₦airaland Forum

InyinyaAgbaOku:
It's not even a FG project.
It's a private one founded by Barth Nnaji.
It has many investors, none of which is FG or state government.

Of course, FG has to give you license to do it cos Aba has been cut off from the national grid

Find out the role played by AMCON

NairalandForumo:
The increase in allocation doesn't really change much, I know some people will want to argue, but look at it like this, Nigeria placed a budget about 28trillion when the dollar was about 800naira.

Today the dollar is 1600, that means the value of that 28 trillion is half, what it means is that Nigeria might need 56 trillion naira to do what the 28 trillion could do at the time of the budget, then when you also add their normal corruption to it what will be left, so increase in state budget might not change much especially when the rate of inflation is faster than the increased allocations....

Allocations received by the States have increased by 60% but their wage bills have not increased ,in fact some States are still not paying 30,000 minimum wage, so where is the money going to sir?

Do you know what #20 Billion can do in the economy of Abia, Taraba, Osun or Jigawa States?

plaetton:
Another nonsensical ad hoc policy dead on arrival.
I still fail to understand how restricting the availability of forex would help the Naira.
Nigeria is heavily dependent on imported goods, from toothpick to the very fuel we use to run our generator-economy. Therefore, forex would always be in great demand. If the supply is disrupted by ill-conceived ad hoc policies, the value of the available forex would always go up and up.

You are mixing issues up.
This policy is to regulate the BDC ,not to restrict FOREX.

You don need to touch dollars in cash for you to do Import business.

Nigeria is NOT the only country in West Africa with high importation yet we don't see their economy highly dollarized like this.

In other countries, to get above $100, they will request for your international passport and you won't see private citizens in Benin Republic, Togo, Ghana or Mali holding $1000 cash.


What is presently happening in Nigeria is that some elites have somehow created a parallel currency within Nigeria called the DOLLAR with a competing and opposing values to the Naira within the economy

nlreserve:
Na today? All those can't happen until the hardship forces you to revolt against your evil leaders.

Nigeria is a developing country and the problems of Nigeria goes beyond the leaders but a summation of all actions and in-actions of all the people in Nigeria.

ShangTsung000:
IYOO...

Should have at least a seaport. Why is it so difficult for your darling country Nigeria to do that?

ONYE ANWULU!!!

So Buhari closed the borders so as to punish the SE which doesn't have borders but you are now shifting the goal post that SE which doesn't border any sea should have a Seaport?

nlreserve:
Please, is Nigeria winning or loosing? Is life better today or worst. Lol! I don't want any Igbo, especially Obi to contest any election again in Nigeria. Let Nigeria sink let every region manage itself. While you or fulani continue to win, Nigeria and Nigerians continue to loose. I am enjoying it haha

Nigeria is winning.

This doesn't mean there are no problems, but Nigeria is on the right path.

With amendments of the constitution and other relevant laws, State Police will be established for each State to protect itself.

The initial negative effects of the economic reforms will be tackled and with time, more Nigerians will go into the EXPORT sector which will increase productivity.

Your negativities are Yours and not for everybody.

franchasofficia:
Senseless people.


According to you senseless Nigerians from Southwest, how to play good politics is by remaining stupidly silent while a President destroys Nigeria.


Because Igbos refused to support Buhari and kept on criticizing Buhari's 8 years of failure as a President while the Yorubas remained silent even when Buhari's foolishness led to killing of Yorubas living in remote communities by Fulani herdsmen terrorists that is why Igbos didn't play good politics?


Igbos will only play good politics it they had looked the other way while Buhari destroyed Nigeria through appointing incompetent people from his tribe and religion. Just sit back and think of what you call how to play politics.


It is Yoruba peoples habit of playing idoncare politics of keeping quiet while useless Northern politicians plunged Nigeria into perpetual mess that led Nigeria where it is today.

Why do you think enmity and hostilities towards the Yorubas is the best path to your victory?

Leave the SW, try to win in the remaining 5 Geopolitical zones and you will be victorious.

AmuDimpka:
my dear the way most Yoruba reason is funny


Did you see his analogy...they always demand respect without thinking actions through

Leave Yoruba, concentrate on other parts of Nigeria.

Peter Obi received 19% of the votes in the SW.

FreedomfromtheT:
You still have the same preelection mindset of rejecting the competent medical doctor who didn't wrong you and going for a quack doctor because the relatives and friends of the competent doctor don't relate well with you. That means your biase matters to you than your being alive.
Whatever obidients do or say is not new in Nigerian political history. Have we forgotten that the supporters of APC, former president Buhari and the incumbent president Tinubu did same or worse to president Jonathan yet they came to power and we have seen the results.
I'm yet to hear anyone say Peter Obi insulted them. All I read is obidients said this, obidients did that.
What if some of these faceless 'obidients' are actually planted by Peter Obi's opponents and Igbo haters to make you continue to reject the right candidate who can salvage this country from its current mess?
Please let's think about it.
God bless Nigeria.

Peter Obi's so called competence is NOT backed by any track record of achievements in his 8 years administration of Anambra State and many people who were criticising and cursing him for poor performance in Anambra State are now leading members of the Obidients,who have now elevated him to the status of the awaiting Messiah who has the magic wand to solve all problems in Nigeria

nlreserve:
You are very correct 💯. You have just stated the reason Nigeria can never get better. Nigeria can never get better because yoruba and Hausa consider relationships and sentiments when voting. As you have stated here. It's a simple truth. How can u choose to vote against someone because you don't like his followers? Are u voting competence or sentiments? This also happens during appointments. They appoint based on relationships and sentiments and at the end of the day, Nigeria continues to go down because they will be doing trial and error while the masses suffer the consequences. Nigeria will surely collapse one day, hopefully and everyone will fight for his region's control as the centre cannot manage them.

And it's a thing of joy for me to know that the generator republic is going down because I'm not proud of it. That's why we continue to pray for our Biafra to stand by God's grace.

So only Igbos gave Peter Obi the 6.1 million votes?

If Nigerians didn't vote for Peter Obi because he is Igbo, he wouldn't have been able to win in Lagos, Plateau or Edo States which are not Igbo States.

In Oyo State, many young people and Pentecostal Christians in SW Capital cities voted for Peter Obi but what they they get in return? Hatred, insults, curses.

Peter Obi won in virtually all the Polling units inside RCCG Redemption Camp but Obidients have consistently disrespected and denigrated Pastor Adeboye, the General Overseer of the church and always ridicule the RCCG daily on Social Media.

Ofodirinwa:
Nwanne can you reason like a homosapien? What are the rules of the game? Beating and maiming people at the polls? Rigging? Killing over ballot boxes? looting? Making your girlfriend or fellow lotter CBN or finance minister?

So Igbos should learn that stupidity? Igbos are trying to do things like normal members of the human species and you think they are stupid because they don't want to do politics like a pack of gorillas. If somebody is making sense, and sensible people follow them, Nigeria will improve. Tinubu got on stage and licked a microphone unprovoked. Are those the rules? When you and others were supporting him as he walked around the country urine soaked, rigging, licking microphone, forging certificate, promising corn and agbado, did you think that he will bring pride to Yorubas once he wins?

Now Yorubas are the laughing stock of Africa. Look at Afcon, every country used your brother to insult Nigerians as a whole. Now everyone online is yabbing Northerners and Yorubas because of him. So if 'na my brother' was supposed to be a flex, is this flexing?

If somebody is making sense, you support them. That is all Igbos do. Igbos supported Jonathan, Yar Adua, Obasanjo and Obi. They have rejected BUhari and Tinubu. Buhari did not hide his stupidity. Tinubu did not hide his stupidity. But some of you still followed because you're stupid like them. Just follow normal people and you will have a normal life. Follow stupid people and have a stupid life.

Leave Yorubas (whom you have persistly demonized eventhough, a substantial number of them supported Peter Obi) and focus on convincing the remain 299 tribes in Nigeria.

FreedomfromtheT:
I am not advocating for Igbos to be involved in any hardship protest.
My piece is directed to Igbo haters.
Would they rather prefer that Nigeria goes to the dogs than have a credible, competent and capable Igbo become president?

Why didn't Atiku win the 2023 presidential election? Why didn't Buhari win in 2003, 2007 and 2011? Could all these be due to hatred for the Fulanis?

FreedomfromtheT:
Ok.
Your desire and opinion.
But for now, the Igbos are still part of Nigeria and it appears the rest of Nigeria needs Igbos to come to their rescue politically.

Physicians heal thyself first.

Let Igbos rescue SE first.

Ofunaofu:
While I am not holding a brief for the national chairman of LP, why arrest and humiliate him in such a manner over some trump-up charges? Moreover, the current national chairman of APC was caught on camera stuffing his babariga with dollars, which are proceeds of bribery and corruption, when he was governor of Kano State, and today he is walking free.

There was a petition (against Abure) of attempted murder of the Youth Leader of the Labour Party, Com Anslem Eragbe.
When the Abure Faction/The Obidients were beating up Pa Lamidi Apapa and attempted to lynch Anslem , Peter Obi didn't say anything and his supporters hailed the criminal actions.

ScamDemicEra:
Nairaland has become a powerful weapon of mind manipulation by street level satanists. The FTC pro-Tinubu got 23 likes from "only God knows who" while someone with meaningful comment got 9 real people likes.

..... lies, mind control, otumopo/occult/fetish, rigging can win elections (8M only votes) but can't make things like hunger, extreme hardship, fiat currency, unpaid salaries etc disappear.

Relax bro, all the problems in Nigeria will disappear by 2027 when Peter Obi regain his mandate.

buJu234:
a lot of these businessmen farmers need to be arrested.

u think it's business as usual abi.

where u collect subsidized fertilizers plus the Nigerian govt. agric subsidies,
then during harvest, you take that same produce and sell them to another country
just to make a big profit.

I was once a farmer, not all farmers benefit from subsidised fertilisers and Agric loans or whatever. Only very few farns owned by retired Generals, top Gov't officials enjoy such benefits.

ShangTsung000:
IYOO....

Did Buhari really close the border or he said that impoverish the South Easterners?
And released to the owner...... Only happens in the North. This country is going nowhere.

ONYE ANWULU!!!

How does this involve the S/East which doesn't have any international borders? Must you play the victim card all the time?

FarmPlanetNG:
North and hypocrisy. You engage in agricultural projects with the country's finances, then out of sentiments send it to Niger Republic that they are more next of kin than Southern Nigerian, yet you all wanted to die for same religion ticket. The hypocrisy in the north stinks to hell. Since you hate the southerners so badly, please call for referendum so you can go attach to your Niger Republic in peace

This is NOT about hypocrisy but economics.
These people are taking foods to countries where they can earn higher profits (FOREX).

Because CFA is now way higher than Naira, people will continue to export all materials they can to get higher profits.

Several allegations from original and founding members of the Labour party against Comrade Abure were made in 2022/2023 but the Headless Mob used emotions to support him and labelled anyone that spoke against him as 'working for the APC' but the man was busy forging signatures of candidates and replacing them at die minutes which caused disaffection within the party leading to defeats in many States./constituencies.

InyinyaAgbaOku:
African store dealers are the most greedy people you will ever come across.
Yet , they aren't richer than their Asian counterparts.

Go to an Asian store, you will still see African raw foods , yet they will be cheaper.
Asian stores have your ogiri, yams , garri , egwusi, etc but they sell these foods twice cheaper than your African stores

That's the same thing that applies to African restaurants abroad.
African dealers make eating African food abroad a luxury whereas it's easier for Asians to preserve their cultural eating habits cos the foods are cheap for them

The Asian shops have better finances to compete better.

1Sharon:
There is more demand for it. As time goes on and african cuisine gets more established, the price will come down.

No, there is less demand for Jollof rice, sometimes you may have to travel 20Km just to buy Jollof rice.

Jollof rice in London is considered exotic cuisine

MrCork:
Bro..fish n chips is £2
Kebab * chips is £4
Fried rice is £6
Chicken n chip is £5
Shamama is £1

So why on earth should Jollof rice be £19....without Fanta or Coca-Cola sir?how are we sopose to take woman on a date??

Chicken and chips =£4

Built2last:
Well done sir chief economist. You economic brain did tell you that farmers can't go to farm because kidnapping is at all time high.

This is why efforts is being made to tackle insecurity including amending the laws to allow State Police so that each State can protect itself

Vinnie2000:
Instead of Mor0ns to tackle the SPONSORS of the Hardship most Nigerians are facing currently,
They are investigating Abure, as if he is a Minister in the administration.

Mumu Pple.

The rule of law is NOT only for those in Government but for everybody.
You people don't want to be scrutinised but are always quick to scrutinie and criticise others.

aswani:
At least detail how it is the best when compared to other states instead of all this 2027 Peter Obi campaign broadcast. Any Tom, Dick and Harry can use your exact words and insert any other state.

If Anambra is so great as you've espoused, why are people leaving there to migrate to other places, particularly a certain place not far from Cotonou? Why are Corpers not working their service there? Why is there no visible mass migration to the Anambra land of milk and honey especially during these times.

Can we also have a list of monies Anambra loaned to other states?

The ways many of these people want everybody to believe in their Messiahnism is quite amusing. Imaging aying Anambra has the best economy in Nigeria just by words of his mouth!

Davidblen:
Agbadorians looking for rubbish to defend this government,

First of all ,have you considered security, which investor will invest in an unsecured state?

CBN just banned the export of dollar , how will the investor repatriate his profits back to his country?

If an investor sell a product for 1500 in Nigeria he will be expecting $1 abi? , what happens when dollar rise to 2000, that means he made a loss of $0.25
Sometimes u need to seat down and think

All this useless agbadorians sef ehn

Join the booming EXPORT Business. Nigerians are now exporting slippers, soaps, onions, maize and other commoditiies to neighbouring African countries. In the coming months, Tomatoes and meat will be scarced as Northerners are now selling to other W/African countries to make more profits. Visit Yauri and Jega Markets in Kebbi for further enquiries.

Now, 1kg of Cocoa beans is selling for N7,500 in Ondo/Osun States. Visit Ejigbo, Osun State to see people packing goods, to be sold in Ivory Coast to make more profits.

ValarDoharis:
By moving the economy from consumption to production.

By fighting corruption in public offices to the barest minimum

By drastically reducing the insecurity across yhe country

His global reputation will attract foreign direct investment

By engaging the public frequently and carrying every part of the country along.

He has precedence for these things

All these are mere rheotorics.

Economics talks in numbers. You don't know what you are saying.

How much did Nigeria spend on importation of petroleum products, wheat, automobiles, medications?

What is the total export of Nigeria?

ValarDoharis:
Put in a competent man with integrity like Peter Obi and he'll get the job done. You cannot keep riggin in empty vessels like Buhari and Tinubu and expect progress. Something cannot come out of nothing

You didn't say anything related to economic issues.

How will Peter Obi manufacture Billions of dollars to keep defending the Naira and pay for fuel subsidy?

Built2last:
Don't worry. Keep running your mouth and mentioning Peter Obi who just gave 20million to a nursing school yesterday.

In another 2 years let's see wether your mouth will still be running

Your understanding of the economic situations of Nigeria is shallow and tinted with tribalism.

There is no easy way out.

The capacity to sustain importation will reduce and most people won't be able to afford imported items.

Nigerians should go back to productions of ANYTHING they can e.g goats, maize, garments , granites, wooden planks, Cocoa, Furniture etc.


Increase export business.




The wealth made by export of crude oil since 1973 is no longer enough to sustain our lifestyles.