₦airaland Forum

Enezoza:
òdahì. Avor.
òdahì. Avor.

ednut1:
the average nigerian is fraudulent. my pastor wife get cold room,filled with smuggled chicken nd turkey from Cotonuo

Enezoza:
If you upgrade your JAMB score, will upgrading your POST UME screening result also possible...Upgrade your level of seriousness instead and try again next year....

4larhhh:
use chrome browser

forreelinc:
aw perhaps they think he is a sch kid on tour
See as them follow am take picture

forreelinc:
aw perhaps they think he is a sch kid on tour
See as them follow am take picture

Nenejeje:
somethings just happen in life and you can't even explain

guess relationships too are not spared

LionDeLeo:
Are you a graduate? Just asking.

babyfaceafrica:
you have a point..and if the ban foreign products to encourage local production,na we go still complain..I don tire for this coumtry

Hassan080196:
Just shut the Bleep up.

babyfaceafrica:
universities without job....what is the use of education without providing the anabking environment for jobs or business...Nigeria sinators have shown is that what you need is not certificate but get leg and joint cult

oluwayimika123:
MY Country my COUNTRY

A country where d winner of a show d@ doesn't bring bak any economic value is awarded 250m naira

A country where d winner of a beauty pageants is given a millions of naira and a car as winning price

A country where d winners of a musical and dance talent hunt shows are awarded cars and millions of naira even d runner-ups

A country where d ova all best student in a school gets handshake and perhaps 10,000 naira at d best

A country where d youths ve completely lost focus best we do is come online to fight E WARS and tribalise all issues

ARE U STILL WONDERING Y we aint moving FORWARD
WE LOVE TO CELEBRATE MEDIOCRITY and we keep blaming our govt 4 nearly everything

Israeljones:
i dont really like a one-sided story expecially when its comin from a lady

Sketchandcraft:
So Na de woman Wey burn thief and fraudster be that...

After all his money he no fit take good care of his mother.. See as his mother resemble housemaid...

989900:
N405 @ Ikeja right now.
N400 @ Ibadan.

Time for speculators and hoarders to count their gains and losses and move on, or remain adamant and lose all.

Once black market merges with close to Western union, trust me, we are headed for N320 to a dollar in few weeks at the minimum!

I wrote the below some weeks back.

1. Oil is no longer our largest source of Forex inflow since 2015, rather remittances from diaspora @ $35b in 2016, which was between 3-4 times more than Forex from oil in 2016 (and that is not even taking into account the ones brought in physically and unaccounted for)!!
Nigeria is the 3rd largest recipient of Forex remittances from overseas in the world!
Diaspora remittances practically supports the Philippines Forex market.

2. Inflows from FDIs are no longer what they used to be . . . those have fallen by over 50% at around $4b in 2016 . . . not basically a situation peculiar to Nigeria thing, nor PDP vs APC thing, though we could have done better.

VERDICT:

Our issues largely complicated by a chronically ill Naira was largely fueled by either complicity or incompetence or both, by our policy makers.

You don't have to be a genius to realize that the large discrepancies between exchange rates created by whack policies got us here.
It ensured people no longer send money anymore via Western union and e.t.c (which would have come in through the CBN and filtered into the system), rather, they do directly to their dorm accounts and other means where they hoard and speculate on the Naira creating artificial scarcity.

Going forward, after the 'technical devaluation' to N375 to a dollar for hospital, school and other bills, the best policy would be to continue to support the Naira until western union and other remittance platforms rates merges with parallel market or within N5-N10 of the parallel market say in the next few weeks, thereby encouraging inflows coming in thru the CBN and speculators dumping their 'stash', which would further help the Naira appreciate considerably to around N350 or less, even with less inputs from 'petro-dollars'.

On the longer term, we pray our 'wild wild south-south' brothers would relax small about this bombing things, so that we can have more power supply which would help reduce our Forex consumption for refined fuel imports, while the CBN and FG intensifies efforts on reducing our over $4b per annum demand on rice imports and other food imports, hoping we can do something in the steel sector to reduce the billions of dollars we waste in importing those every year too. As we pray for Dangote and other new refineries coming up to deliver.

Vanshmuell:
Haha.. Very crazy.. I love naija,,

frenchwine:
This is commendable and worthy of emulation. When you start to give back to the community at this stage, it becomes part of you.
By the way, hypocrisy is when the Chief of Staff took the customary drink from the borehole to prove that it's safe for drinking while himself and other dignitaries were served Eva bottled water.
Only God knows the amount of antibiotics he would take to avoid typhoid.

shikshark:
as much as i dont like police.....i still think a part of this story is missing

mccoy47:
Nice.
I've always know ondo peeps to hv smart genes in dem

Jerryojozy:
I love my profession.


Genius J