₦airaland Forum

989900:
Naira was one of the world's worst performing currencies of 2014?!!.

It is not topping that chart presently because, it has already fallen. Plus, your charts would not tell you that, you would not get the dollar at N197, rather at N210(interbank) or N220 (parallel).

Foreign reserves are half of the story, UAE, Norway, Canada, Oman and some others have probably less than $80b. However, most gulf countries have their currencies pegged to the dollar for over 20 years or more now.

Nigeria is probably doing better than Venezuela only . . .lol.
Even Russia and Iran under enormous sanctions have made gains . . . the Rouble has made 20% gain with the 'rising oil prices', akin to saying the Naira now exchanges for N150/$1.


You do not need any google/froogle or anything/body to tell you that your N155,000=$1,000, is better than your N210,000=$1,000 (inter bank rate).

Nor, do you need a soothsayer to decipher importing refined products as an oil producing state is madness!

For the rest, kindly read my comments 2 more times, and get honest . . .

oops! Not this time.... Here is what you want.

omonnakoda:
She will cough and cough and cough.

ooh no! You scare me now!! You must be yaba left candidate

omonnakoda:
my damnation to your wretched mother she will waste to death before your eyes

ugly creatures rant like this! Your dead mother needs you to #bringbackyourbrain you are damn ugly!

omonnakoda:
Your mother will choke to death

my rip regard to your dead mother sissy!

omonnakoda:
Your mother will die coughing she will choke to death

I'm sure your mother is dead! Silly subhuman!

omonnakoda:
The federal government has NO RIGHT to keep money belonging to the state govenments in a so called Excess Crude Account. It is unconstitutional

Leaving that to one side The FG budget is based on a benchmark and so the FG is well within its right to keep ITS OWN funds or earnings above the benchmark in an Excess Crude Account.The State governments CANNOT COMPEL the FG to spend its own share. So the excuse that the States forced the FG to share the money DOES NOT WASH. Where is the Federal Government share of the ECA. In fact the only way the FG could spend it lawfully was to have a supplementary budget.The FG not only spent it but continued to borrow running a DEFICIT BUDGET EVERY YEAR. How can the state government be blamed for that.

The blame for this goes squarely on the President ,the Finance Minister and the Legislators for not providing anything remotely like oversight

It is unfortunate that when it comes to budgeting both at state and FG level the legislators are mere rubber stamps

what is this one saying?

omonnakoda:
Your mother will bleed to death. She will die coughing

thunder will annihilate any trace of you. And your generation! Your mother will never wake up tomorrow!

omonnakoda:
Your mother will bleed to death. She will die coughing

thunder will annihilate any trace of you. And your generation!

989900:
Riddle me this:

Why didn't the Naira appreciate when it was 'rising oil prices'?

Greatest oil plunge (prices) ever was in '08 from $147.27 to $33.55.
And Naira didn't commit suicide then. Agreed there could be some drop in value of the Naira but this is tooo much!

In 1998 to early 1999, during Gen. Abdulsalami, oil price dropped to $9, exchange rate stabilized at about N88.

So, if your exchange rate was N88 with oil price at nine dollars, how can you explain that when your oil price is over $50 . . .(presently between $65-70 for the past few weeks . . . over $100/barrel oil is not a given . . . even the Rouble with all the sanctions, have made a 20% comeback), while claiming biggest economy in Africa, top 3 projected growth rate in the world, and your exchange rate is now N200,N210,N215 to $1?

How do you go about selling oil for the highest prices ever, over the longest period ever, while depleting the country's reserve from $62b (ECA inclusive) to what $30b or thereabout?!! While OBJ could grow our reserves from less than $5b in 1999 to $42b, while selling oil at an average of $35/barrel.

if the economy was better managed, our foreign reserves should have been between $100 –$120 billion and exchange rate around N110 before the fall in oil prices. As of now, the reserves should be around $90 billion and exchange rate no higher than N125 per dollar.

You say your growth is a non-oil sector . . . , how come that the depreciation in oil price has so much impact on your economy?

When the likes of countries like Qatar, U.A.E, Saudi and co. were busy investing both home and abroad, to secure their economies and their children's future, and the whole world tapping-in frantically into the service sector income generation, what were we doing?

Buying 10 private jets?

Flying chattered for N10b naira!

Going from paying N200-300b in fuel subsidy to paying N2 trillion, while all our refineries needed less than N100b to get back to refining roughly 30million litres of PMS/day!!

Spending N10b on some conference/partying?

Forget about the massive plundering that went into the elections, yet, getting the refineries to work, is so much work.
90% of the country's budget is for what again . . . and yet we borrow?

And my president feeds/feasts with roughly N3m/day!

no brother google Currency War you will find out that naira is performing bera than some currencies. All the oil producing nations from venezuela, norway russia etc have devalued their currency more than naira. Go figure out! Nigeria isn't the only country with devalued currency! Infact. Nigeria is doing very well when compared with other countries aside UAE and qatar and mind you their SWF is far bigger than nigerian, their reserves too are way bigger than nigeria. We have infrastructural deficit unlike the developed nation like norway yet their currency against dollar is horrible. smh

omonnakoda:
The take home message is Ngozi Okonjo-Iweala is an over-hyped failure

you have been waiting for this day! You are the failure here for not recognising her efforts! She made sure ghost workers are off. Importation was less stressful. Paying the workers when due. SMEs mortgage bank, and development bank are all her ideas.. Now tell me what your mother has achieved apart from bringing to earth a disaster like you!

Eruditor:
1. Nigeria sells crude at a price premium to Brent and Oman-Dubai. In other words our crude is more expensive.

2. Nigeria produces more crude than Algeria.

3. If Saudi and Norway can have FR to the tune of such valuations then Nigeria should have something way beyond 29.9B $. OBJ, left it at 62B $ before leaving even though he sold crude at less than half the price during GEJs time.

There's no excuse for the recklessness of GEJs government. C'est fini.

see analysis.. Did you know when minimum wage was increased? Did you know when bokoharam insurgency appeared? Did you know how much ASUU, Labour unions that demanded increment in their wages!

Eruditor:
LOL. We benchmarked crude at less than 50$ per barrel and sold it for more than 115$ for more than 2 years. The Excess of more than 64$ per barrel should have been SAVED. Or was it? And what happened to that savings?

amechi led group sued Fg and okonjo, forcing them to share it and they did!!

winniz:
Those still in doubt, the first report came from Osun defender last year.

http://www.osundefender.org/?P=119765

All the media outlet both Foreign and local that carried the news including yahoo news used Osun defender as source. See link

http://www.independent.co.uk/new/world/africa/restaurant-with-roasted-human-heads-on-the-menu-shut-down-by-police-9123693.html.

http://metro.co.uk/2014/02/12/nigeria-human-flesh-served-at-restaurant-in-anambra-43007351

http://www.nydailynew.com/news/world/nigerian-hotel-serves-human-meat-report-article-1.1616311

Police never authenticated the news, it was fabricated by South West media Osun defender to tarnish Anambra state.

please we need to take a proactive measure on this one, I know a yoruba guy that told me about this, and its coming to pass! We need to fish that person out! Anambra is too civilized to experience this kind of thing!!

ibedun:
Like his ancestors in South Eastern Nigeria he is politically naive and have just foolishly stuck his head out at the wrong time. London's cosmopolitan makeup has deceived him into overestimating his acceptability to the wider United Kingdom. Infact like his brothers in Lagos he has managed to annoy his hosts (check the UK media blogs). Many have asked him to return to Nigeria to rule his people and develop his father land (if in doubt check the media blogs in the UK).

Igbos are political toddlers from generation to generation. It's in the genes.

I don't agree with you those telling him to go back to nigeria are actually yorubas! Don't be surprise that yorubas will start their snithing job as usual against him in the london, but guess what if you like bomb him, cut off his nake, go and tell britain that their people eat human being , they are this they are that! I'm sure you have started doing that! You guys will reap someday your wicked ventures. Just like one of you was telling a Thai police about IGbos. You can go on with your evil deeds! Fools!

Why are the yorubas attacking this man? "Ignoramouths" sophisaco peeps! If i may ask, what has really changed in NTA since he left office! If you lots are saying he caused the problem with NTA, what about Nitel? What about Nepa? All these public govt properties were all run down by your people. The way and manner you mismanage anything you preside over is very well known in this country. How did you expect bruce to bring magic in NTA when it is filled with your people with half bake qualification and oluyole cert? How do you expect him to perform magic, is he Buhari? If he couldn't transform NTA then what stopped those that took over from him? Look at silverbird he single handedly spread them all over the country! Unlike you clannish peeps! All your fight against dokpesi, Ben bruce are well known to me! You want them to flood their TV with your people, which is not working! How many of their people work in MITV and TVC? You people are incredibly annoying! Your hypocrisy magnitude in Earthquake is a double digit!! Leave bruce alone!

ANAMBRA11:
"sofisticasan"

honestly when I say yorubas are sophiscated ignoramus, people will attach me, "not all tho" A professor of history still do not know that nsukka is in enugu! And he careless. If you tell them to travel they will tell you that americans do not travel. America that is bigger than west africa. Honestly I'm not surprise at all! Most of them are like that,

APContherun:
I don't know when Samson Okwu from Oju/Obi Federal Constituency of Benue State became a South Easterner.

many yorubas are ignorant! They always think that igbo exist only in five states, if you tell them to travel they won't! Only to eat at a party venue.

fellory:
comments from handles such as this belongs to a non yoruba.The intention Is to create angst among the yoruba and other tribes.You must however be discerning enough to recognise this.

which tribe does it then belong to? Tribalist! You guys always shout up and down when someone beats you in your own game!

wonderfulman:
kidnapping is the fallout of bad economy like Nigeria where unemployment is high.how I wish those devil incarnate choose a better alternative after all money is not everything.there is god ooooooo chai

don't even start! This is a clear case of hungry for money, greed, desperation and criminal mindset of the people.

lalasticlala:
http://www.pmnewsnigeria.com/2015/05/12/7-doctors-get-kidnap-notice-in-ekiti-state/

am I the only one thinking this or what? Kidnapping is now in southwest, and no one is reporting it as greedy of yorubas. They report it as if its ordinary crime. Unlike when it happened in the southeast, you would see something like Den of kidnappers bursted.. ABA capital of kidnappers bla bla bla, the rate at which they kidnap this day in southwest is alarming. Infact they also kidnap for ritual purposes. Meaning the victim would be killed.
2. My second thought on this news it that someone is fermenting this problem in Ekiti, to make Fayose appear bad and incapable. Yes! Its true, how can people write to kidnap "ordinary" medical doctors! What will they get from them? And why innocent doctors, that save lifes? Something is fishy here, and I'm suspecting the Frog eye genius. Don't quote me abeg!

inviix:
Yes that's possible. I've seen same with Hausas And Igbos. In fact, the Hunks speak fluent broken English yet they can spell their names. If you think its lie go to alaba and ladipo market and find out yourself.

Becks you speak idolated English don't make you educated.

The yoruba tribe is the largest ethnic group in Africa. The percentage of their educated people is almost the size of the Igbo nation.

typical yoruba man! If I try to engage you now you will loose your senses.. Let me not endanger your low life.

UncleJudax:
Hahaha. I sincerely apologise for my inability to understand your latest ranting.

it wasn't meant for noodle brains! Don't be offended. Your genetic make up must have lost a very important gene.

inviix:
Yoruba man no go East or anywhere else in Nigeria in large numbers that's for sure. Why should they When the west is better off than other regions in the country, you leave only for greener pastures, the east is a dark state. But you'll find yorubas in large numbers in the UK, US, Canada etc.

Igbos more literate than Yorubas? Another illusion and false believe of an igbo man; always looking to fabricate glory when there's none. You lots are pathetic. You have complex problem, the earlier you're able to cure yourselves off that ailment, the better for you.

it is only in yorubaland that a girl of 20 years can't speak or understand english.

UncleJudax:
Lol. I must say he, patrick89, deserves whatever you throw at him. But you should have attacked his persona, instead of doing the same wrong that he did.

Crime knows no tribe/race. All the forms of crime you have listed are perpetrated by all the tribes, the proportions might vary, but they all do it.

you are an easy catch just throw one banana peel you are down!

momo22:
Very good point but please tell it to that tribalistc bigot patrick89.

momo morons! You are a bunch of misbehavior!

free2ryhme:
How come the complete ones are killing themselves in Ladipo, dying in Asia prisons for drug trafficking, sending 419 emails, involve in ritual killings,

Do u have any theory for this

each time you phools come up with these set of allegations, we truncate! Its on record that.
1. Igbos trade together, they help each order more than any tribe, eg if mr okoro is successful in ladipo he will go to the village and bring more people train them and give them money(plenty money) to expand. An igbo man may worth just 2 million, but he will settle his brother with 500000bucks Unlike yorubas, you have to pay to learn work from your oga, as an omose, after you will also pay to "do freedom" after he must have used you as a slave. No food, no accomodation, no freedom. You need to see how yorubas treat their omose! Like rags, like nobody! Less human!. If two yoruba women are selling the same thing at the same place, they will go to different babalawo, do many jujus, fight gossip against themselves. An their men do not have shops, but if you see where they are fighting in their working place, you will shake your head. Unlike igbos, if you come to the market, you won't know the owner of the shops. They accommodate even "Ndi oso ahia"( people who do not have shop and goods). Go to igbolands, if you are rich and you have not done anything for the town, you will and must belong to age grade, village meeting. you are a nobody, you must either build roads, schools, halls etc. On the other side Hausas have few big men that send their many poor people to rear cattle in the bush for them. Their elites are dumping money in UAE living their people in abject poverty.
2. The issue of 419 and credit fraud are mostly known among yorubas! #fact even though some handful of igbos do that but credit card fraud is the main thing that have caged young and old yoruba folks in UK prison. There are thousands of yoruba people in uk prison because of credit card fraud. What about benin prostitution? Let's not go their.
3. Drug pushing, I want to agree that most asia black people drug case are dominted by igbos, but look at it this way. Yoruba top the list of marijuana production in nigeria that is also drug! Which give less money and more damages. Their political leaders are drug kinpings. They even celebrate them, that is why Kashamu chooses tinubu as his role model. Drug cartel is a world wide crime that can be compared to arms dealing! Drug market value is second to only oil and gas. Even electronics and automobile do not come close. So its a big market operated by the very rich countries, and influential people in the world. And some desperate igbo men are tapping into that. So don't make it look like an Igbo thing! If not for drug their would not be jagaban! Asiwaju, fashola and ambode as a governor. The whole of america, europe, middle East and ofcourse africa continent are part of the cartels. If china should kill drug traffickers and leave the arm traffickers they are hypocrist. I'm not trying to justify drug trafficking but making it look like one igbo monster thing is myopic and stupid.
4. On the issue of Ritual killing!! Omo apart from nollywood I dare you to show me 5 empirical evidence to back this up. But on the other hand, in yorubaland, it is only place a native doctor is allowed to move and mingle with anyone, they even have sign posts, that advertise their jobs to the gullible masses. An average imam of a yoruba stock will have juju where he does terrible things. And same goes to their white garment prophets and prophetess. They have their domains very close to the river. They have all manner of religions. Since I was born I have never seen native doctor live and mingle happily with people. This is what can earn you stiff discrimination in igboland. Mr man, in igboland, we have many wonderful communities that are very vigilant and proactive they care about their citizens a lot. Igbos watch their fellow igbos back no matter what! Igbos love their people so much! The only problem here is that they are just carefree! They don't mind renouncing their names, language to embrace yours, but in their soul! "IGBO" is boldly "inscripted"
Igbo people are not cowards!

Jobneeded12:
Please Before our Ibos start lying yorubas in UK have been here and left since 2003
And we didn't sing yoruba taking over
Victor Lambe South wark Labour Party 2003
Aderemi oladimeji first black mayor Ireland 2006
Olusegun alapida Labour Party Midlands 2005

So before those igbo monkeys start saying false info

We have been here

liar that olusegun aladipa doesn't exist! Victor lambe is not yoruba! You guys can lie!

Ugly creatures! Just look at you becoming mayor in another man's land!! Igbos are not making any noise afterall those igbo men/women got Re-elected, meaning they were there in the first place. But we are making it a big deal to resonate to the fabrics of some yorubas who are suffering from igbophobia in lagos.

One unique thing about igbos is their "I can do" spirit! Its only in igboland that you will see a handicaped man/ woman successful. You will see crippled men going to school, teaching repairing things. You will see blind, deaf and dump doing one thing or the other, had it been it were in the north or west they will troop to the street begging for arms. Their is nothing like handicap in the east, they ride modified motorcycle.

ozodigboo:
See, this is why the Y**bas will continue laughing at us.
Instead of promoting unity within the igbo race, we are busy comparing which igbo city is better than the other.
Adongerrit.

as if igbos care about what they think about us.. Nobody cares! We are own competitor! We compare ourselves.