₦airaland Forum

It is today that I know that Nigerians are cursed.

This is the same Nigerians that use to insult Nigeria and say, "Nigeria use to import common toothpick"

This is the same Nigerians that are applauding this Pandora policy..

Vote4Obi:
You're getting it all wrong. What do you think is the major reason for forex scarcity in Nigeria? Simple, due to lack of exports!

I don't think Peter Obi will implement the removal of import restrictions as his first policy on assuming office. From what he stated last time about oil producing areas, he obviously has plans to stop oil theft and ensure Nigeria maximizes its full oil production and exports. Once our oil exports return to normal like anything close to 2mbpd, pressure on dollar will reduce since we will be able to shore up our reserves. Importation of refined petroleum takes a huge portion of our forex, hopefully Dangote refinery will come on stream soon.

Are you aware that when ships bring imports, they would also want to take exports to avoid running at a loss? So, when more ships are coming to Nigeria, it would make our exports cheaper too.

Again, how is mere rhetoric on import restrictions by government helped? Has it stopped those goods from entering Nigeria? No! Have it stopped importers from seeking forex from the black market to import them? No! That policy is only helping the economy of Togo and Benin republic! It's only helping corrupt customs personnel to enrich themselves at the expense of Nigerians.

And what exactly will the Ships return with, when everybody in Nigeria would be busy importing instead of producing?

How I wish a renowned economist like Okonjo Iweala can be asked for her opinion on this trash idea of Peter Obi.
If she actually see it as a good idea, I will vote Obi in 2023.

But I trust Iweala. She's not as dumb as Peter Obviously is.

Oluvisual:
God bless you, this means a lot. Please don't forget to subscribe to support ����

Done. You did a good job there.

derecho:
He never sabi wetin dey hapun.
It's gone beyond you.
APC +PDP presidential candidates must be retired.
Peter Obi is the reason no one is looking your way.

How many jobs did Obi create in his 8 years?

successmatters:
Where is the controversy? Why arresting everyone with a laptop?

I go around with laptop almost everyday. I come in contact with police. I've never been arrested for carrying a laptop. Not even when I was without my receipt.

98% of boys arrested are yahoo boys whether you admit it or not.

MatrixReloaded:
After they will say Buhari is the best thing that happened to South East. Yaradua would have done much more beta if not for health reasons which the fulani always play their weird political gimmicks. If a Dam have been created and sealed , water ways will run only through the river banks and escape through the river Niger. Okowa is a nonentity because Asaba which is the capital is flooded too and he have never visited Anambra state which is his closest allies to spearhead the waterlog affecting this zones.

Can you STFU?
This is the USA in 2021.. Why didn't they created a dam and seal the water ways with their $6 trillion national budget?

Faber:
5th President of Benin Republic...shame no dey catch you. October 1 Obi shut down entire Nigeria, you are walking down Oshodi and making noise

K

N11.92 billion is less than 0.06% of the N19 trillion National budget.

WisdomCanada:
Peter Obi will cut all those padded cost of governance once he resumes work in 2023.

The highest he can do is cut the cost of the Presidency and his ministers. He can't touch the budget of the legislature. Unless he nor want make them approve the budget.

Even Buhari with most Senators in APC couldn't do it, is it PO with all the senators in either APC and PDP that will do it? You guys are still children when it comes to Nigeria politics and governce.

Leebliss13:
Just think about this. Between a young bride and a bride that is 70+ old, who will you marry as a man ??


Ooh, you see that you didn’t even think about it in a split sec.

Vote with sense.

I'm sure you won't marry a 60+ old bride over a 25 years old virgin either.

Urheadmaster:
Christians should wake up


The revelation has just begun

Guy STFU, don't rally happen on Fridays too?

By the time Obidients eye clear, Tinubu would be reading his October 1st speech as the 5th President of the 4th Republic.

yinkus6750:
What a failed state.
How can Ebonyi state be so successful in infrastructure and leadership, while Abia is seriously retrogressing ?
It's a big shame on past and present leaders of Abia State.
I hope they get it right by 2023

And funny enough, they hate Umahi because he's in APC even though he's much better than Ikpeazu.

In 15-20 years time, if Ikpeazu and Sanwo Olu are gunning for Presidency, some people will look you in the eye and tell you that Ikpeazu is better. They will tell you that Lagos is rich that is why Sanwo Olu perfomed. They will justify Ikpeazu's incompetence.

Even Peter Obi's Fidelity Bank would not employe a second class philosophy graduate.

Eriokanmi:
I hope the urchins won't rush to conclude it's obidients at work. The last time i checked, same criminal elements also attacked the Labour Party vehicle in that region .

Urchins were even mocking us then. Na turn by turn.

South East is where Obi will get most of his votes and it seems like UGM go spoil am. You suppose dey cry

hspda:
How did unknown gunmen became a household name in Nigeria?

Are we saying non of the law enforcement agencies could unravel those behind the name?

No group have come out to accept they're the ones doing the crime. Even though everyone knows it's IPOB, they still haven't admitted to the attacks.

Boko Haram, Al Queda, ISIS etc always claim their attacks.

tctrills:
If private companies cannot run the steel project, then it would be foolish to believe that government would do better. If I were OBJ, I would see for only N1 with the agreement that the plant should be running after a set time. If the private world can't make it work then it should be completely abandoned. I repeat, Government has no business in steel production.

OK o. I hear you.

tctrills:
No, we should not. It should be put in private hands. Government has no business producing steel. There are many major steel companies that could make the project profitable.
Building it with government money in the first place was a mistake.
If I was in charge, I would sell the project for N1 to a reputable company with an agreement that they would turn the place around after a set period of time. I would also give them a tax break to make them competitive with imported steel.

The would need to pay workers and make profit. Nobody would invest in a business to not make profit. Tax break will not compensate their profit if they don't sell high enough..

BTW, Obj sold the steel company to an India Steel Corpration and when that flop of a President, Yar Adua, took over, he reversed the sale. His reversal breeched their agreement and Nigeria was to pay over $5 billion which was reduced recently to over $400 million.

tctrills:
There you are wrong again. There are many industries in both Nigeria and Ghana that currently make use of steel.
The construction industry is one. If Nigerian made steel is very expensive, it would diminish our construction industry and make many people jobless.
There are many industries in Nigeria that depend on cheap steel such as the fabrication industry, the auto and auto parts industry, the kitchen and home utensils industry. If the cost of your steel goes up, you would be putting many of these people out of work and reducing their profit margins. Do you get it now?

Before I continue further, lemme ask you a question.

Should Nigeria completely abandon the Ajaokuta Steel company after spending billions of dollars in it's construction, since producing steel from there would be more expensive than importation?

babzo:
Your initial example was of a mass murderer and I replied you saying there is not one mass killing in the USA where the culprit is not dead or arrested within 24 hours.

Now you bring examples of a non violent bank robber and missing people. Ok, I assume when I answer this, you will bring up scammers, rapists and burglars. Ok

There are levels of crime in America and levels of focus. There are also 4 levels of Police: Federal, State, County and City.

Again like I said in my earlier reply, there is no country without crime. America may even have more crime than Nigeria.
The difference Is that in America there are people working 24 hours a day to solve these crimes.
Their promotion and salaries is based on how many crimes they solve; not by who they know or State of origin.


The Nigerian robber was a non violent bank robber. Most likely one detective would have been assigned to the case, when they discovered that it was the same person robbing, a task force would have been set up. If he had shot anyone or killed, he wouldn't have gone free for that long.

Again kidnapping for ransom is a low IQ crime that has been eradicated in most countries.
When you kidnap someone for money, it's different from kidnapping your child in a custody dispute or to rape the victim or to kill them.

In a decent orderly country, you can no longer successfully kidnap anyone for ransom ( money). If the phone calls are not traced, the money payment will be traced. And in Nigeria, it's not just one person kidnapped, it's thousands and the kidnappers are not caught.

Nigeria can't progress if we continue to make excuses for the incompetent leaders.

Ok

[quote author=tctrills post=117350234][/quote]You actually make zero sense. Currently Nigeria and Ghana imports steel but there's few employment in the manufacturing sector of both countries. Then how come are you still saying when Nigeria's steel industry starts working Ghana will still have more employment in the steel industry?

babzo:
But within 24 hours that killer will be dead or arrested. And if arrested, will be jailed or sentenced to death within a year.

As long as there is a devil, there will be evil in every country.

What civilized countries do is is combat crime and punish evil doers.

When last did you hear of kidnap for Ransome in America? It's been over 40 years! You know why?.Kidnapping for ransom is such a stupid crime and so easy to solve; it has been eradicated.

It's so easy, even a year 1 recruit can solve a kidnapping case. How do you kidnap people for money and get away with it?
They make phone calls, house the victims, buy food for them, then collect naira printed by the YEARS! Are they ghosts?

How come was a Nigerian American able to rob America 68 times before he was caught?

Check the number of unsolved cases of missing people (which included kidnappings) in America.
This is a country with CCTV everywhere and a security budget of more than the other top 5 countries combined.

Tochi3:
How can Nigeria be a failed State... when you can afford to live lavishly in France, London, and having bullion vans stolen from tax payers money and sweat..

Thief'nubu are your chilldren and grandchildren been kidnapped, are they out of school... Do they Lack medical attention like the teeming masses of Nigeria...Do your children and grandchildren go to bed hungry like the children of the down trodden...

How can Nigeria be a failed State to thief'nubu...when his children are sittimg on the destinies of their supporters cum urchins..

Who owns and sniff's the revenue from Alpha beta??

Are you even interested to know if Nigeria is a failed state... when you can check in and check out. in private jets

I don't blame Thief'nubu because he can package odourless fufu and share to his miscreants who come online to hail and praise the Emilokan .

Which school did the Children of your presidential candidate attend?

Didn't he also did a surgery in UK too?

Try not to throw stones when you live in a glass house.

[quote author=tctrills post=117348461][/quote]Nigerians consume more rice than ever before. Talk about unaffordable.

Millions of farmers became millionaires. Go and verify.

Fuel subsidy will be completely removed and heaven and earth will not meet.

Yes, steel will be more cost in Nigeria than Ghana, but Nigeria will have more people employed in her steel industry than Ghana.
In Ghana, only the people importing and selling steal will be making money. Most of the citizen would be unemployed.


Do you know that America's oil refinery refines oil more expensive that other places? This is because America's refinery were built before better efficient and cheaper way of refining oil was invented. Today, is America not still refining oil for other countries?

Ghana might enjoy cheaper steel than Nigeria but in the long run, it wouldn't help them.
Same way Nigeria's fuel is the cheapest in West Africa but it's not helping us in anyway.
Nigerians might be buying steel more expensive than Ghana, but many Nigerians would be employed and they'd have money to buy steel products like cars unlike Ghana where things will be cheap, but they still won't have the money to buy it.

tctrills:
No, china wasted many years locking her economy and they achieved nothing. With a locked economy, china was mostly agrarian. There was very little industry. 95% of the industries in china are under 30 years old. Please can you mention the products china was manufacturing 30 years ago? China had less industry than Taiwan and Korea before they opened up their economy. All the good things happened when they opened their economy. On the other hand, tens of millions died of hunger with their closed economy. Google it, please.

Guy, it was during those 30 years that Chinese were dying of hunger that China was revamping her economy. I have studied the Chinese economy so don't tell me what I know.

tctrills:
I understand that but my point is to look at the economy holistically. Cassava and corn cannot be our economy.

It can. Look at how much Ukraine and Russia make from selling wheat. $5.1 billion in one year. That's about 20% of our $24 billion national budget.

Lovenorth:
I am now a slowpoke because I don't support Tinubu?

No. You're a slowpoke cos you're criticizing a goodnews.

Eriokanmi:
Import restrictions, now you're talking. Obi emphasized this and a good reason his economic policy will fly, especially with the single forex window.

Single forex will not make any difference.
The only difference that will happen is that instead of both the official and market price to be dying together, only the single (official) price would be dying. And it would even be faster than it is now.

Nigeria introduced two (official and black market) dollar price in the 80s. And before then Naira was still falling.

Ventura1:
But wouldn't mind if people around you are jobless? Now imagine if we have the option of getting all our needs via the method you explained, what do you think will happen?

Cost of producing garri is expensive in Nigeria, but can be imported from China. You forget that in the cause of producing locally, about 10 people around you are engaged. But you stop production because you can get it elsewhere cheaper.

Why do you think many textile industry in Nigeria closes factory? We can get it cheaper from China, and Okrika can be imported..........but thousands of direct and indirect job are lost.

Bro, I guessed you read just this my comment before quoting me. You should read my previous comment and you'd see where I'm coming from.

I'm actually on your side. I asked that question because that guy is supporting Peter Obama policy. I'm trying to tell him the harm it will cause to the economy

tctrills:
Yes anyone could make money from anything. People make billions from transport, from tomatoes, from real estate, from snails, from restaurants, from hospitality.
So just because a woman made 5 billion does not mean that our entire economy must go that way.

I gave just an example.