₦airaland Forum

I hope the man comes with the interest of investing in the economy.

Bayo should know when, how and whom to sly. This is shallow.

Let me just laugh this off.

Ain't surprised. Majority see the ministry as an opportunity to enrich themselves.

That guy should have stated in clear term that the new 2.5km laying of asphalt is a conclusion of a total 27km reconstructed. He unwittingly portrayed the state governor in bad light.

SoNature:
Stop being emotional; nobody is nobody's enemy. If you don't understand something you ask questions before you conclude.

Here's the logical explanation...

Let's say I normally buy an article for #5, and sell it at #6 to make a profit of #1.

Later, my supplier tells me that the new price is now #8. I must increase my price to #9.

Why....
If I don't do that, I won't have enough money to restock the products when the current ones finish.

That's because the current selling price from where I usually buy it is higher than both my selling price and profit.

In other words, for selling at #9, I am still making a profit of #1. But those who don't understand the business logic will think I am cheating them. If I don't increase my price, I will run out of business.

I hope you understand this....

@Martineverest

WRONG analysis. The situation you analysed showed greed and insincerity. NOW, I got a container of indomie （for instance） at #1 per piece in each carton. I initially aspire to sell at #1.1 per piece but two days later （with majority of my stock still in store）, hike occur in dollars value and so speculation abound that the manufacturing company is now poise to sell at （to use your profit margin） #1.4/piece, so I now reacted by selling at #1.5/piece in line with the new reality. What you fail to understand is by the time I finish up sales （which may amount to around 3/4 of my whole purchase）I have gotten a massive 37.5% capital increment. Of course, I have to buy new stock at #1.4 now and the old process occured by the time I could offset 1/4 of my stock. Another #0.4 increment means I sell at #1.9 now hence by the time I sellout the entire purchase, I have another 37.5% capital increment. Mind you, I still maintainmy gain ratio all along without hassle. The moment the process happen again, I get 100% capital increase without losing a dime in profits.
IN order not to waste time, and in some cases we might be having the peak while the capital might have developed 300% in rate even though the purchasing power still remains the same, hence you can see that in all these scenarios/analysis my capital base is proportional to the value of purchase it grant me. I might've started with #500 but now have #1500 as in order to maintain the same value in capital base, I have to set my prices in relation to the new hike. The #1500 is just monetary increament but the value remains same as it can only get me A CONTAINER OF THE PRODUCT YET. Of course, that's smart business move （so I guess we're on the same page here）. But where we differ is when law of diminishing return sets in after the peak. If I'm honest, things should reflect immediately too. This is exactly the way things should be: say, if naira start gaining, the piece that already peaked at #1.9 and is now selling for #1.7, all I, as retailer can do is adjust the profit margin a little （say from #0.1 to #0.15）to cushion the shock hence I would now be selling at #1.85 instead of #2.0. Further improvement in naira means further adjustment in both profit margin and selling price. And if along the line inflation sets in again, then the price can go up again while the profit margin return back to the initial figure （i.e #0.1）. What the market is doing now is unfair. The dollars has crashed by almost 50% of the recent hike but prices remains the same. In some cases, some items prices are still further inflated, all claiming to still have old stocks. If by chance another naira crash happens tomorrow （God forbid）, the prices get hiked again not considering it had never been adjusted to the realities of the old gain.
What the market is hereby doing is a conflict of value. During the dollars hike, the capital base was subjected to the money power. The capital used in buying a container-load of the item must be adjusted to still be able to purchase such. But in the second reality when naira gains, the mentality changed and the value of the capital is now being subjected to the last amount （denomination）used in getting the items at the last purchase. Instead of thinking of maintaining a container order they started with in addition to their steady profit margin, they merely see opportunity to buy two or more containers （having more money now）, leveraging on the sudden change.
RICE WAS AROUND #65000 when dollars was at the rate we returned back to now. if it's being sold for something just under #70000 they're not losing, the amount in bank would surely reduce in no time but the purchasing power would still be able to get the retailer more than the one container he starts with while he makes a new purchase/order.

Hmmmmm!

They've forever condemned themselves to the dark hole, never to walk freely again.

For the first time, Rufai Oseni is making huge sense

Hopefully to the benefits of NIGERIANS.

SoNature:
People need to offload their old stocks purchased at high prices before new prices can reflect. I hope this gain of naira is sustainable.

BUT point is they don't wait to offload their old stocks before increasing prices whenever dollars gain. Buy something in the morning and before afternoon, price increment had happened and by the time night comes around, another increment. They simply tell you dollars keep rising and so prices must reflect the economic inflation. When things improve, one expects quick change too but trust the market, they proclaim that it takes months before it can reflect.

WE are our own worst enemies. Each individual just take advantage of every situation to profit him/herself at the detriments of his/er poor fellowmen.

Another !d!0t proclaiming n0nsense.

Good. Anything to make the economy better is welcomed by me.
GOD BLESS NIGERIA
WE RISE!

Good. Anything to make the economy better is welcomed by me.
GOD BLESS NIGERIA
WE RISE!

This seems like a comic episode from the nollywood. Damn! So, the people would rather vent their anger on businesses rather than the state government for the neglect. And what's noise pollution from airport？ Seems, one learns everyday.

That's good encouragement and motivation. God rest the souls of those soldiers.

Nigeria is a unique case. He would readjust his focus and the Asiwaju I know will not back down. He will get it done irrespective of how long it takes.

Monitoring the process albeit nonchallantly.

Cool piece. Only the daft,won't be optimistic about the CBN policies and the development around the rejuvenated economy. At least, some reasonable enterprenuers are now becoming happy they gave Asiwaju a chance. It hasn't been smooth sailing but some light is now appearing at the end of the tunnel.

GOD BLESS NIGERIA

WE RISE!

LP just shot themselves in the foot with this re-election of Abure. That guy is a big stain on the party.

Good gesture from the African richest man.
GOD BLESS US ALL
WE RISE!

EXACTLY!!!

chiagozien:
Last Endsars protest.


It was in south west that a police officer was killed, roosted and eat by yoruba youths.

We saw the video here.

We always see news of youths attacking and killing custom officers in south west.


You guys are just hypocrites, when security men are killed in North or West,it means nothing to you people.



Below was done in west too.

You're the hypocrite here. ENDSARS was a nationwide movement against FSARS brutally and whilst it got so tense in Lagos especially, the movement cum protest had many participants from different ethnic groups （even in Lagos state） except those from the core north. The protest had already had attacks and killings of police officers in the eastern and niger deltan regions before it reaches Lagos, the epicenter. And the violence in Lagos was planned by political actors projecting and/or attracting public anger through the infamous LEKKI TOLL GATE incident with target also including the OBA of Lagos by aggrieved non-Yorubas. And need I tell you how it （the situation） was arrested？ In just two days of violence, the Yoruba elders saw the trajectory the already hijacked protest had taken and called all the Yoruba voices behind it to order. TO BUTTRESS MY POINT FURTHER, whilst the violence started and curfew was declared, the western indigentes obliged but NOT THE DJ SWITCH and co whom masterminded the violence through the fake LEKKI report. That's why no YORUBA could point at a lost relative at LEKKI and that's why the loudest voices promoting the fake LEKKI MASSACRE are those accross the niger. And many of the attacks, be it on properties and individuals, are centred around KANU's call for destruction and percieved enemies/antagonists of the people across the niger. AND WHAT'S MORE？ NO ONE KILLED AN ARMY OFFICER WHO CAME IN TO STOP THE VIOLENCE.

ABOUT the YORUBA AGITATORS, no officer was killed and they （law breakers）were duly arrested to face the law. They were identified and prosecuted in both instances you cited. AGAIN THE YORUBAs don't engage in senseless endeavours. In the two examples cited, the situation were quickly arrested before they escalated beyond control.
ISESE and MOSLEMs had issues with themselves in Ilorin. How many were killed of the authorities who delved in to mediate？ Do they turn it to civil war？

That's the African mentality: they have little/no regards for the collective good but their individual monetary benefits.

Guess they're planning to hurt their chances at the next presidential poll even more. Someone is ill-advising them.

Okay, well recieved. We'll send our greetings through SM without any penny expended.

Another discovery. I hope somebody ain't feeling witchhunted.

This guy enjoys too much priviledge. He may be connected to terrorism for all its worth.

Imagine the audacity! Soonest, you guys go know your worth.

chiagozien:
They're your military when it happens in south south or east.
But north or south west they're not.



For every innocent person they killed, they will meet their kind again.

Wouldn't have commented until this. Lecture me, when had the SOUTH WESTERNERS engaged and killed a military personel let alone an army of such officers？You can accuse the Yoruba of anything but not senseless action capable of greater and more disastrous reprisal. Yoruba don't start a w@r they have no clear-cut chance of winning. We're not that foolish. We're not your typical example of “penny wise, pound foolish” like those !d!ots who killed those soldiers only to forfeit the same land they were trying to defend, with almost the entire community now deserted AND THEY THEMSELVES CONDEMNED TO BE ON THE RUN FOR LIFE （IF THE LAW DOESN'T CATCH UP WITH THEM SOONER）.

Bago seems to be serious with governance in Niger state. I hope he succeeds for the sake of the people of the state.

Good initiative.
GOD BLESS PRESIDENT BOLA TINUBU （GCFR）
GOD BLESS NIGERIA
GOD BLESS ALL SOUTH WEST STATES OF NIGERIA
GOD BLESS ALL PATRIOTIC NIGERIANS TOO
WE RISE!