₦airaland Forum

vedaxcool:
[s][/s]

When I need the comments of a tribalistic disater and suckler of Osinbajo's feet, believe me I will let you know.

You don't decide who comments on any thread or post.

Osinbajo , in his current capacity, is still one finger in a leprous APC hand.
However, his vitality and broad perspective is refreshing to everyone, especially APC haters like me.

Your antiquated, cow herding thinking pattern seems averse to plurality of opinions.

You , your type and your London based heroes are vestiges of a bygone era.
The people that time forgot.

Too bad for you.

vedaxcool:
[s][/s]

Suckling Osinbajo feet. ... Did you find any milk there? God bless PMB his masterstroke has made his enemies confused praising a man they hated because of him and now adoring the same man they hate because of him. sai BABA sai Osinbajo leaders of mordern Nigeria. May God protect you both. ameen

Is there any other doubt in anyone's mind that Buhari has been a disaster ?

He came, he saw, he wrecked, he blamed, he fell.

Oasis007:
Nigeria will feel the real, POSITIVE change soon!

TBH..... Nigeria as a Country Prayers more than the President! All is all, I wish PMB and Nigeria speedy Recovery from their respective Ailments!

Lol.
Keep praying.
Nigeria might create a record as the only country , no , the only generator economy in the world to successfully pray itself out of economic depression.


Oh, by the way, what happened to all the previous megatons of prayer power generated since I was born ?
Where did all that prayer power go to, the empty sky ?

Keep praying.

hamilton62:
there isn't no rest neither will there be peace for the wicked...
He has played his Buhari almighty and now is the time for that merciful God who is also a double edged sword and a burning fire to correct the ills and vindicate the thousands of blood he has drank before and after mounting the position this time...
God is wise and can't be mocked.

I like this.

iamblisz:
all those innocent blood will forever speak against him, Jehovah will never release him.

My thoughts exactly.

Death should never come peacefully for the wicked.

knowyaself2:
The govt is just trying to remove artificial dollar scarcity, created by the activities of currency speculators, which I think is appropriate and timely. I think it's wrong to assume their action will create unsustainable artificial value of naira. Their short term policy, as I see it, is to create a level ground for market forces to interact and set the real market - determined rates for the currencies in play, while their long term policy should be to curb demand for hard currencies by improving per capita productivity and non-oil exports.

My dear friend, you speak as if you don't live in Nigeri. Since 1984, ironically, under Buhari, the Forex black market came to life as bona fide price discovery mechanism for the exchange rate of the Naira, it has always always been the real market for the real value of the Naira from a little above parity with the dollar to where it currently is today.
No amout of monetary voodooism or shenanigans will allow the Naira to defy gravity for any extended period of time.

Therefore, if you think that the government or the CBN has found a magic wand to give the Naira( backed by a generator economy) a new found and undeserved value, then you certainly setting yourself up for big disappointments in a very short time.

HAH:
I thought I was having a matured discourse with responsible person, the words you used has made me place you low, not anyone you see here is a nonentity or a teenager, you should stay in your lane and I stay In mine we belong to different worlds

No doubts, you have misunderstood my post.
My vituperations were against the government's monetary policies, not your support of it.
I apologize if you feel offended.

SpecialAdviser:
I have said it before and I will say it again and again and again.

The Yorubas really need to get more aggressive like the Igbos in demanding for a restructured Nigeria. You do not get anything tangible speaking to media demanding A or B and expecting a listening ear for a stubborn people like the North.

The northerners have used their military prowess 2ru coup and counter coup to consolidate political and military advantage in Nigeria. quite unfortunate the country has refused to work.

If Yorubas understand what they have, they will not be longing for a united Nigeria. Insulting IPOB members is simply a display of Ignorance. I have started hearing rumors on Northern moves to frustrate Osinbajo. This is the problem with Nigeria.

The only way is for Igbos and Yorubas to sue for a break up. I bet you, the North will call for a round table discussion, their best bet will be a restructured Nigeria.

You cannot sell at a good bargain if you do not place your price high. Especially when trying to sell to an sturbon aroro customer.

1000 likes

papiforreal:
Don't be naive, the real value of the naira (something called the Real Exchange Rate) is between 300-350 ₦ per $ and that's exactly why the CBN is holding out at that rate. The present rate is only down to the insidious activities of speculators and once the CBN demonstrates an ability to meet $ demand for a few weeks (which they now can as they've miraculously built up the reserves to about $29b), speculators will pack their bags and leave the Naira alone, then, we'll see the naira settle at its true rate.

Laughing out really loud

Talk about being naive.

Pls what exactly is the real value of the Naira, your so-called real exchange rate ?
From what manner of arithmetic or mathematical equations did you arrive at this value of N300-500 per $ ?

Was it decreed by imperial Fiat, legislative Fiat or administrative Fiat ?
In what economic universe do you reside or should I ask in what Voodoo school of economics are you an alumnus of ?

HAH:
the government is not matching dollar demand but just supplying it because it earns in dollars, if it matches all dollar demand then dollar can be one naira, the government is not in any way subsidizing dollars but giving it at a true rate not rate set by economic saboteurs and speculators cos as it is even if government give dollars at 500 naira they will start selling theirs for 700 because of the demand and supply mismatch.

The government has no choice but to sell dollars to banks since the government needs naira equivalent to spend for local expenses, so selling a portion of what it earns weekly to banks inorder meet its local obligation is a very welcome idea.

My only problem is the supply-demand mismatch cos as it is only the government supply fx into the market, our other exports apart from oil is not good enough to even satisfy 10% of demand, but what the government is doing is good, commendable and can be sustain as long as we sell oil in dollars

I am sorry for your naivety in thinking that it is the government's job to sustain the value of the Naira with commensurate dollar supply. Nothing could be more foolis on the part of the government, and guaranteed to always fail.

The government's job is providing and maintaining policy initiatives that stimulates local productivity and that boosts confidence im the economy and the Naira. A nation's currency is a default measure of per capita productivity, not how much dollars it can sell to banks per week.

Haven't you heard of the forces of demand and supply ?
If it was as simple as you paint it for the government to sustain the value of the Naira through forex sales, then from what they have sold over the years, the dollar and naira should be at parity.

I don't understand why some of you who should know better choose to continually cast blames on invisible speculators ?
Who are these invisible speculators that you conveniently scapegoat for ad-hoc policy failures of the government ?

First of all, there are speculators in every currency.
That's why it is call the Forex MARKET.

It is a $6tr daily market that every country and every financial institution participates in.

Now, in the case of Nigeria, the government's haphazard, flip flop, schizophrenic policies create huge GAPS that inevitably attract and invite currency arbitrage, from the street malams, the businessman, the government officials and Banks, all seeking profit and self-preservation. That is the rule of the marketplace.

HAH:
Why do we have the reserve? Is it just for fashion, a wise man will keep a percentage of his earning in his account and some to spend for his family day to day needs, this is what the FG is doing now, not everything earned is being used to match fx demand other are saved,

At $55 a barrel Nigeria earns and at production quota of 2M daily we make $110M daily from oil alone less about 40% for the JV, that will leave the nations with about $70M daily which can be split between savings and expenditure.

Nigeria earn it's money in dollars how does it spend it if not by pumping some through the banks in exchange for Naira in order to pay salaries and works.

To me the only people that are not ok with the current measure of pumping some percentage fx earning weekly are pessimist and fx speculators that want te green back to remain high in order to make supernormal profits

The government should be trying to curb fx demand, not matching it.
You can't eat your cake and still have it.

Curbing fx demand and the demand for foreign manufactured goods, and at the same time boosting exports should be the economic policy imperatives, not ad-hoc measures to match fx demand, that has ZERO long term economic value.

I support that users of forex should source their forex at market- determined prices whenever and wherever, not through wasteful government interventions, another word for dollar subsidy.

carzola:
If you have been worshiping a god
Or gods and his not done anything
Anything for you.. He is useless to you..
The guy is entitled to his opinion and he has a right to question the things happening in his life..

Absolutely.

If you're paying 10% blessings and protection money to Jesus, the Mafia or insurance company, and then when you need them most, they are missing in action, then obviously they are useless.

vedaxcool:
[s][/s]
Don't care didn't read

Lol.
What else is new ?

Not surprising, for someone who is blind, deaf , dumb as well as allergic to FACTS and simple truths.

Adisodelight22:
Yes we can,in as much the project policy of the Opec stand and the price of barrel continue increasing above our projected benchmark for 2017,its really feasible for the CBN to roll out $350M week in week out. The two major determinant that can bring about set back to this new policy is the attaining the 2.2mb/p day production and the wicked cabal hijacking the whole process.
May Allah save our nation.

But why do you reasonably think that CBN should roll out $350 per week to defend the Naira( more like SUBSIDIZING dollar purchases for a 'SELECT' group of Nigerians ) ?

For who's benefits, and at what economic costs ?
If our non-oil exports are ramping up as a result of the weak Naira, why do we want CBN to spoil that show ?

If the broad economic policy is to curb imports and boost exports, then a weaker currency is imperative, a sin qua non.
That's economics 101.

Ad-hocism , and the woeful inability to think long term is what kills this country.

sholatech:
I think CBN should have waited till Reserves are up to 36/38 Billion USD before they struck.

Unmet demand is at least 2bn USD. Within one week, Cbn brought out 530 million USD from Reserves to defend the currency. More or less subsidising foreign Travels & foreign education. And some 'Forwards'. And you see, the banks were not even liquid enough to take all that the Cbn offered.

Last week, most people did panicked sales. Now, demand is picking up. Where you have 2bn USD demand & 530m USD supply, what happens?

It is quite stupid for the CBN to be defending the Naira with our foreign currency reserves. No matter seemingly affective it appears at this particular time, the measures are ad-hoc and the reprieve temporary.

For how long will the CBN continue to do this? With what unlimited funds, and most importantly, for whose ultimate benefits ?
For example, with 5 different exchange rates, who benefits from these periodic CBN dollar subsidies ?

Certainly not the average Nigerian by any stretch.

With the weak Naira, Nigeria's balance of trade has reportedly improved, with non- oil exports leading the way.
This export momentum is exactly what Nigeria needs desperately to sustain.

This government seems to be operating a schizophrenic economic and monetary policies, where one is working against the other.

The government , no, the Nigerian public should have no obligation to subsidize any foreign exchange based business or lifestyle for anyone or group.
Your needs should match your means.

Misterdhee1:
The problem has never been Buhari. Osibanjo has always been more active than Buhari right from start. If I can remember, he was nicknamed 'messenger' before now. But now I guess he is no longer a Messenger abi? Most of your ilks that hate Buhari do so based on sentimental grounds. Some because he is a Muslim, others because he is a Northerner. In fact, some are still yet to receive the 2015 defeat in good heart. I bet many of you Jonathan's apologists wouldn't have equally loved Sambo being a president. Simply because he is a Northerner Muslim. The tribal and religious hate is real in Nigeria. ...

My friend, being Northerner and Muslim is NOT an impediment to good leadership skills, unless that is the basis of your argument. It isn't mine.
There have been great Northern Muslims who have excelled in leadership, like Marwa, Ribadu and many many others.

That Buhari is a monumental 'F' in leadership is self evident, not just my opinion.

Now, if YOU think that Osinbajo outshines Buhari only because he is a southern Christian, then it means that you still don't get it.

For one, Osinbajo is a thousand times more educated and enlightened than Buhari. That alone is enough.

Misterdhee1:
The problem has never been Buhari. Osibanjo has always been more active than Buhari right from start. If I can remember, he was nicknamed 'messenger' before now. But now I guess he is no longer a Messenger abi? Most of your ilks that hate Buhari do so based on sentimental grounds. Some because he is a Muslim, others because he is a Northerner. In fact, some are still yet to receive the 2015 defeat in good heart. I bet many of you Jonathan's apologists wouldn't have equally loved Sambo being a president. Simply because he is a Northerner Muslim. The tribal and religious hate is real in Nigeria. ...

My friend, being Northerner and Muslim is NOT an impediment to good leadership skills, unless that is the basis of your argument. It isn't mine.
There have been great Northern Muslims who have excelled in leadership, like Marwa, Ribadu and many many more.

That Buhari is a monumental 'F' in leadership is self evident, not just my opinion.

Now, if YOU think that Osinbajo outshines Buhari only because he is a southern Christian, then it means that you still don't get it.

For one, Osinbajo is a thousand times more educated and enlightened than Buhari. That alone is enough.

Super1Star:
Haters and wailers that were calling PYO names then are now drooling over him. When we told them then that they lack foresight they were throwing tantrums like spoilt brats

Funny enough, Osinbajo neither employs nor needs an army of paid E-zombies to whitewash or image launder him on and offline.
In just a month, he has steadfastly endeared himself to the hearts of millions of Nigerians, especially those of us disgusted with the idiotic leadership of Buhari.

That previous bashers of Buhari and APC are now praising Osinbajo ought to tell you that we are actually more objective and patriotic in our harsh criticism of Buhari than you are in defending his pathetic leadership and administrative shortcomings.

It's funny that it takes just one month of Osinbajo to show us how really useless Buhari has been in the last 2 yrs.

Right now, there is no compelling reason for Buhari to come back, and I know that I am echoing the sentiments of the majority of the Nigerian people.

thinkdip:
Your level of foolisness can't be measured.

You took the words right out of my mind.

la1:
obfuscation of facts...you try to be clever by half when you highlight only the effects and leave out the cause of how we landed in this mess to begin with... the stats you listed although true,.is presented in such a way as to deny the fact that the horse had since bolted from the stables and the current admin is basically on a rescue/recovery mission...only those who started watching the movie halfway in would be moved by your play here... the rest of us know better.

Lol@ rescue mission.

More like seek and destroy mission.

Rescue mission must have the opposite meaning in your alternate universe.

AfonjaGuy:
All The Curses from poor Nigerians are after him. he said he want to be a President by fire by force or Baboon soak in Blood, why is he running away from his Presidential aso rock seat he never see any thing yet, he looks like skeleton inside dat his one cloth he always wore . he should better come back home and resume his duty weather he's suffering from Kwashakor or Ear disease

Don't mind him.

I just wonder why any good person would be wishing him well.
Is his life more valuable than the lives of the youth corpers murdered in 2011 during the Buhari-inspired riots after Nigerians rejected him for the 3rd time , or the over 150 young protesters brutally murdered on Buhari's orders in the last years ?

Everyone has a date with mortality, but some will wait for their inevitable mortality with the burden of an evil conscience.

sekundosekundo:
Aisha disagrees with you that there are no cabals in BUBU's govnt.

And Aisha should definitely know better than a paid online image launderers.

Now I know that FfK is really dumb.

Mujtahida:
It's really weird that man worships a being who does not speak audibly to him even though this being is said to have all the power, wisdom and is everywhere present. How can an intimate heartfelt relationship be through a book?

Religion is a psychological mystery.

calculator123:
Even when you know the so called imaginary being can save you?.Guy face ur fears........ .

Lol.
If an IMAGINARY being can save me , then I gladly choose either the ToothFairy or Santa Claus.
Imaginary middle East gods don't do sh.it for the believers.
Just look at Nigeria.
The amount of prayers and supplications to middle East imaginary gods are directly proportional to the amount of chaos present in the system.

jaymejate:
I love this...

But i also believe you can't be Spiritually empty. Something must take charge of you.
If you ain't doing God, no matter how you try to remain alone, you'll surely be invited by the antonym (Devil)

Lol.

I guess MENTAL SOVEREIGNTY is taboo in your universe.

calculator123:
suppose your only child is about to die,knowing fully well that ur manhood can't work again? what would do?

Do what any rational human being would do.
Give comfort to a dying child, deal with pain.
Now, if a deal with the imaginary devil would restore the child's life, of course I make that deal ASAP.

calculator123:
what do you do in a humanly helpless situation?

Simply obey the immutable laws of cause and effect.
No Jesus, no hail Marys about it.

It is actually quite ignorant, silly and self-centeredness to expect the laws of cause and effect to make exceptions for you because you shout the name of a mythical dead Jew.

calculator123:
You prayed out of doubt so you shouldn't expect an answer

Lol.
Prayed to whom ?
If god exists , isn't prayer redundant ?
Prayer is only useful( or useless) for people who have imaginary relationships with imaginary beings.

achieverme:
He is trying to tell you that it is better to be an unbeliever than pretend to be a Christian

Duuuhhhh !
That's the title of the thread.

calculator123:
You don't put God to test.if he grants the request of healing the sick.what would you d0?

Lol.
I put God to the test all the time.
He fails 100℅ of the time.
Even the ToothFairy and Santa Claus do better than God.

And there is very reason for that. You see, God is a product of the human mind.