ufotunang:
.... federal government so far has spent 10 trillion naira to restore and bring them back...but cannot bring the refineries back till now with 10 trillion naira spent so far... because of corruption and government officials diverting some of the 10 trillion naira to their bank accounts to enrich themselves...so the more money is pumped into the refinery by federal government the more the government officials will divert the money to their bank accounts and enrich themselves

Port Harcourt and warri refinery are under rehabilitation

Allow him rest..you expect someone to play politics all his life

If they are sold there is no guarantee that the buyer will bring them back to life.. remember ajaokuta.

It is government responsibility to restore them back


https://www.youtube.com/watch?v=TKfJULWC02E

Hmm.. we want to hear more of obliterate and kill terrorist rather than neutralise..

Anyways..this are the top 10 automotive companies in africa


https://www.youtube.com/watch?v=TKfJULWC02E

Nice,
Let it cover indigenous African cars like the list below


https://www.youtube.com/watch?v=TKfJULWC02E

Hope is more an illusion..
One must work and plan appropriately to achieve anything

It sends a bad signal or reputation..
I don't like it
..

Yobabad:
Monopoly is never good in business, the license of Ibeto cement should be restored back to him

Ibeto doesn't produce cement..he imports and rebag... Nigeria is self sufficient and doesn't need to import any more

The rest of the companies retaining licenses produces cement locally

Redmi note 12 or the Redmi 12

Dope


https://www.youtube.com/watch?v=TKfJULWC02E

Stop scoping fuel!! from a fallen tanker


https://www.youtube.com/watch?v=TKfJULWC02E

https://www.youtube.com/watch?v=qrn75NrBOcA

Despite the overthrowing of the democratic system of government in Niger republic which brought the full opposition of ECOWAS countries including Nigeria. The FG is not backing down of a major rail link that aims to Bridge both nations for transportation and commerce.

The Kano - Maradi rail line

Poleski:
Dangote is a crooked monopoly shark. He will never reduce the price of his overpriced cement. He would rather increase it.

If you think his new refinery will reduce fuel prices when it starts production, think again.

Lol..but it never promised..it only promised end of importation and scarcity..
If government doesn't pay him subsidy..he will sell at international rate..

ottersberger:



You obviously are unable to make yourself heard on a public forum without putting your poor parental upbringing on display. This is obviously not Tinubu's fault, even if he probably also lacked proper upbringing himself.

You need to get a life Son ...all your comment are always without cognitive reasoning..
Unnecessary hatred and bigotry will rot your brain real soon..

It's funny how, People will choose to play dumb even in clear cases only to satisfy their hatred and foolishness..

You could have just keep scrolling if you really weren't happy about BUA... than to dig up rubbish to back your self inflicted headache..

The last license for cement import was issued during Obasanjo tenure .. it only takes on Google search to confirm and Nigeria will not go down that route again to import ..

Aside the new lines coming from BUA.. there is a new cement plant under construction in Kogi plus a planned site for a new cement in Ogun by Dangote.. the big players will continue to build plants to meet demands..

If you are pained ..produce 30bn and approach the govt for approval to build your own plant..

ottersberger:
Rubbish!.

These thieves have been fleecing everybody and their gate man under the protection of Buhari, their kinsman. Now, it appears their monopoly was about to be broken by granting import permission to more merchants. That is what we are seeing.

The Chagoury's are about to enter the cement business. All they are doing now is to ward off likely competition.

Be deceiving yourself.. Nigeria can never grant license to import cement..with which dollars...did anybody tell you there is a supply problem?

If Chagoury enter cement business.. it can never be to import..

MrTuns:
Entry Level / Fresh Graduate - Anything less than 200k is slavery
Mid Level - Anything less than 350k, be in the job market and look for better offers
Senior - If you are a senior person in your career, anything less than 500k is slavery. Rethink your options.

People are earning N2M and above monthly with less than 10 years experience. Its all about gaining skills, certifications and experience in the right companies.

The best industries to work are Banking, BIG 4, Oil and Gas and Telecommunications. Forget Tech, unless you have years of experience, entry level pay is peanuts.

How is banking amongst the best

Curse777:
350 to 500

What Police pay

Their pays have been increased beyond this..
A corporal earns atleast 70k, an inspector earns about 170k

Good news


https://www.youtube.com/watch?v=TKfJULWC02E

Here is another one


https://www.youtube.com/watch?v=qrn75NrBOcA

Hmm..
It is well..
Check out this

https://www.youtube.com/watch?v=TKfJULWC02E

ufotunang:
Vote for a man like Peter obi that has feelings and conscience for the poor and common man ...but you did not want to vote for him...you can now see the renewed hope you voted for... nigerians shine your eyes and do not allow this deceptive politicians to deceive you people again

When you visit major cities in developing countries..do you see okada littering everywhere.. or they don't have poor people there?.. do you see cows in moving on major highways or eating grasses in their parliament building like it happened during buhari time...

You folks should stop acting like this
Because they are poor they should constitute nuisance...let them go to places where bikes are not prohibited and do their business..

They were warned before but won't listen..when the repercussions come..they will come and cry victim

Fearyourcreator:
Nigerians too like dey complain over something that's bad... here some came late to work some still supporting them .. Sanwo sent some away from railway line some still supporting make them stay ... why are we like this In this country and we want a change for better .... don't understand why we can't just endure something that will be advantageous to the masses at the end .. complain complain complain... nawa ooo... stop driving bike for express complain na still complain ..

We are simply confused..
Nigerians don't know what they want..

jaxxy:


u don't lock people out for coming late. Who is he? is it his father's private business?

yes they are wrong for coming late bt he is also wrong.. This is not his state where he flogs workers.

you must be among them to say such rubbish.. must it be his father's business..
the facts that he heads the ministry gives him 100% right to enforce rules..

the audacity to come late and still have to guts to claim right is just insane... if it is your own father's business..will you accept such rubbish...
see multitude ..they should have gone home simply..but chose to protest on top their fault.. Nigerians sef

Now you have the chance to change that

https://www.youtube.com/watch?v=EvizLZBJh5g

NotMagicBishop:


Ohu, only a dead brain biafran cannibal will reason that Emefile was not the cause of all our current woes.

Go and take your medicine bro .
Peace

LikeAking:


We can’t escape the dollar for now, but we can reduce its demand in Nigeria…

By solving the problem directly and not through jargon solutions.. Like we must tighten our monetary policy.. Does that solution sound legit to you..

It’s one of the big grammars they use to decive people…

Ask them what that stupid policy mean..

That's it...there is no policy..

The solution is simply...

Provide local substitute for what we imports..it means we need more industries , factories..more Dangote that will look at a sector in the economy that is entirely dependent on imports like cement years ago and build Industry to reverse it...I don't care weather he is given monopoly or not ..that is not the issue... it's better one man has the monopoly but it is produce locally..than to be importing the same thing from several companies abroad with scarce forex

NotMagicBishop:


Thank God you now realize that his naira redesign was a gimmick to mop up all that excess liquidity.

Isn't this what I was saying as early as November 2022 when the idiot suddenly announced his currency redesign ?

The idiot bastardised the naira and was attempting to cover it up and you some how see that as a good thing ?

Fools everywhere for that una biafra

If you can't reason outside bigotry and tribalism them you must be the fool..no one brought Biafra into this

LikeAking:


That’s not the point he is trying to pass..

Although his strategy is too harsh and will have many consequences..

Investors will flee..

And monopoly will be the other of the day..

There is no point in the first place..he is trying to say..we should carryout our transactions in naira including foreign ones which is impossible..

The global economy is dollarized (USD).. you can't escape it...the only country that has done that is Russia and it's because they have something to offer the world that if they hold back..we are all doom so it made sense for people to begin sourcing Russia currency to buy their products (gas)..

Remind me anything Nigeria has to offer

Same here

https://www.youtube.com/watch?v=EvizLZBJh5g

Datedoboy:
I had mentioned it in my previous post that it will get to NGN1,000 per Usd if drastic measures are not taken.

Again, I am saying it here that it will get to 2,000 before 2025 if we don't take these drastic measures.

These measures will make the Naira appreciate to at most NGN500 to a dollar in the short term and in the long term, NGN100

What are these measures? I will explain further but note that this is not about Exports.
Even if we export more than China today, the NGN will still decline further. How do i know this?

If you do your research, you will discover that Nigeria as at 2023, exported and earned more FX more than several countries and yet the currencies of these countries are stronger than the Naira.

So don't let anyone sell the idea that our economy is import dependent that is why our currency is falling. Even if we ban all imports and continue with (or increase) our current export, the Naira won't appreciate

A simple question you can answer is, when we banned rice importation, did our currency stop falling? No !!! So sit back as we take a dive to 4 policies which WILL make the Naira appreciate.

1. All domiciliary accounts must be closed.
Can a Canadian or US bank open Naira account for you? No! So why do we open Dom. Accounts for our citizens ? Now you may say what of imports? How do we pay for our goods in foreign currencies?

The answer is simple. Credit your account in Naira while your bank pays the USD or GBP equivalent on your behalf at official rate determined by CBN

2. Ban deposits and withdrawals in foreign currencies and convert all inflows including export proceeds in foreign currencies to Naira (again at official rate determined by CBN).

You don't need to stop people who sell at black market or hoard the USD. Let those who hoard the dollar keep it but once they know that after a said date, you can't deposit or hold your physical dollar, they will be forced to go to the bank to deposit it. Anyone found with physical hard currencies after the deadline, must be arrested

This policy alone will make the NGN appreciate to maximum of NGN600 after first two weeks of implementation and will mop up hidden/excess dollar in the system.

This policy will also discourage buying usd from the black market because there won't be any physical dollar to buy.

3. Increase interest rate for fixed Naira deposits to a minimum of 10%. This will encourage saving in Nigeria. Let a Naira 4 Naira scheme, replace the previous Naira 4 dollar scheme.

4. Increase interest rates on foreign currency deposits to 40% of principal amount if option 1 is not possible and convert all inflows to NGN without the option of collecting foreign currencies at the counter. You can't spend USD or GBP in Nigeria so why do you want to collect your inflows in foreign currencies?
This policy indirectly stops the black market arbitrage.

As the Government has floated the Naira, if these measures are not put in place, NGN2,000 to a dollar won't be surprising to me.

I am just a concerned Nigerian and i am open to constructive criticism.

Lol...I stopped reading at no. 1

May I ask..if I deposit my account and what to pay a service in dollars..where does the bank want to get the dollars to pay on my behalf..


You talked about government banning rice which had little effects...

Have you checked the top 10 commodities we import that drys up our reserve..

Are you aware we don't even spend up to 10% of our reserves on rice..so how do you expect a substantial effect..

We spend at least 45% of our foreign exchange to import refined petroleum products... End that completely and see that the pressure will reduce drastically..


Dollar is the global means of exchange..no body will accept naira for anything..
Even the Chinese do many of their foreign trade in dollars

loswhite:
This is the problem of Nigeria. My case will be different no matter the hardship...lol this is what we pray for everytime...Evil prayers. There is nothing to be happy about a falling naira even though you earn in dollars.

More wisdom boss