₦airaland Forum

https://www.youtube.com/watch?v=jeLnro-Xw6E

In a significant move aimed at improving Nigeria’s defense capabilities, the United States Department of Defense has confirmed the sale of arms valued at $1 billion to Nigeria. This include 12 AH-1z attack helicopters.

This collaboration between the United States and Nigeria in strengthening defense capabilities reflects a shared commitment to enhancing regional security and countering transnational threats.

This is where the problem will start

https://www.youtube.com/watch?v=jeLnro-Xw6E

Helps us beg them oo


https://www.youtube.com/watch?v=jeLnro-Xw6E

Let the right thing be done from both ends..

The government should also consider the Tinubu effect
Meanwhile 👇


https://www.youtube.com/watch?v=jeLnro-Xw6E

Soludo!;


https://www.youtube.com/watch?v=jeLnro-Xw6E

tunjilana:
That is like using the wrong medicine...

Importing will kill the sector and kill jobs...

Got should encourage more people who want to set up cement factories or better still nationalise the sector

Lol..
Who will come and set up cement plant with N1700 to a dollar..
Diesel over 1k per litre.. no light..

And expect to sell for 5k

Dey play

Nothing will
Change


https://www.youtube.com/watch?v=jeLnro-Xw6E

https://www.youtube.com/watch?v=jeLnro-Xw6E

In a significant move aimed at improving Nigeria’s defense capabilities, the United States Department of Defense has confirmed the sale of arms valued at $1 billion to Nigeria. This include 12 AH-1z attack helicopters.

This collaboration between the United States and Nigeria in strengthening defense capabilities reflects a shared commitment to enhancing regional security and countering transnational threats.

Lol

Bulaba


https://www.youtube.com/watch?v=jeLnro-Xw6E

charlsecy:
These cannot explain the over 100% rise in the price. Even the prices of most imported goods have not doubled.

Sure.. it can't but it contributes..

This time I would like BUA chairman, Abdulsalam Rabiu to explain cuz after all his wailing and deceit of selling a bag for N3500..his price are currently higher than Dangote

Fiscus105:
It would still cheaper than 15k, meanwhile nothing stop govt to reduce exercise duty on it to the minimum

I hear you boss

Fiscus105:
I think it's high time they open borders for cement and crash all this nonsense.



It's better for Bua and Dangote cement Companies to close down, than for majority of Nigerians to suffocate.

Dey play


The foreign ones will be more expensive..

Have you forgotten dollar is 1650.
What about custom duties??

History555:
All the raw materials for cement is in Nigeria yet dangote and bua are acting like dollars is affecting cement

Lol

Diesel price..
Cost of maintaining their machines and plant
Cost of gas to power their plants..are you aware gas companies sell in dollars in Nigeria?

RepoMan007:
nothing satisfies hateful creatures.
Before the floating, the widespread opinion was that currencies excnanve rates be collapses or floated. It has been floated and now you are making a 180° degree turn.

You must be high on something..

Did I tell I was amongst those who supported floating of naira..

I only supported subsidy removal if the proceeds will be used for something meaningful..every candidate for the last election supported it..

Aside Bulaba...not Obi or Atiku promised or made plans to float naira..

Now the idiots in power left subsidy they promised and wailed for...and chose to devalue the naira..

A305:
These policies didn't work as dollar rebounded this morning and is currently trading above 1600 this morning.

The mistake done was undoing Emiefele's policy of floating the naira against the dollar — Naira could have lost value either ways but not with this sharp increase, it wouldn't even have reached 1000 dollars.

The government should first reinstate pegging the dollar and all these other new policies will stick to curbing naira decline.

We will continue to suffer it...

Now subsidy is back and at higher figures than previous administration..

Bulaba should have kept dollar the way it was and just remove the subsidy he was dying... That way..
The exchange rate will still allow NNPC remit alot more ..the only thing that will be affected is transport cost..

But the bastard decided to touch the Forex rates which affects every commodity down to toothpick..

Very useless man

One of the highly favoured Nigerian..others includes Dangote, Tony Elumelu and Folorunsho Alakija


https://www.youtube.com/watch?v=pI6O5l18PF8

Belial06:
Are you done?

Yes..

Now Run along

Earthquakes:
I like what Tinubu is doing with northerners that think they own Nigeria.

The only problem is that it will not affect the common man and also increase the gridlock already facing in Lagos now as workers will move from Abuja to Lagos and new ones will be employed.
But I like it!

E no pass 30 then go employ..

Chasing shadow

Belial06:
You do not know anything. Never underestimate a silent man. That was the mistake woke made before he won't make again. You see this fubara you are calling mumu is 100 times more dangerous than any one there because he is silent

Never underestimate the gentility of a tiger

Abeg rest...

Dangerous ko..

Fubara will not last beyond 4 years..the state assembly is literally under wike's control..

There are many other candidates out there.. fubara will be replaced next election..
Ask ambode

ivandragon:
No progress can be made without holding those responsible for the rot to account.

They would just find another way to frustrate the system.

Until people are held to account, no progress can be made and any action to tackle the problem using a cowardly approach will only increase the burden on the masses.

As for the specific issue of subsidy on PMS, the underlying problem of what makes it unsustainable should first be sorted out.

It is unsustainable because its cost keeps increasing

ivandragon:
Bat is simply being a coward and uninterested/ has no sincere plan in developing nigeria.

Rather than face the issues that have made subsidy unsustainable, he choose the cowardly route by leaving the masses to the hyenas.

Tackle the foundational issues that make subsidy unsustainable as well as the dubious dealings in fx transactions before taking actions that further impoverish the masses.

Lol..what do you want to tackle..

You tackle dubious FX dealings by closing the gap between official and black market rate... anything else is a mirage..

The same thing goes to subsidy..

What bulaba should have done is maintain the subsidy on FX but remove the one on fuel..
That way the money they save can be investigated into something else like maybe refinery or increase oil production

PoliteActivist:
*Politeness*
It will bring in people and investments.
Don't you see US always accusing China of intentionally devaluing their currency?
Example, if Togo devalues their currency you'd be going there to buy stuff and vacations, but if they inflate their currency you won't go

So how many don enter naija to buys stuffs and do vacations

ify2016:
Heat in Lagos most especially in the afternoon is something else.

Came from my office to the next office building , my body don turned to water.

Climate change is doing us strong thing.

We need prayers in this country.

By the way ,how do we check the status of the climate on our phones?

Climate change.. and your solution is prayers..

God please..after rapture takes place..

When next you want to create another earth.. don't include black people!

Rubbish....very heartless cousin..


What do you want to do with the verified Information..

You know how some students suffer?
Now wet Tinubu don do pro max version of buhari

Inflated or not...
Give him the money plus extra..

Abi you wan make e go thief ..

blueAgent:
Stop talking like a illiterate.

Companies make massive profit , as well as losses.

Have you ever , heard of a wild cat well?

Exactly.. MASSIVE PROFITS as well as losses

At the end of the day it's still profit..read before you comment ignorantly..

If there are more massive profits than loss..then it is still profits over all

I am not sure they will agree


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

tctrills:
Oil is not always profitable. You are very ignorant.
But to educate you, I will just give you a link.
https://www.google.com/amp/s/www.forbes.com/sites/rrapier/2022/04/24/if-oil-companies-control-prices-why-do-they-ever-lose-money/amp/
Please take the pains to do some research before coming online to disgrace yourself and those who paid for your education.

You are the highly ignorant one..

Go and check the profits declared by these companies and how their stock rises

The only time they had issues was in 2015/2016 where oil prices fell below the production cost..but that didn't last long and..
The years of profits were able to make up for the losses..


Do you think it has taken Exxon mobile and Aramco a century to reach the height they are in..

Even Folorunsho..a tailor.. immediately she was given an oil block in Agbami..became the richest woman in the Africa..
Someone that was just sowing clothes..

With her oil money she has built two towers in Lagos using Julius Berger..

Who was Arthur Eze before he got his block..

Dey whine yourself there

tctrills:
You just gave a picture of a lawless and badly managed country. If any other country has the kind of leaders we have in Nigeria, you would get the same outcomes. Don't blame the people, all blame go to the leaders.
I bet you, not up to 5% of the people of Niger delta are involved in oil theft. But I am certain that most of our leaders are criminals.

Exactly... don't blame the people..blame leaders.


As if the leaders are not the same as the people..

Imagine a king asking for settlement..
Do you think, even your kind will not do such if you get to their seat..

Small organisation...go and see how Nigerians behave..tell me how they are different from leaders..

Nigerians are just terrible people..not government

IrawoKross:
As terrible as Major Gen. M. Buhari administration is, did you read of multinational companies leaving Nigeria like the way they're doing now in Tinubu's disastrous administration which is just 9months old? Who wants to continue business operations when the economic team of the present administration only knows how to blame past administration and give excuses?

When GEJ was in Power, Nigeria was ranked number one economy hub in Africa, beating the ever flourishing South Africa.

So Mr clownish explainer, kindly sit this one out.

If not because of you feeling inferior..

You should be happy they are leaving..

How do you derive joy in foreigners eating from your own resources...how dumb..

They didn't say..they are shutdown..they are selling.. meaning another company.. hopefully indigenous will buy and run it..

A Nigerian consortium is buying shell onshore facilities..one of the investors is Walter Smith..they have a refinery in imo..

These are the only ones that will continue to invest in Nigeria..

Lafarge was the first cement plant in Nigeria.. despite make billions..they refused to reinvest it.. instead they took everything abroad .. it took Dangote and Bua to come into and invest constantly till they beat Lafarge..

Mumu people will come and shout monopoly.. nonsense

tctrills:
You take like a child. The only reason the French want out is because business is no longer profitable. Mind you, Totalenergies continue to operate in countries with tougher environmental laws than Nigeria.
For businesses, it only boils down to profit. You should be asking, what is making the Nigerian business environment unprofitable and not trying to defend the indefensible.

You just made a senseless point..

Oil anywhere is highly profitable..

If there is anything driving them away ..it is the bunkery and sabotage by militants..

Government doesn't tamper with their revenue in fact they are completely immune to any economic issues of Nigeria as they sell their crude to the international market only in USD..

The fairly high oil prices guarantees their profits..


They are even the ones who cheat the government by reporting low sales to loot what suppose to go to the government account..

They are all running to offshore where supervision is less and militants can't near them.
Meanwhile