AsomStructures: Omo!! This govt. is seriously out for Emfiele. Meanwhile Buhari and his cohorts are walking freely. Is this not playing?
Nothing like playing ..
Emiefele was the biggest obstacle to Tinubu's ambition..
He held the naira to fustrate any vote buying..the easiest way Tinubu could use to secure this presidency...sadly it failed...now they want to make sure he pays dearly..
Did Emiefele loot reach abacha?.. Even Hush mummy who was minister of petroleum under GEJ looted 30X ..she is enjoying in London..
What about James ibori and Uzor kalu.. These people are walking free..
Floating the naira or subsidy should not ruin us like this.
Rather it’s the lack of indigenous businesses and wickedness of some. We are importing unnecessary
Don't deceive yourself...
There is nothing to be surprised about..
The floating of naira and removal of subsidy is going to take us even further than this..
We have always lacked industries and imported..
There is nothing we are importing that is highly unnecessary.. . More than 45% of our Forex goes into importing refined petroleum..is that unnecessary?..no
What bulaba should have done is ensure all refineries.both Dangote and NNPC are running first...and invest into our oil industry to pump enough oil to cater for these local refineries and still export to maintain our meagre Forex inflows..
This will automatically save up 45% of our reserves..
Where's the lie, If the mockery will make our leaders to have a rethink and change their leadership tradition style, which I doubt, it's a welcomed mockery.
Who could believe that I ran generator throughout yesterday, watching Nigeria play against South Africa, what a great shame. I was visibly angry about that, to the extent that I was tempted to create a thread about how wicked Nigeria's leaders and Service Chiefs can be.
A very big shame to Nigeria that a whole national team was playing, and there was no light to watch them play, if not for generator, not even as though that the economy is friendly enough to purchase the premium spirit.
Na service chiefs dey responsible for electricity?
Give it time .....this policy will create a large margin ..
The bank should will willing to cater for the demand for FX for Nigerians now...cuz it is foolish to steal their FX and give excuses when they need it to buy from foreign markets
Bigkoko: Chaiii this patch patch CBN gov don kukuma break the table!!!!
As a knock out blow to aboki BDC...... Expect another round of spiralling FX rate!
This Lagos wiz kids no understand simple economics!
The more you remove options for FX, the more everyone flock to the only source and guess what? Laws of Demand & Supply kicks in!
Even unschooled aboki knows this more than oga patch patch!
Same reason why Emifiele was against floating the naira..
All those idiots where shouting emiefele this.. emiefele that..
His biggest mistake was trying to strangle vote buying to prevent druggie from accessing power but failed...hence why he is being dealt with mercilessly..
He has not looted more than even the past humanitarian minister..
His approval for cheap forex to Dangote was to fast track the refinery completion..
femicyrus: Not everyone needs dollar for legit transactions. Some just want to hoard and resell. Access should be limited to people truly in need of dollars for payment of school fee & importation. Others should settle for Naira. End of story
They should be willing to provide citizens who needs the dollar for basic transactions as well...
And if they need Forex so much..
Let them removing the senseless policy of opening dom accounts...and encourage more people to open to increase influx
These are part of the reason the CBN said we've dollarized our economy. And how does that stop anyone from earning in dollar. Earn your dollar whereever you want but you are getting the naira equivalent in Nigeria: that's what the CBN is saying.
You lots are irredeemably sick. You've castigated the government for the bad naira strenght. This is one of the way naira is going to gain back purchasing power and you still dey complain. Dem swear for una?!
You all want to earn in dollar, keep money in dollar, there are even hookup girls in Abuja and Lagos who insist on getting paid in dollar - are we in the USA.
Even out banks keep ridiculous amount of dollars. Where do you expect naira strength to come from?
Una never see anything.
You must be very stupid...I am certain...you are foolish idiots who doesn't earn a single dollar..
You supported the stupid president when he decided to float the naira especially when there is a supply issue...how do you float a currency you fully know can not sustain itself with supply and demand..
Buhari and Emifiele and a thousand times better than this you, cardoso and Ur daft president..
If then ..dollar influx were not coming in..but that government knew how to stabilise rates and only reduce value slightly when the burden of maintaining the rate goes beyond bearable..
They also knew how that removing fuel subsidy when you are still importing is bogus and doesn't make sense... You worsen the pains of the people when cost rises...and you can't guarantee supply because you still import..
This is why the government at that time postponed it twice..
You druggy came in without critical thinking and messed everything up.. Has the supply of dollar increased since he floated it. Lagos now has fuel scarcity..
Realdeals: It's a good policy to bolster the Naira, IMTO fund is different from inflows to Domiciliary acct. But, the bank that convert my USD to NGN, should be able to provide me with USD if the needs arises, especially for basic online transactions. Maybe it is time to reactivate USD transaction on Naira card.
Exactly...cuz I can't earn in USD and you give me naira...then when I want to carry out an international payment with USD ..The bank start speaking grammar
There is nothing that can be done..I would have suggested that he reversed the policy of floating the naira...but it's obvious that won't work ..and even the naira isn't floating as the CBN still manipulate it ..same with speculators..
Armaggedon: encourage them by lying like you lots do. The team isn't good and their game isn't really flowing. Angola is too poor to have lost with just a goal. Luck is all the eagles have going for them and they might not get it next time.
As for you, enjoy the time I gave you because I don't give pigs time often.
frankson1: The last time I watched Nigeria play was when Samson Siasia was the coach. And today, I decided to sit down and watch the game and I would say that they played like school kids.
idealogical: I think you people are intentionally trolling for attention because this doesn't make sense.
We are talking about a 37km Red line and this one is talking about a 150km Lagos Ibadan railway.
Are you saying the FG spent $1.5 Billion on the 37km Red line tracks?
1 Red Line overpass alone costs more than the 37km track LASG is using.
Boss.. That over pass is not more than 3 billion naira each..
The cost of all overpass and flyovers, plus stations can not surpass the cost of that double track standard rail of 37km ..
Go and find out how much Amaechi spent on incomplete monorail..
Kudos to Sanwo Olu but most of the work was done by FG even the blue line Sanwo completed...most of the works has been done substantially by Fashola.. including a train bought and parked at national theatre before Sanwo Olu took office
Sanwo Olu built the marina station completed the marina track and bought 2 trains..even to this..he begged the CBN to loan him 70 billion naira courtesy of Buhari's approval.. Go and find out.
idealogical: 1. You are wrong, they are using FG tracks from Agbado to Ebute Metta Junction, but the rail system starts from Iddo so the LASG had to lay their standard gauge tracks from Iddo to Ebute Metta so we have FG tracks and LASG tracks.
2. LASG built the multiple overpasses and overhead bridges, not the FG.
3. LASG built the rail stations, from Agbado, Iju, Agege, Ikeja, Shogunle, Oshodi, Mushin, Yaba, Ebute Metta (EBJ), Iddo, not the FG.
4. LASG bought the coaches, not the FG.
The LASG is responsible for almost everything, the only aspect of the project the FG contributed is the portion of the FG tracks.
Seems you know little or nothing about the project or you have your own grievance or disingenuous motives.
Buying coaches and building stations can not be described as "almost everything"
The rail track is what you should be described as "almost everything" ..the tracks are the most expensive..
Technically speaking the FG own and built majority of that line..LASG just added coaches and stations..I doubt it cost LASG up to 50bn naira..where as FG spent over N608 billion or ($1.6 Billion) as at the time of construction of the line to Ibadan.
Splashme: For the records, Sanwo-Olu did not build any rail line called "Red Line"
Nigerian politicians can be so deceptive. The cunning man simply picked the portion of the FG's funded (Lagos - Ibadan) rail line that falls inside Lagos territory and nicknamed it "Red Line"
The so-called "Red Line" starting from Agbado - Agege - Ikeja - Oshodi - Yaba/Oyigbo is a part of the larger federal govt owned Lagos - Ibadan railway project that falls under Lagos territory.
Sanwo-Olu should explain it this way to Lagosians, he won't die. All the governor is doing to procure the train coaches .
He built stations as well..
And nothing wrong in further utilizing the not so busy rail line to ease the pains of Lagosians
Any true Christian that support this bbc rubbish. They are coming for your assembly
It's just part of rhe plan. You brought down YouTube channel of someone who you did not convict in the court of law simply because they replied
Middle finger for the bbc
Lol..the bolded Nigeria's court of Law?..
Someone who killed hundreds in his church blamed a fake plane to be the cause...and many nuisance believed it.. the LASG tagged it as a lie and that he constructed a building without following regulations..that scammer failed to show up in court..(of course you shouldn't be surprised)
My two middle fingers for you and many dull Christians..
There are several thousands of church channels on YouTube still streaming without interruptions.
YouTube has a policy, you break that, you are out...no useless and scam church is above that.