₦airaland Forum

coputa:
Hyper inflation is not caused by supply shock,it was caused by the government greedy implementation of wrong policy like the removall of fuel subsidy and floating the naira.

These twos cannot be implemented simultaneously,it will bounce back,the government shot itself on the foot,

There have to be an immediate policy reversal

Tareq1105:
Forget Policy Reversal, it would not happen.

Let's reduce our thirst for dollar. More Nigerians are now into forex round tripping.

How do you explain a woman that Fed Govt paid her retirement benefits of #8.2m in December and she took #7.5m of it to BDC and convert it to Dollars and deposit it in her Domi Account.

It's not that she wants to travel or import raw materials from anywhere. She just wanted to save in dollars.

This is the issue we have this days but we're quick to blame Tinubu when we're the one responsible for mounting pressure demand on Dollar.

Naira is our currency and Tinubu would not allow Nigeria to become Venezuela hence the current forex reform Policy.

superCleanworks:
more grammar

hunger no dey hear English

Bobloco:
https://dailypost.ng/2024/02/09/supply-shocks-hyper-inflation-cause-of-hunger-hardship-cbn-gov-cardoso/

Tareq1105:
Emefiele sabotaged this nation. How can a sensible CBN Gov grant Ways and Means of #23t and expect things to be well with the people?

He kept granting it just bcoz he doesn't want to loose his job.

He supposed to be behind the bar for the rest of his life.

BreconHills:
Agreed. But how do you make the people wait for this? How do you ensure that the fabric of society is not torn by the leap you are asking the people to make. Especially people used to quick fixes and demagogue. These are a people with supreme confidence in their point of view even when they are ignorant. Finally how do you address those who have leached and drained these weaknesses for years and whose very existence depends on the peoples continued fixation - in fact addiction to populism , plaster and bandage solutions and lifestyle over substance?

I am not a sceptic - not by any means but I am genuinely curious because you are an oddity in that what you write contains hope when so many have
utterly lost hope.

Tareq1105:
Forget Policy Reversal, it would not happen.

Let's reduce our thirst for dollar. More Nigerians are now into forex round tripping.

How do you explain a woman that Fed Govt paid her retirement benefits of #8.2m in December and she took #7.5m of it to BDC and convert it to Dollars and deposit it in her Domi Account.

It's not that she wants to travel or import raw materials from anywhere. She just wanted to save in dollars.

This is the issue we have this days but we're quick to blame Tinubu when we're the one responsible for mounting pressure demand on Dollar.

Naira is our currency and Tinubu would not allow Nigeria to become Venezuela hence the current forex reform Policy.

malali:
[b]The Past Nigerian administration lack revenue generating ideas, they have been running the pocket money economy system. Instead of taking revenue generated from the oil boom since late 70's till date. They have just looted the money and used the rest to subsidize lifestyle of Nigerians (fuel subsidy). Now they can barely afford the subsidy and also pay salaries, pension and also politicians. So they are transferring the subsidy to the common man, this will free up cash for them to loot, and run the government. Eventually even without paying subsidy there still wont be enough cash to run the government (We are already in this stage, thats why they keep borrowing money up and down, which devalues our currency). See some countries that have also used the same oil to prosper their nation as a whole.
Norway: Norway has built a sovereign wealth fund, known as the Government Pension Fund Global, which invests proceeds from oil and gas production. The fund is one of the largest in the world and has investments in various sectors globally, providing a stable source of income for the country.

United Arab Emirates (UAE): The UAE, particularly Dubai and Abu Dhabi, has diversified its economy beyond oil by investing heavily in sectors such as tourism, real estate, finance, and technology. Dubai, in particular, has become a global hub for trade, finance, and tourism.

Qatar: Qatar has leveraged its natural gas reserves to become one of the world's leading exporters of liquefied natural gas (LNG). Additionally, Qatar has invested in various sectors, including finance, real estate, and sports, to diversify its economy.

Singapore: Although Singapore does not produce oil itself, it has established itself as a major trading and refining hub for oil and petroleum products in the Asia-Pacific region. Singapore has also diversified its economy into sectors such as finance, shipping, biotechnology, and tourism.

Malaysia: Malaysia has developed a diverse economy, with thriving manufacturing, services, and tourism sectors alongside its oil and gas industry. The country has also invested in infrastructure projects and technology to support economic growth.

Netherlands: The Netherlands, home to one of Europe's largest natural gas reserves, has invested oil and gas revenues into developing a highly advanced economy with strong industries in agriculture, manufacturing, trade, and services.

These countries serve as examples of how strategic planning, prudent investment, and diversification efforts can help mitigate the economic risks associated with dependence on oil revenues. By investing in other sectors and fostering innovation, these nations have been able to thrive beyond their oil wealth.[/b]

Tntsi:
I see the state of our nation and i laugh and i also cry.
I laugh because I have series of warnings and consequences of a tinubu presidency and i see everything we said happening.
I cry because I see mothers crying helplessly.
I see fathers confused and hopeless on which way to go.

The signals from divinity that tinubu is the REJECTED ONE was too glaring for anyone with a third eye to see.

Tinubu lost woefully in Lagos, the state he claimed to build and give blue print. It was a free fall that they had to do abacadabras, thuggery, bullies and so on so as to pad up figures.

Noticing what was happening all around the nation, his criminal partners in INEC headed by mahood yakubu had to quickly do a serious abracadabra on the machines so as to claim no network and all that criminalities.

Despite all the criminal moves, he could not muster ordinary 25% in the FCT which was a constitutional requirement for the office of president.
Also itt was on record that he submitted a fake certificate to INEC which is against the laws of the land.
All these were signals from divinity that tinubu is the REJECTED ONE.

Despite all these signals and warnings from divinity , tinubu in his desperate quest for power, connived with criminal judges , criminalized the judiciary, desecrated the land ,removed the ancient landmark set by the fathers , grabbed power by all means and thereby brought the land under a curse, plaugues and dearth as there are consequences for desecrating the land which is clearly written in the holy book.

Today the nation is in total shambles. Security, economy, education, everything is in shambles because of the desperation of a man for power.

The only answer to plagues that have befallen our nation is that every person involved in desecrating the land leaves or resign.
Outside this, Nigeria is heading to death.

The nation needs to be reset. The broken altar and landmark needs to be repaired.
The new Nigeria has to be given the mandate.
It is a divine mandate to pull out Nigeria from the pit.

No matter the intelligence of whoever is hired under this desecrated cursed mandate, it will yield nothing. The nation will be plunged into more doom, hunger and hardship.

Individuals here and there with clean hands and trust in God will enjoy divine supply.
Absolutely correct , some times I feel like crying but cry will never solve a thing.

indigenous234:
Yoruba Ronu o !!.

I don't care if i get a ban, the truth must be told. we're all suffering the consequences of having morons in the majority (as per INEC results). we sacrifice merit on the alter of religion and ethnicity consistently and then cry afterwards. only a fool repeats the same thing & expect a different result. Yoruba Ronu o !.

Peter Obi and the Obidients were singing at the top of thier voice almost 1 year ago, that there's no place where Muslims buy bread cheaper!. Yoruba Ronu o!.

The North is irredeemable. i expected the notoriously educated and sophisticated Yoruba race of the Southwest to see beyond it's nose during the last election.. alas, Yoruba ronu o!

until we realize that there's only two tribes in Nigeria, i.e, the Elites and Peasants, we will keep taking the baits of ethnicity and religion during elections.

Emman08:
Cardoso is so clueless it's shocking

malali:
[b]The Past Nigerian administration lack revenue generating ideas, they have been running the pocket money economy system. Instead of taking revenue generated from the oil boom since late 70's till date. They have just looted the money and used the rest to subsidize lifestyle of Nigerians (fuel subsidy). Now they can barely afford the subsidy and also pay salaries, pension and also politicians. So they are transferring the subsidy to the common man, this will free up cash for them to loot, and run the government. Eventually even without paying subsidy there still wont be enough cash to run the government (We are already in this stage, thats why they keep borrowing money up and down, which devalues our currency). See some countries that have also used the same oil to prosper their nation as a whole.
Norway: Norway has built a sovereign wealth fund, known as the Government Pension Fund Global, which invests proceeds from oil and gas production. The fund is one of the largest in the world and has investments in various sectors globally, providing a stable source of income for the country.

United Arab Emirates (UAE): The UAE, particularly Dubai and Abu Dhabi, has diversified its economy beyond oil by investing heavily in sectors such as tourism, real estate, finance, and technology. Dubai, in particular, has become a global hub for trade, finance, and tourism.

Qatar: Qatar has leveraged its natural gas reserves to become one of the world's leading exporters of liquefied natural gas (LNG). Additionally, Qatar has invested in various sectors, including finance, real estate, and sports, to diversify its economy.

Singapore: Although Singapore does not produce oil itself, it has established itself as a major trading and refining hub for oil and petroleum products in the Asia-Pacific region. Singapore has also diversified its economy into sectors such as finance, shipping, biotechnology, and tourism.

Malaysia: Malaysia has developed a diverse economy, with thriving manufacturing, services, and tourism sectors alongside its oil and gas industry. The country has also invested in infrastructure projects and technology to support economic growth.

Netherlands: The Netherlands, home to one of Europe's largest natural gas reserves, has invested oil and gas revenues into developing a highly advanced economy with strong industries in agriculture, manufacturing, trade, and services.

These countries serve as examples of how strategic planning, prudent investment, and diversification efforts can help mitigate the economic risks associated with dependence on oil revenues. By investing in other sectors and fostering innovation, these nations have been able to thrive beyond their oil wealth.[/b]

Brendaniel:
So Tinubu that brought destructive ideas did not know what he was doing? And doesn't still know how to correct it?

BreconHills:
What an insightful statement. Profound. 👏👏👏

Tntsi:
I see the state of our nation and i laugh and i also cry.
I laugh because I have series of warnings and consequences of a tinubu presidency and i see everything we said happening.
I cry because I see mothers crying helplessly.
I see fathers confused and hopeless on which way to go.

The signals from divinity that tinubu is the REJECTED ONE was too glaring for anyone with a third eye to see.

Tinubu lost woefully in Lagos, the state he claimed to build and give blue print. It was a free fall that they had to do abacadabras, thuggery, bullies and so on so as to pad up figures.

Noticing what was happening all around the nation, his criminal partners in INEC headed by mahood yakubu had to quickly do a serious abracadabra on the machines so as to claim no network and all that criminalities.

Despite all the criminal moves, he could not muster ordinary 25% in the FCT which was a constitutional requirement for the office of president.
Also itt was on record that he submitted a fake certificate to INEC which is against the laws of the land.
All these were signals from divinity that tinubu is the REJECTED ONE.

Despite all these signals and warnings from divinity , tinubu in his desperate quest for power, connived with criminal judges , criminalized the judiciary, desecrated the land ,removed the ancient landmark set by the fathers , grabbed power by all means and thereby brought the land under a curse, plaugues and dearth as there are consequences for desecrating the land which is clearly written in the holy book.

Today the nation is in total shambles. Security, economy, education, everything is in shambles because of the desperation of a man for power.

The only answer to plagues that have befallen our nation is that every person involved in desecrating the land leaves or resign.
Outside this, Nigeria is heading to death.

The nation needs to be reset. The broken altar and landmark needs to be repaired.
The new Nigeria has to be given the mandate.
It is a divine mandate to pull out Nigeria from the pit.

No matter the intelligence of whoever is hired under this desecrated cursed mandate, it will yield nothing. The nation will be plunged into more doom, hunger and hardship.

Individuals here and there with clean hands and trust in God will enjoy divine supply.

Eriokanmi:
Why bother yourself with this long story? Nigeria isn't ready yet. I've stopped writing any epistle cos it's time-wasting.

How can you have such vast lands everywhere but can't empower the Youths on agriculture? Agriculture fetches countries that practice them much more than oil in revenue...and each time they claim they're reeling out agriculture programmes, theyd disburse the money to states and ask governors to share them....it's like giving fish to a cat to share. What happened to the bank of agriculture?

A reasonable government wouid set up an independent entity to screen those who are interested and forward their names to the bank of agriculture for the loan requested, then they'd visit site and monitor progress, etc. Let's see if rice won't become sufficient in 3 years. We'd even be exporting cos we have all it takes...Good soil and population. Indonesia came to Nigeria in the 70s to learn how we grew palm oil and became a major exporter. Today, they're the largest exporters of palm oil globally. That's a serious-minded country.

I've come to realise the fact that, those who agitated for democracy during the military era only did so for their selfish gains. We know their worth today...those who own 3 jets but without a single manufacturing company to their credit..many Nigerians are so daft, sorry to say, by follw8mg these men who always deceive them. Why won't Nigerians be in such mess when they know that, 99% of the time, they'd always fall for their lies, using bigotry and tribalism as a tool to cajole them in every election. What the democracy agitators are now doing is worse than what they said the military was doing back then.

Only the masses can rescue themselves from the hands of all these elite politicians but they're not ready yet. The psalmist says I will lift up my eyes onto the hills, from where commeth my help, my help cometh from the Lord, who creates heaven and earth. I don't depend on government to live rather I proffer solutions to them. Na the masses I pity pass and their blind supporters who think they'd get their daily meal from them by always vitong them wit their lies. they'd be disappointed again and again.

Yankee101:
It’s a lie
There’s plenty of food but people can’t buy
Plenty of fuel but they park their cars and trek
Plenty of money in circulation but in the hands of few thieving politicians

So it’s not about supply