₦airaland Forum

afrodoc2:
[/b]

Cos both countries are quite different. A lot of those people that lost their jobs in the UK still have access to a level of free quality healthcare and welfare benefits that is unattainable to the average Nigerian.

You now add the emotional torture of seeing the politicians that put you in this nasty position all driving around in their customized luxury cars and building mansions with their ill-gotten wealth.

The day Nigerians check the country's expiry date and realize the country expired a long time ago, that is the day the leaders will feel the pain.

sod09:
More than 60k 🤣🤣🤣
E no fit better for this ajaero why did you waste our time for this nonsense
Blueraydick you see why shutting down the power grid was a stupid move
The agreement wasn't even specified enough yet this slowpoke signed it
His balls should be cut off because he doesn't deserve it I knew he would fold
Why start something you can't finish

sod09:
More than 60k 🤣🤣🤣
E no fit better for this ajaero why did you waste our time for this nonsense
Blueraydick you see why shutting down the power grid was a stupid move
The agreement wasn't even specified enough yet this slowpoke signed it
His balls should be cut off because he doesn't deserve it I knew he would fold
Why start something you can't finish

raumdeuter:
I don't blame Labor too

Because they waited for 1yr and no one seemed to be doing anything

Itsrm:
While I would have preferred they remain on strike while they continue negotiations, even if they call it off, it's a win.

The government has committed to going above 60k which they weren't willing to do before. They also have one week to come up with a reasonable offer or strike returns.

izzou:
[color=royalblue]OasisX, abeg what do you mean by the Labour should pressure the FG to tackle inflation?
[/color]

WhoDeyHause:
Lmao, egbon you wan reduce heat when men mount for heat.
Minister of Standing fan, Treble be unto you boss.

Itsrm:
While I would have preferred they remain on strike while they continue negotiations, even if they call it off, it's a win.

The government has committed to going above 60k which they weren't willing to do before. They also have one week to come up with a reasonable offer or strike returns.

BlueRayDick:
Do u think if they didn’t do what they did , FG will agree to add any kobo to that 60k ? The same FG that dragged foot on this matter for a whole year ?


Na because dem hold dem for blokus na

izzou:
[color=royalblue]Oasis, abeg what do you mean by the Labour should pressure the FG to tackle inflation?
[/color]

In a press briefing addressing the potential impact of Silicon Valley Bank’s failure on Nigerian businesses, Emefiele asserted that bank depositors are the ultimate owners of banks since they have more to lose than shareholders. He emphasized, “I would rather dispose of shareholders than make depositors lose money,” a policy he maintained throughout his tenure.

Itsrm:
This may interest you BlueRayDick

https://nairametrics.com/2024/06/04/unlike-emefiele-heritage-bank-closure-shows-cardosos-cbn-is-willing-to-let-banks-fail-2/

OasisX:


.....to atleast open borders nah, foods prices will definitely crash if dem open the borders.

BlueRayDick:
Hmmmm. Well, there’s wisdom in what Emefiele was doing which is summarized above , but it imposed serious moral hazard . It allowed major shareholders who ran the banks to the ground to escape .

There’s also sense in this Cardoso’s approach of not rescuing the banks but something must give.

I think they need to revisit and review the amount of depositors fund that are insured with NDIC . That current N500k is too small. If CBN under Cardoso has chosen to allow market forces prevail , then they should review the amount of depositors fund that can be recoverable in the event a bank fails .

sod09:
Above 60k is 60001
If I were the government that's what I will do and if ajaero try another strike he will end up in prison because the agreement is above 60k and 60001 is above 60k

Itsrm:
So now it's obvious the problem was not because heritage bank cannot be salvaged, Cardoso is just taking a different approach.

And I absolutely agree with you, 500k can no longer cut it. Maybe they'll increase it post recapitalisation.

izzou:
[color=royalblue]OasisX, abeg what do you mean by the Labour should pressure the FG to tackle inflation?
[/color]

izzou:
[color=royalblue]Did anybody lock the border for you?

Don't you know the issue is the exchange rate? Abi na naira dem go take buy rice for Thailand?

Wetin concern border with #1500/dollar[/color]

BlueRayDick:
The bold has always been my grouse and that’s why I don’t look at people always defending/making excuses for politicians online with good eyes at all.

Ur tax gets deducted at source (an amount u don’t naturally feel like paying sef in the first place ) , then u start hearing of how a politician embezzled billions of public funds , how a regular Joe suddenly became a billionaire spending less than 4 years in politics , etc. These things irks me so much .

U pay taxes and u still have to drive on terrible roads because somebody has embezzled the funds for the roads construction or the politicians have spent it on frivolous things. Then u have people fighting tooth and nail to defend such people .

All these minimum wage discussion is even centered around money that can at least feed the workers . Nobody has talked about affordable healthcare now; it appears everybody don agree to go back to herbs cos with the exit of pharmaceutical companies drugs are freaking expensive now .

sod09:
Above 60k is 60001
If I were the government that's what I will do and if ajaero try another strike he will end up in prison because the agreement is above 60k and 60001 is above 60k

izzou:
[color=royalblue]Did anybody lock the border for you?

Don't you know the issue is the exchange rate? Abi na naira dem go take buy rice for Thailand?

Wetin concern border with #1500/dollar[/color]

Ballzproblem2:
na 15trn road be my problem, nothing concern me concern minimum wage eje.

OasisX:


......no be una dey shout open borders day and night here?! If dem allow free importation of Rice, Tomatoes and co from neighbouring nations, prices go drop nah.

izzou:
[color=royalblue]Na why i dey vex silently when others dey bant with you.

Na always troll you dey troll. I no sure say you dey ever mean wetin you type.

So when you go to Thailand to import rice or Benin Republic, dem go collect Naira for your hand abi?[/color]

Spy360:
For example the people that defended this bad government on this thread don't live in Nigeria.

BlueRayDick:
Hmmmm. Well, there’s wisdom in what Emefiele was doing which is summarized above , but it imposed serious moral hazard . It allowed major shareholders who ran the banks to the ground to escape .

There’s also sense in this Cardoso’s approach of not rescuing the banks but something must give.

I think they need to revisit and review the amount of depositors fund that are insured with NDIC . That current N500k is too small. If CBN under Cardoso has chosen to allow market forces prevail , then they should review the amount of depositors fund that can be recoverable in the event a bank fails .

larride:
I hear it's now 5m.

“The NDIC has commenced the liquidation of Heritage Bank Plc: In accordance with Section 55 sub-section 1 & 2 of the NDIC Act 2023, the corporation has commenced the liquidation process of the failed bank with immediate verification and payment of insured deposits to the bank depositors.

“Depositors of the bank that have alternate accounts within the industry will be paid up to the insured amount of N5 million per depositor using their Bank Verification Number (BVN) to locate their alternate account. While depositors with funds in excess of N5 million will be paid liquidation dividends upon realisation of the bank’s assets and recovery of debts owed to the bank.”