₦airaland Forum

mrvitalis:
I said the 15 trillion budgeted for the Lagos calabar road

More over tinubu has borrowed 41 trillion so for

Yes I have written my comprehensive plan here

For agriculture my plan is 5 trillion minimum

But conditions just be met

Form cooperative of at least 50 people and have access t 500 hectares owned or on a minimum of 10 year lease

5 must have 10 year experience on the crop u want to invest in
5 must be ready to join the police force volunteer group and be given gun to defend the farm

Loan is 50 million to 500 million interest free first 3 years, 7% for 3 years

First most of the 15tn is credit finance not readily available cash. Do you have any evidence to back of your claim of 41tn as govt borrowings under the current dispensation?

I’m not disputing in totality the advantages in your suggestion but it’s not as simple as you make it seem. For example some of the companies you lend money to might end using the money to buy government bonds instead of engaging in productive value creation businesses which means employment won’t be addressed.

Lamba. Nah nlc I blame for shelving the strike

lionshare:
First most of the 15tn is credit finance not readily available cash. Do you have any evidence to back of your claim of 41tn as govt borrowings under the current dispensation?

I’m not disputing in totality the advantages in your suggestion but it’s not as simple as you make it seem. For example some of the companies you lend money to might end using the money to buy government bonds instead of engaging in productive value creation businesses which means employment won’t be addressed.

Tinubu borrowed 23 trillion in the last 3 months u are asking me if I have prove

SmartyPants:
You don't get it. What you described will strengthen the naira but only in the long term. Here we are talking about stabilization, meaning, to bring it to a resting state devoid of fluctuations.

What you described will actually create a short term currency crisis because manufacturing is heavily import-dependent especially in the beginning. Thus will cause so much more pressure on the naira. It's not the right time for such policies at all

I'm economics there is no short term solution water done pass garri naira is going 3500 and thats fantastic for our manufacturing companies of they wish to export

Focusing on the long term solution
We have been chasing short term solution since 2015

EyeCumInPiece:
Govt of Will, Shall, Want to, Plan to, Going to...

Fellow Nigerians, Happy Tinubulation.

And this is like the 2nd seal out of 7 oo

Olaide1295:
Lol, where in the manifesto did you see that?

Did Tifnubu even had or has a manifesto?. He just bribed and lied his way to become a president. And now he is still lying and making everything up as he goes.

EyeCumInPiece:
Govt of Will, Shall, Want to, Plan to, Going to...

Fellow Nigerians, Happy Tinubulation.

Lol...

mrvitalis:
Tinubu borrowed 23 trillion in the last 3 months u are asking me if I have prove

Let’s not act like politicians provide evidence for 41trillion pls.

lionshare:
Let’s not act like politicians provide evidence for 41trillion pls.

Bro I have told u someone borrowed 24 trillion in 3 months with evidence and you doubt he borrowed 41 trillion in a year?.

This zombie has come again with his will, shall and kinds of future tense news.
What has been achieved by Tinubu after 1 year in office. A useless government that claims to be broke and suffers her citizens yet built house for VP with 21Bn, bought SUV for first lady and legislators for 160m each and now is planning to buy jets for president with another billions , yet it cannot pay workers 200k minimum wage.
Is this one a government? If Nigerians have not been divided by tribalism , what's happening in Kenya should be child's play and we should all be in front of aso rock protesting. Idiot zombie.

mrvitalis:
Bro I have told u someone borrowed 24 trillion in 3 months with evidence and you doubt he borrowed 41 trillion in a year?.

If you can provide evidence of 24tn then you should be able to provide the link for 41tn right? If you can’t answer the question then how will you be able to fund your plan?

Who or what have been intervening all these while baayi?

lionshare:
If you can provide evidence of 24tn then you should be able to provide the link for 41tn right? If you can’t answer the question then how will you be able to fund your plan?

Plan is 15 trillion I have shown u 24 trillion was borrowed u still asking me how to fund the plan?

Paraman:
https://punchng.com/central-bank-interventions-will-stabilise-naira-pwc/?utm_source=telegram&utm_medium=social

Dude give it a rest with this propaganda naaaa

mrvitalis:
Plan is 15 trillion I have shown u 24 trillion was borrowed u still asking me how to fund the plan?

If only you’d open the link you provided you would have seen that most of the increment in debt is in naira value which is owing to the devalued naira which is why the debt is lower in USD value if you compare last quarter of Q4 2023 and first quarter of 2024. So there’s no 24 trillion new debt—find another way to raise money.

lionshare:
If only you’d open the link you provided you would have seen that most of the increment in debt is in naira value which is owing to the devalued naira which is why the debt is lower in USD value if you compare last quarter of Q4 2023 and first quarter of 2024. So there’s no 24 trillion new debt—find another way to raise money.

Does that matter my quote was in naira right?.

Wnay exactly are you defending

MetaMatrix:
DANGER!!!!!

WHY THE NORTH WILL NOT LOVE PRESIDENT BOLA AHMED TINUBU

*Power Equation Is Being Adjusted by President Tinubu*

I hope we are all already agreed on the screwed process where the Northerners took advantage of their being in power for a long period of time in the history of Nigeria. But going forward, things have begun to be adjusted for all of us to feel some sense of belonging in this same Nigeria.

For instance, the DSS has 37 state directors. Ot this number, 26 were northeners before President Tinubu came on board in May 2023. As at today, we now have 18 Northerners and 19 Southerners.
Tinubu reshuffled them very quietly. Now, in the South, we now have-
6 from South-east
5 from South-south
8 from South-west

DSS has 6 functioning directorates. Before President Tinubu came on board, all
the 6 directorates were headed by Northerners !!! He quietly reshuffled them, and now each geopolitical zone has a control over a directorate. Dr Peter Afunnaya, the brilliant mind I have opportuned to meet on several occasions now represents his zone, the Southeast as a Director.

Let us support President Tinubu, because he means well and he will balance the power equation for all of us to take pride of being Nigerians. If you are a Southerner working against President Tinubu, something must be wrong with your view and your thinking.

That is why I always get offended when Southerners will be abusing President Tinubu and even prefer a Northerner like Atiku ( who is the largest African estate investment owner in Dubai) to President Tinubu, or siding Obi to disparage the same Judiciary whom Obi had benefitted from as a former Governor.

What you must all know is Northerners love power and they will always put their people on top, all of them including Atiku, in their spirit of 'born to rule'.

The same Tinubu made a Christain southerner the Minister of FCT, the first and only Christain southerner in the history of Nigeria to occupy the post substantially (The Southerner that occupied the place before Hon Barr Nyesom Wike didn't have full portfolio, they were all junior ministers).

Before Tinubu came on board, Northerners occupied 28 out of the 37 state commands of the Nigeria Police.
They would post Southerners only as commisioners of police to places like the NPA, Airport, Railway, Police schools etc but not state commands !!!

Tinubu came and directed the amelioration of the lopsided postings.
Now out of the 37 state commands, the
Northerners now occupy 18 slots while the
Southerners now have19 !!!

Let us be praying for President Tinubu my people. He will balance the power equation that has been tilted against Southern Nigeria for decades. The success of Nigeria under President Tinubu is for us all as a Country.

Surely, he cannot be doing all these and the North will side with him. That is why they are doing everything to truncate his administration !!! All the problems President Tinubu is addressing now were caused by the former President Buhari !!

Not less than 18 of his (Buhari’s) ministers are quietly returning the money they stole from the last administration including Mohammed Bello (FCT Minister) Hadi Sirika (Aviation), Shehu Malami (former Attorney General and Minister of Justice), Hadjia Saudatu (former Minister of Humanitarian Affairs), Mallam Bello (the former Accountant General of the Federation) and the complete rogue of Buhari’s tenure, Mr Godwin Emefiele !!! These people were 'made' by the sheer nepotism and grand corruption that defined the Buhari regime.

The same regime produced a recharge card seller in 2015 who was so close to President Buhari that he became a multi-billionaire by 2023 and posted as a Director of a powerful government agency (the NIA) to London as the former administration was handing over to President Tinubu !!!

Definitely, all these will not go well with the Northerners !!! What I like President Tinubu for is that he will also not talk, like Buhari, but he is a workaholic and is sure of what he is doing !!
Even the hausas who'd been totally consumed, and never given ANY political consideration, abused, cheated and exploited to the brim ( of over 400 kings in the north, no single Hausa. This is what's empowering the miyetialla's evil genocide nationwide), can now contest power and get what's for them.

So, now that you know the reasons for their bad blood, don't join them to disparage President Tinubu. Rather pray for him to succeed so that all of us can raise up out heads as true Nigerians !!! Nigeria belongs to us all !!!
May God bless the Federal Republic of Nigeria 🇳🇬 WE MOVE !!!

Na power equation we go chop?

EmeeNaka:
CBN governor and Tinubu are grasping at straw.There is no CBN measure to return Naira back to where Tinubu met it.
Currently, CBN is battling to stabilise naira at where it is.

Sweet mouth... Who no fit use mouth enter mars in few hours

mrvitalis:
This CBN? I doubt

Massive CBN soft loans to key manufacturing sector is the only thing that can save Nigeria

If I was president now

1) I would cancel the 15 trillion naira Lagos to calabar road and divert the money to the manufacturing sector

Pharmaceutical industry would get 2 trillion loan interest free for 3 years then 7% after payment after 6 years

Loan can only be used to build in infrastructure to manufacture what they import or expand what they locally produced

This would instantly create 200,000 jobs minimum and add 100 billion yearly revenue to the government minimum

Do same for chemical industry, and some other key industry

This is how u stablize an economy not by intervention or building infrastructure

You summarize the solution in one post. God bless you.

mrvitalis:
Does that matter my quote was in naira right?.

Wnay exactly are you defending

I’m not sure I’m good with teaching but I’d suggest you look up realized and unrealized currency gains & losses. But to help you understand better think through this why would a loan amount increase in local currency but decrease at the same time in foreign currency. Again this means there’s no off-the-shelve 15T loan for you; think of other ways perhaps non-loan means.

lionshare:
I’m not sure I’m good with teaching but I’d suggest you look up realized and unrealized currency gains & losses. But to help you understand better think through this why would a loan amount increase in local currency but decrease at the same time in foreign currency. Again this means there’s no off-the-shelve 12T loan for you; think of other ways perhaps non-loan means.

Bro Tinubu has borrowed 12 billion dollars the last time I check

What exact are you trying to defend

mrvitalis:
Bro Tinubu has borrowed 12 billion dollars the last time I check

What exact are you trying to defend

Saying I’m defending would make sense because these media headlines seem to be opposing reality. I suspect these are at best announcements of access to apply for the loans at concessionary rates which usually occurs when countries meet certain milestones in reforms. They’re not money in the bank otherwise it’ll be captured by the DMO.

Government of economic brutality that specialises in deceiving their gullible followers with audio performances.

Greenfaces:
Hmm

Why are you humming?
Is it a lie?

Olaide1295:
The Naira has been stable around 1500/$ for the past few months. Stability is all we’re asking.

Nigerians and accepting rubbish, look at what you are saying

Now I believe it when they say the naira will hit 3k, Looks like they are introducing it to us gradually, once we get used to 1,500, they take it to 2k then bring it back to 1,700. It will look like its just 200 naira added till we get to 3k

Cc Koladata

Padipadi:
Why are you humming?
Is it a lie?

This country is a joke

Greenfaces:
This country is a joke

Shebi that was my explanation since time of Adam and Eve on this forum. We can't continue like this. Good day to you sir.

Padipadi:
Shebi that was my explanation since time of Adam and Eve on this forum. We can't continue like this. Good day to you sir.

only very connected people will get those interventions and the rest will be looted

Na why the country no dey grow, if we can protest and make the economy stand still until the dollar goes back to 700 that the weyrey met it . watch how they will perform miracle . I swear there's an hidden agender to intentionally impoverish us in this country , all the presidents can't be wicked , it seems that it is when they get to the presidential seat that they will show them the agender and boom they change direction.

skywalker240:
Nigerians and accepting rubbish, look at what you are saying

Now I believe it when they say the naira will hit 3k, Looks like they are introducing it to us gradually, once we get used to 1,500, they take it to 2k then bring it back to 1,700. It will look like its just 200 naira added till we get to 3k

Cc Koladata

Greenfaces:
only very connected people will get those interventions and the rest will be looted

Wetin dey happen here o?
Come and help biko:
https://www.nairaland.com/8142714/gwoza-suicide-bombers-given-low

Is this part of the tenets?