₦airaland Forum

ololufemi:
Very valid points my brother. If we remove sentiments et al, no matter what anyone says, GEJ as president was wasteful and incompetent despite the solid and erudite team he had. He could have turned things around and prevented us from what we are experiencing today in the hands of successive governments of APC.

Many do not realise that Nigeria could have comfortably afforded to float its currency and remove petrol subsidy during his tenure but he chickened out and frittered away that golden opportunity after the ones Obasanjo and Yaradua had.

I usually tell people, the next administration will only meet and make things tougher because of the incompetence of the previous ones.

It's like your predecessor giving you a shovel or spade to use to fill a hole the size of ten football fields and 100 metres deep when he had a caterpillar payloader and literally sold it off.

From shovel na trowel the next person go collect from his predecessor to use do the work. 🤷🏽‍♂️

olig:
It is amazing how we come back many years later to blame GEJ for not removing subsidy. That is why I keep saying, I don't believe that we deserve better than this. We got what we deserve.

GEJ made efforts at to save the excess money from crude oil. Some people took him to court because of excess crude account. We blamed him for that. How much do we have in that account today?
GEJ removed subsidy. Some people turned rebel and turned the country upside down. We blamed GEJ for it.
Dr Okonjo Iweala cried that we should save for the raining day. But no one listen. All the governors were against here, saying they can not save for who will come latter to spend the money. We blamed GEJ for it . Many years latter, we are still blaming GEJ for not saving.
PMB wasted the little that was saved in the excess crude account and pratically depleted our foreign reserve. We blamed GEJ for it.

PBAT removed subsidy and devalued the naira. We blamed GEJ for it.

That is why many decades later, we are still blaming sl*ve trade and colonisation for our woes. Even when many countries in our category have left us. As if we were not the ones that thought the British. We are not practicing sl*ve related traded and wars before they came right?
We always look for who to blame, rather than fixing the problems.

Before you say GEJ administration was wasteful, just check government spending and expenditure per administration. How much has PMB spent so far? And what do we have to show for it?
Technically, the problem has never been non availability of money. Our spending has ever being increasing. But what do we have to show for it is the question?

It is well.

Let is continue deceiving ourselves.

yMcy56:
Pastor, make use of the "ATM Withdrawal Request" button on the platform.
You might not get response to your email withdrawal request.

freeman67:
They don't just send notices to uninterested people. Most times it's sent to you on request and after that it will become frequent.

If interested, you can contact these merchant /investment banks: Coronation MB, FBNQUEST Capital, FSDH, Codros, UCap, Greenwich MB, Norrenbeger, FCMB Capital, Stanbic IBTC Capitals, Meristem, Afrinvest Capital, Quantum Zenith, Futureview, Rand Merchant Bank (RMB), Vetiva, Tiddo Securities Limited, Cardinal Stones Partners, Marble Advisory, Investment One e.t.c

Some stock broking arms of these firms or others not listed here can also help you contact them.

olig:
It is amazing how we come back many years later to blame GEJ for not removing subsidy. That is why I keep saying, I don't believe that we deserve better than this. We got what we deserve.

GEJ made efforts at to save the excess money from crude oil. Some people took him to court because of excess crude account. We blamed him for that. How much do we have in that account today?
GEJ removed subsidy. Some people turned rebel and turned the country upside down. We blamed GEJ for it.
Dr Okonjo Iweala cried that we should save for the raining day. But no one listen. All the governors were against here, saying they can not save for who will come latter to spend the money. We blamed GEJ for it . Many years latter, we are still blaming GEJ for not saving.
PMB wasted the little that was saved in the excess crude account and pratically depleted our foreign reserve. We blamed GEJ for it.

PBAT removed subsidy and devalued the naira. We blamed GEJ for it.

That is why many decades later, we are still blaming sl*ve trade and colonisation for our woes. Even when many countries in our category have left us. As if we were not the ones that thought the British. We are not practicing sl*ve related traded and wars before they came right?
We always look for who to blame, rather than fixing the problems.

Before you say GEJ administration was wasteful, just check government spending and expenditure per administration. How much has PMB spent so far? And what do we have to show for it?
Technically, the problem has never been non availability of money. Our spending has ever being increasing. But what do we have to show for it is the question?

It is well.

Let is continue deceiving ourselves.

ololufemi:
Baba, no one is deceiving anybody on this subsidy matter. Even Lamido Sanusi Lamido (as he was called at that time now Emir Sanusi) and Ngozi Okonjo Iweala supported its removal. I supported the removal because Nigerians were living a big lie with a lot of wastageand inefficiency in the petrol as well as foreign exchange products value chain.

I would cringe whenever I saw colleagues and people travelling for leisure or personal education enjoying subsidy on the foreign exchange they purchased when such funds should have gone to the manufacturing or productive sectors to increase our GDP and GNP figures.

If you juxtaposed the value of expenditure in NGN compared with its USD valuations for each regime as they passed on the torch, you will see how much waste Nigeria suffered during the man's regime.

Initially I didn't like the sudden removal of subsidy on petrol and foreign exchange by this administration and felt they could have waited to stabilize things but that stabilization may not come because of so many vested interest in activities that sabotage the economy of the country.

Looking at how things are panning out, it may have been better to have done it earlier than later. That removal has forced Nigerians to take a look at things and begin to accept the reality that faces them ahead.

At the minimum, many of those idle hands involved in unethical and criminal activities should be involved in the value chain of products from cash crops as well as converting some food crops like cassava or coco yam into cash crops through value added products.

One thing we should have learnt over the years is that good intentions are not enough to see positive change through in any society. One must remove sentiments and take action to see things activated for the good of mankind.

As for that saving for the rainy day, I have learnt to take it with a pinch of salt because whatever you saved can be squandered easily by your successors. It is better to invest and generate cashflows that provide incomes that can be reinvested or used for positive growth and development in society.

A good example are monies invested in the NLNG projects over the years or major infrastructure which could have been further expanded at relatively cheaper costs to generate more income or dividends rather than leaving savings for successors to defend the NGN for people going on luxury and esoteric travels and education that doesn't benefit the people at the bottom of the income pyramid and the nation as a whole.

ositadima1:
How will Oando & Co fare now that it is evident the price of crude may tank? Zelensky will take the deal, and most of the sanctions on Russia will be lifted.

I find it amusing that people with a poor understanding of a situation refuse to stay quiet and learn. The other thread was filled with people criticizing Russia and Trump.

A stronger and former boss tells you not to join NATO, yet you insist on being a sovereign country with the right to do as you please. Now, almost three years later—with part of your land annexed and heavy casualties—you are taking the same deal. How did Zelensky ever believe Russia would allow NATO to set up shop on its borders? Even the U.S. wouldn’t allow that. During the USSR era, when Cuba tried to align with Russia, we saw how the U.S. reacted and how it nearly escalated into a nuclear exchange.

To claim that we are all free to do as we please is naïve. It’s the same reason an Anambra man will never be elected governor of Lagos under normal circumstances, just as an "Omo Eko" becoming governor of Anambra State is highly unlikely—despite being one Nigeria. It's the same reason the U.S. has restricted the sale of its most advanced chips to China. It’s also why many of you mistreat your house helps while spoiling your own children, even though some of these helps are as young as your kids

True freedom does not exist.

KarlTom:
Your signature is on point 🔛👌

Rubyjade:
I have over ₦400,000

What's the best stock to buy? I would really appreciate recommendations.
I will do my own due diligence

Thank you for your anticipated response.

Rubyjade:
I have over ₦400,000

What's the best stock to buy? I would really appreciate recommendations.
I will do my own due diligence

Thank you for your anticipated response.

mikeapollo:
Let's hope Oando delivers some reasonable profits for Q1 or there are more good news e.g. from the Angola oil bloc, otherwise the price may drop further down.
If Q1 comes out very good, I see it cross over to around N80-N90

Picky1:
Please can we all calm down, stop this revision of history/politics and hope the circle has been cut properly/effectively.
Though nnpc shenanigans is a major course for concern....Las, las everyone will all be fine!
This place is for stocks only!

SonofElElyonRet:
Oando is for only those who can endure mental stress and anxiety

Mpeace:
Rates on Tbills have started falling oh. See result of today's auction. This is good for NSE.

mikeapollo:
Yes, true they can weigh the market down.
But I doubt beating inflation; the recent rebasing not withstanding.
The inflation being experienced is mostly cost-push inflation, which is more difficult to tame.

ositadima1:
How will Oando & Co fare now that it is evident the price of crude may tank? Zelensky will take the deal, and most of the sanctions on Russia will be lifted.

Nigerialabalaba:
Zelensky dey para like the fury of woman hand don touch. Since Monday, e dey bomb oil assets of Russia/Putin and dey destroy Trump for media so tey Trump too don fire am back

Link
https://twitter.com/realDonaldTrump/status/1892242622623699357?t=6rTFW-m4ANgn9pEvh6zZOg&s=19

Oil sef dey rise wella so anyone wey sabi go dey load oil company shares wella.

Dis trouble Trump dey look for, na oil, metals and commodities especially food go reap am o.

Even Hamas no send Trump wen Trump dey foam for mouth las week. Iran sef don reply am today say make he bring am on say no be Iran e go dey form VanDamme for.

Zelensky go drag d war till Trump sef go leave WH like Putin do for Biden. Elemi lo ma last o.

Shine una eyes wella. Igi pawpaw o ni wo pawa o.

olig:
It is amazing how we come back many years later to blame GEJ for not removing subsidy. That is why I keep saying, I don't believe that we deserve better than this. We got what we deserve.

GEJ made efforts at to save the excess money from crude oil. Some people took him to court because of excess crude account. We blamed him for that. How much do we have in that account today?
GEJ removed subsidy. Some people turned rebel and turned the country upside down. We blamed GEJ for it.
Dr Okonjo Iweala cried that we should save for the raining day. But no one listen. All the governors were against here, saying they can not save for who will come latter to spend the money. We blamed GEJ for it . Many years latter, we are still blaming GEJ for not saving.
PMB wasted the little that was saved in the excess crude account and pratically depleted our foreign reserve. We blamed GEJ for it.

PBAT removed subsidy and devalued the naira. We blamed GEJ for it.

That is why many decades later, we are still blaming sl*ve trade and colonisation for our woes. Even when many countries in our category have left us. As if we were not the ones that thought the British. We are not practicing sl*ve related traded and wars before they came right?
We always look for who to blame, rather than fixing the problems.

Before you say GEJ administration was wasteful, just check government spending and expenditure per administration. How much has PMB spent so far? And what do we have to show for it?
Technically, the problem has never been non availability of money. Our spending has ever being increasing. But what do we have to show for it is the question?

It is well.

Let is continue deceiving ourselves.

ositadima1:
You have no idea what is going on. The only reason Ukraine has lasted this long is because of U.S. backing. It is the U.S. that has been supplying them with weapons, sanctioning Russia, and spreading anti-Russian propaganda through the media. The U.S. was practically doing everything for Ukraine.

Now that U.S. policy has changed, the war is over. It was the U.S. that pushed them into fighting in the first place. Ukraine cannot defeat Russia—just compare the size and resources of both countries.

As I said, very soon, most of the sanctions imposed by the U.S. will be lifted, and Russia will once again be allowed to flood the market with oil. Let’s watch as things unfold.

ositadima1:
You have no idea what is going on. The only reason Ukraine has lasted this long is because of U.S. backing. It is the U.S. that has been supplying them with weapons, sanctioning Russia, and spreading anti-Russian propaganda through the media. The U.S. was practically doing everything for Ukraine.

Now that U.S. policy has changed, the war is over. It was the U.S. that pushed them into fighting in the first place. Ukraine cannot defeat Russia—just compare the size and resources of both countries.

As I said, very soon, most of the sanctions imposed by the U.S. will be lifted, and Russia will once

again be allowed to flood the market with oil. Let’s watch as things unfold.

SonofElElyonRet:
Oando is for only those who can endure mental stress and anxiety

crownprince2017:
What is the outcome of mpc meeting today abi they no finish am today again abi it's still ongoing?

mikeapollo:
This is how a dubious govt and it's agencies shortchange it's people and investors.
They rebased inflation in order to project an artificial low rate, and that is what they are using to manipulate TB rates now.

Rubyjade:
I have over ₦400,000

What's the best stock to buy? I would really appreciate recommendations.
I will do my own due diligence

Thank you for your anticipated response.

Youngzedd:
Is there a website to see all the upcoming and ongoing commercial papers?

mikeapollo:
This is how a dubious govt and it's agencies shortchange it's people and investors.
They rebased inflation in order to project an artificial low rate, and that is what they are using to manipulate TB rates now.