₦airaland Forum

Cyberknight:
I believe that's the CBN's aim - using high interest rates to tackle inflation. Not ideal, but textbook economics. Hopefully there'll be some relief for businesses soon. Even Argentina is gradually cutting interest rates.

Issue is how long that's sustainable and if they're doing anything differently this time. We had thesame in 2016-2018 ish which was subsequently followed by rampant inflation when the government started printing more money to pay back. This is not even considering wider negative effects on the masses.

Local investors were happy at the high rates without considering the wider effects and when the results came, they saw that 20% meant little in the face of 50% devaluation. It was high borrowing rates that forced Trump to reverse on most tarrifs, it was also same that led to the demise of Liz Truss.

jedisco:
The ill-thought interventions by the last government in the name of protecting the naira created alot of market distortions and inefficiencies which helped no one aside those round-tripping the naira. I was singing this on another thread years back.

...

Yes, issues still persist but the economy may be turning the corner and there are many early movers in the capital market reaping unreal gains right now.

Interest rate will fall and is falling as interest rate falls.

There is a lot of negative impact to the socio-economic and security condition in Nigeria due to rapid removal of subsidies and devaluation. This area would likely take much longer to fix.

The important thing right now is that there are some green shoots in the Nigerian economy that can blossom into something good if carefully nutured.

God bless Nigeria.

jedisco:
Issue is how long that's sustainable and if they're doing anything differently this time. We had thesame in 2016-2018 ish which was subsequently followed by rampant inflation when the government started printing more money to pay back. This is not even considering wider negative effects on the masses.

Local investors were happy at the high rates without considering the wider effects and when the results came, they saw that 20% meant little in the face of 50% devaluation. It was high borrowing rates that forced Trump to reverse on most tarrifs, it was also same that led to the demise of Liz Truss.

Sadly, it seems that this is a recurring theme. The best returns to be had are in government debt, so everyone piles in there.

milekhuoba7:
Bros I sent you an email, please I need some counsel

hmmm am sorry I don’t use that email anymore and it’s funny one can’t amend or change it on nairaland. I’ll suggest you contact an immigration lawyer instead if you need help.

Fred2020:
Yes, issues still persist but the economy may be turning the corner and there are many early movers in the capital market reaping unreal gains right now.
...
The important thing right now is that there are some green shoots in the Nigerian economy that can blossom into something good if carefully nutured.
God bless Nigeria.

I'd be skeptical on the first paragraph especially as regards the debt market. For the equity market, I hope most of the gains feed thru to the actual economy as companies find it easier to raise capital and invest. As for the debt market, if it continues this way, it'd be counterproductive. Typically a good chunk of the gains go to foreign portfolio investors- as they have the data to move in early, buy debt, get their profit, sell and leave before the resultant devaluation takes hold. They then move to the next country.

I agree with the last, they are some green shoots (which are long overdue). Time would tell if they would blossom

Not a fan of the torygraph but there are some uneasy facts here.

How can almost 1 in 5 new cars sold be funded by the taxpayer? So when folks incl working migrants are saving money to buy cars, some are gathering their tax-funded benefits to pay a token and then be handed a new BMW every 3 yrs. Not against those who actually need it but let the numbers keep rising, e go reach everybody soon.

jedisco:
Not a fan of the torygraph but there are some uneasy facts here.

How can almost 1 in 5 new cars sold be funded by the taxpayer? So when folks incl working migrants are saving money to buy cars, some are gathering their tax-funded benefits to pay a token and then be handed a new BMW every 3 yrs. Not against those who actually need it but let the numbers keep rising, e go reach everybody soon.

When Kemi is saying the same thing, why is she been vilified....... 😁😊

jedisco:
Not a fan of the torygraph but there are some uneasy facts here.

How can almost 1 in 5 new cars sold be funded by the taxpayer? So when folks incl working migrants are saving money to buy cars, some are gathering their tax-funded benefits to pay a token and then be handed a new BMW every 3 yrs. Not against those who actually need it but let the numbers keep rising, e go reach everybody soon.

Omo see flexing! 😂 for me o make them continue make everybody Dey their Dey. If dem stop am na we dem go blame, I no want wahala o!

Lexusgs430:
When Kemi is saying the same thing, why is she been vilified....... 😁😊

Lol they vilify her...and then they steal adopt her/Tories' policies/ideas e.g.:

- Increased settlement time
- Grooming gangs inquiry
- Welfare cuts

jedisco:
Not a fan of the torygraph but there are some uneasy facts here.

How can almost 1 in 5 new cars sold be funded by the taxpayer? So when folks incl working migrants are saving money to buy cars, some are gathering their tax-funded benefits to pay a token and then be handed a new BMW every 3 yrs. Not against those who actually need it but let the numbers keep rising, e go reach everybody soon.

Wow...Just Wow...How is this sustainable in Gods name

Lexusgs430:
When Kemi is saying the same thing, why is she been vilified....... 😁😊

Depends on who's doing the vilification.
Reform rightly point out that the Tories had 14 years in government and didn't adopt the policies they are pushing now and wonder why the Tories have suddenly realised what they should've done.

The Red Tories are trying to do something about welfare reform, but their left wingers refused. Instructively the real Tories refused to help the Red Tories pass the last welfare bill in its original form by committing to vote for it so that Starmer could have something to whip his backbenchers into line with and at least effect the cuts he wanted, so effectively for them its still politics as usual - no one really cares about the country.

Cyberknight:
Depends on who's doing the vilification.
Reform rightly point out that the Tories had 14 years in government and didn't adopt the policies they are pushing now and wonder why the Tories have suddenly realised what they should've done.

The Red Tories are trying to do something about welfare reform, but their left wingers refused. Instructively the real Tories refused to help the Red Tories pass the last welfare bill in its original form by committing to vote for it so that Starmer could have something to whip his backbenchers into line with and at least effect the cuts he wanted, so effectively for them its still politics as usual - no one really cares about the country.

Not one to hold a brief for KB, but I find the whole “you didn’t do anything when you had the chance” spiel tiresome. We can all agree that KB is definitely not RS, LT, BJ, TM, or DC. She’ll lead her party in the direction she sees fit—just like when there’s a change of leadership in an office, from lower levels to CEO. The new person typically likes to put their stamp on things, or sometimes even do a complete 180 on certain topics.

So, sorry—as much as I despise KB, she can’t be held accountable for 14 years of Tory failure, even if she was an MP and Cabinet Minister toward the end. (She’s not going to challenge the PM, is she?)

What I don’t understand is how she’s still leader of the opposition. Seems RJ & his co-plotters are biding their time we’ll, will probably make a move closer to the general election or even next year after Welsh & Scottish elections? Who knows!

Jamesclooney:
Not one to hold a brief for KB, but I find the whole “you didn’t do anything when you had the chance” spiel tiresome. We can all agree that KB is definitely not RS, LT, BJ, TM, or DC. She’ll lead her party in the direction she sees fit—just like when there’s a change of leadership in an office, from lower levels to CEO. The new person typically likes to put their stamp on things, or sometimes even do a complete 180 on certain topics.

So, sorry—as much as I despise KB, she can’t be held accountable for 14 years of Tory failure, even if she was an MP and Cabinet Minister toward the end. (She’s not going to challenge the PM, is she?)

What I don’t understand is how she’s still leader of the opposition. Seems RJ & his co-plotters are biding their time we’ll, will probably make a move closer to the general election or even next year after Welsh & Scottish elections? Who knows!

My dear sir, you must be a high-minded individual given your expressed preference for fairness, but life doesn't always work that way.

OF COURSE the Tories' opponents will seek to hang every failing of their party around the neck of the incumbent leader and any other person within easy reach of a tar brush, because that is what politics is all about. It matters not whether Badenoch was still a schoolgirl in Nigeria when some things happened; they get chalked up to her party and by extension to her [leadership]. Similarly the Tories and Reform will never let Labour forget the fact that it was under a Labour government that the UK had to take an IMF loan and Labour was in power at the time of the Winter of Discontent. And so forth.

Regarding her position, I believe current wisdom has it that the knives will remain sheathed until after May 26 (the devolved nations' elections). In the runup, Badenoch is shapeshifting like all politicians do - this is perfectly normal and comes with the territory. For instance, if you remember Badenoch initially said she wasn't in favour of a cap on migration; the Tories have now come out in favour of one in their mooted Deportation Bill. She may have changed her mind because she convinced herself of its merits or because she wanted to head off Jenrick by stealing his proposed policies, or indeed simply because she wanted to keep him inside the tent pissing out as opposed to the converse. Regardless, despite a desire to give vent to self-loathing anytime she's got anything to say about black people and immigration, I don't think she's doing too badly for an opposition leader.

Jamesclooney:
Not one to hold a brief for KB, but I find the whole “you didn’t do anything when you had the chance” spiel tiresome. We can all agree that KB is definitely not RS, LT, BJ, TM, or DC. She’ll lead her party in the direction she sees fit—just like when there’s a change of leadership in an office, from lower levels to CEO. The new person typically likes to put their stamp on things, or sometimes even do a complete 180 on certain topics.

So, sorry—as much as I despise KB, she can’t be held accountable for 14 years of Tory failure, even if she was an MP and Cabinet Minister toward the end. (She’s not going to challenge the PM, is she?)

What I don’t understand is how she’s still leader of the opposition. Seems RJ & his co-plotters are biding their time we’ll, will probably make a move closer to the general election or even next year after Welsh & Scottish elections? Who knows!

Because the 1922 Committee's current rules prevent a confidence vote from taking place against a leader within their first year in office.
The Committee also recently changed the rules to make it more difficult to trigger a vote by increasing the minimum number of letters required from 15% of the parliamentary party to a third - which means that 41 letters will now be required, rather than 19.

After the first year she will likely be pressured to resign, probably without the need of a vote. And then the knife sharpening will restart -the Tories have great form for tiring of and disposing of their leaders, especially when in opposition.

Zahra29:


https://www.bbc.co.uk/news/articles/c98jl8jnz92o

Woman smuggled baby into UK using fake birth story

The case, the second the BBC has followed through the Family Court in recent months, reveals what experts say is a worrying trend of babies possibly being brought to the UK unlawfully - some from so-called "baby factories" in Nigeria.

'My babies are always hidden'
The woman, who we are calling Susan, is Nigerian, but had been living in England since June 2023, with her husband and children.

A careworker with leave to remain in Britain, Susan claimed she was pregnant. But scans and blood tests showed that wasn't true. Instead, they revealed Susan had a tumour, which doctors feared could be cancerous. But she refused treatment.

Susan insisted her previous pregnancies had been invisible on scans, telling her employer, "my babies are always hidden". She also claimed she'd been pregnant for up to 30 months with her other children.

Susan had travelled to Nigeria in early June 2024, saying she wanted to have her baby there, and then contacted her local hospital in Britain, to say she had given birth.

Doctors were concerned and contacted children's services. Arriving back in the UK with the baby girl - who we're calling Eleanor - Susan was stopped and arrested by Sussex Police....

Since 2021 the UK government has restricted adoptions from Nigeria, partly because of "evidence of organised child trafficking" within the country.

I went back to read the whole article and it’s shocking. The length at which this couple went to fight for this fraud is extraordinary. All their lies falling apart but they keep pushing with more lies.


This part of the story got me:

When Eleanor is adopted she will have a new identity and British nationality - but she may never know who her real parents are

https://share.google/gAah6ambGLh3k11PS

Which Reform is this?

Goke7:
😂 @Jedisco if this baba run you street no come hear come rake o!

Remember when I gave a buy rating for #TSLA.......

If only you did....... 😁😂

Goke7:
https://share.google/gAah6ambGLh3k11PS

Which Reform is this?

Ogbomosho type.

That £3750 EV grant by the government, how i wish we could buy a 2nd hand EV vehicle with it.......

That Audi E tron GT, dey my eyes...... Would it also be deemed claiming public funds...... 😁😂

Please gurus in the house, my daughter was refused child dependant visa, im applying as a single mother. Please your advise is needed

Na oju aye go finish this country.

Lincoln4u:
Please gurus in the house, my daughter was refused child dependant visa, im applying as a single mother. Please your advise is needed

Why did you not get letter of consent from the father of the child to support the visa application?

justwise:
Why did you not get letter of consent from the father of the child to support the visa application?

The entry clearance officer was just desperate to refuse the visa...I mean, when did they start using sole responsibility to downplay sole custody judgement ...and further claimed no court can give such judgement ...

justwise:
Why did you not get letter of consent from the father of the child to support the visa application?

I submitted sole custody/responsibilty

Lincoln4u:
I submitted sole custody/responsibilty

Probably try getting parental consent from the dad when you appeal.

Hi all, I’m planning to fly with British Airways and would like to bring homemade frozen soup. Can I pack it in my carry‑on if it’s completely frozen solid, or does it need to go in checked luggage?
Thanks in advance for any tips or experiences!

Lexusgs430:
That £3750 EV grant by the government, how i wish we could buy a 2nd hand EV vehicle with it.......

That Audi E tron GT, dey my eyes...... Would it also be deemed claiming public funds...... 😁😂

It’s your country go ahead! Just allow the rest of us be! No make noise

lavida001:
Na oju aye go finish this country.

Na you Dey see am as oju aye. They need more workers or can you do all the work all by yourself?

Goke7:
It’s your country go ahead! Just allow the rest of us be! No make noise

My country ke...... I be you like Frank Spencer........ 🙄😊😁

Goke7:
Na you Dey see am as oju aye. They need more workers or can you do all the work all by yourself?

This narrative that there are jobs everywhere is a big fat lie. What jobs are you talking about when people you have 100 people competing for 1 role.

Lincoln4u:
I submitted sole custody/responsibilty

Maybe the grandparents have to die on official papers or the father has to die for this visa to be granted .
There was no reason why this visa had to be denied as you provided everything possible but looks like you must still do more unfortunately. You are the child’s mom and have primary responsibility. I don’t know why they want you to be comfortable with your child been brought up by parents. Maybe if the grandparents die then they’ll budge or they both become medically, physically, mentally unfit to care for her…then this could be provided as additional infomation to sway your case.

In the meantime, try to secure a document from the courts saying you have sole responsibility even though they claim it can not be granted by courts— still get it from them.
Are you on a student visa because it looks like the visa officer is trying to force you to leave the UK to go meet with your child rather than for them to come here? They claim you knew there was a possibility your child would not be able to join you.