₦airaland Forum

Naughtysite:
Buhari will probe you..

Truth234:
Naira can not fall, it has been fixed.

stinggy:
Diversify this shittty economy; Agric, Tin, Limestone, Metal ore, etc.
Each state has one thing or the other her land is good for but we have visionless and lazy governors who depend solely on handouts from Abuja at month end.

It was very painful to watch Ajimobi talk about 3rd bail-out fund at a time when talks should be intense on how to look away from FG money and grow each state's IGR.

Truckpusher:
No worry , Na die you dey so.

Naughtysite:
Buhari will probe you..

Validated:
What does fixed Naira mean to the man with five children and no job?
What does a fixed Naira contribute to a farmer that needs fertilizers and implement, most of which are imported?
How does fixing Naira help the importation cost of critical raw materials for ailing industries?
Are you aware that some of the economic indices have gone SOUTHWARDS due to these archaic policies?
Have you quantified the implecation of importing refined products as we fixed our Naira?

in a free economy, you do not need to fix exchange rates. Have you thought of fixing stock prices on the NSE to avoid stock from depreciation? This measure is crude and not sustainable. At the rate things are going, you would soon find out that this economy havecrept into recession with it associated hyper and galloping inflation.

Kay17:
Who will represent you at this CONFAB? Isn't it the same unimaginative elite? Besides if the country "decides" to split, wouldn't it be into more fictional countries which have never existed nor have a history? Besides most of the emerging countries will be unviable without seaports and oil revenue

CyberWolf:
As long as we keep practicing this system of government, we will continue to move in the negative direction. True federalism is the answer but we know the parasitic region that is always against it..

SeverusSnape:

https://i2.kym-cdn.com/photos/images/newsfeed/000/411/964/9b5.jpg

AdeniyiA:
irony, while the excess is not available for local consumption

Truth234:
You still don't understand, the price at parallel market is always different. Not only in Nigeria across the world, the same thing with banks, they all add spread.

Listen no one is saying there is no issue at hand but saying Naira will fall is wrong, if that decision caused us been delisted from JPMorgan emerging market bond. Why now?

It should remain fixed until there is economically viable diversification strategy.

Truckpusher:
I'm here to announce to all the chai chanting dolts that your 5000 Naira is nowhere in sight.

I know some nairalanders that voted for Buhari all for five kpali, their calculation was simple - If they can get free five gees every month and add it up to whatever they get with the free meal for their kids then they'd be just fine.

Chai! The body odor has failed us - Buhari betrayed us , now how do I chant 'Sai baba' for mama nkechi to give me akara on credit.?
Anonimi and mizmycoli this is all your fault.

Ioannes:
when our crude sold for $120/barrel we didnt diversify the economy. jonathan and co packed as much as they could with both hands. now crude is around $40/barrel we are expecting a miracle.

time to tighten our belts. turbulence ahead.

zibi2:

MizMyColi:
Naaaa This is totally on Anonimi.
He didn't vote Buhari If he did, then maybe his Goodluck would have helped the economy.
Nigerian Youths...
Sacrificing their future on the altar of stipends and free meals. Omase o o

MizMyColi:
Naaaa This is totally on Anonimi.
He didn't vote Buhari If he did, then maybe his Goodluck would have helped the economy.
Nigerian Youths...
Sacrificing their future on the altar of stipends and free meals. Omase o o

chuna1985:
It's impossible for a state governor to mine the resources in his state.

dabriggs:
AMMEEEEEEEEEEEEEEENNNNNNNNNNNN!

Please if this oil glut and drop on dollar value per barrel of crude will make us sit up and find the use for crude then let is crash to 50 kobo. Not cents sef. Kobo.

If this drop will make us sit up, dictating the value to be created from a barrel of crude and seeing the opportunity of competing, using location advantage, to supply Africa (especially West Africa), then let is be so.

If this crash will make us focus on other areas of the economy as income/revenue earners. Then let oil become useless.

If this crash and glut will make politics less interesting because of free crude oil money to be stolen and embezzled, then God please crash it further. Let there be no more money to steal and let only those who are interested in true service get into leadership and politics.

I am in France and to me these guys only produce Nuclear Power and some fresh farm stuff, however, these guys have developed so far that, it pains me when I remember that I am coming back to a country where nothing works. You see these guys toil day and night to keep their city clean and functioning. And we go there and pose for selfies. I sit in their parks and wonder about Nigeria and why the black race is cursed. Why we cannot achieve anything if the white man does not get involved or if we do not get help from the white man. Why we can hardly think about collective good, but greedily steal and steal and steal and embezzle. Then we cry that we have cancer and we want to see T.B. Joshua.

If this fall in demand, and glut in crude stock will make state governors focus on minerals within their states and promote the local utilization of these natural resources for the common good of their citizens, then let the price of crude crash forever. Because I am tired of States only using TAXES and FEDERAL ALLOCATIONS, being lazy to even think of how to generate revenue which will not cause distress for the common man. All they know are taxes, charges, fees and allocations.

datigbogirl:
Na just mouth you get, if shittt hits d fan now na you go first run.

Truckpusher:
Mass wailing awaits us all.

Opinedecandid:
Tinubu, has your eyes now opened to the fact that the race is not to the swift neither the battle to the strong?

rottennaija:
While a fixed naira to dollar make things difficult at the moment, and things may get worse in the months ahead. The truth about the matter and what buhari and his economic team understand is that bold measures had to be taken.

Yes, things will be difficult because of this measures, but with time, this bold measures will bring better benefit. What the government is doing is laying a solid foundation for it economic revival.


The situation in Nigeria is similar to what happened in Obama's first tenure. Jobs were lost, cost of livelihood high, but Obama understood that with time, the country will benefit more from their long term economic plan than the short term plan Republicans where championing.
Our economic was in a very bad state. All those shout of employment and job creation was a scam. It will not take a year or two to end out economic woes, but with time, with persistent and dedication, you will see Nigeria rise again, not in papers as was in the past administration but in reality.

MizMyColi:
Naaaa
This is totally on Anonimi.

He didn't vote Buhari
If he did, then maybe his Goodluck would have helped the economy.

Nigerian Youths...

Sacrificing their future on the altar of stipends and free meals.
Omase o o

Truckpusher:


My brother laugh wan kill me here.

To share a country with regions that gives out nothing and is not willing to accept any logical change is something you'll never wish for any people.
What you're seeing here is 50 yrs of Northern and South west blind policy of subjugation and greed with a lazy mentality of being over dependent on oil they do not have and can't even manage even as Nigeria belongs to them.
Let us face the music - This is just Osadebe by the time we get to the reggae it would be nasty.
Don't listen to those shouting 16 yrs of PDP as if the structure of the country itself isn't a thing that calls for a major concern.
Let's practice true federalism and let each region develop at their own pace but they said we must die first before we get it.
We won't die - They are already going down economically, and of course we all are on board.

Valendo:
Don't say what you don't know. The decision of the govt to fix the naira against the dollar was wrong and counterproductive. Nigeria is a mono product economy. Our major export is crude oil which is not even a refined product. You can only do this when your value of export is at per with the value of import. Virtually everything is wrong with this country and the better way out is true federalism. Let's be sincere with ourselves, this man seems to be confused. You don't rule like a dictator in a democratic system.

CyberWolf:
As long as we keep practicing this system of government, we will continue to move in the negative direction. True federalism is the answer but we know the parasitic region that is always against it..

Ioannes:
when our crude sold for $120/barrel we didnt diversify the economy. jonathan and co packed as much as they could with both hands. now crude is around $40/barrel we are expecting a miracle.

time to tighten our belts. turbulence ahead.