₦airaland Forum

Hotfreeze:
There was actually a time that Ipob supporters (who are now Obidients) used to refer to FFK as Biafra's first son. That was when he used to tackle Buhari in 2015.

Even Kemi Olunloyo was given the name Ada Biafra.

Lol

kuroben4real:
Absolutely she did nothing. She was just called by NDDC boss to unveil the facility. It was NDDC project.

Did you read NDDC/RHI collaboration in the article or not?. Or you just want to exhibit the usual bitterness.

Mula25:
Posterity will never be fair with people like you

What crime has the first lady committed?. Or you just want everybody to hate people because you hate them?. Posterity will never be fair to hateful people.

Samajogs:
Hear yourself "pending" in a sane society, do you have to implement an increment on Salary and still have arrears on it. I can see that Nigeria has happened to you and your psychologically drained. Live up to reality

So implementation of increment kicks off immediately upon announcement?. How old are you. They have even commenced payments already.

musicwriter:
You're not talking to a kid unless you're one. Any adult understands what's going on.

Rivers and Kano is all about 2027. It doesn't matter in what guise. Not that I am against politics but play clean politics and not be bent on unseating legally constituted leaders.

So the house of Assembly crisis in Lagos was also about 2027?, Wike and Diri in Bayelsa also about 2027?, Osun state too is about 2027?.
If you want to read ignorant comments, just come online, dem plenty wella.

ogascomax:
You are really talking like an idiot. Trump that is being insulted on X and different online platform. You think CIA or Police will arrest a citizen because they abused their president like Nigeria president does. You no just get shame. One they you will pay for all the injustices you are supporting online. It will reflect in your life.
Amen.

You think Democracy allows for stupidity

Samajogs:
so a labourer is not worthy of his wages... I hope this happens to you on a full scale. Foool

Keep quiet, the govt doesn't owe Corpers their wages, the 77k was an increment to the original wages. The original wages is still being paid pending when the new payment commences.

sevenhundred:
and what is primary responsibility of the police?

And a Governor is not responsible for the protection of lives and properties in his state?

musicwriter:
Any day Sanusi is overthrown or even arrested and it becomes something like Rivers State, I'll withdraw my support for Tinubu's administration.

This man obeyed the law and stayed quiet when he was removed from office, then another government reinstated him. Ever since all hell broke loose from thugs who are supposed to be role models.

I'll never support rascality and thuggery.

So Tinubu is one of the king makers and the factional ruiling house that took him and the state govt to court?. Abeg go and sit down.

Kudos to our First Lady, God bless you.

oz4real83:
you must be very idio.tic early this morning. You just have to desist from this early morning stuupidity, it will lead you nowhere. I won't even reply you any more, I don't have time for stupidoos.

You're a retard, next time think well before you make comments and stop smoking early in the morning.

oz4real83:
.

oz4real83:
It was either during the presidency of OBJ, Yar"Adua GEJ or PMB that something similar to this story was shown as "the first indigenous drone or UAV" , they even gave it one northern name like that. This makes somebody to wonder if these stories are even true when they keep calling them "the first UAV or drone

This was the link I asked you but after quoting you, you quickly added PMB to it and then put a link during PMB regime. I knew early morning weed must be affecting you. Drones during OBJ, Yaradua or GEJ, for where?.

oz4real83:
It was either during the presidency of OBJ, Yar"Adua or GEJ that something similar to this story was shown as "the first indigenous drone or UAV" , they even gave it one northern name like that. This makes somebody to wonder if these stories are even true when they keep calling them "the first UAV or drone

You must be high on Colos. Bring your link to the story.

rinzaugustine:
dirty poverty stricken tribal marks scarified face broomstick bleached legs dumb agbo hawker

You really described your mother, Lol

jaxxy:
Sadly Emefiele cannot defend himself from these accusations because he's been charged with many other accusations he's answering to.


One thing is clear the economy is in a disaster.

He defended himself but does that even make sense?. He said liabilities, encumbrances and fluctuations to reserves are normal. But he couldn't deny the figure.

https://nairametrics.com/2023/08/24/cbn-slams-jp-morgan-says-its-estimate-of-nigerias-fx-reserve-is-misleading/

MEEVEET:
Who has borrowed Tinubu the over 10 billion he has borrowed in 2 years? ... Man said he had the connection to get us 10 to 15 billion dollars loan... How's that my business

Tinubu have taken over 10 billion dollars loan achieved nothing with it... 7.7 trillion in subsidies yet petrol is ₦1000

8 billion dollars to defend naira yet it's ₦1500 to a dollar...

Some of you are funny 🤣

Show us your proof Tinubu borrowed over $10 billion, no come here with Agulu beer parlour gossips.
The man told you he has connection where? , na he papa get world bank? . That's how he be giving them lamba and these ignorant people go dey believe am. He has connection yet Anambra monorail died as MoU . God I beg

MEEVEET:
Lmao I remember when I told you obi promise to collect lumps sum of 10 to 15 billion loan to float the naira u argued its impossible

When defending currency lump sum loan is the ultimate because it builds confidence... With that u devalue to a figure u can defend for 18 months to build confidence...
- you forget major infrastructure focus on human capital investment especially important substitutes and export oriented businesses

Only a fool would focus on infrastructure when trying to stabilize the economy


APC refused to build confidence, used money to invest in human capital investment to build feel good infrastructure AKA legacy projects
- continue to pay subsidy in petrol and power

Then turn around to ask why it failed

This one is even dumber than Obi, who will borrow you $10 billion lump sum?, An African country for that matter. With 97% revenue for debt servicing, you are borrowing to pay for subsidy and $3b reserves?, where creditors no dey gree borrow you money again. It got to a point that even China refused to give us fresh loan. Is this what will give you $10-15 billion lump sum loan?, like Obi's father is the owner of World bank and IMF?, these zombidients sha. You even think you can compare yourself to Argentina that's literally like a protectorate to the US.

rinzaugustine:
you expect me to read this useless trash from an agbo seller?

Look at a smelly akpu seller talking

LegendHero:
Lol how many Nigerians dey access the $ at N400? I send money home regularly, as at May 2023, na over N700+ we dey send am. Yet our FX net reserved was depleted to less than $4bn.

So how can Tinubu support FX with $8bn, pay almost $9bn in backlog, and still increase the net reserve from $3.99bn in 2023 to over $23bn in 2025? If you understand numbers, can you see how dumbb your statement sound?

As per the propaganda you posted, Na lie go wound you guys. You know what Rewane used to qualify people like you who purposely took him out of context and wrote that useless headline?

“Nothing in this world is more dangerous than sincere ignorance and conscientious stweepidity.”

Watch his video interview with Rotus below, he never claimd that nonsense you post in that context.

Do you know how many headlines those headless mob have twisted and misinterpreted?. They are not the first person to lose an election in the history of this country but look at them behaving like mad people. Thinking because that statistics-cramming Illiterate that increased poverty rate in Anambra, lost an election therefore their world has ended.

rinzaugustine:
Most importers had access to it at $400 and even a child is supposed to know that most of the things used in Nigeria are imported so imported had most access. Students, visitors and all overseas travelers had access to it at $400 and apart from these subsection of the society what would any other person outside this category need dollar for?

Who else have access to the CBN figures Gatusso is bandying except himself. Is this not the same CBN we all heard how from Anthony Ani to Emefiele of recent printed monies for themselves while dishing out same false information gatusso is dishing out today or do we go into the case of bunmi oni that was cooking up false figures for Cadbury investors back then and ended up swindling people of their money and you expect a sane person or an international investor to believe figures that have not been verified by any other source? You have more than $30bn and you are going abroad to beg for $1bn loan at very ridiculous interests rates that hurts you and expect a same mind to believe that ridiculous bolekaja junk ? Rewane case is normal , his case is not different. Anytime any person tries to say the truth the tribal corruptly depraved minds attack them to change their minds from truth. It happened to gani adams, olaiya igwe, Oni , awujale etc You must be joking or a clown seriously

See this ignoramus ipob, the more they debunk your stupid lies and gossip tales with superior facts, the more you go back to cooking more senseless conspiracy theories that has no verifiable trace. When will you ipob losers understand that lies and propaganda will never win you an election. We have witnessed your Agulu fraud apologize for lying and misrepresenting facts several times, even deleting his tweets when being bursted. If your leader can lie shamelessly, how much more a bunch of empty headed supporters calling themselves headless mob.
Look at at how your changing the goalpost and rambling like a goat. So, if Nigeria has $30b net reserves, they should use it to build roads or railways or to pay salaries?, is that the purpose of a reserve?, Why are you bitter people so dumb?. USA has the highest reserves yet they are the most indebted country in the world, why can't you say they should use their reserves rather than borrow?. If Argentina secured this new tranches of loan, they will then overtake the US as the most indebted country in the world. This is the same Millei that Atiku and ignorant Obidients were once hailing but they don't know that he has plunged Argentina deeper into a hole than he met it despite cutting down costs and laying off lots of employees, thereby increasing the rate of unemployment. Imagine Tinubu trying to reduce cost by laying off workers in MDAs, it is you losers that will start wailing that Tinubu is taking jobs away from Nigerians making them jobless.

femisplash:
From the above, remember, if you might, that there was a contention between the CBN and JP Morgan. While Emefiele reported a net reserves of $38.8billion as at 2023 before leaving office, JP Morgan ( Nigeria's foreign banker) refuted his claim with a hard fact which put our reserves at $3.7billion. A staggering differential from what was initially painted to the public. This is a NET figure not GROSS figure.
Please, refer to the below link:

JP Morgan estimates Nigeria’s net external reserve to be around $3.7 billion

https://nairametrics.com/2023/08/21/jp-morgan-estimates-nigerias-net-external-reserve-to-be-around-3-7-billion/

The Net reserves figure of $3.7billion was arrived at after deductions of forward contracts, currency swap and securities lending.

While we struggled with little to nothing, Emefiele padded the stats ( reserves), giving a false impression we had just about a healthy reserves with the aim of persuading both creditors and investors alike. And indeed, it did. Shortly after the reports by Emefiele, the market reacted positively, creditors were giving us more loans, we got more to pay for subsidy, infrastructure, railways, recurrent expenditure, and all. However, the moment JP Morgan gave a counter-fact to the true financial status of our foreign reserves, everything went downhill, investors pulled out their funds, the market was deflated, foreign banks / lenders refused to give our importers letters of credits, the naira fell all the way to around 907 to a dollar, before Emefiele was eventually fired. And consequently, the naira being floated.

Remember in all of these, while we tried wriggling through, the cude oil which is our major source of foreign exchange had been sold in advance for loans. So, while we produced about 1.1/1.2 mpb , a greater percentage had been used to offset loans in advance. We literally used everything we had to borrow, while we had nothing as a buffer. The country was on a verge of total collapse.

Let me give a practical illustration for easy understanding of the country's situation at the time; like you have N500 in your account, then you go borrow cash of N2500 from Mr X which adds up your balance to N3000 and then go to Mr Y to borrow another cash of N2000, adding up your cash balance to N5000. Just so to give a false impression that you're worth N5,000 meanwhile, you true worth is N500 ONLY!. With N500, no creditor will ever give you loan because it's a red flag. So you had to pad up your worth to N5000 to convince your creditors that you were credit worthy. And that was how we were living and running the economy 10-11years ago, untill President Tinubu pressed the reset button.
Hard and tough the decisions might be, it helped reposition the economy from the verge of a total collapse. Which is evident in our net reserves gaining a significant leap from $3.7billion to $23.8 in less than two years. This is as a result of unrelenting efforts of a bunch of good policies and systematic implementation thereof.

Until we look beyond food inflation which is self-inflicted ( bandits attacks on farmers) which might have eroded our true sense of appreciating the Government that has done a yoeman's job of saving a banged-up economy from a total collapse.

Expertly put, even a Pry six pupil would understand so easily. Unfortunately, many ignorant people do not understand the level of rot we were coming from. They are only an expert in talking rubbish ignorantly on social media.

Where's that Aboki guy called Typing, so Emefiele & Buhari left us with $3.7b, they really finished us like this.. eweee!

nedu666:
Stop lying to make yourself happy. Tinubu wanted 60% derivation 20% population 20% equity. The reps passed 50% equity, 30% derivation 20% population. Tinubu wanted wanted 10% progress to 15%. Reps passed 7.5%. They removed inheritance tax, hiring consultants etc

Another illiterate, Tinubu already said it in his Presidential chat that he wouldn't mind concession but a reasonable one. And that's what he got. If you wanted 60% derivation for states where goods are being consumed and you got 30% which is by far better than the current one. The states especially the Southern states will always appreciate him for that. He wanted 20% for population and he got it, he wanted 60% for derivation and got 30%, fair deal. So, what nonsense are you talking about?

Agbegbaorogboye:
What is zombie saying

The derivation was reduced from 60% to 30%

What is zombie saying? The equality og states was increased by 10% same with derivation

Are you this ignorant or just playing

Can you see how buffoonish you sound. Why can't you reduce the derivation back to 20 or 15%?. Why did you allow an increase in states derivation by 10%?, don't you know what 10% increase means to the states?. I thought your noise will shut it down completely
As VAT increase was suspended at 7.5%, ( which wasn't even their bone of contention) that's what I thought your Northern noisemakers will also suspend any derivation that will reduce the collection on population which is the fraud used in getting more money and also stop states derivation from being increased. Illiterate boy.

Agbegbaorogboye:
The contents are out already dummy bottom
VAT is 7.5%
No more inheritance tax
VAT is to be shared in accordance with NGF structure
Oyedele's paper is being used to wipe Almajiri yansh in Gombe

Illiterate but I thought your Almajiri wanted the status quo to remain . The VAT sharing which they depended on based on population has been reduced in the new tax, the VAT on derivation has also been increased. Which is a departure from the current VAT sharing formula and you come here talking ignorantly like a typical dumbo that you are. You know I keep telling you that that your rusty head na me go flog am tire.

Alliswell248:
For us to take you as a wise person.

Drop the links to both versions.

Talk is cheap.

That guy Typing na Aboki, he doesn't know anything, just trolling ignorantly.

Agbegbaorogboye:
They passed the northern version of the bill

The Oyedele version is being used to clean yansh right now in a village in Bauchi

Typing:
Yes na. And Tinubu MUST sign it to law


The North no be Tinubu mate. His title Jagaban na for Yoruba people only

Ignorant Illiterates . You don't even know the contents. Despite your noise and threats, person wey pass you pass you.

chatinent:
Arrest only to be released without prosecution is rubbish.

Must everything lead to prosecution? Online lawyer.

chatinent:
EFCC and initial gragra against politicians just to look competent.

And if he was not arrested and paraded, same you will still complain that politicians are untouchable. Naija people, nobody sabi pound una yam.

treesun:
This is a public forum, everyone is free to think, like this.Enjoy your foolishness!

E don complete am 😅😅😂😂 3 in 1, i salute you 😅😅😭😭

iwaeda:
Mo tun se Omo Ibo mo. You need to visit Yaba, opposite Oju irin. I am Racoon too.

Ogododo, tressun, I said keep quiet, shameless man from Kwara claiming Lagos.