₦airaland Forum

“No one should come out in 2019 and declare his ambition. The only way to avoid not wasting their money is to support Ambode and his deputy to rule Lagos for the next six years,”

That's a foolish thing to say. It's called democracy, not a monarchy, as he is accustomed to.

Those are the kinds of sentiments that fuel lifelong dictatorships.
No matter how good an elected official is, the process of democracy isn't negotiable.

Ugosample:
Whichever way you did it, there was an injection of forex into the country, whether it entered through the window, door, leaking roof, however, the important thing is that it came in.

I think you missed the point.

Point being, people aren't really going to Nigeria with wads of dollars anymore (as they no longer have to).
They can get Naira directly from their US account at a Nigerian ATM, as needed.

10 years ago for instance, Mastercard or Visa cards weren't functional in Nigerian ATMs.
Therefore, the most convenient option was hard cash swaps. This is no longer necessary.

So yes, there might be an injection of hard forex, but at negligible amounts.

Ugosample:
But when the Nigerians come home for summer holiday, normally that should increase the supply of forex in the system.

Or what do you think

That is also true. However, I don't believe the incoming currency from vacationers comes close to the local demand.

Last time I visited Nigeria, I don't recall exchanging more than $1,000 in cash.
Matter of fact, I returned with most of the physical cash I took.

Primarily because it was more convenient to get cash from an ATM. Instant conversion to Naira.
This way, I didn't have to deal with some shady gentlemen each time I needed Naira.

I believe many others also operate this way.

CoolAmbience:
They would say it's all propaganda, like one has already said.

They are only interested in hearing negative news about the government of the day.

I really don't care about the political angle in Nigeria. However, this "appreciation" has very little to do with economic forces. It's purely good ol arbitration at play.

There's something in financial arbitration called "pump and dump." Right now, from the info presented, hoarders are dumping fast to get the most they can. This triggers the race to the bottom.

However, dumps typically don't last too long, because the source is very limited.
Sometimes, values stay low after a dump, but typically they go back up.

The way I see it, it'll go back up when people in Nigeria start coming around for summer vacation, sometime around May.

Until the "unofficial official rate" changes, there's no true yardstick for economic impacts on the Naira.

Never mind, I figured out a solution.

I am in the process of having someone in Nigeria (Lagos & Abuja) manage/run a web business I own, but have no time for anymore.
In order for the person to do this, they'll need a decent home connection on a PC, as there's a lot of video content involved.

My question is, what companies are you aware of that provide decent monthly rates/services for high cap data plans?
Either Lagos or Abuja.

Also, what do you use for home internet on a computer? (not mobile device).

I can definitely Google up services in those places, but I'm asking here to get insight on actual user experience.

lielbree:
I simply don't have the platform.

I'm not famous or rich enough to buy people to get on my side.

If I say I want to lead the protest, I won't get a big enough audience to get the attention so desperately needed.
But that does not mean I'm doing nothing. I'm ready to join the protest!

Excuses upon excuses. Doers do, they don't line up excuses.

We live in a world where people can easily be mobilized online for a worthy cause. Start a thread on Nairaland, start a social media group etc.
Galvanize the base, and it will grow organically and fast, if you can articulate your message clearly.

Never think of what you can do with what you don't have, but what you DO have.
If you try and fail, you're lightyears ahead of someone who has made zero attempts.

So I'll ask you again, what is stopping YOU from leading a protest? YOU are the people you're waiting for.

lielbree:
Nigerians are myopic and docile. We want something as expensive as good governance yet think it will be handed to us for free... lol

We need to read more history books. How the western world fought against corrupt dictators, revolution after revolution to get to where they are today.

My people are too weak , common protest is too much to ask. Yet we expect the fg not to loot

Who are the people you speak about? YOU are the people.
What stops YOU from leading the protest?

HungerBAD:
Irrelevant people.

It is only in Nigeria, uneducated celebrities think they are relevant in the Governance of a Country. The business of running a Country is not a Comedy Show,or singing you are my African Queen.

This is exactly one of the reasons Trump won in the US. Because Hollywood ganged up against him,and thought they could use their star power to influence the election.

You entertainers should stick to entertaining,and let serious minded people worry about Nigeria.

You mean the "serious minded" people who have been raping that country called Nigeria since it was hacked together?

And if you consider yourself one of the "serious minded" people, the real question is what have YOU done to improve Nigeria?

leofab:
Twoface want to be like Obasanjo while Idris wants to be like Fela.. shame on 2-face and where is Idris my man?

That's probably the only question you should be asking. If Eedris is such a revolutionary, what significant uprising has he championed?

Any idiot can verbally conquer the world from the comfort of their homes. Walk the walk, don't talk the talk.

Haha. I was going to create a thread like this some days ago, but never got around to doing it.

When I saw the original post on Nairaland, my tingling senses for big money started buzzing, so I did some math.
I figured it would be a worthwhile investment to fly out and buy that thing real quick before someone else does.

My first move was to visit a restoration specialist company specializing in both luxury and vintage vehicles.
They're reputable and have restored/sold multiple 1995 F50s, so I figured they'd know.

I gave them the photo and they said they'd take a close look at it and email me. This is an excerpt from the email:

In looking at the image, it appears to be a replica F50 so not a “real” car. A factory produced F50 is worth between $1.8-2.2M, but the attached image although it looks like an F50, it isn’t.

I wasn't too happy to hear that, as I like me a nice chunk of change in a swift deal.

zinachidi:
thank God for antiretroviral drugs. See how fresh she is looking, not those times. If u have AIDS u'd be looking like one sickler...


I can date a pos girl though, if i like her enough. Dosen't necessarily mean i will have it too.

HIV and AIDS aren't the same.

donfemo:
Funny thing is he has not been to a state in Naija with an international airport that fly these routes.

He just said right above you that he only travels through Abuja. Abuja is not a state.


To the people on this thread running their mouths about those who mentioned countries they've been:

"you ain't accustomed to customs, you ain't been nowhere huh?.." - Kanye West

chiefolododo:
We live in a complicated world

We live in a simple world. It's assholes who complicate it.

MrEverest:
I doubt you really did research on MMM as you said op, your analysis is wrong. I hope you wont eat your words when they come out again in january.

Whether or not they return is irrelevant. It's not a matter of if, but a matter of when it would collapse.

MMM is not a business by design, so it is NOT self-sustaining.

EVERY "HYIP" scheme eventually fails, leaving the tears of greedy people behind.

No exceptions.

cupidFlint:
We were warned to invest with our spare money which I personally did. am not even disturbed. if it comes back on in January, which I doubt it would, then good for us, if it doesn't so be it. The greatest blame should be on the present government cos if our economy had been buoyant these folks wouldn't have come in the first place.

.

That's a lie.

The ONLY person to be blamed is YOU, for being greedy. MLM, MMM and such pyramid schemes have been in the US and most other functional countries for a long time. It has NOTHING to do with a failed government, but personal greed of those who go into it.

MMM is pretty much the same as the flood of HYIP websites we had about 10 to 13 years ago.

The people at the end ALWAYS get burned. No exceptions to this rule.

tammie24:
One can't deny the fact that MMM has help a lot of people, I'm not a participant of MMM but from what I've seen around it seems to be the answer to the prayers of people especially with the current economic situation in the country. I've observed that most of the people that want mmm gone are people that are well to do that like people to remain below them and never become something in life. When you realise that the person who is always asking you for money stops, you start getting jealous and angry. I hope MMM comes back though but they need to do serious damage control!

You can't do damage control to something that is inherently damaged.

You can put lipstick on a pig, but it's still a damn swine.

madridguy:
MMM not for unfit boys but for the real MEN. Drink Otapiapia for wetin?

MMM rocks like CR7.

Next Otapiapia drinker indetified.

It's only a matter of time.

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martineverest:
ode,i dont need to sit under the sun like u to make money.....

How many times have u seen peter sitting under sun to make money?....reason with ur brain,not with ur left leg,abeg

It's funny you would say that, because when I lived in Nigeria, I attended an outdoor P-square show around 2004.
It was day time, the sun was blazing, as they performed energetically with their dancers - while sweating profusely under the Nigerian sun.

If that's not the literal definition of Peter being under the sun to make money, I have no idea what is.

martineverest:
abegi,such thing will only occur when u tone or bleach....stop using caro white

Be quiet. You probably sit in your father's house all day waiting for your mother to serve dinner.

Go out and hustle in the sun, then you'd understand what the elements can do to the skin.

Nothing applies universally. So the fact it affects some, but not others doesn't make it false.

bigtt76:
Never knew he had a daughter and or still with the wife how cute!

Me neither. Is that the same wife he married in the 90s? I think she was from Tunisia or so.

alpha2zulu:
Abeg the story too long jor

Typical!

Smallville10:
This one is worse dan jungle justice

How so?

GossipHeart:


Attention seeking whores

Perv Alert!



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ekanDamie:
havnt u thought of it, that if this back doorers don't get forex, to trade on d streets for extra
profit, deld actually allow it be and go through d right channels as u claim?
cos some are using their position to steer it away from d right source for extra profit.

You're missing the bigger picture and the fundamental economic principles at play.

Scarcity drives value.

The only way the parallel market can peg their prices high is the official channel's inadequacy in serving the market.


I don't know if it's any different now, but as an example:

When the gas stations (fuel) in Nigeria are on their perpetual outages, the "black market" gas sellers hike their prices.
It doesn't mean the black market sellers are controlling/manipulating market prices, in the grand scheme of things.

It just means they're capitalizing on the scarcity brought about by Nigeria's inefficient petroleum industry.
The simple solution to get rid of such "black market" holds on an economy is to make the commodity available at the official/regulated source.