₦airaland Forum

That is what you get by voting in establishment people.
People in love with the status-quo.
Who don't see anything wrong with the way the country goes.
People that have been cultured by the system.

This is what you get when you vote for a smooth transition of waste and naked corruption.
Whereas people who truly feel they want a new experience on the other hand set out to clean the Augean Stable and toss out the trash.

One does not need to be a soothsayer to predict where this country is headed or have a doctorate in economics to know Nigeria is about a basket case. For these basket cases of governmental waste will NEVER lead to a better economy.

The more they claim to save, the more they claim to generate, they are sure to throw away.
Poverty is clearly written into our Constitution, supported by law (the budget is a document of law) and approved by the people (through their Legislators).

Big Brother calling.
Watch out to see how the silver screen will exploit them to make hay.

Hmm....you are in good company.

The Legislators have equally bought themselves billions of naira worth of vehicles while paying scant attention to the economy or the citizens living under the cudgel.

So it is a Nigerian thing. We operate a feudal system of existence and if you are like me and do not see anything wrong with the Legislators lapping it up, then I am sorry, your boss is right to so what he pleases and if.you are not satisfied..... go to court.

..... oh, I heard the judges so the same thing..... oh well....pray to God....as Nigerians who vote in bad leaders always advice.

They say Productivity is the direct antidote to inflation.
This is five months after energy and currency liberalisation (trigger of inflation).
Where is the productivity that is being cultivated by this government.
Where is the direction this government is headed economically that the average citizen can tap into to produce stuff and create wealth.

Which industry or industrial sector is prepped to begin mass employment?
Particularly sectors that produce tangible goods geared either towards import replacement or export.

Which sector is being prepped to engage Nigeria's competitive advantage?
They talk about mining for example and the next thing you hear is German cartography.
The same old template of inviting foreign participation that will invariably lead to cartels, exploitation and valueless exportation.
While the right template will be to start with the demand side of the value chain.

That is seeding the establishment of small scale processing plants and then organizing mining cooperatives to feed these plants and a metals exchange to guarantee fair prices and stable market.

Same thing in agriculture, same thing in construction, all mass employers of labour and potentially huge foreign exchange earners DIRECTLY INTO THE POCKETS OF THE CITIZENS.

But this are the things that are discussed and debated BEFORE elections.
Every candidate bringing REAL ideas, detailed plans to the table of scrutiny so that the people vote in whose ideas best serve their hopes.
So instead of hiring musical bands, court jesters and comedians to the campaign train like Wike aptly demonstrated, they spend the money hiring experts in all fields they hope to demonstrate.

So that a Wike for instance will have had a solid blueprint to work with now that he is in office.
Not what we see today, a nation that continues to decay while the elected leaders run around looking for solutions.

Herdamorlar:
With the high rise in the prices of all the basic needs. I returned from work this evening and I tried to write all I needed and to my surprise, my salary has finished with no savings for me.

I just don't know what to remove from the list right now, are we really going to continue like this? Especially those of us working for private companies, these private companies don't even bother to increase the salary of their workers with the rise in all commodities in the country.

Elections have consequences.
We are all here by choice.
The overwhelming choices of anointing leaders that have little capacity to handle things on our behalf.
Bad economies do not just drop out of the sky.
They are as a result of one step after the other in a wrong direction.
Shepherds that have led this nation into the desert to find pasture.

This man never talks straight.
His report on what is happening in his State always wears political sunshades.
One minute the situation is returned to normal, the next he is wailing about the barbarians banging at the gates of the city.
What these politicians do not realise is that democracy demands transparency to get things done.
Leadership that is constantly factual in its assessment of governance.
And this is because advocacy, civil pressure on government rides on clear leadership signals.

He has no army, no police of his own and scant resources to handle the problem.
What is there to hide and play politics with.
Tell it as it is so that Nigerians will drag the central government kicking and screaming to attend to the issues if need be.

Thonyb2:
https://.ng/2023/10/30/abia-were-cutting-down-cost-of-governance-gov-otti/

Hmmm, '....stakeholders, like the Orji's...' abi.

Charly68:
As long as our revenue source remains undiversified ,we shall continue to borrow from the developed nations. Our leaders must take the bull by the horn.and diversify our economy. Monolithic economy.is the name of our problem . Also loopholes must be blocked to earn more money. Too much weaknesses in our system . The Accountant.that tried to computerized the system was booted out as a minister. We can't continue in this order and expect miracle to happen from the moon

What do you expect when you vote and defend the kind of governments that seek to maintain the status quo at all costs.
You are asking for radical reforms from establishment politicians...? looking for virgins in a maternity ward (or how is it said)
What have you seen so far of this government that is RADICALLY DIFFERENT from all before it.

Same wash and wear policies, same contract and consultant led, same peddlers of influence, same pork for the boys, same wasteful, overbloated rent seeking system.

We in Abuja have seen padlocks and cobwebs on the once bubbling offices of a certain group of people and new ones appear to be spring up because a new sheriff is in town.

Very soon the clock will strike 6 months, then one year in office, then two, three, and another set of excuses will arrive from the kitchen of political deception and propaganda for the hungry to lap up and start the macabre electoral dance once again.

Elections after elections, government after government, yet the decline of the country is sure and steady. Th only thing improving, expanding and strengthening in Nigeria is the tolerance to suffering of the hapless citizen.

jamesversion:
Lagos is 5th largest economy in Africa. They can handle it.

Yes, that bridge had better be tolled to recoup all these costs.

Enough of this. Time to switch over to Serie A.
Inter v Roma drama.

I heard something quite surprising and curious today..... that Harry Maguire is the most expensive defender in world football..... say it isn't so....

How.... is this possible.

Not yet Haloween but City carving up united like a scary pumpkin.

That is what they often say when their misdeeds are exposed, play to the gallery and pander sentiment with the usual Nigerian B-movie rated content that speaks about, 'our enemy trying to bring us down...'.

United in self destruct mode...

One good thing that may come out of all this may be a decoupling of the economy away from a government centred one to a private sector one. A future where the CBN acts as a regulator not a market participant. Where their primary business will be more about the naira rather than the dollar. Where Nigerian banks will be forced to fund the real, productive sector with a strong bias for export led enterprises, simply because they cannot get their dollar fill elsewhere.

Tareq1105:
Capital punishment under Economic Sabotage Law is the only solution.

As we speak officials of this government are mopping up foreign exchange.
Are they saboteurs too?
The question is: Do you blame them.
Is the purchase of the dollar A BAD THING. Think about it carefully.
After all government SHOULD have its savings in foreign exchange so it too should BUY on our behalf to take charge of the economy.

Will you not advise your State government to buy up dollars so that inflation does not eat up its resources?
Will you not advise the company you work for to buy up foreign assets so that it can pay your salaries in this depressed economy.
Will you not save part of your salary in foreign exchange so that your wife does not chase you out of the house when you cannot provide sustainable soup money.

The fact is that buying up to save is not a crime, speculating is NOT a crime but a legitimate way every economic unit hedges, insures, protects (whatever you like to call it) itself from devaluation and inflation.

So the problem is never the markets. It is never the buying and selling of foreign exchange, neither is the problem the hoarding, warehousing or whatever (you many even say the government grows envious by the day that it does not command the biggest hoard of foreign exchange, and why should it.)

The problem is at the gates of the market, the GENERATION, the EARNING, the PRODUCTION, the INVESTMENT, the SPENDING of the foreign exchange that matters.

To be brutally honest, how does the government spend its foreign exchange that it cannot recharge its reserves, is it not by largely unproductive ventures, largely inefficient ventures, corruption, etc. Someone just said the millions going to SUV's. That is how government undermines its economic advantage, empties its coffers and becomes a minority player in the foreign exchange scape.

Who else in Nigeria will spend such HUGE amounts on administrative costs, cost centres that earn absolutely nothing. That is simply why government will continue to lack and the rest of Nigeria will continue to have. In hard times one responds properly by saving, while the other acts irresponsibly by frittering away the little it has.

First time a government in the history of this country is openly admitting that the illegal, black, unofficial (whatever you call it) economy is bigger than the one it claims to control and that the CBN is truly a minority player in the economy of Nigeria just as I have been asserting these past few weeks. (if anyone doubted the failure of the Emefiele initiative to mop up the naira as a real sign).

I think by waving the white flag and accepting that corruption has won I think the negotiations it is calling for with economic terrorists and saboteurs may just bring them out.... from the shadows at least.

The question will now be as is said in the movies, "what are ya gonna do abourit.....'

Must be good news for anyone who queues in the sun and rain to elect them.
Then fights tooth and nail to defend them.
While sinking into the mire of an utterly devastated country.

Elections for elections sake.
Winning for nothing.
Democracy that does not improve lives.
A nation in constant decline despite it all.
What is all the struggle, the violence, the bloodshed exactly about..... nothing.

What a match.
Classic El Classico.
And Bellingham is turning out to be Real's saviour.
Top scorer out of midfield.
This must be a first for the Galacticos.

Good goal for lazy Eddie.

Chai, Barca scores. Alaba assist.....

Saka should spend some time on the bench with Odegaard. Appears his battery is running low.

APC again in 2027..... that will be a nation that is utterly hopeless and beyond redemption. That means total dysfunction.

Angelfrost:
Strikers have not been thriving at Chelsea since Drogba and Costa.

Even Mbappe and Haaland will turn to Morata within one week in Chelsea.

See how Tammy, Lukaku, Giroud, Morata, etc, are all flexing since leaving the Bridge.


I think the problem lies in the absence of creativity, control and distribution in that midfield.

Modified: meant Giroud not Griezman.

I agree on the midfield part.
The last decent 10 they had was Cesc Fabregas.

They usually go for power midfielders in the ilk of Lampard rather than creative ball passers that can unlock defences and hold up attacks for a sustained periods.

Thru should take a page out of City. Their midfield is the resason for their absolute dominance and boat load of goals.

No creativity in midfield, no goals, simple.

Chelsea is really, really poor. With all the big budget actors on display this is a major let down.

Why not. My four year renewal rule remains sacrosanct. The debate is whether to go hybrid or full electric.

The scarcity of gasoline in Nigeria should tell the other side of the story. That the eta of the ICE automobile is coming to an end and we should be prepared for a life without those cars and parts.

GanagiBeetrus:
In recent times, prices of Goods and Services have been going up almost on daily basis, especially after the onset of Tinubu's administration and subsequent removal of Fuel Subsidy.

My phone I bought last July, I was shocked to discover the current price has increased by over 100k, in just a space of 3months.

Mr President has assured Nigerians that things will soon get better.
Even a notable Man of God prophesied that Naira will soon become stronger than Dollar.

Realistically and in all honesty, do you believe that prices of Goods and Services will return back to at least how it was before Tinubu's regime?

The simple answer is no.

The basic factors that necessitated the devaluation of the naira are fundamental to any progressive economy.

In a nutshell it means the only things that can contract in price are the things MADE in such ABUNDANCE that the forces of demand fall far short of the forced of supply.

Unfortunately your desired mobile phone is not one of them because it is highly unlikely you or anyone else in this country manufactures it.

Nigerians must come to a realization that they can only control the things they make for themselves. And even that is super hard enough.for no local producer has all the factors in check, in total control as to reduce prices in today's economy.

Failure of leadership.
No visionaries.
No patriots.
No statesmen and women.

This ought to be brought to an end in the near future.
Power is far too centralised with the deck firmly stacked in favour of the President.
If INEC as an institution has evolved into a proper unbiased umpire few will bother about how its operatives are hired.
But it simply hasn't inspired confidence.

soccerlite:
You mean everyone should go to bdc to get dollars

Scary

Hmmmm

Where is the BDC getting the dollars the banks and their father the CBN can't.
Solve this quagmire and the mysterious question of the foreign exchange conundrum of forty years is solved.