₦airaland Forum

andyanders:
Is Julius a normal person? he is just trying to see himself as a person while not knowing that he has lost it even health wise. Why must his person saying such a thing knowing fully well that here in Africa, something like this happens during ceremonies like, burial, wedding and events of such nature.

Look at how he looks as someone who is mentally sick. Nonsense.

BE811APP:
Nigerians very sensitive

chukkygold014:
As 4 me,i will spank her a little n then take her 2 d bathrum 4 wash-up....hv done worst dan dis,it's part of d "grow'n up process of a child...if dem no do am nw,wen dem go kan do am?

KashyBaby:
First of all,I wud definitely scream...how on earth she got the butter from the fridge?

PBundles:
Though I understand his argument, its not based on economics, like most of the comments on this forum. Doing what feels right is not alwys correct. The Nairas values has already been valued on the parellel market and just because you dont want to devalue it doesnt mean much.

Yes he is correct we are a net importing country so there would be an some adverse affect, but on the whole it would certainly ease tensions and render some positives. Does he also realise that he is indirectly subsidsing the difference. What he is speaking about we are a long way from getting there, because we never stimulated it and frankly there is no more funds to stimulate these activities especially now that thet government themselves are running short due to the collapse of oil. Also when this picks ups as he says, exporting, how will the rate help exporters? IT WONT. So they need to make a choice, you cant eat you cake and have it.

Does he realise that it will lead to back door transactions (any dollar distributed will find its way to the black market as they can gain on the difference).

Either you say NO dvaluation, restriction of dollars leaving and transactions, no exportation of goods that are needed in the country, stop of ALL products being imported for a period of say 2-3 years, now we are talking. Painful, but a chance to succeed. Thing is our entire economy is dependent on import, form fertilizer to the oil we export, we import refined back..............so good luck with that.

This is simply an delay of execution. The prisioner that has been sentenced to death will die, no mater how many times the delay it. The delay is what is most painful, just get the damn thing over with so ppl know what they are dealing with.

ojesymsym:
Make una leave that guy. Everybody de form economist now a days. If he is truly in d us and brings that cash into Nigerian, he would have to use the bank which means he will be changing it at 199naira CBN rate. Any attempt to carry it as hand language becomes money laundering and could be forfeited. Some people de make me laff. If he has that fund really he can make money now by helping people pay things like school fees in d us while parents pay into his naira account t in Nigeria at an exchange rate higher than CBN rate and slightly lower Dan market rate.

Saifullah01:
MAN should realise that PMB is trying to optimise the utility of our current reserves subject to a constraint of falling oil prices and unlimited 'raw materials' to be put on that list. So my advice is this:


As unauthodox as it may seem this is a time for Nigeria to boost its local industries. This is like a protectionist regime imposed by the government for local manufacturing to take advantage of by governments refusial to devalue.

I was in kaduna yesterday and met with one of sokoto state government officials, he told me he was coming back from inoson motors HQ to discuss the possibility of supplying 800 sedans to the state government (and am very sure other states are looking towards that direction too).
My fear is does inoson motors have the capacity to service this sudden interest in their motors. So rather than MAN complain on government FX policies they should encourage their members to seize the opportunity. I expect inoson motors to drag CBN top officials to their plant - just like dangote did to his refinery - and secure commitment from the CBN to prioritise them if they choose to request FX for expansion of operations.

I read an article once in the Harvard business review about international businesses in China, the author was complaining about how it takes more than 6 months to obtain a 1 year business permit in China! (You think that was just because of bureaucracy? ). That was their government delibrately protecting local companies from foreign competitors. Little wonder Chinese companies are number 1 in all sector of their economy.

And those that feel devaluation provides some sort of silver bullet, if we devalue then what?

Devaluation is meant to reduce the pressure on governments scarce dollar reserves by freeing it up for "other purposes". But by banning non essential items (call controlled devaluation) government has effectively freed up FX for essential purpose or "other purposes" like importation of raw materials and spare parts for local manufacturing. So let's not get it twisted, devaluation of the naira won't bring down the price the perfume (Montale - black auod) I coughed out 39k naira to buy online to 19k naira.

Dollarchap:
Devaluation of currency cannot in any way help our economy. Nigerian economy is import driven. Until we shift our focus from oil and begin to export non-oil products and still maintain positive balance of payments, devaluation will continue to kill our economy. I think the problem is that our government considered only our external reserves when they devalued the currency. But what of the other macro economic variables?
Government should please reverse this policy for the sake of small and medium scale enterprises.

danjumakolo:
Devaluation will make more meaning if we have 100% of power and high capacity utilization.This will make everything to be sourced within the country.

LRNZH:

But to think of it, 1N to $1 is not necessarily an economic advantage especially if we want to boost exports in the future. Read the OP.

989900:
-- Henry Boyo.

I have 3 other topics on devaluation; you can read them.
Devaluation, is a cosmetic solution, or symptomatic solution if you will, to an underlying cause -- especially in our case -- where are our exports?!

It's like taking paracetamol for stage 4 cancer, and hoping that cures! We have an endemic problem here y'all!

Btruth:
.....thank you & God bless you. Help tell them more, it seems people don't understand that the world economy is affected and not only Nigeria. What else do you want PMB to do? I tire oooo

Wiliomax:
pile z safer....

ridious:
Both raft and pile are two good options but as for me, i would imploy you to go for raft, its owk if you can endure the cost... Pile foundations are mostly used for bigger project.. I can give 99.99% trust on it... Make sure its a german floor with dpc (damp proof course) BEST OF LUCK

LagosObama:
You've made the first mistake by filling the site before commencing your foundation because you will
either have to allow the filled up sand to settle (which could take years!!) or dig deeper to more solid ground. Please follow
advice on this thread to employ a competent structural engr who can advise you further before you make more
mistakes!

asamaigho:
both foundations are ok,but d cost of pile foundation is higher raft foundation,because even in a pile foundation u stil have top it wit a raft foundation.
a raft foundation for a building of such magnitude could get to 1.5m thick,dats massive concrete as reinforcement.dat may cost u well above 10m naira.
for pile
a steel hollow pipe,say 24" pipe cost about 600k or there abt,hmmmm,multiply by d total number of columns ,lets assume 35,hmm dats alot of money.den u have to connect all piles with well reinforced beams,den cast the floor with a raft foundation of about 600mm thickness.

the bottom line is both foundations are ok,the cost is what u should b comcerned about.

finally foundation is very important in a building.so please get a civil engr dat is specialised in geotech for proper soil investigation and test.
2 get a civil engr dat is specialised in structural eng.


please dont go for roadside. brick layer oo hmm.

asamaigho:
both foundations are ok,but d cost of pile foundation is higher raft foundation,because even in a pile foundation u stil have top it wit a raft foundation.
a raft foundation for a building of such magnitude could get to 1.5m thick,dats massive concrete as reinforcement.dat may cost u well above 10m naira.
for pile
a steel hollow pipe,say 24" pipe cost about 600k or there abt,hmmmm,multiply by d total number of columns ,lets assume 35,hmm dats alot of money.den u have to connect all piles with well reinforced beams,den cast the floor with a raft foundation of about 600mm thickness.

the bottom line is both foundations are ok,the cost is what u should b comcerned about.

finally foundation is very important in a building.so please get a civil engr dat is specialised in geotech for proper soil investigation and test.
2 get a civil engr dat is specialised in structural eng.


please dont go for roadside. brick layer oo hmm.

Teddeebear:
combine raft, pad and pile if you have money …

dunkem21:
Pile .. Though it will cost you a fortune ..

udmbat:
Raft is preferable because of cost. Pile is too expensive.

babadem2much:
This is exactly what this guys are going through but we from the outside think they are grumbling or indiscipline,

PMB please listen to their plea and sack those involved

Wallade:
Can we discuss the various reasons you feel the minister of finance is incompetent?

Matured contribution and constructive criticism please