₦airaland Forum

How could speculators defy forces of demand and supply so easily?

Something is not adding up.

Ogogoro economist.

Cassava and palm oil. Lol.

Is this a solution?

I see like FG banning Nairaland because people are using in ways they don't like.

Seun:
Yes, I created a forum called mobilenigeria in the middle of the GSM revolution.

Please how did it go? You just aroused curiosity.

Apply from here to all parts of the world. You could secure a job. Nursing is not accounting or law.

Lol. Abuja guys are selling their like kponmo. So cheap.

Garri and cassava derivatives generally. Farmers where complaining about excess harvest and waste under GEJ.
Today Garri is like corn flakes.

The volume of dollar traded is too low. BDCs are not the cause of the slump in naira value. Speculator will be around 1000 years from now if time allows.

I with rather tax import in an astronomical way to discourage imports of frivolities than embrace this method of brute force.

Allardyce:
Is there anyone that is for Tinubu and his foolish style of governance?

which of the ijebus?
Ijebu Igbo ?
Ijebu Ode ?
Ijebu mushin?

No serious journalist will write ijebu, and use a laughing picture of Tinubu for such piece.

In Ijebu, Ogun State, a bag of sachet water is now N620, thrice its former price. With a bag costing N620, one piece of sachet water sells for N30 in Ijebu.

This robbery. N620 when it sellls for as low as N250 in abuja and environs. It even cost more get raw material to the north than ijebu.

That picture though. The writer or OP is anti-tinubu

Instead of this, import food enmass and sell with tiny profit to achieve two things.
1. Crash food prices.
2. Put food on more tables.

After that, print your usual money, give 30% to farmer as input and tell them you are buying their output so they will be motivated to work hardest. Buy the output with remaining 70% into national food reserve.
As they pay tax, use that to pay salary gradually.

Our leaders can access forex to go out anytime any day so they don't care. Tinubu can raid the small forex inside this mans account and offer his people printed and increasingly worthless Naira, then use the forex to go out and enjoy healthcare in France.

iwaeda:
Greene, who spoke on Wednesday at Ipao Ekiti, in Ikole Council area of Ekiti State during a visit by the US Embassy to the 15,000 hectares Agbeyewa Farms, a private initiative of Cavista Holdings, urged Nigeria to harness its abundant arable lands, fertile soil and favourable weather endowments to provide food for the citizenry and as well export.

He urged federal and state governments to take a cue from Agbeyewa Farms which had greatly tapped into the economic potentials of large-scale agriculture, saying, “We are aware of the food security challenge and the post-harvest losses in Nigeria. With Investments and leadership like this, I think the lives of a lot of Nigerians can be changed for the better.

This farm will be harder to be overrun by herders and Fulani terrorists. This is the way forward for Nigerian agriculture. Large farms that are publicly quoted on NSE will open door for people who recognize the need to invest in agriculture but too scared to go into it because of a failed system.

Only import substitution and local production can arrest it.

Plea from DSS?
They must have learnt a thing or two from EFCC and BDCs.

Half bread is better than none.

Even if dollar doesn't affect a local produce, because the alternative is imported and importable, selling yours for less will make someone simply buy it and resell for higher rate(Intl rate).

Why did Buhari only plan for 6 months of petrol subsidy in 2023?
This one is trying to play the ignorancr game to shift blame from bubu.

Juliearth:
Consider this a sequel to the thread earlier created.

Thus if you had 1000 naira to create a perfect man, how would you go about it. Bear in mind:

Six packs/perfectly toned body = N500
Faithfulness= N300
Intelligence = N700
Looks = N200
Spirituality= N300
Loyalty= N200
Financial worth=N400
Hygiene= N200
Romantic = N200
Funny= N300

Ladies, let's ruffle up these numbers.

spirituality can be towards God or towards that other one named Satan.
Financial worth isn't a static thing. N300k salary now is like 80k salary 3 years ago.

Combustion of hydrocarbon will always produce heat.

...so we girls can enjoy.

The second part says where she is speaking from.

Localemperor:
You have N1000 to create the perfect woman

Big Breasts = N500
Faithful= N300
Intelligence = N500
Beauty = N200
Godly= N300
Respectful= N300
Big Ass= N500
Good In Bed= N200
Good Cook = N200
Funny= N300

Let us see what guys will choose. No chance for loan.

N300 is enough. Godly will secure intelligence and respectful and faithful for free. The remaining N700 will be used to secure my own godliness.

Controlling spirit phenomenon.

These Lagosians arsonists again.

Hunger and malnutrition have joined PDP and LP. This man is making so much sense right now. So much nonsensical sense.

Yankee101:
A lot of people are hungry and are not going to steal or beg

A wicked ruler is a curse on a nation

The fact that he didn't resort to something bad points to him being a good person. He should be helped in bigger ways.

I think some persons close to the president are misquiding him.
Hoarding is natural if sellers sense imminent price hike or scarcity. And we know that leads to a temporary shortage in supply, and thus price hike. They are two overlapping and complementary phenomenon. That achied one undesirable thing - inflation.

The disparity between our prices and our neighbour's should be closed by adjusting first. Even if subsidy must be maintained, it shouldn't be so huge that smuggling now becomes attractive to marketers.

Closing the disparity gap will also reduce burden of what FG pays per litre and by total volume consumed.

“These improved returns will then be directed towards crucial funding for education, healthcare, housing, power, roads and other areas vital to lifting millions out of poverty,” Tinubu said.

“And stimulating sustainable economic development and job creation for the youths.”

Howvwill this reduce poverty. Lootables projects is allbi see.

ShobayoEmma:
The north seems to be using two out of the three potent powers they have. weaponize food for closing Niger border, weaponize forex just to teach the south lessons for taking their dollar subsidy away.

Tinubu was right, let us endure for awhile, their will always be antagonists for true restructuring.







Tinubu, a bad man with good intentions

This your divide and conquer so, can it work?