₦airaland Forum

ezekins:
It's unfortunate that you still don't reason in the right direction. I assume you are a Nigerian but you easily buy the position of our politicians as if you are a foreigner. Has naira not been devalued before and what became the resultant effect. Cbn should review the operation of domiciliary accounts in Nigeria because it's become a tool with which they use to hoard Fx in Nigeria. why should people be banking dollars , euro pounds in Nigeria. This will be my last reply to this. People should reason independently.

Too many of you don’t realise the magnitude of the challenge Nigeria faces. You obviously know little about macro/micro economic dynamics. Releasing all the dollars in domiciliary accounts won’t save the naira. Nigeria’s ability to generate dollar firepower is rapidly diminishing. Even if it did, Naira subsidy only breeds more corruption.

This is free market economics. Nigeria will never be competitive with all this finance command/control nonsense. FDI will continue to decline. We are paying the price for decades of underinvestment and corruption. The current naira value is artificial and unsustainable. Devaluation will happen whether we want it or not. Just a matter of time

ezekins:
Osibanjo has nothing to offer to Nigeria. for him to be pushing for the further devaluation the naira knowing fully well how valueless the naira is clearly shows his emptiness.

The fact remains no good investors can invest in a country that lacks basic infrastructure such as electricity, good roads, etc. Government that consistently shows no respect for the rule of law.

Osibanjo earned my respect for this truth he espouses. What we have now amounts to a ‘subsidy’ on the naira. Nigeria cannot afford it. It is artificial and seriously damaging our long term economic health.

What we have now is expensive, inefficient, unproductive, unsustainable and only delays the inevitable. Naira will sooner or later find it’s level whether the cbn likes it or not

TheRareGem1:
VP never call for Naira devaluation. He only called for an official rate reflective of market reality. The current dual exchange rates allows for arbitrage and blocks inflow/supply of dollars from investors.

Another word for devaluation. Market realities, market forces determining the exchange rate will result in a spiralling naira devaluation in the short to medium term.

What we have now is expensive, inefficient, unproductive, unsustainable and only delays the inevitable. Naira will sooner or later find it’s level whether the cbn likes it or not

Book a hotel taxi, tell them to pick you up from the domestic wing, that you’re arriving from Benin or wherever local. Call the driver just after you land to pick you up from the international wing instead as you’ve had a change of plans. This reduces your risk in several ways:

1. Local arrivals is much less kidnap risk compared to international arrivals
2. Last minute change of plan leaves little time for kidnappers to organise and adapt their kidnap plans

Finally, be vigilant as the vehicle moves. I tell the driver impromptu, the route I want him to take e.g. 3rd mainland bridge etc. No shortcuts, no detours, no 3rd party meet-up, no back streets. Being alert, outspoken is a deterrent by itself as it can unnerve criminals

God forbid that this desperate, power hungry old relic become President of Nigeria. Never.

Osibanjo preferred x100 times over!

I know that miscarriage of justice is prevalent in America. However, the burden of evidence nowadays, for a crime as serious as this is substantial. To be found guilty, with three attorneys representing you at different times is a bright red flag. There would have been an abundance of evidence to convict - dna, cctv, physical sightings, victim identification etc.

How did you end up being found guilty by a jury without these? Something ain’t right

descarado:
The West and the rest of the world will feign ignorance as long as they still have somethings they gain from Nigeria

They have nothing to gain from Nigeria. They have simply given up on Nigeria - their hopeless leaders and dorcile, mumu people.

APC sponsored group. Paid propaganda is all this worthless govt engages in!

Emu4life:
This nigga issa clown. Just dey use him Mumu supporters catch cruise

Herein lies the problem with Nigeria. Ignorant people suffering in silence. At least Reno is doing something about this hopeless govt. What are you doing?

Banning AbokiFX puts more pressure on the naira due to the information asymmetry this creates. Markets consider such controls anathema to transparent price discovery.

Counter productive. Our leaders have run out of ideas.

Rubbish. Propaganda. Would rather Nigeria burn to ashes than this criminal become President. Why isn’t this rogue in jail??

This slowpoke of a leader came to office to freeload on the nation. What a waste of space of a president!

NGpatriot:
Ode agbaya, the projects the money are financing are some of the ones you useless man refused to touch even though you had the money and decided to do the typical PDP looting and sharing.

You are senseless. Almost all the funds needed for 2022 budget is borrowed. What percentage of our budget goes to recurrent expenditure? Obj is spot on. Buhari is borrowing to fund salaries, buy food in presidential villa and other wasteful ventures.

Nigeria in deep sh1t

Abeg, tell us how much was paid as ransom.. gallant nonsense

He said he will rather die than join APC. Now he has joined APC. Pls say a prayer for this gluttonous, relevance seeking junky, so the curse he voiced upon himself doesn’t come to pass.

Splitmind:
Stop being ungrateful. Do you know how many people especially in that Europe and America are running to Nigeria because of the opportunities we have?

Nigerians don't know how to appreciate how lucky they are in this world.

Are you being sarcastic? If not, you need help for the ill-informed dribble you just posted!

Hezzyluv:
If you woshppin in a Bible bilivin church, God is there already

God is everywhere, in your house, in the street, everywhere

Hezzyluv:
I once asked similar question, can I pay my tithe to the church I see struggling financially? and was told I have to pay it to the church where I worship. That, that's where you're getin ur blessings from. You can always Saw seed and render assistance outside your tithe.

You are not getting your blessing from the Church. You get your blessing from God, the omnipotent. We need to get enlightened not to fall prey to businessmen pastors

timesup234:
For the first time I am going to support him. Nigerians abroad are slaves. They work like dogs. They are all depressed and need to be locked up in a mental institution

What an ignorant, generalised statement to make. I bet you never left the shores of Nigeria or only know your under achieving type abroad. Come see what some of your mates are doing abroad, while living in a peaceful, secure and civilised society.

Rubbish! Interpol involved in kidnapping? Rubbish

candidtalk:
Stop fooling yourself. The UK would have initiated the severing of diplomatic ties with Nigeria immediately if Kanu is a citizen they value or are convinced is innocent of the terrorist charges me and you know he is 100% guilty of same as Shekau and others.

If you think the UK had no hand in Kanu's arrest, wherever he was picked up eventually, then you are even more naive than a Nigerian child living in the most remote village with no school and no TV, radio or internet acccess.

Do you people live underground not to understand how the likes of interpol etal work when everyone agrees it is time to stop an individual they all consider a terrorist persona non grata?

Nope. NK was simply reckless. Arrogant boy. He must have entered a lawless African country thinking he’s invincible. This stup1d boys attitude really setback their struggle. Violence, childishness , recklessness

Alaska90:
Please do you have any proof that Britain extradited him to Nigeria?

Because there is nothing like that online...

And for your information extradition is done through a judge in court in UK

And its not done in secret so there is no way they could have done that without the public knowledge

Anything outside that is illegal

So please stop spreading fake news online

And if you have a proof share it here

Thank you

The only way he landed in Nigeria is via extradition, Interpol facilitating. But I agree it may not have been Britain, with NK travelling from place to place. Regardless, his approach was to immature and confrontational to those who would have supported his cause. Secession is justified with the actions of this hopeless govt, but NK messed up with his annoying approach

Kanu missed an opportunity. He is too self serving, prone to violence. His violence disposition made it easy for Britain to extradite him. He would have millions more supporting the cause if he’d been more responsible, less inciteful and forged peaceful agitation. NK is more stup1d than I thought

All these oversabi judgemental hypocrites saying the man shouldn’t have done this or that. Go and sit down abeg. I bet your life stinks even more, will do worse if in his shoes. This could happen to anyone, anywhere.

Waka pass on your moral high-horse abeg!

“Buhari is building” meaning what?? Using his personal funds or the trillions he’s taking in debt, 70% of which he and his cronies steal?

This is the problem with the black mans mind!

Reason he fought had supporting the senate leadership and Buhari. He’s been paid back. If you know you know.

Nigeria is finished!

nedugroup:
Has a US Nigeria lady taken a Nigerian man from African to marry her and live with her in the US. I want to know pls cos I have never heard it.

Yes. One of my in-laws in the US. She brings the man to the US. She is mean and bossy. Dude was being seriously maltreated to the point of being hospitalised for mental breakdown. In distress, he starts to complain seriously to her family members. She wasn’t going to stand for that. She arranges a vacation to Nigeria with him. He needed to visit his family in the village. They arrange to regroup in Lagos two days before flying back together to the US. Oga returns as planned only to be told wife returned to the US the day before. She dumped him in Nigeria. Took ALL his documents with her. Oga entered a state of shock, sat outside the property for days, distressed. Poor man died two months later, depression and heart break �

The concept of bringing a spouse abroad is a definite no no. Never. Women are less likely to be victims , as they get what they want - kids, the house, anything else is extra to them. Men have everything to lose!!

ObaKlaz:
This does not strike a nerve on me because I am far from being lazy and my endeavours are legit. We can start to plan the way forward for the country when the unfit and largely useless president's tenure elapses.

Your online wailing won't change anything; get busy and more productive with yourself in the real world first.
I mean no offense, please.

You presume Nigeria will survive Buhari.

ObaKlaz:
No nation is without challenges. Nigerians are always eager to point back home with the left index finger, especially in the full glare of the international community.

Comments on Nairaland alone are enough to repel foreign investors! Nigeria is down already, as it is, but negative portrayals of the country such as this one, on international platforms do the already battered image of the country no favours.

Ghana ain't sh!t, but Ghanaians won't stop hyping and giving their country good PR.

The average Nigerian needs to be taught a thing or two about patriotism, while we try to fix our self-inflicted problems.

Wrong! Nigeria is a different class of failure. A self inflicted, self administered decline. The leadership is awful. Bringing this out in the open averts a much bigger disaster further down the road. You only need listen to Buhari to know the deep sh1t Nigeria is in!

donbachi:
Let the first 20 be in nigeria...if e pain u go hang.

The reason Nigeria will remain where it is forever. The people, this generation is truly lost

2special:
You guys are not tired Abi of these your criticism.... the more you criticize, the more churches are built, your wailing won't stop them building more churches cuz they're not the ones responsible for your misery, hold your Government accountable

Shallow, too shallow!

Rochas!