₦airaland Forum

Bullfallo:
No 3rd world country or developing country can float it currency with pounds, euro and USD and survive it.

Not even the Russia rubbles or any asian country for that matter.

The USD is the world favorite currency it has a value and appreciate even if they don’t export anything from the US.

When he was making noise about floating the naira, i heavily criticized the decision but some APC supporters who know nothing about economics defended him.

You can't float a currency against the dollar when you run a mono economy. It is very simple, your currency will fight with the dollar at the international market, and will only gain value if you do not seek much of dollar, imagine using dollar to import fuel, which almost every sector of the economy use, that indicates that more dollar will be sort, nor to talk of other household items we buy with dollar.

Tinubu is paying subsidy bigger than previous administration even when Nigerians are buying the same fuel 4 times the previous price.

adamusuleiman2:
Yes. That's the beauty of democratic choices. He has till 2027 then I will switch to Atiku if he fails.

AlexBells:
Yes, Lagos consume more electricity than any other state in Nigeria, consumption is more important than availability in terms of industry, if you are talking about startup yes there more opportunities in less developed areas. Just moribund infrastructures like Ajeokuta steel

AlexBells:
That stats is flawed if business don’t lie, if they have such infrastructure with no other set back investors will be grouping there, you want to tell me landlocked states lacking cargo facilities is more developed than let’s say Lagos. Unless the meaning of infrastructure is changing. All the infrastructure in those states isn’t even equal to port infrastructure in Lagos alone

Gerrard59:
Nairametrics' stats was about food inflation, not the cost of living. The title of this thread is wrong. That is where the problem comes from.

manutdrichie:
So what are the parameters used?

Coly2012:
Seeing kebbi at second position made me not to believe on this list.
The only thing there is light and good roads without vehicles plying the roads.

AlexBells:
Is like Aboki don finally hack statisense. Aboki and South West now na core enemy, dem dash south south 1 state, dash south east 1 state, and erased south west from the database lol

Gerrard59:
Bauchi is cheap because there are no good jobs that offer career progression for young graduates. That is the reality. Should Bauchi become like Ogun, it would become expensive as many people will troop into the state.

Gerrard59:
What kind of jobs pay at least 100K to an entry-level graduate in the state? How many of those jobs are available?

RepoMan007:
They kidnap the breadwinner then expect his people to rally round and pay huge ransom hastily. Is that a good kidnap strategy?

LoveLeadsLand:
Out of the 10 states, 2 are in the North while 8 are in the South. Out of the 8 in the South, 4 are in the South-west, 2 in the South-East, and 2 in the South-South. Out of the 2 states in the North, 1 is in the North-Central and 1 in the North-West.


Source: Nairametrics

Highesschief1:
As an Igbo man...na laugh dey catch me. We already know this format.

Djoel:
100%

Oh my God, why is Nigeria cursed like this?
And Nuhu, the NSA sat and laughed along at a most despicable national security threatening and inciteful statement!

Parydelegate:
You can't remove petrol subsidy and devaluation Niara at the same time. That is a bad move.

Let's assume subsidy was remove and naira wasn't devaluated.....Will the situation be as worse as this?

Over to you economist....want to hear your thoughts on this?

Godfullsam:
The floating of the naira was done to stop these bankers and other criminals from their shady businesses.

See, the floating of naira and subsidy removal is something that should have been done loooong time ago.

We all know that any government that summon the courage to implement the policy will take many blames.

Unfortunately, balablu did it albeit in a wrong way.

makemoneywbsite:
Black man. You'll always find a way to circumvent the fact because of your instability and unwillingness to face the truth. Even if they give you trillions of dollars, you'd still accomplish nothing. Is it not the same country where multinationals are closing shop or another? There is no place on earth where industrialization took place without a political will. Whether Japan or Singapore, China or Hong Malaysia, a country without sound leaders and incapable of creating basic drivers like regular electricity and security will keep moving in circles. Let's not even talk about corruption in high places. Until Nigerians understand that the country is just a cash cow where ethnicities bicker for their share of the cake, no progress will be made. You've already wasted more than half a century doing the same thing without making progress and still don't understand. Until you guys sit down and understand that as presently constituted, this is a country of strange bed fellow with different purpose. Ask yourself why you cannot undo what the colonialists did if it hasn't favored you for nearly a century. If bankers have been diverting funds, why have you not been able to check them if not political incompetence and dysfunctional system? The fact remains that outflows move through the orifices of least resistance and Nigeria's problem is mostly political leadership. The day that is fixed, the lines would naturally fall unto pleasant places. Until then, alooters continua.

uvie66:
well articulated, are you an economist ?

ckc:
Based on the catastrophe this floating of naira of a thing by Tinubu is causing to the economy, can anyone please educate me on the ONE benefit of this policy. I want to learn.

garfield1:
A lot of people still believe obi won so I want to know if he won with just votes from SE and SS.


Mynd44
Nplfmod
Seun
Seunmsg
Kyase
Penguin2
Saintinoo
Mrvitalis
Declared
Seanfer
Casualobserver
Coolambience

Catapault:
Obi said he would remove subsidies “”ON DAY ONE” if he became president.

As did Atiku.

It is the same subsidy removal that has led to high inflation.

So please shush.

They are ALL THE SAME.

Afospecialk:
They will attack you a for exposing their Messiah. 😂🤣🤣😂

We all saw how they castigated Obituary when he was governor and how they changed overnight even the records are on Nairaland.


I don't pray to have a president that no one can protest or castigate as IPOB portrayed Obituary as immaculate

Afospecialk:
We are sophisticated and not online mobs who praise politicians as Messiah

We voted Tinubu bcs we believed in his capabilities and he fails we don't hesitate to checkmate him.

That's Yoruba for you. We don't praise a failure as someone people do see a failure Pandora Obituary as their Messiah 🤣

FuglyGurl:
https://punchng.com/osun-youths-protest-high-cost-of-living/

Nemere2020:
https://m.facebook.com/story.php?story_fbid=pfbid02Gv21TTUDBrdPufFWXgbNinAEfvNBMUzLNRTLsodr1BPS3r2N7h7KJjeEoL8PKivpl&id=100054523613443&mibextid=Nif5oz



https://www.tvcnews.tv/2024/02/president-tinubu-orders-release-of-food-reserves-to-boost-availability/?fbclid=IwAR0EXznU0TJ-MEffFufg4WwP1W806EJdhNYdR_u4yvnx4QzC0Sy20aqMvyc

youngrichnigga:
Add a 100 Million to that number to make it 188million because this government is always saying half-truths or outright lies

crossfm:
Fake fake.

The figure is fake, almost 150m people are living in abject poverty,and as we speak more are falling into that bracket.

The government must start doing it's work.

femisplash:
No past Administration gave your Governors their highest ever allocations than the current administration. Refineries are getting the attention, a new Lithium is just been completed. So many positives in view. Go back to sleep.

femisplash:
Is there any administration that you never complained of the 5 listed above?. When there was about 5 different exchange rates during the last administration, didn't you complain?, When about 41 items were banned from import lists, didn't you complain?. When borders were closed and farmers couldn't farm due to insecurity, didn't you complain?. When there were series of queues at the filling stations due to fuel scarcity despite subsidy being paid, didn't you complain?. I can't help you if you can't see something different.

opera1:
A bag of Cement is now 8k

femisplash:
The monthly allocations accrued to the states has seen a big increase since the removal of fuel subsidy. January 2024, FAAC shared 1.13trillion. In December 2023, 1.13trillion was shared, in November 2023, 1.78trillion shared. In August 2023, 1.13trillion was shared. These respective allocations were a big boost from 786billion that was shared on May 2023 at the tenure end of the last Administration. The President had a talk with the Governors over the subsidy removal and promised increased allocations to enable them cushion the effects and help them deliver to their people. So far, Governors haven't shown commiserable deliverables to the increase in allocation at their disposals. It appears to be that the Governors are less interested in driving the vision of the president than lining their pockets while their people groan and complain under their watch. The media are not putting the pressure on the Governors, everyone's eyes are fixed on the President.