₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,325,316 members, 8,421,325 topics. Date: Saturday, 06 June 2026 at 09:13 AM

Toggle theme

Sant1m's Posts

Nairaland ForumSant1m's ProfileSant1m's Posts

1 2 3 4 5 6 7 8 9 10 (of 13 pages)

BusinessRe: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by Sant1m: 8:29pm On Apr 17, 2016
Flets:
What will china be doing with a swapped naira? What market will they trade the swapped Naira? What is our volume of export to reciprocate supposed chinese yuan import?

In its simplest term, Nigeria needs yuan but does china need naira?

Behind the answer to this question lies the gullibility of Nigerians.
Hate, can be very devastating. Its a Swap deal, China I.e advance Nigeria 4B Yaun. CBN sell the Yaun to importers at a mark up, China buys from us and pay in Dollars. Remember the balance of payment is in China favour.
PoliticsRe: Senate Buys 108 Jeeps At Twice Price. by Sant1m: 2:00pm On Apr 17, 2016
lilprinze:
APC is the biggest scam in the history of Nigeria.
just the same way, PDP was the greatest mistake. They laid the foundation for for all our woes.
PoliticsRe: Nigerians Blast Fayose For Saying "Send Buahri Back To Daura Or Expect More Blun by Sant1m:
EasternActivist:
I saw and for see only the zombies wailing...

Buhari is a mistake that has to be corrected else this country is doomed for life.
PDP is cursed, if not why should characters like Fayose suddenly her hero and mouth piece. And a support base that is following the same wrong approach that cost them the election. You like it or not, when you employ the approach abuse, people from that region will ve no other option than to support their own wether he is performing or not. Remember ND gave Gej same support, hence because of numbers PMB will win 2019, even if he does not perform. The North must support PMB in 2019 to spite on the hate from SE. Even if the whole Imo, Enugu, Anambra, Ebonyi, Abia vote against him he has the SouthWest vote to counter that, because the SW are having a good deal in this Govt and they want PMB to complete his term so they can lay claim to it in 2023. Remember the North will want to reciprocate the present support from the SW. Igbos are in this for a long haul, only after 2031 can we push for our turn. Igbos be wise, build bridges not politics of hate. The North will not support us when its our turn. The hate we are investing on PMB will sure be repaid many years from NOW BY NORTHENERS WHEN WE PRESENT A PRESIDENTIAL CANDIDATE AGAINST AN AKWAIBOM OR C/river candidate, remember this post then. You reap what you sow.
PoliticsRe: My Candid Letter To Saraki By Dele Momodu by Sant1m: 10:03am On Apr 16, 2016
TANTUMERGO007:
i don't see saraki going down, i see him waxing stronger after these trials to becoming the president of this country come 2019
Your party better go bring out Ibori to become the president, like attracts like, evil attracts evil.
PoliticsRe: Our Presidential Candidate Will Be Voted By All Party Members – PDP by Sant1m: 7:53am On Apr 16, 2016
peacengine:
APC ain't sleeping but how come PDP appear more organized? Find something useful to do with your time because if you are spending it waiting for PDP members to be jailed, I pity you bro.
have you ever seen a group of market women coming back from market on a rainy day drenched? All they do most times is take cover under any canopy, are you calling that togetherness? Just wait PMB only mistake in this Govt is allowing Saraki and Dogara to head NASS cause of non interference when he should ve lobbied to get his men in even before swearing in. PDP cannot win 2019 never, their is no Northeners living that can defeat PMB in the North, Yorubas are having a fair deal in a Govt they installed, hence they will be massive in their support come 2019. For the SS and SE it is not to their interest that another Northener takes over from PMB. If they wish to get the presidency soon. As for Northern minority Christians PMB appointment to them is the best ever under any Govt. Just go to sleep PDP is not coming back soon, APC are no fools.
PoliticsRe: Our Presidential Candidate Will Be Voted By All Party Members – PDP by Sant1m: 7:24am On Apr 16, 2016
chernest2002:
Pdp should just be calm because buhari is campaigning for pdp to return in 2019.
There is just no way PDP can defeat PMB, he will perform just be patient. A four yrs mandate and just under 1yr you guys ve rated him. Can SS/sE votes get you the presidency? PDP is dreaming.
PoliticsRe: IMF Wants Buhari To Change His Forex Policy by Sant1m: 11:07pm On Apr 15, 2016
ojuolu:
All these because we are romancing China...LWKM.
These west and their outdated neo colonialist institutions. If we embrace Flexible exchange rates, what is our productive capacity presently to counter the adverse effect of this exchange rate regime. They told Babangida Regime and Sonekan same thing and the scar is still on naira till today. PMB has people around him to know better than to dance to the tune of IMF. When i was in school, we use to study IMF conditionalities and even now, these conditionalities have not changed, just that liberal marriage law(same sex marriage has been added). grin Like i keep saying, let us manage our economy our own way. China did it, they are creditor to US today. UAE did it, they have become the 8th wonder of the modern world., Japan has done it and they are still doing it, why not Nigeria? Is IMF afraid of the outcome, the freedom the development after these economic wilderness? We have too many professors in this government not to have considered this option in the first place. The colonial master want to continue the plundering that left african continent in the mess we are today. Madam IMF should leave us alone.
#GODBLESSNIGERIA#
Thanks, i wonder how some Nigerians think or believe that Largarde loves Nigeria and Nigerians more than Buhari. Since the seventies IMF have been teleguiding our past presidents, where has that taken us? Countries like Singapore, China and co, that broke off to do their own thing are better off today. It is not to the West interest that Nigeria becomes a reliant Nation, Hate Pmb all you want, but know that Largarde does not love you either.
BusinessRe: What Exactly Will Go Wrong If The CBN Floods The Economy With Dollars? by Sant1m: 9:13pm On Feb 19, 2016
989900:

CBN's faulty monetary policies are worse than fall in oil prices.
Read my last 3 topics and follow the links, Boyo explained it better.

The CBN is a criminal enterprise!


http://www.opinionnigeria.com/sensible-path-to-stronger-naira-and-economic-prosperity-by-henry-boyo/#sthash.hyWWsaT0.eJNNE8Wx.dpbs
Go to youtube, watch Boyo rip apart one of CBN's deputy governor on Channels.

i am impressed, what an interesting proposition, but then if states allocation are released to them in dollars remember not all monies that accrue to federation accounts is in dollars, custom duties and various taxes. It means that we still need to create income stream as a nation to earn enough dollars. Okay, lets say Benue state receives 300m dollars as her monthly allocation.
1. Since the state cannot just go cashing dollars to pay salaries, the banks still has lots of influence on the rate the dollars will be converted to raise 3b naira for them to pay salaries. Likewise payment to contractors, since they cannot be paid in dollars. At the end the banks still keep the dollars for sale to importers at a rate that will be determined by forces of demand and supply. Nay, Nay, Nay. I don't think it will fly. Is there any advantage in this model for the local manufacturers who want to buy machinery for his factory?.
PoliticsRe: Buharinomics Is Working Despite The Initial Pains by Sant1m: 5:58pm On Feb 19, 2016
mandarin:
I salute your courage and think the basics are quite clear. Nigerians have to decide whether monies that should stay back in the economy shopuld continue to fly out as capital flight due to unending desire for foreign goods. Going every summer to London, picking up apparrels in Milan and doing weekend in Dubai or allow such funds stay in the economy to improve the economy. My wife make shoes for women and she has had some order for weddings and the rest. The first thing is that you can request for a cheap yet quality shoe as low as =N5K and such would cost you like =N15K from Milan. The only factor affecting her business are those machines used in making the shoes and some leathers but you have to make do with the best available in Nigeria. What am I saying, we all can for instance overcome our own rejection by finding peace with what we have and our country will grow.
Second, devaluing the naira will raise imports values thereby making machineries more expensive and that is what will affect the price of local products adversely because the Naira will keep having a parrallel market price if oil price continue to slide. I blame the government of yeaterday for not investing in infrastructures and now the low oil price will hamper such plan now. Honestly I think PMB should send all involved in money scams to jail and use recovered monies to run his government.
Thanks, it is beautiful that there are Nigerians who understand where PMB is going with this, how i wish the Govt can further make funds available at 197 to Nigerians like your wife to buy machinery, there is no two way about Industrialization, develop your own or remain dependant forever. There is billion to be made from exporting cassava starch yet Nigerians still import this product.
PoliticsRe: Court Authorizes EFCC’s To Seize Tompolo’s Properties by Sant1m: 5:30pm On Feb 19, 2016
IVORY2009:
The FG is biting more than she can shew, the way to go is to make peace especially @ this turbulent economy down turn affecting our country, who know "Tompolo" returning back to the creeks will bring more problem to the country, especially now dat the FG cannot do without oil. or is the FG prepared to use income frm groundnut, cocoa, sugar cane, tomatoes, rubber, solid minerials etc to run the economy.
I now realise that FG must assert its power over her territories, Gej destroyed the fabric of our Nationhood to breed men who now reason like you. Can an American ever voice out that the U.S.A should be careful arresting Bill Gates, or else America will suffer. Its a pity
PoliticsRe: We Want Oga Jona Back Trending -$1 Tumbles To ₦400 Pix by Sant1m: 3:58pm On Feb 19, 2016
ipledge10:
You guys are ignorant of what is going on in the world. ..since oil started going down...Saudi Arabia that produce more than what Nigeria produce and with lesser population have sold more than $126billion of her properties...is it Jonathan that drain the country foreign reserve when oil was $110/barrel will be the one to save the country when oil is less than $30/barrel?...you can wail till jesus come
Tufiakpa! This time he will sit at the door of the vault at CBN to personally supervise that no dollars enters there. What he did before will be a child's play to the looting he will supervise next. We seem to forget easily peoples misdeeds in this country. Mama peace will personally be selling the dollars as a mallams at an auction price of 380. Rubbish question
PoliticsRe: Imo State's Lack Of Industries Continues As Onye Imo Builds A Refinery In Lagos! by Sant1m: 3:41pm On Feb 19, 2016
Vicboi1:
What do u expect when the governor that can not give a conducive environment to the investors what investors needs are good road infrastructure and a good working environment but Imo governor as a bastard as he is he us only interested in money he doesn't care for the state every time he is always travelling from one place to another without anything to show I wish he dies there
This is why i hate this Ipob shit, your sentiment against Rochas show its a movement because Pdp lost an election. You like it or not Rochas is the best Gov outside Mbakwe, he is massively developing the state beyond what your mentors did. Iheanacho built or is building his factory in where he wants and never because of Rochas and you know it. Take your hate infested life somewhere.
PoliticsRe: Buharinomics Is Working Despite The Initial Pains by Sant1m: 1:02pm On Feb 19, 2016
drss:
infortunately d dullard does not understand d economic benefits of devaluation. he does not even have any economic policy talkless of implementing dem. nigerians don enta one chance.
Do you guys know what devaluation is, or you are just joining the band wagon, are you saying PMB should accept that dollars is 390 official rate and 393 parallel market rate. Pls, who benefits? The masses, local manufacturers, importers, pls just who?
I am no claiming i know more than anybody, but i am sure that devaluation will only take us back to the same pains we felt when dollars was 195 officially and 201 in the parallel market. To go further the same pains we felt when it was maybe 120 officially and 126 in the parallel market, i can go on and on back. There can never be a better opportunity to work toward diversification and building local manufacturing base than now. If we wish to be like Singapore and others, the bitter pill should start now. PMB said he will only fund, through the official market local genuine importers at 199, if as an importer you desire foreign goods, no problem, go and source your dollar yourself at the parallel market. By extension he is giving local manufacturers advantage over importers. Devaluation means NNPC will be importing fuel at 390, which will lead to increase in pump price, inflation, demand for salary increase, loss of jobs, closure of industries due to increase in operating expenses and salary. Devaluation will nail the coffin of this economy. PMB be resolute
BusinessRe: Naira Tumbles To 391/dollar by Sant1m: 11:15am On Feb 19, 2016
GoldCircle:
Please what theory of economics are you quoting here?! Share so that we can learn too.

very immature rant! ..And as expected, you have failed to tell us how to move forward in this circumstance. BLAME! BLAME!! BLAME!!!
I still maintain that the implementation of TSA and prudent management of our vault at the CBN has reduced the volume of cash in the system, the economy was definitely going to react, offcourse its not a conventional way of reducing money in circulation, but it definitely has impacted money supply, wether you like it or not. How is the parallel market funded? For us to get a proper perspective of what i mean.
BusinessRe: Naira Tumbles To 391/dollar by Sant1m: 8:28am On Feb 19, 2016
Brilliance9000:
This country is finished!

Let me see the hypocritical twit that will invoke GEJ. GEJ left office with naira to dollar at 210 and today it's almost 400 naira. GEJ inherited naira to dollar from Yaradua at 165, it stayed at this rate +/-15 for 4 yrs, it was only towards the end of 2014 that we began to see fall in naira largely caused by those who are bent on sabotaging his achievements to make sure he doesn't get re-elected. Compare dollar to naira loss in value under GEJ from 165 to 210 within 4-5 yrs span...that's very reasonable.

However under Buhari from 210-400 in barely 8 months? This is disastrous...an invitation to anarchy. Did you guys noticed that under Jonathan when naira depreciates, it appreciates back within few days. But under Buhar...it only depreciates. Don't forget that Obasanjo and Jonathan had strong, powerful economic team...this administration has zero. Very disorganized government! Emefiele resign honorably and let them run Nigeria like a private cattle ranch in Duara...everything to them is about tribalism.

Keep blaming GEJ and oil price until dollar hits 1000 Naira by July by the rate Naira is falling.
Under Gej oil was sold for above 120, were are those reserves today, You like it or not Gej mismanaged our reserves and brought us to where we are now. No matter how you guys try you cannot divorce yesterday's mismanagement from the consequence we have today.
You claim Gej had the best economic team but Iweala herself admitted that GEJ GOVT BORROWED BILLIONS OF DOLLARS to pay salaries in the first part of 2015. She equaly agreed that there have not been capital releases since the second quarter of 2014 due to dwindling finances. "Nigeria cannot eat her cake and still expect to keep the coin", our reserve is still virtually what it was when Gej handed over, if i inherit the level of Dangotte's wealth, are we saying Dangotte conglomerates will suddenly become broke under one year because i am a bad manager? If that happen then know that there were hidden toxic assets and due loans that caused it. You like it or not corruption was the main source of funding the parallel or black market under Gej, the value of the dollar then was artificial. 2.1B dasukigate funds, dollars handed out to delegates during the election where were they exchanged?
The current mess of the dollar is as a result of Blockage of revenue leakages and implementation of TSA. Its natural for the economy to react to adjust itself to this sudden stoppage of easy and illicit cash. Go and check the value of South Korea currency to the dollar and you will agree with me that, a countries currency value is not a death sentence, its an opportunity for us to improve our productive base while seeking to be self reliant. PDP AND GEJ ARE TO BLAME
BusinessRe: Naira Falls To N370 Per Dollar by Sant1m:
Demdem:
[b]The earlier u all get the gist the better for us all. if u add value to the economy and u really need dollars kindly apply to the banks and if u meet the requirements u will be given at the below rate and u continue to add to the economy.
However if u need dollars for luxuries, goods cbn has stopped funding with dollars, holidays etc u are on ur own. Go look for ur dollar elsewhere
Have we wondered why Nigerian manufacturers (MAN) arent complaining? have u wondered why that tomato selling woman in the market doesnt care or know what u are talking about because they arent affected? its because their business seems to be picking up by Nigerians now looking inwards. its we the elite that are feeling the heat and not the poor.
Gone are the days when we have serious reserves and Govt will continue to gurantee all our frivolities. Now, for frivolities, u are on ur own. The interest of the extremely weak is this govt priority and not the overfed. Many shouting here aimlessly are not even affected in anyway about the rise in the parallel market. Those receiving free dollars before cant and have gone in the parrallel market making it saturated and price high.
When they finally get their dollars at extremely high rate and choose to import, on getting to our borders, they also pay huge tax to the govt so by the time the goods get to the end shop, it becomes ridiculously expensive for the buyer. The question is if the buyer doesnt buy the luxury good, will he die?
I have reasons to import spare parts for my vehicles and to be honest, its ridicously high now. Govt is forcing me to start looking towards Innosun...............for my selfish self, thats not ok but for the overall good, its the best.
[/b]
One of the more reasonable post i ve read so far, it shows you are abreast of the situation. PMB is saying if you are an entrepreneur, manufacturer and you are willing to import machinery, raw material you fall among those the dollars we make from oil will be sold to at 199, but if all you do is import wine, toothpick, furniture, yatch, private plane, phones, flowers, etc go get your dollars yourself from the parallel market, he is not going to fund your luxury.
One think i want us to ask is, if PMB says he will not fund the parrarel market. (1) Who then funds the parallel or black market?
(2) why has the dollar fallen sharply since PMB came?
(3) Why is PMB rejecting devaluation?
=The parrarel market is largely funded from our kits and kin who send dollars from abroad, also income from exportation by businesses, when foreigners come in for tourism with dollars, All these either go through the Banks, BDC, mallams.
=Before PMB, we can agree that a lot of dollars found their way out of CBN coffers via corruption, also revenue leakages from outfits like NPA, NIMASSA ensured that the parallel or black market had enough of this illicit fund, this ensured supply and marginal difference between official and parallel market rate, so dollar it hovered around 220. The economy then was bloated and not production based. On coming on board PMB implemented TSA, this singular art blocked to great extent Govt Revenue leakages, reduced corruption, included also is the policy banning dollar deposits, all this contributed in no small way to conscript dollars in the parrarel or black market, hence the short fall and subsequent pressure on the price in the parallel market which led to what we have today, 385 a dollar. .
=PMB in order to protect the masses is strongly against devaluation and rightly so. Devaluation will lead to NNPC importing fuel at 385 to a dollar, inflation, demand for salary increase, loss of jobs due to inability to pay new wage, local manufacturers will loose price advantages they ve now because under devaluation they will need to get their dollar for import import at 385 or 382.
CONCLUSIONcheesy Diiversification is the way to go as the Nation seeks to make Nigeria self sufficient. Ensure her business men export goods to earn more foreign exchange. At the present rate Dangotte, innoson, Ammanco, Nestle, Local textile outfits ate enjoying the benefits of buying dollars 199 and expanding their business, that is why local Manufacturers (MAN) are not complaining. Of course corruption affects the best of intentions including PMB intention to only make dollars available to local manufactures, i can't vouch for CBN and the Banks to be honest. There is no better time than now for our local manufacturers to improve capacity as they enjoy lower dollar rates. If the dollar spike were genuine and market related inflation would ve risen exponentially.
BusinessRe: Naira Falls To N370 Per Dollar by Sant1m: 3:11pm On Feb 18, 2016
prettythicksme:
cheesy cheesy it will soon b 400!#happy#dancing shoki!
Some of you should take time to read, research and be open. The level of ignorance is pissing me off, one is supposed to learn on this site but you come here to find comments even a crude village woman cannot make. The value of a countries currency is not a determinant of the state of her economy. Pls, take time to find out value of the currency of some countries against the dollar.
PoliticsRe: Sheriff: Jonathan’s Loyalists Threaten To Dump PDP by Sant1m: 8:01am On Feb 18, 2016
modath:
Same thing I posited, Yam eaters just want a major financier & SAS too needs political relevance, hence a match made in bombing Hell! sad


Howdy? Long time...
My believe also, i equally think they want to leverage on his connection with Chad, to help them launder cash through Chad and use Chad as a base. With the believe that PMB cannot touch Sheriff without drawing the wrath of Chad over their support in the BH war. My views though
PoliticsRe: Setting The Record Straight On PDP Chairman Ali Modu Sheriff by Sant1m: 7:08pm On Feb 17, 2016
TheFreeOne:
I am not a PDP member so there's little I can do about that, however the rationale behind his emergence is what I don't understand for now.

Maybe the governors that supported his emergence has something up their sleeves that we don't know huh
i believe he can bring in funds from Chad and Niger to sponsor 2019.
PoliticsRe: PDP Needs Serious Prayers- Fani-kayode by Sant1m: 6:24pm On Feb 17, 2016
ikaboy:
They actually do, i don't think the choice of Sherriff as their helmsman is devoid of external spiritual forces.
Hahahahahahahahahahahahahahahahahahahahahahahahahahahaha external spiritual forces indeed, hahahahahahahahahahahahahah,, i need to stop laughing, i am sorry pls,
PoliticsRe: I’m Ready For Buhari If He Comes After Me – Fayose by Sant1m: 5:19pm On Feb 17, 2016
He will come for you Fayose, not when you want, or how you want. Be rest assured that he will come when you are most vunerable.
BusinessRe: Dollar Scarcity Pushes Naira To 352 by Sant1m: 4:57pm On Feb 17, 2016
godoluwa:
u must be a joker
Really, anyway in the city where i stay pure water have been sold for 10 Naira for over 3yrs now. I know you won't buy into my views, lets keep watching events with an open heart.
BusinessRe: Dollar Scarcity Pushes Naira To 352 by Sant1m: 4:30pm On Feb 17, 2016
godoluwa:
sant1m, theres lot of lies in your post.
satchet water was sold at the rate of 5naira till the beginning of this month. as regard bringing down the manufacturer to Nigeria, its not something thats possible like that because theres no enabling environment. epileptic power supply & bad government policy have drove manufacturers away. wheres exide battery today? USA as well experienced as they her in technology still import from china (google will help you to verify). commercial banks are making killing profits from this bad policy & thats why they dont care. how many manufacturer known to you get required forex to keep their business moving?
by your comment that sachet water is 5naira, i now know that you are not in Nigeria.
BusinessRe: Dollar Scarcity Pushes Naira To 352 by Sant1m: 4:05pm On Feb 17, 2016
godoluwa:
@sant1m, you seems not to understand how things works in Nigeria. the current trend will kill sme & local manufucter. the mobile phone/laptop that u use to reply me was manufactured at where? motor vehicle/motorcycles r frm where? ordinary transistor radio is from where? some keep on screaming patronize local products only & i laughed at their ignorance. buhari that made the law, where did her daughter av her education? wheres buhari personal doctor? yet he ban forex for overseas tuition & medical purposes. go to the market & know the prices of daily needs. as per all this ban toothpicks, tomatoe paste etc, i'm in support of banning irrelevant things bt are you saying we should drive phone dealer out of business? common satchet water now cost 10naira because the cost of production is on the high side. devaluation is inevitable & failure to act fast will do the economy more harm.
Long before PMB sachet water had been sold at 10naira, now! I want to ask, who funds the parallel market?. Why are after the survival of phone companies and motorcycle companies abroad? Isn't it best for our business men to attract Nokia and Suzuki to open a manufacturing outfit here and enjoy the official rate of 199 for all their spare parts import. While keeping our people employed. And if they choose to keep importing phones and bicycle, PMB is saying i will not fund that. With due respect Devaluation will do our economy more harm, the problem of any economy is not the value of her currency but the productive base of that economy. Look Govt is saying if you ve maybe 900m in savings, come we will support you as a local manufacturer to import machinery and spare parts at 199 to a dollar, so you can employ Nigerians and still sell here, but the if you choose to import phones and bicycles no problem go source the dollar yourself from the parallel market, this is the advantage local manufacturers ve and the reason they are doing well now, because the can compete in price now. They won't tell you and me this because they don't want you to join them until they finish expanding their factories at 199 to a dollar. Do you no why fuel is 86.50? Reason is NNPC is import getting dollar at 199, if we devalue and dollar becomes 350, fuel price will increase, workers will demand for more wage, local manufacturers will now get dollars at 350 for spare parts, machinery, raw material import, they will no longer be able to compete and this will lead to loss of jobs. Devaluation! NO,,, NO for me, hope PMB listens
BusinessRe: Dollar Scarcity Pushes Naira To 352 by Sant1m: 3:26pm On Feb 17, 2016
Joarams:
To add to your expose. For those who have genuine business to do with dollars (e.g. paying for school fees abroad), they can still apply for dollars at the official rate of NGN199 to $1 plus bank charges. I'm a living witness to this. So why are so many people complaining?
Thanks man, the need to ruch into criticising any thing APC, without thinking. Your experience has even proven that PMB is on the right track. I want to ask critics of This Govt, Who funds the parallel or black marker?
BusinessRe: Dollar Scarcity Pushes Naira To 352 by Sant1m: 11:42am On Feb 17, 2016
godoluwa:
it will surely hit 400 b4 the end of this month if CBN refuse to take necessary actions
The ignorance of people is pissing me off, have you ever heard Manufactures Association of Nigeria(MAN) complain that the high price of Dollar is driving them out of business? No,,, because it is to their advantage. They can now compete in price with importers. PMB is fighting to build local capacity and growth yet most of us are ignorant about this. What PMB is saying look, i will not deregulate, we will keep funding local MAN and all those who wants to import raw materials and machinery from the official market at 197, for those who ve the desire to import wine, tomato paste, yatch, planes, school fees etc go source your dollars yourself at 340 or above. Devaluation means NNPc will be importing at 340 and this will lead to increase in pump price, demand for salary increase, Fg and local manufacturers paying more for salaries, high inflation, importers having the advantage again and pricing MAN out of the market, loss of jobs and the country staring the circle over again. People should stop listening to Times, CNN, Blomberg they can and will never desire we become self reliant and produce at home, it is not to their Govt best interest.
Nations that took the leap make hard choices, it comes as a deliberate ploy to favour local manufacturing over imports. Its unfortunate we no longer support or look at things objectively. PMB is right on this. If truly the price of dollar at 340 is not to the advantage of local manufacturers why is it that the price of imported items or goods have not risen in proportion to the rise in dollar at the parrarel market? Simple, they want to still compete in pricing with local manufacturers. If this is sustained most of them will ve no choice other than to go into producing those items here, thereby employing Nigerians. That is PMB's desire.
PoliticsRe: 5 APC Senators' Petition To Remove Saraki&Ekweremadu Hots Up As Judge Withdraws by Sant1m: 10:39am On Feb 17, 2016
donbrowser:
Politicts in Nigeria is just too dirty and this administration ain't helpin matters. From one court to another and Naira keeps dropping.
Allow APC to ve their choice in strategic positions to drive their agenda, so that we can hold them responsible at the end of their tenure, As for naira the drop is good, remember it is in the parrarel(black) market that dollar is above 340, in so far Govt is supporting local manufacturers(MAN) to access dollar and helping them to price out import, the Govt should keep funding resolutely the official market in due time business men will realise that it is cheaper to manufacture here than to import. It is a win win situation. Have you ever asked yourself why inflation is not moving along with the price of dollar in the black market?, simple, with Govt support for local manufacturers at 199 a dollar for raw materials and machinery, importers ve to ensure price of import remain reasonable to compete. Bubu is right on this, all that needs to be done is strict measures to ensure only genuine manufacturers access the official rate. Nigeria is destined for greatness.
PoliticsRe: Tompolo: Withdraw Troops From Niger Delta – Ann-kio Briggs Warns Buhari by Sant1m: 10:10pm On Feb 16, 2016
MrMcJay:
This woman thinks she's talking to that drunken fisherman. it was careless talk like this that made Jonathan not to provide a single borehole for Otueke. It took the intervention of outsiders for Otueke to have potable water after 6 years of an Ijaw man as President.

I know of a boy from the ND made a 1st class in Law both at Uni and Law School. He later got an admission offer to Cambridge for his masters. He wrote to these vagabonds in power from the SS and non of them answered him even after pledging to work for them upon his return home. A British body gave him a scholarship and he ended up making a First class in law from Cambridge.

A graduate earns 19,800 per month but the smallest militant granted amnesty earns 5,000 per night on accommodation. Yet, the people are suffering. Old folks without healthcare and social benefits, the waters are poisoned and schools are gang recruitment centers.

Kingsley Kuku was buying houses for runs girls he met on IG and the ND people are suffering. Asari Dokubo founded his university in Benin Republic far away from the reach of his people. Edwin Clark never did anything tangible for the ND people apart from marrying a new wife. This same Ms. Briggs was an adviser under Jonathan and made sure he was ruined with her selfishness.

The Niger Delta needs to find a way of flushing out these set of thieves they are bedeviled with otherwise, a thousand Jonathans can't help them.
After all, it is an Hausa man that ordered the clean up of the oil spill in the ND after their 'brother' refused to do it.
it was a big mistake allowing Gej rule this Nation, he debased the fabric of what a nation should be and elevated miscrants to leaders. Most folks in the region can't even comment against this people in ND or else you are done. Ankio is an opportunistic working so hard to be a leader, but her orientation is flawed. In ijaw land you don't talk as an elder or a chief unless you are backed by militants and cultist. All well meaning Ijaws should stop listening to people like Briggs and recover their dignity. As for PMB the nation should pull its authority or we will forever loose it. If Briggs stands in the way arrest her. I know PMB has guts he should stand up to be counted as the leader who reclaimed our values as a nation. Obj and Y'adua held the values, Gej really destroyed everything polarized us along ethic and religious lines. I know by now he regrets the way he desecrated this nation.
PoliticsRe: Wike’s Revelations An Indictment On Supreme Court – APC by Sant1m: 9:02pm On Feb 16, 2016
masterpower:
Rubbish!!!

@op why do you believe that APC can win any state in withing the Eastern region? At the same believe that PDP can not win lagos?

How many yorubas and hausas live in rivers state?

APC IS A REJECTED PARTY IN THE EASTERN REGION!
Imo is APC, EDO is APC, thank God for the judgement PMB second term is assured as card reader is no longer relevant, what counts is number of voters in the voter register and who controls the inec result sheets., PMB for 2019.
PoliticsRe: PDP Makes Ali Sheriff Chairman by Sant1m: 6:27pm On Feb 16, 2016
HammerEvery:
Animal no fit dash me human right, go ask fela. If presidiot mumuhamado bubokohari doesn't like it, he can go and rule over his almajiri yesmen zombies in daura in peace. If you the right to insult GEJ what stops me from telling your daura lord the truth?
I am sure that somebody that looks like PMB once abused your womanhood as a child. I understand if PMB reminds you of that experience, whoever you are, i am sure you ve no respect for your father
PoliticsRe: Metuh, Fayose Attend PDP Caucus Meeting by Sant1m: 5:07pm On Feb 16, 2016
naijaboy756:
Abeg make una do quick come collect this naija ship from these clueless confused APC lots wey una hand over our collective destiny to. This ship(naija) is heading to it's crash site unless una come back come collect. Kindly handle and treat as VERY urgent. Meanwhile, so APC still get e-rats for Nairaland? Even with dollar @N345... See as dem dey comment above!!! Una no get shame @ all... Chanji dole. Fraudsters...
dream on, it is free. The supreme court judgement that has discarded card reader guarantees that It can't happen. One man one vote is no longer a mantra but who has might and more voting power in line with the voters register. APC has more states, control the Army, Inec and police. My broda forget any party winning the next presidential election, unless PMB decides to support electoral reform. Fight for other things and forget the presidency in 2019.

1 2 3 4 5 6 7 8 9 10 (of 13 pages)