₦airaland Forum

Popo97:
I'm so sure you'd still top it up

Lol no,I am dieting.

Dinner

Under16:
logobenza hw far nwanne..u just dey switch moniker anyhow. u don land ph?

yes I enter ph yesterday.sup?

Guess who's back

thebosstrevor1:
Dummy, we all know it is to strengthen the naira but the main aim here is to encourage people abroad to send more dollars.

If you buy naira regularly, you will know that it is 475 to dollar, as at last month, it was 470, middle of last month it was 460, in December, it was 480.

Ode I was talking about buying dollar which was at 480 yesterday.
Mumu it is not to attract more remittance because nobody that wanted to send $10k will send $20k because you are giving 100k bonus,dumbass.
It is subsidy because aboki will also remove N5 from buying price because CBN is already offering you that,empty head.

thebosstrevor1:
Bros you are writing nonsense.

First and foremost, naira is already trading at 470/475 at the black market since last month


The promo is to encourage people abroad to send more dollars so that people looking for dollars at home can have more international trade.

You are very dull.
It's to reduce the price of the dollar(strengthening the naira) ,that is the priority.
Who cares about international trade for illegals?
You think the CBN cares about anything but strengthening the naira?dumbass.
And where has aboki been selling dollars for 475?I'll like to buy,dunce.
You dont even know there is a price difference between buy/sell at aboki shop.

They want to subsidise the dollar by 5 naira ,without actually spending dollars from the reserve to defend the naira.
Like using the naira end of the deal to strengthen the naira. Good and smart move...This means from 9th of may they will start funding BDCs appropriately again ,so speculators and exporters and smugglers should be weary of the month of may.
They've just given smart people a heads up
Expect dollar to trade for 475 or 470 on monday at the parallel market ,

Ishilove:
How can one be paying 5m annually and still be living in a rented house? That is foolishness, IMO

Becausr these people paying 5m fees can't stay in your kind of environment and at the same time can't afford to buy property in the kind of environment suitable for them.
In essence, these are not the kind of people you expect to be rubbing shoulders with you in Gbagada and so on...know this and be enlightened.

ethicallyright:
You give me a thousand and one reasons to adore you every time despite your imperfections, sir.

I hope the guy you scolded becomes stronger. Only weak and entitled people run away from their country when no one is pursuing them. It gets worse when they brag about it like it's an achievement.

There are no plantations today like three hundred years ago but everything in this brain-drain arrangement reeks modified slavery.

People who support this emigration craze can be likened to pets. All they want in life is food to eat and light to watch TV. They want a welfarist system because they love to be spoon-fed.

That guy is just a weak,daft leech of a man.
I've never seen someone as weak as he is and trust me,I've known and have been observing him for a long time.
Sounds like someone who has just given up on life and is highly devoid of logic.
Go through his posts and see how much of a calamity and doomsday prophet he has been.
He failed in business once(due to his stupidity and naivety) and since then we never rest for his hands.
Whining like a little bitch of a man all the time,
I will drink champagne the day the entitled prick finally gets a visa to leave and go breed more weak people overseas abeg,we need more resilient people.

ethicallyright:
Not in America , Canada, China or the United Kingdom will an individual pursue a degree in Medicine or Pharmacy with less than 2 million naira or its equivalent.

Tertiary education in Nigeria is heavily subsidized. American students have to take student loans to further their education. Most of them fail to pay these loans throughout their lives.

Student loans , which is the contemporary form of feudalism, is so bad that no American Presidential aspirant fails to mention it in his campaign manifesto. No matter how these politcians attempt to correct this injustice, millions of adults remain indebted throughout their lives because they took student loans due to expensive education.

Nigeria subsidizes education because it wants to shorten the illiteracy gap between this country and the west. Everytime a medical doctor or pharmacist migrates after completing his medical degree in Nigeria, he or she is cheating Nigeria of at least 20 million naira that was used to subsidize his / her education.

If their parents were not wealthy or they didn't get a scholarship, they would never get the opportunity to be medical doctors abroad without Nigeria subsidizing their medical education.

It's bad for Nigeria when these people migrate because it would mean that Nigeria spent billions to subsidize education for people to service the economy of a richer Country that would never pay half of that to let them have that medical degree.

If this trend continues among young people, then Nigeria should go fully capitalist and eliminate that aspect of welfarism in the country's educational system. I know the aim of increasing the literacy level will be defeated but at least Nigeria will save billions of naira they lose to other countries when these professionals migrate.

You're smart.
Personally I've been pushing for a complete removal of education subsidy in Nigeria.
All these people will just come and have an almost free education and think they can run to the west.
It's either they are held accountable to pay before they travel out by creating a good computer system to keep that in check or if they can't create such,they eliminate education subsidy.
Atleast if people are made to pay accordingly for education,our schools won't be this bad because the centralist system of government funding schools will be eliminated and the school will make enough funds to run itself from its students and remit the remaining balance to government as it's even suppose to be,
Ie schools will even be a source of income to government.
Nigeria needs a capitalist president honestly, just that sometimes I pity poor people as policies like these will so much widen poverty gap.

mutter:
Even a capital state can afford to be social.
When prices escalate ridiculously then the govr can control it.

The government has controlled it by providing public schools na.

mariodko190:
I THINK I KNOW WHO THE KILLER IS who knows this line ??

Sadiq daba-october1

tensazangetsu20:
The funniest thing is that in advanced societies, your kids will get the best education from primary level to university level for absolutely free. How does one pay school fees of 5 million naira per annum on a salary of 500k which most people don't even earn? Isn't it only 8 percent of workers that earn above 150k a month. Me I can never have kids in Africa. I love my unborn children so much to bring them to misery.

I will celebrate the day you leave Nigeria with your generation.
We need less failures like your lineage so the west can continue to have people like you abeg,
Funny thing is I doubt a failure like you will even still succeed in the west where it takes real brains to make a difference,las Las you turn corporate dog feeding hand to mouth till eternity with your bald head,
Ode!

mutter:
This is no good enough!ly
Government should put a restriction. A kind of limkit unless it is an international school. -

Why should government put a restriction?Care to tell us?
Ever heard of the word capitalism before?

PrimadonnaO:
Of course, it's nothing when you have the money.
The first school there has an annual tuition of over 20m!

Middle class families try to send their kids to schools like Chrisland and Corona.

I have a colleague who has three kids... two in Corona, one in Chrisland. That's a total of almost 5m annually. It certainly can't be easy. Before you begin to add rent and feeding and all other expenses.

No even bother with that idiot,they always know someone but it's never them

Keziehenry:
First of all you need to tell us why you need these info. Hope you are not a herdsman trying to get info about my state to carry out your nefarious activities

business

Hello people,
Trust you all are having a good day.
So I was wondering,how is life in Abakaliki in terms of lifestyle,night life,citizenry,their income level,etc...
Is their city beautiful?
Can their people(a good number) afford the basic things in life like good housing,good food and luxury?
Their drinking habits and lifestyle?
Does it have a Vibrant nightlife?
Which major town is very close to Abakiliki?
Do their tradesmen get their wares from Enugu,Aba or Onitsha?
Asking all these for survey purposes btw,hope I offend no one with my curiosity.
Cc ogbuu101 ,

ChybuzzDD:
Called out for what and by who?

By the man who lamely defended himself by posting about my investment in MBA?
Isn't that stupid?

For your information, investments range from low to very high risk categories.
I have money in all categories of them, ranging from your low yielding treasury bills, real estate, MF, stocks(NSE, NYSE), Agric techs, Forex, MBA to cryptocurrencies, having fully understood the risks inherent in each of them.

You can't be a young man in the 21st centuries, and investing only in low yielding assets, or solely for dividends in dead stocks.
As a young man, you should learn to take more risk with a portion of your money.

FYI, I had only 1million in MBA, and as long as I'm concerned, that's sacrificeable. I have high a very high risk appetite, and there's no apology for that.
I can recover that amount in 1-2wks where i live, especially with the now very high dollar to naira exchange rate.

Now, should i start praying for naira to continue to be devalued so i can make more free money when i exchange dollar to naira??
No way!
I'm not as selfish as you and your dividends- investing cabals who support criminality.

No be Dubai you dey again?
How come you make 1 million naira in 2 weeks for Dubai?

Loidee:
Fortunately the super machine was sold today at the right price.

Learn to be positive.

Well I guess this proves the phrase "mugu no dey finish" to be true.
Lucky you,
But like I said,if I was the buyer, I won't pay more than 3m naira for a locally used,11yr old high performance car.
I hope he has money sha(which I know he doesn't),cos the repair bills will be endless on this monster.

9icetoo:
Your gs350 is ready oo.

Load me pics for WhatsApp na.

You don't even know what you are selling.
Clearly this is an X6M,the bmw equivalent for AMG in mercedes.
This car has a massive 4.4l V8 engine with forced induction spitting out 547hp @ 6000rpm,
Meaning this is not your regular car,hence will be a money pit,especially for one as old as this(11yrs).
If I was interested(even though i can never buy an 11 year old performance car),I won't offer more than 3m for it,so that when it packs up(definitely will after bankrupting you that is),I won't have much regrets and I think 3m is not such a huge price for such experience.
Anything above it is outright stupid IMO.

Curiouscity:
Sure! Go ahead!

PM sent sir,please check your inbox.

Abdulsobur02:
Oya show us the money now

Why would I want to do that?

9m lol,mad man.

ahiboilandgas:
yes from their soraz refinery in zinder it 400km to kano and less than 150km to Katsina ....i have bought several time they even established a trading office in Nigeria .....the problem is the density is low the Nigeria quality is better ..if u have to use it u consume more example we give driver 1300 litres from Lagos to kano return if na Niger republic deseal we give 1400 to 1500 ......the refinery is a 40000 barrel daily capacity they use 20000 barrel and planing to export 20000 barrel via chad /Cameroun export pipelines ....chad have completed the sections of the export pipe it remain Niger using Chinese loan ...NB there is 1 bn barrel of crude oil in chad/lake chad basin .....snipec China is on it....

Where is Niger getting the crude it is refining and even wanting to export from?

afroxyz:
Na why i dey hail u

Lol streets no funny.

afroxyz:
This guy eh

lol na lie?

ahiboilandgas:
true the Soviet style of enforcement using security men up and down alway fail but with a sound economic policy and zero incentive no body go smuggle any thing....like after removing subsides of deseal ...smugling ended ...instead Niger business men started exporting to Nigeria ( lower grade)..

Diesel comes from Niger to Nigeria?
Oh I see,maybe cos of many trucks that are in the north creating a huge demand for it.
But where do Niger get the diesel from?

ahiboilandgas:
just everthing to destroy Nigeria manufacturing capacity..from rice to edible oil to textile to car to drugs to spaghetti....there is a whole markets selling okrika cloths which is supposed to be a contraband....the smuggler covert the sale from naira back to dollars obtain from the BDC markets and smuggler out to dubai onward China......any time u hear say them arrest aboki or labanese with 3m usd in airport what do u think is happing ....

Smugglers don't even need dollars cash sec these days.
What some guys in the US do is to buy all the dollars Nigerians in America are trying to send home,wire for smugglers to china or wherever they want and collect their naira In Nigeria.
But I'm sure that business will soon die with the new CBN policy of withdrawing repatriated funds in dollars,as no one will want to give them again rather pass through bank.

ahiboilandgas:
just everthing to destroy Nigeria manufacturing capacity..from rice to edible oil to textile to car to drugs to spaghetti....there is a whole markets selling okrika cloths which is supposed to be a contraband....the smuggler covert the sale from naira back to dollars obtain from the BDC markets and smuggler out to dubai onward China......any time u hear say them arrest aboki or labanese with 3m usd in airport what do u think is happing ....

I don't blame the smugglers,I blame the government.
Look,where there are huge price differences and incentive,there tend to be smuggling.
You know the funny thing?You can't fight smugglers with forces(police,customs,etc...) especially in a poor and corrupt country like Nigeria where almost everyone is hungry and smugglers have enough money to throw around and tip everyone.
Why are they smuggling Cars?Because your seaport taxes is expensive .
You can only fight smugglers by making whatever they are trying to smuggle unprofitable and uneconomjcal,not wasting money with customs because bros the least money don pass that goods ooo.

ahiboilandgas:
why will dey ? When it markets patronize by illegals like contraband importers and smugglers and money laundering syndicates....the bdc have been smiling to the bank since nov 2020 they make 1.5 m naira ever week on a capital of just 4m naira and license ...

You sure about the bolded?
Yes,most naija importers are smugglers that cut corners here and there and have no clear cut commodity they are working on,rather "cut and join" from China,hence these people can't access NAFEX .
But what you should ask yourself is ,why are these people smuggling?