₦airaland Forum

Uhm!
I repeat,why don't we wait till this 24hours supply is got.
Has there been a test run?
What are the modalities for changing from the present National grid to this Geometric and can the power be seaminlessly evacuated to Aba electric?
Finally,what is the pricing model like because I am pretty sure that to repay debts and run the station,the cost of power from Geometric would be higher.
So if this cost is say 2-3times the present cost of the Gencos,Aba electric may decide to stick to the present Gencos,what then happens to Geometric.
In summary,yes that a 495MW electric power plant is about to be commissioned,which should be celebrated,does not automatically translate to uninterrupted power supply in Aba.
There are still many hurdles to cross

I said it,all these arrests are just pampering to the issue.
Many businessmen/women would continue exploring these path of selling goods across the border because of the crazy man's Stu pid floating of the Naira that has sent it into free fall,thus making it more lucrative to sell goods outside our borders because of the higher returns once you convert the CFA or whatever currency the country uses.
When China slightly devalued,not even floated the Chinese Yuan it caused a massive friction between it and the USA and Europe because they accused the Chinese government of deliberately devaluing the yuan to make Chinese goods cheaper and flood the Western market.
China had to then start watching the market to avoid any further devaluation.
But this senile man foolishly thought he is one genius by removing subsidy and floating the Naira,only to be exposed as the geriatric,corrupt,incompetent buffon he is

Caramia2020:
It's okay for such price, such meal used to be 2,700 during Buhari presidency but Tubulation has surface. Buhari despite being failure in economics said we will miss him, most Nigerians including me laughed at him not knowing he has seen the disaster of Emilokan now Emiscatter.

If anyone had told me any living Nigerian president would be worst(not worse) than Buhari I would have felt that person was intoxicated or mentally challenged.
But here we are,just 8 months after Buhari,we have seen one.

But he is paying subsidy through the backdoor,goods are being illegally smuggled across the border because they are cheaper for traders there,the worthless nature of the Naira,instead of being an attraction for investors,is rather making companies to be diversifying from Nigeria.
So what exactly is he reforming or is his senility even worse than we know?

You want chop rat and you dey call am bush meat.
Rats that carry diseases including Lassa hemorrhagic fever that just killed some people in one hospital in the North from someone like you that probably ate a rat,fell sick,came to the hospital and was innocently attended to by health personnel not knowing that would be the last patient they ever attend to in their lives on earth.

The storms are gathering.
If the likes of Dangote,Abdul Rabiu,Otedola,Adenuga etc keep quiet and not go to Aso rock or find ways to make Tinubu resign,before they know it their businesses would all crumble due to the theft and sheer incompetence of one man

Ok.
Nothing on transport.
BRT increased their fares at time when things are tough.
Don't forget one of the most money consuming aspects of every money earner asides food is transport because just like food,you cannot avoid having to pay for transport in one way or the other during the week.
Why not bring down BRT fares, make more buses available.
There should also be an executive order freezing rent increase.
All these measures would stabilise prices as a way out of the mess Tinubu created is negotiated

Spending123:
Goodday guys.

I sneaked into my school environment this morning in order to get somethings I left in the school hostel before the protest that erupted in my school (MOUAU)happened.

I saw these things hovering around the school compound, thou the school environment has been dead beat silent since everybody were asked to leave the school premesis. Was able to capture part of it with my phone, can someone explain better?

Is this from someone that passed through primary school,sat for WAEC and is now supposedly in a university?
This is utterly disgraceful!

Tinubu,Buhari,El Rufai organised a rally calling for the toppling of the GEJ goverment.
If not that GEJ reversed the petrol subsidy reversal,I am 100% sure these men would have footed the bill to topple the GEJ goverment because they believed it would be welcomed due to the pains caused by the fuel price increase then.
This one removed subsidy,floated the naira,there is widespread insecurity and severe deprivation in the land,yet the same person that wanted to organise a coup then is being served karma and one army general is talking rubbish.
You don't want a civil disobedience,you don't want a coup,he doesn't want to step down,things are getting worse,so what do u want to happen

I don't understand.
Just 22 room hotel @115k=₦2.5m per night=₦75m per month
That is a loss making hotel because running diesel alone daily will cost them at least 500k-₦1m.They have electric bill,water bill,staff to pay,from just ₦1.5m.
Unless that 22 rooms number is wrong or there is something amiss,I have my suspicions that this hotel may just be a money laundering scheme and with other purposes in mind.

Ebinpiawazuu:
https://www.vanguardngr.com/2024/02/give-tinubu-more-time-to-solve-challenges-gowon/

Statesman that has never talked sense.
You should give someone clearly on a head-on collision with a train that everyone sees is coming,more chance?
Of course he is on military pension,payment as former head of state,allowances,travel and security details so he wouldn't know or can't wrap his brain to know what is happening
Below is what the same person said about the Buhari goverment when Nigerians knew he had failed,so not surprised one bit.
https://leadership.ng/at-osinbajos-book-launch-gowon-lauds-current-govt/

fineboynl:
Petrol is officially 1k. Anywhere they sell less meter has been tempered .

I bought 10k fuel at the rate of 700. My meter gauge did make as it use to do before. About half of it was cut from it.

Make hardship loading.

Go get a life.
It's very simple:buy in kegs and you know if you are being cheated or not.
Stop spreading baseless rumours or as someone suggested,change your fuel station,it's the one cheating you,others are still selling at 650 and even NNPC 580(verified from keg volume)

Bigotry and clannishness ontop a layer of crass incompetence

People don't still get it.
Either by choice or by forces unknown,everyone that has anything to do with dollar access or need have lost confidence in the ability of BAT to improve things so there is the scramble to mop up every dollar as it becomes available because the dollar secures your money from being valueless.
The bitter truth,that I am also reluctant to admit is that as long as Tinubu remains in office,things would continue to get worse,so the ONLY way out is for him to step down.
So one way or the other Nigerians that want to at best stop the free slide to collapse,deaths and destruction is to get Tinubu out by hook or crook.
As painful and not the best solution as it sounds,a military take over would at least take him out of the equation,then we all decide how to move from there,if he can't be forced out through pressure and civil action.

Yes,no doubt speculators have had a part in the depreciation,but speculation comes when there is loss in confidence in the goverment.
People become scared things would get worse,so either hold unto the dollars they have or scramble to buy to hold because they know that is more stable currency that would not be losing value on a daily basis.
Nothing NSA or CBN can do to curb the downward spiral.Its only a change of government that can restore confidence in the market.

Clowns.
This is tantamount to fixing the price of cement and thus to a socialist economy when we proffer to be operating a market based one.
So you going to fix the price of bread too,what of rice,beans,garri,flour,iron rod, granite,sand?
When you don't have capacity,no matter the level of propaganda and lies,you don't have it.
Emilokan,Emilokan,here we are!

Criminal.
He just wants to make it look like it's his order that the SEasterners are obeying if they don't join in the growing protests.
Meanwhile there has been an understanding and even admonition for long for the Southeast and southeasterners not to join in the protests.

Jahy12:
“2Baba was hit severally with bullets alongside some of his loyalists. “2Baba fell flat on the ground, but some of his boys quickly took him away. The police is still moving in to get his corpse.” Read more


www.9jatrendsdaily.com.ng/2024/02/2baba-shot-dead-in-rivers-state.html

Clowns.How can his boys have taken away a corpse under heavy police gunfire.Them and the body be spirits?

It's a sad irony that despite his own shortcomings, OBJ has been the relatively best president Nigeria has ever produced since perhaps 1979.
Definitely since 1999,Buhari and now Tinubu have shown they both don't have a single atom of capacity on how to govern.
One senile failure handed over to a mentally challenged, senile,drug dealer to finally rule us into oblivion

nairalanda1:
That's why I said in my original comment that we are facing the effect of not diversifying

And by the way I am not defending tinubu or any other government. There are things he should be doing that he is not doing.

But oga, since when did showing how bad our economy is amount to a defence of tinubu who in many ways is a part of why we are in the bad situation we are in?

The truth is, we never diversified our economy. Tinubu right now is looking for loans . We don't know how he plans to diversify the economy, meaning things are bleak.

And this is the man you think I am defending?

Oga, read my comment again and this one and think for once. We are broke. Apc should not have been voted in in 2023. I wish they lost.

Don't call me a tinubu supporter again.

Sorry,thought you were defending the indefensible.

nairalanda1:
We are floating the currency because there isn't any spare dollars to defend the naira.

In one month in 2014 , the then government spent 5 billion dollars to defend the naira.

Our effective forex reserve is 4 billion today.
.

So I now ask:Are you ready to buy fuel at 1400-1500/litre because at ₦1650/$ that should be the market price of fuel?
Will you now start printing money to increase the purchasing power of Nigerians when you then allow market forces to determine fuel price?
You people stand arguments on its head when defending Tinubu.
Why is he now paying subsidy caused by naira devaluation through the backdoor if he confidently sticks to the belief fuel should be totally deregulated while naira is completely floated?

The template the mentally challenged, narcoleptic bablubulu should have used is very simple:
Get sworn in,sit down in office,get your kitchen cabinet to critically look at goverment funds,input and output,proffer ideas on how the subsidy removal is to be done,meanwhile get enough palliatives in place,including flooding the transport space with enough commercial vehicles at prices that would not only be affordable,but minimally profit or even non profit nor non loss making,distribute to all state governments and ask them to do a counterpart contribution,at least 100 per state and expand with subsidy removal funds as you deregulate.
What does this transport scheme achieve?:While making transport still affordable with goverment vehicles,it forces the private ones to curtail any excessive transport fare increase by indirect market forces intervention.
Then you see if you would do it in one fell swoop or in stages.
Meanwhile you withhold complete floating of the Naira while appointing a financial expert but with the character of a Buba Marwa as CBN governor to climb down unapologetically on round tripping by banks and other money laundering causes of devaluation.
When you have achieved monetary policy discipline and stability the CBN can not only have the leeway but a clear sight to allow a "regulated deregulated"currency market.This may take up to a year or 2 to achieve.
Also during this 1 to 2 year period the minimum wage should have been increased not just in the public,but private sectors to improve the purchasing power.
By the second or even third year or so you would have set the parameters right to have achieved a full subsidy removal but still keeping a strict "REGULATED DEREGULATED"foreign exchange market.
But when you have a former drug dealer approaching senility,you get what we have and those close to him are very happy things are going this way because he has made several of them billionaires just by his stupidity of floating a naira that cannot withstand a full floating,yesterday,floating,today or tomorrow.

Continually said it,Nigeria is at an inflexion point.

He made SOME sense.
I have said and will continue saying it,only a mentally retarded president will remove fuel subsidy and float the Naira at the same time.
In short floating the Naira alone would have caused enormous shocks in our economy for the reasons Atiku highlighted.If you now remove subsidy and at that same time completely float your currency,you should count yourself lucky to still be in office,be you an American,German,British or Chinese President,talkless that of Nigeria with our extreme poverty levels.
It's only a military regime that could even contemplate coming up with such a mad policy,but bet the next few days the military leaders bullet riddled bodies would be lying on the streets,paraded and celebrated.

highchief1:
my immediate elder sister I was chatting with on whstapp.sent her a message she didn’t reply again.in an interval of 20mins I was called by her husband before I could get to the hospital I met her lifeless.athsmatic attack.she was even cooking.since then nobody can tell me anything again.i know I have been damaged for life.no pastor or doctor can redeem me.i am ready to die now now now.death doesn’t scare me no more.i kinda feel the other side will be more interesting because most of the ppl I love most are there.

Almost shedding tears reading death doesn't scare you again due to that experience.
But the thing about this life is that so long you are breathing and are not suicidal you just have to find a way to live.
It's not easy because some emotional pain and trauma can seem like what one cannot overcome.

wisefingers:
7th of December 2023 at about 10pm, few hours to the naming ceremony, a day I will never forget, 6days after she gave birth to our one and only child during our first year of marriage.

The trauma began when she started complaining of cramps in the morning, I called the doctor and we went to the hospital afterwards, they attended to her through the day and she was getting stable, we were waiting for her to finish the last drip and get discharged when all of a sudden she started gasping for breath and in the space of 30 seconds before the medical team could do anything she gave it up right before my eyes.

Till today as I type, the shock hasn't left me, coupled with the fact that I was living with Anxiety disorder before the incident. This has taken me in and out of mental health clinics since then. The baby is barely 3months old, all by myself, life feels empty and miserable.

I will forever live with your memories Eunice. I love you.

Wao,this type can be traumatizing because you be asking yourself where do you start from?
How did you manage to cope with such deep emotional trauma?
P.S read that you have been having some mental health challenges,it's quite understandable.
Pray you have the fortitude and mental strength to overcome.

money121:
He bought 10bags of cement at rate of #700

Mean 1 bag #70

Do you think is possible to happen again in nigeria?

fergie001, Mynd44, OAM4J Seun Nlfpmod

That is quite childish way to look at it.
Taking into account inflation,that should be equivalent to 75k today.It was quite expensive then.
It's the earning power or salary that would tell if he was better off then or now.
If minimum wage today is say 200k,meaning a middle class civil servant will earn about 500-600k/month then 70k cement is not a bad price.
But average salary of 100-200k per month is what is making it horrible that a salary earner in the middle class can only afford 2-3bags of cement if his salary is untouched

chopnaira:
I first saw this video in 2021. Obidient and Biafria/IPOBs handles on social media are the ones recycling the old news.

1st picture: Biafria (IPOB) page today.

2nd screenshot: a Facebook post from 2021.

Ok because no major news outlet seems to have carried it

Rahkman:

Breaking News: Serious protest at the Emir's Palace in Ilorin Kwara State!

" We are Hungry, The state is Hungry" pic.twitter.com/7lnoy0Fa7U

— ÓMÒÉLÉRÍNJÁRÉ (@omoelerinjare) February 17, 2024

Watch as they try to break down the door over hunger

Please can someone confirm this is a current video?
Someone somewhere said this was a 2014 video.
If indeed this is a current video,then I pity Tinubu.
I was discussing with some people and told them I don't see Tinubu completing his 4 years if things continue this way because what makes this present predicament different are these:
(1)It cuts across all strata,except politicians and scammers and those in the diaspora.The poor are collapsing,the middle class are finding it extremely difficult to make ends meet and the businessmen/women and industrialists are feeling like they are being strangulated.
(2)Most triggering of what will push him out is that things are just getting worse every single hour,not even day,you check the naira now and check back next hour or 2 you would see another ₦20 or ₦50 depreciation.Same with cement and food items.So there is that knowledge that things would not get better under an already terrible situation.
If he survives 4 years in office with this situation,then Nigerians should just give up as a people.

Customised3:
Temptation .

Why keeping such amount of money at home?

Those are the currency speculators you hear much about.
They will keep it waiting and hoping the dollar hits 3000 before deciding to sell and even at that those types only sell when they see a steady appreciation of the naira,otherwise they continue holding till they have an urgent need for raw cash

Deogratiasfx:
Pls don't insults the man who built Lagos. He will surely build Nigeria.
#Asiwaju till 2031
#We will show Igbo pepper
#we will eat tribe and religion

Na you Sabi,God knows I didn't mention anybody's name.Even if I mentioned Tinubu,there are at least 10,000 people bearing that name in Lagos alone