Biodun556:

“We should realise that the naira is tumbling because we have not been producing for years.”

Very true, which makes it surprising that Utomi helped Tinubu’s victory by dragging Peter Obi into communist LP labourers camp.

“’I cannot take anything back about Obi. I said Obi said he wants to move Nigeria back from consumption to production and I said that is not true. He cannot do it because his own business survives on consumption. Is that a lie? He has been an importer and I said he deals with cash and carry economics; container economics, imports”.

“All the goods that can be produced in Nigeria, Obi imports them in his supermarkets. That is consumption economics. That kind of person cannot tell you that he is moving you from consumption to production. He will then be committing self-economic suicide and Obi will not do that to himself”.

“So, Obi is deceiving everybody and I can’t take that back because that is true.

https://independent.ng/peter-obi-deceiving-everybody-i-wont-retract-my-statement-about-him-dele-alake/

mobileboy:
This are the mumu we have in government

Mumu Ndume

Crude oil earning has always been in dollar why make it look like it's starting today

The crazy rise in dollar rate started with cluelessly incompetent Tinubu.

Do you know who the mumu is now

Firstorderwizard:
Let me assume Sen. Ndume was misquoted because I don't believe this is coming from a Nigerian Senator

Even a Primary school drop out knows better for a country whose import is far more than the export

This is not about balance of trade.
It is about government revenues that are earned mostly in dollars.

BigBlackPreek:
It's really messy here and I don't want to create a scene..someone advised me I should involve the Civil defence authority.
I really dunno what to do
Please advise me

Why are you the one to ask for Civil Defence and not your husband

By the way, your moniker says you are a male.

emkz:
These are just temporary measures and are bound to fail. The forex market in Nigeria is like a hydra-headed snake. Cut one head; as you face another head, the first head will grow back. Cut the damn neck! In other words, let the CBN address the root of the problem instead of pretending they don't know.

Since last week, dollars injected into the forex market are mopped up.

Who exactly are those mopping up the forex?

What economic activity is tied to the raid of the forex?

Ribadu claims the activities of speculators are responsible for the hike in dollar rates.

My question to Ribadu is: why are the speculators not afraid of the government?

For many years, bank MDs have been accused of buying forex from CBN and the forex goes into the black market through back channels, for example, there are vulturistic abokis sitting in banking halls trying to buy off dollars from customers.

Who regulates those abokis?

If the $10billion the vice president said would come into the system enters, it would be evacuated by the same speculators which would not solve the problem.

My observation is that CBN has lost complete control of the forex market and are being regulated by the BDCs and population instead of CBN being in control. All over the world, forex trading is heavily regulated by governments through central banks.

What I also observed is that the dollars are mopped up by those who don't need them but are keeping them for a profit. Therefore, let CBN take complete control of the forex market through the following measures:

(1) Deregister all unlicensed BDCs. That market is heavily unregulated and until they are faced squarely by the authorities, the practice of the naira dying will not stop.

(2) Stop selling dollars to commercial banks as it is clear that they have failed in meeting their obligations to customers with the dollars. People who approach the banks for PTA/BTA and school fees are directed to the BDCs. Why do BDCs have dollars and banks don't? Even with banks, some people still approach the CBN to transfer their school fees. Infact, it was found that the banks had $5billion in their vaults. How come no one has been punished when these same banks created artificial scarcity to push people to BDCs?

(3) All banks should be compelled to show a statement of how they used the dollars they received from the CBN from the last two years. At least it would give us some ideas of what disappeared through the black market.

(4) CBN needs to carry out a tsunami on the banking industry. Use some bank MDs known for the forex fraud as examples by dismissing them for breaking the law.

(5) Once all these measures are taken, the CBN must protect all forex coming into the country to ensure the problems we currently have are not iterated.

In summary, CBN needs to take drastic measures to regulate the market.

There are other measures that can be taken to get the dollars from those who have stored them. Whether the CBN would have the will is something else. The Nigerian forex market is like those who pirate music.

Kill the black market for forex.

Why bring your hard earned dollars into a country where you can’t freely sell it?

How did our economy fare when military dictator Buhari clamped down on dollars and sent Fela to jail for possessing dollars

Sirmwill:
None of all the presidential candidate is competent IMO

Just bunch of power hungry useless people

So what works did you do to get a presidential candidate who is not power hungry and useless as a viable alternative? Maybe you yourself are power hungry and useless to do any work in this regard?

Moreover did you work for senatorial, representative, governorship, state legislator plus LGA councillors and chairmen who are not power hungry and useless like you

NairaOcean:
The young men who insisted that she must go back home and change her revealing outfit, poured water on her and taunted her around the park. The lady however pushed back and asked why they were “embarrassing” her.

As people flocked to the scene, the lady conceded and boarded a bike to leave.

Location

nairalanda1:

Many of those west african countries pay more for electricity than we do, because they pay cost reflective tarrifs for power, something our government denies our discos from charging.

Healthcare and education is realitvely free in many government schools here (which is why they are a mess, but that is another discussion). Same as many other african countries. (If one is on NHIS/PHIS, you even get cheap care relatively).

In considering the cost of electricity among the countries, should you not include the total cost of getting the same amount of electricity available across the countries, which means including the cost of fuel and depreciation on the generators in Nigerian households, factories, farms and other businesses including religious organisations?

How widely available are the free government schools and primary health clinics among the countries

Ameboperoo:
I will also love to see the comparism for the countries minimum wage, prices of commodities like rice, cement etc

Should we include the availability of electricity, free healthcare and education as well as pipe borne water

AngelGabbyShara:
Oyebanji seeks US partnership on economic growth, cocoa development

….As American, Ekiti top officials meet in Ado-Ekiti

https://www.facebook.com/share/p/qq6jeBAMfKBUrPhe/?mibextid=oFDknk

How will the taxes of cocoa farmers pay for the free education of all children in Pa Ajasin’s state, after the failure of Fayemi, Fayose and other governors since 1999 to achieve this objective

dre11:


https://thenationonlineng.net/just-in-fg-threatens-to-open-of-border-for-cement-importation/

Where did Tinubu get all these olodo and olofo ministers?

How will such imports affect the dollar rate that is already almost N2,000?

Are Tinubu’s ministers just korofo like the boss

Larryndelaw:
So you want them to be paid for not working gor 8 months. You people are so terrible

Is Tinubu paid according to the work he does and the impact of the work? Is that the case for all the former presidents, as well as governors, LGA chairmen and the lawmakers at local, state and federal levels?

Nbote:
Lolzzz.. If the government says good morning, there's absolutely nothing good about that evening

Propaganda lies promax is what APC thrives on.

OLAADEGBU:

Unilad

Why is this 2009 news story on nairaland front page

Doc Won't Get Kidney Back From Estranged Wife

Court rejects donor’s claim for return of organ
By Jennifer Millman • Published February 25, 2009 • Updated on July 20, 2009

https://www.nbcnewyork.com/news/local/doc-wont-get-kidney-back-from-estranged-wife/1883547/?amp=1

meum:
Dem budget for NEPA bill dem no pay😂😂😂

Abeg disconnect dem jare! Carry their wire Dey go una office!

I repeat, move their wires to your office!

OlujobaSamuel:
Hmmmmmmm, one, I expect that the presidential villa should be on ipp.
Also, why are they (Villa and Min of Power) not using prepaid, so villa sef na estimated billing

What example is Tinubu giving us to follow, by budgeting for electricity and failing to pay the bills

PARADIZEPRIEST:
Buha noted for his war against indusciple in 1983 was brought by all nigerians,not tinubu alone,to kill jonathn corruption train,remember a female petro minister under jona looted naija oil wealth and bolted away to Dominican island. But as democracy president buha is a monumental failure that Ptinubu doesn't want to harp that.

You don’t know what you are talking about.

Tinubu: I led the battle to make Buhari president in 2015 — it’s my turn now

“If not for me that led the battlefront, Buhari wouldn’t have won. He contested first, second and third time, but lost. He even said on television that he won’t contest again.

“But I went to his home in Katsina. I told him ‘you would contest and win, but you won’t joke with the matter of the Yoruba’. Since he has been elected, I have not been appointed minister. I didn’t get a contract.

“This time, it’s Yoruba turn and in Yorubaland, it’s my turn.”

https://www.thecable.ng/just-in-buhari-wouldnt-have-been-president-in-2015-without-me-says-tinubu/amp

PARADIZEPRIEST:

Who dey hell could control a buhari in power? Not even his political godfather? You ppl forget that bihari was an army general,how can a so called" bloody civilians" control buha in power.BUHA WAS A BULL IN CHINA SHOP.

A General who failed to make the country more secure than when bloody civilian Jonathan was in charge? Buhari could not even maintain oil production at the level that Jonathan had.

How could brilliant Tinubu alone make such a failure our president? For what reason

PARADIZEPRIEST:
The damage buha and his cabinet did to naija economy won't fizzle out until after two years plus.
This is no joke,buha borrowed biggest billion dollars loans for 8years,no refinery,no stable power.And all of una maroon wey the call 10months Ptinubu ,no dey call 8wasted years bihari to tell us where the billions dey. Na hypocrites full naija,especially the socalled activist noisemakers and peace disruptors seeking cheap attention.

Did Tinubu not claim that he alone made Buhari president and reinforced his failure in 2019 in order to get his own Emilokan turn last year

madridguy:
We the progressive Nigerians will never listen to the emergency lover of Nigeria, come rain come sunshine, Jagaban is our president....

In 2027 Insha Allah, I will vote for him.

Do you mean progreThieves seeing how Tinubu led others to steal from the masses instead of employing them to teach their children free in government schools

Clobisman:

Akpabio that has criminal charges on him is calling another person like him a thief. Was Akpabio not part of the last government that everyone is blaming and if Nigerian destruction is taken sixteen years back, Akpabio was still actively involved in whatever nigeria has become today.

Akpabio knows that we have a nonexistent memory, and that is why the hypocrite is vomiting rubbish.

Jax1:
Vagabonds in power.

Vagabonds ALLOWED to be in power by clueless, tribalist masses, who have short memories

ogugwa1992:

••• VOWS TO INTENSIFY CAMPAIGN AGAINST CRUDE OIL THEFT

https://leaders.ng/2024/02/18/tompolo-bags-2023-sun-newspaper-courage-in-leadership-award/

It makes sense that Peter Obi got an award from the same company for their business.

“’I cannot take anything back about Obi. I said Obi said he wants to move Nigeria back from consumption to production and I said that is not true. He cannot do it because his own business survives on consumption. Is that a lie? He has been an importer and I said he deals with cash and carry economics; container economics, imports”.

“All the goods that can be produced in Nigeria, Obi imports them in his supermarkets. That is consumption economics. That kind of person cannot tell you that he is moving you from consumption to production. He will then be committing self-economic suicide and Obi will not do that to himself”.

“So, Obi is deceiving everybody and I can’t take that back because that is true. What I said about Asiwaju, I gave examples of his vision, knowledge and courage. There is none about Obi. You can’t point to any enduring legacy of Obi in his eight years as governor of Anambra”.

https://independent.ng/peter-obi-deceiving-everybody-i-wont-retract-my-statement-about-him-dele-alake/

magoo10:
This is the mindset behind Nigeria's present economic woes ,they are more concerned with 2027 than delivering to Nigerians .
Their plan is to impoverish the common man so that they will not have strength to vote by 2027.
But thank God the drunkard is only a man

Well meaning Nigerians should continue to pray for Peter Obi as he needs our support ,for now he is the only one who has the political will to break this chain of demons .he did it in 2023 and will do better by 2027

Please how can a demonic liar be trusted to break this chain of demons, when he is not going bunkers in his own head

“’I cannot take anything back about Obi. I said Obi said he wants to move Nigeria back from consumption to production and I said that is not true. He cannot do it because his own business survives on consumption. Is that a lie? He has been an importer and I said he deals with cash and carry economics; container economics, imports”.

“All the goods that can be produced in Nigeria, Obi imports them in his supermarkets. That is consumption economics. That kind of person cannot tell you that he is moving you from consumption to production. He will then be committing self-economic suicide and Obi will not do that to himself”.

“So, Obi is deceiving everybody and I can’t take that back because that is true. What I said about Asiwaju, I gave examples of his vision, knowledge and courage. There is none about Obi. You can’t point to any enduring legacy of Obi in his eight years as governor of Anambra”.

https://independent.ng/peter-obi-deceiving-everybody-i-wont-retract-my-statement-about-him-dele-alake/

Osidazz19:
Atiku and Peter Obi are just doing what opposition politicians do everywhere. They will try to find any fault in Govt's actions and try to make a hill out of a mole. It's their way of trying to stay relevant for the next election.
We know their tactics and we are not bothered.
If in 4 years, Tinubu's policies are not yielding the desired results then people should vote him out.
I am confident that in 4 years, Tinubu will be reelected.

If capital importation is improving as alleged by Bayo, then why is the exchange rate and unemployment plus poverty worsening?

Do you know the reason for this conundrum

emkz:

It is obvious you have basic comprehension problems. Was Obasanjo in charge of privatization?

Has Atiku denied his involvement in corruption?

https://saharareporters.com/2021/08/04/documents-expose-how-ex-vice-president-atiku-used-wife-launder-40million-us-eight-years

https://www.vanguardngr.com/2020/09/busted-us-places-atiku-family-under-close-watch-over-alleged-fraud/amp/

If you are not the one who has comprehension problems, then why don’t you just share court convictions against him instead of sharing propaganda stories cooked up by his detractors to deny Nigerians from benefiting from Atiku’s privatisation and deregulation policies as a thoroughbred capitalist?

That should be easy enough for an intelligent, smart and competent person like you, not so

Obakoolex:
most will just rush to comment rubbish without reading first

Please do tell us what is there to read in the propaganda lies and useless excuses of Cardi B, by the masses who have been made hungry extreme poverty paupers by the economic incompetence of Cardi B and his boss?

Dialpad:
I doubt if a competent and qualified person would say that about his job

The only qualifications that are required to work for Tinubu are loyalty and commitment to propaganda lies for covering up his corruption and incompetence, which Cardi B excelled in doing when he was Tinubu’s commissioner in Lagos and in Citibank to launder money stolen by Tinubu from Lagosians to deny the masses of basic services and utilities like ordinary water.

Know that and know peace.

Babalegba:
Nairaland must be full of secondary school children.zero knowledge of economics

Unlike the CBN which your Cardi B heads, that is full of economics experts hence the cry of hopelessness by your guy

Ofunaofu:
He is already overwhelmed

And should resign as a man of integrity

Gossiphub:
Pastor CardiB make we hear word.

If you can't work, resign. You and your sleeping boss have cost alot of people their jobs. While still having your own job.

Is he also a Redeemed pastor like Remi Tinubu and Osinbajo
No wonder Adeboye has been in the news lately for diversionary stories.

fourboys:
So no solutions??

This is an excellent summary of all the propaganda lies that Cardi B vomited.
Instead of all these lies, can’t he just resign and let someone else that is capable take over

emkz:

You obviously misunderstand. He used privatization to enrich his friends.

Unlike Obasanjo, Buhari, Tinubu, Obi and others in our political circles who used their own office and influence to enrich themselves to the detriment of the country and their states?

Did Obasanjo use privatisation and deregulation to enrich his enemies?

You have persisted in your failure to show where Atiku was successfully prosecuted for your allegations. When will you admit your failure

emkz:

I did not allege it. That is an accusation that has been in the public domain for years. Atiku himself admitted to Kadaria Ahmed that he'd make his friends rich because they deserve to be rich. See links below:

https://guardian.ng/news/atiku-vows-to-enrich-friends-if-elected-president/

https://pmnewsnigeria.com/2019/01/18/video-watch-as-atiku-promises-to-enrich-all-his-friends/

https://www.channelstv.com/2019/01/16/im-not-going-to-enrich-members-of-my-family-but-my-friends-atiku/

Obasanjo and El Rufai adduced to Atiku's corruption in their books. Atiku never denied or made anti-corruption pretences. Obasanjo couldn't have prosecuted Atiku as Atiku had immunity. Remember that Obasanjo illegally declared Atiku's seat vacant in 2006. Tinubu gave Atiku succour.

Also recall that there are several allegations against Atiku in the US pertaining to him using his ex-wife, Jennifer Douglas, to launder money through the US real estate market. Atiku's dealings with a former US senator sent the senator to jail.

As for the sale of national assets, PDP messed it up. It was seen as a bazaar. Atiku was Chairman of National Privatization Council.

With Atiku's antecedents and posturing, it is hard to trust him with the national assets and national treasury.

It is one thing to be corrupt, it is completely insane to be proud of it.

Why are you confusing privatisation with enriching friends?

Why are you confusing honesty with pride?

In all your balablu town hall posts you have failed to show where he was convicted of corruption.

Meanwhile Tinubu has shown himself to be a rogue who raises money from the masses and receives federal allocation on their behalf but fails to provide services and utilities to match. Moreover, Buhari, Tinubu and APC corruption has been worse than PDP’s as confirmed by TI and the huge growth in debt with no impact on high unemployment etc.