₦airaland Forum

BiafraudExposed:
U were asked if u were present where igbos pretend to be Muslims for Blasphemy

BiafraudExposed:
Sibrah you are wanted

NaijaMutant:
They are First Class citizens after all

Emmach10:
Hy dear, sorry for late reply.
I don't have anything much in that site for now so it was built with bootstrap and hosted on http://www.gdk.mx

Hope it helps?

kolakolex:
if this salary slash is for political office holders alone then,i am in support.pls dnt involve the poor civil servants in this policy.if the federal govt can slash the salary of senators by 50 percent then dino melaye would not be accumulating cars and insulting us with it,saying even if i sell my cars Nigeria will not get out of recession.what a shame

kalokalo:
Bingo!

I don't understand what is wrong with Nigeria's Central Bank. They initiate policies as if they have no economists on staff to characterize the impact of their bone-headed policies (something that is easily predictable by a lay man).

Nobody, I repeat, nobody in Nigeria today will sell his precious dollars at N305. The only entity in Nigeria that sells dollar at that price is the CBN. Even the CBN governor will not sell his personal dollars at N305. This tells any rational economic player or investor that Nigeria's monetary and forex policies are not driven by rational economics but are imposed by political exigencies.

I don't understand Nigeria's decades long political fixation of fixing the prices of imported commodities like forex or fuel. The CBN doesn't print dollar and we don't produce fuel so why try to control the price of something you don't produce? The market forces of demand and supply is no respecter of persons and will always defeat the CBN's attempt to undermine its stranglehold on determining true prices.

VampireeM:
The issue here isnt the intention of the loan which of course is very commendable but we all know this Nigeria and we are corrupt! The problem is some set of persons embezzeling our future for their own personal use and not held accountable for it! Maina and the pension scam comes to mind.

PMB may have good intentions but we dont want him mortgaging/gambling our future with this loan.. He should forget about the loan and go after past corrupt official esp the ones in APC, starting with Abba Kyari 500million grass cutting scam etc..

BTW, PMB and his govt has not told Nigerians in details how the money would be spent.. We all know this govt has no blueprint, just doing trial and error with us.

I am not in support of the Loan @least now

obailala:
The CBN says it has floated the Naira when it adopted the flexible exchange rate system in June; all they need to do is allow the goddamn Naira to actually float. Nigeria is presently not enjoying the proposed benefits of the June devaluation/float because the CBN is still running around trying to peg the value of the currency at around N305 while the whole world knows the real value is currently N470... Forcing exporters to sell the dollars they earn at the rate of N305, meanwhile these same exporters know the true value is N470, policies like this instead of encouraging an export culture, would only discourage people from going into the export business.

The principles of demand and supply should be allowed to dictate the value of the Naira; policies like pegging the Naira currently serves to stagnate the economy.

obailala:
I really don't understand what's wrong with the CBN and this meaningless price regulation... you do not force down the exchange rate by forcing people to sell their forex at a very low price (even when they can clearly see the amount they lose). Stupid policies like this will only discourage people from engaging in exports to boost forex supply. This useless policy is the very reason Nigeria isn't reaping the potential benefits of the last devaluation (in terms of increased exports and increased income for exporters).

Similarly, the CBN forces diasporans sending money home to exchange their forex at the low official rate, but when family in Nigeria wants to send money abroad (e.g. to children schooling abroad), they are forced to buy forex at the true rate (blackmarket rate). I still wonder who advises the CBN board that this policy can encourage people to send more forex home.

AceRoyal:
This is the kind of thread u come to flex your muscles.
On threads about the suffering of the masses or bad government decisions/policies u will turn a blind eye to it and avoid such threads like a plague.
I guess u been paid for this because slowly u have lost every ouce of respect on this forum due due to your myopic comments blinded by hypocritical political sentiments.
Always devoid of objectivity and fairness in ur approach to national issues.
P.S- In your usual fashion call on the moods to ban me or call me an I.POB youth(of which I'm not).
I have told u the truth as a patriotic Nigerian.Amend your ways.

chronique:
You mean retards like yourself? Always regurgitating silly stupid unverifiable facts and also inflating figures. Not everyone has a fish brain like you lots. Keep up with your stupidity. I'd be waiting for you to pull out a silly link to back up your claims.

chronique:
Jonathan defended the naira with over $120bn? Seriously,where do they manufacture people like you from? Do you guys think at all when talking or lying? Do you know what $120bn is? If they call you a slowpoke now, you'll say you were insulted. No wonder Nigeria is messed up.

haywire07:
It all balls down to capital or sponsorship

If I lay my hand on some cash now too , I'll do better