₦airaland Forum

r u normal? did u read at all? wanna hide something from a dumb black man? put it in a book!! its a film dumbo

axortedbabe:
Since na asaba i blieve na movie set..
And op u cudnt bk ur 2cents news with pishurs..

r u normal? did u read at all? wanna hide something from a dumb black man? put it in a book!! its a film dumbo

cozy7:
So interesting when pple who deserves sth gets it. Na MAMA PEACE remain.........come Saturday!

the mugabe part is funy indeed....like some with a billion zimbabwe dollar not able to afford bread, back then. i dont think we shall reach that stage. though your sarcasm was childish and secondary schoolish!!!

bigass:
Mugabalization of the Naira

i do understand where u coming from my friend. i know what you are saying is true; however i also pray and hope we take advantage of this naira misfortune at the moment to restart our manufacturing sector. i do believe any thing that will push us away from importation is welcome. with the unintentional devaluation of the naira, i hope we increase our manufacturing base within the next two years by at least 10% from last year (that will be a massive improvement).
my brother, if this will deter rice importation especially, i will be happy. can you believe that rice is milled in ebonyi state, kogi state, and so on? i mean, we are talking of modern rice millers. what of salt that is like sand in ebonyi state; yet we source for dollars to import rice and salt. this devaluation will make the imported items prohibitive. thats where my interest lies; not in the actual cost of the naira per se. i guess the ripple effects to the economy is my interest.

babadee1:
I think you must have missed the entire point of this thread. The scheme of things I was talking about is in reference to the valuation of the naira. Of course it's a great thing for Nigeria's economy if indomie manufacturers its products here and exports to other African countries. My point is that the level of trade we are talking about has no significant impact on the demand for the naira as opposed to the dollar on the international foreign exchange markets.
The balance of trade of the Nigerian economy has to shift in a massive and truly global way to justify a purposeful devaluation of our currency. What we are experiencing at the moment is the result of economic chaos and lack of planning. Nothing good can ever come out of it.

likewise igeria did not in the beginning willing devalued its currency. it just happened....likewise same ith most oil dependent economies. they have no control over the process!!!

stevecantrell:
Iran is under UN sanctions, many years now. There is severe austerity in that country. Angola devalued their currency? Really ? Any news link or source for that?

Tell me more.

who metioned depreciation? ahave we not been harping o about devaluation? i am not an economist, but i do know i am talking about devaluation....

SIRTee15:
I hope u know the difference BTW depreciation and devaluation of currency.
They are not interchangeable

very little in the scheme of things? tell that to indomie when they send 35 40feet containers to central African sub region a month...it gives them latitude to expand and developpe new products. why dont you appreciate the small things, and bigger things will happen in the future. understand that increased level and expansion for indomie meas more employment for naija persons.

babadee1:
You must be joking if you think all those things you mentioned amount to any meaningful exports. All Nigerian trading within West Africa is to satellite economies. It's still more or less part of the Nigerian economy. Meaningful exports will amount to billions of dollars, real foreign exchange earners. All those African countries probably pay in naira or even in their own local currency which amounts to very little in the scheme of things.

sorry about russia....did you ot see iran? what of angola? you want more?

stevecantrell:
Russia isn't part of Opec. At least not as of this morning.

Venezuela have been advised to devalue their currency since 2008, long before Chavez left. Long before the oil slump.

Any others ?

what do you need the dollars for?? cant u get the goods locally? besides, import and then increase or raise your prices

chamboy:
mr Kevin wat is d fate of someone that pays 3.5m for 21,000usd buh now paid 4.5m for d same amount

the two countries that have devalued their currecies are russia and venezuela; i can even throw in a 3rd for bonus, iran......u c a pattern?

stevecantrell:
Op has an acute case of tanoiditis.

Sane countries deliberately devalue their currency, when they realise their economy depends mostly on manufacturing and export - that's just common sense.

The naira is at the mercy of poor management of our resources via almighty corruption, not a fall in the price of crude. If crude price is the reason, why didn't the naira appreciate during boom time ?

Name 2 other OPEC nations that devalued their currency in the last 4 months ? You can't ? Why ?

You can only benefit from a weak naira if you earn foreign exchange either through exports or some other activity. Nigeria currently exports close to zero non-oil products, we have no industrial powerhouse or power to run any meaningful manufacturing revolution, so why are some people intent on deceiving themselves ?

You first create the industries and then you devalue, its never the other way round.

what is this you are saying? 95% of instant noodles eaten in cameroon from naija, 100% in chad, 100% in equatorial guine, 100 in central africa republic, 5% in south africa and 02% in pekham, in london.
70% of fuel used in northern cameroun is for nigeria.
bobo and dudu drinks have 80% market share of such driks in cameroon.
multa guiness nigeria with nafdac number has 99% market share of canned malta guiness in cameroon.
made in nigeria beauty products have a 45% market share in cameroon.

many more i can talk about, but dont have the time





[quote author=babadee1 post=31822064]Don't be silly. The entire Nigerian economy is import dependent. At the current rate, local production will never rise to meet demand not even in 100 years.

No country is patronizing made in Nigeria goods at any level that can sustain this current devaluation. Even our oil no longer has a stable international market and sustainable demand. I

bros you have valid points...however, those companies importing the raw materials can harness the local contents here. you see? why should cadbury import certain brands of chocolate in naija when they have a mega factory in lagos? are those choc bars not made from cocoa? is ibadan not the 3rd largest cocoa producing region in west africa? what is so hard in getting the cocoa from ibadan ad then producing local bars for local people in naija?
same thing with oil..why cant nnpc refine our oil?
as for dstv 90% of their contents are imported!! you see why they have to have high prices? they are a 90% import dependent company. why are ait prices ot goig up as well? i do sincerely believe that 75% of ay raw material ca be gotten in naija by any multinational. they just have synergies with companies in their coutries and are lazy to procure the raw materials locally. you, the cameroon government has banned the wholesome felling down of tree. if you want to engage in such, you must employ locals to cut the trees in planks and ship back to your country. the next stage is to force these multinationals to process 40% of these planks into finished products/furniture to export. you see? that good ecoomic policy to be emulated, my friend

snakie86:
Nice economic postulation.......................

But can this work for a country that is 80% import dependent

What have we done in the past years for infrastructural development to enable local production of goods and services?

Organization producing here in Nigeria import their raw materials for production.......do u know what effect this will have on the price of commodity?

Is it until we start buying tin of peak milk for N250? cos it will still get there if care is not taken with the way we are going......................

Do u know DSTV just increased their subscription fee? Why?.............................They pay for licence in $ and collect Naira from us, this means that they are paying more now cos of our devalued naira.

The same thing will happen to multinational companies that buy raw materials abroad with dollars as means of exchange, cost of production will be high and this will affect price of goods and services.


Systematic depreciation of currency is good cos it will improve patronage of locally produced goods and services but not in a situation we find ourselves now which was due to lack of foresightness by our leaders.................

They thought the raining days will be forever, no adequate planning...........................................


Cant just stop thinking about what will happen if things continue like this.....................................................It will be disastrous

its a blessing in that with the lack of cheap but better imports our bizmen will have a higher turn over and profit margin. with this increase i sales and more capital, they will reinvest the excess monies accrued so as to maintain or gain more business share.moreover, there will be new entrants in the sector, increasing competion.

ckmayoca:
Disagree! Rich will always travel even if naira is 500 to 1$. Its d masses who collect loan to send their children abroad that will suffer it. If no foreign competition, our local product won't step up and we have no price regulation in d country.... We increase price with the higher in demand. Our fuel depratment will suffer it since we don't refine here. So how is this a blessing sir?.

a very good and cogent observation. however, how shall our local industries succeed when we import everything, even tooth pick? there is a ceramic tile factory i Abia state; we have rice millers in ebonyi state and kogi; we dont import vegetables or fresh fruits, ulike egland, switzerland etc; Dagote is hintig at oil refinery in lagos ad before you know it other business me will come in. see how dagote cement de eter cameroon market anyhow...as their factory here is still to start production, yet i de buy dangote cement for douala. aija don de export cement, bros

giantstrides:
OP, the question you should ask yourself is that ' is our production capacity as high as the chinese' do we have local products which can serve as substitutes? We don't produce electronics, ceramic tiles, phones, our food production can't meet our demand, even our crude is imported bck in it's refined form because we hv no functioning refineries. so how is the exchange rate a blessing since we hv to pay expensive dollars for all this trades.

my guy if others see that you planned ur currency's depreciation, they will act against you. see as china de keep her currency low and devalued yet the us a ad japan are askig them to revalue it. talkless of if china comes out says they want devaluation as an economic policy....thats why chinese products are this cheap. if they should revalue it to 1 renminbi to 1 dollar them go fall well well....so any coutry that wants to use devaluation as a policy can ot come out and announce it; they do it behid the scee mate

Babalegba:
you are trying to rationalize failure and economic incompetence. Planned depreciation would help an economy in a cohesive strategy as it could be used as an instrument but the Nigerian one is unplanned and will bring enormous inflation.

even if na godfatherism, how e go pass him exams? how he come know how to fly plane? If he was a local government chairman or a ceo in a top company i will understand that godfather thingy......he is talented

Bonapart:
Godfatherism and influence behind employment in Nigeria since 14Ad

i like the way u argue. talent does not equate success and vice versa. moreover, where do we have the highest millionaires and billionaires i africa? will like to know, as i would luv 2 be in such a nation!!

sonzo666:
Nigeria is the biggest economy in Africa by the virtue of its population and not coz Nigerians are the smartest.If we judge things per capita,I am pretty sure Nigeria wont be among the top 20 economies in Africa.Can you tell me why is Nigeria economy in troubles right now,whereas countries like Kenya,ethiopia .....etc are growing?You don't seem to be able to make a distinction between talent and success:Nigerian artists are successful but they aren't talented!Idem for the nollywood personel!Who told you that Nigeria has the highest concentration of billionaires and millionnaires?

dont move out yet if you cant afford to. your dad even said you wont be missed...so thread carefully, my guy. i am glad you did not let the devil allow you to lay your hands on your dad!! that would have now been the topic utmost in everyone's lips..that you thrashed your father and due to that bla blah blah. anyways, in such situations ext time; ascertain what the issue is before asking him why he beat your mum. did she cheat? did she take the money he kept in his room? did she visit his sworn enemy? has he ever beaten her before? is your mum the stubborn type?
next time, like i said earlier try to keep off their matter (unless he is beating her contineously)

I really am confused on what to do before moving out. Am so pissed now
pls sincere advice. thanks[/quote]

the so called constitution you stated starts with "An electorate body can stay in office for minimum of 4 years"....you seem to have forgotten that for the first two years of his rule, he was not elected but only finished yaradua's tenure....so after his death; there was no electorate body!! his being an electorate only started in 2011!! do you get it? i mean, ayodele fayose of ekiti state has a fundamental right for a secon term, innit? put his 8 years to his first 3 years, ad he would have ruled for 11 years. same applies to ngige of anambra state....or why did gige cotest in 2014? had he won and then goes for a secon tenure, he would have been there for 11 years, if you add his 3 years from 2003!!!

Samtoby:
Did you know that if GLJ wins the upcoming election, then The
Constitution of Nigeria have been violated?..

Under the 1979 2nd Republican Constitution of Federal Republic of Nigeria which started this Below law that: -

"An electorate body can stay in office for minimum of 4 years
and could only stay for maximum of 8 Years".
(Irrespective of how he/she was elected)

GLJ had spent 6 years already, if he wins this election, it makes it +4 years = 10 years in Office (over 8 years)... Constitution will be violated..

Making it illegal..

Please this is not a Political Campaign Post, just ordinary Observation that Nigerians are negleting even the so called Legislatures and Judiciaries..

I observe this myself...

u see what i keep saying? how can the whip of the house and the speaker come from the north? while pdp was in charge the speaker was north and the whip from the east; now na only hausa fit be leader? i cant believe these hausas. yoruba shine your eyes

pekeyim:
Reps to strip president of power over oil licences
MARCH 12, 2015 : JOHN AMEH, ABUJA

The House of Representatives Ad-Hoc Committee on Petroleum Industry Bill has stripped the President of his “discretionary power” to grant petroleum licences and leases to operators in the country’s oil and gas industry.
In removing this power as contained in Section 191 of the original bill, the committee recommended competitive bidding for such awards to “avoid the practice whereby the power for the award of oil blocks was discretionary.”

The committee, which is chaired by the Chief Whip of the House, Mr. Ishaka Bawa, made the recommendation in its report on the PIB laid before the House in Abuja on Thursday.

Similarly, the committee recommended the removal of the Minister of Petroleum Resources as the chairman of the National Oil Company proposed to assume the duties of the Nigerian National Petroleum Corporation and other key industry agencies.

The minister is also no longer empowered to recommend to the President who to appoint as the chairmen ‎of the boards of agencies listed in the PIB.
The agencies include Upstream Petroleum Inspectorate Agency; Downstream Petroleum Regulatory Agency; Asset Management Corporation ; and any other corporate entity established by the Act (PIB).

The House is yet to consider and approve or reject the report.
But, the committee made far-reaching recommendations on many areas generating controversies in the oil and gas industry.
On the Petroleum Host Community Fund, the committee expanded the beneficiaries to include non-oil producing communities in the country.

In the new recommendations, communities where pipelines pass through or have depots and refineries, will now benefit from oil revenues.
"In the bill, a new Section 118 cover‎s both upstream and downstream sectors.

“This innovation is intended to allay the raging distrust between oil-producing and non-producing communities in the country,” the report explained.

A Frontier Oil Services Agency is recommended to step up exploration activities in already identified oil basins like Sokoto, Anambra, Benue, Bida, Benin and Chad.
The agency is to be funded through taxes from oil production operations and “national budgetary allocations in dual funding strategy aimed at strengthening the agency and its operations.”

Copied from Punch.


http://www.punchng.com/news/reps-to-strip-president-of-power-over-oil-licences/

are you for real? you cant tell a jap from a chia man? its eay na. just like telling a mallam from an ibo man......look at their hairs; the japanese and koreans have darker hairs; are taller than the chinese; have whiter skins than the chinese; have smoother skins..chinese are a bit darker; the japanese smile more ad are more friendly.....just taught i should say........

almostFamous:
Would u blame the lady? I wouldn't! Even if it were chinese guys who came with the fake cards and then a japanese comes days after(u can't tell the diff btw a chinese and a japanese),I will react the same way the lady did.

Ojisik:
This is actually very creative,it just needs a little more "packaging ". Its sustainable and its also a form of recycling.
Kudos to the school for not waiting till they had enough money to build a mansion. Rome wasn't built in a day.

NB: see two lovers in tge fourth pic one wearing white shirt and shorts, the other is in a cardigan.
#eagleeye

my brother its definitely creative. i wonder why the op was so surprised. i thought he meant these zinc kinda things. this is very very cretive indeed. look, in most small towns in America, they live in fancily decorated containers...you wont notice untill you shine your eyes well. As for trailer parks? i call them container habitats by other names....

brother?? e be like him twin sef....

youngalex:
This is the brother of the man whÓ is shouting change in lagos,whom God has blessed beyond measure yet he can't improve the standard of living of his blood brother,how do you think he can improve your life and the economy...Charity Begins at Home#Food4Thought

You de laff her english? wehn you cant write coherent english. if to say i mark you write up, i go give you 3.5 over 10. Read wetin u write with all the grammatical errors; reread it and do the needed corrections, mate

Kessyy2k4:
pej addressing crowd during the PDP presidential rally in kaduna, as you all know, pej wouldnt stop amazing us. infact, she could won best comedian of the year, if she practise comedy as a hobby.
this is are latest heat, in the grammarian industry. "my nija people, vote for Goodluck and namadi sambo,.... VOTE FOR CHANGE!" ;Dso PEJ is now campaigning FOR APC

my guys i can believe the list of the ranking rich musicans; but as of the amounts they have made so far, i no go believe am one bit. Does this guy know how much is N25,000,000,000? that is like 100,000,000 pounds? are you for real? i can not count enough British and American musicians on 100,000,000 pounds (not dollars). That is incredolous, my friend. if snoop dogg who has been in music before the op was born cant boast of 100,000,000 pounds, how can p-square? Divide their 25b into 10, ad i might doubt it just a lil=ttle bit!!!

Published On: Sat, Feb 14th, 2015

An attempt by two domestic staff to poison Pastor Itua Ighodalo of Trinity House, a mega church in Victoria Island, Lagos, western Nigeria, has been foiled. The two workers allegedly connived with a herbalist to hatch the plot to enable them kidnap the pastor’s wife, Ibidunni, and demand for a ransom of N80 million. But the plot was foiled by the couple before they could actualise it. The police have arrested the two domestic staff and the herbalist and charged them to court for attempted murder. Police identified the suspects as Abdulkareem Mohammed, 24, the alleged mastermind of the plot, employed by the couple as a dog handler, Makinde Ewuosi, 36, a native doctor who resides at 21, Joseph Street, Lagos Island and has his shrine at 9, Alofun Street, Lagos Island, and Paul Eke, 29, a security guard at Osborne Foreshore Estate, Ikoyi, Lagos where the couple resides. Police investigation revealed that nemesis caught up with the suspects when the couple’s pet dog named Simba suddenly died from food poisoning at their residence at Ikoyi, Lagos. Suspecting a foul play, the couple contacted their dog’s doctor to conduct an examination on it to know the cause of its death and the doctor’s report revealed that the dog died from food poisoning. The couple reported the incident to the police and the dog handler was arrested and taken to the station for interogation. During interogation, according to the police, the dog handler (Mohammed) from Borno State, allegedly confessed that he mixed poisonous substances given to him by a herbalist with food for the dog to eat and after the dog ate the food it died. In his alleged confession to the police, Mohammed further said: “The security man in our estate, Eze, brought the information that if we poison my boss to death, kidnap his wife and demand for N80 million ransom we would be rich overnight. And to actualise our mission, I went to consult a native doctor, Ewuosi for help.

Source: kokofeed.com

what do u mean? do u know the latin americans are the biggest age scammers in the world? look at costa wey de claim 27!! he looks like a 37 year old, my friend. those latin americans can never divulge their real age....

chiefololade:
If Emenike is 27, then I'm 12

Nigerians.... scamming the international community since 1914

My problem with the youth of Nigeria is that they dont read; even if they do they do not comprehend. Do they teach reading and comprehension in primary schools these days?? Look at what the minister of state said, and read what this dunce wrote insulting the minister. "Minister of State for Power, Mohammed Wakil, has said Nigeria was now a power sector reform model to the South African government, saying that country now emulates Nigeria’s power sector privatisation model for the transformation of its ailing energy sector".
They may pass us in power generation; but due to their recent power problems they think our model of solving the problems of power is worth emulating. Yes they look up to us in terms of the model we used/trying to use to solve the problems i.e. breaking the PHCN into GENCOs and DISCOs.

eliment:
This man is sick in the head how can a country generating over 40,000mw with a population less than 60m be looking up to a country generating 3,000mw with a population of 170m. If you want to make GEJ government look good please stay within the confines of reasonable lies

pretty good in zimbabwe?? do you know that about 4 years ago Zimbabwe was the only contry in the world were a billionaire find it hard to feed? and they had as their highest money denomination as 100,000,000 zimbabwe dollars; a single note? old people suffer from dementia most often than not.

iamrealdeji:
What Fayose doesn't understand is that most of these young folks that have ruled this country have been unable to take it to where it's suppose,so,we need to opt for an elderly candidate that enough experience and has a good reputation,Robert Mugabe is even old enough to be Buhari's father,and he's doing pretty good in Zimbabwe

hear urself out!! minimum wage in the US N18,000 a month in the US? that is like $100? are you serious? Eventhat cat be the minimum wage in a week in the US. get ur facts right before coming to comment here...

nwanna89:
Minimum wage in USA is not 18,000 naira per month

what has apc got to do with this? we are trying to brain storm to see how we could recognise and avoid such a menace; you are talking out of point. i just wanted those who have exprienced such or had a lucky escape to come out and narrate their experiences......cheers mate

mumumugu:
Apc state

Beware, criminality has taken a new dimension in Lagos

Metro Wednesday, January 14, 2015


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By Bose Adelaja

Imagine yourself driving and suddenly, you get stoned by an underage person and you try to react but somebody appears out of the blues and says to you sarcastically: "Ah, ah, he is a child now! What do you want to do to this little kid? After all, you are a parent." Unknown to you, that is a trick to infuriate and get you distracted in order to rob you. That is the new trick by criminals.

This is a new dimension in criminality as some underage persons are being initiated into three cults namely: ''Awawa, Baseje and Onyabo." In Yoruba Language, Baseje means a destroyer of good things, Awawa means 'we are relevant,' while the third group, Onyabo means 'forcefully coming en masse.

This category of suspected criminals/cultists were said to have emanated from Papa-Ashafa, a suburb of Agege, and gradually spread to areas like Isale-Oja, Orile-Agege and neighbouring localities like Surulere, Ketu-Alapere, Alimosho and Itire-Ikate, all in Lagos State.

These nefarious groups comprise both genders, usually between ages eight and 14 years and move in twos or threes depending on their mode of operations.

Findings reveal that they are usually found in parties, market places, bus-stops and some gridlock-prone areas. In most cases, they look rough and unkempt such that one can easily take them for beggars.

They move around cautiously, looking for good places to strike although one hardly believes it is what they do unless one falls into their trap.

During the daytime, they come very close to your car, pretending to mop the windscreen unknown to you that they are with dangerous implements ready to launch an attack in case one does not 'cooperate' with them.

At night, they position themselves, pretending to be hawkers but at any slightest chance, one becomes their victim as they rob him.

Now that law enforcement agents are found on some major roads in the state, this group of suspected criminals have also devised a means of outsmarting them. One of these is by positioning themselves a few meters after genuine Police check points pretending to be engaged in one activity or the other, sometimes as support to the law enforcement agents. But on the contrary, they are criminals, ready to strike at the slightest chance.

Vanguard Metro spoke with some of their victims recently and the story was almost the same. A victim, Mr Dapo Tunwase said: "It is better imagined than experienced. It is like what you watch in movies the day I had an encounter with them. I was coming from a supermarket where I picked some items for the family and suddenly, somebody walked across as I drove along Isale-Oja and I slowed down for the teenager to pass but the next thing I heard was a heavy knock by the driver's door and I quickly parked to check what happened only for me to see a little boy. As I was trying to scold the boy, a matured voice spoke from another direction "Ah, do you want to kill him? After all, you are old enough to be his father." I became a victim of robbery by the same people."

Another person, Vincent Obah fell a victim around Idowu Street, in Ikate area. He said he was dispossessed of his belongings at gun point by some children. "They were three in number and I almost got blinded by their beatings."

Another victim, Mr Ibukun Ojulari called on government to enact a law prosecuting such children and their parents so as to curtail this ugly menace before it gets out of hand. Also, he advised road users to be at alert whenever they observe such setups.

A private school teacher, Madam Alice Shem called on the state government to quickly nip the situation in the bud while calling on parents to give adequate training to their wards. "Parents should train their wards in the way of God and government should act fast before criminality takes a centre stage in the state."