₦airaland Forum

SoNature:
The inferiority complex of the black man is shocking.

Let me establish some facts here:

1. Apart from black Africans, no culture swallows food without chewing it.

2. Our forefathers who taught us how to eat swallow saw spoons and still preferred to use hands.

Therefore, nobody should tell anyone to use cutleries to eat swallow because those you even try to impress don't even know that the food is unique to you.

We should be bold enough to export our culture to the West; don't come here and infiltrate our culture with that nonsense.

If you want to use cutleries to eat swallow, good! But the culturally approved standard of eating swallow (which is only unique to black people) is bare hands!

while I appreciate your response, eating with your bare hand is a crude way of living.

This may lead to another European war

darediamond:
Britain will Never allow that!

Royal house of England own SHELL DIRECTLY.

There friends owns Cheveron, TEXACO etc.
Nigeria is still being colonized.

It is not ordinary that Nigeria Refinery Got DESTROYED and made remained so. It is a DELIBRATE thing orchestrated By BRITAIN via there foot soldiers in and outside Nigeria.

This is further energized by Devaluation of Naira which they always encourage our Wicked Polithiefcians to do always.

The only antiodate to this network of wickedness is to use your Naira to Buy Dollars at lower rate from the Banks in and outside Nigeria and sell it Back to Naira at Black Market Rate. This is what everyone should be doing in Nigeria now instead of Japaing UNREASONABLY and UNNECESSARILY.

The Bank Cards of Access, UBA, PROVIDUS, PAGA, SPARKLE, FIRST BANK, STANDARD CHARTERED, Zenith Bank, Alat By Wema, Wema Bank Card itself etc can all be used to buy Dollars at lower rate and sell it at higher rate through: Skrill, Payoneer, Binance Gift Card etc.

The Banks are in Business to make money, and they do get there dollar from C.B.N who actually get the dollar from sales of Crude Oil activities of Nigeria.

This reveals that there is 3 types of Forex Rates in Nigeria namely: C B.N Rate, Commercial Bank Rates (Official) and Black Market Rate (Parallel).

Even if you have Japa, you can still go into this by learning how to use bank transfer and bank cards.

Before you Japa if you want to, make sure you open Dom and savings account with all the C.B.N licenced banks in Nigeria so that you can easily lock into this Antiodate to the Arficial Inflation Created By The Ruling Class in Nigeria in connection with International Monetary Fund I.M.F.

May we never be Slave for the rest of our lives ooo.

Stop gaslighting people that is not how it works.

oyichi:
sell those refineries and give licenses for more modular refineries and in six months, the dollar will be on its knees, we will be exporting finished products and racking in the dollar on daily basis, very foolish president and his stupid cabinets

it is not as simple as that, Modular refinery do not produce PMS

Resetinc:
Gmail is useless, even a primary school pupil can hack your gmail account 😂

is it the Gmail with a 2 factor authentication or a different one?

EazyMoh:
A daughter is nothing less than a son. She should also inherit a part of her father.
Ok what if you only have female children? Your legacy then becomes terminated?

Now let me answer you as sincerely as possible. You see, culture is from time immemorial. Inherited properties cannot be given to females and there is a reason. If I acquire wealth, I can buy my daughters choice houses in their name. But I cannot give them an inherited property because it will be a great disservice to my sisters who should be first in line before my daughters and so it should have gotten to my aunties instead of my sisters. You see? If you have all female children, your inherited properties goes to your nephew or your brother. While the property you acquire yourself can go to your wife or daughters. Remember after your demise no one can touch the inheritance until after the passing of your spouse and your daughters all married

JaskanFactor:
At a time petrol cars are no longer being manufactured worldwide, and the value of used petrol cars is falling through the floor globally, at such time refinery is about as useful as amala arriving on dinner table after the soup is finished.

Such is the way the Europeans that own Africa always ensure its a backward place. They will make sure Julius Berger of Germany is the only one able to build bridges in Nigeria, until the very day that only flying cars are being manufactured, then they will enable Nigerians to build their own bridges.

Petrol as an important forex generating commodity is dead. And so is the petrol car , atleast from a business/financial perspective.

The European owners of the world are running very fast to dead anything to do with petrol or diesel, that is why they are allowing Nigerians to build refinery now.

I can only estimate they will turn Nigeria into a global medical hub for people, when there are only robots left in the world.

When your enemy runs your country, they always make sure to bolt the door after the horse has bailed.

CBN and Nigerian economy is doomed cause they deliberately made the country too reliant on oil for forex.
For the last 2 decades the Europeans that own the world have been transitioning Saudi Arabia to high tech economy, but in 2023 they allow dangote to build oil refinery in Nigeria.

while your analysis is futuristic, demand for fossil fuels won't just disappear. The UK granted over 100 oil drilling licenses 2 months ago or so. Hence drilling in the north sea of Scotland is imminent

uniquetechng:
if the CBN has experience in monetary policies we wouldn't be where we are today.

Our FX problems are beyond Monterey policy and price stability

Ikaeniyan0:
Nah me dey waste my time on a dumbo like you

when you can no longer hold at the center, you resolve to tantrums, I know quite well that this forum is good at that. I was only waiting for you to get to this stage before calling it a day. Thanks for the banter and arguments differing opinions should create animosity, I trust we catch up on some other issues. Have a good day

Ikaeniyan0:
What's my business with all this things you dey talk abeg? Every Nigerian know what you're talking about, is not a secret and I don't understand why you're telling me.

Go and look at my first comment you quoted and tell me the correlationn it has with this your comment.

Now let me refresh your memory again cause you seem to just be arguing out of point.

Once the refineries start working in Nigeria next year, it will relieve pressure on the naira because the dollars will stay in Nigeria instead of going to refiners in Europe, North/South America and Asia.

This is my humble opinion in bold. How what you're now saying have a correlation with my point of why I disagree with the article is what I don't understand yet.

As a senior strategy analyst, I am telling you that it will not, until all the local demand is met and we still have extra for export and we inject those export proceeds into our legal FX market, the pressure on the naira will not ease. Know this and Know peace ✌️

Ikaeniyan0:
You're extremely dumber than I thought

Damgote a private business man is doing his business and remitting his returns as the law stipulates should make me happy? Like he dashed CBN the money? or the money will end up in my pocket or what? Is GLO not also remitting from their foreign operations what about the banks? I don't even understand your stupidity 😭

Ikaeniyan0:
You that do not know billions of dollars we spend on Importing refined crude petroleum will stay in Nigeria dey talk say make person consult you

Common sense no even let you know Dangote do repatriate millions of dollars into Nigeria covers yearly till I cure you from your dumbness

In more than a decade it was just last Month that NNPC Ltd decided to buy in cash, which we are still observing after remitting Zero to the National coffers last year. We have doing crude swap and even at that NNPC is still owing traders over $3bn. You can quote what I have said anywhere and if anyone comes out to argue, I have my facts figures handy.

Ikaeniyan0:
If I go through your posts, I won't be shock you're an IPOBdient

Well, am glad I have prove how the refineries operating in Nigeria next year will lead to less pressure on the naira.

Whatever being an obedient is to you is your prerogative. Economic policies is not between FG and Obedients, rather it is between our market economy and market forces. Less I forget one Obedient was made an SA recently, while during the past administration I had written papers on Macroeconomics and Fiscal policies to both the ministry of Finance and CBN. Rather than consult with me or engage in my proposal what CBN did was to offer me a job, at one CBN branch in Umuahia, , not everyone is looking for crumbs. My loyalty is to the Federal Republic and not to the Executive

Ikaeniyan0:
It seems you're an IPOBdient, nah una go always find every stupid reasons to downgrade Nigeria.

I proved to you dollars made from Dangote refinery will stay in Nigeria, instead of you to be grateful, you have started another round of wailing foolishly.

We're talking about A, you're talking about B

To be grateful for what exactly? You seem to be dumb? Dangote brought in dollars over how many periods, how consistent was it? Patriotism doesn't make me stupid. I have benefited from Nigeria far from what you can ever get. It doesn't make me to stop questioning inefficient and ineffective policies. If you think constructive criticism is painful then that's is for you to worry about. During my secondary school days in Lagos, my Jets club won several gifts from LASG and I got laptop computers when I was 14 when Pentium 2 was over 300k. I cannot even count cash prizes and other gifts to free scholarships. You cannot tell me about patriotism. You are just one Nobody on a faceless forum jingling about a sensational headline

Ikaeniyan0:
Look at Dangote repatriating close to $700M to Nigeria from other countries. Click the link below and read.

https://www.thecable.ng/dangote-weve-repatriated-over-687m-through-our-africa-operations/amp

Even if we pay Dangote in dollars to buy refined crude from him, his dollars will remain in Nigeria, is not going somewhere else.

And Dangote refinery is not the only refinery that will be operating next year.

OK, let me agree to the repatriation, but please it was over what period? So Dangote brings in close to a billion in five years or four years cos the article didn't specify and do we build up analysis from it and how sustainable it is? Only change of cars for the executive, legislators and Judiciary in less than two years will wipe out the funds we are talking about

Ikaeniyan0:
Dangote is a Nigerian, his dollars will remain in Nigeria.

Dangote refinery is not the only refinery that will be operating by this time next year in Nigeria.

Dangote will get the dollars from where? From the one you and I are using to buy petrol? Don't think you will sell crude to Dangote in Naira and buy refined petrol in Nigeria. This is because, his bulk expenses for maintenance and services for the refinery will be in dollars. Now let me enlighten you, the modular refinery produces diesel, kerosene and crack naptha and not PMS. The cost is not viable for modular refineries to produce PMS. Petrol is our largest demand. Sorry the modular refinery would not help as much as you assume.

Ikaeniyan0:
I still stand my ground.

Dangote refinery, modular refineries and NNPCL refineries will reduce the pressure on the naira

Economic activities do not care about your ground, or my opinion, it is what it is. You are not going to pay Dangote in Naira? Dangote will not give you refined petroleum free of charge? You do not have the dollars to pay for it either? Hence, you continue to Swap, unless Dangote exceeds local demand and begins to export then we can ask him for the export proceeds. Body language doesn't work here

Blueace247:
Thank you for sharing this insightful analysis. It's always beneficial to have diverse perspectives on economic matters. While the challenges outlined are notable, it's important to remain optimistic about the resilience of the Nigerian economy. Efforts by the central bank to clear forex backlogs and address issues impacting the naira are steps in the right direction. With careful policy considerations and adaptive measures, there's potential for stability and growth. Let's hope for positive developments and collaborative strategies to navigate these challenges successfully.

CBN policies, hope and patriotism does not solve currency issues. You have to move from consumption to production with minimal corruption

TCMNetwork:
Milk is a luxury in Nigeria. The poor can't afford to use a tin of liquid milk that costs over #500. Some don't even think of using milk. Thank goodness for those sachets that cost #100

Devaluation and corruption made your currency weak and poverty skyrocketed. I knew security men who would come to our local kiosk in the 90's to buy a tin of peak for 19 naira, in the 90's you hardly get powdered or sachet milk, it was affordable to all those who had something doing. It was never a luxury item

TCMNetwork:
Smaller and mini products for the masses sell faster than big products targeted at the rich and middle class.

Peak was never for the rich and middle class, mismanagement made your country poorer hence groceries and consumables are now looking like luxury. Evaporated milk are among the cheapest varieties of milk. Very soon Naija will not be able to afford brand new electronics, just like how a brand new car is only for the rich

EJEGBULEJE:
What propaganda you talking about?? Everyone knows The Zionist stole the Land.

they stole it from who?

Philipponzaghi:
Fuel will not crash with the amount we want. Maximum reduction won’t be more than #50 reduction.

The only good thing about the refinery is that the $$ we spend importing will now be used for something else and like that it could help with your FX issue.

If $$ to naira rate come down, petrol price come down too.

we don't spend dollars importing, what we do is crude swap, we give the refineries crude in exchange of refined petrol products. With Dangote, it will be the same crude, therefore there is no immediate benefit. The only way Nigeria will benefit is if Dangote produces enough and begins to export hence the much needed FX can be generated.

honoursi:
Check your calculation again. 100k every day is way more than 1 billion naira after 27 years.


Turned down 3.9 Billion Naira just because you can't take a break from weed?

Sometime I wonder if these so called celebrities take us as fools.🤣

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N.B
If you have 1 Billion and spend 100k everyday, it will take you 27years to spend it all.

the guy is correct, 27 years and 3months

Faithful007:
You sound hilarious and naive. I'm 101% he didn't even know what was UNILAG before coming to Nigeria. Once he leaves that place, he'd quickly forget what that school is called.

His visit to Nigeria was on invitation from Pres Tinubu during G20 with a commercial/cultural tour of Lagos included. He accepted an invitation, not like he was the one who proposed to visit Nigeria.

He came because of gas, it was all about gas export biz

KingCold:
Dubai, is not made up of whites and was a barren land a few decades ago, look at it now!!... Nigerians on the other hand are still hiding behind the white excuse to mask their underachievement...If the Emiratis can do it without whites, why can't they? They have the same oil don't they? 60 years later they'll still be singing the same excuse after being surpassed by the likes of Kenya, Rwanda, and Uganda mark my words

The problem with Nigeria and to an extent sub-saharan Africa, is "tribalism" and extremism.

victory36:
If china decides to invade now you will be among those calling them warmongers

Taiwan is part of China yet they cannot reclaim their territory because of uncle Sam's cane

Confirmedzombie:
Lies from the pit of he'll. Isreal bombing of the hospital killed over 400 persons and the EU is here telling lies.

I beat my chest, the Arab world will revenge this killing of innocent Muslims.

Isreal will be levelled down soon to dust

May the souls of our Muslim faithful rest peacefully.

May prophet Muhammad (SAW) accept their souls.

May they be welcomed and receive their 72 virgins

Insha Allah
Amin

if every man takes 72virgins what about the women? Shey the virgins go reach me too?

Almighty China that cannot invade already Taiwan, Taiwan that is very close to you, you can even get there with a Canoe, ok supply weapon to Russia noway, then how are you a super power. Imagine a country telling USA, that if you help another country, there will be consequences....but the USA humbled China, as for Russia, I don't know how long it will take them to clear the oblast

Felabrity:
China and Russia will dominate the world in 10 years

Unless they removed their current leaders

even China knows you are lying

Timmi:
So from the list below, number 4 and possible number 8 no be Ibo/Igbo. For the region that didn't vote for him nor acknowledge him, you should be happy that the Ibo/Igbo got good positions and not just some hand me down ministries like the previous administrations.

(4) National Broadcasting Commission (NBC) — Director-General / CEO — Mr. Charles Ebuebu

(5) Voice of Nigeria (VON) — Director-General / CEO — Mr. Jibrin Baba Ndace

(6) Advertising Regulatory Council of Nigeria (ARCON) — Director-General / CEO — Dr. Lekan Fadolapo

(7) News Agency of Nigeria (NAN) — Managing Director / CEO — Mr. Ali Muhammed Ali

( Nigerian Press Council (NPC) — Executive Secretary / CEO — Mr. Dili Ezughah

The North that got good positions in last administration, are there no more poor people in the north today? Are there no poor people in Daura today? Did people from SE become poorer because of lack of appointment?