₦airaland Forum

Energist:
Yes, I support this particular subsidy.

An Igbo man calculated his cost of clearing goods on Monday based on the published CBN rate of 1350 to the Naira for that day. Tuesday morning he proceeded to fill out his form M but guess what the CBN changed the rate overnight to 1500. Using your analysis you should be in favor of the government covering his shortfalls I am assuming.

Energist:
Great gesture. The forex shortfall was no fault of the pilgrims. All pilgrims completely paid the Naira equivalent at least 2 to 3 months ago when the dollar was around 1100 Naira. Why will govt authorities turn around to give them something less?

From your post, I am assuming that you are okay with this subsidizing gesture. Just remember one person freedom fighter is another man terrorist it all depends on which side of the fence you are on.

CaptainFM1:
Christian pilgrimages are funded too. But both are wrong in a country that's asking students to get loans for education.

It is not only in Nigeria Partner. In the USA you can file for bankruptcy and discharge for all your related debt but not for Student loans. Why is that because the banks inserted that clause into the student loan, Student loans originate from the USA treasury which is money given to the banks to administer by loaning it to the students the banks make money based on the interest repayment of the loan. Biden is currently in the process of forgiving some students loan with a limit of $50000. Hard to believe but before 1980 tuition at all public universities in California used to be free. Then Ronald Regan was elected then tuition was no longer free. Tell yaa the Conservatives will always find ways to fu*k things up. Just ask someone living in the United Kingdom currently. How they are enjoying the BREXIT they voted for.

7upnigeria:
Jesus healed the sick, gave sight to the blind, healed the crippled and raised the dead. Till tomorrow, it will be on record. From taming the Atlantic ocean, Lekki Free trade zone, Lagos railway projects, LAMAT etc, TINUBU CAN BEAT HIS CHEST for being the brain behing these projects. Let your father come and name his achievements in life.

You Yorubas are a bunch of delusional people. You are all in the same boat in that your kosi kosi country (Kosi owo kosi ina kosi omi goddam always kosi kosi)

Thabothabo101:
This is great shit. We need this.

Partner according to Wall Street Journal cost analysis of this project over 750 houses will be demolished for this road. I am going to lay odds of 2000 to 1 10 years from now the road is not finished. This is the same country that borrowed over $200B to build a new capital. What were the economic returns of the borrowing? This is in a country that uses 70% of its budget on governance, how are those wardrobe allowances looking to you? Like I always say the whole country is a crime scene that needs to be roped off with yellow tape

moneyest:
It's your thiefing day you mean

Partner all of them loot so don't make a freaking big deal out of it. Your girl Stella former petroleum Minister did it. Jonathan did it. So STFU aiight

I used to like this guy but the more he opens his mouth the more I am beginning to dislike him. No, you didn't build the institution from scratch okay let's get that out of the way. The state legislators appropriated the funds for the building of the institution you just so happened to be the governor at the time. I freaking hate when a Governor or a Head of State tries to claim something that wasn't entirely theirs in the first place. Overall I still prefer him over the dead man walking President we currently have in place.

Call me naive regarding this matter. This is a Hausa and Fulani problem, and more ever Muslim. Well I ain't got no dog in this matter so I am staying what the fu*k out of it.

Prettychild:
Congratulations. It’s beautiful to marry and give birth early

Okay I ain't got no problem with you marrying and having baby when you are young but please make sure you freaking have the means and fund to take care of the baby. I am freaking tired and about to go to def con 4 with my people in Ijebu Ode coming me and telling me that our wife is expecting. First of all it ain't our wife I wasn't invited to the party so why in Jesus H. Christ am I being invited to the after-party.

Mynd44:
What they did isn't a "lesser crime". Only those who do not understand the law push narratives like this.

There is a world of difference between robbery and armed robbery. If they had stolen without carrying a gun, snatched the items of initimadated, they won't be getting this punishment.

Once you cross that line and arm yourself before going to rob, you have entered a new world where your life is Forfeit

As for the politicians who you think commit bigger crime, financial crimes are not on the same level as armed robbery in the eye of the law. This is why Yahoo boys get 3-year sentences

In my opinion, the whole country is a Crime Scene that needs to be roped off with yellow tape.

I stopped reading this bullshit of a story once I read the Minister's Name. Any idea how much money Nigeria has sunk into this Ajaokuta. A country with no electricity wants to run a steel mill Goodluck

KingAzubuike:
That's my papa. Anybody wey no belive can go to hell. You believe in your babalawo, you believe in jazz. Let us believe in whatever we believe in too.

That your Papa has been praying for Nigeria since time immemorial ask yourself one simple question what are all his prayers brought to Nigeria apart from ridiculous traffic every last of the month weekend? Wakeup people this man ain't nothing but a snake oil peddler.

Nigerians you now know why the price for a plot of Land in that country costs a ridiculous amount in that slum called the most expensive piece of garbage land. This fool of a CBN chairman plunged all his ill-gotten loot into buying land and properties because as a Nigerian those were the extent of his knowledge. He had no idea of what index funds were. Had he put a mere $50m into an index fund then his freaking returns would have been 87%. Since Biden was elected the stock market has returned an average of 42% yeap 42% I can attest to that just by looking at my Roth IRA account.

Wow, just bursting into someone's house Hope they have a search warrant.

Noerection:
the pain of this news goes directly to IPOBidients

The pain of this news goes directly to your linage ignorance. What in the news makes you feel better about yourself? I have been saying this for a long time the Yorubas are the real source of the problem in Nigeria, It pains me to say this but it just have to be said, The Muslims population within the Yoruba populace especially, Before you crazies start thinking this is coming from an Igbo person kindly look at all my previous posts then you will find out that ain't the case.

Omoawoke:
When I say the British has never been our friends, are not our friends and will never ever be our friends.
These guys only want pain and suffering for the west Africans. They don’t even care which country not to talk of your tribe or ethnicity.
Black Africans wisen up and know your enemies

Partner I 100% agree with you. When it comes to the British, they are a class-inclined society. In America, it is more into income and zip code-inclined society. This explains why the vote on Brexit passed. The UK people because of their racism against outsiders voted against their self-interest economically speaking. Mind you these are other white people, migrants from other European countries they were against. It is a lousy society. I once did an ERP assignment there for six months for Wipro, Lawdy I hated that country.

COOL10:
Give that paedophile biiitch nothing less than life imprisonment.

Wish she had been my teacher.

COMPAQ:
Why are spare parts traders always from the east?

Hold my beer for a minute I need to find answer to this question

ogododo:
https://www.vanguardngr.com/2024/05/naira-depreciates-to-n1540-in-parallel-market/

Why is 96% of BDC operators in that Country tend to be from the North? I am just curious. Are people from other parts of Nigeria allergic to operating BDC?

d142475:
The reaction to this post reveals a lot about Nigerians. Nigerians are not outraged by corruption and stealing. Many see it as normal and will do worse if they get the opportunity. The level of immorality, lack of values, greed, and avarice in Nigeria breaks any scale. I dare say that the average Nigerian is a looter waiting for an opportunity .

Since you won't say it with conviction I am gonna help you out and say it We Nigerians are looters and corrupt to the core we ain't waiting for the opportunity we go out and look for one. People noticed I said "WE" before some people started losing their goddamm mind

kingsways:
Is it a crime to own property?

Not if it was acquired with stolen money does that answer your question? If I make a cash deposit of $5000 into a bank in the USA the bank will make me fill out a 902 form for Internal Revenue Service Reporting. In Nigeria, anything goes and people still pray to their God to make the country better when blind Stevie Wonder can see the root cause of the country's problem.

bluefilm:
So you would be voting Democrats because they will give you your rights to be killing babies?

I dey shame for you, aswear

Which Babies are they killing? You Christiantaliban zealots are all the same. Trying to impose your moralities onto other people. Since you are calling a fetus still in the womb bay how about making a man start paying child support while the baby is still in the womb, mind you you are the one calling them babies. Let's take it further how about issuing the so-called baby social security card so that the woman can start claiming them as exceptions on her taxes? Meanwhile, there are no restrictions against selling Viagra online. All you need to buy that is your credit card. Why are you people so fixated about regulating a woman's body? Abortion is a private matter between a woman and her doctor try and get that through your cement head.

DystopianMuse:
This year's presidential election is like choosing from two poisons.

For the first time since I have been voting since 2000, I have always split my ticket between parties, but this time I am voting straight Democrats down the ballots even to the dog catcher level. The Republicans in Florida have lost their freaking mind. The six-week abortion ban was the final straw. Most women don't even know that they are pregnant in six weeks. Now we gonna be putting ankle bracelets on women to make sure they don't go out of state for abortion. What gives a man the right to go into a woman's uterus in the first place? Ain't that something? If that ain't enough the republican Governor had the nerve to say that slavery wasn't all that bad because the blacks were merely in apprenticeship and the skills they learned while being enslaved served them in life after slavery was abolished. Imagine over 100 years of apprenticeships.

WrriterNg:
And who do you think owns this so called US wealth?

The Saudis, Qataris, Kuwaitis, Japanese, Chinese and other countries. They own about 70% of all US reserves and major shares in the top companies in the US.

So all these talk of GDP is useless because it doesn't even belong to Americans. It belongs to the people who owns these shares.

Even a cattle herder in Mali with lots of money can own major stakes in a US fortune 500 company.

Psst !!! Let me get your attention. US External outstanding debt is about $33T. The amount owned by foreign interest is about $2.9T , the biggest owner of US outstanding debt is the Social Security obligation fund. Fortune 500 portfolio does not have anything to do with USA overall wealth status. Apple is a USA company but its tax-registered address is in Ireland same as Coca-Cola. The USA has a $34T economy, the second country is China with a $13T economy. This your so-called dying empire might be sick but dying I don't think so. Ask yourself this question why does the rest of the world prefer to keep their external reserves in Dollars even China or Russia still does.

WrriterNg:
A dying empire on it's last legs.




And who's the US biggest market?? China is.

China would retaliate I'm sure.

That dying empire still generates 60% of the world's wealth. China's economy with its 3 times the population still has 1/3 GDP of the USA. 75% of the goods in the port of Shanghai China's largest port are destined for the USA. China is not the USA's largest market both Mexico, and Canada are 1 and 2 followed by the EU. Partner gets your facts right. California by itself is the world's 5th largest economy and right behind is the Lone Star State of Texas at number 7 not too bad for a dying empire. FYI Russia's economy is just the same size as the state of Illinois

emkz:
The Minister of Communications and Digital Economy, Dr Bosun Tijani, took to his twitter handle to announce that the Federal Executive Council had given approval for a special purpose vehicle to add 90,000km to Nigeria's fibre optic cable infrastructure. This is towards boosting Nigeria's internet connectivity.


Dr Bosun Tijani
Federal Minister of Communications and Digital Economy

Only in Nigeria can someone utter something so stupid and people believe him. You do know that fiber cable goes underground right? to send the signal to the glass fiber you will need an emitting splicer with a light pulsation grid Partner you don't have those in Nigeria. Even in the USA only the final mile from the Point of reference on the Street to a house is fiber. From the Carrier to the Point of Reference are still copper. Only 65% of the internet traffic in the US is on fiber. Japan this is 90%. That explains why internet speed in Japan is 10 times faster than in the USA. I hate when someone just blabbers out nonsense and people don't call them out on it. Can these people just get the Electricity issue resolved first before they start dreaming of things they have no clue about?

leokid866:
they peg to the dollar cause that's how international trade works or you think it's only in Nigeria?

Nope no other country does that. Trust me I design/write web based business applications for clients. Custom clearing in all the countries I have ever dealt with is a fixed amount in that country's currency usually based on the waybill declared value. Nothing to do some dollar floating valuation. This tends to make it easier for the importer to plan. This gyrating CBN dollar value makes it difficult for the importers. If goods arrive at a favorable exchange rate period that creates an unfair pricing disadvantage for another imported that just happens to do clearing when the exchange rates happen to be high. All brand new cars imported into the USA carry the same clearing amount of $595 destination charges this is included in the MSRP (Manufacturer Suggested Retail Price) of the car. Don't get me started on Nigeria's imported car Vin Valuation crap. Nigeria charges more in Customs duty on a salvage vehicle as compared to when the car was brought into the USA when the car was still new. Unbelievable.

The Federal Government created the NDDC because the people of the South-South were all begging for it. After spending billions of Dollars can someone please tell me one thing that the NDDC has done for the South-South? Next, we all gonna be hearing some gibberish from their so call leader Edwin Clark about them being marginalized. People your problem ain't some Hausa/Fulani cabal. Look in the mirror you will see your problem.

leokid866:
yen...yen...yen....when the rate was coming down from 1600 to 1260 we did not see you utter a word now it is going back to 1300+ now you're shouting I beg sit down......

Why are they pegging the cost of clearing goods at your country port to the dollar? Makes no sense whatsoever.

Matheusmartin:
...
Simply put; all powers belong to Jesus.

REALLY !!!! Thought it was in the Bible "Heaven Helps those who Help Themselves"

Thundafireseun:
you will go to jail for taking the laws into your hands

Maybe in Nigeria here in Florida, it is called Stand your ground. Even aggravated assault in 7 years, out in 3 with 4 yrs probation. All I know is he will be freaking dead cos I am going to be sure to pump in minimum 3 shots

Thundafireseun:
Abeggggg nah her ex wear that masquerade dress….

Buh normally women are always advised to hide when they see masquerade

Why? Now here is a case for justifiable homicide if I have ever seen one. If that was my daughter trust me I am putting a hole in that motherfu*ker head.