₦airaland Forum

drmikeadams:
Most naija woman only love their kids,they maltreat any other kid who is not theirs.

See generalization.

pocohantas:
I don't see it as suffering, trekking is fun...on a cool day and road with less traffic...

If not, Naija guys won't allow you trek in peace. The moment they profile your backside/legs from behind and it meets industry standard- they will clear and say "am I going your way?"

Boya mo jo compass abi windvane

KoiceReloaded:
It's not a forgettable movie, but it's not a cinema either. It's never gonna make it into the National Film Registry, nor win Academy Awards for best picture. Endgame is purely a self-congratulatory fanservice.

I thought I was the only one who felt that endgame was overrated.

skypper:
Barcelona captain Lionel Messi uploaded a photo of himself in his younger years with his wife, Antonela Roccuzzo, on Saturday, alongside an image of what they look like as a couple in 2019.

Messi and Roccuzzo have been together since their teenage years and have had three children (Thiago, Mateo and Ciro) together.

"The years go by..." Messi wrote as a caption for the photo on Instagram.

https://www.instagram.com/p/B3zxcL1iwuy/?utm_source=ig_web_copy_link

https://thickmatch.com/years-go-messi-posts-photo-teenage-days-wife-antonela/

His wife is beautiful.

grandstar:
Tax revenues need to go up. It must however be in a pro business way. One of the easiest ways revenue can increase is for the CBN official and investment window exchange rates to be merged.

This alone should bring in an extra 500bn at least in a year in revenue.


。

So I guess the one positive thing about this buharis regime is that he improved tax collection.

dre11:
https://www.newtelegraphng.com/2019/10/american-prisoners-earn-higher-than-nigerian-workers-aregbesola/

Thank God the minister said that this was due to the Nigerian economy being smaller than Americas own.

You can't compare the u.s and Nigeria. They are not mates at all. The economy of the u.s is 9 times bigger than the whole of Africa.

.

owowa145:
University of East London ooo, baba i tire. Most companies sey make i go start my own business like its a crime to av 1st class.

Nawao . So the legends were right after all that not all first class graduates get jobs.

owowa145:
Wo, i graduated with over 1st class, still no lucrative job #InsideLife

Really?

From which school ?

GistMore11:
A 24-year-old boy ties the knot with his older American fiancée in Ughelli, Delta State.

Elvisound LDK shares Photos

https://m.facebook.com/photo.php?fbid=1204216859765589&id=100005318594954&set=a.884176435102968&source=48

Oh no.

grandstar:
For the drug war to end, all the American government has to do is to legalize the sale of cocaine and heroin and undercut the street price of the drug dealers. That will drive them out of business.

Note that cocaine is very cheap to make. It is the illegality of it that makes it expensive. You can buy a kilo for a $1,000 in Bolivia and sell for $35,000 on the streets in America.

The Mexicans don't produce cocaine. Mexican drug barons are simply mules. They help the Colombian drug barons ferry the drugs into the United States. If they are successful, they keep half the drugs.

If Americans make It legal. The citizens will become very very bleeped up.

Harmony92:
She needs anger management

What she did was justified .

Duchessree:
wow... this is so cool...
money heist is one of my favorite series that is after GOT and into the badlands... when watching money heist every episode keeps me on edge, the tension i had ehn was too much , and i also love the song "Bella ciao"

Is into the Badlands that interesting ?

Young03:
Holy shiit

ASwear u too ugly

Fat, dirty

My dick no go rise if u pull cloth

Nawa o

djdutch:
Their population is 12 million. They have gone from a third world to 2nd world country. Their leaders are not fantastically corrupt.
https://punchng.com/n108bn-fraud-efcc-keeps-mum-on-akpabio-probe/

Rwanda is still a third world country bro.......for now..

grandstar:
The poor state of the economy is no excuse for the level of drug trafficking Nigerians are engaging in.

India is not as rich as Nigeria in terms of Per Capita income yet there are 2 Nigerians for every 1 Indian on death row. This is despite the fact that India's population is at least 6 times ours. Also, India isn't too far from Malaysia while Nigeria is a world away and yet, Nigeria no carry last.

Nigerians are disproportionately represented which ever way you look at it.

I think this proves that poverty isn't the cause of crime commuted by Nigerians abroad.

grandstar:
The problem isn't Insoson but rather an unsound economic policy.

Nigeria if left to sound economic has no business manufacturing cars. Peugeot and Volkswagen were already keen to leave the country in the 1980's when the economy was much better talkless of now. The captive market is too small to make car manufacturing (local assembly actually) worthwhile. The country has no comparative advantage in manufacturing cars and no foreign investor would set up a world class plant like has been done in Morocco without a huge captive market. The cars made in Morocco are destined for the EU market.

Pat Utomi suggested that rather than produce whole cars, Nigeria is best to focus on parts of the car industry. Imagine if the country produced 5% of all brake pads used in car manufacturing for instance or 5% of batteries. That is what makes champions.

The FG got it wrong and not Innoson. Innoson just rode on a faulty policy

What gives Morocco a comparative advantage in car production ?

Northerner Amaka

Kilode1:
It was. Mostly a blur now, I was too young. But I remember shopping at Kingsway with my parents.

I remember my Indian Science teachers ( at a public school o) and one or two Ghanaian ones too.

We can become a destination country again, but we have work to do, radical work. Gradualism won't get us there.

So that stuff about Indians coming to work in Nigeria is actually true .

Grandstar during the oil boom of the 70s , we had ghanians coming to Nigeria for jobs. They said back then unemployment was very low .

Why didn't something similar happen during the time of Jonathan ?

faithin9ja:
So the Ghanaian economy is better or stronger than Japanese economy because it's 70 Yen to the Dollar and 2 Cedi to the dollar.

Didn't the Ghanaian government just remove 'zeroes' from the old Cedi which was something like 10,000 cedi to one dollar and create the new Cedi, why doesn't our CBN just remove the 'zero' from the N160 to $1 and declare a New Naira at N1.6 to one dollar?

Is it that easy?

Brilliant.

Exactly what grandstar said ?

grandstar:
Britain's expected budget revenue was 810 billion pounds and expected deficit, 32b. This is a country of 66m people, a third of Nigeria's and producing 1,420,000 barrels of oil a day. I doubt oil revenue accounts for more than 3% of the budget's income.

Until oil revenue's share of the country's budget can be reduced to less than 25%, there would always be flak whenever the price of oil collapses.

Jesus Christ is lord , so Britain produces so much oil.


And as much as this oil is , it's just 3 percent.


Somebody shoot me.

grandstar:
Oil did not trade at such juicy prices throughout the boom. During OBJ's term, i don't think it exceeded $65 a barrel. Briefly during Yaradua's administration in 2008, it touched $147 only to come crashing down to $35 the following year. It was the funds in the Excess Crude Account that bailed the country out.

Oil's glory days started between 2010 and 2011 when the price of oil hit $100 and was at that figure till 2014. The excess money went in the following ways.

1. Salaries

In 2010, Jonathan recklessly approved an increase in worker's salaries from N5,500 to N18,000 simply to win the votes of the workers. This largely wiped out benefits of the price increase.

State governments complained bitterly about the hike. The spiralling wages led to an increase in recurrent expenditure and a crowding out in funds available for capital projects. It was an unpardonable tragedy from Jonathan.

2. Fantastical Corruption

Nigerian politicians are some of the most unaccountable in the world. Infrastructure projects are carried out at outrageous costs. Worse, the quality maybe substandard. At times, may not even be carried out after disbursement of funds.

Free drugs meant for patients disappear without a trace. Money meant for structural repairs are either embezzled or held up until fat cats are settled. The list is endless

Government's presence is best sensed by the citizenry through capital projects and when these are largely absent or crumbling, they feel abandoned.

3. Overvalued Exchange Rate

Despite the high fuel price, the Naira was overvalued because of the wage increase and the fuel subsidy which brought pressure on the Naira.

Sanusi was urged to allow the Naira depreciate from 150 or so but he refused. He maintained the exchange rate at great cost to the country, spending over $20b defending it. I'm sure if he had allowed the Naira depreciate to about 180, I'm sure there would have been at least $80b in the foreign reserves by 2014.

Also, a weakened Naira would increase the revenues accruing to all tiers of government, giving them a surplus to invest in infrastructure.

4. Naira substitution policy

This policy keeps inflation high and keeps the level of investment and productivity low by discouraging borrowing.

High oil prices makes the Naira substitution policy very painful. Imagine the country earns $3b a month from oil in 2010, that is 1 trillion a month tpo be disbursed. Now, imagine if fuel price is $100 and the monthly disbursement is $6, that is 2 trillion. That increase is simply excess money. That excess money has to be mopped up by the CBN which means high interest rates.

Henry Boyo has urged that this money be disbursed using Dollar certificates which can be exchanged for Naira at the commercial banks. This will put an immediate end to the excess money and even lead to the opposite. The CBN will be forced to relax its present tight monetary policy that discourages lending and investment.

The list is endless.

Most importantly however, Soludo's recent advise needs to be taken seriously. The foundation of the country is faulty. It is designed to encourage rent seeking, just living off oil money. It needs to change. It needs constitutional and structural changes.

Even at $100 a barrel, government revenue is still rather small and I doubt more than 10% of GDP altogether. It isn't something to write home about.

The oil sector accounts for about 10% of the country's economy. It isn't that big. Where it bares its teeth is in government revenue where it accounts for 75% of government revenue and perhaps that share of exports if not more. It is here it causes a lot of mayhem. This has to change.

Britain's expected budget revenue was 810 billion pounds and expected deficit, 32b. This is a country of 66m people, a third of Nigeria's and producing 1,420,000 barrels of oil a day. I doubt oil revenue accounts for more than 3% of the budget's income.

Until oil revenue's share of the country's budget can be reduced to less than 25%, there would always be flak whenever the price of oil collapses.

Grandstar during the oil boom of the 1970s , the naira was as strong as the dollar , why didn't the 1 naira become equivalent to 1 dollar during the time of Jonathan when oil traded at 150 dollars per barrel.

During 2003 to 2014 , oil traded at 150 dollars per barrel, where did oil money go to ? How come this boon wasn't reflected in the life of citizens ?

Cc grandstar , blue3k

pyro62:
They should check these Kenyans If they have blood in their veins or it's engine oil that flows in their body. Them no dey tire like machine.

It's the high altitude they live at that is responsible causing them to have more powerful lungs.

grandstar:
The root problem isn't race but poverty.

If Africa was prosperous and rich, this won't be happening. If there were some Africans countries doing well, Africans will look up to them for inspiration.

The Japanese became respected when they became tech wizards and rich. In Brazil for instance, white Brazilians respect for Japanese Brazilians soared when Japan became a rich nation. They stopped looking down at them. Even in Peru, a Japanese, Alberto Fujimori became their president.

We live in a world that worships wealth. With Africa being poor and backward, they therefore look down on ourselves and glorify those who are rich, majorly white. It is not the race they worship but the wealth and advancement they feel they ooze out and which they crave.

Before, Nigerians used to put down their musicians until Tuface changed things in 2004. Now, they are revered like the foreign stars.

Success they say has a thousand fathers, failure is an orphan.

grandstar:
Even if you stop stealing, it isn't enough. Nigeria only collects about 6% of its GDP as tax. A country like Guatemala which collects about 11% had it's figure condemned as too small. That'll give you an inkling at how small the revenue is.

That's why government is borrowing massively

If poverty stricken Guatemala and Rwanda have tax to gdp ratios as high as 11 percent , Nigeria simply had no excuse.

grandstar:
What is dumping? Do you know there's 0% import duty on most consumer goods imported into America? Also the same for most African goods entering the EU? Will you call it dumping?

What then is dumping?

Jesus!!!!

Are u 4 real ?

Kobomax:
But they are putting high tarriff on the stockfish at our ports causing artificial scarcity and making importers raise the market price. Stockfish today is very expensive per bag. I'd have invested in wholesaling it but the price just keeps fluctuating.

Jesus Christ ,are you for real ?

grandstar:
Is he rfeally white or Lebanese or Chinese? The wife isn't white!

White Nigerian is a lebanese o.

His wife is also lebanese

Wantedmiller:
Nigeria my country.

A work in progress!

Ask what the total cost per month is first

Blue3k:
Nigeria doesn't have leverage on either of them. When it came to Ghana all they could do is whine about botherhood when Nigerians were being deported. They never cited any legal arguments. S. Africa just exposed Nigeria wont do anything either. The biggest clown will always be FFK talking about going to war with S. Africa.

See when we increased Visa fees for u.s and then they did the same. No one had to tell us to reduce ours back.

Now that's true leverage.