₦airaland Forum

OP quit deceiving yourself, every Nigerian knows Tinubu is sick. Even you know the truth but choose to lie to yourself. Tinubu's children will be like"some mothers do have clowns".

Tinubu will not sack the perpetrator of the fraud that brought him to power. The paradox is that he is sacking others who he perceive as not to have supported him.

A thief cannot sack another thief that stole for him. My prayer is the the PEPT should order a re-tabulation of February 25 presidential election votes using the actual polling unit results. That way, Tinubu would be flushed out.

dealslip:
I do not share the opinion because those are the most lenient conditions precedent to drawing on the student loan. This is an interest free loan, the conditions are a form of collateral/guarantee. Even when you want to borrow loans with interest, you must provide a guarantor - a corporate or individual. You must provide a collateral too.

Did you read the portion that pegs household income at N500k? If your family earns N500k, it means your family is on minimum wage or even below. How much tax do yu pay if your monthly income is N20833? You pay nothing because you earn below minimum wage. So how would such parent get TCC?
Stop defending defenceless scam. That was how you all praised Buhari that he was a saint, see where it has landed the country now.

Op why are you wasting your time? The urchins you see are all agberos who do not know how jamb form look like.

Tomorrow Tinubu will tell them that he has approved free feeding and they will be falling upon one another. Any scam is all they need to be happy and you will hear "God bless President PBAT". That was all they did you 8 years, now the country has sank below sea-level

Folks like Asari Dokubo were the leeches Sarowiwa and the Ogoni activists wanted to eliminate.

Your territory is being plundered and all you can think about is pipeline contracts. These people have no sense atall. The kast one promised then clean up, nothing was done. This one is now going to offer them gateman job.

Asari and Wike should take a trip to Daura, a town that has nothing, but is built with Niger Delta wealth. He and the old the cargo from Ijaw land are looking from crumbs in the midst of plenty.

Common pipeline guard, while small boys from the north are cruising Lamborghini with Niger Delta o money.

JagabanBorgu:
Folks like u are the reason this country has been in boñdàgè for decades.
So it has become a trîbaI affair that u are calling Ika people to take action now abi?
Did Emefiele seperate Ika people from the sufferings of his faiIed policies?
CBN govèrñór suspended, we are all happy and satisfied with it.

Hypocrite ... why have you not call for NNPCL MD arrest for creating artificial scarcity?
Okay, the president does not have the BALLS to do that because the north will revolt.
What about the man who oversaw the most fraudulent elections?

You are one of the reasons we have a dieing nation because you choose to stand truth on its head.

Rayban25:
Leave naira design.

Emefiele commited some attrocies as CBN governor. So go and sleep.

What iffence that cannot be charged to court?

All of you commenting have not pointed to a single offence or evidence. Just hearsay and gossips.

Which group did he sponsor? Who amongst the group have they arrested as an accomplice?

Tinubu versus Emefiele: I have been thinking, is this not a personal vandetta of some sort? A man says he took instructions from the president to redesign the Naira, so what exactly is his offense? Was Emefiele supposed to disobey the commander in chief?

If anyone should be in custody, it should be the principal, former president Muhammadu Buhari and not a mere agent, Mr Emefiele.
Is it now an offense to serve one's nation? Those accusing Emefiele cannot claim to be clean either.

My dear Ika people, why have you all kept mute in the face of this obvious political vendetta? Your silence could embolden this people to pick another for no reason. Some are already potting the CDS as the next fall guy. What Are Emefiele's offense?

At the same time Nigerians were subjected to the pains of Naira redesign, fuel scarcity was also prevalent. Why has the president not sacked the NNPCL managing director and arrest him also? Okay, that is a sacred cow, because he is a northerners.

There is a parable that says, a fowl leaves who beat it and getting angry with the ground, for no cause. That is Tinubu's vandetta game..

@Mod, I hope you would not be insensitive enough by hiding this topic because it touches on this regime

stephendinks:
Inflation in Nigeria continues to surge as the consumer price index (CPI) reached 22.41 percent in May 2023, marking the fifth consecutive monthly increase. This data was revealed in the latest CPI report released by the National Bureau of Statistics (NBS) on Thursday.

Compared to the previous month, where the inflation rate stood at 22.22 percent, the May figure reflects a slight increase of 0.19 percentage points. Furthermore, on a year-on-year basis, the inflation rate for May 2023 was........

https://ratecaptain.com/nigerias-inflation-rate-rises-to-22-41-in-may-2023/

By end of July it will hit 29 to 30%, not with $ rate floatation and petrol price increase.

nedu666:
Let me go and buy dollars. 1000 loading. Imagine the profits

I have ask my tenants to pay in $$, agbadorians can keep their Naira stock.

dele1727:
Please Tell us how long it will take to fix the Refinery that you want in place?
What is the cost of fixing the refineries?
Where will the money come from? More Loans or sales of crude oil that are been rejected all over Europe and Asia?

And while bulding the refineries...you continue paying subsidy on the pms at rate of 6.3tn per day.....


On the exchange rates.... believe me the pressure on the CBN to source for dollar has dropped like the consumption of Fuel ...

Nigeria who Japa on student visa, who send money back to change in black market and get naira to CBN for school fee and Allowance will stop now because the rate are the same....

The importers, travellers and co who has access to cheap dollar to the extent that the get more than enough dollar from the CBN to sell at the black market will disappear ...

So the demand of dollar and the Fuel will have is 180% more than what is needed by the traders ... majority still find it way to the black market.. and since yesterday....The rate of the dollar in the black market has not changed ...it's still 950-960... depending on the buyer and the seller and their negotiating prowess


The real amount of dollar and Fuel consumed by Nigerians will soon be known...

Not the former inflated figures that is mainly due to underhand and shaddy dealings...

So stop speculating room and wait for the Market to respond and decide which way it will actually go....

Although something tells me that if this policy was done by someone else... You will embrace it just like you embrace the Naira design policy.. which turn out to be an extermly foolish idea

Thank you. However, you are being sentimental.

Let me ask you, where you will buy refined petrol for less tha $1 today, the world over? Where?
If you are still importing at about $1, there is noway NNPCL will sell it ex-Lagos port at below N800. If you are buying it at N488, government is still subsidizing it by about 39-45%.
Please, I challenge you to prove me wrong.

On exchange rate floating, it is a no-brainer. When you are almost 60% negative balance of trade, burdened with heavy dollar denominated loans and interest, the last thing you do is to water down your currency.
Let me ask you, if you borrowed money in $$ to build a house. You will pay interest and repayment in $$, abi. Now your rental is in Naira. As Naira is devalued how would you repay your loans? How much Naira would you need to finance your interest payment? Except you shoot your rent to the $$ equivalent, your investment is doomed

Now this is the scenario with Nigeria, a country owing $$T but devalues it earnings to satisfy international creditors? We are being hailed, but our economy is headed the Venezual way. Just watch.

Lastly, my point is that you do not put the cart before the horse. If PO adopted this approach, I will still fault it. I know PO would not be this thoughtless. This regime is only playing to the gallery and it would backfire soon.

Eteka1:
the reason China allegedly intervenes to deliberately devalue it's currency is to make the products it exports very cheap. That's why the US and EU angrily label them a "currency manipulator".

Totally agreed. Look around your house, 80% if not more of the products or articles you see are from China. From living room to your bedroom.

Check out a typical Nigerian lady. Hair, Nails, eye lashes, eye glass, necklace earrings. rings, clothes, underwear shoes, handbag, lickstick, phone, bangles or wrist watch, etc are all imported. The perfurme she wears and car she drives as well petrol in the car are all imported. To finance all the above, she needs $$ not Naira. Hence the demand for $$ will continue to outstrip the supply.

Our government officials and politicians are not different. Even the president's is guilty of this.
[B]
If we must float our currency, we have to first ban importation of luxury goods and items that can be made or produced locally. From the president to the street sweeper. We all need to buy local. Lock our borders and stop importation of consumption goods. Stimulate the economy by growing our local contents. We have the population to buy our local products.

As long as we cannot take this hard stance, we should never float our currency.[/b]

Economic policy changes are supposed to be properly planned and thought through. Unfortunately for the current regime, it has been one after another that have not been thought through.

One may ask, are we just dishing out policies to get praised without thinking them through? Or are we just falling into the traps of getting accolades from international entities like IMF and World Bank?

Fuel subsidy removal: As it stands today, with exchange rate at N750 to $, a litter of petrol at the pump would get to about N800 except, government will again start subsidizing it to maintain N488 - N590.
This is because,internationally, a litre of refined petrol cost about $1. Since we do not have any refinery, we have to buy at that rate, then ship it to our shores. Now tell me how we could buy at $1 (N750), then ship at say 5%, making it to land at about N788 plus internal logistics pushing the cost to about N800. How can we sell it at N488 if it is not subsidized?
A thoughtful government needed to have fixed our refineries and have internal supply chain under its control before announcing subsidy removal. But no, we always put the cart before the horse, just to curry accolades.

Floating Exchange rate: Do you know any country floating her currency / exchange rate? Even Russia and China, who are competing with the US do not float their exchange rate, talk less of a weak and import dependent economy, wherein demand for $$ would always outstrip supply.
Wait and see as people who have $$ would begin to hoard it and those speculators will now be buying up available $$ in the face of runaway inflation. Monetary and fiscal policies are things you think through. Currently inflation is going to about 23%, interest rate at about 25 - 28%. Now a sensible household would rather buy $$ to speculate on and retain value than buy govt TB or put savings in bank where interest would be about 5% as against 23% inflation rate..
What about the Consumer Price Index (CPI)? Our Naira would be so much weakened tthat I forsee a reversal of this policy. Just wait, in 90 days, people will curse the government. If you must float your currency atall, you needed to make sure your balance of trade (the difference in value over a period of time between a country's imports and exports of goods and service) is at equilibrium or near it. In Nigeria, our balance of trade is negative, meaning we import in excess of our export, hence we need more $$ than we make.

You may call me a wailer and unpatriotic, but that does not take away the facts and realities above.

@NL mod, I have observed thst you are wont to banning any topic against this government, please allow the people to know the truth. I have saved this post incase you ban it as the previous ones.

This is TruthTeller... more coming.

Tinubu and his "go fast" syndrome will soon crash the already dilapidated car called Nigeria. By the time petrol starts selling at N760, then Nigerians will do the needful.

So, with what did Yakubu Mahmood get his number, if 18000 results could not be read?
For all we could estimate that the blurred 18000 result could have atleast 2m votes that have been manipulated. That alone makes the election inconclusive.

Conclusion, the process was substantially flawed, hence Tinubu should be removed..

Hmm... Tinubu or babalu Bulaga effect.

Perhaps they run the BDC's codedly.

He is a Chrislamherbalist

Agbadocassava:
Akpabio is here to rule the senate

With 46 senators out of 108?

Bade007:
Don't know if I'm the only one but it just as if I don't have feelings for obi the same way I had before elections, maybe because he lost or maybe because tinubu has done more in 2 weeks these days I see my self supporting tinubu more, I'm a first time voter is it normal to loose interest in the person you voted after he or she lost??


insult from now till tomorow feelings wont come back maybe if he wins in court,but as of now nothing

Pls provide evidence that you supported Obi ... you known Agbadorian

E go shock you, people are not fooled by initial gra -gra that follows a new bride. Just wait for another election and see how things will turn.

Prepare for rerun election in Sep/Oct

You all have forgotten Buhari's body language of 8 years ago. These are initial gra gra to fool the gullible

duro4chang:
Peter Obi can never be president. Even if there is going to be re-run obi will not take part

Dreams are good elixirs

In 2007, former Enugu governor, a PDP candidate and Chime was rigged in against the popular APGA candidate.
The case got to the final determination, wherein Chime was declared not to have been elected. The tribunal ordered a fresh election. Then Chime won on a landslide. What changed? Chime simply used his 18months stay as unelected candidate to rubbish whatever achievement Chimaroke thought he made. He began transforming Enugu state and implemented a people oriented program, rebuilding all major roads with alsphat as thick as 10 to 22 inches. He impressed the people, even if they never voted for him.

Tinubu and APC are towing the same line.
Tinubu and APC are not taking chances. They are surreptitiously preparing for a likely presidential election rerun. Unfortunately, both PDP and LP are fixated on winning in court. The opposition will not be declared elected by the Supreme Court, at best the SC can only nullify Feb 25 results and declare no winner and give INEC 90 days to conduct a rerun.

When that happens, mark my word, "when: not :if:, Tinubu and APC would have warmed themselves into heart of Nigerians, particularly Obidients, that the latter would be like, let him be since he is performing. They have now resurrected the antiquated student loan law that has existed since the time of Gowon as a new law. Soon, they will adjust petrol price from N550 to N450. The people will praise them. They will increase minimum wage , etc.
These are all scam. Unfortunately, the populace will buy it.

The only way to defeat Tinubu in the next rerun is either Atiku or Obi steps down for the other. Will Atiku step down? Will Obi step down? Your guess is as good ss mine.
As it stands now, a rerun would hand Tinubu Kano votes, diminishing what Atiku would.
Lagos may be harder for Obi in a rerun now.

So, in my opinion. Atiku cannot win, because the South need to rule. The best bet for opposition is to rally around Peter Obi. They should support Yari, who may be saddled with the job of the head of interim government.

Many do not know why Tinubu is no longer openly against Yari. The latter may become the person who would determine who the next president would be.

Tinubu is campaigning for rerun. They already that supreme court will nullify Feb elections. All will e trashed.

Stupid post from political sychohant

Sunmolar:
What will he be remembered for as a former governor of zamfara state?

Gold trafficker

ScamBuhari

NzogbuNzogbu:
No wahala

But Sha don't cum and be crying tomorrow

Cry for what exactly? Some ignorant folk massaging your ego? Abeg rest!

Except you can rewrite the Nigerian constitution, Lagos belongs to ALL, Hausa, Igbo, Nupe, Ibibio, Edo, Yoruba, etc. Hence EKO is no man's land. Deal with it.

Until you can make Lagos a republic, any law promulgated by the ignorant legislature is null and void as it is subjugated or substandard to the Constitution and where such happens, the constitution take precedence.

There is NOTHING like indigenes of Lagos in Nigeria constitution. Know this and have peace.