₦airaland Forum

AntiChristian:
Only Band A users tarrif is increased!

Band B-E still dey N66/KWh!

How many of Una dey band A that uses minimum of 20 hours electricity per day?

Band A are those who uses minimum of 20 hours electricity per day! Only the pricing of these people were increased! Many people in band A were downgraded to Band B.

Band B uses minimum of 16 hours electricity per day!

Band C uses minimum of 12 hours daily!

Band D uses a minimum of 8 hours daily!

Band E uses a minimum of 4 hours daily!

I dey band Z ooo

Kevineleven:
They will not come down, let me explain
We are facing a 2 headed hydra,
One is the rising of fuel prices due to the removal of fuel subsidy and the other is Naira depreciation or increase of dollar exchange rate.
The increase of fuel prices is responsible for the rising cost of food items , and dollar to naira exchange rate only affects imported goods.
So the cost of food items will not reduce unless the fuel prices reduces.

The third part is imported inflation. There's global inflation. When you import, you import the inflation in the exporting country then the inflation in your country will add to it.

Wizzy13:
i had a debate with someone and i want to bring it here money and wisdom which is the best and which rules the world

Wisdom be gets money but money can never be get wisdom. The difference is clear.

Klass99:
When I first felt the desire to be child free and not have children I was in my 20s. Several people told me the feeling would change or I would change my mind as time goes by.

As the years went by my desire didn't wane neither did my mind change. The desire only grew stronger and my mind more convinced that motherhood is not for me.

I have no regrets so far and right now I honestly can't see myself regretting the choice. Home ownership and companionship with a good man, matter to me more than biological children do.

Please don't attempt to adopt because someone else was used to produce that. It will be hypocrisy.

Bullfallo:
Not wanting to have a child isn’t a choice per say. I hate to put myself into pressure or do things just because others are doing it, my lifestyle has always be different from public opinion. In fact opposite of the popular views or majority behavior. I don’t send or give a Bleep what anyone think about me.

Example is that people live there live on public opinion. They create a life of public presentations just to please public and get validated but i am not of public views. I do my things the way it pleases before considering public.

If I have billions of dollars like dangote the choice might have been different. I don’t live a life of faith. I must have concrate evidence of things or resources before i made any vita decisions. I hate to borrow or beg. I live a life of comfort. I am rich and comfortable but not for many mouths. Because I don’t want to adjust resources from my lifestyle

Your choice, your life....why ask us?

socialmediaman:
The only difference between this government and the previous one is, this one has unprecedented levels of propaganda!

Like, you met someone who was managing to eat 4 slices of bread as their only meal of the day, cut their only meal to only 1 slice of bread, then if they're able to eat 2 slices of bread for a meal, you start celebrating the improvement on the newspapers.

Say the truth: you didn't understand the grammar. Hire someone to explain to you.

ppogba:
We assume too much on this platform.

What gives you the impression that he has a CV?
What makes you think he is not typing his comment as a boi boi from one two by two apprentice shop?

What makes you think he has more than a school cert?

I wonder ooo

jmoore:
It means interest rate has increased.
It will scare people from borrowing.
And those who borrow will have to increase their cost price which will increase the selling price, thereby making inflation higher.

No sir.

fykes:
How exactly is the naira strengthening while the price of commodities is increasing?

The volatility has abated but the decrease will not come immediately because our traders will be saying that they bought the goods at old rate.

The reduction will come most likely when they replenish stock.

MrPristine:
These clowns have clearly lost the plot, this is a time that they should be working to reduce interest rates and encouraging more people to go into productive businesses to help grow the economy. Instead the clueless charlatans are doing the exact opposite.

Clueless charlatans? Members of the bankers committee?

Your suggestion: make savings unattractive so that the economy will be awash with high volume of naira in circulation to drive up inflation and exchange rate higher.

Between you and the members of the bankers committee who is the clueless one?

Social media....

GrammarNazi1:
Will this have positive implications?

Yes.... it's a tool to fight inflation and high exchange rate because it reduces loose money in circulation.

Inspirer1:
Implications?

Savings and investment in money market instruments will become more attractive because of higher yield.

As more money is invested there will be less money in circulation ultimately inflation rate will lower.

Regarding exchange rate, the lower the volume of naira in circulation the higher the value of naira to other currencies (all things being equal)

OboOlora:

Trial and error financial techniques.
Pump $$$ from foreign reserves to save a dying naira so people can applaud you for a week.
Then watch the same $$$ rise in the next month and blame citizens for not buying unavailable local goods.

It will be interesting to see your cv so that we can know how brilliant you are and your success story in positions you held.

Easybet1:
I bought at 1725 to a dollar. Should I dump it now and accept my loss

You better do now because it will fall further.

PointZerom:
I am a landlord too, it is wrong to disturb a tenant for one year rent under this economy. Only in Nigeria will you see tenants paying up front. At least 6 months rent is ok for now.

I have no problem collecting monthly rent from the tenant but the tenant must give me a bank standing order.

It's hard collecting rent annually talk more of monthly.

PointZerom:
Any landlord expecting 100% payment will tell Nigerians if he paid for all the building materials used on that house up front.

Did he pay for the building materials in areas?

Bmaster:
it is a very good suggestion and as a matter of fact how it's supposed to have been done, assuming Nigeria and it's leadership were not at the mercy of a grab-and-runaway-with-it politicians.
But,however,sir Makinde,please try as much as possible to learn from what happened to senator Ningi,. You are in a very good position to know better that our country Nigeria is gone,so subtly join the bandwagon before the group of 'emperial highnesses' reasons your case

Those that do not see anything good in this country will write like this. The intention is to harmonize the submissions and forward it to NAS as a proposed constitutional amendment. By this the passage of it at state houses of assembly will be easy.

nairalanda1:
Nigeria is mature for state police.

The only palava is funding and funding. I don't see federal government funding the thing. That means states , most of whom don't have the kudi

The governors have billions that they call security votes. What do they use it for?

adenigga:
Source: https://punchng.com/Kanus-family-knocks-South-East-politicians-for-abandoning-IPOB-leader

Now you are soliciting for their assistance but kanu was abusing all during his days of madness.

Is President tinubu your president? I thought that he is president of zoo.

You want political solution? How about Britain, UN, America, Russia, World court?

In life learn to be humble and don't over do things. We told them that they will get nothing through the path that they were towing but they called us names.

mytime24:
Yet d price of goods aren't coming down🤔

Once again how much is a bag of cement 🤔

Understand basic economics. The goods you have now were imported with the old rates. The businesses will not sell at a loss. The gains in the exchange rate will start reflecting with new arrivals.

4tomandchi:
I feel sorry for you still holding USD with the hope that Naira will fall to 3K you don’t know what is coming your way… For the next 3 months Naira will remain bullish

We told them back then that it was all speculation and not reflective of the economy. They used all tools to win their game until government through CBN and NSA outsmarted them.

Now we have an economy back on track. Wait and see what will happen when the refineries start producing.

Ogbuu101:
Oga,dollar was 500 when your destroyer in chief took over.
Tell him to take it there b4 you start making noise all over when dollar was actually sold above 1500 yesterday

That rate was a subsidized rate. No more subsidy. What it's moving to is the true value as per the economy.

CountinBlessins:
When a government relies on propaganda more than I integrity . Stop employing online trolls to defend your nonsense online and fix the damn economy!
Lies and propaganda can only go so far.
Maybe Tinubu needs to sack his media aides, special advisers on media and the minister rof information.

All these people are making him look so bad with their kindergarten level propaganda

What is propaganda in this news please?

Splashme:
Borrowing here and there to subsidise Dollar supply,

Raiding and threatening BDC operators

Restricting funds transfers even for foreign education

Increasing import tariffs

Increasing interest rates

Etc etc etc ... all these will only provide temporary relief. It's like a man digging a hole to cover another hole

An economy is managed by fiscal and monetary policies. All that you listed fall into these. Abi, do you want our economy to be rudderless and you will be pleased 😀?

derecho:
Tinubu should go and take lessons from Alex.
Not just promising heaven and earth but doing anything.

The most unfortunate part is Tinubu is untrustworthy

Which lessons. The state governments are getting the type of allocation that they have never gotten before courtesy of tinubu's policies of subsidy removal on PMS and fx.

Another one is coming through requirement of TCC for fx transactions.

Splashme:
They are gradually abandoning floating the Naira and going back to doing the same patch-patch that Emefiele was doing.

The useless govt officials abuse Emefiele in the day but turns round to copy-paste his policies at night.
.

Tell us the patch patch that they are doing.

horsepower102:
Source: Greatabia

The one that they commissioned, I no see light ooo. I dey live for Aba. Audio commissioning everywhere.

Artscollection:
It is better than looting the nation's treasury so focus on those looters

Both are economic saboteurs

Artscollection:
Open seme abeg

So that you will continue your smuggling.

SYSTEM222:
I was surprised when I found out it was sold for 1400 against 1580 as of yesterday. The dip is too sporadic and it's not normal.


Why the dip of 180naira in 24hrs?

If something can push it down so quick. Something can also push it up quickly as well.

We need a stabilized system here

Speculators are dumping their dollar. The informed ones have grapevine information about policy direction. The American outfit that predicted #1200 in the first half might be right.

I have never doubted the economic brains in this regime. From the president to the vice president, finance minister and CBN leadership.

Things went haywire because of the realignment of the economy that happened suddenly.

The lazy state governors will earn more without their efforts - increased crude sale, removal of subsidy on PMS and fx and demand for TCC for fx transactions.

Without sentiments, we are on track.

Wallade:
This will only embolden the black market operators and force more people to return to the black market.

The higher the demand for forex on black market, the higher the exchange rate for forex and ultimately the wider the gap will become between black market and official market rates.

Black market strives on cash and not on transfer. It's easy track transfers. The only transfers that can be done illegally are those that have fx outside Nigeria.

iichidodo:
[color=#1986BC] Another bureaucratic red-tape to frustrate Nigerians....[/color]

Tax is a civil obligation. If you ask for fx from government it means that you earned income. If you earned income you ought to pay tax.