₦airaland Forum

KingKO22:
We no go rest again bcs of this Aba electricity 😁😀😀🤣😂

There is no light in Aba ooo. People have been calling me from even outside the country congratulating me concerning the 24 hours constant like in Aba. I asked them for where? The highest that we can get if they are gracious is 2 hours per day. This geometric is geopropaganda.

FYI I live in world bank estate Aba. My office is on Aba/Owerri Road.

politicoNG:
AfricaFactsZone

Aba ke....where in Aba.

Have a good borehole. Use filter to filter your water. You have a drinkable water better than the pure disease. Use a good water bottle. This is already done in my house before now because I discovered that our pure water is pure disease.

Brendaniel:
If true, Tinubu and his financial advisers are only fighting the symptoms and not the root cause....

Wherever we start let's start the end justifies the means.

Massiveglory:
I hope this fire brigade approach will not land naira to 3000 to a dollar.
Is this the way to attract investors?
This fire brigade approach could give you tempoary reliefs but greater problems.

I should think this approach and strength should be tailored more into shifting Nigeria from a consuming nation to a producing nation and strengthening institutions to curb corruption to bearest minimum begining from the top.

If you leave root of the problem in the nation and begin to cut off the branch with all your strength, it is more of us a basket to fetch water.

Attracting investors means attracting channels of illicit money like binance?

advanceDNA:
Government keep using this low crude oil production line....

I don't get ...
Is crude oil drying up...
companies mining oil refuse to mine?.
International market ban us from mining...??

You don't just have reserves and claim that you have wealth. The reserves must be exploited in order to convert them to wealth. This will require massive investment either as joint venture with IOCs or putting forward the most attractive policies that will attract investment.

Have our leaders been doing this for years? The answer is no. This is part of your economic woes and fx shortage. So much mess on the table of the present leader.

kettykin:
some folks are just plain errors and blunders , so who exactly is his fault , Emefiele left the rates at below N750 to a dollar and today we have the rates at above N1500 to a dollar and someone who is now a round peg in a square hole is saying it is not his fault.


Can someone see how some people are brazenly dodging responsibility and looking for a scapegoat. someone should tell this fellow that the exchange rate was below N200 to a dollar while Emefiele was CBN governor before APC to into office.


This is now the new format of saying , i cant solve the problem .

Imagine the US chairman of the Federal Reserve Bank coming out in the press to say this, APC Government is the most irresponsible Goverment every

You are funny. Do you think that it's difficult for Cardoso to wake up tomorrow and say that the exchange rate is $1 = #700. Will the fundamentals support this. The former governor had an artificial and subsidized exchange rate. He had heaps of ways and means that are unpaid. The naira he released were chasing few dollars yet he pegged the rate of exchange. The impact of this is what another group has come to clear yet you call the person that was the problem a star because he gave you unrealistic exchange rate.

Ogiame:
But you were everywhere blaming Godwin Emefiele when he was governor of the CBN....


You're a FAILURE, just like the way you call Emefiele.

Emefiele was part of the problem Yemi is only part of the solution.

CodeTemplar:
irrespective of how well the suggesting person can perform, import substitution is the logical way out and never these fire brigade, indices-chasing moves.
Import substitution simply means taking something you would normally import and thus need forex for, and speed up its production locally so you no longer have to import it.
It ensures you employ local hands. Utilize local potentials and materials, then brings about a stronger local currency when you export excess.

For a start, we spend more than 60% of our income on feeding so agriculture is not a brainer.

And this should be the policy pursuit now? A policy that its yield cannot be less than five years. We had it before during the days of oil boom. Where are the results?

CodeTemplar:
The govt is trying to hang it around N1500/$ mark. Selling slightly below and pushing for it to be resold at just above that is their strategy for now.
We need some drastic import substitution and not these cosmetic shenanigans.

Sometimes I wonder how some of us (if given the the chance) will perform the miracle that we expect others to perform. Import substitution? Can you enunciate the policy and achieve the results in even two years?

abc115:
The Vice President Kashim Shettima has arrived in Aba, Abia State for the commissioning of the 181MW Geometric Power plant as part of the events launching the Light Up Nigeria South East Initiative.

What did they commission. I live in Aba. I have not seen light ooo. Maybe they commissioned darkness.

nlfpmod:
By Ugodre

I dey Aba ooo. I dey live for world bank estate. I no see light ooo. Wetin they commission self? Darkness or what?

Kaycee9242:
Trial and error government

I don't think that you understood what the CBN is saying. The new rules helps the importer to plan his cost and the customs to plan their budget. The old rules which are volatile has been in operation for long.

Let's praise these men. This is the toughest job in Nigeria right now. They are managing the damage of so many years.

Immatex:
The guidelines simply aims to drive Northerners out of their own tuff. This regulation by CBN is laughable. Such high handedness will continue to encourage illegal BDCs. This is just using grammar to ask BDCs as we know it to stop operating. Even in developed economics, changes are introduced in stages not to lump everything together and make it cumbersome for business people. This adminstration is desperate to prove they are working but their actions are that of a paranoid and power drug authocrat.
This policy has no human face, is targeted at provoking legitimate businesses to close shop and might still achieve little or nothing

The proposed CBN rule is the way to go. At the inception of this BDC idea they were barred from many things: no fx transfer, maximum fx transaction, quality of staff, no offshore account, no inflow into their dom accounts, lodgements can only be cash and tcs etc.

Today they have unofficially taken over the functions of banks in fx transactions.

Ibegtodiffer:
Everyone is aware that TUC is a sell-out.

Read very well the matured statement of TUC leader. They have been slighted four times by Ajaero. You can't compare leader of well trained workers and leader of jankara workers. Their thinking and approach differ.

betshopagent:
More like asking "if you're a passenger how would know a bad driver? ". Ans: Even if you can't drive, you would know a bad driver when he starts sliding of the road and heading towards a hole or bush or when he applies gear to move forward and suddenly the car starts taking you backwards the way APC is taking us now. So I don't have to be qualified to know whom is good or not.

You must know what is required to be qualified in other to determine whether someone is qualified or not. You wouldn't know what is required unless you are qualified yourself. Can you teach what you were not taught?

@betshopagent
I am not qualified but that doesn't mean people whom are not suitable should have the job. My own is that they should shun political members and go to professionals in each of their giving field.

@me
If you are not qualified how would you know who is qualified or not.

@ogbonti… because Tinubu is busy printing trillions of naira and changing it to dollars for him and his cronies to steal - that is why the dollar is rising

a forger is at the helm of affairs and we wonder why our money is falling when the forger is busy forging trillions daily and stealing it by converting it to dollars

I have said this up to 100 times here - no policy will work because his turn to loot is not to repair.

@me
This government has not been raising money through ways and means. The present CBN governor said that it will not happen until the old ones are paid.

This is one of the evils of emefeli's days as CBN governor. This is partly the reason for high inflation and exchange rate. Say what you know and stop spreading falsehood.

@betshopagent
Manage Manage na him dey choke us more. At this point we don't need management. Technocrats are what we need not politicians parading their illegally gotten certificates.


@me
Hence you know the right qualifications and you have them, why not apply?

@betshopagent
this is owned by bart nnaji. So it's a private owned company. Don't hail tinnubu yet. Inviting him is more like saying "this is what you should be doing"


@me
You did not read where they acknowledged federal government's assistance of late.

@raphemmanuel
what do you think drives the price of dollar high?

@me
Demand and supply factor
Speculators
Arbitrage activities
Rumour
Massive illicit naira in circulation - they convert to dollar because it's portable. They care less about how high the rate is because the source is not a productive venture.

@raphemmanuel
At the Bolded.
The reason why it is so, is because you can easily access this currency at the bank without denial.


Know this!!!
The problem of this country is from the head.

@me
This has to do with transfers and not cash. This was how it was done before IBB's regime. BDCs are licensed for cash transactions and limited amount. Everything has been abused.

@AqualinaXYZ
Make US get out





They contributed to this senile frog in Aso Rock to rule us




If they had released this fuuls Chicago results and drug credentials as when due we for know what next to do




They mounted this old cargo for us as their puppet




Invest in agriculture invest in agriculture as if Fulani herders go allow people go farm without killing them or using their cows to destroy their farm lands.


@me
Keep complaining and condemning while the train keep moving. You want subsidized life. Sorry no more petrodollar.

@raphemmanuel
Pesin wey ein house dey burn dey pursue rat.
Very clue-less government, has nothing to offer. Always looking for whom to blame for their inability to take their responsibility. This time around is not abokifx, na Bureau De Change the kill Nigeria economy.

Tufiakwa!!!
What a bad time to a Nigerian.

@me
You will not understand. When naira was strong there was no BDC. Possession of dollar was illegal. There is no country in the world were foreign currency is openly hawked on the street.

You can't be openly trading cash pounds sterling on the street of New York.

@fredsamuel1
I wonder the kind of brain that God created this type of idiots with, imagine these fools when they were young were called the leaders of tomorrow. We are cursed in this forsaken country.

@me
You and your gang are cursed. I'm a Nigerian. I'm not cursed.

@EbolaTinubu
Nigeria is cursed with bad leadership.
If you expect anything good from this set of criminals, then you are a fool.

@me
Why are you living in a cursed country? It means that you are cursed.

Why are you interested in the affairs of a cursed country? It means that you like curse therefore you are cursed.

Why are you making money in a cursed country? It means that you like cursed money. Therefore it means that every money that you touch is cursed.

@gaby
Na Gun Tinubu and Okoso Cardoso wan take halt the Naira wey dem float?

Wonders shall never end.

Economic Talibans.

Una must rule by fire by force.

Na una turn, indeed.

Shoot at sight any Dollar you see....lol


@me
You will not understand. In the 80s up to early 90s when the value of naira was higher than dollar one common denominator was that it was illegal to be seen with dollar. The malams on broad street were doing it illegally. They were constantly raided. There was no BDC. All fx transactions were done through the bank. Things as little as purchase of books were done through the banks.

Can't we return to this regime and stop this madness called speculation?

@Penguin2
Old buffoon!

No wonder he’s not rated anywhere and by anyone.

A very foolish idiot.

If Gowon talks, nobody is moved.

But let Obasanjo, IBB or Theophilus Danjuma sneeze now, and you will see Nigeria catching cold.

I know Tinubu is already feeling the heat and the impending hurricane. That’s why he’s clutching on straws that won’t save him.

I’m surprised he and his gang of criminals didn’t know that Nigeria is too big for them to mess with.

They thought if they could get Mahmoud to rig them in and buy up Supreme Court judges, then that would be it.

You fools will learn!

Ndi ala!


@me
Who is IBB please? Is he a Ghanaian?

@dragon2
Basic Economics, Demand, Supply Curve .


@me
If you supply more speculators with illicit naira will buy more. There is so much naira in circulation that came through ways and means by the last regime.

The solution is to cut off their illegal sources of dollars which should have been channeled to productive use.

Let all fx transactions be through banks. Ban BDC.

@cutecommend
One needs to be careful.

Our great, powerful and beautiful RCCG should review the way pastors anoint members or lay hands on them. Members can come with their own anointing oil, receive prayers and anoint themselves. Trusted and matured pastors with good testimonies may be given more leverage to anoint and pray. But young and new pastors should do it very sparingly.
If you go to MFM, Dunamis, members bring their own anointing oil, receive prayers and anoint themselves. That does not mean there may not be occasions of one or more pastors doing anointing with oil.
Some pastors may or do not have clean spirit, and them laying hands or anointing innocent members may not do good.

@me
If you do not trust your pastor to lay hand on you and anoint then he shouldn't be your pastor.

@vanbonattel
#1590 to one $ is calming the markets?

When I said these people will rule with only propaganda, people thought I was joking. By next week they will tell you rice was sold at 80k only, a drop from 81k they sold it on January 31, and they will organise media events praise themselves for taking rice up 100%, and dropping it 2% later.


@me
You might not understand. The official devaluation was deliberately done to close the gap with the parallel market. Right now there's no attraction going to the parallel market. When majority of the transactions are done with the authorised dealers the CBN policies can work.

@Rutherford2019
Hypocrisy
He should not step his foot in SE and SS
So Nigeria didn't need prayer during Jonathan government.


@me
Too late for you. He was in PH for the southeast and southsouth in January. The theme was promoted for a reason. Oya do your worst.