₦airaland Forum

ivandragon:
It is happening for two major reasons.

1. It is being artificially forced down (which is not too bad) but

2. The funds are not circulating where it can make a real positive and productive impact on the economy.

Those forcing the dollar down are the same people using the naira. They simply swapped funds because they need naira now more than dollars.

I quite agree with your last sentence. They only swapped to currency of interest with the same intent. The obvious fact is that, no currency can gain a true strength out the market force... I.e consumer/commodity driven economy.

Artificial empowerment for any currency will brutally backfires where there's no sustainable production/industries that will take advantage of the fluke favourable economic condition.

Nigeria economy should be a major case study for new economic theories.

It is only in Nigeria that the local currency would be gaining strength but the commodities will be soaring in prices on daily basis.

I have never seen such a case anywhere in the whole world.

The Naira is becoming very strong against the dollar but very very weak against the commodities in the market.

I know of a business owner whose wife always steals from the shop and accuses the staffs of stealing. CCTV has caught her times without number yet she didn't stop.

Accountant always deduct whatever amount she stole as a shortage from the staff salary at the end of the month.

FreeStuffsNG:
Smh. Only ignorant people will take this OP serious.

The interview stated that the main reason is because government has been subsidising and it's unsustainable so they approved NERC's recommendation that electricity consumers who get electricity for 20 hours and above should be taken off subsidy so that government can still manage to cope giving subsidies to those enjoying less hours of electricity.

You guys better quit social media and go to great school so that Government will take you serious. That man , the Minister of Power, Adelabu, you are misquoting has a 1st Class in Accountancy from OAU, Ile Ife o.

It's not enough to hide on the social media to troll, insult and criminally cyberbully others, what do you have to offer and what are you doing to make your life and that of others better.

May God bless Nigeria for ever! Check my signature for free stuffs!

Thank you for clarifying the erroneous post... The government decided to remove subsidy from people who enjoys at least 20 hours electricity daily and keep paying subsidy for those who goes on without electricity supply for days, or even weeks...

I know you won't argue if I say that the only thing they have in stock for common man is torture... Everyone supporting this evil being unleashed on Nigerians will die suddenly alongside their immediate family.

Tetraozonaitera:
Many of the kids you are responding to type from their potopoto villages.
Those responding from the city are in Ibadan Lagos and Abeokuta.
Their situation is like that of those whites who think Africans live on trees because theyve not stepped out of their countries once. Not knowing Africans have cities that beat their so called civilized world.

Igbos behave like Ghana, Cameroon and South Africa. No matter how they envy Nigeria. We still be their Senior Man.

Igbos are Following the West in development any day any time. They can wail till eternity.
KO Kan Aiye.

The only thing that unites the Igbo is IPOB, a proscribed terrorist organisation. They can never trust eachother with anything on the surface of this earth. It is impossible for that region to have any significant development except there's a change of mentality.

kettykin:
Their regional bank, wema bank might not scale the recapitalization, regionally based companies are a no for me .


The south-west will learn things the hard way of care Is not taken

Can you remember how many recapitalisation regimes that Wema bank has survived over the years?
For your information, bank recapitalisation is not targeted at killing the banks but to make the banking industry stronger. The only thing that kills a bank is corruption.

Unfortunately for other regions of the country, south west is the only region in Nigeria that has a functional and vibrant business conglomerate of this magnitude.

This is a good news in a way if you can understand it. What the Electricity Regulatory Commission did was to stop the discos from charging customers excessively when the average hours of electricity they enjoy is less than 20hrs daily. Then increase the tariff for those who truly enjoy 20 hours of electricity to cover for the revenue loss from the downgraded customers.

Where it will have ripple effect is the production cost that will spread across the board

Slytiger:
Lol. Says Mr Chukwumerije from iboland

Did you mean names like:
Sopuruchukwu, Chukwundumeme
Iheukwumere Chimagozielam.

Every culture is unique in their own way, there's no need to throw needles jabs at each other.

In Nigeria, wisdom doesn't win an election money does!

They should be in custody before sending their names to the press. No serious country pampers the act of state terrorism.

Their names and their pictures behind the bars is what we want to see not nomenclature and enumeration of terrorism sponsors.

Just reply her that you are coming home to come and have a proper DNA test on the child.

No more war!

The father has every right to sell his own land in n this harsh economic realities.

A 75 years old man may be too weak to fend for himself and the child that is still agile to work and help the old man have a wrong mentally towards life.

The only option that left with the old man is to sell whatever property he legitimately owned to feed, so as not to starved to death.

The son needs no preacher anymore, he's facing the reality and the consequences of his unfortunate life.

danvon:
The father is 75 and might soon pass away, what is the essence of selling all the lands aside from impoverishing his son?

I suspect you can act in the same way....
How much is a parcel of land in that village?

Poverty mentality is deadly.

We all wait for the day your wife and your children will dyie in an accident caused by Fulani herdsmen. We want to see how you will be posing for pics and prostrating to greet all the sympathisers at the funeral of beloved family

Did anyone asked this mugu any question? He was so useless and so inconsequential that the most useless Nigeria president of all time didn't consider his useful for second term.

politicoNG:
The Cable index

This cable index is a useless index...

#1k in 2024 worth less than #150 in 2014.

. I won't say more than that.

With the transition and all of that, Nigeria refused to grow in everything. We remain a dwarf giant despite being in possession of everything that can make a country great.

In a saner climes......

These kinds of people will still be counting there days.

Ttalk:
This is how good criticism should be done.

It is quite disturbing to see the dimension of opposition criticism has taken in Nigeria, resulting in hate speech, blatant lies, and outright misleading comments.

Peter Obi and his Obidients can do better than they are presently doing, with his recent attack on the government for the UN donation of wheat purchased from Ukraine to support Nigeria, one can see the dangerous role Obi is playing and being cheered by his thoughtless followers.

Such statement should be frowned upon and it would be necessary if DSS invited him and cautioned him to limit his instigation, after all, Anambra where he ruled doesn't produce wheat to service his state in a federation where agriculture is on the concurrent list.

The government should be ready to stamp out corruption from our institutions and strengthen its policies. The former British commissioner is one point on this

Nobody attacks this administration the way APC , Lai Muhammed, Tinubu, Fashola, Atiku, Sahara Reporters etc and short sighted Nigerians attached the government of Goodluck Jonathan.

Isn't Jonathan vindicated today? Are we not worse as a country than under his administration? Things were relatively stable during the reign of Goodluck Jonathan, but can we say that as of now?

APC brought criticism that kills into our system... They should learn to deal with it now that they have grrraabbbed the power and ran away with itm

Guzape, Jahi, Wuye, Katampe etc are not meant for ordinary humans... A plot of land of about 5,000m² is sold for over 500m while a 5 bedroom duplex can be as cheap as #1.5B.....

Nobody should come and talk about Asokoro, Asokoro Extension, Maitama main, Wuse 2, Zone 6... Rent per annum will make you have a good rethink about your destiny.

blazer2018:
Thanks a lot for your input. Will do again

https://www.ccfmed.com/blog/parasites#:~:text=Gastrointestinal%20distress%20%E2%80%94%20since%20parasites%20take,can%20lead%20to%20weight%20loss.

Read through this page maybe you can gather some useful information that may give your search a meaningful dimension. I am looking for a blog that I read online a while ago. If I could see it, i will copy you the link. It suggested some helpful remedies/treatment.

Restrictions Ghana is most likely to face for passing anti-LGBTQ bill

▪️Biden & US is gonna declare Ghana as “unsafe for all humans”
▪️US is gonna cut immediate aid & investment
▪️travel restrictions imposed on all Ghanaian officials, politicians & civil servants
▪️suspension of loans & grants
▪️Ghana is gonna be coerced to abandon its values using money
▪️Tourists will be advised not to visit
▪️Foreign investors will take their businesses away
▪️Multinational companies won’t set up offices here again
▪️The economy will suffer

Unless we’ve got some solid resources to rely on, I don’t see how Ghana can withstand the heat! Sam George’s fight might just be fruitless!

Copied from X

blazer2018:
Hi guys, please I really need your help.

I have a twelve years old son who is very lanky, he looks d*mn too malnourished for comfort. He was very robust from birth till around the age of 8, when all of a sudden he started depreciating, initially, we thought it was a normal thing, as he was growing taller too, but now, I can't even bring myself to post his pictures on my status. He looks just like 7up's Fido Dido.

Now, this is a boy who eats whatever he wants, he's well fed, and lacks nothing. But with his looks, you will doubt that he's even fed at all. Although he looks far from being healthy, but he rarely falls sick. He's so skiny that whoever sees him, asks us what's wrong with him. Another thing, he always leaves his mouth opened, something that has now affected his teeth. We tried every tricks in the book to stop this, but to no avail, he can hardly keep his lips shut for more than 30 seconds.

Now, he's is a very hyperactive boy and finds it difficult concentrating atimes, but he's well above average in school.

Kindly help with solutions to this problem, it brings tears to my eyes as we have done everything we can think of to reverse this. Recently, a doctor suggested we place him on egg regimen, he now eats 3 eggs daily, but there seems to be no changes whatsoever.
Recommended medications, specialist or hospital we can take him to, preferably in the South West would be highly appreciated.

He's my only child, please help a desperate father!!!🥺

There may be influx of parasite in his system.... Check online for the kind parasite that may have such negative effects on human.

It may also be hormonal issue or some kinds of allergy..... Get w doctor that can study him over a period time. Have close watch on him and document his daily activities over a period of time maybe you will notice a n unusual pattern of behaviour or reactions.

I understand your pains. God will intervene.

For seven years I was carrying my son from one place to the othe but thank God today, he's a delight.

Lanre1st:
Q

We are gradually moving into the raining season..... Everyone of you taking advantage of helpless Nigerians because of the inflation rate will soon regret it.

Nairaland is filled with loads of unintelligent sapiens.... Isn't it funny that, people are just commenting rubbish without reading a single line from the material posted.

Shame on you guys....

Morbeta11:
https://saharareporters.com/2024/02/28/crisis-brews-between-kogi-governor-ododo-predecssor-yahaya-bello-over-sacking-loyalist

Whoever that caption this news as a fight between Bello and Ododo is a wicked and devilish individual. What concerns Yahaya Bello in all of these rice issues?

One yeye dey smell human being was asking that is currency racketeering a crime? Ode oshi...! Make your fada go join them and see. Useless economic saboteurs.

The black hole act like the vacuum cleaner of the space. One of the advantage of this hellish hole is that, it has the capacity to trap any foreign body that may want to collide with the universe or any other members of the solar system which may unbalance the movement of the solar system. Thank God it is located away from us at such a great and unimaginable distance.

See politics!
If anyone can read in-between the lines, he will discover that this corruption is working for some people and they will never encourage anyone to mess up their chances with one nonsense protest.

Using Nnamdi Kanu as the reason for non participating in a national protest is against every reasonable logic. No one is supporting a violent protest but using Nnamdi Kanu's continuous detention as the basis to form economic committee for APC government is a sabotage against every Igbo people home and abroad.

I hope Ndi Igbo can define their stand and know where to pitch their tent is this time of tribulations.

Why would Ohaneze Ndi Igbo would choose to abandon Nnamdi Kanu to his chains and working hand in hand with their oppressors

Adasun:
where thiago alcantara and daniel sturidge

Ask them once again.

Oxlade Chamberlain is another good that got his prospects defrauded by incessant injury.

Even MD. World Bank, Ministry of Power, Federal Internal Revenue, Aso Villa , State Houses and more are also on the list.owing. How do you expect effective service from them?

Can these people have the right word to sanction distribution companies or call them to order for inefficiencies. There's no other way to sabotage the economy and destroy social infrastructure when bills are not being paid as at when due.

I want to suggest seeking redres in the court of law, but who knows whether the court of law is also amongst the chief debtors.


Ugly shame on these sets of incompetent, morally bankrupt people that occupy the seat of power in Nigeria.