₦airaland Forum

DeepSight:
Look, I don't care about this. To the extent that it is an offense local police stations can attend to it. When EFCC was established, the idea was to fight corruption in Nigeria. You don't do that by going after those spraying money and teenage Yahoo boys.

You do that by facing squarely the big shots in this country both past and present. We all know them. Anything less is BS.

The functions of the EFCC include: The investigation of all financial crimes including advance fee fraud, money laundering, counterfeiting, illegal fund transfers, futures market fraud, contract scam etc.; The coordination and enforcement of all economic and financial crimes laws.
Stop thinking going after Yahoo boys is not part of their job

immortalcrown:
APC online thugs, over to you.

Any Nigerian that wishes for Naira to be 5000 per Dollar is evil, likewise any Nigerian that praises APC when Naira is not below 260 per Dollar.

APC can't bring the naira to where u want it to be, the country is floating the naira now so market forces will determine how the naira should be.
Infact, it doesn't make sense to look at exchange rate anymore cos we now float the naira

JASONjnr:
Show me one comment where people criticise EFCC for arresting people mutilating the naira note?

When it comes to being wrong and against the law, Nobody kicks against it.

So you were not informed when people we're criticizing EFCC when they sent Bobrisky to jail? others are saying they are trying to nail him ever since and used naira mutilation as excuse.
E be like say u just enter the country from Yankee, afa where the bread weh u come with, e don finish?

If EFCC come for this one na, u go deh hear yeye comment like "are they the only ones doing it?, "EFCC should face their work" bla bla

Wow, that baby is so beautiful.
I was born in a generation where if u put on short skirt u are a prostitute, women dont wear trousers and bumshot is not even something to wear, today people don't even wear bumshot again, they wear semi pant and cover it with cloth and walk around street.

So those of you insulting the mother, relax cos that nose ring will soon be a trend and ur wife may probably wear it. Few years ago, only ashawo put on nose rings, ankle chains and a dress that shows nipple, but now almost everyone going braless, people even enter churches with bumshot.

Now even guys are putting on earrings, fashion is dynamic.
Btw, the money has no right to Pierce the baby's nose

Godfullsam:
They should put pressures on that NNPCL boss and the petroleum minister to get our local refineries working as soon as possible to complement and compete with dangote fuel .

We have to stop importing petroleum products before the naira can really recover.

Government should also intensify efforts to increase our crude exports and block every loope hole that encourage oil theft so that we can have more dollars inflows.

I am from the south south region, oil theft is very difficult to stop, even army and Navy are involved in it, so who wants to stop it.
They should just bring helicopter and move around creeks while bombing these illegal refineries.

So in a nutshell, if we don't boost oil production, the naira will go back to 1800 per dollar by next year?

Obainoman6:
Mix kill and dry rat poison with water, draw up in a syringe and inject it into your blood.
Then quickly knock yourself out with sleeping pills overdose and you will definitely die in your sleep.

kill and dry is painful, he may not be able to sleep.
OP, just meet one cultist, make him blow ur head with gun, instant death

Life isn't fair to all, most of us seem lost and all we need is direction to a place we want.

OP I think you should make a 10,20 or 30years plan, tell yourself what u wish to achieve at the end of the plan, analyze ur present condition and see where you are, divide ur big plan into small achievable goals
Take a pen and write down what u can do right now that will get you at least an inch away from where u are and an inch closer to ur goal, achieve that one then move over to the next plan, do this till u achieve ur dream.
If u do this, u will wake up everyday looking forward to a new day

Beebah321:
Person way wan commit suicide no dey talk am

slimjohn2k5:
Sell all vital organ, and provide your family members account number.
They will pray and u will never get to hell fire.

most depressed people tries to fake a smile to hide their sadness, he may be serious and you should have encouraged him to not give up yet instead of this comment.

Well OP, I heard generator fumes does the trick, if u on generator and face the fume to ur window, before day go break, u don die, it's painless

alsudan:
Lol

Thiefnibuu say before 31 December
2023.

Mele Kyari say before March 2024.

Ng Senate don say na before December 2024.

Next Year reps go say na before December 2025

Then in 2026, APC go say give us second tenure and we go complete all the refineries

Then Awa lokan lunatics go say we must continue teaching some people political lessons.

Person way do Nigeria this thing no try.

No Light, no water, no fuel in the year 2024.

There is fuel and water Sha.
E surplus for Nigeria, as for electricity.

yinkabeauty:
You are a liar, when did I say you are unintelligent!?
You should speak for yourself and not by jumping into other people's mention and claim is against you...cos you don't know the genesis...

If you can't differentiate between a white woman and a black woman who is light in complexion, then you should query your sense of vision..... because I don't expect a normal human being whose brain 🧠 sends information to the sense organs through nerves will have such judgement and that's a serious concern not an insult.

I even thought the person I mentioned responded in the other post but it was you jumping like lizard 🦎 to where you were not insulted......

If that's how you behave then you better watch yourself, your back and your head because some people won't accept such intrusive lifestyle.

make I just avoid u, carry ur frustration deh Waka go.
Every line in this ur very comment was carefully draft to trigger me, but alas since u didn't see it as insult, no need engaging you.
Have a nice weekend.

PointZerom:
A fraud that even you cannot tell the primary and secondary schools he attended cannot transform your economy. We told you this during Buhari. You left people like Osibanjo and went for a fraud.

Screenshot this because after eight years you'll know better.

Is ur problem Tinubu or the policies he makes, if your problem is that u unconditionally hate Tinubu then no need explaining to you, but if it's about the policies, then people can explain

yinkabeauty:
You dey talk yeye because your instruction came with insult, you are a hypocrite, you can call for maturity without being insultive, practise what you preach...
The person that gave birth to you should have given you such home training, rather than pouring out your frustration hypocritically so here on nairaland.

so explaining something and saying we are unintelligent and asking us to query our sense of vision is not insulting enough abi?

If that is how u normally discuss, then you better watch ur tongue, cos not everyone will accept that kind of discussion

lomprico:
It's not impossible! So you think it's china phone production that made them the economic power they are today? Lol.
Mexico's crisis was as a result of devaluing of the peso which affected most companies thus crashing the economy, yes they floated their peso but it only made things worse. They recovered by bailout fro USA.

The Chinese economy was not this strong, they were strong thanks to the market, that country has population the size of Africa.
Nigeria is still strong thanks to it's market, if we divide, you will know that the country is not stronger than Ghana.
With the level Nigeria is now, you can't put everything in place before you float the naira

Whalis:
Whatever you have written may not make sense to a cobbler. My question is what was Naira status all through Obasanjo, Yaradua and Jonathan? Was it floating or pegged? Whatever it was let's maintain as it was with Obasanjo, Yaradua and Jonathan. You don't change what works for you. USA doesn't have an unstable economy. You can bank it it and whatever affects their economy will affect economies elsewhere pegged or floating.

well that is true, we can always maintain what they did but we will never grow to our potential, we will never be true Giants.
The USA may be stable but China is coming and there are some likelyhood of wars in the future, if it affects the US economy, believe me you will wish we floated the naira

lomprico:
Before you float your currency certain things have to be in place first like a stable and growing economy.

We like putting the cart before the horse in this country.

actually that is impossible if we pegged the naira.
Before Mexico floated her currency in 1993, it foreign reserves got depleted, it doesn't have a stable economy.
Who even knows China before now, it was around 2007 that they started producing their China phones

There are few cons

[1] free floating rates will make sense only if a nation has a sufficient internal mechanism to keep control over economic health and react accordingly. It will never work if central banks misuse their monetary policy.

It usually happens in countries with soaring corruption, when a group of influential leaders misuses the monetary [policy in favor of their personal gains. This is when it is better to peg one nation’s currency to a stronger asset.

[2] secondly With a pegged rate, you always know what to expect. Businesses can plan their import and export costs. A free floating exchange rate comes with increased volatility. Besides, the currency value can change every minute, it can go from 0 to 100 in a month, we saw that in the last two months when it went from 1800 to 980.

Now that you have known some difference, let's see the pros and cons of this policy.

The Pros
1One thing is that the economy can never receive shock again that it received in the past few years, the market will now determine the price of naira and not any country, we were operating a system called "USA sneeze, Nigeria catch cold"
2Secondly, the economy is about to be one of the world leading economies.
3Thirdly Nigeria has more room for growth than any other country I know of. No joke, nothing is working in this country, the only sectors that are working are monopolized, the oil, the cement, the automobiles etc and investors will seize the opportunity, in simple economics i'd rather invest in USA than Nigeria if the USD determine the value of Naira so I don't lose my investment if USA goes to war, but that is no more the case. Imagine someone that is investing in mining that is largely untapped or electricity that is untapped, Nigeria is the new goldmine in town
4 Lastly pressure on CBN is reduced as they don't have to keep the naira fixed, these pros are not limited but I am tired

Now let's go to the cons.

Though alot of people are angry with Tinubu policy while others are happy with it. But how many of us have an idea what pegging and floating of currency means.
Before I start let us look at countries that pegged their currencies and those that have floating currency.

Pegged currencies
1.Barhain
2. Cuba
3. Belize
4. UAE
etc

free floating currency
USA
China
Australia
Canada
Etc.

Looking at these, you will know that the free floating currencies are big economies while the others are third world countries.

Now most people are not happy with the naira to dollar exchange rate and wants the naira to go back to how it was before Tinubu came, but that is impossible in a free floating economy, because the CBN cannot fix the price anymore, infact, it makes no sense to look at the #/$ exchange rate anymore because our currency is no more fixed to the dollar but the market, in such a case, if the US economy gets a shock, it won't affect Nigeria anymore.
Recently the US economy got a shock and inflation came, economies like Nigeria and Argentina that pegged their Naira and pesos to the USD got into hyper inflation and went into recession while the Chinese Yuan was growing stronger, it was a global inflation but Sweden, Japan and Chinese didn't feel it. That means if USA by some chance goes to recession, then Nigeria is doomed.
China as a country had a fixed currency until 2005 when they partially floated their currency, 5years later, the Chinese currency was a household name in every African country and today they are among strongest economies.

yinkabeauty:
I even passed my comments without directly attacking this non-entity and he is here running his mouth..
When I made a general comment against those who don't know the meaning of education , you now carry it on your dirty head.....

If you are wise , you should have reaffirmed your point whether you support education or not, because your comment was not from a deep thinking, once again always think deeply before you comment.

You are spitting thrash and talking maturity,....
You are the one that should stop being a public nuisance with this your polluting comments that is typical of a fraudster and those who want short cut to success..ole!

Nonsense talk! Senseless insinuation!
"what is education"?

All these yeye talk because I asked you to be mature?
Abeg I am not the person that gave birth to u, stop pouring ur frustration on me

Ok o.
Subsidy or not, many Nigerians will still be poor

Let's stop defending what is obvious abeg.

Both himself and Tinubu used religion as a weapon in the past election.
How many times did this guy attend mosque when he was a governor? The sudden love for Muslims is nothing but a mockery. someone that was even fighting another church

yinkabeauty:
Only fools with underrate education and a lot of them don't know what education is.

Nonsense! Do academic people necessarily compete to become the wealthiest people in the world ? No!
But at least they are fulfilled with what they've got, not poor but well informed, they are useful in impacting knowledge and in consultation.

And also, those presidents, members of the national assemblies, commissioners, ambassadors, officers in oil companies, bankers e.t.c are they not educated, are they not rich? If they are not educated, they can't attain those positions, so always think deeply before you comment.....

And don't say "what is education" ? Only fools will say that.

If you use half the energy u use in attacking comments to work on ur attitude, probably u will not be a public nuisance.
Learn how to argue in a matured way.

yinkabeauty:
Are you joking!?
So when a black person is light-skinned or getting skin toned, then it has become white!? so when a white man or woman is standing by a light - skin black , you can't differentiate, then you should query your sense of vision.
We have a lot of light skin people here in Nigeria
(Nigerian indegenes) that are even lighter than Rihanna you can see in that picture, are those people white too!? Common! Stop joking!

Glimpsetv
Babaibeji2020
99thenemy




Rihanna is black, there is no story and don't let this Wainey put unnecessary story in your mouth.

Rihanna was chocolate, not white like this.

Remembered the time of 2go, I created a female account and entered lesbians dating room to find babes.
I didn't see a single lady, everyone of them were guys with with female account.

Then I decided to use my main account and entered gay room if I'll find females there, I didn't see any female, I saw real gays in the room lolz.

being:
This is Nigeria where u shouldn't take all the govt says hook, line and sinker.. for instance d govt recently said there has been no subsidy AT ALL for the past 1 yr which from simple arithmetic ratios u can conclude is a black lie.
CBN has been supplying dollars through BDCs and much more through the banks! It would be naive for u to think the only cause for a N750 fall in d usd in 1 month is only banning binance or releasing paltry $60M/wk to BDCs

if you understand the economics with exchange rate, you will know that the govt has float the naira.
If they are defending the naira, it would have been around 1$ to N300 and the dollar will be fixed just like it was during past administrations

mrvitalis:
You schooled who? Lmao abeg don't have time for agbado people abeg

first, I am not agbado people, I don't even come from the West.
I would have schooled you again on my ethnicity?
But I'll pass, I've schooled you enough, I don't want ur brain to be saturated with too much knowledge in a day

Eiya, e get anyway weh person no go hear bad news?

The dollar sef weh we deh use console ourselves no gree come down again

mrvitalis:
We are talking about Nigeria... That's first and our reserve is 99% dollars

Second government can't spent reserve, they don't they spend naira which they can convert to dollars



Again who taught u economics

our reserve is not 99% dollars, u brought that statistics from nowhere, and I am not ready to school you on that. u should be grateful I have schooled you that our reserve is not in USD secondly govt spend dollar in times of crisis like when local currency is devalued and paying/servicing of debt. They don't change it to naira.

Now I thought I have already explained to u that u can't understand who taught me economics? Stop asking

successmatters:
Fulani are minority in every state, just less than 1.5 million people in Nigeria. The population of the smallest local government in Oyo state is bigger than all the whole Fulani people.

that's not true but I no wan argue

labake1:
You will say that you are looking for a man that don't smoke, drink and womanized. I was told that it is hard to get all in one person.
If he doesn't smoke, he will be a drunkard.
If he doesn't drinks, he will be into hard drugs.
If he doesn't drinks and smoke, he will be a womanizer.
If he doesn't drinks, smoke and womanized, he will be into gambling.

I fit in all of them, wetin remain na the car and the house.
As for six pack, I get only two