₦airaland Forum

mrvitalis:
😂😂😂 who taught u economics

Part of the reserve that are saved money is less than 2% in Nigerians case

Reserves are just dollar earnings sold to CBN for naira

From which CBN can pay for foreign goods u buy in naira

It's not money, you can't use it, it's not saved cash, you have already spent it

To activate the foreign reserve you need to pay CBN naira

u are asking me who taught me economics, let me overlook that for now.
Firstly, foreign reserves are not just dollars, they are "assets and money" in foreign currency is like the Chinese Yuan, American dollar, south Africa rand's etc.
Secondly, when I say money, I didn't say liquid cash, you need to understand basic economics to know that money and cash are different things.

So now, let's come back to the topic on who taught me economics... I don't think I can explain it to ur level of understanding, u need to have at least SS2 knowledge of economics before I can explain to u.

Khyrvxjzy:
he will tell you that you must vote obi, thats the only solution to a great Nigeria

if it's not just a zombie followership that Obi gathers, truth be told, Obi doesn't have what it takes to preside over the affairs of this country.
The money that was donated for his campaign under LP was wiped out under his watch, a party that excos are not up to one faculty. And he wants to be president of 200m persons.
He should go and show his leadership in LP crisis first.
That man will be a failure worse than Buhari if we mistakenly give him presidency.

being:
For how long will the CBN keep draining the reserves at the rate of $2bn/month? This is despite also preventing the IOCs' 50% remittances...when we all know the long lasting solution is increasing crude production, FDI for local production. We are now importing maize cos local production is no more there... tha'ts more fx demand. Anyways, let's all watch the game the CBN is playing as it unfolds..

CBN said they are not using the reserve. This is determined by the market.

Biodun556:
N

OP, do u update the thread daily?

mrvitalis:
This one thinks reserve is money saved lmao

Actually foreign reserve is money saved in foreign currency is which the govt can use in terms of crisis, and buying of foreign assets. But since nigeria biggest imports will not be there again, the reserve is most likely to go up in the coming months.

Also the reserve was depleted cos the country has to service it's debts, you don't expect us to pay debt in our local currency

SpatialKing:
Counties are not fun by WISHES
Transformation don't happen by wishes

So what should I do if I don't wish?
Should I contest as a president and take the economy from him.
Cos the next thing u might say is I shouldn't wish, I should take action.

I sincerely wish Tinubu succeeds in putting smiles on the face of average Nigerian. God should strengthen and keep and alive.
Nigeria needs a turnaround

Cindypresh:
Let us see how much he budgeted for it ... tinupoo na scammer.

You go hear like #40bn budget for counting students and agbado meezcrants will defend it oo

In Census, there is training of staffs, during the training period, the trainees and trainers are paid, those that are trained will have to train others, sometimes these trainers and trainees take home 100k per person, last census I was paid 140k for a 14 days training and I was supposed to train others before the census was cancelled. Gadgets for the census are bought and logistics is also cared for.
Technicians are employed, data is bought for the people too. The money will run into billions.

mrLj:
Whats paddy abeg

rice requires milling, just like cassava requires some processing.

The unmilled rice is called paddy

Ok

MuslimIgbo:
How e take dey pain you?
Pained Enemy of progress
I'm a lecturer there and most the students there are very bright and not different from students at other regular higher institutions

You are a lecturer? With this ur attitude on NL?

No issue, my own be say, make Wike allow Rivers State to rest.

You guys are jobless

I created this thread cos I saw a thread that says ladies shouldn't tell their real age early in a relationship.
And I felt it's not about the lady's age but the guy's age. Though his preference is someone younger.
Truth is most NL are in their teens to late 20's, I came to that conclusion cos of the comments I see here, that redpill was taken to a whole new level that is not in tandem with reality and most of these people have little to no experience when it comes to real life romance.
The OP is probably in his 20's too and prefer someone his age.
Now let's get to why I feel you should tell your age early

1. To avoid breakfast Someone that prefers younger girls will still want a younger lady, the earlier you tell him as a lady, the better for you, cos u might get too attached in the relationship when he finds out and trust me, breakfast hurts when you have gotten too attached. Ahh, this made me remembered mine. omoh, that thing deh break spirit.

2. trust what's the essence of lying about your age when he will still find out and stop trusting you, one thing that strengthens a relationship is trust, it takes alot of time to build and takes a second to break, well I am still building one, the babe no wan trust me even when I told her I am different from the ones she met, I am going through difficulties telling her I am genuine.

3. Peace of mind when he finds out, his behaviors towards you might change, he will come home late, you will be disgusting and irritating to him, You want peace abi, then don't lie, Nigeria already has enough problem to keep you awake, if you want to have heart attack go and check our foreign reserve, dollar rate or price of goods, one of these is enough to give u the jibiti that u want

4. You don't have to put too much energy to remember a truth no joke, it's easier to remember a truth than remember a lie, have you seen people lie effortlessly? Well those people are talented and you probably are not

5. Your man will come to you at no cost There are men looking for ur age, men who don't want a 21yr old lady, some men needs someone that is very mature in age, what's the essence of lying and getting hrtbreak when you can say the truth and find a man that loves you for who you are?

Good news but I am still not impressed, a bag was rice was somewhere around 18k few years ago.

It should keep crashing abeg, at least let it get to 25-30k even if it doesn't go back to 18k and let the dollar go to N500 at least.

I hope I am not asking for much

MuslimIgbo:
Oga mumu
Who told you Africans are black?
Maybe you're black but in my entire life, I have never seen a black or white person before

ok, pls I am not ur father that cause ur misfortune, u can go and argue with ur miserable father.

MuslimIgbo:
You people are the problem of this world?
How is Rihanna White?
The white we know is the colour of snow or salt, is that how you're seeing Rihanna?
Same you people will accept that you're black, when you're obviously brown.

Oga Mr Professor.
Things aren't the way u feel it should be, we aafricans are called black, the Americans and Europe are called white.
Whether it's orange, Yello or brown doesn't matter, universal acceptance is the real deal and not ur personal sentiment

Wait? How come Rihanna is white?
Wasn't she supposed to be black?

Thisis2raw:
just because he is having issues with his predecessor.
Wike still dey pepper Obidients hahah

it's not because he is having issues with Wike, but because I am from Rivers State.
We are tired of that tyrant

This meeting will eaither make or Mar the party.
If the Govs don't take over the party, most people will defect and join a new party.

Mtchew

In as much as I hate PDP, I still love SIM

immortalcrown:
APC said ₦216 per Dollar was too much. Therefore, no APC government is good unless the regime takes Naira below 260 per Dollar without taking the nation's foreign reserve below what the reserve was during the time of PDP.

Praising the government when Naira is 216 per Dollar means praising stagnancy.

Praising the government when Naira is above 216 per Dollar means praising backwardness.

Call me anything you like.

216 dollar even too much sef
They should just bring it to $400-500

ebufa:
You are an unthinking caveman......... your primitive and near bestial level thoughtlessness makes absolute no sense! You no call fulani bandits that have taken complete control of huge chunks of northern nigeria.....na simon ekpa that is fighting to stop the fulani tsunami that you are calling a fool! You black africans get on my last nerves! yap your rubbish and vamoose from this thread! anu mpama!

why are you getting upset?
I am not the fool that fathered you, go and pour ur frustration on him

ayjay45:
this too is exactly my thoughts. Mehn

I wish I could afford supercars, expensive vacations and live in big houses . Do some pepper dem for the haters

Yousee bruh na to just do our best for this life

I believe ur father also wished this, the problem is, will your children wish this?

AskNgige2:
And he took bribe from Tinibu and same Atiku lost..

When wike said he collect 1b naira from Lagos u guys ddnt understand..
But Atiku mumu for not doing anything possible to remove ayu so that wike will work for him..
With rivers voke Atiku for win

Wike is not ready to work with Atiku.
He will influence the PDP and frustrate Atiku.
Atiku won't be able to do his mago mago politics and rule Nigeria as he wants if Wike was his vice, cos unlike Deputy governor, the vice president also has some power

LegendHero:
Petrol today is $2.98 per gallon for in some part of USA like Ammarillo.

—3.785 liters make a gallon

—That means one liter cost $0.787

In today rate of $1 to N1100, that’s like N865 naira.

That’s using USA, lot of factor determine the price including taxes and etc. In other countries, the price is lower than this.

1 liter costs 0.9$ in USA currently.
That's like 900 naira per litre.
In Nigeria it costs N600 per litre

jmoore:
If NNPC was selling petrol at 617 naira when 1 dollar = 1,600 naira, then at the current rate of 1 dollar to 1,100 naira, petrol should be sold currently at 424 naira per liter.

NNPC was selling petrol around 600-675 in December when dollar was 900-970.