Emu4life:
This OPEC caps doesn't make sense to me. How can Saudi Arabia, Iraq, Iran, UAE, Russia, Kuwait and others with small population have times 5 (or even more) of the Nigerian qouta despite our large population?

If we have sensible leaders, we should have exited OPEC and targeting 10m barrels production per day.
Honestly, this OPEC qouta shit doesn't make much sense.

Exactly! A quota of 1.5 million b/day is highly unfair. Nigeria with a population of over 200 million is given a production quota of 1.5 million b/day, while kuwait with a population of just over 4 million is allocated a production quota of 2.6 million b/day. That's cheating. Nigeria's quota should be at least 2.5 million b/day, that's if we can meet up.

PARADIZEPRIEST:
binance is banned in UNITED KINGDOM,IT IS BANNED IN CHINA, USA FINED THEM 4.5BILLION LAST YEAR FOR INFRACTION. angryBAN THEM IN NIGERIA,WE DONT HAVE THE HITECH REGULATION TO REGULATE THEM. CBN SHOULD BAN AND BURN THEM.THEY ARE ECONOMIC SABOTUERS WITH POLITICIANS AND SCAMNERRS.

As I have been saying banning Binance is almost impossible, because it operates in cyber space. As long as you have Internet connection, you can access binance, unless of course the government instruct the country's ISPs to blacklist their IP, but then there are bypasses by using VPNs, proxy servers and tunnels. Banned Binance in China still carry out $90 billion of transactions monthly.

Binance is not completely banned in the UK and USA, but highly restricted.

DeepSight:


If something is difficult to regulate should it not be banned?

You can't ban binance or any other centralized or decentralized exchange, because they operate in cyber space. They have no physical address, no office, no physical staff you can identify. You can only restrict their operations through clever IT tools and skills, and I doubt if out archaic public servants have those skills. That's why they are running after binance officials and citizens instead of employing IT to restrict them.

Blockchain technology is a cutting edge technology and we are way behind.

Haaland21:
Nice decision

Binance is a fraud....more than 15 countries have already banned them.

No one has accused Binance of fraud. In fact binance transactions is more transparent than our so called banks. The reason they are banned in many countries is because they are very difficult to regulate.

RepoMan007:
Kidnapped their representatives and slammed a technical ransom of $10Bn on their assés.
This is Intl corporate banditry, though it favours me. At least he won't tax the he'll out of me.

Typical kidnap for ransome. Tinubu is learning from bandits. If the Binance representatives broke Nigerian law, they should charged to court. If the company Binance broke Nigerian laws, they can be banned and blocked from operating in Nigeria, but extra judical holding of their executives until a fine is paid is banditry.

favor914:
Did General Sani Abacha win any election, even local government election?

He did not because he died, but if elections held in 1999 as scheduled, Abacha would have won with a landslide, or should I say moonshine. 5 million youths had already lined up in Abuja earnestly begging Abacha to run for president. All the 5 political parties had already adopted Abacha as their presidential candidate.

That's is an indication of the legitimacy of Nigerian elections as INEC choose to be opaque and not transparent with election results.

seunmsg:
The problem is not even the organized Labour but Joe Ajaero who is a member of the opposition Labour Party. He’s the one using Labour to play opposition politics.

TUC made it clear they are not part of the recently flopped nationwide strike and protest because it was absolutely unnecessary since all the demands have been met.

The good thing about President Bola Tinubu is that he won’t shy away from a fight. Ajaero and his gang of Obidient supporters have been giving a long rope to pull and it’s time to call their bluff. They have now been warned. Respect yourself and allow the government to face governance in peace or face the consequences. If you want power, wait and contest in 2027. Enough of the disruption.

Who is tinubu compared to Abacha. The likes of Frank Kokori and Pascal Bafyau fought Abacha to a stand still. We don't have such men of conviction and courage anymore.

ufuosman:
NLC be no even serious

NLC is dead and buried. Gone are the days of Pascal Bafyau and Adams Oshiomole. That was when NLC had fangs and even military dictatorship governments were afraid to step on the toes of labour unions.
In those days, no way government would raise price of fuel 300%, devalue naira 100%, increase food prices to astronomical levels, and still keep minimum wage at N30,000 (one quarter the price of a bag of rice or just 50 litres of petrol). Labour would have shut down the country indefinitely.

Nowadays, NLC are errand boys for the government, they huff and puff and then whimper back to their hole after collecting a few dole.

This is the key sentence in the whole speech;

Democracy is nothing more than the political framework and the path to addressing the basic needs and aspirations of the people.


Now Has democracy in ECOWAS addressing basic needs and aspirations of the people, or the basic greed of a few power hungry political elites? If ECOWAS can address these needs, coups would be unattractive in the sub region.

It was ECOWAS that first suspended Niger Republic, before the country along with its sympathisers decided to pull out. That means for Niger and others to consider coming back to ECOWAS, President Tinubu and his own supporters must first of all rescind the suspension. That's just common sense. President Tinubu must as inauguration a committee to negotiate with Niger and others on the way forward. ECOWAS cannot afford to be divided at this critical period.

gidgiddy:


Stop defending Gowon, there is no defence. The entire Supreme Military Council (Col Gowon,Col Ojukwu -East, Col Adebayo-West, Col Katsina- North, Col Ejoor-Midwest) were not only at Aburi, but also signed the agreement along with Gowon and Ojukwu. The picture they all took with Ghana's then President, General Ankrah, after the signing, is on the internet and below. They were all in front row with General Ankrah

When they got back to Nigeria, Gowon broke the agreement and caused the war

You are stuck in your alternate universe and no force of fact can bring you to reality. T.Y.Danjuma and Mohammed Murtala opposed the Aburi accord, they even refused to attend the aburi meeting. The Midwest region opposed the Aburi accord and the head of service in the person on Prince Akenzua wrote Gowon detailing his opposition. In a meeting of the representatives of the regions, which Ojukwu boycotted, the remaining 3 regions rejected the Aburi accord.
So I don't know how you think Gowon could gave imposed the Aburi accord on the whole nation.

Verysmart101:


Does military government operate with constitution? When he created states did he consult the supreme military council? Military dictatorship is absolute and gives supreme power to the head of state. Don't confuse it with civilian regime

A military man takes an oath to maintain the territorial integrity of a country with his life. You don't expect a general to fold his hands and watch a section of the country secede.

Even if a military government suspends constitution, that doesn't mean they can give portions of the country away.

gidgiddy:


A President signs an agreement but it is not binding? Really? Is that how you people reason? You sign an agreement then decide later if you want to go through with the agreement or not?

So how did you expect their won't be trouble?

I sign an agreement, and later I say that I conducted, and decided not to honor the agreement I signed? So I couldn't consult before signing? Then its Gowons's fault 100%

Really! A president cannot unilaterally sign an agreement affecting the fundamental structure of a country. Even a dictator cannot fo that without the agreement of the military and other sections of the country.
The Aburi Accord was never ratified by the supreme military council or politicians of other regions of the country, therefore the Aburi Accord was null and void ab initio.

EponObi:


Me too bro! Even though 2022 was very tough.

Tell them, but don't let out the secret. Many Nigerian youths are making clean money with crypto.

Deogratiasfx:


A country that knows what is doing can even rely on Crypto to beautify their economy. Huge hard currency that is would even give u more than oil wells and gold reserves.
Was so shocked that the world is going crypto, Buhari was banning Crypto.

Imagine. So many ignorant people here. Binance has daily trading volume in excess of $10 billion, and I am not even started talking of other exchanges.

There are numerous crypto instruments and assets, ie NFTs, MemeCoins, altcoins, etc that ordinary people (some teenagers)are using to cash out millions, others are making millions mining cryptos and other blockchain technologies, and someone is asking what crypto contributes to the economy, in this era of web 3.0.

IbeOkehie:



The truth is that the 10 years of of fuel subsidy from 2012 to 2022 finally destroyed the financial stability of this country.

Completely false narrative.
Fuel subsidy did not destroy the economy, corruption did.

Here are the avenues of corruption, each of which is more than fuel subsidy.
1. Crude oil theft. The amount of crude oil theft in the high seas per month is more than fuel subsidy per year.

2. The amount of fraud in the fuel subsidy itself is more than the actual amount spent subsidizing the fuel in the first place. The house investigation on the fuel subsidy regime revealed that.

3. The amount stolen in other government ministries and parastatals (apart from NNPC), ie Ministries of humanitarian affairs, Works, Aviation, Transport, power, etc, is more that the money paid for subsidy.

4. The amount stolen by the likes of Elumelu, Ovia, Wigwe, along with their banks through round tripping the naira is more than the amount spent on subsidy.

4. The amount stolen by the CBN governor and his cronies and associates is more than the amount spent on subsidy.

5. Finally, there is the question of if there should be subsidy. Why? Because since the 1980s, we are made aware thar Nigeria entered a crude swap agreement with various refineries overseas, whereby we give them crude and they give us petrol, diesel, kerosene and Aviation fuel, while they keep the remaining products as payment. What happened to the crude swap agreement, was is still operational the last 20 years or it was cancelled?

So the number 1 problem of Nigeria was/is corruption. Kill corruption and everything will start working again.

Trump and his MAGA cult members are confused and suffers cognitive dissonance. Now, if Trump is comparable to Navalny, then Biden should be comparable to Putin? (that's is in their warped minds). So how come Biden is condemned for going after Trump, but Putin is praised or at least tolerated for killing Navalny? Trump and his supporters can never condemn Putin.

Nbote:
At this point, it is very very very very clear that these people are very very very very clueless. This is what you get when you bring in relics as leaders. Is Nigeria the only country using Binance? How can anyone who isn't a slowpoke claim Binance is a sophisticated heist against the economy

Imagine, Kenya is using Binance, Zimbabwe is using binance, even next door Benin Republic is using binance. Its only in Nigeria that Binance is causing problem.
That's what you get when you elect geriatric old men in government, instead of taking advance of the digital economy, all they know is ban this and ban that. They will ban social media soon.

uche393:
what Tinubu should have done was to remove only fuel subsidy and maintain Buhari's exchange rates.
then make measures to tackle the the scams CBN do with the official forex rates and have limits to sell to people like Dangote because he took advantage of the CBN rates

Removal of petroleum subsidy at the time and manner he did was wrong. Why? Because Nigeria generates a measly 6,000 Mw of electricity and have no mass transit transportation system. What this meant was that the over 200 million Nigerians depended on petrol to run their offices and homes, and on transportation to work and business. Petrol was and is still critical to the survival of the average Nigerian - directly or indirectly.
What Tinubu should have done immediately after inauguration was to probe the petrol subsidy regime and probe NNPC in general. Even if he cannot prosecute subsidy and oil thieves due to political expediency, he should at least stop the massive theft. EFCC should be working overtime instead of pursuing Yahoo small boys up and down. We are yet to understand what happened to the crude swap agreement we had been operating since the time of IBB.
Tinubu decided to punish Nigerians to save his friends and political allies.

HellVictorinho6:



can we meet face 2 face?

I am Sorry I try to separate my real life from my online persona. Nigeria is a dangerous place at the moment. My WhatsApp was hacked last Friday, it took me 24 hours to recover my account, before then the hacker had wrecked havoc to my reputation, by contacting everyone on my contact list and pretending to be me begging for loan. Luckily, only one person fell. I am still trying to resolve that one till now.

Drop your email and I will contact you with my alternative email. I will see if I can be of assistance anonymously.

JayTripz:
Ahhhh Omoooo :'

Makes me wanna Cry

God help us in this country

Many people warned us about a Tinubu presidency, but we refused to listen. Emilokan was the only thing that mattered. After Tinubu, whose turn is it? Since Nigeria now operates on a turn by turn basis.

https://www.youtube.com/watch?v=cUN5LUVDHdw?si=QK_fWzyOgHEL-Lig

nairalanda1:


I doubt we are in a position to get a loan sans conditions.

At the end, this government and it's predecessor never ever did diversify. Here we are.

We are. The problem is trust. No one trust any Nigerian government after Obasanjo. Would you give loans to someone, an organization or country to someone you know is profligate.
Nigeria's debt to GDP ratio is not too bad. If the government invest heavily in gas and oil, and increase production of crude to N2million barrels per day, reduce government expenditure, invest more in infrastructure and the productive sector, the loans can be easily offset.

nairalanda1:


Yeah, and replaced by another government that will pay subsides to the max on borrowed money, and then we would be in real trobule and tribulation pretty soon.

90% of income on debt servicing , 4bn forex. Partly due to decades of subsides.

Borrowing does not put people or countries in trouble, in fact most successful people and countries borrow heavily. Its the use to which the loan is put that can cause trouble. If fuel subsidy can cause an increase in productive capacity and thus increase in economic capacity, then the government would reap the rewards in increased taxes and socio economic stability.

Segzy19:
I still wonder how people still say Tinubu removed subsidy when we all know that Buhari removed it from his 2023 budget but didn't announce it so that it doesn't affect his party's chances at the elections... Tinubu only made the announcement when he was sworn in....

Is it now the person that announced it that removed it?

False narrative. Buhari made provisions for subsidy till the end of his tenure. He left the decision on whether to retain subsidy after his tenure to Tinubu, and Tinubu choose to do away (in theory) with subsidy. If Tinubu wanted to keep subsidy, he would have done it through supplementary budget.

danowena:
All these guys that will just be talking for the sake of talking without adding common sense. How does he think the fuel price has remained some despite the huge changes in exchange rate? Cost price of fuel got cheaper?
Of course they are still subsidizing fuel otherwise it won’t remain relatively stable.
Lets try to contribute with some sense instead of trbal or partisan sentiments.

What are you saying? It seems you are very ignorant if economics, it was the removal of subsidy coupled with the floating of the currency at the same time that was responsible for the huge changes in exchange rate.

They are stabilising fuel prices by paying subsidy, which they claimed to have removed. The subsidy payments are even higher now than before removal.

HellVictorinho6:


Am homeless actually

That building has no bathroom/toilet

Can u believe the person we call mum tried to drag me out of the toilet in the apartment where she stays today?

She allows godwin to use it but she tried to drag me out while i was defecating!

Then dad intervened

I really don't understand what you wrote above, first the building don't has no bathroom/toilet, then the person you call mum tried to drag me out of the toilet. Which toilet are they draging if the building doesn't gave a toilet?

4get all u are saying

Am into teaching

The factory tinz cant solve anything

I need an apartment

Factory/bricklaying cant fetch a way out NOW


Besides

U still dont ask the right questions

Since you are into teaching, it means you have some skills, why not put that teaching skills into use? Why not look for private teaching job? I pay the private teacher of my two boys in secondary school N20,000, he comes to my house to teach them 2 hours, 3 times a week. He has other students he is teaching apart from his school job.

If you are not comfortable living with family, you need to start planning moving out. You can either stay with friends, or get a single room. Depending on location, single room could be anywhere from 3,000 per month to N10,000. You couod even share with a friend to reduce cost.

safarifarms:


But it's okay to bring your anti-God posts on Christian/Church related topics which you know absolutely nothing about.
You believe God doesn't exist, that's fine. Why bother about what doesn't exist?

Me bring anti-God topics here? You must be high on some anointing oil. The OP was sharing his personal experience about a church he was attending. He did not talk about God at all. Other people are sharing their own experiences with Nigerian churches and the pastors. You that equate churches and pastors to God started spamming the thread with anti atheist memes. Just because I countered your stupid memes, you started getting angry and screaming anti-God.

[quote author=safarifarms post=128515275][/quote]
Here we go again (where is that face-palm emoji?).
Bringing up unrelated and irrelevant topics on subjects you know absolute nothing about.
The horseshoe crab had not evolved over hundreds of millions of years because it did not need to. It lived in the same habitat eating the same food, with the same threats. Environment, food, threats, are the main driving force of evolution. Just like phones, Nokia 3310 is still available today even though we have 5 G phones.

[quote author=safarifarms post=128514672][/quote]

THEISM IS RATIONAL
Given enough time an old bearded Jewish man will magically create himself from nothing and then create the universe.

Jamiubond009:
Everything inside the church is deliberate; from the music to the preaching to the theatrics.All are engineered to put you in a suggestible state so the programming and fleecing can be carried out successfully.Ever wondered why you feel different once you step out of a church premises? Spirituality is different from what obtains in a church.I commune with my Chi in my own unique way and not the template handed down to us by foreigners.Deprogram yourself and you will see things differently.

Pure hypnotism.
I figured this out in my teens. I am surprised that till today matured and highly educated men and women fall for their antics and become willing victims.

HellVictorinho6:


Does it mean u can help me with 3k?



If i find nowhere 2 bathe, i must sleep outside 2day

However, my brother ALSO depends on me thatz not stable 4 feeding

Cuz hes jobless, are we just hopeless?

Don't you have any skill at all? Even if you don't have skill are you or your brother disable in whatever form. You can walk up to a construction site or factory and ask for labourer job. I did all sorts of minial jobs between the ages of 18 and 22 even though I was getting allowance from home, because it was not enough (not in Nigeria though).
You must learn the act of survival. All living creatures must imbibe the survival instincts else you go extinct.

DeepSight:


As true as what you have written is in terms of dollar profiteering, one cannot say these folk destroyed the naira. They didn't float the naira for heaven's sake. You know who did.

The case of the naira is same with fuel subsidy. Since the government feels powerless against the banking and oil business elites, they decided to take the easiest option - take it out on the poor masses. The government took the option of "removing subsidy" from the dollar because
of serious corruption in the CBN dollar auction policy.

Jogs1900:
The truth is top bankers in Nigeria made their money from dollar racketeering...The likes of Wigwe, Tony Elumelu, etc.

During Abacha's time, he jailed many bank executives and withdrew their banking licenses because of dollar racketeering.

This is the absolute truth and nothing but the truth. Nigerian bankers are the main cause of the dollar crisis we have in Nigeria. They are all criminals pretending to be bankers. Have you ever wondered why Nigerian bankers are the richest bankers in the world. How many actual banking do they do that the likes of Wigwe, Elumelu, Ovia are richer than US, UK, Chinese and even Swiss bankers. Banking business is supposed to be collecting money from customers and lending to other customers and profiting from the difference. Nigerian bankers business model is all about round tripping - they collect money from government at official rates and sell to Nigerians at blackmarket rates through bureau de change and mallam. They are singlehandedly responsible for the destruction of the Naira.

This was why Abacha jailed them all, they are all criminals. When Abacha liberalised the Banking industry, these criminals duped ordinary Nigerians billions of naira with wonder banks. They were the ones that destroyed that noble policy.