₦airaland Forum

There is light at the end of the tunnel.

How long is this tunnel

She bought them in joy

ERORR404:
Every nonsense has association in Nigeria.. pure water will only be sold for N100 in Abuja,Lagos and other states filled with wicked and greedy opportunists.. pure water is still N10 per piece here in yola Adamawa state and N200 per bag. Are our own producers getting their materials from outer space?

Just few hours ago, here in Ogun State, a friend bought 3 satchet of water for ₦100. The seller said it's because the water is cold. After grumbling, he bought it. I drank one

Printme1:
Music is powerful and ADDICTIVE.

You start out not liking a particular type of music and then one day you hit a song you like and from there, you start liking other songs by the singer.

And then new songs from the genre.

It was like this for me with music.

Rap songs was never my thing. I could remember back then in 2010 or 2009. I just wouldn't listen to rap songs.

For one, I didn't think it was music. Rap never felt like music to me. And Secondly, I don't want to struggle to understand what was being said.

Anyways, I listened to Eminem's Not Afraid and became instantly hooked.

I listened to the song almost all through the day. And then I listened to more of his songs, pick a lots of favorites which became my Playlist.

I then started searching for more rappers like him and stuffs.

Back to 2024 now, I want to change my taste of music. And there's a huge reason for this.

Music sends messages to our subconscious. It dictates moods and thoughts and can easily influence how you view yourself and the people around you.

I have gone very deep in this rap culture, started listening to songs by the likes of Meek Mill, NF, Juice WRLD, and so on.

But when I look at the lifestyle of these people, the way they talk, act and behave, I always have one single thought: "these are not the kind of people I should be drawing my inspiration from"

Not to judge but most of these people are not the kind of role models I want or would ever want to look up to.

Secondly, their songs nowadays are always very depressing, deprecating and self focused and I didn't like how these songs make me see the world.

I realized this was a problem a while ago but I kept listening to these songs because I've grown accustom to them or should I say addicted.

But for the last few months, I've been making changes to my music taste. I've included more gospel songs to my library. Thanks to Chris Morgan and others, I now force myself to listen to gospel songs.

And it has not really been easy. But I'm happy to say that even though I subconsciously miss those rap songs, I'm glad to be making efforts to listen to different genres now.

I'm also listening to more Nigerian songs especially Afrobeats. I judge these are "feel good" songs and most of the time, they keep you in high spirit and probably make you want to dance.

This to me feels a lot better than the depressing feelings I get from western raps.

Honestly, you'll never know how things are if you're not trying to leave it.

A few days ago I saw a friend listening to NF and the first thing I wanted to tell him was to leave these types of music that causes depression.

But then again, everyone had their choice and I just kept quiet.

Good points raised here OP.
MUSIC is a/the FOOD for the SOUL.
BREAD is the food for the BODY.
BIBLE is the food for the SPIRIT, SOUL, & BODY.

Alooter continua or white 🐘

Pootle:
low turnout so far nigerians love suffering

Is NLC fighting for NIGERIANS or for themselves (government employees) a very minute percentage of the "pseudo-employed" in the country.
May God fight for us.

VinnyBaba:
This APC/Druggie Tinubu govt should bury their Heads in SHAME.

Sharing Rice to Citizens is now Dividend of Democracy.

Did they SHARE it or SELL IT The rice was for sale oh. It's really sad and pathetic. And the politicians and their cronies are busy cashing out BLOOD MONEY.

Lanrelagboi:
STRONG ASSURANCE FROM THIS GOVERNMEN[/b]T

Just yesterday, I have been at Abuja on the invitation of the President and some members of his team. It was resolved that ;

- with hope and strong resolve by the government and the people things will surely change *if only our people will be a bit patient with the government*
- the CBN Governor Mr [b]Yemi Cardoso declared that with all that have been put into place dollar will surely crash naturally if only the black marketers are put in check.

WHAT WE HAVE DONE IN OGUN STATE

We are not only Gateway state by mouth, we have the best intelligent, resourceful and articulate brains in the country , therefore as your duely elected Governor we met with some stakeholders and came out with these just last week:

- All students in higher institutions across the country who are from Ogun State will be given fifty thousand naira each to cushion the effect of their increased tution fee

- all the primary and secondary school students in the state will be given ten thousand naira each

- all our primary and secondary school students will enjoy at least five exercise books

- all our elderly men and women to enjoy FREE HEALTH CARE from all our health institutions across the state

- all pregnant women to enjoy free health care and to be given five thousand naira after delivery

- having realized that the past governments and this present administration are owing Ogun State workers over #6billion of unpaid deductions we have therefore resolved that starting from this month of February, we shall be paying #500million to offset this deduction owed our civil servants

- our government have been paying ten thousand naira to cushion the effect of transportation cost of our civil servants in the last 8 months, this government will continue with this

- From tomorrow Thursday, 100 trailer loads of rice will arrive the state some of which will be given freely to the aged while the rest will be sold at a controlled price of how much a bag of rice was been sold before the soaring prices of food item started

- we are launching electric okada and tricycles to reduce transport fare by 30-40%

MY PLEA TO YOU AS MY PEOPLE

Let us be tolerant and patient with this government. Let us not join any group of those who are hellbent at destroying this administration. We can't pretend as a government that all is well, we are aware of the hardship but we should not be an agent of sabotage to thwart and tarnish this administration's image and effort .

Ayannuga Olufemi
ASUSS PRESS CREW &
OGUN TUC Media

NOTHING for the MANY able-bodied unemployed youths (males and females) hovering around motor parks and market places in the state.

OUR governments should be creative and create jobs. Our lands still remain one of the most fertile ground...

Lumarstone:
Qatar has nothing to offer this country.

Tell PBAT oh

The last adjustment of the exchange rate by Customs saw the rate move upwards from N1537.07 to N1605.82 per USD.

Is this not an evidence that CBN and those managing the Nigeria economy are not ready to fix this situation in the country

Hope teachers will benefit also. They're poorly paid, loaded with overcrowded classes, and expected to perform miracles in the lives of students. Abi teachers are not civil servants again?

poshestmina:
Belleful pack is #1,100 .
Superpack is #500.

To eat noodles now ,you'll need at least #1800/2k.

On Tinubu's mandate,Nigerians are quenching!

plus eggs at ₦180 to ₦200 for one.

Yeye talk. Where did he get monies to buy a so-called Presidential Yacht and new vehicles for the NASS members Plus other wasteful spendings since they entered

Browndiary:
Press Release

Akwa Ibom State Governor, Pastor Umo Eno, true to his people -centric ways and commitment to seeing to the amelioration of the plight of the people has stated that the Bill for the establishment of the State Bulk Purchasing Agency, which is currently in the House of Assembly, is meant to ensure that the price of staple food items are within the reach of the people.

“We will buy the food items in bulk and ensure that they are made available to our people at relatively lower prices. The process will be transparent.

“I want to thank the House of Assembly for the expeditious manner this Bill is being treated. I want to assure our people that we feel their pain and are working hard to ensure that food security for our people is guaranteed.

“ That’s why they voted for me overwhelmingly and as you know, I came from this stock and I feel their pain completely.

“ I appeal to our people to exercise patience while the House of Assembly is working to pass the Bill, which would be immediately signed into law by me” the Governor had stated while fielding questions from Government House Correspondents.

Ekerete Udoh
Chief Press Secretary to the Governor
February 19, 2024

The people should wait for a law to be passed before getting respite.

He should first let the people know how much he has received as palliative on behalf of the people of the state since he entered.

Today is the day of the Lord. Therefore, I pray and prophesy for Nigeria!
* Nigeria, you are a land flowing with milk and honey...You will not dry up but the wicked and evil human spirits sucking you dry BEGIN to dry up from now in Jesus's name 🙏

*Nigeria, those who want to make you a place of desolation and the burial ground of the citizens shall be desolate themselves 🙏

Nigeria, your glory shall be restored as the Giant of Africa indeed🙏

Nigeria, you have given birth to worthy sons and daughters...who continue to show forth your greatness. This shall not cease🙏

Nigeria, you are a land of destiny. You shall fulfill divine plan and purpose in Jesus name 🙏

Nigeria, your peace and prosperity is restored to the masses in Jesus name 🙏

Nigeria, you are my home - whether I japa or not, there is no place like home. All those who want to make it difficult for we, the people of Nigeria, to live in peace with you shall receive their own wickedness.

Nigeria, you are blessed and no man can curse you. Remain blessed in Jesus name 🙏

hansomb:
yeah, especially that keyboard 🎹🎹 playing in background when preaching is going. It made to aroused negatives spirits

That's the spirit controlling instrumentalists at work

BodyCount:
Because many of the leaders are in it for business and money making.

They mostly pocket church offering and donations for personal use.

ANY CHURCH THAT THE PASTOR DOESN'T HAVE ANOTHER WORK APART FROM BEING A PASTOR IS MOST LIKE A LAZY THIEF AND SCAMMER. EVEN JESUS DID CARPENTRY WORK WITH HIS FATHER - JOSEPH.

If you study the Bible very well. Jesus carpentry work ended as He entered into the ministry.

The three and half years He spent on ministry was purely full time. That's the reason you could see the results in miracles, signs, and wonders.

He had time to fast and pray for 40 days - though the Bible tells us about one, I am sure Jesus fasted more than once for 40 days. He had time to wake up very early to pray. He had time to go on evangelism - study your Bible and see His movements.

Grace and gifts of God differs. So, don't assume because of your experience with lazy full time pastors that every pastor on full time job is a thief.

There are many hardworking and successful professionals who have heard God's call to go into full time ministry, this I believe you know.

EreluRoz:
It is well, the asiwaju I know is excellent with governance but I can't really say what's happening.

Hmm something tells me the opposition are attacking him spiritually to fail

Is he not a spirit himself Make e attack them back

They should also be ready to amend the constitution to SCRAP the National Assembly and this criminal presidential system.

lastkingsman:
Australia is denying Nigerians student visa because "the economic situation in the country won't allow you to return after studies".

Nigeria is gone

Is this for real

Thissystem:
Nigeria my country!!

We really need to do the right things to fix the Nigerian economy. Come up with the right policies, it’s as simple as that…in addition to prayer. We don’t fold our hands and just be praying. Even the Bible says that Faith without works is dead!

If any new policies are not working, then revert them to the old manageable policy that’s not as bad as the new policy until a better policy is figured out. It is not a ‘defeat’ to reverse a non-working new policy to the old one.

Subsidy was removed without a plan to cushion the effect on the poor masses. Naira was allowed to float without thinking about and working on the factors that can ensure its success.

How can the economy work without the right policies in place and implementation of those policies??

Nigeria's economic situation is now beyond theories. No right-thinking person will be playing a ping-pong game when his house is on fire. This is no more time for simply passing the ball, blaming one another or series of past administrations. We need to roll up our sleeves and get to work. Not writing long epistles, not making ‘audio’ political speeches/promises, praying & fasting. This is time for the actual work.

An emergency economic team needs to be quickly formed to render a selfless service, not tied to any monetary gains. There should be a careful selection of each member of the team.

Have you not heard? Subsidy is back through the backdoor and the amount being paid now is more than ever before

tensazangetsu20:
He had a first class in accounting, he worked at Deloitte and he trained for 20 years to be president.

Paraman:
I wander why the Government don't want to import food on the short run... I don't just understand.

Is there scarcity of food in Nigeria There is more than enough foodstuffs in all our markets. The situation is that many Nigerians have been deprived of the capacity to buy food due to it expensive cost caused by the so-called subsidy removal and naira matters. I went out from Ogun to Lagos today and was intentionally watching out for our markets, there was foodstuffs and fruits but few to no BUYERS.
LET THE GOVT STOP CHASING SHADOWS AND ATTEND TO THE REAL MATTER.

UncleAyo:
World's Top Performing Currency and Insight for Naira

* Government/CBN should stop the printing 500 NGN notes and 1,000 NGN notes (the use of #200 note should be sparingly) and officially discontinue the use of these currencies!

* Reintroduction of Nigeria coins, 50Kobo, 1 NGN and 2 NGN.

* Focus should be on Local Business and not call for foreign investment; as foreigner will eventually and continually repatriate their profits in USD. (learning from what is happening in China)



Welcome, lets get started by examining the top 10 performing currencies in the world to gain necessary insights before drawing our conclusions.

*.Kuwait Dinar KWD: ( 1 KWD = 4,920.49 NGN )
Bank notes: 1/4, 1/2, 1, 5, 10, 20 Dinars -------------- Highest denomination == 20 Dinars; Coins == Yes
Coins: 5, 10, 20, 50, 100, 200 Fils


*.Bahraini Dinar BHD: ( 1 BHD = 4,021.64 NGN )
Bank note: BD 1/2, BD 1, BD 5, BD 10, BD 20 --------------- Highest denomination == BD 20; Coins == Yes
Coins: 5, 10, 25, 50, 100 Fils, BD 1/2


*.Omani Rial OMR: ( 1 OMR = 3,937.77 NGN )
Bank note: 1/2, 1, 5, 10, 20, 50 Rials --------------- Highest denomination == 50 Rials; Coin == Yes
Coin: 50, 10, 20, 50, 100 baisa and rarely used 200 biasa


*.Jordanian Dinar JDD: ( 1 JDD = 507,65070 NGN )
Bank notes: 1, 5, 10, 20, 50, Dinars ------------------- Highest denomination == 50 Dinars; Coin == Yes
Coins: 1/2, 1, quirsh, 21/2, 5, 10 Piastras


*.British Pound GBP: ( 1 GBP = 2,135.49 NGN )
Bank notes: €5, €10, €20, €50 ----------------------- Highest denomination == €50; Coin == Yes
Coins: 1P, 2P, 5P, 10P, 50P, €1, €2


*.Caymanian dollar KYD: ( 1 KYD = 1,815.81 NGN )
Bank notes: 1, 5, 10, 25, 50, 100 Dollars ------------------- Highest denomination == 100 Dollars; Coin == Yes
Coin: 1, 5, 10, 25 Cents


*.Euro EUR: ( 1 EUR = 1,631.43 NGN )
Bank notes: €5, €10, €20, €50, €100, and €200 --------------- Highest denomination == €200; Coin == Yes


*.Swiss Franc CHF: ( 1 CHF = 1,719.44 NGN )
Bank note: 10, 20, 50, 100, 200, 1000 francs ------------------- Highest denomination == 200 francs; Coin == Yes
Coins: 5, 10 and 20 Rp/cts, 1/2, 1, 2 and 5 Fracs


*.United State dollar USD: ( 1 USD = 1600 NGN )
Bank note: $1, $2, $5, $10, $20, $50, $100 ----------------- Highest denomination == $100; Coin == Yes
Coins: 1C, 5C, 10C, $1/4, $1/2, $1.




Go back to the list once again and check what's the highest denominations of each currency (and population of users of each currency), You will discover that the top performing currencies do not have high face value like we have 500 NGN and 1,000 NGN in Nigeria.

Also, you will notice that the top performing currencies have coins form of currency with denomination of very low face value.


The highest of the denomination is 1000 Franc followed by 500 EUR. 1000 Franc is not in frequent use and the highest Franc denomination next to it is 200 Frank ( not like 500 NGN as we have here in nigeria ). Also the use of 500 EUR was discontinue in year 2018.

Get a hold on history of exchange rate in Nigerian, you will find out that every introduction of new high (face value) denomination currency note has adverse effect on exchange rate.


Why High Denominational Currency Note Is Bad:
1. Increase in prints of currency notes with high face value e.g 1000 NGN makes other lower currency of less important and less useful. This can gradually lead to upgrade of price of goods and services in market.

2. It makes stealing, looting and hoarding of cash easier as larger amount of money value can be packed into a very small space.


3. 500 NGN and 1000 NGN are no money for the common man, go to the market and examine what denomination are most in use.

4. It's in a way opposing the cashless policy by the federal government of Nigeria.


What The Wise Nations Did:
1. United State of Ameria used to have $500, $1000, $2000 currency notes until December 14, 1945, when the high denominational bills were last printed and officially discontinued on July 14, 1969 by the Federal Reserve System.

2. Europian Central Bank announced on 4 May, 2016 that it would phase out the 500 Euro notes by the end of 2018.



Other Factors That May Affect The Exchange Rate Of A Currency Include:
1. Ratio of goods/services importation to exportation

2. Availability of currency and number of complying users.

The Illegal illegal printing of currency by the CBN according to as reported by some news media outlets has a long way to desctroy value on our cash.

3. Inflation rate

4. Government debts and federal reserve.

5. Political policies and stability

6. And many more



My Recomendations:
Nigerian government should permanently discontinue and remove 500 NGN and 1,000 NGN currency notes from circulation. Reintroduction of 50 Kobo, 1 NGN and 2 NGN coins should also be done.

A government fighting corruption will yield to this advice as abundance of lower denomination currency will discourage looters from hoarding and keeping cash in a safe instead of bank.

Caveat emptor:
This writeup is a personal opinion resulting from my many observations. It is not a scholarly work and should not be treated as one. Copy-and-paste bloggers should please reference the link and author of the article.




TOP PERFORMING CURRENCY (UPDATED CONVERSION RATEs)

1. Kuwaiti dinar (KWD)
The Kuwaiti dinar is the strongest currency in the world with 1 Kuwaiti dinar buying 3.26 US dollars (or, put another way, US$1 equals 0.31 Kuwaiti dinars).

Kuwait is located between Saudi Arabia and Iraq, earning much of its wealth from being a leading global exporter of oil. The Kuwaiti dinar was introduced in the 1960s and was initially pegged to the British pound before being re-pegged to an undisclosed basket of currencies.

2. Bahraini dinar (BHD)
The Bahraini dinar is the second strongest currency in the world with 1 Bahraini dinar buying 2.65 US dollars (or US$1 equals 0.38 Bahraini dinars).

Bahrain is an island nation in the Persian Gulf off the coast of Saudi Arabia. Like Kuwait, the country earns much of its wealth from oil and gas exports. The Bahraini dinar entered circulation in 1965 and is pegged to the US dollar.

3. Omani rial (OMR)
The Omani rial is the third strongest currency in the world with 1 Omani rial buying 2.60 US dollars (or US$1 equals 0.38 Omani rial).

Oman sits between the United Arab Emirates and Yemen at the tip of the Arabian peninsula. As with its other wealthy neighbours, Oman is a major exporter of oil and gas. The Omani rial was introduced in the 1970s and is pegged to the US dollar.

4. Jordanian dinar (JOD)
The Jordanian dinar is the fourth strongest currency in the world with 1 Jordanian dinar buying 1.41 US dollars (or US$1 equals 0.71 Jordanian dinar).

Jordan is largely land-locked country in the Middle East. Jordan is less dependent on oil and gas exports than its neighbours and has struggled with sluggish economic growth and rising debt. The Jordanian dinar entered circulation in 1950 and is pegged to the US dollar.

5. British pound (GBP)
The British pound is the fifth strongest currency in the world with 1 British pound buying 1.28 US dollars (or US$1 equals 0.78 British pounds).

Britain is the sixth largest country by Gross Domestic Product (GDP), according to the World Bank. The pound was first introduced in the 1400s before being decimalised in 1971. It is free-floating and thus not pegged to other currencies.

5. (Tie) Gibraltar pound (GIP)
The Gibraltar pound is the joint fifth strongest currency in the world with 1 Gibraltar pound buying 1.28 US dollars (or US$1 equals 0.78 Gibraltar pounds).

Gibraltar is located at the southern tip of Spain and is officially a British territory. The Gibraltar pound was first introduced in the 1920s and is pegged to the British pound (at par, meaning that one GIP equals one GBP).

6. Cayman Islands dollar (KYD)
The Cayman Islands dollar is the sixth-strongest currency in the world with 1 Cayman Islands dollar buying 1.20 US dollars (or US$1 equals 0.83 Cayman Islands dollars).

The Cayman Islands is a British territory in the Caribbean and is an offshore financial centre. The Cayman Islands dollar was first introduced in the 1970s and is pegged to the US dollar.

7. Swiss franc (CHF)
The Swiss franc is the seventh strongest currency in the world with 1 Swiss franc buying 1.15 US dollars (or US$1 equals 0.87 Swiss francs).

The Swiss franc is the official legal tender of Switzerland and Liechtenstein and is seen as a safe haven due to Switzerland’s political stability. The Swiss franc was introduced in 1850 and was later briefly pegged to the Euro before moving to a free-float.

8. Euro (EUR)
The Euro is the eighth strongest currency in the world with 1 Euro buying 1.10 US dollars (or US$1 equals 0.91 euros).

The Euro is the official currency of the Eurozone, being 20 out of the 27 countries that form part of the European Union. The physical currency entered circulation in 2002 and is free-floating.

Related: Euro to AUD forecast

10. US dollar (USD)
The US dollar is the 10th strongest currency in the world, worth exactly 1 against itself. All other units of currency across the globe are worth less than a US dollar.

Created in the 1700s, the US dollar is legal tender in the USA, other US territories and sovereign nations including Ecuador and Zimbabwe.

The US is the world’s largest economy by GDP and the US dollar is by far the most-traded currency globally.

The US dollar is also the largest reserve currency in the world (the currency most held by central banks) and is the currency used to price many commodities, including oil, gold and copper.
https://www.forbes.com/advisor/au/investing/currencies/top-10-strongest-currencies-in-the-world/


My piece of contribution.

Your contribution is quite enlightening and looks results oriented. I have always wondered why coins were gradually phased out and if you're observant, you will notice that ₦50 is gradually getting scarce.

The issue of implementation of policies like you suggested is that the nature of humans we have as politicians are not the ones who have the interest Nigerians and Nigeria at heart. So, since any policy that will not benefit them cannot be sanctioned. Higher denomination notes were printed for their sake and not for the sake of having a good economy.

CelestineNelson:
I hope it is not what I am thinking oo

a dollar for your thought.

nstore:
Japa! to your home town and start a farming business.. There's hunger in the land..

In the U.S., small farms are considered the backbone of the agricultural industry, with 97 percent of all U.S. farms being family-owned...

Many 'silent' farmers who are millionaires and billionaires out there.. Go do your research...

The "hunger in the land" is not because there is no food oh. It's because the food is becoming way too EXPENSIVE due to fuel price increase and forex instability WHILE salaries as well as businesses are not growing to meet up with the increase.

LoveLeadsLand:
The government cares less. So the only solutions I know that can work are those that are people-powered, such as presented in this Google document👇👇👇

The Shortest Cut To Raising The Value Of The Naira

I read your article. As laudable as your suggestion is, it still has a lot of loose ends. It looks more theoretical than practical. Why not provide more detailed and explicit illustration of your position.

Secondly, this proposal also will exclude a large majority of the people especially the middle age and elderly.

However, it's a good proposal but this alone cannot reverse the situation on ground.

Thislifee:
I have faith it will reach. I really need answers from people. Abeg they should answer my question.

A LG Chairman gets more more money than a university vice chancellor that's not corrupt.

Years ago, I was invited to a house party by a LG chairman, celebrating 100 days in office. The main party held in the stadium, thereafter, the private one in his huge bungalow, where I saw some cars covered in taupulin.

This man was living in a room and parlour apartment before his 'election.'

Johnjustice:
If we don't destroy dollars it will destroy Nigeria.

Ban dollar use inside Nigeria now. Naira is our legal tender, with this, it is illegal to spend any other currency inside Nigeria or use any other currency for payment.

That's not the issue my friend. How many people use dollars in Nigeria? The CBN, politicians, and those supposed to manage the economy are not ready to do the needful which would not favour them.

Liberia uses USD and LRD officially, yet their economy is fairly ok. 1 USD equals btw 188 to 195 Liberia Dollar.
A 25kg bag of imported rice is 17-18 USD.
50kg is 34-35 USD
A mature frozen chicken is 500 - 550 LRD
12.5kg of gas is filled at 25USD

1USD is 10-11 Cedis in Ghana.

Dollarisation of Nigeria's economy is spearheaded by Nigerian politicians in connivance with the banking sector for their own interests.

Tolumiide:
I'm waiting for Al-Jazeera to broadcast it

Please, share the link here when they do.

Jonathan:

Man down
Wife down
Children down, all in a snap.

They rate at which aircrafts are crashing in the US lately is alarming.


All the wealth, millions of dollars left behind will now be inherited by family members who contributed nothing to his life.

LIFE!

Somebody said 70 per cent of what humans struggle/hustle/jostle/scheme to possess WILL BE POSSESSED/INHERITED/CLAIMED/UTILISED BY OTHERS. Na 30 per cent be the person own.

The conclusion of the whole matter. Fear God. Live a life of doing good. Settle your eternity here.

May the souls of the dead rest in peace.

G00dharddick:
APC is the most useless party ever to rule Nigeria.

Tinubu is the worst president Nigeria has ever had. SW people are suffering from hunger. I can't believe Tinubu was the only man they could present in the last elections

They refused to pick OSINBAJO