₦airaland Forum

Israel is a Terrorist state

Nobody should support them due to religion

when they drop bombs in beirut they kill christians, shiites, sunnis, druzes, atheists etc, bombs do not make a distinction

It is pure terrorism

The Isreal lacks a respect for international law and trashing resolution and resolution of the UN

This has gone on for too long and Gaza is now a victim of Genocide from Israel

In my opinion Israel should be kicked out of UN and imposed an economic and millitary embargo

which branch of NULGE be this again? i thought they were pushing for LG autonomy, now they want to handcuff LG chairemen, civil servants want to dictate to elected politicians (policy makers) how to spend budget,


this kind of nonesense you only hear in the zoo called Nigeria

if you think Federal Governement is corrupt wait until you see LG chairmen, when you make a poor man LG chairman, he will first build house, marry wife and steal more before paying primary sch teachers.

This is the return to the era of strike in primary sch system

also the return of bloody local politics and local champions, structure now matters even more not at state capital level but local

Nigeria is a zoo bound to fail due to its useless constitution, the return of power to LG Chairmen will prove this to every boday

Make dem catch this bello and put am for black maria and throw away the key

a big thief hiding to escape justice

after impoversihing people and stealing the kogi people common wealth

see him bald head, they should remove that his cap before they put am for black maria to show his bald head wey he dey hide

he should vomit all the money he stole and go to jail

thief

Evil zoo Government

Someone released water from a dam, a volume that allows to flood 80% of a city of over million people

This is a criminal offence

And nobody is arrested for this

Nigeria is a zoo

Evil zoo Government

Someone released water from a dam, a volume that allows to flood 80% of a city of over million people

This is a criminal offence

And nobody is arrested for this

Nigeria is a zoo

Isreal and Genocide

No respect for international law

Bullying Africans

And fools will still be supporting Isreal because of white man religion that white man brought to black man but White man no dey go church again

Nigeria na real zoo

zoo people are foolish, they will gobble this propaganda and go back to suffering


Dollar should be hitting 2k5 naira soon based on the inflation and money printing that has accompanied this fuel price increase

In saner climes when a government becomes clueless and doubles people suffering they resign in zoo called Nigeria they hold on to power in order to steal more

What is the solution?

- CBN needs to mop up excess naira liquidity
- NNPC needs to use crude swaps with Dangote to refine petroleum (250,000bpd) and sell at a fixed price to all marketers (price should be ex cost with no subsidy)
- People's salary need to go up to match the price increases
- Government, Presidency, MDA, Senate, HOR, State govt expenses needs to be reduced by 60%

ah

I had no idea of this beef

A bit dissapointed in both Jarus and Seun Osewa

NIgeria has bigger problems, people who should be helping to solve them are either going on Japa or clapping back on twitter

I once remember going to a seminar organized by Jarus in Lekki

And Nairaland has been a valuable resource to me and millions of others for many years

How does this thread help people's lives?

Every body don dey wail

Even Athieffku

Make no mistake Thiefnibiiu is a big ekperima, a pure kleptocrat, a big thief and ole onye oshi , just like he arrogated Lagos to himself since 1999 he will sell Nigeria finished (to Himself for free) before 2027, he don sell NNPC already to Himself

How much did OVH pay for NNPC assets?

But will Athieffku be better? Or he is wailing because he dey watch from the sidelines as the national cake is shared without his share

What did Athieffku do when he was chairman National council on privatisation as vice president, which national assets did he sell? What about Danjuma, how did he get an oil bloc? And Mrs Folashade the Tailor how is she the richest woman ? All theft,

Remember he is very good friends with thiefnibiu, they know each other very well, see who was ACN presidential candidate in 2007

Nigeria has no hope, that's why it's a zoo, I expect the next government to cancel all these Thiefnibiu shady deals and to see the court cases that will follow, just like OPL 245, Zhongshan etc all deals designed to defraud the zoo

Nigeria is a zoo and nothing anyone can do about it, not even it's baboon citizens

this guy stole 80bn

and the efcc cannot offer 10mn or 100mn bounty for him

Nigeria is really a zoo

Go to kogi and see how people are living after all the money for them were stolen

FG needs to match fuel prices with people's revenue, i.e engage Dangote in swap contracts crude for refined PMS

Start and Open market operation to reduce naira liquidity massively

Create a supplementary budget that is supply side and drains all wasteful expenditure by Nat Assembly, Ministry Agency etc and to redirect allsuch monies to create jobs massively in agriculture and industry in the immediate short term, 6months at most

A lot of it will look like emefiele policies

In one year this man go empty the Treasury

make una dey watch am closely, na big criminal

look at the exchange rate 1600, minimum wage should be 180,000 just on a historical exchange rate weighted basis, since minimum wage was 18,000 when exchange rate was 160

Anything less is usual APC method to impoverish people and win elections using poverty as a tool

Make una watch this man o, he is a big theirf, he don acquire half of lagos

Thiefnibui na failure

Just shouting Jagaba Jagaba, Mandate Mandate, looking for the next billion to steal, the next estate to acquire, a big thief

How to run economy, nothing

Just empty headed

A bunch of criminals claiming to run a country

Look at the minimum wage,

before: Dollar exchange rate 160, minimum wage 18,000

it follows that

now: Dollar exchange rate 1600, minimum wage 180,000

But these clowns are there to keep people poor and impoverish the middle class

Next election they will give you 1000 and 1kg of rice and you will vote them again because na your tribe and your religion

Nigeria is a real zoo

Fraud

Stop impoverishing people

The exchange rate used to be 160 at minimum wage 18,000

Now exchange rate is 1,600 the minimum wage should be 180,000

Anything less is Fraud, this is another attempt by Criminal APC, thiefnibiu and his gang to make people poorer

The criminals running the zoo fed govt moved exchange rate to 1600 but refused to pay 100-200k in wages to workers

Next election you will collect 1000 and vote for your brother in tribe and religion and keep suffering

The biggest source of Inflation in Nigeria is the Fed Govt who is borrowing via FGN Bonds, Porfolio "Investors" and crowding out the private sector investement in production and distribution of goods and services, the interest rate at 30% is due to these clowns, the borrowed money is shared as usual by politicians and the plebs stay poor

Keep your dollars, don't listen to this criminal govt led by chief ekperima himself theifnibiu, a big theif

This is what is needed to recover proceeds of crime from Nigerian politicians

Though i am against witch hunts, the law should be the same for everyone

Look at crook like Akpabio, senate president, criminal like kalu, senator, even gbaja that have been caught several times with hand inside the cookie jar appointing minister, not forgetting Tunde Sabiu and Buhari Cabal

Not even talking about thiefnibiu himself the chief ekperima

People should remember that power is transient, all these noise some people are making answering jagaba

what you steal today shall be forefeited to the state tommorow or wasted by your children ontop olosho

zoo people

With Olodo cbn governor, printing 20Trn to give Thiefnibiu and his gang of 40 thieves to build coastal highway of fraud while people cannot be paid a living wage to buy food and medicine

Look at crook like Akpabio, senate president, criminal like kalu, senator, even gbaja that have been caught several times, appointing mininster while thiefnibui sleep on duty

zoo people

Thiefnibiu have failed

Election will soon come again, all of you will collect 1000 and vote for more hunger and starvation for your brother in religion and tribe

ewu

Thiefnibu is a failure

Not a fan of wike

But he really did a lot of work in port Harcourt

I was there in 2022 it was completely different from 2012-2013

Really good for minister of works, should never be a governor or president

Nigeria truly doesn't deserve Peter Obi

Just like they didn't deserve Madam okonjo iweala, they ended up insulting and rubbishing her legacy and went back to suffering

The zoo people have crab mentality, they were born to suffer

They will rather vote based on tribe and religion than end their suffering

Na Thienibuu fit zoo Nigerians, nobody protest on empty stomach

They moment they become well fed they started fighting Johnathan

Okpoefi CBN

interest rate almost 27%

Toilet paper currency, how can jobs be created in such an economy if a factory should pay 27% cost of its construction in 1 year

This is how useless the CBN and zoo Nigeria govt led by a criminal called Thiefnibiyu is

Instead of the govt to reduce their spending and stop overcrowding real sector of the economy in the debt market, they prefer to retain their lavish corrupt lifestyle as Presidency, National and HOuse of Aseembly, Governors, Ministry, paraststal etc to print more naira, create more inflation and impoverish more people

Evil

Zoo government and propaganda

Say no to propaganda

How much dollar did you buy in your banking hall today?

How much dollar did your bank let you spend via visa or Mastercard online today

Stop propaganda

This people just pulled a forecast out of their ass and printed the rubbish


On a trade weighted basis the 1 USD should be trading at 7000 NGN in the next 18 months

Just to point at some erronous assumptions/conclusions from this report

You expect a tighter monetary policies

if the CBN tightens monetary policy more aggressively than we expect.”EIU stated in the report that following a sizable real-terms correction, naira’s outlook for 2025 was relatively stable, and might close at N1, 817 to the dollar in the review year.

You expect a rise in Debt to GDP and implicitly a huge rise in printed money supply (Fuel subsidy, Thiefinibiu and AKpabio budget padding, APC corruption, unproductive bloated civil servants and govt agency (minus health and education workers))

In addition, the report stated that an expected rise in formal borrowing would cause the public debt/GDP ratio to rise sharply in 2024-28. It predicted that a statutory 40 per cent ceiling would be breached by end of 2026, pushing public debt to GDP to 50.4 per cent by 2028, from less than 20 per cent in 2022.The report said, “We expect relatively large budget deficits as a consequence of Mr. Tinubu’s ‘fiscally active’ job creation and infrastructure spending agenda, as well as an implicit subsidy on petrol.“The 2024 budget includes a large increase in non-debt recurrent spending as high inflation necessitates higher public-sector salaries and cash transfers to poor households.”

but are modelling a drop in inflation to 11.7%

[b]The report forecasted inflation to average 30.3 per cent in 2024, from 24.7 per cent in 2023, reflecting the fact that petrol price increases in June 2023 will drop out of the year-on-year calculation from mid-2024, and prevent the rate from being even higher.It stated, “Assuming the naira stabilises, average inflation should fall to 20.7 per cent in 2025 and 11.7 per cent in 2028.“Inflation will, thus, remain well above the 6-9 per cent target range throughout the forecast period, owing to expected VAT rate increases, insecurity in agricultural regions (raising food prices), Nigeria’s infrastructure deficit, periodic monetisation of fiscal deficits, currency weakness, and a general inflation bias within economic policymaking. ”The report said following the recent hike in MPR by 400 basis points, to 22.75 per cent in February, and the cash reserve requirement by 1,200 basis points, “Another 100 basis points is likely to be added to the policy rate in 2024, assuming deficit monetisation continues and imported inflationary pressures remain strong.”It added, “The CBN has mentioned a switch to inflation targeting, but as this would rub up against government economic policy and given the CBN’s record of unorthodox policy, such a framework would have little credibility in anchoring inflation expectations.“The MPC attaches a large weight to economic growth, and policy will be subject to political interference.[/b]

How do you drop inflation when the goverment is printing money every year with a bloated budget to fund a criminal lifestyle through bpersistent devaluation. You do not account for the desinvestment occuring at the moment, where is the fiscal revenue going to come from

The report further predicted the country’s foreign exchange reserves to gradually rise over the forecast period, aided by a more market-driven exchange rate system and greater access to foreign borrowing.

How are the forex reserves going to rise with no investment? Either in the Oil and Gas or the manufacturing sector ? This report neither accounts for the FX forwards or the Oil and Gas forwards, these are the criminal contracts signed to steal future money from the Zoo Nigeria treasury

Olodo government

So to float FX they ban the trading venue not under government control

Tell me how price discovery occurs

You print NGN 30 Trillion out of think air and act surprised when people point out that naira should be trading at NGN7000 per USD on a money supply/ trade weighted basis

How can a porfolio investor trust to bring capital to such a country who insists on monopolizing FX supply

You can see the likes of Nestle, Dangote, BUA, MTN declaring massive FX losses

The next step is the massive retrenchments that usually follow such cost of finance losses, the Human resources are always used to pay for finance losses

when will this zoo government ever learn

With a big thief as President i'm not surprised

I am moving up my price target on NGN to 7000 in the next 18 months

Check my post i called USD/NGN at 2000 back when it was at 460

Thiefinibiu is a fool

The same with Kano government

Closing down and attacking businesses will lead to even more job losses and more poverty

Government has no business setting the price of goods and services, you cannot price what you don't produce, they have been unable to get the price of Naira vs Dollar right and they want to venture into consumer goods pricing

Idiots

Someone opens a business buy diesel pay workers pay all sorts of bribery to stay open deal with exchange rate and puts the goods in warehouse and these APC bastards and their evil supporters will come to lock it up in the name of hoarding

Why will I keep doing business or bring business to an evil country like that

If you cannot govern please resign

APC is evil and Thiefinibiu is a big theif

If you voted this evil APC government to power at any level may the evil you have placed poor and illiterate people in befall you and your family

Instead of to distribute the money received from abuja that had been double of what it was last year due to exchange rate differences this man pocket the allocation, bribe some imam and Bishop and declare prayer

Meanwhile the people are suffering from poverty and lack of information

Black man has been using poverty and illiteracy as a tool for enslavement

APC is evil, na foolish people wey vote these evil people into power due to tribalism and religion , they turn around now and queue for visa to japa

Instead of to distribute the money received from abuja that had been double of what it was last year due to exchange rate differences this man pocket the allocation, bribe some imam and Bishop and declare prayer

Meanwhile the people are suffering from poverty and lack of information

Black man has been using poverty and illiteracy as a tool for enslavement

APC is evil, na foolish people wey vote these evil people into power due to tribalism and religion , they turn around now and queue for visa to japa

Reduce Naira liquidity

This will further depress forex Inflows and further investment in the sector

They will sell cargoes to counterparties via foreign correspondent banks

Nigeria will not see 1 dollar in the transaction

You might as well expropriate IOCs, it's a more coherent policy

To confirm 5 new failures

Dollar is headed for 7k naira per dollar

Again it's simple mathematics

The CBN doesn't produce Dollar and cannot target the supply of dollars, they should be reducing the supply of naira

To get the exchange rate correct they need to do two things

1) mop up naira liquidity,the 28% inflation rate is a pointer to what interest rate, CRR rate and what the FG bonds should be trading at. FGN is still issuing bonds at 7% while running at 28% inflation, an insult to peoples intelligence and a disgrace to send emails with such a fraud

2) stop printing naira under any guise, ways and means etc

This indirectly implies reducing FGN expenditure by over 80%

Stop impoverishing people

APC is an evil party and Thiefinibiu is a big thief ekperima

Dollar is headed for 7k naira per dollar

Again it's simple mathematics

The CBN doesn't produce Dollar and cannot target the supply of dollars

To get the exchange rate correct they need to do two things

1) mop up naira liquidity,the 28% inflation rate is a pointer to what interest rate, CRR rate and what the FG bonds should be trading at. FGN is still issuing bonds at 7% while running at 28% inflation, an insult to peoples intelligence and a disgrace to send emails with such a fraud

2) stop printing naira under any guise, ways and means etc

This indirectly implies reducing FGN expenditure by over 80%

Stop impoverishing people

APC is an evil party and Thiefinibiu is a bit thief ekperima

Breeze don Blow

Some fowl Yansh don open

The other fowl claims now to be Tolo tolo