₦airaland Forum

I don't follow his social media pages.
Does Mr Peter do money giveaways to his fans?

If things were so good back in 2015 why was his administration sacked by the majority of voters? Why has he been out of a job for all this time, and living off of his wife's salary as a school teacher in California?
And I checked, his book is no longer a best seller on Amazon.

I noticed this Obaseki character has big verbal wars with ppl instead of stating the progress of Edo under his leadership. First it was Oshiomhole and now his focus is on Emefiele.

Good to see Oga Adams has gone very quiet these days and is enjoying high quality home life .

"States’ Cash Cruch:"

Illiteracy on display or lack of quality control?

owbabs:
Can someone tell me which land Lagos has for agriculture. Are they planning on vertical farming?

"… Governor Urges S’West States To Collaborate With Lagos"

you're very welcome. we know some are too busy to read the op.

butterfly777:
How will you deal with herdsmen that may destroy people's crops?

the hired thugs of the u.k. p-orn star that he has posing as herdsmen no have reach in Lagos. plus dem are busy right now burning/destroying police stations and breaking dere kinsmen out of prison in anoda region of the country.

I found this Reuters report interesting.

Reuters
EXPLAINER-Why Nigeria's central bank won't ease its grip on the naira

Chijioke Ohuocha
March 29, 2021

By Chijioke Ohuocha

ABUJA, March 29 (Reuters) - Nigeria is keeping control of its naira currency despite demands for deeper reforms from the International Monetary Fund and World Bank and complaints from businesses.

The multilateral institutions say a free-floating naira would help the economy withstand future shocks. But Nigerian authorities fear inflation stemming from a sharp devaluation could throw millions into poverty.

Last week, central bank governor Godwin Emefiele denied the country was adopting a new foreign exchange management policy, while vice president Yemi Osinbajo said the government would itself use a more flexible rate.

What is happening to the naira, and why? Here are some key facts about Nigeria's currency and recent monetary policies:

WHAT'S PRESSURING THE NAIRA?

The COVID-19 pandemic and oil price crash hammered Africa's largest economy, 90% of whose foreign exchange earnings come from oil exports, pushing it into its second recession in four years.

It narrowly exited the recession in the fourth quarter, but the drop in oil revenues led to a balance of payments deficit of $14 billion last year and has depleted its foreign reserves.

WHAT'S AT STAKE?

The government of President Muhammadu Buhari, who took office in 2015, has kept the currency artificially high as a matter of national pride.

During the last oil price crash, in 2016, the Nigerian central bank created a system of multiple exchange rates in order to avoid a large official devaluation. These included a market-determined rate for investors and exporters called the Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX).

Faced with a 5.6 trillion naira ($15 billion) budget deficit this year, the government is seeking a $1.5 billion loan from the World Bank. But in return, the World Bank wants Nigeria to do more to bring the official exchange rate of 381 naira per dollar and other rates, including NAFEX, into line.

WHAT HAS THE CENTRAL BANK DONE SO FAR?

Nigeria's central bank devalued the naira's official rate twice last year and has weakened the exchange rate for retail users.

The bank has continued to gradually adjust the currency since the devaluations, limiting dollar access for imports and implementing restrictive forex policies to support the naira.

After oil prices crashed in 2014-16, Nigeria raised interest rates to attract investors. But when crude prices plunged last year and foreign money fled, the central bank reduced yields on treasury bills in order to boost naira liquidity.

HOW HAS THE NAIRA POLICY AFFECTED INVESTMENT?

The naira's value and issues with dollar liquidity are major deterrents to business and investment in Nigeria.

Twelve-month non-deliverable forward contracts quote the dollar at 465 naira, which implies the local currency is currently overvalued by around 18%. Patrick Curran, senior economist at emerging markets consultancy Tellimer, said that essentially guarantees a loss on investment when the currency is forced to adjust, unless returns exceed the overvaluation.

Nigeria's debt is among Africa's lowest-yielding, which the government is counting on as it seeks to cover this year's large financing needs via cheap local borrowing.

But historically low yields mean renewed inflows will be deterred even if the currency issues are resolved, said Samir Gadio, head of Africa strategy at Standard Chartered Bank. Foreign investors have dumped local assets because of the low yields.

WHAT NEXT?

The central bank has offered cheap credit to try to boost manufacturing and agriculture in order to cut imports. It has also eased rules on diaspora remittances to increase dollar liquidity, after the naira fell sharply on the black market.

Those measures have not boosted the economy so far, however, and Tellimer's Curran said the central bank has "effectively sacrificed growth at the altar of naira stability".

"This policy has failed to accomplish the stated goal of low and stable inflation, and instead has exacerbated price increases via FX shortages and parallel market depreciation," Curran added.

Without a significant oil price rebound, analysts say the cost of imports and of meeting offshore debt obligations will further deplete Nigeria's dollar reserves.

($1 = 380.70 naira)

(Reporting by Chijioke Ohuocha, graphics by Libby George; Editing by Alexis Akwagyiram, Joe Bavier and Catherine Evans)

https://www.reuters.com/article/us-nigeria-currency/explainer-why-nigerias-central-bank-wont-ease-its-grip-on-the-naira-idUSKBN2BL1MH

"Nigerians have been accumulating foreign currencies to protect their wealth from naira volatility and surging inflation, according to a research paper in a journal published by the Central Bank of Nigeria."

I searched but couldn't locate this research paper that Bloomberg failed to link or reference in the article. Sharp readers, help pls.

https://www.cbn.gov.ng/Documents/PressReleases.asp

https://www.cbn.gov.ng/Documents/monthlyecoreports.asp#_

"The sooner he is dropped from President Buhari's cabinet like a hot potatoe and brought to justice the better. The world is watching.

(FFK)"

Where are the NL grammar police/spell checkers? Mr. former Aviation minister neglected to spellcheck his rant.

"potatoe

English
Noun
potatoe (plural potatoes)

Obsolete spelling of potato "

Some are exceptionally blessed in this lifetime while many others have to worry about obtaining dey daily bread, and the prices of rice, tomatoes, and onions in the marketplace. Pray hard and ask God why him leave u out.

How's that for corruption?

Italian hospital employee accused of skipping work for 15 years

A hospital employee in Italy has been accused of skipping work on full pay for 15 years, local media report.

The man is alleged to have stopped turning up to work at the Ciaccio hospital in the city of Catanzaro, Calabria, in 2005.

He is now being investigated for fraud, extortion and abuse of office, Italian news agency Ansa reports.

He was reportedly paid €538,000 (£464,000) in total over the years he is thought not to have been working.

Six managers at the hospital are also being investigated in connection with the alleged absenteeism.

The arrests are the result of a lengthy police investigation into absenteeism and suspected fraud in the Italian public sector.

The employee was a civil servant, and was assigned to a job in the hospital in 2005. It was at this point he stopped going into work, the police said.

The police have also accused him of threatening his manager to stop her from filing a disciplinary report against him.

That manager later retired, police added, and his ongoing absence was never noticed by her successor or human resources.

https://www.bbc.com/news/world-europe-56822571

I re-read the op and no mention of the progress of the Hon. GEJ and PMB projects. Thank God for the contributions of Nairalanders posting progress in the country.

Second Niger Bridge Nears Completion (pics) - Politics - Nairaland
https://www.nairaland.com/6307908/second-niger-bridge-nears-completion

Aerial View Of The 2nd Niger Bridge (Drone Photos)

https://www.nairaland.com/5335112/aerial-view-2nd-niger-bridge


Pictures From The Construction Of Second Niger Bridge
https://www.nairaland.com/5589902/pictures-construction-second-niger-bridge

Pictures Of The Lagos-Abeokuta-Ibadan Railway
https://www.nairaland.com/6312411/pictures-railway

Wole Soyinka Enjoying The Lagos-Ibadan Railway. PICS

https://www.nairaland.com/6336401/wole-soyinka-enjoying-lagos-ibadan-railway

@Aladesohun Sola .... Please run for political office sef. With your robust command of grammar and knowledge of all the problems facing the country makes you a prime candidate to enter the political arena and force positive change for the masses.
Good luck in advance with your future campaign and winning an electoral contest.

In other words, more action and less talk and public complaining like a nagging female or clucking hen.

no comment

Rita Edochie responds to those asking her to show mercy after she vowed never to forgive Ada Jesus for the allegations she made against her and Prophet Odumejeje

https://skynewsngr.com/rita-edochie-responds-to-those-asking-her-to-show-mercy-after-she-vowed-never-to-forgive-ada-jesus-for-the-allegations-she-made-against-her-and-prophet-odumejeje-video/

EmekaA125:
EFCC has Obi's contact and they know how to find him. Peter Obi is an institution. He came joint winner of best performing governor in Nigeria with Gov Fashola organized by Silverbird Cinema in Lagos. Obi has nothing to fear about financial misappropriation when it's on record that he bequeathed #75B to his successor at the end of his 8year tenure in March 2014. Bring up another propaganda inugo.

gbam

good info @GuyWise101

Sincere congrats and blessings to our educated and motivated sister.

For those females thinking about taking the easy fast money way, Oloshoism is not the answer.

Next job, remove dem tingz on your head and allow ur beautiful sef and scalp to breathe fresh air and receive sunlight.

zoeA:
Solution: Port to APC

Pls, this NL section is for informed grownups.

And bigots, tribalists, and secessionists.

See dem use large $ amounts and in addition to ₦ in the investigation? Greed no be small for this politician sha. They say OBJ and his former VP's alleged looting amounts make Yari look like a small boy pauper.

Many on this platform wishing him rip are not aware of his history.

DUKE OF EDINBURGH
Prince Philip: a patriot with Nazis in the family and German connections
While the duke’s allegiances were never in doubt, a photograph taken in the 1930s revealed some surprising connections

https://www.thetimes.co.uk/article/prince-philip-a-patriot-with-nazis-in-the-family-and-german-connections-n7dtl669s

At first sight it looks like any other of the thousands of photographs from the Nazi era. Granite-faced figures in Nazi uniform process along a street while a small crowd gives a salute. But there is one incongruous member of the procession: alongside a man in SS regalia walks a blond boy of 16 in civilian dress. It is the young Prince Philip.

Philip’s Nazi connections remained hushed up until recently: the photo had never been published in Britain until it appeared in Royals and the Reich, a 2006 book by the American historian Jonathan Petropoulos.

Pretty woman stop that mumu feminism talk and bow down in submission to your oga John Jr.


“In this part of the world, people believe a man is behind the success of a woman, whether she is married or single. I work hard for everything I own today. When people say a man is behind these things, I find it appalling. However, it does not get to me anymore because what else would one say? It only shows that my success is visible.”

14 facts about Big Brother Franchise
"1. Johannes Hendrikus Hubert “John” de Mol Jr, is a Dutch media tycoon and television producer. In 1997, he founded the highly popular reality television series Big Brother with his eponymous production company called John de Mol Produkties. He also founded The Voice, the new reality competition series in 2010."

https://thenationonlineng.net/14-facts-about-big-brother-franchise-2/

https://en.wikipedia.org/wiki/John_de_Mol_Jr.

"Johannes Hendrikus Hubert "John" de Mol Jr. (born 24 April 1955) is a Dutch media tycoon television producer and billionaire. De Mol is one of the men behind production companies Endemol and Talpa and is worth about US$ 2.3 billion. He is known for being the creator of several major reality show formats including Big Brother, Fear Factor and The Voice."

thebosstrevor1:
Since Endsars, banditry and those inciting violence, life have been difficult for the average Nigerians.

The Endsars protest started everything in the south, it brought about different security issues which affected traders and wholesalers plus the supply chain, these people have to recoup investments by doubling the prices of foodstuffs

Banditry and bokoharam in the north are affecting farmers and food supply.

Those inciting violence on a particular tribe through the media created food embargo which also led to increase in the prices of food in the south.

Do you know that only the south are experiencing 1000% increase in the price of foodstuff?

In the north food are still very cheap

Chai, its good to live in the north ooh....you go chop and chop tire

Persin wey dey chop for where food plenty no dey think about Buhari, economic policies or systematic failure like those people for south wey sabi speak big big English with hunger.

GBAM, many are too cute or think they are above farming or herding their own food for sustenance or profitable trading. they hate northerners but won't refuse a bowl of egusi soup cooked with northern cow meat, suya, or cow foot. but when bbnaija2021 comes on all their energies will be glued to the debauchery.

Trailer Loaded With Goats And Other Livestock Looted By Hoodlums (Video) - Crime - Nairaland
Nairaland Forum / Nairaland / General / Crime / Trailer Loaded With Goats And Other Livestock Looted By Hoodlums (Video) (65828 Views)

https://www.nairaland.com/6198529/trailer-loaded-goats-other-livestock

ezenwajosh:
I only see two people who's living off the suffering, sweat and blood of Afrikaans in west afrika....

The pain of over 200million Afrikaans in nigeria alone

Never liked them....will never


Neither will he rest in peace....my generation and my childrens are going through pain so you both and your country men can be living off good lifes.

true talk. hard to believe so many ppl are brainwashed to still love the colonial masters.

meanwhile the 9ja poverty stricken can't climb out of dem holes of despair and desperation.

"it Is Really Bad": Nigerians Go Hungry As Food Inflation Soars by GodHatesBigots: 2:45pm

https://www.nairaland.com/6511069/it-really-bad-nigerians-go

Evening newspaper noise.

"In the March 2015 presidential and senate elections, Gov Aliyu failed in his senate race against David Umaru of the All Progressives Congress, who obtained 149,443 as against 46,459 votes for the governor. On April 11, 2015, he failed to win in his own polling unit in governorship and state assembly elections in polling unit 006 where Aliyu's PDP only obtained 100 votes against 361 votes for Kofar Danjuma Mainadi of the APC."

Mr Senator no understand that he is part of the federal government? It amazes me some of these political party decampers don't know the difference between government and executive administration.

Anyway, he as a checkered history.

Nigeria senator Ali Ndume 'linked to Boko Haram'
Published 22 November 2011

https://www.bbc.com/news/world-africa-15829203

LikeAking:
A Nigerian dude created a stove that can generate electricity to charge phones while cooking. It converts heat energy to power.

They can covert the heat generated by their firewood to real electricity.

FG no go se this dude.

FG must do the right thing.

Uganda Babe. GEJ bought a few bought they were looted.

ROSE TWINE THE INNOVATOR & INVENTOR OF ECO STOVE


https://www.youtube.com/watch?v=KQwaJKmx7_0

Rose Twine has invented a product not only made in Uganda but also a product which will solve many problems that are associated with cooking in many countries in Africa. Cooking is done by women in Africa, for many centuries women have collected wood in all sorts of weather conditions not to mention the weight they carry on their heads while carrying young children on their backs. The Eco Stove powered by solar energy addresses these problems. The Eco Stove is affordable and available right now

Rose Twine: Founder and Innovator of the Eco Stove

https://www.nunnovation.com/2018/04/11/rose-twine-founder-innovator-eco-stove/

greymiles:
See how people are commenting as if BUA is a messiah

Bigotry is deep rooted in many minds and souls.

Grow your own food, raise your own. Food inflation problems solved. Community or compound gardens are almost non existent in Naija cities. No excuse for rural/village areas.
Wondering why many Northerners always seem to have an over abundance of food and livestock to ship around the country? And nevermind about criminals hijacking food trucks traveling to the south to do a honest trade

Mr. Gov should be focusing his time and energies on improving the lives of the ppl in Edo. All this hot mouth allegations about the FG is a ruse.

Goodness34:
it hurts and feel very bad to be turned down after so many interviews.

I feel like I offended the gods, I feel low bad and it's making me lose confidence.

business is my line of work that I will prosper with but you know getting the capital is not easy unless you get a job and work for few years. but this rejection is too much it's giving me depression. how do you deal with it ?

here's some time tested tips. humble yourself and ask for the job. tell the interviewer or company owner that you really want to be part of the organization/team and help it grow and be profitable. also, smile, your charisma (buy or borrow) some if its not innate. and use enthusiasm. also prep before the interview and know as much about the company as possible. and wear your Sunday best clothes and polish/shine shoes!

and above all pray for the job and use your sub-conscious mind!

The Power Of Your Subconscious Mind ( Full Audiobook


https://www.youtube.com/watch?v=MknnWcZQO6A

lolz, its Bahari's fault/this country is finished gang no see this thread.

A very incomplete report but I hope the police caught the kidnappers.