NewStats: 3,261,657 , 8,174,658 topics. Date: Thursday, 29 May 2025 at 11:46 PM 724u4e

Stop the masturbation please.

That's FOX news showing your very fake news media gang how to be unbiased.

Case closed.

alezzy13:
You know Trump and the Republicans must have reached an unprecedented low when Fox, YES FOX!! starts praising Obama.

kkikikikikikikikikikiki


https://www.youtube.com/watch?v=bzVXsPw3Xb0

Go back to 2015 archive. You guys made this same speculative argument alongside the govt. until things got out of control and forced the partial devaluation dramatically. Now you guys are about to repeat the same circle again. Never stable.

So, kudos. I'm not intetrested in your argument.

All I know is that the market rarely gives a hoot.

hero2000:


Please answer this simple question:

The countries you mentioned-China and South Korea are they import dependent as we are at this moment?

Your answer will determine my next response.

[s]

aribisala0:
Discuss ? You and who?

Stop talking rubbish please. Just find your coevals and go play with them. Stop quoting me,you are empty and totally devoid of sense

[/s]

Are you now begining to see why industrialization has remained such a huge mirage in Nigeria?

dumodust:

Interesting... which means we are leaving in lala land with this dollar pumping manoeuvres. Just like throwing cash around and borrowing money behind the scenes. The government belongs to us all in the end so they might as well send a supplementary budget to assembly rather than handing physical cash like floyd mayweather over to bdcs and banks and borrowing with an interest rate. My personal thoughts and opinion o

I thought you wanted to discuss?

The government never accepted that they devalued the Naira? Did they? They claimed it was a float, yet they pegged it. So WHY exactly are you suprised that there was no influx of FDI?

aribisala0:



What do you mean by official devaluation? Can you please stop ridiculing yourself. Currency prices change EVERYDAY. The prices of other currencies change everyday and so there is a CHANGE DAILY.
So how do we know there is a so called official devaluation? Was there an official devaluation in the price of oil. Do we have official devaluations in the price of cement?.
The the Official rate is the CBN rate and this has changed in the laast two years since Buhari cae to power and even now it is not the same each week
We have devalued by more than 100% in 2 years and by more than 50000% percent in 33 years it changes nothing. If devaluation was so effective all countries would be devaluing daily. STOP

As per your bolded part, there was never any official devaluation. And the so called floating method was a hoax. The Naira had always been both pegged and erratically manipulated since 2015. And that's why there were no FDI despite the huge depreciation of Naira. The market was simply unreliable. And foreign investors are not fools. They see through empty propagandas.

Back to topic...

Thousands of Americans, for example, (including teenagers) outsource their branded product manufacturing to China, and have the finished goods shipped back to them so they now retail or distribute it either locally or globally - all done without leaving the US. Many people are doing the same thing from around the world.

In fact, there are few Nigerians who live in Nigeria but yet have their products manufactured in China and sold in the US or Europe without (the product) touching Nigeria.

So what I am saying is that this is 2017.

We should stop thinking as if we are still in 1917.

Nigeria does not necessarily need to export alternative comodities (but we should, if we can) as it were. Thus we only need to have low cost of labor (with devaluation) and improved infrastructure (with foregn reserve, loans, etc). Once that's done many foregners will come here to manufacture their products in order to gain competitive advantage both in their home country and in the global market.

This will create lots of jobs and enterpreneurial opportunities as well as direct influx of forex.

Above all, it will greatly help to improve the patronage rate of locally made products. Nigeria is a huge domestic market. I think we should FIRST think of self sufficiency rather than obssesing over the illussion of export.

aribisala0:

I am not really sure what your point is I am not suggesting pegging the Naira.
As far as devaluation goes that is only meaningful when you have something with added value to export.Nigeria exports mainly commodities and that has NOTHING to do with our exchange rate.

So I don't know what product it is we have that would become more attractive with devaluation.
Devaluation of itself cannot make a country more productive if it was that easy why is not every country doing it . It is a silly and childish idea if not properly contextualized. World trade does not operate in a vacuum. Actions trigger reactions and so on.
Rather that talk about textbook stuff talk reality.
MENTION ONE product or INDUSTRY that devaluation would help in the NEXT 12 months.

In case you travelled somewhere and have not returned.
Nigeria's currency devalued alrady by MORE THAN 100 % in under 2 YEARS since 2015
What is it that we are now exporting more of and what impact will that have overall. Tell us how muchh FDI this over 100% has brought? The reality is it has dropped MASSIVELY

You forget that for a country that manufactures nothing or next to nothing devaluation means increased prices of imports and therefore massive inflation such as we have already seen .Devaluation is good for China because they manufacture virtually everything and virtually everything they export is a VALUE ADDED product.
i.e Exportation of goods = Importation of Jobs

It had always been MUCH cheaper for Nigerians to import high quality products than to produce it locally.

Devaluation will at least increase FDI - that's foreign direct investment (as it's been doing in China) - if the government would man up and divert our foreign reserve to MASSIVE infastructural reform and development. Specifically, there should be MASSIVE emphasis on transportation, communication, power and secutity.

Thus I think the idea of defending the Naira now is plain madness.

In fact, are you aware that Naira is currently stronger than South Korean Won? Google it.

Just $1 is worth more 1000 Won.

But can you compare South Korean economy to that of Nigeria?

No way!

Since 2013 South Korean economy has been worth more than $1trillion. And that's not minding the fact that they are much less than us in population. They even own Samsung and a number of other global brands, but we have none. Yet, our Nairra is stronger than their Won.

Is that not madness?

Those who critisize devaluation simply don't understand the power of globalization.

In fact devaluation is one trick China is using to remain ahead of competition.

In fact Trump has been threatening to force China to STOP devaluing the Yuan but instead allow it to appreciate against the Dollar IN ORDER TO MAKE AMERICAN PRODICTS MORE COMPETITIVE.

So, in the final analysis, pegging the Naira at this moment is such a huge bad idea.

But I know this govt. is doing it just to curry public sympathy. They have lost all the good will they once had.

aribisala0:
What nonsense is this one saying. What is the nexus between devaluation and productivity.

Productivity comes down to
Human Capital( The quality of your people e.g How many Dangotes, Bill Gates and such like do you have in your premiership. In your second division how many Richar Bransons and Donald Trumps do you have and so on). In of your workforce how skilled are they. All you need to do is look at the picture of your ministers inspectingg theiir so called projects.The Engineers are always Oyinbo ,that should tell you what you need to know about your people. It is the quality of your people that determines whether you have containers and trucks falling off bridges or not . It is that which determines responses to accidents and disaster and whic facilitates long term planning

Energy utilization. In simple electricity production and use. There is a very direct correlation between this and the wealth or productivity of nations

Infrastructure. Particular Rail and roads facilitates the efficient distribution of goods and services

Rule of Law and due process allows investor to plan and removes capricious arbitrariness like the CG of Customs waking up one day and deciding all cars everywhere ust pay duty

These are the thing that bring about productivity. If it was devaluation how come after 50000%( yes you read that right) devaluation in 33 years we are no ore productive now that during Buhari's first tenure

To who? When? You are really very funny.

isher:


This is a BIG lie.
GEJ allocated oil blocs. Also if he had been planning all these resource control, why did he not do it openly ?. Why did he not tell us during the elections?
You guys are always amateurish. The new oil blocs bidding is going to divorce host communities from state governments in of participation. The FG would probably own just 45% of the t ventures.
The days of powerful state governments are over. Rice host communities are coming.

This new round of empty talks is about the new oil block deals about to be shared. The old licenses have expired, so the oil wells are about to be shared again.

This is actually the reason GEJ was conspired against and pushed away in 2015.

HE DID NOT ALLOCATE EVEN A SINGLE OIL WELL TO ANYONE ALL THROUGH HIS PRESIDENCY. And he was BENT ON IMPLEMENTING THE CONFAB REPORT AND SECURING RESOURCE CONTROL FOR THE NIGER DELTA and all other regions.

But the APC hawks and their lying demons ganged up, deceived Nigerians with empty lies and postponed GEJ's plan indefinitely.

Now they are back again with the same empty lies to deceive the Niger Delta in order to share their oil wells for another decade or more. And yet, the fools will fall for the deception.

Mynd44, please, enough of this nonsense already!

You really have to be a raving arrogant man to assume that an "olantunji" should have a say in igbo discourse, let alone having the effrontry to chastise even the least of Igbos. You are simply disgusting.

maclatunji:


The article does not indict all Igbos, read and comprehend.

Thought as much.

LordReed:


Yes I did. Really interesting answers.

Dude that link is FAKE. It's not even online as we speak.

Lucasbalo:
Buddy, Russiagate is loading. It's gonna get worse from here. Manafort is going to spit like we say in Chicago . Americans don't take a fall for no one not even an egocentric and incompetent President .

You are probably an employee, or self-employed at best. You probably have never had to move selfish, wicked and greedy folks to get shit done.

In business and politics you don't deal with "your children", you largely deal whit hostile and mean opponents who are driven by self-interest.

LordReed:


If you have to pull out a gun or weapon then it's no longer a negotiation. When you threaten someone with a capacity you have the ability to carry out you are not expecting the person to still attempt to get a deal for themselves, you are issuing a fait. Do this or else! This is no longer a negotiation. If you tell your child do this or I cane you, are expecting anything less than compliance?

Hold it, did you craete that thread on Reddit?

I hope you like the responses you are getting?

The one on The Apprentice is particularly genius, don't you think?

LordReed:


Threats and ultimatums are issued when negotiations are failing. They're not normally part of negotiations.

Here take a look at this:

https://www.reddit.com/r/AskTrumpers/comments/618r5t/what_do_you_think_is_trumps_greatest_business/

LordReed:


Threats and ultimatums are issued when negotiations are failing . They're not normally part of negotiations.

Here take a look at this:

https://www.reddit.com/r/AskTrumpers/comments/618r5t/what_do_you_think_is_trumps_greatest_business/

But not when it has FAILED

The essence of threats is to get the other party to make a compromise. That's part of negotiation.

He that holds the upper hand walks out on the table.

#negotiation101

Yes, threats and ultimatums are valid parts of negotiation.

But I guess your excuse is valid too.

LordReed:


I may not be a billionaire but even I know that you do not issue ultimatums when your negotiations have been successful.

That's how the present occupant of the position will soon be discarded too.

However, the person that put it on trash has zero sense of value. I guarantee that such an official item would sell for millions (if not billions) in say, 50 years from now. But this is Nigeria where people do not reason.

If you do that twice in my house I will simply send you parking.

Why get married when you cannot uphold the sacredness of matrimony?

TRUST is everything in marriage dear. Stop wasting yours, rather rack it up.

Dyt:
I add money too
And I think one out of 3 women do that or most have done it


The only thing I condemn is her being rude to you
But then how did you approach her

There's always a man involved when a woman goes crazy

Awesome development.

Den of Incompeyency.

Terrified?

Probably.

But how about walking past the scene so casually, hand on phone, without even looking or showing any kind of emphaty to the victim?

That's grossly insensitive.

If I were in her position I would at LEAST be sensitive enough to turn back or stop and find an alternative route to avoid walking cassually across the scene.

And in case you don't understand what I'm talking about, just take a look at this:

https://nairaland.unblockandhide.com/3699614/british-reporter-gets-emotional-country

Wow, facially they look so much like sibillings.

Since when? I wish you realize how dumb this kind of statements sound when spewed from your mouth.

Abagworo:


Chino I'm equally a Rivers man and I'm telling you the truth. Rivers people are not part of Biafra in mind and spirit.

The OP is not making any valid point.

All I saw in his post was a heart full of derogatory steriotypes against Biafra in general and Nd'igbo in particular. Did you notice how difficult it was for him to identify as an Igbo person? He prefered to be called "Delta-Ibo"

That shows you how shallow the dude is. Well, it's not entirely hard to understsnd since his father probably grew up as a "Bendel-Ibo". But now that Bendel no longer exist, I would presume that his dad's identity is lost forever going by his dumb logic (although my hunch tells me that the OP's father is not of igbo descent).

Truth is that I don't take these pawns serious anymore. Someone who cannot solve his identity crisis is hugely deluded if he thinks his opinion counts in a national discourse.

He should go to PH and stop IPOB from carrying out their operations if he thinks his twisted opinion is valid.

blues2022:

I am a core Igbo defender on this forum. The points you raised may not be entirely correct in regards to the OP. I'm an irer of IPOB , because their agitation is creating an awakening among Igbos never seen before. Nevertheless, IPOB need to redefine their objective and become more tactful.... a lot to say on these issues......
the need to welcome divergent view is necessary. IPOB FB page is a no go area. I once was barred from that group as a result of my opinion. We have lots IPOB on this forum, so by seeing these comments coming from concerned Igbo son, I believe they can take home one or two things that need to be modified.

I seriously do not understand why an old man like you should have so much disregard for honour. You derive much pleasure from telling bare faced lies as though you are not aware of kama. Are you not thinking about the grave at your age?

[s]

Abagworo:
IPOB is just a destabilizing strategy employed by PDP to create chaos for Buhari Government. Some of these young men risking their lives and dying for nothing were brainwashed by the lies and propaganda of radio biafra. One cannot engage in meaningful discussion with these people as they seem mentally deranged and accept whatever illogical nonsense from radio biagra as the truth. Rumuokwurusi boys killed 2 of them during their last protest which the security agencies helped avert bloody clash only for the radio biagra to lie that it was security agents that killed them. Anyone in doubt should visit Rumuokwurusi hoods and hear the boys boast openly about it. Rivers is not interested in biagra. Even though there exists pockets of their ers an overwhelming majority is committed to one Nigeria or Niger Delta autonomy.

[/s]

*Edit

Well, I would have normally ignored the ignoramuses who mess on my mention. But just to be clear, what you guys are celeberating now is plain madness.

The injection of forex into the market was the norm until this govt. came in and messed it up with propaganda. Then foreign reserve was a bit higher than what it is now. FDI was high. And crude out put was at max capacity. APC used propaganda and dumb policies to destroy all three and created forex scarcity.

Now they are merely using reverse propaganda to enthrone the same idea they dethroned earlier out of sheer stupidity.

And although they have not returned the forex rates where they met them (talk less of making them cheaper as they hyped) yet some morons are here celeberating nonsense.

Anyway, by the time their flex stops (since they are relying on forces they cannot control) I hope you lots will still have guts to jump upandan. Bunch of jokers, celeberating incompetence.

_______
That's their only stock in trade. How else do you expect them to survive?

They have tried all they could - brutal force, pegging, threat - none worked. Now they are reverting back to their area of expertise - propaganda.

They want to sustain the Naira with propaganda.

Unfortunately, the market force gives no f^&%$

SalamRushdie:
Even when it was 160 they didnt panick so please stop all this nonsense propaganda

Okay, good night.

Lucasbalo:
I am not the only one talking about the scam he was running as a University. It was a big deal during the election and the case died down when he paid $25 million. If someone promise you a car and take your money and you didn't get the car promised, what's that? Go and sleep it's after 11pm in Nigeria now. I am leaving my office now in Downtown Chicago and I am looking at Mr Scam Trump Tower with barricades all over to screen people protesting our president.

And what do you think I was talking about when I mentioned he has a "high sense of value" and the ability to "monetize the American brand for all Americans"?

Lucasbalo:
No, the purpose of N/Y AG is to force him to close the Fake, Unaccredited Tramp University. You are a smart guy, ask yourself why would he starts a University that doesn't have a class or accredited?. He did that because he's a scammer and he's greedy. He doesn't need the money. Let me tell you another thing about trump, 60% of those buildings bearing his name is not owned by him. The owners of the buildings just give him money so they can use his name. I doubt if you know that.

See Lucas, it's plain stupid to call Trump a criminal when no court has ever tried let alone convicting him for a crime. Whatever your personal is your view of beef about his business models is immaterial. Trump is neither a scammer nor a criminal, but a billionare. Get usee to that please.

Or haven't you noticed that you are the only one peddling that university scam nonsense here? Do you really believe that no one else knew about the case?

Lucasbalo:
Someone wrote the The Art of The Deal for trump and the guy was all over the news channels during the election berating trump for his ego. Do you truly believe most of these guys write those books they put their names on ?. Trump attention span doesn't go beyond 15 minutes and you expect him to write a book of that magnitude.

So you are saying that the NY Attorney aided CRIME? Or are you not aware that criminal cases are usually between the accused and the state and NOT between the accused and the victim?

Lucasbalo:
It is the preference of The State of New York Attorney General that he should be sued civily because there's no personal injury. The other litigants that sued Trump I guess just want their money back hence he paid $25 million. Why would a stingy in unphilanthropic billionaire part with that much money ? . Because he knew himself that he scammed all those people.