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Nairaland Forum / Nairaland / General / Politics / Buhari’s Corruption Watch Begins To Yield Results (46616 Views)
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Re: Buhari’s Corruption Watch Begins To Yield Results by Eden007(m): 10:50am On Jul 25, 2015 |
If I hear |
Re: Buhari’s Corruption Watch Begins To Yield Results by Stevez32(m): 10:50am On Jul 25, 2015 |
P |
Re: Buhari’s Corruption Watch Begins To Yield Results by kenedy175(m): 10:50am On Jul 25, 2015 |
[quote author=drolanight post=36252774][/quote] For gun |
Re: Buhari’s Corruption Watch Begins To Yield Results by stevebent(m): 10:51am On Jul 25, 2015 |
Good development ![]() |
Re: Buhari’s Corruption Watch Begins To Yield Results by Adamsdelrio(m): 10:52am On Jul 25, 2015 |
Anybody that says Buhari's government is not working should have a block tied to his chest and cast into the lagoon.. 2 Likes |
Re: Buhari’s Corruption Watch Begins To Yield Results by HiGod: 10:52am On Jul 25, 2015 |
Land for sale here in VGC Another 4 plot here in Asokoro/Maitama. |
Re: Buhari’s Corruption Watch Begins To Yield Results by anonimi: 10:52am On Jul 25, 2015 |
senier007: A manager who does not INVEST in new machinery, raw materials supply, human capital development etc but SIMPLY sits on revenue from PREVIOUS investments is only cultivating a time bomb. The Turn Around Maintenance paid for by Jonathan is bearing fruits as expected. kenedy175: Let Brainless Booboo ensure continuity of this good policy to avoid a repeat of his FAILED two years as military DICTATOR. www.nairaland.com/attachments/2095210_worst_jpeg588f192a23aa02a7b350a8bbe5d18306 www.nairaland.com/attachments/2191699_bc5fu8aevkci_jpeg7fd60ed9cdeded70e187b8a2c1fd9480 3 Likes 2 Shares |
Re: Buhari’s Corruption Watch Begins To Yield Results by BedLam: 10:52am On Jul 25, 2015 |
Sweetcollins:You no lee me? ![]() |
Re: Buhari’s Corruption Watch Begins To Yield Results by may0001: 10:52am On Jul 25, 2015 |
atlwireles:Change is Good. |
Re: Buhari’s Corruption Watch Begins To Yield Results by sulabu: 10:52am On Jul 25, 2015 |
We Ar Goin Dere |
Re: Buhari’s Corruption Watch Begins To Yield Results by shema101(f): 10:53am On Jul 25, 2015 |
OK, good to know. abeg I neva c light since yesterday. my soup go spoil o. i tot light shld b beta dix raining season na. 2 Likes 1 Share |
Re: Buhari’s Corruption Watch Begins To Yield Results by starklannister: 10:53am On Jul 25, 2015 |
Space bookers are liable to come back. |
Re: Buhari’s Corruption Watch Begins To Yield Results by neweraomo: 10:53am On Jul 25, 2015 |
Aii |
Re: Buhari’s Corruption Watch Begins To Yield Results by Maxtermind(m): 10:53am On Jul 25, 2015 |
Director of Radio biafra threatens Nigeria as a whole: https://www.youtube.com/watch?v=ShN78IljlC0?a via @YouTube |
Re: Buhari’s Corruption Watch Begins To Yield Results by maberry(m): 10:54am On Jul 25, 2015 |
And why is a dollar N240? Where are the pictures of the refineries working? And if they are working, who set the platform for it to work? APC and their lies! 2 Likes 1 Share |
Re: Buhari’s Corruption Watch Begins To Yield Results by presh2mos: 10:54am On Jul 25, 2015 |
Great start |
Re: Buhari’s Corruption Watch Begins To Yield Results by remiotega: 10:55am On Jul 25, 2015 |
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Re: Buhari’s Corruption Watch Begins To Yield Results by Nobody: 10:55am On Jul 25, 2015 |
BedLam:Only those who got Eyes to reason can see the laid foundation not some ,,,,,,,,,,,,, '''',,,,,,,,,, like ?u? |
Re: Buhari’s Corruption Watch Begins To Yield Results by repogirl(f): 10:55am On Jul 25, 2015 |
...yawns... Yeah, right! ![]() |
Re: Buhari’s Corruption Watch Begins To Yield Results by atlwireles: 10:55am On Jul 25, 2015 |
1 Like |
Re: Buhari’s Corruption Watch Begins To Yield Results by shalomm: 10:56am On Jul 25, 2015 |
ilawanson44: APC is the worst thing to ever happened to Nigeria...with Their terrorist President. 3 Likes 1 Share |
Re: Buhari’s Corruption Watch Begins To Yield Results by Flets: 10:57am On Jul 25, 2015 |
Another loose propaganda when this is pure economics. Prior to this time, the FG through CBN provides buffer for the Naira using the reserves. This is done by financing foreign transactions at CBN fixed rates... and this includes importers, students, medical tourists, PTA etc. As such, Nigerians with proper documentations do not buy dollars from the black market as this is financed through the CBN Fast forward to last few weeks, CBN has stopped financing imports for 40 staple items including rice, tomato paste etc. These were the bulk items that make up over 80% of the CBN foreign transaction financing. Unfortunately, these importers have had to go seek for foreign currencies in the black market. Due to this happenings, The dollars that were hitherto available for buffering the naira through financing foreign imports have been re-channelled back to the reserves. But unfortunately, this is also one of the major reasons a dollar is selling for 245 naira because these importers have increased the demand in the black market, a kilo of chicken has increased from 700 to 1200 and almost the price of every item in the market has risen by 20% or more. The key question is now.... Do we have to grow our reserves at the expense of very high inflation? Of what benefit is it to the Nigerian masses that we have a huge reserve but the Naira is in a mess and the masses with a minimum wage of 18K cannot afford to eat. The current increase in reserves is a farce and the bane of our current economic and financial troubles. This is why the country desperately needs the services of a finance minister/ economic adviser to check the activities of CBN 4 Likes |
Re: Buhari’s Corruption Watch Begins To Yield Results by ibietela2(m): 10:58am On Jul 25, 2015 |
Emekamex: NgeneUkwenu and Beremx 1 Like |
Re: Buhari’s Corruption Watch Begins To Yield Results by bengems(m): 10:58am On Jul 25, 2015 |
If the Refineries have resumed work, why is petrol and other petroleum products still expensive? If the CBN policy is well maintained as claimed, and Naira well priced at N197 to $1...is that a good price compared to Naira's worth before its devaluation? Has the standard of living for the people of Nigeria increased following the increase in their foreign reserve from $28b - $31.5b? . . . . . . . I keep my fingers crossed in anticipation for a better Nigeria, but these stories are not different from the ones we already heard, and it's always the poor and helpless masses that suffer the storm generated by people that had made a deal with devil posing as law makers and leaders! God save Nigeria! |
Re: Buhari’s Corruption Watch Begins To Yield Results by Nobody: 10:59am On Jul 25, 2015 |
ilawanson44: Sharap. PDP came to power when the 3 refineries are working in full capacity. When will u people rise above sentiment? |
Re: Buhari’s Corruption Watch Begins To Yield Results by Nobody: 11:00am On Jul 25, 2015 |
Sa |
Re: Buhari’s Corruption Watch Begins To Yield Results by Emekamex(m): 11:00am On Jul 25, 2015 |
ibietela2:You mean these guys? 4 Likes
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Re: Buhari’s Corruption Watch Begins To Yield Results by efeteb: 11:01am On Jul 25, 2015 |
It is well |
Re: Buhari’s Corruption Watch Begins To Yield Results by dayo23(f): 11:01am On Jul 25, 2015 |
Emekamex:GEJ kor GOAT ni! Your head like tumbler. |
Re: Buhari’s Corruption Watch Begins To Yield Results by 4Play(m): 11:01am On Jul 25, 2015 |
If the CBN outrightly refuses to supply foreign exchange to many importers, reserves will go up but the downside is that the Naira's value will plummet. That is essentially what we have seen as US dollars become scarce. The persistent decline of the naira in the parallel market followed the introduction of new measures by the central bank last month, restricting access to hard currency at the interbank in a bid to conserve dwindling foreign exchange reserves.http://www.punchng.com/business/money/cbn-adjusts-rate-as-naira-falls-to-244/ The accumulation of foreign reserves at the expense of the Naira's value is not new. Here is a quote from Wikipedia in respect of the Sani Abacha era Despite the international shun his government endured, he oversaw an increase in the country's foreign exchange reserves from $494 million dollars in 1993 to $9.6 billion by the middle of 1997https://en.wikipedia.org/wiki/Sani_Abacha. Was this because the Abacha regime was not corrupt? No. What happened to the Naira whilst all these reserves were accumulated? Naira went from 22 Naira to a $1 in 1993 to 84 Naira to $1 in 1998. https://www.nairaland.com/498412/nigeria-exchange-rates-dollar-history. The true test of whether Buhari's anti-corruption measures are working will be a repatriation of stolen wealth to nation's coffers. We won't have to read between the lines as any refunded loot should be made public. 2 Likes |
Re: Buhari’s Corruption Watch Begins To Yield Results by Heluwajohnson(m): 11:02am On Jul 25, 2015 |
CR77:U just won an award: THE MOST VALUABLE DULLARD OF NAIRALAND 2 Likes |
Re: Buhari’s Corruption Watch Begins To Yield Results by Happiness87(f): 11:03am On Jul 25, 2015 |
Topccy007:what does using efcc to police officers have to be with the completion of maintenance operations that started last year |
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