NewStats: 3,264,207 , 8,182,959 topics. Date: Tuesday, 10 June 2025 at 07:33 AM 2d2u2n

APC LIARS FROM HELL

helinues:


Those who are hoarding dollars would cry bitterly soon

Imagine those who bought @N1900-2000. Some are still holding not knowing it was an aberration and we will never see Naira at that level again. When it gets to N1200, they will all panic and sell their
$s causing Naira to rise even further.

Fair value of the Naira is somewhere between N800 and N1200.

Anyone who understands finance and simple economics should have started to liquidate any cash dollar holding the minute Dangote refinery started functioning.

helinues:


Those who are hoarding dollars would cry bitterly soon

Illiteracy🤦‍♂️

Imagine bought N60k and sold it for N120k? I thought they said that religion forbid excessive profits?

casualobserver:


Imagine those who bought @N1900-2000. Some are still holding not knowing it was an aberration and we will never see Naira at that level again. When it gets to N1200, they will all panic and sell causing Naira to rise even further.

Fair value of the Naira is somewhere between N800 and N1200.

Are all Nigerian leaders who bought dollars with stolen money not holding on to their dollars. Has those with Swiss, Monaco, Jersey bank s sold their dollars. Worry about your leaders with hundreds of millions of dollars not ordinary Nigerians with few hundred dollars

helinues:


Those who are hoarding dollars would cry bitterly soon

Like your presidents, govs, ministers, perm sec, dgs, and head of para military. Shebi yaya bello will cry bitterly. Jokers

zero8zero:


https://guardian.ng/news/hoarders-lose-as-food-prices-crash-by-40/

Ideally locally farm produced is suppose to b beneficial to an ordinary man but greeds wouldn't allow us, the exorbitant hike in food prices was engineered by individuals to frustrate the system even d poor masses who are the majority keyed into it too, we hope food prices crashes further

Moral lesson:

Government cannot push all developmental policies at the same time. They will crash!

While the government intends to mop up revenue from the general public to be able to provide necessary infrastructures, it must be mindful that tight agricultural policies which will first make food expensive cannot be implemented immediately.

People who have paid heavily on tax cannot also pay heavily for food and other basic amenities!

Therefore, the opening of border to allow cheaper food from neighbouring countries is a welcome development, but this cannot be sustainable.

Once , citizens are able to adjust their income and recover the first teething problem of heavy tax, then, strict food security policy can be implemented.

Nice one.


Did I just make/made sense?

😀😀😀😀

zero8zero:
Tinubu effect. FX speculators, food hoarders, bitter people, all of them are losing.

Just as the whole country is losing to his clueless quick fix, bandages for bullet wound?

What is the situation with the fx reserves and the dollar rate, which T-Pain promised to make N300/$1 in the short term

Hopefully you are not too far gone as blind BATolomeus to understand this part of your OP and the link to reserves and dollar rate.

zero8zero:
In response, the federal government announced plans in July 2024 to grant waivers on food importation. Earlier, the government had also reopened land borders to allow food imports from neighboring countries.

While farmers expressed reservations about the policy, arguing that it would negatively impact food security, economists projected that increased food supply would help stabilise prices by reducing the demand-supply gap.

An analyst, Mr. Ismael Mohammed, told The Guardian that the increase in food supply triggered by imports has led to greater food availability, resulting in falling prices.

”The force of supply has been manipulated through importation, making food more available and leading to a drop in prices,” he said.
However, he noted that this method is not sustainable unless the government continues to import food, which is not beneficial for Nigerian farmers.

”Continued importation is not a good long-term strategy for Nigeria’s agriculture sector.”
It should be noted that food importation has eased the food crisis by increasing availability for consumption and animal feed production.

Nigeria’s food crisis has been worsened by insecurity, preventing many farmers from accessing their lands due to the threat of bandits.

Analysts argue that regardless of the government’s efforts to increase food availability, the most sustainable way to tackle food inflation is by improving security so that farmers can return to their farms.

https://guardian.ng/news/hoarders-lose-as-food-prices-crash-by-40/

FBIBOT:


Using storage as an excuse won't hold using Nigeria as a case study... Because even when the product is supposed to be abundance in supply and be cheap they deliberately hoard (store) it to influence price to an unreasonable amount.... Imagine buying a tuber of yam for 6k..... Is storage just a new factor? Of Cos it been a Major factor before Which is already considered B4 deciding the market price

Using storage as "an excuse" is based on a legit business model that happens to provide an essential service. Capitalism is a good system because other systems don't work. The middleman buys yams at the MARKET PRICE in September and sells at market price from January. Please explain what he's done wrong. Of course, they hope to make a profit - that's because they've invested money and time. Storage costs money.

Do you know what would happen if we take these middlemen out? Try am na. I explained some of it in my last post.

nedu666:



Are all Nigerian leaders who bought dollars with stolen money not holding on to their dollars. Has those with Swiss, Monaco, Jersey bank s sold their dollars. Worry about your leaders with hundreds of millions of dollars not ordinary Nigerians with few hundred dollars

You people must always get emotional and situate every discussion outside its frame of reference.

If my my money is stolen and I take it abroad (assuming I can because it is harder to take money abroad) I won’t care because it was stolen money in the 1st place.

The reality is that with international money laundering laws, most looted money is in Nigeria sitting in dollars waiting for an opportunity to launder it either into Nigerian assets or for elections. When was the last time you heard about a Nigerian public official caught abroad trying to move dollars or buying property in Ghana, SA, London or Dubai? It’s happens but it a lot lot harder. Ordinary £5,000 international transfer, your UK bank will ask you to explain where the money came from. If you even attempt to pay in cash of £5,000, I can almost guarantee your will be closed. So long as the intent is to use that money in Nigeria, one day they will have to convert at a loss.

As the the unpatriotic whose money was legitimate, same story, they will convert to Naira one day and take the L!

helinues:


God don catch them. Those are the enemies of Nigeria as they never pray for the price of goods and services to come down.

Politicians are not only our problem, some citizens too

Clueless politicians like T-Pain are the worst enemies of our country.

Cluelessly importing food as a temporary fix because of his failure to address the underlying problems of food shortages in our country.

zero8zero:
Tinubu effect. FX speculators, food hoarders, bitter people, all of them are losing.

Akanni. Is BAT'S sister mind you

tinubu effect: gambling with people lives. not sustainable

zero8zero:
Tinubu effect. FX speculators, food hoarders, bitter people, all of them are losing.

what is wicked there?
you wan open your house for everyone including the thugs and boko haram?

seunowa:
Nigerians are inherently wicked... Look at people hoarding Dollars so that they can sell at a exorbitant rate.

Online crash

JuanDeDios:

Using storage as "an excuse" is based on a legit business model that happens to provide an essential service. Capitalism is a good system because other systems don't work. These middleman buys yams at the MARKET PRICE in September and sells at market price from January. Please explain what he's done wrong. Of course, they hope to make a profit - that's because they've invested money and time. Storage costs money.

Do you know what would happen if we take these middlemen out? Try am na. I explained some of it in my last post.

Many thanks for your insight on the value of middlemen and capitalism for greater collective productivity and prosperity as well as widespread welfare for everyone.

Stay blessed sir as you continue your enlightenment work on us.

anonimi:
Neo-black Problem: Must Blacks Be Ruled by Whites in Order to Prosper?

In short, the neo-black dilemma may be framed as follows: is it better to live under white rule without political dignity but with basic life-sustaining standards for many;

or to live under black rule with illusory political dignity and without basic life- sustaining standards for the majority?
@
@
The path forward for Africa lies in cultivating higher and adequate levels of personal and communal agential integrity as well as full personal responsibility and productivity. Not to mention creativity (including epistemic creativity), productive justice (such as merit and freedom), harmony and reconciliation at local and international levels, and a proper domestication of capitalism and other related values and institutions.

Africa must stop wasting her time on dreams of socialism because it is a system of wealth distribution primarily. Whereas, capitalism is a system of wealth creation primarily, and wealth has to be produced before it can be distributed.

https://www.thisdaylive.com/index.php/2024/10/12/neo-black-problem-must-blacks-be-ruled-by-whites-in-order-to-prosper/

BreconHills:


Why would you go to Oke Arin of all places? Even the transport costs there will erode price differential with your locality.

Form a virtual coop with friends and buy from out of town.

We buy in bulk, it is 2k to park, though most often, I always see people from my area, collecting parking fees. As omo adugbo, no lele.

zero8zero:
Tinubu effect. FX speculators, food hoarders, bitter people, all of them are losing.

Uncle, this got nothing to do with Tinunu effect, maybe Tpain effect

What you see now is as a result of accumulated excess flooding the market for the fear they might spoil ...
the demand in the market is very low so much the that excesses have build up and market cabal have no choice than to salvage their loss.

If anyone in Tinubu govt claim its Tinubu effect, ask them which policy gan gan and let him explain the mechanism

Simisima:
But how come foodstuffs are still expensive in my area?

Greedy sellers.

Common! This is lie from the pit of hell ..the only things crashing are cars and aircrafts ..🤔

JuanDeDios:

Using storage as "an excuse" is based on a legit business model that happens to provide an essential service. Capitalism is a good system because other systems don't work. The middleman buys yams at the MARKET PRICE in September and sells at market price from January. Please explain what he's done wrong. Of course, they hope to make a profit - that's because they've invested money and time. Storage costs money.

Do you know what would happen if we take these middlemen out? Try am na. I explained some of it in my last post.

My point is this system has been in existence since the beginning of time which is not the problem.... The system is just being used as an excuse to exploit and manipulate the market.... It making farmers angry too....

Propaganda overdrive...

The rains are coming, power will increase and some 1d1ots will say it is the bat effect...

This is propaganda because things are still expensive in the market, though we can observe minimal decrease but not the scale this op is presenting.

Audio crash! Is this how this government is going to survive? Propaganda!

40% is Over Exaggeration.

Haba. Make Una dey fear God Oo. Na Food Commodities I dey sell in wholesale prices and I am conversant with Current market price on a daily and weekly Basis..

40% Bawo.

Haba
Make una dey fear God Oo.
I sell Rice, Beans, Wheat, Millet, Maize, Sorghum, Soya, Bambara nuts and all Agricultural food Commodities from North East Nigeria and I waybill to the South East and South South.

True there is a marginal fall in Price but 40% is over exaggeration ...

The fall in Price is even just seasonal. Let's wait till the heart of the Dry Season in June and July before the next raining season before we rejoice price crash..

How? 🤣

Simisima:
But how come foodstuffs are still expensive in my area?

Because you don't have apc discount card. You can buy fuel at 20 naira / 3 ltrs

What do you mean by seasonal drop?

michoim:
Which food prices crash?? These are normal seasonal drop in food prices due to their time of harvesting. There is sustainable crash in food prices...

helinues:


Those who are hoarding dollars would cry bitterly soon

They cant cry cos what they are hoarding is never up to what the policies makers are stashing in offshore s... would Tinubu want his dollars to fall short

Your so called leaders have more to lose than the regular hoarders

zero8zero:
Tinubu effect. FX speculators, food hoarders, bitter people, all of them are losing.

All lies.

What do you mean by accumulated excess?

donself9:


Uncle, this got nothing to do with Tinunu effect, maybe Tpain effect

What you see now is as a result of accumulated excess flooding the market for the fear they might spoil ...
the demand in the market is very low so much the that excesses have build up and market cabal have no choice than to salvage their loss.

If anyone in Tinubu govt claim its Tinubu effect, ask them which policy gan gan and let him explain the mechanism