Naughtysite:
More than N1.5bn daily...

There are 261 working days in a year ( Non Leap Year )..

Assume one in every four Nigerians do a transaction daily. 35m transactions times N50 times 261 workinng days.

Over N391.5 billion..

Imagine if they fund a social security system with N391.5 billion annually

This policy will encourage cash transactions thereby defeating the cashless policy

If u don't like d policy save ur money in pots under ur beds nd or under ur pillows!hahahahahahahahahaha!at least u have an option of not using d banks.those of u wu love to pose at atm to collect just 1k change don catch una ooo

Dunno wether it is d CBN Governor, or Mr. President that brought this on, all I can say is that it's got d hands of d devil in it.

i still dont understand this bikonu..
We go start to keep money for house o

Naughtysite:
More than N1.5bn daily...

There are 261 working days in a year ( Non Leap Year )..

Assume one in every four Nigerians do a transaction daily. 35m transactions times N50 times 261 workinng days.

Over N391.5 billion..

Bros,

1. Please when you want to lay down stats, a referencing to records will be better. How can you have 35million transaction (on the assumption of 1 person per transaction per day) when according to extant records, only about 28million Nigerians have a bank account http://www.efina.org.ng/about-us/financial-inclusion/ . This is inclusive of those dormant accounts

2. You mean to tell me a person is assumed to do transaction virtually everyday? That will be crazy

3. Be that as it may, you're somewhat right that it's a viable revenue source for the FG and it shows that the leadership of FIRS and office of the VP, Finance Ministry and Planning ministry are smart folks

YoursGEJ:
They should focus on plugging existing leakages in revenue collection and recovering loots from corrupt officials rather than extorting more money from Nigerians that will probably be embezzled as well. The ultimate victim of this charge will be the common man.

This is classic and generous coming from a YoursGEJ. Coincidentally, your clamour for recovering loots from corrupt officials is what PMG's doing, be patient, he's saving the best for the last when the Otuoke Chief will finally have to answer for his past

Buhari's fans started this by contributing towards his election.
Let the donation continue,

Deep sigh


Smh

Even if its 5naira people will still complain.

N50 is akara and meatpie money.

Police sef go vex if u give am 50 for checkpoint

Pls find something else to complain about.

all na Change of Power not Govt. let is enjoy it but more are still coming. tollgate by 2016/2017e.t.c. that means u are going to pay more on transportation.

I still don't get it, will they charge the bank or individuals. I know I still pay 100 for every transfer I make, are they gonna add 50 to make it 150?


If this is the case, then it will be very mean as it will only affect the poor. The rich transfer millions so 50 will not mean anything. But imagine that I have 5k in my account and I want to send my wife 2k in school, I'll be left with 2850, and I'll only be entitle to withdraw 1k. Its not fair now.


The FG should rather charge 1% for every of such transaction. You claim you want to help the poor, yet you are here muzzling them, you can hardly see any policy that will affect the rich in Nigeria. Its bad very bad.

okpor2:
If u don't like d policy save ur money in pots under ur beds nd or under ur pillows!hahahahahahahahahaha!at least u have an option of not using d banks.those of u wu love to pose at atm to collect just 1k change don catch una ooo

This will be a huge money to be made

pls somebody should explain it further to us in a lay man language.























God punish person wey open teeth laff me

properguy:
Even if its 5naira people will still complain.

N50 is akara and meatpie money.

Police sef go vex if u give am 50 for checkpoint

Pls find something else to complain about.

do u have Brain problem?

There's this argument that we do not patronize our locally made products enough and we always want to blame the government for bad economy. Should we blame ourselves too? If you read this, you'll know what the argument really is - http://thenakedconvos.com/plunging-naira-before-you-blame-emefiele-look-at-yourself/

Thieves!

properguy:
Even if its 5naira people will still complain.

N50 is akara and meatpie money.

Police sef go vex if u give am 50 for checkpoint

Pls find something else to complain about.

Really?
What a wow

properguy:
Even if its 5naira people will still complain.

N50 is akara and meatpie money.

Police sef go vex if u give am 50 for checkpoint

Pls find something else to complain about.

can you turn N20 to N50? look at your big head...

Why must every decision affect d poor adversely,dis money won't be utilized 4 our good,may thunder strike every1 behind dis policy,may dey neva see d break of dawn,i'd rada gv a begging child d money dan dese fraudulent govt

I keep saying this ....that CBN governor needs to go! He's just churning out policies upon policies under different covers

AFRICANDICEY:
Any new policy is against me and you. we pay tax, now stamp duty. Oil is finished now they want to drill from me and you. The worst is that we don't have a choice. We are all law abiding citizens... Only God can judge US.

you do have a choice, every 4 years

Mugu FG. It is left for me to tell my people to put my name as the Depositor and the receiver. Shikena .shishi u no go collect 4rm me.

The rich and political thieves in this country should STOP enriching themselves and impoverishing the poor the more.

Nigerian fiscal policy is ineffective and in shambles. Ad-Vole rem tax system should be introduced and applied in this country.
All the expensive cars owned and bought with the looted money by the political thieves should be heavily taxed by 100-200 percent
to raise money for the government and to stimulate our economy, and this N50 from the poor.

The rich and political thieves in this country should STOP enriching themselves and impoverishing the poor the more.

Nigerian fiscal policy is ineffective and in shambles. Ad-Vole rem tax system should be introduced and applied in this country.
All the expensive cars owned and bought with the looted money by the political thieves should be heavily taxed by 100-200 percent
to raise money for the government and to stimulate our economy, and NOT this N50 from the poor.

vayne:
#50x75million daily=Broad daylight robbery!

Are you sure is that what it means? They said 50 naira on each transaction ranging from 1000 naira and above, how comes about your calculations or i didn't read it well?

[quote author=frodobee post=42211854][/quote]
When FFK said it that the removal of 50K will be robbed from other place and bigger because that's what he saw coming many insult him because he is not blind like them

okpor2:
If u don't like d policy save ur money in pots under ur beds nd or under ur pillows!hahahahahahahahahaha!at least u have an option of not using d banks.those of u wu love to pose at atm to collect just 1k change don catch una ooo

Are you sure they will be charging the #50 when you withdraw from the atm?

Note.....
Stamp duty is not new policy in nigeria. is just about to be implemented.

2. To those who think or believe that common man will suffer for it. No. Rich men will suffer it more because more transactions are carried out by rich men frpm banks on daily basis.

Some poor men don't even carry out banking transactions for some days.

Let encourage this and be focused on what they will use the proceeds for.


Crude oil is getting down everyday.
pay ur tax

Still JECLY

What is it with APC and taxing people to death?? APC and their side kick PDP are all one and the same money sucking demons