jmichlins:
Buhari i think you heard that too. Last time i checked you came back from medical trip so where was the money from. Imagine the kind of hospital here and your placing medical checks on ban list. why should common man bear the pains of the excessive of select few whose luxury can be compared to that of heaven

EgunMogaji:


You're the son of your father and a patriotic Nigerian.

Thank you.

PS: it's always refreshing to read from an astute person in the otherwise sea of seemingly stark illiterates on here.

lookandlaff:


I said those who have the power to influence and by that I mean the middle class. Every society is a reflection of it's middle class. So goes the middle class, so goes a country. We have always had a very self-centred middle class in Nigeria, it has always been our bane, so long as we can solve our problems we don't care where the country is going, the common man and social infrastructure. The Nigerian educated middle class kept quiet when babanguda came and ruined the country, instead of voicing, those who could leave moved abroad (especially the well qualified lecturers and doctors) and the vacuum was filled by quacks, a price we are still paying till today. So long as the middle class keep quiet and refuse to speak out, they we deserve what we get. Now our silence is coming home to roost just as it did after we let Babangida destroy our values. Now we are complain because we cant afford to send our kids abroad. We didnt complain when the poor man's kid was getting a bad education locally, we didn't complain when poor people were dying because the health system had collapsed. it wasn't our business so long as we could send our kids to schools abroad and get our medical needs abroad. WHen the road is bad, middle class man buys a jeep, he forgets about the poor man who cant afford a jeep and has to pass that road. We saw the poor state of the schools that gave us the great education that propelled us to the heights we have attained, we never once gave back to those schools, alumini meetings were an opportunity to socialise instead of giving back and now the shit has hit the fan and we are complaining!


If you have to send your kids to school or pay for medical treatment abroad and buy forex at $330 then we deserve it because collectively we failed to have a social conscience and play our part in making sure that social amenities work. A government can only neglect when the people keep quiet.

Sant1m:
The price of the dollar now, has always been the real value of the dollar for more than 3yrs now, the price before now was sustained by corruption. what had sustained the price at close to 200 before now was our leaking CBN vault under PDP. The leakage under a corrupt PDP ensured that there was enough supply of dollars in the(parallel) or black market, the corrupt dollars flowing in then from NNPC, CBN, NIMASSA etc ooh $2.1b armsgate dollars all found their way to the hands of mallams , with these type of corruption, dollar was sustained around 200 in the black market because of illicit supply from those who opened our vaults and shared our money out to friend and relations. The difference now under PMB, is that by blocking leakages the supply to mallams have drastically reduced yet demand remains static, hence the pressure is pushing up the price towards equilibrium. The baned items by CBN is just to ease the pressure as we pursue diversification in the long and shout run. Under the PDP model of corruption supplying to the parallel market instead of incomes from production, we were only postponing the evil day, but under this deliberate and sustained effort, expect a genuine rebound in the near future, it will not go back easily to 200 in the parallel market. Investment and diversification is the only true way to go. The road to true nation building is deliberate, it takes a strong leader that will go against the status quo, it will not be perfect, as mistakes will be made but if PMB can help us sustain for 8yrs at least, people will start coming to Nigeria for school and medical tourism also. We shall get there

Sant1m:
The price of the dollar now, has always been the real value of the dollar for more than 3yrs now, the price before now was sustained by corruption. what had sustained the price at close to 200 before now was our leaking CBN vault under PDP. The leakage under a corrupt PDP ensured that there was enough supply of dollars in the(parallel) or black market, the corrupt dollars flowing in then from NNPC, CBN, NIMASSA etc ooh $2.1b armsgate dollars all found their way to the hands of mallams , with these type of corruption, dollar was sustained around 200 in the black market because of illicit supply from those who opened our vaults and shared our money out to friend and relations. The difference now under PMB, is that by blocking leakages the supply to mallams have drastically reduced yet demand remains static, hence the pressure is pushing up the price towards equilibrium. The baned items by CBN is just to ease the pressure as we pursue diversification in the long and shout run. Under the PDP model of corruption supplying to the parallel market instead of incomes from production, we were only postponing the evil day, but under this deliberate and sustained effort, expect a genuine rebound in the near future, it will not go back easily to 200 in the parallel market. Investment and diversification is the only true way to go. The road to true nation building is deliberate, it takes a strong leader that will go against the status quo, it will not be perfect, as mistakes will be made but if PMB can help us sustain for 8yrs at least, people will start coming to Nigeria for school and medical tourism also. We shall get there

Atlantian:
Arrant nonsense. Government has no rights to tell people how to spend their own money and where to treat oneself. The silly president should enact laws that stop only himself and his fellow politicians from seeking overseas treatment. Some of you are so poor that you think everyone is also poor. We read everyday how people go to Nigeria hospitals and without deposits doctors leave them to die. Whoever will work so hard to earn his money without seeking medical treatment anywhere in the world that he can afford.

My complain is not about my expense, my complain is that the dullard hasnt got sense to understand that as long as the demand for dollars goes up at the black market, which I consider the real market, then dollars will continue to be scarce and more naira will continue to chase the dollars. Watch out the next couple of weeks that the value of naira will plummet. I Predict 400 naira to a dollar in the next 3 weeks.

The President isnt sensible, he cant even review a budget. This is not cattle-rearing.

Atlantian:


That you are poor, does not mean some of us are like you and your family. I could afford to own a house abroad and give my family a better life, and that is what I did. So, please Mr. Poverty, steer clear my radar. I am not poor and I am not sympathetic to you for your condition. You see, I did not complain about my finances, I complained that if we continue to patronize black market operators, the demand for dollars will keep rising and that is something Buhari is not mentally sound enough to comprehend.

Be guided.

Bluffly:

Guy na common man dey travel abroad for medical trips? abi na common man dey pay international tuition fee?. Get sense bro

bigass:


You are getting it wrong. They did not ban u from getting treatment abroad. They didnt ban you from using your cards or sourcing for your dollar outside but no more form m or a for dollars at official rates for medical or school fees.

Pesuzok:

Let us keep quoting this piece so that people can fully understand.

bigass:


You are getting it wrong. They did not ban u from getting treatment abroad. They didnt ban you from using your cards or sourcing for your dollar outside but no more form m or a for dollars at official rates for medical or school fees.

Atlantian:
And I can assure you that the decision to channel request of funds for medicals and study abroad is pushing the demands for the dollars to the blackmarket, and remember, the higher the demand, the higher the price. Watch the Naira collapse in just few weeks. Cos the class of people that sponsor folks to study abroad and get medicals abroad, are not the class who cares about money, but how to spend. I am one of them, and I dont care, but remember to watch the value of the local tender. I give you my word, the value of naira will plummet like a falling kite.

lookandlaff:



That's not the argument people should be making, removing foreign medical trips and education from official forex is a good idea like many good ideas govt comes up with that fail due to poor implementation. The argument people should be making is....are those for whom official forex is reserved actually getting the forex at the official rate? because (just like the subsidy regime) if it's the bankers that use the arbitrage to profit then we might as well scrap the whole thing. If i go to my bank to get forex for official approved purchases and CBN approves it but my bank officials collect a cut making my effective rate 280 to the dollar then govt isn't subsidizing me only making bank officials richer.


BTW: of must be noted that a lot of laudible govt ideas fail people we the people are the ones who implement those policies and we the people are crooked.

Atlantian:


I am towing my line of argument because I understand that the decision to ban foreign education and medicals from banks is to control the value of the naira. It is the worst approach cos no one who has a dependent in any school in abroad now will withdraw the student, you will do all it takes to buy forex at BDC and the demand will soar. People who have health conditions will die because most hospitals in Nigeria are just not working, so its a matter of life and death to source for fx in BDC. This huge demand will increase the demand for dollars and more naira will be chasing the few dollars. Watch the value of the naira plummet in the next few days. Already the announcement has affected the value of the dollar to 335 within 24hrs.

Shame

oc2fish:
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As at now Nigeria has two set of lecturers teaching in the university with little knowledge of trends. If we do not send the young once out to study it will be the blind leading the blind. Nigerian universities are producing unemployable graduates because their teachers do not know the current trend in their chosing field.

Atlantian:


I am towing my line of argument because I understand that the decision to ban foreign education and medicals from banks is to control the value of the naira. It is the worst approach cos no one who has a dependent in any school in abroad now will withdraw the student, you will do all it takes to buy forex at BDC and the demand will soar. People who have health conditions will die because most hospitals in Nigeria are just not working, so its a matter of life and death to source for fx in BDC. This huge demand will increase the demand for dollars and more naira will be chasing the few dollars. Watch the value of the naira plummet in the next few days. Already the announcement has affected the value of the dollar to 335 within 24hrs.

Shame

oc2fish:
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Lecturing job in Nigeria is little above average in terms of income.As i am talking to you. In Universiti Putra Malaysia over 1000 students are studying for M.Sc and PhD. Out of this about 400 are in the field of Agriculture 300 in Engineering and others in other field. Most Nothern states sponsor atleat 100 candidates to study crop science and animal production in the university. This candidates are mostly academicians and public servants.

The atmosphere in Asia is of a total change. We see a country we are richer than enjoying good facilities and better life than us. In a few years the returniers will demand for changes. Please Buhari do not kill this new wakening.

oc2fish:
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The people training young graduates in Nigeria are not currents with new ways of Engineering and Agriculture just for example. Some of the new lecturers are abroad studying for M.Sc and PhD. If Buhari made it impossible for them to pay fees. The country will not develop. The old lecturers are out of touch with trends in research. Now the trainers had to be trained so that a graduate enginer in Nigeria will be able to practically compete with one from China and even India. Asia is the home of Technology needed in Nigeria.

Atlantian:
And I can assure you that the decision to channel request of funds for medicals and study abroad is pushing the demands for the dollars to the blackmarket, and remember, the higher the demand, the higher the price. Watch the Naira collapse in just few weeks. Cos the class of people that sponsor folks to study abroad and get medicals abroad, are not the class who cares about money, but how to spend. I am one of them, and I dont care, but remember to watch the value of the local tender. I give you my word, the value of naira will plummet like a falling kite.

lookandlaff:


the children of the people who are sending their children abroad for an education are not coming back home to teach...a fair number of them won't even come back. it is the children of the middle and upper classes and they dont go abroad to study to be teachers, children of the middle class no longer go into teaching. If govt is sponsoring teachers/lecturers abroad then they are not getting their forex at the black market rate.