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Nairaland Forum / Nairaland / General / Travel / Dollar Scarcity: Foreign Airlines Raise Fares By 100% (25325 Views)
Airlines Raise Fares Amid Flight Shortage At Lagos Airport / Foreign Airlines Reject Kaduna Airport / Nigerian Travellers Squeezed As Foreign Airlines Stop Ticket Sales In Naira (2) (3) (4)
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Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by osahonmk(m): 2:46pm On Mar 28, 2016 |
Before now it was buy made in Naija to save the Naira... now i guess it will be dont travel out of Naija to save the Naira 3 Likes |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by Meiji(m): 2:46pm On Mar 28, 2016 |
babym7681: The topic is talking about airlines flying out of the country, this one is talking about manufacturing airplanes. Go school, una no gree. 5 Likes 1 Share |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by Nobody: 2:46pm On Mar 28, 2016 |
knuckbuck: So you want PMB to let the dollars flow? That would leave us out of dollars to buffer the naira....leading to the naira falling,and inflation and more issues. Or we should devalue the Naira?That would only make the parallel market worse...and won't change anything. What is your alternative? 4 Likes |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by Ekakamba: 2:47pm On Mar 28, 2016 |
it ain't 'bout producing airplanes but 'bout getting the right fiscal policy. babym7681: |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by HRich(m): 2:48pm On Mar 28, 2016 |
Adesiji77:Good news. Can't be only Danfo entries alone. |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by saintfieldcastro: 2:48pm On Mar 28, 2016 |
It's high time we occupied Aso Rock |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by HRich(m): 2:48pm On Mar 28, 2016 |
Adesiji77:Good news. Can't be only for Danfo entries alone. |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by Nobody: 2:48pm On Mar 28, 2016 |
babym7681:No offense ma'am, buh do you know how to read? 2 Likes |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by M4gunners: 2:49pm On Mar 28, 2016 |
safarigirl:But ur dey for kosovo na haba. |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by ozi001: 2:50pm On Mar 28, 2016 |
babym7681:Make we begin deceive ourselves when we are just celebrating helicopter prototypes made from planks. We are on a long thing 1 Like |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by bankylan: 2:50pm On Mar 28, 2016 |
babym7681: You can do what? Pls start with your own Internet before embarking on aircraft making. It takes a removal of just one plug for Nigeria to experience Internet black out...Ordinary bicycle u can't make.....please we overrate ourselves and that is the foundation of our problems.... 5 Likes |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by HRich(m): 2:50pm On Mar 28, 2016 |
saintfieldcastro:You and Who? Like say you wan join Dasuki for Kirikiri 2 Likes |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by BuddhaPalm(m): 2:52pm On Mar 28, 2016 |
babym7681: Which NIGHT school did you attend? 1 Like |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by knuckbuck(m): 2:52pm On Mar 28, 2016 |
Quakertellicus1: That is why Buhari was voted into power to solve problems and not to add to it. Buhari is adding to our problems. He has not solved a single issue since he became a civilian president. Buharinomics = Bad Economics. 1 Like |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by bfire(m): 2:54pm On Mar 28, 2016 |
Op: Did you buy any airline ticket last year and currently> The price, as far as i'm concern, is still the same price for this season/period. Lets not continue to peddle unconfirmed stories. Besides, ticket for coming summer season is always higher compared to winter season 3 Likes |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by malbro(m): 2:55pm On Mar 28, 2016 |
Things are really getting out of hand....wet in dis aboki dey do self.. |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by shamecurls(m): 2:55pm On Mar 28, 2016 |
Innoson should start building passenger jet liners so we would no longer have to depend on all this foreign Airlines. 1 Like |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by ZUBY77(m): 2:56pm On Mar 28, 2016 |
babym7681: You really need to start from Bicycle. 1 Like |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by Nobody: 2:57pm On Mar 28, 2016 |
knuckbuck: Well, what the government is doing now is the least worst of a slew of bad alterantives. We are oil dependent. And when the price of oil falls....we have to conserve the amount of dollars we have so that we do not lose the value of the naira. We could diversify....but the problem is...it takes a long time, we need to increase the number of large farms in the country...and anyway....agricultural products prices are not controlled by us...they are controlled in the same London and New York where oil is controlled. What we should be doing is spending more on educaiton (Which is what we are doing)....and renovating and imporving power...so that we can become a manufacturing power. A process which can take years. So...what is your alternative.? What do you think PMB should be doing.? 3 Likes |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by duni04(m): 2:59pm On Mar 28, 2016 |
Nigeria's economy is grounding to a halt because of Buhari's stubborn insistence on not devaluing the Naira. Now we have massive job cuts from import dependent jobs, unwillingness of foreign investors to come in and buy our Naira in exchange for their dollars because the fear of devaluation is still hanging. And then our factories are grounding to a halt because imported raw materials are hard to come by. Does Buhari know that nobody is gaining from not devaluing the Naira, except the round trippers at the CBN and banks? 1 Like 1 Share |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by PassingShot(m): 2:59pm On Mar 28, 2016 |
LMAyedun:You voted for change? Wonderfool! 2 Likes |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by sunkoye: 2:59pm On Mar 28, 2016 |
Hmmmm...mmm am not enjoying this at all... |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by sunnyuche1(m): 2:59pm On Mar 28, 2016 |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by babym7681(f): 3:01pm On Mar 28, 2016 |
Meiji: Ekakamba: BuddhaPalm: sapiosexual1: You should know that this government's Forex and other monetary policy are deliberate efforts to revamp our home industries and discourage luxury expenditure. |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by 4nobody4every1: 3:01pm On Mar 28, 2016 |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by sonnie10: 3:01pm On Mar 28, 2016 |
Quakertellicus1: Sir how could you be talking about avoiding inflation when there is inflation already? What do you call an increase of airfare by more than 100%? The fact remains that what ever policies we have now is not working in any sense of it. Whether PMB is letting the dollars flow or not does not help the situation Nigeria is in. Unfortunately Nigerians need more than PMB's Change mantra to dig themselves out of these mess. |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by sonnie10: 3:04pm On Mar 28, 2016 |
babym7681: Are you really serious about this comment? When did movement of people across international boundaries in this age and time become luxury expenditure? 3 Likes |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by easyelliot(m): 3:04pm On Mar 28, 2016 |
Could Buhari end up being worse than jona? I knew we were in trouble when he appointed himself petroleum minister. |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by Iwonttell(m): 3:06pm On Mar 28, 2016 |
Seems no nigerian debit card works for international online payment for now |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by duni04(m): 3:07pm On Mar 28, 2016 |
Quakertellicus1:I disagree with you. If we devalue our Naira, like other oil dependent countries have done, we will actually attract more foreign exchange because there are plenty of opportunities in the country and foreign portfolio investors will rush in with dollars to invest. The problem is that Buhari's stance on devaluation is chasing the foreign investors away. If they come in today and buy our Naira at N199 and the government announces a devaluation tomorrow to N250, they will lose 25% just like that. Plenty of investors want to come in and access our bond market, capital market e.t.c but our monetary policy is scaring people away! Buhari's economics is 1960's. Nobody keeps the value of his currency artificially high like we're doing for sentimental reasons. Even Abacha knew better. 2 Likes |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by Nobody: 3:07pm On Mar 28, 2016 |
sonnie10: Well there is inflation. What the government is doing is not letting it get worse. As for policies...the best policy for now is to conserve foreign exchange. We could rely on Agric to get us more...but Agric,despite the improvements under the last Admin is still poor....we do not produce enough cotton, groundnuts,palm oil, etc for export. And we have fallen far behind in Agric.(we went from no 1 in palm oil to producing less than 10 % of the world's palm oil output). And even if we devalue....at the end of the day...the parallel market would get worse...and the round tripping would continue. So..allwe can do is conserve forex. Because if we don;t....we would end up with a devalued naira and even worse inflation. So...what do you think the government should be doing? I am serious. 2 Likes |
Re: Dollar Scarcity: Foreign Airlines Raise Fares By 100% by mildflame: 3:08pm On Mar 28, 2016 |
PMB I just de gbadun you de go, abeg make una si dawn 4house jare |
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