The total eradication of currency have begun in Nigeria, very recently we carry-out the study and investigation throughout the federation, the result will socked you:
The currency left in the pocket of the majority of Nigerian 70% are; ₦5,₦10,₦20,₦50 with scarce ₦100! The ₦200,₦500,₦1000 are in the pocket of civil servant, business men, business women mixed with Dollars, euro, pound and other foreign currency! the politician mainly loaded their pocket with dollars($).
when the team asked one woman why the scarcity of currency in the market? she said, there is no money o! she said ₦5,₦10,₦20,₦50 left on our purse o, ask what about ₦200,₦500 and ₦1000? she said, that big money is for the big boss o!
Some blame government while the elite blame inflation! but the question that many can't answer is when inflation kill currency it take the body away? inflation kill the Ghanaian cedi, but left the papers and coins there; when Zimbabwe money is killed by inflation the papers and coins is left, why inflation killed ₦aira and coins and take away the body?
Is Nigeria heading towards a No local currency nation or back to the primitive trade by barter era?

Theres a nepa bill holder in charge so what do u expect? You are on gear 1 if you dont know u are in the woods already. Enjoy your chanjige o

Greenback:
Theres a nepa bill holder in charge so what do u expect? You are on gear 1 if you dont know u are in the woods already. Enjoy your chanjige o

...be honest, the eradication of currency started far back before this administration do you know the causes?

In fact if you have a wicked neighborhood, and he reports you that you have a cash of N50k at home, then expect arrest and search without warrant.

No money for fees

oyinkinola:

...be honest, the eradication of currency started far back before this administration do you know the causes?

kindly brief us..

For an expert whose result will socked people ?

I think your survey was conducted in the Village or on IDP camps


Where i live , we are looking for 5-100 naira change and we can't find

Understandable message but poor write-up

GMBuhari:
For an expert whose result will socked people ?

I think your survey was conducted in the Village or on IDP camps


Where i live , we are looking for 5-100 naira change and we can't find

...exactly, because our monetary policy had collapse!
the 1-100kobo, ₦1,₦2,₦3,₦4 that meant for change were not in circulation,they were not killed by inflation that's why you want it for change, but why it is that they are not in circulation?

Please smoke less weed

I just realized you are the guy who talked about introducing new currency and new value as if that will automatically change the production cost of goods and commodities


Bye , have a great day

oyinkinola:

...exactly, because our monetary policy had collapse!
the 1-100kobo, ₦1,₦2,₦3,₦4 that meant for change were not in circulation,they were not killed by inflation that's why you want it for change, but why it is that they are not in circulation?

Greenback:

kindly brief us..

in case of Zimbabwe and Ghana, when inflation swallow their currency the coins and the papers left in their pocket it worth nothing but in Nigeria where were the money that we said inflation killed, that's not how monetary system function and that's why we suffer!

GMBuhari:
Please smoke less weed

I just realized you are the guy who talked about introducing new currency and new value as if that will automatically change the production cost of goods and commodities


Bye , have a great day

..a lost dog can hardly be rescue! are you one of the traders who benefited from the poor money with excuse of 'no change'?

psucc:
In fact if you have a wicked neighborhood, and he reports you that you have a cash of N50k at home, then expect arrest and search without warrant.

No money for fees

we manage our currency the same way we mange fuel, during fuel scarcity, you can't have fuel at official price you have it in black market but in double via triple price, like wise the currency, CBN peg the value of Naira at 197 to $ but you buy it at 400 to $ in black market!

No economics reform will work without the monetary reform in Nigeria because you can't talk of economics without sound monetary system in policy... currency in the market!

GMBuhari:
Please smoke less weed

I just realized you are the guy who talked about introducing new currency and new value as if that will automatically change the production cost of goods and commodities


Bye , have a great day

see,always bitter.

God help naija.

Greenback:

see,always bitter.

God help naija.

leave him wit it's bitterness, the true is that no nation manage their own currency poorer like our's!

instead of no currency, i will use Biafra pound.
i dont want trade by barter again

tit:
instead of no currency, i will use Biafra pound.
i dont want trade by barter again

..until you have biafra that you will use it's pound! and if 1bfiafra pound is not ₦00.000001!

Waspy:
Understandable message but poor write-up

you need not to be economics expert to know something wrong to Nigerian monetary system!