Hmmm

Story, it changes nothing. Poor policy formation is what the man who said na statistics we go chop, de dish

ChatterHouse:
I'm appealing to all Nigerian

To start patronising our made in Nigeria product to revive the naira

Tinubu was so hasty in pleasing his puppeteers

As a Capitalist you should not make hasty decisions
About the economy

People are waking up in multidimensional poverty everyday

Please where can I buy made in Nigeria fuel to start with

Book of lamentations. Evil party. May God flush una comot.

Toothless regulatory bull dog.

Na Emefiele cause am!!!!
Ronu oooo!!!!
Lele lele lele
Baby oya Ronu oooo
La lala lala

Why not penalize them instead…?

Toothless dog

IconicR:
Actually and truthfully Jonathan and Buhari are responsible for all these rubbish and not the new government who is trying to put things back on track

!

I feel like strangling you!

Noise makers!
Have you named and shamed the PIRATES of THE CREEKS?

Name the oil subsidy scammers jor and stop distracting us with your stupidity!

ChatterHouse:
I'm appealing to all Nigerian

To start patronising our made in Nigeria product to revive the naira

Tinubu was so hasty in pleasing his puppeteers

As a Capitalist you should not make hasty decisions
About the economy

People are waking up in multidimensional poverty everyday

There is nothing Nigerians can import that will have more effect than the refined oil that the government import

Nigeria is beyond repair. Stop wasting your time.

BoldBrainz:


!

I feel like strangling you!

Oya I'm waiting

TheBillyonaire:
The statement from the CBN personnel is an indication of the IQ benchmark of an average quota system nepotistic nomination. Renamining the formal sector as Nigeria Forex Market without eliminating the BDC parallel system is an exercise in futility.

Whether the currency is floated or value-fixed, the BDC agents will mark-up the price index for maximum profiteering and that has become the bane of our currency trades.

There are two solutions , and I will share it for free.

1. Eliminate the BDC (black market) system by instructing the Security & Exchange Commission to launch a Forex Trading platform and allow Nigerians to trade the currencies digitally instead of haurding of dollars and selling at margins.

2. Totally make it a yahoo level of offence for any BDC or Aboki to sell currencies, because they are the major speculators and the syndicates conducting money laundering at high margin. But I guess Aboki businesses can not be touched.

I prefer (1), because it will automatically eliminate (2) with time.

It is only when the black market is banned or discouraged by providing an option that we will have a stable float regime.

Most importantly, encourage exports by providing Export Subsidy and go ahead and legalize yahoo yahoo or just stop arresting yahoo boys so they can bring in foreign currencies without even product exports.

Remember, Economy has no emotions, economy does not go to heaven, otherwise Nigeria will go the way of Venezuela, mark my words.

Wow, you want to legalize yahoo yahoo, you should as well call back the Niger Delta militants to start kidnapping expatriates because we can also get forex inflows as ransom payments.

IconicR:
Oya I'm waiting

Juss go away abeg!

You dey annoy me pass Nigerian Police..

Na lie!!! Na so una talk during Buhari government about those criminals Nigerian elite sponsoring Boko Haram.

Nteogwuija:


Wow, you want to legalize yahoo yahoo, you should as call back the Niger Delta militants to start kidnapping expatriates because we can also get forex inflows as ransom payments.

You totally missed the point the young man sought to make with that statement.

Here they come again. When last did the cbn allocate fx to commercial banks? Can you give what you don't have? We've been waiting in the line for form .Q transaction of ordinary 20,000usd which we're legitimately entitled to on a quarterly basis since March, but the cbn had refused to disburse fx to commercial banks. The last time emefiele said it was aboki fx and later they accused BDC agents and now the CBN is fingering commercial banks who don't even have xf and are asking customers to sell thehr fx to them.
They can only deceive their blind supporters, those who always seallow their lies hook.line and sinker.

BoldBrainz:


Juss go away abeg!

You dey annoy me pass Nigerian Police..

Don't worry president Tinubu will do us well. Let's be patient

We still dealing with the same corrupt administration
CBN is one of the most unless entities. Why announcing to Nigerians before doing the needful is done.

IconicR:
Don't worry president Tinubu will do us well. Let's be patient

Not interested in the outcome of his half-baked policies, ojarey!

Acekidc4:
Why will Naira not fall when all we do is to import everything even up to ordinary Tooth pick. Let's start Producing and Manufacturing at least 60 percent of things we import and watch our Naira regain it strength.

Some will still talk nonsense on my Mentions!!

Mumu where is the electricity for productions
What have you produced on your own?

festacman:
President Tinubu should stop deliberately allowing himself to be be distracted by Niger's internal affairs as against his primary assignment of leading Nigeria to prosperity.
- Nigeria and Nigerians need his undivided attention 24 hours because the ship is sinking
- Nigerians need him to inaugurate his ministers immediately to commence work because even the Niger coupists have beaten him on this as they have cabinet already
- Nigerians need him to pay more attention to ACTIVE governance and less attention to political appointments and consolidating his positions in APC
- Nigerians need him to URGENTLY unveil his policies, programmes, incentive packages and reforms toward reviving the economy.
- Nigerians need him to pay attention to managing the rising inflations due to removal of subsides and floating exchange rate policy.
- Nigerians need him to be a lot swifter in approaching government than the baba go slow he is currently is.

Where is the manifesto that was sold to us? What What has happened to erudite Femi Gbajabiamila many hoped would keep Tinubu focused on the things that matter? Are Tinubu's recently appointed Senior Special Assistants sleeping rather than brainstorming? What's going on?

What miracle do you expect?
Can one give what he does not have?
Even the fellow you mention will keep his oga in check, go and read his bio and see the kleg there.
Anyway, let's be optimistic.

BoldBrainz:


You totally missed the point the young man sought to make with that statement.

That was a literal statement, no semantics. Except you didn't read the last line where he mentioned emotions and heaven.

Acekidc4:
Why will Naira not fall when all we do is to import everything even up to ordinary Tooth pick. Let's start Producing and Manufacturing at least 60 percent of things we import and watch our Naira regain it strength.

Some will still talk nonsense on my Mentions!!

with which light?

How many factory your papa get?

omohayek:
What is this claptrap about "Illegal remittances"? This is utter nonsense from an economic point of view, and solid evidence that this guy has no business staying in place a day longer than necessary. Remittances actually strengthen the Naira regardless of how they are conducted, as they represent demand for the currency. Nowadays, Nigeria actually gets more of its USD from remittances than it does from oil, and without them the . The only thing "illegal" about them is that Emefiele's greedy CBN tried to force Nigerians abroad to yield to an "official" exchange rate that effectively gave them half of what their money was really worth, and sadly this incompetent clown seems set on continuing this pig-headed policy meant to create a steady source of funds to siphon through arbitrage schemes like "round tripping". Any source of foreign exchange strengthens the domestic currency, no matter the route it flows through, just as any source of demand for tangible goods strengthens the bargaining position of those selling them.

As urgent as the Niger coup matter may be, Tinubu needs to act quickly to find a new permanent CBN governor who actually understands economics and is willing to sweep the CBN clean of all ignorant holdovers from the Emefiele era such this one. Until someone serious and confidence-inspiring is put in charge and given a free hand to clean shop, the Naira will continue to drop in value like a stone, as the status quo gives little confidence to markets that the root cause of Nigeria's ever-weakening currency - namely inflationary monetary policies - will be nipped in the bud. Enough of incompetents trying to shift blame to "AbokiFX" or "greedy [sic] bankers" for their own self-inflicted failures.

Supprisenly, Emefiele made banks payout remittances in hard currency and not the cbn rate as you stated.
Infact the money was credited in dollar into your domiciliary account. And if you did not have one, a default dom account was created instantly by the bank for you. From there you could the make your withdrawal.

IconicR:
Actually and truthfully Jonathan and Buhari are responsible for all these rubbish and not the new government who is trying to put things back on track

You didn't disappoint me as I expected. That excuse is not valid please.

Since he knows they are responsible for it like you claimed, why did he take decisions like someone without advisers, why?

Why making things worse for the masses with those not well thought out decisions of his?

So because the previous tenant misuse the building, the new tenant should continue misusing it?

He is simply not capable of occupying that seat and doesn't have what it takes to be a true President.

Acekidc4:
Why will Naira not fall when all we do is to import everything even up to ordinary Tooth pick. Let's start Producing and Manufacturing at least 60 percent of things we import and watch our Naira regain it strength.

Some will still talk nonsense on my Mentions!!

You made sense but the federal government policies aren't good at all, to encourage growth of the local industries. Why do you think multinationals are going to Ghana while some others left for their home countries? These companies have been here before independence.

Those producing locally don't have fx to order raw materials and where available, the rate is so high. By the time they now produce, they look more expensive than the imported ones cos they need to make profit. You don't blame those patronising imported goods and am sure you'd do the same if you had the opportunity. The quality of the locally produced ones has also been compromised due to harsh economic conditions. Locally produced goods are supposed to even be cheaper due to access to.raw.matetials and loan but you find out that the reverse is the case

The federal government, while encouraging local production, should ensure there's enabling environment for local industries to thrive.

In the 90s , up to early 2000s, smes could easily access loans from commercial banks. It doesn't happen anymore and where its available the interest is killing. Our givernment isn't serious yet.

The CBN can sanction individuals and entities link to Niger Military junta but cannot sanction commercial banks that are into illegal dollar sales which has been cause naira woes and economic Sabotage.

Voodoo economics.

Sanction them

Let them pay very heavy fines

naijaboy756:
with which light?

How many factory your papa get?

No mind the mu², he thinks running a manufacturing company is the same thing as munching agbado or cassava.

He is a sill y boy!