"You Can't Ban Spraying, It's Our Culture" - KSA To Soludo

If not for the fact that Sunny Ade is my friend's father and a respectable elder, i would have swore "thunder fire his mouth", but i would expect elders to think before they talk, afterall flies think before they perch of fresh shit!

That crazy culture of spraying money has to stop!With all the problems in the country, some dysfunctional human beings do not have respect and regards, all dey do is ponce around with their big pouts and throw money about like it aint nothing.

if people are so interested in flaunting wealth, then why not attend to more pressing issues in order to move the nation forward and if they don't want to do that, then they can carry their money to heaven

It is a shame and it needs to stop point blank, to cap it all, some of these money throwers go home and start gnashing their teeth "lamenting about flexing borrowed money to pull effect"

Anyone caught throwing money about should be made to lick them off the floor with their own mouth and chew it, with a satchet of pure water provided to digest it OR  be shot pointblank at close range,  that way they would appreciate it better or what do you all think nairalanders?!

  My sista i dey wonder too ooooo

I hope and pray that this law hasn't been passed. My main reason is simply that it would confirm my fears that Yaradua's government is such a sham for lack of a better word. Sure he looks like a nice man but he is a rubbish leader (if this law has been passed). The freedom of information bill has not been passed, the energy sector remains the way it is, there has been no significant change made to the leadership of INEC or INEC itself and yet we are really actually talking about this? One word my friends, priority. This government is turning out to be all talk no action and ultimately DIRECTIONLESS. For cryng out loud he is a leader, so let him LEAD. I seriously doubt that Solodu has the power to declare any law, if he does then what is the legislature there for (forgot, they are debating about how we dress). With each passing day the news becomes more disheartening and shows lack of leadership. Gas flaring was meant to have stopped by now, but the deadline has been moved AGAIN to the end of this year. Isn't gas flaring the major contributor to the ecological degradation people in the Niger Delta are complaining about? And guess what, there are even rumours that the deadline would be postphoned, AGAIN. We need a man with spine to stand up to multinational corporations because our country is meant to be lead by the president not multinationals. As president he is meant to be the leader of the PDP and yet look at how roudy and undisciplined PDP is. Sorry to deviate from topic, but to get back to it, one word, priority. Although i don't think spraying contributes to even a fifth of the abused Naira, i still think Soludu has his priorities completely wrong if this is what he is really focusing on. For those that argue from the whole 'money has to be used to make new ones' angle, can you please give some estimate as to how much you think it costs to print money? Major abuse of Naira as i can gather is from everyday use like market women fishing around in their bra to give you change, etc. Ultimately, if our notes had value people won't be so eager to 'abuse' it and take better care of their money. I'm sorry but i believe it really is that simple. In england it is very easy to see 2p or 1p on the ground. However, you would never see a note on the ground or rough handled. Why? because the currency has value. Isn't this what Soludu should be focusing on? Even without that, a £20 note is surprisingly durable even considering it is not the most commonly used. If people in charge have really run out of ideas and direction, they should let others lead.

 YOU ARE ON POINT MY BROTHER

Exactly

Here is a simple and direct question for you. What stops the government from using the same money now to produce and get into circulation better quality bills right now to counter the "habits" of Nigerians? Just the answer to this question is what I seek, nothing more.

I think the first issue you need to address is the lack of information on your part about this subject. Spraying money is not a NIGERIA ONLY thing. Across America and Europe each Night ( As in 365 days a Year) MOney is being sprayed by Americans, Latinos, and people of all cultures. Please research these. Check out a strip club or even a celebrity party near you some day and you might be surprised at what Oyinbo does.

at 4 Play and emiemi, so you are saying this is actually a priority? Just a simple question. With the state of the nation right now, policies that could be fowarded to improve the economic situation, the value of the naira, improve in the banking sector to support business, moving our economy to make it less dependent on resources by encouraging small businesses and all this host of issues that Solodu can focus on, you are saying THIS is a priority? That is my simple and humble qusetion. Spraying comes no where close to accounting for most of the abuse of the naira that should be designed to stand wear and tear longer and hence have a longer cycle for all those giving the impression that our economy is so bad because of Naira abuse. So are we saying that the situation with our economy is so sound right now that the only way forward Solodu can take out of so many other things to tackle is to stop spraying? People please i say again, PRIORITY.

There is no amount improvements that can "counter" such habits.No such technology exists.

Unless we want to discard of paper notes all together but there is no evidence that our Naira notes are of poorer quality than say the dollar and that the dollar will survive the kind of treatment Nigerians usually mete out.I can envisage a situation where such treatment will even get worse if there is a perception the notes are more durable.

@SkyBlue

Unless this law applies to "spraying" alone,your argument is invalid.The govt deals,literally with hundreds of measures per annum, and I don't see how dealing with this amounts to a failure to prioritise.There are tangible financial benefits to this measure.

I don't support the criminalisation but I full understand why they are considering it.   

I thought it was for you to prove the truth of your assertion.You are the one who brought up the point that Nigerians peculiar habits of handling paper money can be countered,well,the ball is in your court.

Well,  for the umpteenth time, here is it is again,  When you Produce more durable notes, these notes will withstand more wear and tear and hence reduce frequency of reprinting.

If I buy a shirt made of low quality materialfor $10 and I have to replace that shirt every month, in a year, I will end up spending about $120 of just having one shirt.
If I instead buy a higher quality shirt that is able to withstand the wear and tear of daily life and even more, for $60 and I find that I do not have to replace the shirt for another 20 months, I will save $60 that year  and even more the next year on that same shirt.

Now If Soludo prints low quality Naira 1 notes money for 10 kobo each as we have today that is unable to stand daily wear and tear and more,that requires reprint say 3 times a year, he may have to spend 30 kobo each year on every Naira note. Is Soludo then decides to print more high quality durable notes that can withstand daily wear and tear and more at the cost of 15 kobo which do not have to be reprinted for say 12 months, He ends up actually saving 15 kobo on the naira each year.  Now note how the saving of money counters the money lost through reprinting non durable notes regardless of the habits of the people??? I mean instead of loosing money, we gain money back with the new way.

Does that help you understand the argument for improving durability as the more sensitive way to go.

This reminds me of when a friend tore my shirt by mistake, only to tell me that i should have bought a shirt made of tougher material instead of blaming him for tearing the shirt.

Or when someone made a hole in my neighbour's leather chair, only to turn round and say 'if only it was original italian leather, this thing for no tear'

The point you've been making is that Soludo should either make the notes stronger or STFU about the naira abuse, right?

If only there was a way to make the naira completely abuse freebut there isn't! So no matter how durable the naira note is made, there will always be abuse.

at texazzpete, interesting first  point but what you seem to be missing is that time spent on what we all seem to be agreeing is not a priority right now is time not spent on the more 'important' priorities that can really make a difference. The members of the house of assembly spent so much time on the whole Eteh saga (because the woman was too stubborn), what was the consequence?  Has the budget been passed yet? Further delay of the budget being passed meant further delay of the implementation of the budget, hence further delay in development. So you see? Spending time on stuff like this is consequential. I did not say spraying of Naira is not 'abuse' of the naira but for the last time, PRIORITY. God bless 

Nigeria governments are useless. FULLSTOP.

at texazzpete, interesting first  point but what you seem to be missing is that time spent on what we all seem to be agreeing is not a priority right now is time not spent on the more 'important' priorities that can really make a difference.

this is ridiculous. the circulation of currency in an economy is priority.  promoting good manners among Nigerians is a priority. 


The members of the house of assembly spent so much time on the whole Eteh saga, what was the consequence?

no price tag should be placed on combating corruption

Has the budget been passed yet? Further delay of the budget being passed meant further delay of the implementation of the budget, hence further delay in development.

passing the budget is not the job of the CBN but that off the house of assembly.  although making a law against is spraying is wrong, nigerians should still be encouraged to treat the notes careful.  squeezing naira notes into your bras, under your socks, trampling them is just plain bizzare.  nigerians need to stop differing to the government when something goes wrong.