Activa:
Where are the people saying they will shut down Nigeria by going to the creeks?

Remittances even give us more forex than oil.

...except that such remittances ain't shared to states for payment of salaries and execution of developmental projects like we do to the proceeds from the Niger Delta oil.

Activa:


You're the greatest fool ever liveth.

How much forex do you get from oil?

Prove me wrong or shut your dirty trap forever.

lol you sabi book like this still baba no give you any post

Activa:


You're the greatest fool ever liveth.

How much forex do you get from oil?

Prove me wrong or shut your dirty trap forever.

lol you sabi book like this still baba no give you any post

ronald4lif:


Ignorance is never an excuse to be psychedelic. Your seemingly lack of exposure and retrogressive mentality shouldn't also be a pretext for your outright display of profound foolhardiness, insanity and imbecility.

While I understand the fact that the incessant hardship and callous rape of our common patrimony by Nigerian leaders might have affected your mental proficiency and misled you into erroneously assuming that every Nigerian abroad is into sharp practices but I do however, on behalf of all hard working diaspora Nigerians, take an exception from this brazen unwarranted attack on us and implore you to think before making a nuisance of yourself in public fora. Chump.

***lets clap for him, kpa kpa pa kpa pa...***

You spoilt your defence by being abusive...

I don't wanna be the one playing a drum for the lunat!c to dance...KPELE

chibuike65:
:Plol you sabi book like this still baba no give you any post ;Dlol you sabi book like this still baba no give you any post

You're a good for nothing time-waster.

ronald4lif:


Ignorance is never an excuse to be psychedelic. Your seemingly lack of exposure and retrogressive mentality shouldn't also be a pretext for your outright display of profound foolhardiness, insanity and imbecility.

While I understand the fact that the incessant hardship and callous rape of our common patrimony by Nigerian leaders might have affected your mental proficiency and misled you into erroneously assuming that every Nigerian abroad is into sharp practices but I do however, on behalf of all hard working diaspora Nigerians, take an exception from this brazen unwarranted attack on us and implore you to think before making a nuisance of yourself in public fora. Chump.

Plz bro advise Mr Activa He is embarrassing us Nigerians.

Mintek:


...except that such remittances ain't shared to states for payment of salaries and execution of developmental projects like we do to the proceeds from the Niger Delta oil.

Jst a simple question.why would any sane state share in the money people in diaspora send to their loved one's from abroad??

erico2k2:

Jst a simple question.why would any sane state share in the money people in diaspora send to their loved one's from abroad??

...and why would any sane person compare such remittances to proceeds from the Niger Delta oil?

Are you sure you read the comment I quoted?

Funny how remittance to Nigeria can spark off an online war...its interesting though. Families, people with relatives abroad, no doubt is a viable alternative hope in a country that offers very little to none. I mean, just this christmas alone, one cannot fully imagine the smiles, those remittances would bring. Not all of us will see living abroad the same way, nonetheless, it will remain a blessing of sorts

Mintek:


...and why would any sane person compare such remittances to proceeds from the Niger Delta oil?

What has that got to do with what I asked? There is no relationship between remittance from abroad nd oil in the Niger Delta.

Ojady:
Funny how remittance to Nigeria can spark off an online war...its interesting though. Families, people with relatives abroad, no doubt is a viable alternative hope in a country that offers very little to none. I mean, just this christmas alone, one cannot fully imagine the smiles, those remittances would bring. Not all of us will see living abroad the same way, nonetheless, it will remain a blessing of sorts

Exactly.I have seen people asking their parents to stop work and put them on monthly salaries of £200 mon they.

erico2k2:

What has that got to do with what I asked? There is no relationship between remittance from abroad nd oil in the Niger Delta.

Bravo!

Then you should educate the person I quoted who said Nigeria earned more FOREX from transfers than the proceeds from crude oil sales.

Activa:


Nigerian banks are companies and make money from remittances. No?

What is between your two wide ears is ordinary sawdust. Yet you were defining remittance. Fooooooooooool!

Ahahah nah I know you are beyond help.I think U just realize ur brain is leaking and you are trying so hard to patch it.does anybody get taxed or pay a fee to receive money from abroad? ?NO.stop this kilometre or else your must return ur school fees to ur parents with intrest

Mintek:


Bravo!

Then you should educate the person I quoted who said Nigeria earned more FOREX from transfers than the proceeds from crude oil sales.

Then I know who you are on about.same person I'm trying to educate.he seem to think there is physical forex in remittance. The forex ends at the table of the agent to determine how much U r receiving in ur 9ja bank

lewisacid:
What of. D. 1s we snt 2 our pple. Dere

I guess it's so small they deemed it irrelevant to the statistics

The issue of remittance is quite simple it adds to the total quantum of supply and mitigates demand of Forex from official sources.The market is unable to discriminate the source .Just like a generator can only carry a certain load when you switch on an electric iron you can see the difference so also wit Forex . One can actually model and calculate what our exchange rate might be without remittances in that regard these remittance are a major bulwark in the current economic situation and government should do what smart governments do in such situations allow people to bring in money,indeed encourage them(especially politicians) and not ask too many questions

sonnie10:


Nigerians in US remits the most. What does that tell you?

Tells you there are more Nigerians in USA than elsewhere.

US immigration rules allows more family members to re-unite with a nationalized foreigner.

US also has more space/capacity to absorb more immigrants than most other countries.

omonnakoda:
The issue of remittance is quite simple it adds to the total quantum of supply and mitigates demand of Forex from official sources.The market is unable to discriminate the source .Just like a generator can only carry a certain load when you switch on an electric iron you can see the difference so also wit Forex . One can actually model and calculate what our exchange rate might be without remittances in that regard these remittance are a major bulwark in the current economic situation and government should do what smart governments do in such situations allow people to bring in money,indeed encourage them(especially politicians) and not ask too many questions

Have you ever sent money from abroad to Nigeria?

AreaFada2:


Tells you there are more Nigerians in USA than elsewhere.

US immigration rules allows more family members to re-unite with a nationalized foreigner.

US also has more space/capacity to absorb more immigrants than most other countries.

Not logical at all it could be that there are more Nigerians there than anywhere else


OR

It is easier to make money in the US (better pay opportunities etc)

OR

Nigerians in the US
are more oriented to sending money home
OR
Nigerians elsewhere have other channels of remittance besides the official one( These figures only capture official remittances)
OR
Money laundering monitoring is lighter in the US
OR
Nigerians elsewhere prefer to send wealth home through shipping i.e hardware and other goods

OR Nigerians elsewhere travel home more frequently and take their funds home personally There are afterall more flights fromEurope to Nigeria and certainly more exports of things like foodstuff and drinks so I do not think we can draw the conclusion that there are more Nigerians in the US

One can draw the opposite conclusion from the airline travel volume. Which countries have the most ?

We need more information before jumping to conclusions

AreaFada2:


Tells you there are more Nigerians in USA than elsewhere.

US immigration rules allows more family members to re-unite with a nationalized foreigner.

US also has more space/capacity to absorb more immigrants than most other countries.

I think us in the UK Send more money in value to Nigeria than you guys in the US.reason the pounds is 1.5 US dollars

erico2k2:

Have you ever sent money from abroad to Nigeria?

How the hell is that any of your business

omonnakoda:
How the hell is that any of your business

Cos then it will put us in sme page of understanding.I li e and work in the UK I presume yoy live and work in the US??cos I was going g to ask a next question!

erico2k2:

Cos then it will put us in sme page of understanding.I li e and work in the UK I presume yoy live and work in the US??cos I was going g to ask a next question!

Generally I tend not to be biographical on the internet but you can still ask general questions. My individual situation is nor really relevant

omonnakoda:
Generally I tend not to be biographical on the internet but you can still ask general questions. My individual situation is nor really relevant

Well I assume you live in Nigeria and have never sent money from the west to Nigeria via third party remittance agents.my question will be of no meaning to U.ie won't make sense.

erico2k2:

I think us in the UK Send more money in value to Nigeria than you guys in the US.reason the pounds is 1.5 US dollars

Lolz

erico2k2:

Well I assume you live in Nigeria and have never sent money from the west to Nigeria via third party remittance agents.my question will be of no meaning to U.ie won't make sense.

You don't have anything to say...........

Richie0974:
The lower the Naira becomes, the higher the remittance.

law of deminishing returns

Activa:
Where are the people saying they will shut down Nigeria by going to the creeks?

Remittances even give us more forex than oil.

Sorry, the remittances don't enter the coffers of the government. It's money that people send to their loved ones. Most of it are even cashed in Naira these days via Western Union, Moneygram etc.

Mintek:


...and why would any sane person compare such remittances to proceeds from the Niger Delta oil?

Are you sure you read the comment I quoted?

And why? will any sane country depend solely on 'proceeds from Niger-Delta oil'