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Nairaland Forum / Nairaland / General / Business / Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador (32999 Views)
CBN Stops IOCs From Remitting 100% Of Forex Proceeds Abroad / UBA Publishes Details Of Forex Defaulters / CBN Stops Sale Of FOREX To BDCs (2) (3) (4)
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Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by PHijo(m): 3:20pm On May 16, 2020 |
Osidazz19: It is just unfortunate that there are many ignorant Nigerians like you! Buhari didn't get a broken down car! He got a fighter jet but when you give a maiguard( gateman) a supersonic fighter jet to pilot he is bound to crash if he manages to figure put how to take off by accident. Buhari was bound to fail, he lacked knowledge for the task and surrounded himself with equally ignorant folks. A man that failed in 1984/85 can't do better NOW! |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by Gap2020(m): 3:24pm On May 16, 2020 |
SoNature:. I don't just like abusing people but our President is very stubborn and clueless. You ban the importation of some products without giving room for the local productions. You ban importation of rice, red oil and some agricultural products but failed to implement and introduce type of seeds and the purchasing unit. 1 Like |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by galadima77(m): 3:26pm On May 16, 2020 |
Exc2000: Guy, why you dey talk like demon na? Sense dey sha |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by sevenhundred(m): 3:26pm On May 16, 2020 |
Osidazz19:everything in life is a challenge, once you agree to take up the responsibility no more excuses if you can not perform take the blame, because you saw it before and agreed that you are capable, so no excuses. 1 Like |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by omorttee4u(m): 3:34pm On May 16, 2020 |
KnowAll: Don't mind Nigeria stupidity. They are full of loots in them. IMF had been clamouring, they should make it window on import and export ration, they wouldn't listen. I created thread about it long ago. Nothing is done. The people (Government officials) they are there for themselves and non for the people. |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by Osidazz19: 3:39pm On May 16, 2020 |
PHijo: The sad thing is that unfortunately we have too many delusional retarded brainwashed idiotic monkeys like you on social media posting trash. In 2015 before Jonathan handed over to Buhari, there were fuel lines all over the country, States were unable to pay salaries, Jonathan and Nwela both have stated that they had to borrow money to pay salaries towards the end of the administration. Yet, delusional brain dead monkeys like you will come online and be posting rubbish for your fellow brain dead idiots to clap for. I have included some links for you, that's if you have the capacity to read and comprehend simple articles. Imagine a govt borrowing money just to pay salaries, not to execute capital projects BUT TO PAY SALARIES. And this idiot calls that a fighter jet economy. Dumb ass monkey. https://www.premiumtimesng.com/business/182543-nigerian-govt-borrowing-billions-to-pay-salaries-okonjo-iweala.html https://www.aljazeera.com/news/2015/05/150506055148505.html 3 Likes 1 Share |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by Nobody: 3:46pm On May 16, 2020 |
HAUSA - FULANI and Nigerdelta oil are 5&6. |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by omonnakoda: 3:49pm On May 16, 2020 |
Everyone is focused on OTHER sources of dollars so we can continue importing I see it differently We need to start PRODUCING most of what we consume Creating more jobs and boosting our economy We should aim to be sufficient in textiles,clothes,shoes,medicines,food, building materials Why are we importing Okrika clothes,fish palm oil? Let us aim for a time when other countries will lament that they are running out of Naira 1 Like |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by galadima77(m): 3:52pm On May 16, 2020 |
Angelfrost: Excusing failures is the reason they're comfortable not being proactive |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by PHijo(m): 3:52pm On May 16, 2020 |
Osidazz19: The sad part is that we are forced to share a country with brain dead beings like you! According to you they borrowed to pay salaries, so? What difference does that make? People like the being you want us to believe is a solution, instigated anti subsidy protests, making the country vulnerable. Ironically, 8 years after, those same brain dead, power hungry beings have promised to remove subsidy. How about the multiple exchange rates by the Buhari government? Search for oil in Chad basin? Failure to adhere to rule of law? Etc I won't be responding to you again, it is obvious you don't come from a place one could call a home. If you are enjoying Buhari's loot with him, know the blood of millions is on your head and that of your evil principal. It is 5 years since he took office, till date he has no achievement he could count on. 1 Like |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by SirBunky85(m): 3:52pm On May 16, 2020 |
helinues:how much is dollars currently at the black market? |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by GeorgeTheCoder: 3:53pm On May 16, 2020 |
KnowAll: Covid-19 will reduce that to $75 billion. Besides, its not the governments money to spend |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by SirBunky85(m): 3:56pm On May 16, 2020 |
Racoon:U must be daft to have believed dat any Nigeria Preesident has the unilateral capacity to control oil price |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by Guest911: 3:57pm On May 16, 2020 |
KnowAll:most of them are probably going through tough times right now sir due to covid-19 1 Like |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by Guest911: 3:58pm On May 16, 2020 |
SirBunky85:440 |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by Osidazz19: 3:59pm On May 16, 2020 |
[s] PHijo:[/s] You are nothing but a brain dead brainwashed DOTARD. You have been brainwashed to the extent that you drink up any trash thrown at you. You lack the simplest of capacity to decipher complex issues yourself. Just listen to the trash you posted, blaming everyone but the incompetent Jonathan govt for fuel lines and borrowing money just to pay salaries. It's buffoons like you that will be wailing and crying that Buhari wants to borrow to build you bridges and rail line but it was ok for Jonathan to borrow just to pay SALARIES. Hey dumd dumb, my best suggestion for you is to head to the Lagos Lagoon and put yourself out of your miserable existence. Pls do us all that favor. STFU and GET LOST. |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by PHijo(m): 4:04pm On May 16, 2020 |
Osidazz19: It is you and your type that will perish in Lagos lagoon! I am a child of God, I don't suffer, my life is not miserable, was not miserable and can NEVER be miserable. Your suggestion just tells everyone the kind of low life you are, if not for reforms the PDP embarked on in the 16 years they were in charge, your type will NEVER have access to cyberspace, let alone be rude to me. |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by basybasy: 4:05pm On May 16, 2020 |
Nigerian state governments contribute a lot of problems in the country. They will come to Abuja every month, collect money and squander it. No single investment in the states. States were created in order to get quick and uniform developments. Where is the development in the states? No Governor is not corrupt. Despite the amounts of Dollars made from sales of crude oil by this country, we are still crying for the scarcity of Dollars. Shame!!!!!! 1 Like |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by GEEBITE: 4:11pm On May 16, 2020 |
Really,print in more naira in a way of QE with no production to back it up.You mean Govr should share naira unearned to everybody like a candy to kids.Please I will like to know the school you learned that from.Because even Tinubu a trained accountant(not an economist)has walked back the talk on QE in Nigeria,Zimbabwe's case will be child's play if we try that.. The opprobrium it was subjected to made him recant quickly. Btw,what is the obsession about loss making national assets like NNPC.Aramco of Saudi the biggest state owned oil corporation has already been floated.Do you think it was a light decision to take.Nobody tells a blind man outside that it is raining. quote author=Exc2000 post=89611162] we cant even sell our oil, even if they pay us $20 per barrel, our oil are at high sea accruing bills , demorage and storage / shiping fees Tinubu's advise comes handy now, print in more Local currency to stimulate local purchasing power just has US are doing right now printing dollar, when the economy goes right CBN can mop up excess liquidity Or They can use Atiku's model seeking us to sell National revenue generating Asset so as to generate forex and spend it on toothpick, gussi and prada.. and when the next recession comes we wont have anything to sell again .[/quote] |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by Kobicove(m): 4:19pm On May 16, 2020 |
donbachi: The entire Abacha loot is not up to $2billion...this is far too little to solve Nigeria's forex needs! |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by omonnakoda: 4:24pm On May 16, 2020 |
Kobicove: Much of those needs are not needs but indulgence We import stuff we can and should make e.g face masks as covid19i s teaching us |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by Dollabiz: 4:26pm On May 16, 2020 |
ye |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by Ezmans: 4:28pm On May 16, 2020 |
helinues:Before August dollar I'll reach 500 naira |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by jansonn(m): 4:29pm On May 16, 2020 |
9jaDoomCountry:Baba, that one too na abroad? Lol |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by Nobody: 4:34pm On May 16, 2020 |
jansonn: Boss you just say jappa, you no come state destination. Na im come dey reason am say you jus wan comot for anywhere outside 9ja. Abeg no vex if that place I mention no reach match up your taste. |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by jansonn(m): 4:37pm On May 16, 2020 |
9jaDoomCountry:Vex keh!! Las las God no go shame us |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by Atikulated: 4:57pm On May 16, 2020 |
Three days ago, I withdrew with my GTB MasterCard at the rate of 420$ It keeps going up everyday. helinues:
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Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by Nobody: 4:58pm On May 16, 2020 |
jansonn: Amen o |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by helinues: 5:01pm On May 16, 2020 |
Atikulated: With this news, it will create fears in the market hence hoarding of dollars... |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by Atikulated: 5:11pm On May 16, 2020 |
Exactly, GTB among other banks have also cut down on the monthly expenditure limit on foreign transactions from 1,500$ to 500$ a month. It's really sad. My case is even worse, I don't work nor earn in abroad so it's my Nigerian funds I'm accessing here with all the hikes and limitations. helinues: |
Re: Nigeria Running Out Of FOREX – John Campbell, Ex-US Ambassador by pacificom: 5:30pm On May 16, 2020 |
The issue of currency devaluation is becoming threatening to the revival of Nigerian economy in a tough time like this. This is a matter for the federal government to act swiftly and responsibly before citizens start feeling the heat of the fall in Naira against dollar. It's been long since government have been talking with confidence about diversifying of economy substantially from oil n gas. The wind has now blown and the anus of the hen has been exposed. Hope the arrival of the new chief of staff will have some positive impact and keep us on the way forward. |
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