Acidosis:


In Nigeria, tough times require tough measures ONLY against the common man.

Politicians will always have their way. If I may ask though, why are you against globalisation? The world is a global village now. You can't box people.

Throwback:


Are we at the elite economic level of US or UK?

Do we even measure up to BRICS economies and their infrastructures?


We are talking about saving our own economy.

It is just a 10yr embargo that will stop the bleeding.

Any Nigerian that can source funds from work abroad, can spend it on the schools abroad.

But that N18m to N25m you want to go spend abroad that is earned from the Nigerian economy, you must spend it in UNN or Unijos.

After 10yrs we can take stock of how we have improved our local education sector.

Stop the bleeding.

BitterTruth01:
Lol look at them

This is why you 9-5 job workers should stick to civil service and farming and let capitalists run the economy .

You people from that side are naturally not entrepreneurs . You have no idea how to run a business , how will you run a country ?

Stick to your salary Jobs, you say no
Stick to farming , you say no
Stick to your carpentry and artisanal businesses. , you no gree .

You say you must run the country. Say you dey sophisticated. But you think a country can grow under a socialist system of welfare benefits , and government patronage and control . A palliative economy while free enterprise suffers .

Instead of turning the country into a production. base , na to dey shook eye for other people money. Is that the best you can do ? I dont blame you tho. You cannot give what you don’t have .

But go and do your research, those countries that went the way of Karl Max and Lenin , where dem dey now ?

OGHENAOGIE:
govt isn't run for profit capitalism without govt regulations results in poverty and unfairness...

inosuke:

Too much govt intervention and regulations would prevent people from getting rich only poor

Throwback:


Dude, I studied engineering in Nigeria and also did further studies in same Engineering in foreign schools.

I earn dollars and I have a Nigerian domiciliary account and foreign bank accounts in whatever country my multinational oil job takes me to.

I do not have any reason to complain about the terrible exchange rate as it is to the benefit of people like me.

That being said, Nigeria is very foolish to allow a poor country like itself be subsidising education and providing infrastructure for UK and US schools.

I know how much people like me cough out to pay a session fee abroad, when we have refused to pay a tithe of it in our own local education.

We need to stop the bleeding.

10yrs embargo on foreign education with funds earned in Nigeria, will only help our own economy and our education sector.

Anyone who wants to study abroad should find his/her way there and work and use monies from that economy to pay for the education they require.

UK ensures that the bulk of the money foreigners make in their economy, stays within their economy.

But we Nigerians that are opportune not to be suffering like the masses, are still pouring out the Nigerian funds into West.

The government need to wake up and employ commonsense but humane policies that will help turn the tide.

All I have said is for the love of my country. There is nothing to gain for me, as I would even be one of those to lose my advantage.

Make I accidentally get to power in Nigeria, una go know say Wike no wicked.

All those crying that they want change, they want reform, but in reality they are just unhappy they are the ones left out of a corrupt and loose system they still want to persist, na formatting I go dispense to everything and everyone.

OGHENAOGIE:
govt exists to regulate society... Create balance.. that's why taxes are paid and the Rich is expected to pay More... You don't run govt like you run company for profit which is why govt has intervention services that aren't profit driven...

Rolings:


See them
Because them no succeed put their man there ...then nobody else can do it.
I keep telling you the biggest lie you tell yourselves is that ONLY AN IGBOMAN can make Nigeria great.
How can a people that elect disasters as governors give anybody any lesson of governance

aribisala0:


The best person. That ran the economy was Awolowo
Who took us through a civil war without debt and at the end still hadu twenty pounds to dash our rebellious brothers
His economic legacy Odua investment company is still alive today
The parent company of Wema Bank
The Newspaper he founded. The Tribune is still alive as a going concern and is the oldest surviving newspaper in Nigeria and one of the oldest companies in Nigeria

Tell us which company your people are known for that is older than 50 years

Fembleez1:


All right. Thank you so much, sir. So the bank gave you dollar or they just converted immediately to Naira?

Ibrahimcoomasie:

The richest in Nigeria are still from that two sides. Don't mix up petty trading with entrepreneurship. They are the captains of industries and now the modern IT industries.

In addition, you complain of socialism and welfare state when all the current government has done so far is to break the habit of welfarism i.e. backing the naira with dollars to defend the naira and removing subsidy of fuel. What welfare can be greater than those... Governorment was giving you money to buy gas for cheap so you can drive multiple cars and V8 engines vehicles.

Government was subsidizing the naira so that you can go on foreign trips for cheap and import goods from abroad for cheap.

BitterTruth01:


You better go to work before your boss sacks you

Throwback:
The next step is to outlaw forex processing for foreign education for a minimum of 10yrs.

Any Nigerian that wants to be educated abroad should look for the money abroad.

We have schools here that can take those huge amounts of Naira we employ to buy forex for UK or American or Canadian education.

We need to jump-start our tertiary education system with better infrastructure, improved quality of education, improved salaries, and improved school fees.

Tough times require tough measures.

Throwback:
Very good!

We don't spend dollars in Nigeria. Collect the naira equivalent and spend.

Why government will tolerate that rubbish is quite puzzling.

Nigeria is about the only foolish country that tolerate that nonsense. No sense of economic security.

Next is to ensure domiciliary accounts only get credited with foreign currencies from international transfer to cater for those who work rotations abroad or those who work remotely, and once the account is credited, any amount beyond a certain threshold should be converted to Naira, while whatever is left should be taxed at a monthly rate that ensures that the money is reduced to half of what was left as a foreign currency in the domiciliary account. That will help discourage any plan to retain forex as a means to store wealth in the domiciliary account

This double blow will ensure that those stockpiling forex cash do not have anywhere to offload it within the Nigerian economy.

All forex trading outside of the banking system should carry life imprisonment for economic treason.

I can vouch that 50% of all the forex trading going on in the past 6months, is not serving any economic purpose besides storing wealth.

OGHENAOGIE:
govt isn't run for profit capitalism without govt regulations results in poverty and unfairness...

inosuke:

Are you mad, you don't spend dollars in Nigeria don't mean you shouldnt save in dollars

Throwback:
The next step is to outlaw forex processing for foreign education for a minimum of 10yrs.

Any Nigerian that wants to be educated abroad should look for the money abroad.

We have schools here that can take those huge amounts of Naira we employ to buy forex for UK or American or Canadian education.

We need to jump-start our tertiary education system with better infrastructure, improved quality of education, improved salaries, and improved school fees.

Tough times require tough measures.

ryusufu:
they converted the dollar immediately at the rate of 1480.

inosuke:

I know the government role, tax fund government expenditures true, I am talking about interventing in private business and people business.
By the way, we are funded most by deficit (debt) while they goal is not to make profit, it is better to act like it is a business, fiscal responsibility is important our spending outweighs our revenue, the naira is depreciated making it more costly to pay for loans

BitterTruth01:


Don’t get it twisted.

Government isn’t run for profit but the country is absolutely run for profit .
The only difference is the profit belongs to all its citizens as they’re all shareholders , supposedly.

A country does not exist in isolation. You’re in competition against other countries . All of them are trying to have a trade surplus over you.

But the Nigerian government has not treated us like shareholders . Infact we’ve been treated like the commodity for sale. The constitution is faulty. And its implementation is not inclusive enough. Only the political class and their associate are de facto shareholders reaping all dividends of democracy .

BitterTruth01:


When they’re done with your dollars and they go after your naira , you’ll still be praising them
.
Hope you’re still paying the 50 naira tax for every naira cash deposit . The one Buhari introduced . Be a good citizen and don’t complain

bionixs:
who else? Is it not OBVIOUS?

alphaNomega:


Replace the bolded with Buhaari, Tinubu or any of your favorite politician. Nigeria is beyond economic redemption. Few people are trying to revive what is left of this country. The others are devouring all they can before the eventual end of the country. It is a matter of "when will it happen"

Throwback:
The next step is to outlaw forex processing for foreign education for a minimum of 10yrs.

Any Nigerian that wants to be educated abroad should look for the money abroad.

We have schools here that can take those huge amounts of Naira we employ to buy forex for UK or American or Canadian education.

We need to jump-start our tertiary education system with better infrastructure, improved quality of education, improved salaries, and improved school fees.

Tough times require tough measures.

Hx1x:
Just got this email from WorldRemit.

Seems CBN has quietly re-introduced their policy where people abroad can no longer send foriegn currency directly to folks in Nigeria. Folks in Nigeria now can only receive the naira equivalent of the money sent.

I've checked Western Union and seems to be the same as well. Moneygram still allows dollars to be sent, but can only be picked up. Can't send to a dorm account any more.

I have checked and haven't seen any news on this.