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Electricity Supply: Nigeria To Propose Naira Payment For Local Gas. - Politics (3) - Nairaland

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Re: Electricity Supply: Nigeria To Propose Naira Payment For Local Gas. by Vmoukam: 2:10pm On Feb 11
Where did Tinubu gather all these people from? You want a multinational company paying it's expatriates in dollars, buying equipments in dollars and repatriating their profits back to their countries to be paid in a local currency that is losing value faster than the value of ashawo in Mafouluku. What will they do with the naira? Eat it? When they can't even exchange it easily back to dollars without going to the black market which is already starved of dollars? Naira that might depreciate by 20% within a month? Aren't these guys determined to pursue all the multinational companies in Nigeria? If they all leave, can Nigerian companies handle the sectors they left since they would still need to acquire dollars for equipments to maintain the plants? Do they have the capacity to take over?

Haaaa. We are in trouble. This is what happens when you appoint bunch of sycophants and cheerleaders in government just to reward them for their sycophancy

Policy of confusion everywhere...
Re: Electricity Supply: Nigeria To Propose Naira Payment For Local Gas. by Godfullsam(m): 2:39pm On Feb 11
4ward4:


Investors usually don't bring in their cash in Local Currencies all over the world, they do in Dollars.
Initially when they came in an pumped in their Dollar, everyone was happy because it gave the economy a boast and now as things goes bad due to our Buhari bad policies ,we want them to share in the blame?
Policies is dead on arrival because no investor will agree.

Don't mind all these educated illiterates that are complaining and insulting the government.

This what has been happening in the power sector for a very long time and no one even took notice or complained about it.
That is why the minister said the are proposing for payment in naira which the investors may decide to reject the proposal.
If the government decides to force naira down their throat, the will ask the government to meet them jn court for breach of contract agreement .
Nigeria government will pay a lot of fine in dollar grin and the investors will pack and go.

The only way this proposal can work is if there is a clause in the contract agreement that gives room for naira payment or in the investors are indigenous/local.
Re: Electricity Supply: Nigeria To Propose Naira Payment For Local Gas. by PHAYOL81: 4:37pm On Feb 11
Sicklebear28:

MannaBBgrills I sighted you

Continue sighting, perhaps, you may see the new moon building up to visibility.
Re: Electricity Supply: Nigeria To Propose Naira Payment For Local Gas. by uzhiyeka(m): 3:03am On Feb 12
Nigeria is just a dream. How did we get here. Oh oo Tribalism Nepotism Religion why.....

I dedicate Sorry 4 Nigeria by Fela kuti.
Re: Electricity Supply: Nigeria To Propose Naira Payment For Local Gas. by Iamanoited: 3:30am On Feb 12
LET US TALK ABOUT CLEAN NAIRA SHORTAGE EVERYWHERE AND NOT DOLLAR SHORTAGE IN NIGERIA.
Re: Electricity Supply: Nigeria To Propose Naira Payment For Local Gas. by Iamanoited: 3:39am On Feb 12
Selling any product in NAIRA in NIGERIA IS A DETERMINATION NOT A PROPOSAL. SO STOP BEING AMATEURISH
Re: Electricity Supply: Nigeria To Propose Naira Payment For Local Gas. by NothingDoMe: 8:27am On Feb 12
Vischy:
Many agbadorians don dey use fake account dey insults apc 😀😀😀😀 They are all traumatised and disappointed
lol
Re: Electricity Supply: Nigeria To Propose Naira Payment For Local Gas. by Sicklebear28: 4:37pm On Feb 12
PHAYOL81:



Continue sighting, perhaps, you may see the new moon building up to visibility.

I catch you red handed

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