₦airaland Forum

bushdoc9919:
Well....we will still be able to import. Just not using credit cards.

And we do manufacture a lot of our drugs....plus we get some at subsidised prices.

Point of corrections: Peeps are using debit cards- which is the most effective way of fighting money laundering- there is an online paper trail by bank, issuer of debit card, CBN and merchant- this also solves our cashless policy issues- small fees to handle electronic money seamlessly.
Bank transfers are banned since u can't make deposit into ur dom accounts.. So how can you pay ur merchants, suppliers and service providers? Naija economy depends on the informal sectors- that photographer around the street bought his Nikkon camera from online or importer, the toner cartridge or ink of ur ink is made overseas..the parts for ur cellphones, accessories, electrical fittings are all made overseas.
Back to drugs- Naija manufactures analgesic and but imports most RX drugs.. Go to a local pharmacy and confirm..
We need govt to set its priorities right and have at least a ten-yr plan. Power first and policy framework

shadowripper:
You are such a maggot!

Do you think its only by Card you can pay online? What happens to PayPal and Bank Transfer.

Look at this one wasting his time on the keyboard spewing rubbish!!!

If you dont know, STUDY

Replica of Sophisticated idiocy! PayPal is part of POS... Online transaction.. Banks don't do transfer-outbound.. Naija youths wallowing in ignorance since 1900

bushdoc9919:
CBN guvnor is doing what the central banker of a resource dependent country does when the selling price of the resource is falling.....HOARD DOLLARS AT ALL COSTS.

You will still be able to do your transactions from home.....just use your naira card instead of your dollar card for domestic transactions.

It is the foreign transactions that may be problematic. Simply put...you can only spend $300 a day on your dollar/naira card.

Because the CBN has to hoard dollars so that it won't reach N500 to $1.(Which would make things more difficult for you.).

It is happening in other oil dependent countries. Like Venezuela....the country's beer producer cannot import barley to make beer because of govt dollar restrictions....so beer might run out in Venezuela.

Ultimately we need to diversify away from oil. Even if GEJ had saved all the oil money when he was in charge.....it just means we would be having this conversation next year.....instead of this year.

Do u realize that Naija is an import dependent country. You have to import machinery to build factories? We import refined fuel because our refineries are not working. Your cellphone, Microwave, laptop, fridge, and fans are all made overseas.. We import steel for construction of houses, factories, bridges, roads..If u been to the hospital lately, 80% of drugs prescribed are made overseas. This has wider implications. This economy is grinding to a halt. This staccato manner of banning everything is going to collapse this economy tethering on the brink of collapse.

shadowripper:
Best way forward

You ask me why? Ask China.

This is another way of imposing what China did some years back. By pegging how we spend, we will focus on other areas that has been laying there just looking. Now, all attention will go to Aba made shoes instead of buying the italian one online for $1,298.

On the long run, we are making this country a better place forcefully.

Just tell me where in Aba u bought ur Chinco made phones and laptops Do folks like u think b4 u type

Too Much Information.. Why are we talking virginity instead of accountability of govt funds??

But he approved N165 to $1 for HAJJ prigrims, thereby making the govt pay for additional N35 per $1. So if Nigerians spend $20m on Hajj, FG will pay more than $4m.. Why is this govt subsidizing religion?

It's yash guys... Onle good for sh-I-t

osesology:
why u dey hate? as far as Nigerian football history goes, Kanu is a football legend. Most of his archievements, no other player has archieved it in Nigeria. no matter what ethnic group u belonge, merit should be given to those who merit it. so stop hating for nothing.

Don't mind him.. And most importantly, he has poured in millions of €$£ to help kids with heart problem.. Oh ok Naija politrickians are legends

firstEVA:
she is engaged to a man with a wife somewhere.

why are all our Nollywood actresses always into men who are either married or formerly married or with children, no single guys again? pathetic

Single guys are not loaded.. These girls are high maintenance and are looking for someone old pot-bellied guys to pick the bill

HungerBAD:
Kanu a Legend?take time OP and no dey use that word Legend anyhow.

Meanwhile, nice car. Na God bless you.

All these Arsenal Supporters calling Kanu a Legend, just wondering what we will call Segun Odegbami and Rashidi Yekini.

Poor folks always hating or offering pieces of advice to successful ones..tell me how many peeps in ur state that we have won the following: Champions league, Super Cup, FA Cup, Premier League, Olympic Gold Medal.... Need I list more??

Naija always celebrating trivialities since 1000BC.. Privileged kid like him should be inventing something like apps

It's not an African thing! George Bush Jnr still respects his mum

Praise singing b4 accomplishments.. Let ur accomplishments speak for u.. You can never hide pregrancy!!

Always blaming and bashing the poor!

We barked when GEJ used police, an executive arm, to stop NASS from performing its function--I'm no fan of NASS, but we must bark when APC tries to do the same... It's about senate rules not the constitution of Naija. How could it forge its rule when it had not been convened?

We don't need this! Another way to enrich politickricians and their cronies. Richard Branson failed and said that it was his greatest mistake venturing into Naija aviation business.

disumusa:
nonsense, this ibo man lack faculties to reason and understand that obj riged the five state for pdp,he was unable to rig lagos b/c of jagaba old lagos tight.

Obasanjo, an "Igbo"man rigged for Ladoja and to become governors; Bankole and co to become lawmakers; for Fayose and Mimiko to become governors?? Has your jaundiced memory been struck by Hiroshima-like atomic bomb?

Another avenue to chop money!!

only Lagos State out 6 SW states played opposition for 16yrs.. OBJ swept SW states except Lagos!!

pharmow:
The mistake most southerners make is that they think northerners don't go to school. Honestly speaking, few northerners that go to school do so very well. The region he comes from aside, does this man profile not qualify him for the position?

Keep ignoring facts. 10m northern kids arent going to school.. Mistake northerners make is that they delude themselves into thinking that occupying top positions in govt means educating their population

Using God's name to steal since 1000BC..

Naija dishing out arrogant idiocy since 1000BC

Activa:
Point of correction.

Phcn generates about 4000MW.

Nigeria (or Nigerians) generate far more than that though in an expensive way.

It was not the 4000MW that made Nigeria become the biggest economy in Africa.

Another delusional folk talking.. Some assignments for u. Check out GDP per capita vs S/Africa, factory output/capacity utilization
What percentage of our GDP comes from manufacuring? How many durable goods do we manufacture?

toopsy22:
the reigning miss unilag is from Law,,
Sylvia nduka - accounting former MBGN

Ok- one in a thousand.. How about engineering, medicine, pharmacy??

loifez123:
Dollar is crashing already. As at yesterday it was at 218 from 245 (I went to buy dollar from mallam so I am 101% sure.

We are too given to shortcuts which is why people shout when measures are put in place to safeguard the Naira. Should we have continued encouraging importation of goods we can manufacture locally which will in turn encourage exportation and bring value to the Naira

The panic buying was just for a short while and the ban is beginning to pay off..... Dollar is crashing big time.... if in doubt, call your bureau de change operator to confirm before quoting me and saying shenanigans.........

Stop blaming manufacturers! This has been going for more than a yr. We can't ban our way to economic freedom.. Stupidity is expecting Naija to be a manufacturing nation when it generates 4000MW.

How come none of them is studying medicine, engineering, law, pharmacy, accounting?
Beauty without brains?

The irony of this is that most Hausas, who are strong proponents of one-Naija, don't live by examples- they invest and live in Abuja and north, they have disenfranchised 10m kids of primary education, causing Naija to be brought to her knees by BH.
Most Yorubas who are proponents of decentralized FG, live and invest in SW/ Abuja axis.
But most Igbos who are proponents of decentralized FG; build, educate, live and invest in all parts of Naija. They show more trust in Naija by their action than Hausa and Yorubas.. Time to put ur money where ur mouth is!

And most importantly, US will charge all those involved and unseal indictment againt Naija politrickians involved.. They did it against Atiku when US Congressman, Will Jeferson, accepted bribe on Atiku's behalf. They did against Andy Ubah, when he stashed cash in suitcases on OBJ's presidential plane to US. They later charged him and all his accomplices.
They charged and made public Equatorial Guinea's $700m money laundering with Riggs Bank.. They named president Teodoro Obiang Nguema, his son and officials..
In the US, there is investigation, indictment, charge, and prosecution.. Not trying in the court of public opinion

I'm summary, the rich rip off the poor to get richer in Naija.. Rich don't care about poor ppl while the poor die and protect the rich

fr3do:
How can you start shooting in an operation to apprehend weed smokers?

No wonder some peeps call it Zoological republic!

So White House gave different figures to Oshiomole and Mrs Abiola??

Clueless leadership!