₦airaland Forum

Penguin2:
A lot of brouhaha has gone about the Naira redesign policy which has pathetically been dangerously politicized with some politicians scheming on how to defeat it.

While some are scheming to defeat the policy because they think it puts them at a disadvantage, some others are throwing their weight fully behind the policy because they believe it will give them a fighting chance against some supposed heavyweight politicians with heavy financial war chest to prosecute the upcoming elections.

But away from politics, let’s try to make a dispassionate appraisal of the policy, highlight its numerous advantages and why well meaning Nigerians should support it to succeed.

1) CORRUPTION
One of the major things that the cashless policy being pursued by the CBN through Naira Redesigning will tackle, greatly, is corruption. Every keen follower of the Nigerian system knows that most illicit funds that are being stolen from govt coffers are moved in cash to avoid being traced by govt anti money laundering agencies. But with the introduction of cashless policy, if it succeeds, it will now be increasingly difficult for these scrupulous elements to move illicit funds as almost every electronic transaction can be traced through the help of BVN.

2) INSECURITY
A popular maxim in the security sector is that “security is an expensive venture”. It is the reason billions are budgeted for it.

But just like security, insecurity is similarly an expensive venture. It costs millions to buy guns and maintain supply of logistics. Now, the money used for this venture is moved through the “black market” in cash to avoid triggering suspicion from security agencies.

Now, if this policy succeeds, cash will disappear from the system and these guys will be forced to either source funding in alternative currency or be forced to pack up. I hope you don’t believe the propaganda that they have Ghana Must Go of the new currency?

3) KIDNAPPING AND RANSOM TAKING
There’s this question that people have been asking as if it’s a joke but when you think through it critically, you would realize it’s actually true.

When last did you hear of kidnap since the Naira Redesign was introduced? Well, even the kidnappers know that kidnapping anybody and demanding for millions of naira in cash to be dropped off in whatever location is now equivalent to wild goose chase. Because the average Nigerian, and even the rich, cannot boast of 50,000 naira cash right now, not to talk of millions of Naira.

So, in the long run, it’s either these guys start to demand their ransom in dollars, for instance, which they know cannot be easily sourced or they begin to dare the authorities by accepting ransom through bank transfers which will expose them to easy arrest. Or alternatively, they would be forced to close shop.

4) MORE REVENUE FOR GOVERNMENT AND BANKS

For every electronic transaction in Nigeria, government has a 7.5% VAT that will go to it. Now, with almost everyone forced to start making payments via the electronic means, it means that there would be spike in electronic transactions which would also translate to more revenue to the government. A revenue that if used judiciously will aide the provision of social amenities and infrastructures.

On the side of the banks, with near disappearance of cash from the economy, most people who previously did not have a bank account would be forced to open a bank account as absence of it would mean you might have to close shop. Now, just like the government owns about 7.5% VAT on every transaction, so also does the banks have their own percentage which would translate to increase in revenue accruable to banks. And more revenue, banks will have more funds to either recruit more staff or pay their current staff better; a gain for Nigerians working in the bank.

5) GROWTH IN FINTECHs
Before this policy, Nigeria was already touted as the Fintech capital of the world, but with this policy, I expect Nigeria to cement her place as the Fintech capital of the world and even give an insurmountable gap to other nations in that regard.

Why do I say this? In that period when bank apps were failing, Nigerians resorted to some Fintect platforms like Opay, PalmPay, Sparkle, etc. I was surprised the day somebody made a payment to me with Sparkle ❇️. Before then, I had only heard about the platform once.

So, that’s it. This policy will help in the development and growth of Fintechs like these which would create heavy financial inflows for their owners. And I’m sure some of these platforms are owned by Nigerians. And even when not owned by Nigerians, they still offer employment to Nigerians and their growth means the possibility of need for more number of staff which will translate to jobs for Nigerians.

There you have it.

While I acknowledge some immediate discomforts that comes with the implementation of the policy, the long term benefits that the policy will bring far outweighs whatever short term discomforts it is causing us.

So, I join the President and the CBN Governor in appealing to us, Nigerians, to allow the policy succeed and not join some scrupulous politicians who are only after their selfish interest to sabotage this laudable policy.

Penguin is a bird of reason

Nlfpmod
Mynd44

- Reduce cash in circulation.
- Eliminate vote buying.

salesbloo:
You see why APC Governors are right




I can deposit 500K in 5 different bank accounts making 2.5m meaning old notes is still a legal tender .....since the deadline specified is April 10 . Alternatively if you have individual and corporate accounts ....500k in each account

On the other hand if the above scenario is not plausible because of BVN, instead of depositing it, since there are no new naira notes, I will just spend it .Why should I return them since there is no new naira notes and no deadline. Let continue to recirculate them, CBN want to scam us again. To get old or new notes you pay as high as 20%


Redesign Policy is completely defeated

Am I right or wrong?

The joke will be on you, unfortunately, if you believe that the policy is defeated.

Old notes have become outdated everywhere in Lagos. The market people have since stopped buying or selling with the old notes. Buses have been rejecting them, and that's with the order of Sanwo Olu in Lagos.

We can use Lagos to measure what happening in the rest of the SW. What happens in Lagos has a spill over effect in the rest of the SW especially and in a lot of cases, the rest of the country. Do not forget that Lagos is the commercial capital of the entire federation.

The SE and SS have rejected the old notes and they are no longer usable there. How can you reverse that?

The CBN knows the tricks that the public will apply. They know that people with several accounts will use several banks. Ask yourself how easy you can find it to deposit in the banks, with the long queues daily.

The gra gra of the governors will not help. Everyone has listened to the FG. No reasonable market person wants to listen to El rufai or Ganduje. No one wants to take the risk anymore.

The wahala finally is on the politicians, BDCs and criminal gangs across all parties and the country. Now they are the ones who struggle with the matter.

So we can truly see that APC has never been one party. Clearly they fused several parties together to get power at the center. They never got one single thing right.

Our votes matter. Incompetence must not be allowed anymore. Buhari promised "I am for all, I am for no one". He promised intergrity. He promised credible elections. Now he is going out with his head held high.

PO is needed.

Brendaniel:
I was suspecting it will be in the north and I was right, the man was bringing 50 million to deposit, they asked him what has he been doing since?

If this man who is not a politician can still have such amount with him, you can imagine what evil politicians will still be having with them. You now see why they are crying up and down, vote buying gone wrong.

The problem now be say how dem go take answer the question, when individuals dey deposit above N5m and companies above N10m.

Which Lagos again? The ship set sail a long ago. Now market women, bus drivers, etc have stopped completely receiving the old 500 and 1000 notes all over Lagos. If you have old notes in Lagos, go laminate am keep for house. Even abokis have started rejecting them.

Make una beg this AG to let sleeping dogs lie.

jjxxx:
When has any Igbo group supported Yoruba candidacy in Nigeria? Here u have most Yoruba groups and forums and individuals supporting PO. I myself and my entire family are all OBIdient and I and a Yoruba man married to a delta Igbo woman. Most of u get the true Yoruba wrong. Mistaking Muslim Yoruba for the rest. Even at that, there are still good Yoruba Muslim that stands for the truth.
Truth be told, igbos are most dubious among all tribes in Nigeria. An Igbo man can even betray his fellow Igbo man because of materialism or selfish gain. The most disunited tribe in Nigeria. I schooled in UNIZIK and I know how tribalistic igbos are. But I still don’t care about that and I remain OBIdient because we see some light in him.
Obi-Datti for 2023 till 2030

Oga make we hear something abeg. Which of the tribes of this country will you not find dubious people. Can you count how many politicians of other tribes who are either in prison or being proved by the police, NFIU, EFCC or ICPC. You gan gan may be a dubious person if we check.

How old were you between 1999 and 2003, when the SW voted in favour of AD? Obasanjo a son of the SW was supported by the SE to defeat AD and ANPP. He got the SE votes again in 2003.

Igbos are dubious, yet you are married to an Igbo lady, according to you. Bros carry your yeye story go far. What is very clear is that you have all your life benefitted from the Igbos and your reward to them is your support for PO. His supporters are not there on tribal basis. They are there because they believe in a better country with him as the President.

There is nothing like true Yoruba, as far as I am concerned. Individuals differ in their thoughts. Just as Obi has supporters of the Yoruba race, BAT has supporters of the Igbo race. The same goes for Atiku and Kwakwanso, who have solid basis in the SE, SS and SW.

Politicians have messed up your mind. If people like you stop degradingly looking at others; If you stop this tribal and racial sentiments; we will have a better country, where we all look at ourselves as we used to before 1999, as Nigerians.

Walllee:
Goat that sounds intelligent but a big idiot,your mumu education no teach u not to generalize,so their are no dubious people in other tribes only the Igbos,abi na all the Igbos are business people,all ur people in Police,civil services that filled to the brim with corruption are all innocent people,only Igbos.idiot wey no get sense

No mind the Muntula. He is trying to tell us that there are no dubious people in his own tribe. Himself if you look am, fit be very dubious and diabolic person. Social media na im e hide put.

Tareq1105:
Says who? Se other tribes are not selling them?

Ah, na you come join matter?

Have you forgotten that others buy from them and sell to you?
Wake up na bros. No fall your own hand.

DaddyFreeze2020:
Igbo people are naturally dubious people when it comes to business. Even I prefer buying things from a Hausa man than going to an Igbo man's shop to buy.
However, I see a character in Peter Obi which is very different from that of his kinsmen.

Yes oo.

However let me remind you the following:

1. The clothes on your body are sold by the Igbos
2. Your shoes by the Igbos
3. Your phone, laptop, all electronic, electric and technological gadgets are sold by the Igbos.
4. The furniture in your house na Igbos
5. The roof over your head na Igbos
6. Your toothbrush/paste na Igbos
7. The buglary proof to protect you na Igbos
8. Security gadgets na Igbos
9. Fire detector na Igbos
10. Car na Igbos
The korope, Keke Napep and all transport vehicles na Igbos
10. Your cooking utensils na Igbos
There are too many others to mention.


Bros can you not see that the people you hate actually have you in the balls? They control every aspect of your life.

Simple clap for them, as them too pass you.

Finestgurlie:
Hahahahahaha
Buhari pepper dem ooo

now I join to call Buhari our darling daddy
hahahahaha

Even that one no see mouth call our darling daddy again o. You no see say as otimkpu concern, im don carry im waka follow BAT?

Darling daddy don show dem all at the last minute.

SLAP44:


Arrest the woman for trying to form a parallel government immediately

I solidly made bowl of isi ewu and a very chilled bottle of beer is what you need for your comment.

SLAP44:
They died in vain.

How?

Why not relocate to you the rest became history.
Everyday killing in Lagos, Ogun and Ondo, but they don’t care.

To batified.

O to ghe people. Una eye never see something. Na here we dey una dey shout o to ghe up and down. Na the result be this.

As for me I support Buhari over this. The advantages are too many to enjoy.

austinvsb:
Someone above said Obidients will start to canvass for interim government and here we go! What exactly is wrong with you guys and supporting immoral and unjust acts as long as you think it favors your candidate.

I am truly scared for Nigeria if Obi and his Mob-of supporters win this election

Iti make we hear word.

Stop disgracing yourself oga. What is the advantage of an interim government to Peter Obi, who is waiting to get in Aso rock? What is the advantage to opposition parties?

By the way, when you talk about mobs and thugs, who is known to have control and support of all mobs in the SW? Tinubu ofcourse. His supporters have consistently threatened fire and brimstone on citizens whether Tinubu wins or not. You are the thugs and mobs please.

SouthSouth1914:
This is laughable analysis. You must be living in Pluto. Let Buhari travel through Kaduna without his security details.

Infact after his tenure, he will not dare travel without security.

Hmmm.

The greatest threat to APC is APC itself.
The greatest enemy of APC is APC.
The originator of interim government stories are APC members

Opposition parties have not complained. They have not felt threatened in anyway that Buhari will not leave in May. The opposition is not scared in anyway

The dispute over our currency started with APC members. They cry the loudest. The petrol crisis that we experience today in an APC controlled goverent, has APC members screaming the loudest.

It is getting clearer by the day that APC will disintegrate when, by God's grace, BAT is roundly defeated by either Peter Obi, Atiku Abubakar or Rabiu Kwakwanso. Those who joined hands, legs, ears, etc, to form the party will demand for their contributions and return to their respective regions.

Buhari has persistently informed Nigerians of his burning desire to leave Aso rock at the end of his tenure in May. APC members do not trust him. Which kind wahala be this abeg?

obembet:
Without Mbappe there is no penetration on the left flank..Other PSG players don't even dare to take defenders one on one..They just pass backwards and sideways.

Messi is just useless and overated, he can't even get single shot on target, maybe he's looking for free penalty as usual.

That world cup medal dey pain you die. Chai, e no easy. Abeg no dey use third mainland bridge o. Or abeg make you no dey near transformer. Make you dey run for rope o.

Messi remains the greatest. His mates are Arantes de Nasimento, popularly called Pele and Diego Amando Maradona.

Is champions league easy, why Ronaldo run quickly go Saudi Arabia? Messi is there performing day I, day out. Please support better thing.

Emmyreal4:
Goat roasted

Psg is now in God's hands when they play Bayern at their home.

"Goat roasted", but still undisputably the best. When will the other Goat in Saudi Arabia win the world cup? Now no more champions league for him. E no easy na bro.

SLAP44:
It's unbelievable, Peter Obi can never give you shi shi. Obi is only generous when it's a good cause that will benefit everyone.

I repeat, Peter Obi cannot try to buy a steugglling, washed out, low quality critic who's opinion remains insignificant.

Deji is just chasing clout and trying all he can to get Peter Obi to respond to him, thereby feeding his bloated ego that a whole next president is defending himself against a nobody

We have decided to vote for Peter Obi and Datti Ahmed, all these noisemakers should go and get a job in a nearby farm because Peter Obi's policies will make farmers richer.

He made complete mockery of himself. He showed himself a worthless lowlife and a scoundrel.

Did you not read the lie? He said that he spent three hours with Peter Obi. Do you think that Obi has the luxury of three hours to spent with such a fellow, justifying how he spent state resources? Let's agree but not concede that Obi gave him an envelope. Was that not the original intention of the attention seeking rat from hell? Maybe his bitterness is that the envelope was not as big as Atiku's usual envelop to idiots like him.

I long learnt how to completely ignore Deji Adeyanju and his likes. I never read what they write. It is a total waste of time.

Very good.

See the rastaman inside dem. Na day one day make everybody take say rastaman with that hairstyle na criminal.

Na to first take the matchet cut dem make dem feel the pain too.

Worthless scoundrels.

dazzlingd:
this is due to poor medical facilities.. She can be cured if she get the right medical attention

Only science can save her, all the shameless miracle working con artist pastors in Nigeria don heal famous people

Iti.
Shame no catch you that you did not ask what led to the blindness. You do not need even know that there are certain eye diseases that are scientifically not treatable presently.
See your head like Alfa shoes.

doggedfighter:
Is she diabetic ?


The things that life throws at people sometimes can be too much to take.


Blindness is one of them




May she recover her sight.

Amen. Very painful. Maybe glaucoma, maculopathy, etc, not seen early enough. Please ignore those roadside eye doctors who only know how to prescribe wrong glasses. Everyone must get their eyes checked early enough. Early detection will prevent blindness.

I pray sincerely that the Lord will heal her.

trutharena:
E no go better for anyone that is packaging the failure Peter Obi for Nigeria.

I really feel sorry for the people in the market. Some are trapped inside? The fire is burning, and yet there is no functioning fire service to quench it.

Una wey dey repackage APC to continue, e no better for una reach now and e can never better for una again. That misery, hardship and penury wey una choose, na him una go take live all una life.

Is Obi the governor of Anambra state? Is he the MD of the state's fire service?

Is he not already a bastard. When he left APC to pretentiously join LP, was he not a bastard. Lying to himself that LP is there to share money, when we all know that LP is no SHISHI party, is he not a bastard? When he and his tiny group could not find shishi to grease their pockets from LP, was he not showing himself as a complete bastard?

When we say Nigeria must remain as one, how can we expect it with such irresponsible people in political offices? You have vowed to vote for Tinubu because he is your own and you expect the same Tinubu to get votes from other parts of the country, to become the President of a Federal republic of Nigeria that should include other tribes that you asked your voters to avoid, is that not the height of ignorance, completely foolish and endless servitude to the failed leaders that you believe in?

Obi's supporters thankfully do not follow him on the basis of his tribe. The follow integrity, accountability and trust to deliver.

Bastards who are miles in LP can choose to either leave or remain. If Obi loses, his followers can have their peace of mind, knowing that truthfully they did their best to change Nigeria, elect the best candidate, but tribalists like this yeye fellow chose make life harder.

Once again for me, it is Obi first. If he fails, then it is Atiku and Kwakanso in that order. We know without doubt, that a Tinubu presidency will be catastrophic for other tribes in the SW.

coolcharm:
Lol... Even the courts know that the Supreme court gave a kangaroo judgment in the first place.

The SC never had the jurisdiction to entertain that case in the first place. We will find out tomorrow.

All criminal politicians and kidnappers must suffer losses.

Now someone is making sense. The question continues to remain: does the supreme Court have the jurisdiction to hear the case? Please lawyers, let's have your response.

Where did the structure come from? I thought they said there was no structure?

Amebo. Why you no close your window? Put earpiece or cottonwool.

You dey there dey peep dem everyday and night. You wan kill yourself? You for kuku carry your own babe dey do as you like day and night sef. Abi you dey plan to collect lady for the owner hand?

galantjoe:
The guy used his hand to kill himself. Uncontrolled anger can lead to death.
The driver run is best way to save his life. By the way, na two fighting, the deceased man was first to slap him.

These small gals lie alot, don't surprise that she might be telling lie just to punish the driver or to change sch.

You deserve to be called A VERY BIG FOOL.

Now his life has become better. He will become educated and not taught how to parade the streets as an alaye. He will be sent to school. He has a great future ahead as Obi will ensure that, as the boy requested on that day.

CoronaVirusRelo:
Peter Obi is so good with it!


Capitalizing on the situation of people to campaign!

He has exploited the handicapped, hungry and the mentally unstable.

I have never seen or read about a desperate politician like Peter

Who shouted "emi lo kan"? Was it Obi?
Who shouted "get me there"? Was it Obi?
Who shouted "eleyi" out of frustration? Was it Obi?
Between Obi and your oga, please tell us the desperate person, with those words.

If you have never seen or read, then it means that you are either deaf or blind.

Godwin4444:
Is it not madness to see a knowledgeable man like this n go for a trader who supported economic sabotage like pandora

How is peter obi different from emefiele?

They both hoarded money n allowed the masses to suffer, obi did same in anambra by stashing people money in banks to yield interest for him n also saving peoples money n let them suffer


Imagine obi supporting this madness, n it’s super annoying that the same people who are supporting obi n emefiele are also queuing in banks for hours to get their money

They said it’s cool to suffer once it will make Tinubu suffer, same mindset of let’s allow unknown gunmen kill us so buhari can suffer

At d end of d day, did Tinubu suffer?
At d end of d day, did buhari suffer?


I urge Nigerians not to vote for people who believe when they stab themselves their neighbors will n affected


Vote a man who understands d economy n has a clear cut pattern on how to make things work out n not an Igbo hype whom they themselves cursed him when he was governing them

Imagine when u mistakenly vote obi n he wants to punish an opponent he knows wants to go n withdraw in bank, the senseless peter obi can urge all banks not to open cos of one man not minding millions of people that will suffer

Who is the knowledgeable man? Is it still a secret to you that what Tinubu proposed was given to him by a member of his so called "team"? How would he ever have had the idea please?

Imagine you mistakenly vote Tinubu, are you not going to make enter into abject poverty, endless misery and pain?

After 8 years APC still tells us that PDP is the cause of the problem. Tinubu and his team proffer solution that they know will never work.

We no longer want unaccountable leaders.