₦airaland Forum

It is expected, the rate of the dollar to the naira is used by fuel importers as a benchmark in fuel importation.

So as the dollar is soaring high against the naira,there is bound to be increase in the pump price of petrol


The prices of other goods are already affected by the price of the dollar why not petrol

madridguy:
You can gas light any situation as you like, know this and know peace, Obi will never smell Aso Rock.

Your youths are deserting their land in Anambra. They are running away from Ihiala as the town is getting deserted day by day...

You rant like a kindergarten, what did you gain if Peter did not smell aso rock,is your Tinubu doing well as a president for the past eight months

Does the current economic hardship knows religion and ethnicity.

You are among those that voted incompetence and mediocrity and you are bent on foolishly supporting it using the hate of the Igbos as a shield.

I do not know your tribe,but you smarks like a Yoruba street urchin being paid stipends to support hardship and suffering metted on Nigerians by your adopted daddy

The country is drowning gradually, very soon there will be nothing to hold on to and you and your family will drown along with it as well.

PEACE2023:
No Nation on earth can guarantee Long life, good health and prosperity. None not even the USA or UK.

Good and affordable health care is a sine qua non to long life,aside security and high standard of living.

More avoidable deaths are recorded in Africa than in Europe and America.

illicit:
What do Kings do anyway


🥵

This is a different King from those in Africa.

The prime minister seek his consent on a variety of issues

PressMyButton:
He won't tell his people that FG has increased his state's allocation. FAAC has been sharing no less than 1 trillion monthly.
These irresponsible Governors would rather deflect the attention of their citizens to the FG while they embezzle the state's funds.

Should he use the state fund to feed the people of the state,the present economic hardship experienced all over the country is caused by the federal government.

I think nigerians should start a nationwide protest on this

Dantepet5000:
I just calculated the amount I spend on fuel per week and its #15,000. Imagine. During Jonahs regime is was #5,000... I never even talk of generator fuel and cooking gas oh. See Nepa bill, dstv & other utilities....in this Nigeria we will soon understand why some people venture into crim

That's the reality now,the best solution is to cut down your bills and remove some luxury you can do without.
Indulging in crime is not sustainable and it doesn't pay.

CharleyBright:
As measures to curb the Free Fall of the Naira against the Dollars, the Central Bank of Nigeria has release a statement Banning the use of Foreign Currency in Nigeria

The government is shooting itself on the foot.

The dollar is the most sought after currency all over the world.it is used by many west African countries like Ghana internally and that does not reduce the value of the Ghana cedi

All these are smoke screen approach, they should hold the bull by the horns

RuggedBiafran:
This is the way he developed LAGOS abi?

This is the Economic Strategist ?

This is the so called City boy with finabcial dexterity


APC supporters, who are mostly from the SW, have even made Buhari 'a known failure' look like a superstar.

Tinubu is a disgrace and a fraud that finances idiots and touts to sing his praises.

Shameless people...spits.

Lagos is small and has much reasources

Buhari created a bobby trap for his successor, Tinubu don't want to complain because of party loyalty.

Melagros:
Really, but your input doesn't make sense at all

how

RepoMan007:
You started with Tinubu but admitted it is a structural issue exploited by Buhari.

Tinubu also replicated what Buhari did.knowing fully well that there's not much crude at his disposal

bjdon:
Go and research what the exchange rate was under Abacha. What the price of foodstuffs and fuel were. The military was MASSIVELY better, and we urgently need them back

The money Abacha looted is more than the loots of all nigeria past civilian government put together.

Not to mention the lives he wasted, civilian government still remains the best.

Tinubu greatest mistake is removing fuel subsidy when he knew that his predecessor had mortgaged nigeria oil.

It means he had about 20% to contend with, which he had equally used as payment for loan he collected from AFREXIM

Amid stakeholders rejection of the #1,356.883 exchange rate to a dollar, the CBN on Saturday readjusted the exchange rate on the custom platform to #1,413.62 to one dollar.

Maritime experts says that the increase in the exchange rate means that Nigerian importers will pay more to clear their goods at the port as import duty is benchmarked against the dollar

With this increase, the import duty on goods has now triple within the seven months of Bola Tinubu government.

The worse civilian government is better than the best military government

Military government is synonymous with dictatorship

Following the pulling out of Niger,Mali and Burkina Faso from ECOWAS headed by nigeria president Bola Ahmed Tinubu.

These three countries may sanctioned flights from Nigeria from landing in their countries

muyico:
but I'm not too sure police recused dem!

The government always tell the nigeria masses lies, after paying ransom, they will say police rescued them.

This nation is built on faulty foundation, with lies and deceit, nigerians are not patriotic

I think these killings and kidnapping across the country is a sort of revolt against the present administration.

The solution to all these should be political, this need a political solution

The north are revolting,and the government should be able to interpret their body language.

blacknp:
Are you not the same person that typed this ignorant statement?

prove me wrong and clear my doubt that you are not a daft

blacknp:
It is this kind of person that calls himself an industrialist making this kind of myopic nonsense statement?

your brain power and intelligent quotient is far below average,

it would have been better to just read comments and maintain your sanity than to comment and expose your stupidity in the public domain

blacknp:
You just want the Banks & their owners to get richer with this kind of policy.

They will collect your dollars during the day, & go and sell it @ the black market at night.

It's not even possible as it stands in Nigeria right now because Nigeria politicians store their loots in foreign currencies at home

blacknp:
Source dollars from the same Aboki dominated black market you are lamenting about, or where are you sourcing the Benjamin Franklins from?

You are confused or maybe you have comprehension issues.

I said government officials are doing round tripping with the dollar they collect from the government at the official rates and send to Aboki in the streets,

favor914:
Like I told you earlier, person like yourself wey never change forex before for Nigeria, should not indulge in issues you know nothing about.

Stop exhibiting your ignorance with pride.

Stop bragging because you went to exchange few dollars they sent to you

I am an industrialist,I source for dollars every now and then, you change dollars to naira and I buy dollars with naira

Jlow2:
It’s time tinubu removes shame and call Peter obi for advice

Obi is spewing trash.Can manufacturers use naira to import goods into the country.

Naira can only be used domestically. nigeria is an import dependant nation

favor914:
2,000 people change a 100 dollars, that is 2 million US dollars, no too vex if you no get forex to change.

You go still wan blame person for your own shortcomings?

It's impossible because dollars is scarce,banks abroad doesn't send their currencies to you here in Nigeria,they send naira equivalent with the prevailing exchange rates through Nigeria banks.

favor914:
Ordinary people like myself that get higher value @ the black market for their forex than the bank exchange rate.

It is a matter of choice, people like yourself that don’t make foreign exchange will not understand.

the demand for dollars far outweigh that of the naira you went to exchange at the black market.

Where did Aboki gets the millions of dollars they sell to importers, certainly not from the 100 dollar you went to exchange for the naira

favor914:
I have never changed by euro inflow in the bank, I guess you can tag me a politician also?

You've not answered my question;who gives foreign currencies to the Aboki in Hausa quarters

favor914:
Are you a politician? Quite obvious you never change dollars for Nigeria before.

There's no dollar in the bank but you can find them with the Aboki in the black market

Who gives the Aboki the scarce dollars

Carotone is a good cream,all bady cream has side effects

Your mission has failed because the product is already established in the market

Maybe you want to use the fake you are making to give the product a bad name

Stop it or else nemesis will catch up with you soon

Bullfallo:
How CBN can tackle raising inflation and bring down usd 1$ back to N200 or N500 at most.

1, For Nigerians travelers ( that needs physical cash BTA)
Asign personnel to Exchange fx directly from the Airport only with requirements like visa and traveling ticket evidence.

2, most of the Exchange fx can as well be gotten from the returning at the airport from those who might want to change their fx.

3. A) all Nigerians that needs foreign currency most open an E-naira accounts. Confiscate and mop up all physical foreign currency trading in the market and issue them the digital currency wallet via the e-naira. They can hoard limited fx if they like but it must be the digital on the e-naira wallet and not on the physical notes.

B) Create a dollar, pounds, euro wallet account . (At least the major currency Nigerians are mostly using) inside the E-naira platform where people can conveniently move monies from there enaira account at the approved exchange rate converted to all currency wallets. They can as well convert it back to naira wallet any time as needed.

C) Major importers will have to registered with the CBN and ensure they are truly importers and have their limit increases base on their import capacity. No physical dollar will be giving but digital dollars on their e-naire. Also encourage foreign merchants especially the Chinese to open an enaira wallet for easy transactions. Cbn will need to promote and sell the enaire idea to Chinese merchants.

D) mini importers and others can make purchases online with the enaira dollar mastercards at a minimum limit of 5k or 10k usd a year.

E) flight tickets booking should be done via enaira master cards.

F) school fees or those sending money abroad can use the same enaira cards or crypto currency as it already been done.

Who is giving dollars to the Aboki in the black market.is it not our politicians.

alpharoyalty:
The guy must be ibo.
Only ibos are against tinubu

why,is it not the same market all the tribes in Nigeria are buying things including the Yorubas

Smithkafors:
Please can someone tell me any new thing the government is doing differently from previous government?..

Just one?.

Any improvement anywhere please?.

A lot,this government is handicapped ,all these are efforts to make the naira strong

But,it won't work,the country's Major exports crude oil has been sold in advance and the money looted and wasted on itrelevances

So,all these policies are just trial and error