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EducationRe: Why you must not attend a Polytechnic by Datedoboy(op): 5:38pm On Feb 04, 2024
Coldspice:
Your problem is not the institution, you are actually a very unfortunate fellow.

Even if you attend a University, you will blame your course of study for your misfortune.

If you study your desired course, you will blame your class of degree for your misfortune

If you even get a very good class of degree, you will blame the government.

Leave story and blame your village people. They have made you unable to see opportunities.
Lol. You're pained because you are working in a polytechnic right ? I get cos once Government close all those mushroom Polytechnics you might be out of job.

You are right my problem is not the institution, neither is it the Government nor is it the unsuspecting students that go to Polytechnics.

My problem is people like you who tell people to blame village people after spoiling peoples lives by giving them wrong advice due to your selfish reasons. You want to keep eating from peoples ignorance and sweat and tell them school doesn't matter

I'm fortunate today because Nigerian Polytechnics didn't get a hold on me and i will advice others not to enter their trap.

Maybe you teach in a polytechnic a.k.a slave camp but trust me, very soon your school will be scraped and unsuspecting students will be free from your grip. Mr Fortunatus
EducationRe: Why you must not attend a Polytechnic by Datedoboy(op):
jaeyking:
You dey mind am

Just open mouth dey talk anyhow

I have seen support staffs with BSC

Recently Union bank is even recruiting BSC for marketing role

So our own goal Na to get better thing
You don't get my point? I have friends who started as support staff with BSC and today all have gotten a better offer with another bank. Can't say the same for my colleagues who started banking with HND. Very few got a better offer. Most were turned down at interview stage due to HND. BSC and HND won't guarantee jobs but out of two people, if one have HND and the other has BSC and both have same experience, the one with BSC will have an edge in getting a better offer
EducationRe: Why you must not attend a Polytechnic by Datedoboy(op): 5:08pm On Feb 04, 2024
Coldspice:
Now, I know that you are a very very ignorant fellow. My own uncle in Wema Bank is a Regional Manager. He doesn't have a University degree, what he has is an HND. He joined when he left Ilaro Poly.

I have been involved in several recruitments in the technology space. In fact, in the last promotion round, one of the people promoted has an HND from Yabatech. She is currently supervising those with University Degrees from Covenant, Uniport and other schools.
Even though i know there is always an exemption to a norm, the example you quoted are very few, for every one of your uncle who got managerial position with HND, i will show you hundreds of BSC holders who got same. I will also show you thousands of HND holders who did not even though they are good.

Tech space is dynamic bro. Many HND holders are not in tech. Majority are slaves in all the top tier banks. You mentioned Wema. I'm talking about all the tier 1 banks like Zenith, First bank, Access, GTb and UBA. That your uncle won't get such positions in these banks.
EducationRe: Why you must not attend a Polytechnic by Datedoboy(op): 5:01pm On Feb 04, 2024
balaclava:
Wether B.Sc or HND or their seniors, M.Sc, M.A or PHd... better go and get a skill.

In Nigeria and in the future all the above will matter but little, it is your skill that will sell.

The papers issued when you get all these qualifications are nothing but papers but your skill is the real you internalised.

Remember I didn't say don't get them, I said also get a skill.
My take is, get a skill or get BSC or get both but avoid Polytechnics. I have seen a lot . Discrimination is high especially in corporate environment
EducationRe: Why you must not attend a Polytechnic by Datedoboy(op): 4:58pm On Feb 04, 2024
bdon12:
I work in d oil n gas sector...companies like shell,chevron ,nlng etc rely on polytechnic graduates for tech jobs.Oil rig workers etc are usually mech or electrical engineering frm polytechnic.
Dont be ignorant.if mobil employ 200 peopl..180 will be technicians wit polytechnic hnd as their engineers.they do not employ bsc as engineers bt as managers.We hav more bsc graduates engineers who are jobless than polytechnic
When will you get that they are trying to save cost? See what you said. Bsc as managers. Except a person don't want to get to managerial level and want to be a subordinate all through life then such a person can go to Polytechnics
EducationRe: Why you must not attend a Polytechnic by Datedoboy(op): 7:41am On Feb 04, 2024
jaeyking:
In the banking sector
You are either a professional staff or a support staff

The role of professional staff can either be an HND or BSC depending on the bank in question
The professional staff end up been team lead, managers and co

But the role of support staff is support and still level up to 5

I have seen BSC holders as support staffs, HND holders as professional staffs

Some have degree and msc but have no job

Truth is the same support staff u are scolding earns a minimum of 100k

Things happen differently
We all pray for God to make his light and mercy be upon us to succeed in life

Lastly a man who had no WAEC ruled this country for 8 years
I agree with some of your comments but setting up yourself for failure by going to Polytechnics should be discouraged. Because some others were fortunate doesn't mean many will be.

I've seen support staff with years of experience earn 160k which their BSC counterparts from training school earn around 300k with other allowances. Which is better?

I know we need to pray to God but let's put in a good job first. A good job here is learning a good trade well or going to the University.

Ask yourself, the lecturers teaching in Polytechnics did they get the job with only their HND? Many later went to university to get a proper Degree when they saw that there was no hope in the useless HND but won't advice new students to avoid time wasting because it's all about money.

Many polytechnic lecturers tell their children not to come to Polytechnics but don't advice other people's children not to do same which is wrong.

I'm not saying once you get BSC you will have job but you have set a fine foundation. If you want to build a house, once the foundation is good you can build on it anytime and it will stand but when the foundation is bad, anything you build on it will collapse.

Most HR in Nigerian Banks that i know, won't treat someone that started his career with HND same way as someone who started with BSC.

To avoid this problem, scrap HND they will say No. So it is left for the wise ones to avoid Polytechnics.

Trust me if all Nigerians boycott Polytechnics, they will turn them to degree awarding institutions.

See NUC recent rants about HND top up program. They said you can't get BSC after 5 years HND with top up program.

To them you are same with WAEC holders and should start from scratch. What nonsense!!!
EducationRe: Why you must not attend a Polytechnic by Datedoboy(op): 7:26am On Feb 04, 2024
dangoteinlaw:
My side babe that passed through hnd I seriously feel for her now. It’s been such a tough journey for her and yet she’s still no where. Imagine finishing hnd still don’t know where you are headed. Hnd is a huge scam just like Nigeria economy.
Just imagine!!! and the people who should have enlightened her better are still in the Polytechnics threatening new students to pay increased rubbish fees.
EducationRe: Why you must not attend a Polytechnic by Datedoboy(op): 7:10am On Feb 04, 2024
NwaliE01:
In the banking sector, OND/HND is not much different from O level. Please, avoid HND if you can.
Fantastic! This is the type of comment we want. Let's spread the truth. God bless you for saying the truth.

I might not make much impact but with what is seen in Nigeria, i will try my best to stop the slave treatment given to Polytechnic graduates
EducationRe: Why you must not attend a Polytechnic by Datedoboy(op): 7:07am On Feb 04, 2024
ruggedtimi:
In the oil and gas sector most companies prefer HND holders because they are likely more skillful than BSc holders
How many HND graduates get to work for Oil companies? I'm talking about the majority here.

It is not because they are more skillful it is because the companies want cheap labour. All I'm saying is don't go to Polytechnics as it will make companies price you cheap
EducationRe: Why you must not attend a Polytechnic by Datedoboy(op): 7:04am On Feb 04, 2024
chubinwa:
Rubbish. Just pray for connection. Weather hbd or BSC. If you no get connection, your joblessness go long.
This is Nigeria's problem. This is a serious issue not rubbish. Everything is not about prayer. Even the Bible says the wise one sees calamity and hides himself.

Polytechnics are a calamity to Nigeria's educational system.

All the places i worked were without connection.

Even most connections no dey accept HND except the pay is poor
EducationRe: Why you must not attend a Polytechnic by Datedoboy(op): 6:59am On Feb 04, 2024
faceland:
Apart from government, no one cares about your degree or certificate. It is your ability (to perform and fit in) or your past experience that they look at.
This is not true. No one cares? Go to some companies and see how HND graduates are treated as if they are slaves even with good performance. You can't get to Managerial positions in Banks with HND even if you know the job very well. A fresh graduate with BSC will be promoted rapidly compared to you.

Some HR will not even employ you once they see HND. Even if they employ you, you will be given less pay.
SportsRe: Ronaldo Not Bigger Player Than Me, Messi Remains Greatest Footballer- E. Hazard by Datedoboy: 10:08pm On Feb 03, 2024
I believe Messi is better than Ronaldo even though i value Ronaldo after Messi.

Hazard who is a one league wonder should keep mute. Ronaldo conquered all leagues he went to and that's one edge i use in rating him even above Messi.

Ronaldo is miles ahead compared to Hazard.
EducationRe: Tuition Fee Hike: OSPOLY Reveals Next Move As Students Refuse To Pay by Datedoboy: 10:01pm On Feb 03, 2024
rayvelez:
If you know the population of students in that school eeen, nah there I know a dept can have up to 400 students.
Chai and those lecturers are already threatening them with test that won't add any value to their lives. Even after the payment na HND wey don cast dem go give the poor innocent souls 😢 😔. God go judge people wey set up all these forms of maltreatment
EducationWhy you must not attend a Polytechnic by Datedoboy(op): 9:48pm On Feb 03, 2024
If you are reading this and you want to enroll in a polytechnic or have someone who wants to enroll in any polytechnic in Nigeria please I'm on my knees crying for you. Don't waste your future.

Instead, go and learn a trade and keep applying for jamb.

I repeat, please and please i beg all students of any polytechnic in Nigeria to boycott Polytechnics and sit for jamb again.

We were lucky we escaped the polytechnic slave camp but most people are not and the senior citizens in Nigeria keep operating and encouraging people to go to Polytechnics.

How can you encourage your fellow man or woman to go to polytechnic and you call yourself a Christian or Muslim?

Will you be happy seeing your children fall into a ditch? Why encouraging other people's children to fall into the same ditch?

Those adamant ones who will read this write-up and still say it doesn't matter. Do a quick research Check, most polytechnic lecturers don't allow their children go to Polytechnics ( a.k.a fall into a ditch)

We can't be treating some citizens as slaves and keep encouraging slave camps. Recently, a polytechnic was threatening students who refused to pay the hiked school fees not to come for test. Please o yee prospective slaves, that test cannot help your career. Ruuuuuun for your lives.

Most Corporate companies in Nigeria see Polytechnic graduates as failures. People who couldn't pass Jamb and couldn't enter university because they are dull slaves.

Truly i tell you, a BSC Graduate with second class upper is more valuable than a HND Graduate with distinction and years of experience. Truly i say unto you, the former has a better career path than you..

I have many sad experiences of friends who spent years in Banking and later got BSC but were still paid a slave wage because they were employed with HND while a fresher trained on the job by them, who was employed with BSC, earned over 200,000NGN and kept earning higher than them.

Even if you later get BSC or MSC on the job, most Banks won't recognise you because that HND you started with, has dented the image their HR have of you. To them, you started as a failure and also to them, once a failure(those who started their career with HND), always a failure.


Asides the payment, the stigma is terrible believe me. You will train the new staff with your experience but you won't grow career wise.
You will be mocked at the end. Imagine the fresher you trained, becoming your team lead and scolding you just because you have HND.

If you ignore this message, you will learn the hard way.

Most contract workers in Banks and many organisations are polytechnic graduates. I warned my brother after he got admission to Yabatech that i see an apprentice as better than him. He was shocked! Today he has his BSC and he is doing fine.

Don't be a hurry and let that OND or HND be a stain to your life. God is fair to all but Nigeria government, politicians and lecturers are not fair to Nigerian polytecnic graduates. See them playing ping pong with converting polytechnics to degree awarding institutions or scraping Polytechnics entirely.

Don't let anyone play ping pong with your life or that of your children, friends or even enemy.

Your mantra in 2024 should be No gree for any polytechnic

A word is enough for the wise !!!
EducationRe: Tuition Fee Hike: OSPOLY Reveals Next Move As Students Refuse To Pay by Datedoboy: 8:53pm On Feb 03, 2024
Please and please i beg all students of that school to boycott the school and sit for jamb again. Don't spoil your future by going to a polytechnic in Nigeria. Don't waste your money to be a slave.

If you can't gain admission to a university, go and learn hand work. Going to Polytechnics in Nigeria will close your career opportunities when your mates with BSC will be promoted and you will learn the hard way.

Most contract workers in Banks and many organisations are polytechnic graduates. I warned my brother after he got admission to Yabatech. Today he has his BSC and he is doing fine.

Many polytechnic graduates are contract staffs aka Slaves with no career paths in most banks and some banks won't convert you even if you have BSC because that HND is seen as a stain to your life.

A word is enough for the wise !!!

BusinessRe: 1978 Naira Exchange Rate With Dollar by Datedoboy: 2:36pm On Feb 01, 2024
Don't worry eat more local rice and buy more local goods. 1 NGN will go back to 1USD

Nigeria is operating on the slogan the more u look, the less you see
BusinessWhich Way Nigeria? by Datedoboy(op): 8:34pm On Jan 30, 2024
If you are reading this post and in Nigeria, start considering saving in usd and hard currencies . Dollar is now 1500 and heading to 2000.

I will suggest the Government bans Naira cos its becoming useless and I've lost hope in it. I see it diving to 2k b4 end of 2024 and 5k b4 2027.

Maybe when it gets to 50k for 1 dollar, the youths will wake up.

It seems to me that this is what the elites want and may their wishes come through.

The more weak your currency is, the more vulnerable your citizens become.

You devalue ur currency, you devalue your citizens. Thats why a bsc degree holder will go overseas to wash people's anus and still write exams to be qualified to wash anus. Total madness !!! Slave trade promax

Nigerians are now slaves in their home country and abroad thanks to greed and devaluation of the Naira. Living corpses are what Nigerians have become. You earn 30k and your drugs are 50k are you not living corpse?

What baffles me is how comfortable leaders are, seeing mass poverty caused by their policies.

African leaders see it as a thing of joy. Sitting in their suvs, they smile when they see Queues at the fuel station. In their mortal minds they say , this people never see anything!

I've noticed every December, they increase fuel price by causing artificial scarcity then they suddenly announce the pump price . If people complain, they reduce it a little and that's it. The new high price is fixed.

This problem is not caused by only leaders. Majority of Nigerians are greedy, corrupt and wicked. Many churches and mosques yet few Christians and Muslims.

That pastor you believe in, uses that term "pastor" as a camouflage to dupe people. In fact if u tell me you are a pastor i will look at you 4 times.

You see people in church dancing and shouting on top of their voices, yet that so called woman of God treats her househelp with disdain and that so called man of God doesn't want to pay his staffs their full salary and doesn't want them to grow in their respective careers. Hypocrites everywhere

Stop building religious centres. Start building factories that will employ more people mbanu, The average lazy Nigerian will build church cos he knows that's the second fastest source of revenue asides oil. He will never tell you christ was born in a manger but will ask you to sow seed which he will use to ensure his wife gives birth abroad.

If the whites built churches in every street will you see jobs when you go there? Why can't we reason for once !

Country is sinking on a daily. Youths into fraud, Adults corporate fraud, leaders same thing and we call this independence!

Those who said they brought independence are dependent on usd, foreign schools, foreign health care e.t.c and we say we have independence!
BusinessRe: Naira Drops At Parallel Market, Closes 900/$ At Official Window by Datedoboy: 8:40pm On Jan 27, 2024
PrettyIfy7:
Exactly. It is so frustrating and disheartening.
It is well. We have to survive.
Amen!
BusinessRe: Naira Drops At Parallel Market, Closes 900/$ At Official Window by Datedoboy:
Angelfrost:
This is impressive, lengthy, yet shockingly lacking.

You ended up being thrifty with the real truth (or maybe you don't know it).

Check the 70s and 80s... Why was the Naira stronger then??! Answer: Low importation compared to high levels of exported commodities.

Today, you literally import everything, and you pay in Dollars! Your demand for the Dollars is astronomical!

This has nothing to do with Dom accounts or people saving in Dollars... That's a secondary symptom of the main ailment.

Create a strong demand for the Naira by drastically cutting down on importation, starting with the main culprit "Fuel", and watch the Naira massively appreciate.

With the appreciation of the Naira, people will save more in Naira and no longer see the need to hold on to foreign currencies.


So please, quit going after symptoms or easy targets instead of curing the disease! Lead and the masses will follow!...

Dom accounts didn't crash the Naira... The crashing of the Naira gave rise to an increasing need to save in Dollars.
I didn't say Dom account openings crashed the Naira.

There are people that have large deposits of foreign currencies sitting idle in dom accounts. Why u may ask? In case you don't know, if i had 1 million usd 15 years ago without working, and I'm in power, if I'm corrupt, all i need do is devalue naira to 1400 and I am 1.4 billion Naira rich now without WORKING.

Whereas, someone who had 150 million naira 15 yrs ago is still not a billionaire. Infact the person is poorer cos d value of this NGN amount has dropped.

Clamping down on imports won't create strong demand for Naira trust me bro. Let's ban 1000 items instead of previous 41 items. Naira will keep falling. Don't think like majority who believe more exports will make 1ngn turn 1usd.

See statistics below. We have a positive trade deficit in 2022 when many countries were having negative figures yet, was demand for Naira strong?

https://en.m.wikipedia.org/wiki/List_of_countries_by_net_exports

From the above report, we made more from exports than imports in 2022 yet where is the money? Why did NGN fall again in 2022? And still keep falling?

What you don't know is that most money gotten from exports are not repatriated back to Nigeria. The rest come back but to the black market. Where there is a cabal that hoards it.

You go to bank and they say there is no dollar but abokis opposite the bank have Dollars. Where are they getting the Dollars from ? Are these abokis importers? What are they doing with Dollars that the banks can't do?

A politician recently said, they go to Governors houses to collect them. During primaries usd was shared cos that's what they save in foreign and dom accounts within the country.

Corruption and greed is why ngn will get to 2000 and the politicians know but won't go near my policies you know why? Cos it will affect their networth.

My take is, why will you withdraw dollar within the country when you are not an importer? Even importers should not have access to dollars or any fx within the country except for imports purposes only.

Can you withdraw ngn in Europe and spend it there? Why making another man's currency popular in your home country? When will africa wake up? By now we should have one currency in West Africa or the entire Africa to balance trade.

First ban withdrawal and deposits of fx in dom accounts including virtual dollar platforms starting from all politicians and give people deadline to convert fx to NGN and let the banks including the CBN be transparent in fx inflows
BusinessRe: Naira Drops At Parallel Market, Closes 900/$ At Official Window by Datedoboy: 7:09pm On Jan 26, 2024
PrettyIfy7:
You have said it all.
I wish I can give 1k likes to this comment.
Our problem is not importation rather, stashing of foreign currencies by politicians and some other Nigerians.
That's the effect of corruption.
If the govt can implement what you listed, the value of naira will increase.
But the corrupt politicians and leaders will never implement such policies.

And some brainless and hopeless people who support the evil govt will continue to blame we the obidients, claiming that we don't wish the country good.
Why will I wish my country bad when I'm still in the same country?
As a level 13 federal worker I can't even save much not to talk of buying a new car.
To buy ordinary Corolla will take 2-3 years of saving my salary without taking a dime out of it.
People will open their eyes to support terrible politicians and then turn back to blame the opposition. Very stupid of them.

I wish Tinubu will have the got to divide this country since he once said he didn't believe in one Nigeria.
Let every region govern themselves and develop at their pace.
God help this country.
Thank you sir for your honest review. Imagine at your level you can't buy a car with 1 year savings. It's so sad.

They are trying to create multi dimensional poverty by devaluation of the currency. They are trying to push NGN to 2000 per dollar but they will do it gradually so people don't notice.

They want to make the masses as weak as possible for maximum control but God will deliver us from their grip.
BusinessRe: Naira Drops At Parallel Market, Closes 900/$ At Official Window by Datedoboy: 6:50pm On Jan 26, 2024
seguno2:
If there is any truth to your claim, why don’t you just share the data and the Wikipedia link?
https://en.m.wikipedia.org/wiki/List_of_countries_by_net_exports
BusinessRe: Naira Drops At Parallel Market, Closes 900/$ At Official Window by Datedoboy: 8:19am On Jan 26, 2024
seguno2:
Unfortunately all your suggestions fail to address the FUNDAMENTAL issue of us eating/importing more than we produce, and will make matters worse if implemented as dollars will become more scarce and the exchange rate worsen, with an even greater gap between official and UNDERGROUND parallel market.

Do you know of any prosperous country that is doing communist clampdown of free enterprise and private sector investment, which is essentially what you are suggesting? North Korea, Cuba, Venezuelahuh
Check Wikipedia list of countries with by net Exports. You will be surprised nigeria had positive values in 2022 when other countries had negative values(meaning that we got more fx from exports than imports) yet those countries with negative values still have stronger currencies than us and our Naira was still falling.

This madness of making Nigerians believe we import more, has to stop. The current CBN governor even said Naira is undervalued. Something I've known since. The man knows what he meant but sadly the rate will keep dropping
BusinessRe: Naira Drops At Parallel Market, Closes 900/$ At Official Window by Datedoboy: 8:07am On Jan 26, 2024
seguno2:
Unfortunately all your suggestions fail to address the FUNDAMENTAL issue of us eating/importing more than we produce, and will make matters worse if implemented as dollars will become more scarce and the exchange rate worsen, with an even greater gap between official and UNDERGROUND parallel market.

Do you know of any prosperous country that is doing communist clampdown of free enterprise and private sector investment, which is essentially what you are suggesting? North Korea, Cuba, Venezuelahuh
This is not communist clampdown bro. It is this current state that clamps down on free enterprise

Why are multinationals running away?

You don't see the bigger picture. There are countries that import more than they produce.

Nigeria is not among top 10 countries with highest trade deficit. When you import more than you export, there is a trade deficit but that's not d FUNDAMENTAL issue here. There is a deliberate attempt by some persons to devalue the Naira.

If u had 1 million usd 10 yrs ago, you will be a billionaire now without working. In other words, an Idle usd is better than a working NGN.

If we don't follow those policies i listed there and stop aboki and bdc's, Venezuela will be better than us in 2 years time.
BusinessRe: Naira Drops At Parallel Market, Closes 900/$ At Official Window by Datedoboy: 7:05am On Jan 26, 2024
I said it on this forum last year On Sep 26, 2023

I had mentioned it in my previous post that it will get to NGN1,000 per Usd if drastic measures are not taken.

Again, I am saying it here that it will get to 2,000 before 2025 if we don't take these drastic measures.

These measures will make the Naira appreciate to at most NGN500 to a dollar in the short term and in the long term, NGN100

What are these measures? I will explain further but note that this is not about Exports.
Even if we export more than China today, the NGN will still decline further. How do i know this?

If you do your research, you will discover that Nigeria as at 2023, exported and earned more FX more than several countries and yet the currencies of these countries are stronger than the Naira.

So don't let anyone sell the idea that our economy is import dependent that is why our currency is falling. Even if we ban all imports and continue with (or increase) our current export, the Naira won't appreciate

A simple question you can answer is, when we banned rice importation, did our currency stop falling? No !!! So sit back as we take a dive to 4 policies which WILL make the Naira appreciate.

1. All domiciliary accounts must be closed.
Can a Canadian or US bank open Naira account for you? No! So why do we open Dom. Accounts for our citizens ? Now you may say what of imports? How do we pay for our goods in foreign currencies?

The answer is simple. Credit your account in Naira while your bank pays the USD or GBP equivalent on your behalf at official rate determined by CBN

2. Ban deposits and withdrawals in foreign currencies and convert all inflows including export proceeds in foreign currencies to Naira (again at official rate determined by CBN).

You don't need to stop people who sell at black market or hoard the USD. Let those who hoard the dollar keep it but once they know that after a said date, you can't deposit or hold your physical dollar, they will be forced to go to the bank to deposit it. Anyone found with physical hard currencies after the deadline, must be arrested

This policy alone will make the NGN appreciate to maximum of NGN600 after first two weeks of implementation and will mop up hidden/excess dollar in the system.

This policy will also discourage buying usd from the black market because there won't be any physical dollar to buy.

3. Increase interest rate for fixed Naira deposits to a minimum of 10%. This will encourage saving in Nigeria. Let a Naira 4 Naira scheme, replace the previous Naira 4 dollar scheme.

4. Reduce interest rates on fixed foreign currency deposits to 1% of principal amount if option 1 is not possible and convert all inflows to NGN without the option of collecting foreign currencies at the counter. You can't spend USD or GBP in Nigeria so why do you want to collect your inflows in foreign currencies? Then you increase Naira fixed deposit rate to 15%
This policy indirectly stops the black market arbitrage.

As the Government has floated the Naira, if these measures are not put in place, NGN2,000 to a dollar won't be surprising to me.

I am just a concerned Nigerian and i am open to constructive criticism.
RomanceRe: See What A Lady Posted About Her Sugar Daddy by Datedoboy: 11:41am On Nov 27, 2023
Sonnobax15:
cheesy
Hook up and sugar-daddyship na the highest employer of young girls of nowadays......

No be lie cha........No be clear eye sma banny of 16 years old take call her sugar daddy of 80 years+ baby and he go just dey smile like goat wey dem hang cheesy
😂 Sugar-Daddies generates more IGR than some states resources hence government should look into taxing them since they are the new oil
SportsRe: Osimhen Must Win African Best Player Award – John Ogu Sends Stern Warning To CAF by Datedoboy: 10:25pm On Nov 01, 2023
They should give my brother his award o. The award is coming home to Nigeria and Edo state this time around.

I think he will be d first Edo boy to win d award. That's a record
EducationRe: "Converting HND To Degree Is Absurd" By Punch Editorial Board by Datedoboy: 7:26pm On Oct 26, 2023
Uk that colonized us, has conversation and top up programs from hnd to BSC but oversabi Nigeria with outdated curriculum says you should start your BSC journey afresh. Even if you top-up here some companies will loathe you.

HND is like a stigma in the eyes of many organizations here. If ur cut off no reach prepare for another year. BSC or Hnd doesn't determine intelligence but in the eyes of myopic organizations, it does.

If you are reading this and a Nigerian pls I'm on my knees. Boycott polytechnics. Don't advice your enemy to enter 4 walls of polytechnics a.k.a time wasting ground

Once you gain admission, you are seen as a second class citizen. If all prospective student have my mindset, all polytechnics will be empty and they will be forced to offer degree programs.

You can't be spoiling the lives of others by offering ond, hnd and pgd wen u only need BSC and Msc to be a top pick with bigger salary in many organizations.

I warned my younger bro even though he got distinction in his ond. He left and now he has his BSC.
PoliticsRe: Nigeria’s Economy Must Be Freed From Oligarch’s Interest, Says Rewane by Datedoboy: 7:03pm On Sep 26, 2023
If the NGN is stable, foreign investors will come. For instance, imagine a foreigner invest 1usd in Nigeria when usd was 700, he converts this usd to NGN to run the business and he makes 100NGN as profit. Only for him to convert his 800NGN(capital+profit) back to USD when he wants to repatriate his funds and his 800NGN is currently not up to his initial investment of 1usd how will he come again.

Only people that send and receive diaspora remittance or people who save their monies in USD including the oligarchs will be happy with this constant increase in Naira.

Real foreign investors who have industries to set up, will be pissed off.
PoliticsRe: Seeking For Investors Abroad Waste Of Time, Obi Tells FG by Datedoboy: 7:02pm On Sep 26, 2023
If the NGN is stable, foreign investors will come. For instance, imagine a foreigner invest 1usd in Nigeria when usd was 700, he converts this usd to NGN to run the business and he makes 100NGN as profit. Only for him to convert his 800NGN(capital+profit) back to USD when he wants to repatriate his funds and his 800NGN is currently not up to his initial investment of 1usd how will he come again.

Only people that send and receive diaspora remittance or people who save their monies in USD will be happy with this constant increase in Naira.

Real foreign investors who have industries to set up, will be pissed off.
BusinessRe: There Are Too Many Nairas Chasing Too Few Dollars - IMF Rep by Datedoboy: 7:00pm On Sep 26, 2023
MeineMutter:
You are right, to a greater extent.

We cannot, 100%, rule out importation as part of the reasons for Naira’s free fall.

People keep these dom accounts to fuel their penchant for imported products.

You can imagine Nigerians looking for dollar to import China made shoe racks, plastic juice extractors, handkerchief etc.

I expect CBN to also increase the list of products on import-prohibition list while they implement all your suggestions.

Importation is making us to be lazy, by the day.
Well said. God help us
BusinessRe: There Are Too Many Nairas Chasing Too Few Dollars - IMF Rep by Datedoboy: 5:11pm On Sep 26, 2023
oluwaseyi0:
Good idea on paper but it'll probably fail from number one

Closing all domiciliary account is not the issue, how many Ghanaian cedis account do we operate in Nigeria bank?

But the problem is after forcing people to convert to naira, the CBN simply do not have the dollar volume to honour everything you want to import or when you need to buy things overseas

For example if I want to buy good worth 5000 dollars there's no single guarantee that the government can give me the dollar if I give the naira equivalent

We are simply not earning enough dollars for CBN to help covert your naira to Dollar for foreign transaction
I get your point but when i said Dom account, i had the USD , GBP, CAD in mind because we don't trade in cedis.

Second, we don't need to earn dollars for a trade to occur in usd. Countries that earn less than Nigeria in FX still trade in USD

There is a global FX market where banks can purchase usd with NGN at official rate. All we need is have a stable official rate

There is a currency market different from the local black market and in fact virtual dollar is what we need not physical USD and the banks will reconcile their nostro and vostro accounts.

If the NGN is stable, foreign investors will come. For instance, imagine a foreigner invest 1usd in Nigeria when usd was 700, he converts this usd to NGN to run the business and he makes 100NGN as profit. Only for him to convert his 800NGN(capital+profit) back to USD when he wants to repatriate his funds and his 800NGN is currently not up to his initial investment of 1usd how will he come again.

Only people that send and receive diaspora remittance or people who save their monies in USD will be happy with this constant increase in Naira.

Real foreign investors who have industries to set up, will be pissed off.
BusinessRe: There Are Too Many Nairas Chasing Too Few Dollars - IMF Rep by Datedoboy: 4:55pm On Sep 26, 2023
seyigiggle:
i received a lot of bashing when i made similar suggestion.

you forgot to include that it also tackles corruption.

lets see how they would move round ghana must go bags for corrupt settlements?
Hmmm. I get your point. The corruption is massive and if we don't curb it, we will find ourselves in very deep trouble.

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