Yankee101:
Daylight robbery
Tinubu is bringing the Lagos model to nigeria
Tax everything, steal everything you can, sprinkle little development on the people

coolcharm:
If it takes money away from the people... Instant implementation!

If it puts money in people's pockets.... It will take forever!


This levy is illegal and should be contested in court.

Idaytesj29:


If Banks and BDCs cannot be trusted. CBN has branches in almost all state capitals, all Dollar sales should be done by the CBN jare

Kelklein:
You have a point.. the only problem is that even the Banks are crooked.. they get Dollar allocations too like the BDCs but they hoard instead of transacting with them..

The EFCC is trying to clean up the system of street-trading and we can only implore them to sustain the monentum.. it's going to be hard tho. They deserve some commendation for the little they have done esp in Zone4 Abuja.. that place used to be a free-for-all but there is some level of moderation now..

An analogy is almost like those that trade fuel on the road. It is those who need them and patronise them that are encouraging the trade. If nobody is buying, you won't see them on street.. but then you have to move your car from A to B and the fueling stations have endless queues or no fuel sometimes..

The wayout is to boost your foreign reserve via exports and productivity, and discourage the need for Dollars as much as possible.. Productivity is a double edged sword.. because it makes Items people would pay dollars to import available locally and earns you foreign exchange when you export excess to outside country...

the government only pay lip services to banning transactions in dollars in the country. People still pay their wards school fees in dollars.. The political class are still converting their loots into dollars on a daily basis.. the EFCC and NFIU needs to device a means to nip money laundering at source.. but again the Banks have not been helping..!

Nigeria is wild..

onatisi:
the solution is not only the military and obj have continually emphasized this but the governments of Gej, buhari and now Tinubu keep ignoring this advice. unemployment is a major cause, the majority of these youths can't see any alternative so they just take to these bad vices, if you tell them to leave banditry, the next question will be what will they be doing, so they need to be engaged.
there is no way the military can win this war, in fact the gangs are increasing daily and getting more members, the question we should be asking is why are young people joining them?


https://www.vanguardngr.com/2024/03/unemployment-fueling-rising-banditry-kidnappings-in-nigeria-obasanjo/

“If we are able to give them employment, there will be less of them getting involved in banditry, in kidnapping and in doing various other criminal activities that they get involved in,” he added.

What employment can you give a person who thinks he can get tens of millions a week through banditry? As long as these people see gross thieving going on in state houses, nass, etc, it will be hard to convince them to work.

theredaddy:



He did it Lagos and where is Lagos today among the 35 remaining states in Nigeria

To a lame man, high taxation should drive away businesses and investors But are investors running out of lagos or trooping to Lagos.

Taxation is bad only from an emotional POV

Yankee101:
It’s just nominal paper figures not real growth


Dollar under buhari was 400 plus, and 1k plus under Tinubu

Our source of revenue is oil and imports which are all dollar denominated. By the time you convert to a devalued naira it should increase of course. That’s not growth, that’s devaluation

kettykin:
Increase in VAT when the GDP has moved from number 1 to number 4 in Africa.

When will Nigerians think out of the box

personal59:
They will pay for the next 30 years of their lives.

Every month without 3 deficits in a role. Why make it look like it's outright buying?

Congratulations all the way on their mortgage

NoToPile:
It's still his fellow men that will yab him.

He's saying the truth, all those lycra like gym leggings ehn.

It's is well oo.

Yankee101:
They tricked Nigerians
Pumped in dollars
Gullible people sold their stock
Political thieves changed those dollars we were told they had in warehouses to dollars. Now they’re letting it go without much support. They burnt 1bn dollars in 30 days

Which countries have 2 currencies of different colors operating at the same time without phasing one out?

Tinubu and his boys are a scam. There may be a lot of activity but no progress. Na retrogression

kelbranty:


Well, I don't know what to believe now because he himself said the lady that owns the sealed building has a store where she sells Chinese stuffs but could not show us the store. So it's possible there is a supermarket (big or small). One thing that we can say is a fact is that, there's is a store in that estate. Maybe that guy was denied access to the estate and not the store or he was actually denied access to the store.

johnvictor82:
The School Management has reacted

👇

https://geeky.com.ng/2024/04/23/bullying-lead-british-international-school-reacts-to-viral-video/

slowice:
The dollar drop is fake and unsustainable.

Business people already know this.

Zonefree:
Clear conscience fears no accusation.

wrongnumber:


Redenomination is the best way out

Redenomination is the reduction in the par value of a currency by a factor of ten, hundred or a thousand.

That is, the worth of goods with which an individual can consume with a thousand Naira would automatically be consumed with a Naira or 10 naira depending on the redenominated value.

It is not a permanent fix but a good way to reboot the economy.

The government will now need to implement good policies that when combined with redomination will bring about a lasting solution

ufotunang:
I said it there is nothing the CBN governor can do..
The solution is nigeria to be a producing economy ...more exportation of goods and less Importation of goods and for nigerians to value, buy, patronize what they have in their country.,all this traveling to abroad to school in foreign universities, travel for medical treatment abroad , buying foreign cars are the cause of all these dollars rising everyday and naira losing value..,we have to value, patronize what we have in this country..not everytime... foreign things, foreign universities, foreign hospitals...the solution is the country earning high in dollars and less demand for dollars