Nigeria politicians are only good at perpetuating evil against their opponents.

This is the structure they always boast of!

The way the Supreme Court is fast these days in adjudicating political cases!

Buhari MOCKs Tinubu as he dances!

Congratulations!
Let's take the endorsement to the polls.

It's a shame that this is coming from a young man and being supported by Seun!
I hope you have the courage and wherewithal to face the kind of anarchy you are calling for?

Nothing is impossible!

When the people have had enough of the suffering that the ruling party has brought on them in the last seven years they'll think twice.

Unfortunately, we still play politics of ethnicity and religion in this country!

Suffering never tire some Nigerians!
After this election we will know how many registered mad people we have in this country!

APC came by propaganda and all forms of calculated orchestrations!

May God help us to wrestle this country from their jugular on Saturday through our votes.

If tribal and religious sentiments will allow them!
If Nigerians repeat the mistake of 2015/2019, they should get ready for suffering pro-max!

Shey dem go still wear asoebi go Teslim Balogun stadium to dey wave broom today?

I appreciate your time for this debate!

The backlash of the currency redesign is obvious for political reasons too, because there was no issue until the ten days extension!
That weakness on Buhari to concede ground gave room to politicians to mess up the whole process. Otherwise by now we would have gone far in adapting to the new normal.

Honestly I have not had any reason to complain!
Just to prove something, after our back and forth discussions yesterday, I opened an Opay account right from my phone, moved money into it and pay some bills from it seamlessly!

We have to find a way around this mess and move forward in life, that's my point.

My training and profession allows me to see the positive from every negative situation first.

BluntTheApostle:




It can't get better.




You don't put the cart before the horse.




Why do you think the cash policy is causing so much problems?




It is because we did not do the right things first before implementing the policy.




No one is against the naira redesign or the mopping up of excess cash in circulation.




But there are things that should have been done first before implementing the policy.




First, there is no huge customer confidence in the banking system in Nigeria. In fact, many Nigerians believe banks work with Yahoo Yahoo boys. There are also many unresolved reversals. I, for example, I have a reversal amounting to 120,000 which is still unresolved since 2017.



Second, there is no citizen confidence in the government. How many people can trust the government? In fact, majority of people that I have interviewed believe this policy is a political rather than a monetary policy.



Third, there is no stable power. A cashless economy needs stable or adequate power supply. There is no stable power supply in Nigeria. If you are lucky to live in some areas, you may enjoy adequate power supply. But power supply in Nigeria is not uniform. There are places where you may not even see power for months. During my service year, there was a period in Modakeke when there was no power for over 6 months because the transformer exploded. You may be asking, "but there is generator". Think about the cost of petrol and diesel right now. Even cooking fuel like kerosene is now costly too.



Fourth, our minimum wage is too small. Someone who earns 30,000 naira will spend more in a cashless economy just to spend their little money in peace. With bank charges and all other associated charges, how much go remain on top the 30k. And this is Nigeria, where many earn below the minimum wage. Employers of labour in the retailing business pay very terribly low salaries.



These and many problems should have been resolved before implementing this policy.



Because they didn't resolve the problems I listed, that is why the masses are suffering.



It is not that the masses don't appreciate the policy, but the policy is becoming a burden to them because the government poorly implemented it.

We just have to start from somewhere!
It can only get better!

BluntTheApostle:



I am not sure you know what you are saying.


If someone decides to waste his money, how is that your concern? Or, how does it benefit the economy?






People are hoarding money, you say they are CAREFUL.


CBN wants to reduce money hoarding, but they are ending up encouraging it.



If this hardship persists, we will return to the days when armed robbers rob homes because money will now be kept at home.


Moreover, hoarding money encourages a culture of hoarding which is not good for individuals and the economy at large.






What is the benefit of a cashless economy to Nigeria?







All these are not gains of the implementation.



What did the implementation set out to achieve?



It has not achieved anything.




It wants to stop hoarding. But what it has done is extend cash hoarding to even poor Nigerians. People are now hoarding (not saving) cash.



Vote buying (an extension of cash hoarding) is still yet to be decided. CBN says they sent money to banks, banks say not enough. This means the money have gone into the hands of politicians.



To deepen cashless economy. It has failed in this regard. You grow a cashless economy with time and patience.



First, you need to build the people's trust in the banking system.



This is Nigeria where we have many unresolved reversal issues.



How many people trust the banks to keep their money safe?



Nowadays, when I want to transfer money or buy airtime/data, I would be praying for good network.



Yesterday, I could not use UBA USSD and mobile app until midnight.




You think going cashless is a day's job?



It took Sweden 20 years to deepen cashlessness to 91%.



And that is a country that has stable power supply, a safe banking system, and a strong internet infrastructure.

They won't be OK!
They can't be OK!

If they lose at the polls, it will be worse for them because they won't have the cash to keep oiling their so called structure.

On your recommended postulations, we are in Nigeria, we all know how slow and seemingly ineffective our judiciary and the anti-corruption agencies are when it comes to the political class.

[quotes author=LeopardX post=121071636]
The truth is these so called corrupt people will be alright at the end of the day.

You don't punish corruption by redesigning the naira. Rather you do that by arresting corrupt people, charging them to court and jailing them.
That's how to punish corrupt contractors and politician.
But maybe he's a coward.[/quote]

I thought President Buhari and Emefiela have explained that to us already!

I have always known that this currency redesign is one policy Buhari wouldn't leave out to punish corrupt politicians and contractors!
He did it in 1984 and he has done it again.

LeopardX:

You are right, but I was told that the total volume of cash within Nigeria is 51 trillion. Of that only less than 10% of that amount is in circulation, which is even less than advanced countries like USA, JAPAN and the UK despite their cashless operations.

So what's the point of mopping physical cash off the streets at a short notice?

Wastages!
Everyone
Is careful how they spend the little cash they have!
Those that refused to embrace online transfers and the use of digital banking even among the literates are embracing it now by force!
The Tomatos and pepper sellers who hitherto wouldn't even consider using internet banking are all opening accounts!
Yesterday, some of our church members who came for service through public transport did through drivers who accepted electronic money transfers!

inoki247:



Since the implementation tell me 3 things we av gain so far from the policy...

It's just foolhardy to think that we will have cash back in circulation like it was before the redesign!
You were not expecting another 2 trillion naira cash to be injected back into circulation after the withdrawal of the old ones!
We should all get used to the new normal, Cashless Economy!

Next week is going to be an EVENTFUL one in the annals of Nigeria politics

Let's take this yet another poll to the real poll next week to make it happen!

Talk to your aged parents who are still thinking of voting PDP/APC!
If they are proving stubborn, just do the needful by hiding their PVC that day!

I am in for Peter Obi and I am resident in Lagos!
I can't see what's good for me and the future of my children and reject it on the premise of religion, ethnicity, and party affiliation.

When you get to the polling/voting booth next Saturday, regardless of the party you align with, take a deep breathe, shake yourself, gbiiriiii, and thumb for Papa, Mama, and Pickin, which is the Logo for Labour Party!
You'll feel satisfied, knowing that you did the right thing.

When the Bible said that pride goes before a fall...i think it had people like El-Rufai in mind!

Not unexpected from an intelligent woman.

Those of you saying that her endorsement is worthless just because she is not going to vote, what would have happened if the endorsement was for your preferred candidate?

Make una get well soon.

And he did return and join the ruling party (NPN) but his people failed to reward him.
A war HERO though.

This is born for troubles in all ramifications.
A fo*l when he shut his mouth is counted as wise so said the Holy Bible but Fani would not shut his mouth.

Sad!
Tragic!
Painful!

I was just discussing this issue of vote-buying in Nigeria by politicians with my daughter! I have to pull up my last article on it for her to read...

https://www.nairaland.com/7231325/vote-buying

Why would anybody BUY VOTE?

Why would anyone SELL his or her vote?

Perpetrators should be jailed.

Everything in Nigeria is wrong

If you desire to see Nigeria change for good queue behind Peter Obi in this election regardless of your religion and tribe.

I noticed it around 3 pm when my wife called my Airtel to find out why I switched off my mtn line!

I was worried after removing the sim and trying it on another phone without results.

Thanks for creating this thread

Igbos just woke up to the power of their spread and cosmopolitan advantage.
Nigeria will never be the same after this election due to the Obidient movement.
I love what Obi brought into this electioneering.

May we never again have a party like APC in Nigeria, in fact globally!
A broom-waving party! That's wizardry.

This was how they lied against Goodluck Jonathan of bribing CAN with 9billion naira in 2015 using a pastor too!
APC lies about their rallies by posting fake pictures and go further to lie about LP rallies by posting fake pictures against their rallies to mislead the public.

If God doesn't answer our PRAYERS by removing APC from power then Nigeria is finished.

Vote for Peter Obi

It is either the gasket of the car has been changed before or the rigs are weak.
If the oil is burning/shorting badly, then get ready to change the engine in about a year from now!
Meanwhile, congratulations and enjoy your new ride.