₦airaland Forum

That's a very good step. We have been waiting for them so that we can divide this nation fast fast.

Where the electricity? They are subsidising darkness.

christistruth01:
What bode George is saying is deep

He means that the hugely discounted Foreign Exchange FG gave to banks to help drive National investment
and Production for decades was sold to Mallams in the Black Market Rate and the profits pocketed by Bankers
making them stupendously wealthy instead of the money being used to build Nigerian Manufacturing and driving National Industrial Development

Nigeria would have had a better result if it had given the money to Serious Nigerian or even Lebanese Industrialists based in Nigeria because
they would have actually built the Industrial Infrastructure and industries Nigeria needed with the discounted Foreign Exchange from Government

That system of defending naira was suppose to help the economy but the rich hijacked the system and made themselves richer.

greenermodels:
In summary, the IMF is asking Tinubu to increase government revenue by increasing existing taxes and introducing new ones?

Is that what you read or are you asking question? How would IMF complained about the worsen economy of nigeria and still ask Fg to increase Taxes and introduce new ones?

sketching:
Their is no shortage of food but INFLATION.

This is their tactics to fight price by fighting business people that took a risk by betting against Nigeria.

Meself wonder o. Na inflation be the problem.

Last year was a child's play,Nigeria cannot cope with this kind of hunger.Govt should find a way to subsidize food if not they are in for a big problem.

Dididrumz:
Big big talks all the time but no impact.

It is just because they are not taking the right step. They should stop seeking medicals abroad and use Nigeria made cars as official car.

hisgrace090:
The danger of shouting it's a goal on empty stomach.

Wrong! A hungry man can never watch ball. I mean hunger without hope.

Sunijacks:
Will this policy help the naira?

It only help Nigerians to do the right thing. Policies like compelling govt officials to buy Innosson or nord instead of foreign products,banning them from travelling abroad for medicals will help naira but this one is just scratching the surface of our problem.

The money were released but embezzled. Giving money to Senate and reps to handle palliative is a big mistake.

oskopy:
Very soon, there will be scarcity of cash in poor niger state.the decision will have a very big side effect

Every decision comes with comes with effect. I believe they can manage the effects.

Bro,you took the wrong step. Just sit her down that you are not ready for this kind of life. Though it will not end well but you just have to leave that bondage.

Civetcat:
“Our food products are the cheapest around the neighbourhood,” Senator Kyari declared.

So produce more . This is exactly what the policy is supposed to do. More exports means more forex and the inability of farmers from neighbouring to compete on price . Kick this one out already

The farm products are not cheap because our economy is ok. It is cheap to them but the citizens cannot afford farm products here. What kind of economy policies be that?

fyzaila:
It's not her fault now, we didn't create ourselves. You're beautifuly dear 😘

She should shave it na. If you guys can be making up everyday,why is it hard for her to be shaving everyday?

gaby:
Nonsense skits

I hate those useless kits mehn. It irritates me like Telemundo.

mycar:
How then will BDC can get in flow?

The poor ones will always suffer in Nigeria,the politicians will be the one to collect the dollars from bank to exchange from Abokis.

Well as it is now,north can do whatever they like. They should just protest,I'm begging them to protest so that we can easily divide this country.
Everytime we protest they wont join. Let them start it,we will join them and end this country for good.

kokoA:
Nigeria is a very strange country o, why would banks be hoarding foreign currency in the first place?

Na for politicians na.

RepoMan007:
Better than nothing. If it is only batteries it can help reduce import of, I am okay.

Na today? They are going export the raw material and import the finished product.

This is how it should be

joseph1832:
wrong church? Is there anything like right or wrong church?

If there are, what parameters do you use is determing with church is right, and which church is wrong?

To make it simple for you.

Look out for false prophet
Look out for false doctrine.

Reasons God gives every believer a discerning spirit.

fuckJones:
I have so many questions bordering me and I want christians in the house to help me.

1.Is it acceptable to withhold tithes if I disagree with the pastor's or the church's spending?

2. can I pay my tithe in the different church fromt the one I attended?

3. Is it correct for a pastor of a church and his family to use the church income, i.e. tithes, offering and third party income for their own use, especially since the church is not registered as their property? If no , what do you call their actions

4. Is it biblically okay for most of the pastors to ask for tithe on every Sunday? I mean why do they have to remind them every time, instead of letting people choose if they are okay to give their money!

5. can pastor says my church?

6.Which is better, tithing in a rich church where the pastor has his own flight or giving money to a street preacher?

7 .Why does my pastor make me feel guilty for not tithing when I cannot afford it?

If you want your seed to yield fruit mind the soil(church). It is your duty to know the right place to sow seed just like a farmer.
If you are going to a wrong church it will affect your spiritual life,just like a seed in a wrong soil.

Lagos is growing but at a very slow pace.

They recovered #70b without a single trial. Truly,law is for the poor.

Basicend:
CBN being aggressive, but is the issue really with the commercial banks?

Has CBN properly amortized their dollar disbursements properly?

How do they now expect common men to access dollars if they mop up dollars from the abokis (BDCs) and the banks.

This country self, am tired.

Tinubu should have tried pegging dollar at a stable price in the beginning, if he was afraid of crashing the economy.

How do you expect CBN to disburse dollars if not through banks? CBN Mopping up dollar? How?
Pegged dollar at a stable rate with what? By what?

Mandate1:
so when it was #150 to a dollar banks weren't the problem bah? Make una dey play.

Govt will make bad policies and look for those to shift the blames to. They make hasty policies without thinking through the implications of such policies, neither do they have backup alternative to check the excesses of their policies. Then turn around to blame people and institutions for the failures.

I didnt say banks are the problem,I only said they are part of the problem. How did the bank get the dollar? Why are they hoarding it? They prefer give money to the politicians in dollars instead of those that need it for business.

nairalanda1:
Maybe, but the fact that government is now leaning on them shows government doesn't have enough dollars to spare.

Was it not CBN that gave them the dollar at official rate? Instead of them to give to those who need the dollar at bank rate,the top managers sell it to black markets or hoard it for their own selfish gain.

nairalanda1:
Government don't have enough dollars, so it's leaning on the banks...

This is going to be fun

But what happens when the bank's stocks are exhausted...? Hmm?

Banks are part of the problem.

TainyLite:
Let it affect the common man positively

Bro even if you are expecting govt intervention to have positive effect on common man, common man must position himself too.
U go dey tell poor man make him no born too much him go dey tell u say na God dey take care of children.

Omoluyi:
Making money for government from poor students and struggling parents. JAMB should become FIRS too

Bro,only salvation is free but costly. You will even have to pay with your body. So nothing is free.

We are deceiving ourselves in this country.

Peacefulguy90:
Really.... nothing way person no go see for Naira land.........so you only witnessed 3 matches from Nigeria rite

Can you imagine?😂😂😂