₦airaland Forum

donmaxman:
You know nothing about exchange rate. This will not stand the test of time. Imagine borrowing 10 billion dollars to salvage the naira. What happens after the money finishes? The debt would have to be paid back with interest in dollars. The only sustainable way to grow the naira value is by production and not by voodo economics or by foreign direct inflow. FDI is almost zero for now. No investor takes Nigeria serious anymore. The currency is unpredictable. The diaspora remittances that use to come through western union and money gram and prop up the naira has dried up because the Nigerian banks were taking our dollars and giving our family naira at CBN fixed route. Now no one routes money through that means instead foreign apps collect the forex and credit your naira account from their Nigerian account at the black rates shutting out CBN and making Nigeria lose completely. Emfiele realized this and tried to attract the diaspora earnings but the damage and trust has been broken forever and this heavily impacted on the naira value. Nigeria will have to fork out more dollars in the future to pay the 51 billion dollars foreign debt. Don't be fooled by this gimmick, the foreign reserves have been depleted. Crude oil earnings have depleted. Nigeria is competing in the same market with the USA and Canada to sell crude. Most of us in the diaspora are thinking of selling off our investment in Nigeria and repatriating the funds to safer clime because we know your naira is useless. Imagine a former president printing 72 trillion naira without national assembly approval and without consequences . Can you invest in that kind of country? Bro forget naira is almost toilet paper or monopoly money. No body that is wise stores his wealth in naira. Pressure for forex is far more than the income. My only regret was even having some of pension and assets in naira. Forget Naira!!!

donmaxman:
You know nothing about exchange rate. This will not stand the test of time. Imagine borrowing 10 billion dollars to salvage the naira. What happens after the money finishes? The debt would have to be paid back with interest in dollars. The only sustainable way to grow the naira value is by production and not by voodo economics or by foreign direct inflow. FDI is almost zero for now. No investor takes Nigeria serious anymore. The currency is unpredictable. The diaspora remittances that use to come through western union and money gram and prop up the naira has dried up because the Nigerian banks were taking our dollars and giving our family naira at CBN fixed route. Now no one routes money through that means instead foreign apps collect the forex and credit your naira account from their Nigerian account at the black rates shutting out CBN and making Nigeria lose completely. Emfiele realized this and tried to attract the diaspora earnings but the damage and trust has been broken forever and this heavily impacted on the naira value. Nigeria will have to fork out more dollars in the future to pay the 51 billion dollars foreign debt. Don't be fooled by this gimmick, the foreign reserves have been depleted. Crude oil earnings have depleted. Nigeria is competing in the same market with the USA and Canada to sell crude. Most of us in the diaspora are thinking of selling off our investment in Nigeria and repatriating the funds to safer clime because we know your naira is useless. Imagine a former president printing 72 trillion naira without national assembly approval and without consequences . Can you invest in that kind of country? Bro forget naira is almost toilet paper or monopoly money. No body that is wise stores his wealth in naira. Pressure for forex is far more than the income. My only regret was even having some of pension and assets in naira. Forget Naira!!!

sotall:
The way some of yoj rush and open threads to asslick those that are oppressing you is really baffling.

With the damage the bad economic policies of the government has done to the finances of Nigerians, one would think every Nigerian now knows where the problem is coming from.

This patch patch solution of dumping dollars into the Nigerian fx market is only a one-week solution to a decade-long problem.

How long can the f
Government keep dumping dollars? Instead of them to improve power generation and distribution, create a good environment for export of Nigerian goods, and ensure local refineries work, they are dumping dollars.

I hope you aren't disappointed when dollar starts to rise again

DMerciful:
Thats a stupid definition of forgery. You can forge without an existing original. If you forge a waec certificate using a template online, does it mean you possessed an original hitherto?

DMerciful:
You lack comprehension! You're forging the waec certificate but not one you ever had. So if I wanna prove forgery, I do not need to bring a certificate you never had, I just need waec to deny the authenticity of the waec certificate you possess. In other words, the issuing authority can determine if they issue you or not!

wrongnumber:
Go back and read the meaning of fraud in the Nigeria criminal act.

Please do better and I promise to give you the 1000Quid.

DMerciful:
Thats a stupid definition of forgery. You can forge without an existing original. If you forge a waec certificate using a template online, does it mean you possessed an original hitherto?

wrongnumber:
As promised, I will look for £1000(N1.4M) and give it to anyone who can prove to me that Tinubu did not forge this document.

In other words, I will give £1000 to anyone who can prove that Tinubu did not commit fraud cause forgery is fraud

The Document shows that Tinubu had a GCE result in 1970 from a school that was never in existence until 1974.

Oya, food don land.

Agwotulumbe1:
creating lies and living in it is your areas of specialty

Nasman:
An Israeli Rabbi said that Christians, Hindus, and Chinese religious followers. All deserved to be killed according to Judaism's Holy Book of Tora.


https://www.facebook.com/reel/181331548359122?mibextid=roAVj8

Daystar7:
Shut up. Terrorist. That's what y'all head slammers are. Bloody violent blood sucking mohammedian rag tag terrorist

Botragelad:
Good. More to follow. Can we crack on with hunting down the Islamic terrorists, and flatten Gaza and the tossers hiding there!
After the whole thing, who else reckons Muslim nutters in places like France, Sweden, UK, and other Western/European countries should be kicked out!

These guys are becoming a menace and a pain in the arse to the civilised word. I'm well cheesed off with the Muslim terror really. So much hassle and aggro from this same religion. Something needs to be done. For real!

As of now, Israel and the US are like the only country giving these terror loonies a proper spanking, other countries keep letting them in. For the sake of humanity, deport all Muslim extremists to the dump they legged it from.

SoNature:
How is this newsworthy?

jonsn:
Maybe at the banks only.
But how does the government truly ensure adequate supply? Because, without adequate supply, wishes will be horses.

Urheadmaster:
Black men will always be inferior to the white men

Jeon:
What will you say for those using their biological mothers for Rituals? are those aged women, still lusting over money?.

Jeon:
Women, Men don't care about you damn existence. So learn to be by yourself .



You see how Beastful he is, yet a girl will still follow this one.

CJStarz:
My brodaaaaa...
Body dey for cloth

Pulling through. God in control.

A beautiful weekend to you bro

illicit:
As the guy I won't let her do such

And if my mum raised it, I will tell her she wanted to but I didn't allow it.

She's meant to meet my family not to cook for them, my mother has always been doing the cooking.

If I should follow her to their own house,I met her father doing some stuff, am I obliged to join him?

I am not