₦airaland Forum

bigtt76:
These people get sense so? Last week Minister of Finance said government would be injecting N350 billion naira into the economy now CBN is pulling N1 Trillion out #MadPeople

Dem get sense dem know wetin dem dey do.playing with the future of Nigerians. Injecting and pulling out much needed money. Co fused. Com if U ask me.

Omonigeriarere:
His mumu no be small: he counted SA twice especially in number 4 and 15.

He did go to SA twice .plz check the dates mayB U might agree with the senator and I think he has now gone to the USA 3 times.

Ozid:
Sir, if you say the last administration didn't dent the image of Nigeria then you are not been sincere with the truth or rather you are just been economical with with the truth. I am not saying the Buhari led APC administration are saints but I don't believe Buhari is junketing around the world rather he has a mission which I believe will start to yield results. But that does not underscore the fact that his trip is one too many.

Well tell whom amongst this present regime that was not in some form of governance last regime. Let's see if it's up to %10.

Ozid:
I like Ben Bruce because of his constructive criticism. But I think we should not all see this travelling of the President as just touring the world we need to accept the fact that the last administration has really dented the image of this country and He(Buhari) is just trying to portray the good image of Nigeria and attract investors to the country. If really we are interested in diversification of the economy we need to support this govt and if they fail we can also boot them out come 2019.

Ben Bruce you have my respect as your constructive criticism is always welcome.

Sadly some of us have been opportuned to be in one of these visits to the UK.it was nothing more than a visiting gesture no deals signed no proposal brought forthwith. No form of enticement on the table. But in my field of work I have seen how the chinese envoy without thier prime minister came with loads of treats and enticement plus huge tax break proposals for investments in thier country.

kenonze:



Talking nonsense is easy.
How many bill has he?

Ben Bruce is quick to list all the countries PMB visited but failed to enumerate the correponding benefits

What are the benefits? Plz enlighten us.

winj:
No need to argue with a monkey like you, I could be here a month. m0ron

Just cos I have exposed ur lack of compression you now result to name callings. Well done for your civilised self.

winj:
The topic is about money remitted to Nigeria (aka money that actually left abroad by people living abroad transferred into Nigeria), nothing to do with money that YOU did not send from your foreign base!

This is well embarassing remitted money is money sent .if U li e in Lagos and send money to your mum in the village you have remitted money to the village. The company or institution who help you send the money is called a remittance company.The biggest remittance company in the world is WESTERN UNION.
Read again here """

Nigerians in the Diaspora have remitted the sum of $21 billion to the country in 2015 according to a report by the Global Knowledge Partnership on Migration and Development (KNOMAD).

Nigerians in Diaspora means Nigerians who live outside Nigeria. Ie Ghana, Cameroon. UK. US.Togo etc.
English language comprehension seems to be a problem here.plz Stp this embarassment.

winj:
If you seriously think for one minute that most of the $21B sent to family and friends end up CIRCULATING in the Nigerian economy IN NIGERIA you are joking.
MOST of it end up getting used for bribing government officials and civil servants (who stash it abroad) for some service or the other relating to land, arrests, court cases, civil issues, importing goods we cannot make in Nigeria, foreign education, importing tokunbo vehicles, and for useless luxuries.
Most of it end up back in foreign lands.

You seriously need some enlightenment
I and more than 100s of us on NL live abroad.why would I want to do any of the aforementioned deeds ??
Go to the Auto section. The property sections. You might learn a thing or two.

AlienStar:
Trying so hard to locate his wallet: some guys after ordering for food and its to pay, he will hesitate in bringing out his wallet with the hope of hearing "don't worry I take care of that" from the lady, maka gini?

Bargaining the price of food after eating: some guys will bargain the price of what he and the lady just ate like
waiter: Sir the food is #2,000
Stingy guy: #2000? what is it that I ate? assuming i have only #500 what will you do? Chineke!

MayB as precaution, ladies should take along some money with them on a first date and offer to pay or share if its really expensive, cos the essence of the meeting is to talk and know each other not to quench the hunger in you.Talking when eating can be rude i n some quarters,
PS sharing the bills is called **Going Dutch**

adconline:
If money is legit, nobody can stop you.

there is a limit to the amount of physical cash you can carry 10K in the UK

okeyglm:
bros i talking repect to the collated data given. that our remittance last year was $21b.

Same thing the system I just narrated is how it all goes down the bulk of the money goes to Nigeria that way.u dig?

neocortex:
Explain how the list you gave above can even generate 1 billion dollar ?


what is foreign investment doing on your list ?

You are joking right ?

Ahah we have to enjoy the jokes to carry some people along.9ja to hard bro and the sun heat nor dey make Boyz smile. Stress level is high in 9ja.

InvertedHammer:
/
$21bn is from remittances alone. It is not the total amount brought into Nigeria by diasporans. Some travelled and took in cash which is off the record. As it is, Nigeria sucks. Take out the remittances by diasporans, a lot of you will be dead. The money might not have come to some folks directly but it did indirectly.
\

Yeh I heard guys in the US take physical cash home.mehn those guys get liver sha

okeyglm:
you see they will come and tell you that we have only oil as foreign exchange earner but in nutshell the amount remitted by our people abroad is capable of financing all our dollar need in dis country. nigeria has no business exchanging dollar at #300.

Well you gt it a bit wrong there. Let me xplain a bit.
Today I sent £1500 direct to my Savings account .The rate I got frm the agent here was N440 per £.I and transfer charges was £40.
Now I pay £1500 I to his Biz account at Barclays he transfers it's equivalent N660k to my first bank savings account .No forex leaves the UK to Nigeria. So first bank never got any forex in this transaction.
But the BDC have created a means of using the £to buy $ without commission here in the UK and physically carry the forex to Nigeria to feed the gap in forex btw BDC operators and CBN.hope it's a bit clearer now.

winj:
most of it will end up stolen and returned to foreign banks (back to sending country, not sender)

The money in question here is the one the likes of me and every Nigerian living abroad send home to friends and family. It's worth above $21B.

ayodele234:
May the ancestors bless you for this comment

Seriously? ?
How old are both of yah?

okeyglm:
$21b, yet dollar is still high at #300. yet cbn doesnt have dollar to sell bdc. yet when u ask bank for dollars they cant provide.

We remit money via BDC agents based abroad not the banks or cbn them ones are thieves.

Diamby:
So you expect a government that have not used up to a year to solve all these issue we've been having.You must be a joker.If previous government have done their own bit we wouldn't be having so much problem to solve on our hands today. I beleive this is just a phase that will definately pass.We just need to have a lot of patience. What i want people to know is that the alternatives we had during the last election was not much,we just have to get PDP out of the way OR do you think PDP we have done better in less than of APC rule?I don't think so. All the monies been recovered by this government would have definitely been swept under the carpet.Our watch word now should be patience.

Can you in all honesty give accounts of the money recovered so far?do you know anyone who could? Even the FG could not give account. So where is the proof monies where recovered? ?
PS:Never stick your neck out for any politician. They are all same.

Keneking:
Jonathan and his PDP members are exploring all available avenues to destroy the economy and must be resisted

Check how many dams and power stations built by PDP

phantonce:
A large portion of that money were generated by nigerians in nigeria who are been paid by yahoo yahoo,drug cartels,google adsense,elance,fiverr,amazon,clickbank,adfly and foreign investments.

Nigerians in diaspora are not as generous and succesful as it's been portrayed here

Most of them even think they are better than us here in nigeria.......Could you imagine.

Is it the $100 that they send to home that makes up the $21bn

I don't hate nigerians in diaspora but i hate the mentality and belief they have about we remaining here.

Try and be enlightened it don't cost that much.

londonrivals:
http://thenationonlineng.net/kerry-u-s-invest-600m-nigeria/

In what Sector? ??

chriskosherbal:
Let this money be used very well for the development of the country.

Be wise

bejeria101:
Come take the money for my pocket,mumu govt

They already did bro.check yoyr bank

ajoskele:
Make I no form wetin I no know.



How does this affect Nigerians on the street? Someone should please try and explain.

Govt stole me and you money end of story.

EgunMogaji:
Hajj, when I arrived na malaria first grab my enemy and destabilize my finely crafted scheme. So as to not delay my builder I approached a NL supplier but had to cancel due to ForEx.

I'll send you an email. The suppliers serve a purpose.

Ah Plz do as i do ooh, take malaria medicine b4 yu get on that plane at least 3 days B4 travel, that way it stays i n your system.My last malaria attack was 2011, since then I defeat malaria with KO lol

EgunMogaji:
I was actually forced to do the self purchase of granite from the quarry due to a last minute ForEx transfer issue that I had.

With respect to our professional suppliers, by going DIY I was able to make tremendous savings but there's a risk factor that can be mitigated.

All is well that ends well.

whats the tonage? and cost?

greenpasture:
A heck of a lot of difference; integrated command and control, autonomous right to launch sorties, better turn around maintenance guaranteeing no windows for enemy regrouping.

But there is more to come. One brand new squadron of the 4th generation J17 Block fighter Jet.

Local missile pod re- arming of Alpha Jets and automated heads up missile guidance systems for the Fenec helicopters by S.A firm

It's a completely re-energized and retooled air force.

No comparison whatsoever.

that jet you posted cost more than £50M

Aaam:
i feel surprise when some useless idiots would be calling our presidents some rubbish names, dont av parents? did the last government who u claim bought d plances used them? If not for buhari will u know that we ever had air force nt to talk of their planes? Y cant you idiots jst accept the fact that our president wants a good future for this country and he his doing is best.. the foolish past president who you claim to be literate was jst a big fool, i repeat a v.big fool... And any of u dat insults buhari will be foolish forever... Rubbish...
Any foolish idiot dat quote me and say rubbish will continue to be a fool.. vexed... welldone mr president....* pmb is working*

So after all these noise. We just discovered GEJ even bought some jets and they are actually flying and also they NAF have guns? ?
In other news we have not seen any money recovered from Dasuki. We are waiting still.

bloodykiller:
not even a pistol

ngeneukwenu knows that Buhari is a certified kunu drinker from Daura without brain

I heard he bought motor bike
Abi that nor follow.?

Aaam:
i feel surprise when some useless idiots would be calling our presidents some rubbish names, dont av parents? did the last government who u claim bought d plances used them? If not for buhari will u know that we ever had air force nt to talk of their planes? Y cant you idiots jst accept the fact that our president wants a good future for this country and he his doing is best.. the foolish past president who you claim to be literate was jst a big fool, i repeat a v.big fool... And any of u dat insults buhari will be foolish forever... Rubbish...
Any foolish idiot dat quote me and say rubbish will continue to be a fool.. vexed... welldone mr president....* pmb is working*

Kia see wetin PHCN do U.

bloodykiller:
[s][/s]


and who bought the Jets
tell your bastard vagabond burukutu sipping gorilla mumuhamado mumuharii to start implementation of the budget then we can talk about Gej's fighter jet later
shameless people

Trade by bata 10 cows to one Jet.

King44:
if Buhari devaluate benin republic go better pass naija

Dollars sold today above 300.ni B devalue to 250 sure pass?