₦airaland Forum

Mintek:
Bravo!

Then you should educate the person I quoted who said Nigeria earned more FOREX from transfers than the proceeds from crude oil sales.

Then I know who you are on about.same person I'm trying to educate.he seem to think there is physical forex in remittance. The forex ends at the table of the agent to determine how much U r receiving in ur 9ja bank

Activa:
Nigerian banks are companies and make money from remittances. No?

What is between your two wide ears is ordinary sawdust. Yet you were defining remittance. Fooooooooooool!

Ahahah nah I know you are beyond help.I think U just realize ur brain is leaking and you are trying so hard to patch it.does anybody get taxed or pay a fee to receive money from abroad? ?NO.stop this kilometre or else your must return ur school fees to ur parents with intrest

Ojady:
Funny how remittance to Nigeria can spark off an online war...its interesting though. Families, people with relatives abroad, no doubt is a viable alternative hope in a country that offers very little to none. I mean, just this christmas alone, one cannot fully imagine the smiles, those remittances would bring. Not all of us will see living abroad the same way, nonetheless, it will remain a blessing of sorts

Exactly.I have seen people asking their parents to stop work and put them on monthly salaries of £200 mon they.

Mintek:
...and why would any sane person compare such remittances to proceeds from the Niger Delta oil?

What has that got to do with what I asked? There is no relationship between remittance from abroad nd oil in the Niger Delta.

Mintek:
...except that such remittances ain't shared to states for payment of salaries and execution of developmental projects like we do to the proceeds from the Niger Delta oil.

Jst a simple question.why would any sane state share in the money people in diaspora send to their loved one's from abroad??

ronald4lif:
Ignorance is never an excuse to be psychedelic. Your seemingly lack of exposure and retrogressive mentality shouldn't also be a pretext for your outright display of profound foolhardiness, insanity and imbecility.

While I understand the fact that the incessant hardship and callous rape of our common patrimony by Nigerian leaders might have affected your mental proficiency and misled you into erroneously assuming that every Nigerian abroad is into sharp practices but I do however, on behalf of all hard working diaspora Nigerians, take an exception from this brazen unwarranted attack on us and implore you to think before making a nuisance of yourself in public fora. Chump.

Plz bro advise Mr Activa He is embarrassing us Nigerians.

Activa:
The govt gains nothing from remittance?

Yet you were defining remittance. Stop exposing your ignorance.

What i said was in terms of forex supply to the country.

Stop exposing ur ignorance tell me how the govt gains wen I go to the money transfer agent in my high street to send £1000.?The agent charges me £30 as transfer fees.I fill in my first bank account t details and the money is in my Nigerian first bank account in 10 mins at rate of 370.that's what I did today.I remitted £1000. From my high street in the UK to my first bank account. Do U understand now
Don't jump into conclusion when U got no clue of the subet ask question

ifdaeg:
Liers. the money our politicians are remitting into their foreign accounts and spending on holidays abroad nobody is writing abouti
it. the world is a global village with enormous biz transactions taking place especialy as it concerns africa and their craze for flamboyant celebration.

U think people still carry money to lodge abroad?? Wake up its nearly 2016.

espionagesavvy:
Nobody don send me anything. All these my wicked uncle abroad, send me my own share of foreign remittances..

MayB they wire directly to their accounts

Ishopbest:
If remittance is this high, why the complain about our forex bla bla

Remittance are pained din Naira so no forex.

Activa:
Where are the people saying they will shut down Nigeria by going to the creeks?

Remittances even give us more forex than oil.

Try and understand remittance means the likes of me sending my parents money for to sort their lives out.the govt gains nothing from money people in diaspora send home to their love ones not even tax.so what's ur point?na by force to comment??

NavierStokes:
Please read this article:
http://www.aneej.org/aneej-demand-accountability-nigeria-oil-swap-deals/
The crude oil swap was an arrangement from the onset 1977 to feed the kaduna refinery in particular with heavy oil from Venezuela.

In this article you find the claim that the refinery was designed from day one to refine crude different from the blend in the Niger Delta.
http://www.gamji.com/article6000/NEWS6314.htm


Every thing about that refinery should be questioned by any sane mind, its location, its purpose, even the feedstock to be used for her operations.

I hope this sheds more light.

Aha to feed from venuzuella ??Where was the sea port built to this effect?

Bawsse:
You are a BASTARD for saying that and I'm Igbo.... Fool

Why the insult.she is somehow right. What a waste piping crude to kana from the south.it would have been better to build another refinary in bayelsa or sapele close to crude source then pipe the product to the north.Economicaly that makes sense

psmile:
I am a contract staff in d maintenance dept of KRPC and I'll b honest here.
Agreed,d technology we use is outdated,more of analogue control systems.But I state here dat KRPC is fit,I repeat,KRPC is FIT to operate and refine crude oil for as long as it takes b4 we are transformed to d digital era.D refinery has so far bin well managed by its professional operators and maintenance engineers.Its true we've got obsolete tech equipment,but wat works,WORKS.

So wen was the last time you refined any crude??

idu1:
you don't know what you are talking. PDP spent 16 year without anything tangible to show for it.... APC just took over and you hear writing trash.


Do you ve conscious at all

My friend relax u are acting as if you ain't Nigerian. Is it not dame thieves who crossed over to form APC?? SO IN all Honesty do you expect any diffrence?

premiere:
floor plan

For starters get a quote for labour and material cost around your location.are U doing it yourself or contracting it to the pros.

Caracta:
Only cash transactions are affected. Your school can make a transfer. You don't need to worry.

With what dollars is your bank going to use to back the remittance to the school?

onatisi:
that is where I must give the cbn governor credit for a wonderful job done so far.in the absence of any economic policy or direction the cbn governor has taken steps to try and protect the naira ,things would have been different if the fg had formulated sound economic recovery plans this would have sent the right message of hope to investors . What the cbn gov is trying to do now is to allocate the scarce dollars available to only important importers and under this category falls oil marketers and importers.the only way to go now will be to ban completely the importation of many more items as this may save some dollars. Whichever way or decision the fg makes it is definitely going to bring untold hardship to Nigerians and massive job losses

The only important importers are the petrolume marketers.who else?

UjSizzle:
Everything else aside, he is right about th importation. We import a lot of unnecessary items especially from South Africa you begin to wonder if there are no companies in Nigeria.
But then again when you look at the high cost of production in the country (esp with respect to overheads and our epileptic power supply) you realize it's cheaper to import than to produce.

Take for instance Unilever's Sure. About a year ago it was sold at #450 and imported. Today, importation of the deodorant has been banned, and Nigeria's substitute, Rexona sells for #700 -- that's twice the price of the imported substitute.

With an unfriendly business climate, what entrepreneur wouldn't be interested in making decisions and taking options that reduces his business risk?
The average business man would rather travel to China, employ cheap labour to manufacture his goods and import back to Nigeria. That's a lot cheaper when you consider the cost siting a factory in Nigeria-- There's the bureaucracy in acquiring land. Tax officials breathing down your neck. Epileptic power supply. Unstable political/Economic climate. Crime. Generally the cost is blowing off the roof.

Mr Emefiele and the government will do well to improve the business and investment climate in the country before banning imports. They'll also have to provide infrastructure and palliatives to cushion the most vulnerable in the country, because when this ban on importation starts a lot of people will be unable to afford even the basics.

I cnt write some lengthy statement cos I'm in a location which restrict me.however talking of China every most manufacturers of the world have factories in china cos of cheap labour and stable govt. Is it Samsung. LG. Be. BMW. Mercedes. Nokia.u name it.its a way of lowering their overheads. It's Business not politics. The ban a we eat in lo don comes from south America. Greece is the largest producer of olives but Germany is the largest exporter of olive oil reason being it's cheaper to process the olives into oil in German than Greece once again I say business not politics.

christopher123:
Do you know China closed it border with the policy that what they can't produce they don't need . this was in 80s . I strongly believe in protectionism than this fathom globalisation

If the rich man wants to eat bread from London ..he and his friends should tell the London bakers to come to Nigeria and bake that bread here in Nigeria


We can't open our borders ..we can't compete ..those dudes have comparative advantage

This is the only way

Businesses would be given 1 year notice to adjust . we have to make sure that other local firms must compete

Boss sorry to say ur Ideology is a acient thus wrong.

sanmibukunmi:
I support this, we need to stop importing stuff like tomatoes, rice, toothpicks, palm oil etc.....we can produce these things ourselves...

Name any advance country who do not import those items U named? ? Frm UK to canada

Gboliwe:
How can it stabilise when we already budgeted billions of naira to explore the same oil in the north? I mean, the small revenue we have will be used in search of oil again. Shame

How on earth will it stabilise when the ban on Rice importation has been lifted? Shame

Godwin, it's better you resign before this terrorist drags you down along with him.

Apc supporters and those from the SW will not see this.

cizy:
Just do whatever you can to make the dollar equal to naira, shikina!

Wake up.you are in a very bad dream

cuvox:
source http://sunnewsonline.com/new/emefiele-promises-stable-naira-in-2016/

lalasticlala, seun,

Kia this guys have lost the plot. Why don't he go back to the farm then? How can we not import.china imports 10 than us. Devalue naira unu nor gree.yoy want the Naira to devalue by free fall so we don't blame you abi?anyway trust some Nigerians who do not know the result of your action to sing your praise.

Xetima:
Do you mind these Makoko trained economists. Good wine needs no bush. They have seen monumental failure facing their idol. It is hard to imagine, hence a ruling party is still campaigning 9 months after winning elections. They are practically the "Opposition Ruling Party"

No B small thing.some people are so ooo silly that they don't even know when the have derv beyond their ability to convers. Can U imagine *flood nigeria with dolars** to me that's Abero plus palm wine bar economics right there.I'm still waiting for him to come explain.

AdeniyiA:
...whereas thousands have died/are dying because the hospitals are ill-equipped, roads are terribly bad, malaria is killing people, Boko haram were killing and maiming....etc, the money to fix these are being used for elections and siphoned. In fact inept government kill more than Boko haram...

I kno U are yoruba I'm not tribalistic however what would U say about that guy from ur end called OBJ.av U forgotten he did 8 years? ?

ElFenomeno1:
GEJ mega bastar d.... it shall never be well with you and that stark illiterate you call a wife
For your various roles in ruining this country over the last 16 years, may you both never find joy and peace.
Awon ashiere jatijati

Don't worry wen U buy dolar 500 nxt year we will know who will not rest in peace.

TeOwl:
Goodluck Jonathan - the man that allowed looting of the treasury and claims he knows nothing...

And in ur una most mind there is no looting going on right now abi??now the the FG increased the importers of petrol and thereby increasing the subsidy bill??

ihatesycophant:
Mr. Man, is the same set of people that say they wanted him that are still praising him, no right thinking person will praise him for the damage he used himself to perpetrate in the country. With the minute revelations of how money exchanged hands within his cabinet, no one in his right sense will stoop low and still praise him for doing the wrong thing and setting the nation backward. His mess is what this country is still trying hard to clean. Talk of the fuel scarcity. If he had settled the marketers the debt, they would not be crying today. They bluntly said they were not owing marketers money but at the late minute of their administration they agreed and never paid but instead use the money to do election and dollarised the nation. On the issue of rise in dollar. GEJ administration said, they rebase the economy and increase the exchange rate of dollar to naira from N160 to N190 and before they leave, the dollar had increased to about N220 without strengthen the economy. They also flooded the market with dollars because of elections. If not of CBN that said all dollar in circulation should be mopped up and no transaction should be done in dollar again, it would have been worse than this. Until we realise the danger GEJ has done on the economy before we can appreciate what the new government is trying to do and doing. So, Mr. Man, those you see are those originally what him to continue for the reason best known to them.

Can U explain how.a.govt floods it's coun try with dollars? ?putting in mind we don't print t dollars cos sometimes we speak without facts.I want to know how a country is flooded with dollars

dapsonlou:
The only People that want him back are in your Village. If that man remains one more year, you would have gone back to your Village to become a farmer

So life after GEJ is worse than last year abi