₦airaland Forum

tinsel:
Nobody wants him back. He is the cause of our problem today.

So he is the reason the pounds is 360 to the naira today abi?

adams009:
I'm sure, this is what many international businessmen are doing and those operating in parallel market are having represntatives in Dubai, china and India were they are withdrawing dollars on their behalf.

That was b4 the restrictions came I to force.how many times do U expect them to go to the Atm to withdraw 100 dolar? Dived that by 300.

adams009:
But d policy is good in other dimension. It will break the activities of speculators who pump naira in their account and carry large of ATM abroad just to withdrwan dollars abroad. This has put pressure on banks in order to settle the foreign banks whose dollars were withdrawn by Nigerian speculators abroad.
Majority of those withdrawing from foreign ATM's are speculators not importers, so the pressure will be less.

Are U sure? With the daily withdrawal limit of 300 daily??

tefund:
but cbn has to create an option for cash deposite,sme use this method for importation of raw material...you cannot throw the baby away with the bath water

That's is if we have a credible minister of finance

Activa:
What is the way out?

Nigeria did not save in times of plenty dollars.

Yes yoy are right but that is the least best option

Activa:
Let me ask you - why should a country that doesn't earn enough dollars spend in dollars?

This is Sunday abeg I nor fit shout.we are dealing with adult.don't let us think you are not one.how can U say such a thing.if you don't understand the subject matter ask and it shall be explained.this is not about spending do laws in Nigeria but outside ie go to Ghana and use ur atm and go to Germany to use ur atm garrit? ??

musicwriter:
Buhari is not performing at all as far as the economy is concerned. The CBN governor Mr. Emefiele seems to me like someone who doesn't know better. Otherwise, why should every dollar transaction get a ban?. Dollar deposit banned, ATM withdrawal in dollar banned, Online payment in dollar banned.

But, there're many other more effective policies they could make. Example; getting Paypal to immediately allow Nigerians get paid with our PayPal account. Everyday Nigerians send millions in foreign currencies via Paypal, but without ability to receive. There're several others of such online payment platforms that could help the CBN rake in dollars into the country, if only they could exploit it.

This was not done by the CBN.it's a knee jeep reaction from the current economic situation of Nigeria.the banks cannot back your forex transactions.so they have come in the open to inform is they can't. I'm afraid there is more to come from diff sectors.

Activa:
What is the way out?

Nigeria did not save in times of plenty dollars.

Devalue the Naira.

Fawklicant:
Thanks bro. These kids dont know what they have brought upon themselves. By the time some of them start dropping out from school because their parents can no longer foot the bills come this January, then "their clear go eye".

Thank U.1984.they where a far land away frm their dad's scrotum like the mumu calling me ice cream brain who can't comprehend. I think the naira should be devalued. We should explore that avenue.Someone on this forum once predicted this to happen cos of the policies our gear chewing president is enforcing on us no one took notice the few who did called him wailer.

kulobyno:
Ate you sure you read the post. Maybe your ice cream brain will only understand when your niece tells you that her ATM card can no longer make withdrawals in US.

See Mumu. Read what I wrote again I mean the one U quoted let's see who has an ice cream brain Ode.simple comprehension u fail this is why the likes of U get F9

rottennaija:
Travel to where? Make your country better and spend your holidays there. Stop running to another man's country to fund their economy.

How many of those white travel to Nigeria to spend their holidays here?

Just cos U cnt travel dnt mean you should dis people who can.travelling is a past time

jaid23:
This #emefileconomics sef. so i no go fit order my cheape cheape accesories from aliexpress again..

hope its for the better sha

Welcome to 1984

Howmon:
Do you have a solution to the weakening Naira? give suggestions and let's see? I'm afraid of the economic outcome of these austerities likewise

Yes solution is devalue the Naira.Germany did it.the US did it.China did it.and it worked.

dapsonlou:
Some People will come here and start Screaming Dullard. The previous administration Looted all our Dollars. Even the Election was paid for in Dollars

This is Sunday.by the name of Nigeria Receive sense

dabriggs:
No not directly. This reaction by the banks is due to the current economic realities.

And also as a result as having a pry school pupil to rule us. These are times we need brains in the financial sector.the way things are going there won't even be any money left to be stollen.what nxt

kulobyno:
No more travelling with many ATM cards. Trust Nigerians a new measure to curb the hardship would soon emerge

Two of u up the are thinking from ur backside.my niece studies in the US the quickest way for me to give her money is pay into her First bank current account. And she withdraws with her atm there.this stops that.and u are charing this silly development due to no clear financial brains.

tobimillar:
Remove subsidy and sell fuel for 55 naira / litre

How will they do 5 his? Removing subsidy means selling petrol and all oil products at market rates.

IbokUtoroh:
do u even know d meaning of subsidy?

No he does not.these are one of the half baked pry 6 pupils we have on Nairaland. Just imagine how can one remove subsidy and not expect the pump price to go up

Keneking:
I don't see any dilemma with the issue.

Pretty straight forward'

- sack subsidy
- delete subsidy from the budget
- sack employees working on the subsidy payment analysis in NNPC
- block any protest by any groups with armed forces
- any PDP member that has objection should be dealt with accordingly

You must put party to it abi?was it not people mainly frm SW who now became APC the fault against its removal? The PDP wants it removed if the modern day apc had allowed the PDP govt of GEJ to remove it.we would be smiling by now. Rubish

Least I forget who can tell us the benefit of either red sand and condemed sharp sand I. Fillingham g of DPC?
I av been quoted 13 and 18 respectively

EgunMogaji:
Yeah we always have to give thanks and praise to the professionals, and none pros too, who willingly share. There are a lot more who don't share and are hamfisted with knowledge.

Well he who dies with knowledge loses. I have learnt how to bargain and what to look out for all from here.the men on site are always asking Oga.u build here b4 lol.Now I'm at DPC level.I'm going to do the septic tank so I can use some of the excavated sand to do some back filking so we know where we at.

EgunMogaji:
Well done Bro, really proud of you. Not bad for a non pro builder eh?

Thanks lol we dey try.I have learnt loads from Nairaland property section

Today was an easy day.we did the rest of the blocks to DPC level and boarded %50 of the column bars. .

jaydee87:
give him time bros am sure he will complete it cos if not he would be a scapegoat...

Haha the guy say Him nor kno say railway like that dey rivers state even tho E pass his front office.yoy go suprised say him too go say the monorail nah PDP scam It dnt exist lol

mufutau55:
Very good...You are doing good supervision. if you were not on ground, you would have been hearing story now...
Some of your family counting on using some of this money for holidays will be cursing you behind the closed doors now. Too bad for them.

Hajji M.

Thanks and yes.I'm supervising like KolaShangOne and spyder880 in one lol my bargaining power is waxing stronger by the day.The joy of it is I'm saving money without compromising quality.

twinskenny:
wow so fast.. weldone sir

Thank you.
I bargained with the workers for us to use counting of blocks for the basis of payments they where happy and I sure was too as we say boys laying 227 blocks in one shift lol
Brick layers 35/block and helpers 20/block.

Ok today I achieved up to DPC level on the 2 and 1 bed flats.the duplex needs 1 more coach then sand filling.
I have used 6 coaches for DPC.blinding 6 inches and column base 4 inches to make it 10 inches thick.

jaydee87:
for all the people asking why he commission the rail track what do you expect him to do, or did he say he was the one that constructed the rail.. pls let's look at the bright side and stop applying sentiment in our reasoning...

Try and understand he constructed his own rail line.let him go and complete it.

anonimi:
Abeg when you take the photos of Amaechi's abandoned mono rail mention me oh.
Thanks in advance.

Ok I take it U never been to rivers state.if U have U would av seen the mono rail bridge in front of govt house.

[quote author=GoodMuyis post=41109949]am so late to reply you....

If you have ever board train routing Lagos to Kano vice versa you will cry, 1st class is hard to book, sleeper coach is as messed as regular. the last time i wanted to board the train January, i was discouraged by over population and dirtiness of the coaches.

For reason beat know to you guys, you decided to share nice pica of first class only deceiving people with fake transformation of the rain.

kindly post the pics of the regular class for people to see how terrible the rail system is.

This is not about GEJ or PMB its about sincerity [/quoteAc/no 3045328670(first bank)]

We are talking of PH to ABA what is there that is hard to comprehend.nkw that yoy mentioned Lagos line why don't he begin the upgrade of that line?in other news can we probe him for mono rail?

Boyooosa:
Adonbilivit, let me gugul it b4 i pass d next comment because that means our transportation minister is not a one-chance but a 'boy'.

He is more than one chance,he abadoned his own very project to comission an already comisioned project by his past number.

ruffbamreal:
Yoruba proverb says "yam should neither be cooked nor fried and should not be eat raw" pls what should we do? If the government abandon the project you will wail, now that they continue with it you also wail. @ Op I believe you are a youth and learned. Why do you reason like an illiterate. Why I like Fayose till today was that when he assumed office in 2003 as the governor of Ekiti State. He first finished all the half done projects he met on ground before embarking on new ones.

Oga I understand u but let me remind you. This project is up and running so how can the APC government abadoned it?in other news amaechi just abadoned the mono rails.if I go near it I shall take a foto that's what abadoned means.