Smart man
He waited till when the probability of the money been looted iby government is less than 90%

Are we not supposed to close the border against foreign coaches too?
Why only food and other items that makes life bearable for the masses at a cheaper price?

If $1 = N1 by patronizing Nigerian products as they've always made us to believe, we can even afford pep guadiola as the coach of Kano pillars

The easiest way to acquire enough money to contest for the office of Nigerian president is to join the Nigerian custom service

Is there a day in Nigeria without foreign rice in the market?

Is this not another reason to open the border, unban food importation and allow price to crash?

This reap off was caused by our ineffective government looking for foreign investors everywhere without conditions, rules and regulations.

Buy something for #620k and ordinary screen replacement is #850k
Invariably, they know it won't last with no warranty

Back to square 1

The rating of the eagles will have to go down to the level of this man till a high profile quality coach is employed

If you listen to TUC president last night, you will know why the price of petrol has remained stable compared to the lamba that this man is saying.

According to him, the naira is under valued and it's original value is around N600 to a dollar. Therefore, the CBN gives only the NNPCL alone this privilege to address petrol supply to Nigerians

I know this is another avenue for corruption because Nigerians are naturally greedy

InfoGuru118:
.

https://platinumtimes.ng/too-much-printing-of-money-by-fg-reason-for-free-fall-of-the-naira-gov-otti/

Emefiele confiscated naira you cried, now that you can collect your money from ATM you are also crying.
Which of the 2 scenarios improve the value of the naira?

White men would have sent drone or use space viewing cameras to identify the source if it is not man-made except it Is the property of government

Who are the local government chairmen?
Angels?

The one in my lga is not even known. Always abroad
Shows up whenever big money hits the lga account
No traceable output from successive chairmen in decadess even during military regime

I've always thought this man is a university professor.

The army university will become a faculty inside another university instead of existing on it own with salaries of its top management like vice chancellor etc to save cost.
Whose interested is zulum protecting?
Nigeria or Friends?

If abacha did not die early, you think he won't be richer that the 2000 of them combined?

aribisala0:


Waste.of money

My own is

Starve them to death if it takes 2 months fine
No food no water till they die. Just make sure they cannot commit suicide

That is the best punishment

Rich kidnappers will bribe their way out of hunger.

The fear of being eaten by lions in front of camera will serve as deterrent for others

I wish government can dedicate 3 acres of land to people like this. A very tall reinforced fence should be securely built around it and CCTV cameras to capture every corner on the forested land. Then 2 to 4 Lion should be made to live within the fenced land and as soon as a thorough investigation is completed on kidnappers and found to be truly guilty., They should be well fed before being released into the fenced land to be chased by lions so as to have a feel of how it is to be in fear in the bush with kidnappers while Nigerians can watch on a dedicated website or tv channel to generate income for government through the entertainment

Geovanni412:


Nope,

Realists

What economic measure is in place to sufficiently stabilise the naira?

Are we exporting more products now?

Nigeria can export too if $1 = N1.
The real value of the naira should be attained first, not IMF value

JuanDeDios:

What makes you think the banks have? Or they suddenly started printing dollars overnight and no one told me? Anyway, your answer is why black markets exist - but I doubt you see that.

BDC has dollars, banks don't have?
Who is more likely to get more dollars from CBN out of the two?

Anyway, you can approach CBN directly since your need for dollars exceed that of banks and BDC

JuanDeDios:

What now happens to people who need dollars but their needs can't be met by BDCs (whose operating capital is now 20k since they can only trade at the CBN-mandated rate)?

Then go to the bank. You will fill forms tire.
Legit needs for dollar only or else, use Naira for your needs

chriskosherbal:
The question is will they adhere to the directives.

I think is better to peg per pertime than allow it to float

Black market era is gone
Whatever you sell at BDC, transactions evidence must be sent to CBN

Kukutenla:

They're playing politics with naira?

Subsidy removal is meant to deal with some few people but all Nigerians has to suffer for it too. What is different with floating the naira?
Are we all not suffering now? A few people who are the target understands better what is happening to them now compared to all Nigerians

Kukutenla:

What was the idea behind floating naira

It is called politics

Nbote:
The govt thru the CBN is selling below the market value to drive price down. The question is for how long will they continue to sell below the market price?

Who,what and where is the market to determine naira value apart from CBN?

How can people be hungry and government will not want them to say it out

nnachukz:

No matter how the report pretends to shield staff of those affected MDA from job lost, there will still be job losses if cost is going to be significantly cut? The masses will always be the ones to bear the excruciating sacrifices.

Yes job loss for board members of all affected MDAs.
They are all politicians and they don't earn minimum wage.
That is the wastage the report is trying to block

horsepower102:


Always arbitrary reasons. They make up rules unless you bribe them well.

Get a copy of banned goods by CBN that you cannot import. CBN won't give you dollars to import them but yet you went to BDC to get dollars and import.
Now your import was seized and you are angry seeing it being distributed to Nigerians

Tinubu chose to fight the few corrupt indirectly by punishing everybody.

For example:

1. Subsidy removal
2. Floating of the naira

The target are now suffering but the masses are the worst of it simply because he failed in ensuring that the consequencial effect of his policies has a workable masses driven palliative to cushion it.

Economics principles don't work in Nigeria.
IMF etc with all their Cambridge economist's advice to Nigeria always plunge us into greater crisis

Peg $1 to N1, corruption will still frustrate it into a worst policy decision that will make all Nigerians to suffer hardship while a few will be making billions from it.

Allow market forces to determine the rate then corruption will plunge the country into hunger as we can now see.

What CBN is doing in my opinion is to ensure currency spectators no longer make profit. The more they increase exchange rate for profit, the more CBN increase/raise the official rate to meet up. Hence no room for round tripping. In the long run, they will be tired of dollar business when it is no longer profitable. But, the consequences of such policy is the resultant inflation and hunger across the country that no one is willing to be patient.
Nigerians needed to feed and stay alive first.

tollyboy5:
This is not enough. They should put more restrictions or ban them totally.

You want lazy aboki to revolt?
They are used to easy huge profit and you expect gov. to stop them suddenly without them fighting back?

TruthsFM:
I hope it get to the masses directly. Why can’t they sell the rice to the masses directly

Don't bother yourself.
Anything like this from government is not for the masses
Even if tinubu mean well, the system won't allow the masses to benefit

The rice is not even enough for family members of custom officers at Lagos alone not to talk of their ogas in Abuja and politicians who would also be interested in cheap Rice. Then business men and women with large pocket to bribe are also interested. So how do you expect the common man to benefit?

You cleared off the man with an incredible speed to the extent that you can't find the body anywhere close to the road.
I've had several situations where someone will suddenly drift onto the road unexpectedly but driving at a sane speed always allow for a Swift and effective reaction to avoid a collision and I always thank God for His mercies

That of your own is manslaughter with a cosmetic attempt to evade punishment from God and man.

chopnaira:
I hope PO was sent an invite LMAO

He should be in Egypt to understudy a low budget geometric

Crimecity:


And you want foreign investors from other countries in your country?

See the e-diots supporting Tinubu

Who foreign investor epp?

This is the main disadvantage of sacking a police officer especially SARS and then allow him to go and leave among the people.

These type of people after sack should be drafted into the Frontline of the army fighting terrorist in the forest.