₦airaland Forum

Salewa97:
We are yet to see the visible achievements of Dickson as a senator.

As if he was forced to run for the Senate position.

adamusuleiman2:
Like play, the naira is fighting back ooo. Even I am shocked.

SeaTrade:
There are people making money faster than the currency depreciates,you just never know.

SeaTrade:
10 years down the line If we end up together,she's gonna thank me for saying No.
There's some trajectory you'd be on and you stop getting excited and be very logical/realistic.
It's hard to see anyone on my path that leaves all that for nothingness so yeah,you don't know people like me.

SeaTrade:
I found out that people are doing this not for any other reason but simply because others are doing it.
I'd elaborate,
So my date recently start to dey tell me make we japa,
Why?
Because her brother abroad simply told her there's a lot of money where he is.
She want abandon all she's worked for here,a job that pays N20m PA and carry all her savings invest in wild goose chase and is seriously lobbying me to go with her.
Omo I first dey reason am ooo,but with all what we're doing?No abeg.
As I tell her say I no follow,the moral she had Don die finish and she just dey hang face for me
Make I leave all my work go enter school dey do odd job,hoping for a miracle.
Now imagine if I'm not a logical person that also believe in that their thing?
I Don join the stats be that na.
90% of all japarians combined will end up in warehouses and their biggest prospects na registered nurse,wetin be that?Na so good life and future for my unborn kids dey be?
Foolish people

donmaxman:
Hoarding Dollars. by donmaxman: 6:51am
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!!!

nairalandkachy1:
https://twitter.com/PeterObi/status/1690625035671601152?t=Cl-0vLS4c4BnI1DU3QPXGA&s=19[/quote]Great guy any day

DeeBaDan:
I have. I have run many infact my core specialty used to be setting up businesses for people from scratch and get paid for my services after building it. But after people don't pay for my services, I stopped.


There are many businesses that would yield 300% anually find a business consultant, you'll be adviced based in factors like risk exposure, interests, capital etc


I'm not asking for this o before the evil people on this forum will come with their toxicness. Businesses dey naija Wella. That's why I didn't port

DeeBaDan:
I keep asking why people would have to spend 10M Naira just to travel out when they can setup businesses with that figure and fork out up to 30M annually on a 10M investment.

It's the mentality, people don't want to invest in their country, but prefer to splash it on frivolous travel trips

fourboys:
Removing subsidy is good... But tinubu did it without plan

IconicR:
The subsidy removal is a good thing but not so good if you didn't provide a palliative before taking such bold action that'll majorly affect the average Nigerians.