fergie001:


SOURCE

cbn stop selling to bdc. Stop, they would mop up the dollars with artificial school fees and bta demand.

LegendHero:
Tinubu implementing almost everything on his manifesto.

—Fuel subsidy removal
—Naira floating
—State Police
—Orosanye report

God bless President Bola Tinubu. Jagaban of our time.

For this Orosanye Report implementation:

tinubu is listening to ideas from the opposition because he is desperate for a quick fix. This one was atiku's advise he heeded to.

Nemere2020:


https://nairametrics.com/2024/02/26/cost-of-living-crisis-tuc-to-fg-begin-importation-of-food/?amp=1

it will not solve the problem. It will worsen it. There is food but the price is high due to fuel and dollar

BigIyanga:
Why does Naija need BDCs? Why not go to your bank with ur BVN,NIN, FORM-A, FORM M.. Banks vet your docs and request for FX. then CBN will pay the oversea recipients on FOrm M or A… and you have 90days to submit bill of lading to your banks for onward transfers to sNaija customs.

CBN should build a portal like Jamb/WAEC wheb FX disbursement with Form M/A can be submitted and tracked in real time.

because the banks collude with bdc to racketeer the dollar. Banks are the problem and not bdc

FreeStuffsNG:
They will still lule pii again. NLC is part of LP that Nigerians rejected at the polls so they are already partisan.
All the enemies of Nigeria will lose las las. God bless Nigeria for ever! Check my signature for free stuffs!

they would start posting dollar rate when is back to what tinubu met

Chinkoalhaji34:
Lets prioritize dialogue over strike for the sake of the people and our countrys stability. I have faith in Tinubus government to find solutions.

do you know that strike and protest is the people's right?

LegendHero:


There is no practical way to remove subsidy. Anyone telling you they can remove bit by bit does not know that Nigeria have actually tried the bit by bit subsidy removal. What is the benefit?

It is only someone like Tinubu that can remove subsidy on $ and fuel and yet the NLC/TUC will not have power to ground the economy. If Jonathan was this bold during his tenure, we will probably have been better for it today.

the ways you guys talk is unbelievable. Even the white man sees nigerians as foolish and docile. Subsidy is your right. The govt was elected to take care of its citizens. Tinubu like to give out handout thinking everybody likes stomach infrastructure. Wage award is ruñning into billions. Why not use it and subsidize fuel and price of food will come down.

Odebayo4010:
If you're dating a Woman who is always uploading her pictures on social media,
Withdraw your commitment to her because she is indirectly telling you that she's available to other Man.Any Woman who is always posting pictures on social media is craving the attention of other Man

not true

ironheart:
We are a country of individuals. In turkey the other day, we almost presented our kidneys just to change 20 Euro to Turkish lira. Only in nigeria will a BDC sell you 2 million dollars without any form of documentation or records. They need to stop all BDC activities in the country. Any serious business should be done in naira

cbn should start handling dollar txns from now. They should also suspend banks too.

1Alex:
500mil is half a billion Naira ooo.

For this very vehicle?

Una wehdon for this country.

customy duty is up bro

IamAtikulate:

You get processed gas from your gas reserve.

Isn't it?

BTW, Igbo is building a $3.5 billion gas plant

no one will build 3.5 billion dollars plant and sell to local market case in tow dangote exporting

IamAtikulate:

We have gas in the South East.

Imo alone controls 2/3 of the current Nigeria gas reserve.

my guy face reality. You mean unprocessed gas

IamAtikulate:
It's no news that the Aba Geometric Power will be commissioned on 26th February, 2024.

As an integrated power project, Aba will generate, transmit, and distribute her power. This means that the city will now enjoy 24/7 power supply.

What are your expectations for this city?

Wish us good luck.

to buy gas easy? IPPs full every where but no gas.

Christianoir:
It is weird, I don’t talk with my neighbour, we only greet nd hail each other that where it end, but I haven’t really have any meaningful conversation with them before and it bother me sometimes tho.. I’m mostly an introvert nd the shy type. Is something wrong with me, sometimes I want to speak to them, but me speaking to them will mean being friendly, which I’m avoiding, ever since I rented this compound I’ve avoided trouble. Nd I’m someone who cares about what people say or care about the opinion of others, things get to me easily tho

Do they see me as a proud/arrogant person.
I’m I weird. Is there people out there like me who have neighbors like me.

Im a student tho.

Please ignore my typo error.

is all in your head. I overthink too myself. Even when i tell someone goodmorning, i would start overthinking like whether the person felt offended by it or not. Try to control your thoughts and go out more. It would help you. If you see your neighbour you can bring in a lot of topics, then sit back and see him talking while you listen. You can talk about the house condition and so on. Or you can observe the environment and it would be a topic.

Tap0lane:
If i wake early morning and an Igbo man tells me good morning na to quickly go outside go check weather with my two koro koro eyea make we no de night

exactly what your first lady said to a crippled man before she can help him. Una mind go touch ground.

9jatriot:
Good, so continue the shouting but also use the free time to go and produce something that you can sell locally and also if well done can be exported. As for free float, hopefully it has come to stay.

So produce something and export for $10k and you already have 17 million naira, abi you non like that kind money.

Those things things you have been importing, go and break one of them open and reverse engineer it and also start producing it.

Importer... Exporter de your complimentary card but na only import una wan do.

produce without power? Who is the minister of power?

mkbessman:
Please I’ve been thinking about this since last year. I teach here In Nigeria. I can’t afford to go to the western or Asian countries but I think I can be able to save to move to Gabon to atleast teach.

I’ve checked their minimum wage, unemployment rate and their exchange rate snd I think it’s better off than Nigeria. Please advise me. I’m still single and in my mid 30s.

Is it worth taking a try? I know no one there.

I am willing to take the risk to go look for a job there with what I’ve saved so far. I’m projecting 500k.

Please I honestly and sincerely need your advice

dont bother about hostility. The problem with nigerians is that we go to other countries and cause problems for them. We dont like integrating with their culture and climate. Always try to scam or out do them.

Babalegba:
How much are the investors bringing in and how much is being lost to corruption and saboteur activities. Can you invest in a dangerous country. Stop caring about investors,fix the country and investors will come.

will you want to invest your dollars in a country that takes these measures? When buhari started fixing fx, investors ran and naira went from 200 to 360. He needed to defend it all cost and he now borrowed till he bankrupted nigeria.

emkz:
These are just temporary measures and are bound to fail. The forex market in Nigeria is like a hydra-headed snake. Cut one head; as you face another head, the first head will grow back. Cut the damn neck! In other words, let the CBN address the root of the problem instead of pretending they don't know.

Since last week, dollars injected into the forex market are mopped up.

Who exactly are those mopping up the forex?

What economic activity is tied to the raid of the forex?

Ribadu claims the activities of speculators are responsible for the hike in dollar rates.

My question to Ribadu is: why are the speculators not afraid of the government?

For many years, bank MDs have been accused of buying forex from CBN and the forex goes into the black market through back channels, for example, there are vulturistic abokis sitting in banking halls trying to buy off dollars from customers.

Who regulates those abokis?

If the $10billion the vice president said would come into the system enters, it would be evacuated by the same speculators which would not solve the problem.

My observation is that CBN has lost complete control of the forex market and are being regulated by the BDCs and population instead of CBN being in control. All over the world, forex trading is heavily regulated by governments through central banks.

What I also observed is that the dollars are mopped up by those who don't need them but are keeping them for a profit. Therefore, let CBN take complete control of the forex market through the following measures:

(1) Deregister all unlicensed BDCs. That market is heavily unregulated and until they are faced squarely by the authorities, the practice of the naira dying will not stop.

(2) Stop selling dollars to commercial banks as it is clear that they have failed in meeting their obligations to customers with the dollars. People who approach the banks for PTA/BTA and school fees are directed to the BDCs. Why do BDCs have dollars and banks don't? Even with banks, some people still approach the CBN to transfer their school fees. Infact, it was found that the banks had $5billion in their vaults. How come no one has been punished when these same banks created artificial scarcity to push people to BDCs?

(3) All banks should be compelled to show a statement of how they used the dollars they received from the CBN from the last two years. At least it would give us some ideas of what disappeared through the black market.

(4) CBN needs to carry out a tsunami on the banking industry. Use some bank MDs known for the forex fraud as examples by dismissing them for breaking the law.

(5) Once all these measures are taken, the CBN must protect all forex coming into the country to ensure the problems we currently have are not iterated.

In summary, CBN needs to take drastic measures to regulate the market.

There are other measures that can be taken to get the dollars from those who have stored them. Whether the CBN would have the will is something else. The Nigerian forex market is like those who pirate music.

Kill the black market for forex.

what of nnpc who are the actual of source of dollars, why is nobody holding them to account?

Perfectman91:


How do you suggest I stop mine bro?

stop using porn to masturbate. It would be easier to stop.

immortalcrown:
"Lady harassed by young mad men after she first harassed herself".

The way you dress is the way you are addressed. But no justification for the harassment because two wrongs do not make a right.

man is desperation. Nobody cares anymore

iwaeda:


https://punchng.com/food-crisis-prioritise-investment-in-agriculture-us-urges-nigeria/

food is not the problem but devaluation which was caused by evil usa advise.

Benwems:


Stop supporting inappropriate behaviors. It’s against doctor code of conduct for him to have anything sexual with his patients. Many Nigerians lack manners and character. Many of them are also rapist.

lol. She is a sex worker my friend. She sold her service to him.

flokii:
May your efforts yield positive results.
The other one with questionable philosophy certificate would have buried our economy patapata had it been he won. Medical doctors, lecturers, labour etc. for don dey strike now.
We dodged a bullet.

you would eat renewed hope tire. Talk and no action. Then garnish it with sweet propaganda.

Origin:
Short term fix.


As long as everyone continues to use importer rather than local goods. The demand for fx will always stack higher than the naira....

From your gate to your living room to your bedroom everyone uses 90% imported in their homes. Even when local is available and cheaper. We all still opt for these imported items.......



We all know the solution but the fruit of corruption is to steal as to use all that glitters that is not gold....

Buy local to grow the Naira.


And it is still the same corruption that has our fx rising because our main trade partner is China and we should be concerned about the yen but our loans and corruption is in dollars.

shatap. Try and hold your leaders to account for once.

finallybusy:
That eight minute activity will always destroy the lives of the weak-minded.

she is a sex worker. The woman just blackmailed him. And you know the west they value women talk.

immortalcrown:
Wow! Shame on the so-called doctor.

This is a nice dinner for Jennyclay.

But why is the woman described as "vulnerable"?

na the way.if you see woman in obodo oyibo,remove your slippers and run to the mountain with it.

Una really try o. Una still dey import.

ogododo:


https://saharareporters.com/2024/02/20/terrorists-launch-fresh-attacks-benue-zamfara-kill-10-residents-two-police-officers#google_vignette

this is why there is food insecurity and not hoarding

Browndiary:
Press Release

Akwa Ibom State Governor, Pastor Umo Eno, true to his people -centric ways and commitment to seeing to the amelioration of the plight of the people has stated that the Bill for the establishment of the State Bulk Purchasing Agency, which is currently in the House of Assembly, is meant to ensure that the price of staple food items are within the reach of the people.

“We will buy the food items in bulk and ensure that they are made available to our people at relatively lower prices. The process will be transparent.

“I want to thank the House of Assembly for the expeditious manner this Bill is being treated. I want to assure our people that we feel their pain and are working hard to ensure that food security for our people is guaranteed.

“ That’s why they voted for me overwhelmingly and as you know, I came from this stock and I feel their pain completely.

“ I appeal to our people to exercise patience while the House of Assembly is working to pass the Bill, which would be immediately signed into law by me” the Governor had stated while fielding questions from Government House Correspondents.

Ekerete Udoh
Chief Press Secretary to the Governor
February 19, 2024

food subsidy. Good but politicians and corrupt people will hijack it.

TheBillyonaire:


If this is communism and will help improve your leaving standard then it is the right thing to do.

The west has their own failures to focus on now.

you forgot that tinubu is a highly capitalist minded person

DeLaRue:
Saying Tinubu knew what he was going to meet in government is ridiculous.

So, Tinubu knew Nigeria had only $3.7billion in its foreign reserve, not the $37 billion that the Buhari government led the country to believe.

Did Tinubu know that Emefiele, Buhari's assistant Tunde, and the Aso Rock gang stole billions of dollars and trillions of Naira?

Did Tinubu know that the Buhari government has sold most of the country's future oil production, collected the dollars and spent/stole it all?

Did Tinubu know that the past government was effectively handing over a virtually bankrupt country to him.

Why should Tinubu not blame the past government.

thank you. Why cant tinubu come out clean and say what is happening. This hide and seek is terrible.