₦airaland Forum

In UK they give quotas 10hrs max per day.

If your money can't flex you in UK, and you have to wait to come here to flex, then you are still struggling.

DaniellaDokubo:
As long as we not balancing our import and export (balance of trade) to get FX, this current move is not sustainable.

It can buy us time, till we start importing less...if Dangote can supply local market PMS and diesel, this will reduce our dollar needs to import these products... government should encourage local production of food and utilities...we can buy time with this, make the economy run, rather than watch dollar go off the roof, and the masses hitting the streets out of hunger and frustration. In economy it's about finding an equilibrium, till you get to your development or economic prosperity point. Economics is not static...but government must focus on catering for the people, doing everything it can to make food and basic things cheap, so life goes on, otherwise it's chaos and the vicious cycle...don't forget the poor people are majority.

Don't forget a nation is not a business, the work of government is to take care of the people, make sure food and basic utilities, fuel etc is cheap, not to release balance sheet.

erico2k2:
you need a reality check, by the way not everyone on naira land live in Nigeria just in case you have not noticed. Plus the FG and its team do not have a clue of how to stabilize the FX situation in Nigeria.as it stands this morning the £££ is N1655 this morning, do you know what that means

Because you dont live in Nigeria, you wish it bad?

Don't do that...I know those of you abroad want naira to keep crashing so your foreign currency will have more value here, but the high dollar rates affects the masses here. I might not be affected economically, but the high cost of living heats up the polity, and precipitates a vicious cycle.

erico2k2:
How do you mean """ YOU PEOPLE"""
last time I checked it was you bigging them up!

You people are delusional to think FG will sit down and watch dollar rate go off the roof, with Nigerians hungry, threatening mass insurrection, and do nothing...una funny o.

Dollar rate will keep going down, PMS, diesel price will come down.

Offload your dollars now.

erico2k2:
GOod luck with that

If FG can't work to make sure Nigerians are comfortable, then what are they doing there?

It's amazing how you people rate FG.

Good meeting.

erico2k2:
My brother it is had ohhh, cos the persons telling us to buy 9ja do not buy 9ja, their kids are abroad, the wear designers from abroad, go on holiday abroad, medical check up abroad, they wont even drive or be driven in made in Nigeria cars. They even prefer to spend in $$$ than naira. u want me to go on??

I know but at a point we must push for the right things... imagine if all Nigerians becomes corrupt, nobody works anymore, everyone focus on hoarding wnd trading dollars, dont you think it will lead to crises?

Didn't you see the protest when dollar was N1700/dollar, this dollar issue affects the security, and stability of the country, because imported goods will be out of reach of the common man due to high cost, this will lead to more criminality, protests and public disorders...or should we destroy our country and all become dollar hoarders?

The federal government has no choice, for it is better for federal government to use economic policies and monetary and fiscal measures to ensure the naira is strengthened than watch the nation go up in flames and chaos...the government job is to take care of the people...if government have to subsidize dollars so it comes down, so majority of Nigerians who are poor can afford things, I support it, that is the work of government, do everything possible to make the masses okay... otherwise government will see problems in their hands.

Let us try to change o, Nigerians.

erico2k2:
Its like saying our own thief is a saint. Now did you say this about bagged Cement

Why are you against the nation?

The nation birthed you, fed you to this day.

Is it bad to patronize Nigerian made product...I know some of us benefits from imports, dollar increase etc, but it doesn't mean we should not embrace good things...

Ipob is becoming a disgrace to their people.

Cowardly lies everywhere, nobody can take you seriously with this behavior.

femicyrus:
They know we don't have electricity.
They will stop the production of gasoline or diesel power automobile soon to make dangote refinery useless in the long run except we are ready to produce cars as well

Car production is one of the easiest things to do for a nation like Nigeria...we just need positive productive people, not people who only want to get rich by destroying the nation's economy. Nigerians too are a problem, they don't know what it is to come from a country...they seem to hate the country, but they are hating on themselves, because this is their country.

No smart person will see these signs and think naira won't appreciate. Dollar moved from N600/dollar to N1700/dollar (due to floating of naira), you made bogus profits, but your greed thinks it will continue...the windfall was due to the floating, even with all these current signs, Dangote, monetary policy and fiscal regulating measures you still think it will jump up again...now N1300/dollar... nothing is static especially in economics, a smart government must fight to make its currency strong. The Nigerian government seems to have taken the turn, things will only get better. Offload your dollars now, for your own good. Let us build our currency, we spend naira here not dollars, currency speculation is not a full time business.

There should be an holistic investigation... though it's sad to open fire on the soldiers, at least respect the authority they carry, because i don't think if the soldiers were on offensive they will be taken out easily.

Believeintruth:
Oga it is propaganda. These speculators know that the government is low on FX reserves whatever is happening is temporary. You don't use bait to force people to offload dollars, the government should show seriousness in doing it.

Okay keep hiding your dollar under mattress, you go come here and cry.

Dangote will see in naira internationally, we won't import diesel or PMS anymore...won't the dollar come down?

Most of you are just greedy people sabotaging your country economy, just greedy and dumb, you don't know the dynamics of foreign exchange, balance of payments, etc...

Power of mullah

Believeintruth:
You don't use propaganda to get people to offload dollars.

You call it propaganda but it is analysis, based on trends and occurrences.

Gilgil:
Key word is "Imagine".

Tense is Present delusional participle

Everything I stated is happening already and the rest will happen, if you love dollar go to America, this is Nigeria, we will strengthen the naira.

Emusan:
Security agencies know their location but the rough terrain is the most challenging part. As their location is always deep forest.

A colleague of mine who took the risk in 2020 to take ransom to the kidnappers narrated that, it'll only take high level security operations to engage those demons.

This story is not even stressful, my colleague said they were on bike for almost 2hr before they could reach the village they were told to go and trek for more than an hour. He also said the demons counted the money ₦2m then to ensure it's complete.

My Uncle's wife said they were made to walk for over 2days and lucky for her she was told to go back for the best reason known to them (maybe because my uncle was shot that night and he was between life and death) but the wife said they told the rest of people kidnapped to continue the journey bare footed in the bush to tell you that those demons doing that evil in a very deep forest.

Unfortunately, that's what we're living with up North.

Those jobless almajiri youths are easy prey to bokoharam as recruits, they use the poverty and religion

femisplash:
Are you serious?, naira is going to be a superman.

If we sell in naira, naira will appreciate faster, in this case we are being active, rather than being passive. When naira appreciate the value of our loan servicing payments will not be as high as it is now, we can pay up faster. It's all about demand and supply, it applies in all cases. If Nigeria sells it's oil in naira, nations will buy naira from us to buy the oil, the demand for naira will push up its value. It's all about demand and supply...this is why when the market is flooded with dollars the price crashes, and when unpatriotic Nigerians hoard it, there is scarcity and the price goes up.

This dollar appreciation is a big problem to Nigeria, if we can combat this, then we will achieve prosperity faster.

Buy Nigeria goods and patronize Nigerian services, government should continue to use monetary and fiscal policy measures to protect the naira, like flooding the forex market and regulating tightly. Regulating is important that is why we have CBN etc.

femisplash:
Bruv!!!, i love your idea but that's a wishful thinking, we got our debts in dollars, we serving our debts in dollars. We can't afford going that route.

The naira will appreciate fast, we will be able to pay off our debts quicker, if the president has the courage to do this, we will pay up our debts quicker... Nigeria is servicing it's debt, if not for stealing in government thise debt are chicken feed to pay back. Owing debts has nothing to do with us selling in naira, as long as we pay them their debts...we are not obliged to keep selling in naira because we are owing.

Paying ransom is illegal, your cousin is encouraging kidnapping. Report to police or army, how will kidnapping end when you enrich terrorists?

AcadaWriter:
Enemies will not like to hear this.

Let them keep hiding dollars in their beds dem go chop am.

We should charge naira for our oil export, make them go buy naira, to buy our oil, this will boost naira demand and value.

Are you angry that you unpatriotic hoarders and speculators will soon be out of business?

It will hit N400 before end of this year. Offload your dollars now, you unpatriotic hoarders and speculators...for your own good.

Wainey:
you don't know and you feel like you know.

People like you are the hardest to teach, I am done with you

You are just a zombie, following America and it's dictates like all the other zombies.

Who made dollar universal currency?
Who owns IMF?
Who owns world bank?

America owns this institutions, use it to manipulate Africa nations, and made it's currency international trading currency and zombies like you want to continue in that system, even when your currency can't compete... wisdom is profitable when used, it's not enough to know.

Offload your dollars now... mark this thread, you will say I told you.

Wainey:
the USD is a universal currency that is used as a legal tender all over the world, even when there is a trade between Nigeria and SA, we don't use the Naira or the Rand, what we use is the USD, so it's never a crime spending USD in Nigeria.
And yes, you can go to Australia with Naira, the problem is that u might no see where to change it, but nobody will seize it from you just because you have a few millions of naira in your disposal, though there is a particular amount that will make the security investigate you and ask you questions, if you could answer without any problem, they will let you go

Who made it universal?
Who gave it that previledge?

Nobody, it's just the slave mentality of Nigerians... nothing like universal currency, it is only used as the official currency in international trade, under the neocolonialistic imf international trade system...that's why we must join BRICS.

Nigeria is a sovereign nation, we can make laws to protect our currency and economy. We are not subjects of America. Nothing like universal currency.

Wainey:
it's still not a crime.
Watch Australia border security on DStv, and you will see foreigners entering Australia with different currencies, some entered with their own currencies while others entered with Australian currency. the govt didn't stop them.
There is no crime in having foreign currency.

Nobody will harrass you cos u have USD or yuan or Rand in Nigeria. Even the politicians shared USD in the last election, America didn't question them

It's a crime to spend foreign currency when you have your national currency as legal tender...when you are going into Australia, you can't be with naira, you must have Australian currency. Stop talking off point.

These people from wicked countries where they treat Nigerians as slaves.

Government is too lenient on terrorists and their sympathizers. The government need a secret hit squad to eliminate enemies of the state. Terrorize the terrorists...those in jails, poison them slowly.

Terrorist have killed over a million Nigerians we should be eliminating the demons.

Government need a secret squad for elimination of terrorists leaders, sponsors and sympathizers, nobody needs to know. A terrorist has no rights, all is fair in war, terrorists have since declared war on Nigeria, we are looking like zombie...ask Russian government to teach you how to deal with terrorists.

I have not seen a senator gone to jail in Nigeria, despite trillions that have gone down on constituency allowances, with no work on ground to show.

Dundalk:


some people can take risks for this life, no matter what.. If you dey desperate to make money yours na child play compared to someone else...

Especially dummies