₦airaland Forum

Ioannes:
look bro, I get what you are saying.

everybody is feeling the pinch of what's going on right now with the economy.
like I have always said on this forum, it's probably going to get a lot worse before it starts getting better.

it's just like a child who fears the sting of an injection, yet that's his only hope of healing.

unless it can be shown exactly why the policies will hurt the economy both short term and long term, then I think we should watch with eagle's eyes and see what PMB is up to.

unnecessary negative and destructive criticisms won't do sh*it.

if you can come up with a cogent argument why his refusal to devalue the naira for a short term relief (but to strengthen the currency long term) will destroy the economy, then I will buy your idea.

for one I think we should be grateful that at least we have a president who abhors profligacy and wanton waste.

if we have ideas let's put them out there in the public space and debate them.

people calling PMB all sorts of names is way too early in this administration and not only shows a lack of maturity but tells us that there is more to it than meets the eye, like pain over an election loss to a Fulani man or something.

you really have no idea what is going on do you??
you have been carried away by the whole "change" and "fighting corruption" rhetorics that you have absolutely no clue what is going on.

I am on the field. I work in a field that takes me out of the country as much as 6 times a year and sometimes more.
Conducting business has never been more difficult my brother.

The political class are still laundering with ease but people like us have to go through the system.
I cannot travel with even 20k usd cash without running into trouble. Limiting our foreign transaction allowance to 1000 usd per month and also denying travellers BTA/PTA is just callous and insensitive.

Its almost impossible to survive in europe and america with 12000 dollars per year.a

House rent per month (low estimate) - 500 usd-800usd

will 200 usd be enough to feed and fuel your car or public trans.
even parking permit alone will zap the money.

luvinhubby:
And has the naira not taken a massive nosedive since then, 245 to $1.
Investors are scared stiff of this administration rudderless policy direction & are yanking off the funds from our economy hence the free fall of the naira.

Its crazy maine.
This current admin has no economic direction.
Nothing!!

The poor and middle class are getting tortured with no mercy.
Gej was weak but atleast I didn't have to worry about waking up one morning and realizing that I can't transac with my debit card outside the country.

Its so embarrassing.

QuotaSystem:
The reason investors are leaving is mostly because of our ejection from some popular bond indexes as a result of our governments policy to refuse devaluation of the Naira. So it's definitely not a lack of policy direction and its senseless to devalue at the moment when we are not exporting anything apart from oil.

The official CBN rate remains N198/dollar if I'm not mistaken.

Yeah.
The official cbn rate remains 198 naira but its virtually impossible to get it unless you are a top politician.
None of my friends have had access to dollar from nigeria in a couole 8f weeks.
All the banks we've gone to vlaim to be out of stock.
I am a patriotic nigerian and I am willinh to take some suffering if and only if the policies are working.
Unfortunately, naira is still on a free fall in the parallel market and the parallel market is the true reflection of the currency value.

Even when I use my pos or atm for foreign transaction, dollars still goes for 235 or there about and not at the regulated 198. And then I get the 1500 zenith bank charge.
Its callous of the government to make such policies.
We have nigerians schooling abroad with little or no source of income. How do you expect them to cope?

Ioannes:
when GEJ was dollarising the economy, throwing dollars all around for electioneering purposes, you didn't make a noise o, you were hailing him. see now? I hope you can see the effects on the economy.

I am really trying to make some sense out of your write up.
How come when good things happen people credit buhari but when its bad, all blames must go to GEJ.
When power supply momentarily increased, folks attributed it to buhari's body language.
Now, we neither have power nor fuel and somehow folks find a way to blame GEJ.
please lets Be objective.

I am one of those that didn't support GEJ during the last election but i must confess that things were far better financially during the time of gej.
Business was done with ease and the market forces determined the exchange rate. That is how its meant to be.

All these draconian policies cannot improve the lot of nigerians and Nigeria.
Students outside Nigeria with accounts in Nigeria will have a hell of a time soon!

SirJeffry:
Go back home, withdraw all the money you have in there, pack them in your luggage (not in your carry-on luggage) and return to the states shikena. Abi your visa don expire?

Lol.. if its that easy, everyone would do it.
Here are the challenges you would encounter

1- The last time i checked, the maximum amount you can travel with (undeclared) is 10,000usd. Anything more than that needs to be declared and that will definitely cause some issues. I am sure you have read several cases of people having their foreign currencies seized by the customs/immigration.

2- Withdrawing all my money and changing it to dollars would require i go to the black market/parallel market exchange folks. 1 dollar is 250 naira or there about. That would weaken my money greatly.

I hope these two reasons is enough for you.

Ghandi12:
Sorry brother, you are not alone in your trouble - so many people are experiencing similar pains in different forms.

But let us be clear about one thing - We can only blame Buhari government for lack of innovation, efficiency and responsiveness in ameliorating the current economic hardship.

In all honesty they cannot not be entirely held responsible for the root cause of the problem. Our current economic ailment has a number of sources:

% Number one cause is the deep fall and subsequent flatten of crude oil price in international market - This was achieved by joint effort of the USA and their friends.

% The former Government of GEJ left a latent disaster in the economy. They were patching-up things. Money was being stolen with recklessly, public officers were stealing without caution and finally the election spending was executed in millions of dollars. It is just a matter of time for these seeds of recklessness to manifest as we are having today.

PMB is trying to reverse many of the obvious anomalies in the system but so far one can make the following observations in his approaches:

% He wants most issues decided on his table - the implication is that many may die of hunger.

% He has problem trusting people (not like we can blame him though) - the truth is no human is spotless not even the Nigerian Angels.

% There are too many people at the top that do not believe in doing things the right way - he has been replacing people but his efforts are still appearing inadequate.

% There is also the factor unmotivated or unfit civil and public servants - they do not care about doing their job ; they just want salary and pension remitted at the end of the month.

% He also appears to enjoy too much hero-worshiping.

I only have one question.
How does limiting my transaction to a paltry 1000usd help nigerian economy.
Do you knoww that monthly house rent in western world is close to 1000usd on a monthly basis??
How does starving legit travellersnof bta help nigerian economy?

Its crazy naah!!

Xetima:
ROBOT. Use your brains please, or is it that you have none?

No need to yab him lol... na hin opinion he dey express.

sultaan:
You have no idea how the world economics affects the local economy and what type of damage GEJ had left behind careless spending destruction of elementary sectors of they economy by bans, restrictions and triple taxation now everything has come to a halt no more free money called duty

your comment is sooo shocking i feel the need to quote you twice.
brb..

sultaan:
You have no idea how the world economics affects the local economy and what type of damage GEJ had left behind careless spending destruction of elementary sectors of they economy by bans, restrictions and triple taxation now everything has come to a halt no more free money called duty

Please educate me.
How does limiting my foreign expenditure to a paltry 1000usd save Nigeria?
That is crazy nah?

The economy has no direction and investors are scared shitless.
The stock market is plummeting and investors are scared.

GEJ didn't do that!
Lets stop throwing blames back and forth and demand the best from whoever is in charge.

The truth is that your brother IS not under any obligation to assist you guys.

That being said, i have a feeling he must have being of help to the family but it just wasnt enough because the problems wouldn't stop coming.
Your expectation of him became too high and the disappointment became too deep. Don't forget he is a salaried worker and things may also be hard for him.

I want you to see things from his point of view before you conclude that he was selfish and carefree.
Did he or did he not render assistance to the family at certain points?
Was he or was he not invited to the burial of your parents?

Lastly, you sound entitled. Please kill that sense of entitlement cos in this world, all man go answer hin last name.

what is going on with the Nigerian Economy?
It virtually impossible to receive PTA/BTA (travel allowance)

you cannot withdraw/transact more than 1000usd/month in any foreign store/bank

Zenith bank charges me approximately 1,500 naira per ATM withdrawal abroad!

i am scared for Nigeria.

Edit:::::::::::::::;;;;;
Today, i realized i can no longer transact with my debit card on foreign websites.

Revolva:
but na true o d name sounds too igbotic....let dem change it...a. Bit to sometin cathy...n d logo sef...na true OP de talk but big ups to innoson motors

About the name being too igbotic: from experience i have learnt that the brand name matters but not as much as product popularity and acceptance. Once the product inundates the market and gets great sales, IVM brand can and would compete with any international brand.

dazekid:
Rather than write business proposal/plan and present it officially to his company and get paid you decided to write an article to post on nairaland and get comments. One sharp guy from innoson would catch this now and b getting promotion upandan.

there is nothing special in what he wrote.
Judging from his write up, i can bet he is not a businessman in Nigeria.
The terrain is rugged and Nigerian business is all about connection.
Innoson can design and tweak all he wants but no one would patronize him because 7/10 times, a Nigerian would pick a foreign product over locally manufactured goods.

All innoson needs is government support.
If he got a fraction of support that was given to the likes of dangote them, he would be an unrivaled champion in Africa.
Only GEJ paid him a measure of attention.
Buhari should continued the good work GEJ started but i really doubt he would.

bigtt76:
You need to know the number of people shopping online NOT on Konga and Jumia BUT online stores in the US and UK from Nigeria. Most banks have now limited your foreign transaction limit to $1000/month na that go bolster our currency? Na waaa for you o!

So so true.
They are stifling everything.
My pos transaction limit is 1000 usd and zenith bank charges me 1500N for ever transac.
Its crazy.

As sick as it sounds, this shittt turned me on.
Fuckkk the botcch.
I really dont care what she been through.

i have a feeling this is false.
That being said, i wouldn't fly arik even if its free.
The airline is fucccked up.
you better off flying Royal air maroc which is equally shit!!

hmohammed:
I don't know what u guys are talking about. There is fuel in Lagos and also readily available.

Where?

Tobilexy:
we"ve been dating for a year now, she is quite a damsel must confess, one couldnt have imagined shes a virgin tho. not until that very day she decided to come over and was ready to roll. mehn! itried inserting my usb cable into her usb port, but was finding it difficult, the V was just freaking tight to swim in,it was like hitting a wall. though she was afraid of experiencing severe pain. it was one hell of a night. since i have been lashing havent experienced this.

Using the word "force" makes it sound like you raped her.
If that is the case, then shame on you.

Otherwise, use lube for easier penetration.
Don't push too hard.
Disvirgining a girl isn't a one time affair.

Confessng:
They don't look brutalised to me .
Yes most military personnel in Nigeria need to be trained and retrained ,but for one of the brothers to have said this is democracy and so on and so forth ,could it be the brothers were also trying to prove something ?

Unfortunately Soldiers are trained to subdue any form of insurbordination,its the training so that statement could have infuriated them and a statement like that would have come with an attitude too

When we seek to understand before we are understood we save ourselves a lot of stress.

I am sure you come from a lineage of cowardly slaves.

If there wasnt fuel scarcity, this poor fellow wouldn't have had any need tonstore fuel in his house.
If there was light, he probably wouldn't have need to buy fuek in jerricans.

Nigerian government steady raping us

Loool
Your husband turned you to a punching bag and you still stay with him??
Are you that desperate and helpless?
Where are your male siblings and the men in your family?
Why are you complaining to us? What do you want us to do?

Personally, if any man lays hands on my sister, that will bebthe last time he will use that hand in a long time cos I will make sure my goons break that hand.

Ravenwolf:
I am not trying to be partisan here but I kind of liked the stability that came with GEJ in some Sectors and areas of national life. I never had to pay 350 for a litre of petrol....


I had hoped PMB having toiled for twelve long years for the job would have the chops and know how to tackle Nigerias problem. I looked forward to real change but alas the feelers out there can send shivers down your spine. "Boko overtakes Isis" so we are in the record books again on a truly monumental scale. But in the not so distant past when we graced the record books it was for something positive “Africa's largest economy" a 500B behemoth. That news was uplifting, recent news? Certified Kill Joys.


This doesn't look like Change oh, the situation on ground seems to suggest a deliberate shortchange...

Well said.
Everyone is getting disenchanted by this administration

Commander in chief of the friendzone commission!

[img]http://4.bp..com/-HAbk33Lt12k/Vk6FCjhfb8I/AAAAAAAABbs/oPWEp0THWAs/s640/chairaman%2Bof%2Bfriendzone.png[/img]

Follow me on nairaland and i follow back.

http://spankthedonut..com.ng/2015/11/when-you-realize-you-are-zonal-chairman.html

ninovandross:
Its really been terrible, I had a really bad situation on tuesday, after trying to form hardcore I hit the fuel attendant cos he was selling to some guys that were not on the qeue seriously we've been qeueing for almost a hour and half then this guys from no where just wanna take the easy way, it all got bad really fast when the fuel attendant was mad about me hitting him, na dat tym I knw say d guy fit pass me tall pass me and for murder me if no be for other customers, I no knw when I start to dey tell am sorry say na stress cos am, all this nonsense cos I see my crush won buy fuel too hmmm

hahahaha
guy nothing does you.
If na me, i for fight the guy Ni!!!!