₦airaland Forum

Tinubu will get it right 👍

His success is Nigeria success.

Racoon:
After helping to rig in a disaster? Guess he helped the disastrous Buhari government to bastardized this nation because of his wicked emilokan mentality?

Abi can the white powder sniffer claims he knows nothing about the enormous self-inflicted problems his APC bequeathed upon this nation? A stolen mandate in an cursed government is an irredeemable situation.

Thunder fire you. Your nemesis will surely come. Rotimi Amaechi case should have warned you, but this sheer wickedness and evil possessing you will not allow you to reason well.

Obi , Atiku and Tinubu rigged election at where they held influenced above one another. Your curses can't do him anything.

This is good news though but to maintain it, government needs consistent effort on it .

Other proferring solutions; such as solving of insecurity challenges, extensive farming, targeting Nigeria to become a products producing country.

This will make Naija to become exporting country and that will command inflow of dollars in Nigeria which will make Naira stronger.

Good news for Naija..

You won't see emergency lovers of Nigeria on this thread.

I still have my trust in Tinubu..

The refinery will work..

Barrywilly:
This culture of governors truncating democratic processes by imposing their annointed candidates/successors should be roundly condemned and blocked. This is inimical and dangerous to the development of the state generally and perpetual perpetration of evil practices and corruption. The Edolites should rise up and reject the candidates.

You may choose your foe as your successor.

Multiple strategies needed to confront these challenges on Naira.

Hoping for it to work..

If it's not monitor, it may look as if government is deceiving people.

Monitoring is the for the success of it.

Biden is using Putin to score political gains..

Putin is like, let's see who'll tired on the war Biden tried his strength.

It's not only Binance that is causing Naira instability, it's just part of the challenges..

BDC, big companies, commercial banks, some government officials and politicians too.

And saboteurs within CBN may be part of it. But masses suffering for it most.

One idiot said Lagos State Civil servants are living in penury. Meanwhile, which state in Nigeria pay above Lagos State on minimum wage.

Some has assigned themselves with sadistic job.

Sanwo Olu, you try but do it for love of the populace not to be playing politics with it, hence the palliatives may not be successful.

God bless Naija.

Those that understand the governance business understand that the government is on the interest for the betterment of Nigeria.

Chief of Defense Staff is a patriot that believes that chaotic approach won't solve problems positively.

Progression under democracy is faster than military regimes.

Xscape1993:
The military should go after the drug master first. Nigeria is not a serious country. Imagine Tinubu as Nigerian president!!!

You can continue your imagination till he finish his term.

Our politicians are very cunny and manipulative. I'm expecting some one to debunk his Nigeria budget dollarization analysis.

Nbote:
Now this is an analysis of someone who genuinely wants to have a conversation. Yes your analysis just broke down how many of these fake ads hike prices on Binance but then attributing it to the freefall of the naira is am overkill. Where do BDC operators get their USD from if not the banks? Where do banks get their USDs from if not CBN. The CBN sells dollars to banks who inturn sell at a profit. The CBN allowed itself to be used as the wallet of the political elites and that's what we are suffering from. The manipulation isn't in Binance, the Manipulation is by the same political elites who have amassed so much monies to influence whatever they like.

You and writer of the post saying same thing from different angles.

Those emergency lovers of Nigeria won't see anything wrong on this.

Their target are bad wishes for Nigeria, whereas the party they're presenting to us is already in corrupt allegations.

Both party chairman and the party presidential candidate are crooks.

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.

God bless you.

I'm observing either this concerted effort will make some changes or not.

No government can tolerate economy saboteurs to this pathetic level.

God bless Naija.

Government should try to reason with suggestions that will safe our currency.

Nigeria will be great.

EbolaTinubu:
FOOLS banning it is not the solution to our problems

If you are still supporting this mad men in power, just submit yourself to a psychiatric home because you are not mentally Ok. You need serious help aswear

It's you talking senselessly..

You rubbish every suggestion without bringing any and still gaslighting.

The government is applying proactive efforts to mitigate the current economy situation.

I pray it works if those that will handle it are sincere if not.

God bless my president.

God bless Naija.#

The government is applying proactive efforts to mitigate the current economy situation.

I pray it works if those that will handle it are sincere if not.

God bless my president.

God bless Naija.

The emergency lover of Nigeria throwing destructive criticism against the presidency just to instigate the populace against government.

Only millionaires can afford to travel, meanwhile, people has been queuing at embassies since Obasanjo's regime, this I remember vividly when I went to US embassy then.

Gaslighting familiar issues making it more obvious of those behind all these trying to drive out of their propaganda tools.

The sense he couldn't use for Anambra State to become better than how he met it, the pretender now turns to deceptive economy adviser.

That's my Jagaban, I strongly believe in your leadership.

Respect to Pa Y Gowon.

Congrats to her. wishing successful running of Nigeria Immigration Service affairs.

Gajagojo:
Are you any better?
You are full of hate and bitterness

As you're full of being motivator of evil.

Gajagojo:
You are a motivated hater
Your bitterness is follow come

You're an encourager of commercial sex workers. Are you one of them?

Gajagojo:
You are a hypocrite
You are not in any position to judge
Are you any better
All we are able to see here is your bitterness of spirit and hateful.nature

you're too elementary with hypocritical attitude displayed by you. Simply repent and quit aiding immorality.

Gajagojo:
You are frustrated bitter hypocrite
We see what you are made of inside

What value do you possess or manifest to call another person's live valueless

All we see is bitterness hatred and frustration

I hate bad influencer.. I'll not relent on my standards.

Your own sweetness lase with evil which is valueless to humanity.

That's who you're, if you run away, you tired of the meal you prepared for yourself.

Gajagojo:
. You are frustrated bitter hypocrite

That's who you're, if you run away, you tired of the meal you prepared for yourself.

You are frustrated bitter hypocrite[/quote]That's exactly, who you are.