₦airaland Forum

Dotherightthing:
We earn dollars here too And it makes more sense than being abroad. To God be the glory.

All the same, I am not happy with the Naira's woes

Okay bro. Its a serious matter ooo.

The government needs to tax the hell out of unnecessary product people import to Nigeria. Only necessities should be allowed. This would help reduce the addiction.

So many forms used in subsidizing the dollar e.t.c form A, form Q, this form, that form. We are so addicted to US dollars that even my retired mum in Nigeria prefers that I send her dollars into her domiciliary account over the naira.

Sctests:
Agbados have been ordered to go online and prepare your minds for the free fall of the naira.

The dollar will be N10,000 before the end of the year.

Good deal for people like earning forex from outside the country.

As a Medical Scientist practising in Australia, I welcome the free fall of the naira. E favour me and my family.

Agbados should not be allowed to leave the country. They must enjoy the economic dividend of emilokan.

I also live abroad and practice as a professional, it favours me as well, but I don't gloat and laugh at those in Nigeria. What's wrong with you?

HenryThegreat1:
Where will they get their raw materials?

I do think manufactures will get dollars at official rate. What I don't understand is why those customs at point of entry are jacking up the fees (VAT, terminal charge, duty e.t.c). They are service fees and not a commodity..is the Nigerian government collecting those fees in US dollars for them to keep jacking up the fees based on exchange rate?

Financial Vanguard learnt that the Nigerian Customs Service, NCS, has frequently jerked up duty rates following persistent rise in exchange rate.

“There are other costs like VAT, shipping company charges, terminal charges and all that will be calculated based on the same exchange rate. So everything is based on that rate, so the cost has become prohibitive.”

Time for used Nigerian car sellers and local manufacturers like Innosons and Nord to make a killing, that's if the demand is there sha since Nigerians don't like made in Nigeria.

ednut1:
The North won Tinubu the election tho. Come 2027 they will still vote him because El Rufia is waiting for 2031

You even get time to dey shalaye. Tribalist will always be tribalist.

Nice2023:
Building materials are now produced in ur village I guess.

He is right. If that's the case, existing houses will appreciate in value not decrease. Simple laws of demand and supply. If people find it hard to import building materials? House won't get built and value of already built ones or new builds will appreciate. OP says it would decrease by one-third.

Usmanovic95:
Why campaign using propaganda against an opposition when you can easily campaign with how Tinubu has made Nigeria an eldorado? If you have to condemn other people's product to sell yours, then your product is not marketable enough.

The truth is NEVER propaganda. Truth cannot mislead.

DMerciful:
This will pass...you guys don't have the numbers to trend it for long

We will bring it all out with the "yes daddy" tape in 2027. The weapons are being stockpiled.

Are you okay Musiwa

What's wrong with this Musiwa guy.

PDP now shooting themselves.