inoki247:


LoL keep believing in your own theory when you wake let me know there are people you can't touch you can only bark....


Since people av been getting arrested for vote buying av u ever see dem been convicted or the court or anybody telling them to produce who gave them the money you go soon wake up election is here already....

You are confusing a lack of political will with inability.

SmartyPants:


You are confusing a lack of political will with inability.

I say continue let APC keeps giving you guys false hope na so dem use BVaS decieve una dem don find loopholes inside.....

Una go soon rest I dey enjoy the cruise for now and the hallucination wey u guys dey gt...

Agbegbaorogboye:

The pundit is just pandering to public opinion.
The whole hullabaloo is as a result of hoarding. Even CBN gov said it yesterday that banks have compromised.
Where CBN supposed to simulate banks compromising?
The naira has been dropping for various reasons from time. So, it's just giving a dog a bag name to blame the current redesign for that

You're living in denial. We're the pundits assessments not right with the current mess on the ground?

There was a massive drop in the Naira's shortly after the announcement to 840 to the dollar. There was also a severe scarcity of dollars soon after.

Blaming the banks is simply hogwash by the CBN.

This isn't the first time a Naira redesign has been carried out. The last one carried out was hitchfree.
Why haven't economists like Pat Utomi or even Charles Soludo who probably carried out the previous one praised the present CBN's effort?

What is on ground is nothing short of incompetence.

Agbegbaorogboye:

You can't expect him to teach buhari everything
No be him born am

Really! buh the DNA test Igbos carried out naa Bola Tinubu Ahmed be Buhari biological father that why buhari must do everything Tinubu says abi

That why tinubu must be blamed for every failure brought upon Nigerians,

naa Tinubu born buhari and naa only tinubu vote for election 15/19 to make buhari winner.

grandstar:


You're living in denial. We're the pundits assessments not right with the current mess on the ground?

There was a massive drop in the Naira's shortly after the announcement to 840 to the dollar. There was also a severe scarcity of dollars soon after.

Blaming the banks is simply hogwash by the CBN.

This isn't the first time a Naira redesign has been carried out. The last one carried out was hitchfree.
Why haven't economists like Pat Utomi or even Charles Soludo who probably carried out the previous one praised the present CBN's effort?

What is on ground is nothing short of incompetence.

There are people who have had the new notes since last year while some are still finding it difficult to get in the new year
What's that? Hoarding!!
The CBN released the notes since December. So blame banks that connived with politicians for the mess not the central bank who is just carrying out its statutory functions.
Soludo wanted to re-denominate the naira and that cost him his job at CBN. Some people are usually against what they can't control.

reddingtonblack:




Really! buh the DNA test Igbos carried out naa Bola Tinubu Ahmed be Buhari biological father that why buhari must do everything Tinubu says abi

That why tinubu must be blamed for every failure brought upon Nigerians,

naa Tinubu born buhari and naa only tinubu vote for election 15/19 to make buhari winner.

Stop mixing issues up.
I never said Atiku teaches buhari everything or that Buhari even listens to him.
My point is he has come up with useful suggestions for the current issue on ground while others are simply wailing and whining.
That's the hallmark of a progressive minded leader.
It is however a lie to claim Buhari doesn't listen to Tinubu. Tinubu advised that more notes be printed during covid and so it happened.
Tinubu has also offered unconditional support to Buhari even up to defending herdsmen accused of murder. So you simply can't blame people who pin Buhari's failure on Tinubu.
He's more or less an accomplice in this govt

Agbegbaorogboye:

Stop mixing issues up.
I never said Atiku teaches buhari everything or that Buhari even listens to him.
My point is he has come up with useful suggestions for the current issue on ground while others are simply wailing and whining.
That's the hallmark of a progressive minded leader.
It is however a lie to claim Buhari doesn't listen to Tinubu. Tinubu advised that more notes be printed during covid and so it happened.
Tinubu has also offered unconditional support to Buhari even up to defending herdsmen accused of murder. So you simply can't blame people who pin Buhari's failure on Tinubu.
He's more or less an accomplice in this govt

Check the time CBN govt release his statement and check the time Atiku posted his comment,
iF the Cbn govt already made a declaration that the official deadline is feb 10 and emphatically made it clear no extension, naa that time Mr Atiku cum get suggestion, to fool who ?? is that not another campaign after election

If Atiku feels he has brilliant suggestions and truly feels concern, Cash scarcity is not the only problem we are facing at the moment, we have fuel scarcity tew, the govt seems clueless now let see Atiku proffer solution ahead not when the govt now take decisive action he will now drop suggestion.

Tinubu knows he is an accomplice that is why he fighting hard to clear his name and make Nigerians understand that even tho he helped Buhari to become president he was sidelined as well, its a public knowledge even VP yemi osibanjo as no say in Buhari govt, these are not excuses, it is what it is

OlujobaSamuel:

I remember telling someone here that it's going to lead to a cost push inflation, he dey tell me sey I no Sabi economics.
I had to stop giving out more than 5k for POS transaction as people are hungry.
A colleague of mine is charging 500 on 5k which I felt it's not too cool.
I even felt bad charging 300 on 5k.
People don't have cash and they need to feed.

You tried.
currently 5k for 25k thats what paid

gaby:


Abeg, just help me drag your useless papa and wayward mama by the neck go the next fuel station go shout "APCeeee Emilokan".

I go dash you $200 equivalent of the new currency.

Thunder scatter your moronic urchinated skull.

Asswipe.

Mugu I wish I have time to do all this shit.. I’m not a campaign manager to any politician or political manager why should I go outside shouting how you and your kinsmen will do cause of the illiteracy and thuggery that runs in your gene…

samfrancis1:
Mugu I wish I have time to do all this shit.. I’m not a campaign manager to any politician or political manager why should I go outside shouting how you and your kinsmen will do cause of the illiteracy and thuggery that runs in your gene…

Senseless dolt.

reddingtonblack:





Check the time CBN govt release his statement and check the time Atiku posted his comment,
iF the Cbn govt already made a declaration that the official deadline is feb 10 and emphatically made it clear no extension, naa that time Mr Atiku cum get suggestion, to fool who ?? is that not another campaign after election

If Atiku feels he has brilliant suggestions and truly feels concern, Cash scarcity is not the only problem we are facing at the moment, we have fuel scarcity tew, the govt seems clueless now let see Atiku proffer solution ahead not when the govt now take decisive action he will now drop suggestion.

Tinubu knows he is an accomplice that is why he fighting hard to clear his name and make Nigerians understand that even tho he helped Buhari to become president he was sidelined as well, its a public knowledge even VP yemi osibanjo as no say in Buhari govt, these are not excuses, it is what it is

Seems you only read the headline and not the full thread. Go back and read other suggestions he put forward.
The only way he can clear his name is to apologize to Nigerians for the mistake not campaigning and whining when things don't go his way

Unlike Sweden, India’s cashless policy did not work out for various reasons. In every economy, people have an emotional attachment to cash; consequently, they oppose attempts to modernise payment systems.

A Statista report predicted that smartphone penetration in India would increase by 70.35% by 2023. But the bane still stands that many people in India, especially those in rural areas, do not have access to bank accounts or the necessary technology to use digital payment for several reasons.

It becomes worse when these people do not even care for banking services. A report by the Total Fintex Database showed that many account owners in India opened their first accounts in a financial institution to receive a wage or salary from the government.

But they often pay their utility bills in cash. Where there’s the option to pay digitally, they would rather choose cash because of high fees and slow transaction speeds, among other concerns. The report also stated that of the one billion account owners in India, 540 million do not make digital payments.

In November 2016, India introduced its demonetisation policy to remove certain high-denomination banknotes from circulation to crack down on corruption, tax evasion, and other illegal activities and push towards a digital economy.

Like CBN’s directives, cash withdrawals from ATMs were restricted to a maximum of 2,000 rupees (US$30) daily; it was later increased to 4,000 rupees (US$60). Cash withdrawals from banks were also restricted to 10,000 rupees (US$150) daily and 20,000 rupees (US$300) weekly. The policy made it impossible for people to access their money for a long time, resulting in many controversies and a negative economic impact.

Critics referred to it “as force-feeding cashless transactions down the throats of such a large population.” Still, the currency in circulation continued to grow. India’s cashless policy was unsuccessful because it did not adequately address the challenges and concerns of the country’s population.

Interestingly, six years later, the International Monetary Fund (IMF) said that India is making great strides towards becoming a cashless economy. The international body also praised its digital identity and payment system built on Unified Payment Interface (UPI), an API, which transformed India’s digital payments by allowing free integration for private fintech companies and traditional banks.

https://techpoint.africa/2022/12/09/lessons-sweden-india-nigeria-cashless/

Goel:

In India, demonetization ended counterfeit currencies being smuggled from mafia of neighboring countries.

It also permanently pushed a large chunk into online transactions. Indian government thereafter opened Jan Dhan accounts and launched Unified Payments Interface (UPI); an Indian competitor to Google Pay and RuPay card (Indian challenger to Mastercard and Visa).
Since then, 68% of Indian transactions happen bank to bank online.

India never came back to cash levels of 2016 since then as online payments became new normal.

Agbegbaorogboye:

You can't blame me for not understanding what I said. I'm not responsible for your iq

you mean you dont understand what you said?

Agbegbaorogboye:
This is how a leader speaks
Offer solutions and suggest ways to implement them not whining and cursing and inciting people against good govt policies just cause it does not favour your selfish interests

did you need answers before you said the above?

How is the policy a good govt policy?

What has atiku said that is feasible and practicable?

When did buhari and emefiele who have been oppressing nigerians since 2015 automatically begin to care about the welfare of Nigerians?

lexy2014:


you mean you dont understand what you said?



did you need answers before you said the above?

How is the policy a good govt policy?

What has atiku said that is feasible and practicable?

When did buhari and emefiele who have been oppressing nigerians since 2015 automatically begin to care about the welfare of Nigerians?

I mean you don't understand what I said

That's obvious from the dumb questions you're asking

Agbegbaorogboye:

I mean you don't understand what I said

That's obvious from the dumb questions you're asking

Agbegbaorogboye:
This is how a leader speaks
Offer solutions and suggest ways to implement them not whining and cursing and inciting people against good govt policies just cause it does not favour your selfish interests

did you need answers before you said the above?

How is the policy a good govt policy?

What has atiku said that is feasible and practicable?

When did buhari and emefiele who have been oppressing nigerians since 2015 automatically begin to care about the welfare of Nigerians?

lexy2014:




did you need answers before you said the above?

How is the policy a good govt policy?

What has atiku said that is feasible and practicable?

When did buhari and emefiele who have been oppressing nigerians since 2015 automatically begin to care about the welfare of Nigerians?

No. But I need answers before i can answer the questions below

Agbegbaorogboye:

No. But I need answers before i can answer the questions below

Good. How is the policy a good govt policy?

What has atiku said that is feasible and practicable?

When did buhari and emefiele who have been oppressing nigerians since 2015 automatically begin to care about the welfare of Nigerians?

lexy2014:


Good. How is the policy a good govt policy?

What has atiku said that is feasible and practicable?

When did buhari and emefiele who have been oppressing nigerians since 2015 automatically begin to care about the welfare of Nigerians?

Remind me why exactly you're asking this questions

Agbegbaorogboye:

Remind me why exactly you're asking this questions

How is the policy a good govt policy?

What has atiku said that is feasible and practicable?

When did buhari and emefiele who have been oppressing nigerians since 2015 automatically begin to care about the welfare of Nigerians?

lexy2014:


How is the policy a good govt policy?

What has atiku said that is feasible and practicable?

When did buhari and emefiele who have been oppressing nigerians since 2015 automatically begin to care about the welfare of Nigerians?

The point of these questions is.....

Agbegbaorogboye:

The point of these questions is.....

How is the policy a good govt policy?

What has atiku said that is feasible and practicable?

When did buhari and emefiele who have been oppressing nigerians since 2015 automatically begin to care about the welfare of Nigerians?

lexy2014:


How is the policy a good govt policy?

What has atiku said that is feasible and practicable?

When did buhari and emefiele who have been oppressing nigerians since 2015 automatically begin to care about the welfare of Nigerians?

......

Did India do it within 30-40 days?

Goel:

In India, demonetization ended counterfeit currencies being smuggled from mafia of neighboring countries.

It also permanently pushed a large chunk into online transactions. Indian government thereafter opened Jan Dhan accounts and launched Unified Payments Interface (UPI); an Indian competitor to Google Pay and RuPay card (Indian challenger to Mastercard and Visa).
Since then, 68% of Indian transactions happen bank to bank online.

India never came back to cash levels of 2016 since then as online payments became new normal.

That 17th February deadline is illegal and a violation of the CBN act. There is no legal provision that states or gives a time limit on when CBN can stop accepting old currency notes.

Section 20 (3) of the CBN Act states: “Notwithstanding sub-sections (1) and (2) of this section, the Bank shall have power, if directed to do so by the President and after giving reasonable notice in that behalf, to call in any of its notes or coins on payment of the face value thereof and any note or coin with respect to which a notice has been given under this sub-section, shall, on the expiration of the notice, cease to be legal tender, but, subject to section 22 of this Act, shall be redeemed by the Bank upon demand”.

Section 22 of the CBN Act which is the conditional clause and exception for the redemption of old notes states: “A person shall not be entitled to recover from the Bank the value of any lost, stolen, mutilated or imperfect note or coin.

The CBN under section 20 (3) only has the power to give a specific day within which a new currency will become the official legal tender after giving us reasonable notice.

However, the CBN does not have the power to give a deadline on submission or the surrendering of the old currencies. For Emefiele to say that CBN will no longer accept the old currency after 17th February is not supported by law.... It is wrong and illegal....

Micval:

Let me explain this to you, after 10th of this month,old Naira note will cease to be a legal tender,you can't transact with it, but if you still have it in your custody, banks will still accept it till 17th