₦airaland Forum

CilicMarin:
Peter Obi know nothing other beer factory.

The naira has been on steady appreciation, since all the reforms and crackdown are going on.

Check the rate this morning.

Is that how Tinubu met it months ago..

Suffering and smiling

Tomorrow you will join the hunger protest ode

chisomkachy:
Peter Obi

Is Peter also trading currency? Any organization that profits from nigerians hardship should be raided - filling stations, banks, PoS operators, etc

dettolgel:
I am not saying that they are all registered.

The other question you should ask yourself why does anyone go to them in the first place?

If I recall correctly there used to be a time that if your want to travel or need tuition fee or pay for importation you will have to go to the bank and the bank will process it through CBN. The question is why ain't this possible?

If CBN fulfil these needs I can guarantee you that road side Mallam will die a natural death.

To the point that they control the economy that is entirely wrong. Because in your own ascertain you stated that if they are stopped their activities will not affect the Gdp and the economy how come their presence is affecting the economy - this sounds contradictory to me?

The government is not saying you can't transact with the registered ones.The government wants them to be regulated and have records for their transactions. This is good for our national security..For example All these kidnappers that collect 100m, 200m ransom are being exchanged for dollars easily because there is no record of it..These kidnappers are just keeping the exchanged currency somewhere without need for it and this is making it difficult for genuine business men have access to them..

Asswipemod:
They are licensed BDCs, therefore,they are immune to corruption and practices akin to economic sabotage, right? The commercial banks that involve also in round tripping are not licensed, right?

That's another issue entirely and nobody's denying that. That ain't what we are talking about here before you force words into somebody's mouth. Pray,where did you see me say they are immune to corruption and corrupt practices?!

If obi is against raid on bdcs then am grateful he didn't win

Jogs1900:
The government is not saying you can't transact with the registered ones.The government wants them to be regulated and have records for their transactions. This is good for our national security..For example All these kidnappers that collect 100m, 200m ransom are being exchanged for dollars easily because there is no record of it..These kidnappers are just keeping the exchanged currency somewhere without need for it and this is making it difficult for genuine business men have access to them..

I agree with the government that they should be registered and thay they also provide documents for each transaction.

Okoroawusa:
Abeg Gerrout!

Hypocrite.
Tomorrow you lot will wail on how he doesn't give any contributions to the government..

Unproductive money here to my understanding encompasses money stolen from government or non government coffers, ransom money, fraud money, bribe money. All the money illegally acquired without creating any value in return but to be expanded for another lawfully created value. This way Naira is like trash in the international arena.

Dyfynezz12:
Where is benuejosh? Is he dead or has his legs broken as a result of standing on a stolen mandate

you that have mandate go and be President. Nigerians including your parents happily voted the best and not the one who said he got advice from a mad man.

benuejosh:
you that have mandate go and be President. Nigerians including your parents happily voted the best and not the one who said he got advice from a mad man.

Oga no be quarrel
Just that ur swagger seemed to have died down or 're u tired if standing on a stolen mandate?

modernWays:
How I wish this guy rule, even if it is for one year for all to see how empty he is. Any politicians that doesn't put Nigeria factor into consideration before talking is not worth to be taking serious.

Dollar is heading towards abysmal level, this one is talking about consumption to production as if that could happen within a year. You don't talk about electricity, modern rail system, and infrastructure, which takes few years under a serious government to materialise but keep shouting consumption to production up and down. To even think that the man did not own a single factory where he produce anything is a great absurdity to rational minds.

I will chose Prof. C. Soludo and Umuahi over this empty guy a million times.

He no get plan. His plan is to hands off to IMF puppets to keep enslaving us with fake debt settlements while signing new and exploitative ones in the middle of the night. The guy no get anything to offer. All lies and impossibilities. We have to dig ourselves out of the hole we put ourselves in for the past 60yr. It’s not going to be easy. We just have to ensure we do not go back to doing things how they were being done.

jumper524:
The raid was not on bdc but on those Mallam engaged in an already outlawed activities.
BDC operators were only slammed with regulatory policy so as to tighten the loop holes they exploited.
The naira has been on steady gain ever since and today it's 1600.
I'm sure Peter obi was the same person who clearly stated you don't remove a teeth just like that because it aches you.

Corruption, underproduction are part of our problem, we aren't pleased with that but then we don't allow a new problem of negative speculation develope into a critical one because we are fighting a much bigger problem.
Problem in it's self is well managed at an initial stage.

I know you don't like obi but you criticized intelligently and even proffer additional reason.. This is how we should be not turn everything to tribal war and dick measurement.. I salute you bros

OPICANTO2223:
They will still attack you PO. Stop giving them ideas on how to rule Nigeria. Hmmmmmm

Obi and late wigwe deals on dollars it was alleged but no comment till now. So Obi is supporting every government officials to establish BDC against the civil service rule and trading of dollars in the open market square. He talked of production as if it's just by given a command and it's done. Moreso he markets other countries products on importation, no single production factory was build by OBI himself Talk is cheap, thank God he was an 8 years governor and Anambra was moved from consumption to production in Lagos. Such is life, . I remembered when Buhari Lost election in 2011 and said Nigerian has missed the golden opportunity to be self sufficient. After he was given the opportunity we can see how far. Now obi is talking...

Mr trader ya bank is complicit in this crime of selling of dollars to crooked bureau de change.LET ALL BDCS BE SCRAPED,GO TO BANK AND TO DO ANY DOLLAR TRANSACTION,EVEN IT IS ONE CENT.
AH AH? EVEN IN SA PEOPLE FONT HAWK DOLLARS ON STREETS EXCEPT CRIMINAL ELEMENTS
WE MUST SANITIZE OUR FOREX SYSTEM NOW TO HAVE ECONOMIC SANITY THAT WILL LEAT TO GROWTH.

designking:
Currency hawkers or Mallams that sell dollars in some streets and markets are not BDCs.

Their activities is illegal and CBN must clamp down on them to stop their illegal activities.

True that.

This is why they are called the "illegal currency black market speculators." A complete aberration in any major country of the world.

omohayek:
And how exactly do the following empty generalities constitute "constructive criticism" and a "solution" to anything?

It's merely pointing out the obvious to say that the Nigerian economy suffers from low productivity. The real question is how to increase said productivity, not merely pointing out the need to do so, and here Peter Obi has nothing to say on the matter. Not once has Obi offered any concrete policy proposals in this direction, just vague moral posturing.

The same is true of his talk of "fighting corruption". Well, duh! Of course corruption is bad! Of course it needs to be fought! But does Obi offer any substantive proposals as to how to do a better job of that than has been the case in Nigeria for the last 60 years? Of course not! Why are we supposed to treat the man as if he were some sort of prophet for simply stating what anyone with eyes can see?

The ironic thing here is that, like the proverbial broken clock which is right twice a day, Peter Obi is actually correct in his criticism of the EFCC's scapegoating of the BDC. Such actions do nothing to solve the underlying causes of Nigeria's runaway inflation (namely loose monetary policy by the CBN and money-printing by the FG), while undermining investor confidence in the government's respect for markets and the rule of law, driving away the very foreign investment the country so badly needs. The tragedy is that Obi, in his unwillingness (or inability) to do more than offer empty but nice-sounding generalities as "constructive" advice, gives no indication that he would have fared any better at tackling Nigeria's problems if he were at the helm. He is like the proverbial backseat-driver who prattles on as if he were Lewis Hamilton, safe in the knowledge that his inflated self-opinion will never be put to the test.

Your so long a letter doesn't major up . Very pointless.

Simply put, what you just termed as 'generalities' blended with your long rendition of English grammar, are what this administration ought had undertaken vigorously ab initio-as a trajectory to economic revamping over the months - amidst avalanche of Policy somersaults . And that is what PO is passionately pointing out.

If you are looking for specific solution proffering from opposition, my man, you are still dreaming .

phemray:
Obi and late wigwe deals on dollars it was alleged but no comment till now. So Obi is supporting every government officials to establish BDC against the civil service rule and trading of dollars in the open market square. He talked of production as if it's just by given a command and it's done. Moreso he markets other countries products on importation, no single production factory was build by OBI himself Talk is cheap, thank God he was an 8 years governor and Anambra was moved from consumption to production in Lagos. Such is life, . I remembered when Buhari Lost election in 2011 and said Nigerian has missed the golden opportunity to be self sufficient. After he was given the opportunity we can see how far. Now obi is talking...

I talk am. The senseless people on it again. Only in them I see that academic knowledge is different from wisdom. Imagine a group of people with out sense of forecast

BabaO2:
obviously he knows nothing and too shallow.
Because he contested an election shouldn't give him voice to destabilise the country because of him selfish interests. People privileged actually came out before now that fidelity bank owned by him are the foremost dollar round trippers through the effortless evacuation of dollars at official facilitated rate of #400/$ from CBN by emefiele

I talk am. See attack , but i will not blame you because of faulty culture. Culture where the traditional rulers are seen as God. His words are followed sheepishly. Imagine if foolish, visionless and selfish man is made the traditional ruler. The whole tribe will wallow in foolishness.

This is the main problem they are creating for Nigeria

OPICANTO2223:
I talk am. The senseless people on it again. Only in them I see that academic knowledge is different from wisdom. Imagine a group of people with out sense of forecast

Your forcasting, how far? Tinubu didn't forcast but visionary. This is how you know of anyone with that quality. Your policy or project initiated shall be a Legacy to be copied by others simply because it's working. You can mention enough of Tinubu in his Time in Lagos till today. I don't know of any enduring Legacy created by Obi not a single one. Mention it. Ok why obiano build Airport but obi that saved the money can't? Because he can not think of anything to do with the money? Everyone is intelligent but you are only intelligent when your intelligence is productive and beneficial to others. How much is the value of that airport today compared to keeping the money in personal Bank for personal reasons?. Or the interest was shared to anambrians?

phemray:
Your forcasting, how far? Tinubu didn't forcast but visionary. This is how you know of anyone with that quality. Your policy or project initiated shall be a Legacy to be copied by others simply because it's working. You can mention enough of Tinubu in his Time in Lagos till today. I don't know of any enduring Legacy created by Obi not a single one. Mention it. Ok why obiano build Airport but obi that saved the money can't? Because he can not think of anything to do with the money? Everyone is intelligent but you are only intelligent when your intelligence is productive and beneficial to others. How much is the value of that airport today compared to keeping the money in personal Bank for personal reasons?. Or the interest was shared to anambrians?

You took time to construct this statements. When a group of people does not know and does not know that they did not know is a big issue.

Though culture contributed a lot to creation of vile people. A culture that genuflect to their king as God and see him as such is doomed. Doomed in the sense that if a their native rulers are corrupt and evil, all followers like headless sheep's will be lead to the swamp.

Such is their case. Inside the same swamp , the headless sheeps will be still be shouting and praising their king.

The most shameful tribe

PARADIZEPRIEST:
Mr trader ya bank is complicit in this crime of selling of dollars to crooked bureau de change.LET ALL BDCS BE SCRAPED,GO TO BANK AND TO DO ANY DOLLAR TRANSACTION,EVEN IT IS ONE CENT.
AH AH? EVEN IN SA PEOPLE FONT HAWK DOLLARS ON STREETS EXCEPT CRIMINAL ELEMENTS
WE MUST SANITIZE OUR FOREX SYSTEM NOW TO HAVE ECONOMIC SANITY THAT WILL LEAT TO GROWTH.

no more hawking of dollars on streets go to bank or bdc office