₦airaland Forum

This is very good, how on earth we will be voluntarily enslaving ourselves to the western world. I hope there will be heavy penalty for anyone or institutions that flouted this bill when it becomes law.

I hope our lawmakers will not be the lawbreakers of this bill when it eventually becomes law.

Good move.
It will make Naira stronger.

You do not need drugs to prevent pregnancy.
https://fantastic-innovator-5331.kit.com/09a1ef1843

RecentHistory:
What will they now use to bribe delegates in party primaries?

... maybe they will use SUV cars to bribe delegates since delegates will not like to collect naira

iscom:
Good

,.. remember they use dollars to bribe delegates during the primaries..so how will they approve this kind of bill

papiilo:
nice proposal

the political thieves embezzle in foreign currencies they wont allow that proposal work

Only the poor would be denied access to foreign currency.

Finally

datola:
Correct.

Some Colonial slave establishments such as schools and Malls insist on charging in USD.

The politicians should also remember to ban themselves from using Dollars to bribe delegates during political party conventions.

It makes it easier for them than the old Ghana-Must-Go bag

Hypocrites 😭👀🤣🤣

very funny people, are they not the ones buying and spending the dollars?

Is this even suppose to be a bill at all....
Using dollar to pay salary in a country where dollar is not the legal tender,imagine....

Good luck with that . . . 👍

Wisdomkosi:
Source : https://politicsnigeria.com/senate-moves-to-ban-foreign-currencies-in-nigeria-insist-on-naira-only-transactions/

This is what I have been advocating for since last year.
How can you be working in Nigeria and you are earning in dollars?
How can a supermarket in Nigeria has it's goods price tagged in dollars?
This is insanity

Scam!!!

SmartPolician:
No, it's not. Some big hotels in Lagos only accept payments in USD. This country is a playground for rich people. Laws are for broke people

House rents, leases and purchases in highbrow areas nko? Even diesel fee for their generators are charged/collected in Dollars. Estate agency fees too.

Shortlet apartment owners.

All we directors and senior managers of multinationals too dey this table. And awa own wannabes small companies CEOs/Chairmen/MD dem nko?

If we make Nigeria a better country to live, we would all enjoy it.

Mugu44:
That's how Tinubu & Cardoso said EFEMS was bringing down the dollar to N50.

What happened?
Has it malfunctioned or is Tinubu waiting for Emeka Singapore & Dozie Hong Kong to reduce it further?


Trial and error government of clueless thieves

The elite are introducing policies that will affect them, and you're angry. Please are you using dollar cash?

I don't even understand you people again

israelmao:
Senate is about banning themselves.

e go make sense o.

Wisdomkosi:
Source : https://politicsnigeria.com/senate-moves-to-ban-foreign-currencies-in-nigeria-insist-on-naira-only-transactions/

They will ban it and still share it during the next convention.

Wisdomkosi:
Source : https://politicsnigeria.com/senate-moves-to-ban-foreign-currencies-in-nigeria-insist-on-naira-only-transactions/

Bill that they will pass and they will still be the ones going against it, only will me made for the inconsequential people in the society, another chop chop for EFCC.

Wisdomkosi:
Source : https://politicsnigeria.com/senate-moves-to-ban-foreign-currencies-in-nigeria-insist-on-naira-only-transactions/

Death on arrival..
It's the only way to go but the economic experts will not agree, it works for Turkey, Egypt and recently Russia

Wisdomkosi:
Source : https://politicsnigeria.com/senate-moves-to-ban-foreign-currencies-in-nigeria-insist-on-naira-only-transactions/

it's a good one. But politicians are the ones using the foreign currencies the most. IYKYK

PEACE2023:
This is what I have been advocating for since last year.
How can you be working in Nigeria and you are earning in dollars?
How can a supermarket in Nigeria has it's goods price tagged in dollars?
This is insanity

are you serious?

vanditijjani:
It's the only way to go but the economic experts will not agree, it works for Turkey, Egypt and recently Russia

What’s the relative strength of the currencies you mentioned in the international market. We often look for quick fixes in this country, which can backfire. Banning foreign exchange here might give the naira a temporary boost, but it risks creating a long-term shortage (especially in the parallel market), leading to significant depreciation later on. You can take this prediction to the Bank. We should have learned from the Buhari era that outright bans rarely work. His decision to ban 41 items for forex only pushed people to the black market which was the origin of this volatility mess we are in. Ease of access to forex is what will stabilize its value, not restrictive policies that creates scarcity. Poor policies will ruin this country….