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Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsBill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading (2411 Views)

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Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by JagabanBorgu: 6:17pm On Dec 17, 2024
Sp1ritHusband:
You tell me?
Someone making a comment without a point, it's a common occurrence in Nigerian but such people think they are smart.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by Sp1ritHusband(m): 6:19pm On Dec 17, 2024
JagabanBorgu:
Someone making a comment without a point, it's a common occurrence in Nigerian but such people think they are smart.
Honestly, I am a very smart dude!
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by JagabanBorgu: 7:15pm On Dec 17, 2024
Sp1ritHusband:
Honestly, I am a very smart dude!
I always hear that.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by Sp1ritHusband(m): 7:20pm On Dec 17, 2024
JagabanBorgu:
I always hear that.
You got to believe me. I am the real deal.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by Abee79(m): 7:27pm On Dec 17, 2024
Way to go! 👍
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by Pipsmarshall1: 7:32pm On Dec 17, 2024
I dont know why this politician wants to ban forex.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by budaatum: 7:57pm On Dec 17, 2024
richmond500:
many online companies and Nigerian Upwork work pay in dollarz
Those don't sound like Nigerian companies to me, and they'd likely keep paying in the currency they pay in despite this bill.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by budaatum: 8:02pm On Dec 17, 2024
JagabanBorgu:
Nigerians repatriating funds back home from other countries are paid in naira?
Should they be? Is Naira the same as dollar?

You can't even buy or sell Naira in a UK bank, so why would one be paid Naira in UK?
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by Pat081: 10:01pm On Dec 17, 2024
CodeTemplar:
The number one breakers of the law are the makers.
and the law is for the poor not the rich
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by JagabanBorgu: 10:24pm On Dec 17, 2024
budaatum:
Should they be? Is Naira the same as dollar?

You can't even buy or sell Naira in a UK bank, so why would one be paid Naira in UK?
You can't buy or sell in naira because it's not allowed, but u are making it sound like it's bàd for Nigeria to implement such terms here.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by JagabanBorgu: 10:24pm On Dec 17, 2024
Sp1ritHusband:
You got to believe me. I am the real deal.
As you wish.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by BondRiv: 10:53pm On Dec 17, 2024
SiIk:
Are Nigerians working abroad paid in Naira ?
Why should they? Unless there is such an agreement. Naira is the currency of Nigeria.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by BondRiv: 11:02pm On Dec 17, 2024
No one stashes dollars in this country like the political class, and now others have followed suit.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by sunnx(f): 11:12pm On Dec 17, 2024
There should also be a bill to confisticate 1000 and 500 naira while returning 1 naira and 50k note back.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by budaatum: 11:51pm On Dec 17, 2024
JagabanBorgu:
You can't buy or sell in naira because it's not allowed, but u are making it sound like it's bàd for Nigeria to implement such terms here.
No one disallows the buying and selling of Naira in UK. The reason you can't find it to buy is because no one is interested. Even Nigerians travelling home would rather bring their pounds home and convert it, because its less bulky and you get more favourable rates.

Nigeria should not implement silly unimplimentable policies.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by Xxxxtentacion2: 12:38am On Dec 18, 2024
JagabanBorgu:
You can be paid in dollars if you work for a country using dollars.
Organizations like IITA pay some staffs in dollars, there are places in Nigeria that u must pay for stuffs in dollars, so you want it to continue just to satisfy ur seIfish interest even when it may likely not affect you but u will bIame politicians for looking out for their own interest when u are all practically having same mindset.
if I work for an American do you expect I should be paid in Naira. You guys support a lot of senseless stuffs.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by Xxxxtentacion2: 12:40am On Dec 18, 2024
HITdemUP:
Is it lack of education that's your problem or lack of sense ? I feel you are being affected by both if you don't know the benefits of this Bills .
it doesn't benefit me in any way. I earn in dollars and they want to ban dollars I should be ok with it. Apc supporters are very senseless and foolish. If you are being paid in dollar will you advocate for dollar to be banned
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by Xxxxtentacion2: 12:41am On Dec 18, 2024
richmond500:
it's a good bill.

The bill does not stop foreign companies to pay their workers that are working in Nigeria in dollars.
If u work in Nigeria for a Nigerian company and earn in dollars, then the bill will affect u.
I work for a foreign company and I get paid in dollars. Exchanging it to naira is very difficult. You guys just make so many senseless policies.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by TopBanter: 2:51am On Dec 18, 2024
budaatum:
Do Nigerians working abroad want to be paid in Naira?
Even if they want to be paid in Naira, can they be? No, because such issues does not even arise in sane nations that understand having their own currency means all in those nations are obligated to use that currency alone.

Very good development. These are the sort of transformational bills our reps should be sponsoring and not Islamisation bills and the sort.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by TopBanter:
Xxxxtentacion2:
I work for a foreign company and I get paid in dollars. Exchanging it to naira is very difficult. You guys just make so many senseless policies.
Bad and economically damaging policies, detrimental to the socio-economic well-being and future of millions, is a "senseless policy" because it affects you? A single individual? Way to go buddy.👍
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by Suicideboy: 2:58am On Dec 18, 2024
Story


Time to hack all these useless ijiots in house of assembly let's them rope themselves

Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by JagabanBorgu: 11:53am On Dec 18, 2024
Xxxxtentacion2:
if I work for an American do you expect I should be paid in Naira. You guys support a lot of senseless stuffs.
If you work for an American in Nigeria, we expect u to be paid in Naira, u are the one supporting senseIess stuffs here.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by JagabanBorgu: 12:00pm On Dec 18, 2024
budaatum:
No one disallows the buying and selling of Naira in UK. The reason you can't find it to buy is because no one is interested. Even Nigerians travelling home would rather bring their pounds home and convert it, because its less bulky and you get more favourable rates.

Nigeria should not implement silly unimplimentable policies.
So it's ok for certain businesses to demand payment in dollars in Nigeria right?
And it's ok for staffs working in Nigerian establishments in Nigeria to be paid in dollars.
I know the average Nigerian supports any policy that diminish his country and elevates other countries and somehow want a better society.
Coming from the UK, u generally come with GBP not really dollars except you are specific on dollars.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by budaatum: 1:23pm On Dec 18, 2024
JagabanBorgu:
So it's ok for certain businesses to demand payment in dollars in Nigeria right?
And it's ok for staffs working in Nigerian establishments in Nigeria to be paid in dollars.
Tell me which business demands payment in dollars in Nigeria please.

And tell me which staffs working in Nigeria are so lucky that they are paid in dollars.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by Truvelisback(m): 1:47pm On Dec 18, 2024
Trump go para ooo. grin Anyway, i just hope it would resurrect our dead and decomposing economy.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by Xxxxtentacion2: 3:17pm On Dec 18, 2024
JagabanBorgu:
If you work for an American in Nigeria, we expect u to be paid in Naira, u are the one supporting senseIess stuffs here.
how am I to be paid in Naira when the American doesn't have access to naira. Tinubu banned peere to peer platform making it impossible to exchange dollar to naira directly. Supporting apc and their policies requires you have a touch of madness. You can't get naira directly in America so I have to take payment in dollars and convert it.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by Xxxxtentacion2: 3:18pm On Dec 18, 2024
TopBanter:
Bad and economical damaging policies, detrimental to the socio-economic well-being and future of millions, is a "senseless policy" because it affects you? A single individual? Way to go buddy.👍
not only it affects millions of Nigerians that work online. For they to be economic growth they should be an enabling environment for business. Not banning of currency.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by JagabanBorgu: 4:09pm On Dec 19, 2024
Xxxxtentacion2:
how am I to be paid in Naira when the American doesn't have access to naira. Tinubu banned peere to peer platform making it impossible to exchange dollar to naira directly. Supporting apc and their policies requires you have a touch of madness. You can't get naira directly in America so I have to take payment in dollars and convert it.
Somehow, you believe that an American will come to Nigeria and won't be able to access the naira?
Certain things are not about supporting or being against a political party, it's about your country unless a politician is what u call ur country then it's ok.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by JagabanBorgu: 4:21pm On Dec 19, 2024
budaatum:
Tell me which business demands payment in dollars in Nigeria please.

And tell me which staffs working in Nigeria are so lucky that they are paid in dollars.
I mentioned these stuffs in my replies earlier and you are here asking me for it again.
So u have no idea about these stuffs?
So many sh!.t go on in this country that many people are not aware of.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by budaatum: 7:06pm On Dec 19, 2024
JagabanBorgu:
I mentioned these stuffs in my replies earlier and you are here asking me for it again.
So u have no idea about these stuffs?
So many sh!.t go on in this country that many people are not aware of.
You mentioned IITA, The International Institute of Tropical Agriculture. If it hires expats it will indeed pay in dollars, but it will not likely pay Nigerians in dollars! You might as well have mentioned Shell too, and Chevron, and the International School in Ibadan, or the foreign coach of the Nigerian Eagles, all of who would be paid in foreign currency.

As for demanding payment in foreign currency in Nigeria, you never said who does that. And if you were to think just a little, you'd know that a company that demands payment in a foreign currency in Nigeria is trying to limit its own sales, because it sure would be limiting
those who can buy what it sells.

As for your "So many sh!.t go on in this country that many people are not aware of", that's what people say when they are talking through their ass. If it were happening as you claim, you'd provide more than IITA that can be logically explained.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by ojaysam25(m): 7:56pm On Dec 19, 2024
The naira has lost its value all thanks to this wicked administration. The only way out for the common man in this country is to be pay in foreign currency.
Re: Bill To Ban Use Of Dollars, Foreign Currencies In Nigeria Scales First Reading by JagabanBorgu: 3:13pm On Dec 20, 2024
budaatum:
You mentioned IITA, The International Institute of Tropical Agriculture. If it hires expats it will indeed pay in dollars, but it will not likely pay Nigerians in dollars! You might as well have mentioned Shell too, and Chevron, and the International School in Ibadan, or the foreign coach of the Nigerian Eagles, all of who would be paid in foreign currency.

As for demanding payment in foreign currency in Nigeria, you never said who does that. And if you were to think just a little, you'd know that a company that demands payment in a foreign currency in Nigeria is trying to limit its own sales, because it sure would be limiting
those who can buy what it sells.

As for your "So many sh!.t go on in this country that many people are not aware of", that's what people say when they are talking through their ass. If it were happening as you claim, you'd provide more than IITA that can be logically explained.
I actually typed a long reply citing examples with explanations but that will be huge deflection from the point I'm trying to make.

This simple question will make my point.

Now, are Nigerian expats in other countries paid in Naira?
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