₦airaland Forum

This is the first of the protest that will soon follow if the Nigerian government does not look for an alternative to the restriction placed on the Naira ATM abroad......

I know the government means well but it is wrong for Innocent people to have to pay the price of Looters,it is wrong!
Buhari should take a stand and call them all out and let them pay directly for their crimes or let them go,I hate this tepid water approach abeg!


See more pics @ : http://gist4kids..com.ng/2015/12/nigerian-students-abroad-protest-ban-on.html

cc.
lalasticlala ishilove

Personally
I don't know the wisdom behind this ban

Which party did they vote for.?

If APC, they should shut up and embrace the Chain called Change

When reasonable people are calling Buhari out for his outdated, draconian, ruthless, senseless and disingenuous economy policy his supporters will start masturbating, see what genuine student and business men and women are facing just cuz he wouldn't take advise on how to govern and move the country forward.

brunofarad:
Personally
I don't know the wisdom behind this ban

This is what you get when you vote a man who couldn't pass his O level against a PHD holder


Nigerians in London were the greatest pro Buhari.

They have no right to protest.

WHY ARE YOU GUYS PROTESTING?


WHEN YOU GUYS VOTED FOR CHANGE WHAT DID YOU EXPECT?

EternalTruths:
This is what you get when you vote a man who couldn't pass his O level against a PHD holder


Nigerians in London were the greatest pro Buhari.

They have no right to protest.

They are wasting their time protesting.

They better start coming back home to continue the Sai Baba, ranting in a foreign land will never help them.

Goats!

Firefire:
They are wasting their time protesting.

They better start coming back home to continue the Sai Baba, ranting in a foreign land will never help them.

Goats!

They must come back to enjoy the Change with us ooooooo

Let me contact others to know if wailers form is finished









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knightsTempler:


When reasonable people are calling Buhari out for is outdated, draconian, ruthless, senseless and disingenuous policy his supporters will start masturbating, see what genuine student and business men and women are facing just cuz he wouldn't take advise on how to govern.

What do you expect from brainwashed elements?

Nice one.... We can't get dollar to buy yet you ban Naira Cards. OK we buy from mallam as BDCs and Banks won't sell to us, we can't deposit into the bank.

Must everyone be involved in business or get people to wire from abroad funds into domicilliary accounts before we can use the dollar cards?

Are these people not madt?

bigtt76:
Nice one.... We can't get dollar to buy yet you ban Naira Cards. OK we buy from mallam as BDCs and Banks won't sell to us, we can't deposit into the bank.

Must everyone be involved in business or get people to wire from abroad funds into domicilliary accounts before we can use the dollar cards?

Are these people not madt?

My dear

This protest is meaningless

You get what you voted for

Periodddd

Some of you over there, ya papas and mamas voted for change so enjoy your change!

I wonder what this govt was smoking when they implemented such draconian and harsh policy.

the first thing was to provide dollar ATM cards for them first before implementing that wicked policy.

I guess you were not thinking about the consequences of transformation agenda without an agenda or any positive transformation.
Nigerian forex would barely last for 9 months of based on on the reckless habits and policies developed under the government of the Jonathan.
Every single thing you buy in Nigeria that is not made in Nigeria put pressure on that reserve and the value of the Nigeria.
While somethings like medical equipment, medicine are essentials, many of the stuffs we imports like tomato paste, Rice, pots, spoon,knives, pans, pens, champagne are not.
With oil prices responsible for the FG's foreign reserve ( money sent by the diaspora mostly circulates in the black market or are withheld by commercial banks), the only good option is to stretch the dollars-in-hand for as long as possible while promoting local substitutes for thousand imported items and hoping for a recovery in oil prices.
The other option is outright devaluation with the attendant social consequences. For an economy dependent on importation , a sudden government sanctions devaluation will lead to more poverty, increase in prices, inflation, rise in interest rates and workers strikes demanding more salaries to based on the new realities. In the mean time, the other 95% who are not civil servant would have to bear the brunt and the cost.
The last option( which I am beginning to support) is to allow Nigerians have their ways and continue with their delusion of transformation and greatness.
Let them chop all the dollars in 6 month and have a taste of what it means.

From wiki
What is the balance of payments deficit?
The current account shows the net amount a country is earning if it is in surplus, or spending if it is in deficit. It is the sum of the balance of trade (net earnings on exports minus payments for imports), factor income (earnings on foreign investments minus payments made to foreign investors) and cash transfers.
A currency crisis is when, serious doubt exists as to whether a country's central bank has sufficient foreign exchange reserves to maintain the country's fixed exchange rate. The crisis is often accompanied by a speculative attack in the foreign exchange market. A currency crisis results from chronic balance of payments deficits, and thus is also called a balance of payments crisis. Often such a crisis culminates in a devaluation of the currency.


Buhari has already blocked speculators. The next thing is to ride this one out while boosting domestic production via import substitution, building up infrastructure, curbing corruption in revenue agencies and setting the country's priorities straight.
For all the private jets owners in Nigeria, I can hardly name more than 7 people whose source of income can be regarded as productive.
Most of the rest in the service sector in service of a corruption non-economy.
Solution
No dollar abi
Since your palm wine paper get money, transfer to redeemer university, babock etc.

The most important

At the end of the Second World War, Great Britain had a problem. They and their allies had won the war, but the country was financially destitute. The government had spent all their money (and then some) defeating the Nazis[b] ( substitutes the government had spent money on defeating the enemy with Jonathan's government had squandered all the money Iweala had mismanaged the economy) [/b] . To bring cash back into the island nation, the English government ordered all manufacturers to sell their product to other countries. [b]" Export or Die" [/b]became the slogan of those hard times.

bonechamberlain:
I wonder what this govt was smoking when they implemented such draconian and harsh policy.

the first hing was to provide dollar ATM cards for them first before implementing that wicked policy.

So that they can run down the forex ( dollars, pounds and euros) in circulation and inside the vaults of the CBN.
Abi no be so.
For once, I am getting to a point where I think buhari should allow the typical Nigerian( ignorant, shortsighted, self centred and selfish) to have his way.
If they had put half as much effort into fighting the ills in the country, things would definitely not have been like this.
Simply put, Buhari should allow the materialistic and ignorant Nigerian ( almost all) to have his way and consume like he wants.
In 5- 9 months, he will be lucky find an ATM coughing naira. Not to talk to of dollars.
$29 billion foreign reserve with many thieves waiting to change the naira to dollars would not last 6 months.

We are just learning something. Happy New Year Nigerians @ home & abroad..

Where is lalasticlala sef

+ I noticed that the handwriting of our foreign students are pathetic. Can't they write in Arial or Verdana or Times News Roman straight font.

+ $1,000 a month spend is a lot of money ie N200,000

+ CBN approves academic tuition overseas from Nigeria with priority.

+ Housing can be paid from Nigeria.

+ Handouts are not sold overseas.

+ Basically, you need cash for transportation (which is at times free), feeding allowance and entertainment. So that $1,000 is still too much.

+ You can buy food ingredients from Nigeria to conserve forex.

+ Clubbing is cheap.

+ I don't understand why they are complaining.

PS: where can I get a boxing glove? Its boxing day

Even students of Abia State University dont require such budget per semester.Where is lalasticlala sef

The wind of change even crossed the Atlantic to effect its aim

i use foreign paypal to pay sellers and receive cash for 2yrs now,i verified it with vba with 10k u can get urs, so fvck cbn

You people should shut up there and come back to naija so we can all enjoy the "Changi" you clamoured and voted for.
Non-sense

Abeg na which country dis ppl dey protest so cos their dressing too wor-wor & dem face just be like dry season.

Op abeg na country be dis, abi na Hungary dem dey ni ?

LMAO... These kids are not serious.

The Palm Wine tapper's daughter tho

adesegun121:
This is the first of the protest that will soon follow if the Nigerian government does not look for an alternative to the restriction placed on the Naira ATM abroad......

I know the government means well but it is wrong for Innocent people to have to pay the price of Looters,it is wrong!
Buhari should take a stand and call them all out and let them pay directly for their crimes or let them go,I hate this tepid water approach abeg!


See more pics @ : http://gist4kids..com.ng/2015/12/nigerian-students-abroad-protest-ban-on.html

cc.
lalasticlala ishilove

See educated and wealthy problem ooo... I wish I had such. Chinekenam

Your father is a palm Wine tapper; how did he sponsor your study in uk?

Nigerians after very fast at calling government thieves, when an average Nigerian it's a thief... Hypocrites

Still surprised why that cbn governor haven't been served the right letter. Someone who doesn't know the implication of giving Dasuki millions of dollars. Someone who the dollars took a nose dive under his watchful eyes and had his arms folded like a jjc

This govt is wicked and inconsiderate.
It's like they think through their asses

See student that cannot spell ordinary Buhari #smh

In other news... .
I command the next comment to appear on the next page
#hogwash