₦airaland Forum

easiest way for them to move funds overseas. other multinationals can do same.

teemy:
easiest way for them to move funds overseas. other multinationals can do same.

you are right but logicaly wrong

2cato:
you are right but logicaly wrong

please explain 2cato.

from my point of view they have a problem accessing forex to move the funds back home. they just need export much needed stock from over here and get paid in home currency. they might need to create a special unit for this.

And this implies to major and mini importer who are looking for hard currency all over Nigeria.

The logic is simple,buy lucrative commodities here and export to the country where you mostly import.Sell your goods that comes with profits,use the currency to pay your suppliers and import(vise Versa).

#Myview#

zdoh you took the words out of my mouth in its entirety. parents could bale out clothes to pay for their children's school fees and importers could also export out stuff to get source of forex making it seem as product swap and the country is better

teemy:
zdoh you took the words out of my mouth in its entirety. parents could bale out clothes to pay for their children's school fees and importers could also export out stuff to get source of forex making it seem as product swap and the country is better

Exactly....wish this could be sponsor for the benefit of other who are stuck in this situation.