This articles is directed to give recommendations to the government of Federal Republic of Nigeria, under the leadership of President Muhammadu Buhari to ease the present unbearable standard of living in the country.

This is a well analysed consideration and a well assured strategy to bring things back to stable if Implemented

Note: the approach used is in layman style for better and easy understanding by every single Nigerian

1) Forex Policy: Restriction of forex trading by the present government has bring hardship and has been the root of the hardship in the country presently, it has not but hampen on the standard of living of the majority Nigerians.

How/ Why?
What the Market Law says ''In a country or any country who relies majorly on international commodites (Raw material, Finished material) for the regular upkeeping of its market, the major transacting currency rate is key for the stable running of the market''

The Nigeria market relies heavily on the international market in every single sector. Majorly the importation sector and manufacturing sector

Therefore constant availability and easy accessiblitiy of the major transacting legal tender (dollar) should be put in place.

What Happen?
The Buhari Government restricted forex transaction in all publicly available shelves such as local banks, BDCs, it restricted usage of Naira ATM outside the country, It restricted online/ intenet transaction.

Impact!
This leads to scarcity of the legal tender and creates a forex monopoly market.

Present Happenings!
Dealers now pay over the odd to get the legal tender to transact internationally to get products to the market from government single market (CBN and few favorables bank/BDCs) ;
Different process to acquire the legal tender creates a rigid process for dealers in the name of transparency.

What Next?
Creation of forex Black Market, 600% increase in rates cos of scarcity.

How it affects the masses:
Dealers review their commodity pricing for the market, to cope with the current Forex policy change.

Market Reflection
Name everything, it affects everything, the minor but major reflection below
buying Import Materials inflation by 700%, Household stuffs/items by 650% : 5 naira biscuit for 15 naira, 2.5 kobo photocopy - 20 naira photocopy, 5 naira pure water - 20 naira, all minor commodities skyrocket to remain in market.

Solution: Suspend the Forex Ban/ Reset to default settings..

Recommendation: It's a good move by the government to encourage local production of it's regular market but just like a addict who is trying to disengage, it dosent stop the substance on point, it will kill him because the addiction is part and parcel of him which keeps his body system working, just as Nigerians are dying presently because they are deprieved of their addiction, it's a gradual process, taking one step at a time.

2) Rice Importation Ban: it's a good move by the government to sight the need to be independent of the foreign market for the country daily upkeep.

Giving a straight restriction on rice importation without alternatives leads to scarcity of a regular household item.

Impact: Price 1000% inflation, N6,500 - N21k / 18k. Massive effect on the majority. Creation of monopoly of supply to majority, which leads to scarcity.

Solution: Suspend ban on importation of rice.

Recommendation: After suspension, local production of the product should be reimburse with external professional / expert supervision, and be introduce to the market gradually (Nigerians cant change appetite easily) and after reaching stage of independent, ban should be placed on rice importation (nobody will know rice has been ban or it's local rice)

Enact death penalty: Death penalty should be enacted as Law of transparency in public office. Which must be sign together by the wife and a friend to the individual.

Impact: Political and project development will increase.

The wife and friend are the closest adviser to an individual, with their lives in line, transperency will always be consider, just like in China.

Ethnicity/Tribe Crises: Continue detention of the Ipod leader has heighten the agitation from minority to more minority.

Solution:
Release Nnamdi Kanu and Hold public referendum for BIAFRA:
Sticking together as a country remain the option for all Nigerians, a minority of a group can not dictate what the majority of a group wants.
Public referendum should be open by the government for public decision.
The decision will calm all tribes ceding crisis.

That's all

The strategies are easy to design for implementation and If there would be another protest, the protest should centered on suspension of current Forex Policy: it's the biggest root of current unberable standard of living.

My name is Abiola Ewuola
I will be the Nigeria President when i'm 30 Years Old and i will Need your support.

Dont forget to join MuvinBox Nigeria if you have a vehicle, they give you free fuel, cash.

Cheers

President Buhari doesnt listen to advice

abiolaewuola:
This articles is directed to give recommendations to the government of Federal Republic of Nigeria, under the leadership of President Muhammadu Buhari to ease the present unbearable standard of living in the country.

This is a well analysed consideration and a well assured strategy to bring things back to stable if Implemented

Note: the approach used is in layman style for better and easy understanding by every single Nigerian

1) Forex Policy: Restriction of forex trading by the present government has bring hardship and has been the root of the hardship in the country presently, it has not but hampen on the standard of living of the majority Nigerians.

How/ Why?
What the Market Law says ''In a country or any country who relies majorly on international commodites (Raw material, Finished material) for the regular upkeeping of its market, the major transacting currency rate is key for the stable running of the market''

The Nigeria market relies heavily on the international market in every single sector. Majorly the importation sector and manufacturing sector

Therefore constant availability and easy accessiblitiy of the major transacting legal tender (dollar) should be put in place.

What Happen?
The Buhari Government restricted forex transaction in all publicly available shelves such as local banks, BDCs, it restricted usage of Naira ATM outside the country, It restricted online/ intenet transaction.

Impact!
This leads to scarcity of the legal tender and creates a forex monopoly market.

Present Happenings!
Dealers now pay over the odd to get the legal tender to transact internationally to get products to the market from government single market (CBN and few favorables bank/BDCs) ;
Different process to acquire the legal tender creates a rigid process for dealers in the name of transparency.

What Next?
Creation of forex Black Market, 600% increase in rates cos of scarcity.

How it affects the masses:
Dealers review their commodity pricing for the market, to cope with the current Forex policy change.

Market Reflection
Name everything, it affects everything, the minor but major reflection below
buying Import Materials inflation by 700%, Household stuffs/items by 650% : 5 naira biscuit for 15 naira, 2.5 kobo photocopy - 20 naira photocopy, 5 naira pure water - 20 naira, all minor commodities skyrocket to remain in market.

Solution: Suspend the Forex Ban/ Reset to default settings..

Recommendation: It's a good move by the government to encourage local production of it's regular market but just like a addict who is trying to disengage, it dosent stop the substance on point, it will kill him because the addiction is part and parcel of him which keeps his body system working, just as Nigerians are dying presently because they are deprieved of their addiction, it's a gradual process, taking one step at a time.

2) Rice Importation Ban: it's a good move by the government to sight the need to be independent of the foreign market for the country daily upkeep.

Giving a straight restriction on rice importation without alternatives leads to scarcity of a regular household item.

Impact: Price 1000% inflation, N6,500 - N21k / 18k. Massive effect on the majority. Creation of monopoly of supply to majority, which leads to scarcity.

Solution: Suspend ban on importation of rice.

Recommendation: After suspension, local production of the product should be reimburse with external professional / expert supervision, and be introduce to the market gradually (Nigerians cant change appetite easily) and after reaching stage of independent, ban should be placed on rice importation (nobody will know rice has been ban or it's local rice)

Enact death penalty: Death penalty should be enacted as Law of transparency in public office. Which must be sign together by the wife and a friend to the individual.

Impact: Political and project development will increase.

The wife and friend are the closest adviser to an individual, with their lives in line, transperency will always be consider, just like in China.

Nnamdi Kanu and Hold public referendum for BIAFRA: Continue detention of the Ipod leader has heighten the agitation from minority to more minority.

Sticking together as a country remain the option for all Nigerians, a minority of a group can not dictate what the majority of a group wants, opening public a referendum for public decision will decide the BIAFRA tension


If there would be another protest, the protest should centered on suspension of Forex Ban, it's biggest root of present Nigeria standard of living crises

The article is a layman style for easy understanding and implementation

My name is Abiola Ewuola
I will be the Nigeria President when i'm 30 Years Old and i will Need your support.

Dont forget to join MuvinBox Nigeria if you have a vehicle, they give you free fuel, cash.

that one na no go area. He still has 170 years to spend behind bars.

nice piece

kinibigdeal:
President Buhari doesnt listen to advice

we can make him listen

Jibril659:
that one na no go area. He still has 170 years to spend behind bars.

but it's constituting nuisance and ganering ego with him behind bars which is creating tribe cises

...no ecomist in the world can manage monitary system in economy above recession!
only in "time tender" such a thing can happen because time is renewable daily!

In essence you are saying Buhari should resign

SalamRushdie:
In essence you are saying Buhari should resign

No sir.
The govt should retract the current non-perfoming policy (such as Forex Policy) and re-strategies.

If a policy is not performing, it should be retracted.

abiolaewuola:


No sir.
The govt should retract the current non-perfoming policy (such as Forex Policy) and re-strategies.

If a policy is not performing, it should be retracted.

You are still saying that Buhari should resign

abiolaewuola:
This articles is directed to give recommendations to the government of Federal Republic of Nigeria, under the leadership of President Muhammadu Buhari to ease the present unbearable standard of living in the country.

This is a well analysed consideration and a well assured strategy to bring things back to stable if Implemented

Note: the approach used is in layman style for better and easy understanding by every single Nigerian

1) Forex Policy: Restriction of forex trading by the present government has bring hardship and has been the root of the hardship in the country presently, it has not but hampen on the standard of living of the majority Nigerians.

How/ Why?
What the Market Law says ''In a country or any country who relies majorly on international commodites (Raw material, Finished material) for the regular upkeeping of its market, the major transacting currency rate is key for the stable running of the market''

The Nigeria market relies heavily on the international market in every single sector. Majorly the importation sector and manufacturing sector

Therefore constant availability and easy accessiblitiy of the major transacting legal tender (dollar) should be put in place.

What Happen?
The Buhari Government restricted forex transaction in all publicly available shelves such as local banks, BDCs, it restricted usage of Naira ATM outside the country, It restricted online/ intenet transaction.

Impact!
This leads to scarcity of the legal tender and creates a forex monopoly market.

Present Happenings!
Dealers now pay over the odd to get the legal tender to transact internationally to get products to the market from government single market (CBN and few favorables bank/BDCs) ;
Different process to acquire the legal tender creates a rigid process for dealers in the name of transparency.

What Next?
Creation of forex Black Market, 600% increase in rates cos of scarcity.

How it affects the masses:
Dealers review their commodity pricing for the market, to cope with the current Forex policy change.

Market Reflection
Name everything, it affects everything, the minor but major reflection below
buying Import Materials inflation by 700%, Household stuffs/items by 650% : 5 naira biscuit for 15 naira, 2.5 kobo photocopy - 20 naira photocopy, 5 naira pure water - 20 naira, all minor commodities skyrocket to remain in market.

Solution: Suspend the Forex Ban/ Reset to default settings..

Recommendation: It's a good move by the government to encourage local production of it's regular market but just like a addict who is trying to disengage, it dosent stop the substance on point, it will kill him because the addiction is part and parcel of him which keeps his body system working, just as Nigerians are dying presently because they are deprieved of their addiction, it's a gradual process, taking one step at a time.

2) Rice Importation Ban: it's a good move by the government to sight the need to be independent of the foreign market for the country daily upkeep.

Giving a straight restriction on rice importation without alternatives leads to scarcity of a regular household item.

Impact: Price 1000% inflation, N6,500 - N21k / 18k. Massive effect on the majority. Creation of monopoly of supply to majority, which leads to scarcity.

Solution: Suspend ban on importation of rice.

Recommendation: After suspension, local production of the product should be reimburse with external professional / expert supervision, and be introduce to the market gradually (Nigerians cant change appetite easily) and after reaching stage of independent, ban should be placed on rice importation (nobody will know rice has been ban or it's local rice)

Enact death penalty: Death penalty should be enacted as Law of transparency in public office. Which must be sign together by the wife and a friend to the individual.

Impact: Political and project development will increase.

The wife and friend are the closest adviser to an individual, with their lives in line, transperency will always be consider, just like in China.

Ethnicity/Tribe Crises: Continue detention of the Ipod leader has heighten the agitation from minority to more minority.

Solution:
Release Nnamdi Kanu and Hold public referendum for BIAFRA:
Sticking together as a country remain the option for all Nigerians, a minority of a group can not dictate what the majority of a group wants.
Public referendum should be open by the government for public decision.
The decision will calm all tribes ceding crisis.

That's all

The strategies are easy to design for implementation and If there would be another protest, the protest should centered on suspension of current Forex Policy: it's the biggest root of current unberable standard of living.

My name is Abiola Ewuola
I will be the Nigeria President when i'm 30 Years Old and i will Need your support.

Dont forget to join MuvinBox Nigeria if you have a vehicle, they give you free fuel, cash.

Cheers

You have raised a nice points but what about the future consequence ? we need to be a producing and consuming country but not a consuming country only and in other to achieve this, that's the best policy for now ( forex has been using for irrelevant importation in the past, so we need to block the holes, then, empower our people and encourage them to consume our local products, then, demand for dollars will reduce and naira will grow) simple

if we make use of your points, though we might be out of recession but where is the money ? In the nearest future, we will be in completely recession and oil has lose value in the world market, which is our main source of income.

hoodmenconcept:



You have raised a nice points but what about the future consequence ? we need to be a producing and consuming country but not a consuming country only and in other to achieve this, that's the best policy for now ( forex has been using for irrelevant importation in the past, so we need to block the holes, then, empower our people and encourage them to consume our local products, then, demand for dollars will reduce and naira will grow) simple

if we make use of your points, though we might be out of recession but where is the money then in the nearest future, we will be completely in full recession ? oil has lose value in the world market which is our main source of income.

So what have the government done to start the local production? Nothing!

The raw materials? Do we have them or can produce them?

The forex policy affects all


Ok, Thank God we know we should be producing our own rice and not importing but here are the questions before banning importation:

Are we capable?
Are we ready?
Can we meet the need?

how many rice farm or initiatives do the country has or have been established since the ban on importation? None!

The same rice we ban is still the same rice in the market. If the rice didnt come in again! Then we will die of hunger? So is that a good thing for the people you claim you love?

When last or where have you gotten The Kebbi-Lagos partnership Salt Lake Rice?
No place!

Nigeria cant do without the international market. The solution is to keep importing and simultaneously, start producing our own and when we reach full max and can sustain ourselves and we even start exporting, nobody will import what is on ground! We dont need to suffer ourselves or use the Hard way.

If you want to be financially free, that dosent me you resign from your work and sit at home. You will remain doing nothing and die, you work in your present firm and strategically creates your own firm and when your firm is OK, you can resign.

I myself have been looking for grants, aides to support my recession easing business, no one is responding! Things are getting hard.

abiolaewuola:


but it's constituting nuisance and ganering ego with him behind bars which is creating tribe cises

He'll remain there until he learns his lessons

Senseless suggestions.

Govt should make Dollar available for the importation of toothpicks, Jollof rice etc?

fyneguy:
Senseless suggestions.

Govt should make Dollar available for the importation of toothpicks, Jollof rice etc?

that's the blind strategy the govt uses to gain the public support, but its more than toothpick sir.

Drugs that are bring imported for your treatment are not toothpic

Raw materials for manufacturers! I think you can count how many companies has relocated or stop working because of raw material scarcity! This led to mass layoff which lincreases crime rates !

I hope you read on Innosons outcry over the forex policy? Are innoson importing tootpick and jollof rice too?

Toothpick is not what's being imported, this is why cement production cost at N600 skyrocket to N2000, you knw the selling cost now in the market.

i cant even start pointing, you know it and feel it and it's why you protest on febuary 6.

The local manufacturing companies has been badly affected.

Self-employ online entrepreneurs are now jobless

there is a easy way to implement and motivate local production.

toothpicks! As little and ridiculous it is, do we have a manufacturing company presently? None.

abiolaewuola:


So what have the government done to start the local production? Nothing!

The raw materials? Do we have them or can produce them?

The forex policy affects all


Ok, Thank God we know we should be producing our own rice and not importing but here are the questions before banning importation:

Are we capable?
Are we ready?
Can we meet the need?

how many rice farm or initiatives do the country has or have been established since the ban on importation? None!

The same rice we ban is still the same rice in the market. If the rice didnt come in again! Then we will die of hunger? So is that a good thing for the people you claim you love?

When last or where have you gotten The Kebbi-Lagos partnership Salt Lake Rice?
No place!

Nigeria cant do without the international market. The solution is to keep importing and simultaneously, start producing our own and when we reach full max and can sustain ourselves and we even start exporting, nobody will import what is on ground! We dont need to suffer ourselves or use the Hard way.

If you want to be financially free, that doesnt me you resign from your work and sit at home. You will remain doing nothing and die, you work in your present firm and strategically creates your own firm and when your firm is OK, you can resign.

I myself have been looking for grants, aides to support my recession easing business, no one is responding! Things are getting hard.

I understand your points but I will like to give you an instance. I have a family friend who is a larger distributor of raw foods especially Rice. He sells both imported and local rice. when we are discussing about the markets price of food items, he told me that, people refused to patronize the local rice but preferred the imported ones, then I asked him; why ? but could not give me a concrete answer; he said maybe because they are used to imported rice.

Now, to my point; we need to encourage our people and enlighten them, the important of consuming our local products. And if you are saying, the rice is not enough, rome wasn't built in a day, its a gradual process. if we consume our local products, this will encourage the farmers to produce more and more then there will be competition and the price will slowly go down.

Now; comes to the raw materials; Government has never increase duty on raw materials importation, especially agricultural raw materials. Do your findings very well. Even Government is trying to subsidize the agricultural equipment cost. Let encourage the government, this is a nice policy for now, the only thing, we need to fight is "CORRUPTION".

Thank you.

I have to give it to you mr Abiola, you brought out valid suggestions, though simple in nature and explanations but then the most difficult things in life could have simple solutions.
Do I believe recession can be ended in seven days ? Absolutely not. We got into this mess gradually and we can only leave it in a gradual process. What I congratulate you for is for bringing out suggestions (viable or not) even when this present govt is confused about every single thing it comes across. I have arguments against some of your suggestions but then again, they're just suggestions and if anybody in power decides to implement them, they can always be finetuned. Nigeria needs more young men and women like you even though we don't deserve your brains. God bless you

abiolaewuola:
This articles is directed to give recommendations to the government of Federal Republic of Nigeria, under the leadership of President Muhammadu Buhari to ease the present unbearable standard of living in the country.

This is a well analysed consideration and a well assured strategy to bring things back to stable if Implemented

Note: the approach used is in layman style for better and easy understanding by every single Nigerian

1) Forex Policy: Restriction of forex trading by the present government has bring hardship and has been the root of the hardship in the country presently, it has not but hampen on the standard of living of the majority Nigerians.

How/ Why?
What the Market Law says ''In a country or any country who relies majorly on international commodites (Raw material, Finished material) for the regular upkeeping of its market, the major transacting currency rate is key for the stable running of the market''

The Nigeria market relies heavily on the international market in every single sector. Majorly the importation sector and manufacturing sector

Therefore constant availability and easy accessiblitiy of the major transacting legal tender (dollar) should be put in place.

What Happen?
The Buhari Government restricted forex transaction in all publicly available shelves such as local banks, BDCs, it restricted usage of Naira ATM outside the country, It restricted online/ intenet transaction.

Impact!
This leads to scarcity of the legal tender and creates a forex monopoly market.

Present Happenings!
Dealers now pay over the odd to get the legal tender to transact internationally to get products to the market from government single market (CBN and few favorables bank/BDCs) ;
Different process to acquire the legal tender creates a rigid process for dealers in the name of transparency.

What Next?
Creation of forex Black Market, 600% increase in rates cos of scarcity.

How it affects the masses:
Dealers review their commodity pricing for the market, to cope with the current Forex policy change.

Market Reflection
Name everything, it affects everything, the minor but major reflection below
buying Import Materials inflation by 700%, Household stuffs/items by 650% : 5 naira biscuit for 15 naira, 2.5 kobo photocopy - 20 naira photocopy, 5 naira pure water - 20 naira, all minor commodities skyrocket to remain in market.

Solution: Suspend the Forex Ban/ Reset to default settings..

Recommendation: It's a good move by the government to encourage local production of it's regular market but just like a addict who is trying to disengage, it dosent stop the substance on point, it will kill him because the addiction is part and parcel of him which keeps his body system working, just as Nigerians are dying presently because they are deprieved of their addiction, it's a gradual process, taking one step at a time.

2) Rice Importation Ban: it's a good move by the government to sight the need to be independent of the foreign market for the country daily upkeep.

Giving a straight restriction on rice importation without alternatives leads to scarcity of a regular household item.

Impact: Price 1000% inflation, N6,500 - N21k / 18k. Massive effect on the majority. Creation of monopoly of supply to majority, which leads to scarcity.

Solution: Suspend ban on importation of rice.

Recommendation: After suspension, local production of the product should be reimburse with external professional / expert supervision, and be introduce to the market gradually (Nigerians cant change appetite easily) and after reaching stage of independent, ban should be placed on rice importation (nobody will know rice has been ban or it's local rice)

Enact death penalty: Death penalty should be enacted as Law of transparency in public office. Which must be sign together by the wife and a friend to the individual.

Impact: Political and project development will increase.

The wife and friend are the closest adviser to an individual, with their lives in line, transperency will always be consider, just like in China.

Ethnicity/Tribe Crises: Continue detention of the Ipod leader has heighten the agitation from minority to more minority.

Solution:
Release Nnamdi Kanu and Hold public referendum for BIAFRA:
Sticking together as a country remain the option for all Nigerians, a minority of a group can not dictate what the majority of a group wants.
Public referendum should be open by the government for public decision.
The decision will calm all tribes ceding crisis.

That's all

The strategies are easy to design for implementation and If there would be another protest, the protest should centered on suspension of current Forex Policy: it's the biggest root of current unberable standard of living.

My name is Abiola Ewuola
I will be the Nigeria President when i'm 30 Years Old and i will Need your support.

Dont forget to join MuvinBox Nigeria if you have a vehicle, they give you free fuel, cash.

Cheers

5his is the most STUPID idea I have read in a long time. The government should allow importation of everything and the economy will be okay. Okay...I also will become Bill Gates but I won't work, I won't think, I won't innovate, I won't create. I will just stay in my room and become Bill Gates