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Senate Recommends N200/$ Exchange Rate For Pilgrims - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsSenate Recommends N200/$ Exchange Rate For Pilgrims (8527 Views)

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Senate Recommends N200/$ Exchange Rate For Pilgrims by edymonte(op): 8:28am On Jul 21, 2017
The senate has asked the federal government to give dollar to the National Hajj Commission of Nigeria (NAHCON) and Nigeria Christian Pilgrims Commission (NCPC) at an exchange rate of N200 to a dollar.

This recommendation was made by the committee on foreign affairs.

The committee said the concession will bring pilgrimage cost to a bearable level for interested parties. In a motion moved on June 7, the senate had urged the federal government to review the 2017 Hajj fee.

Monsurat Sunmonu, a lawmaker, advised the federal government to hold discussions with the Saudi government to review the 50-50 carriage of pilgrims between Nigeria and Saudi Arabian airlines.

“This is with a view to providing opportunities for more indigenous Nigerian airlines to participate in the hajj operations. This will give Nigeria varieties in choosing the air carrier,” she said.

“The National Hajj Commission of Nigeria should expedite action on the establishment of Hajj Savings Schemes in compliance with section 7(1 and 2) of the NAHCON act.

“The Nigerian government and its economic team must do everything possible to improve on the Nigerian monetary policy which would expectedly guarantee a long-time stable relationship of the Naira with other currencies.”

Sunmonu said 98% of the entire hajj operations are dollar-denominated and only two percent is carried out in naira.

In his remarks, Bukola Saraki, senate president, said “we passed the 2017-2019 medium term expenditure framework (MTEF) and based on it, we have passed what should be the exchange rate which is N305 to a dollar.

“We should make laws that are truly going to guide our people because we have MTEF which says the exchange is N305. If with passing MTEF nobody should be given N200, but businessmen are getting N200, then, definitely pilgrims deserve N200 as well.”

Saraki said the senate must put an end to the money-making venture because pilgrimage was a religious activity and should not be for money-making.

In 2016, there was controversy as to whether the Central Bank of Nigeria and the federal government subsidised forex for pilgrims after the CBN released a circular showing that 65,167 pilgrims got forex at N197 to a dollar, which was against the foreign exchange policy at that time.
https://www.thecable.ng/senate-recommends-n200-exchange-rate-pilgrims

Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by orobs93(m): 8:44am On Jul 21, 2017
Rubbish

Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by Narldon: 8:44am On Jul 21, 2017
WHICH NOLLYWOOD ACTOR/ACTRESS WOULD YOU CHOOSE??



smiley smiley

Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by Nobody:
We no gree, Nigeria is a secular state and as such pilgrims should fund their "holiness"...
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by dokiOloye(m): 8:44am On Jul 21, 2017
Saraki and his senate don fall my hand on this one.
After earning my praise for knacking d illiterate,violent jihadist and his clowns like Magu akpako severally.
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by seXytOhbAd(m): 8:44am On Jul 21, 2017
We are finished as a country. See the stupid reason our senators are giving. How will you compare business which earns the country tax revenue with pilgrimage? Nigeria is a Republic! All pilgrims should buy forex at the normal bank rate!
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by Rayjaymay(m): 8:44am On Jul 21, 2017
Nothing to comments about
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by DeRuggedProf:
No wonder BH has started rising again... embarassed
This should even be the most expensive FX window.
Pilgrimages that further widen the huge religious divide already on ground.
What have we achieved with all the previous pilgrimages embarked on?
Wastage of dollars that should be kept for serious minded activities like funding Innosson and Dangote's job creation drive.

Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by kasimshafii: 8:44am On Jul 21, 2017
FTC
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by NwaAmaikpe: 8:44am On Jul 21, 2017
shocked


Why subsidize it for them?


How has the pilgrimage made Nigeria better off?


What is good for the goose is good for the gander.

If you'd subsidize it for a ritualist imam just because he is going to Mecca why can't you subsidize it for an honest me going to Las Vegas to relax?

Hypocrites
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by jashar(f): 8:44am On Jul 21, 2017
undecided undecided undecided

So, pilgrimage is more important than the everyday lives and businesses of the Nigerian people?

Misplaced priorities.
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by Dboyz(m): 8:45am On Jul 21, 2017
Yeye dey smell... what will they recommend for Christians.
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by Bishop2ksp(m): 8:45am On Jul 21, 2017
Are these people cursed? angry
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by davodyguy: 8:45am On Jul 21, 2017
pure nonsense and rubbish
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by three: 8:46am On Jul 21, 2017
NASS should do away with State funded religious pilgrimage in Nigeria.


After 56 years as a Nation State Sponsored Pilgrimage has NOT helped us develop and is only a way of dispensing patronage and deflecting from governmental ineptitude


We CANNOT & SHOULD NOT use a badly worded LAND USE decree to disenfrachise some by taking oil out of the ground under their feet only to feed SOME & make SOME people wealthy. Do you know it is almost the same people being sponsored for Pilgrimage every year? .
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by eightsin(m): 8:46am On Jul 21, 2017
The sanate have gone mad... why dont they recommend 200/$ for businesses? Religion killing this country since 19..
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by Aburi001: 8:46am On Jul 21, 2017
An avenue for the Elites to make quick and cheap fortune for themselves. shocked

God is watching grin
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by jtjohn(m): 8:46am On Jul 21, 2017
What's good for the goose is good for the gander.
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by dakeskese(m): 8:46am On Jul 21, 2017
5
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by Franchise21(m): 8:46am On Jul 21, 2017
undecided
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by Unimaginable123: 8:46am On Jul 21, 2017
Why for hajj alone?
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by anytexy: 8:46am On Jul 21, 2017
This nonsense must stop both for Christian and Muslim. Failed state is nigeria. Mtcheeeew!!
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by davodyguy: 8:47am On Jul 21, 2017
Dboyz:
Yeye dey smell... what will they recommend for Christians.
Pilgrims concerns all religion and not one in particular
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by obama4osama(m): 8:47am On Jul 21, 2017
when manufacturing company can hardly get it at such ridiculous rate. Business are dying and we are here celebrating mediocrity.
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by dakeskese(m): 8:47am On Jul 21, 2017
h
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by kingPhidel(m): 8:47am On Jul 21, 2017
If you look closely, you'll notice that a prominent sombory is going for pilgrim.
Kwantinue!
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by Greene66: 8:47am On Jul 21, 2017
Dboyz:
Yeye dey smell... what will they recommend for Christians.
It's both Christian and muslims
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by Felixandra: 8:48am On Jul 21, 2017
Nigeria is a funny state
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by ivolt: 8:48am On Jul 21, 2017
Foolish senators.
Manufactures and Startups don't deserve 200/$ exchange rate but
pilgrims who add nothing to the economy and bleed our forex reserves
are bing gifted with a lower exchange rate.

Religion is the bane of Africa!
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by IPOBevangelist: 8:48am On Jul 21, 2017
No low exchange rate for manufacturers and importers but low exchange rate for pilgrims.

Is this one a country ?
Re: Senate Recommends N200/$ Exchange Rate For Pilgrims by Coyotejack(m):
davodyguy:
Pilgrims concerns all religion and not one in particular
1 2 3 Reply

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