DuBLINGreenb:
This writeup is not well researched and as such it is unclear and difficult to understand.

There may be some truth to the piece but it needs to be clearer

The Central Bank keep dollars and issue promisory notes or tell banks to give such and such person the naira equivalent of whatever dollar money was sent to him or if he wants dollar they'll tell the bank to give him or her the dollars the banks have while the CBN holds the dollar the sender sent in the USA this is to regulate the amount of dollars in Nigeria and prevent over dependence on dollar as well as too much dollars from entering Nigeria or too many Nigerians seeking dollars this helps give the naira the little value it has

OgbanjeProphet:
Ewoooooh!!!!!!!

Well, CBN died the day Soludo left office as CBN governor

Just the same way NAFDAC died the day Dora Akunyili left office as NAFDAC director general.

AreaFada2:

I think Hushpuppi will make a great finance minister, CBN boss, EFCC boss or even president.

Nigeria is not ready to fight corruption. Because those with the constitutional powers and means to fight it are the key beneficiaries of corruption.

Simple.
The masses are powerless. Or rather are not aware of the power they can wield. They have been pauperised, defeated, emasculated and cowered.
But it will eventually end in tears for the elite and ultimately the masses.

Impunity of the elite has already removed the possibility of a middle ground solution. Anarchy and chaos will be inevitable.

Truetalk3139:
Nigeria's corruption is intensional, to eradicate it firstly we need to vote youths into power.

Say no to the government of the old!

DuBLINGreenb:
This writeup is not well researched and as such it is unclear and difficult to understand.

There may be some truth to the piece but it needs to be clearer

The Central Bank keep dollars and issue promisory notes or tell banks to give such and such person the naira equivalent of whatever dollar money was sent to him or if he wants dollar they'll tell the bank to give him or her the dollars the banks have while the CBN holds the dollar the sender sent in the USA this is to regulate the amount of dollars in Nigeria and prevent over dependence on dollar as well as too much dollars from entering Nigeria or too many Nigerians seeking dollars this helps give the naira the little value it has

AreaFada2:

I think Hushpuppi will make a great finance minister, CBN boss, EFCC boss or even president.

Nigeria is not ready to fight corruption. Because those with the constitutional powers and means to fight it are the key beneficiaries of corruption.

Simple.
The masses are powerless. Or rather are not aware of the power they can wield. They have been pauperised, defeated, emasculated and cowered.
But it will eventually end in tears for the elite and ultimately the masses.

Impunity of the elite has already removed the possibility of a middle ground solution. Anarchy and chaos will be inevitable.

IMO01:
Sharp

I didn't really understand the write up but if it's in the interest of Nigerians then they should go ahead.

I watched a video of audu ogbeh explaining how Nigeria began to fall from the 80's. He said some American professor from havard came to Nigeria to convince Nigerian government to devalue our currency that it was in our best interest to do that. Since then every year they force Nigeria to devalue our currency and increase interest rate. These nation's want Nigeria to fail for their own selfish gain yet nobody talk about the scam America scam on African nations

samsard:
And you just jumped to the conclusion that 95% are Southerners. Nigerians are unbelievable when it comes to bigotry

DuBLINGreenb:
This writeup is not well researched and as such it is unclear and difficult to understand.

There may be some truth to the piece but it needs to be clearer

The Central Bank keep dollars and issue promisory notes or tell banks to give such and such person the naira equivalent of whatever dollar money was sent to him or if he wants dollar they'll tell the bank to give him or her the dollars the banks have while the CBN holds the dollar the sender sent in the USA this is to regulate the amount of dollars in Nigeria and prevent over dependence on dollar as well as too much dollars from entering Nigeria or too many Nigerians seeking dollars this helps give the naira the little value it has

GeneralPula:
Yahoo boys plays a vital role in dollar/ naira exchange..

As Efcc no let boys breath for Naija, them don waka comot..

Dollar is now cost in Naija because we have less people bringing in dollar..

TANTUMERGO007:

Olodo, basic economics you no know

djon78:


How many northerners live overseas?
It has nothing to do with bigotry
But pure facts as it is.

Majority of Nigerians residing outside are southerners.
It's a fact
Not bigotry

Okoroawusa:
If I tell you that I understand the economics written up there I will be lying n no one that has commented so far has been able to explain it.


Well it's politics section n I can say whatever I like.

I Love PMB

omenka:
Sometimes, deliberately suppressing the rise of one's currency against the dollar is a strategy deployed by governments to attract FDIs. Nowhere else is this more entrenched than in China, which is one of the reasons behind their endless squabbles with Uncle Sam.

I am not really sure if similar strategy would augur well for Nigeria anyway, since the other factors necessary to attract such FDIs, such as dependable critical infrastructure, are lacking.

Come what may, I wish my dear country well. We'll come out of the current economic quagmire stronger I believe.

Trailblazer1:






You can even defend the devil against God

omenka:
Sometimes, deliberately suppressing the rise of one's currency against the dollar is a strategy deployed by governments to attract FDIs. Nowhere else is this more entrenched than in China, which is one of the reasons behind their endless squabbles with Uncle Sam.

I am not really sure if similar strategy would augur well for Nigeria anyway, since the other factors necessary to attract such FDIs, such as dependable critical infrastructure, are lacking.

Come what may, I wish my dear country well. We'll come out of the current economic quagmire stronger I believe.

LikeAking:


I was surprised by his statement.

A man that will give birth to kids in Nigeria, is finding excuses for corruption and daftness.

MR.God win E(CBN GOV), is not a creative individual. He might have all the degrees and experience, but he lacks the most important thing,which is the ability to solve the Nigerian problems.

All he does is to play by the books of class roon economics, which where enacted to favor only the west.

LikeAking:


I was surprised by his statement.

A man that will give birth to kids in Nigeria, is finding excuses for corruption and daftness.

MR.God win E(CBN GOV), is not a creative individual. He might have all the degrees and experience, but he lacks the most important thing,which is the ability to solve the Nigerian problems.

All he does is to play by the books of class roon economics, which where enacted to favor only the west.

Fucsheetup:
Are you sure you have a working brain?

Trailblazer1:
In Nigeria, any institutional solution to a problem always ends up a bigger problem.


Check out Nigeria Police,

Check out SARS.

Check out EFCC

Check out Democracy

CBN has now joined the gang of saboteurs of our collective progress as a nation