₦airaland Forum

Cantonese:
Please refer to the third paragraph of your initial comment. How do you interprete that? Or are you not the one who wrote it?

enuelsmith:
Only few people understand this. Many condemned this move, Because they know nothing about it

Esseite:
Crypto currency is a death nail on import dominated countries. there is no balance of trade or how that can be regulated. Do you think the loans gotten from china is not a means of balancing trade due to our large imports?..

how do you balance the escape of forex through cryptos for an import dominated country especially for non physical services/goods?

- It undermines monetary policies of various Government..
- There are no checks and balances.
- Any dick and harry can prop up a coin.
- it discourages foreign investors from investing physically in developing nations.

Best initiative from CBN on saving the naira.

Esseite:
Crypto currency is a death nail on import dominated countries. there is no balance of trade or how that can be regulated. Do you think the loans gotten from china is not a means of balancing trade due to our large imports?..

how do you balance the escape of forex through cryptos for an import dominated country especially for non physical services/goods?

- It undermines monetary policies of various Government..
- There are no checks and balances.
- Any dick and harry can prop up a coin.
- it discourages foreign investors from investing physically in developing nations.

Best initiative from CBN on saving the naira.

Mrbillionaire:
Abeg, how you do am? I want put small

superior1:
Meaning the Fulanis know Yoruba is on set trajectory and fear is rocking their root.

Crypto or not, we will match and pass them in funds, while their kids are living in the bush and elites stealing public funds, we have been sending our best brains in millions to get trained overseas

Esseite:
If they are not, you and myself would be in refugee camps in Somalia by now..

Vardanes2:
If CBN was not interested in the health of the Niara, by now we would have been like Zimbabwe...and one dollar would have been equal to 1 million naira.

CBN is not responsible for issues with dollar flow...that's government economic policy, which from APC has been the failed resource dependent economy. All CBN does is defend the naira to the best of its ability

Tolexander:
you obviously didn’t comprehend it then.

A message you would have got clearly from the first paragraph

blinking001:
Who is Sunday Igboho?

Esseite:
Crypto currency is a death nail on import dominated countries. there is no balance of trade or how that can be regulated. Do you think the loans gotten from china is not a means of balancing trade due to our large imports?..

how do you balance the escape of forex through cryptos for an import dominated country especially for non physical services/goods?

- It undermines monetary policies of various Government..
- There are no checks and balances.
- Any dick and harry can prop up a coin.
- it discourages foreign investors from investing physically in developing nations.

Best initiative from CBN on saving the naira.

wirinet:
Because our current mind set is consume, consume and consume. From individual levels to governmental levels. Even in terms of digital products we consume foreign products instead of producing. How many people in Nigeria are involved in making digital products?

Gokoyer0:
https://www.gofundme.com/f/purchase-of-buses-for-sunday-igboho

Hope I will not be bloc.k.ed though

Esseite:
Crypto currency is a death nail on import dominated countries. there is no balance of trade or how that can be regulated. Do you think the loans gotten from china is not a means of balancing trade due to our large imports?..

how do you balance the escape of forex through cryptos for an import dominated country especially for non physical services/goods?

- It undermines monetary policies of various Government..
- There are no checks and balances.
- Any dick and harry can prop up a coin.
- it discourages foreign investors from investing physically in developing nations.

Best initiative from CBN on saving the naira.

MASTAkiLLAh:
https://www.google.com/amp/s/punchng.com/shutting-crypto-accounts-cant-stop-igbohos-funding-says-lawyer/%3famp=1

Pickieox:
You know nothing. Continue jumping into conclusion...

Difrent:
My brother something's you read on nairaland makes you wonder what kind of education are these kids getting these days......a purely monetary policy decision has now been turned to FG vs igboho, southerners vs northerners...
.who did this to nigerians youths
Those opposition who feels they are gaining from the ignorant rants of our youths will end up being victims of this same ignorant youths one day

Tolexander:
Let this be on record that Emefiele is the slave and tool being used by the Fulani to mute the southern voice.

Little wonder Buhari has to extend his stay as the CBN Governor to do the dirty job against his brothers.

Emefiele would think Buhari loves him so much, unlike other Igbo tribe, the very reason Buhari had to extend his stay as the CBN Governor. Not knowing that Buhari has decided to retain him to set him against his brother.

Ride on.

visijo:
As a Nigerian, if you can’t switch the power(light) from Gen to Nepa without the tv and decoder going off, you failed as a Nigerian

Vardanes2:
1. Thank you for calling me gullible, good sir.

2.Basically, to summarize, cryptocurrency is one of the many ways Nigeria loses millions of dollars. Losing dollars has bad impact on the Naira

3.Also, we are not earning enough dollars from oil, what with the fact that oil prices have been too low for some time now.

4.So, CBN restricts dollars.,

5.If CBN does not take measures to restrict dolalrs, but allows everyone, the value of the naira by now would have fallen to something like N5000 to one dollar. And our economy would have been in an even worse state.

6.Closing crypto is one of the ways.

7.Before you start, there have been measures over the years to stop looting. But many of you Nigerians don't want your favourite poltician to be arrested, that's why most anit corruption measures fail. Also, Buhari is not Buhari of 1984.

darediamond:
Do not be a slave scientiifically and technically develop your Economy and see if Crypto won't further boost your ECONOMY.

Soon everyone who be forced to accept crypto directly for exchange of goods locally, then the Government you are SURPPORTIN will know how far as Naira would be locally rendered useless.

One reason the Elites hates commons to get rightfully educated is: it allows for speedy Logical and Tactical Reasoning which all you boys and girls supporting one of the most foolish move by BUHARI via CBN lacks!!!

Vardanes2:
1.I don't support government, so don't go there with me. I have never voted for either APC or PDP since I first voted in 2003.

2.Ultimately, if you are still with me, we are not a manufactruing country, and we also practice price controls on areas that we should not be. Hat's why we lack dollars, and why CBN has to resprt to drastic measures to control dollar outflows....