PHAYOL81:


FOR one that's still an MOU with the project yet to start. To get the place running there has to be facilities procurement which hasn't yet get underway and being a training facility, it may suffer the same faith others before it did due to poor management and improper maintenance devotion either from the government or the facility administration. The design is often viewed by the managers as just training facility aimed to bring forth modern farmers and not always treated as investment that's geared towards food sustainance and profit generation. Even if it's not generating profit, it should be able to run itself by the revenue the sales of the farm products but that's not often the case （as government was always still required to pump in more money after few years as exemplified by the ones previously started in NIGERIA）hence they went moribund.
I expect serious farming system designed for sustainable food security and revenue generation from the governments/governors.

PHAYOL81:
Another short term measure. What happens to securing thousands of hectares of land for farming of essential crops with highly mechanized system coupled with high yielding seeds？

YoshihideSuga:


Interesting. So, what kind of crops would be cultivated there? Any private sector involvement or it's strictly government owned?

Thanks.

Ance4Liverpool:
Very stupid idea, why not emulate obasanjo and build his type of farm in your state that will employ over 20k youths and equaly produce enough food for ur citizens instead of embarking on a foolish policy that will favor few of ur party members.

goodyvin02:
At least his family will never be poor

Wotowotoman:


Oga you said you don’t care for USD. Why are you so concerned?

Itsrm:


I'm sure you can clearly see circular for IMTOs in the document you shared.

This your desperation to be right is getting embarrassing

Hogwarthtrades:

pretty much stating what imto and other allied firms have been doing since jonathan era. Freelancers/ gig workers/remote workers can testify to this. The conversion rate is still the main thing, if it works for you, you use the IMTO service or you look for another one. This does not equate to holding $30 billion in domicilliary account hostage. Thanks for the info though. I sit to be corrected if my comprehension skill is subpar.

seyisanya:
My oga, you're trying so hard to tell us ''I TOLD YOU SO'', but this is not happening anytime soon.

Hogwarthtrades:


except the CBN is lying, this has been debunked ( source nairametrics , Arise Tv interview). kindly do the needful and stop pasing wrong information.

RayRay06677:
Operation Rescue Naira: FG considers converting $30bn domiciliary deposits to naira
3rd February 2024

Liveair:

Very predictably, you have responded like a typical religious bigot. Always blaming the child instead of proper critical thinking.

Liveair:

Very lame and irresponsible argument.
If your child offends you, you let a car crush him to death, right?

Liveair:
Quite unfortunate.
But where was his saviour when they attacked him?
So all the promises of protection in the Bible failed him?
Ah! This God of the white man.

OKUCHI11:
Where was his all powerful god... I thought the fairy sky Daddy promised them protection...

Akerewe:


Any luck for stanbic this time around nd what's their rate

Tranquility2345:


Age- please what has age got to do with it? No rational person no matter how old or young can sleep well at night knowing that his life savings is deteriorating very quickly. One thing you must understand and I do not think you take this into account. When Naira deteriorates, most domestic costs also increase. School fees will increase, rent, food, beer, plane tickets, bus fares, salary paid to domestic staff. Even your wives, girlfriends and money for olosho go increase

Inheritance policy- the more the Naira continues to devalue, the more useless the money you leave behind will be to your heirs. Person wey get 10m to leave to him heirs ten to fifteen years ago was leaving good money. Today, if man leave 10m, that’s money that that won’t last long for heirs.

In conclusion, under no circumstance are you better off holding all your investment and savings in Naira. Now, if one keeps a small portion of his portfolio in NGN for short term Naira expenses, that makes sense.

This has got nothing to do with patriotism or greed. This is how everyone including the wealthy and high earners in naija (and other African countries like SA, Kenya, Ghana, etc with the same currency issues as Naija) dey preserve their wealth. It is sad but that’s just the reality of the times we live in..

TotoNaRubber:
Nice coupon but do you know that the capital of this investment has been devalued by over 383% from 2020 when dollar was at N365.

If you had bought dollar with the capital and held till now, you would have been a lot better.

Your N50m @ N365/$ in 2020 = $136,900, It is now worth N50m /N1400 in 2024 = $35,714.


You lost over $100,000 in 4 years and counting

TotoNaRubber:
Nice coupon but do you know that the capital of this investment has been devalued by over 383% from 2020 when dollar was at N365.

If you had bought dollar with the capital and held till now, you would have been a lot better.

Your N50m @ N365/$ in 2020 = $136,900, It is now worth N50m /N1400 in 2024 = $35,714.

So we should convert all our monies to dollars?

Same reason the dollar is feeling fly.

You lost over $100,000 in 4 years and counting