₦airaland Forum

Innobee99:
When I was planning for wedding, I didn't even have close to 50k but when it came close doors began to open and the day was a huge success

Olachase:
I bought baby ram for 10k and rear it for good 5years 😁😁

mkoabiola:
I Nver do yet

Wen I see wify first

Romanoff:
We cut our coat according to our fabric.

We didn't sell asoebi to raise funds, we didn't task family members or friends, we didn't beg or borrow.

We did a small traditional marriage and went to the court to seal it.

Everything no pass 800k.

The monetary gifts we got, we used to buy luxuries needed in our house.

Best decision of our lives.

Patriotsleague:
Dumb head state your reasons here why you think it's a bad measure to reduce importation?

It's not new or peculiar to Nigeria, a president job is to take measure to benefit the economy not to satisfy your lazy head. If you can't eat Nigeria rice, go to the shop and buy foreign rice at a high cost, why are you complaining?

Someone told your dumb head earlier, CBN is trying to mop up excess cash in circulation, they want to encourage more electronic and online transactions, they want to keep the cash within the financial system, and they are trying to reduce number of currency they print.

How much does poor people have, that they can't disburse or take to a POS or bank within 40 days, think before you talk.

The floods affected some of the rice yields, but I support the border closure 100% we must reduce capital flight. Stupid dumb Obi said Nigeria should remove embargo, just so he can flood the market with foreign rice, to reduce the price, but this is a quick fix, and our economy will never develop using this measures, naira value will only continue to drop, and we won't be able to produce, and production is the wheel that drives an economy, increases GDP, create employment, boost currency when you start exporting, and halt too much importing. Olodo this is real life economics, your problem is understanding, you lack it, idiots like you read to cram, but don't know the workings. I can school your father, this is not about quoting textbooks, am teaching you how an economy works and develop. Your knowledge of economics is at the basic theoriotical level. You know nothing.

Patriotsleague:
Border closure was to stop rice coming in, our import volume is too much that what is crashing the value of naira.

The problem is most of you are dull, I blame nairaland for allowing any dumb head post topics.

It's clear you didn't do basic economics. Importation is and still is our biggest problems, it leads to capital flight, reduces value of our currency, because we demand more dollars and we are not earning as much foreign exchange as we should, that is we must export more than we import, for our currency value to boost.

Our economy will not grow if we don't protect home industries by baning importation of goods and products we can grow and produce here, every serious nation place embargo on products they produce. The border closure was good, our local rice production boosted, now we have a rice mill in Lagos. The inflation is as a result of imported inflation from oil prices, because of Russian and Ukraine war.

Agbegbaorogboye:
This list is too long 😡

Who will do all these

You wan kill am?

Agbegbaorogboye:
You're making future projections based on your fears which may be based on facts or not.
.

What I'm pointing out is the idea of cashless policy is to reduce cash transaction to the barest minimum. I usually wonder why Nigerians still withdraw 100K, 200K from ATMs at once for a transaction and we say we want a cashless society.

Agbegbaorogboye:
What do Nigerians want exactly?

Agbegbaorogboye:
POS are not supposed to be for cash withdrawal.
It's part of the abnormalities in Nigeria that made POS so proliferated for cash transactions.
Under normal circumstances, if you want to do transfer of such amount,what you need the POS to do is to help do the transfer between the two parties not giving cash to one to give to the other

Agbegbaorogboye:
Which means he's part of those hoarding it?

Sammy07:
It's not about depositing cash but about withdrawing new notes for transactions.

Look at how it's affecting the POS people
You can't withdraw more than 20k per day.

Where will they see the cash to give someone that make 50k transfer?

Agbegbaorogboye:
Look. I'm not saying the implementation is right or not.
My point is that Buhari has shown same insensitivity and lack of empathy throughout his administration.
Why are some elites for selfish reasons looking to turn Nigerians against him now?
Does the country exist solely for their comfort and benefit?
I can bet you if the elections were not near and the policy conflicting with their plans, none, and I insist none of those championing this face off with the president and CBN gov will utter a word!!
Anyone with nothing to lose should go to his nearest bank and deposit his cash there. With that, you're safe from the impending economic loss. If however you choose to join the political elites in their selfish crusade against Buhari, you'll end up on the losing side.

Britishpea:
Lol are you minding the born fools? Remove presidential power from Buhari and he’s next to nothing before Tinubu in terms of influence across Nigeria.

Only fools will think that Tinubu wouldn’t have changed whatever money he has to home as old notes to the new notes in the last 2 months.

Only same will think Tinubu won’t have whatever amount he wants in new notes at a snap of his finger.

Banks are headquartered in Lagos. They of course need good atmosphere to keep making their profits. The managers will even call him to ask if he needs the new notes each time they arrive. Man was fighting for people who will vent anger on APC govt and the result will be on the presidential candidate but as usual, the zombies in nigeria don’t understand that. The time is very short and unreasonable

Foolishbuhari:
"...If the affected polling units will significantly affect the result...a rerun will be conducted". 700+ PUs is 20% of total voting PUs. Let's see what the appeal court says though but I'm certain they'll set that judgement aside. Declaring the results of over voted PUs is as a result of INEC's incompetence. No one should suffer for INEC's incompetence.

Agbegbaorogboye:
You seem to not realise that the money printed is less than that in circulation.

The idea behind this move is to mop up excess cash in circulation not to replace cash for cash.

Islandboi:
So there’s this friend of mine who works as bank manager in one of the top bank just got rich overnight. I noticed he just changed his car, also sacrifices to take some responsibility on his should at the estate.

His wife also bought new car and require the abandoned supermarket along the road. He just changed his children school as well. I think he has been changing money for these politicians and receiving his shares.

I will ask him what’s going on today after church services.

Agbegbaorogboye:
This is letter to zombies because they are the ones who supported border closure.
When people complained against border closure then, some people called them wailers etc.
I actually believe Buhari is just being Buhari.
He isn't targeting anyone specifically.
He's always been insensitive
Yet some people kept supporting him and mocking those who complained then
So all this wailing ko necessary

Foolishbuhari:
Contrary to your claims about the BVAS, it's actually nice. The PDP either clearly rigged the elections in their stronghold or they were dumb enough to allow inec officials upload padded results into the IRev server.

The only reservations I have with the judgement is that it's beyond the call of the court to begin to do arithmetic, deducting and adding votes to anyone.

The right thing would be to cancel the results from the 700 Polling Units and order a rerun according to Inec bylaws. You don't cancel 700+ polling units, thus disenfranchising thousands of people. It's illegal!

Agbegbaorogboye:
I stopped reading at the bolded. Bros you're ignorant. Politicians keep more raw cash than anyone else.

Sammy07:
This was December, Tinubu was caught giving new notes to someone


https://www.youtube.com/watch?v=HLJBcSJOrls

Stephen2324:
What happened to the relationship you were building?

Osariemen12:
I know that one fool from the forests of Eni Osun must quote me. You've achieved your life-long ambitions to quote me. Rejoice!

AdaojoTheUrchin:
GtCo and their frustrating *737# transfer code. To even transfer to Access from GTCo is impossible now.

tnerro1:
I still dey where I wan buy pizza ooo, I do transfer e don pass 1 hour e never still drop, which kin country be dis self

Johnken1234:
Where is Buhari please?? Do we still have President in this Country? He should address the citizens on this issue please.

PrinceOfLagos:
Bank transfer is the way to go for now for me

Osariemen12:
All I see is dirty environment.

Nothing more.

Wait a minute. Is this the Osun State one idiot once compared with Edo State?


Boo! Wonders shall never cease.