₦airaland Forum

i received a lot of bashing when i made similar suggestion.

you forgot to include that it also tackles corruption.

lets see how they would move round ghana must go bags for corrupt settlements?

Datedoboy:
I had mentioned it in my previous post that it will get to NGN1,000 per Usd if drastic measures are not taken.

Again, I am saying it here that it will get to 2,000 before 2025 if we don't take these drastic measures.

These measures will make the Naira appreciate to at most NGN500 to a dollar in the short term and in the long term, NGN100

What are these measures? I will explain further but note that this is not about Exports.
Even if we export more than China today, the NGN will still decline further. How do i know this?

If you do your research, you will discover that Nigeria as at 2023, exported and earned more FX more than several countries and yet the currencies of these countries are stronger than the Naira.

So don't let anyone sell the idea that our economy is import dependent that is why our currency is falling. Even if we ban all imports and continue with (or increase) our current export, the Naira won't appreciate

A simple question you can answer is, when we banned rice importation, did our currency stop falling? No !!! So sit back as we take a dive to 4 policies which WILL make the Naira appreciate.

1. All domiciliary accounts must be closed.
Can a Canadian or US bank open Naira account for you? No! So why do we open Dom. Accounts for our citizens ? Now you may say what of imports? How do we pay for our goods in foreign currencies?

The answer is simple. Credit your account in Naira while your bank pays the USD or GBP equivalent on your behalf at official rate determined by CBN

2. Ban deposits and withdrawals in foreign currencies and convert all inflows including export proceeds in foreign currencies to Naira (again at official rate determined by CBN).

You don't need to stop people who sell at black market or hoard the USD. Let those who hoard the dollar keep it but once they know that after a said date, you can't deposit or hold your physical dollar, they will be forced to go to the bank to deposit it. Anyone found with physical hard currencies after the deadline, must be arrested

This policy alone will make the NGN appreciate to maximum of NGN600 after first two weeks of implementation and will mop up hidden/excess dollar in the system.

This policy will also discourage buying usd from the black market because there won't be any physical dollar to buy.

3. Increase interest rate for fixed Naira deposits to a minimum of 10%. This will encourage saving in Nigeria. Let a Naira 4 Naira scheme, replace the previous Naira 4 dollar scheme.

4. Increase interest rates on foreign currency deposits to 40% of principal amount if option 1 is not possible and convert all inflows to NGN without the option of collecting foreign currencies at the counter. You can't spend USD or GBP in Nigeria so why do you want to collect your inflows in foreign currencies?
This policy indirectly stops the black market arbitrage.

As the Government has floated the Naira, if these measures are not put in place, NGN2,000 to a dollar won't be surprising to me.

I am just a concerned Nigerian and i am open to constructive criticism.

a very myopic piece from Mr. Farooq.

hope it last.

don't give them a liability.
why not give her the money to start a side hustle.

let them go and hire private security.

this is just public disturbance, and nothing may likely come out of this matter.

1. there is no proof that the money in question is a bribe or kano state government money.
2. no official report before the video at the efcc or police
3. if it was a bribe, who gave it? by law both the giver and receiver are laible.

if those who masterminded the video had wanted to nail the governor without escape, they should have reported the matter at the police station or efcc and the security agent would have guided the act of the video making, and by now nobody needs to remind them to do their job especially now that the governor no longer have immunity of office.

this is one of the ways politicians rubbish our security and judicial system

He went to the wife to make complain, and she insulted him, good for him.

the DG no get Friends or Elders?

lagos that increased salaries few month back.
i see this as a Greek gift to Edo state civil servants.
The governor knows they would not be able to pay the new minimum wage hence the reduction in work days

youngsahito:
What is Lagos State waiting for?

very unpatriotic statement

sorry, we do not have this stock.

Tiamiyukazeem:
how much is toner catridge for konica c35

2m, let's deal over the weekend

AVAIL?

2m lets deal.
what needs to be fixed?

offering N2M

any issue prospective buyer should know? 1.7? what is the engine type?

how much pls

can you post engine pic? 1.5m?

for attempt to cause anarchy .

ScamHunter:
Why?

location?
i tried your line to no avail

Piston65:
come and pay

whatever hurts you is what people would use to joke at you.

instead of hurting, turn it to joke.
don't be too serious

you people should allow the seller have peace now. Haba!

Dear Seller i am offering 1m?

Offer 2M?
Where in lag?

cashing out is not that easy ooo.
it depends on a lot of factor including his social personality.

so better settle out of court and move on.

if you are single, QUIT!!!
however, think of another source of income before quitting.

If you are married, DO NOT QUIT!!!!!

i understand the stress because i am in similar shoes, but a six figure salary, and my business also gives me six figures profit monthly,.

by the way, do you mean a profit of 150-200k?

Effizybozz:
I’m confused right now and need a solution!!

I’m actually working (45k month) and I’m also doing business but my business is booming sometimes I sell close to (150-200k a month) and the work is really giving me small stress sha! It a government work. I’m thinking of quitting and focusing on my business but I’m scared that if I quit I will loose to opportunity of doing government work or what if my business crash tomorrow.. I do sell stuff online and it kinda generating me good money… but I don’t know what to do.

Your opinions are needed here! If you were in my shoe what will u do?? No insult please

this matter is sort of irrelevant to me because this is what most women do . infact 99.90% Even you are likely guilty of it

by the way when it comes to matter as this, in as much as what the husband did was wrong, you should expect this kind of development on matter of ASSET ACQUISITION. Anyone could swindle you.
you would have been swindle by agents.
So, if it is agent, you would go and arrest him on issues of offer and acceptance?
pls go and reconcile with your husband make una fit dey use am joke together for future.

my own case sef, na family member connive to swindle me.
the matter pain me, but nobody hear am sef aside my close pals.

PLS TAKE NOTE FROM PURCHASE OF LAND TO COMPLETION OF BUILDING PROJECT, MY SISTER BE PREPARED TO BE SWINDLED HENCE SHINE YOUR EYES

by the way Parental influence contributes to high rate of divorce. imagine the Father encouraging her to move out of her Husband's house for his own selfish reason.

thank you for this observation.
I have told those who cared to listen that Igbos in the SW and NW should brace up and foster peace.

heniford2:
After 2023 election the hate between igbos and yoruba will grow to 90% between two tribe either yorubas hate igbos more or igbos hates yorubas so i advice we start preaching peace among us 2023 election will tire this two regions

i have a 5feet hot/cold laminator for sale. Installed, but not used (1m)

RichProminent:
How much is a laminator, pls?

sold?

Simple!
they are born to be poor.

I personally believe is mindset.

highly interested 45k?

this is very possible, but limited

by the time i clocked 32, i already had 11years working experience.

started working at the age of 21 with ND and continued my education while working.

i suggest you specify what type of goodies you are offering in order to get better responses