₦airaland Forum

Ate247:
You are insane to say this. So I should go to any school with my own money.

OAU, UNN, Unilag, Unijos etc.

Make your choice and be ready to pay that Nigerian money you want to carry abroad.

sheeda995:
If this means I won't be able to send money to my loved ones,why will I support useless law. If security is not fixed nothing will get better in Nigeria

Send your money to them.

The CBN will keep the dollars and give them the Naira they need to spend in Nigeria.

Miyachi:
I love it when people who have never left the shores of Nigeria suddenly become experts in international monetary policies. Even in Communist China you can buy and sell goods in USD and save your money in the bank in USD.

What they should be thinking of is how to clear the outrageous foreign debts taken by the previous administration and generating new sources of income. Instead they go about stealing people's money.

Are you talking about the same China that the US has been pressurising for decades to devalue their currency relative to the US dollar?

Those ones use dollars like it is tissue paper and give it any value as they chose to.

Akinpresident:
Govt and policy change.

This was how it was before Buhari changed it.
I wasn't using dorm account to receive foreign payments before. They send dollars to my naira account and it's converted automatically to naira and I get alert.
But Buhari changed it and we started operating dorm account, now this one.

Domiciliary account started before Buhari.

Buhari only became President in 2015.

Good!

Let the reforms be total, affecting both customers and the banks too.

We have been practicing a lot of rubbish for too long.

Even those who claim they want a better Nigeria, do not want the rubbish to stop.

Hohaiiiode:
I just pray the rumors are true. We can’t keep doing things the same way. This will go along way to kill the black fx market. No same country allows that. Unauthorized currency merchants breeding sharp practices therefore enabling corrupt politicians . What the hell is dormicillary account. For few years outside Nigeria and traveling I have never heard of such. I can’t even exchange money without an 🆔 card and a limit set on exchanges.

My brother I tire ooo.

I have travelled to many countries and I am always surprised when the citizens tell me there is nothing like a special bank account for locals to keep foreign currencies.

You can't even convert your forex cash until you find your way to the few registered currency exchanges and with international passport as ID.

007kjb:
Shut up people like you never want good men to rule this country

You mean the same Val Ozigbo whose campaign was sharing N400 and Malt in the last election when he ran under PDP with Peter Obi as the PDP leader in Anambra?

Make I show you the video?

BitterTruth01:
Lol look at them

This is why you 9-5 job workers should stick to civil service and farming and let capitalists run the economy .

You people from that side are naturally not entrepreneurs . You have no idea how to run a business , how will you run a country ?

Stick to your salary Jobs, you say no
Stick to farming , you say no
Stick to your carpenters and artisanal businesses. , you no gree .

You want to run a country. But you think a country can grow under a socialist system of welfare benefits , and government patronage and control . A palliative economy while free enterprise suffers .

Instead of turning the country into a production. base , na to dey shook eye for other people money. Is that the best you can do ? I dont blame you tho. You cannot give what you don’t have .

But go and do your research, those countries that went the way of Karl Max and Lenin , where dem dey now ?

What does economic security have to do with being a welfare state?

How can someone pushing for higher fees and promoting the local over the foreign, be termed as anything negative.

You lots are not ready to revive Nigeria from the pathway of doom.

You criticize the leaders for using foreign cars, but you also insist on the use of those foreign cars.

You have universities here in Nigeria, but even the poorest Nigerian is still aspiring for foreign education.

Nigeria is not rich, and Nigeria should stop undercharging for services and underpaying for labour.

Both the leadership and follwership need to get that into their heads.

The next step is to outlaw forex processing for foreign education for a minimum of 10yrs.

Any Nigerian that wants to be educated abroad should look for the money abroad.

We have schools here that can take those huge amounts of Naira we employ to buy forex for UK or American or Canadian education.

We need to jump-start our tertiary education system with better infrastructure, improved quality of education, improved salaries, and improved school fees.

Tough times require tough measures.

CoronaVirusPro:
That’s a good measure.

Foreign transfers should be received in Naira.

That is how it is in many countries.

They don't even have what we term a domiciliary account.

The bank accounts are designed to receive foreign currencies that are either automatically converted to local currency, or that are kept as incoming foreign funds that cannot serve any purpose until it is converted for inflow into the local economy or returned as international transaction outflow.

Very good!

We don't spend dollars in Nigeria. Collect the naira equivalent and spend.

Why government will tolerate that rubbish is quite puzzling.

Nigeria is about the only foolish country that tolerate that nonsense. No sense of economic security.

Next is to ensure domiciliary accounts only get credited with foreign currencies from international transfer to cater for those who work rotations abroad or those who work remotely, and once the account is credited, any amount beyond a certain threshold should be converted to Naira, while whatever is left should be taxed at a monthly rate that ensures that the money is reduced to half of what was left as a foreign currency in the domiciliary account. That will help discourage any plan to retain forex as a means to store wealth in the domiciliary account

This double blow will ensure that those stockpiling forex cash do not have anywhere to offload it within the Nigerian economy.

All forex trading outside of the banking system should carry life imprisonment for economic treason.

I can vouch that 50% of all the forex trading going on in the past 6months, is not serving any economic purpose besides storing wealth.

Musty112:
I don't like double standards. If to say na man now, bullet for don riddle hin body, y e con be say this devil is still hale and hearty at least mend her face small now.

Dem no suppose touch am.

Instead use her as a bait to lead up to the rest of the gang in their hideout, then empty all the police arsenal on their bodies.

Alexis11:
You are not wrong. But guess what? those that started following Nigerian politics after Endsars will attack you.

I can bet this kind of thread will never see front page because Seun and his new set of mods are all Obidients.

This is the same Peter Obi who wants to rule Nigeria with "I will do", when we know what he had already done that was mediocre.

PDPGuy:
Actually, this format guarantees that at least one African team would qualify for the Olympics, because the U.S. have already qualified for the Olympics by virtue of being world champions.
So, the next two teams in the group would also qualify, meaning that two of Nigeria, Belgium, or Senegal would pick the two remaining Olympic tickets

OK that is still fair then.

SoNature:
If these agbadorians no mention Peter Obi, dem no go rest! If Peter Obi solved all the problems in Anambra State, there wouldn't be any need for successors.

Believe it or not, when it comes to values, capacity, acceptability, competence and delivery, Tinubu cannot unlace Peter Obi's shoes!

You no get shame.

yewit37486:
Congrats girls. This week has been a great Sporting week for Nigeria.

It is our turn.

Emilokan everywhere.

This must be a new pattern of having global qualifiers instead of continental qualifiers.

The demerit is that all the African teams can be eliminated even before making it to the Olympics proper.

LaIabobo:
Not true. This video is actually about South Africa. They’re experiencing load shedding and this is about them

erumena:
https://twitter.com/democracy_watch/status/1755239008882368803?s=12&t=HLzphQ1V_g5J9qhP2LX_bA


The advertisement wasn't intended for Nigeria; instead, a Ghanaian shared the post to make it seem as though it was. South Africans have also been facing power outages lately.

You are one of few that have brain.

Kudos!

True!

This particular picture is in bad taste.

For the students massacre in SouthAfrica by the apartheid government, the OAU declared June 16 as the day of the African child.

obinna58:
Can’t you see huh, at the most difficult time they’re suddenly trying to be good to the public

This is economic breakdown, Can people even afford drugs after the clearance abi doctors to treat for free

Is it that you do not want any good to come to the public?

You rather be given more reasons to hate the government than be given something that is of benefit?

BadMaster:
Maybe there was a time you could deceive some people with this nonsense postulations. Well, not anymore. This government has proven to be useless, and nothing good can come from this government.

Before you call me ipob and sort of names, check my posts before and after the 2023 elections, I supported Tinubu because I thought he knew how to turn this country around. It's now obvious that he is very clueless.

Then it means you believe in miracles.

Bola Tinubu is a patient man. Even his presidential ambition is a testament to his patience.

If Tinubu believed in miracles, he would have been President immediately after Obasanjo.

Give the Tinubu government 2 years to steer the country in the right direction.

To run a country and turn around an economy is no miracle.

I still sold Dollars at above N1400 today.

While the mumu are buying dollars, some are selling it off.

Those mumu will soon by handed N500 for the Dollars they are stockpiling at a conversion rate of over N1000, inside their Nigerian bank accounts.

That is why the Labour Party is a Special Purpose Vehicle for those money bags that have lost out in their own party, a la Peter Obi that lost out in PDP.

tishbite43:
The people in the video I watched are fresher than you will ever be

Hunger in the Old East can't be compared to the famine in ryt the North and West
And that's a fact nigga

Na so.

Fresh Prince of Bel Air.

saintbillion:
Here

That Nigeria has no government mean that the government has not embraced its responsibility.

Infact, that kidnappers and bandits are terrorising the country is indicative that there is no government.

That assertion from the standpoint of a critic, is different from claiming the government is illegitimate, most especially from a partisan critic who is a member of the losing opposition campaign.

Take her to court, she will start to stammer.

Sapeleboy911:
The state government won't take proactive measures to curtail this now. When the unfortunate happens, they will begin to setup investigating committees here and there.


On a side note, how which those nairaland YouTubers with horrible voices can learn from Op. His videos are straight to the point, and void of any disturbing gorilla voice. Keep it up @weytindeyhappentv

When they take proactive measures to curtail the potential for accident, some would still lament that they do not want the poor to breathe.

The government agencies like KAI should go there and flog all the animals there.

They should speak to them in the language they understand.

haffaze777:
They fit pay but don't want to pay to torture tinubu

Hahahahaha!

Maybe they are protesting for the sake of the North and West

You mean billionaires no fit pay school fees?

Some of them that are owing are on Nairaland boasting that North and West are hungry, while they are lounging and chilling.

But we know better. The secret could not be contained for so long.

Some of them do not even know that they were sold to the parents they have come to know.

Alexis11:
Attacking the VC is not necessary.


I thought they are all Billionaires from that part of the country?

Hahahaha!

You no get joy ooo.

Let them enjoy the delusion for sometime naa.

[quote author=Exceed15 post=128317520][/quote]I sure know it was not about the illegitimacy of Jonathan's government as she is parroting now about Tinubu's government.

haffaze777:
He think he's normal and that's how most people like him think they're normal

Honestly, some people have allowed partisan politics and hatred for Tinubu, to erode their sanity.

Case in point below.