₦airaland Forum

jara:
Those old enough know how we got here.

Ban importation for a year and institute restrictive importation thereafter followed by selective importation.

No more foreign school fees through our Central Bank reserve if courses are available locally and ban foreign trips for Ministers and civil servants.

Watch how euro and dollars will depreciate against Naira.

If we do not, naira will turn to Zimbabwe dollars.

You are a wicked man who has come to understand that wicked measures are required to cure the wickedness inherent in Nigerians.

Why domiciliary accounts are still allowed to make transactions besides receiving foreign remittances is beyond me.

That Nigerians are still being allowed to use our Naira to be chasing dollars and pounds to spend on foreign education, is beyond belief.

Only importation of products and technology that is required for industrial consumption to produce end products in Nigeria that has no alternative local source, is the only thing our dollars should be expended on at this stage of our forex crises.

Left to me, I would have banned forex sales for foreign education with a 10yr embargo starting this 2024, with the exception of those already enrolled in foreign schools and would be making subsequent payments as they proceed in their academic program.

WhisperedNoise:
Says an APC supporter. Pot meet kettle. Rotten 🧠. Gerraeahia ndi ara. ONKR.

You are the one who made a claim here.

A claim you could no longer defend when I put the genius of collapsing the Naira before you.

I repeat, may the genius of Emefiele befall your wealth.

WhisperedNoise:
You can't keep blaming everybody for your FAILURE!

Let me give you a simple piece of advice:
Think back, think deep and think broad about your life. Is APC worth your dignity? Aren't you tired of supporting evil? Do you have any shred of humanity left? The #30k monthly stipend they're gifting you is too little for you to disgrace yourself like this.

Repent. Repent. Repent.

Adios.

Coming from someone who just termed Emefiele a genius?

May the genius of Emefiele fall on your wealth.

Your soul is rotten.

As for the OP, what is the purpose of posting a Tueday news on a Friday?

WhisperedNoise:
🤡
Dear Mr Clown,
You should start applying for gigs in kindergartens and primary schools because you are talented clown and joker.

So now, you admit that APC WRECKED the country and her economy bah? Shooting yourself in the gaddem head just to make a dumb point. Oga, get out of my mentions!!!!;

So now you admit that Emefiele that was appointed by Jonathan in 2014 is not a genius, except a criminal genius?

Stop making wild claims when drunk.

WhisperedNoise:
Emefiele is looking like a genius beside Cardoso. A company of big fools. A pathetic government. Clowns.

You mean the genius that took dollar exchange rate from N160 to N750?

Almost 500% devaluation?

Genius?

Except you mean a criminal genius who was getting rich while the Naira was slumping.

It is Nigeria's turn.

Emilokan still inspiring.

Nothing concern Nigerian economy with money that rich people are spending on foreign eduction.

Their groans should not concern the government.

Dialpad:
This guy loves attention

As in!

Very desperate yes Daddy.

This is still barking, not biting.

I have heard from Atiku, now I also want to hear from Siddiq if his opinion is more intelligent.

Atiku no pass WAEC, Na Siddiq pass.

It is people like his daughter that Sanusi referred to as not willing to leave Abuja.

Sanusi added, “Moving staff to the Lagos office to streamline operations and make them more effective and reduce cost is a normal prerogative of management.

“The problem we have now is that many employees are children of politically exposed persons and their Abuja life and businesses are more important than the CBN work.

“The CBN is just an address for them and if they have to choose between their spoilt Abuja life and the job, they would gladly leave the CBN.

DMerciful:
Obi won that election. Everybody knows this

Mostly Igbos and Obidients are delusional about winning an election they very well knew they could never win.

Same Obi that deluded himself that he won an election, will readily serve as running mate behind Atiku his co-loser.

Ance4Liverpool:
that means you want tinibu to win 2nd tenure?

He will be judged by his 1st term performance.

I certainly will not reject Tinubu only to vote for another candidate that also promised to remove fuel subsidy immediately and allow the free market floating of the Naira.

gaby:
Kindly explain in less than one paragraph how today's Nigeria mirrors or possesses any semblance of a "serious economy".

You have the floor to yourself.

It is not a serious economy to have allowed the obvious flaws that sabotage it.

No single economic security is being implemented as far as I am concerned. Our banking systems and forex policies have been deliberately set up to exploit Nigeria rather than protect Nigeria.

gaby:
Thankfully, you aren't anywhere close to being allowed to be a monetary policy formulator.

This your bricklayer idea wey dey your head go turn the dollar to aba made toilet paper at the speed of light.

So, say I am abroad and sending in my foreign remittance, you'd force me to turn it in so you and your cronies can loot it or else you'd make me trash it. Dey play, you here.

I'll keep my FX where I am domiciled. Come take am from my pocket or bank account.

This same archaic mentality is what the ones up there are playing ping pong with that's causing all these madness.

You think economies run on emotions, tribalism, etc?

You think serious economies allow their citizens to keep foreign currencies in local bank accounts and transfer it about within the same local economy?

Which serious national economy allow the market place selling and buying of dollars that is allowed in Nigeria?

I have lived outside Nigeria and earn money from outside of that country, and as I remitted my foreign income into my local bank account, it stayed as foreign currency until I was ready to convert it to the local currency of that country.

I was not allowed to transfer the dollar or withdraw it cash. I could set it up for the dollar to accrue overtime as an incoming foreign fund without converting to my local current account, but the only transaction I could ever perform on that foreign fund was to convert to local currency fund in my current account.

At other times, I was not even allowed the privilege of accruing the funds, as they got converted to local equivalent in my current account without me having the power to stop it.

This is a country where you cannot see or hear of forex cash trading except at the international airport.

But the thieves in power in Nigeria have allowed all manner of rubbish by themselves and the rest of Nigeria.

Like I posited earlier, just a series of government proclamations and actions, and those hoarding cash dollars will value tissue paper above it, while those stocking up in domiciliary bank accounts would have no use for it but to sell off to the bank once above a reasonable limit for those receiving foreign remittances only.

All domiciliary accounts should be shut down.

Allow the local bank accounts to have an incoming fund feature, that ensures that the only way out is to transfer into the local currency account or external fund wire. And this incoming fund feature should have both a remittance cap of $5000 above which heavy taxes will be incurred on such funds, and a holding duration beyond which the funds will be automatically localised as Naira.

The government is tolerating too much nonsense.

Ance4Liverpool:
That's normal
2027 will be easier for Peter obi bcs tinibu has already showed he is incapable of doing the job. But Peter obi winning in 2027 will be determined by the number of sane people living in Nigeria

Why will the sane people in Nigeria want to vote for a former Governor that was not prolific in anything?

I will is different from I did?

He will always be judged by what he did while operating in a live situation and not what he will do in a theoretical situation.

The sane people remember how he was assessed by the people who suffered his misgovernance, not how he was projected as a saint by those who had to vote for their tribal candidate.

Bobloco:
How many votes is Tinubu worth?

Without governors, senators, House of Representatives members, LGA chairmen, etc., Peter Obi is worth over six million votes.

Peter Obi is the biggest political figure in Nigeria currently.

Biggest political figure that could not win a national election and will still serve beneath Atiku?

And is private citizen Tinubu more powerful than President Tinubu?

If he won 8m+ votes without the support of the government that was determined to sabotage him, will he now sabotage his own campaign when he is the incumbent President?

Dey play.

Bobloco:
2027 is already a walk over for Peter Obi

Tinubu would need INEC to once again shut down IREV portal and conjure numbers for him to be able to defeat Peter Obi

Like it was a walkover in 2023, while begging for votes like a yes daddy puppet just a few days to the election?

Delusions that will lead to another well deserved defeat, while boasting to prove that he won the election.

PROPEACE:
You can stop the car and check the car without asking for tinted permit. Any kidnapper can obtain a tinted permit in this Nigeria Oga!

Exactly my point.

So why allow the preponderance of tinted cars in a country dealing with so much insecurity and terrorism?

Cajal:
How will tinted glass expose criminals?
There is no significant connection brother

Do you know how many wanted persons and terrorists have driven past you and me and many security persons hunting for them, while relaxing in the anonymity of a tinted car?

Do,you know how many kidnap victims have been moved about places in the city in broad daylight while hidden away in the obscurity of a tinted vehicle?

Tjra:


Moving to America at what age?

This is looking like early retirement oo

No be America get female football?

US women soccer is like English Premiership or La Liga of male football.

This is not early retirement. This is the peak.

Let them keep speculating and buying.

What would piss me off is if the Tinubu regime does not have an end game that will make those buying dollars and stocking it up, shed bitter tears of regret in the near term.

Even as a layman, I know series of actions I can take that would make cash dollars start appearing in refuse dumps in Nigeria as they would have become so useless to those stocking it up outside of the banking system, while those who have them in their domiciliary accounts will be offloading them within the approved banking currency exchange the sooner they get foreign remittances only into such accounts.

N3TRAL:
I regret falling for the "Tinubu built Lagos" scam.

The old man is clueless. He only majors in Nepotism and tribalism.


"He works with technocrats," my foot.

The thing pain me, chai.

The ones that you did not fall for, can you tell us their successes while in government?

Or you have a knack for falling at will without learning anything from previous falls?

jmoore:
USA didn't ban tinted glass because of kidnapping.
Stop adopting stoneage solutions.

Tracking of phone is what a wise person will suggest.

Tracking of mobile phone will allow you spot kidnap victims whose pictures have been released to the public, but are still being moved around the towns and cities by their abductors in plain sight that is tinted?

Remind me again what purpose the tinted glass is serving?

Let them be stranded at the BDC.

A country battling with insecurity and widespread kidnappings, should not be allowing the use of tinted glasses in any type of vehicle.

Bebigiby1:
Quite unfortunate that you are still caught up on tribal politics and propaganda when your house is on fire…. If you think by accessing my posts I am an Obi supporter then you’re wrong….. What I want is for Nigerians to see that the real issue is foundational…. This is why we can’t prosper as a people…. Nigeria is doomed in its current form…. This centralized democratic system of governance must change…. Either we restructure and decentralize power or we divide the country….

If you are not an obidient, then you are even far worse.

You are an alarmist and anarchist.

I reckon your agenda did not agend the last time, so you just had to come back like a miserable election loser to find another way to truncate a legitimate government, just because your candidate like you, is a sore loser?

Shame on you and those losers who have assigned you your miserable task.

RichDad1:
This man should be given a ministerial appointment. However, I’m afraid those corrupt civil servants will want to implicate him or go after his family.

You know the civil criminals very well.

BoldBrainz:
Would that be the same way the Yorubas have eternally played second fiddle to the Fulanis since the days of Awolowo who's shame made him commit suicide with rat poison?

I mean, isn't that the same servitude for which Ilorin is now an Islamic caliphate while Ekiti and Oyo are gradually being overrun by fulani foot soldiers?

Instead of buckling up to wrestle for the soul of your ronu legacy from the clutches of Uthman Dan Fodio's dirty descendants, you're here cowering under tribal bants and making Peter Obi and the Igbos your headache.

You're indeed a fool who'll never escape the doldrums of his own foolishness! Tinubu is failing and your South West is collapsing into Fulani conquest regions. Be here taking pride in being a useless bastard!

Spoken like a true bigot.

2mch:
This is ridiculous. Why not store the excess dollars if they have them in a central depository, with the CBN as regulator? While the banks can order their dollars if there is a shortfall in requirements. Also ensure banks report to CBN sales of dollars after a certain threshold per customer daily in banks. Anything over 10k dollars should be reported and tracked. This will prevent them from indiscriminate selling dollars to black marketers and also keep track of their es and money launderers.

I don’t agree at all with asking them to sell off all their dollar. The CBN and Nigeria even need that money.

Both the government and the people have a dollar obsession that will continue to ruin the economy.