₦airaland Forum

BitterTruth01:
No but it’s not the fault of the innocent businessmen and consumers that the government has not incorporated our BDCs and forex apps into the platform . This can be done.
Those talking about arresting people or seizing funds in accounts are just ignorant

Redomi:
Hahaha, fish seller are on strike in Ondo town, cos of high cost of purchasing a carton of fish. A Congo of garri is now 700 in Ondo, just this morning an elderly man who is a farmer was telling me that he wish we could go back to military era when food was cheap and no one dare to sell higher than the agreed price or else such person will loose his/her market cos soldiers will come and scattered everything.
I could remember 3 days to the presidential election, dad came to ask me who to vote for, I told him Peter Obi, he laugh and said he cannot vote for a man that doesn't speak his language. Even on the election day, I was called all sorts of names by the thugs because they couldn't attack me we live together, but they were very angry cos I vote for Obi, they started chasing people that are not ready to vote APC off the queue.
I thank God, my dad is now understanding the language of the man he voted for, including those thugs cos some of them still ask me for money to buy things, I laugh and told them to go and farm cos I'm a farmer.
If this country want to be on the right track, we need to do away with ethnic differences. We are all suffering it including those that doesn't vote (Jehovah Witnesses) etc.
People are dying silently, if you still have phone and data to come online to complain, that means you are not much affected, lot of business have been shut down, even farmers that gave access to food are complaining of transportation to and from farm. Poultry farmers are shutting down cos of high cost of feed. I never believe we could have a government that will be worst than the past government. I'm sure a lot of family are going to celebrate this coming Christmas with empty stomach.
Please let us tryvtoccheck on our neighbours that we couldn't see for 2-3 days, some are dying inside, and please let us share the little we have with other,cfirget about tribe or religion, they government have used tribe and religion to separate us, we are one, the government will not save us, we are the one that will saves our fellow brothers and sisters.

bluefilm:
The way they say crash, you'll think it's a good thing as in prices crashing down or stuff like that.

But in essence, it simply that we are now in that town hall he was talking about not so long time ago!

Or could there even be another town hall different from what we are seeing?

spencekat:
Go to BDC guys and buy. Open a domiciliary account and save it there. Naira is gone.

sukkot:
hehe i like to see the glass half full
Salute Chief, you done collect pali ?

Funkyswagzz:
We should make it 1000 at least it will help to slow down the economy

seunjungle1:
Been bigotry will never allow you to reason well. If Peter is our President presently Nigeria would have gone beyond repair...if those powerful corrupt politicians can be frustrating Jagaban government, who is peter obi to them?

What you also forgot is the failure way in which Peter ruled Anambra throughout is 7years plus as governor of the state...during his tenure Anambra was ranked as one of the poorest state in Nigeria.... Nairaland still have the news in its cache on how Peter obi was cursed due to his poor ruling.

Now, you want somebody that cannot rule one of the least population states in nigeria well to come rule Nigeria?

newwise1:
Bro na only u way get sense for the country, the government keep shifting blames to the citizens by you people only import, you don't export mean while no electricity, when dollar was around 280 during Johnathan what were we exporting then we are not exporting, and what are we importing now we were not importing.

Ijaya123:
Mention just one production company owned by Peter Obi

LikeAking:
True..

My point is our condition is not just a reflection of our imports and exports..

The hardship is beyond that..

Their must be something else..


Them no Dey tell us..

The Naira is slumping too much, even our fellow import addict countries are not been hit this bad.

Kukutente23:
Same thing I was just explaining to him. It's unfortunate the volume of lies APC spread and propagated just to get to power. OBJ built pwr plants, yet APC that couldn't build one in 8 years are accusing him of corruption.
Just imagine!!

forgiveness:
I don't think Tinubu is confused. We need to move from the way we did things to another way.

We are in the right direction. Buhari secretly removed subsidy long before the election. The reason it wasn't included in the budget. There was nothing Tinubu could do.

Why are people interested in the exchange rate? Because they depend so much on imported goods including toothpick. Can you imagine?

It's not that we don't produce anything but we don't seems to patronize our own produts hence the rush for anything foreign.

We must change our lifestyle to adopt our own products.

PureFace1:
During those period there was still massive poverty in Nigeria, infrastructure was almost non existent and the existing one were all in discrepit state.

Nigerians were still very poor during the tenure of Obasanjo and Yaradua with bad infrastructures or no infrastructures at all and among the poorest nation, you just have the delusion that Nigeria was better because you bought things cheaper lol.

Every thing Nigeria is suffering from didn't start today.

PureFace1:
devaluation of naira is not necessary a bad thing but the problem is Nigeria is not a producing country.

We import everything will consume in this country.

NzogbuNzogbu:
Wetin person dey find for jihad country

If you must go Middle East why not go the ones trying to be civilized from barbaric stone age

Kaytixy:
I knew before now that the FG won't hold their end of the agreement. They complain of lack of fund but have the for SUV

StOla:
You mean a brand new dude who has not spent a month in office has failed and should relinquish office for Emefiele to continue the destruction he started and did not complete?

Are you sure you actually want any progress?

SmartPolician:
First, maintain the status quo; don't float the naira yet. After all, he has already removed the petrol subsidy and the burden is now on the people now.

Short term

Flag off a massive buy made-in-Nigeria-product campaign across the country. However, you must practice what you preach. Ban all MDAs from using imported vehicles - they should patronise only vehicles made in Nigeria. It will save this country a lot of FX.

Those who can access FX from banks must only be for business purposes. People who are not known to be genuine importers should go to the black market. Airline operators and parents paying school fees abroad can also access it because for the airlines, you are subsidizing the industry. For the parents, it's an investment that will pay in the future because those kids will form a buck of Nigerians who live abroad and send remittances to their families in Nigeria. See, leadership na common sense.

If other arms of government see the executive taking this step, their conscience will keep pricking them until they follow suit. If they don't, visit the national assembly. Engage them and tell them to do the same. Do the same whenever the judiciary has major events and invite you. When Buhari started his buy made-in-Nigeria-product campaign, Saraki started wearing clothes made in Aba. Our military was ordering shoes made from Aba. See, leadership at the top is everything. They stopped when they realised that Buhari wasn't serious; he was not leading the campaign by example.

Engage the media, fund national orientation agency and ministry of information. They should go to the markets, malls, schools, churches, mosques, etc to enlighten people about why they should start patronising products made in Nigeria.

Long term plan

Boost Nigeria's power generation capacity and transmission capacity. Invest massively in road infrastructure. Grant 5-year tax breaks to startups. Fund Bank of Industry so they can support SMEs across the country.

Visit major gas companies around the world and invite them to come and harness Nigeria's gas reserves. Nigeria can make billions of dollars per annum from this.

Find out why Nigeria isn't meeting her OPEC quota in crude oil export and make sure the challenge is fixed. Lobby OPEC to increase Nigeria's crude oil sales and bring in more USD into the country.

Invest in cash crops and ensure that the agencies that make them meet international requirements for exportation enlightens local farmers to meet these requirements. Deploy the military in the north and declare state of emergency in LGAs where terrorists don't let people farm in northern Nigeria. Dead or alive, you must be in charge of your country. That's why you are paying a bunch of security operatives. Everyone must justify their pay.

Get a vibrant minister of information. He should engage the people through the media so they know what steps the government is taking to improve the country because many people are not enlightened. There's a reason the White House Press Secretary always holds media briefing. People need to know what the government is doing.

Bros, in four years, these bold steps will start yielding results. When you win your reelection, float the naira that time.

I can go on and on. Believe it or not, it's either Bola Tinubu has no leadership ideas or he is just here for business as usual. Either way, I am not convinced he knows what he is doing.

Nairaland should start paying me for sharing my ideas here. Nigeria will experience a massive transformation when someone like me gets the opportunity to lead. We elect the worst among us to lead

StOla:
And is that the reason to support a return of Emefiele whose 9years was an actual catastrophe and not a projection that can be amended or compounded?

A new CBN Governor was just appointed a few weeks ago, and resumed duty just on 22nd September 2023.

Don't you think it is too early to ask that he be replaced by the last head that had to be removed after 9years of factual failure?

Or is the OP unaware that the government has just appointed a new CBN governor who is less than a month in office?

valentineuwakwe:
But he said the truth na.....what is it that ypur country produce a d even export as it stands now? Nothing!
So the value of the exchange rate will climb further except the government will do a cover up plan.....

Nice2023:
U are just being stupid.

Where did u see me praise APC...u just jump in in between and started writing rubbish.

Who ask u?..most of u can not even sustain yourselves yet u know the solution to every problems.

Egg head.

Entanglement:
definitely!
They baited hamas! But those ediot who knows not politics decided to enter Israel on a killing spray in honour of Muhammad the mad man the dead, blood-sucking vampire and the next day started celebrating in Gaza not knowing Israel is planning to give them a special bomb shelling Bonanza

If not for hamas actions, the world would be against Israel and Israel wouldn't dear to invade Gaza.

grandstar:
I like your response.

However, you may find this hard to believe but there is nothing to fear. A very competent CBN governor will arrest the Naira's fall and inflation spiral.

Tinubu has a history of appointing very competent technocrats and I am sure this will be no different. He should however hurry up!

grandstar:
I like your response.

However, you may find this hard to believe but there is nothing to fear. A very competent CBN governor will arrest the Naira's fall and inflation spiral.

Tinubu has a history of appointing very competent technocrats and I am sure this will be no different. He should however hurry up!