₦airaland Forum

The useless CBN governor and APC finance ministers are the reason for the 700% devaluation of the Naira since 2014

This means that people in Nigeria are 7 times poorer since APC arrived Nigeria with their evil.

Emefiele caused naira depreciation by printing 24tn out of thin air and handing over to the government to be looted with no dollars to back it up. This so called ways and means naira finds its way to the pockets of politicians civil servants who demand dollars in the market for trade and import, since the CBN cannot exchange the toilet paper they printed for real dollars, the exchange rate has to change.

The government is not blameless in this since 2014, they have been illegally financing their budget via ways and means with no commensurate tax revenue to mop up the excess liquidity. It's unconstitutional and a criminal offense to print fake naira and distribute to APC cronies

But Nigeria is a zoo where anything goes, a country that can't even respect its own constitution, spits

Premium Tears

Believe this criminal at your peril

This is the kind of character Thiefinubu is associating with to rule Nigeria.

A well known criminal who robbed Enugu dry and had a confirmed killer squad to eliminate his political opponents

He managed to be convicted and chased away to oblivion, it was gburu gburu the fat oaf and his criminal gang ruling Enugu since 1999 who went to dig this idiot out of oblivion and polished him back to be a senator

You know what they say about birds of the Same feather

This is the kind of fake and half baked professors being churned out in Nigeria

An idiot who was silent during and before election when criminals were threatening voters with evil and machetes has suddenly found his speech to defend a drug criminal and a big thief like Thiefiniubui

Going around speaking inaudible grammar thinking it still impresses young people in 2023

Nigeria is hopeless

Swearing in a mandate thief and a drug baron who didn't get 25% in FCT is unconstitutional and didn't score the highest number of votes drop polling units is a civilian coup d'etat

This is an invitation for military takeover at best or an interim govt at worse

In all cases they are all unconstitutional

Inec and Thiefinubu are a threat to democracy in Nigeria, they have destroyed what should be a functional democracy to enthrone civilian dictatorship run by APC

The foolish people saying Interim government is unconstitutional are the same idiots that attacked people at polling units with machetes some weeks ago, is that constitutional? where was DSS?

They are the same people that threatened and attacked other people not vote anything but APC some weeks ago, is that constitutional? Where was DSS?

They are the same people that changed polling unit results at collation centers and forced or bribed some RECs to declare APC winner some weeks ago, is that constitutional? Where was DSS?

They are the same people that want to swear in a big thief a criminal drug addict who didn't win the election or the FCT, is that constitutional? Why is DSS letting the swearing in happen?

Nigeria needs a military takeover or an interim government. DSS should go to court if they think it's wrong.

Look at the level of suffering of people, it was not this bad even under Abacha, the proponents of this APC govt are evil and must be stopped.

Foolishness is factory fitted for some people

A well known thief in charge of Treasury in Nigeria

A criminal gang thieving in Lagos since 1999 wants to superintend the people's God give
resources in Nigeria

A drug dealer like Thiefinubu who stole peoples mandate in an election fraught with ballot box snatching, bribery, violence, killing and voter suppression to become president now

Nigeria is hopeless as a country and the foolishness is confirmed every day

What should be worrying to you is that Kano and kastina are posting more accredited voters than Lagos

There is a significant amount of voter suppression in Lagos

People are basically denied their constitutional right to vote and be voted for in a state of over 20mn people

Nigeria division will come from Thiefinubu and his criminal gang in charge of Lagos who fan ethnic flames to win elections

Thiefinubu should either let lagosians vote or divide Nigeria

Élections are a sovereign process

Anyone seeking to institute another event the same day is seeking a coup d'etat

Hmmmmm

The struggle for Lagos

Nigeria is truly irredeemable

Inec has published guidelines on 2023 elections

Those guidelines state that election results that are not transmitted to the IREV server will be automatically cancelled

Inec guidelines are constitutional documents

I don't see why the states withdrew their case against the FG on transmission of election results from polling units to irev portal from the supreme court

INEC not adhering to the electoral process with respect to the transmission of voting results from polling units to irev portal is illegal under the electoral act and a constitutional issue to federating units

This presidential election will be annulled like June 12...

This election will be annulled

Another June 12 loading...

The election process directly violates the section of the act 2022 that deals with direct transmission of polling unit results to inec servers

INEC is a failure and has to redo the election

This election will be annulled

Another June 12 loading...

The election process directly violates the section of the act 2022 that deals with direct transmission of polling unit results to inec servers

INEC is a failure and has to redo the election

This election will be annulled

Another June 12 loading...

The election process directly violates the section of the act 2022 that deals with direct transmission of polling unit results to inec servers

INEC is a failure and has to redo the election

This election will be annuled

It directly violates the section of the act that deals with direct transmission of polling unit results to inec servers

ABIA - ABA NORTH - ST. EUGENES BY OKIGWE RD - WARD - 5

Inec is a joke

Conferring transport of sensitive elections materials to a biased partisan actor

Olé

Monetary policy is an exclusive reserve of an independent central bank in a normal functioning country

Printing excess cash is evil and encourages terrorists kidnappers and thieving politicians

Nothing impoverishes people than exchange driven inflation coming from excess currency printing driving M2 and M3 money supply

Nothing endangers people like arms bought by kidnappers and terrorists using untraceable cash

Printing excessive cash is evil

🤔

The CBN has the power to determine monetary policy

The President should fire the CBN governor 10 days to election if it thinks otherwise

These state governors have no clue how money market works or about overnight operations or swaps

CBN should resist pressure to print a non optimal amount of currency to circulation,it's evil to impoverish people by printing excess currency not backed by real production.with the attendant exchange rate driven inflation and impoverishement

C

The CBN has the power to determine monetary policy

The President should fire the CBN governor 10 days to election if it thinks otherwise

These state governors have no clue how money market works or about overnight operations or swaps

CBN should resist pressure to print a non optimal amount of currency to circulation,it's evil to impoverish people by printing excess currency not backed by real production.with the attendant exchange rate driven inflation and impoverishement

People should learn to make transactions with bank transfer and debit cards Visa and master card issued by banks

Inec should learn to pay corpers and bus drivers with bank transfer

Cash should be severely limited to ensure that kidnappers and terrorists do not get financing for their evil activities

Cash should be limited to ensure everyone pays taxes

People who work in formal sector should not be the one paying income tax via PAYE, every business man should be paying taxes and this can only be verified via electronic banking

Anybody trying to go back to using huge amounts of cash is evil and wishes to impoverish others

As a govt it's very irresponsible to finance budgets with huge deficit and not to mop up the inflation created via a responsible taxation and fiscal policy

As a central bank it is criminal to print billions of cash notes not backed by dollars and an appropriate policy rate leading to exchange rate driven inflation and general impoverishment and loss of purchasing power of people

Bullshit

The biggest threat to security is cash driven kidnap ransom and cash paid hired killers roaming and bandits all over the place and cash paid weapons used by criminals to attack hapless villagers in the middle of the night

The biggest threat to the economy is the exchange rate driven inflation fuelled by illegal printing of naira and with no tax compliance to mop up the illegal deficit spending.

Both evils come primarily by all the cash printed by the CBN into circulation

It is evil for the CBN to keep printing cash and endangering people's lives and impoverishing people

If you want to make transactions with security vote use bank transfer so the FIRS can track how this money is spent and how much tax revenue comes from it

Seems Buhari has heeded correct advice from the CBN to go ahead with the policy

This is the only way for CBN to control money supply and get the Naira exchange rate correct

It will stop kidnapping, improve tax compliance and actually help govt revenue

It is madness for the Govt to keep printing naira and keep impoverishing people with exchange rate driven inflation while at the same time not mopping up the deficit spending with tax revenue

A better news will be 100% of POS operators close shop

Like BDC POS operators have no place in a modern economy

They are leeches who seek to profit in a transaction without providing value

They are unregulated also

People should learn to use card to make debit payments at a POS terminal directly owned by the vendor

Vendors and business owners need to get a POS terminal to recieve payments

stop using excessive cash, it is not proper in a working economy

You will only facilitate thieves, kidnappers and tax dodgers

Big payments should be done by Bank transfer

Vote buying is gradually being extinguished

Very difficult to convince people to a rally with old naira notes

You are an idiot for saying I have no sense

I blame your LovePeddler mother who wasted space on earth to give birth to you

I won't bother to reply to your bunkum

Get lost

highchief1:
the day u will have sense I will kill one goat and finish it myself.U surely haven’t travelled outside your village before.Nigeria does not have what it takes to be cashless.Hopeless bank networks,failures from pos.Singe I left Nigeria I have never gone to any bank to complain about failed online transactions.Not for once.In Nigeria u will transfer money in the morning it will reflect in the night.U go to some pos they will say no network.u visit most atm u will see crowd why they will say network is bad or no money in the machines only one is dispensing.To go cashless u must first put some things in place.Also abroad policies are for everyone not a selected few,in Nigeria they will say u can’t withdraw more than 20k but cbn govs side chic will withdraw 500m.Pull down that ur useless write up Nigeria is not due for a cashless policy.