NewStats: 3,259,470 , 8,170,215 topics. Date: Sunday, 25 May 2025 at 07:41 AM 4i5yz

CatchMeIfUCanMO:

So, you dey safe 50k monthly and you dey feel like you have arrived, money wey no reach wetin some people dey take buy fuel monthly, gerraout of here abeg.

and some ppl wish tonsee dat as salary in a Month...get the message clear..if u like continue been negative i just pity ur wife n kids if u hv any..After 2015 election ur current anger no near my own..i was so negative dat all my life became negative until i realise myself..if Nigeria like mk the worst happen..if na 5ppl go survive na me n my family.

Balistic4:


unfortunate fellow quoting from the land of the dead. You are really unfortunate God don catch you today. foolish idot

It's obvious your naturally dumb.. You don't have to put more effort..

That's why you will Never at any point archive any thing in life.. Continuing display the traits of your family here..
I'll cure your madness today.. Ozu nwuru anwu.

Apart from actual need for dollars for good that are not manufactured or difficult to manufacture in Nigeria, the following is why Naira is on a steady fall.

Too much money in the hands of politicians.
Devaluation and floating of the Naira has led to the lost in confidence of the naira- no body wants to store money in the local currency
Too many corrupt persons.
Root in the Nigerian Infrastructure-- schools, health.
Too much quest for European life style.
Many politician dependents leaving abroad as the expense of Nigerian sponsors.

With all this, the quest for dollar will always be on the rise and cannot be tamed.

pocohantas:

It is about 1800/$.
Nairaland should stop pushing these threads to FP. It is becoming scary and I am surprised some people are laughing over it. My parents house was burgled for the first time in 20yrs.

Do people know the security implications of where we are headed?

What is your business if we are laughing about it Nnwanne Nairaaland Resident ENP

pocohantas:
It is becoming scary and I am surprised some people are laughing over it. My parents house was burgled for the first time in 20>yrs.

Do people know the security implications of where we are headed?

^^^
It started getting scary a long, long time ago. And you are very correct about where we are headed.

There is a thread somewhere on this board - I think it was around the endSARS period in 2020 where some fellow built a very detailed scenario of the inevitable total breakdown of law and order if things go beyond a certain point in this country.

During Covid and endSARS, several people experienced firsthand what anarchy really means. There are parts of Northern Nigeria where anarchy (wrought by industrial scale terrorism) is a daily reality. Other parts of Nigeria are slowly building up towards a similar situation. Sadly, the group in the most trouble (if we reach the point of no return) is Nigeria's tiny middle class. Its are not rich enough to buy real protection if anarchy sets in...and its are not poor enough to be overlooked or ignored by the mob when things get rough. The middle class will be the first to fall if things go fully south.

We are getting there.

irepnaija4eva:



It's obvious your naturally dumb.. You don't have to put more effort..

That's why you will Never at any point archive any thing in life.. Continuing display the traits of your family here..
I'll cure your madness today.. Ozu nwuru anwu.

Onwu ike, that's your portion

That bile will kill you.

I will torture you till infiniti

Balistic4:


Onwu ike, that's your portion

That bile will kill you.

I will torture you till infiniti

Death is inevitable Dick head..
Torture me?.. Modafucker I'm game.
If you run, your papa...
The bile that will kill me will first comsume you and all that forms you.
You worthless piece of shit..

irepnaija4eva:


Death is inevitable Dick head..
Torture me?.. Modafucker I'm game.
If you run, your papa...
The bile that will kill me will first comsume you and all that forms you.
You worthless piece of shit..

Yes, but like I said, yours is soon and untimely. Foolish idiot

CatchMeIfUCanMO:

See this one wey never chop since morning.

For your information, hunger is doing your pi pu shiii, continue blabbering.

Is that why your parents in Anambra are selling their kids because of hunger?

Balistic4:

Yes, but like I said, yours is soon and untimely. Foolish idiot

Your family won't even mourn you..
Infact they'll thank their stars that nature has taken its cause to rid them of a competent fool.
Even the ground you lay dead will curse its self for accepting your corpse..

Biafrannuke:
By early March, thousands will collapse on the streets as a result of hunger. Many will die.

There will be massive looting of government warehouses and gradual return to the state of nature in North and SW.

Bandits will stop charging in Naira and charge in US dollars and food.

By April, nizoorians will eat grass and ministry of health will sensitize them on healthy grass options, there will be famine refugee camps and outbreak of kwashiorkor in North and SW worse than the civil war times.

Communities will mobilize billionaires to share palliatives to household in Biafra land.

MNK cursed the zoo. The plague is just starting unless they give us Biafra. I am not bluffing

You are bluffing, the sufferings will reach every nook and crannies of the country. Keep waiting for one audio billionaire to come and save you from your poverty, you will get sense on day when poverty wire you better hunger.

Jackson105:


Is that why your parents in Anambra are selling their kids because of hunger?

I am not from Anambra state, so you be fuul.
Person wey dey live better than the most successful person in your fa mily/lin eage can ever dream of?

Na so una go dey follow una helper dey argue mu².

irepnaija4eva:
I'm quite sure if Tinubu knew the Actual dept of Economic Quagmire the previous Government Plunge Nigeria into, He wouldn't Have dared to Contest...

He Has a Good Heart with The Nigerian Interest At Heart..

I Just Hope Things will Turn out Well At the End..

You mean that it was the previous government that made all the decisions and policies that the current government put in place?
You lots are yet to learn, una go wise up later.

easzypeaszy:
and some ppl wish tonsee dat as salary in a Month...get the message clear..if u like continue been negative i just pity ur wife n kids if u hv any..After 2015 election ur current anger no near my own..i was so negative dat all my life became negative until i realise myself..if Nigeria like mk the worst happen..if na 5ppl go survive na me n my family.

Come on go and sit down somewhere abeg.

The argument is between me and him, for him to use 50k per month savings as a benchmark is rubbish.

If he can't be reasonable, then I will let him know that the money that made him the be stew pead is peanut to some people.

My point is, he should not be blind to the truth because of that peanut, simple.

And listen, next time before you put your mouth in a discussion, ensure you follow the argument from the genesis.

Dybala11:

You mean that it was the previous government that made all the decisions and policies that the current government are using?
You lots are yet to learn, una go wise up later.

Try to understand me.. The previous Government was nothing to write home about.. Their kindergarten policies of (MAMBIALA) as akeen to the Northern way of life is what brought us to this level..

NB.. I'm not a er of Tinubu. But atleast to an extent, he's far better than Buharia.

IT was all about he's EGO to be called President.

SoNature:


That man is right. There are certain transactions you cannot do in the bank. For instance, you cannot exchange your naira for USD cash from banks, even when you want to leave the country. Most times, people just resort to BDC.

Is it the right way to do it in the first place? Is that not the job of Nigerian banks? Is this act not the reason we are here today? But cos they want to make more money, banks give dollars out to BDC. And here we are. As an economist, should he not correct it by asking govt to make sure banks give dollars out? Se you want to say that you don't know that banks deliberately give BDC such dollars?

Agbegbaorogboye:

I think he's talking from the angle of the reality of access to dollars and not what you're thinking.
Getting forex from banks is hard. You and I know that.

It is why as an economist, he was to advise the government on the real way to do it. Kick-off BDC and make banks the only entities to do it. It will be available. Banks can operate outlets in airports too. Banks are the primary exchangers and not BDC. These BDC people are the ones doing this bad thing to us. They are cabals. The only way out is to stop them. Banks make more money through them. Even imagine, that banks have refused to load ATMs again with naira because they give it out to money sellers via POS.

Government know what to do. They just won't do it cos they are also corrupt.

Someone should tell Tinubu that he cannot fight dollar with guns.

The true meaning of Gazela garagaraga that Tinubu spoke during his campaign has come.

irepnaija4eva:


Try to understand me.. The previous Government was nothing to write home about.. Their kindergarten policies of (MAMBIALA) as akeen to the Northern way of life is what brought us to this level..

NB.. I'm not a er of Tinubu. But atleast to an extent, he's far better than Buharia.

IT was all about he's EGO to be called President.

Yes, the previous istration was bad. But except if you have you sinister motive up your sleeves, you shouldn't have said that this current istration is better than the preceding one. The results are there as proofs, mind you who sold the agenda of voting for Buhari to Nigerians pre-2015?
Until we learn the culture of taking responsibility for our actions in this country, we might continue to wallow in this quagmire we are. In as much as the Buhari istration was a colossal failure, it doesn't excuse the failures of the current leaders in charge of the country. Understand this fact first.

irepnaija4eva:


Your family won't even mourn you..
Infact they'll thank their stars that nature has taken its cause to rid them of a competent fool.
Even the ground you lay dead will curse its self for accepting your corpse..

At least, I get family, na you and your family dey die so

The little rags that is left behind, neighbors go reject am

Dybala11:

Yes, the previous istration was bad. But except if you have you sinister motive up your sleeves, you shouldn't have said that this current istration is better than the preceding one. The results are there as proofs, mind you who sold the agenda of voting for Buhari to Nigerians pre-2015?
Until we learn the culture of taking responsibility for our actions in this country, we might continue to wallow in this quagmire we are. In as much as the Buhari istration was a colossal failure, it doesn't excuse the failures of the current leaders in charge of the country. Understand this fact first.

It's just 8 months.. Which to be frank, i don't see any light at the end of the tunnel .. Tinubu out of excitement made a careless statement of No More Subsidy which brought about panick in the Economic helms of the country..

If you could recall on that day, price of fuel ballooned immediately after that statement.

My point is if Tinubu Government came before Buhari, we won't be where we r today..

Balistic4:

At least, I get family, na you and your family dey die so

The little rags that is left behind, neighbors go reject am

I've seen all my children, they are all doing fine. By the special grace of God, I'll see my Grandchildren.
You on the other hand, Atleast you've agreed that you are a waste to your people. You can't even surmoun a family meeting. As old as you are
Still feeding from your parents.
Even without the excuse of the current Economic woes of the country, you still can't make out anything useful

Onye mgbu.

A clear depiction of a total waste you are.

I will so deal with you here that next time, you'll think twice before you reply anybody on nairaland with insult...

This is unbelievable!

irepnaija4eva:


I've seen all my children, they are all doing fine. By the special grace of God, I'll see my Grandchildren.
You on the other hand, Atleast you've agreed that you are a waste to your people. You can't even surmoun a family meeting. As old as you are
Still feeding from your parents.
Even without the excuse of the current Economic woes of the country, you still can't make out anything useful

Onye mgbu.

A clear depiction of a total waste you are.

I will so deal with you here that next time, you'll think twice before you reply anybody on nairaland with insult...

Those foolish children you see, you shall see them no more

Death calls bro

Foolish idiot

dettolgel:
It is highly likely that the economy is being sabotage.

My question is who is responsible for this?

Is it possible that the current management of the CBN are still busy printing naira? If yes is city boy aware of this or is city boy printing his own share of the naira and converting it to dollars for further laundry?

Or are the owners of Nigeria behind this with the intention to build good reason to force city boy out of power and return power to the "born to rule"?

At this point it is either that president do not have a clue on what is happening or that he is aware of the situation but unable to do anything about it.

This is very scaring we are in deep shit we might hit Zimbabwe level of inflation and this will pose a huge threat to national unity.

Nobody is sabotaging the economy, was it the saboteur that asked him to float the exchange market and remove subsidy on fuel, education and planned removal of subsidy on electricity?

Economic policies are not things you do in a haste, and without strategy, just as the way a patient die at any mistake a surgeon does is the same way the economy collapse at any policy mistake.

PussyOdour:



Tinubu has really disgrace the self acclaimed sophisticators. Tinubu is the most intelligent and smartest Yoruba man hence the Yoruba presented him to stand election. If Tinubu is the best Yorubas can produce and the most educated Yoruba man, I can only shake my head, because it's now glaring that we were deceived long time ago and we believed that Yoruba tribe is the most educated tribe in Nigeria. That was a huge fallacy.


That man Tinubu is a complete dummy, zero sense in governance.

They Yoruba tribe might be the most paper educated tribe in Nigeria but the most ignorant. The 2023 elections cemented everything. It really showed that their education is really a waste.

Bring Orji Kalu or any crook Igbo politician and see how Ndigbo will rather vote a Hausa man into power.

epainos:


Lol

Economists from hell! The bolded part got me. What kind of transaction you cannot do with banks that only BDC can do? Can you read what the so-called lecturers demanding high pay are saying? Mehn!

I believe this lecturer is talking about money laundering. Tell me one BDC that has a bigger capital base than the smallest microfinance banks we have in Nigeria that I need BDC where banks are not capable of handling. Na wa ooo!

Can you see why Nigeria will not get out of this easily? These are the set that will wage war oooo.

Please, if you know the kind of transaction that is justified here, let me know. Cos I am really curious to know what he is talking about.

Why do you buy fuel from black markets sometimes, why don't you patronise the fuel stations at all time, if you answer this question then you already know where the lecturer is coming from but choose to hide the truth, the BDC operators just like large food merchants are existing because of the externalities caused by government created market failures.

Balistic4:

Those foolish children you see, you shall see them no more

Death calls bro

Foolish idiot

Lol.. Stupid slowpoke. Do i look like your bro? ... Fckin bstard. .
Your 1 digit iQ is even a trophy to dumb idiots of the family you crawed out from.
Ewu Gambia.

irepnaija4eva:


Lol.. Stupid slowpoke. Do i look like your bro? ... Fckin bstard. .
Your 1 digit iQ is even a trophy to dumb idiots of family you crawed out from.

See, you will get high BP and die today
Idiot with a good heart. Fool

Balistic4:


See, you will get high BP and die today
Idiot with a good heart. Fool

Lol.. I dey use you cure Am na.. Modafucker.
You wanna go low.. I'll go lower..
If you run your papa..
Ozu nwuru anwu.