I just saw a thread where his excellency Peter Obi was expressing disapproval on actions taken to reign in the bureau de changes in nigeria.

I hope I misread him, but if he is against the reforms implemented to curb the racketeering going on at those BDCs and their banking and black market allies, then I disagree.

I even advocate a total suspension of all BDC activity in nigeria.

Mpa nnukwu...onye nna...Peter obi...senior man.

This one no follow.

Our economy has been far too much dollarised, desperate times demand desperate measures.

We have to save the country at any cost.

Bureau de changes are a major part of the problem because as long as they freely do as they like, people who steal dollars know exactly where to run and clean it up in a few minutes.


They have to go.

If tinubu doesn't want to end them, then let him regulate them out of this their Criminal conspiracy with our thieving bankers and the touts on the streets with dollars and naira notes wrecking the economy.


Thanks onye mpa Peter obi, you're still the man though.

😃 😊

Strafudeen:
I just saw a thread where his excellency Peter Obi was expressing disapproval on actions taken to reign in the bureau de changes in nigeria.

I hope I misread him, but if he is against the reforms implemented to curb the racketeering going on at those BDCs and their banking and black market allies, then I disagree.

I even advocate a total suspension of all BDC activity in nigeria.

Mpa nnukwu...onye nna...Peter obi...senior man.

This one no follow.

Our economy has been far too much dollarised, desperate times demand desperate measures.

We have to save the country at any cost.

Bureau de changes are a major part of the problem because as long as they freely do as they like, people who steal dollars know exactly where to run and clean it up in a few minutes.


They have to go.

If tinubu doesn't want to end them, then let him regulate them out of this their Criminal conspiracy with our thieving bankers and the touts on the streets with dollars and naira notes wrecking the economy.


Thanks onye mpa Peter obi, you're still the man though.

😃 😊

I honestly agree

Person tire sef

So thing that's in every place you go to
Even dubai
Nawa o

BDC are to banks what pharmaceutical outlets are to hospitals.

Where there are no drugs in the hospitals, or odd hour transactions, or where banks are distant, business cannot be allowed to suffer. BDC also provides employment.

Peter Obi is right like always.

Now, who "dollarized" the economy when Customs are demanding duties on some products in dollars?

When the budget is dollarized as per Sen. Ali Ndume

It may also interest you to know that most of the BDC operators are trading for the banks who supply those dollars to them and will not have it in there vault.

That top government officials are also involved in the trade.

He's right cos that's the good way to go

Tinubu has always been irrational in his doings and so irrationally right cos that's not a good precedence.

Some bdcs are genuine and helps ease of doing business and so oils the economy

psucc:
Now, who "dollarized" the economy when Customs are demanding duties on some products in dollars?

When the budget is dollarized as per Sen. Ali Ndume

It may also interest you to know that most of the BDC operators are trading for the banks who supply those dollars to them and will not have it in there vault.

That top government officials are also involved in the trade.

These are the issues that must come out now that the BDCs are under scrutiny.

Why must customs demand revenue in a foreign currency?

Why must banks have an interest in BDCs

The rot in our system is too much, but once you start cleaning one part, the parts near it will show up for cleaning also.

These same BDCs hav been here even when $1 was ₦100
Now instead of telling tinubu to know how makes policies and speaks publicly, you are balling Peter Obi?

Tinubu met usd at less than 700 ngn
His statements and policies are what has driven it up.

Peter Obi is proferring solutions but no you are against him?
Okay o

IduNaOba:
So thing that's in every place you go to
Even dubai
Nawa o

Your basis for good economy and government

Lol...so there are nothing unique to some developed countries

U think we should keep copy past anyththing 😂🤣🤣

YourMrBoo:
He's right cos that's the good way to go

Tinubu has always been irrational in his doings and so irrationally right cos that's not a good precedence.

Some bdcs are genuine and helps ease of doing business and so oils the economy

Some end sars police men were good but that didn't stop the bad eggs tarnishing the whole group.

Dollarization is now a national emergency on an existential scale.

This thing will destroy this country completely.

Let the surgery begin already.

Cut off what's decaying , some good flesh may go too, but that's the cost of allowing nonsense run amock for a long time

IduNaOba:
These same BDCs hav been here even when $1 was ₦100
Now instead of telling tinubu to know how makes policies and speaks publicly, you are balling Peter Obi?

Tinubu met usd at less than 700 ngn
His statements and policies are what has driven it up.

Peter Obi is proferring solutions but no you are against him?
Okay o

Even at 750 dollar was still a big problem, and was higher than previously

The issue is that without a solution , dollar can reache 10,000 naira

Don't think it can't happen like in Zimbabwe etc

We must act now.

This dollarized economy is a fake economy. It is not real.

We need to get real and work.

Do you know how many youths do nothing but buy dollar , keep and resell??

How is that a productive venture??

And yet it pays them more than people doing legit work

The ramifications are too many

Hss

IduNaOba:
So thing that's in every place you go to
Even dubai
Nawa o

CBN should be doing the job of foreign currency trafficking...the abuse now is much

psucc:
Now, who "dollarized" the economy when Customs are demanding duties on some products in dollars?

When the budget is dollarized as per Sen. Ali Ndume

It may also interest you to know that most of the BDC operators are trading for the banks who supply those dollars to them and will not have it in there vault.

That top government officials are also involved in the trade.

The CBN is to blame, maybe they're trying to correct their own mistakes

They should be the ones to keep the dollar on a short leash

Now every tout has dollars cash on the streets, racketeering...na waa

IduNaOba:
These same BDCs hav been here even when $1 was ₦100
Now instead of telling tinubu to know how makes policies and speaks publicly, you are balling Peter Obi?

Tinubu met usd at less than 700 ngn
His statements and policies are what has driven it up.

Peter Obi is proferring solutions but no you are against him?
Okay o

Think am now...this dollar issue has plagued nigeria for long, something different should be tried...with all respect to obi, I side with OP

Strafudeen:
I just saw a thread where his excellency Peter Obi was expressing disapproval on actions taken to reign in the bureau de changes in nigeria.

I hope I misread him, but if he is against the reforms implemented to curb the racketeering going on at those BDCs and their banking and black market allies, then I disagree.

I even advocate a total suspension of all BDC activity in nigeria.

Mpa nnukwu...onye nna...Peter obi...senior man.

This one no follow.

Our economy has been far too much dollarised, desperate times demand desperate measures.

We have to save the country at any cost.

Bureau de changes are a major part of the problem because as long as they freely do as they like, people who steal dollars know exactly where to run and clean it up in a few minutes.


They have to go.

If tinubu doesn't want to end them, then let him regulate them out of this their Criminal conspiracy with our thieving bankers and the touts on the streets with dollars and naira notes wrecking the economy.


Thanks onye mpa Peter obi, you're still the man though.

😃 😊

Lol Buhari did the same thing did it work ?

Obi is saying BDC people are mere symptoms focus on the real issue

Nigeria trade deficit has been mostlypositive since 2015 yet naira he lost 90% of it's value

Fix the issue, the fundamental issue not going after symptoms

Straybullet:


Think am now...this dollar issue has plagued nigeria for long, something different should be tried...with all respect to obi, I side with OP

Except the banks are ready to sell dollars on demand to people that need them for whatever needs, black markets will develop.

mrvitalis:

Lol Buhari did the same thing did it work ?

Obi is saying BDC people are mere symptoms focus on the real issue

Nigeria trade deficit has been mostlypositive since 2015 yet naira he lost 90% of it's value

Fix the issue, the fundamental issue not going after symptoms

In medicine we don't only focus on the underlying issue, we also take quick fix steps to save a life

If you're treating malaria and the patient is convulsing, you don't just focus on the malaria, you quickly give something for convulsions to prevent death while your antimalarial works.

That is as it should be.

Main cause or not, the BDCs are now a serious cause for concern, as a link between unregulated black marketers and the regulating banking sector.

A very sick situation is on our hands

Much like police and criminals teaming up to do a heist.

Abeg BDCs must go

successmatters:


Except the banks are ready to sell dollars on demand to people that need them for whatever needs, black markets will develop.

Well, if the government is as serious as it claims , that can be reduced to the barest minimum.

There are illegal guns in nigeria but if them catch you, you go no how far.

Dollar racketeering can be made a very serious issue, i expect it should

Then we will see sanity

Strafudeen:


In medicine we don't only focus on the underlying issue, we also take quick fix steps to save a life

If you're treating malaria and the patient is convulsing, you don't just focus on the malaria, you quickly give something for convulsions to prevent death while your antimalarial works.

That is as it should be.

Main cause or not, the BDCs are now a serious cause for concern, as a link between unregulated black marketers and the regulating banking sector.

A very sick situation is on our hands

Much like police and criminals teaming up to do a heist.

Abeg BDCs must go

What has he done so far to improve production? Nothing.

What gas the government done to stop endemic corruption? Nothing.

He is focussing on the convulsions only, he have no plans to treat the disease at all, just jumping around like buharri

successmatters:


What has he done so far to improve production? Nothing.

What gas the government done to stop endemic corruption? Nothing.

He is focussing on the convulsions only, he have no plans to treat the disease at all, just jumping around like buharri

I am the greatest critique of tinubu

He is a spectacularly failing president

So don't get it mixed up

But the war on bdc should be fought

Strafudeen:


Well, if the government is as serious as it claims , that can be reduced to the barest minimum.

There are illegal guns in nigeria but if them catch you, you go no how far.

Dollar racketeering can be made a very serious issue, i expect it should

Then we will see sanity

This is exactly what Peter Obi is saying, don't just go after to BDC, go after everyone doing things wrongly.

Strafudeen:


I am the greatest critique of tinubu

He is a spectacularly failing president

So don't get it mixed up

But the war on bdc should be fought

Peter Obi is saying, if you go after the BDC only, you will worsen the problem.

That's the message.

successmatters:
BDC are to banks what pharmaceutical outlets are to hospitals.

Where there are no drugs in the hospitals, or odd hour transactions, or where banks are distant, business cannot be allowed to suffer. BDC also provides employment.

Peter Obi is right like always.

No...this analogy is not relevant here, because dollars are not to Nigeria what drugs are to hospitals.

We can do without all this huge dollars in circulation everywhere.

successmatters:


Peter Obi is saying, if you go after the BDC only, you will worsen the problem.

That's the message.

Ok.

Hopefully they do other things as well

Nigeria is going

Strafudeen:


No...this analogy is not relevant here, because dollars are not to Nigeria what drugs are to hospitals.

We can do without all this huge dollars in circulation everywhere.

You are making a mistake at the bold. Dollar is more than drugs to a business in an import dependent economy. You cannot even get the drugs without dollars, people will just start dying every day.

Strafudeen:


Ok.

Hopefully they do other things as well

Nigeria is going

I hope so too.

Strafudeen:
I just saw a thread where his excellency Peter Obi was expressing disapproval on actions taken to reign in the bureau de changes in nigeria.

I hope I misread him, but if he is against the reforms implemented to curb the racketeering going on at those BDCs and their banking and black market allies, then I disagree.

I even advocate a total suspension of all BDC activity in nigeria.

Mpa nnukwu...onye nna...Peter obi...senior man.

This one no follow.

Our economy has been far too much dollarised, desperate times demand desperate measures.

We have to save the country at any cost.

Bureau de changes are a major part of the problem because as long as they freely do as they like, people who steal dollars know exactly where to run and clean it up in a few minutes.


They have to go.

If tinubu doesn't want to end them, then let him regulate them out of this their Criminal conspiracy with our thieving bankers and the touts on the streets with dollars and naira notes wrecking the economy.


Thanks onye mpa Peter obi, you're still the man though.

😃 😊

Sorry to say this. You don't sound enlightened.

Your conclusion is too quack and misleading.

successmatters:


You are making a mistake at the bold. Dollar is more than drugs to a business in an import dependent economy.

No I'm not.

Our import dependence is a matter of choice not of necessity.

We are not import subsistent, we are import addicted.

That in itself is a disease that needs to be cured by starving you of the addictive substance.

Dollars are our cocaine not our antibiotics

ify2016:


Sorry to say this. You don't sound enlightened.

Your conclusion is too quack and misleading.

Thanks for the engagement, share your views so the less enlightened can learn

Strafudeen:


Thanks for the engagement, share your views so the less enlightened can learn

You're quite mature, that was rude

Strafudeen:


No I'm not.

Our import dependence is a matter of choice not of necessity.

We are not import subsistent, we are import addicted.

That in itself is a disease that needs to be cured by starving you of the addictive substance.

Dollars are our cocaine not our antibiotics

As more pharmaceutical and manufacturing companies are leaving Nigeria, we continue to be more import dependent on a daily basis. We have no choice. The disease here is lack of production, dollar scarcity is just a small symptom.

Peter Obi is a genius.