Jestin:
How did we end up with Buhari as president ?

Kasssandra:
Yeah, we are not earning enough dollars due to

1.Subsidy payments going up, due to higher oil prices, which means higher fuel prices...and more money being spent to keep it low...which eats into our budget

2.Falling oil production due to theft, robbery, and government doing nothing about security.

3.From 2014 till 7-8 months ago, oil prices were too low to sustain us. Now that they are high, we have to still pay off the debt we took on during the lean years...(and yes, we had to borrow, otherwise we would have ended up with salaries not being paid for 2 years .)...and even during those years, we were still paying up debts.

4.Lack of a diversified economy. We did not diversify our economy.

5.Poor tax uptake. Our tax to gdp raito is 8.1%....too low to get us enough revenue. 30% of the economically active populaiton pays income tax to the government at federal and state level. Tax leakages and corruption are a thing.

6.Corruption and stealing. Especially at contracts, subsidy level and so forth. And yes, APC hasn't changed a thing.


That's why we are in this mess.

If we removed subsidies on petrol and power, and raised our tax to gdp ratio, and really focused on fighting corruption....we might get somwhere.

Campaigning begins next week, let's see what the candidates have in the tank. I'm not optimisitic.

siofra:
Hei God!!

I wanted to order a wig from Amazon. I hope this isn't true abeg!!

chigoziri2403:

Like what you wrote
Can you explain like you would to a stark illiterate

Kasssandra:
Yeah, we are not earning enough dollars due to

1.Subsidy payments going up, due to higher oil prices, which means higher fuel prices...and more money being spent to keep it low...which eats into our budget

2.Falling oil production due to theft, robbery, and government doing nothing about security.

3.From 2014 till 7-8 months ago, oil prices were too low to sustain us. Now that they are high, we have to still pay off the debt we took on during the lean years...(and yes, we had to borrow, otherwise we would have ended up with salaries not being paid for 2 years .)...and even during those years, we were still paying up debts.

4.Lack of a diversified economy. We did not diversify our economy.

5.Poor tax uptake. Our tax to gdp raito is 8.1%....too low to get us enough revenue. 30% of the economically active populaiton pays income tax to the government at federal and state level. Tax leakages and corruption are a thing.

6.Corruption and stealing. Especially at contracts, subsidy level and so forth. And yes, APC hasn't changed a thing.


That's why we are in this mess.

If we removed subsidies on petrol and power, and raised our tax to gdp ratio, and really focused on fighting corruption....we might get somwhere.

Campaigning begins next week, let's see what the candidates have in the tank. I'm not optimisitic.

Officialgarri:
This will hurt those in arbitrage business so bad.

May I also inform you that the cards listed as alternatives usually carry subscription charges ?

My access black card costs 84k annually and maybe the price has increased now.


Please don't allow desperation push you into buying virtual dollars from Nairalanders o. Majority are scammers.

thebosstrevor1:


go get a gt dollar account and apply for a card for N1k

the yearly cost of maintenance is just $10 dollars

they sometimes give you $30 as discount when buying things online

siofra:


What

Ishilove:
I laugh in Ukwuani!

Smh

Kajaard:


Yes na. Anything you can do with your dom account you can do through your card. No issues. But please if you are planning to open a domiciliary account use one of the stable banks like UBA, Zenith or GTB, just to be safe. Their cards are never rejected.

MichaelSokoto:

They have suspended it

Dtygz:


My question is apart from going to the bank, can one withdraw from a Dom account card in any other way?

GRACEGLORY:
Chipper solves it

mmsen:
They placed limits on foreign transactions a long time ago to the point where it was useless for anything of note.

This is what happens when you allow useless people to run your country and economy.

But keep allowing tribalism to guide you. Keep allowing religion to distract you.

Una well done.

Kajaard:


I have both the GTBank and UBA USD debit cards. I got the GTbank card 2 years ago so I cannot remember if I was charged for it, but the UBA card my domiciliary account was debited $10 for it. I got the UBA card this year and I must admit it's been seemless for online payments far better than the other one.

Mine is a Gold USD card and the limit monthly is $10,000 ( ten thousand USD monthly).

boladale123:

Please what's the rate per dollar for the transaction you did?

CSTRR:

Unfortunately, these people are affecting me with their brainlessness.

Once I Japa, nothing concern me with Nigeria again.

If dey like,they should keep voting on ancient tribal divisions, I will cheer them from oversees and watch them on CNN.

Kajaard:


I withdraw dollars with my card when I am outside the country from any VISA or MASTERCARD bearing atm machine. I only withdraw cash from any branch of my bank from the counters. I don't know of any other way.

boladale123:

Please what's the rate per dollar for the transaction you did?

Kasssandra:
Yeah, we are not earning enough dollars due to

1.Subsidy payments going up, due to higher oil prices, which means higher fuel prices...and more money being spent to keep it low...which eats into our budget

2.Falling oil production due to theft, robbery, and government doing nothing about security.

3.From 2014 till 7-8 months ago, oil prices were too low to sustain us. Now that they are high, we have to still pay off the debt we took on during the lean years...(and yes, we had to borrow, otherwise we would have ended up with salaries not being paid for 2 years .)...and even during those years, we were still paying up debts.

4.Lack of a diversified economy. We did not diversify our economy.

5.Poor tax uptake. Our tax to gdp raito is 8.1%....too low to get us enough revenue. 30% of the economically active populaiton pays income tax to the government at federal and state level. Tax leakages and corruption are a thing.

6.Corruption and stealing. Especially at contracts, subsidy level and so forth. And yes, APC hasn't changed a thing.


That's why we are in this mess.

If we removed subsidies on petrol and power, and raised our tax to gdp ratio, and really focused on fighting corruption....we might get somwhere.

Campaigning begins next week, let's see what the candidates have in the tank. I'm not optimisitic.

Dtygz:


Cash in dollars or naira from bank branch.?

thebosstrevor1:


no

Kajaard:


My last transaction I sold the dollars I withdrew in the black market for 705. Meanwhile the Hausa were selling for 710.

For any online transaction or physical withdrawal you are not charged by your bank. The card only has an annual maintenance fee of $15 which you pay once a year.

MichaelSokoto:

2 days ago I couldn't apply

justBreathe:
As received from my bank just now:

"Due to current market realities on foreign exchange, you will no longer be able to use the Naira Mastercard, Naira Credit Card, our Virtual card and Visa Prepaid Naira card for international transactions. This will take effect on 30 September 2022.

Please use your Visa Debit Multicurrency Card, Visa Prepaid (USD) Card and Visa Gold Credit Card to continue transacting abroad with limits of up to $10,000."

What does this connote?

No more AliExpress?
How far does this go please?