DMerciful:
The elections were rigged! That was why IREV was shutdown to prevent electronic transmission and force manual collation overnight where results are usually changed

Funkyswagzz:


If you say this with your full chest I can only say may Nigeria happen to you and ur family IJN.

JagabanB:
I am not an Obi boy

peculiar2233:

Hope you are already buying your own products at cheaper rate. Oponu

LegallyBlunt:
Which Nigerians?

JagabanB:

"May Nigeria happen to you" seems to hold a lot of weight to f00Is like u, I am a proud Nîgeriàn, when u say "may Nigèria happen to you" it's an empty statement.
And I am saying everything I am telling with all authenticity, I don't know what's "full chest" reserve that sIang for ur trenches.

Funkyswagzz:


Obviously u wont accept it cos u know u telling urself lies just to validate ur illusions. Keep running away from buhari's failure same u who voted him in. Check when pdp ruled and now apc is ruling. What a disaster 😂😂😂🏃🏃🏃

Two clueless vegetables in power playing gamble with our economy

ednut1:
and who told you everyone sources FX from Cbn. How are importers of spare parts, electronics or even frozen food doing it 😒

JagabanB:

I crîtîcîzed Buhari's decision, that's what governance is all about.
I still crîtîcîze Tinubu's decisions even on this platform.
PDPs rule led us here.
I can list a billion errors from PDPs rule.
Make una rest ok.

JagabanB:

Yes, same way people of Anambra bought at cheaper rate when Obi was govèrñór.
Come 2027, me and my family will still kick Obi out.

peculiar2233:

You agbadorians can't even hold a conversation in a day without mentioning Obi's name😂😂 Alaye epe ti n ja e ooo 😂😄😄

Funkyswagzz:


Lol no be only error, which error pass apc? Keep deceiving urself. I remember how all of u wont let us hear word on how tinubu lagos. Just dey play!

Akwamkpuruamu:
Double edged, confused government.

The restriction aimed at reducing foreign exchange demand for products that could be locally produced, improve employment generation and conserve foreign reserves.

Your last paragraph op, negates this. Eg, Local rice goes for around 50k per bag now. Imported rice will hardly cross 35k/bag. How will the local rice factory generate employment, if not to pack up?

This importation increase will make all competing local production to just die. We lack the comparative advantage with imported goods. Just forget about production because the producers won't break even. Unemployment will increase.

The only gain in this, is that, the prices of foodstuffs will come down within the reach of the common man. As for increased foreign reserve, employment generation, na Big lie. It won't work. Local production is gone the drain

JagabanB:

I am sure u are probably a toddler who's unaware of his environment under PDP.
That's how most of u are.

SeaTrade:
You said manufacturing is dead in Nigeria,that everyone in the sector is leaving.
That's why I asked you who the CBN is trying to clear their backlog of FX demand?
I have no business with traders importing with medium scale capital as it's an almost insignificant segment of that market,even though their costings rapidly affect shelf prices of some items,but overall insignificant.

ednut1:
airlines, institutional investors, importers of pharmaceuticals and other essential goods. Etc. are you fine now

JagabanB:

And u cañ't spend 2 hours a day without talking about Tinubu.

SeaTrade:
So its airlines, FPIs, pharmaceuticals and finished essential products that own the $10B worth of backlogs CBN is trying to clear right?
Total FPI inflow since this year is just about $300m ,just to give you a little insight...

JagabanB:

Prove in court that results were changed not beer parlor talks without proof.
Proof what u are saying.
Buhari didn't come with IREV, read what we are talking about.

JagabanB:

Somehow a Nigerian thinks governance is about party, the party doesn't decide what happens, the individual called the president does.
INEC didn't force them on Nigerians, they won election that ur candidate lost.
Nîgeriàns made their choice and their choice is not your candidate.

Ogan79:

Big Lie,infact that They won the election is a big fallacy from the pit of he'll.

Dogalmighty17:
Believe the rubbish above at your peril. What business does the cbn have with the parallel market? The parallel market exists simply as a result of the failure of the CBN to make dollars available so people have to source for dollars elsewhere. The simple truth is that Nigeria is not earning enough dollars. The profligacy and wastefulness of the Jonathan and Buhari government is beginning to catch up with us. You have on the right track

The billions of dollars being stolen from this country has brought Nigeria to its knees. Instead of addressing the thieves, the APC and PDP rather chose to embark on borrowing mindlessly. These loans have to be paid back and serviced in dollars. Presently 96% of Nigerias earnings are channeled into debt servicing. Which useless and stupid CBN governor has been in charge for the past 12 years? That fool Emiefele.

There is nothing the CBN can do now. The present CBN governor is very senseless with this poorly thought out policy. There are better ways to seek harmonization of both the parallel and official market. In the first place, it is even wrong that selling of currency is even a business. That is a very fundamental failure for any Central Bank.
If the CBN can't guarantee availability of dollars in the official market then this policy is as useless as it comes. The parallel market only responds to the official market. The dollar didn't cross 1000 naira until Tinubu came up with a supposed harmonization policy. We all see what a disaster that has become.

BUHARI WAS AN ILLITERATE WITH HIS IMPORT RESTRICTION POLICIES. HE KILLED NIGERIA.
Every economy has things it produces cheaper than other countries. So it is advisable to dwell on what you can cheaply produce and import what another country can produce cheaper. Import restriction policies are failed policies. Nigeria will never be able to produce rice cheaper than India and Thailand can. Restricting imports only forces the prices of inadequate local supply to rise. Just as we have seen local rice do. Multiply this scenario across a number of other sectors and then you understand what damage Buhari really did.

The ban on poultry importation pushed so many people into poultry business. This created a huge demand for poultry feed that the feed making companies in Nigeria still can't meet with. The result, high price of feeds, which leads to high price of birds and eggs at the point of sale. The present price of a crate of eggs is twice what it was at the end of Jonathans tenure.

Nigeria has too many built-in economic efficiencies. We do not have the knowledge base for tertiary industries and secondary even. We can't drive a 21st century economy primarily on subsistence industry. Government can't keep paying lip service to science and technology and expect things should change. It is far easier to steal and which is what our political class have done and keep doing. I have nothing but utter contempt for them.

KillIgbohoN0W:
By Bamidele Ogunwusi



Source: Independent

Seefinish:
The same party that banned those products is the same party that lift the ban.
APC has nothing good to offer the country.
The two presidents INEC forced on us from APC don't have traceable ancestry and educational qualifications.

dexmond:
Nigerians should ask the government the following questions:

1. What happened to all the dollars that come into the country via crude oil sales? How does CBN handle it for the government?

2. When the formost economist Mr Boyo was alive, he spoke about how activities in the parallel market gets very active during FAAC allocation. These spike in the parallel market activities were usually driven by wholesale demand for dollar by politicians. The question is, what do politicians do with the dollars if not to store in Septic tanks or send it to offshore account.There should be a complete ban on BDC operations.

Nigerians should be asking these lines of questions.

Seefinish:
The same party that banned those products is the same party that lift the ban.
APC has nothing good to offer the country.
The two presidents INEC forced on us from APC don't have traceable ancestry and educational qualifications.

dexmond:
Nigerians should ask the government the following questions:

1. What happened to all the dollars that come into the country via crude oil sales? How does CBN handle it for the government?

2. When the formost economist Mr Boyo was alive, he spoke about how activities in the parallel market gets very active during FAAC allocation. These spike in the parallel market activities were usually driven by wholesale demand for dollar by politicians. The question is, what do politicians do with the dollars if not to store in Septic tanks or send it to offshore account.There should be a complete ban on BDC operations.

Nigerians should be asking these lines of questions.