Oghene86:


All those Mallam for road will do all these ?

Give me 5...LOL

fergie001:


SOURCE

Haha, these people are not serious, all these policy will being down the rate of dollar doe weeks, then the price will shoot up again, while slowing business activities drastically. Importers of raw materials will find it difficult to import which will drastically affect the GDP and employment in general.

They know the right thing to do, but will not so it.

watch the retun of black market...blacker than before. Because if people need to go take care of their health or pay their child's tuition abroad, they will do all they can to get dollars, demand will soon put pressure on supply now.

These idiots should coordinate economic policies across all agencies of government towards supporting production of things that can be exported

With this policy, expect scarcity. Expect further depreciation of the naira.

Didijiji:
WE WILL NEVER FORGET



in 2012, a gang of Pastors, Politicians and Professors occupied Ojota in protest against our future (as at 2012). Now we are reaping the bitter fruits of that evil move. They carried the picture of an innocent man in a coffin because he is from a minority tribe.

Little did we know that a few years later, these class of rogues will be handed power to rule and fix what they protested against. During campaigns, they made banners all over Nigeria asking if $1=#216 is okay? Years later, none of them is able to come out to speak or apologize.

They have all gone deaf and dumb... I remember one of them saying fixing power is not rocket science.. He was made a minister and he ended up messing up his career

All i have to say is that NATURE WILL JUDGE ALL OF YOU. I would have mentioned God but that will be belittling of the Almighty and bringing him into a case of men with NO SHAME AND INTEGRITY. Now you are cautioning against protest.. Where lies your conscience? Are things not 10 times worse than it was in 2012? Why are you not on the street if you have integrity and meant well?

NIGERIAN AND NIGERIANS DESERVE AN APOLOGY

IPOB OBIDIENT weyrey, rest!

IkeAnumudu:



IPOB OBIDIENT weyrey, rest!

Your papa follow protest for Ojota shey

Hypocrites

[quote author=yinkus6750 post=128659272]The BDCs knows how to go round all this policies
We really need to reduce the demand for foreign exchange.[/quote

Respect the North....
They know how to protect their interest.... ;
We need to wake up in the South ...

tonicyril:
Did u read the part where ur documents for the purchase will be presented??

Bros forget ...
all these documentations stuff...
It has been in existence back in days...
Those bankers in FX sections know their ways around it ....
Back in the days ....they used to sack all the staffs
in that unit for FX issues...

Didijiji:
WE WILL NEVER FORGET



in 2012, a gang of Pastors, Politicians and Professors occupied Ojota in protest against our future (as at 2012). Now we are reaping the bitter fruits of that evil move. They carried the picture of an innocent man in a coffin because he is from a minority tribe.

Little did we know that a few years later, these class of rogues will be handed power to rule and fix what they protested against. During campaigns, they made banners all over Nigeria asking if $1=#216 is okay? Years later, none of them is able to come out to speak or apologize.

They have all gone deaf and dumb... I remember one of them saying fixing power is not rocket science.. He was made a minister and he ended up messing up his career

All i have to say is that NATURE WILL JUDGE ALL OF YOU. I would have mentioned God but that will be belittling of the Almighty and bringing him into a case of men with NO SHAME AND INTEGRITY. Now you are cautioning against protest.. Where lies your conscience? Are things not 10 times worse than it was in 2012? Why are you not on the street if you have integrity and meant well?

NIGERIAN AND NIGERIANS DESERVE AN APOLOGY

President Jonathan was a coward. Don't blames those old wicked and selfish men protesting against the decisions of a seating president.

Blame the president for his failure to stand his ground and implement his policies.
Jonathan should be the one apologizing to Nigerians for allowing APC to mess up Nigeria.

COMPAQ:

Cant those be easily faked? Who will verify it at point of sale

You will fake a stamped passport page?

Godfullsam:


President Jonathan was a coward. Don't blames those old wicked and selfish men protesting against the decisions of a seating president.

Blame the president for his failure to stand his ground and implement his policies.
Jonathan should be the one apologizing to Nigerians for allowing APC to mess up Nigeria.

You may be correct but his ambition is not worth the blood of any Nigerian

Akwamkpuruamu:
I support this but our politicians will circumvent it

It was not made for politiefcians in first instance.

Cmeo:
Good, if it would be strictly enforced and applied across board

Across board

Tell that to bola Tinubu and other politicians who were Sharing dollars on election day across the country.

You can deceive yourselves but can't deceive everyone.

hosemujica:
Now we are talking. Target the haj and Jerusalem globetrotters too . The country should not be paying for individual luxuries.

School fees and medical bill payers should source their $ elsewhere, all of them.

What we paid for school fees in 10 years is just a single loan that a politician move with a signature.

Even this inflation is partly common Nigerians paying for past government loot.

Anyone that earned in naira then convert it to dollars in order to pay a useless school fees, please just leave them alone. They earn the right to pay for the useless school fees "e no eazi".

fergie001:


SOURCE

Waste of time. Closing and stopping Black market BDC is the solution. Let only recognize banks do the exchange

All these going to abroad to school in foreign universities and go for medical treatment abroad is the cause of this dollars rising everyday and naira losing value...let value and patronize what we have in this country....is not everytime abroad abroad abroad, foreign things,foreign universities and hospitals..if nigerians reduce the way they travel to abroad to attend foreign universities and go for medical treatment the dollar will crash and the naira will have value, appreciate and strengthen against the dollars

Oghene86:


Mumu Mallam for road side will do all that stated by CBN or na floater dey your brain, just as dull as CBN handlers

If they don't have the requirements and will to do it then let them face whatever problems the fg may give them...stop talking like ur father here

tonicyril:
Did u read the part where ur documents for the purchase will be presented??

So what? Just bribe everybody. this is Naigeeria!!

Can someone explain this in lay man terms to me please? I have being finding it quite hard understanding Tifnubu's government policies lately.

Oghene86:


All those Mallam for road will do all these ?

No mind dem! Yeye policy! Mallams will just bribe their way through the whole rubbish policy.

faceland:


What we paid for school fees in 10 years is just a single loan that a politician move with a signature.

Even this inflation is partly common Nigerians paying for past government loot.

Anyone that earned in naira then convert it to dollars in order to pay a useless school fees, please just leave them alone. They earn the right to pay for the useless school fees "e no eazi".

No one is stopping you from paying your school fees but buying some government rate means a farmer who can’t afford to pay $10000 in school fees is subsidizing your fees ,that’s not fair. Source your $ Aboki government should sell her own $ on the black market and use the money to do what government does. Roads, security, safety administration and other necessary things subsidizing the rich is not part of it .

Even in western world college education is optional, high school diploma is the basics of education, whoever wants the luxuries of higher education in the west should pay full money it.

Only happens in Nigeria, good thing they are beginning to figure it out. Any subsidy that an average Nigerian can’t benefit from like ; fuel , gas , electricity and food is not a subsidy but appeasement of the rich.

Again I’m happy they are looking into this if not $ will kill naira in no distant time.

tonicyril:
If they don't have the requirements and will to do it then let them face whatever problems the fg may give them...stop talking like ur father here

I just leave because you are a Lordly, if not I for give wotototo

Oghene86:


I just leave because you are a Lordly, if not I for give wotototo

Na u dey first call person mumu unreservedly

My questions is how much is Government rate?

How much is Government rate?

Cmeo:
Good, if it would be strictly enforced and applied across board

How? If u go sabo go change money, cbn go dey there dey monitor u?

tonicyril:
Did u read the part where ur documents for the purchase will be presented??

Aboki wey go use documents wrap suya.

This is a meaningless policy that can't be enforced. Why do we need BDCs in the first place when we have a functional banking system?

BigDawsNet:
10k not bad... Will cover deposits for school

10k is too small.

These people are not serious and their law can't work.

As at 2011, Doing a degree in Medicine in University of Ghana for a foreign student was $10,000.

So, how would the student get the rest of the money since school fees in most schools in UK for masters is above $20000?

tonicyril:
Did u read the part where ur documents for the purchase will be presented??

So, this will only make matters worst in black market unless government will sell directly to end users but what will happen in case where someone needs $30,000 and can only request for $10,000 highest, the person will have to reach road side Mallam to buy more and they will sell higher since it's not easy acquiring dollars...

Matter will get worst, only way forward is to cancel out BDC and let banks take over FX fully ,and anyone who needs higher amount of $ will tender documents to back the dollar request. If not, BDC will still hoard it and sell higher to end users...

ufotunang:
All these going to abroad to school in foreign universities and go for medical treatment abroad is the cause of this dollars rising everyday and naira losing value...let value and patronize what we have in this country....is not everytime abroad abroad abroad, foreign things,foreign universities and hospitals..if nigerians reduce the way they travel to abroad to attend foreign universities and go for medical treatment the dollar will crash and the naira will have value, appreciate and strengthen against the dollars

If you were to be rich and you need medical attention, would you prefer to get treatment here or get it from a very good hospital in abroad?


Attending schools, hospital and co in abroad isn't the cause of hike in dollar to naira, there's no way people will stop demanding for dollars in the country, so many things are being imported into the country with dollar...

Government just need a proper policy to track dollar usage in the country.

Cantonese:
With this policy, expect scarcity. Expect further depreciation of the naira.

Exactly, things might get worst with this policy, this government is clearly clueless and just doing try and error policies.

If this didn't turn out the way they want, they switch to another policy.

The last time cardosso made a statement, he said to run the Apex bank isn't easy, it's not easy for him cox he's a dollard, he should let a competent person take over if he's unable to critically think of a good policy...

Tap0lane:
Are you all Igbos or why are you wailing over news to reduce Nigeria dependency on a foreign currency ?!

This cannot reduce dependency on FX, there's no way government can reduce dependency on FX...

You need to understand this, they can only make sure this dollars doesn't get to the wrong hands that will sell at higher amount to end users, people will forever request for dollars for all foreign transactions.

Let banks handle all FX and rule out BDC, nobody should patronize BDC for FX, if you need $100k goto bank and tender reason for that amount, and they should be able to give you if after investigation proves what you needed it for us genuine...