ProjectsCityNG:





Perhaps you should work on your own intuitive and comprehension skills first. You didn't read to understand that I simply said, before arresting foreign missions or giving them orders, first tackle dollar use domestically and leave foreign missions alone.



Next time stop acting after thibking thru your emotions, woman man !

Like i said again, you need to have sense to know that if the can do their part right dollar will automatically phase out of the Nigerian economy. the same useless government that are selling their crude in dollars, the same government people that are charging for VAT on goods and services import duties in dollars are the same people telling schools and embassy who deal with foreigners not to accept dollars. una ehnn.. Hypocrisy with you guys are 5&6.

Putindbutt:

And your stupid fake news is the reality?, that we do not have loan obligations?. fat slowpoke.

The reality is the Naira started dropping against the dollar when the allegation of using the the foreign reserve to rescue the Naira was made. True or false?

If you don’t agree, you can go and die, I don’t care 🤷🏼‍♀️

fxexperts:
Like i said again, you need to have sense to know that if the can do their part right dollar will automatically phase out of the Nigerian economy. the same useless government that are selling their crude in dollars, the same government people that are charging for VAT on goods and services import duties in dollars are the same people telling schools and embassy who deal with foreigners not to accept dollars. una ehnn.. Hypocrisy with you guys are 5&6.

Trying to sound woke. Abeg run along. I'm busy kid

Idaytesj29:


Thanks jare.
And if any business chargs me with dollar, I will just take all info I needed and head to EFCC straight. We cannot continue like this and not everyone go Japa. We need to fix outlr country ourselves. Even if we Japa, we go still come back home at some point and meet the mess

What about Nigeria Customs that charges in dollars?

fxexperts:
I swear they are worst than hypocrites. and i don't know what is wrong with some of these NL who are supporting their devilish policies.

So if i get you right you said the EFCC can stop foreign embassies from accepting dollar for visa service and co in Nigeria, and Nigerian embassies can accept Naira in our embassies abroad. do you guys even think before you say these things.
For one a US citizen who wants to do business with a UK embassy in the US will have to pay them with British pounds he doesn't need to visit any BDC to get the POunds, but his dollar debit or credit card will do the payment and conversion for him. but your useless government has since block out Naira master and visa card from paying for any foreign service and you do not want people to go source for dollar themselves. imagine it we by ourselves deleted our currency from making global payment through our debit's cards where all the countries' currencies are present, and we still have to boldness to be chasing shadows.
If the useless EFCC ad CBN are serious the only way they can cure this dollar in our economy is to allow for our debit cards t be able to make international transaction. imagine we just imposed sanction on ourselves by our useless government.

Better stop talking too much is not good for your health.

I said Naira is OK here on Nigeria but in foreign countries the country legal tender is OK as Naira is OK here.

Go and read my comment again OK. How can I be so stupid to tell an America in his country to pay in Naira.

SSpeter:
What about Nigeria Customs that charges in dollars?

They should also stop. That's double standard. All reciept within the borders of Nigeria should be in Naira.

Idaytesj29:


They should also stop. That's double standard. All reciept within the borders of Nigeria should be in Naira.

and the oil companies too, should all remit in Naira?

ProjectsCityNG:




Trying to sound woke. Abeg run along. I'm busy kid

Their usual antics. i guess you have nothing more to say. dumb like a normal agbadorian.

[quote author=Ogeneigbo1 post=129897131]This is a great move if sustained.

Anyone against this decision don't actually know what he or she wants for Nigeria.

Another one should be mandate banks to start serving their customers with foreign transaction needs without asking them to buy dollar from BDC .

Open up all blocked channels so that customers can pay equivalent with their naira cards.
quote]What about Nigeria Customs that charges in dollars? Should oil coys also remit Naira

Idaytesj29:


They should also stop. That's double standard. All reciept within the borders of Nigeria should be in Naira.

that is the hypocrisy of those useless lots na. we are being ruled by the dumbest among us, that is why we are where are today.

Navalsadiq:
They should flow the Russia china agreement

You see in life when you prove stoebornnand try to be storborn,the challenges of life will compel you to do what is right when things get out of hand

is it the China that has the largest dollar reserve or another China?

[quote author=SSpeter post=129901503][/quote]

you have raised a very vital point. everyone is watching..

Nigerian Customs cannot be collecting duties and levies in dollars, its a big crime ..

but with this directive ,lets see what happens.

you have raised a very vital point. everyone is watching..

Nigerian Customs cannot be collecting duties and levies in dollars, its a big crime ..

but with this directive ,lets see what happens.

[quote author=SSpeter post=129901503][/quote]

Years of inaction and neglect has bade an hydra headed problems! As u are cutting one u see more to cut!

The govt should sustain the tempo and look at all unconventional inflationary causes bedevilling the country! If need be use underhand methods.

.

iLoveYouToo:


All funds NOT in domiciliary accounts are naira.

I have fam outside Nigeria, they still operate their Naira accounts, what are you saying ?

Ask those fam of yours if the will be willing to pay for service in abroad with naira or the host countries currency. lets assume they want to renew their Nigerian passport there in the UK. i can bet you all will choose to pay with their foreign currency unless there is discount for using Naira to pay. do they earn naira there or they convert their ponds or dollars to naira so they can be able to send funds to their loved ones in Nigeria. to start with their debit card will not work their unless you want to take a Nigeria POS machine over there. why must i convert dollar to naira and probably lose some amount for charges and commission to be able to make payment i can do by just pay with dollars with the conversion where i will not lose anything.

Ogeneigbo1:

you have raised a very vital point. everyone is watching..

Nigerian Customs cannot be collecting duties and levies in dollars, its a big crime ..

but with this directive ,lets see what happens.

...and oil companies in Nigeria Should also remit Naira?

CheapHomes1:


if they are short of ideas, why were they campaigning and fighting to be in government? if they are short of ideas, then which work are they doing that warrants the salaries, estacodes and freebies they are enjoying?

which ideas have you offered?

My brother that's Politics for you in whose only objectives is to be in Power...A fool idiot could attain Political power of he plays it either dirty or clean

Amotolongbo:
The reality is the Naira started dropping against the dollar when the allegation of using the the foreign reserve to rescue the Naira was made. True or false?

If you don’t agree, you can go and die, I don’t care

What is this illiterate talking about?, we have $32billion in reserves, do you think govt cares about your empty noise?. CBN was selling dollars to banks and BDCs, not giving them for free. illiterate blockheads.

fxexperts:
Ask those fam of yours if the will be willing to pay for service in abroad with naira or the host countries currency. lets assume they want to renew their Nigerian passport there in the UK. i can bet you all will choose to pay with their foreign currency unless there is discount for using Naira to pay. do they earn naira there or they convert their ponds or dollars to naira so they can be able to send funds to their loved ones in Nigeria. to start with their debit card will not work their unless you want to take a Nigeria POS machine over there. why must i convert dollar to naira and probably lose some amount for charges and commission to be able to make payment i can do by just pay with dollars with the conversion where i will not lose anything.

If the reverse were the case I’d buy into your view. It’s cheaper to pay in Naira , these people aren’t charged black market rates. Some have savings in Naira accounts

who made dollar the universally accepted currency for trading in any country?

is only in Africa that we see these things happen. even in some African countries they don't do it, they use their local currency.

in other countries of the world , they have their currency and they use it to trade locally.

yes, you can pay equivalent anywhere in the world. but you don't use another man's currency to trade in your own country ..

SSpeter:
...and oil companies in Nigeria Should also remit Naira?

Why should individuals working in Nigeria be paid in dollars on no account should they be paid such .... including the oil workers is totally wrong...
Until we love this Country we would continue to hurt her because of our selfish ego .....
On no account should anyone be paid in dollars within the territory of Nigeria by Foreign Multinationals.....
Let's buy a Leaf from Russia how they survived sanctions....All gas trade it's in Rubbles you don't have to go to STRIPE to obtain dollars you must buy their gas in Rubbles....
If we truly want to become great nation then work up Nigeria to become self sufficient.....Stop white elephants project we've been doing this for too long we need to transfer Capital to people to become Globally Competitive.... That's the sacrifice we have pay to bequeath a nation suitable for our unborn Children and their children to Come ....Any Leader still thinking bringing Road projects without economic stimulus on the Growth of the people is deceiving him or herself

Nigerians have common sense when it comes to their PERSONAL interests. Nigerians will continue to transact in dollar until a free float of the naira is implemented. And there's nothing the EFCC can do about it.

Good Luck to Nigeria.

SSpeter:
and the oil companies too, should all remit in Naira?

Oil companies are multinationals,in Nigeria but doing transnational business. Their dealing with FG is not basic transactions of daily needs or people normal everyday, weekly spendings. They are operating international business thus it should be in dollars.

This is long overdue

Support this 100%

Addressing naira depreciation requires a multi-faceted approach. While mandating the use of naira in financial transactions can help stabilize the currency to some extent by increasing demand for it, it's just one piece of the puzzle. Other measures such as fiscal discipline, monetary policy adjustments, and strengthening the country's economic fundamentals are also essential. Additionally, addressing underlying issues like corruption, improving investor confidence, and diversifying the economy can contribute to long-term stability.

Putindbutt:

What is this illiterate talking about?, we have $32billion in reserves, do you think govt cares about your empty noise?. CBN was selling dollars to banks and BDCs, not giving them for free. illiterate blockheads.

Continue exhibiting your delusion. See how the cretin is talking as if he is the treasury janitor who knows what comes in and goes out.

Yeye de smell...how will they pay expatriates their money

Amotolongbo:
Continue exhibiting your delusion. See how the cretin is talking as if he is the treasury janitor who knows what comes in and goes out.

If you're so dumb to follow up on statistics about the economy, you can continue to rot your life away on nairaland to depend on secondary junks, lazy slowpoke

Putindbutt:

If you're so dumb to follow up on statistics about the economy, you can continue to rot your life away on nairaland to depend on secondary junks, lazy slowpoke

What statistics?
What is the source of the data for the statistics?
How reliable is the data?
What reasonable human being takes the stat serious in Nigeria when the President already said “na statistics we go chop?”
Honestly, your head is so empty, even air no dey there.

Powerhouse5050:


You lack basic comprehensive capacity.

EFCC mandated Nigerian foreign mission to ACCEPT.

To accept does not mean they wouldn't accept the host country currency, rather they would have to start accepting Naira and host country currency.

Your rush to criticize great development shows your lack of reasoning objectively.

Oga go and sit down. Which nigerian holds naira abroad.
So what does " they mandated the nigeria embassy to accept naira" sounds to you.