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I Have The Solution To Nigeria Problem - Politics - Nairaland

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I Have The Solution To Nigeria Problem by raystar96(m): 1:00pm On Oct 06, 2023
Going with the economic downtime that the Nation is currently experiencing ,it is imperative to say that we should put religious and tribal sentiment aside to get it right as one.The Financial segment of the country should embark on ;

Policy Reform's On FX transaction In Nigeria

For no reason whatsoever should any body maintain a domiciliary account in Nigeria. Only the bank should be the sole custodian of FX in Nigeria.if this policy is effected ,our Naira would appreciate beyond measure.

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Re: I Have The Solution To Nigeria Problem by Alchemy528: 1:00pm On Oct 06, 2023
Ok
Re: I Have The Solution To Nigeria Problem by wittywriter: 1:08pm On Oct 06, 2023
Funny OP.
The simple and effective way to strengthen Naira is for the economy to be revamped towards been more of producing locally than the consuming nature it is known for because of greedy clueless leadership.
LikeAking:


Also regulate importation..

Foreign education..


If home is fine in productivity which will cut across all sectors there will be no need for your suggested regulate process...it'll dwindle naturally.



Wittyness.

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Re: I Have The Solution To Nigeria Problem by LikeAking: 1:54pm On Oct 06, 2023
raystar96:
Going with the economic downtime that the Nation is currently experiencing ,it is imperative to say that we should put religious and tribal sentiment aside to get it right as one.The Financial segment of the country should embark on ;

Policy Reform's On FX transaction In Nigeria

For no reason whatsoever should any body maintain a domiciliary account in Nigeria. Only the bank should be the sole custodian of FX in Nigeria.if this policy is effected ,our Naira would appreciate beyond measure.



It’s will make the usd jump to 5k naira per dollar.. The effects..



Not good..


The dom account is very needful in Nigeria. It serves its own purpose.

International companies will also run away.
Re: I Have The Solution To Nigeria Problem by LikeAking: 1:54pm On Oct 06, 2023
wittywriter:
Funny OP.
The simple and effective way to strengthen Naira is for the economy to be revamped towards been more of producing locally than the consuming nature it is known for because of greedy clueless leadership.


Wittyness.

Also regulate importation..

Foreign education..
Re: I Have The Solution To Nigeria Problem by being(m): 5:23pm On Jul 27
raystar96:
Going with the economic downtime that the Nation is currently experiencing ,it is imperative to say that we should put religious and tribal sentiment aside to get it right as one.The Financial segment of the country should embark on ;

Policy Reform's On FX transaction In Nigeria

For no reason whatsoever should any body maintain a domiciliary account in Nigeria. Only the bank should be the sole custodian of FX in Nigeria.if this policy is effected ,our Naira would appreciate beyond measure.
Joker of an human being.. before u put down any suggestion , u should think of why exactly it would work and why it may not work
Re: I Have The Solution To Nigeria Problem by raystar96(m): 6:47pm On Jul 27
being:

Joker of an human being.. before u put down any suggestion , u should think of why exactly it would work and why it may not work
At least I can think of something..you what can you think of
Re: I Have The Solution To Nigeria Problem by being(m): 11:57pm On Jul 27
raystar96:
At least I can think of something..you what can you think of
U are just a comical character... I think I like your simple mindedness though. Lols
Let me now help u a little - . dorm accounts are actually in banks so d fx is in d hands of d bank in reality..
FX price is determined by demand and supply at a particular time.. the way to drive it down is increase d dollar supply by creating more avenues for fx to be gained such as increasing crude exports and other exports
Re: I Have The Solution To Nigeria Problem by raystar96(m): 6:57am On Jul 28
being:

U are just a comical character... I think I like your simple mindedness though. Lols
Let me now help u a little - . dorm accounts are actually in banks so d fx is in d hands of d bank in reality..
FX price is determined by demand and supply at a particular time.. the way to drive it down is increase d dollar supply by creating more avenues for fx to be gained such as increasing crude exports and other exports
nice one... your point are spot on..but let me sincere to ourselves.. nobody is exporting crude oil for fx because the oil has been used to secure loan from the past administration
Re: I Have The Solution To Nigeria Problem by raystar96(m): 6:58am On Jul 28
raystar96:
nice one... your point are spot on..but let me sincere to ourselves.. nobody is exporting crude oil for fx because the oil has been used to secure loan from the past administration
Re: I Have The Solution To Nigeria Problem by Iamanoited: 8:24am On Jul 28
I AGREE 100%>
Re: I Have The Solution To Nigeria Problem by Godfullsam(m): 8:37am On Jul 28
LikeAking:


Also regulate importation..

Foreign education..



They should ban foreign education, foreign medical trips, foreign luxury non essential goods etc for now.

3 Likes

Re: I Have The Solution To Nigeria Problem by being(m): 3:00pm On Jul 28
[quote author=raystar96 post=131181944][/quote]
U are not aware that our crude production was about x2 10 yrs ago.. it was 2.2mbpd in 2014 and about 1.3 now. .. serious govt will try to get it back up to 2mbd to start with... there are many other exports that can be encouraged... there is also a lot of imported things especially food items that put pressure on fx that we can actually produce here.. the govt needs to find out how they can create policies and environment to make that happen..

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