Operation Rescue Naira

[kasablings]

We all dey I his country and we de see how this dey go@Y3shot quotes the problem is mismanagement from our politician.the government are the problems they spend our money In large outside the country no investment here.there are this that should never be imported cause we are capable of handling like rice.for example look at ebonyi state can't the government invest drastically instead of we importing rice with dollars we do everything here and buy from our own productions.even the politicians, government will no want to rescue the naira because you go spoil there money laundering business.

[Promocodeudo]

The problem of the fall of dollar is not because of citizens dealing with foreign currency or cryptocurrency, this is not why naira is lossing value . The problem of the fall of dollar is due to mismanagement from our politicians,  looting of money. This has been the problem of the economy. No investment in the country but we depend on importation.  The crude oil that we have , normally it is something that is supposed to be refined here and politicians steals plenty money in the process of sending it out to be refined.

I agree with you on this point you raised here, our leaders lack leadership qualities and they don't know what to do in other to help the sinking currency called naira, how many local content signed by the government is been implemented, I tell that there is none, how will you invite a foreign construction company to handle all the construction in your country and most raw materials that you even have here are imported so what do we expect in this aspect, many hotel here receive their payment in dollar where does that happen, it is a problem, naira value is nothing to right home about, Nigeria government poor economic policies is the reason for our currency downtrend and less value.

[7juju]

This government knows the actual cause why our currency is depreciating on a daily basis and they have left to address the main issues and start chasing shadows. Fix our refinaries, build more industries, make good economic policies and see if the naira will not gain value against the dollar. I don't see how dollars in domiciliary accounts are contributing to the fall of naira. Things became so bad the moment the fuel subsidy was removed, that's to tell you that this country is in desperate need of refinaries so that we can process our crude here, to lower the cost of transportation which has drastically affected the price of everything in this country. To me cracking down domiciliary accounts won't be of any positive effect to the naira.

[Moreno233]

What I noticed in all these is that our government are confused, without any idea of how to rescue the economic decline and Naira free fall. I say this because it has become clear that some of their policies do not make any positive impact on our economy rather it worsen the situation. How can you increase import duties by 43% and expect it to scatter the economy in a country where we import more than we export. We are not even talking about border closure and the restriction of FX access to people doing businesses in many categories.

Now this one! They have succeeded in discouraging diaspora remittance that was our major source of dollar. I think it is even good news for crypto because people are increasingly looking for alternatives and cryptocurrency is the new darling in town. Crypto such as USDT and BTC have been trending in X for a while now ever since they made this announcement.

[DaveNeck]

Because of how our naira falls yakata to dollar over the years up till now, some of our Nigeria citizens don turn am to be business wey dem go open domiciliary accounts ordinary with the agenda of storing up dollars for profits nothing more. Although we get genuine Nigerians wey d store up dollar for personal reasons best known to them.

Because of the huge amount kept in a domiciliary account by Nigerians, ranging from about 30 billion dollars, the Tinubu government wan look into am. To know wetin the sub for that area of why Nigerians d like open a domiciliary accounts for banks. Whether na for salary payment, foreign exchange revenue, or for individual purposes. This situation must be addressed says our minister of finance, Wale Edun

The thing now become sae(the idea wey d FG come up with) the moment wey your dollar money drop for your domiciliary account, the bank go automatically change am to our local currency, equivalent to naira value to dollar at that time, and banks are go credit to your bank account immediately in naira.

Wetin be una take for this matter wey d FG come up with, concerning domiciliary account?

As for me na for peso to move em funds from domiciliary account to trust wallet after you don convert am to USDT.

I sae make I drop this information for here cos I believe sae em go be of help give many Nigerians.

My thoughts is that, this shouldn't be the government problem, instead they should focus on providing the right equipment for every facility in the country, by so doing creating jobs for citizens to prevent Japa

Why do our government always focused on things that wouldn't benefit the Nigerian economy rather of there selfish interest. It might surprise us to know that move by the government is just based on a selfish reason

There are so many things of economic relevance and importance that the government should focus there energy on not some of this things that does not improve the Nigerian economy

[MainIbem]

What i just understand about Nigerian government be say if them wan start to wicked her citizens them go first do the things the way e go favor them so that e no go affect them, see before them accept to dey do all these things them don already go create foreign account wey no attached Nigerian bank moved all their funds down there before them start this operations, so if anything happened now e no go affect them okay make i shock you. Do you know that almost all the top politicians has account with one of those foreign countries where they send their savings so that you and I can't discover how much dollars they have in their possessions.

So e dey very easy for them to start frustrating the innocent Nigerian wey dey try to survive with just this little dollar increase, since dem no gree create work opportunity for us. Tinubu wey we know spend money for hard currency during him campaign in fact almost all the people wey come out as presidential aspirant spent in dollars now dem wan victimized her citizens.