A servant of God, An entrepreneur, A strategist, A thought leader, an observer, a husband and father who is a Proud Citizen of God's Kingdom and Nigeria
In short what i am saying is that lets look into where pressure is coming and reduce the pressure from what we can do and put systems in place to reduce future devaluation. @cenbank@officialABAT
While we understand the role of the MPC; is the continuous solution to inflation and Naira devaluation increase in rates alone? What about the effects of corruption? why don't we go after that, dollar racketeering and abuse @cenbank this might be a more permanent solution.
even before they finish paying their debts to Nigerian banks they have started shipping out profits one way or the other through our porous system. is there any regulation to banks for financing foreigners for these downward value, @cenbank
what are we doing to keeping the cycle of value in Nigeria as we see foreigners doing businesses and jobs that Nigerians can do. A foreigner starts a company and ships out all the value to his fellow foreigners which is financed by Nigerian banks @cenbank
What are we doing to encourage actual base manufacturing i mean raw materials for food and pharmaceuticals are we deliberate about financing these companies. for example we import all glucose syrups and corn starch which is made out of corn @cenbank
What are we doing to encourage actual technological innovations so we can can from abroad through the financial systems and banks? Most of or startups are registered in UK and USA largely because we do not have skin in the game here in Nigeria @cenbank
Solutions has to be complete and more wholistic else we will make Nigerians suffer and still go back to square one. What are we doing to Nigerians holding dollars without a use of it or dollars been sold through illegal trade channels. @cenbank
the university should be a place where innovation is cultured and fostered putting an age ban sets us back on that. i believe @ProfTahirMamman does not have grand children or children studying in Nigeria neither do they have to look for jobs. @officialABAT should intervene SIR
hey Nigerians have you read the news about cyber security fees is this not too much 0.5% on every transactions. more hardship for the common man cos big corporates will find a way to transfer cost. curious about handling by NSA #cybersecuritylevy this is wrong. @officialABAT
this is not the better life promised to Nigerians. what is the purpose of this money NSA funds are not usually accounted for as we would love to see budget expenses for the past 8 years to proof to Nigerians this will be transparent. people are going through enough already
the question i have for @DrYemiCardoso and @officialABAT is that why are we not making it difficult through the banks to stop people that do not earn FX or import hold foreign currency. why has no Bank been fined. until we are able to control FX acquisition we are still playing
there is a simple solution to the FCY/FX problem we have in Nigeria. Sanction banks 200,000 USD daily for FX infractions that is when they aid forex speculators. Also no Nigerian or Nigerian Company should hold forex if its not a proceed of export. @officialABAT@DrYemiCardoso
even when they import it should be a naira debit should be used. all dollar deposits for imports purposes should be a the bank directly and not the customers account in the bank. This will allow for those who need dollar to have it and drive down the price.
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