WE MUST CORRECT OURSELVES IMMEDIATELY

All is not lost,

A serious ailment demands serious treatment. There are some basic steps that the CBN and the Federal Government need to take immediately, if the country is serious about stabilizing and improving the value of the naira. Prominent among these steps are: -

1. Ban the black market (and make it illegal for anyone to buy or sell forex except through the banks)

2. Cancel all Dom Accounts and convert them to Naira accounts. Do Americans have Naira accounts in America? So why do we encourage dollar accounts in Nigeria

We need to create value for our naira. Our currency is not the dollar but The Naira. Dollar is a mere instrument for exchange. It is not goods or services, therefore, Nigeria should not concentrate itself in the business of buying and selling dollars as is happening today.

People are now buying dollars as a 'STORE OF VALUE'. This is the worst that can ever happen to the Nigerian Naira and the economy. Rather than team with others to destroy the naira, we must jointly create value for the naira. We must resist every temptation to sabotage the naira. Because this is not normal. It is not about a fall in crude oil price. It is a collective sabotage and inefficient monetary policy management that has lingered through all these years.

Who created the black market and of whose benefit is the black market. The government should ban this market and make a law with death sentence as a penalty for any individually who deals in forex. Let’s kill them before they kill the naira AND THE ECONOMY.

Transactions are not visible in the black market. Since the black market is not minting dollars, it ought not to have been richer and bigger than the banks. The CBN and the banks should take up the sole role of managing forex in Nigeria. If someone sends you money, you go to the bank to change it, and if you want to buy something abroad, your bank pays forex equivalent for you. As individual citizens, we do not need the dollars in our hands or in our Dom Accounts.

We must correct ourselves immediately.

Comments

FEDERAL ALLOCATION TO THE TWENTY FIVE LOCAL GOVERNMENTS IN DELTA STATE IN 2023

Below Is The Federal Allocation To The Twenty five Local Government Areas in Delta State In 2023: Aniocha North: ₦2,631,989,064.8 Aniocha South: ₦2,847,788,192.94 Bomadi: ₦2,491,779,057.87 Burutu: ₦3,367,885,422.51 Ethiope East: ₦3,178,376,209.24 Ethiope West: ₦3,226,505,207.54 Ika North East: ₦3,279,681,589.37 Ika South: ₦3,117,284,050.15 Isoko North: ₦2,968,741,529.30 Isoko South: ₦3,372,633,698.8 Ndokwa East: ₦2,766,813,948.49 Ndokwa West: ₦3,108,983,376.16 Okpe: ₦2,750,960,811.06 Oshimili North: ₦2,683,889,807 Oshimili South: ₦2,890,887,684.18 Patani: ...

OBOREVWORI: How Not To Glorify A 'One Chance' Governor - By Zik Gbemre

It is appalling how, in desperation to sustain its thieving hegemony over the Delta State Government since 1999, the Delta PDP had the audacity to impose the weakest, most uninformed contender, a local champion, as Governor over a state replete with accomplished men and women of immense capacity. Given this unenviable privilege, one would have expected the fortunate placeholder governor, Sheriff Oborevwori—whose only election campaign manifesto was pledging to improve on the failed leadership of Ifeanyi Okowa, his predecessor—to engage creative minds and individuals of proven integrity to assist him in making a difference. Rather than doing the needful, Oborevwori has worsened matters by electing to engage the same spent leaders, deadwood, and gluttons that have gained prominence in running the state down over successive administrations. The result has been a government of mediocre officeholders competing to run the state for their pockets at the detriment of the populace, under a gove...

MOMENT OF HONOUR: Ughelli Agog As Ovie Omo-Agege Arrives Home

It was a day of honour for Obarisi Senator Ovie Omo-Agege, CFR, the immediate past Deputy President of the Senate, and Delta State governorship candidate of the All Progressives Congress, as the people of Delta State came together from all ethnic nationalities to collectively celebrate and honour him. The grand reception in the ancient city of Ughelli was historic, marking the recognition of a distinguished Deltan who has brought great honour to the state and its people. Obarisi, Senator Ovie Omo-Agege arrived Osubi Airport flanked by Distinguished Senator Peter Nwaoboshi, Hon. Eric Oharisi and Hon. Evance Iwhurie. The streets of Ughelli came alive with jubilation as the former Deputy Senate President and his entourage drove into town. It was a historic moment, characterized by the beating of drums, vibrant displays of cultural pride, and an overwhelming sense of camaraderie among the people. The air filled with chants of joy, and the atmosphere electric with excitement—all painting a ...

Innocent Ojefia Blog

Search This Blog