Gbolly Oluwasegun รีทวีตแล้ว
Gbolly Oluwasegun
6.3K posts

Gbolly Oluwasegun
@GbollyLO
Corporate Finance|Critical Thinker|Aspiring Life Coach. Be patient. Be intentional. Be consistent. Live life with minimal regrets, if its worth venturing,try it
51.652732,-0.4054 เข้าร่วม Kasım 2009
698 กำลังติดตาม460 ผู้ติดตาม

The new thing is for @gtbank to proclaim they don’t have the funds without investigating the session ID provided to them, either the customer service agent doesn’t know what they are doing or there is potential fraud on the part of the bank going on
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@OpeYeemiii What’s her identity and what is the goal for the multiple passports other than the fact that she may need to pay three different set of taxes?!….try to narrow down on which offers the most benefits, so she is sure of her identity in the future. Good luck 🙏🏽.
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My 30 days old daughter, has a British passport, a Canadian passport and an American greencard!!!!
God is able. 🙏🏾❤️
iamopeyemi🃏@OpeYeemiii
There is no way my kids will even have Nigerian passport. It can’t even happen.
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@Chiseetiaka @Blac_Eve1 Business class ticket on BA from Cairo to London is $1,100 while from Lagos to London on BA is $9,800.
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@Blac_Eve1 If you don’t weep, you will laugh. Someone booked a Ethiopian airline return ticket from Nigeria to Kenya through a travel agent last week and it was £1400 Great British pounds 😂🤣😂. Travelling within Africa is somehow more expensive. Who did this to us? 🤣😂🤣😂
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In the middle of the night when I was struggling to sleep, I decided to check out the cheapest flight from London to the Netherlands, it was £18. I mean eighteen fucking British pounds Imao. To put it in context, Nigeria to Cote d viore is.......
1.1M naira and LMFAO that's you booking at least 10 days before your flight. Lmfaoo I just tuned off my data and continued to struggle to sleep
Let me give you another context, £18 is about 1.2 hours of work( minimum wage) in the UK. 1.1M naira is 33 months of work( in Nigeria, minimum wage), Imfaoo you have to be in the 90th percentile to earn 1.1m naira in Naija.
Cote d Viore is just 2 hours by air and LMFAO you have to save 33 months if you are a minimum-wage earner to be able to afford a one-way trip, and that's you not spending a dime out of your 33k for 33 months.
This is not me trying to be negative. The realization that Nigeria is the dead country is doing rounds on me. Shithole.
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People’s destiny are tied to your dreams - Tyler Perry. I completely loved watching Maxine’s baby - The Tyler Perry Story @tylerperry
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@harphos I swear. He really needs to stop commenting on everything. I mean he is not really as intelligent as he thinks he is. This gaslighting has been going on for just too long. How about we focus on National issues like oil theft and then let’s see if the reason is as you say.
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@renoomokri This same you that had different ideas when the Naira was stronger than the current situation against the dollar???
This is exactly what happens when you try to have an opinion on everything that happens as a Mr. KNOW ALL
#hypocrisy




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Actually, the Naira is ₦1025 to the dollar, not because Nigeria's economy is. The Naira has never been strong since the Shagari regime. In the last forty years, we have either pegged the Naira or artificially sustained its value through government-controlled foreign exchange markets.
The reason the Naira was trading at ₦150 to $1 during our administration and at ₦550 to $1 under Buhari's presidency is because the Naira was being defended by the Central Bank of Nigeria, which was artificially pumping dollars into the market to stabilise the Naira. Basically, we were giving away our foreign reserves.
Under the current system, the Naira is being floated. That means that market forces determine the value of the Naira, as it does in America, Europe and England. This will now allow us to use our foreign reserve for development rather than to fund importers.
Every major Presidential candidate, except Kwankwaso, said they would float the Naira. Let us try to be patriotic to reap future gains.
If you look at the monthly income going into the Federal Account Allocation Committee account since fuel subsidy was removed and the Naira was floated, you will notice it has increased exponentially.
For example, in July 2023, the FAAC income was ₦1.9 trillion, the highest ever in our history. To put this in perspective, a year ago, in August of 2022, our total income was ₦885 billion. By July 2023, the Naira had not collapsed to ₦1025 to $1. Please fact-check me.
If we keep paying fuel subsidies and importing, we will never have a strong and stable economy. Japan, India, Vietnam and Indonesia deliberately weakened their currencies to promote exports and local consumption, and it worked. We must make sacrifices and do the same in Nigeria, or else we will keep frittering away our foreign reserves, importing needles and toothpicks from Asia that can be made in Nigeria. And only traders will benefit. The manufacturing and service sectors of the economy will not.
#TableShaker

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