sulaak:




Nigeria is already in a dollar crisis, despite the diaspora dollar remittance.



Poor governance and large dollar loans by the present government has place Nigeria in a precarious position of needing dollars to pay for oil subsidies and the growing debt liability.

Under Iweala stewardship, majority of the debt were in Naira. Due to the ongoing Naira devaluation in Buhari government the Naira debt is too expensive, hence this government has no choice but to take dollar debt , but Nigeria barely earned $20 billion last year.

cococandy:
I never asked you to explain this. Lol.
Has nothing to do with my post .

thebosstrevor1:
They can hold it.

Let them continue to deceive themselves. Na their families go suffer.

If Nigerians abroad truelly send 29 billion dollars, we wont be in any dollars crises even if the price of oil falls.

In 2019, Nigeria oil revenue was $64.9 billion, so this people abroad are telling us that they send almost half of the country's oil revenue. What a joke.

Infact oil and agriculture are the bulk of Nigeria's revenue, not diaspora remittance.

Simplyleo:

I still don't understand what kind of threat this is.

Are they sending the dollars to Nigerian account or to their families?

Just like a man threatening to stop taking care of his family for whatever reason.

They can withhold their remmittance, maybe so buhari will die of hunger.

Whatever benefit Nigeria stand to gain from the remmittance can go to blazes.

Nonsense and ingredients.

Vaughanlanrewaj:
Withhold What? It Just doesn't make sense. In fact, they are now putting themselves and their families in jeopardy.
They should have just gone to court. If they are repatriating $23B annually, Tivland should have been small Lagos now.
It is so childish and ineffectual.
Don't they have Senator who can even liase with Wase and sort the grey areas?For latest freestuffs,please visit www.freestuffsng.com

omonnakoda:



How is Buhari government a corollary of Iweala stewardship? Was Iweala ever the president of Nigeria?


The reality is Obasanjo as president paid off a substantial foreign debt burden?
This debt started to rise again under Goodluck Jonathan. As it were Iweala was the same Finance minister under Jonathan who was borrowing to pay salaries in 2015
Iweala was appointed as Minister by Jonathan in 2011. Her first budget was tinged with subsidy scandal after the infamous New Year gift of increased petrol price in January 2012

Gbagbuo247:



And what so special about Lagos?

Is it the traffic congestion

Dirty environment

Or the over population thus leading to pollution all over the place,

Just drink water Lagos is overrated

Golan007:


What does that have to do with an obscure group claiming to speak on behalf of diasporans?

thebosstrevor1:
They can hold it.

Let them continue to deceive themselves. Na their families go suffer.

If Nigerians abroad truelly send 29 billion dollars, we wont be in any dollars crises even if the price of oil falls.

In 2019, Nigeria oil revenue was $64.9 billion, so this people abroad are telling us that they send almost half of the country's oil revenue. What a joke.

Infact oil and agriculture are the bulk of Nigeria's revenue, not diaspora remittance.

Gbagbuo247:



And what so special about Lagos?

Is it the traffic congestion

Dirty environment

Or the over population thus leading to pollution all over the place,

Just drink water Lagos is overrated

thebosstrevor1:
They can hold it.

Let them continue to deceive themselves. Na their families go suffer.

If Nigerians abroad truelly send 29 billion dollars, we wont be in any dollars crises even if the price of oil falls.

In 2019, Nigeria oil revenue was $64.9 billion, so this people abroad are telling us that they send almost half of the country's oil revenue. What a joke.

Infact oil and agriculture are the bulk of Nigeria's revenue, not diaspora remittance.

Excuses:


Ur comment reflect bigotry, hatred and sentiment. Let me guess ur a Yoruba man. because an average Igbo or Hausa hardly insults other tribes. No culture, Religion, Race, is superior to another. But here in Nigeria idiots like you have the concept of first class citizen. If you think the Tiv in Benue are an obscure group, what has a dominant group like yours done meaningfully to tackle the menace caused by fulanis. Each group in Nigeria has a right to be heard..

Weda Igalas, Igede, Igbira,Urhobos,Idoma,Hausa,Igbo,Okun,Nupe,Gbagyi,Yoruba,Tiv. The concept of inclusiveness without sentiment or preference to superiority in terms of number is our only way out together..

thebosstrevor1:
They can hold it.

Let them continue to deceive themselves. Na their families go suffer.

If Nigerians abroad truelly send 29 billion dollars, we wont be in any dollars crises even if the price of oil falls.

In 2019, Nigeria oil revenue was $64.9 billion, so this people abroad are telling us that they send almost half of the country's oil revenue. What a joke.

Infact oil and agriculture are the bulk of Nigeria's revenue, not diaspora remittance.

Tolexander:
Please o, don’t withhold it o

This is what has been sustaining many of us in Nigeria, since the How To Join Telegram Channel politicians have decided to withhold our commonwealth, spending it outside the country.

To those saying why the threat, aren’t they sending the money to their family?
If the money is sent to their families, are their families keeping the money?

What you don’t know is that the money sent to their families and assets acquisition in Nigeria have surely increased the percentage of cash flows in Nigeria

sulaak:


Iweala was Finance Minister between 2011-2015. during her time loans was in Naira.

Under Buhari government and his esteem minister Zainab or something debt is in dollar at the same time Nigeria FX earning is less than $20 billiomn

linearity:


Majority of the foreign remittance goes to fund projects in Nigeria like buildings, farming, etc....these projects in turn provide steady employment for millions of Nigerians and putting food on their tables.

So they don’t need to stop remittance to their families, just pulse those projects and Nigeria economy will feel the impact.

And don’t under estimate the importance of these remittance to the Nigeria economy. Even CBN recognizes these importance hence they launched their Naira-for-Dollar program to attract more foreign remittance by giving N5 for every $1 remitted.

thebosstrevor1:


Do you use glasses or are you blind?

You are fond of posting articles that does not agree with your points.

Pls read the article again, the results was written as Unproven.

You have data and use a smart phone but you are not smart.

dre11:
Nigerians abroad threaten to withhold $23b remittance over Wase’s remarks, demand apology
https://m.guardian.ng/news/nigerians-abroad-threaten-to-withhold-23b-remittance-over-wases-remarks-demand-apology/