Topic: Naija Novice Hangout {Newbies introduction & Orientation} Thread. - page 16. (Read 724002 times)

E dey even be me like say na the counter go first plenty pass the original one. Person been dey clear me say e been dey public transport where person bring out this money to take pay Bus conductor, the conductor nor gree accept the money from the guy, e say make the guy give am the money wey e know. Things dey bad for our side and everybody dey dey careful make dem nor chop am mugu, I nor too blame the conductor. If nor be say dem go cancel that old design kpatakpata comot from use, many people for nor dey gree accept this new notes.

welcome on board my brother, we hope you enjoy your stay here and I like am as you sabi road come house not bad if you get any question or challenge you fit bring am come here my ogas they here to be of help and please always follow the forum rules to be on a safer side once again welcome to the nigeria local thread we they hope for board one day sha, all na time but we g reach there.

Honestly eh, this country is just messed up. We have a judiciary that is not independent. We have EFCC that is being used by some top politicians to intimidate and harass people who do not bow to them, we have the DSS that is just in bed with government and also been used by them to carry out their witch hunting. All these folks are the enemies of the state. And the funny thing is that they have all these guys at their command to do their bidding at a moment's notice. Even though I am not a huge fan of oga Meffy, what has DSS go to do with. Why is it that it was as soon as he did this monetary policy thingy that he automatically became a "terrorism financier"?

The cashless policy is taking effect gradually, but the e-naira is not a responsible channel that can help further because it was not planned to enhance inclusivity. Have you noticed the charges on the app? It's exploiting, CBN did not get it right with that, such an app is supposed to transfer for free between users, or with a ridiculously low amount of money to encourage users.

Also, the CBN cashless policy will help in checking a lot of things, but the defacing of the Naira note is not part of it. However, this may only reduce because the currency will still be in circulation with the N20,000 daily limit and a whole N100,000 limit, so many would still deface it with the little they have in their possession.

I wish they (corrupt people) will let the cashless policy come to light as politicians are now using every means to fight back. Can you imagine Emefiele being labelled terrorism financier in a lawsuit? They are using DSS to perpetrate this with every opportunity to oust this guy due to the policy targeted against corruption amongst others.

Source on Emefile's part: https://punchng.com/dss-plotting-to-frame-emefiele-group/

As i see dis ur talk eh, na jst to laff dey my body becus, if you ask me, dis our new notes no go survive am. D note jst be lik somtin way way use inferior material make, dem jst use ink dirty our old money con call am new notes.

Bt na waa 4 Nigerains o, watin nevr circulate go anywhere, e nevr serve 4 at least 1month cef nd e don be lik dis! Anyhow I be, we go stil use am buy somtin nd I hope say, dis deee reason 4 new notes go materialise into better 4 every persn. I nevr still see am shah abi I jst dey withdraw from POS nd POS pple dey withdraw from bank so, e suppose don many at least.

I go still add say, mak una dey careful o. D counter go don dey circulate as well.

Ops I bolded some words and sentences in your comment to point out some inconsistency in your use of words, and from the look of things, it seems you are mixing up things here I will advise you to take your time to read more on some terms before using them. Such as you saying e-naira which is a CBDC to run on a decentralized exchange which is in no way possible, even the E-naira is not blockchain-based, talks more it being decentralized when it is created by a centralized institution like the CBN. The point I was waiting for and expecting your contribution on was, the extent to which Nigerians have integrated the e-naira into their banking system and the percentage of usage and accessibility of the e-naira by ordinary bank users in Nigeria. Mentioning End sars has nothing to contribute to this discussion after all donations during the end sar were not accounted for since it was done using a decentralized currency BTC and other cryptocurrencies like Ethereum which make it hard to trace its origin or amount donated, End star has nothing to do with Bitcoin growth in Nigeria unless we the genuine Bitcoin users want to mingle our self with the criminals corrupt politicians and yahoo boiz in Nigeria who sees Bitcoin as a safe haven for their illegal money laundering.
Any one that was deeply involved in the End sars will know by now that the process was corrupt and just a few set of people embezzled the funds and it not ordinary that some of them their accounts were blocked after the end Sars protest. In fact the negative impact of the end of SARs was deeply felt when Twitter was a banned in Nigeria for almost a year, and I hope you know End SARS protest started from Twitter, and even the then twitter CEO made some bitcoin donations to support the struggle, the point is trying to make is Bitcoin in Nigeria should not be seen or treated as an exit from legal monetary transaction or money for the dark net but Bitcoin should be seen as an alternative to the Naira and every process should be followed in using both currencies but one can not exit without the other, Bitcoin can not be used for a daily transaction unless it gets exchanged into Nigeria before we can use it for payments.
Another point to note is, Satoshi did not mention youths as the targeted audience for bitcoin, but a general alternative currency for all ages, but because of unemployment, Nigeria youths have picked cryptocurrency as a way to be financially independent and trading has been the major legit source that made cryptocurrency trading volume high in Nigeria I could have mentioned this forum as another legitimate means of earning cryptocurrency BTC but we have lower percentages of Nigerians on the forum to make up for any number.

My broda,u r welcome to our local board,e good as u come identify yourself with us,na with our two hands na e we take welcome you.This board na nice place wet u fit ask any crypto related issues wey u won know as we get our big oga dem wey go tell you wetin u won know.

Take your time read more and make u no go do copy and paste work o becos this one na the number one offense for the forum wey go lead to permanent banned. E no easy to rank up but with God everything dey possible so make u take your time study and make research on your own to help you grow.

The cashless policy will be unable to do very much right now, unless you can say a greater percentage of persons are full users of the e-naira app and acceptance of CBDC for trade and other commerce.
Awareness campaign adverts on newspapers, TV, magazines, radio, Internet and word of mouth approach can help sensitize individuals on the way and manner to respect the national currency no matter how undervalued it is right now, also it will help the misuse of the naira notes to be curtailed.
True true, it remains fact that people only give respect to what's more important on the hour.

We will continue to cry out about this careless behaviour from Nigerians but without strict and well monitored rule it will still be occurring. I once heard of the government passing this law for punishment against money squeezers but it never got approved by the House members maybe because they are all victims of same circumstances.
Sincerely its disheartening seeing how Nigerians rubbish the country properties even physical amenities like roads are been treated badly. You see people dumping refuse on the roads if you ask an average Nigerian why they do such things their response is always "na your papa get am" sincerely this careless behavior is even why the government treat us like trash. And once you advocate about how bad it seems people start labelling with the tittle "oyinbo man".

This is one of the things we need to emulate as a country. The proclaimed Giant nation of Africa is still left behind. Our money is not valued and we as citizens are contributing to it with the way we handle and abuse the naira notes. Just see the way many celebrities spray and match the Nigeria currencies in occasions and clubs. If we want a change in the country, it has to begin from us. I hope this new cashless policy will be able to tackle and reduce the misuse of naira notes in the country.

Comrade you really Yan well. You see ehn wetin dey vex me be say na the law makers dey also follow dey break the law wey Dem put to existence. How em want to take change things wey e be say Dem be defaulters. You see the issue of squeezing money that one no fit stop at all for we naija. The market men and women, the bus drivers and conductors, these police them wey dey stand for road dey collect one minute pass all of Dem dey guilty of the squeezing of the naira note abi na our brothers Dem wey from the other states wey dey to like to spray money for wedding and other ceremony make people for feel say Dem din arrive. See matter plenty for this country wey big well well pass us dey. Na to pray to God to give us the right leader wey go do the right thing.

To regulate laws hard for this country because even the government wey deh actually put these laws are a defaulter to these laws. for Nigeria to regulate and make sure say make people no deh squeeze this new naira note e go deh very hard, because the rate of ignorance wey deh for the users of this currency e too high.
Today somebody use the new naira note take buy something for the supermarket wey i deh and the money looks attractive somehow sha but as the cbn don talk say them no go print plenty of this new money nai be say make we go just deh use to seeing it rough and squeezed in a couple of weeks. Na when you go buy something for local market nai you go see people deh rubbish and squeeze our naira note anyhow as nothing day eva deh serious for the country nai make all this things deh  happen,for some country even to mishandle the countries currency sef can get you arrested.

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I dey very happy to see my fellow Nigerians here,I be newbie for here and I know sey many of you don master this forum. I just wan make we dey together as brothers and sisters, I hope say I dey welcome and we go make a good team??

Regards

Na overwhelming joy sae at the end of the football career of Messi, sae em carry the world cup wey people d use yab am sae em no be goat. At least the comparison between em and Ronaldo no go d happen again cos for sure now, na em be the main goat wey all man sabi for the whole world. He was crowned yesterday by the Qatar king to lift the world cup, that one show sae na king of football wey em be so



I d wonder how the next world cup go be after so many big starz for football go resign so. As for Messi, who go fit break the all the records wey em don create for football? That one go be gist for another day. Congrats to the phenomenon FIFA boy ''Messi''

In any project created, there is a targeted audience. And the targeted audience for cryptocurrency is the world youths. And when bitcoin came to Nigeria, it was the youths key into it and when the Nigeria government discovered that, the Nigeria youth used bitcoin massively in the #endsars protest and they used bitcoin to sponsor the protest with millions... And they could not do anything to stop the coin so they created e-naira, though the e-naira is meant for everyone but the specific targeted audience are the youth.
The only way the e-naira can work perfectly in Nigeria is the time when the government create it as a decentralized exchange platform and by that most Nigerians will use it to keep their naira...and if possible they should give rewards to some first users for like 6 months. Then people will be tripping in. But as for me the decentralized exchange with free charge rate is the best. Or very low fee rate like BTC.

Yes the youth has a low percentage in the national fiscal policy but not in the internet or online transaction... nobody will tell me that the Nigerian Youth has a low percentage on e-transaction but for the physical cash policy they are.

Many gamblers made big money from their bet yesterday, because they predicted for d favour of Argentina despite the game nearly go for d favour of France. I like d way France equalized the goals and follow Argentina to the penalty point but Messi prove it again by taken d team to win dis year FIFA world cup. Even though Messi resign today he have something to show that he was a great player in the whole world with dis precious title he just achieve so.

You are right. The CBN's first approach killed the entire project, and lack of awareness also contributed to the project's demise. CBDC has no comparison with bitcoin/crypto, it's still fiat but it gives you more access to be your own bank, unlike bank apps where you don't have access to most features, the e-naira app solves that. It was a good project, and I believe the new cashless policy will revive it..


There are money handling policies in the eastern world; if you squeeze a US dollar in that manner, you will be arrested or the money will be rejected because banks do not accept or distribute dirty notes. Nigeria has far too much freedom, which makes us appear foolish.

I wish all of una happy Sunday and I Dey very happy personally say Argentina don finally win the World Cup, and my Player way I like very much that is Messi don carry the cup.

But from Wetin I reason be say crypto-currency based gambling site they get more levels this days than normal. Many crypto-currency gambling site day but some wey get weight be Stakes and Roobet. So guys Wetin be that gambling site wey una like wey dey accept Crypto-currency.

D tin be say, anyting wey people de get something from, people de wey wan spoil am. Dis kin cases de happen well well, and all of dem na as a result of work wey no de na I'm make people de scam deir fellow colleagues wey no get money come de manage P O S business. Mek we just dey carful because all dos scammers de look for so many ways wey dem go scam small small hustlers.

The first thing I will like Agbe to answer is, how many Nigerians not only the youths have access to the e-naira?
Because I don't know if is only me that has experienced a delay in setting up my e-naira wallet since it was launched some time ago and I believe so many other members here have experienced the same thing, so how can an e-naira whose scalability is not achievable within the citizens have anything to compete with cryptocurrency whose is easily accessible to all even newbies can easily own and use Bitcoin even though it is blockchain build with all the complexity that comes with blockchain that made the Nigeria central bank to run away from allowing its operation in the designing of the e-naira. I know there is need for awareness on every government's policy and every other thing as it concern human, but let's not ascribe local currency shortcomings to cryptocurrency or mention Youths whenever such discussions come up, because the youths have the lowest percentage in Gov-CBN monetary policy because the old men are the ones in the office and stealing and using Naira, the youths purchasing power is low in 9ja and that is why when cryptocurrency come up as an alternative to the centralized red-tapism of the financial system the youths embraced it as a better alternative to fait
Even at that, if you check the percentage of cryptocurrency users and holders in Nigeria, the youth may fall behind even to the old forks and the corrupt politicians, who are no different from Yahoo boiz, even though youths is mentioned as frontline crypto adopters in Nigeria.