Nigerians abroad!!way forward with this kind policy

[Chinyere]

Let’s be realistic. Nigerians abroad like sending money in dollars because their families can decide when to change it.
Now that it will be paid in naira:

Will Nigerians abroad start sending money through other unofficial channels?

 

[Mr.Simon]

Let’s be realistic. Nigerians abroad like sending money in dollars because their families can decide when to change it.
Now that it will be paid in naira:

Will Nigerians abroad start sending money through other unofficial channels?

That’s the real concern. If the official rate isn’t attractive, some may bypass banks and use informal channels to get better value. It could reduce remittance inflows through formal systems.

 

[Chinyere]

That’s the real concern. If the official rate isn’t attractive, some may bypass banks and use informal channels to get better value. It could reduce remittance inflows through formal systems.

Trust Nigerians

 

[Crystal]

Let’s be realistic. Nigerians abroad like sending money in dollars because their families can decide when to change it.
Now that it will be paid in naira:

Will Nigerians abroad start sending money through other unofficial channels?

The truth is they have been using other channels like fintechs. Look at chipper cash, lemfi, grey and the rest. Because to get say 50k in naira, they only need to send a little dollar which pays them …lol

 

[Crystal]

That’s the real concern. If the official rate isn’t attractive, some may bypass banks and use informal channels to get better value. It could reduce remittance inflows through formal systems.

Yes

 

[Mr.Simon]

Trust Nigerians

I know my fellow Nigerians, even me will consider that too, nobody will like losing money

 

[Mr.Simon]

The truth is they have been using other channels like fintechs. Look at chipper cash, lemfi, grey and the rest. Because to get say 50k in naira, they only need to send a little dollar which pays them …lol

Bahh, that's the things we do consider

 

[Chinyere]

Bahh, that's the things we do consider

Yes nah

 

[Chinyere]

I know my fellow Nigerians, even me will consider that too, nobody will like losing money

At all

 

[Chinyere]

The truth is they have been using other channels like fintechs. Look at chipper cash, lemfi, grey and the rest. Because to get say 50k in naira, they only need to send a little dollar which pays them …lol

Yes nah, small dollar, plenty naira

 

[kasugha]

Let’s be realistic. Nigerians abroad like sending money in dollars because their families can decide when to change it.
Now that it will be paid in naira:

Will Nigerians abroad start sending money through other unofficial channels?

Let’s be honest for a moment.
Many Nigerians abroad don’t send money home in dollars just for the sake of it—it’s about control. Their families can decide when to exchange, how to exchange, and at what rate. That flexibility matters, especially in an economy where the naira can change value quickly.
Now, if everything is forced into naira from the start, that control disappears. And when people feel they’re losing value, they naturally start looking for alternatives.
It won’t be surprising to see more people turn to unofficial channels—sending through friends, using trusted networks, or even exploring digital options. Not because they want to break the rules, but because they want to protect the value of their money.
At the end of the day, people respond to incentives. If the official system feels fair and competitive, people will use it. If it doesn’t, they’ll quietly find another way.
That’s just how markets work—especially in Nigeria.

 

[Chinyere]

Let’s be honest for a moment.
Many Nigerians abroad don’t send money home in dollars just for the sake of it—it’s about control. Their families can decide when to exchange, how to exchange, and at what rate. That flexibility matters, especially in an economy where the naira can change value quickly.
Now, if everything is forced into naira from the start, that control disappears. And when people feel they’re losing value, they naturally start looking for alternatives.
It won’t be surprising to see more people turn to unofficial channels—sending through friends, using trusted networks, or even exploring digital options. Not because they want to break the rules, but because they want to protect the value of their money.
At the end of the day, people respond to incentives. If the official system feels fair and competitive, people will use it. If it doesn’t, they’ll quietly find another way.
That’s just how markets work—especially in Nigeria.

Nigerians and plan B na 5&6,even before now, they have been using other means

 

[Chinyere]

Nigerians and plan B na 5&6,even before now, they have been using other means

Lol