Kenai:


E get 14 leftover Wailer forms wey I hide for under my mattress, but abeg, I no wan make anybody touch them until I get back, because I'm reserving them for Bola Tinubu and his goons.

tuniski:
Buhari wont listen until the naira reaches 500 to the dollar. He doesn't get it and doesn't accept he doesn't! He is like Mugabe very dogmatic and strong headed.

Lordave:
Even the emir of Kano is testifying the dumbness and ineffectual buffoonery of PMD

The moment PMD booked a bed in Stone Hearst Assylum in London to tend to his senility instead of patronising one of our rehabs in Abuja was the very moment I realised it's done for Nigeria and her pack of zombies.

PMD is an internationally acclaimed monumental disgrace, nevertheless, as a patriotic Nigerian, I hope the effects of his senility subsides so he can recuperate properly cos I don't want to see SanusiGate.

PBundles:


Good points and yes you are correct, however the issue now is the 'fixed rate' which we all know is not market conform.

What you eluded is very correct, the so called official rate could be purchased under conditions you mentioned, however the historic rates will show you that the official rate and the parallel (grey) weren't that far off (with the latter always being slightly more expensive).

What we are seeing now is a fixed rate that is not being allowed to float causing a huge discrepancy between it and the grey market. When you see that happen, the market is simply confirming the obvious. In simple terms, the currency is being subsidized and how long can it do that. Note a small but VERY important issue, its not only the private sector that needs $, but the government, so its also costing them money too.

Lordave:
Even the emir of Kano is testifying the dumbness and ineffectual buffoonery of PMD

The moment PMD booked a bed in Stone Hearst Assylum in London to tend to his senility instead of patronising one of our rehabs in Abuja was the very moment I realised it's done for Nigeria and her pack of zombies.

PMD is an internationally acclaimed monumental disgrace, nevertheless, as a patriotic Nigerian, I hope the effects of his senility subsides so he can recuperate properly cos I don't want to see SanusiGate.

tuniski:
Buhari wont listen until the naira reaches 500 to the dollar. He doesn't get it and doesn't accept he doesn't! He is like Mugabe very dogmatic and strong headed.

tuniski:
Buhari wont listen until the naira reaches 500 to the dollar. He doesn't get it and doesn't accept he doesn't! He is like Mugabe very dogmatic and strong headed.

tomtween:
I can't believe it!!
Sanusi too?
So baba go stand alone


Shey dem say d form dun finish?

Motherfucker2:
I so much love Buhari.
See how Buhari transformed Nigeria in just 8 months in office.

I receive 10,000 naira every month.
School fees is now free.
$1 is now 1 naira
8 months uninterrupted electricity.

Boko Harams is now a thing of the past, The Nigerian Army killed 1 million of their fighters and also captured their leader Shekau alive.

Buhari is the best president in the world.
I hope he rules Nigeria for 50 more years

MadCow1:
hooow

abbey621:
If anyone should talk about economic policies and the decline of the Naira it shouldn't be Sanusi. He still remains one of the worst economic policy makers in the history of Nigeria. I can't believe he's talking about devaluing the Naira. In the developed nations when currencies are devalued, it is to encourage exports, because the prices of local products serve as an incentive and a toast for foreign buyers. In the process, they earn foreign exchange, increase production and create additional jobs. Unfortunately, that is not the position with Nigeria. Oil is our major export and with the price of oil so low there are more supplies than demand. Can someone tell me how devaluation at this crucial stage will yield any positive effect for Nigeria? Unless we anticipate rise in oil prices and Saudi Arabia, Iran and Russia decreasing oil production

DonXavi:
Give Sanisi a wailer's form to fill, I have payed for the form on his behalf.

The number of wailers are swelling by the day.. who's next?

nigerianvenom:



https://www.thecable.ng/sanusi-buharis-fx-policy-encourages-corruption

nigerianvenom:



https://www.thecable.ng/sanusi-buharis-fx-policy-encourages-corruption

adeomolisabi:


One problem with the argument that devaluing isn't worthwhile because we export so little is that it exchanges cause and effect; it is precisely because of the historical over-valuation of the Naira that our non-oil exports have collapsed over the decades, and our domestic industries have been hollowed out. Look up "Dutch disease" for a more in-depth explanation of how this happens.

In any case, the effect or lack of effect of the Naira's value on exports still doesn't invalidate Sanusi's argument: that Buhari's currency policy is itself a major source of corruption. The gap between the official and black market rate is so large that anyone who can buy Dollars at the official price would make a greater return, with a lot less effort and risk, by simply reselling the dollars, rather than by actually producing anything.

Reference:


Oga. Stop this nonsense. Devaluation is not just about exports. It is also about investment. If your currency is artificially supported investors hold their dollar investments and the disaster unfolding in the oil industry is one to watch. You need investment to maintain production and maintain installations. Expect our oil output to gradually fall together with our market share and influence to such an extent we will find hard to recover when oil prices rebound. It is a silly, sentimental policy with no long term benefit.

kernel501:
DEY DON DEY GO ONE BY ONE... ~ APC
SANUSI~ APC IS KWAMFUSED WALAHI.

kernel501:
DEY DON DEY GO ONE BY ONE... ~ APC
SANUSI~ APC IS KWAMFUSED WALAHI.

abbey621:
If anyone should talk about economic policies and the decline of the Naira it shouldn't be Sanusi. He still remains one of the worst economic policy makers in the history of Nigeria. I can't believe he's talking about devaluing the Naira. In the developed nations when currencies are devalued, it is to encourage exports, because the prices of local products serve as an incentive and a toast for foreign buyers. In the process, they earn foreign exchange, increase production and create additional jobs. Unfortunately, that is not the position with Nigeria. Oil is our major export and with the price of oil so low there are more supplies than demand. Can someone tell me how devaluation at this crucial stage will yield any positive effect for Nigeria? Unless we anticipate rise in oil prices and Saudi Arabia, Iran and Russia decreasing oil production

FLYFIRE:

You guys are pathetic. So your once revered Sanusi is now the worst economic policy maker because he spoke about your bubu's block-headedness. The strength of a man is known when he acknowledges his faults. It's not late to accept you goofed voting a NEPA certificate dullard.

krendo:


is that D for Dull.a.r.d?

Keneking:
Which corruption

abbey621:

This is getting stale, you can do better!

tico1212:
Another Zombie on the loose

tochimas:
sanusis not a zombie ,He might not be my favorite person when he speaks on this things out of his scope but I will listen to him now as this is his field,