Okundaye4:

went i do you? I enter your Land?

dey don start again ooo bt anyway lets all ralli bhind baba nd his team of proffessionals.

They were doing it hiddenly but glad they are showing the world who the real enemy of african progress are.

I think IMF is manipulative. When you compare America's debt with the value of their currency you cannot but question IMF indices for benchmark.

Naira is not over valued,the problem is multiple exchange rate,its stupid,let the market determine the value of naira,it will plunge and stabilize at a point,you dont buy fx from iocs at a rate lower and sell to the public at another rate,govt diffirent rate,ofcourse there would be short fall.

Okundaye4:

Bia... Do I look like IMF?

ITbomb:

They are not destroying anything, we are already built for self-destruction

A country that is consuming foreign goods without producing anything and spending money mostly to run government is not going anywhere

But they bluntly refused to support Igbo's who are ready to produce and turn this nation onto China bc they are playing politics

IMF my foot, bunch of deceivers

Ahmed0336:
This IMF na enemies of progress. Make dem come devalue am make we see.

Who IMF helps? So they expect 1usd to equal 1000naira..They should better leave us with our own economics policy, rather than giving a forecast that will affect common men

They are jokers... IMF

Tazdroid:
UP!!!!! U tok say make we "shout up"

:



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Tazdroid:
UP!!!!! U tok say make we "shout up"

Ah swear bro, kee me lemme die and be going away

The naira needs to be devalued and a committee needs to be set up in Nigeria to regulate the indiscriminate increase of the price of locally made goods.

God will punish those people in IMF...they couldn't save Greece....idiots

bettercreature:
They are trying to destroy our currency as they did to other african nations
They are destroying egypt at the moment
How can Naira be over valued when we have $30 billion dollars in Reserve and GPD of 520billion USD

We now have less than half cos we used it to prop the economy . Remember the CBN pumping forex to stable the economy ? ?

smartty68:

Bia... Do I look like IMF?

Am NOT here to join issues with you.


JUST...

erico2k2:

We now ha e less than half cos we used it to prop the economy . Remember the CBN pumping forex to stable the economy ? ?

That is what we have at the moment.Check CBN website

juman:
There is what I called "economic anarchy" in nigeria.

Economy without any direction.

Obviously apc is a failure.

pdp wil not like this.
Your ineffectual buffoon success story of 1 dollar to 200 naira were hype, fake and overvalue.
Using our hard earn resources to defend naira. What a bad economist is that. Your ineffectual buffoon is the real dullardiho. Is now imf is waking up becos the same foolish emefiele follow his old path of defending naira

Iamwrath:
So , because Buhari no gree to devaluate Naira , these people just dey find means abi ?

He need to....
No need

bettercreature:
That is what we have at the moment.Check CBN website

Did you see this ?
https://www.nairaland.com/3716301/external-reserves-hit-two-week-low#55152428

Jesusloveyou:
pdp wil not like this.
Your ineffectual buffoon success story of 1 dollar to 200 naira were hype, fake and overvalue.
Using our hard earn resources to defend naira. What a bad economist is that. Your ineffectual buffoon is the real dullardiho. Is now imf is waking up becos the same foolish emefiele follow his old path of defending naira

What's wrong with people like you ? ?
What U said up there is exactly what PMB FG is doing right now hence
https://www.nairaland.com/3716301/external-reserves-hit-two-week-low#55152428

Jesusloveyou:
pdp wil not like this.
Your ineffectual buffoon success story of 1 dollar to 200 naira were hype, fake and overvalue.
Using our hard earn resources to defend naira. What a bad economist is that. Your ineffectual buffoon is the real dullardiho. Is now imf is waking up becos the same foolish emefiele follow his old path of defending naira

Defending naira is perfectly right if we have the financial backbone to do that.
Presently there is no money much to defend the naira. But defending naira now is necessary for security reason. Government would not like one dollar to be like 800 or 1000 naira.

But the most important thing is to wake up and energized the economy.

Those senseless apc people are less concern about the masses. Their yearly budget is for themselves only.

arinzeluke:



But they bluntly refused to support Igbo's who are ready to produce and turn this nation onto China bc they are playing politics

who stop you ipods to produce, if not you ipods that import oyibo sheet, what wil make the stupid emefiele to defend the naira like what he did under your ineffectual buffoon, which cost us 15b dollars to defend the naira, even when oil was selling above 100 dollars per barrel.

Sir, this has little to do with Igbo's.
Its impossible for one region to meet Nigeria's demand for anything.
But if the igbos are serious, they should tackle their power generation deficit first, to showcase their abilities.
Between the people and their govt, this is the issue of greatest importance for industrialization.

arinzeluke:



But they bluntly refused to support Igbo's who are ready to produce and turn this nation onto China bc they are playing politics

At the topic:
If the CBN stops pumping dollars into the market, what will happen to the naira?
This is a simple indication of the nairas value.

Sango fire them

juman:


Defending naira is perfectly right if we have the financial backbone to do that.
Presently there is no money much to defend the naira. But defending naira now is necessary for security reason. Government would not like one dollar to be like 800 or 1000 naira.

But the most important thing is to wake up and energized the economy.

Those senseless apc people are less concern about the masses. Their yearly budget is for themselves only.

that is why i steal blame your ineffectual buffoon for what is happening.
When we have too much money to stop this importation(artificial) economy,
Too much money from oil and foreign reserve, he wasted it on importation of even tooth pick and all sort of oyibo sshit.

absoluteSuccess:
Is dollar not overvalued?

Why must naira be 'undervalued'??

Naira is not yet valued as it should be.

We need to bring back the kobo.

How can u bring it back to Kobo? How will you do that when you import everything. How can you make such a senseless statement. Experts are talking your moaning. What is the bag of local food including rice, yam , plantain,beans or will you say it is dollars that is affecting it? Or the soil is been imported too?

Oil controls Nigeria and once there will be more electric items or product likes cars soon in 10 to 15 years we will loose more as no buyers will come for our oil because it might also be cheap as kisses

You're clearly not a Christian, so why the moniker?
Who's more foolish, they who Imported 'sheet' or those who keep buying it?
Wherever you're from, I bet your state boasts of less than 2 manufactured items.
Since emefiele is doing the exact same thing. In fact, since buhari now seems to be copying all of gejs policies does that mean buhari is a copycat of an Ineffectual Buffoon?
And isn't it just plain stupidity to spend $2 billion in less than 2 months defending the naira? But since buhari has been directing policy from day one? Why would anyone blame emefiele for it?
Lastly-
22 months to come up with an economic plan?!
Come on, man!

Jesusloveyou:
who stop you ipods to produce, if not you ipods that import oyibo sheet, what wil make the stupid emefiele to defend the naira like what he did under your ineffectual buffoon, which cost us 15b dollars to defend the naira, even when oil was selling above 100 dollars per barrel.