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How Floating The Naira Benefits You - Reno Omokri - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / How Floating The Naira Benefits You - Reno Omokri (2279 Views)

Olisa Agbakoba Applauds President Tinubu On Floating The Naira And Subsidy / Ben Murray Bruce Praises President Bola Tinubu For Floating The Naira / Man Asks Reno Omokri, "Who Is Bankrolling You?". Reno Replies (2) (3) (4)

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Re: How Floating The Naira Benefits You - Reno Omokri by oyebanji44: 3:39pm On Jun 16, 2023
jmoore:


You want to reduce inflation by increasing salaries? Is the government employing all workers?

Is it the government that will pay the salaries of those working in private business?

Customs makes trillions from import and you are hopeful importation will stop.


You are not a trader so you don't have a clue about trading. The only thing that will discourage an importer is when we can produce goods that are cheaper than imported ones.

Yes..of course l also believe floating currency will do that
Re: How Floating The Naira Benefits You - Reno Omokri by wegevv: 4:32pm On Jun 16, 2023
saysoo:
you cannot say that till you see 1460days of PBAT?

Why can't I call PMB an incompetent failure until I see 1460 days of PBAT? PMB's legacy of failure is set in stone forever grin

There is zero doubt in anyone's mind that PBAT will be 100x better even at his worse. But even if he isn't it doesn't change what I said before
Re: How Floating The Naira Benefits You - Reno Omokri by BATified23(m): 5:29pm On Jun 16, 2023
thirdi:
Reno and his infantile economics. The government's actions so far have primarily resulted in the devaluation of the Naira. Unfortunately, the underlying factors that contribute to the devaluation, such as imports, foreign school fees, and medical tourism, remain unaddressed.

To effectively tackle these issues, it is crucial for us to focus on implementing comprehensive measures rather than relying on superficial laws and pronouncements. We need to work towards developing sustainable solutions that address the root causes of the devaluation and promote economic stability.

By addressing the factors that put pressure on the Naira's value, such as reducing excessive imports, improving the quality of education and healthcare domestically, and encouraging investments in these sectors, we can gradually strengthen the currency and achieve a more stable economic environment.

It is essential for policymakers and stakeholders to come together and devise holistic strategies that encompass various aspects of the economy. This will require careful planning, effective implementation, and continuous monitoring to ensure long-term success.

Let us emphasize the importance of tackling these challenges head-on, as it is only through concerted efforts and a comprehensive approach that we can achieve sustainable economic growth and stability for our nation.

Let everybody get the dollars at the rate they can. Imagine people using PTA for business
Re: How Floating The Naira Benefits You - Reno Omokri by Nobody: 7:06pm On Jun 16, 2023
grin Oga Obi the Importer

Onye all the Industries to the east

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