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Nairaland Forum / Nairaland / General / Politics / FG Pledges More Dollar Supply To Stabilise Naira (17307 Views)
Tinubu: We Will Raise $10 Billion To Stabilise Naira, Boost FX Liquidity / Stabilise Naira, Stop Blame Game On Emefiele, Ohanaeze Youths Tackle Cardoso / NNPC Secures $3bn Loan To Stabilise The Naira (2) (3) (4)
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FG Pledges More Dollar Supply To Stabilise Naira by dre11(m): 10:19am On Jun 22, 2023 |
The federal government has disclosed that it may inject some foreign exchange into the economy to shore up the value of the naira while market forces stabilise. https://dailytrust.com/fg-pledges-more-dollar-supply-to-stabilise-naira/ 3 Likes 4 Shares
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Re: FG Pledges More Dollar Supply To Stabilise Naira by taylor89(m): 10:20am On Jun 22, 2023 |
Another round of a failed Government in waiting If you’re an average Nigerian who can afford 3-4 million you better use that money and run out of the country Nigeria will never be better as one till eternity I don talk finish 64 Likes 6 Shares |
Re: FG Pledges More Dollar Supply To Stabilise Naira by LagosFirstSon: 10:20am On Jun 22, 2023 |
They've come again with another "Sakamaje" Ok Tinubu should release all the dollars in his bullion vans and inject them into the economy if truly he meant business .. Clowns 🤡🤡 81 Likes 8 Shares |
Re: FG Pledges More Dollar Supply To Stabilise Naira by mrvitalis(m): 10:20am On Jun 22, 2023 |
U want to defend floated naira? Lmao 73 Likes 3 Shares |
Re: FG Pledges More Dollar Supply To Stabilise Naira by LagosFirstSon: 10:22am On Jun 22, 2023 |
mrvitalis:Tinubu is a joke 😂 65 Likes 1 Share |
Re: FG Pledges More Dollar Supply To Stabilise Naira by Nobody: 10:23am On Jun 22, 2023 |
Is that not indirectly defending the Naira , when you are battling with market forces. ..put the right parameters in place, so we can measure economic growth, take informed and calculated decisions, put the right infrastructure, and let Nigerian know that there destiny is in there hands by encouraging productivity in all sectors. 37 Likes 2 Shares |
Re: FG Pledges More Dollar Supply To Stabilise Naira by Dreamhighnow(m): 10:26am On Jun 22, 2023 |
Lol Time will tell if the country is in the right track or just another apc gra gra 13 Likes 2 Shares |
Re: FG Pledges More Dollar Supply To Stabilise Naira by LagosFirstSon: 10:27am On Jun 22, 2023 |
Dreamhighnow:Na initial gragra na This was how Buhari started but see how he left the country 30 Likes 1 Share |
Re: FG Pledges More Dollar Supply To Stabilise Naira by EyeCumInPiece: 10:27am On Jun 22, 2023 |
Sounds more like robbing Peter to pay Paul. 5 Likes 1 Share |
Re: FG Pledges More Dollar Supply To Stabilise Naira by mrvitalis(m): 10:27am On Jun 22, 2023 |
LagosFirstSon:I don't know why basic economics is difficult for this people If u want to float then float then face the consequences of the floating Exchange rate is not a problem like Peter obi said even if naira exchange for 1500 no problem but let the exchange be stable let the change in exchange not be more than plus or minus 2% within 10 years That's the kokon 32 Likes 1 Share |
Re: FG Pledges More Dollar Supply To Stabilise Naira by bigpicture001: 10:29am On Jun 22, 2023 |
untill dollar gets to 1800, we wouldn't see a deregulated FX market... so i know for sure the FG is lieing 2 Likes 1 Share |
Re: FG Pledges More Dollar Supply To Stabilise Naira by mrvitalis(m): 10:30am On Jun 22, 2023 |
jackcanfield:You elected tinubu that hasn't done any successful business in his life... Greatest achievement is working as a low level staff at mobile ( auditor) Tinubu is a socialist to his bone to pretend to be a capitalist is a stupidity 25 Likes 2 Shares |
Re: FG Pledges More Dollar Supply To Stabilise Naira by ChybuzzDD(m): 10:43am On Jun 22, 2023 |
mrvitalis: They actually don't understand the meanings and implications of the policies they have been implementing. 28 Likes 1 Share |
Re: FG Pledges More Dollar Supply To Stabilise Naira by Validated: 10:44am On Jun 22, 2023 |
So, what is the difference between this and Emefiele approach. This one one step forward, five backward. 36 Likes 3 Shares |
Re: FG Pledges More Dollar Supply To Stabilise Naira by CyberHustle: 10:47am On Jun 22, 2023 |
Please if it is available, they should use it skillfully to bring that exchange rate down. I quoted someone a price based on N770 yesterday around noon and few hours later it went up by N40 thereby making me look foolish. 6 Likes |
Re: FG Pledges More Dollar Supply To Stabilise Naira by Iykopee(m): 10:48am On Jun 22, 2023 |
When you decide to float the naira without deep economic afterthought, this is what you get. Untill we start producing that which we consume, there is no way out of this mess. 7 Likes 1 Share |
Re: FG Pledges More Dollar Supply To Stabilise Naira by CyberHustle: 10:49am On Jun 22, 2023 |
Validated:even black market rates wasn't this high under the suspended CBN governor. I thought both will converge somewhere in between. 4 Likes |
Re: FG Pledges More Dollar Supply To Stabilise Naira by CodeTemplar: 10:59am On Jun 22, 2023 |
mrvitalis:stabilization isn't defending. It is a bit like a big man with some dollar to spare deciding to exchange them for Naira before paying with or spending it. 5 Likes 1 Share |
Re: FG Pledges More Dollar Supply To Stabilise Naira by EmeeNaka: 10:59am On Jun 22, 2023 |
Hmmm So, government is becoming uncomfortable with the free fall of Naira? Well, Tinubu government has no idea on how to move the country. I just wish he doesn't end up wasting the valuable time of Nigerian youths 10 Likes |
Re: FG Pledges More Dollar Supply To Stabilise Naira by CodeTemplar: 11:01am On Jun 22, 2023 |
Iykopee:A robust production of.our need is the way out that's why I laugh when they say govt has no business doing business. What we have is enough to invest but not to go and sit down to start pillaging and burning. Govt must own farms, industries, and vocational centres that aren't full time institutions. 5 Likes |
Re: FG Pledges More Dollar Supply To Stabilise Naira by mrvitalis(m): 11:01am On Jun 22, 2023 |
CodeTemplar:Lmao read what you wrote again 10 Likes |
Re: FG Pledges More Dollar Supply To Stabilise Naira by Zxcvbnmghtr: 11:04am On Jun 22, 2023 |
CyberHustle: And if before sunset it goes down to #650 you wil see yourself as being wise. That is forex for you. 3 Likes |
Re: FG Pledges More Dollar Supply To Stabilise Naira by LikeAking: 11:28am On Jun 22, 2023 |
Iykopee: The main problem is looting and miss management not production. Many Arab countries produce lesser than Nigeria, but they manage their economy very well and they don't loot like Nigeria.. Even if we become a manufacturing power house, the presence of corruption will still make the Naira worthless. 15 Likes 3 Shares |
Re: FG Pledges More Dollar Supply To Stabilise Naira by Dotherightthing: 12:03pm On Jun 22, 2023 |
mrvitalis: Nowhere in the world does the exchange rate dangle up and down. The idea of the floating is to determine the true exchange rate and then peg it. Another reason for floating is to make all the rates as close as possible. Of course, some pained saboteurs are at work to frustrate the policy. I trust the FG to outsmart them 5 Likes 1 Share |
Re: FG Pledges More Dollar Supply To Stabilise Naira by Candidlady: 12:04pm On Jun 22, 2023 |
The GOFAST man 1 Like 2 Shares
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Re: FG Pledges More Dollar Supply To Stabilise Naira by Ogene001: 12:12pm On Jun 22, 2023 |
Something that you have floated you want to defend it again? CORNfusion 7 Likes |
Re: FG Pledges More Dollar Supply To Stabilise Naira by IVORY2009(m): 12:17pm On Jun 22, 2023 |
Interim president doing the bidding of his masters in the North 9 Likes |
Re: FG Pledges More Dollar Supply To Stabilise Naira by Dotherightthing: 12:18pm On Jun 22, 2023 |
Ogene001: The floating was to merge the rates and get the true value Now it can be defended 2 Likes 1 Share |
Re: FG Pledges More Dollar Supply To Stabilise Naira by LibertyRep: 12:22pm On Jun 22, 2023 |
It's really getting out of hand. You lots technically devalued the Naira and not the floating turenshi you're telling us. Why not move all hogs against the speculators and the black marketers? As long as they loiter around, there won't be any solution in this fight, if there's any fight at all. 5 Likes |
Re: FG Pledges More Dollar Supply To Stabilise Naira by Jesusmystrength(f): 12:22pm On Jun 22, 2023 |
Toh |
Re: FG Pledges More Dollar Supply To Stabilise Naira by Kingsize4eva(m): 12:23pm On Jun 22, 2023 |
Story |
Re: FG Pledges More Dollar Supply To Stabilise Naira by tonytony208(m): 12:23pm On Jun 22, 2023 |
In other words, FG plans to defend the naira with dollars it doesn't have after floating the Naira. One step forward and two steps backward 9 Likes |
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