xpressionx:


Stupid boy.
Have you seen Putin kill anyone before?
But you believe all the evidences against him in the media.
So the evidence in the media that your white powder King has not been able to deny is what?
You will perish for supporting evil.
Evil shall not escape the sword of judgment and destruction.
See the evil M.C Oluomo is doing is lagos with the backing of your oppressor,yet you have the boldness to come here and spew thrash.
Esu

cucumbar:
Continue making excuses. That was how you lots made excuses for the past Government. Una don start again. Yeye people everywhere.

xpressionx:


Stupid boy.
Have you seen Putin kill anyone before?
But you believe all the evidences against him in the media.
So the evidence in the media that your white powder King has not been able to deny is what?
You will perish for supporting evil.
Evil shall not escape the sword of judgment and destruction.
See the evil M.C Oluomo is doing is lagos with the backing of your oppressor,yet you have the boldness to come here and spew thrash.
Esu

Nononsense247:

So... Obi would have turned Nigeria to Dubai in two months... Lolzzz! Yeye people ... Una go cry tire

grandstar:


The reality us that the 8 years of the Buhari administration completely messed up the economy, dragging it down and loading it with mountains of debt.

So, correcting it won't be easy. The 2 most painful reforms have already been implemented which are ending fuel subsidies and the unification of the exchange rates. These 2 policies will not only reduce waste but massively increase government revenues overnight.

It is also too early to judge things. Ministers have yet to be appointed. Who would be appointed as the finance minister is crucial as well as the next governor of the central bank.

Today marks the 28th day of this government. A better flashlight might be first 100 days in office.

Leebeedo:


I'll answer the question for you, no worry. As it stands now, Nigeria's economy is heavily dependent on the exchange rate btw Naira and Dollar because the economy is almost 100% import driven. Even the fuel that cranes use at the sea port to offload containers are imported and we pay for the fuel in dollars. Cost of dollar goes up, running cost at the seaport goes up which will eventually increase service cost.......trickle down economics!

xpressionx:


Buhari also warned about it.

Till now,to actionable plan on Subsidy removal.
Rather they are trying Nigerians opinion about increasing their allowances with the money removed from Subsidy

LARRYOBRAIN:
Tinubu is doing great, this is the effects of past administrations which put us on a fake economy. But Tinubu has put us in the reality of the day.
The economy can grow now and we enjoy it later.
Let's be positive.

Samakus:
This Customs raise of exchange rate from N422/$ to N589/$ will favour me and my family

Leebeedo:


I'll answer the question for you, no worry. As it stands now, Nigeria's economy is heavily dependent on the exchange rate btw Naira and Dollar because the economy is almost 100% import driven. Even the fuel that cranes use at the sea port to offload containers are imported and we pay for the fuel in dollars. Cost of dollar goes up, running cost at the seaport goes up which will eventually increase service cost.......trickle down economics!

GWMI:
So many people just wish Tinubu failure not knowing that wishing him failure, doesn't mean he will fail.
Let's see what happens in weeks to come as we survive this new Government policies.
But one lesson learnt is that, Nigeria was a highly subsidized society now all subsidy is going we got to bear the heat.

GWMI:
So many people just wish Tinubu failure not knowing that wishing him failure, doesn't mean he will fail.
Let's see what happens in weeks to come as we survive this new Government policies.
But one lesson learnt is that, Nigeria was a highly subsidized society now all subsidy is going we got to bear the heat.

BreconHills:


PBAT and VPS warned that difficult times lay ahead for Nigeria. They told everyone that they would have to make difficult choices. They were very clear unlike two other candidates who kept mumbling at low decibels saying nothing out of fear. In the end the people chose clarity over vagueness. This is why in one week PBAT was able to push through wide ranging and necessary reforms without a murmur. Even the TUC and Labour knew that they had no public support with a strike.

It's going to get even more difficult as the electricity tariffs go up in July. It is either this generations pays for success or their children do. Nigerias debt has come through. I am proud to belong to the generation that pays the price for a new Nigeria in our life time.

Nononsense247:

Shutup ... Those that wish and wants Tinubu to fail are enemies of this country ... Premature death shall locate them ..

NuCypher:
The bigger question is if the customs is transacting in dollars or naira? This is a very important question we should be asking, if the government itself can start dollarizing the economy. Last I checked, we spend naira in Nigeria, not dollars.

NuCypher:
The bigger question is if the customs is transacting in dollars or naira? This is a very important question we should be asking, if the government itself can start dollarizing the economy. Last I checked, we spend naira in Nigeria, not dollars.

Samakus:
This Customs raise of exchange rate from N422/$ to N589/$ will favour me and my family

Reference:


Oga you should elevate your thinking please. Yes, subsidies in a poor unproductive economy is suicidal but so is hyperinflation and.the failure of the government to act swiftly on inflation is the first failure.

If you are informed you will understand that there is a fine line between the slow down of the economy and the complete seizure/recession of the economy which will crash revenue.

Already productivity is being affected in many sectors as retail, construction, transportation and and energy are recording serious drops.

I said it before that if the government does not come out and head off inflation it will spread from energy into transport and then into soft retail. By the time it hits durable.goods and fixed assets then the damage to.the economy will become irreversible.

wasuka14:
You and your gene have been dying miserably and will continue to do so. We the progressive, can't you see that we keep flying high and high. Your caliber keep crying and crying. Hunger and miserable will finish you and your gene.

NuCypher:

That explanation is insufficient. Fuel is the worst example you could use. Nigeria generates its own crude and there's supposedly a refinery which should come into operation shortly and which, again, is supposedly able to meet the country's local needs. In effect, your explanation does not justify a near 40% increase in rates.

loosecanon50:
Tinubu is a financial expert, he studied accounting in Chicago state university.

This is fake news...Tinubu is already fixing the economy.

CyberHustle:
Why should a naira based economy be charging people in dollar equivalent for import?

DeLaRue:
Customs can't have a different exchange rate from the government 's own rate. All government agencies will adjust to the new official rate. They have no choice.

What those involved in car importation should lobby for is a reduction in the import duty.

Mr Buhari 's government increased it to 40% in order to encourage local production of cars, but 95% of car buyers in Nigeria can't afford a new locally produced car. So, the policy doesn't appear to be working.

Therefore, import duty should be reduced to 20% max until further notice. You are absolutely right. Best comment so far