Nigeria may not be rich, but if we had good managers of resources, we would have had a much better country.

They are all looting together

Government collecting taxes to provide enabling environment for business to thrive is not a bad idea.

But with clearly set visions it wouldn't cause further inflation.

Since you don't have plans on how to recycle the money back to the economy yet or the know how on providing enabling environment, reducing the amount of taxes people pay will help a long way.

Let the people breath

Don't tax the people for sycophants to steal

Infact share whatever that is left in Nigeria's account let's end it all. enough is enough.

Useless news be making front page lately on nairaland

TINUBU is not a chop am finish leader...
you can go and check details C & Q from Atiku Nig. Ltd

LIES! LIES!! LIES!! Apc's stock in trade...

Share share people.

Make una dey continue to share am.

Increase in minimum wage=increase in money supply which will lead to inflation
TINUBONOMIC

If they are saying the truth.

Politicians and lies are 5 and 6.

Lol. So it's avidly 900bn they generated but Agbado propaganda press added 1trn to it.

Ok na. We'll see what the foreign reserves will look like by end of July

grandstar are you seeing what I'm seeing?

Why not "disburse" the Dollar components to the 3 tiers of governments which can then be exchanged at the forex market.

They don't to physical have the cash.

So the way to fight inflation is to withhold money earned by the government then you go ahead to print more money to inject into the economy - which of these two will most likely cause inflation?

LagosFirstSon:
Let's just pretend that they're telling us the truth even when we know that a drug baron is the president

While your papa is nowhere to be found..

It is a pity...

grandstar:
Why not "disburse" the Dollar components to the 3 tiers of governments which can then be exchanged at the forex market.

They don't to physical have the cash.

I hope you can see how your people are dribbling even you the economists

Kukutenla:
Lol. So it's avidly 900bn they generated but Agbado propaganda press added 1trn to it.

Ok na. We'll see what the foreign reserves will look like by end of July

grandstar are you seeing what I'm seeing?

Yes o! It's a wise move. There's a justification it can turn inflationary.

The dollar component should be disbursed in "dollars" to each tier of government. This they can now resell at the CBN forex market in exchange for Naira. This has long been a suggestion by the late Henry Boyo. Soludo had the same idea but was frustrated by federal government.

This will lead to dollar chasing Naira and the currency will strengthen.
.
But nowadays, the dollar component is first changed into Naira leading to excess money in circilation, like what is feared now.

It’s not the hugest in true value
Dollar from oil sales always just convert from 430 to 740 naira

Very poor economics. Pay the states is dollars generated from sales that will actually help increase the value of the naira

Kukutenla:

I hope you can see how your people are dribbling even you the economists

It is a good idea that they did not share the entire accruals for the month. The excess fund should be channeled to infrastructural development that will add value to the economy and entice investors - Nigerians in diaspora and other meaningful investors to invest in the economy thereby creating growth and renewal of the economy.

Jumbo salaries and emoluments by elected office holders should be avoided at this time, everybody should sacrifice to lift this nation - Nigeria out of poverty and economic woes. A rich nation like Nigeria should have gone far in development if our past leaders have been honest with economic, social and political development of the country.

God bless us.

God bless Nigeria.

Depriest2020:
Good decision 👍

A very good beginning,for seeing realities that ,it can't be business as usual!
Now,the Governors are being considerate that we need to get Nigeria started all over again because there is no more free launch - not even in FreeTown, Sierra Leone!
It's now left for National Assembly to reduce their own Cost too- for the Masses!
Kudos again to NEC👍.
No other Countries will fix Nigeria for us,but through- Accountability, Incorruptible decisions,Patriotism and Purposeful Leadership, Nigeria will be great again!
God bless Nigeria.

RenaissanceGuy:
They can only share naira. The amount of dollar saved will still not be higher.

Revenue from crude oil sales are in dollars. So no need to convert it to naira to share. If they save 790 Billion naira with CBN, that's 1 Billion dollars.

LagosFirstSon:
Let's just pretend that they're telling us the truth even when we know that a drug baron is the president

IPOB LOSER!

LagosFirstSon:
Let's just pretend that they're telling us the truth even when we know that a drug baron is the president

The so called drug baron was a Treasurer in Mobil. A Treasurer is an accounting guru, how much more one in Mobil?
Same man graduated with Honours (first class) in Accounting major in Chicago State University according to the University herself.

These money can fix our refinery and sell fuel at a good rate to several west African countries and even earn FX, why must we share everything?

mrvitalis:
I repeat this is a big lie and it's impossible
APC lies have caught up with them now they want a new propaganda

So all the governors or their reps at the FAAC are APC members, that they decided to cover up for the “propaganda”?

Some of you are just pathetic.

Good. Hope there's no another Emefiele to loot our foreign reserves.

Luckysbab:


So all the governors or their reps at the FAAC are APC members, that they decided to cover up for the “propaganda”?

Some of you are just pathetic.

There is no proof we made 1.9 trillion oga

No evidence we never made that

LagosFirstSon:
Let's just pretend that they're telling us the truth even when we know that a drug baron is the president

Oya drink sniper na

This is great achievement for Nigeria and Nigerians atleast every state must collect minimum of 12 billion naira each and fg and lg will share the rest and Nigeria save almost $7 billion into foreign reserve

grandstar:
Why not "disburse" the Dollar components to the 3 tiers of governments which can then be exchanged at the forex market.

They don't to physical have the cash.

Good idea but then Governors would have to be monitored to convert all the dollars at the Banks and CBN and not ship them away.

Also this decision is in order to reduce money supply and inflation in the economy.

mrvitalis:

There is no proof we made 1.9 trillion oga

No evidence we never made that

Alright.

Even though the 900bn is still higher than previous months’ accruals. But let me leave you to it. The Tinubu govt has to be discredited, at whatever cost. I get it.