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Cardoso And The New CBN: Up Valuation Of The Naira And Other Agenda Setting - Politics - Nairaland

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Cardoso And The New CBN: Up Valuation Of The Naira And Other Agenda Setting by starstaz(m): 4:22pm On Sep 17, 2023
A well organized society is configured in the first place to make life meaningful and exciting to the occupiers of such state. For how long are we going to be carrying a moody face up and down across the breath of our "Lungu " city centers.



Just to put ordinary fuel into the car has become another unimaginable things once again,as many fuel station do not have the commodities and those that have are similar to roman times battle field with cars , Keke Napep and Okada struggling out for space to access a precious liquid Gold into their tank.



This is a new Low under this administration. It could have been pale or insignificant scene assuming the commodities goes at the old rate of 200/L but it's foolhardy that at a high price of over 300percent the citizens are meant to undertake a harrowing experience of queuing again for the product.



This is an expensive Joke. Nothing new to add again on how we reached this lowest ebb of insanity, many and there are varieties of articles that had captured how we deliberately ruined and ran down our economy to upstage the state of Bharat as the Poverty Capital of the World. Enough said. No need to flog a dead horse.



Shifting focus, I honestly congratulate the Lagos Man that was newly appointed as the New chief of the CBN, Mr 'Yemi Cardoso. Welcome on Board. Additional hardluck and I do pity you less in your new role simply because you are taking over a burnt house that will require multisystemic approach to resuscitate. Inflation at over 25 % is there to tackle , so also the yoyo Naira that is ringing bell at 950 or almost a 1000 to a single green back. Arhgggggggg. ( Shaking my head as am typing).




These burnt house is beyond repair or applying cosmetics in form of unnecessary palliative is as equivalent as wasting the time of everyone. What Mr Cardoso should do now is a strategic work plan that will up-value our Naira by cancelling the 3 Zeros as we currently have it. I deliberately and technically avoid the word Denominalize as many citizens here found it offensive to their middle ear. This is one and easy way out of this wood . The current naira as a currency has reached its wits end and it's un- revivable anymore.



Call it a dead horse and not far from the truth. Upvaluation is the way to go now to solve many problems facing us in multiple front in our current economic quagmire.


Lastly, my great egbon in North America will say " you guys just kill this country economically".
Re: Cardoso And The New CBN: Up Valuation Of The Naira And Other Agenda Setting by Praxis758: 3:19am On Sep 18, 2023
If currency swap will work for us, let’s go for it. Buhari really crippled our economy and currency.

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Re: Cardoso And The New CBN: Up Valuation Of The Naira And Other Agenda Setting by koiki4bat: 3:20am On Sep 18, 2023
No be only cordoso you don't like Mutairu kadoso cheesy

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Re: Cardoso And The New CBN: Up Valuation Of The Naira And Other Agenda Setting by starstaz(m): 2:57pm On Sep 18, 2023
Kudus. Kudoso.

Re: Cardoso And The New CBN: Up Valuation Of The Naira And Other Agenda Setting by starstaz(m): 2:58pm On Sep 18, 2023
What is the relative ease of getting fuel in your location today, Does it worth it? Share your observations.
Re: Cardoso And The New CBN: Up Valuation Of The Naira And Other Agenda Setting by starstaz(m): 3:23pm On Sep 18, 2023
Hear him out, As long as the dollar increase in Market , Nigerians are deemed to pay more for the price of PMS. He posited.




It is sheer evil and calamitous as a Nation to tie our destiny to the rough shod of the Dollar in international market. This is absolute slavery and neo-colonialism for a want of a better words. We must step back, side step and watch our trajectories as the leading light of the black race that we cannot afford to fail this Negroid race.

Things to do now

1. Allow Local refinery to breathe in all form, shape and sizes. Add values by organizing them to Local demands and removing bureaucratic bottle necks that hinder local capacity building should thenceforth de-exist.

2. Reverse Devaluation of the Naira now and put stoppage to the Dollarization of our National economy.

Naira must be over- valued Now to create stability in the economy and by extension foster industrialization under a peaceful atmosphere.

3. Inflation under single digits.

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