President Bola Tinubu has assured that the current momentum that Nigerians are seeing with respect to strengthening of the naira against other major currencies including the dollar will be sustained and not going to slow down.

This disclosure is contained in a press briefing by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, with State House correspondents on Friday, March 22, 2024.

Ngelale said the efforts put in place by the president in collaboration with other agencies of government and the Central Bank of Nigeria (CBN), in dealing decisively with sharp practices on certain cryptocurrency trading platforms, dealing decisively with sharp practices within the parallel market of the foreign exchange ecosystem are now yielding fruit.

Buy Made-In-Nigeria goods to strengthen the naira – Presidency

https://www.hawkersv.com/2024/03/naira-will-continue-to-beat-us-dollar.html

I don't understand. How is Naira beating Dollars.

Or does he mean Naira will continue to rise in value?

Hawkersv:
President Bola Tinubu has assured that the current momentum that Nigerians are seeing with respect to strengthening of the naira against other major currencies including the dollar will be sustained and not going to slow down.

This disclosure is contained in a press briefing by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, with State House correspondents on Friday, March 22, 2024.

Ngelale said the efforts put in place by the president in collaboration with other agencies of government and the Central Bank of Nigeria (CBN), in dealing decisively with sharp practices on certain cryptocurrency trading platforms, dealing decisively with sharp practices within the parallel market of the foreign exchange ecosystem are now yielding fruit.

Buy Made-In-Nigeria goods to strengthen the naira – Presidency

https://www.hawkersv.com/2024/03/naira-will-continue-to-beat-us-dollar.html

We have agreed to buy made in Nigeria but you should try to persuade our governors to patronize innoson who is into manufacturing and other vehicle assembling companies in Nigeria.

How? Isn’t dollar beating Naira right now? How is Naira beating the dollar? This his “will continue” is confusing me🤔

Until $1 = N0.99k(or less) that is when Naira is beating the dollar

We pray so.

Super story

You mean Naira will continue to struggle with dollar sir? Cos beat in this sentence is confusing...

meum:
How? Isn’t dollar beating Naira right now? How is Naira beating the dollar? This his “will continue” is confusing me🤔

Until $1 = N0.99k(or less) that is when Naira is beating the dollar

"Is beating" is continuous
"Will beat" continuing into the future
"Had beaten" past perfect. (Not here yet)).

The first two will eventually give birth to your last sentence. Economics is far from nsogbu nsogbu

Hehehe

Unfortunately, isnt reflecting in price of goods and services, due to WE NIGERIANS GREEDINESS...
watch as price of goods wil go up immediately there is naira fall, but difficult to come down, when the same naira appreciate..

Benwallt:


"Is beating" is continuous
"Will beat" continuing into the future
"Had beaten" past perfect. (Not here yet)).

The first two will eventually give birth to your last sentence. Economics is far from nsogbu nsogbu

How much was it when Tinubu took over?

Economics is not propaganda

If it is working, it will reflect on the livelihood of the common man. If it's not working, no amount of propaganda can change it.

Nice one, Mr President.

Nigeria go betta.

Ofunaofu:


How much was it when Tinubu took over?

Economics is not propaganda

If it is working, it will reflect on the livelihood of the common man. If it's not working, no amount of propaganda can change it. 

Tell us how much billions of dollars Emefiele used to defend the naira. You guys celebrate fake value of naira in the past.

Putindbutt:

Tell us how much billions of dollars Emefiele used to defend the naira. You guys celebrate fake value of naira in the past.

Is that what you were told? Is the naira not being defended at the moment? 

But when the naira was crashing against the dollar at an alarming rate, you all said that the naira was undervalued; in fact,  it was finding its true value.

Is this current price the true value of the Naira?

Like I stated earlier, economics is not propaganda.

If it is working, it will surely reflect on the livelihood of the common man; if it's not working, no amount of propaganda can make it work.

Ofunaofu:


How much was it when Tinubu took over?

Economics is not propaganda

If it is working, it will reflect on the livelihood of the common man. If it's not working, no amount of propaganda can change it. 

What reflection are you looking for? If a dollar is equal to a naira. Nothing will still change. That's one thing obidients don't get when they're shouting dollar dollar.

If you want to build house in Nigeria today practically everything you need for the house is produced in Nigeria, from cement, to sand, to granite, to nails, to wood, to iron, to roofing sheets or tiles. Therefore, building a house should have been the cheapest thing in Nigeria because the raw materials are sourced locally and have nothing to do with dollar.

Only lazy People shout dollar dollar from morning till night

Ofunaofu:


Is that what you were told? Is the naira not being defended at the moment? 

But when the naira was crashing against the dollar at an alarming rate, you all said that the naira was undervalued; in fact,  it was finding its true value.

Is this current price the true value of the Naira?

Like I stated earlier, economics is not propaganda.

If it is working, it will surely reflect on the livelihood of the common man; if it's not working, no amount of propaganda can make it work.

Lol.. the difference between official and blackmarket is less than 50naira, so what is government defending?. You want to compare to when dollar was 460-780 at official-parrallel market.

Now is becoming clear that even of the naira continues to appreciate against the dollar, and the prices of goods no come down then there's no usefulness, greed is what will kill us eventually especially in this south.

Putindbutt:

Lol.. the difference between official and blackmarket is less than 50naira, so what is government defending?. You want to compare to when dollar was 460-780 at official-parrallel market.

but a dollar was 1500- 1900 at official-parrallel under this calamitous Tinubu regime a couple of weeks back.

putindbutt

How do you measure performance?

Tinubu government met Naira exchanging at N780 to a dollar, Crashed it to the extent that it almost getting to 2000 to a dollar

Nigerians will take Tinubu serious when Naira begin to exchange at below N700 to a dollar.

For now, it's all propaganda

Benwallt:


What reflection are you looking for? If a dollar is equal to a naira. Nothing will still change. That's one thing obidients don't get when they're shouting dollar dollar.

If you want to build house in Nigeria today practically everything you need for the house is produced in Nigeria, from cement, to sand, to granite, to nails, to wood, to iron, to roofing sheets or tiles. Therefore, building a house should have been the cheapest thing in Nigeria because the raw materials are sourced locally and have nothing to do with dollar.

Only lazy People shout dollar dollar from morning till night

The machinery use is turning the raw materials into finished goods is source from where

Honestly, Agbadorians and Bulabans are the worst set of homosapiens to have ever emerge on the surface of this planet earth

Ofunaofu:


The machinery use is turning the raw materials into finished goods is source from where

Honestly, Agbadorians and Bulabans are the worst set of homosapiens to have ever emerge on the surface of this planet earth

The machineries are like cups of rice that are bought every minutes of the day. Dangote, BUAD and plethora of them bought their machines on a daily.

Obidients are blind beings. The dregs from the worst dustbins on the planet.

Benwallt:


The machineries are like cups of rice that are bought every minutes of the day. Dangote, BUAD and plethora of them bought their machines on a daily.

Obidients are blind beings. The dregs from the worst dustbins on the planet.

Don't make it look like a high dollar rate has no impact.

There's no doubt that these machines aren't bought like cups of rice.

But they deteriorate with time, which requires maintenance and, most times, outright overhauling. Huge investments are made in these things.

Do not forget that new industries are also springing up that require huge investments in machinery.

Take it back to 700 you met it before bragging

Putindbutt:

Tell us how much billions of dollars Emefiele used to defend the naira. You guys celebrate fake value of naira in the past.

And the billions of dollars the drug man borrow from imf and co to stabilize the value of naira is what?? Hypocrite

Is innoson the only indigenous vehicle assembler. We have Nord, Gac, Peugeot. Why always singling out one

caleboxylic:


We have agreed to buy made in Nigeria but you should try to persuade our governors to patronize innoson who is into manufacturing and other vehicle assembling companies in Nigeria.

chefremy:
Now is becoming clear that even of the naira continues to appreciate against the dollar, and the prices of goods no come down then there's no usefulness, greed is what will kill us eventually especially in this south.

Oga, why not open shop and sell your goods cheaper, people will patronize you. Stop making noise online.

NPFLADMIN:
I don't understand. How is Naira beating Dollars.

Or does he mean Naira will continue to rise in value?

Professor Tinubu naa Olodo somebody, don't take his words serious

Ofunaofu:


Don't make it look like a high dollar rate has no impact.

There's no doubt that these machines aren't bought like cups of rice.

But they deteriorate with time, which requires maintenance and, most times, outright overhauling. Huge investments are made in these things.

Do not forget that new industries are also springing up that require huge investments in machinery. 

Agreed. The dollar to me shouldn't be the reason why almost every price of commodities have gone over the roof. I think what we should shout more about is the price of fuel, diesel and the likes.

NPFLADMIN:
I don't understand. How is Naira beating Dollars.

Or does he mean Naira will continue to rise in value?

Don't take Tinubu's words seriously, naa Agbado chief

Tinubu I see what u did there.

U brought us to the least low, and started compensating in bit just for it to seem u are working.

Just like someone owing 5k, borrowing another 50k making it a total of 55k only to pay back in bits to offset the debt.

Bunch of clowna in FG.

Benwallt:



Agreed. The dollar to me shouldn't be the reason why almost every price of commodities have gone over the roof. I think what we should shout more about is the price of fuel, diesel and the likes.

Good

We are all suffering from the policies of the current government. There's no different price for Obidients and another price for Tinubu supporters. Everyone buys from the same market.

But I find it funny and repulsive when Tinubu supporters turn genuine and valid concerns of patriotic Nigerians into tribal and ethnic warfare.

kereman1:
Tinubu I see what u did there.

U brought us to the least low, and started compensating in bit just for it to seem u are working.

Just like someone owing 5k, borrowing another 50k making it a total of 55k only to pay back in bits to offset the debt.

Bunch of clowna in FG.

Criminals everywhere