Biodun556:

“We should realise that the naira is tumbling because we have not been producing for years.”





https://www.arise.tv/utomi-loans-nigeria-taking-to-shore-up-naira-are-meaningless/

Magabush1:
My question is why are all these our big men not producing , do they always have to become president to produce or what ? Why is everyone not trying to provide solutions in their little capacity, why is everyone waiting for the president to do everything. How can a new president who was sworn in less than 1 year turn the country into a production country. How long does it take to set up a big production company if I may ask. There are lots of questions to ask but I stop here. Can only the president change Nigeria the way we want it, what of governors,senators ,house of reps members ,LG chairmen etcz , where are they factored in this consumption to production era.

Mvnster:

That isnt all bad for starters, cocoa, rubber, oil palm, rice, wheat, we have the capacity, we only need the governors and lga chairmen to key in.

inoki247:
Lol wetin people want if dem defend the Naira una go complain as dem no defend Naira again we can see the disaster....

To the extent that Dollar is affecting Garri and Groundnut wey we no import...

casualobserver:
This is exactly what I have been saying. We have developed bad habits over the years. It is only through pain that people change bad habits.

The reforms are doing exactly what they are meant to do. To encourage exports, unfortunately the initial pain is severe because for now the only thing we have to export is food.

Lookmun:

That’s because you don’t know how many people have gotten their fingers burnt because they ventured into production. The environment is very harsh for production hence why foreign companies are leaving in droves.

Leadership offers a unique opportunity to confront the bottlenecks. It’s not a roadside mechanic or a teacher that will confront the organized crime of oil theft or insecurity. Rather than make excuses for leaders living largesse yet doing nothing, it’s our responsibility to demand accountability from them.

Biodun556:
Shoring up the naira simply means defending the naira by subsidizing the dollar while at the same time paying fuel subsidies

Tinubu is right but people won't understand

We have been operating pseudo economy for long

PastorOlokonla:


Tinubu does not patronize our local doctors, he will always fly to France for medical treatments paying in foreign currencies. Same with Buhari and I never hear people like yourself complaining.

casualobserver:


Let me explain something to you. We have used up all our lifelines. The economy will sustain even N3000 liter if that is where petrol gets to. The country will sustain whatever level the Naira gets to because at the stage we are right now, we have more or less lost the ability to shape our destiny in the short term due to the recklessness and indulgence of the past by both leaders and the citizens and if it doesn’t then it doesn’t. You talk as if we have choices....we dont!!!

we 1) can’t afford to subsidize petrol or forex.


So if you had any sense, you will start to change your consumption habits.

I don’t think you people get it. When other countries are very militant about protecting local jobs and consuming local products this is why. We have been living on borrowed time for decades now it is the time of reckoning, the time to pay.

If you like be playing politics and blame game. We are where we are and there is nothing anyone can do especially if you refuse to change your consumption habits and your entitlement mentality to foreign products.

The one thing I blame this govt for is the insensitivity in the conspicuous consumption of foreign luxury items (especially Jeeps) at this time. Very insensitive and an own goal. But be under no illusion there is no way out of this but pain. I have said it many times, pain is the only way people change their habits.

Biodun556:
Shoring up the naira simply means defending the naira by subsidizing the dollar while at the same time paying fuel subsidies

Tinubu is right but people won't understand

We have been operating pseudo economy for long

casualobserver:
This is exactly what I have been saying. We have developed bad habits over the years. It is only through pain that people change bad habits.

The reforms are doing exactly what they are meant to do. To encourage exports, unfortunately the initial pain is severe because for now the only thing we have to export is food.

J3susFr3ak:


Do you know what I think? I definitely think that unless you push these so-called Governors to a critical do or die point....as in to the point of deliberately WITHOLDING a state's FAAC until they have provided serious evidence of cultivating millions of hecters of various crops in their domains and aggressively bombarding these terrorist herdsmen and their economic sbaotage....nothing might happen.

The Governor's Hail Mary escape has always the easy oil-dependent monthly FAAC.

But when you begin to connect any state's FAAC to proven farm output ....that is when they will slap themselves up and begin to go down to the grassroots and get things done.

Most prefer Abuja for now.

inoki247:



If you don't understand my explanation then that's your problem the answer is already dere...


Currency floating made selling to neighboring countries more lucrative right now than before they make little gain....


So how's my explanation not enough....


If you sell to neighboring country with the floating you gain more than selling to Nigeria so presently more people prefer to sell to neighboring country than the before the population of people wanting to sell outside are more than before...


At least av explain in ABC for you...


If the currency floating is reversed people will not sell outside the country anymore that much the population of people wanting to sell to neighboring countries will reduce again....

lexy2014:


were farmers not selling their produce to neighbouring countries before now?

are they the ones that take their produce to neighbouring countries to sell?

how did these farmers know about floating of naira ad otherwise?

what about farmers in the south? are they not selling to neighbouring countries?

inoki247:



If you've problem with what I'm saying na u know it seems you've comprehension issue...


In all my explanation I didn't mention region I said Farmer I didn't mention wether North or South I'm talking from experience....

Same people go to the farmers straight to buy straight with the intention of taking it to other country....


And if you still don't understand I wish u well...

Watianoengineer:
Yet they keep blaming president Tinubu as if he is the cause of the current hardship. A country that imports common toothpick and produces nothing should not be surprised when hunger comes knocking. This is why we all have to support the renewed Hope Agenda of our president in turning things around for the greater good. It won't be easy but we will all smile at the end. Let's forget that inexperienced man called Peter Obi and his shenanigans and concentrate on our repositioning our country

Mvnster:

Alternatively allocations from the centre should be pegged at the igr from each state.
Ideally we should return to regionalism and scrap these states, their responsibilities should be handled at the local govt level, coordinated at the regional gov board.

Watianoengineer:
Yet they keep blaming president Tinubu as if he is the cause of the current hardship. A country that imports common toothpick and produces nothing should not be surprised when hunger comes knocking. This is why we all have to support the renewed Hope Agenda of our president in turning things around for the greater good. It won't be easy but we will all smile at the end. Let's forget that inexperienced man called Peter Obi and his shenanigans and concentrate on our repositioning our country

englishmart:
Taking loans to improve the Naira is counterproductive. It's just like drinking alcohol to forget your sorrows. The sorrows didn't leave, they were just suppressed. When you sober up, you return to facing the problems you're cowardly evading.
Nigeria needs a permanent solution. Until we start being productive, the Naira will keep Venezuelaing.

Emilokan has been clueless since his alleged days in Chicago. Someone who graduated from a school before it was founded.
Don't be surprised, Pablo Ecowas could be from a village in Togo.

Watianoengineer:
Yet they keep blaming president Tinubu as if he is the cause of the current hardship. A country that imports common toothpick and produces nothing should not be surprised when hunger comes knocking. This is why we all have to support the renewed Hope Agenda of our president in turning things around for the greater good. It won't be easy but we will all smile at the end. Let's forget that inexperienced man called Peter Obi and his shenanigans and concentrate on our repositioning our country

Biodun556:
Shoring up the naira simply means defending the naira by subsidizing the dollar while at the same time paying fuel subsidies

Tinubu is right but people won't understand

We have been operating pseudo economy for long

Olaideolayemi:
I think, God almighty will guide Nigerian on best ways of solving economic,social,and Political problems facing this country..There are so many policy to implement and also so many bad eggs to change in governance..

popular101:

. Oga at the top... I greet you