Ofunaofu:


I am not hoping that things get worst, I want things to get better but Tinubu isn't making things get better. He doesn't have the capacity to make things better

LegendHero:


PDP met it at N28 in 1999. Why did they left it at N216?

LegendHero:
Kudos to Yemi Cardoso.

According to Bloomberg, Naira is the best performing currency in the world for the month of April.

Cardoso should fire on until it comes to a record low. Wale Edun should step up his game on the fiscal side too to competent the monetary side.

To the saboteurs who are shouting “Keep your dollar close”, you will suffer for 1000 years when that dollar in your hand become worthless because the value has decrease 100% of what you got it.

marsman:

The fool does not know we have been defending dollars since the time of Abacha. He thinks it was because of good governance that turned Nigeria into a dumping ground.

blamingthedevil:


you don't understand that Nigeria was wasting $20 billion yearly to defend Naira which has been removed. So you want the waste to continue?

DMerciful:
Emefiele's policy eventually after rigmaroling

DMerciful:
Was that not among the reasons Nigerians removed the PDP?

DMerciful:
Defending naira has been removed? You're so ignorant

LegendHero:


So na Emefiele policy make black market rate less than bank official rate?

Anybody supporting Peter Obi no dey ever reason well so I am not surprised.

DMerciful:
The naira is still being defended. Infact its penny wise, pounds foolish because its been defended at a price that does not favour the govt nor the citizens

blamingthedevil:


Yes ... what is your point?

LegendHero:


Then stop comparing PDP to APC everytime.

LegendHero:


Yes just as how una dey adamant say your gbajue Obi won.

If they ask you for proof that Naira is being defended now, you go dey cry to CNN.

If na the article that guy for that blog wrote, Same guy don dey talk something else.

So tell me the mechanism CBN use in “defending” the naira. All the amount sold to BDC no even reach 10% of the actual market size for normal window.

Since you supported a third class Gbajue like Obi, I know you won’t know this.

DMerciful:
You know its been defended but continue, lets see how far they can go

LegendHero:


Your attempt at sarcasm failed because you don’t understand basic arithmetic.

—PDP did almost 8x
—APC as at now are still 6x

You either condemn both or applaud both. You can’t use selective appraisal.

predictor1:
He said you should explain with proof. ABI we should just take your word for it?

predictor1:
He said you should explain with proof. ABI we should just take your word for it?

Lizzysamuel:



216-28 that's 188 difference.

1200-216 that's how much Agbadorian?
I don't even want to mention the 1950 ATH you guys took it too.

Lizzysamuel:



216-28 that's 188 difference.

1200-216 that's how much Agbadorian?
I don't even want to mention the 1950 ATH you guys took it too.

Lizzysamuel:



216-28 that's 188 difference.

1200-216 that's how much Agbadorian?
I don't even want to mention the 1950 ATH you guys took it too.

DMerciful:
You know its been defended but continue, lets see how far they can go

LegendHero:


Lol, you’re using absolute number instead of percentage?

Typical of Obi supporters, they are just as basic in reasoning as the dull Peter Obi.

DMerciful:
It has not. You know nothing!

Even with access to the internet, you're so ignorant. Petrol subsidy and naira defense are still in full force

LegendHero:


So you have no proof?

blamingthedevil:

Talk like a professional educated person, stop throwing insults ...how is naira still being defended?

Lizzysamuel:



216-28 that's 188 difference.

1200-216 that's how much Agbadorian?
I don't even want to mention the 1950 ATH you guys took it too.

predictor1:
How? In the past government supported the naira with as much as $20bn In a single financial year only for bankers to take dollars to the black market and make huge profits. Now even the black market rate is lower than official rate. Removing subsidies will actually help Nigeria's economy and future better than leaving the huge subsidy regimes in place.

In Argentina today they're crying as inflation is 270% and they devalue their currency almost every month. Prices of basic goods increase by the hour. The same mistake Nigeria made for years was what they made too: crazy subsidies and not floating their currency. You should thank God for Tinubu.

If Argentina is too far you might want to check out Iran and Lebanon. Iran has the world's second largest oil reserves. They subsidized madly like Nigeria from fuels to cooking oil and sugar. Today those same subsidies have messed up their economy and led to shortages. Today in Iran fuel is being rationed. There's a limit to how much fuel you can buy in a week. You are given a ration card. Is that what you want for Nigeria

Or you want to try Lebanon where their currency has fallen to 89,000 Lebanese pound to a dollar due to unbridled subsidies like Nigeria before Tinubu?

I can go on and on but time will not permit me. Just know this: no one destroyed Nigeria in recent times as badly as Jonathan and Buhari. Jonathan was even a bit better because Okonjo advised him to stop the subsidies and he wanted to but he allowed the likes of Tinubu to bully him. Bihari was a total disaster.