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Nairaland Forum / Nairaland / General / Business / It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves (28028 Views)
Disquiet In CBN As Cardoso Retires ‘Emefiele’s Directors’ / Black Market Welcomes Cardoso With ₦960/$1, P2P Now ₦970/$1 / Naira Weakens At Forex Market As Foreign Reserves Drop To $43b (2) (3) (4)
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It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by nlfpmod: 10:13pm On Apr 17 |
https://www.youtube.com/watch?v=LUF3Ule4j04?si=VfgDlxZPXcc2y3tI The CBN Governor, Yemi Cardoso, has addressed concerns regarding the decline in Nigeria's foreign reserves. He clarified that the CBN under his leadership does not have plans to depend the Naira and emphasized that Nigeria has financial obligations that must be met. Imran Muhammad 24 Likes 6 Shares |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by SonofIsima(m): 10:16pm On Apr 17 |
G |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by Nbotee(m): 10:16pm On Apr 17 |
Hahahahah.. So that is to say you are unintentionally defending the naira 76 Likes 6 Shares
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Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by Alexlalax1(m): 10:16pm On Apr 17 |
Una go explain tire. Government of propaganda, for propaganda and by propaganda. Una go soon run the country down.....make una kwantinue. To the agbadorians below mentioning me, una go quote tire. No reply cuz me and anything deranged can't be in the same sentence. Una go soon cry blood. 85 Likes 8 Shares |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by AqualinaXYZ: 10:17pm On Apr 17 |
Cadoso abi wetin them dey call you Your tactics isn’t different from that of a JSS 3 student Robbing Peter to pay Paul You and your Oga no get sense normally na una Agbado miscreants dey hype una before we know sa una no get sense Una be Mumu 100 Likes 8 Shares |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by LAXconfidential(m): 10:17pm On Apr 17 |
So basically, it's not your intention but you're doing it anyway. Then why float the naira? Why put us through all this suffering only to go back and be doing the same thing after things have become worst? Is it that these guys don't think before making decisions? They removed subsidy and floated naira at the same time. Dollars shot upwards immediately and by the time they realised they had made a mistake and decided to go back to paying subsidy and supporting the Naira just as Buhari was doing, the dollar equivalent of the 400Billion Buhari was paying for fuel subsidy monthly has become over 900 Billion. Now they're paying 600 Billion as subsidy. To get us back to the 200/lt we were paying before, they will have to pay the full 900 Billion plus. So tell me, why didn't these guys just continue with Buhari's style? They wanted to be different. Now see where it has landed us? Unprecedented suffering while subsidy is STILL being paid. Why then did we suffer? Why then did we have to go through all this hardship? What's worse is that most Nigerians don't know the all what I've just said because the APC are masters of propaganda. They know that our achilles heel, our weakness, is tribalism. So they make you more worried about Peter Obi being a pretender, or Bobrisky going to jail for 6 months, and other frivolities, just to distract Nigerians from what is most important. Most people don't even know that they're SUFFERING FOR NOTHING! SUFFERING FOR ONE MANS FOOLISHNESS!! Bola Tinubu, the least you can do is atleast own up to your mistakes and apologise to Nigerians. You owe us that much. A LOT of people have lost their jobs, companies have folded, people have committed suicide, marriages have ended, futures have been derailed and dreams shattered, all because you made a life altering decision out of the sheer euphoria of being sworn in as commander in chief. Baba, do the honourable thing and apologise to Nigerians. At least we can start the healing process from there. 163 Likes 20 Shares |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by AqualinaXYZ: 10:17pm On Apr 17 |
46 Likes 4 Shares |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by AqualinaXYZ: 10:17pm On Apr 17 |
LegendHero: You need your 32k stipends my dear If them born you well say otherwise and kiss your 32k goodbye Unity beggars 71 Likes 4 Shares |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by Ikemba007: 10:17pm On Apr 17 |
Why mentioning everything publicly? 3 Likes |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by Melagros(m): 10:17pm On Apr 17 |
COMRADES, lies from the CBN governor, APC's miscreants thought that tinubu would make them have 'bipolar disorder' unfortunately they didn't know that Tinubu would make Nigeria a living hell for them ![]() 20 Likes 1 Share |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by tollyboy5(m): 10:17pm On Apr 17 |
![]() Some people have been explaining this stuff that people are just speculating. CBN cleared forex backlogs and paid several debt is it your extra free donations that did that? ![]() Last last pressmybutton and the other guys like legendHero are right. No be sey I dey support APC but respect Lagos men ![]() socialmediaman 11 Likes 2 Shares |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by Themanleshey: 10:17pm On Apr 17 |
So what does this mean ? 🤷♂️ 3 Likes |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by Femich18(m): 10:18pm On Apr 17 |
Come out straight 3 Likes |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by charleymed(m): 10:18pm On Apr 17 |
It seems I don't understand English anymore. What is he actually saying? 8 Likes |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by Homiesjinxbank: 10:18pm On Apr 17 |
Lol CBN Governor is high.. 22 Likes 1 Share |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by iichidodo: 10:18pm On Apr 17 |
I don't see the need of a hullabaloo on the size of our foreign reserve, especially if it's used in something as crucial as improving the intrinsic value of the currency used and transacted by millions of Nigerians. If 2Billion$ helps to push naira from 1900 to 1100, then say another 4Billion$ can help us get to at least 200 naira. Now if 1$ equals to 200# in 2024, you wouldn't fail to realize that cash and savings of millions Nigerians just got far more valuable . What's the need of a foreign reserve, if it cannot help to execute crucial macroeconomic function we just highlighted before....And las las, we have crude oil sales to replenish the reserve... 46 Likes 3 Shares |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by datola: 10:18pm On Apr 17 |
Hmmm. Oga Cardoso should be careful granting interviews on issues of exchange rate. The saboteurs are waiting to capitalise on any loophole. 27 Likes 4 Shares |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by NGArmyTerrorist: 10:18pm On Apr 17 |
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Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by Hambivert: 10:18pm On Apr 17 |
Nigeria, under this government do not have any solid fiscal policy. Everything seems to be tentatively driven. No great Nation can depend on that. 5 Likes |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by NwaNimo1(m): 10:18pm On Apr 17 |
Looter ![]() 8 Likes |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by FreeStuffsNG: 10:19pm On Apr 17 |
Absolutely! 1 Like |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by ojun50(m): 10:19pm On Apr 17 |
Go ahead |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by Bliztzer: 10:19pm On Apr 17 |
nlfpmod: E be like say dem don scam us again. So naira go fit dey fall again anytime soon. 14 Likes |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by Strap: 10:19pm On Apr 17 |
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Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by hyperflex(m): 10:19pm On Apr 17 |
As Nigerians let us spend our currency. Almost every major sector before was changing Naira to the Dollar. Oil and Gas, Real Estate, Aviation, Government. Let's all strengthen our own money. 18 Likes 4 Shares |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by PotatoSalad(m): 10:19pm On Apr 17 |
Abracadabra so so sweet like ofada ![]() 8 Likes |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by LARRYOBRAIN(m): 10:19pm On Apr 17 |
Thank you Cardoso 10 Likes 4 Shares |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by Toluabigr8(m): 10:19pm On Apr 17 |
Though I didn't support this govt from onset....but I kinda believe and have confidence in TINUBU administration now... Whatever Tinubu, wale and Cardoso are doing, they shouldn't stop...press that dollar neck no let ham breath 27 Likes 4 Shares |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by godwinstringed1(m): 10:19pm On Apr 17 |
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Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by olisaEze(m): 10:20pm On Apr 17 |
Why are people in this country given to unnecessary ambiguity for chrissakes! He left more questions than answers behind, after he broached the topic himself without prompting. A simple yes or no would have just sufficed, not all this meaningless rigmaroles. Wetin concern intentions inside the matter wen you no be Justin Bieber. It’s a psychological fact that only liars avoid giving straight answers to simple questions. ![]() 8 Likes |
Re: It's Not Our Intention To Defend The Naira - Cardoso Speaks On Foreign Reserves by naijaboy756: 10:20pm On Apr 17 |
The government or its supporters Who is stupider ![]() 4 Likes |
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