All the food baskets state are under attack: Benue, Niger and Bornu.

obiekunie01:
they should stop using our reserve to stabilizer Naira.


this problem can be solved within 2 years if we pay attention to agriculture.

The government should disburse grants to farmers nationwide and setup committee to monitor the grant beneficiaries.

by next harvest, food will be plentiful and their will be food surplus.

LandMann:


Tinubu's government and Cardoso are afraid of northerners who control 99.999% of BDC operations.

Selling to them at 1021 is some sort of bribery/subsidy to some powerful northern people to keep them from revolting against Tinubu government. Divide and conquer strategy.

Now ask yourself, why government will choose to subsidise dollars for some northerners while preventing 100% of southerners to legally access dollars for their needs through ATM debit cards to make purchases online without going through middle man BDC operators who will sell it at a higher price to the common man

This is the same illegal arbitrage opportunity the CBN governor and Tinubu is creating but they'll pay some foolish people 25k monthly to keep pushing out propaganda that crypto is that Binance is the problem of the naira.

Binance has shut down. They'll soon latch onto another victim to blame for their corrupt and incompetent policies

You clowns will always find ways to criticize the government. Even with biased and unproven narratives.

Shattuck:
maybe Bloomberg report was right afterall, I think the govt is using our foreign reserve to stabilize the naira.

Bloomberg never said so

When you tell people that the current fx rate is not sustainable , them will argue it let them keep using our reserve to service it, no one will sustain lie forever people are not asking for much just 4 transparency not raising our hope and expectation high only to leave us stranded half way (( nigeria will be great again))

judedwriter:
I thought one celebrity pastor said he made the dollar to fall by his powers....

Hope his powers hasn't fallen as well.

It's well with the naira.

You are talking about Odumeje who we all know to be an illiterate noisemaker...

What about Mr. Know-it-All, Reno Omokri who claimed the Naira massively appreciated because he convinced most Nigerians to shun foreign products and solely patronize locally made ones?!!

/
/

What is wrong with CBN ooo

SenecaTheYonger:
This man called cardaso has destroyed the naira.

Is this not how volatile cryptocurrency is? How can you turn your main currency into cryptocurrency?

How can anyone do business with such an unstable currency?

That's why as a business man when you peg your goods at a certain amount

Don't heed to any advice of bringing it down until the exchange is stable. If you carry your church mind and go ahead and reduce the price...then expect to be in the village soon

post=129622044:
This Is Too Much, How Mr Blogger Go Buy Am?

Good news. Let them keep defending naira with our foreign reserve until the money finishes. They'll know why China devalued their local currency cuz they need to grow their nation foreig reserve(dollar). Prices of goods are growing everyday yet dollar rides everyday. Trial and fail government.

judedwriter:
I thought one celebrity pastor said he made the dollar to fall by his powers....

Hope his powers hasn't fallen as well.

It's well with the naira.

the man traveled to London and Naira fell.

Every thing in Nigeria is now a cryptocurrency the price can range between 0-1000 in a day...

All thanks to tinubu... Even the price of food stuffs behave like cryptocurrencies... Imagine

jkpbestseries:
so many are very happy now

It is not about the people. Naira is taking shape of the reality of the real naiaja issue. And only government have sole power to fix this

SSpeter:
the man traveled to London and Naira fell.

So we should wait for him to come back to stabilize the naira abi?

judedwriter:


So we should wait for him to come back to stabilize the naira abi?

yes lolz

Hoelujohn:

What benefits is the reserve o? Dont Nigeria generate forex again from crude oil sales?

That's the problem, I personally don't think the depletion of our reserves will cause the naira value to drop. We sell crude oil and place the monies back into the reserve so the reserve should appreciate.

Donald7610:

Bloomberg never said so

it did in a previous report but not factually though it was more like an opinion from them on the likely cause of our reserve depletion.

Hoelujohn:

What benefits is the reserve o? Dont Nigeria generate forex again from crude oil sales?

Buhari don collect 2yrs upfront payment for Nigerian crude since!!

Ejooor oo, how can I get this dollar before it reaches 6k?? I won buy plenty dolls since this trial and error continues rendering Nigeria's naira useless

jkpbestseries:
so many are very happy now

Why are you folks like this? What is good about naira depreciating? That yous see citizens mocking the government doesn't mean they are happy it means they aren't happy with what the government is doing unless you are just a sycophant who only praise the government because of the selfish benefit they stand to gain. Don't know when you all can't see this, most of these guys who taunt government for their bad policies are actually the patriots who want Nigeria better.

kellyjc:
How some hopeless and useless vagabonds that claim to love Nigeria while supporting the dumbest to rule over it was supposed to be a suprise to me but I always remember why they are called zombies. They blame binace, bet9ja and the aboki next street for damaging Nigeria as if those people only started operation few weeks ago just to tarnish the already battered Tinubu's image while they pray for Tinubu,Akpabio and Gandollar to succeed.
Timbom Timbom government. The only thing They are good in is stealing carelessly.
Koni da fun supporters of this evil government.

Obi is way too low to Fashola,Ambode and Sanwo Olu in terms of performance in office as governors not to talk of Asiwaju himself.

gammarays:
Who's next in line to be blamed?

Twitter
BBC
PUNCH
OBJ
Naija-Cover 😂😂

You can add yours

You Have Started Again 😦

Blaze14k:


It's not about being happy. Since last week till now business is very slow I don't understand if the country is about to break down. Things are really slow

You Obidients are historically senseless.
When dollar fell, you were crying that the fall was artificial. Now that it rising, you are crying that business is slow.

Angelfrost:


Sigh... No wonder Reno Omokri face Peter Obi with so much passion since this week started.

He wan distract him dull followers from this shocking reality.

he is buynaija in the mud ,that dude is mad, everytime he is posting exchange rate.

MatthiasChin:
This is the only news that gladens the soul of many...

There’s nothing more satisfying than exposing a liar and thief.

obiekunie01:
they should stop using our reserve to stabilizer Naira.


this problem can be solved within 2 years if we pay attention to agriculture.

The government should disburse grants to farmers nationwide and setup committee to monitor the grant beneficiaries.

by next harvest, food will be plentiful and their will be food surplus.

Grants that never get to the real farmers.

Black nations are hopelessly corrupt.

Brendaniel:
I have said it before and I'm saying it again....


Any dollar intervention or monetary policy from the CBN that does not make this current crop of politicians in power to fight or oppose the CBN is most likely not effective....

Some people think the problem of dollar is because of Binance and BDC's, those are secondary issues, the politicians are the biggest spoilers of the naira, if a single governor is using almost 1 million dollars to pay for only one of children's school fees, then imagine other expenses being run from his type right from the presidency down to councilors...

These guys are the biggest moppers of dollars in Nigeria and all because corruption that Tinubu is not ready to fight because he is also involved....

In thesame sentence you are accusing everyone. Cuz top politicians across the board constitute less than 2% of the populations but then we have ordinary citizens who are rich business men who also send their children over there for schooling or ordinary citizen travelling out with lot of resources while blaming nigeria as the problem. At what point do we realize that this is a collective effort. While we blame politicians we do similar at our level. At the first site of money, The average Nigeria. Is thinking of sending his child abroad for schooling or traveling there himself.

Hoelujohn:

What benefits is the reserve o? Dont Nigeria generate forex again from crude oil sales?

You still don't get it, Nigeria is running a deficit budget meaning our income is less than our expenditure that is why we borrow heavily

obiekunie01:
they should stop using our reserve to stabilizer Naira.


this problem can be solved within 2 years if we pay attention to agriculture.

The government should disburse grants to farmers nationwide and setup committee to monitor the grant beneficiaries.

by next harvest, food will be plentiful and their will be food surplus.

This they will not do. Abi you want their surreptitious Jihad to stop? And, do you really think APC wishes to solve Nigeria's problems? I put it to you that it's not their mission. Can't you see the quality of candidates they put out for the position of president? Buhari, Tinubu...
Everyone knows that if the Fulani terrorists attacking farmers and farms are dealt with the economy will improve immediately. But how do you expect the leaders to stop themselves? Not possible.

Basicend:


Exactly my brother.

Even, when the govt reduced it to about N1,000, they refused to reduce the price of their items.

You see ehn, bother yourself not about Nigerians.

hahahaha so thy should have reduced their price over a rate that is not stable....u are dreaming

I always knew that all these fire brigade economics is only a short term solution to a long-term problem.