Aburi001:
Why can't the CBN release Lloyd this money at once?

Let the dollar exchange for 200 naira at once please!

After releasing all the money at once, the dollar will fall to #50 per $ within 1 week. After that week it will become #2300 per $ after a month then there'll be inflation and your salary will not be able to buy anything again. I hope you get.

slendxy:
I'm worried about the long term effect of this injection. Its like dressing a wound instead of treating it.

Treating the wound takes time. in the main time if you don't dress the wound, It'll get infected and in no time there will be no injury to treat because there will be no leg.

What a stagflation in Nigerian government ....God Help us

buffalowings:


You say wetin

Inject me with dollars

Sunnyja:
Foreign investment! I guess you are trying to crack some jokes.

So you think Zero foreign investment comes into the Country?

You sure must b kidding me

dotun365:
After releasing all the money at once, the dollar will fall to #50 per $ within 1 week. After that week it will become #2300 per $ after a month then there'll be inflation and your salary will not be able to buy anything again. I hope you get.

Nice analysis my G. Thanks!

dotun365:
Treating the wound takes time. in the main time if you don't dress the wound, It'll get infected and in no time there will be no injury to treat because there will be no leg.

I don't mean dressing the wound in that light. I mean just covering it with bandage or plaster without cleaning the surface and applying ointments. It will only fester the wound.

I just hope they know what they are doing anyway but I highly doubt that.

Still hasn't save the dollar

The CBN is doing a great job of holding the economy in one piece. Things could have been far worse than there are now. The interesting thing is how the Bank has stayed the course despite initial heavy resistance, and ongoing criticisms of the CBN's approach. Things haven't got worse as naysayers predicted.

I think the CBN is on track.

I remember reading some months ago that much of the efforts to end the recession has come from the CBN in the form of monetary policy actions, but that there needs to be increased fiscal activity from the Ministry of Finance and the Ministry of Budget and Planning. As there have been recent boosts by these ministries. I think things will continue to improve.

slendxy:


I don't mean dressing the wound in that light. I mean just covering it with bandage or plaster without cleaning the surface and applying ointments. It will only fester the wound.

I just hope they know what they are doing anyway but I highly doubt that.

Naijastatesman9:
I think the CBN is on track.

I remember reading some months ago that much of the efforts to end the recession has come from the CBN in the form of monetary policy actions, but that there needs to be increased fiscal activity from the Ministry of Finance and the Ministry of Budget and Planning. As there have been recent boosts by these ministries. I think things will continue to improve.

I hope so.