post=74227729:
Very good development

Of course! Aisha and her cohorts will now round-trip around the dollars while those who really need it are denied.

This injection wey CBN dey give we economy so go fit bring our exchange rate to where e dey befor or na to just tanda where e dey? E be like say the syringe or the liquid wey dey inside nor fit make the economic improve o!

Manually injecting USD into the economy will only strengthen naira against dollar for a while before crashing even further. This is probably a move by the government to fool nigerians into believing naira is gaining traction since 2019 elections is around the corner. Lasting solution is to transform nigeria into a producing country rather than a consuming nation meaning more exports less imports.

helinues:
They have been injecting/pumping since eternity. Naira still remains 360/$

The think just weak me.

Shows Nigerian leadership doesnt have a clue...

The exchange rate reflects the strength of a country's economy. Strong economy = Strong Currency...

Buhari hasnt reformed a thing so the Nigerian economy is still weak..

But he lauds a fool wasting 250 million to prop up a weak currency..

supereagle:
Buhari is a bad leader, we want GEJ PDP back.Why?!====Under PDP GEJ Rice was N8000 Then, but under Buhari, Rice is N16,000;Therefore, PDP GEJ is better than Buhari.Another Reason?===Under PDP GEJ fuel was 87 Naira, but Under Buhari,fuel is now 145 Naira;Therefore, GEJ PDP is better than Buhari.Bring back PDP GEJ!Me:Under Abacha, Rice was N800, but under PDP GEJ, it jumped to N8000;Therefore, Abacha is better than GEJSecond Reason===Under Abacha fuel was N11, it jumped to N87 underPDP GEJ;Therefore, Abacha is better than GEJ.Bring back Abacha!===Only a motor park tout and badly educated people make warped arguments. First we don't produce fuel, crude oil is not petrol; we import fuel and food. Since both are based on importation, they are subject to foreign exchange factors.Our main source of foreign exchange earning is sales of crude oil. Under GEJ we earned more from crude oil, hence we had more money to subsidise importation of fuel and rice; hence the price differential. But under Buhari, the global crude oil price dropped from $94-120 under PDP GEJ to$28-65 under Buhari which explains why we entered recession because of lack of planning during the years of plenty.Some states had to be bailed out by the Federal Government because they couldn't even pay salary. How then do you expect the prices of fuel and food which we don't produce to be cheaper now than before?Next time, when semi-illiterates argue about basic economincs, you should do better and not join themby ridiculing the already useless certificates you parade around thereby making yourself butt of jokes among those who know.

u ve spoken wel bt r u sayn d system shud cntinue like ths? Wt r w doin 2 stop fuel importatn? Wel wt do i knw. .i jst felt ths admin wl do smethn differen d way em bn d sharp mouth

freemi:
u ve spoken wel bt r u sayn d system shud cntinue like ths? Wt r w doin 2 stop fuel importatn? Wel wt do i knw. .i jst felt ths admin wl do smethn differen d way em bn d sharp mouth

Things will get better. Things can't continue this way, the problem of Nigerians is that we want quick fix to everything, refineries are being built now in the country by the time they become operational, there will be less pressure on naira, when we start consuming our local rice, there will be less pressure on Naira. Buhari has laid down the foundation for things to move well. Yar adua wanted to do the same thing, but death snatched him away. If you can cast your mind back, the first term of OBJ was rough ,it was during the second tenure he started getting it right. Some Nigerians in politics then made more money instead of building refinery at home, they went to SA and Ivory Coast to build and getting crude oil allocations from Nigeria, refined and sent back to us. Buhari has broken that chain. When the trains are fully working well movement of goods and produce will be cheaper.

supereagle:
Buhari is a bad leader, we want GEJ PDP back.Why?!====Under PDP GEJ Rice was N8000 Then, but under Buhari, Rice is N16,000;Therefore, PDP GEJ is better than Buhari.Another Reason?===Under PDP GEJ fuel was 87 Naira, but Under Buhari,fuel is now 145 Naira;Therefore, GEJ PDP is better than Buhari.Bring back PDP GEJ!Me:Under Abacha, Rice was N800, but under PDP GEJ, it jumped to N8000;Therefore, Abacha is better than GEJSecond Reason===Under Abacha fuel was N11, it jumped to N87 underPDP GEJ;Therefore, Abacha is better than GEJ.Bring back Abacha!===Only a motor park tout and badly educated people make warped arguments. First we don't produce fuel, crude oil is not petrol; we import fuel and food. Since both are based on importation, they are subject to foreign exchange factors.Our main source of foreign exchange earning is sales of crude oil. Under GEJ we earned more from crude oil, hence we had more money to subsidise importation of fuel and rice; hence the price differential. But under Buhari, the global crude oil price dropped from $94-120 under PDP GEJ to$28-65 under Buhari which explains why we entered recession because of lack of planning during the years of plenty.Some states had to be bailed out by the Federal Government because they couldn't even pay salary. How then do you expect the prices of fuel and food which we don't produce to be cheaper now than before?Next time, when semi-illiterates argue about basic economincs, you should do better and not join themby ridiculing the already useless certificates you parade around thereby making yourself butt of jokes among those who know.

ur analogy is right


but what good has buhari done? what has he improved? okay , what plan does he have for the future? and whatever answers u might have ( which I seriously doubt) are those the best? can't someone else do better?

supereagle:
Buhari is a bad leader, we want GEJ PDP back.Why?!====Under PDP GEJ Rice was N8000 Then, but under Buhari, Rice is N16,000;Therefore, PDP GEJ is better than Buhari.Another Reason?===Under PDP GEJ fuel was 87 Naira, but Under Buhari,fuel is now 145 Naira;Therefore, GEJ PDP is better than Buhari.Bring back PDP GEJ!Me:Under Abacha, Rice was N800, but under PDP GEJ, it jumped to N8000;Therefore, Abacha is better than GEJSecond Reason===Under Abacha fuel was N11, it jumped to N87 underPDP GEJ;Therefore, Abacha is better than GEJ.Bring back Abacha!===Only a motor park tout and badly educated people make warped arguments. First we don't produce fuel, crude oil is not petrol; we import fuel and food. Since both are based on importation, they are subject to foreign exchange factors.Our main source of foreign exchange earning is sales of crude oil. Under GEJ we earned more from crude oil, hence we had more money to subsidise importation of fuel and rice; hence the price differential. But under Buhari, the global crude oil price dropped from $94-120 under PDP GEJ to$28-65 under Buhari which explains why we entered recession because of lack of planning during the years of plenty.Some states had to be bailed out by the Federal Government because they couldn't even pay salary. How then do you expect the prices of fuel and food which we don't produce to be cheaper now than before?Next time, when semi-illiterates argue about basic economincs, you should do better and not join themby ridiculing the already useless certificates you parade around thereby making yourself butt of jokes among those who know.

Your argument which is premised on comparing GEJ and Abacha is fundamentally flawed. Did GEJ take over from Abacha? What about the GDP of the economy during the time of Abacha compared to GEJ and of course the standard of living and purchasing power. Pls if you want to support govt, try and be intelligent about it instead of living up to ur appellation as a zombie!!

supereagle:

Things will get better. Things can't continue this way, the problem of Nigerians is that we want quick fix to everything, refineries are being built now in the country by the time they become operational, there will be less pressure on naira, when we start consuming our local rice, there will be less pressure on Naira. Buhari has laid down the foundation for things to move well. Yar adua wanted to do the same thing, but death snatched him away. If you can cast your mind back, the first term of OBJ was rough ,it was during the second tenure he started getting it right. Some Nigerians in politics then made more money instead of building refinery at home, they went to SA and Ivory Coast to build and getting crude oil allocations from Nigeria, refined and sent back to us. Buhari has broken that chain. When the trains are fully working well movement of goods and produce will be cheaper.

oke. Nice 1

Forex is the blood of every economy.The financial system of every country is regulated with the forex market.

yet again CBN inject huge funds into forex..
and naija econs is still still shaky.,,,,
I con da wonder weather una vaccine no de work. jst saying though.