IMF is mad!

IMF hell bent on finishing us as a county....Why not sell us all Nonsense

Na wa oooo.

We want good news in this country.

I stand with CBN on this. No need to devalue the Naira for now.

And I hope you all are seeing that all these international bodies don’t care about Africa they only care about the gains they would make from our beautiful paradise. Why haven’t they asked Nigeria to seriously deal with corruption before sending loans have any of you educated degree holding twats asked this question? . No instead you praise them with their big Grammar. Rubbis white people dont Care .

First time FG has made me proud.

Bleep IMF.

We know FG will agree. They are just saying this to deceive us, so that we won't say they did nothing about it. FG is indebted to IMF, they can't disagree for real.

ynotsadeek:
FG just dey disguise...They will still devalue it. All the signs are there. They deny initially, but still do it anyway and give it a different name, say no be devaluation.

You so know the antics of these wereys in Govt.

Penguin2:
I stand with the govt on this one.

I don't trust the IMF one bit.

Na nonsense advise wey dem give IBB in 1980s, na dia our degeneration take start.

They don't mean well!

They never do.

But we keep running to them begging them for more loan.

Just wait and watch if the government won't do it. CBN governor said it last year december. They are not getting this country right. Eventually the we devalue it last last. What a shame. Na common man go suffer a past

These international banks don't like us one bit

As if devaluation go solve our problem.

Their is no rule book when it comes to managing an economy.

If the Chinese where playing by the rules they would have still been slaves to the whites.

We must take our destiny in our hands.

The whites should never tell us how to run our race.

We no dey put mouth for their mata.

IMF Bleep u.

This is the result of depending mainly on imports rather than exports.


Even crude oil that is the mainstay of the Nigerian economy is more of a curse than blessing.

We produce crude oil for export only to be imported as refined products.


The collosal sum spent importing refined products would be eliminated if we refine domestically. Less pressure is put on the Naira.

Those piloting the affairs of this country know what to do but chose the present system because of the various loopholes for looting.

As long as you keep on borrowing, you must devalue Naira.
Maybe when Dangote refinery starts to operate, that would help prop up the Naira a bit. But right now, it's a free fall. Making people poorer everyday with inflation.

Agricultural produce that people used to export to bring forex into the country, Fulani bandits don't let farmers go to farm anymore, and the presidency encourages and defends the practice of cattle eating and destroying people's farms.

Las Las, this government will still go ahead and devalue, na so dem first talk before they later took the exchange rate to above 300 naira from below 200 naira that Jonathan left it.

Jonah507:


The 1980's wasn't advice but a condition before the requested loan could be approved. That was actually the beginning of Nigeria's economic problem. It was quite pathetic.

and here again imf has given condition for their loan like remove subsidy, increasing electricity tariff and devalue the naira, all this Nigeria has been doing all for the loan.and the funny thing is that the economy is growing worse day by day
I think the IMF need to understand this is not West and the fundermentals on which this policies could work is not there in Nigeria..... instead it's devastate the the whole thing

they only advice to reflect the actual value of the dollar as it's in the perellal market. not outright devaluation so get your fact right.

the perellal is 480 while official is 380.

They are trying to help


If you devalue the currency it will discourage importation as things will get too expensive and people will look for local alternatives, una want nigeria to grow but una wan give another country una money

Mumu citizens

I don't understand why u guys are causing out the IMF, this are bodies of economic experts who works with economic, technical and fundamental analysis to make forcaste and recommendations.. Since the beginning of the recession, what economic road recovery plan has the government embarked on? A time like this the cost of governance ought to be reduced or least I forget aren't there economic implication for reckless borrowing the government has been doing over the years and running to the same IMF for loans?

hotseat:
This is the result of depending mainly on imports rather than exports.


Even crude oil that is the mainstay of the Nigerian economy is more of a curse than blessing.

We produce crude oil for export only to be imported as refined products.


The collosal sum spent importing refined products would be eliminated if we refine domestically. Less pressure is put on the Naira.

Those piloting the affairs of this country know what to do but chose the present system because of the various loopholes for looting.

it's tiring honestly, they refused to build refineries for decades, refused to remove subsidy that discouraged foreign companies from making such investments, they want to eat their cake and also have it

Imf dey ment
D one wey dey accept wey kill.many plp business
Well for a country with poor HDI, Gini,and too bad infrastructural dev
It's expected

Alejobs:



All i wanna say is that they DON'T really care about us in Michael Jackson voice! Get a rechargeable lithium battery for your fan, Tv, Laptop and light points....better soup na money kill am....you dont have to sleep on the corridor because of heat!

Your cellphone number please.

Simple advise to average Nigerians that are not in politics or related to major politicians, please do not store Chunks of ur saving in naira because this fo.ols we called leaders will still codedly devalued this naira, convert chunks of ur saving to dollars or crypto coin or to landed properties

Miles300:
I don't understand why u guys are causing out the IMF, this are bodies of economic experts who works with economic, technical and fundamental analysis to make forcaste and recommendations.. Since the beginning of the recession, what economic road recovery plan has the government embarked on? A time like this the cost of governance ought to be reduced or least I forget aren't there economic implication for reckless borrowing the government has been doing over the years and running to the same IMF for loans?

Tell me a policy advices from IMF that has worked well for Nigeria?

IAMPEDRO:
Your cellphone number please.

+2.348065,316307

18 percent overvalued ke. DAT means if we tow the line of IMF your 200k would be worth 164k. SAVERS ARE ACTUALLY LOSERS!

Penguin2:
I stand with the govt on this one.

I don't trust the IMF one bit.

Na nonsense advise wey dem give IBB in 1980s, na dia our degeneration take start.

They don't mean well!

They never do.

Unfortunately, Nigeria can’t afford to continue defending the Naira. We don’t need IMF to tell us to do the right thing, FGN should face the reality and let Naira finds it’s level.

Our currency is over valued like this?
Haba IMF

LikeAking:
As if devaluation go solve our problem.

Their is no rule book when it comes to managing an economy.

If the Chinese where playing by the rules they would have still been slaves to the whites.

We must take our destiny in our hands.

The whites should never tell us how to run our race.

We no dey put mouth for their mata.

IMF Bleep u.

We dey collect their loans and grants unfortunately, so they will have input

abeg we don'tdevaluein Nigeria, we only adjust the currency when it is too late

ynotsadeek:
FG just dey disguise...They will still devalue it. All the signs are there. They deny initially, but still do it anyway and give it a different name, say no be devaluation.

Penguin2:
I stand with the govt on this one.

I don't trust the IMF one bit.

Na nonsense advise wey dem give IBB in 1980s, na dia our degeneration take start.

They don't mean well!

They never do.

If you did check, the IMF only have one advise for all economic woes and which is devaluation of the currency.

adioolayi:
IMF hell bent on finishing us as a county....Why not sell us all Nonsense

Nigeria is “finishing” herself, not IMF. For as long as we are not producing for exports, Naira will keep losing value. It’s ridiculous that we even importing finished products from crude oil that is drilled in our backyard.

Sound economic policies are not based on sentiments!

If you devalue, you suffer (maybe), if you don't devalue you suffer more because manufacturers struggle to get FX at this overvalued rate and foreign investors cannot come in when the currency is overvalued. It increases their risk of having to leave with a devalued currency.

jaxxy:
The naira is overvalued obviously with our shity economy and policies bt we can't devalue it either sorry. It will be counter productive for our unimpressive and non performing economy.

The economy has to be going In the right and confident direction to devalue yet again.

arantess:
Our currency is over valued like this?
Haba IMF

It is!

For as long as ordinary Nigerians are willing to pay 474 Naira for one USD in the parallel market (as of 08/02/2021), and FGN is selling at 380 Naira to VIPs in the official market.