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Nairaland Forum / Nairaland / General / Business / FG Rejects IMF’s Call For Further Devaluation Of Naira (17821 Views)
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Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by jaxxy(m): 6:52am On Feb 09, 2021 |
dotun365: I agree bt we can only devalue when the economy is moving in the right tragetory or else the suffering will be long and greater. The solution is to fix the economy to a stable position with other alternatives and ideas. There are many bt the government lazy and clueless. |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by jonnypie(m): 6:54am On Feb 09, 2021 |
AlphaAlex: The dummies in power know that...? |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by Bestbeelieve: 7:00am On Feb 09, 2021 |
Olodo FG! the earlier you realize that your economy is on drip the better for you. keep pumping in USD!!! e go shock you very soon!dullard! They deserve the title of the clueless buffon! only that they are skeletons! kwan ta tu ba! |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by Nobody: 7:11am On Feb 09, 2021 |
jonnypie:lol actually they do they just want to frustrate people these people are not dummies if they were they wouldn’t be ruling over you . |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by Coldie(m): 7:13am On Feb 09, 2021 |
Before December 1pound will be #700 2 Likes |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by meccuno: 7:22am On Feb 09, 2021 |
Helpfromabove1:this is silly |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by Necksonnel: 7:22am On Feb 09, 2021 |
LikeAking: They will still devalue it. They just dey disguise for now. It's just the initial denial. Loool. They have no choice they will still want to borrow from IMF again and they won't get shi shi if they don't devalue naira. We are still been colonized bro. That's the fact. By devaluing naira again, there's no hope nigeria is going to be able to pay back all those money. Trust Nigerians we will start spending dollars in this country. 1 Like |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by Timmy4real: 7:25am On Feb 09, 2021 |
Helpfromabove1: You are defending instead of advising that most under performed governor in Lagos history to halt the re-opening of the toll gate until justice is done. |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by Skyfly007: 7:27am On Feb 09, 2021 |
EmptyGarden:The borrower(Nigeria) is a slave to the lender(IMF). Law of life! |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by Jazzafizzy(f): 7:27am On Feb 09, 2021 |
Penguin2:But why una government nor get shame ? Na jeje IMF dey . Dey don't put rope round your neck and force under duress to accept there policy . So it will be so bad if they fall for the gimmick . Ibb did what he did because we were under decree . So if we fall for this trap this time around then the people we have in government including members of the parliament are mumu. 1 Like |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by Nobody: 7:32am On Feb 09, 2021 |
EmptyGarden: Stop running to them for loans |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by optimusprime2(m): 7:46am On Feb 09, 2021 |
Penguin2: The sad truth... |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by michoim(m): 7:47am On Feb 09, 2021 |
They better be... |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by Proton99: 7:59am On Feb 09, 2021 |
This slavery will never end. Anyone who desires to know and understand what is at play here should mention me in a dead thread. |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by lamentor78(m): 8:04am On Feb 09, 2021 |
Ah, naira is going to N600 to dollar |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by dallyemmy: 8:11am On Feb 09, 2021 |
IMF WILL NEVER TELL YOU WHEN TO INCREASE THE VALUE OF YOUR CURRENCY!!! IMF= DEVALUATION |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by Jonah507(m): 8:44am On Feb 09, 2021 |
Giantfarmer: I agree with you. Really crippling conditions. |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by CryptoRepublic1: 8:58am On Feb 09, 2021 |
How stupid can a continent be,why should they allow IMF to keep on meddling in the continent. |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by kelvindj98: 9:17am On Feb 09, 2021 |
ynotsadeek:Do you know long CBN has been fighting to keep the naira from devaluing. If not for CBNs effort (by proping the naira in the forex market) to keep the naira from going down, it should have been 1000-2000 to a dollar by now. 1 Like |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by kelvindj98: 9:18am On Feb 09, 2021 |
Necksonnel:That's why they borrowed from China. IMF are not the only ones that lend money. |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by SIRTee15: 9:24am On Feb 09, 2021 |
Giantfarmer: The naira is already devalued. Nobody gets dollar or any other foreign currency at the official exchange rate. These has resulted in multiple parallel rates which isn't good for the country's monetary policy. What CBN needs to do is to unify all exchange rates in the country n this can only happen if they allow the naira to be officially devalued. Other measures pursued by CBN such as restricting remittance from overseas, banning Bitcoin or restricting imports are futile effort that will only expand the demand for parallel market. Nobody will exchange his dollar for 360 naira, when there's an alternative for 500. If it means travelling to cotonou to change it....people will do it. CBN is the one that should get it's monetary policy right. But u are right on one thing...IMF has no good intention for Africa. |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by IMASTEX: 9:36am On Feb 09, 2021 |
EmptyGarden:Abi na una go let them rest from beggy beggy by the way, do Nigeria have a choice? |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by egobright(m): 9:56am On Feb 09, 2021 |
This is what happens when a government borrows from IMF and World Bank, our leaders are the real cause of this, if they had learned how to mange our resources prudently, there won't have been any need of borrowing from this bodies who only sick to cripple and enslave other countries Economy, so they can remain strongest Economy while other remain debtors. |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by Reglad2020: 10:58am On Feb 09, 2021 |
They will still do it . You can’t stop devaluation when you are import dependent. ynotsadeek: 1 Like |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by LikeAking: 11:33am On Feb 09, 2021 |
arantess: Na bad and evil govt. They dont need any loans. Naija can manage the little we need. Africa is gradually waking up. The whites cant bully us agian. |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by LikeAking: 11:40am On Feb 09, 2021 |
Necksonnel: I tire. African govt are not smart. They should stop borrowing. Na d IMF dey deceive us. Every nation has the right to fix their EX rate. They should also devalue their dying USD first. Naija is finished |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by LikeAking: 11:43am On Feb 09, 2021 |
Jazzafizzy: U are very smart. W Africans are still unda the bondage of the whites. |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by LikeAking: 11:47am On Feb 09, 2021 |
Giantfarmer: You are very wise. Most of all these economist thing were created by the west, based on their economy. The economical policies are also designed to favor only the whites. Say no to further devaluation of the Naira. |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by danvault: 12:00pm On Feb 09, 2021 |
See now? That's what you get when you borrow billions of dollars from IMF with nothing to show. Let them continue, awon ole. |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by kafeii123: 4:47pm On Feb 09, 2021 |
Penguin2: You're not really standing with government... you're actually standing with abokis.. they're the reason the naira is this weak...if the cbn .. devalues and maintains a single forex window for all exchanges.... Nigeria will be washed with enough dollars to force the rates back down... Butmm |
Re: FG Rejects IMF’s Call For Further Devaluation Of Naira by Alejobs: 4:50pm On Feb 09, 2021 |
Dangote/black Rhino Group To Construct $10bn Power Plants In Kano / Fraud In Corporate Nigeria: Union Bank As A Case Study / Tony Elumelu Foundation, TEF List Of Selected Entrepreneur 2019 Is Out!
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