Tinubu said he is going to maintain single exchange rate and do away with multiple exchanges rate in nigeria, when he is swear in as the president…

If this is one of his agenda, i bet he has already gotten the path to the success of his administration. This is the factor that will eventually drive away inflation in Nigeria…
Imaging maintaining a single exchange rate of 450 per usd, the price of imported item would eventually slash down. A landing cost of 2009 toyota Camry wont exceeds 3m and the price of all imported goods will be slash by 40%: USD going from 750 to 450.

For all those selling nigeria used car for as high as 3m, this is the time to bring it down or you will sell at a loss when this plan materializes

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How will he achieve it? Abolish BDC's. ? This is Nigeria don't forget. We all pray and wish this is achievable.

Bubu said more than this.

At the end, he is leaving Nigeria worst

Let's watch and see

I pray this policy come to reality

But those aboki BDC guys will want to make sure this policy won't come to reality and all this nonsense online virtual apps klasha, chipper cash, payday to mention a few, this guys are really cashing out on Nigerians

And I hope the next administration will lift naira MasterCard ban

eteebanky1:
I pray this policy come to reality

But those aboki BDC guys will want to make sure this policy won't come to reality and all this nonsense online virtual apps klasha, chipper cash, payday to mention a few, this guys are really cashing out on Nigerians

And I hope the next administration will lift naira MasterCard ban

The federal government should just instruct the banks to allowed every individual with debit card to be able to pay thing online with USD(foreign websites) with limit of 200usd /month and people would stop patronizing these online app

andy244:
How will he achieve it? Abolish BDC's. ? This is Nigeria don't forget. We all pray and wish this is achievable.

Tinubu will want to capture the heart of Nigerians in his first tenure by doing this. His second tenure is what i can’t predict..

osomegbe:
Bubu said more than this.

At the end, he is leaving Nigeria worst

Bubu wasnt able to achieve it because he knew his brothers (BDC) were benefiting from it. Don’t forget Buhari administration was full of nepotism

If possible... congratulations to Nigerians in advance...

This will really hav an impact on the economy

htdot:
Tinubu said he is going to maintain single exchange rate and do away with multiple exchanges rate in nigeria, when he is swear in as the president…

If this is one of his agenda, i bet he has already gotten the path to the success of his administration. This is the factor that will eventually drive away inflation in Nigeria…
Imaging maintaining a single exchange rate of 450 per usd, the price of imported item would eventually slash down. A landing cost of 2009 toyota Camry wont exceeds 3m and the price of all imported goods will be slash by 40%: USD going from 750 to 450.

For all those selling nigeria used car for as high as 3m, this is the time to bring it down or you will sell at a loss when this plan materializes

This one is giving himself hope..For naira to come down to 450 he has to provide more dollars to defend the naira..
Though the single exchange rate will work..but it will only make the naira find its true value in the market which will be over 800naira..

Frezhkid10:

This one is giving himself hope..For naira to come down to 450 he has to provide more dollars to defend the naira..
Though the single exchange rate will work..but it will only make the naira find its true value in the market which will be over 800naira..

When cbn will be selling at 450?

htdot:

When cbn will be selling at 450?

Where will the CBN get the supply to maintain the 450 price??

Frezhkid10:

Where will the CBN get the supply to maintain the 450 price??

From crude oil sales and dangote refinery…. The cbn that even loaned dangote 9b $ is the one you think cant maintain the 450. This country ship out about 1.5 m barrel of oil per day and thats a lot of forex that buhari and his cohorts were squandering

htdot:

From crude oil sales and dangote refinery…. The cbn that even loaned dangote 9b $ is the one you think cant maintain the 450. This country ship out about 1.5 m barrel of oil per day and thats a lot of forex that buhari and his cohorts were squandering

Dreams…
The lending was strategic by the government..only that move along caused massive shortage of dollar notes in the banks!!!..
The only solution is for dangote refinery to reach full capacity on time..but with the way I see things that would take about 3-4yrs or if not more..

Frezhkid10:

Dreams…
The lending was strategic by the government..only that move along caused massive shortage of dollar notes in the banks!!!..
The only solution is for dangote refinery to reach full capacity on time..but with the way I see things that would take about 3-4yrs or if not more..

Lol… is the govt using the whole forex generated from crude oil sales to service debt…. I think they service the debt with about 60 % and still have abbout 40% left. What are they doing with the remaining 40%