9jatriot:
8 years is a long time.

With no bad news to report since the man demma call Tinubu ascended power, they have decided in their whatsapp group to call any news that sounds good as propaganda

Leave the were people alone

Omenlon:
Oga you never moved on? Even Peter Obi is planning to join the agbado camp and you are here crying like a little baby.

Idiot APC paid online fool

LegendHero:



Lol Peter Obi wey no get manifesto self dey claim proposal.

Tinubu released his manifesto first and this was captured in it.

Jagaban is in the league of Awolowo genuis, Peter Obi couldn’t even lace the shoes of a local government chairman in Lagos.

Imagine Tinubu have done more structural policy in Nigeria in just 2 weeks that all previous president combined since 1999.

Fuel subsidy, gone
Disparity inexchange rate, gone

Tinubu is copying and implementing Obi's policies albeit inferiorly.

So far, he has removed oil subsidy, without putting in place the cushioning policies as Obi proposed. Obi will score Tinubu 60% in his fuel subsidy removal strategy.

Tinubu is also proposing a single exchange rate in Nigeria. This is yet another proposal from Obi. This has not been carried out yet. Once it is carried out, I will announce what Peter Obi will score Tinubu on this.

Tinubu proposed employing 50 million youths into the army and feeding them agbado. Obi's people made huge fun of this proposal before the election. It will seem as though Tinubu has abandoned this policy based on the fact that Obi will not sanction it. Obi will score Tinubu 60% for abandoning his proposal cornerstone.

Meanwhile, Obi is in tribunal and about to kick Tinubu the drug baron out of office.

Tntsi:
Dont be deceived by all these long grammar and paid media promotion gigs all to promote tinubu.
All these have no effect common man on the street.

All these noise being made are paid media promotions to deceive those that will be deceived

There is a moral burden on tinubu. He did not win the people. He does not have the people's mandate.

Nobody who steals political power uses it for the good of the people.

Lunacy must be prevalent in your DNA.
The New govt will need to invest more money into mental health services for these lunatics.

The way some guys are shouting up and down on this policy.
I hope u know how this affects international trade.

There is no country of the world that doesn't subsidize a particular thing or the other depending on the nature of that country.
The reason for our forex shortage is because we are import dependent.
They have stolen so much money such that there's no naira to defend the dollar.
Corruption and import dependency are the twin problem.
If u think Dangote which is privately owned who is in many countries and may want that they are paid their incomes in Nigerian naira because the thieving share holders do not want to expose their wealth.

This would not positively affect the naira unlike if NNPC was Nigerian owned.

God help us

9jatriot:
Hmmm, I was one of those who always opposed the free float because I felt we were not earning enough, but this your reason sounds sensible. I know FPI avoided Meffy and his voodoo policies because they could not repatriate money.

Anyway, we'll see

It may make the government in the bid to increase earning start seeing how to produce in area we have competitive advantage especially other sources of foreign exchange earnings to increase inflow that can strengthen the naira

ChybuzzDD:
Where will the more inflow come from??

You guys are so annoying and ignorant

Even if more forex doesn’t come in…
The states should receive more Naira (with the elimination of the approx N300/$100 disparity).

However, more forex should come in through OFFICIAL channels…
Since there is basically no (arbitrage) advantage in bringing forex through unofficial windows.

Nonetheless, this is a policy with LONG-TERM benefits…
A unified (reasonably predictable and hopefully therefore relatively stable) exchange rate should aid FDI (and thus more forex).

Tinubu may well be a Drug Baron…
But this seems the BEST (no policy is perfect) forex policy for Nigeria (hoping his rightful successor continues it ).
>

JaskanFactor:
translation they want to devalue the naira, straight on the back of removing petrol subsidy.
This may be bad time to be keeping lots of naira in the bank, better change your money to forex.

Nah once man dy die bro..make we kukuma die the die now for a better tomorrow..

Jorussia:
This should have been done a long time ago. PMB really brought the standard of so low,that many people began to think that everybody in APC are idiots like buhari.I pray the Lord help PBAT
to achieve uncommon success in the economy and security of this country in Jesus name Amen.

If they were not idiots, why would they sheer and clap for all his idiotic policies and moves?

Globad:
Hope people can now see what is meant by purposeful and deliberate leadership

With this policy, more foreign exchange inflow will come in. Naira may depreciate in the short run but it will appreciate in the long run

May I please ask what gives you such assurance?
Ist and foremost Naira is weak because it’s not an international market driven currency. Regardless of how much liquidity of greenback you have in the economy, it will falter with the passing of time.
What will strengthen naira, just like any other currency is local production of goods and services which in turn are either exported internationally or consumed local with net earnings and profits driving other sectors of the economy.
As we speak, our net earnings fundamentally comes from the sales of crude oil. Agricultural produce would have been another great stuff if the previous government was liberal and genuine in thought and purpose.
Naira will keep faltering until government recognizes the need to home-grow our economy.So long as we keep
Importing tooth pick, rice, textile, tires, milk, and other basic commodities, naira remains a useless and devalued currency.
This has nothing to do with one single individual. It’s the economic concept.

[quote author=OfoIgbo post=123789074]It seems as though Tinubu has abandoned his Agbado proposals, and decided to settle for proposals marshaled out by Peter Obi during the campaign season.

That is good news.

I do hope they totally destroy those initial proposals by Tinubu to recruit 50 millions youths into the xxxxxx

Tinubu had already said he wanted to unite the exchange rates during his campaign and thats what he's doing now.

He does not need to follow Obi. Even if he never said (he did), Tinubu has a history of employing technocrats who would eventually advise him too do so.

I suspect it's the new helmsman at the CBN who made this call. If Emefiele had any moral compass, it should have been something he should have done without prompting once Tinubu took office. He did not which indicates he was complicit in the roundtripping that boomed in his time in office.

Alhamdulillah, everyday we wake up hear Good news.... May Allah give JAGABAN long life and good health

Lyrics269:
Baba tinubu is the right man.
Only him can restore what the worms have eaten
Baba Tinubu to the world

There is nothing Tinubu is doing is extra special. . it is just that the country had been under a very terrible and clueless Buhari who would have completely crippled the economy if he had not been removed.

Tinubu is doing what Obi or Atiku would also have done. . open the borders, re-adjust the monetary system to allow a proper flow and create breathing opportunities for businesses to emerge again.

Buhari was driven by cabal's selfish BDC companies and their gains. Terrible plague on Nigeria that man.

Nigeria has been bankrupted by fuel subsidies.

The government has no choice but to abolish fuel subsidy and float the naira. There's still no guarantee that they've done either, everyone wait a few months and see if the policy change is genuine or if it's going to be another manipulation of the markets.

Everyone is hoping for the best

Good Luck to Nigeria.

RawSex:
Nigerians brace up!

The times of doom are over!

Jagaban is here to give us a RENEWED HOPE!

The time is now!

You sound like a paid poster

Tntsi:
Dont be deceived by all these long grammar and paid media promotion gigs all to promote tinubu.
All these have no effect common man on the street.

All these noise being made are paid media promotions to deceive those that will be deceived

There is a moral burden on tinubu. He did not win the people. He does not have the people's mandate.

Nobody who steals political power uses it for the good of the people.

it as effect

[quote author=grandstar post=123791501][/quote]


Get your facts right

https://apc.com.ng/img/apc_renewed_hope.pdf

Read page 19

this is the reason, fuel.prize rose here that i am

Lush100:
The way some guys are shouting up and down on this policy.
I hope u know how this affects international trade.

There is no country of the world that doesn't subsidize a particular thing or the other depending on the nature of that country.
The reason for our forex shortage is because we are import dependent.
They have stolen so much money such that there's no naira to defend the dollar.
Corruption and import dependency are the twin problem.
If u think Dangote which is privately owned who is in many countries and may want that they are paid their incomes in Nigerian because the thieving share holders do not want to expose their wealth.

This would not positively affect the naira unlike if NNPC was Nigerian owned.

God help us

Most nations subsidize PRODUCTION, not consumption (as we do in Nigeria)…
When price of imports rise, we ideally should become LESS “import dependent” and turn to local substitutes and/or inputs.

Furthermore, not quite sure what “income” you’re referring to?
Dangote’s earnings from, and exports to, other countries are repatriated in dollars (which should translate to MORE Naira).

Tinubu may well be a Drug Baron…
But this seems at first blush the BEST forex policy (no policy is perfect) for Nigeria, and hopefully his successor continues it.
>

HonNL:
<sub>Banks being told that supply and demand will determine rates

Nigeria resets monetary policy after sacking central bank head</sub>



SOURCE



SOURCE



SOURCE

I hope i can now use my debit card to make payment on AliExpress?

Redoil:

no wise dollar hoarders will offload knowing very well that with tinubu dollars will get to 2000 for no reason
sorry to ask you
do you understand the basic economics of international trade in relation to FX?

He is an employee of propaganda ltd not an economist. No one will sell his dollars knowing that the price will rise.

Basicend:
There is nothing Tinubu is doing is extra special. . it is just that the country had been under a very terrible and clueless Buhari who would have completely crippled the economy if he had not been removed.

Tinubu is doing what Obi or Atiku would also have done. . open the borders, re-adjust the monetary system to allow a proper flow and create breathing opportunities for businesses to emerge again.

Buhari was driven by cabal's selfish BDC companies and their gains. Terrible plague on Nigeria that man.

KPOM! Bless you Bro… 👏
>

Tntsi:
Dont be deceived by all these long grammar and paid media promotion gigs all to promote tinubu.
All these have no effect common man on the street.

All these noise being made are paid media promotions to deceive those that will be deceived

There is a moral burden on tinubu. He did not win the people. He does not have the people's mandate.

Nobody who steals political power uses it for the good of the people.

Yet another child of satan and inheritor of perdition sighted. Whatever will make the government succeed and move Nigeria forward always angers these evil wailers, whose destiny it is to wail from the time they are born to the time they die miserably!

pocom35:


It will not .. y'all should stop acting dull...

And Inconsistent forex rate will affect every imported goods..
It means you can buy fuel for N500 today and N1500 next week

Why do some of you choose to live in a universe created inside your own heads?
Is the current system consistent? Or you think most traders have access to the "official window"?

Once all forex is going into one market and there are no distortions created by round tripping, the price will eventually come down. It will not come down to the current official window of N490 (or what) but it won't be as high as the N750 they're currently buying it for at the "black market". That is better for everyone since the black market is where traders buy.

Capitalism at play I hope the common man would survive though cos effect de Sha...

Tntsi:
Dont be deceived by all these long grammar and paid media promotion gigs all to promote tinubu.
All these have no effect common man on the street.

All these noise being made are paid media promotions to deceive those that will be deceived

There is a moral burden on tinubu. He did not win the people. He does not have the people's mandate.

Nobody who steals political power uses it for the good of the people.

You are absolutely very correct if he really wants to serve nigerians he wouldn't have gone that far to rig the presidential election.

OfoIgbo:


Tinubu is copying and implementing Obi's policies albeit inferiorly.

So far, he has removed oil subsidy, without putting in place the cushioning policies as Obi proposed. Obi will score Tinubu 60% in his fuel subsidy removal strategy.

Tinubu is also proposing a single exchange rate in Nigeria. This is yet another proposal from Obi. This has not been carried out yet. Once it is carried out, I will announce what Peter Obi will score Tinubu on this.

Tinubu proposed employing 50 million youths into the army and feeding them agbado. Obi's people made huge fun of this proposal before the election. It will seem as though Tinubu has abandoned this policy based on the fact that Obi will not sanction it. Obi will score Tinubu 60% for abandoning his proposal cornerstone.

Meanwhile, Obi is in tribunal and about to kick Tinubu the drug baron out of office.

I heard Tinubu and Obi of Onitsha the Igwe warrant chief are trying to buy the Onitsha palace and turn it to a drug den. Is it true?

Could it be that Tinubu and Obi of Onitsha is the main cause of thousands of Yebow youth scattered across prisons in Asia?

How Obi wan take get policy when the lunatic dosen’t even have a manifesto until when he saw Tinubu released his own?

Even when they were both governors, we can point to transformational policy that can be linked to Tinubu that other states copied but no one can talk of any policy from Obi the lunatic when he governed Anambla that other state copied.

Ojuku of cursed memory will be turning in his grave now when he say how disgraceful Obiwhisky supporters are trying so hard to claim Tinubu policies.

Obi that coward. If he had removed subsidy, the nation would have been grounded by now. He will probably be crying on TV with his womanly voice.

So why did they deny it before

HonNL:
<sub>Banks being told that supply and demand will determine rates

Nigeria resets monetary policy after sacking central bank head</sub>



SOURCE



SOURCE



SOURCE

This policy will backfire in a long run because of Dangotes and co,whom their source of income is FX ,they will find a way to thwart this policy to suit them.

For me this is just an elephant projects,this is not what Nigeria needs right now .What Nigeria needs now is to secure our boarders and beef up our security for farmers to go back to farm,block all the oil theft, start building a new refineries at least 1 in the SS region since Dangote refinery will start working soon.

Open international transactions and you will see the exchange rate close gradually, because there would no much demand for physical dollars.

Bookmark this comment for future reference.

If he was not doing any of these,what will your narrative be?

Tntsi:
Dont be deceived by all these long grammar and paid media promotion gigs all to promote tinubu.
All these have no effect common man on the street.

All these noise being made are paid media promotions to deceive those that will be deceived.

There is a moral burden on tinubu. He did not win the people. He does not have the people's mandate. And so he and his team are bombing the media space with flashy stuffs that have no content.
Watch out for more and more media propabgandas and thrash in the name of one thing or the other.

Nobody who steals political power uses it for the good of the people.

JuanDeDios:

Why do some of you choose to live in a universe created inside your own heads?
Is the current system consistent? Or you think most traders have access to the "official window"?

Once all forex is going into one market and there are no distortions created by round tripping, the price will eventually come down. It will not come down to the current official window of N490 (or what) but it won't be as high as the N750 they're currently buying it for at the "black market". That is better for everyone since the black market is where traders buy.

The price will not come down as long as you don't earn dollars.
The major dealer in dollars is the fg and the fg has its own dollar problems with the huge dollar debt the last government through on its neck.
And lack of dollar or deliberate withhold of dollar will always lead to speculative to drive the price lower.
Unless the fg has so much dollar largese to flood the market.
Then you have those import dollar bills

Tntsi:
Dont be deceived by all these long grammar and paid media promotion gigs all to promote tinubu.
All these have no effect common man on the street.

Sorry brother, I can't help you, you have zero idea how economy works. Soon you will pay higher of this new price stays.