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 that is too heavy. 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.

VeeVeeMyLuv:

That means You are saying it cannot be unified

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

Lush100:
.Dollar for hajj, dollar for pilgrimage , etc.
That one should go.
But when u say subsidize consumption,
The impact of subsidizing the fx for importation raw material of which is part of production cost is subsidizing production.
That is because we are Import dependent.
I am not here to discuss who is a drug baron or not,

I'm talking of macro economic policy for the general wellbeing of the Nigerian economy.
U will not understand the implications of Dangote and the sister NNPC being privately owned and insitu in many countries.
I hope u know a lot of politicians are equity holders both in Dangote and NNPC.
If u think the whole fx will enter Nigeria,. Well.
Let see as it unfolds
Regards

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

Jorussia:
This should have been done a long time ago.
Three economic oddities that have bled this
country for the past 3 years are about to end.
Fuel subsidy,multiple corrupt fx,and hopefully
Organised crude oil theft that has made us
Lose billions of dollars are buried in first two months of PBAT administration. 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.

mrvitalis:
This means fuel would be 850 minimum

I hope they know what they are doing

Price of petrol is 1.3 dollars... What ever the exchange rate is just multiple by 1.3 that would be price of petrol

ashawopikin:
are y buying petrol in dollars?

mrvitalis:

The importers are

ChybuzzDD:


Where will the more inflow come from??

You guys are so annoying and ignorant

caracas:
you ppl have started again with your jagbjajantis analysis.
Same nonsense you ppl said when the failure in chief was establishing draconian policies.
Las las we all know how it ended…

TheGoodJoe:


Nigeria is broke and no money for subsidies.

Nigeria has no money to defend the naira. Meaning, you buy naira at market price.

There are benefits to it, we will not get the money spent on defending the naira siphoned like before but hey, there is no money for those.

Meaning, you buy and sell dollars at market rate.

Finally, what happens to our exchange rate? Expect first an increase in how much you buy dollars but this will force the government to act on market forces than on cosmetics like defend the naira. It will give the true state of our economy. However, it will make government make the right choices to fix the market.

obi2eze:


Big lie. This policy is a bad one. Nigerian economy is import-based so there will be more demand for foreign currency. You guys have been running this deceptive propaganda to delude the gullible. Naira will never appreciate with this useless policy.

TheGoodJoe:


Defending the naira is like paying for Subsidy. Meaning, you buy it cheaper. However, CBN did not make it available to banks or banks hoarded it because of a black market to sell and eat the subsidy money.

Now with no money in the system, the government is forced to float the naira, meaning, removing dollar subsidy, meaning, no more money for bankers to buy and sell in the black market.

So little to no black market rate if the government can make dollars available in banks. Meaning we must start producing because the oil sector can't sustain us anymore. Buhari borrowed too much and we are paying with the oil sector.

Finito.

vannessa7:



Nay sayer, read:

https://www.nairaland.com/7176682/tinubus-achievements-lagos-governor

Abuja is a modern day inspired capital city while Lagos is an old one, we witnessed Tinubu transformation work live.

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 that is too heavy. 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.

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 that is too heavy. 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.

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 that is too heavy. 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 propagandas and thrash in the name of one thing or the other.

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

Globad:


You're the ignorant and annoying one

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

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

JuanDeDios:

Floating the naira will positively impact the common man.

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 that is too heavy. 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 propagandas and thrash in the name of one thing or the other.

o42austino:
the only thing that will ever make naira increase is earnings from export and both of us know it will take many many years, what the president should have done is to help the export economy in his first term and grow it, in the second term then he can introduce this policy, all former presidents are not stupid by avoiding this because the masses will suffer greatly. This is a policy whose time is not now, the naira will collapse and their is no export market(apart from crude which is our main earner )to revive it.

o42austino:
lies it will not ooo, yes it will if we have an export market that earns the dollar but, we don't have enough, the demand for dollar will go high since we don't have enough and this will crash the naira to 1000-3000 naira per dollar, that bag of rice ur family depends on will sale for 100k to 150k

JuanDeDios:

Managing our dollar is a different topic from making more dollars. Of course, we have to make more.

Explain why the demand for dollars will increase because it has been floated.

Globad:


You've assumed that export isn't the only thing that grows inflow

Also, you've assumed that you can grow exports in 4 years to meet your funding gap

Without power and security, and other infrastructure, how do you want to grow exports and attract inflows? How long will all these take, out of four years?no every export needs power know that and know peace. Most of Nigeria export b4 crude oil doesn't run on power , they are mostly agro export, yes we can fix it in 4 years, we need cotton back, we provide yam but, for it to be wildly acceptable it must be organic. We have sesame seed we need to make it pure organic for worldwide acceptance, palm oil we need to have more farms and grow the one that products within two to three years and pure organic e.t.c

JuanDeDios:

Managing our dollar is a different topic from making more dollars. Of course, we have to make more.

Explain why the demand for dollars will increase because it has been floated.