T
You are going back to Emefiele s policies

They've come again with policy somersault.
If you decode to float, bite the bullet and brace the consequences

The magic just begun. Floating of the naira will end up in paralysis of the economy at the end of the day. Ready for hyper inflation

Another fake news fa. He said Direct Foreign investment , not FG pumping dollars.

mrvitalis:
U want to defend floated naira? Lmao

See how you have displayed your ignorance

CodeTemplar:
stabilization isn't defending. It is a bit like a big man with some dollar to spare deciding to exchange them for Naira before paying spending it.

The purpose of defending is stabilising. To defend the naira, you supply more dollars and the news said they want to supply more dollars.

You won't mind playing daft to defend the drug dealer.

mrvitalis:

You elected tinubu that hasn't done any successful business in his life... Greatest achievement is working as a low level staff at mobile ( auditor)

Tinubu is a socialist to his bone to pretend to be a capitalist is a stupidity

Bloody liar TVC is one of the best TV stations in Nigeria within the shortest period of time. Stop lying to gratify your nonsense.

stop supplying dollar. let the naira breathe

You mean the Nigerian slave's called FG, no country survive challenges by living on another country currency, is like something wrong with the Nigerian citizen at this stage, with what we have in Nigeria, no right human being that can get things done in Nigeria 😜 shame on you guys

These criminals in power are not serious. I already predicted this outcome way back

https://www.nairaland.com/7733529/households-under-pressure-new-electricity#123891198

Naira has been devalued (though they call it floating). The FG has handed over the exchange to the market forces where speculators and banks are king. Naira continues to fall in the I/E and parallel market. Anybody who tells you Naira will appreciate is a joker, for a corrupt country like ours, the banks and speculators are the new cabal and will drive the rates how they deem fit. Don’t believe…. Just observe. What most don’t get now is that CBN now has no obligation to provide FX at a particular rate to the market, as such the new FG players can access FX from CBN without noise.

Naija never see. Hyper inflation will kick in in a few weeks time, housing, food, general goods and services prices will treble. Nigeria masses will begin their worst government in the History of this nation. Good luck to the suffering masses of Naija. Now Your Suffering Continues(NYSC).

Very important

mrvitalis:
U want to defend floated naira? Lmao

I dont agree with the intervention by the FG as well. They should allow the market forces to play out.

FG should stop depleting our foreign reserves. This act alone will make foreign investors to doubt the intention of the FG.

Dotherightthing:


Nowhere in the world does the exchange rate dangle up and down.

The idea of the floating is to determine the true exchange rate and then peg it.

Another reason for floating is to make all the rates as close as possible.

Of course, some pained saboteurs are at work to frustrate the policy. I trust the FG to outsmart them

Who are the saboteurs

mrvitalis:

I don't know why basic economics is difficult for this people

If u want to float then float then face the consequences of the floating

Exchange rate is not a problem like Peter obi said even if naira exchange for 1500 no problem but let the exchange be stable let the change in exchange not be more than plus or minus 2% within 10 years

That's the kokon

And you think you have sense

LagosFirstSon:

Tinubu is a joke 😂

We know people like you, all sniffing around like rodents for bad news and praying for Nigeria to fail because your candidate did not win.
You will eventually die of pains and frustrations

dre11:


https://dailytrust.com/fg-pledges-more-dollar-supply-to-stabilise-naira/

So does government want to go and purchase dollar from US and subsidize it in Nigeria?

I repeat, the only way to make naira gain is to increase export than import. Less dependency is on the dollar, the naira gains and the only way is to increase production which should be in naira. Patronise more made in nigeria goods. Ensure electricity stability, license more local refineries for local consumption. When there is less dependency on foreign exchange, the local currencies gains cos there will be value.

It can be simple if the government wants it if they consider SMSEs....

Chetas81:
You mean the Nigerian slave's called FG, no country survive challenges by living on another country currency, is like something wrong with the Nigerian citizen at this stage, with what we have in Nigeria, no right human being that can get things done in Nigeria 😜 shame on you guys

Which country you dey?

Noted

mrvitalis:
U want to defend floated naira? Lmao

.. 🤣. I won't say anything

Yomit71:

And you think you have sense

Counter me with your own logic na that's how sensible people debate

anonymous1759:


Bloody liar TVC is one of the best TV stations in Nigeria within the shortest period of time. Stop lying to gratify your nonsense.

Lmao TVC? Lol started, sustained by Lagos State funds?

mrvitalis:
U want to defend floated naira? Lmao

That's exactly what I was asking in my mind ,
Laughing out loud .

Pledges, will, shall blablabla.. political statement just to keep Nigerians in false hope.

adioolayi:


See how you have displayed your ignorance

Lol u want to debate let me school your ignorant brain

Dotherightthing:


Nowhere in the world does the exchange rate dangle up and down.

The idea of the floating is to determine the true exchange rate and then peg it.

Another reason for floating is to make all the rates as close as possible.

Of course, some pained saboteurs are at work to frustrate the policy. I trust the FG to outsmart them

Paid saboteurs ? Lmaooo

You give it 6 months to stabilize at least na

U better enter give urself stroke/HBP.Some Obidients are currently supporting President Tinubu. Kip crying till u get boil for eye

taylor89:
Another round of a failed Government in waiting

If you’re an average Nigerian who can afford 3-4 million doing better use that money and run out of the country

Nigeria will never be better as one till eternity

I don talk finish

CodeTemplar:
stabilization isn't defending. It is a bit like a big man with some dollar to spare deciding to exchange them for Naira before paying spending it.

The Naira will only stabilize when it finds its equilibrium value. Right now , we can only speculate as to what that value will be, but it would definitely be much lower than it is right now. My own bet is between N1200 to N1500 range. When it reaches that point in the short term, then success of economic stabilization policies of the government would determine whether the Naira strengthens to N1100 to N1250 or further free falls to the bottom.

taylor89:
Another round of a failed Government in waiting

If you’re an average Nigerian who can afford 3-4 million doing better use that money and run out of the country

Nigeria will never be better as one till eternity

I don talk finish

anyone that talks like obi isn't looking for the better of a country.

LagosFirstSon:
They've come again with another "Sakamaje"

Ok Tinubu should release all the dollars in his bullion vans and inject them into the economy if truly he meant business ..

Clowns 🤡🤡

Prince of Aba, you don start again with your usual lunatic rants. Continue.