Not until Nigeria starts producing about 70% of it's current imports, my dear there isn't any measure CBN will take that will make d naira not continue to slide before d dollar.

Edipet:
No measures go work..
Peter Obi gave us the secret. Produce what you consume.
Okrika imported
Some groceries imported
Furniture imported
Electronic imported,
Some soaps and cream imported,
Gas cylinder important.
Belgium phone, laptop, electronic. Nothing will save the naira, and our population is increasing, which also increase demand for all this things.
More people are going into importation business and them dey use dollar.
Encourage farmers, SMEs. Don't use your big car to pepper struggling people so that they can still focus.
Empower The youth to start producing what they are capable of, farming, science and Tech, Engineering, fashion, etc

Nigeria is a complex country and not ready to face reality. No body will buy what you said But they want naira to dollar be like 100 naira. Even politicians are not ready to cut costs.
I believe tinubu is doing this deliberately to make importation difficult and less attractive against local production. Everything is scattered and un interesting. Very complex country that nothing works.

IconicR:
Mynd44 nlfpmod please rush it to front page let them see that work is going on underground.
Asiwaju is truly working, it's just Jonathan and Buhari's mess that brought us where we are.

You are living in a dream land

Na so...

Phantom solutions...

Ask them to explain the measures now, you'll hear things like : "we will, we are trying to, we have set up a committee" . Yet nothing will be done.

Like they don't know how all these started.

Yeye dey smell

Maybe...that will be partly...but some heads are about to roll...anyone still holding with speculation will lose...time to offload.

SalamRushdie:
They about to start defending be that ..

That will be fine.

Didi2d:


If all measures has been tried or like you said, trial and error has been applied too and till now no reasonable progress.

The question now is what's really the problem?

For me I think some people somewhere are sabotaging the policies not to work, for their selfish gains.

Corruption fighting back

Until BDC operators are dealt with. BDC operators are not allowing capital inflow especially those through Diaspora Remittance to pass through official channel.

Buhari/Emefiele govt licensed highest number of BDC in the history of Nigeria.

Rubbish

ganisucks:


https://twitter.com/NTANewsNow/status/1691119834715848704

Nothing can work except economic development

Alchemy528:
I will believe unless I see a small token according to what they said, then I will concor

so u don't believe ur emilokan b4?

u go explain taya!

So after auto piloting it they are now saving it from crash

IconicR:
Mynd44 nlfpmod please rush it to front page let them see that work is going on underground.
Asiwaju is truly working, it's just Jonathan and Buhari's mess that brought us where we are.

Stand up comedy

Righthussle:
Dear Demi god, your prayer never still work oo. Hahhahahaha

Perfectnumber6:
Clueless people

Is it nairalanders or Nigerian youths that are clouded with ignorance?

There are certain measures employed by Central Banks globally to ease depreciation of any particular currency. One of such is
QUANTITATIVE EASING.... This is when the depreciating cash is pumped into the economy which will ease supply of the quoted currency thereby strengthening it.

The second method is REDUCTION IN MONETARY INTEREST RATE.... This is the borrowing interest rate pegged by the Central Bank of the depreciating economy to attract foreign investors which also strengthens the base currency.

There are numerous other methods...

Read up.

SalamRushdie:
They about to start defending be that ..

This will be terrible.

rexlims:
Not until Nigeria starts producing about 70% of it's current imports, my dear there isn't any measure CBN will take that will make d naira not continue to slide before d dollar.

Dumb ass

Akwamkpuruamu:
Measures like

It's a no brainer. Our choices have to be any of the following:

a. Start printing dollars
b. Reduce our import (or ban certain items)
c. Increase our exports
d. Use our foreign reserves to meet the demand (artificially defending the naira)
e. ?

ProfBY:



I didn't vote because my Voters card can only vote at Abeokuta, I relocated to Lagos since 2019.

Had it, you have the chance to vote, who will you casted your vote for?

Tareq1105:


Until BDC operators are dealt with. BDC operators are not allowing capital inflow especially those through Diaspora Remittance to pass through official channel.

Buhari/Emefiele govt licensed highest number of BDC in the history of Nigeria.

Then, the government should handle them with ion hand.
Buhari follow cause this particular problem

While I support most of his policies, the implementation is wrong. Removing 💯 subsidy is a grave mistake. Subsidy should have been removed incremental like 25 per cent every quarter so the economy can adjust and supply and demand find it equilibrium

Putinofrussia:

The defending and co that made CBN get indebted to JP Morgan and co to the tune of $15 billion...fifteen billion dollars .
Almost half of the Nigerian reserve.
Emefiele supported by Buhari has really decimated Nigeria gravely.

Nigeria is gravely short of forex making the supply of dollar small and shooting up the value of dollar to Naira.

I really pity Tinubu but I trustt he will pull Nigeria out of this doldrum.This one will require the real...no pain,no gain Marxim.
All of us are just impatient

Lamba

Whatever it is, please let them hurry up before naira reaches 1000 to a dollar!!!

IconicR:
Mynd44 nlfpmod please rush it to front page let them see that work is going on underground.
Asiwaju is truly working, it's just Jonathan and Buhari's mess that brought us where we are.

see who wants to save naira, he's the king pin of money laundering, Abi you self don forget bullion van saga? Nawa for you oh.

imoh4king:


Is it nairalanders or Nigerian youths that are clouded with ignorance?

There are certain measures employed by Central Banks globally to ease depreciation of any particular currency. One of such is
QUANTITATIVE EASING.... This is when the depreciating cash is pumped into the economy which will ease supply of the quoted currency thereby strengthening it.

The second method is REDUCTION IN MONETARY INTEREST RATE.... This is the borrowing interest rate pegged by the Central Bank of the depreciating economy to attract foreign investors which also strengthens the base currency.

There are numerous other methods...

Read up.

Seriously? QE at such galloping inflation like ours?? which kin economic theory be this?

While I support most of his policies, the implementation is wrong. Removing 💯 subsidy is a grave mistake. Subsidy should have been removed incremental like 25 per cent every quarter so the economy can adjust and supply and demand find it equilibrium but he removed it once and kill almost every small businesses. I will give you an example. I have a friend to import rice from US. A bag of rice usually cost 50k before Tinubu regime but the same bag cost 100k now. He has over 200 bags of rice without a single buyer. The astronomical rise in price makes it impossible for businesses to survive and hereby multiple our unemployment rate.
You don't remove subsidy and float the naira without the economy taking a major hit.

Putinofrussia:

The defending and co that made CBN get indebted to JP Morgan and co to the tune of $15 billion...fifteen billion dollars .
Almost half of the Nigerian reserve.
Emefiele supported by Buhari has really decimated Nigeria gravely.

Nigeria is gravely short of forex making the supply of dollar small and shooting up the value of dollar to Naira.

I really pity Tinubu but I trustt he will pull Nigeria out of this doldrum.This one will require the real...no pain,no gain Marxim.
All of us are just impatient

Putinofrussia:

The defending and co that made CBN get indebted to JP Morgan and co to the tune of $15 billion...fifteen billion dollars .
Almost half of the Nigerian reserve.
Emefiele supported by Buhari has really decimated Nigeria gravely.

Nigeria is gravely short of forex making the supply of dollar small and shooting up the value of dollar to Naira.

I really pity Tinubu but I trustt he will pull Nigeria out of this doldrum.This one will require the real...no pain,no gain Marxim.
All of us are just impatient

Please, you pity Tinubu for what? He claimed it was his turn, turn to do what? To bear the name of president? Or to fix the country? Are the lives of 200m people something to play around with? The destiny of millions of people? If we were messed with during buhari's time, did we have to take such chances again? Others said they were prepared to change things, prepared to take the blame and said blame me if things don't work, gave figures and statistics from research, for tribal reasons folks called him lier, warehouse economics, e too lie, fake statistics etc. No problem, we have moved on.
The issue now is our president has no excuses, Nigerians also should not make excuses for him. He must perform oh. You cannot just come and mess up our lives. We must all stand up and demand, be you Yoruba, Hausa, igbo, edo etc. This is not tribe matter because it affect our lives and future of our generations. Anyone that things he is there to messup, Nigerian must deal with him as that do in China!
If you know, you do not have what it takes to make changes, do not run for office!

ganisucks:


https://twitter.com/NTANewsNow/status/1691119834715848704

CBN gov now awake?

Righthussle:
Dear Demi god, your prayer never still work oo. Hahhahahaha

Have checked the date of the tweet?