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

all these points you listed are too complicated for agbadorians to comprehend....

President Tinubu and CBN Governor, Please Leave Diasporans' Remittances Alone!!!!

I suspect President Tinubu in connivance with the CBN Governor may want to force Diasporans’ remittances to be received in Naira. This is a wicked idea.

Buhari administration mandated remittances to be received in Naira in the early stage of its first term, but the administration later reversed the decision. Diasporans worked hard for their money that they send to their family members or friends in Nigeria. Diasporans are not responsible for the free fall of the Naira.

Rich Nigerians and their family members, whether through legal or illegal means are the people that take the hard-earned Dollars and other foreign currencies in Nigeria to buy multiple million dollars properties abroad. They are the ones that stash the funds in multiple foreign accounts.

If you blame Nigerians that they import too much stuff, why can’t the Federal government ensures 24 hour electricity supply, good roads, and good infrastructures. This will enable Nigeria to produce some of the stuffs it imports.

President Tinubu, and CBN Governor, please leave Diasporans’ remittances alone!!!!!!!.

ganisucks:


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

Revoke all the licenses of all bureau de change operators and declear such activity as illegal.
Also, ban all forms of forex trading.
Take control of forex inflow and allow only commercial banks to buy and sell as done in the past.

LordAdam16:


So a transient relief, then?

They spend a couple billions of $ to drive down the rates. It lasts until the Ember months rush, then we have a whiplash. As it clearly is not sustainable. CBN's recently divulged accounts are not reassuring.

For the avoidance of doubt, subsidies are back. For the currency market and gasoline. The $1.3B/mo saving you alluded to will evaporate. I should also point out that the minimum wage increase is yet to be effected.

How will the FG and states pay for that after the reintroduction of subsidies?

The Ag CBN Governor is obviously acting under duress. This is not a viable plan, but he has to indulge the fella in Aso Rock. Does that remind of you of a certain someone currently in DSS custody? Tinubu desperately needs a win and tanking our ailing reserves will be yet another reckless, unforced error.

I'm curious to see what these magical measures are.

-Lord

Everything you say is true except for the re introduction of gasoline subsidies. The queues that will start forming from this morning will be testament to that.

It will get to a state where the politicking must stop as it dawns on Nigerians that we are in a common hole and there is no messiah with a magic wand.

The CBN report showed that Nigeria has had no revenue from crude sales since August 2022!! Same for gas which makes the funding gap obvious.

The CBN measures are not simply supply related; although that is a large slice of it. Today they have decided to look at diaspora remittances.

I am not sure any country in Africa, Asia? South America has a truly independent CBN so let's not flog ourselves over that imperfection.

There are tough times ahead. It is my hope that in this dark hour Nigeria will find itself.

Thank you for an informed response.

Agent Ramos and Agent Pepe to the rescue

BreconHills:


Everything you say is true except for the re introduction of gasoline subsidies. The queues that will start forming from this morning will be testament to that.

If NNCL remains the sole importer and uses the I&E window when there is a #200 spread with the parallel market; within a "deregulated" market; then gasoline subsidy is back. The subsidy is applied at the FX end.

To be fair, that is better than the erstwhile goings-on when subsidy impacted both the front end (pump price) and the back end (FX rate).

It will get to a state where the politicking must stop as it dawns on Nigerians that we are in a common hole and there is no messiah with a magic wand.

Thank you for an informed response.

Anytime.

-Lord

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

Our power sector needs to be revive for local production to improve. Buying diesels at 950 would not bring any progress to our industrial sector.

Just do it.

Stop announcing

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

What has the PETER OBI himself ever produced that helped the economy to grow ? He is the chief Importer of products to Nigeria and you are hailing him , actions speak louder than words .

Luckysbab:


It doesn’t change the fact that the man in charge needs to be given a chance.

I mean he’s there already.

Changing the bus driver when the bus is proven to be bad and expecting a different outcome does not sit right with me.

Imagine someone still trusting NTA 😁😁

BIGGEST SCAM TELEVISION NETWORK

azpekuliar:


Changing the bus driver when the bus is proven to be bad and expecting a different outcome does not sit right with me.

The bus in this case is Nigeria?