SpatialKing:
Hope you guys are seeing that Tinubu is empty upstairs...

okeysoninv:
Absolutely, there is no way we can survive with out redenomination of naira. Once naira close the maximum threshold of #1000 per a dollar we can remove a zero . Making 100 naira equal to $1. As of 2013 rate.

Racoon:
The is the effects of overhyping a so called first class heroin drug baron criminal graduate of accountancy( who even does not also wants the records displayed for public scrutiny) that was supposed to be a book keeper, but was garbbed in borrowed robes then criminally foist on a nation.

Now he is running a trial and error government in a country where the economic value of the dollar is abysmally useless, more that 90% of the populace are living below a dollar daily, multi-dimentional poverty everywhere, double-digits galloping inflation with concommittant forex scarcity.

No plans to encourage local production and enhanced export to balance out the trade deficits. Foreign mulit-conglomerate companies are folding up due to constricting economic realities. Welcome to balabloo-blu-bulava economics. Nigerians brace for impact.

Kukutente23:

And you think that's the end of the story abi

FreeStuffsNG:
It should not even have been done then as well. It is just academic economics. The policy on ground now when effectively implemented, will stabilise naira. Dollars will not remain dominant for ever.

tachia406:


You will soon heal from your pains of loosing 2023 elections. Wetin bring Tinubu come here? No be economic team de suggest am again? English hard sha!

okeysoninv:
do you wish naira to continue degradig till it reach 3000 when salaries are not increasing

Kukutente23:

Redominating will not stop that. You forget money is essentially a store of value. What redominating simply does is to turn 1000 in your pocket to 100. Are you better off that way or worse off? It's deflation pro max.
What needs to be done is simple. From Buhari to Tinubu simply lack the balls to take it head on.
Without that, any other thing is cosmetic and will always backfire

okeysoninv:
Absolutely, there is no way we can survive with out redenomination of naira. Once naira close the maximum threshold of #1000 per a dollar we can remove a zero . Making 100 naira equal to $1. As of 2013 rate.

okeysoninv:
atleast Ghana cedis is now stable. So ur jargons don't hold water, many nations has redominated there currency including Zimbabwe and Venezuela. And it worked for them. Not everything u guys will be criticizing. Many Nigeria workers are earning less than 20k since 2014 without correspondent increase in salary.

SpatialKing:
Hope you guys are seeing that Tinubu is empty upstairs...

okeysoninv:
atleast Ghana cedis is now stable. So ur jargons don't hold water, many nations has redominated there currency including Zimbabwe and Venezuela. And it worked for them. Not everything u guys will be criticizing. Many Nigeria workers are earning less than 20k since 2014 without correspondent increase in salary.

starstaz:


Really. If Professor Chukuma Soludo is foolish for projecting this idea and I support his foolishness, so be it . It's only a fool that will dream of flying a car to the moon as satellite. Elon musk too is a fool .

Now , back to a Nonetity like you, with your overwise, kindly project a five words economic model that can turn Nigeria around . Am waiting for your wise reply . Mr Wise.

okeysoninv:
atleast Ghana cedis is now stable. So ur jargons don't hold water, many nations has redominated there currency including Zimbabwe and Venezuela. And it worked for them. Not everything u guys will be criticizing. Many Nigeria workers are earning less than 20k since 2014 without correspondent increase in salary.

budaatum:

It's like putting a plaster on blood poisoning.
Basically, remove the cause of the poisoning first.

successmatters:
Redenomination ko, mumunification ni

They want to copy what Soludo suggested over 15 years ago today, copy and paste trial and error people.

When illiterates that forged certificate after damaging their brains with hard drugs are making policies

E go enter all una body for this country one after the other.

jackcanfield:
I support the measure, since Nigeria is a Cash Economy ... But I fear reduction in cash circulation.. because Oga Emefiele experiment shows that this economy has some thing wrong with it . I just hope some people are not printing money somewhere... Because it is one thing to be permutating economic theory , it is another thing for some people to be printing money with no productive ... money is currency that moves toward value...

successmatters:
Redenomination ko, mumunification ni

They want to copy what Soludo suggested over 15 years ago today, copy and paste trial and error people.

When illiterates that forged certificate after damaging their brains with hard drugs are making policies

E go enter all una body for this country one after the other.

okeysoninv:
Absolutely, there is no way we can survive with out redenomination of naira. Once naira close the maximum threshold of #1000 per a dollar we can remove a zero . Making 100 naira equal to $1. As of 2013 rate.

jmoore:
That APC mouthpiece, Ajuri Ngelale should come and tell us that Nigeria has better exchange rate than all Africa countries.

You know how they usually say that Nigeria has the cheapest petrol in Africa. They should use same propaganda for the FX.


1 United States Dollar = 60.55 Gambian Dalasi

1 United States Dollar = 186.25 Liberian Dollar

1 United States Dollar = 101.24 Cape Verdean Escudo



While 1 Dollar is above 780 naira.