Morbeta11:
Tough times ahead.....Buhari's government buried Nigeria. Tinubu is just doing try you luck. Fg should start supporting SMEs.

Morbeta11:
Tough times ahead.....Buhari's government buried Nigeria. Tinubu is just doing try you luck. Fg should start supporting SMEs.

JuanDeDios:

Not true. (Not that I support subsidy removal and naira certainly hasn't been "floated".) You have zero understanding of what's going on.

Winning123:
Floating of Naira is not the issue. The issue is that we were not selling enough oil to earn dollars due to stealing in the Niger Delta for many months. At some point we were only producing 800 thousand barrel per day instead of 1.7m barrel per day. All the useless Obi people don't know anything. Obi is lucky he did not win. This is not the best of time to be president of Nigeria. However I know we will pull through

mrvitalis:

The state Buhari left Nigeria has little or nothing to do with where we are today

Yes it was bad but not this bad

Removing of fuel subsidy, floating naira without having backing brought us here

Buhari is a failure yes but at least he was careful
Tinubu and his team are even more ignorant than Buhari team and are too carefree

Economy no be by gra gra... You tackle is slowly

None, zero of tinubu policy has worked all backfired leaving us far worse where we started

masseratti:
Shut down the official I & Ẹ window they won't hear... The naira is not floating freely if there is still an official window, ppl will take advantage of it and the Naira will fall further. Now we don't have foreign reserve to block the fall, now our CBN first time in history is falling to meet it's obligation, if you know what this means in economics terms, abeg if you get money to buy good for 6months and keep non perishable foods Pls do. If they don't manage the issue well.. We will definitely be another Greece, Zimbabwe or Argentina.
Scrap the official rate let everyone buy and sell at the autonomous /parallel /aboki rate.. That's the only way we can reset the economy. No other magic under the sum can help us now.. Emeifile really messed things up I swear.

Bizibi:
buhari administration is responsible for what we are going through.... infact the rubbish this administration is hiding from Nigerians will make some of you not understand the extent of the damage.

treesun:


https://businessday.ng/business-economy/article/trouble-looms-as-foreign-suppliers-reject-letters-of-credit/

Olril18:
We are in big big Trouble 😎

treesun:


https://businessday.ng/business-economy/article/trouble-looms-as-foreign-suppliers-reject-letters-of-credit/

Winning123:
Floating of Naira is not the issue. The issue is that we were not selling enough oil to earn dollars due to stealing in the Niger Delta for many months. At some point we were only producing 800 thousand barrel per day instead of 1.7m barrel per day. All the useless Obi people don't know anything. Obi is lucky he did not win. This is not the best of time to be president of Nigeria. However I know we will pull through

nedu666:
Buhari did serious damage to nigeria but then tinubu knew he was incompetent yet supported buhari for president

Hussein035:


I still believe it will get better, the purpose is to stop useless importation of unnecessary goods. These people selling to us should come to Nigeria and be producing those things we are importing. How can we be importing toothpick, important rice, still import fuel etc

They should reject every letter and let our useless importers come together to set up manufacturing of this things. More than 20 importers of fuel, why can't these useless fuel importers merge and build few refinery but greed will not allow them. No one has the masses in mind, just wealth and wealth for their unborn children

masseratti:
Shut down the official I & Ẹ window they won't hear... The naira is not floating freely if there is still an official window, ppl will take advantage of it and the Naira will fall further. Now we don't have foreign reserve to block the fall, now our CBN first time in history is falling to meet it's obligation, if you know what this means in economics terms, abeg if you get money to buy good for 6months and keep non perishable foods Pls do. If they don't manage the issue well.. We will definitely be another Greece, Zimbabwe or Argentina.
Scrap the official rate let everyone buy and sell at the autonomous /parallel /aboki rate.. That's the only way we can reset the economy. No other magic under the sum can help us now.. Emeifile really messed things up I swear.

treesun:


https://businessday.ng/business-economy/article/trouble-looms-as-foreign-suppliers-reject-letters-of-credit/

RepoMan007:
You are very unstable. You are still blaming emefiele after your paymaster took the rates from less than 800 to 1000 Naira in 4 months.
They also spoil and tried unspoiling the system with a petrol subsidy removal and reintroduction while not being able to prosecute anyone anywhere for any wrongdoing. Even GEJ, the APC acclaimed clueless one, brought people to book with a toothless EFCC and Judi-Judi Judiciary.

Keep singing the stupid song they paid you and your likes to be singing.

mrvitalis:

The state Buhari left Nigeria has little or nothing to do with where we are today

Yes it was bad but not this bad

Removing of fuel subsidy, floating naira without having backing brought us here

Buhari is a failure yes but at least he was careful
Tinubu and his team are even more ignorant than Buhari team and are too carefree

Economy no be by gra gra... You tackle is slowly

None, zero of tinubu policy has worked all backfired leaving us far worse where we started

treesun:


https://businessday.ng/business-economy/article/trouble-looms-as-foreign-suppliers-reject-letters-of-credit/

Itzlinda:



You have zero idea of what's going on buddy.

Kukutente23:
Hit the ground into a landmine

I asked Zombies when they were singing hosanna in the early days of this regime what exactly the plan was. I remember one of them saying Tinubu has done what no other president before him could do by removing subsidy. I told the guy subsidy removal was a means and not an end itself. It's the effects that determines if it was successful or not. The Tinubu govt simply hopped on the bandwagon of Western financial institutions by removing subsidy and devaluing naira on the first day in office. It shows poor managerial skill. Basic management requires that you do a SWOT analysis on your first day in office and not policy implementation. The thinking was FDI will rush into the country immediately the policies were implemented to circumvent the effects but that has not happened and we all know why.
Secondly, Jesus said a demon cannot cast out another demon. I want to add that both will instead learn to live together. Tinubu is attempting to solve Nigeria's structural problems without looking to tackle the corruption that's at the base of it. It's a big issue he needs to own up to. He might end up losing friends but he can't really achieve much or anything at all, if he is having sacred cows. Those cows are never satisfied. As long as they are around, he'll neve get anything out of them.
Lastly, the posturing of this govt is looking more like that of a wasteful one with the retinue of aides and appointees, the largest in our history. This in a time we claim to be broke. The West are usually very critical of such wastefulness. But besides that, the main challenge is how to ensure productivity. Most of those appointees don't even have offices as we speak. Yet they will draw salaries and other perks while loafing around Abuja. It's a disaster really

mrvitalis:

The state Buhari left Nigeria has little or nothing to do with where we are today

Yes it was bad but not this bad

Removing of fuel subsidy, floating naira without having backing brought us here

Buhari is a failure yes but at least he was careful
Tinubu and his team are even more ignorant than Buhari team and are too carefree

Economy no be by gra gra... You tackle is slowly

None, zero of tinubu policy has worked all backfired leaving us far worse where we started

masseratti:
sorry i don't discuss with political jobbers. My concern is the economy not your ApC /PDP/LP in my book they are all the Same. Emefiele was at the head of CBN when those debts were made question should be what is it for?Buhari and the then minister of finance should also answer that.