NSNO:
I don't support Tinubu but floating the naira and removing subsidy was the best thing to do.
Alot of Nigerians don't understand how bad our economy is, they think its just to build roads and start farming etc.
Nigeria's economy needs a complete overhaul and the measures taken yet are just the beginning.
More hardship is on the way but like the saying the darkest hour is just before dawn, Nigeria's dawn is almost here, we just have to endure the darkness a little longer.

Nothing will ever get better, same was said for 8 years Buhari's tenures so don't sugar coat things, anything that goes up in Nigeria never comes down.

JASONjnr:
The same person whom we were told did miracles in Lagos compared to other governors of his time.

We were asked to go and visit Lagos and see the wonders he performed.


I told them, this man asked Buhari to print more currencies and employ 50 thousand youths into the Nigerian army and feed them with agbado and pay them nothing.


They said he graduated with first class in accounting. Now, he floated the naira and give it a free way access....


Food stuffs are now 500times expensive more than what ordinary Nigerians would afford.

The first class sef na scam

Hoping for a positive change in the exchange rate soonest. The government needs to step up it's A-game.

Karemarealty288:


https://leadership.ng/floating-naira-importers-abandon-tokunbo-cars-at-seaport/

Nigeria economy dey float lol 😂

NSNO:
I don't support Tinubu but floating the naira and removing subsidy was the best thing to do.
Alot of Nigerians don't understand how bad our economy is, they think its just to build roads and start farming etc.
Nigeria's economy needs a complete overhaul and the measures taken yet are just the beginning.
More hardship is on the way but like the saying the darkest hour is just before dawn, Nigeria's dawn is almost here, we just have to endure the darkness a little longer.

Darkest hour you say? Tinubu can't make Nigeria better, he will only worsen you can't build anything good on lies and falsehood, you can't give what you don't have.

ruggedtimi:
Naira to dollar....adds N50 everyday

Mumu Tinubu allow the forex market to determine the value of national currency, honestly it will not be well with those who are praising Tinubu, how on Earth will you float your currency in a country where there is high level of greediness and lots of unpatriotic elements...

The thing is that everything don floated. Better. Agbedo don float, garri don float, naira don float. Do everything don floated

ufotunang:
The solution to this problem is for nigeria to be a producing economy..mwe imoort too much in this country...we import everything but export nothing...this is why the dollars is rising and the naira losing value

God bless you bro, if we started producing most of the products we consumed locally and we source for raw materials locally, demand for dollars will drastically reduced and our local currency will regain its strength back

BoldBrainz:


Tonto Dikeh and "down to earth" have no business being in the same sentence.

And she's not the one giving Mohbad a befitting burial. She's simply assuming a contributory role.

You don't give any dead body befitting burial, you are just deceiving yourself, the moment soul left human body, the rest of the body is wasted and it has no value again except you use it for anatomy....

Go and see the will smith movie called "I am legend ", many of the movies are rehearsal for what they want to do.
Just like movie called outbreak was rehearsal for covid.

They are deliberately shutting down the whole world, its nothing to do with economics.
They are deliberately causing inflation by raising interest rates globally and creating scarcity in order to depopulate the planet.

Even entire cities are shutting down in USA, not just sea port in Nigeria, san Francisco is becoming a ghost town.
If you did not get the message, normal life is over on planet earth, SO help us God in the hands of the devil masters of earth.

Just dont be trying to settle down to have family if you not a billionaire, people will flee from you like they run from fire.

All legitimate human rights are now null and void , the only right the human being now has on earth is to just die.

bill gates and their friends are not planning for the situation to improve until only they are left alive on earth.

Prepare or party , your choice.

saphiere:
I belive this country will be a better place if a woman is allowed to rule.
Omo see as King Tonto took it upon herself to give Mohbad a befitting burial.
Women are always down to Earth

If there is a way women can swap their ever swinging feelings and emotions with logic and reason, that would be possible.

saphiere:
I belive this country will be a better place if a woman is allowed to rule.
Omo see as King Tonto took it upon herself to give Mohbad a befitting burial.
Women are always down to Earth

Your boyfriend is calling you, it's time to sleep.

olaniyilukman:
You don't give any dead body befitting burial, you are just deceiving yourself, the moment soul left human body, the rest of the body is wasted and it has no value again except you use it for anatomy....

Trust me, I very well know this. I have never even been an advocate for elaborate burials and have always maintained that I'll rather be cremated upon my death than have my loved ones waste resources on some unnecessary burial ceremony.

I only responded to that young lady's comment using her own terms.

[quote author= post=126081709][/quote]oga griller how market. Prosperity will not forgive most of you. You especially

RepoMan007:
floating currency and sinking economy rather.
At least the currency.should survive the mishap if the economy sinks.

You got it. Only the floated & now flying naira will survive when the economy and the rest of us sink.

Tinubu is a strategist in criminality.

JaskanFactor:
Go and see the will smith movie called "I am legend ", many of the movies are rehearsal for what they want to do.
Just like movie called outbreak was rehearsal for covid.

They are deliberately shutting down the whole world, its nothing to do with economics.
They are deliberately causing inflation by raising interest rates globally and creating scarcity in order to depopulate the planet.

Even entire cities are shutting down in USA, not just sea port in Nigeria, san Francisco is becoming a ghost town.
If you did not get the message, normal life is over on planet earth, SO help us God in the hands of the devil masters of earth.

Just dont be trying to settle down to have family if you not a billionaire, people will flee from you like they run from fire.

All legitimate human rights are now null and void , the only right the human being now has on earth is to just die.

bill gates and their friends are not planning for the situation to improve until only they are left alive on earth.

Prepare or party , your choice.

Didn't know nairaland still had people with this measure of intelligence.

Last time I made a similar inference on a subject related to the basis of this thread, a few persons labeled me a twisted conspiracy theorist.

Diseases, pestilences, wars, inflationary indices, negative economies, are all creations of a select few who are keen on devising means of cutting down world population. It's the reason why first world countries deliberately foist bad leaders on third world countries. Any country that is lucky enough to have a leader that will want to work towards self-sufficiency is antagonised and the said leader assassinated. Gaddafi of Libya, Yaradua of Nigeria, etc.

Nations are deliberately impoverished so the populations without the means can simply die off. HIV/AIDS was not potent enough to kill Africans, so they kept experimenting. Ebola was created and brought to our shores, we all know the story. Covid ended up killing them more than the intended targets, Africans. So they hurriedly found a cure. Most wild fires in the US and Canada are not natural disasters, and some very objective minds know this.

So far, the most potent tool of population reduction amongst the black race has been hunger and they keep using it. And instead of us finding ways to work together and beat the odds, we're busy fighting ourselves with religion and tribal sentiments, same ideologies they have planted in us to push for chaos.

Tohmey:
Wait o o. .
Are they using US-DOLLAR to clear imported vehicle in Nigeria at Custom?

Technically, yes. Valuation is done in USD

NSNO:
I don't support Tinubu but floating the naira and removing subsidy was the best thing to do.
Alot of Nigerians don't understand how bad our economy is, they think its just to build roads and start farming etc.
Nigeria's economy needs a complete overhaul and the measures taken yet are just the beginning.
More hardship is on the way but like the saying the darkest hour is just before dawn, Nigeria's dawn is almost here, we just have to endure the darkness a little longer.

Stop giving people false hopes.

Nothing good will come out of those 2 hastily made policies, even in a million years to come.

You think building an economy is just about removing subsidy and floating a naira that needed 'caging', and then going to sleep/ jumping from one country to another?

What has been put on ground since then to give you the impression that those who implemented those useless policies know what they're doing??

On what is your hope of "Nigeria's dawn" built on??

ufotunang:
..why can't they buy innoson motors or cars manufactured in nigeria...it will be cheaper..in nigeria we like to import too much but export nothing...let value what we have in nigeria

Have you gone to price this innoson car? This is the voodoo economics we keep talking about. Ban importation or increase import duties and make imported items very expensive. The alternatives that are locally made are even more expensive

coldsummer:
Cars have become so expensive. I bought a car and everything spent in that car from America to Nigeria was like 6.5. Someone has priced that car for 10.8. Still didn't sell.

Why??

Because a profit of 4.3m in a single business is not enough for you?

If that's the case, can you tell us how you're different from the greedy and corrupt Nigerian politicians we complain about/curse here every day??

NSNO:
I don't support Tinubu but floating the naira and removing subsidy was the best thing to do.
Alot of Nigerians don't understand how bad our economy is, they think its just to build roads and start farming etc.
Nigeria's economy needs a complete overhaul and the measures taken yet are just the beginning.
More hardship is on the way but like the saying the darkest hour is just before dawn, Nigeria's dawn is almost here, we just have to endure the darkness a little longer.

The sane subsidhly him still dey pay?

Nicepoker:
Useless leaders. Revive that steel company in kogi. Then mechanical equipment and parts can be manufactured. Importation will reduce.

Industrialisation is the solution but Nigeria produces nothing.

[quote author= post=126081709][/quote]



Without supporting evil, what else can you do better?

Just a question.

NSNO:
I don't support Tinubu but floating the naira and removing subsidy was the best thing to do.
Alot of Nigerians don't understand how bad our economy is, they think its just to build roads and start farming etc.
Nigeria's economy needs a complete overhaul and the measures taken yet are just the beginning.
More hardship is on the way but like the saying the darkest hour is just before dawn, Nigeria's dawn is almost here, we just have to endure the darkness a little longer.

Tinubu is still paying subsidy. Solution is to have a functional refinery and refine oil here in Nigeria

And so how does the man import another car to continue the business?

ChybuzzDD:


Why??

Because a profit of 4.3m in a single business is not enough for you?

If that's the case, can you tell us how you're different from the greedy and corrupt Nigerian politicians we complain about/curse here every day??

Ok[quote author= post=126081709][/quote]

Efewestern:


I'm one of those who still believe it makes zero sense to take loan from China and build railways. That's not our priority at the moment. We need to get things working. As it is, nothing works.

The pressure on the naira is just too much. Fuel importation alone drains more than half of what we earn selling raw crude. We can tap into the oil industry and flood the African markets with our products. Ghana shouldn't be importing fuel from India when there's Nigeria.

The naira will continue to fall until we take the pain and sort out and can be sorted out locally. For now, we can only hope Dangote stays true to his promise of getting that refinery working, that's the only way we can stabilise the naira a little bit.

But have we asked ourselves how come all these structural problems came to the fore under APC? Nigeria has been importing fuel since the 90s yet all these talk of dollar scarcity, naira chasing few dollars etc never came up until APC happened in the national scene
There must be something inherently wrong with how APC runs it's govt that weakens the structure of the nation in their hands

Absolutely
Why import at 500/usd and clear at 1000/usd?
If not for the niger coup na smuggling for increase

BoldBrainz:


Floating of the naira and slashing of import duties are two parallel lines that never converge on any basis. The latter can be done even in the face of the former.

The problem with the floating of naira policy was that it was hastily done. Leaving your currency base to be determined by the forces of market demand and supply should be an initiative to be contemplated only when you have enough local production to give strength to the currency and discourage imports.

Imagine having local production and manufacturing capacity like Russia, then giving your currency the audacity to show off in the open markets and raising import duties to discourage imports and encourage local patronage. That right there, is the foundation of an economy that can show off in the face of global challenges.

You don't get what the other guy was saying? He sees cutting imports duty as a panacea to rising import costs. Import costs rose due to fall of naira.
If you imported a car for 3m and paid 35% import duty, that's about 1.3 but when naira falls by over 200%, the same car comes in for about 6.5m and the same 35% is now around 3m which was the cost of the car previously.
That's why I'm asking the point of floating the naira if you're still going to reduce import cost.
It's same mistake with subsidy removal cum deregulation and floating naira. It's like hitting the and spot with two different hammers. Tinubu's govt expected the black market and official rates to converge to 700 or below after floating, meanwhile they asked fuel importers to go source for dollars at black market to import fuel. If you know you're going to ask marketers to look for dollars (which in effect means you're not willing to fund their dollar demands like you do with NNPCL) why ask them to go import fuel?
Those logic hurts the economy worse than the forex restrictions in place during the time of Buhari

NSNO:
I don't support Tinubu but floating the naira and removing subsidy was the best thing to do.
Alot of Nigerians don't understand how bad our economy is, they think its just to build roads and start farming etc.
Nigeria's economy needs a complete overhaul and the measures taken yet are just the beginning.
More hardship is on the way but like the saying the darkest hour is just before dawn, Nigeria's dawn is almost here, we just have to endure the darkness a little longer.

But they are still paying subsidy

Na una sabi. E no concern me