mrvitalis:

Lol I actually get the idea they are trying to kill the black market

Since this same people can walk into banks and request for dollars... This would increase the capacity of banks

Most people with connection just calm they import the goods that were allowed the just turn back to sale dollar at the black market


Truth is that decision that needs to be taken to restore the economy needs to be taken by a popular candidate trusted by the people not someone who rigged himself into power

I really don't pity tinubu sha they are just doing try and error

Pls don't pollute this thread.

You can see no one has mentioned any party, candidate or individual in this thread before you came.

The challenges of the economy has been on since pre 1999.

Godfullsam:


Pls don't pollute this thread.

You can see no one has mentioned any party, candidate or individual in this thread before you came.

The challenges of the economy has been on since pre 1999.

How can you remove fiscal policy from a political party......

And please Nigeria haven't been in this type of situation APC put Nigeria in... We have never the last time it happened was the 1980s

Some of you are just plain wicked

Given the chance you would still justify voting for the same people again

Now u want to discuss situations without people pulling the strings?

CBN has no business banning anything in the first place; if the FG wants to improve local production they should prohibit the imports of certain items directly not through the backdoor.

Hopefully, this will close the gap and bring about stability which is what the economy needs to drive growth.

garfield1:


Why must you push this back to politics? Tinubu is more popular than obi

I don't understand what the bolded as to do with the body of discussion other than vague personal assurance to the poster, who made any of the other 2 popular candidates? How popular were they that they lost the elections? And lastly how would popularity enforce economic policies This is becoming insane

Good and bad 😔 tinubu doing try and error with Nigeria 😁😁😁🫣

Are you for real? Which plan worked?
Who is in control of the borders?
Who is responsible for prosecuting smugglers?
Who is in charge of the fiscal system?
Isn’t it the same government?

Excuses do not bring progress. We don’t progress because of citizens standing in for poor performance like you are doing

CodeTemplar:
You guys are so confused by economics, you contradict yourselves.


The plan to reduce dollar demand worked as expected but not to the extent anticipated because smugglers still needed the dollar to buy and bring to the borders before smuggling in. That alone reduced the effectiveness of the exercise but is no fault of the economic team or CBN.

The saboteurs who allowed smuggling in borders are to blame. The weak fiscal system that allowed dollars at lower I&E rates back in the hands of smugglers is.

Paraman:
The marketers who smuggle banned goods into Nigeria are getting dollar from the black market, they will leave the black market and get dollar from the official window now so I don't think there will be much pressure on the naira.

does the I&E window have enough liquidity to meet all the demands?

pat077:
does the I&E window have enough liquidity to meet all the demands?

We will know in few days

Whiteangel1234:


I import Clothes Textiles

Hello boss am interested in importing textiles can you put me through