ElSudani:


Tinubu is just four months in office how exactly is he doing the same thing Buhari did?

E b like the suffering Dey sweet you..

Four months in office than has brought more hardship on Nigerians than Biharis 8 years..

Try get small conscience….

Try speak the truth..

Una get mind oh..

LikeAking:


E b like the suffering Dey sweet you..

Four months in office than has brought more hardship on Nigerians than Biharis 8 years..

Try get small conscience….

Try speak the truth..

Una get mind oh..

Most of you don't even have any idea what you are ranting about. If I ask you now what Tinubu should have done since he came into office you will start saying a bunch of nonsensical stuff.

ArcSEMPECJ:


Pls stop differentiating the both of them , your likes will say that PDP wasted 16 years of Nigeria ....

But you now want to to cut off Buhari's Government as not been part of Tinubu's Government.....

APC started taking over Nigeria from 2015 with Tinubu standing as the Party's national Chairman.....

Failures always point at other failures to look better ....lols

The campaign is over, there's a new government with new ideas and policies. If there's anything you think Tinubu should have done that he didn't do you can say it as a good citizen and perhaps the government will listen to a superior argument.

LikeAking:


No solely on imports to earn FX…

They even import more than us..

Apart from fuel imports, our imports is even very small compared to some nations doing very well..

We produce over 95% of the food we eat.

Some nations even import sand and 80% of what they eat..

We also import things other nations import at a considerate number.. (Apart from power generating sets)

The major problem is corruption, miss management and an unregulated importation system..

Also add over demand for foreign services like, education, medically, vacation, etc..

Nigerian that will use one car and TV for 20 years. Wia the money to buy imported goods..

God bless you sir, this is the major point alot of people don't understand, including those handling the economy.

The real causes of free falls of dollar is irrational DEMANDS. Apart from Education, medical and vacations, people now save their money in dollars and subsequently creating artificial scarcity.

Solution; create an app or channel where importers, foreign Students and those on vacations will be converting their naira at official rate to carry out international transactions by virtual only. Ban locally use of dollar and do away with Bureau de change.

VeeVeeMyLuv:

No it is not, the reason is extensive massive round tripping of Forex. It is now the only thing "big men" think of to earn their billions. They do this through various schemes like loan to obtain it directly from banks.

Imagine obtaining $1000,000 from bank @300 to $ and then selling in the black market when it was N760 to a $!

That's whooping N460,000,000 (460 million) naira for doing absolutely nothing.

Your theory makes no sense.

If a person borrows $1 million just to sell it in the black market how then would he repay the loan which still needs to be repaid in US$?

ElSudani:


Most of you don't even have any idea what you are ranting about. If I ask you now what Tinubu should have done since he came into office you will start saying a bunch of nonsensical stuff.

Check my post…


I am not a nonesense person like u..

yemmit90:


God bless you sir, this is the major point alot of people don't understand, including those handling the economy.

The real causes of free falls of dollar is irrational DEMANDS. Apart from Education, medical and vacations, people now save their money in dollars and subsequently creating artificial scarcity.

Solution; create an app or channel where importers, foreign Students and those on vacations will be converting their naira at official rate to carry out international transactions by virtual only. Ban locally use of dollar and do away with Bureau de change.

Good!

..

ElSudani:


The campaign is over, there's a new government with new ideas and policies. If there's anything you think Tinubu should have done that he didn't do you can say it as a good citizen and perhaps the government will listen to a superior argument.

[b]Lols , it is too late to start asking citizens to bring suggestions on how the Government of the day will be addressed....

Firstly, Nigeria runs a highly corrupt foundation and the citizens are left to either get it right or remain in penury getting it wrong always....

The time to make it right should have been done during the election but many people were blinded by whatever gives them confidence.

The people that decides who rules Nigeria are just few and they take decision not thinking about the masses ....
They can even bring you and make you the Governor of their States if they find you worthy to dance to their corrupt mindset....

The election was supposed to be a time the masses could have hijacked and turn around the evil decisions of these few selfish people .....

But the deceit and dollars shared in the campaign was too much to buy the brains of so many citizens .....

Imagine a man who gave NIGERIA a President that failed woefully was supported by many of you to be the President of NIGERIA ?
And the same man never for once condemned or corrected the man

Oga, I have no idea or advice for this Government.....let them shoe Nigerians Shege for being stupid and fools [/b]

VeeVeeMyLuv:

We are surely getting there, my only fear is that these numbskulls might refuse to adjust wages upward instead maintain status quo.

Imagine a worker been paid 300k monthly now

Still collecting 300k when it gets to 10k per $, petrol 7k per litre, rice 500k per bag, a loaf of bread 🍞 10k and a carton of indomine 70k

This is what they are planning

Hyperinflation on the loose, imagine chicken I bought yesterday evening 2800, this morning it 3200 for a kilo

ArcSEMPECJ:


[b]Lols , it is too late to start asking citizens to bring suggestions on how the Government of the day will be addressed....

Firstly, Nigeria runs a highly corrupt foundation and the citizens are left to either get it right or remain in penury getting it wrong always....

The time to make it right should have been done during the election but many people were blinded by whatever gives them confidence.

The people that decides who rules Nigeria are just few and they take decision not thinking about the masses ....
They can even bring you and make you the Governor of their States if they find you worthy to dance to their corrupt mindset....

The election was supposed to be a time the masses could have hijacked and turn around the evil decisions of these few selfish people .....

But the deceit and dollars shared in the campaign was too much to buy the brains of so many citizens .....

Imagine a man who gave NIGERIA a President that failed woefully was supported by many of you to be the President of NIGERIA ?
And the same man never for once condemned or corrected the man

Oga, I have no idea or advice for this Government.....let them shoe Nigerians Shege for being stupid and fools [/b]

Another partisan balderdash. Ok, your own solution is that Tinubu was never elected we know that. But there are some of us who are equally happy he was elected.

tuborme:
It is called production… Peter Obi gave you the solution but you won’t hear!

What is Peter Obi producing/manufacturing? Obi, being an importer of consumers finished product, is one of reasons naira is weak.

yemmit90:


God bless you sir, this is the major point alot of people don't understand, including those handling the economy.

The real causes of free falls of dollar is irrational DEMANDS. Apart from Education, medical and vacations, people now save their money in dollars and subsequently creating artificial scarcity.

Solution; create an app or channel where importers, foreign Students and those on vacations will be converting their naira at official rate to carry out international transactions by virtual only. Ban locally use of dollar and do away with Bureau de change.

QED

they know about this solution, but they won't implement it because they are also benefitting From it.

If this solution is adopted, the demand will fall like a pack of cards.
Like the way night king and his armies dissolved instantaneously in the last season of game of thrones.

VeeVeeMyLuv:

They pay back the loan in naira with interest plus enough kickbacks

Mr man don't say what you don't know.

The standard procedure in banking is that a loan must be repaid in the currency it was disbursed!

VeeVeeMyLuv:
They pay back the loan in naira with interest plus enough kickbacks

which bank does that? borrow in dollars and pay back in naira?

ElSudani:


Exactly what I thought, you can't even tell us what you think this mere mortal Tinubu could have done in four months to turn Nigeria around.
I will tell you the honest answer, he is taking the steps any right thinking leader would have taken.

no he is not and sentiments has made not to see that, firstly at this time he ought to have taken a serious look at the cost of running the government and taken serious steps to drastically reduce it, rather what we see and hear is the opposite.

Obierika:


Mr man don't say what you don't know.

The standard procedure in banking is that a loan must be repaid in the currency it was disbursed!

Okay

seunmsg:
We don’t have the forex to defend the Naira quite alright but Nigerians are not helping matters. We have a dollar shortage crisis and Nigerians are busy stockpiling dollars at any amount simply for speculative reasons. What is going on is really scary.

We may hit 2k for a dollar before the end of the year with the way things are going. CBN needs to go back to the crude method adopted by Emefiele. Whatever it is they are doing with the PH and Dangote refineries, they should please hurry it up and start production. There will be a huge rally for the Naira once we stop importation of petroleum products. These are the short term measures to stop the free fall. Manufacturing what we need in Nigeria and for export is a long term solution.

Emifele irrespective that he was a bad man had a better grasp of running the monetary policy.

That man should have been allowed to continue

If the present regime doesn't do something quick
The Economy may go into comatose like it did in Argentina

It's a horrible situation right now

ElSudani:


Most of you don't even have any idea what you are ranting about. If I ask you now what Tinubu should have done since he came into office you will start saying a bunch of nonsensical stuff.

Tinubu mistepped big time

He shouldn't have removed subsidy immediately
It should have been bit by bit
That's what Peter Obi said he will do

Secondly the forex double window should have been left till he was totally in control of the government
It should have been done bit by bit


Presently Nigerian Economy is on precipe
Dollar today is 1200 naira
It's an abomination

Infact the present government is not in control of anything

We are facing an uncharted waters

Nigerians are patient
But if this suffering continue

People may get tired


Buhari as much as we castigated him
Understand the Economy so much better than Tinubu
That's what this past couple of months have shown


We never had it like this as a Nation
Even during the military era of SAP

It's very scary indeed

djon78:



Emifele irrespective that he was a bad man had a better grasp of running the monetary policy.

That man should have been allowed to continue

If the present regime doesn't do something quick
The Economy may go into comatose like it did in Argentina

It's a horrible situation right now

These people that are up there now, their level of patriotism is like 10%

The are hesitating to intervene in rectifying the situation

VeeVeeMyLuv:

These people that are up there now, their level of patriotism is like 10%

The are hesitating to intervene in rectifying the situation

Actually they are bereft of ideas
They are confused

We are charting a way we have never been before

Not even during the military era of SAP was Nigerian Economy this bad

And it's a dangerous game those in charge are playing
Very dangerous

Naira may go totally moribund

And we are not even an exporting Nation

Look at Japan
When Japanese yen fell freely
Japan's Saving grace was that it was a high exporting Nation

So they managed properly
But the scary thing is that Nigeria doesn't export anything

This is a huge Economic crisis we are facing right now
And those in charge are clueless

I entered Cotonou yesterday and the rate is N1,000 to 570CFA at the border, the exchanger even boldly said “nobody wants Naira again, e no dey move market”.

The statement made me mad and angry at the same time. We are headed for doom if the right thing isn’t done. Nigeria needs to be producing and exporting more than she imports to save us from this disaster. And, the IMF will happily give us loans because them to still chop interest rates (taxpayers monies).

All of you that were shouting “Jagaban!”, shey eye 👁 don clear una?

Former finance minister that did not achieve anythingn noteworthy has no authority to give anybody advice about currency and economy.

For me the solution is very simple ; Cease all imports 100%.

Use only what we produce and produce what we use.

seunmsg:
We don’t have the forex to defend the Naira quite alright but Nigerians are not helping matters. We have a dollar shortage crisis and Nigerians are busy stockpiling dollars at any amount simply for speculative reasons. What is going on is really scary.

We may hit 2k for a dollar before the end of the year with the way things are going. CBN needs to go back to the crude method adopted by Emefiele. Whatever it is they are doing with the PH and Dangote refineries, they should please hurry it up and start production. There will be a huge rally for the Naira once we stop importation of petroleum products. These are the short term measures to stop the free fall. Manufacturing what we need in Nigeria and for export is a long term solution.

Perfectly Said

The increase demand for dollars to japa and foreign education has also contributed to the Naira fall.

We are all complicit but the government that should regulate these things are even clueless and in most cases complicit too

Everyone taking turn to mismanage Nigeria. Emilokan!!!! Now you have stolen it but can't manage it

Tinubu is worse than Buhari!!!

How can we manufacture with high cost of energy =High cost of transportation=High cost of Labor=

Subsidy removal will collapse this country. Tinubu lacks objective reasoning

FG should fix a price for domestic crude or develop a domestic crude market. Let’s not be blinded by export

123papas:
FG should fix a price for domestic crude or develop a domestic crude market. Let’s not be blinded by export

This particular FG their patriotism is 10%
They don't give a damn

seunmsg:
We don’t have the forex to defend the Naira quite alright but Nigerians are not helping matters. We have a dollar shortage crisis and Nigerians are busy stockpiling dollars at any amount simply for speculative reasons. What is going on is really scary.

We may hit 2k for a dollar before the end of the year with the way things are going. CBN needs to go back to the crude method adopted by Emefiele. Whatever it is they are doing with the PH and Dangote refineries, they should please hurry it up and start production. There will be a huge rally for the Naira once we stop importation of petroleum products. These are the short term measures to stop the free fall. Manufacturing what we need in Nigeria and for export is a long term solution.

The situation is a lot more complex now. We are borrowing too much to service debts. We are even borrowing to finance our huge recurrent expenditure. We are in arrears in dollars that we need to settle firms desiring to take out their profits.

These are very poor signs for a country unable to rely on large increases in tax intake such as income tax from millions of new employees annually or increase in millions of high earning companies. Yet demand for expensive imported goods, funding education of relatives and medical care abroad, increase, etc.

If FG wants to be honest, we are really in a tight spot. In a country where even a little currency devaluation causes considerable inflation, keeping the Naira relatively stable is imperative. Imagine how inflation will rise around Christmas once again this year.

Whether anybody likes or hates Obinomics, it's time for us to realise that we must drastically reduce importation, grow local production and gradually. Govt can subsidise locally produced goods for the time being.

PDPdestroyer:

Can you mention how he was able to do this as Anambra State governor?

Always reasoning like kids

CORRUPTION IN THE VERY HIGH PLACES.

Programmer47:


These ones are mindless Apc robots na.
If Peter Obi says the Sky is blue, these minions are ready to swear that the sky is black.
People that cry over anything Peter Obi says but turn deaf and dumb when their drug lord misyarns.

Notice how every useless decision Mr Druglord makes is somehow connected to H.E Peter Obi.
What will Peter Obi do differently?
Why did Peter Obi not do like this?
Peter Obi is the same.
Peter Obi ....

They are all scared of the man so their job is to push false narratives as much as possible.
Nigerians all expected it so its funny when these clowns start performing according to their scripts.

B.A.A.T is a complete failure at only just 6 months in Power.
Neither legitimate nor even business savvy to handle a burgeoning economy like ours.
Making decisions and rescinding them without any concerns over the impact.
Running a bloated government when saving should be the primary currency in our inflated market.

The list goes on and on but an Apc robot would rather ignore all of these and tell you how one Peter Obi would not be President.
Tinubu is like a monkey who after fighting to be in the drivers seat, is clueless on how to start the car

Please, there is no one called B.A.A.T
What we know is B.A.T
Don't allow thieves to smuggle in the ''Adekunle'' and legitimize it.
There is no ''Adekunle'' in Tinubu's names!