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Naira Over N1250 To Dollar, Tinubu's Deliberate Sabotage Of Nigeria's Economy - Politics - Nairaland

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Naira Over N1250 To Dollar, Tinubu's Deliberate Sabotage Of Nigeria's Economy by Bebigiby1: 8:45pm On Oct 23, 2023
When all is said and done, it will be Nigerians that will bear the consequences of Tinubu's evil government....

Many social media influencers supporting the rapid devaluation of our currency are making the argument about local export benefiting from a free fall of the Naira. It is unfortunate that people like Reno Omokri as educated as he is, can't understand basic economics as relates to Nigeria. There is no economic benefit to a weak devalued Naira as Nigeria is majorly an import driven economy. The infrastructural deficit as regards high cost of reliable electricity, transportation et al will erode any competitive advantage if you produce locally in Nigeria.... Naira currency must appreciate in value to enable any sensible government stabilise the economy and this can be achieved if there is a deliberate effort to look inwards, stop reckless borrowing of foreign loans, stop excessively looting of public funds, invest in stable electricity, refine fuel locally (Government must build and operate at least one refinery) and reduce the cost of government by dissolving duplicate ministries, parastatals and pubic offices including reducing the number of senators, reps and ministers.... as our current system of government is bloated and too expensive......

When the Naira was 700 to a $1, many foolish people on this forum and within the country were foaming at the mouth, insulting other sensible Nigerians who spoke out against the dangers and criminality that plagued Tinubu's presidential ascension and appointments. These people who are mostly of Yoruba descent spread hatred among other Nigerians especially igbos mocking and wishing that they die of pain over Peter Obi's loss at the presidential election, saying it was their turn to rule.... The usual nepotistic sentiments that installed Buhari another bad leader as president for the past eight years, who led us to where we are today....

We are now 5 months into Tinubu's presidency and Nigeria's economy is on the brink of total collapse.... a hopeless situation where unemployment is on the rise.... price of goods and services is on the rise.... petrol price per litre is on the rise.... insecurity is on the rise..... corruption and looting is on the rise..... kidnapping is on the rise.... terrorism is on the rise..... everything bad seem to be on the rise while Tinubu is busy with his nepotistic appointments and reckless foreign loans borrowing policies (Continuing from where Buhari stopped).... Nigerians have never had it this bad since independence, it is now clear that this government is bent on destroying this country. In 2012, when Jonathan's government removed subsidy, many Nigerians including Tinubu marched in protest and demanded an immediate reversal of the policy even though Jonathan's administration had a better plan for the country and naira was N180 to $1, today with the terrible state of the economy and existence of an incompetent, reckless and evil government, why are Nigerians not protesting? Why have we decided to be docile and insensitive even to our own detriment? As it stands, we may not have a country by December if nothing is done to stop the astronomical rise in our currency value against dollar..... I will reiterate again that Tinubu's APC government will destroy this country if allowed to continue.... All well-meaning Nigerians and patriots must rise and save this nation before it is too late.... We have no other country but Nigeria.... by the time dollar hits N2000, it is only a matter of time before total break down of law and order with criminals looting shops and killing people everywhere..... Nigerians must rise above tribal and religious sentiments..... we must demand for the right things to be done..... Tinubu must go and the evil government dissolved to restore hope.... We know he didn't win the 2023 presidential election.... we know he lied under oath.... we know he forged documents.... we know he has a criminal past.... we cannot allow this evil to continue if we must save this nation.... Tinubu and APC must go so that we can live....

6 Likes 2 Shares

Re: Naira Over N1250 To Dollar, Tinubu's Deliberate Sabotage Of Nigeria's Economy by Wujio: 8:48pm On Oct 23, 2023
APC don show this country shege

8 Likes 1 Share

Re: Naira Over N1250 To Dollar, Tinubu's Deliberate Sabotage Of Nigeria's Economy by Bobloco: 8:48pm On Oct 23, 2023
OP, they will come for your head

They will say you are wailing, infact that your wailings just begun

They will call you IPOB, obidots, children of hate and other derogatory names

9 Likes 1 Share

Re: Naira Over N1250 To Dollar, Tinubu's Deliberate Sabotage Of Nigeria's Economy by Phantom233: 8:59pm On Oct 23, 2023
Pity for anyone who expects anything good from an illegitimate corrupt government. He actually promised to carry-on from where Buhari stopped....Next level SHEGE!🙄

8 Likes 1 Share

Re: Naira Over N1250 To Dollar, Tinubu's Deliberate Sabotage Of Nigeria's Economy by PythonTutorial2(m): 9:23pm On Oct 23, 2023
The exchange rate palaver is a really hard nut to crack. Can anyone please break down the factors controlling the exchange rate for me ?

3 Likes 1 Share

Re: Naira Over N1250 To Dollar, Tinubu's Deliberate Sabotage Of Nigeria's Economy by Burob: 9:27pm On Oct 23, 2023
Wujio:
APC don show this country shege
Too many Oblivious Lazy Things Like you in The Federal Republic of Nigeria is the problem.

You add no value to the system, indeed, it is because of Bola Tinubu forex is high.

1 Like 1 Share

Re: Naira Over N1250 To Dollar, Tinubu's Deliberate Sabotage Of Nigeria's Economy by yarimo(m): 9:53pm On Oct 23, 2023
; grin grin grin grin grin
Bebigiby1:
When all is said and done, it will be Nigerians that will bear the consequences of Tinubu's evil government....

Many social media influencers supporting the rapid devaluation of our currency are making the argument about local export benefiting from a free fall of the Naira. It is unfortunate that people like Reno Omokri as educated as he is, can't understand basic economics as relates to Nigeria. There is no economic benefit to a weak devalued Naira as Nigeria is majorly an import driven economy. The infrastructural deficit as regards high cost of reliable electricity, transportation et al will erode any competitive advantage if you produce locally in Nigeria.... Naira currency must appreciate in value to enable any sensible government stabilise the economy and this can be achieved if there is a deliberate effort to look inwards, stop reckless borrowing of foreign loans, stop excessively looting of public funds, invest in stable electricity, refine fuel locally (Government must build and operate at least one refinery) and reduce the cost of government by dissolving duplicate ministries, parastatals and pubic offices including reducing the number of senators, reps and ministers.... as our current system of government is bloated and too expensive......

When the Naira was 700 to a $1, many foolish people on this forum and within the country were foaming at the mouth, insulting other sensible Nigerians who spoke out against the dangers and criminality that plagued Tinubu's presidential ascension and appointments. These people who are mostly of Yoruba descent spread hatred among other Nigerians especially igbos mocking and wishing that they die of pain over Peter Obi's loss at the presidential election, saying it was their turn to rule.... The usual nepotistic sentiments that installed Buhari another bad leader as president for the past eight years, who led us to where we are today....

We are now 5 months into Tinubu's presidency and Nigeria's economy is on the brink of total collapse.... a hopeless situation where unemployment is on the rise.... price of goods and services is on the rise.... petrol price per litre is on the rise.... insecurity is on the rise..... corruption and looting is on the rise..... kidnapping is on the rise.... terrorism is on the rise..... everything bad seem to be on the rise while Tinubu is busy with his nepotistic appointments and reckless foreign loans borrowing policies (Continuing from where Buhari stopped).... Nigerians have never had it this bad since independence, it is now clear that this government is bent on destroying this country. In 2012, when Jonathan's government removed subsidy, many Nigerians including Tinubu marched in protest and demanded an immediate reversal of the policy even though Jonathan's administration had a better plan for the country and naira was N180 to $1, today with the terrible state of the economy and existence of an incompetent, reckless and evil government, why are Nigerians not protesting? Why have we decided to be docile and insensitive even to our own detriment? As it stands, we may not have a country by December if nothing is done to stop the astronomical rise in our currency value against dollar..... I will reiterate again that Tinubu's APC government will destroy this country if allowed to continue.... All well-meaning Nigerians and patriots must rise and save this nation before it is too late.... We have no other country but Nigeria.... by the time dollar hits N2000, it is only a matter of time before total break down of law and order with criminals looting shops and killing people everywhere..... Nigerians must rise above tribal and religious sentiments..... we must demand for the right things to be done..... Tinubu must go and the evil government dissolved to restore hope.... We know he didn't win the 2023 presidential election.... we know he lied under oath.... we know he forged documents.... we know he has a criminal past.... we cannot allow this evil to continue if we must save this nation.... Tinubu and APC must go so that we can live....










Re: Naira Over N1250 To Dollar, Tinubu's Deliberate Sabotage Of Nigeria's Economy by Wujio: 10:43pm On Oct 23, 2023
Burob:
Too many Oblivious Lazy Things Like you in The Federal Republic of Nigeria is the problem.

You add no value to the system, indeed, it is because of Bola Tinubu forex is high.


Talaktaive. My current prokect is over 20m ode.

2 Likes 1 Share

Re: Naira Over N1250 To Dollar, Tinubu's Deliberate Sabotage Of Nigeria's Economy by Nonny95: 11:12pm On Oct 23, 2023
Burob:
Too many Oblivious Lazy Things Like you in The Federal Republic of Nigeria is the problem.

You add no value to the system, indeed, it is because of Bola Tinubu forex is high.

Noise maker.

How much value did you add in 2014 when dollar was 180, yet you protested with your life in Ojota?

7 Likes

Re: Naira Over N1250 To Dollar, Tinubu's Deliberate Sabotage Of Nigeria's Economy by victorclean(f): 2:20am On Oct 24, 2023
You can't give what you don't have. Tinubu is inexperienced . He is developing Nigeria the he he developed Lagos.

Fashola, Ambode, etc may not intelligent by his postulations. It's only him that works!!!!
Re: Naira Over N1250 To Dollar, Tinubu's Deliberate Sabotage Of Nigeria's Economy by Bebigiby1: 5:39am On Oct 26, 2023
If Supreme Court Judges fail to rule against Tinubu and APC based on recent overwhelming evidence, Nigerians should be ready to march in protest for justice because there is nothing left to hold on to as far as Nigeria's economy is concerned. Once our economy totally collapses which is inevitable as dollar rises against the naira, Tinubu and his political cronies have nothing to lose as their families and major investments are not in Nigeria.... The right thing must be done to salvage this nation before it is too late.....

1 Like

Re: Naira Over N1250 To Dollar, Tinubu's Deliberate Sabotage Of Nigeria's Economy by Sannisege: 6:51am On Oct 26, 2023
Igbos will labour and wail till death. It is high time the FG killed all Igbo businesses because those guys are saboteurs.
Re: Naira Over N1250 To Dollar, Tinubu's Deliberate Sabotage Of Nigeria's Economy by amazingspiderma: 6:58am On Oct 26, 2023
Should people be begging to eat just because they didn't vote for you.

It is election, not a war.
Re: Naira Over N1250 To Dollar, Tinubu's Deliberate Sabotage Of Nigeria's Economy by Bebigiby1: 7:20am On Oct 26, 2023
Lol.... indeed a terrible person for making this post..... You are about to be rendered jobless and your major concern is igbo people.... Continue to deceive yourself.... you will soon get what you deserve.....
Sannisege:
Igbos will labour and wail till death. It is high time the FG killed all Igbo businesses because those guys are saboteurs.

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