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Nairaland Forum / Nairaland / General / Politics / Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget (6751 Views)
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Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by treesun: 11:48pm On Jan 11 |
The Federal Government, on Thursday, said it settled for N800 to dollar exchange rate in the 2024 Appropriation Act after considering the average performance of the naira.https://punchng.com/why-fg-chose-n800-dollar-exchange-rate-for-2024-budget-minister/ 1 Like 1 Share |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by buharibanjo(m): 12:24am On Jan 12 |
Hmm.. |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by Notfogotten: 12:48am On Jan 12 |
This technically means Naira to USD will exchange at #1800/USD before end of January 2024. 12 Likes 2 Shares |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by gaby(m): 1:10am On Jan 12 |
You'd be deceived to think he understood the gibberish he's uttering here. Ekpa 25 Likes 3 Shares |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by tunwumi: 1:49am On Jan 12 |
400+ between official and parallel market |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by matify83: 2:58am On Jan 12 |
“We will not go outside the law and borrow from ways and means, what is outside the law" You guys printed 7 trillion in 7 months last year and borrowed like it would soon go out of fashion. With the Gulf region tethering on the brinks of a major war that may distort oil supply chain, pegging our budget on an exchange rate of 800/dollars may be counter productive. Una never give us sign say hope dey. 12 Likes |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by CHRISSANCHEZ(m): 3:36am On Jan 12 |
Talking crap....... What was his performance as governor of Kebbi State for 8 solid year ?? 5 Likes 1 Share |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by Iamanoited: 5:52am On Jan 12 |
TAG NAIRA AT N500 : $1 NOW TILL JUNE 2024 AND FROM FIRST JULY 2024, NAIRA SHOULD BE N200 : $1. 1 Like |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by Blackfire(m): 6:28am On Jan 12 |
There is fire on the mountain...and no one seems to be on the run.... 2 Likes |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by Parable007: 7:00am On Jan 12 |
"Which the national assembly raised to N800/$ Meaning naira is not actually depreciating. It is only being depreciated. Reasons best known to them. Every evil in this country has the hand of politics 3 Likes |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by treesun: 7:56am On Jan 12 |
800!, Only God can help us! 1 Like |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by tishbite41(m): 8:10am On Jan 12 |
Just to enable their corruption 2 Likes 1 Share |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by bigdammyj: 8:11am On Jan 12 |
Reading… |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by money121(m): 8:13am On Jan 12 |
Eheh |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by sofeo(m): 8:17am On Jan 12 |
Let's hear it. |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by yeshuasfootstep(m): 8:19am On Jan 12 |
The kind of names am hearing sounds like people who will be jubilating as the dollar is rising. God please help us. |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by Gadafii: 8:19am On Jan 12 |
I ca assure you that this minister does not know what he’s saying The moment he started talking about oil scarcity as a result of ships colliding at sea thereby blocking the channel I knew right away that he’s confused Nigerians are in for a long ride, please make no agbado quote me Abeg, na beg I beg🙏🙏 5 Likes |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by lonelydora: 8:26am On Jan 12 |
Yeye dey smell. No president in 8 years made policy somersault like Tinubu has done in 7 months. Master strategist in the mud. 5 Likes |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by millhouse: 8:28am On Jan 12 |
And someone here is expecting dollar rate to fall to N500/$1 . 1 Like |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by iwaeda: 8:30am On Jan 12 |
treesun: How can companies survive on #800/$1. We need to focus more local production and make people safe to access their farms. When Ayoola and Olaola poundo yam started, I was innthe State, almost every store near me sells. You can imagine the income. Our leaders are not , betta educated. |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by BigDawsNet: 8:35am On Jan 12 |
You met it 400 and dragged it 800... I don't get it? Are you on that sit to make ur people suffer? I believe a normal nation should be working on appreciating its own local currency against the almighty dollar! What are this guys doing seriously |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by Obinoscopy(m): 9:16am On Jan 12 |
If the average dollar rate for 2024 is eventually 1000 naira, it means the FG will have to borrow extra 200 naira (ie 1000 - 800 = 200) for every dollar borrowed in addition to the money they are already borrowing. That's a 25% increase in debt. And to be honest with you, I think the naira to dollar rate will be higher than 1000 naira in this 2024. I'm not a prophet of doom, I'm just saying things as I see them. 2 Likes |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by trevorlinda: 10:15am On Jan 12 |
N800 per $1 isnt dat wonderful |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by skultrick(m): 10:24am On Jan 12 |
So basically, the peg it at that rate to steal more with no questions asked. You might hear things like budget padding later. If the naira falls further, will dey account for the extra since our economy has now been dollarized.? I don't think Nigeria will ever meet up with 1st world countries until we have working institutions that can thoroughly checkmate every single public office holder. |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by cutedharmee: 10:40am On Jan 12 |
There is problem |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by tojahh(m): 12:26pm On Jan 12 |
He asked... Do we spend dollar here? Why are you troubled? Shey na statistics we go chop? |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by Iamanoited: 1:04pm On Jan 12 |
BRING DOWN THE DOLLAR TO N500 : $1 NOW . AND PETROL PRICE DOWN TO N500 per liter. |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by ConfidentialDoc: 3:06pm On Jan 12 |
800/litre loading |
Re: Atiku Bagudu: Why FG Chose N800/$ Exchange Rate For 2024 Budget by bizhop01: 2:53am On Jan 13 |
Criminals can only deceived fools, Since 1990 when ever dollar breakout against naira. The useless currency pair called naira will never bounce back, neither any tangible retracement |
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