Omihanifa:
If something urgent isn't don't to prevent the slide. We should be looking at 2000 naira to a dollar by December.

By April, e go reach 2k... Bet me

Emilokan. See your life.

HeadNigga:
Tinubu is really here to teach Nigerians to stop voting along religious and ethnic lines. This hardship should reset the brains of those saying "we will teach them a lesson" by 2027.

If by 2027 you guys don't lead the campaign to vote for a credible candidate, I will gladly vote for Tinubu so that the hardship will go on. We must learn a lesson

2027 they'll vote the vegetable again. We don't learn from the past. Not at all

Those earning in dollars and living in Nigeria, make una dey show love oohh

HeadNigga:
dey play. Once I mention a name you don't like now the tribal and religious game will begin. Whoever you guys want we vote for him. We must learn a lesson

Pls mention a name, what we don't know is that, having fear of God has nothing to do with religion. Many Alfas, pastors is not as holy as some of their followers at times.

Omihanifa:
If something urgent isn't don't to prevent the slide. We should be looking at 2000 naira to a dollar by December.

December?

You mean by April... all indexes point to 2000NGN to USD by April.

nairalanda1:


Reversing fuel subsidy would only make us spend more government income on subsidy, make us borrow to fill in the deficit related gap, and then we would reach a point where there is no more money.

The thing is, we should diversify our economy and raise income from taxes to pay for subsides.

It's the fuel subsidy removal that ignite the hyper inflation in the country.

Does the removal of fuel subsidy stop the government from taking loans

Nigeria has the reasources to fix all her refineries and make them running.

Celestialsword:
It's the fuel subsidy removal that ignite the hyper inflation in the country.

Does the removal of fuel subsidy stop the government from taking loans

Nigeria has the reasources to fix all her refineries and make them running.

Actually, thanks to years of low oil prices, and massive borrowing , brought about in part by subsides, we don't have enough money, and debt servicing was taking 90% of our loans at one point.

Ironically, taking more loans is a result

TheAlchemist:
JAGABAN now is the time to read the riot act to the CBN governor

To do magic

ufotunang:
If this floating of naira is not working....can't they look for another alternative solution.. another economic policy that can work out... what is the essence of Tinubu having economic teams, special advisers ?... what advise are they giving to him ?

The moment they floated the currency, the government lost the last bit of control they had over the Economy... right now, Nigeria's Economy is at the mercy of the open market and it is definitely not helping matters that fuel is an imported commodity.

I regret to tell you that as long as fuel is being imported, as long as there are no significant exports, as long as Nigeria depends fully on a consumption demand... The Naira is doomed.

Baba, December too far nau, this clueless govt will take dollar to 2k before May.

Omihanifa:
If something urgent isn't don't to prevent the slide. We should be looking at 2000 naira to a dollar by December.

MikeMicheal:
The devaluation is favouring me, Dog bless our darling president.

10,000/$ is the target inshallah.

nairalanda1:


Actually, thanks to years of low oil prices, and massive borrowing , brought about in part by subsides, we don't have enough money, and debt servicing was taking 90% of our loans at one point.

Ironically, taking more loans is a result

Nigeria is neck deep in debt right now, expecially the Buhari government,he borrowed to stupour and was even paying and servicing the loans with crude.

His successor has continued in the same stead, without anything to show

badoh:
Please save us from this naira depreciates news everyday. Should we kill ourselves because Naira keeps depreciating? If you have better strategy and knows more than those incharge of fiscal and monetary policies, go and assist them.

are they the one behind Nigeria problem

Omihanifa:
If something urgent isn't don't to prevent the slide. We should be looking at 2000 naira to a dollar by December.

Before end of March we will cross 2000 if something drastic is not done like reversing the decision to float naira so it can stay at 1500

optimusprime2:


The moment they floated the currency, the government lost the last bit of control they had over the Economy... right now, Nigeria's Economy is at the mercy of the open market and it is definitely not helping matters that fuel is an imported commodity.

I regret to tell you that as long as fuel is being imported, as long as there are no significant exports, as long as Nigeria depends fully on a consumption demand... The Naira is doomed.

Nigeria has been import dependant since the time of Adam,and the economy has not been so bad as it is now.

Omihanifa:
If something urgent isn't don't to prevent the slide. We should be looking at 2000 naira to a dollar by December.

December? you not being realistic to your self.
we're talking of April or May here.

Rebuke:
I just hope we won't wake up one morning to meet it at 2k per dollar 🥱🥱🥱🥱🥱🥱

You people surprise me a lot

A man who is a certificate forger as recently as 2022 here when he filed his electoral forms with INEC is someone you can trust ?

Do you guys know what a currency note is ? IT IS A PROMISE FROM A PURCHASER TO A BUYER THAT HE /SHE IS GETTING VALUE FOR THE

GOODS AND SERVICES THAT THE SELLER IS SELLING TO THE PURCHASER ==== That is TRUST, and the man in Aso Rock is not a trustworthy

person. A man who once sold drugs can do anything to make money [FACT] ----- TINUBU is printing trillions of naira every day and

converting to dollars we are sending home --- and they are using the worthless monopoly money Tinubu is printing called the naira to

chase and purchase the limited dollars in circulation for them to steal and keep - THIS IS THE REASON THE DOLLAR IS RISING AGAINST

THE NAIRA AND AS LONG AS THIS TREND CONTINUE UNABAITED - THE DOLLAR WILL HIT N5,000 BEFORE THE END OF THIS YEAR!!!!!

EVERY OTHER NONSENSICAL NARRATIVE BEING PUT OUT THERE BY THE MEDIA OR THE GOVERNMENT ABOUT THE NAIRA ARE LIES AND

DIVERSIONARY METHODS TO ENSURE WE DO NOT REALIZE WHAT THEY ARE DOING TO NIGERIA ------ stop printing and stealing the naira!!!!

Simple demand and supply. We import practically everything plus we now also source FX for school fees and healthcare. What do you expect will happen?
The governors and LG are totally useless. Not one state in the country has an industrial strategy or an end to end agriculture strategy. All they do is collect and share monthly allocation.
The party has come to an end. Every level of govt in this country needs to focus on Production and not consumption, just like the Man said during the campaign

nairalanda1:
Well, we are here , because we did not diversify, diversify.

If you want to know why we are here, this article is for you. (It was published in 2004 by the way, so not an apologia for APC..Lol. It is also strangely prophetic).



Sauce: Managing the dutch disease in Nigeria by
Dr. Emmanuel Ojameruaye

What we experienced from 1982 , we are experiencing now, since 2014.

The economy cannot be diversified in one day,it should be a continued policy trust handed over any incoming government.

The outright neglect over the years by successive government has lead the country into the current quagmire.

It was only ignited by the fuel subsidy removal even when none of the country's refinery is working.

Celestialsword:
Nigeria has been import dependant since the time of Adam,and the economy has not been so bad as it is now.

Yes you are right about import dependency, however note that Nigeria also had high volumes of petroleum export to balance out the import costs back in the day (good days) especially during the era of high crude oil prices per barrel...

However of late, those petroleum export numbers have drastically dropped, coupled with the drop in crude prices, (the global shift in fossil fuel demand to renewable energy sources and Electric vehicles), as well as the legendary corruption in the oil and gas sector of Nigeria, the impact of oil Bunkering and pirate activities and the resulting effect; is the weight of import/National demand that is heavily being felt currently.

Oga,
It will be a bad fall just like Venezuela... brace yourself it will get worse, its not a prophesy... it's just a pure fact.

ahmedio2017:



Pls mention a name, what we don't know is that, having fear of God has nothing to do with religion. Many Alfas, pastors is not as holy as some of their followers at times.

we must learn a lesson. We(I) I am waiting for you people to bring forward your messiah and we will vote him in. If you chose a dunce, fine.

Tinubu till 2031....it is his turn to ruin Nigeria. Nigerians are used to suffering and smiling. On his mandate we stand.
Where are those that know almost nothing about economy that, in stead of learning, keep arguing and insulting blindly?
How I wish people listened when I advised buy dollars and keep. There is no hope for naira

Is clear that there is a difference between Lagos economy and federal economy. The boys shining in Lagos economy have failed in managing federal economy

HeadNigga:
we must learn a lesson. We(I) I am waiting for you people to bring forward your messiah and we will vote him in. If you chose a dunce, fine.

You don't have a clue, if your messiah is Peter ibi then you are wrong. They are all criminals we need fresh blood there irrespective of the religion or tribe.

Celestialsword:
Nigeria is neck deep in debt right now, expecially the Buhari government,he borrowed to stupour and was even paying and servicing the loans with crude.

His successor has continued in the same stead, without anything to show

That abokii minister of finance should be arrested for economic espionage

optimusprime2:


The moment they floated the currency, the government lost the last bit of control they had over the Economy... right now, Nigeria's Economy is at the mercy of the open market and it is definitely not helping matters that fuel is an imported commodity.

I regret to tell you that as long as fuel is being imported, as long as there are no significant exports, as long as Nigeria depends fully on a consumption demand... The Naira is doomed.

Nigerians are too funny. I only pity the few innocent ones that have sense but are only a victim of the foolish majority.

HeadNigga:
Tinubu is really here to teach Nigerians to stop voting along religious and ethnic lines. This hardship should reset the brains of those saying "we will teach them a lesson" by 2027.

If by 2027 you guys don't lead the campaign to vote for a credible candidate, I will gladly vote for Tinubu so that the hardship will go on. We must learn a lesson

Who told you Tinubu will rule till 2027?

With the way things are going, he may be forced out before 2027.

UDOKABESTLUV:
Dollar Dey Increase On Daily Basis, CHA E!

daily? Every second

Sicilyjoe:


How can u say dec for dollar to hit 2k is like u are not following up, with this rate it won't pass june and dollar will hit 2kplus

If nothing is done urgently it will be 2k by march

If fg is not ban bdc u the

What makes people think if obi has entered the country would have been in a better position. Nigeria is suffering from the incompetency of past administration