Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,154,133 members, 7,821,873 topics. Date: Wednesday, 08 May 2024 at 08:41 PM |
Nairaland Forum / Nairaland / General / Politics / Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu (15767 Views)
Budget, Agriculture Ministers Fault Subsidy Removal, Floating Of Naira / 10 Companies That Shutdown Over Worsening Economy / Sowore: "You Owe Nigerians An Explanationโ โ Sagay Tells DSS Over Re-arrest Of A (2) (3) (4)
(1) (2) (3) (4) (Reply) (Go Down)
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by Bluearrow: 2:05pm On Feb 22 |
skj1377:Governors should determine the value of a nation currency?? What did I just read? |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by hushpapi(m): 2:05pm On Feb 22 |
Good idea sir, floating of naira also got effect on us. But sir what I know and very sure of is that, if anyone want to transform this country into a good please he should be ready to kill some people. If they don't go, bringing back this country to stand level will be very difficult. 2 Likes |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by VeeVeeMyLuv(m): 2:06pm On Feb 22 |
civilserva:No serious leaves it currency entirely to the dictates of the market forces to influence as it pleases. This is the reason USd & GBP currency symbol is not available on binance Go search and find out. |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by stagger: 2:07pm On Feb 22 |
History555: How? The managed float system previously used requires the CBN to defend the currency by selling dollars. Where is the dollars? Emefiele took a loan from two investment banks and used 70% of Nigeria's foreign reserves as collateral. Even the recent loan taken from an international finance institution used the entire crude proceeds for a year as collateral. So where will CBN get dollars to go back to the managed float system? 2 Likes 1 Share |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by Lifemanage: 2:07pm On Feb 22 |
nairavsdollars:This man na another major clown in this country |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by 12345baba(m): 2:09pm On Feb 22 |
Hahahahaha. Sapa done reach sagay side. We in the mountains of kuje are enjoying natural things. |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by Johnjustice: 2:09pm On Feb 22 |
I wonder why the president is not listening to sound advice |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by Funkyswagzz(m): 2:09pm On Feb 22 |
Frigga13: Just look at yourself and ask yourself if you are ok? 1 Like
|
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by OnionBandit(f): 2:10pm On Feb 22 |
Ogiame:The level of Una emptiness dey out of this world. You and your people just talk without thinking. One direction hypocrites.. So because he supported Tinubu during elections, he should not advise him when necessary? I am sure if Peter Hoebi had won, nobody dare speak against his policies. You pple will roast them alive 3 Likes 1 Share |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by advanceDNA: 2:10pm On Feb 22 |
skj1377: When u over-borrow and u want to still borrow more....u won't have choice than to dance to the tune of the lender(IMF) The werey needs to return some of money we borrowed so he can still borrow more.... ......but embezzlement will not let them be able to use one stone(i.e..oil revenue) to kill two birds (i.e peg the currency and pay back the IMF) 1 Like |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by Haaland21: 2:12pm On Feb 22 |
Xscape1993: The drug tribe are well known all over the world...The so called drug master wasnt caught with drugs unlike the zombie Chinedu who was caught and his families wanted to bribe the police with 4 million naira cash. shameless people.... 4 Likes 2 Shares |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by RepoMan007: 2:12pm On Feb 22 |
I disagree. Subsidizing forex and petrol is wasteful and drains one region. Instead buy food and sell to Nigerian with only marginal profit. That should push prices of food down and buy govt more time to implement food based projects locally. 1 Like 1 Share |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by Brushstrokes20: 2:13pm On Feb 22 |
... Unfortunately, eBOLA is deaf and dumb! ๐๐๐๐๐๐๐คฃ๐คฃ๐๐๐ฏ๐ฏ๐ฏ #the shyyythole from fry pan to FIRE ๐ฅ๐ฅ๐ฅ๐ฅโ โ |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by fuck419: 2:13pm On Feb 22 |
prinsam30: Speak for yourself. Many people are cashing out in all of this problem. 4 Likes 1 Share |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by Ogiame: 2:14pm On Feb 22 |
OnionBandit:Are you done? |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by yinkeys(m): 2:14pm On Feb 22 |
Damage done already Late When they were sharing dollars in election primaries they didnโt know Nigerians would follow suit 1 Like |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by Bluearrow: 2:16pm On Feb 22 |
casualobserver:Your analogy doesn't apply to Nigeria situation. It is impossible for our weightless & unhealthy naira to withstand the dollar without support! The economy is zero, the nation has lots of debts & all these years of corruption and funds mismanagement effects are gradually coming up. It is either the govt stop the floating by paying to defend the naira or it's going to be very disastrous, because the depreciation is not going to stop! Mind u, if the govt wants to start defending the naira, he is going to start from the current exchange value, same way they have started paying fuel subsidy at 700 naira, something they removed at 195 naira. The earlier he starts paying to defend the naira, the better! All these chasing of bdc are never going to solve anything. 1 Like |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by JuanDeDios: 2:18pm On Feb 22 |
Frigga13:And what does Sagay know about the economy? |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by HopeGying: 2:18pm On Feb 22 |
In what country? It's like you're living in Mars. The drug lord and his gang are the economic saboteurs. Image123: |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by Electrochemistry(m): 2:19pm On Feb 22 |
advanceDNA: They want to borrow more, that's why. |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by JuanDeDios: 2:20pm On Feb 22 |
skj1377:Just like Abacha determined it at N22 - so that people with connections will continue to cash out through round tripping. Una well done. |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by advanceDNA: 2:22pm On Feb 22 |
casualobserver: It will never settle.... over corruption/embezzlement will never let it settle..... U pple have not stopped to wonder how obansanjo did what these government is complaining they can't do now..... Obasanjo cleared out debts..grew foreign reserve, and still maintained the subsidy on the currency and other crude oil products.... |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by Confirm4real(m): 2:22pm On Feb 22 |
Tinubu think Nigeria is Lagos that he boasted he built...
|
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by JuanDeDios: 2:23pm On Feb 22 |
Bluearrow:Yes. Ala Abacha determining it at N22 while arbitrage makes a few billionaires are our collective expense. Armchair economists ti take over. |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by Melagros(m): 2:23pm On Feb 22 |
COMRADES Tinubu is a goner |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by advanceDNA: 2:24pm On Feb 22 |
Electrochemistry: That's what I said naa......they have crippled the companies that will give them revenue and have no novel plans to generate more IGR . ....all their hope to do any projects and steal is to borrow more from the IMF..... 1 Like |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by JuanDeDios: 2:25pm On Feb 22 |
stagger:I think the problem is people think floating is why the naira is falling. As long as the CBN makes no effort to correct this misconception, these cacophony of advice will continue to come in. I'm sure Catholic Bishops or Northern Imams will ask Tinubu to reverse floating tomorrow. |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by JuanDeDios: 2:26pm On Feb 22 |
VeeVeeMyLuv:The currency of every serious country floats. Go and find out. |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by JuanDeDios: 2:26pm On Feb 22 |
Johnjustice:Because it's not sound at all. |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by JuanDeDios: 2:28pm On Feb 22 |
RepoMan007:Tell the CBN to educate the public on the matter. As long as people think (wrongly) that floating is what dropped the naira, this "advices" will continue. |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by Spidermon: 2:28pm On Feb 22 |
In as much as japa pressure is consistent, politicians pressure with stolen funds is consistent, medical and educational tourism pressure is consistent amongst other things, the value of the naira will continue to drop until majority can only afford food and nothing else. At that point and at this rate of the decline, the naira will balance at about 100,000 naira to a dollar. |
Re: Worsening Economy: Stop Floating Of Naira Immediately, Sagay Tells Tinubu by Fkmodhi: 2:31pm On Feb 22 |
Stop wetin Abi ogun wan kee this thief sagay ni? Me wey dey expect $3600 from my babyโฆ |
Election Tribunal Judgement: Peter Obi Reacts To Supreme Court's Ruling / Edo/ondo: INEC Petitions NBA Over Conflicting Orders By Courts / LG Administration Getting Worse In Nigeria, Obasanjo Cries Out
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 39 |