cococandy:


That’s exactly what it is.

Even people I know who would have never asked for anything in the past due to having very comfortable jobs, didn’t have a choice but to reach out. And you can tell it was difficult for them to ask for help seeing as they’re used to being self sufficient providers prior to all this nonsense

You probably think diaspora remittances are a new thing. Nigerians abroad are a major source of foreign exchange for a long time. Yeah, current realities make spike the remittances but it is nothing new.

The fact is this administration policies are foreign investor friendly and due to the massive devaluation of our currency investment looks attractive. The effects won't be felt until 4th quarter or 1st quarter of 2025. The major issue is that the negative effects on the economy isn't well managed.

Television money

sometimes i wonder why people expect something good from this administration. A fraudulent process can not produce a good result. So there is nothing anybody can tell me about this administration that i will take it serious. we knew how the last administration got into power in 2015, and after 8 years we know the outcome and we knew how Nigeria has gone backward in almost all aspect since the last administration.

Security worst, economy worst, international respect got worst, naira dead. tellme one area that apc has improved since 2015 i will wait patiently.

seunmsg:


This is no propaganda as Bloomberg is not a propaganda platform like AriseTV and People’s Gazette.

Slowly, the reforms are paying off. It may appear little with minimal impact for now but in no time, the impact will be felt in all aspect of the economy. We just need to be patient and endure for a while, Mr. President will fix the economy.

Hope is. not a strategy

Nigeria can never be great, just read comments on the first page. The stipends you are paid to support the government can't cater for this calamity brought upon us.
Forget all this news let's enter market and purchase goods at pre APC Era, not hike prices and reduce it a little and claim achievement.
That's APCs plan. I told people this party would afflict her citizens for 2 years then relax the afflicition created by them and claim progress yet people would vote for them again.
If nigerians were united how would APC still win elections all over the country.

BobbieZion:
Funny statistics.
All this big big terms have not changed anything positive.

Let the change be felt directly on the economy.
Not all this propaganda useless moves.

Same thing they did for good 8 years under Buhari telling us to be patient that the reforms will be positive, only for it to go down the drain beyond imagination.

why cant u be positive and happy for small wins

Stop telling us your achievements let's feel them ourselves. Abi shey na musician they tell people say him song na HIT or listeners that feels the VIBES.

Yet ebinpawa is everywhere lol . Funny people. Clowns lol

seunmsg:


This is no propaganda as Bloomberg is not a propaganda platform like AriseTV and People’s Gazette.

Slowly, the reforms are paying off. It may appear little with minimal impact for now but in no time, the impact will be felt in all aspect of the economy. We just need to be patient and endure for a while, Mr. President will fix the economy.

Any platform can be a propaganda platform.

Besides you don't have to tell a lie, you just bend the reality.

If for instance, Nigeria is a transit channel for 40% the transactions (as this has happened before), the journalist has truthful reported $1b. But in reality only $600 remain in the country.

seunmsg:


Can you haters stop talking nonsense? Diaspora remittance is a major source of forex earning for Nigeria and sadly, it has been dwindling over the years. Under Buhari, Emefiele even started offering Nigerians in diaspora extra N5 for every dollar remitted yet, the response wasn’t so good. People in recent times preferred sending money to relatives at home through crypto and fintechs outside banking control.

Now that there is significant improvement, it means confidence is returning to the system. It is a good indication that the reforms are working. Only senseless and irredeemable haters will attribute this to suffering. People remit money home from all over the world. It has nothing to do with the high cost of living all over the world.

Comparing diaspora remittances (which can actually signal the level of an emergency at home) to foreign investment only once more shows just how desperately illiterate and stupid you are on these matters.

I strongly advise you to take a year off to meditate and study before returning to your knee jerk worship of Bola Tinubu.

ElSudani:


You probably think diaspora remittances are a new thing.

I don’t even know how to respond to this.
Why would I think that?

Nigerians abroad are a major source of foreign exchange for a long time.

duh?

Yeah, current realities make spike the remittance but it is nothing new.

Thanks for getting the point.
There’s a spike because the poverty level in Nigeria increased . Previously comfortable/well to do people are finding themselves less able to afford things they could easily afford. Hence they reach out more to relatives and friends, hence the spike? That’s kinda the point

There’s no rush of foreign investors so wowed by the current realities that they are swarming into the country to establish businesses etc.

People just got poorer and that’s not an achievement .

As in, propaganda in full swing is all thief'nubu has to offer. Bloomberg should come and buy one carton of indomie let's find out how it goes.

Yeye dey smell.

Bloomberg with its stupid headline. $1-3 billion is now considered pouring in? What is this hot money inflow costing Nigeria? How long will this money stay in Nigeria? What would happen when the finally returns to the owner? What would repatriations of such funds mean for Naira, inflation and our economy?

Bloomberg through some speculators and their other handlers are trying to cajole us, make us believe the current monetary policy is right policy. And it’s already yielding results. I guess in due time we will find out impact these hot money will have on our economy.

What impact will it have on Naira? Will it revalue naira or devalue it further? Would this tame inflation down to less than 21% as it is being predicted? Overall, what will it stabilize Nigerian economy and prepare it for growth?

He is called Jagaban for a reason.

azzima:


ILLITERATE!!!!!!

You are the illiterate one here if you imagine diaspora remittances can be compared to FDI.

Naruto87:
The fact is this administration policies are foreign investor friendly and due to the massive devaluation of our currency investment looks attractive. The effects won't be felt until 4th quarter or 1st quarter of 2025. The major issue is that the negative effects on the economy isn't well managed.

It would only be favorable to investors when they are able to repatriate their funds profitably at Dollar value.

Imagine a foreign investor investing 2million dollars at 450naira to a dollar last year only for his investments to be worth about 500thousand dollars this year.

Investors needs clear economic path and adequate security which none is presently feasible in Nigeria.

cococandy:
I don’t even know how to respond to this.
Why would I think that?
duh?



Thanks for getting the point.
There’s a spike because the poverty level in Nigeria increased . Previously comfortable/well to do people are finding themselves less able to afford things they could easily afford. Hence they reach out more to relatives and friends, hence the spike? That’s kinda the point

There’s no rush of foreign investors so wowed by the current realities that they are swarming into the country to establish businesses etc.

People just got poorer and that’s not an achievement .

Did you also get this from the same report we all read or just your own funny conjecture?
The report clearly stated the amount gotten from people buying Nigerian assets and these to you are not investors?

seunmsg:


This is no propaganda as Bloomberg is not a propaganda platform like AriseTV and People’s Gazette.

Slowly, the reforms are paying off. It may appear little with minimal impact for now but in no time, the impact will be felt in all aspect of the economy. We just need to be patient and endure for a while, Mr. President will fix the economy.

Where do you think Bloomberg get their intel from?

All figures can be massaged and manipulated, the Chinese have been doing it for decades.

seunmsg:


This is no propaganda as Bloomberg is not a propaganda platform like AriseTV and People’s Gazette.

Slowly, the reforms are paying off. It may appear little with minimal impact for now but in no time, the impact will be felt in all aspect of the economy. We just need to be patient and endure for a while, Mr. President will fix the economy.

You Nigerians can never run out of patience . People are already committing suicides due to his policies and some are already killing each other over ordinary food. You see how people are now robbing food trucks and warehouses?

Another Scam cum Audio ...

How many still remember how International Auditors always verified, audited, gave pass marks to so many banks UNTIL Solido asked the banks Oya Recapitalise up to ₦25bn!

Na so fowl nyash take open!

The Tinubu & co we know can "INEC" Bl00mberg...

seunmsg:


This is no propaganda as Bloomberg is not a propaganda platform like AriseTV and People’s Gazette.

Slowly, the reforms are paying off. It may appear little with minimal impact for now but in no time, the impact will be felt in all aspect of the economy. We just need to be patient and endure for a while, Mr. President will fix the economy.

I cannot wait.

These are the people destroying Nigeria. IMF, Bloomberg etc. Where's the billions when investors and businesses are shutting down with multinationals leaving in numbers?

Foolish propaganda. So our economy is dependent on foreign investors to work while indigenous investors are going out of business. The policy will be said to work when indigenous investors are successful.

ElSudani:


Did you also get this from the same report we all read or just your own funny conjecture?
The report clearly stated the amount gotten from people buying Nigerian assets and these to you are not investors?

If you live in Nigeria presently, you don't need to read any report to be aware of all what she said. Just look around you. In fact, just look at yourself, so many things you could afford last year that they no born you well to try it at the moment

When a government is clueless and incompetent, they resort to propaganda, blaming to shore up their deficiency.

maasoap:


If you live in Nigeria presently, you don't need to read any report to be aware of all what she said. Just look around you. In fact, just look at yourself, so many things you could afford last year that they no born you well to try it at the moment

Unfortunately, this is the situation and some people are working day and night to remedy the situation. If we see positive signs that things are looking up should we outrightly deny it because things are still expensive?

seunmsg:


Can you haters stop talking nonsense? Diaspora remittance is a major source of forex earning for Nigeria and sadly, it has been dwindling over the years. Under Buhari, Emefiele even started offering Nigerians in diaspora extra N5 for every dollar remitted yet, the response wasn’t so good. People in recent times preferred sending money to relatives at home through crypto and fintechs outside banking control.

Now that there is significant improvement, it means confidence is returning to the system. It is a good indication that the reforms are working. Only senseless and irredeemable haters will attribute this to suffering. People remit money home from all over the world. It has nothing to do with the high cost of living all over the world.

Man sell land send him pikin to UK. Pikin start to do care job and earn 10$ per hour out of which he sends him papa a token to use buy paracetamol.
Then useless and shameless government in Nigeria supported by very stupid people say because of this token remittance, their economy is improving.

All of u are very very shameless.
Spits.

seunmsg:


This is no propaganda as Bloomberg is not a propaganda platform like AriseTV and People’s Gazette.

Slowly, the reforms are paying off. It may appear little with minimal impact for now but in no time, the impact will be felt in all aspect of the economy. We just need to be patient and endure for a while, Mr. President will fix the economy.

same thing they said during Buhari regime

Naruto87:
The fact is this administration policies are foreign investor friendly and due to the massive devaluation of our currency investment looks attractive. The effects won't be felt until 4th quarter or 1st quarter of 2025. The major issue is that the negative effects on the economy isn't well managed.

Listen up and listen well kid: let me dumb it down for you.

If you have a crisis at home and have to loan from a loan shark. That loan shark tells you, look here, you must be able to pay me back, so no more medical checks for your kids. No more private school. No more sports. No more outings with their friends. They must stay home and from now only have half a meal a day and one cup of water. No vitamins for them. No television. If any one of them dies in the process so be it. No emergency services.

You agree to to these obnoxious terms so guess what the the loan shark announces that your economic reforms are working and you are now responsible. In fact followers of the loan shark market make observations that a lot of your relatives have been sending you money because you are now responsible and so that shows that there is more confidence in you. In addition more loan sharks are sending money your way since they see that you are willing to starve your children to pay them interest.

So everyone pats you on the back.

And one by one, your kids die off.

seunmsg:


Can you haters stop talking nonsense? Diaspora remittance is a major source of forex earning for Nigeria and sadly, it has been dwindling over the years. Under Buhari, Emefiele even started offering Nigerians in diaspora extra N5 for every dollar remitted yet, the response wasn’t so good. People in recent times preferred sending money to relatives at home through crypto and fintechs outside banking control.

Why is that all of a sudden? Because there were no crypto and fintechs during Buhari and Emefiele, right? People living in abroad would always pray that naira falls to N5,000 to another dollar.

Now that there is significant improvement, it means confidence is returning to the system. It is a good indication that the reforms are working. Only senseless and irredeemable haters will attribute this to suffering. People remit money home from all over the world. It has nothing to do with the high cost of living all over the world.

Ookayyyy! They would rather be watching their families to die of starvation in Nigeria?

ElSudani:


Unfortunately, this is the situation and some people are working day and night to remedy the situation. If we see positive signs that things are looking up should we outrightly deny it because things are still expensive?

Pls can you point to one single act which shows this day and night work to remedy things.