My friends abroad, please lets be truthful o.
Cardi B is devaluing our dollars and pounds.
Are we really happy with him o?
Hope we no go protest at this rate.
We stood on mandate here too o

Copied

As a progressive, I am, but I can't speak for others.

Yes of course .. Its good development for economy . business men and women. Factories . .. I like it .. Personally ..

Yes ooo, everywhere is good. We are aiming at 250 naira by December 2024.

If they are Happy or not... It's a very good thing

I'm not suffering will reduce

Why should Nigerians abroad be concerned about that? At 1000 per dollar, you send $100 to Nigeria to do certain things. That's 100,000 naira.

Then the exchange rate goes to 1500 per dollar. You want to do those same things, and they tell you that you can't do it for 100,000 naira again because things are now more expensive due to the exchange rate. To do those things now, you need 150,000 naira. That means you then need to convert $100 to naira to afford that thing.

Now, the exchange rate goes back to 1000 per dollar. To do that particular thing again, the price will come back to 100,000 naira. Then you need to convert $100 to get 100,000 naira to get it done.

In all cases, you have spent $100. Your purchasing power has neither increased nor decreased, but just the figures changing.

And if the prices of things haven't come down yet, just wait. Prices are gradually coming down and will be back to where it was when the dollar was selling for 1000.

The truth is the naira appreciation is good for our country... Anybody that earns in foreign currency and spends in naira will not be happy with the naira appreciation whereas those that earns in naira and spends foreign currencies are expected to be happy.

Another government propaganda thread for government propaganda agents to mastubate on

Subtle reminder that Tinubu met dollar at N490 = $1

If you're a foreign investor who believed Tinubu and invested in Nigeria, your bank has probably taken over your business to recover their money

The image below shows how much the naira has lost value in the past one year

Dollar fall 🤥
Naira gain🤔

Same news on NL everytime bt no impact

Hw abt inflation 👀

Until when the price of commodities comes down, that's when common men on the street can appreciate the value of solar going down.

ryloy:


Copied

BS , if u are abroad what of your other family members and friends in Nigeria ? Can u take care of all of them? Offcos not , so the better the Nigerian economy gets the better for all of us Nigerians , let the naira actually finds its levels and not saccharine fake government manipulation and if it is 10 naira to a dollar we will come happily and put in our best

ryloy:


Copied

to be frank with you most of us are not happy about it. Especially knowing that cost of things are still high. They should work on reducing cost of things because remittances would drop.

groovvyy:
Why should Nigerians abroad be concerned about that? At 1000 per dollar, you send $100 to Nigeria to do certain things. That's 100,000 naira.

Then the exchange rate goes to 1500 per dollar. You want to do those same things, and they tell you that you can't do it for 100,000 naira again because things are now more expensive due to the exchange rate. To do those things now, you need 150,000 naira. That means you then need to convert $100 to naira to afford that thing.

Now, the exchange rate goes back to 1000 per dollar. To do that particular thing again, the price will come back to 100,000 naira. Then you need to convert $100 to get 100,000 naira to get it done.

In all cases, you have spent $100. Your purchasing power has neither increased nor decreased, but just the figures changing.

And if the prices of things haven't come down yet, just wait. Prices are gradually coming down and will be back to where it was when the dollar was selling for 1000.

thats if the price goes back. However, prices are still high in the market.

Spending billions of naira to defend same naira Against dollar, Dem go soon start to dey print naira again

Most of the things dey accuse Emefiele of doing, they are already doing it.

They removed subsidy cos they couldn't sustain it, throwing Nigerians into more hardship, then went behind to continue paying subsidy, meanwhile petrol still sells higher than before subsidy was removed.


Until tinubu brings dollar to below 400, furl below 400 as well, and a massive decline in the cost of basic items he hasn't done anything to be celebrated

Jogs1900:
The truth is the naira appreciation is good for our country... Anybody that earns in foreign currency and spends in naira will not be happy with the naira appreciation whereas those that earns in naira and spends foreign currencies are expected to be happy.

You sit down in your small room and use your small phone to assume evetyone earning in foreign currency wont be happy


Continue

Lol. Omoh it's a two way thing for me. But then, I'm a very selfish person so I'm not.

Even if Tinubu bring naira at par to dollar many of you obidient ipob will still wail.

Gadafii:
Spending billions of naira to defend same naira Against dollar, Dem go soon start to dey print naira again

Most of the things dey accuse Emefiele of doing, they are already doing it.

They removed subsidy cos they couldn't sustain it, throwing Nigerians into more hardship, then went behind to continue paying subsidy, meanwhile petrol still sells higher than before subsidy was removed.


Until tinubu brings dollar to below 400, furl below 400 as well, and a massive decline in the cost of basic items he hasn't done anything to be celebrated

jesmond3945:
thats if the price goes back. However, prices are still high in the market.

Prices are certain to come down. Though it might take a while, they will eventually drop. Some goods are already experiencing price reductions.

socialmediaman:
Subtle reminder that Tinubu met dollar at N490 = $1

If you're a foreign investor who believes Tinubu and invested in Nigeria, your bank has probably taken over your business to recover their money

The image below shows how much the naira has lost value in the past one year

No you don't understand that Nigeria was wasting $20 billion yearly to defend Naira which has been removed. So you want the waste to continue?

Laye, they will never be happy. Naira depreciation is why most of them have been japaing.

ANY NIGERIAN OR FOREIGNER NOT HAPPY ABOUT THE APPRECIATION OF OUR NAIRA WHETHER YOU ARE IN NIGERIA OR OUTSIDE NIGERIA,YOU ARE ENEMY OF THE STATE. YOU ARE NEXT...IFSHA

ObiPandora:
Even if Tinubu bring naira at par to dollar many of you obidient ipob will still wail.

something he can never do in his lifetime

Agbado no dey get sense at all, so na everyone that does not support the iragbiji thief that's ipob😂😂

I don't understand this craze with naira appreciation, the price of goods and services are still high and nothing has changed!

I'm not suffering will reduce

groovvyy:


Prices are certain to come down. Though it might take a while, they will eventually drop. Some goods are already experiencing price reductions.

yea till then.