iichidodo:
I don't see the need of a hullabaloo on the size of our foreign reserve, especially if it's used in something as crucial as improving the intrinsic value of the currency used and transacted by millions of Nigerians. If 2Billion$ helps to push naira from 1900 to 1100, then say another 4Billion$ can help us get to at least 200 naira. Now if 1$ equals to 200# in 2024, you wouldn't fail to realize that cash and savings of millions Nigerians just got far more valuable . What's the need of a foreign reserve, if it cannot help to execute crucial macroeconomic function we just highlighted before....And las las, we have crude oil sales to replenish the reserve...

AqualinaXYZ:


You need your 32k stipends my dear




If them born you well say otherwise and kiss your 32k goodbye




Unity beggars

iichidodo:
I don't see the need of a hullabaloo on the size of our foreign reserve, especially if it's used in something as crucial as improving the intrinsic value of the currency used and transacted by millions of Nigerians. If 2Billion$ helps to push naira from 1900 to 1100, then say another 4Billion$ can help us get to at least 200 naira. Now if 1$ equals to 200# in 2024, you wouldn't fail to realize that cash and savings of millions Nigerians just got far more valuable . What's the need of a foreign reserve, if it cannot help to execute crucial macroeconomic function we just highlighted before....And las las, we have crude oil sales to replenish the reserve...

Yampotatocarrot:


Can you give me location for bag of rice at this rate, please?

nlfpmod:

https://www.youtube.com/watch?v=LUF3Ule4j04?si=VfgDlxZPXcc2y3tI



Imran Muhammad

LARRYOBRAIN:
Thank you Cardoso

favor914:
Then I wonder what a nonentity will you say about yourself?

Toluabigr8:
Though I didn't support this govt from onset....but I kinda believe and have confidence in TINUBU administration now... Whatever Tinubu, wale and Cardoso are doing, they shouldn't stop...press that dollar neck no let ham breath

LAXconfidential:
So basically, it's not your intention but you're doing it anyway. Then why float the naira? Why put us through all this suffering only to go back and be doing the same thing after things have become worst?

Is it that these guys don't think before making decisions? They removed subsidy and floated naira at the same time. Dollars shot upwards immediately and by the time they realised they had made a mistake and decided to go back to paying subsidy and supporting the Naira just as Buhari was doing, the dollar equivalent of the 400Billion Buhari was paying for fuel subsidy monthly has become over 900 Billion.

Now they're paying 600 Billion as subsidy. To get us back to the 200/lt we were paying before, they will have to pay the full 900 Billion plus. So tell me, why didn't these guys just continue with Buhari's style? They wanted to be different. Now see where it has landed us? Unprecedented suffering while subsidy is STILL being paid. Why then did we suffer? Why then did we have to go through all this hardship?

What's worse is that most Nigerians don't know the all what I've just said because the APC are masters of propaganda. They know that our achilles heel, our weakness, is tribalism. So they make you more worried about Peter Obi being a pretender, or Bobrisky going to jail for 6 months, and other frivolities, just to distract Nigerians from what is most important. Most people don't even know that they're SUFFERING FOR NOTHING! SUFFERING FOR ONE MANS FOOLISHNESS!!

Bola Tinubu, the least you can do is atleast own up to your mistakes and apologise to Nigerians. You owe us that much. A LOT of people have lost their jobs, companies have folded, people have committed suicide, marriages have ended, futures have been derailed and dreams shattered, all because you made a life altering decision out of the sheer euphoria of being sworn in as commander in chief. Baba, do the honourable thing and apologise to Nigerians. At least we can start the healing process from there.

charleymed:
It seems I don't understand English anymore.
What is he actually saying?

AqualinaXYZ:


You need your 32k stipends my dear




If them born you well say otherwise and kiss your 32k goodbye




Unity beggars

Alexlalax1:
Una go explain tire. Government of propaganda, for propaganda and by propaganda. Una go soon run the country down.....make una kwantinue. To the agbadorians below mentioning me, una go quote tire. No reply cuz me and anything deranged can't be in the same sentence. Una go soon cry blood.

NOETHNICITY:
This explanation is not for you. You are too dumb and too cursed to deserve any explanation.

The explanation is for those of us who believe in this government. We deserve to know what they are doing.

iichidodo:
I don't see the need of a hullabaloo on the size of our foreign reserve, especially if it's used in something as crucial as improving the intrinsic value of the currency used and transacted by millions of Nigerians. If 2Billion$ helps to push naira from 1900 to 1100, then say another 4Billion$ can help us get to at least 200 naira. Now if 1$ equals to 200# in 2024, you wouldn't fail to realize that cash and savings of millions Nigerians just got far more valuable . What's the need of a foreign reserve, if it cannot help to execute crucial macroeconomic function we just highlighted before....And las las, we have crude oil sales to replenish the reserve...

datola:
Hmmm. Oga Cardoso should be careful granting interviews on issues of exchange rate.

The saboteurs are waiting to capitalise on any loophole.

AqualinaXYZ:
Cadoso abi wetin them dey call you





Your tactics isn’t different from that of a JSS 3 student
According to beer parlour economist like you right?





Robbing Peter to pay Paul




You and your Oga no get sense normally na una Agbado miscreants dey hype una before we know sa una no get sense



Una be Mumu

iichidodo:
∆ I don't see the need of a hullabaloo on the size of our foreign reserve, especially if it's used in something as crucial as improving the intrinsic value of the currency used and transacted by millions of Nigerians. If 2Billion$ helps to push naira from 1900 to 1100, then say another 4Billion$ can help us get to at least 200 naira. Now if 1$ equals to 200# in 2024, you wouldn't fail to realize that cash and savings of millions Nigerians just got far more valuable . What's the need of a foreign reserve, if it cannot help to execute crucial macroeconomic function we just highlighted before....And las las, we have crude oil sales to replenish the reserve...

Omalicious1:


If we don't go into full time production and reduce our importation level, it's only a matter of time, the naira would fall again...

Kobojunkie:
$6 Billion flushed down the toilet all to prop up the Naira when that same amount, invested directly into boosting production, industry and infrastructure could do so much more wonders?

InvertedHammer:
/
Switzerland, Japan and many countries tried it multiple times and failed woefully long-term.

Let's see how it plays out.

/

Alexlalax1:
Una go explain tire. Government of propaganda, for propaganda and by propaganda. Una go soon run the country down.....make una kwantinue. To the agbadorians below mentioning me, una go quote tire. No reply cuz me and anything deranged can't be in the same sentence. Una go soon cry blood.

LAXconfidential:
So basically, it's not your intention but you're doing it anyway. Then why float the naira? Why put us through all this suffering only to go back and be doing the same thing after things have become worst?

Is it that these guys don't think before making decisions? They removed subsidy and floated naira at the same time. Dollars shot upwards immediately and by the time they realised they had made a mistake and decided to go back to paying subsidy and supporting the Naira just as Buhari was doing, the dollar equivalent of the 400Billion Buhari was paying for fuel subsidy monthly has become over 900 Billion.

Now they're paying 600 Billion as subsidy. To get us back to the 200/lt we were paying before, they will have to pay the full 900 Billion plus. So tell me, why didn't these guys just continue with Buhari's style? They wanted to be different. Now see where it has landed us? Unprecedented suffering while subsidy is STILL being paid. Why then did we suffer? Why then did we have to go through all this hardship?

What's worse is that most Nigerians don't know the all what I've just said because the APC are masters of propaganda. They know that our achilles heel, our weakness, is tribalism. So they make you more worried about Peter Obi being a pretender, or Bobrisky going to jail for 6 months, and other frivolities, just to distract Nigerians from what is most important. Most people don't even know that they're SUFFERING FOR NOTHING! SUFFERING FOR ONE MANS FOOLISHNESS!!

Bola Tinubu, the least you can do is atleast own up to your mistakes and apologise to Nigerians. You owe us that much. A LOT of people have lost their jobs, companies have folded, people have committed suicide, marriages have ended, futures have been derailed and dreams shattered, all because you made a life altering decision out of the sheer euphoria of being sworn in as commander in chief. Baba, do the honourable thing and apologise to Nigerians. At least we can start the healing process from there.

dfrost:


There is ambiguity in such statements. What are the obligations to be met? Are Nigerians not entitled to know?

essentialone:
This is the Summary:

If naira is going to be N1,500, then let it be like that for at least 6 months. Do not let it be N1,500 today, N1,200 tomorrow, and so on. You can’t plan, and that’s why even as we speak today, we see that the naira is appreciating, it’s appreciating too fast. When you sit down and look at the analysis, people are concerned saying, "should I reduce my costing rate, to what the market is? But I’m scared, that if I reduce my costing rate, what is my replacement cost? Will it go back up?" That’s the reason why prices of things have not come down. Yes, the naira is appreciating, but people are not in a place of comfort to say, "Yes, it is sustainable". The only answer to that is Time. We have to wait it out for a few weeks or months. Is this sustainable over a long period? if it is, then you’ll see prices of goods and commodities coming down.