Yampotatocarrot:


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

It's currently 57k in Ibadan.... It's not a lie.... Places closer to boarders seem to be lesser there

AqualinaXYZ:


You need your 32k stipends my dear




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




Unity beggars

Shut up, did you watch the video or just convulsing like an epileptic airhead, the topic was misleading and typically birdbrained ignorant minds like you just assumed, Cardoso said they were not defending the naira and it's never their intention to do so even in the foreseeable future, he also explained that Nigeria had debt obligations and some payments which it fulfilled to maintain the credibility image of the country, and once the FX reserves has been reconciled, there will be a significant rise in it as some FX has also come into the account but it hasn't been reconciled yet. You don't have data, you don't have sense! 🤦

Seunpapa65:
E be like say emefele better pass this one

how much did you buy bag of rice under Emefiele?

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...

Isn't this the status quo they met? At even better rates and costs? Why then make things worst and difficult and then revert to status quo?

On using proceeds of crude oil sales to bounce back, you don't really know what's going on, Nigeria isn't selling for cash but swabs for loan repayments and for refined products. We don't have much fx coming in from production but mainly from more loans, that is why people like us that are well informed are worried about Nigeria's economy.

Birdbrained ignorant minds that's what they are...Thanks for this explicit explanations but the children of perdition will still twisted it cos the hatred in their genes will not allow them to see the truth and hear the truth...

iReddington:

Shut up, did you watch the video or just convulsing like an epileptic airhead, the topic was misleading and typically birdbrained ignorant minds like you just assumed, Cardoso said they were not defending the naira and it's never their intention to do so even in the foreseeable future, he also explained that Nigeria had debt obligations and some payments which it fulfilled to maintain the credibility image of the country, and once the FX reserves has been reconciled, there will be a significant rise in it as some FX has also come into the account but it hasn't been reconciled yet. You don't have data, you don't have sense! 🤦

tollyboy5:
as you can see CBN are trying to maintain liquidity not defending the naira.
Some people have been explaining this stuff that people are just speculating.
CBN cleared forex backlogs and paid several debt is it your extra free donations that did that?

Last last pressmybutton and the other guys like legendHero are right.
No be sey I dey support APC but respect Lagos men

socialmediaman

Let them be deceiving you. Are you aware that CBN have given each BDC not less than $30,000 within a space of one month to cushion the effects of dollar rise? The news are everywhere. Again, the Cardoso never deny that reserve had been depleted but just been wise not to be caught in the web of saying truly they used naira to defend dollars. He wasn't straight forward, it wasn't our intention to defend naira and in another breadth he says we didn't use naira to defend dollars. Inconsistent message.
Meanwhile, are you aware that country's reserve serves as collateral and gives confidence to investors coming to the country to invest? Please which investor would want to come and invest in a country where their reserve is depleting day in day out? It will surely dampen their confidence. Remember it is the same government going from one country to another seeking for investors to come invest in Nigeria but same government doing things that will scare away same investors they are wooing by depleting reserve that can give them confidence of coming to Nigeria. There's need to call a spade a spade and not a spoon.

AqualinaXYZ:
Cadoso abi wetin them dey call you





Your tactics isn’t different from that of a JSS 3 student





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

Don't just keep saying strashhhhi stuff...what would have been your own suggestions how could we do this better..we can use social media platforms well rather than through banter youths in other civilised countries are using social media to better and make suggestions to help make the country a better place but her it's all hate insults and unprofessional talks....if u criticized some tell us how to do it better this way we know you know better not the empty head you are carrying about filled with water mixed with oil

omooba74:
Thanks a lot for this explicit explanation but the children of perdition will still twisted it cos the hatred in their genes will not allow them to see the truth and hear the truth...

That explanation iReddington gave is wrong. No reasonable government sourcing for investors into her country go to deplete her reserve. It scare away investors. Remember they are the same people moving from one from country to the other begging for investors to come and invest in the country, same set depleting what can give investors confidence to come. It scare away investors when the reserve is not stable and meager.
If you listen to the video keenly, Cardoso was just double speaking. At the beginning he said, it wasn't their intention to defend dollars with naira. At the end of the video he started saying they are meeting debt servicing and not defending dollars with naira but records have that they have given tranches of dollars to BDC within a month now. There is no need deceiving ourselves, we are all seeing the results together as a people and a nation.
Till date we have not asked questions. Where are the investors in the country with all the money they have wasted going from one country to another?

Nbotee:
Hahahahah.. So that is to say you are unintentionally defending the naira

You go school at all.

Obidients are band of illiterates. Op has used heading confused this one

Critical times call for critical measures...if average Nigerians don't survive, Nigeria will go up in flames and chaos. Ensure goods are affordable in the market.

treatise:

On petroleum subsidy nko? Person wey dey watch football for TV go say the coach nor dey tactical enough but when he becomes a coach he go realize say nor be as him think. Tinubu criticised previous governments blindly but right now he's facing realities and outdoing previous leaders in SPENDING.

no mind them

Make I try to simplify am for them.
He no dey use the reserves to save the naira. Dem use small chekere to pay some gbese.
Las las Naira go find he own level. This na temporary measures.
He just added 600 million Dollars yesterday for the reserves self.
Hope say una understand. grin

Ykc2:
good things like buying painter of garri 3500 or bag of rice 70k meanwhile painter of garri was 400 naira during Jonathan rice 8k ,apc and its supporters are cursed

Your quoted prices of things during Jonathan should be compared with when Abacha and Obasanjo were there also .
Just sit down there ,The President will soon start planting cassava, fry Garri and bring it to market for you . Nonsense !

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.

Those of you who have constituted yourselves as enemies of Nigeria shall be heavily for it. If you think that you're attacking Tinubu, you'll soon realize that you're doing yourselves and family.

AqualinaXYZ:
Cadoso abi wetin them dey call you





Your tactics isn’t different from that of a JSS 3 student





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

This is beyond your comprehension, stick to your walling and propaganda career.

IPOB cannibals and obirodent miscreants have started doing what they know how to do best wailing, gnashing their teeth like loser, grunting like pig and peddling falsehood. Losers always wailing

fortune1968:
Your quoted prices of things during Jonathan should be compared with when Abacha and Obasanjo were there also .
Just sit down there ,The President will soon start planting cassava, fry Garri and bring it to market for you . Nonsense !

abacha dollar 100 naira Jonathan dollar 140 is almost the same how is dollar today from apc government?apc is government of nepotism that's why buhari used only fulani in his government and they destroyed nigeria and tinubu is doing the same today cardoso is an engineer,check out the calibre of Nigerians Obasanjo assembled

Ikemba007:


That they don't intend to defend the naira with forex? How dis their intention become public without they saying it?

when something is published in the press, what has that thing become?

tollyboy5:

Why post August 2023 news in April 2024 lol.
All these pitobi guys ehn!

what is wrong if I post August 2023 news in April 2024?

does the news of August 2023 corroborate the event of April 2024?

who are "these pitobi guys"?

how is that relevant to the topic of discussion?

naijaboy756:
The government or its supporters
Who is stupider

The supporters of this government are More stupid. A government without any economic transparency enjoy leading stupid people.

AqualinaXYZ:
[b]Cadoso abi wetin them dey call you





Your tactics isn’t different from that of a JSS 3 student





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

[/b]

Oga mumu I dought you think with your brain.
Mr jss 3 student .

Meaning that is simply what they are doing now. The ill effect is going to rebound. They though every Nigerian is a zombie. Government of lies and propaganda

We knew all along that they've been defending the Naira. And, even as foolish and bad as this policy somersault is, they defend the Naira while looting and inflating the actual amount used. Just like they loot now while saying they pay subsidy. These people are all criminals and not for the progress of the country. Forget the lies they tell you, their mission is Grab( the money), Run with it. They'll soon go for another loan. With APC Nigeria can only get worse.

If APC ever meant well for Nigeria they'd never have preferred a murky fellow to Osinbajo. If you have dollar, keep it safe. The Naira will soon return to the worse against the dollar. Govt of liars.

Skyehigher1:
You can continue to defend it sir we really understand you and appreciate you sir because we have enough dollars to come in to our Treasury from nnpcl, nimasa, immigration, and more mdas

Illiterate Yoruba Muslim mumu.

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.

But why bad belle dey worry some people like this?

What exactly is our strategy as a nation out of this quagmire? Are we even transparent about what we are doing?

Once leadership is not transparent about their strategy, the followers will be skeptical about all their moves. This is not about trust, it's about years of not getting value from the leadership.

Economics is not about suits and ties. Unfortunately, the decision of a few affects the majority.

By now, simple solution is to flood our farms with security so as to allow farmers farm and harvest with peace of mind and ranching takes place. But no, everything starts and ends with $, importation et al.

Anatolia:
I am anti- Tinubu but Cardoso is doing a great job of doing damage control to the stupidity of Tinubu impulsive economic policies. Anything that needs to be done to rescue the naira, I support it 100 percent.

Unfortunately, Naira is not being rescued here. It will soon get worse.

dfrost:
What exactly is our strategy as a nation out of this quagmire? Are we even transparent about what we are doing?

Once leadership is not transparent about their strategy, the followers will be skeptical about all their moves. This is not about trust, it's about years of not getting value from the leadership.

Economics is not about suits and ties. Unfortunately, the decision of a few affects the majority.

By now, simple solution is to flood our farms with security so as to allow farmers farm and harvest with peace of mind and ranching takes place. But no, everything starts and ends with $, importation et al.

Yea, you are in order. The wicked leaders know what to do just that their mission is doing the opposite. They came to Grab and Run away with the people's patrimony. They allow their boys to destroy farms, kill farmers, prevent people from farming, and come back to deceive with lies that Nigeria is on the right track. Why is it that no Fulani herdsmen ( terrorists, rather) who murder farmers and destroy farms is ever arrested and jailed or killed? It is coz what they're doing is a script. It's a plan. It's a mission.

IfnobeGod20:
When we talk their defenders will say we are the enemies of the country, that we always wish bad luck fo the country. It is now clearer that we are the real lovers of the country while they are the enemies, that doesn't want better things for the country. How would a government be using her own reserve to be defending the naira? The reserve that serves as collateral and confidence to investors to come to the country to invest. They have gone to many countries to woo investors to come and invest in Nigeria. With the depletion of the reserve, which investor would want to come and invest in a country with unstable reserve. So that their investment will go down the drain in their own very eyes. We are in to a very serious trouble in this country but the hailers would not allow us talk. Hailers the enemies of Nigeria.

Some of you are just blindly ignorant as fvck, What is foreign reserve ? what is the essence of foreign reserve ?

What is the essence of foreign reserve if it does not defend the local currency,

A rising foreign reserve where Naira is losing value freely ... is synoymous to walking dead
At the rate naira was falling nig. economic was heading for a major crisis never seen before, GOvt/CBN intervention is crucial to mitigate the worse, in every country Govt intervention are lifeline options .. nothing wrong in it

Foreign reserve and local currency are our national team, one plays a role of defender and the later plays the role of striking

As much as Savings is good for our reserve, a valueless Naira renders it counterproductive

Tareq1105:


Those of you who have constituted yourselves as enemies of Nigeria shall be heavily for it. If you think that you're attacking Tinubu, you'll soon realize that you're doing yourselves and family.

Another illiterate Yoruba Muslim paid mumu.

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.

He doesn't think he owes Nigerians an apology. He would rather apologize to media houses for a cancellation if a birthday celebration that has got absolutely nothing to do with the well-being of Nigerians.