ibechris:
The man is tired.

His supporters would turn it to tribal bashing.

Just wait and see it below.

Mad people.

Wole Soyinka won't talk about it. He is so full of himself to assume a god status over Obedients. A man who has refused to criticize the Tinubu government because of tribalism

Story
You failed

franchasofficia:
Lol, fools in power

First they blamed AbokiFX website

Later they blamed BDC operators

And then crypto currency trading platforms

They even blamed Nigerians studying abroad

Then currency speculators

Also blamed some CBN staffs

Now it's the turn of blaming demand season


Tinubu's failure will shock Tinubu himself, including his wife and son Remi and Seyi


Una carry terrorist make President, that one destroy Nigeria una no get sense to correct the mistake, una come carry drug lord who happens to be a Lagos looting machine make am President, una never see anything

When all those factors he blamed were sorted out,did you see the changes or you are still blind to see it

The next CBN governor should not be bald head.

Since all this bald head people took over CBN, they have been making wrong decisions, they blame everyone and everything except themselves.

On a more serious note, are we going to have it right with their policies? Instead of empowering power and manufacturing sectors, they are business making banks rich.

Cardoso is Brazilian or Spanish name am sure his the one supplying tinubu Brazilian high grade white his taking,confused people

Paramount01:


When all those factors he blamed were sorted out,did you see the changes or you are still blind to see it

Nothing happened until they secretly borrowed billions they were using to defend the naira, and now the money they are using to defend naira is finished the naira free fall has continued until they are able to borrow another trillions they will use to defend it further, you better wake up from this Baba Ijebu government

Blame Mr. Tinupooo, the clueless and druggie of Chicago

LadyExcellency:


Wole Soyinka won't talk about it. He is so full of himself to assume a god status over Obedients. A man who has refused to criticize the Tinubu government because of tribalism

The man get brain to know that we don't judge govt within a year

franchasofficia:
Nothing happened until they secretly borrowed billions they were using to defend the naira, and now the money they are using to defend naira is finished the naira free fall has continued until they are able to borrow another trillions they will use to defend it further, you better wake up from this Baba Ijebu government

You believe when dollar was going up ,but you don't believe when dollar was coming down

I thought it was binance

Blame done dey finish for basket

Paramount01:



You believe when dollar was going up ,but you don't believe when dollar was coming down

the coming down was artificial, it was a forced crash which I said here.


They used borrowed dollars to force the naira value down but unfortunately for them, such cannot last, reason it started going up again.



For dollar to naturally come down, we must export more than we import or curb our dollar usage by cutting down on our petrol import through fixing existing refineries and also praying Dangote's refinery starts real production.


Another issue affecting naira value and dollar scarcity is lack of trust on Tinubu's government by majority of Nigerians based on his initial thoughtless policies that caused Nigeria's economy to take a tumbling fall.


This lack of trust made most rich, middleclass and even average Nigerians to start saving their money in dollars because they don't know what other nonsense policy Tinubu will come up with and make Naira to exchange at 3000 to a dollar, which would make many rich and middleclass people poorer. Dangote cried about this. This saving in dollar further worsened the naira crises as Nigerians now save money in dollars thereby making dollar to be in very high demand against Naira.


And top among those saving money in hard currencies is:

Bola Tinubu and his family
Nyesome Wike
El Rufai
Ganduje
All Incumbent and Ex Governors
All serving and ex lawmakers
etc

jiz:
I still believe this Cardoso CBN team are more hardworking and serious in seeing things working well for the country than emiefele team. What we need is patience because they are sincere with their policies and we can't play politics with it.

Not true sir.AtleastbEmiefiele knows that textbook economics doesn't work in Naira but can't say same of Cardoso.

Racoon:


https://gazettengr.com/cbn-governor-cardoso-blames-nairas-fall-on-demand-season/

I don't think this CBN governor will be any better compared to the former. This is a trial and error CBN governor and nothing more.

Mr. Cardoso should kindly explain to me in very simple terms why I wanted to send around $50 from my domiciliary account to someone abroad, and the charges on it was around $41... As in, in still very confused

The unpatriotic elements won't let anything work. They are constantly sabotaging.

...below is the summary of the current problem. Out of the millions of the people posting on nairaland(majority are daft supporters of bad governance anyway), this is the first time I'm reading anything close to what has gone wrong with the current economic issues in Nigeria so far....... Timing.

Those decisions were needed ar point but the timing of both were very poorly thought through. As it is, Nigeria has gone back 20 years in retrogression with the timing of those changes.

otherway:
You go explain tire.


Your boss caused it by removing subsidy and unifying exchange rate at the same time.

That arrogant mistake by Tinubu has caused an irreversible damage to his tenure.

So blame Emperor Tinubu the drug sniffing election rigger, certificate forger and impostor.

jmoore:
Binance is no longer responsible for it?

EFCC and NSA should arrest seasonal demand.

Seasonal demand is a saboteur.

If seasonal demand escapes, they will talk to INTERPOL to extradite seasonal demand.

Nonsense and Babablu.

Wahalahi this country na comedy show 247

They'll soon blame climate change.

Master strategy at work.

Excuses galore. Agbadoists, how far?

Excuses suppose dey tire una na

Racoon:
Nigeria's inflation rate is now at 33.69% as at April 2024 - the highest in 28years since Mar 1996. Since the turn of the new year, the naira, which was floated almost a year ago has witnessed a dramatic depreciation, leaving a devastating mark on organised businesses across the board.

The Central Bank of Nigeria (CBN) low net FX reserves and the defense of the naira sparked risk-off sentiments amongst foreign investors and limited inflows from Foreign Portfolio Investors (FPIs) with multi- national companies leaving Nigeria in droves.

The current FPIs and even the local ones are in serious fix. Imagine investing when exchange rate was N700/1$per and you now want to divest back to dollars now for investment in order countries and businesses

Racoon:


https://gazettengr.com/cbn-governor-cardoso-blames-nairas-fall-on-demand-season/

Blame subsidy today, blame BDCs, tomorrow, blame Binance next, and it continues. They think that serious investors will come to this country? They are the ones chasing investors away. I don't blame them. Most of them have only know largesse from politics and government. They have not really sourced for funds and start from scratch like a good number of businessmen.

I said it before that APC will blame something for making the Naira to decline




In a sane clime Tinubu and his crooks would have resigned.


Useless Corntree!

derecho:
Kikikiki...Cardi B the danfo economist don tire to explain.

I am a Yoruba Muslim but truth needs to be told, the CBN governor is clown I swear

I think believe this one.

Eary this year January the inflation took a surge. Dven December last year things were more cheaper.

It could be the December travelers and imports

annyz:
Peter Obi doesn't have the team to make a good President.......Said by Soyinka.

unfortunately, the old man has allowed tribalism to affect his sense of reasoning, now Tinubu with the right team is leading us to where we don't know.

jiz:
I still believe this Cardoso CBN team are more hardworking and serious in seeing things working well for the country than emiefele team. What we need is patience because they are sincere with their policies and we can't play politics with it.

Shut up there before God will punish that your useless toilet you called mouth.

We should wait for them till everyone dies?

Were they patient with other people before them... nonsense!

You are asking us to give them what they were not able to give to others.

This guy Is Incompetent to the highest order. You allow dollar to trade itself I. Parallel market ,you being hardship to Nigeria with the hope things will get better , inflation has-been In Hyper mode now you are blaming Naira demand. Our Mumu don do.

He is saying the truth...the demand for dollars to travel to abroad to school in foreign universities, to travel for medical treatment abroad, hospital abroad, demand for dollars to buy foreign cars, SUV cars, foreign products ,goods, demand for dollars to import fuel disel kerosene we nigerians like foreign things too much so the demand for dollars to get this foreign things will be high and it will depreciate the naira and make it to lose value against the dollars.. nigeria is a consuming economy.. Nigeria has to be a producing economy..more exportation and less Importation.. and nigerians should value, buy, patronize what they have in their own country and then the Naira will appreciate and have value against the dollars... simple

Very soon, they will blame it on rainy season

Nonsense

LadyExcellency:


Wole Soyinka won't talk about it. He is so full of himself to assume a god status over Obedients. A man who has refused to criticize the Tinubu government because of tribalism

The man is not stable at all.