₦airaland Forum

Is their official rate not way higher to black market rate that Cardosso and his principal met it

INTEGRITYA1:
If floating of Naira is counter productive I will suggest it should be reverse, the effects are too harsh at the moment but we're still looking if it will be beneficial in the long run.

We understand the wider gap between official rate and parallel market back then and how some big wings are putting on Babariga and went to CBN to get Dollars on official rate and sell at almost double in parallel Market most especially during Emefiele.

It's seems Tinubu want to correct that abnormality by closing the gap but instead of floating the Naira, he could have find a way to bring the parallel Market rate down closer to the official rate. Because since CBN is still pumping/selling dollars to Bureau dey change and instruct them to sell within the agreed margin, it means Naira is not reflecting the real market value since CBN is still struggling to force the rate down in order not go up beyond the current range without which the rate must have go up further.

Though the floating of Naira actually increase the government earnings but there is no meaningful savings because government spending has really go up in the same manner and all what suppose to be gains has been eroded.

The major beneficiary of the policy are those living abroad and those earning foreign currencies because they are able to get more value when converting the foreign currencies to Naira and opportunity for them to do so much more back home when sending money home or investing in Nigeria.

Though it will eventually lead to overall net income from abroad.

But we are watching with Keen interest.

Yes
The untold hardship they could not bring on Nigerians
Within 30days Emilokan did

etrouble:
Emilokan JAGABAN m.

What General Ibrahim Badamosi Babangida, General Sani Abacha, General Abdulsalami Abubakar, General Olusegun Obasanjo, General Muhammadu Buhari, Alhaji Musa Yar’Adua and Dr Goodluck Jonathan could not do for about 40 years, Emilokan JAGABAN did it in the first 30 minutes of his government.

Now you all should know whom the real General is.

Truly failing you

9jatriot:
Floating the exchange rate was a very bold step. Also fortunes favors the brave.

But I thought the exchange rate was floated by the then acting CBN governor before Cardoso took over office, abi my memory de fail me. A simple google search will clear my confusion but I non get the power to check now.

River APC won in an election they did not participated?

Jostoman:
River State APC won in one Local government

Akwa ibom APC won in one Local government

But if it is APC state now na so so APC Sweep All the Local government you will be hearing up and down.

Winner of no loose guard

Ibehchizzy:
Who is he

To

Enemyofpeace:
Gone too soon

Thank God is a limited time

JikSneh:
Fear is a factor, Asiwaju and Wike is a force.

He who laughs last, laughs the best.

Nigeria is in the best hands, God bless Tinubu and Wike.

If you don't like what you are seeing, kindly relocate to Afghanistan.
It is the yorubas turn, and we must finish our 8 years whether Ipobidient and Hausa/Fulani likes it or not

iwaeda:
Ribadu said it very safe to travel by night too. This is just an isolated case.

Broad day light o

Buhari is better to Tinubu in this aspect

ATEAMS:
E getas e b ...

Court go remove them

and put them who?

Reno is a clown
When was Ibrahim Kachalla Gudau, Buharin Dadi killed?

Someone nominated him for the chairmanship and Chief of staff

ElevationD:
Wrong information. That’s the video on how he was presented to Victor Odili and co., as the governorship contestant that year.

I am not a WIke fan, but facts must be stated as they remain. Wike was long in politics before that day. He was a local government chairman. He was Amaechi’s chief of staff, etc.

Danmusa, Musawa used to be one of the peaceful LGA in katsina

Be fooling yourself
Government has not done anything, during raining season kidnappers activities are always reduced. Most areas especially in the north are flooded and fulani's have fear for water

CyrusVI:

Aside the once in a while hard-to-avert road accident, its been a while we heard of travelers being kidnapped on their way to other states or even within


Herdsmen menace has reduced drastically and aside their continuous show of anger at the FG, UGM and ESN now have no reason to attack outsiders

Its hypocritical to deny this

God bless PBAT

Is the court order great than of supreme court?

yarimo:
FUBARA just obey court orders and suspend that LGA election, biggest loser na ya business be that

oluwaseyi0:
Imagine CNG that is 200 is now 450

imagine converting your car with 1.2m and boom the price goes to 1000
Gas is a typical example

Is Obasanjo a President?

ChiefOloye:
Which one is drama there, is he not an Emir?

The same you that criticized the national protest

CyrusVI:


Is it not part of their civic right?

Dont we practice democracy anymore?


Fubara should stop whatever election he wanna do and just grant people's heart desire. He's there to serve them

dohyn:
See the difference? Israel is loosing soldiers while Lebanon/Palestine are loosing civilians. Yet the IDF is the most moral army in the world... It's only civilians they can kill. Rubbish

Edit: I'm against Israel and IDF o. They kill indiscriminately whereas Hezebollah/Hamas targets soldiers.

it was soldiers that Hamas killed now when they invaded isarel.
Continue, e go soon clear for your eye

Just the way your people has been enjoying the progressive government

CyrusVI:


He has joined the winning team

If you cant beat them, you join them

He is now a progressive...I'm happy for his people

Russia will come through for Iran to attack Israel, dey play

TinkTwice:


Iran is an experienced war country.. Attacking Israel is to flex their strength as a top warring zone. I want to believe they did this because of their alliance with Russia. And I want to believe that Russia will come through for them, even as they are still recovering from war.

Oga shut up.
Where is Teacher's contributory fund?

Can't you read to understand

mcbreeze:
This is half information. What's the cause of burning? Is it connected to hardship

The same court that ruled that all states should conduct local government election

Confirmedzombie:
Ipob I must warn you all. Leave Rivers matter for we Rivers people.

Remove your eyes and mouths from Rivers matter.

Focus on your states and stop hyping and deceiving Fubara.

Fubara cannot win this fight. There is a court Order, Fubara must obey the court order.

Ipob stay away from Rivers matter.

Bloody terrorists

He should even give a reason why court will cancel the election

MaxW11:
Hahaha RSIEC isn’t recognised by law? Since when? The chairmen will be appointed, allocation released and heaven won’t fall. Even if they’re removed by the court, it can take years to resolve with careful stalling if it goes all the way to the apex.

We will see where Wike will get the funds to continue oiling his machinery. Rivers ain’t Lagos, you ain’t no Jagaban. There’s no alpha beta in Rivers state to sustain this fight until 2027..

If they all agreed,, why did Wike seek to be Atiku vice President?
Wike never countered Dino till date on this.

Mynd44:
We agree, the governors are a problem to the party. Governors like Okowa and Obaseki who had an agreement at the Southern governors forum, signed it and went ahead to betray to agreement.

Okowa was even worse because he was the chairman of the forum and the meeting was held in his house.

If these issue of betrayal by these governors isn't settled, the PDP is just playing with itself.

The problem of betrayals include
Them refusing to zone the presidential elections
Them refusing to make sure the presidential candidate and party chairman were not from the same zone.

These were the betrayals of 2022 that led to the betrayals of 2023.

Demola cannot rewrite historh

Shadomaan7:
Wike is right. Fubara should be respectful to his elders

Is it not someone that made Wike governor and who is he respecting

Thundafireseun:
Give werrey to who werrey is due ….

Fubara is obviously a one time governor

learn from Oshiomole and Obaseki saga

Dogaraa has joined the league
Tinubu resumed may and there was provision for subsidy till July when Buhari's budget ended.
What they stopped Tinubu to category that in his supplementary budget.
Nigerians are not fool oga new comer

Wickedfact:
Your candidate in the last election, Atiku, was published as a thief in a Federal government gazette.

while your own is known as a drug dealer all over the world

CyrusVI:


One has to be mentally dumb and very dishonest to conclude that PBAT isnt and hasnt been doing much

Evidence full everywhere, Proofs full ground, na just these Economic reforms make the whole thing be like this

We are almost there tho. A peep into the future will give you a wide smile

God Bless PBAT

Someone must be foolish, slowpoke, senseless, silly, stupid,thoughtless, witless, evil to believe that Tinubu is working or will work

Don't forget to list APC leaders that protested against subsidy removal