₦airaland Forum

mrvitalis:
If you continue like this naira would get to #2500 before 2027

Currency is all about confidence, it really doesn't matter what you exchange at... Let just be stable

If I keep 50000 naira in a bank for 6 months and come back and it's worth 30000 naira worth of dollars... I would not want to save in naira again... I would look for dollars to save this drives deman in dollars which in turns makes the naira more unstable ... The circle keeps repeating itself


But if 50000 is worth 50000 with of dollars after 6 months... I can trust naira to save with it, which reduces the demand for dollars with stabilize the naira

So pick a point u can defend and defend it well for 18 months

There are variables that should be taken care of before a currency can be stable and find it's position so when we are ready, the naira will chill at it's spot.

mrvitalis:
Anyone can claim aby qualifications on a Faceless forum... So I won't bother

Her analysis were based on government provided data

Taking into consideration the rampant printing of naira from thin air, reduced earnings

You can plot the graph easily and extrapolate my figure it's not hard

But it's an opinion n that's it can ever be

Printing of money is never a problem if you know your onion, money is just an instrument. you all should throw away all those wack economic theory. America,China are printing trilliions yet their inflation rate are well under double digit.
Our leaders should use their common sense or go to onitsha business school n get a crash course on buying n selling first. Trying n error is not gonna work

mrvitalis:
I don't know what metrics he is using but for me naira is over valued at 1300

If I were president I would devalue to #1700 then aggressively defend it there as I would have the liquidity to do so

Key thing is we need to identify key areas we have global comparative advantage.. ( what we can produce cheaper than most part of the world or what we have the potential to produce cheaper than most of the world) and heavily provide credit facility to this sectors

Driving export, increasing for example earnings

If we remove the subsidy on electricity and invest 700bn as loans to bank at 3% interest rate to be given to only players in the cassavacassava/ sweet potato to ethanol industry... I believe we can catapult that industry to a multi billion dollars industry creating millions of jobs and getting our investment in 10 years max

Wait oo, after devaluing to 1700 then you will start defending it again what exactly will you be depending.

FreeStuffsNG:
His words, “The naira is undervalued by 33.58 percent at the parallel market rate of N1,285 per dollar and 4.16 percent at the NAFEM rate of N890.54 percent.”


He shut down the opinion of some analysts that the country needs to spend less, arguing that what the nation needs to do is to spend efficiently and not less.

Brilliant economic analysis many will still struggle to comprehend. Smh.

Keep your naira! Naira is currently undervalued. If you exchange your naira for a USD, you are actually exchanging your wealth for poverty by overpaying for the overvalued US dollar.

Expect a boon in the economy and a massive leap in our national aggregate output. Subsidy removal alone will fetch us about N4 Trillion while free float of the naira fetches Nigeria another N4 trillion, this total N8 trillion would have been converted to US dollars and exported overseas but for the brilliant and patriotic leadership of President Bola Ahmed Tinubu.
May God bless Nigeria for ever! Check my signature for free stuffs!

Oya mugu go and read what suretool posted.

FreeStuffsNG:
His words, “The naira is undervalued by 33.58 percent at the parallel market rate of N1,285 per dollar and 4.16 percent at the NAFEM rate of N890.54 percent.”


He shut down the opinion of some analysts that the country needs to spend less, arguing that what the nation needs to do is to spend efficiently and not less.

Brilliant economic analysis many will still struggle to comprehend. Smh.

Keep your naira! Naira is currently undervalued. If you exchange your naira for a USD, you are actually exchanging your wealth for poverty by overpaying for the overvalued US dollar.

Expect a boon in the economy and a massive leap in our national aggregate output. Subsidy removal alone will fetch us about N4 Trillion while free float of the naira fetches Nigeria another N4 trillion, this total N8 trillion would have been converted to US dollars and exported overseas but for the brilliant and patriotic leadership of President Bola Ahmed Tinubu.
May God bless Nigeria for ever! Check my signature for free stuffs!

It is obvious you Exchanged your brain for ordinary agbado

Maybe it is under attack.

lexy2014:
How will increasing minimum wage by 400% tackle inflation?

Honestly i don't know how to explain this to you But for Pete sake.

Remember FG removed subsidy and floated naira which led to the hyper inflation we are experiencing now while minimuim wage is still at the point of where when subsidy n floating of naira commenced.
Prices went as high as 400% because of d 2 variables so for everything to be normal again,you have to increase d minimuim wage to be at par with those variables.

Gboss247:
Increasing the minimum wage by 400% is the way to hyperinflation.

It is not because hou already have your inflation in that region and usually nothing comes down in nigeria.
Also the people at the helm of affairs said that they want to actualize the real value of naira since the floating which has kept it in that current region so your economy can no longer work with a minimuim wage of 30k if naira settles at this level.

Nigerian army no get sense, when did they start doing military parade with life amunition and if true they are stupid also

Zonefree:
Make this guy try dey reduce hand for smoke.

No hm dealer dey lace hm weed!! I don advice am to find ababa fela dealer that yr.

chrisxxx:
The cost of subsidy removal outweighs the benefits. The only way this will start to make meaning is when there is steady power supply. And when we steady power supply it is no longer necessary to subsidize as only rich Nigerians will be needing fuel for their cars.

Steady supply of electricity won't even do any magic at this point unless the minimum wage is increased by over 400 percent so That the purchasing parity of an average nigerian will tally, if not people wont even afford electricity.
The real inflation rate is over 100%.Nigerians are in big shit.

These people are plane stupid!!! Saving their loot rather.

What happened to muslim muslim ticket?
You all must endure the fuckrum

Sure,he was clueless and stupid at the same time

Dubetex96:
I wish and hope this man won't contemplate contesting in 2027. Nigerians like sufferings we don't want a better life.

Don't worry,too much agbado go don run you street by then.

MrEverest:
Okay, so this Aboki is now saying that Fulani bandits kidnapped yorubas in the North? Does he understand the implications?

He knows that most of them dont have balls to clap back. Na Lagos their power starts and ends

G00dharddick:
They'll soon say they're Igbo or binis.

No Yoruba man will attack that Arewa guy, but let it be this was said by another fellow, the kind of insults and bashing they would have given him and obi ehh.

They'll soon drag obi into this thread, just watch.

Not all of them are cowards but it seems alot of them are because the way you hardly are them clapping back on this guy but they will start masturbating if it is the other way.

Wike should use his ginger n wawa mouth to take care of the situation but no, na just taxing the helm out of people is their problem .

Putindbutt:
So?, na you get dollar?. Putting too much pressure on another man's currency, are you not ashamed.

Mugu you should have asked why the money was borrowed b4 commenting.
News like this should have crashed or affected the exchange rate to some extent but no because market makers knows that it wont serve that purpose but i hope it does.

Dollar is still ripping the roof

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Chekwube1989:
David will be like:don't ask me for money again

Davido told me that He was the one that gave him that money to spray.

NaMe4:
This cannot be 'historic footage'.

This is a dramatization or probably a movie.

When was the camera invented? When was slave trade abolished?

I think this video was recorded around Mauritanië, they are still into slave trade.

Cole no get case to present.

Pre election matter at it's best

Wike is bwara not part of fct abi because money is not coming from there.

morbeta:
All the mentioned names has leprosy of wisdom, what is the value of a movement that cannot bring positive change to a common man. This is gathering of the weak in mind seeking iron clothing. All these are just titles that leads to abssy and nothing more. All will still enter 6ft deep.

Oyibo is still using them to control their african brothers in Exchange for the iron clothing.

stevecantrell:
I've always suspected the bolded (lol).
I saw a Nigerian billionaire dressed in full garb of the Scottish rite recently. So yes, I've changed my assumption on that.

I think there some kind of reform.

Woman must have frustrated and damaged my guy at some point. He is taking his pound of flesh randomly.

70 yr old man!

G00dharddick:
Nigeria Women will literally worship anything with Money. The man understand the game very well and he knows how to play it.

Just have money you'll rubbish Nigeria ladies

Not just nigerian lady!! Every one of them!!

seanfer:
Do you know how many millions of naira CBN spend anytime staff in those departments choose to go to Lagos for their duty? The CBn office in Lagos is under utilized. Of this policy will save the country sizable amount of money then so be it. Why are the staff apprehensive about moving to Lagos if something is not wrong somewhere.

Do you know what it will cost them to relocate that number of staffs n resources. The timing is very wrong,we are suppose to be saving n not wasting the limited resources available.

festacman:
It is productive activities that grow the economy, boost employment, create wealth, boost forex earnings from exports, etc. Taxation won't do that. Removal of subsidies won't do that. Increase in minimum wage won't do that.

We URGENTLY need robust plan and functional actions towards boosting food and export crop production and processing, protecting and strengthening local industries, incentivising SMEs, boosting sale of Nigerian products to ECOWAS, Africa and other parts of the world.

We need to revive our dying economy.

His economic team where really daft going by those policies.

bitbillionaire:
In just few words you have made more sense and give a more realistic picture of Tinubu's government more than all the grammar the prof is blowing there

This is my only problem with him honestly, i don't care where he is from.