DeLaRue:
During Buhari's government, Nigeria, through the CBN, was spending according to some estimates, more than $12billion per year to maintain 2 exchange rates N440, and I think N570 to a dollar.

That $12 billion dollars was effectively a subsidy.

By the time Buhari left, Nigeria had just about $3.5 billion in its account. It is from that amount that we have to pay our debts and pay for imports of goods.

As you can see, Nigeria no longer had the $12 billion dollars required to keep naira/dollar rate at less than N600. So the current government had no choice but to give up on trying to subsidise the naira.

If Atiku or any other candidate had won, they would have had no choice than to follow the same path.

It is like buying a BMW when you had money. If you no longer have money to maintain it, what do you do, you give it up. No be so?

Your friends and neighbours who see you taking Okada will call you stupid for giving up such a beautiful car. But, younno longer have know what they don't know - you no longer have the money to maintain the car.

This is exactly where Nigeria is at present.

PoliteActivist:

*Politeness*
I modified my post. See above. It is not economic jargon, it is common sense. If my money can buy more in your house, I'd like your house and buy stuff from your house... until I realize I'm giving you all my money!

Islie:


https://tribuneonlineng.com/blame-buhari-not-tinubu-for-economic-hardship-sanusi-tells-nigerians/

burp18:
Even after e clear. There's nothing anyone will do about it.

burp18:
Even after e clear. There's nothing anyone will do about it.

ajimo54:


If we all can tell ourselves the truth! No government in the world loves its citizens! And citizens do not love one another! What is dollar? Why do Nigerians raise it so badly? Why is the dollar a means of measuring the success of administration in Nigeria?
1. Nigerians depend much on foreign items: machines, cars, tools, food, clothings, meat, education, etc!
2. Nigerians believe that Western Civilization is still better!
3. Nigerians, most especially some tribes believe that importation is better than exportaton!
All these factors are killing the Naira. Honestly, no better days ahead. All you need do is to stop all the enumerated above! Then let the Government help in fighting insecurity and reduce tax but should increase tax on all importations and the COT on domiciliary accounts!

IF YOU DECIDE TO CHARGE COT ON DOM ACCOUNTS PEOPLE WILL NOW LEARN HOW TO SAVE THEIR DOLLAR IN STABLES COINS LIKE ETHEREUM, USDT, USDC, BTC

BY THAT TIME GOVERNMENT WILL NOT EVEN SEE THE MONEY AGAIN IN THE ECONOMY TO DO BUSINESS BC THE MONEY WILL NOW BE CONVERTED AND SAVED IN FOREIGN ACCOUNTS IN FOREIGN DIGITAL WALLETS.

LAS LAS PEOPLE WILL STILL KEEP THEIR MONEY IN FOREIGN CURRENCY BUT THIS TIME OUTSIDE YOUR GOVERNMENT AND BANKS REACH

yarimo:
Labour party must not rig this election

APCNig:


Emilokan Asiwaju Bola Ahmed Tinubu Jagaban Borgu the City Boy Extraordinaire Omo Alhaja Mogaji is the rightmost person for the job. Be s little patient, you will start seeing positive results

politicoNG:


https://thenationonlineng.net/super-eagles-victory-aligns-with-tinubus-renewed-hope-agenda-nff/?utm_source=&utm_medium=facebook&fbclid=IwAR17mE4kElaTO44hByj1N3Jqx8smatsS7ZOgAMYLDETcs1oIwYx8bQyde38

BoldBrainz:


Would that be the same way the Yorubas have eternally played second fiddle to the Fulanis since the days of Awolowo who's shame made him commit suicide with rat poison?

I mean, isn't that the same servitude for which Ilorin is now an Islamic caliphate while Ekiti and Oyo are gradually being overrun by fulani foot soldiers?

Instead of buckling up to wrestle for the soul of your ronu legacy from the clutches of Uthman Dan Fodio's dirty descendants, you're here cowering under tribal bants and making Peter Obi and the Igbos your headache.

You're indeed a fool who'll never escape the doldrums of his own foolishness! Tinubu is failing and your South West is collapsing into Fulani conquest regions. Be here taking pride in being a useless bastard!

Arobaga:
The president sane people voted for





Not that useless Amadioha in Abuja with rotten teeth

Noneroone:


https://dailypost.ng/2024/01/18/nnamdi-kanu-supreme-courts-december-judgment-not-unanimous-decision-of-judges-ipob/


Lawyer yet to get CTC after thirty-three days





I




https://dailypost.ng/2024/01/17/supreme-courts-failure-to-release-judgment-ctc-of-nnamdi-kanus-case-violates-constitution-ejimakor/

Ireportlive:




The ability to get up from failure is the most defining attribute of every successful person.


A qoute from my favorite book

Outwitting the devil



To better explain NURTW model of revenue collection for LGA and LASG and why Government deliberately employed agberos


1: When Bola Ahmed Tinubu GCFR took over office as Lagos State Governor in 1999, his first major challenge was insecurity, hoodlums, pickpocket, youthful unemployment


2: Tinubu needed a way to get millions of idle youth engaged in a way that skilled and unskilled, educated and uneducated youth would have something doing