₦airaland Forum

nairalanda1:
You really don't want to know how Buhari and Emefiele were managing the crashing naira value.

Most of the time, it was by BORROWING. . Now we are reaping the borrowing effect.

Does not make Tinubu better though. He helped bring Buhari.


You want a strong naira on the back of an economy that exports one thing and one thing alone? Tell me another story.

@last paragraph, who says currency cannot be strong if one major export is embraced. It was before and can be again, but we are better off diversifying.

FreeStuffsNG:
Dear OP, what are you producing to help bring in the forex or help reduce the outflow of the forex? That's the question we need to ask each of ourselves.

Asiwaju Tinubu will not use borrowed or hard earned money to defend the naira against the us dollar that unpatriotic people are speculating on to store inside their mattresses. If you join them to keep overvaluing the us dollars, you will get burnt las las.

He is not producing propaganda. At least his ideas are workable like that of professors of political science around earning under the FG.

kk2027:
So 1 to 1000 will now become a great achievement abi?

But voted out Goodluck because of 1 to 200?

with the PVC your great-grandfather and great-raised-to-power-100 grandmother gave me abi?

The term "defending the Naira" was often used to mask the subsidy of the forex. That time you referenced about Naira going for around N700 a dollar, it was being subsidized at around N460 in official window and so there was an artificial pull of the black market rates towards the official market.
If at N460 black market was around N780, at N780 official rate, I estimate around N1300-N1350 in black market.

As the rates rises in black market, prices of import will go up and discourage demand against constant supply. That should reduce the pressure on dollar generally. Also, as Dangote refinery begins to run, huge demand for dollar(forex) created by need to import will disappear. That should bring it back to below N1000/a dollar.

I pray the innocent ones among them are released and hope they have not been 'blended' in those prison.

Criminals kidnap poor people and torment them for being poor yet govt too is destroying their houses for being unable to complete them. Who starts a house project with no intention to complete it?

Emusan:
Dollar is already going to $1/₦1200

From N1120 to N1160 today alone. Imagine that. Yet they removed forex restriction on items that can be produced locally instead of taxing foreign alternatives.

Shege to unproductive elements among us.
Instead of us to talk about minimum productivity or per capita GDP first, we are printing, borrowing and trying to share money.

Keep shut there freestuffng.

What about bandits levying farmers before harvest?
What happened to those? Your darling daddy gave them the perfect excuse to inflate prices so keep your Tinubu propaganda to yourself.

That's in capital cost o. Future recurrent cost like tolling are still there.

And we want Nigeria to work.

Blake755:
I fear my brother like this even Chinese currency is flying to N200 soon i don't even know what is happening economy is not friendly to local producers sef

Ogogoro economists everywhere. Who wants to go and die in the bush from Fulani violence? Everybodynis now a trader of food items. And that means price-fixing to survive.

Be like say Seun don dey guzzle fermented pap.

The reason for the loss of value is many naira chasing few dollar. We can either increase dollar supply or reduce dollar demand. Once Dangote refinery fires and local petrol reduces demand for dollar to import it fewer naira will be chasing relatively more dollar and this two-way or double-edged effect will strengthen the naira. The likes of Seun were the one swallowing and reproducing textbook jargons that don't fit to our own unique behavioural patterns. The major import substitution we are about to experience is Dangote refinery petrol, diesel and kerosene replacing imported ones. Any other lies are mere political propagandas.

Farming and forex hoarding.
Rice N50k. Yam N1,000
Naira now going for N1140 to a dollar.

Please when is Dangote refinery firing brethren?

FreeStuffsNG:
Shhh. Don't loud it. Lazy youths , cyberbullies and criminal defamers will have sense las las.

Most companies are buying up warehouses upandan to increase their export capacity while the lazy youth, hate-filled bigot mob and unpatriotic elements are addicted to social media entertainment, abusing and cyberbullying everyone on the social media. Smh

stop the lies. I know you job is to give the impression of a working Nigeria irrespective of reality. Trade level are down indeed and many companies are scaling down so stop the stupid lies.

Joniboi:
Sarcasm King 😀😀😀

Your head dey there. The only one mention who got my message.
The others just insult their presidential candidate PO.

Let me keep quiet before they allocate me a village in Osogbo and Ognomoso at the same time o.

That's on paper economics or textbook ideas. Is the conducive environment and conditions there?
High power cost, insecurity, bureaucratic bottlenecks, corruption.

Jacku:
Omo, everything don cost.

I think the only thing that is okay now is this Oraimo earbuds.

importation of oraimo earbuds is one of the reasons for weakening of the Naira.

dominique:
The kind of whiny cry babies we have as men today ehn! Tufia! Marry a poor girl, he'll come and whine that she and her family wants to kill him with billings. Oya marry a rich girl, he will come and whine that her family is taking over his responsibility and making him feel less than a man. What exactly do you men want?

Now oga op, you gave your wife 3k to cook food for yourself, herself and 2 kids as per magician wey she be. What kind of food is 3k supposed to cook? Should she starve because she's married to you when she knows she has a financially comfortable family that can bail her out? Would you have preferred if she had gone to her ex, or one toaster eyeing her on the streets for support? You should be happy you're married to a woman from a comfortable supportive family.

what if they just using the OP to procreate before discarding him? Imagine in the event of quarrel, the in-laws decide to use their wealth to move the children to another country like has played out elsewhere before now.

That's part of the plan to grow(or rather swell) the economy.
Maintain lower forex rates then allow inflation ravage the country until 1USD goes for N2500. After that, calculate the size of the economy by computing Naira value of economy divided by lower I&E rates N770.

Tinubu is a genius indeed. He built Lagos and will do so for Nigeria.

Nigeria vs IMF relationship.

Clownish!

Nigeria happened to her.

See Nigerian reasons why things dont work.
Jobs are auctioned to highest bidders.
Host community not properly settled.
Spare parts lacking.

LeoDeKing:
Do you know the funniest form of lie? You lying, you know it is a lie, and the person you are telling the lie knows it is a lie, both of you know it is a lie.

It is lies like this that dominated pandora Obituary campaign from beginning till now and the lies continues.

Mbok, what exactly do you intend achieving from these lies?

See a psychologist ASAP.

TemplarLandry:

N50 a post. Oya say something.

uche393:
I'm not surprised on your agbado reasoning.

You don't know the economic importance of empowering 500 people than feeding 10 million families with one mudi of Rice?

with this your reasoning we can't progress in Nigeria...... agbado people too like food

100 likes

Work tool indeed. The leadera won't change until there is negative reaction from the followers.