₦airaland Forum

Ebinpawo1:
Nawa!
This Naira is behaving lo our national gri. It keeps collapsing up and down. It's well.

So the much awaited Dangote Refinery is no longer a saviour for our Naira as earlier projected?

JAMO84:
Whatever you left behind, your handpicked successor squandered it.

I had to say it before ipob terrorists and the headless mob put it on Buhari and Tinubu

Godjone:
Reducing Iran to durst should be the priority of the IDF. Show no mercy. Terror must end and all terrorists must die

[b]
“I came in 1999 and met $3.7 billion in the reserve. And I have told you, we were spending $3.5 billion to service the debts. That’s what we had.“ Obj told Kayode Akintemi


“By the time we left eight years later, with debt relief, when I came in, we had a debt overhang of close to $36 billion. By the time I left, with the debt relief and clearing what we had to clear, the quantum of debt that I left was about $3.5 to $3.6 billion from over or around $36 billion.


“At the same time, the reserve that was $3.7 billion when I came in went to $45 billion. At the same time, we had what we called “Excess crude”, which is what is in excess of what we budget and what we actually sell the crude. Normally, we are conservative in budgeting, we call it “Excess crude”. So, we had in it about $25 billion. When you add that to the reserve, we are talking about $70 billion.


“Now, the point is that I left in 2007. Today between 2007 and 2024, all that amount of money has gone; all of it. Not only that, but all the money they made all that period had gone. And today, we owe more than we owe when we came to government in 1999 [/b]

Ibela:
The truth is Nigerians are passing through a lot without the current government official making any sacrifice. Which Obi could've freely done.

Let's kiss the truth

yyba:
They will soon blame WIKE for this again 🤣

Nazgul:
By opening a dollar account and transferring your money there to save.

Imagine if you had 100k in 2021, and someone had $100 in his dollar account. as at that time, the dollar conversion rate was $400. So the value of his $100 was 40k.

Today, the conversion rate is about N1,700. So the value of the person's $100 is now 170k. Whereas you that had 100k in your account would keep witnessing it loose value year in year out.

That's why most top earners prefer to open a dollar account and save their money there. Cos the dollar is stable so your money wouldn't loose value.

Now. S

Esthered:
Lover of our fatherland, how do you hedge against the volatility of naira to secure the value of your funds?

bixton:
Let them benefit. There's time for everything.

Cmeo:
Some policies in the recent time exposes NNPC that it is one of those body accumulating debt for this Nigeria in the name of subsidy payment while they spend the cash made on behalf of Nigerians on frivolities.

bixton:
The best thing PBAT should do about everything concerning this NNPC is to completely sack everyone and shut it down including the Minister for Petroleum, be it oil or gas.
These politicians have overfed. Its high time a sickle is plunged into their bellies.

Honestey:
Stop talking down on other leaders, you weren't any better

naptu2:
You too?

Why is Mr Blogger mentioning me here?

Augustine2244:
Western lies and propaganda as usual.
Russia isn't on any brink of collapse.
All the targeted sanctions by the EU and USA on Russia as a result of the 2022 invasion of Ukraine, have failed to cripple Russia's economy and destabilise her fighting capabilities in the ongoing war.
Russia is so strong that she is very much excellently bypassing the sanctions, neutralising their effects, still exporting her oil and gas and shoring up her foreign exchange reserves.
The The West never expected Russia to be fully resilient and resistant to their sanctions and are still in shock and bewilderment that sanctions haven't been able to stop or slow down Russia's fighting capabilities and willingness to go on with the war.
Lol!
In truth, Russia is fighting for the Multipolar World Order which is favourable for developing nations.
But Nigerian and African idiots would choose US led Unipolar World Order which is the same trying to force LGBTQ abomination on them,what their ancestors never accepted.
There are more idiots in Africa than there are grains of sand on the seashore.