buckeyemedia: Be careful what you wish for, I bet in a few years from now you will be cursing Davido & his Uncle for not doing anything in this failed system of democrazy you practice in Nigeria.
Bold of you to think that the future of an entire region or state rests on the shoulders of a rogue accountant.
myspace: Political appointees and play acting. He does not want to tell the Nigerian public that most of our oil revenue now goes towards debt servicing. People truly get the kind of leaders they deserve.
Okoroawusa: This tweet was confirmed to be fake news last weekend. There was no tweet like that emanating from the CBN on its official handle. Mynd44 take note.
Political charlatan
This is the official tweet handle. It's on all the major newspaper already except Nairaland. How long can you hide your failure when reality is biting you harder each day??
Godwin Emefiele, the Central Bank of Nigeria’s governor, stated over the weekend that the official foreign exchange receipt from crude oil sales into Nigeria’s official reserves has depleted from over $3.0 billion monthly in 2014 to zero dollar today.
At the 57th annual bankers’ lecture sponsored by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos on Saturday, Mr Emefiele said there was a significant loss in foreign reserves due to the naira’s struggle and the rise in demand for forex.
He stated that a severe crisis in the Nigerian foreign exchange market is putting pressure on the country’s reserves and suppressing the value of the naira.
“The official foreign exchange receipt from crude oil sales into our official reserves has dried up steadily from above $3.0 billion monthly in 2014 to an absolute zero dollar today,” he said.
The apex bank governor lamented that “increasing instances of crude oil theft have hurt” Nigeria’s ability to export enough crude oil and “consequently, its foreign exchange reserves are falling.”
Mr Emefiele explained that the inflation rate would continue to be high and beyond the 12.5 per cent threshold that supports growth. But he said CBN would maintain the current tight monetary policy stance in the near term amid rising inflation expectations and exchange market pressures.
In the face of a declining supply of foreign currency, market demand for commodities and invisible transactions has continued to rise across various uses.
The CBN governor claimed that the number of student visas granted to Nigerians by the UK alone climbed from an average of approximately 8,000 per year in 2020 to almost 66,000 in 2022, indicating an eight-fold increase to an annual outflow of $2.5 billion in foreign exchange tied to the UK alone.
It's not about the GO being a a Christian or an Igbo man.
They've got many many sound and highly intelligent folks who care about statistics, facts, and figures. Main branches are in Lagos, Port Harcourt, and Abuja.
Tinubu's last utterance and insult to Obi really exposed him. How do you go to a campaign ground saying "na statistics we go chop"
Sign language interpreter gave a shocking and confused reaction to Tinubu's "They could not even make a down payment for a roasted corn for that electricity"
dat9jaguy: Tor, no be una dey call am Agbado master The guy wan show una say him na agbado master true true. This man is intentionally making these gaffes.
The same way his party intentionally inflicted 133 milion people with poverty.
Nigerians have defected. 100 million Nigerian Christians have defected individually. Many of those who voted PDP and APC in the previous elections will be voting the Labour Party this year.
What other defection do you want to see? Fake and rented Bishops?
At the APC rally that just ended in Ebonyi State, Tinubu was overheard accusing the PDP's administration (1999–2015) of failing to make a down payment for the roasted corn for that electricity.
Findings: The PDP administration at any time did not invest in roasted corn, so they couldn't have made such payments.
Verdict: The allegation is, therefore, confirmed to be FALSE. While the PDP's investment in power failed woefully, roasted corn was never a part of the deal.