DeLaRue:


You think so, but that's not the reality.

There is a pain point at which demand for many imported goods will fall fast. People will simply start buying less and less of them. Whether that pain point is at N1500, N1800, or N2000 to a dollar, I don't know.

But the CBN will have the data. They know. If N1500 doesn't stiffle imports to the level they want, I suspect the CBN will not mind seeing naira close to N2,000 to a dollar.

In some ways, it is to the credit of Mr Tinubu's administration that it is willing to follow this extremely tough path to redirect the economy from import-dependence to greater local production. For a politician facing election in just over 3 years to follow a path that may not show positive results for a few years, is truly brave.

The Nigerian economy was heading for the rocks after over 40 years of mismanagement. Tough decisions are needed to correct long term over dependence on imports.

That naira/dollar pain point is the point at which local production of certain goods starts becoming more viable than importing the same goods. This should translate to us producing more of what we need locally. This will lead to more job creation, less pressure on the naira, and a stronger, more balanced economy in the long term.

But this approach comes with a lot of economic pain initially, as the country is witnessing now.

That's the theory o.

Whether things happen in practice like I stated above is a different matter, because Nigeria's situation often defy economic theory.

Felix6:
Can we all agree that PESEIRO is USELESS.
what sort of a coach refused to substitute players?

Safyqueen:
Some people can easily be brainwashed. Where do you see such a vast land 35,000 hectares in a gully Enugu state for rice farming before you talk of Fulani herdsmen destroying such a vast land at a go. Haba , this ethno-religio-tribal bigotry and inflammation cannot solve our problem.

Resetinc:
Union St Gilloise ? I hope the last thunder I sent una last time hit una well well

Ticket cutters 😂

dazzlingd:
This country is filled with sick people, poor management and incompetent people in sensitive positions.
Imagine if that risk crystallizes, the only thing they know how to do is pray.
Someone is meant to lose his job and go to prison for this

naturalman:
Nonsense question.

People who doesn't drink are mostly prone to depression and anxiety....
The truth is that people who does not drink are very rude, wicked and brutal, they always harbour anger, they are so sensitive to everything and most women don't like them because they are too serious and funless.

Another thing about people who doesn't drink is that they womanize a lot, they are womanizers and gossip alot. They can dash women all their money...

You now ask the question, what makes this people happy?.... nothing....they are into pure gambling or womanizers..

Pure truth.

yinkus6750:
What the of case is this? ??
Pursuing shadows , while the main images are all over the place

LEARNPYTHON:
Okay

Princewell2012:

Funny you, politicians that steals in billions is learning work from someone that depends on offering. Haba.

TrumpDonald2:

Pls can you explain to me how the environment doesn't look clean from those pictures.

God1000:
weak leadership, so you know about Iran more than US government, they should go to war with Iran which will destabilize the entire region




Donald trump whom you guys Revere and idolize is the real antichrist, he's a white supremacist and sexual predator

I'm not a fan of Biden anymore but he brought law and order to America after the chaotic regime of Donald trump

The same nomerica under Biden is supporting your darling Israel with weapons and soldiers which they are using to commit murder Gaza.

You are a confused christian

triple996:
RIP

Nigerians are lawless people. I remember one driver that was arrested by road safety officers for driving a very malfunctioning danfo. If u see the people that came to help him fight off the officers? They were saying that he should be released bcus he was only trying to hustle.
Can u imagine, hustling with a very bad vehicle that is having brakes failures. But if he killed someone Nigerians will blame government. We are very lawless naturally, that's why we plenty 4 prison in oyimboland

abhosts:
Trump was there to preach repentance and share Bibles to Jeffrey and the other degenerate sinners. He was there for humanitarian reasons.

LOL. [b]My fellow Christians are the most gullible people you can find.[/b]

dfrost:
What exactly is the root cause of these industry's veterans problems?

Lifestyle or what?

ChangedMan1999:
Why was Nairaland down, for long

Zooposki:
Almost a billion dollars everyday. That is about $365 billion dollars a year and we are called the poverty capital of the world? Make it make sense.

HenryWilliams:
Some things are not worth fighting for.
Are they paying their salaries from your pocket?
Are you the one doing their duties?
Others saw and looked away .
You saw and wanted to be a patriot..
So they can applaud you and give you special award for diligence?
Nigeria has gone to the dogs .
No one respects patriotism .

Resetinc:
na over intelligence kill humans oo,, 😂
we for just dey chop grass jejely like other animals oo 😂😂😂

yaseer111:
Good morning all Nairalanders!


The title seems funny, right? Well, na reality. I received my salary yesterday in the evening 7pm or thereabouts but before 6am this morning it has finished.

Na only 5cups of rice, 3cups of garri and 2cups of beans with grandnut oil i bought the money don finish. No even for Maggi and sugar can you imagine? This Life no balance shaa

Some private companies are slave masters they don't care about minimum wage na only nlc dey make noise.

ReubenE:
That man should be closely monitored. What the heck is even "Muslim Airforce"

This man is a known terrorist enabler and divisive element that is banned in the civilized world,

Salafis like their Wahhabi brothers are hardened Islamists too. Turn him upside down now particles of bomb may even drop from his body

Emperormartin:
I think I'm only the Nigeria man that isn't afraid of owl both in the day and night.

I need to proud and celebrate my uniqueness with a bottle of hero this evening

FitCorper:
Funny as it sounds , he is right o. Cause this will help us drastically reduce prostitution in our society. Each girl married is a lose to the street and only the hardened ones would venture back into their past. Majority will calm down as they have seen it all and probably tired of playing games. I guess that’s why most guys prefer older women, cos they believe their hoeing phase is over.
Edited: To all those Christians quoting me with so much aggression, I hope u remember it’s also written in the Bible that at the last day 7 women shall cling to one man just to be his wife.