franchasofficia:
A good start for now.


But guess where the problem is?


CBN doesn't have enough dollar to meet Nigerians' usd demand, remember we are an import dependent country.


What it means is that Nigeria doesn't earn enough FX through export to meet up with the dollar demand of Nigerians, which means many Nigerians will be going to Aboki for dollar and Aboki will be determining the rate based on demand of dollar for the day, and this will definitely lead to uncontrolled crash of Naira value against USD.



I commend Tinubu for this good dollar floating policy, but it would have been better done after putting certain things in place to ensure CBN earns or have enough dollar to supply to all banks to sell to Nigerians.



One of those things that would earn us more FX and also reduce our FX outflow is putting our local refineries in working condition and leasing them out to private entities to run for Nigeria to reduce importation of petrol which gulps most of our FX. While fixing the national refineries, Dangote's refinery will also be ready and both combined would solve our importation of petrol which consumes majority of Nigeria's FX.

SultanOfAbia:
You have 2 types of Obidents

The ones that are naturally intelligent
The ones that are gradually seeing the light and have accepted Tinubu.
They are beginning to see how they were decieved and scammed by peter obi.
Charly boy is an example

You have the ones that have an IQ of -0.6
These ones are extremely dumb and stupid. Looking for stolen manhood...
Lol
Insulting everyone including their parents
These ones make up 80% of Nairaland

taylor89:


Make him fix his urine bladder first