₦airaland Forum

DeLaRue:
That's unrealistic, nor is it necessarily a good thing. Such superfast appreciation may create new pockets of instability in the economy.

Naira reaching N1000 by December will be a nightmare for the CBN and the Ministry of Finance. Both will prefer a slow and steady rise.

Managing an economy is a delicate game a chess. For every positive development in one part of the economy (e.g currency) there is a potential negative effect elsewhere.

So while naira reaching N1000 by December looks good on paper, it will reverse most of the gains we have made in the last 18 months when we started exporting more and importing less. It will also reverse the ongoing efforts to produce more of what we need here in Nigeria.

If Nigeria hits N1000 by December, imported goods will become significantly cheaper next year, and the country will go back to importing more of everything. Yes, the man on the street will be happier, but long term the economy will become worse and more import-dependent.

The biggest short, medium, and long term beneficiary will be China where we import most things from. Over time, our own local industries will die a slow death. We will enjoy cheaper goods prices but our future children will have no jobs as our industries are hollowed out over time. We will basically become an economic colony of China

Yes, it is a good thing for naira to appreciate, but it is better for that appreciation to happen at a slow and steady pace to give the Ministry of Finance and the CBN time to make necessary policy changes.

I suspect the CBN would probably prefer naira not to reach N1000 to a dollar until around mid to late 2026, though I don't think they'll be able to control the timing of naira appreciation 100%. But, I can bet you that CBN will be buying dollars furiously if its data shows an impending destabilising naira gains. Buying dollars effectively means supporting the dollars against the naira

Some may be surprised by the idea of the CBN supporting the dollar against the naira, but that is part of the job of the CBN. Support the naira if there is a need to, and buy (support) the dollar if there is a need to.

Since I agreed to some extent with your position, we can have naira at 1k to a USD by December and at the same time lock our door against cheap imported products by using higher import tariffs and duties.
This set of the economic management team can be trusted to be up and doing enough to do the needful when we get to that level.

isan:
I was once addicted to betting it's brutal, I've now gone a whole year without staking a penny on betting....

Dyke15:
Them Neva see anything. Yh things are hard but Nigerians re wicked. Now it's festive season and all d poultry farmers add money for their chicken.
I can't imagine dat I will witness Chicken selling as high as 25/30k?
Our leaders re cruel bt we re heartless.
The opposition party needs to buckle up. This country needs to be saved from d hands of Tinubu nd his gang of Alibabas

Typicool8:
See what poverty has caused!!

princeade86:
I would have been in Canada by then.

Asgard13:
Who cares

Dem no care when they wan use ruga take our land water ..

Them dey ask .. where’s the cow when herdsmen Dey kill their people and take communities

Them no cry during fuel scarcity of years .. then still no cry that fuel is now 500 per liter

Them no cry .. when we the wail of bullion van .. dem boldly tell us say na dia money .. even get mind tell us the rich pass states for Nigeria

Dem no cry when bandits they worry us for northwest.. take our children take our wife’s .. kill out husbands and sons .. take our lands and turn us to slaves for our farm

Them no cry when invaders they kill us for kaduna on daily😭😭.. even when the slogan pray for southern kaduna was everywhere .. dem no cry or wail.. then dey enjoy .. when they finish us for Benue state .. this people and dia people no look our side .. not even dia tvc and media ..

Them no cry when Naira reach 700/$ .. them no even reason how we poor people dey take chop.. dem no even care if we they even see the Naira.. dem no reason us .. any form of protest dey suppressed and look that way

This governors and impish Yoruba god no wail like this or cry when we Yoruba were overruned by herdsman and our farms taken from and made to pay before farming .. many souls were lost.. IGBOHO is still alive .. a nobody stood by us and defended us .. yet they went to home to butcher us .. dem look other way and sold us with muscle


Dem no wail or cry

Now e don Dey affect them .. then wan use us as excuse .. dem wan tell us mke we wake .. like say we Dey sleep before? Their media and tvc them now wan Dey form say dem care because dem no see money share us ..
assuming if not for the elections . Do you think they will care or send us .. our cries ? ? Na lie .. they won’t

E don affect them dem dey beg and cry wail.. even Dey tell us make dem fellow wicked brothers wait till after elections .. na to tell you say this humans no give a fvck .. if Naira and fuel go 1000 after election..

Them just Dey after dia belle and that’s all


Apc is evil..
I pity the souls defending this fools ..

E no go better for those souls and their urchins.

happiness32:
This warehouse economist of a man don come again.
Is it bad for the NPA to have an office in London? The biggest city in the world? What if that’s a way of generating revenue for the NPA to become self reliant at the London office?
How will any sane president not want his country to have an efficient ports office in one of the biggest cities in the world.
Now I agree with Tinubu, Obi is just a warehouse economist and trader who couldn’t transform Anambra but wants to transform Nigeria. Bala bulu economics

baralatie:
Chelsea will win that particular match

excellgraphics:
stop fake claims I withdraw from my domicilary last month from uba Nigeria and fake rumors nonsense