₦airaland Forum

Chekwume16:
I know tinubu will restore nigeria economically but to be sincere that man needs to pray and work on his health. Seeing him dance yesterday revealed he is not strong physically at all. To my fellow obi lovers let's just support this man. I know obi will rule some day but for now lets move on and see what tinubu can do

Shikena:
The cycle of HOPE.

SalamRushdie:
Its something I have always thought deeply about , the only way around this is to reduce the demand for the dollar by Nigerians and the ways to reduce demand is to look at what Nigeria used dollars for and fix those place ..We use dollars to

1 Hedge naira devaluation; many people like to store their wealth in Dollars so they can protect the value of their savings

2 : Education : Because of our bad education system we like to travel abroad to get better education and this puts demand on our froex supplies

3 : Importation : Nigeria is heavily reliants on importation and this puts the heaviest demand on our forex

4 : Japa : in a quest to escape the bad economy many Nigerians opt to migrate and migration requires Forex a lot .

So I would say the only way govt can slow down the demand for dollars is to fix all these place I have mentioned when we do that people will need less dollars and the price will stabilize but as long as the demand for dollars outweighs the supply people must speculate it in some sort of black mrket

SalamRushdie:
Since you know the kind of people you are dealing with you should work around them ...I just went out now and like joke filling stations have shut their gates

SalamRushdie:
The unified exchange rate is a myth in Nigeria as long as demand for dollars keep outweighing the supply of dollars , even if Tinubu floats the dollar to 1000 naira the next day it will all be bouught and sold in the black market for 1200 naira

SalamRushdie:
He is starting off on a bad note , even if he wants to remove fuel subsidy he shouldn't have mentioned it like this , this will only cause speculation and fuel hoarding immediately throwing Nigerians into another round of suffering in his first day in office ...

This is what he should have done :

Wait till he resumes tomorrow and then call in all the key stakeholders in oil importation and find out the true situation of things like how much is the actual daily consumption, how much fuel reserve do we currently have stored , how much is on the sea coming and plans to ease the population into the new price ..
In two weeks allow Independent oil marketers start selling at any price they want while the oil majors start selling at a controlled price of 200 , then when gradually increase oil majors prices every month till it's fully deregulated..

But with what Tinubu has just done he has opened the door for chaos as wicked Nigerians will start rushing to fill up their tanks and filling stations will start hoarding in other to cash out on new prices

Seefinish:
Hausa/ Fulani did more than that in 2015 because of Buhari. But he ended being a failure personified It is too early for Yoruba to celebrate Tinubu

CodeTemplar:
Especially with that ogogoro policy of subsidy removal. That's a little bit like scrapping education because of poor grades or incompetent lecturers.

Tigerhead powered presidency.

bennybuhari:
Gbajabiamila is too arrogant for that position

NigerianAngelo:
Some of you yorubas are too dull (like pagans) that's why many don't listen to you.

You just stay in your brown roof master village and think it's anything to live in or like.

Don't you know Akeredolu brought in many Chinese investments (wagon assembly, ethanol production), no.1 in Nigeria in Agricultural output (N1.3trn+), -- and also decreased poverty (lowest in Nigeria: 27.2%), and generally improved productivity per person in his State? (With his Igbo wife?)


You just stay in your mbati mbati nonsense place and start thinking acute nonsense. Very pagan.


Go to a Catholic Church and convert. Let Bishop confirm your mbati forehead and start praying the Rosary.

Wealthoptulent:
Chai.. it Could have being PO ssible

KO possible

Rostikol:
THIS MAN IS GRADUALLY LOSING RELEVANCE.

David160:
So any plane painted blue is Airforce 1... You slaves are clueless like your druggie.

Only the president or VP can use the Airforce 1.

They sent the lowest ranking most useless cabinet members and you're here chest beating and peeing on yourself... Abeg shift useless slave

Sasi54:
Is this what took him eight years to do? What a shame!