₦airaland Forum

DiscoverID:
If you truly believed what you wrote here, then you are not fit to vote or have a driver's licence. Heck, you should be denied the rights to procreate, to prevent more dindinris like yourself.

Let him continue to deceive himself

OGIBRA:
Buhari don spoil many tins oo, tinubu re arranging everything as if na opposition government is in charge

This is why I tell people who say that they won't vote for APC again that it's not about the party. It's about the person in charge

o42austino:
the only thing that will ever make naira increase is earnings from export and both of us know it will take many many years, what the president should have done is to help the export economy in his first term and grow it, in the second term then he can introduce this policy, all former presidents are not stupid by avoiding this because the masses will suffer greatly. This is a policy whose time is not now, the naira will collapse and their is no export market(apart from crude which is our main earner )to revive it.

You've assumed that export isn't the only thing that grows inflow

Also, you've assumed that you can grow exports in 4 years to meet your funding gap

Without power and security, and other infrastructure, how do you want to grow exports and attract inflows? How long will all these take, out of four years?

001Lagos:
You cried marginalization during the PDP era, you will cry again when Tinubu is booted out

The north are keeping records

Na Buhari give una mouth

Una nor dey tire?

obi2eze:
Big lie. This policy is a bad one. Nigerian economy is import-based so there will be more demand for foreign currency. You guys have been running this deceptive propaganda to delude the gullible. Naira will never appreciate with this useless policy.

IMPACT OF REMOVAL OF FUEL SUBSIDY AND SINGLE EXCHANGE RATE ON THE ECONOMY

Inflation! Pump price of PMS will have to adjust again, to around $1.00. Wages must go up!

On the external side, non oil exporters will be encouraged to export at competitive exchange rates and those who want to invest in Nigeria will also the able to do so at competitive rates. This means that non-oil dollar inflows will improve significantly. These inflows should help clear the backlogs on services and factor payments (dividends, due to airlines etc).

Government finances will improve. Revenue goes up (from subsidy removal and higher exchange rates) but FGN deficit will still be 6-8 trillion Naira. How will FGN finance this? By borrowing from the domestic financial markets.

On the monetary side, this means interest rates will rise. Where will the one year yield on FGN T-bills settle? Somewhere between the long term rate of inflation of 13% and the short term rate of 22%. Because all these price corrections are taking place at the same time, inflation will rise sharply. However, over the next year, it should drop sharply due to the base effect and as the markets reward these policies.

Growth and employment will improve but not immediately. If the policies are complemented with improved power and we’re able to transport goods by rail, then we can unleash high growth rates.

Businesses will finally breathe. They will be able to source FX to fund their businesses, power their factories at competitive rates and reduce their logistics costs. Government now benefits from higher tax revenues.

Even IMF must be scared at the rate at which Nigeria is implementing positive reforms. I expect our ratings to improve.

- Bode Agusto

caracas:
you ppl have started again with your jagbjajantis analysis.
Same nonsense you ppl said when the failure in chief was establishing draconian policies.
Las las we all know how it ended…

Your head isn't correct

ChybuzzDD:
Where will the more inflow come from??

You guys are so annoying and ignorant

You're the ignorant and annoying one

Redoil:
sorry to ask you
do you understand the basic economics of international trade in relation to FX?

Yes. I do

OfoIgbo:
It seems as though Tinubu has abandoned his Agbado proposals, and decided to settle for proposals marshaled out by Peter Obi during the campaign season.

That is good news.

I do hope they totally destroy those initial proposals by Tinubu to recruit 50 millions youths into the army and feed them agbado.

When did Obi say this?

Obi that supported the currency confiscation programme?

9jatriot:
Hmmm, I was one of those who always opposed the free float because I felt we were not earning enough, but this your reason sounds sensible. I know FPI avoided Meffy and his voodoo policies because they could not repatriate money.

Anyway, we'll see

Exactly

Dollar hoarders will offload

Speculators will offload

Foreign investors will come in

Hope people can now see what is meant by purposeful and deliberate leadership

With this policy, more foreign exchange inflow will come in. Naira may depreciate in the short run but it will appreciate in the long run

IdeaCashKid:
I read a comment that a 'Nairalander' after Akpabio emerged as Senate President of the 10th NASS. He lamented that "this is a man that did not buy for for the primary election.. and some people are saying that there's hope for Obi"....

While I cannot say who will replace Tinubu as president ( Even though I know the name) I want to say it again that President Tinubu was not in the presidential election picture in the divine realm. He's an usurper.



Although I was laughed to scorn the last time I posted about President Tinubu's usurping power, I will repeat it again, and again for the records until it comes to pass. For the vision is for an appointment time, and it shall Surely come true at the fullness of time.

I saw it not once, but 3 times. First time was before Tinubu revealed his running mate. And last time was before his inauguration.

Tinubu's Presidency is a placeholder regim.

I am Salem.
I am by His grace an Apostle of the Lord Jesus Christ.

🗑️

LeoDeKing:
Jonathan enjoying his life while some clowns are still crying till this very minute.

Exactly 💯

SpecialAdviser:
Everyone arrested? I bet no APC criminal in Tinubu camp will ever be arrested. Even you knows that. Let's accept Emefiele is a criminal, there were bigger criminals to be arrested on priority. How about that. If Emefiele worked for Tinubu, you think he would be arrested?
Everyone can't be fooled at the same time Mr. Man. Emefiele messed up on the order of your useless Buhari. The arrest is just one of those vindictive arrests, a reminsence of Buhari early government. We are on a merry go round again. Anyway, with time, your eyes will be clear. For now, enjoy your delusions.

The only deluded person here is you

You're trying so hard to criticize and pick holes

Rest

demmie1:
No more islamization? You people are just looneys

They're not normal

SpecialAdviser:
APC should be ashamed of itself. They are still riding on the ignorance and myopic mindset of Nigerians to fool people around. Honestly when I see what is happening, I come to the conclusion that we have a long way to go in this country. Our trash reasoning is why everything is thrown at us.

A CBN governor colluded with the ex president to redesign naira for no reason. Spent billions to waste money. A new president emerges from the same parry and started stupid show to foo.l his supporters by arresting the CBN governor that took order from the president. Wouldn't he have constituted panel of enquiry to publish the whole nasty deals to give us details of what transpired. How much was spent, how much looted and so on and so forth. He wouldn't because the enquiry will come out indicting Buhari himself.

His actions reminds me of early days of Buhari presidency of arresting Olisa Metu, Gausau and all that. Those days of vindictive arrests and prosecution that lead to no where. He is repeating the same nonesetical footsteps of Buhari and his sea of mo.ronic supporters are hailing his stupid behavior.

Tinubu when will you arrest Hadirika abi what is the name of the criminal Nigeria Airways scammer? When will you arrest the NPC census scammer that spent billions without counting any sht? Everyone cannot be fuuls at the same time. That one no be crime abi? Na only Emefiele dey worry you? People hailing all these nonesense are the biggest Shame of the century. Emefiele will go to court. May be incarcerated for a while but will come out smiling. That is always the trend. By that time we have wasted time discussing Emefiele.

Nigerians who do una?

Really? Were you expecting everyone to be arrested at the same time?

Some of you are something else

azadus18:
Total Rubbish from ohaneze...supporting nonsense

Ohanonsense

Shigishege2:
Lies and propaganda from pit of hell.

And now that the DSS has confirmed that he is with them, what next??

Don't mind them

Some people just jump on the internet to write nonsense

Ofunaofu:
Global, there's no reason to this quarrel

I am here to learn. If my submissions are not correct, counter with facts

The thread I created has to do the constitutionality of the suspension nothing more nothing less

Elections are over and when the election is over, governance begins. This is where we are at the moment.

They have deftly avoided the pitfalls of the law by not removing him but by suspending him.

Suspension means he could be returned. Removal means he's gone for good

Sanusi had wanted to test this in law after his suspension by Jonathan. He filed a case but removed it after he became the emir.

shortgun:
The suspension of The CBN governor by Tinubu is nothing but rascality and an affront on the Nigerian state.

There's no where in the CBN act was the word "suspension" used, the only acceptable means by which a president can remove a CBN governor is only after securing 2/3 votes of the senate in support of the removal.

Anything other than that is nothing but illegality, rascality and invitation to anachy.

I didn't expect Tinubu the criminal drug baron and his gang of mandate thieves to know anything about due process or the rule of law.

Go and defend him

It should be easy to do. Isn't it?

Ofunaofu:
Why was he suspended?

You made the first allegation and conclusion, so you should know.

You mean you don't know and yet you created a thread and have been jumping from thread to thread spreading bike, bias and ignorance?

Felabrity:
He will lose northern supports if be try it, Tinubu don't have the balls

Balls to do what?

What's the reason to do it? Isn't this where you should start?

Ofunaofu:
Are you saying that Buhari didn't approve the Naira redesign policy

Is that why he was suspended?

Does this mean that Buhari approved everything he did?

The first thing you guys should do before commenting on public issues is to suppress your bias and opposition to Tinubu.

The more you comment, the more you display your bias and ignorance

Ofunaofu:
The last time I checked, Buhari approved every decision taken by the suspended CBN governor

If the CBN governor is suspended, arresting Buhari should follow suit

Where did you check?

The way ignorant comments are made on this platform! Ehn!

BrownSugq:
Didn't you see the things I listed above

Hehehehe

So you would have done those things within 10 days?

Continue dreaming

Come back when you wake up

BrownSugq:
Tinubu has spent 2 weeks without any achievement except his personal ventta.


Nott even one single achievement.
Economy
Security
Kidnapping bandits
Fulani hardsmen
Bokaharam
ISWAP
Corruption
Poverty etc.

Zero achievement

Two weeks?

Okay, what would you have done differently?

Answer o

kingsways:
Suspension no be remove?

That's not the language of the law that he quoted

And, yes, suspension isn't outright removal.

You don't know? Tell me that you don't know the difference

Beremx:
This one that looks like Chibuike Amaechi before APC dealt with him. What a resemblance 🤣🤣🤣🤣

Hilarious 😂

TemplarLandry:
They look alike though with the robust nose and head, but hope not in character.

Funny you!

🤣

Ofunaofu:
That is English language

But in Nigeria, it is different. Totally different

I can't remember in Nigeria where a public official was suspended from office and later returned to that same office

What you quoted is legal and that's what I've responded to