looseweight:
This is definitely a sad news. I believe Nigeria would been up to task to deliver every crude oil that Mr Dangote needs, but cannot since we need dollars to pay our debt and also using same crude oil to pay debt. PEACE be unto you Nigeria!!

Buhari really delt with us!

We are still paying for the sin of buhari.

Amex2018:


It's funny bro. The man Buhari who is the president and under who's watch the economy was mismanaged have not been called to answer for the government that he led, rather they are going about harassing Emefiele

If the Tinubu presidency is a serious one and the Nigerian legislative system is working Buhari should have been called to answer for all these allegations being discovered. But would they, No

Everybody knows that buhari is incompetent. Especially when it comes to the issue of economy.

He relies solely on whatever advice given to him by his economic team of which emiefele is among.
He gives go ahead on whatever they tell him they want to do.

Practically, emiefele and Co were the one in charge of the country's economy during buhari's administration.

Even if you invite him today for questionings, he wont be able to give a clue about whatever questions thrown at him.

Las Las, he will refer to emiefele and the co, because they are the one in charge.

Bubu is just a figure head.

sameks08:
Believe in or not This man will never be poor again

Everything is not about money 💰

You can be rich and still be poor.

If you know you know .

naijapips02:
Emefiele remains the best CBN governor we have had in a long while. All these witch-hunt yet no single conviction. No single proof just propaganda.

The best CBN governor and dollar rose from about 196/$ to almost 800/$?

If Emiefele had summon the courage to float the naira, the naira would have fallen beyond 3000/$ under his nose.

I don't know how you will describe Prof Soludo and Sanusi if you call Emiefele the best CBN governor.

NkanuSon:
The man come be like saint for where this cardoso dey

How is he a saint?

Cardoso is incompetent

Emiefele is incompetent and a thief.

How is a thief a saint?

EmiloCorn:


Its because its not lagos that's why you don't bother about his maternity.

Assuming it was lagos everyone knows what would have happened. Our people would have said he's this and that, people who are not even from lagos oh

Who are your people?

For your mind, you have succeeded in convincing/confusing some people here to believe that you are a Yoruba .

Dey play...

You can only be a Yoruba in your dream and in your imagination.

Or

Maybe in your next life.

Chai!

Emiefele left a dieing economy for
🚗doso .

🚗doso wants to kill the economy kpata kpata.

I feel your pain malam.

But buhahi ran an inclusive government abi?

Take heart malam

Happy birthday sir!

Longer life

More grace

More anointing

More soul wining in Jesus name.

obiekunie01:
So long as he is NOT an Igbo man, NOTHING will happen to him.


Just jokingly saying he will invite ESN to come and protect Igbos in Lagos from attack of touts and hoodlums, has landed an igbo community leader in detention for more than 8 months now without trial nor bail.

Did you just said 'jokingly'?

Lagos state govt also 'jokingly' put him in detention.
Simple!

I hope this useless loquacious frustrated imam won't say he 'jokingly' made that treasonable statement too?

Racoon:
Whao! Make una they play. They went to arrest Nnamdi Kanu from Kenya but they don't know the whereabout of a fanatic Islamic cleric here in Nigeria. This is how Deborah Samuel killers escaped justice same way. This country nah cruise.

Meanwhile, it has all been mute, deaf, and dumb from the other side. The fear of the slave masters is the beginning of political wisdom.

They have to be mute and silence because we have people like you to cry on their behalf.

There is no gain in hatred.

Ance4Liverpool:
This same bwala that was castigating tinibu some weeks ago, some politicans no get principles and shame

Wetin concern politicians with principle and shame?

Everyone is looking for what to eat.

HayTerran:
Retailers and vendors who had the products before hike in dollar will automatically match price with the current dollar. But when naira gains weight, they still sell high, saying they bought high. However, you didn't sell low when you bought low and dollar hiked o. Nigerians are so wicked. God punish all of you doing that. Na salary earning and non-business individuals suffer pass.

But to be honest, it's hard to be a Cardoso right now. That guy is working crazily hard! Kudos to him. I hope everything turns out good eventually.

He shot himself in the leg for floating the naira in the first place.

He is still shooting in the leg by working with BDC instead of chasing them out of the street.

Why do we have commercial banks

Rubbish!

They should just return the exchange rate to where they met it.

mrvitalis:

If you want to depopulate Lagos

Tell tinubu to present a bill that would make all ports equal

You can import what ever you want from any port you want

That's all

Tinubu is a senator representing a state in your region abi?

DevilsEqual:
Anything to depopulate Lagos is welcome

When are we relocating to the East

No be by boasting with development, shey u go go live for yor paradise make u leave the Earth for others


By the way, No source??

What source are you expecting to see?

What credible source will be making unnecessary, jealous and childish comparison with each states of the SW ?

Frigga13:
The Yoruba people are in government....

Hopefully no one will blame southern Nigeria for the administration failure ..

Buhari and his Fulani blood.. were. Not this nepotistic and archaic.. it was a northern government. For real.

Whichever ways .. we wish the Yoruba people well... for the sake of Nigeria .

But one will then ask..

Why are Yoruba states aside Lagos .. so underdeveloped and inhabitable.. aside the state capitals .. which is still nothing near developed.. unlike state capitals in the north and other southern states ..... .. or any one still in shock why herdsmen has are living freely with cattle’s living in houses ?

Go to idu ekiti and see for yourself .. right behind the federal medical center .. and funny the indigenous people are farmers ..

God bless Nigeria

The question you should be asking is, why is it that igbos abandoned their paradise region only to occupy under developed villages in the South West despite the fact the their own region is very developed (according to you).

I am not talking about Lagos here, I mean every nook and cranny of the SW village are occupied by them.

derecho:
This Hypocrite dey mad?
What were you doing since abi na today e hapun?
You think you can distract Nigerians from Tinubu's incompetence?

Even peter obi has moved on

Pls do..

Hatred for a successful elder stateman will only bring you more problem and misery.

Nword22:
Na their way... please fellas keep this record to shut any half human trying to measure with great Igbo race.

God bless South East and South South, Lagos, Jos and Abuja.

This issue is rampant and common here. Most of these people (baby buyers) use herbs and they are told not to visit any hospital so that they can’t be tracked. We asked her how long she had been breastfeeding the child, and said there was no milk the first time she tried to breastfeed the baby. This case is connected to several other cases.”

It is still your great igbos that sold the baby na.

Can't you read?

Dpharisee:
That boy that uses Headline of Anambra woman selling her baby to troll Igbos now his adversaries have a counter from a Ronu state

Read the story to the end and find out the name of the baby seller.

CelestineNelson:
Assuming I am staying in Ondo I would have gone they to confront him for Nigeria's economy woes...

You don't have to live on ondo state before you can confront him na.

Why no take the next flight to akure?

RIP to the dead

LandMann:


You think the drama stops at CBN raising MPR to 22.7%?

Do you even understand the chain of reaction that will follow and how it will affect the economy?

Ordinarily raising the MPR should slow down inflation in an economy filled with rational thinking people and in an economy where there is low corruption and very low information asymmetry.

But Nigeria doesn't possess those characteristics. Nigeria, it is tribalism first then religious bigotry second and last.

So what will happen is that banks too will rasie their lending rate, making it more expensive for business to assess loans and capital for their business. This will in turn drive up cost of production which will end up being passed on to the consumer in the form of higher prices of goods and services. The end result for Nigeria is higher inflation.

So, balablu and his economic team have lost control. They should vacate aso rock

To every action, there will surely be an equal and opposite reaction.

The bold is therefore not unexpected.

But in the long run, the economy will find it's equilibrium and things will balance up for good.

delkuf:
words like this make me laugh. You have taken a good policies with a bad money management. How will it work. The president of Argentina fly commercial, while Nigeria budget billions of naira for presidential jet. Tinubu went to new York for a summit and spend a billion naira for hotel and logistics. Bought 160 million naira for each house of representatives and senators. How will your policies work with this level of embezzlement. Tinubu is a bad money spender. You budget 5 billions for president yatch. Tinubu with this level of spending cannot take Nigeria anywhere

I totally agree with you on balablu's reckless spending.

At least he should endeavor to cut government costs and ask law makers to do same .

This will prove to Nigerians that we are in it together.

The yatch, 160m worth of luxury cars for law makers , expensive trips etc are all needless in time like this..

How ever all his brave policies are spot on if wisely implemented and he needs to lead by example.

LandMann:


Go crash the dollar now.

A lot of zombies hear that Nigerian government printed over 21 trillion naira to spend on frivolities yet they still keep expecting the dollar to crash.

You will end up in extreme poverty before you wake up from your slumber

Be calming down

Balablu and his economic team are making frantic efforts to mop up the excess money in circulation.

That is why the interest rate have been increased to 22.7%.

With the interest rate at all time high and with the CBN pumping more dollars to commercial banks which had helped the naira to appreciate a bit in the past few days, people may soon prefer to save their money in naira instead of hoarding dollars.

I am optimistic that the naira will gain more strength of the policy is sustained.

Victory662:
Somebody should explain this to me oo. I'm a lay man on this particular issue. How will this help our depreciating naira?

Lemme try

1. Increase in interest rate will slow down spending thereby reducing the volume of money in circulation.

2. It helps to increase the return (profits) on savings. If you Goan fix your money in the bank, your banks will pay you additional 22.7% of the amount you fixed in the bank after 1 years .
3. It will affect small and medium business aspirants who intend to loan money from the banks to start up their businesses (22.7%) interest rate nobi beans o .

4. It is one of the greatest weapon used by monetary policy makers to fight inflation in any economy.

5. It is beneficiary for those who have enough money to spare (they will be encouraged to save and earn more). But it is big wahala for those who need money to spend ( young business aspirants because they will have to pay more interest for any amount borrowed) and if the business fails, OYO!
In the case of our present economic reality, the aim of jacking up the interest rate is to mop up excess money in circulation by encouraging savings and reducing spendings while beating down inflation as much as possible .
I have mentioned some advantages and disadvantages for you.

Say me thank you

nairalanda1:
Naira will still fall against the dollar, until we start exporting more and more.

What was Nigeria producing when dollar was less than 200/1$ ?

Dollar will crash further when people stop hoarding it.
People will only stop hoarding the dollar when they stop anticipating dollar increment.

I hope this will not lead to job loss?

This is not the time to stay without a job o
Because even those that are working are complaining of hardship talk more of those that are without a means of income.

DanUcheAutos:
The hypocrisy in this country stinks though, Igboho was released but Nnamdi is still kept in prison despite court order to release him.

An Igbo chief in Lagos threatened to bring IPOB to Lagos because of how bad his people were treated during election period and he was hijacked and manhandled like an 18 yrs old boy before being dumped in prison.

But a northern Islamic cleric has called for the head of the president wife for being the head of infidels yet nothing is being done about it and the Imam walking freely today.

And then when this people complain of being treated as 3rd class citizens we tag them victim cryers.

Igbos will forever remain the most outspoken tribe in Nigeria wether suppressed or not. It's just in their DNA they are allergic to injustice, cheating, marginalization and the likes.

Except your Igbo friend is an Ajebo, be sure he won't abandon you in the face of war or conflict.

And as far the government keep marginalizing the igbos they would definitely keep pushing for a sovereign nation and probably exist Nigeria someday.

Something made Nnamdi Kanu to start seeking for Biafra, instead of addressing the issue/message they are fighting the messenger. Pathetic.

The igbos chief in Lagos that threatened to import terrorists to Lagos is largely at fault. There is no moral justification for his actions and he deserves what ever he is facing as consequence.
You can't stay in another man's land and be threatening to import terrorists from your own land to terrorise them and expect the government of that land not to take actions against you.
As for that useless Muslim cleric spewing rubbish against the first lady, he was ignored because he made such comment in the mosque in the north (probably in his state). You don't expect anyone to take him serious.

I can tell you for free that if that igbos chief made such a comments in his own state, he won't be in prison by now.

Akpabio is dangerously corrupt.

The prayer point distributor.

SpartaOfLagos:
They know the truth and already admitting it

South East is blessed by God

Hating on south east is like hating your maker

Who is hating SE pls