₦airaland Forum

Ofunaofu:
Tony Elumelu is not being objective, he’s being political. Trying to be in the good books of Mr President

A banker of his stature knows better. Liquidity is not value. Availability is not strength. You don’t clap because dollars can now be found at N1,400 after policies helped drag the naira from N460. That’s not progress, that’s currency collapse dressed up as reform.

Celebrating dollar supply after a over 200 percent currency destruction is economic gaslighting. It’s like setting a house on fire and then demanding applause for reducing the smoke.

And let’s be honest: the biggest relief on FX demand from fuel imports came from Dangote Refinery, a private investment, not from government brilliance. Attempting to frame that as policy success is convenient amnesia.

Scarcity may have eased, but the damage is real. The purchasing power wiped out, the businesses crushed, the savings eroded, those don’t disappear because a banker chooses to praise power.

That’s not economic analysis.

You don’t clap because dollars can now be found at N1,400 after policies helped drag the naira from N460. That’s not progress, that’s currency collapse dressed up as reform.

Celebrating dollar supply after a over 200 percent currency destruction is economic gaslighting. It’s like setting a house on fire and then demanding applause for reducing the smoke.

And let’s be honest: the biggest relief on FX demand from fuel imports came from Dangote Refinery, a private investment, not from government brilliance. Attempting to frame that as policy success is convenient amnesia

Scarcity may have eased, but the damage is real. The purchasing power wiped out, the businesses crushed, the savings eroded, those don’t disappear because a banker chooses to praise power.

COOL10:
Stupidity at its finest

magoo10:
sense man you want to tell the north what they don't know.

magoo10:
How about telling the north what tinubu and trump agreed
Tell them tinubu agreed with trump that there is Christian genocide in Nigeria.

jossymekoos:
With due respect
So seeking peace with someone is now seeking people's validation
Really that's why I don't talk in social media because these Gen z has a way of abusing words and attaching their own meaning to words

jospepper:
Most of the mining is done illegally in connivance with few community individuals and government officials. To cover up, the Fulani bandits or any terrorists of their choice would enter the community and cause serious confusion, locals will evacuate ,an area which can be as large as a council ward would normally be deserted and become a no go area for the locals. The miners will step in and do their business for long without hindrance, while the Fulani would also be in such places grazing. This method has been replicated in many places that have mineral deposits in the North.

ejieddy:
How you tell the truth matters

femi4:
If it didnt dey...it didnt dey

Edi4real87:
Who sovereignty help It only benefit the elite. It's supposed to benefit everybody but here in Nigeria, it's only the elite. The same useless elite that went to school on Nigeria scholarship but today even if you hustle train yourself to get job go con be another wahala.
Thunder fire all of them and fire sovereignty

Edi4real87:
Are you in support of illegal mining in Nigeria? Since your useless government refused to do the right thing anybody can do it for them I don't care.
What the useless government are after is just OIL 🛢️ 🛢️ 🛢️ OIL 🛢️, where as God has blessed us with many natural resources which the chinkos and many useless government officers are benefiting from to the detriment of the citizens.

As far as it's not benefiting the ordinary Nigerian, biko US collect if you like take some percentage after the fight but also fight the useless government to invest the rest into Nigeria health sector.

gidgiddy:
You will understand the relevance if those in the North that voted Tinubu in 2023, dont do so in 2027

gidgiddy:
Not just Abia State, Igbos will teach Tinubu a lesson in 2027 just like they did in 2023.

Tinubu better hope that those who voted for him in 2023 still believe in him in 2027, particularly in the North

femi4:
774 is not N500

With min wage less than 100k...it makes no sense buying fuel at above N500 per litre

femi4:
This is for the masses not me

I m not bothered even if its 1k per litre

femi4:
Will this bring fuel price to N500/litre

oluxy:
I bet you skipped the ILLEGAL part..

Do you know what it means to mine what should have better the lives of Nigerians free for many years without consequences?

Haba, when we say the truth, let say it. Don't let us be like Nigeria police and politicians who often called white black.

Frank2025:
And I guess you are the chairman and CEO

Psoul:
Let me take it that you don't know what you're talking about.

Do you know what it means to allow terrorism to work uncountered in a country like Nigeria?
Do you know that uncountered terrorism in Nigeria can destroy the whole of Africa and be a fertile ground for them to operate from even into the West and all over the world.

Oga, when you see your neighbor's children playing with fire, you don't just stop them to save them from burn. You stop them cause you know that their house catch fire, yours may be affected.

Leonardo4:
Tou don't really know what you are saying.
Your government is not doing the needful so USA is helping it to.
Do you know illegal mining is what is destabilising the north and fueling the bokoharam and isis issues. You government doesn't have the will power to stop it. So let them help