₦airaland Forum

DeLaRue:
So Mr Buhari was spending $10 billion per year to keep the rate at around N650 to $1 (only people going for hajj, and highly connected politicians got dollar for N450).

Now let's assume the current government spent $4 billion in each of the past 2 years.

But so far this year (2025), more dollars have been flowing in than the Nigerian currency market can absorb.

The CBN is stepping in to buy that excess dollars.

Effectively, there has been a complete turnaround. The CBN is not currently defending the naira due to excess dollar inflow.

That means if this situation persists for most of this year, the CBN's annual intervention may fall from the claimed $4 billion to my be $1 billion - $2 billion.

Isn't that fantastic.

Remember, as I mentioned previously, during early Feb, Brazil was spending $7 billion PER DAY to defend its currency.

If Nigeria ends up spending $2 billion PER year to defend the naira this year, please let us appreciate the work of the CBN a little.

There is no perfect country in the world.

This is a lie. These exchanges are called spot sales. Where a country sells dollars from it's reserves to receive more of it's own national currency. The problem is if after the spot sale, the national currency drops, then it would have played a losing bet. Brazil sold $17 billion from their reserves via spot sales to boost the value of the Real. That's because they want to reduce over-dependence on the dollar for international trade. And Brazil's currency is still much stronger than naira anyway.

The people in charge of Tinubu's economic policies should all be sacked. Imagine spending $8 billion ($4 billion from borrowing) to marginally raise the currency's value from 1600+ to 1500.

Then you tried to rebase inflation to control the narrative that inflation is coming down. You've not dealt with the fundamental issues that lead to inflation - high food prices and petrol prices (and high cost of running government and doing business).

He shouldn't have floated the naira in the first place. But now that they've floated it and seen the kind of hyper-inflation their stupid policy caused, they are now using weights (and borrowed weights) to push it up instead of empowering people to climb up so they can lift it up. It's a disastrous policy for the long-term.

This guy is all talk.

Petyprincess:
I will definitely choose a rich man that cheats,continue your cheating as long as you don't stop your financial responsibility in the house,i will deny you the honey pot so you wnt use promiscuous life to destroy my my life!!

An extreme case of neither here nor there. Why don't you just work for your money?

Pussy niggar

Saved your sharing formula. Bunch of thieves!

sapele914:
Incoherent Eyepobian, why will anyone be pained because bitter Pdp stalwart Sule Lamido expressed his anguish?

Make una continue to dey cry & wail, Tinubu this, Tinubu that. Tinubu talk. Tinubu no talk.

Make President Tinubu come explain the economic & social situation in Jigawa state to u abi?

The way this one just dey reply everybody left and right (with incoherent babbling), anyone can infer that this dude is obviously jobless. He's doing the work like his life depends on it

CosmicJames:
There is a pattern I have observed in nature. And it seems that is what is playing out in the case of your sister. She will not change. Infact, she will even get worse with time.
If they eventually marry, then the guy in question must have signed up to a lifetime of misery.

There is a high possibility that the guy in question have previously hurt, maltreat or disappointed a good girl that truly loved him.
And your sister is his punishment for rejecting an angel.

Rubbish

GetSenseNow:
You dey ment? How is 11MW "huge"?
Some universities abroad generate this amount of power just for their campus.
Heck, some private universities in nigeria generate up to 2MW!



You're a mediocre and that's why you always support mediocrity

I tell you. So many dull heads here.

Very misleading headline. 11 MW is nothing for a state. More like generating power for government establishments in Oyo state.

Stay on the path. But don't get too heady. You're making progress. That's what matters... Life will give you what you need at the right time. I like people that have a growth mindset.

I'm starting to like this woman. The way she reasons is beyond the average Nigerian. I can already see a lot of comments from low IQ idiots saying what she said will come back to bite her. Is she looking to come and contest for senate position? Someone who is already making waves in UK politics. And what she said is true. The North has always been power hungry.

Imagine raising a kid in such a home. I now understand why some oyinbos decide not to have kids.

chinchum:
When Tinubu became president last year i predicted a toughest 18months for him at the start. Nigerians have seen "shege" based on the reforms. What most people visualise when they hear reforms is instant noodles, unfortunately it does not work that way, it typically comes with real hard pain enroute success.

Most past presidents cowardly can not try these reforms because they are thinking of 2nd term or mass revolt. Buhari could no truly remove Subsidy for 8 yrs. Tinubu had to wait for 14 months to truly remove all fuel subsidy however if when navigated properly will birth a new nation. The foundation is relayed to promote productivity, discipline and vision . The budget of Nigeria a country of over 200 million can not afford to be same as a Tier B university in USA and we expect massive development

You are high on crack. Mr IMF spokesperson. What magic would happen after 18 months? Or even 4 years? You don't implement reforms without having a solid backup.

Judolisco:
No need to shout or cry thank God, he is also a lawyer... He should jst prove all dis stuffs in court..... He should be released on bail...

Prove it to who? The same supreme court?

Yes. Semi-educated ladies are submissive and naturally more feminine. And they are also very teachable since they'd naturally defer to you as a man. Qualities I want in a woman as a high value man. The girl I date now is one. For context, all my exes were university graduates. Will prolly settle down with this one.

simpleseyi:
I understand Obasanjo’s predicament, but I can’t help him.

Only mentally unstable people will invite Obasanjo to give a speech on Leadership. Somebody that fought his VP while stripped nakked at the market square. This same Tinubu was the one that carried his housemaid’s wrapper to cover Obasanjo and Atiku’s unclothedness at Bodija market where they were fighting for Aso Rock.

Same Obasanjo was dragged to the Court by his biological son that he has been sleeping with his sons’ wives for years which one of his numerous wives also confirmed


That’s some people’s godfather.

That's the unintelligent way to argue. Stick to the message. But what does his penis have to do with the failure you imposed who can't string sentences together without drooling? You Tinubu media crew have a tough job to do.

[quote author= post=132831050]And this is coming from a so call Presidential Candidate?
What a shame!!

This is what others can say, but not someone aspiring to become a president of the same country!

Okay Peter Obi, dem don hear.

We Rise ✔️





No mind am.
Him go just open mouth whaamm!


Don't mind the Pandora o...
He won't stop amusing us 🤣.[/quote]Darling daddy... Suffering and smiling idiots

yarimo:
Obi lie small na 🤣 that same P.A of yours that was caught with drugs in UK and you are here hyping him

Peddling lies like a degenerate fool

What they are saying is that the British parliamentary system of government would have been a better model than the rubbish executive system we currently have. How do we go back to that model? That flew over many people's heads in this thread. People are discussing solutions, some idiots are like Aregbe this, Aregbe that.

That woman is a disgrace to Africans. And any black supporting her is a fool.

CountinBlessins:
Go to school you refused!! KAMALA IS NOT BLACK SHE IS IRISH AND INDIAN AND HER ANCESTORS WHERE SLAVE OWNERS!!! GO AND READ !!!

Don't mind them. They can't think beyond the lens of racism. Trump freed more black prisoners than any other American president in history. Kamala on the other hand put a lot of black men and women in prison. That alone should tell all you need to know.

vowiski:
.
Shameless Atiku..

Mentioning Trump?, the same Trump that always asked Kamala , why she hasn’t done what she said she wants to do”

Atiku, why didn’t fix the flawed electoral system when you were a Vice President?

If your powers were limited, you would have resigned, then we would have seen you as someone serious,

Not a common Mikano Thief!

Congrats to Trump my nigga, he ain’t a corrupt leader like you Atiku.

Incoherent rubbish. Go and learn how to put sentences together

There is a reason why Africans are still in the stone age. This is news?

Polystyrene POP should be the norm. This is old school.

Tinubu wants to run a fascist regime. His mentality is similar to Hitler:

- Pull everything down to the ground. Then blame it on the opposition and give people false hope
- Silence any opposition with heavy and unnecessary force
- Divide and conquer with propaganda.

The funny thing is because most Nigerians have low IQ, he's winning.

Namaster:
The more I read about Edun, the DUMBER he sounds.

First of all, THREATENING people to bring their USD to the bank is STUPID. Adding a deadline makes it even MORE stupid.

He did NOT specify a punishment after the deadline because there is practically NO way to enforce the order.

Dollars outside the banking system is Dollars you DON'T know about. So there's NTHING he can do if people refuse to bring it in.

Only result of this SILLY policy would be another ASTRONOMICAL increase in the price of USD. Which is in line with other FOREX policies implemented by Tinubu and this fool.

Plus, NOBODY will trust banks with a reasonable amount of money.

Firstly because Nigerian banks are USELESS. You put your money in the bank and they accept it EAGERLY. But to withdraw same money would be like plucking teeth from a Hot lion.

Secondly, KNOWING the desperation of Tinubu and Edun and the rumours flying around since last year; there is a possibility that your USD would be FORCEFULLY converted into Naira.

Point is you can NEVER trust Nigerian banks with your FOREX.

Finally, 80% of Nigerians have NEVER seen or touched a FOREIGN note. 90% of the USD outside the banking system are held by POLITICIANS.

And there's NO way they'd submit their Ghana-must-go bags to ANY bank.
Otherwise, pepple like Ganduje would have a lot to EXPLAIN.

I don't know who advises them on stupid policies like this.

hedonido:
You this gay b@stard. You should be happy this is an 'anonymous' online platform, otherwise....

Just look at what you're justifying. If I had a son in that so-called supposedly Christian WhatsApp group, let me catch you teaching him "size and girth" and see whether I would not castrate you alive and feed your rotten prick to dogs.

Yea size and girth has something to do with your confidence as a young, developing male adult. If you as a father can't teach your male child this things and leave it to a church, then you failed as a man. The fact that he said that in any context, sex education or not, doesn't prove s*t, slowpokes

This guy needs to get a very good lawyer ASAP, unless him self has skeletons in his cupboard.

People be looking for settlements. This one smells like BS straight from a low budget movie script.

This guy should not even be local govt chairman, talkless of minister. That's how you know Tinubu is clueless.

EmperorCaesar:


Thats because GEJ was one of the few Presidents that ruled us after you

Jonathan was shit...Under him, billions was wasted for no just cause

I remember Dansuki
I remember Stella Oduah bullet proof cars

Ngozi Okonjo couldnt account for the missing $20m under her

GEJ oversaw the most corrupt practices ever in Nigerian history. The biggest heists too

We should skip his era and erase his name from our history

This one is busy doing his job. Double your hustle for your paymaster, maybe they'll add something to the 30k. Imagine comparing GEJ to the uneducated, power-hungry old cargos we have now.