₦airaland Forum

nnatobryno:
In Nigeria, anything is possible. After all, Hope Uzodinma is the Governor of Imo State after coming distant third in the election.

he came fouth

Yoruba is actually the problem bit won't admit

magoo10:
Tinubu is not running a democratic government every sane mind should do same.

that's the problem Nigeria is a bad county

Owned by government or by dodulo or by sunsdry food

Agboriotejoye:
Na wa o

It amazes me that out of all governors who helped their successor into office in 2023, only Wike is actively seeking to remove his successor and there are people supporting him

Same hypocrites supporting him do not have a problem with Uba Sani of Kd who is actively looking to jail his godfather El-Rufai

don't mind those mumu tribe

morgstreme:
Get out you tribalistic nitwit juvenile..

Kitikpa dorwarkwa Ikpu Ashawo nne gi ebe ahu..

why

jazzman7711:
Peter Obi is so dishonest.

He knows that the overvalued Naira was destroying the economy, yet here he is LYING through his teeth.

I asked AI (ChatGPT) to explain the reason Nigeria floated the Naira:


Why did Nigeria float the Naira?

ChatGPT said:

Nigeria floated the Naira primarily to address its foreign exchange crisis, combat inflation, and attract foreign investment. Before the float, the Naira was managed under a fixed or controlled exchange rate system, leading to a significant gap between the official and black market rates.

This disparity discouraged investment and created opportunities for currency speculation.

By floating the Naira, the government aimed to:

Unify Exchange Rates – Reduce the multiple exchange rate system that led to arbitrage and economic distortions.

Increase Foreign Investment – A market-driven rate makes Nigeria more attractive to investors by allowing them to repatriate profits without restrictions.

Address Dollar Shortages – Pegged exchange rates made it difficult for businesses to access foreign currency. Floating the Naira allowed supply and demand to determine its value, making forex more accessible.

Reduce Pressure on Foreign Reserves – The Central Bank of Nigeria (CBN) had been spending billions of dollars to defend the currency. A floating exchange rate removes the need for constant intervention.

However, this policy led to a sharp depreciation of the Naira, increasing the cost of imports and contributing to inflation. While it aims to stabilize in the long run, its short-term impact has been challenging for many Nigerians.


……………..:



Now if Peter Obi was an honest man, he would have simply said “We had to float the Naira to save our economy. The short term impact will be tough, but our country will be better off in the long run”.

But no.

The criminal opportunist used this brave govt measure to trash the govt and elevate himself like the typical narcissist he is.

He says Tinubu should have made Nigeria “productive” first, before floating the Naira.

How can you be ‘productive’ without access to foreign exchange?

Is it not dollars you need to purchase your equipment?

How can you be ‘productive’ when companies engage in dollar arbitrage?

Why would they bother to be ‘productive’ when they could just buy and sell dollars, as they were doing?

Why were they not ‘productive’ before Tinubu came to power, despite Buhari pumping billions of dollars to shore up the Naira?

Obi is just a terrible person.

If he was a patriot he would educate the people, not deceive and incite them against the govt because of his ambition.

did you read where he talked about productivity being a must before floating naira, you have become deliberate illiterates just save face or protect tinubu,

Thiefobi1:
Mu-mu man, same way you handle Anambra better than obiano and soludo. By putting the state in poverty.

Revenue u could not generate for the state but busying saving local govt funds in fidelity bank.

Obi should stop all these nonsensical and childish attitude. It easier said than done.


Tinubu have left all of you behind.

people like you can never sense

LordBiden:
But how come tinubu copied and used your manifestos but see where it landed us?

Obi promised to remove subsidy on day one,and tinubu copied same.

And also unifying the exchange rate.

when a primary school pupil sent to copy note from a university student surely you see jargons

ify2016:
I was charged this afternoon with my app. Sterling Bank to UBA

hmmm so they are lying

I am going to transfer all my money to sterling bank

kpankpangolo:
That is why Nigeria remains stagnant. You give advice if you see fit. Leaving them alone continues their existence in ignorance. Mama should take IVF medication to birth another or adopt. She should have cousins and niblings she can give the child to if stress kills her.

hmmmm you must be a wicked person

Birdbyrde440:
Igbo coup, Northern coup is in the past let's focus on the future

there was never any Igbo coup, it was actually a Yoruba coup

Birdbyrde440:
The issue of minority oppression by igbo majority is real in the south east but measures will be put in place to ensure everyone lives in peace and harmony without overreaching.

there is noinority among igbos

Difrent:
That's the LIE you people tell yourselves all the time, but we know it only concerns you if it happens outside igboland. If it happens In igboland that minorities are being oppressed, you look the other way, clearly Simon Ekpa was oppressing the whole south eastern populace and yall kept mum.

It's because you have a culture that disparages even your own kinsmen by labelling them Osu....

I am not from south east but bro you are not making any sense you are just surrounding yourself with hate and heresay

MEEVEET:
So what do you suggest southerners do.. In clear simple English please

tell your people in government to buy al 47 in secrete for the youth don't make noise about it

Mumu GO have surfaced again. No wonder she use to talk nonsense, drug addict, after smoking should climb pulpit

fullclub:
A pity imo state government is missing in South East

ever since buhari over threw imo state and and instil a supreme court aided idiot imo is now at par with zamfara state

Sheuns:
How did you come to the conclusion that I’m from the South South?

I didn't say so I am talking to myself

Sheuns:
Katsina is North west. Same as Kwara.

so only our south south is left out in good governance nawao

helinues:
How did he make it??

who

Just tell her sorry and take heart

kpankpangolo:
What advice will you give her?

mrksquare:
The one that wants to associate with Igbo or the ones you guys are forcing to be Igbos?

I am saying that people from Imo, Anambra, Abua and other South eastern States got the job and you are telling your father why is he dumb? Nairaland is a leveler.

oga you said igbos never mentioned any state as you did now, why shouldn't I think you are dumb, most of you see Igbo names and thought the people are from south east

phorget:
Ungrateful to God or ungrateful to men?
Why should he be grateful? Did he not contest an election? Did the people not vote for him?
Other governors that were on the list who were they grateful to?

you took the question from my mouth

Sheuns:
Katsina is North west. Same as Kwara.

I thought Kwara is north central

IGBOPROMISE1:
The entire useless post is littered with ‘Pro Biafra….pro Biafra’….’IPOB…IPOB’, and they capped everything nicely with a picture of Biafra agitators and their flags for better impact! If anyone doesn’t know the real intention of this post is to try and divert attention away from the topical issues of the day (Tinubus’ incompetent gov’t and the recent lynching of northerners in Edo state) while trying to incite and focus anger towards their usual fall-guys (Igbos’ in general and Biafra/IPOB agitators in particular)….if anyone doesn’t know what’s going on with this thread, then such a person is as naive as they come!

A moniker dead since 2022, suddenly gets revived in the last few days to create bullshit threads like this! This should be a good indicator of the posters real intent on this forum! If some group of people or vigilante caught someone they consider to be a suspect, pray what has this got to do with Biafra or IPOB!? Or does the OP and the website he lifted this from (that’s if he himself is not the original author of the entire concoction) want everyone to sit down and not be proactive in trying to do the job the useless Nigerian security are either unwilling or unable to do, just so they’re not tagged ‘Biafra agitators that hate northerners’!?

the post is only a handwork Yoruba mronu miscrant

TUANKU:
IPOB should know that there are Ibo people resident in all the middle-belt states, if other tribes too start their own ethnic profiling i hope they won't start crying victims?

when you see a mistake you point it out those guys are illiterates people thinking they're protecting their community they didn't even know the boy is tiv, because he is mentally challenged

Aonkuuse:
Let them continue, the bad aspect of it is that the Easterners are the widely traveled people and they shouldn't be doing this.

those people are not ipob please

The man red red lips Abi na lipstick em rub?

agriboom:
Might not be problem solved, But its a start

it's soves 80% of the problem

kpankpangolo:
Better luck in the next life. She should try adoption.

hmmm don't wicked na

Mrfeel:
Peter MBA deserves a spot in the top 10

my though as well