₦airaland Forum

Story story, stoooory

Once upon a time in April 2023, Tinubu promised naira will exchange for 300 to the USD in the “short term”

Hmmm…

Just remember Tinubu’s promise in April 2023.

Naira will exchange for 300 to the USD in the “short term”

Hmmm…

Clears throat.

I just want to remind us that in April 2023, Tinubu promised Nigerians that the naira will exchange for 300 to the USD in the “short term”.

This is June 2024.

Can someone remind us of APC’s promises in 2014?

Is 216 naira to the USD okay?

Then Bayo Onanuga comes out to tell you it’s fake news.

Haven’t you guys learnt anything from the person that promised in April 2023 the naira will exchange for 300 to the USD in the “short term”?

Mass layoffs to follow. One person will end up doing the work of four people.

And if there are no layoffs, the system will definitely feel the shocks of inflation. Too much money chasing few goods.

Money issa scam and illusion las las. Chasing more of it only to pay a silent tax via inflation and dwindling purchasing power.

Promised naira will exchange for 300 to the USD in the “short term”.

In April 2023, Jagaban promised 300 naira to the USD in the “short term”. Well, here we are…

helinues:
Make your comments without always seeking our validation.

Thank you

This is not what Jagaban promised Nigerians in April 2023

OkCornel:
When we cut down imports of essential commodities like wheat and other foodstuffs we can grow locally, iron/steel etc.

Ramp up production and boost our exports, that’s when the naira can gain reasonable value.

But how can this happen when;

1. Insecurity and killings are rampant in the middle belt and the north?

2. Ajaokuta steel complex isn’t producing enough iron/steel products?

3. Power supply is still epileptic and our power distribution (not generation or transmission) infrastructure is a mess.

4. Nigeria still spends several billions of dollars importing wheat, industrial sugar, drugs, medical tourism etc?

5. Significant chunk of the nation’s foreign earnings still comes from sale of crude oil, which is subject to wild price volatility in the international markets.

6. An extremely corrupt mindset in the public sector that has an insatiable urge to embezzle already scarce foreign exchange proceeds to their several personal accounts offshore?

Factors like these puts a lot of demand pressure on foreign currencies and makes our naira lose value.

So far, nothing much has changed.

Fortruth:
Abeg remind me ahn...

Set your calendar well well...

Me too, I go remind you that we get an ODE for this forum and I go reveal am to you this time next year...

Gentle reminder

clearcrystal:
Let's keep our hopes alive.
Nigeria will be great again
Sooner than latter, we shall all be proud of Nigeria
Japa syndrome will die a natural death
Our brothers in diaspora will return home to build the nation
Food will be the chipest thing money can buy
Brethren, the real change is coming!

Long live the Federal Republic of Nigeria

This aged well…

10 years after this promise was made…

Urheadmaster:
Nigerians are tired of Audio promises Mr Bola Ahmed Tinubu

Like these ones…

Jagaban promised 300 naira to the USD in the “short term” in April 2023.

This is May 2024. Sycophants, how market?

Track this one first.

300 naira to the USD in the “short term” as promised by jagaban in April 2023.

This is April 2024. How market?

300 naira to the USD in the “short term” as promised by Jagaban in April 2023.

Jagaban hype men, how market?

Also, where are the CNG buses?
What’s happening with Port Harcourt refinery?

300 naira to the USD in the “short term” as promised by Jagaban in April 2023.

No dodging from this.

Oh…so after removing the artificial element, is naira now exchanging for 300 to the USD in the “short term” which you promised in April 2023?

Kobojunkie:
There is no truth to this given it instead plays more to unmarried men and women sharing romantic desires.

🤝

brazenwalls:
Songs of Solomon is sound doctrine for married couples...

Remember the author of the book had 300 concubines.

Just saying…. He was a God fearing polygamist.

Eyes on the prize.

300 naira to the USD in the “short term” nothing less.

A Wazobia achievement. Congrats to one Nigeria.

We can achieve much more if we put selfishness and tribal bigotry aside.

Where are the end time prophets?

Abi prophecy no reach Sudan?

Source - Obasanjonews.com

BreconHills:
Let reply your question since we are in the season of questions.

Let us assume that the NGN was 650 to the USD. How much was being used to maintain that price per month? Let me help you. The answer is $1.5bn. If you factor that into the rate - then the NGN was never ever 400 or 650 or whatever you all use as your holy benchmark.

Secondly, what was the speculators arbitrage? $200 that's the difference between the official rate of 450 and the black market of 650. Today that arbitrage is next to nothing.

When you factor arbitrage cost and the $1.5bn, the current rate of 1250 - 1300 is far lower than your magic abracadabra 650.

Nigeria is a far better position today than it has been in many years. Yes it's painful but you can't make
omelettes if you don't break eggs.

300 naira to the USD in the “short term”

Jagaban - April 2023

Joey4321:
I'm not a Tinubu fan.

But calm down.

The guy is making the right moves

No one held Tinubu at gun point when he made that promise. Or the one below…

Kelklein:
Before you start jumping up and down, ask yourself should dollar be more than N300..🤔🤔🤔

At all o.

Jagaban promised 300 to the USD in the “short term” as of April 2023.

1 year later, sycophants want to gaslight Nigerians into celebrating 1,200 to the USD.

Interesting ain’t it?

300 naira to the USD as promised by Jagaban.

Nothing less!

Has the naira bounced back to 300 to the USD as Jagaban promised in April 2023?