₦airaland Forum

casualobserver:
let us hope it leads to progress and development in the SE. It is the interest of the rest of Nigeria for the SE to develop and create jobs there for their people...otherwise they will migrate to your zones and bring their problems.

7bucklife:
It's not just ph. It's everywhere sir. I stopped buying fuel into my tank when I noticed a lot of inconsistencies in my fuel guage readings,not knowing they were blowing in air into my tank. Always buy inside Jerry can for accuracy.

Misterone:
Seun should start banning these type of stupid threads. It takes us nowhere as a nation. Only an idiot would think a country suffering from revenue challenge would reduce the cost of a product which it has no influence over. Just because a commodity is being sold at market price then a government should be toppled! Ah! Nairaland is becoming too uneducative for me.

Zico5:
Nigeria is a country full of criminals, supervised by criminals and judged and criticized by the same set of criminals cos they are not part of the crimes.

Wisereborn:
For mouth Evidences please! Don't you dare post a throwback pishure

grandstar:
Let the value be determined by market forces, by forces of demand and supply

grandstar:
You sound naive ( please don't be quick to take it the wrong way). You sound innocent.

In democracies, a leader does not have the luxury of doing what he wants to do. Rather, you do what you are able to do.

The meticulousness you desire sadly wasn't there and the blame goes to the acting central bank governor who seems clueless in respect of taming inflation and also the growing spread between the official and parallel market rates. Had he succeeded in deregulating the Naira, we won't be having this discussion. It is the downward spiral of the Naira that is causing the present pain and nothing else.

For inflation to be tamed, CBN will need to increase interest rates to 25%. This will bring inflation down but would most likely lead to a recession and it is something Tinubu may not want hence the CBN's steady hand. When interest rates are high, people prefer to save rather than invest, removing cash from the system. With less cash in the system, inflation goes down. It is the prime tool central banks use for combating inflation but it is a double edge sword as it slows economic growth and many times, pushes the economy into a recession. Rates are lowered gradually as inflation falls.

A new CBN governor is badly needed now as well as a finance minister. The quick decision you seek won't come as Tinubu unwieldy cabinet takes shape and nominees are appointed to their respective ministries, parastatals and so on. He has political debts he has to pay.

Omoawoke:
The use of ogun (war) ogun (charm) ogun (medicine) oogun(sweat) will send non Yoruba speakers crazy 🤣

Okoroawusa:
I Love Bola Ahmed Tinubu