₦airaland Forum

tenpipsperday:
Men with balls

Really?
They are just seeking for attention!
ECOWAS have forgotten them!
There are of no use to ecowas in the first place rather than raising terrorist and bandit!

SpatialKing:
You want to kpai me?

No. I cannot and don't have that power.

Just don't let hatred make you say or do things that can bring the wrath of God on you.
You don't know tomorrow

mrvitalis:
Let me educate you hopefully APC guys can learn

Like Peter obi always say... Exchange rate is not an issue stability of an exchange is the issue...

What do I mean.... If naira exchange for 2500 to a dollar and just moves between 2495 and 25005 for 5 years... It's better for the economy than naira exchanging 150 to a dollar today, 170 tomorrow, 130 next tomorrow 200 next week

When a currency is unstable, people would look for the next stable Fiat which is dollar which would cause dollar to increase in value which would cause more Unstableness of the local currency

The truth is 60% of dollars demand now is for savings people just want to save their money in dollar because naira is unstable

APC caused this by floating an unstable currency causing panic and didn't have the reserve to balance out the panic which made the naira more unstable and the circle continues

Truth be told
Obi himself knows he doesn't have any answer to Nigeria economic dilemma.
He has simple turned to catching cruise with all issue that will give the undiscerning an impression that he is relevant.
Tinubu policies has sent him to coma economically.

Now the issue and solution
1- The EFCC must come harder on the banks. They need to work like forensic investigators. Each of the banks should provide the top 150 customers that they they sell the foreign currency to. EFCC should profile this individual or organisation and from there draw inference. If the top are individual EFCC should dig deeper to know their source of money

SpatialKing:
Only In his dreams

You are not God
Can you say for certainty that you will see tomorrow?

Hedonisco:
He wasn't qualified to do it. A thief with a reputation for monumental corruption. Sitting on a stolen, albeit shaky mandate of 8m votes as against 6.8m, 6.1m and 1.2m votes allocated to his three main opponents - deeply divided along ethnic and religious lines.

Such a hated, shady, dubious character who the majority of voters did not vote for (14m people voted against him) lacks the legitimacy, perceived integrity, popular appeal and general acceptance/trust and broad base to implement such far reaching reforms in a country like Nigeria. It is not his job to do that.

Obasanjo or even Buhari could have pulled it off. It has to be a president with some reputation of integrity and with a broad mandate. Not this malodorous vermin who definitely did not snatch and grab power in the interest of the country or of the ordinary people.

Deluded grandiose!

olisaEze:
I don’t care if you’re looking for traffic or engagements, but it can never be well with you. Imagine you’re one of the victims bereaved kids, currently confused with all this, stumbling on to this headline. Your upbringing is evidenced by your lack of respect for both the living & the dead.

Truth cannot be clouded by emotion

Jessyjeff:
Please, just say APC mismanaged the Naira by over borrowing and floating of the currency.

When Obasanjo took over in 1999, Nigeria had around 3 billion dollars in foreign reserve. Nigeria was still then heavily dependent on importation; he didn't float Naira, and he didn't stop subsidy on petrol, diesel and Kerosene.

Yet, Nigeria's inflation rate was under 15% and food was affordable too. He assembled able hands who were able to grow the economy and pay Nigeria's debts or negotiate some debt forgiveness.

Why did everything about Nigeria's economy start deteriorating rapidly immediately APC took over government in 2015? APC has no clue about economic management, especially on federal level.

Obidients as usual.
Dropping figures with unguarded recklessness,

Let be truth be told
This wealth was gotten by milking the Nigerian state and people badly. Part of why our economy is in runs today

Please Sahara reporter let's take more look into the appropriation in the Northern states especially Niger state, zamfara state and sokoto state

dre11:
https://tribuneonlineng.com/budget-agriculture-ministers-fault-subsidy-removal-floating-of-naira/

This minister s especially the agriculture minister need to be sacked with immediate effect
I also note he is a member of the economic team. This is a disaster . This minister has got nothing to offer
This is the season the Agriculture ministry need to be telling us plans in place to increase food crop and cash crop production across Nigeria be is still behind.

SensetionalGoal:
Tinubu should resign....
It's very clear he knows nothing about good governance simple. he should stop wasting everybody's time and step down!

Because you feared Obi doesn't have anything to offer

Wrong comment!
How can they show support?

To put more aptly, "bank directors carried out CBN marching orders!"

All interstate road both left side and right side should be made into plantations of rice, wheat ,rubber, cocoa ,cotton , palm fruit , maize etc
This will do two things prevent the bandit and kidnappers from using the roadside as hideout and it as act as source of easy transport to move farm product
Each interstate road should be crops that grow best in that area and of value in the international market

APCNig:
You forgot to call US, EU, AU, ECOWAS, and UN
Shameless bitter people

..even the international court of justice still dey

What if the opposition are the terrorist?

Nakedtruthkk:
. Which Policies ,Which Objectivity ...Policies that is Crumbling the Economy ,People are Suffering ..What is the essence of Policy ..to make life better and not make it More Terrible .

Not Vexed ,Not Irritant ...This is Reality .

It's either you're economically dump or hatred (Obidents)

Nakedtruthkk:
. Only Man ..No one Else .

When are we going to outgrow this Wrong Mentality of "only One"

Shehu Shagari : Only One that can Solve Nigerians Problems.

Babangida Only one

Abacha ..Only one

Obasanjo ..Only One

Yaradua ..Only One .

Jonathan .Only one

Buhari that one Loud so much ..Only One.

Nothing Happened ,Things went from Worst to Terrible .

Now ,Tinubu Only Won ..things becomes More and More Terrible ..Yet this one is still saying Only One Mtcheww

It is beyond looking beyond our present difficulties and see his policies in its objectivity.

Since you hate him and hate Nigeria
Go ahead and do your worst.

I gave you my personal opinion.
You became vexed and irritant..

This woman has many hidden sterling qualities.
Now I know why Tinubu married her and stuck to her all this years!
We will soon come out from the woods
Thanks for your timely encouragement

No.
Although I didn't vote for him. I have come to be for him 100%.
The only man who understands what it is to Birth nationhood.
All his steps are in order, but the enemies of Nigeria are fighting with all they have stolen. Fighting him on all fronts. From his certificate to the supreme Court. Now using the money they have stolen and insecurity to fight Nigeria just to rubbish him.
God pass them.
Nigeria will emerge victorious.

isaaczik:
Nonsense, after all these, corruption and tribalism will not allow them, to use them at right places.

They will either destroy them by themselves or sabotage their usage.

Foolish and corrupt country

Stupid talk

Greenback:
Hypocrite. So the people who so attacked GEJ that year were also haters of Nigeria!

Because you are an hater doesn't mean everyone hates .
Feed yourself some love for president Tinubu and Nigeria

greenermodels:
CBN is just plain clueless about how to tackle the decline in the value of naira.

They aren't.
The problem is deep seated and most of all most Nigerian don't mind if the country goes down just because of greed and personal gain.
All this measure will go a long way.
Most of all we should start seeing activities in the Ministry of Agriculture, that where the revolution towards greater foreign earning should start

Trimjos:
Fool like this one will always say people who criticize the govt for their ills doesn't love Nigeria. 30k paid bot

Instead of you to be brainstorming, you looking for where to point finger because of your love for one politican who lost an election.
Time will tell

MrProlific95:
Dear President Tinubu, can you now see what Karma is doing to your government?

What exactly was your reason for plotting the downfall of Goodluck Jonathan Government?

The desperate for power shall always be disgraced when they get the power and don't know what to do with it.

Foolish talk.
It can only come from anyone who doesn't love Nigeria

festacman:
Managing the economy is more than fiscal and monetary manipulations. The key thing is productive economic activities.

- President Tinubu, please come back home sir. Nigeria needs a new economic foundation.
- Convoke a something like 'National Economic Conference' to develop a nationwide roadmap that will tap the economic potentials of geopolitical zones
- Set up a versatile economic think-tank and keep an open mind to their ideas. Look beyond Wale Edun and work with some crazy young minds to create out-of-box ideas for policies and programs.
- Develop short and long-term Economic and Development Plans and actively Implement it.
- Be positively strong-willed and don't sacrifice crucial things that MUST be done today for tomorrow's 2nd term. Nigerians will always appreciate positive results.
- Stimulate production in different aspects of the economy through incentives, make vital reforms of laws and processes, enthrone intentional concessions, etc.
- Move focus and relocate effort from attracting FDIs to encourage local industries, SMEs and entrepreneurs.
- Create more employments, boost local food production develop creative export drive strategies to earn forex.

Spot on!
The quickest is in agriculture
What can we produce that we have competitive advantage
We got the land and human resources

No basis for comparison
One is the President and commander in chief managing the myriad of Nigeria problems and the other is a jobless individual who has got nothing to offer but catching cruise and reckless attention sweker feasting on the woes and / or success of every event in Nigeria and lives Nigerians

Omooba77:
Posted By Formeer Vice President Atiku Abubakar on X (Formerly called twitter)

Ops are you sure Atiku said all this ?
Because nothing was said

Fortuneed:
keep playing

Wait till Monday

Okin07:
Honestly, I'm a bit puzzled about how this move is connected because this morning, the pounds were at 1915, and now it's down to 1730 – a big drop! The government policy might be slow, but it's definitely making an impact. We'll get there eventually.

The Nigerian banks are behaving like enemy of the state!
All the bureau de change are the Nigerian banks
Now what will happen is they don't get to keep foreign currency hence there will be no speculative game.
CBN is moving calculatively, the monitoring staff are already in Lagos by 2nd the monitoring team swarm on the banks.
Any bank chief or board of any bank won't want to dare the CBN at this moment or at their very own risk.

By Monday I predict $1=N750

IamAtikulate:
It pains me when I see people dismissing Niger's exit from ECOWAS. Their argument has always been that the move will hurt Niger more than Nigeria since they depend largely on Nigeria for their imports.

This would have been true if Benin Republic is not sabotaging Nigeria and ECOWAS.

Here's the back story:

Niger's military ceased power Q4 of last year. ECOWAS moved in to restore constitutional order. As part of efforts to squeeze the junta to return power to elected government, Nigeria-led ECOWAS imposed several sanctions, including shutting their borders.

The two most prominent faces were that of Nigeria and Benin presidents.

But December 28, Benin unilaterally lifted all suspensions on imported goods transiting to Niger through the Cotonou port. This was about a month after Niger competed the Niger - Benin pipeline that will allow them export their crude reserve through the port.

Fast forward to January 2024, Niger pulled out of ECOWAS.

Meaning?

Benin deceived Nigeria to shut its borders against Niger, on the pretense it was standing with ECOWAS resolution against Niger. And then goes around to open their borders to the same Niger, effectively isolating Nigeria.

Here's the catch.

In 2022, Niger exported USD 1.256 billion in goods, and imported USD 3.802 billion. With this move, Benin has succeeded in isolating Nigeria's ports from handling Niger's annual USD 5 billion international trade. That's not even all. The same year, Nigeria imported $33.43m worth of goods and exported goods worth $192.91m to Niger.

Now, use your calculator to see the amount of money we are about to lose due to this misguided geopolitics.

Besides, Benin treachery means we are now completely surrounded by unfriendly neigbours - Benin in the West, Niger in the North and Cameroon in the east.

Now, what if Niger decides to build dam across the Niger River to generate electricity? Nigeria now lacks leverage and non-kinetic deterrence.

While our president was busy shouting "constitutional order," our Benin neighbours were busy working behind the scene to strength their relationship with Niger Republic and completely isolate Nigeria.

The most painful thing is remedying this problem will not be a walk in the park. First, importing through Benin is far cheaper and the distance from Apapa to Niamey is about 36 KM longer than from Cotonou port to Niamey.

We have lost Niger and their trade FOEVER.

Well done, Tinubu.

Obidents myopic economics churning and brandishing false figures shamelessly

Tell whoever cares to listen that Niger republic and northern Nigeria are one and same.
Iinfact despite all the railway to Nigeri will soon be completed

CBN got to stop these guys from handling physical cash. They and the banks are responsible for all forex atrocities .
Infact anybody caught with more than $2000 or equivalent in any foreign currency in Nigeria should be criminalised and money ceased from such individual

Fujiyama:
^^^


You just had to throw in the praise singing bits, right?

He isn't shrewd. His abysmal management of the economy so far should have settled that question for you. And he obviously doesn't understand "the processes" at all. If he did, things wouldn't be this bad.

At least you didn't call him a "first class accountant". Thank God for small mercies...

You seem to be oblivious of the fact in the news of how we got here.
NNPC said they never remitted a dime into federation account in 2022? Can you beat beat that? Yet we produce close to a million barrel per day?