baralatie:

The price will not come down as long as you don't earn dollars.
The major dealer in dollars is the fg and the fg has its own dollar problems with the huge dollar debt the last government through on its neck.
And lack of dollar or deliberate withhold of dollar will always lead to speculative to drive the price lower.
Unless the fg has so much dollar largese to flood the market.
Then you have those import dollar bills

jackcanfield:
Sometimes the fact that we go to school doesn't mean we shouldn't think o, can we withstand the effects of floating the Naira after removing subsidy ... Please I don't want to be like I am against government policies, but floating currency requires data ,if we don't have data why we dey float currency.

TheGoodJoe:


We can, if we channel our private efforts to make money. Meaning, if we start exporting on a larger scale, we can enjoy floating.

MOVING FROM CONSUMPTION TO PRODUCTION.

We have to produce more.

obailala:



OBI has always advocated for scrapping the multiple exchange rate and floating the Naira. Below is an OBI tweet from September last year.

@tinsel, Basic123... If you really want to know who the real idiots, fools and subhumans are, perhaps all you guys need do is look in the mirror.

TheGoodJoe:


We can't keep up. The last government mortgaged everything. That is why I actually campaigned for Peter Obi (not trying to sound political), but we need someone who can make real hard choices to fix things.

We are using about 95% of our revenue to pay debts. No money to even run the government, let alone carryout schemes to make living easier. So all subsidies has to go, unfortunately, they are not ready to cut cost of governance, which must go.

You can't keep telling the citizens to endure while the government feeds large and loot large.

Basic123:

Is this the manifesto?...or what his twitter handler just posted!

And what us the big deal if two students get a question right.

You children of hate should let the world rest with your wahala jare

obailala:
Oga what are you talking about?... A person publicly screams the same idea over and over again, but in your bizarre logic and reasoning, he didnt say it cos I didnt show you a manifesto?

CodeTemplar:
yes.
Petrol subsidy is gone, education subsidy at tertiary level is gone, forex subsidy disguised as fixed rates too are gone.
That's what IMF and WB want for us but when you research the western countries and their welfare schemes, you will see they managed theirs well and sustained them when faced with abuse instead of scraping them. UK health insurance scheme is a good example of abused but well managed and sustained schemes.
Can our leaders think. We substituted a better scheme that drives production cost down for one that entails direct consumption. What a direction!

TheGoodJoe:


We can, if we channel our private efforts to make money. Meaning, if we start exporting on a larger scale, we can enjoy floating.

MOVING FROM CONSUMPTION TO PRODUCTION.

We have to produce more.

Globad:


Exactly

Dollar hoarders will offload

Speculators will offload

Foreign investors will come in

Ebubu2:
too late. If you go to buy naira now, banks will give it at same rate with black market, if you go black market, same thing.

So kukuma hold your naira. taking advantage of dollar or Dollar arbitrage is over

Tntsi:
Dont be deceived by all these long grammar and paid media promotion gigs all to promote tinubu.
All these have no effect common man on the street.

All these noise being made are paid media promotions to deceive those that will be deceived.

There is a moral burden on tinubu that is too heavy. He did not win the people. He does not have the people's mandate. And so he and his team are bombing the media space with flashy stuffs that have no content.
Watch out for more and more media propabgandas and thrash in the name of one thing or the other.

Nobody who steals political power uses it for the good of the people.

Globad:
Hope people can now see what is meant by purposeful and deliberate leadership

With this policy, more foreign exchange inflow will come in. Naira may depreciate in the short run but it will appreciate in the long run

Jorussia:
This should have been done a long time ago.
Three economic oddities that have bled this
country for the past 3 years are about to end.
Fuel subsidy,multiple corrupt fx,and hopefully
Organised crude oil theft that has made us
Lose billions of dollars are buried in first two months of PBAT administration. PMB really brought the standard of so low,that many people began to think that everybody in APC are idiots like buhari.I pray the Lord help PBAT
to achieve uncommon success in the economy and security of this country in Jesus name Amen.

9jaRealist:


Most nations subsidize PRODUCTION, not consumption (as we do in Nigeria)…
When price of imports rise, we ideally should become LESS “import dependent” and turn to local substitutes and/or inputs.

Furthermore, not quite sure what “income” you’re referring to?
Dangote’s earnings from, and exports to, other countries are repatriated in dollars (which should translate to MORE Naira).

Tinubu may well be a Drug Baron…
But this seems at first blush the BEST forex policy (no policy is perfect) for Nigeria, and hopefully his successor continues it.
>

LegendHero:


I heard Tinubu and Obi of Onitsha the Igwe warrant chief are trying to buy the Onitsha palace and turn it to a drug den. Is it true?

Could it be that Tinubu and Obi of Onitsha is the main cause of thousands of Yebow youth scattered across prisons in Asia?

How Obi wan take get policy when the lunatic dosen’t even have a manifesto until when he saw Tinubu released his own?

Even when they were both governors, we can point to transformational policy that can be linked to Tinubu that other states copied but no one can talk of any policy from Obi the lunatic when he governed Anambla that other state copied.

Ojuku of cursed memory will be turning in his grave now when he say how disgraceful Obiwhisky supporters are trying so hard to claim Tinubu policies.

Obi that coward. If he had removed subsidy, the nation would have been grounded by now. He will probably be crying on TV with his womanly voice.

Tntsi:
Dont be deceived by all these long grammar and paid media promotion gigs all to promote tinubu.
All these have no effect common man on the street.

All these noise being made are paid media promotions to deceive those that will be deceived.

There is a moral burden on tinubu that is too heavy. He did not win the people. He does not have the people's mandate. And so he and his team are bombing the media space with flashy stuffs that have no content.
Watch out for more and more media propabgandas and thrash in the name of one thing or the other.

Nobody who steals political power uses it for the good of the people.

OfoIgbo:


I am happy Tinubu is copying Obi's proposals, and seems to have abandoned his earlier proposal of feeding agbado to 50 million youths he will conscript into the army.

Peter Obi still outshone both Tinubu and Fashola in the five developmental areas that governors ought to be judged by. This is something you cannot take away from Obi.

Tinubu did not win his state Osun, Tinubu did not win Lagos. Tinubu did not win any of the KKK states. So how on earth did Tinubu get nearly two million votes more than the person they awarded the second place? Where did his votes come from.
He was clearly rejected by his people of Osun state, and Lagos state wher he set up his drug empire

Tinubu will have to explain, how in a FOUR HORSE RACE, where he did not win any of the major vote-bearing states, he still managed to "win" overwhelmingly.

But I am happy he is copying Peter Obi's policies though. I have nothing against him for doing that. It simply means he recognizes that Obi's policies are vastly superior to his Agbado policies

Tntsi:
Dont be deceived by all these long grammar and paid media promotion gigs all to promote tinubu.
All these have no effect common man on the street.

All these noise being made are paid media promotions to deceive those that will be deceived.

There is a moral burden on tinubu that is too heavy. He did not win the people. He does not have the people's mandate. And so he and his team are bombing the media space with flashy stuffs that have no content.
Watch out for more and more media propabgandas and thrash in the name of one thing or the other.

Nobody who steals political power uses it for the good of the people.

Tntsi:
Dont be deceived by all these long grammar and paid media promotion gigs all to promote tinubu.
All these have no effect common man on the street.

All these noise being made are paid media promotions to deceive those that will be deceived.

There is a moral burden on tinubu that is too heavy. He did not win the people. He does not have the people's mandate. And so he and his team are bombing the media space with flashy stuffs that have no content.
Watch out for more and more media propabgandas and thrash in the name of one thing or the other.

Nobody who steals political power uses it for the good of the people.

Tntsi:
Dont be deceived by all these long grammar and paid media promotion gigs all to promote tinubu.
All these have no effect common man on the street.

All these noise being made are paid media promotions to deceive those that will be deceived.

There is a moral burden on tinubu that is too heavy. He did not win the people. He does not have the people's mandate. And so he and his team are bombing the media space with flashy stuffs that have no content.
Watch out for more and more media propabgandas and thrash in the name of one thing or the other.

Nobody who steals political power uses it for the good of the people.

9jatriot:
Hmmm, I was one of those who always opposed the free float because I felt we were not earning enough, but this your reason sounds sensible. I know FPI avoided Meffy and his voodoo policies because they could not repatriate money.

Anyway, we'll see

Globad:
Hope people can now see what is meant by purposeful and deliberate leadership

With this policy, more foreign exchange inflow will come in. Naira may depreciate in the short run but it will appreciate in the long run

vannessa7:


It was Peter Obi that made Tinubu to perform wonders in Lagos state, better think of another storyline.

Basic123:

He said and so what is the big deal


So because of that other people copied from him.

Are you people brain working at all!


If answer to a question in 5,..it always be 5...if doesn't mean everyone that wrote 5 copied each other.by the way,single currency exchange channel has been the suggestions of all financial Pundits all this while!..just that buhari and your brother Emefiele failed to listen.

Enough of this you people baby attitude

occfx:


Which Lagos... Is it tinubu that made Abuja wonders too? You guys are gullible