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Tinubu's Reckless Economic Policies - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsTinubu's Reckless Economic Policies (843 Views)

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Tinubu's Reckless Economic Policies by onez(op): 9:54pm On Jun 14, 2023
With inflation at 50% ( forget official rate), we are truly on the road to Golgotha. Allowing the naira to float while removing subsidy is inviting a runaway inflation. This is ridiculous and some people are hailing this nonsense.
Re: Tinubu's Reckless Economic Policies by tollyboy5(m): 9:57pm On Jun 14, 2023
onez:
With inflation at 50% ( forget official rate), we are truly on the road to Golgotha. Allowing the naira to float while removing subsidy is inviting a runaway inflation. This is ridiculous and some people are hailing this nonsense.
when last you got dollar at the official rate? where and how?
Re: Tinubu's Reckless Economic Policies by Bedotfarms: 9:59pm On Jun 14, 2023
Hmmmm
Re: Tinubu's Reckless Economic Policies by Frank688915: 10:00pm On Jun 14, 2023
onez:
With inflation at 50% ( forget official rate), we are truly on the road to Golgotha. Allowing the naira to float while removing subsidy is inviting a runaway inflation. This is ridiculous and some people are hailing this nonsense.
you don't need to cry, shebi he's not President 🤣
Re: Tinubu's Reckless Economic Policies by XY23: 10:00pm On Jun 14, 2023
onez:
With inflation at 50% ( forget official rate), we are truly on the road to Golgotha. Allowing the naira to float while removing subsidy is inviting a runaway inflation. This is ridiculous and some people are hailing this nonsense.
Lol. Most of them act like programmed entities. They share updates from one WhatsApp group to another. They don't interrogate issues.

My only question is that, why is PBAT in so much hurry? He doesn't seem to be in control. He needs to appoint economic advisers before it is too late. It's not just about copying textbook poilices but knowing WHEN and how to implement them.
Re: Tinubu's Reckless Economic Policies by SangoOlukosoOba(m): 10:13pm On Jun 14, 2023
Ttalk:
If you can't post your cert in Economics then you are a mumuman
💯 love your response!
Re: Tinubu's Reckless Economic Policies by Haaland007: 10:17pm On Jun 14, 2023
Calm down bro, you have to wait and see where the administration will head to before you jump into conclusions.
Re: Tinubu's Reckless Economic Policies by AntiZikist: 10:18pm On Jun 14, 2023
onez:
With inflation at 50% ( forget official rate), we are truly on the road to Golgotha. Allowing the naira to float while removing subsidy is inviting a runaway inflation. This is ridiculous and some people are hailing this nonsense.
So we should go back to Emefile's back door Forex trading where one Aboki will get dollars at 1976 rates?


Fool
Re: Tinubu's Reckless Economic Policies by Flets: 10:24pm On Jun 14, 2023
Tinubu’s policies are utterly reckless. Mumu Nigerians hail textbook policies that don’t apply directly.

With limited supply of FX, floating the exchange rate means banks and speculators will determine the rates while CBN plays catch up.

Fuel subsidy removal only frees up money for looting by the political vultures. Tinubu cannot stop the criminals that supported him to power.

As for stopping the funding for tertiary institutions and instituting student loans, it only means the poor cannot access tertiary education again. Forget the loan, the bureaucratic bottlenecks will ensure the average youth cannot access it.

Nigerians deserve all they get cos they can’t think.
Re: Tinubu's Reckless Economic Policies by maestro299:
Flets:
Tinubu’s policies are utterly reckless. Mumu Nigerians hail textbook policies that don’t apply directly.

With limited supply of FX, floating the exchange rate means banks and speculators will determine the rates while CBN plays catch up.

Fuel subsidy removal only frees up money for looting by the political vultures. Tinubu cannot stop the criminals that supported him to power.

As for stopping the funding for tertiary institutions and instituting student loans, it only means the poor cannot access tertiary education again. Forget the loan, the bureaucratic bottlenecks will ensure the average youth cannot access it.

Nigerians deserve all they get cos they can’t think.
I saw your well-reasoned posts on some other threads and it saddened me how Nigerians (the so-called masses that are going to bear the brunt of any government mishap) were falling over themselves to criticize you.

I swear, e be like say Tinubu don jazz this country. grin grin grin

I keep on asking this question: if peradventure Obi had become president and enacted these same policies Tinubu is passing, I can bet the farm that those hailing him now would have stopped at nothing to denounce him and his government.

How do I know? Look what happened to GEJ.

Tribalism and Religion have really destroyed this country.
Re: Tinubu's Reckless Economic Policies by Gajagojo: 8:04am On Jun 15, 2023
onez:
With inflation at 50% ( forget official rate), we are truly on the road to Golgotha. Allowing the naira to float while removing subsidy is inviting a runaway inflation. This is ridiculous and some people are hailing this nonsense.
Another unhappy Ibo
Re: Tinubu's Reckless Economic Policies by helinues: 8:05am On Jun 15, 2023
Opposition is not madness

Less than a month, una already don dey go Gaga..
Re: Tinubu's Reckless Economic Policies by helinues: 8:13am On Jun 15, 2023
Derrickfoster1:
Helinues why the joblessness?
Egbami, see person wey first thing to do whenever he wakes up is to come online to troll others which he has been doing for more than 2 years now

You are not only jobless, so many damages have been done to you without knowing consciously
Re: Tinubu's Reckless Economic Policies by Derrickfoster1: 8:14am On Jun 15, 2023
helinues:
Egbami, see person wey first thing to do whenever he wakes up is to come online to troll others which he has been doing for more than 2 years now

You are not only jobless, so many damages have been done to you without knowing consciously
Please talk like a matured man with pubic hairs
1 Reply

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