Naira Was Devalued, Do You Expect A $1m To Remain The Same? - Politics

Naira Was Devalued, Do You Expect A $1m To Remain The Same? - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Naira Was Devalued, Do You Expect A $1m To Remain The Same? (278 Views)

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Naira Was Devalued, Do You Expect A $1m To Remain The Same? by richidinho(op): 10:43am On Jul 21, 2023

I dont really understand this Tinubu supporters

Naira was N430 to 1$, crude oil sales is $2bn = N860bn

Now you devalue the same naira with just a pronouncement

Naira became N820 to 1$, crude oil sales is $2bn = N1.640 trillion

Why are you celebrating as if your economic policy brought the high income

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Re: Naira Was Devalued, Do You Expect A $1m To Remain The Same? by ttobizz(m): 10:48am On Jul 21, 2023

I have been doing this math. You just made it easy. Thanks

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Re: Naira Was Devalued, Do You Expect A $1m To Remain The Same? by seanfer(m): 10:52am On Jul 21, 2023

richidinho:
I dont really understand this Tinubu supporters

Naira was N430 to 1$, crude oil sales is $2bn = N860bn

Now you devalue the same naira with just a pronouncement

Naira became N820 to 1$, crude oil sales is $2bn = N1.640 trillion

Why are you celebrating as if your economic policy brought the high income

And the revenue comes only from crude oil right? Mind you official rate of $ to naira today is 792.. And don't forget that with the removal of subsidy there will be more funds in the federation account

Re: Naira Was Devalued, Do You Expect A $1m To Remain The Same? by Ikaeniyan0: 10:53am On Jul 21, 2023

richidinho:
I dont really understand this Tinubu supporters

Naira was N430 to 1$, crude oil sales is $2bn = N860bn

Now you devalue the same naira with just a pronouncement

Naira became N820 to 1$, crude oil sales is $2bn = N1.640 trillion

Why are you celebrating as if your economic policy brought the high income

Is it only from crude we generated all that income?

Is it because naira is devalued that the FRIS generated the largest tax income in the history of Nigeria?

Re: Naira Was Devalued, Do You Expect A $1m To Remain The Same? by richidinho(op): 10:55am On Jul 21, 2023

seanfer:
And the revenue comes only from crude oil right?

Lolz ...you can see the calculation of the amount that came from crude oil sales, they only remitted 300bn of other sources

Alot of money are not remitted sef

Re: Naira Was Devalued, Do You Expect A $1m To Remain The Same? by richidinho(op): 10:58am On Jul 21, 2023

seanfer:
And the revenue comes only from crude oil right? Mind you official rate of $ to naira today is 792.. And don't forget that with the removal of subsidy there will be more funds in the federation account

There is nothing like official rate again my guy, may be you have forgotten the "Unification" nonsense grin

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Re: Naira Was Devalued, Do You Expect A $1m To Remain The Same? by seanfer(m): 10:59am On Jul 21, 2023

richidinho:
Lolz ...you can see the calculation of the amount that came from crude oil sales, they only remitted 300bn of other sources

Alot of money are not remitted sef

You gave wrong and false stas but you don't want to admit..
How many barrels of oil was sold in the month in context?
At what rate was the oil sold?
What is the official exchange rate of $ to naira used by FG?
You will not want to admit that your information was wrong

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