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Nairaland Forum / Nairaland / General / Politics / Naira Was Devalued, Do You Expect A $1m To Remain The Same? (187 Views)
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Naira Was Devalued, Do You Expect A $1m To Remain The Same? by richidinho(m): 10:43am On Jul 21, 2023 |
I dont really understand this Tinubu supporters Naira was N430 to 1$, 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 1 Like |
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 1 Like |
Re: Naira Was Devalued, Do You Expect A $1m To Remain The Same? by seanfer(m): 10:52am On Jul 21, 2023 |
richidinho: 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: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(m): 10:55am On Jul 21, 2023 |
seanfer: 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(m): 10:58am On Jul 21, 2023 |
seanfer: There is nothing like official rate again my guy, may be you have forgotten the "Unification" nonsense 2 Likes |
Re: Naira Was Devalued, Do You Expect A $1m To Remain The Same? by seanfer(m): 10:59am On Jul 21, 2023 |
richidinho: 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 1 Like |
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