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Nairaland Forum / Nairaland / General / Politics / Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF (15350 Views)
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Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by BigYash: 5:57am On Oct 16, 2023 |
tesppidd:He think say to run economy na certificate forgery. Truth is tinubu came to loot ,and not to make Nigeria any better... He has nothing to loose at the end of the day.. 10 Likes 3 Shares |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by MasterJayJay: 5:58am On Oct 16, 2023 |
It is stupidity to expect inflation to drop when petrol that powers the economy is sold at 620 naira per litre. 7 Likes 3 Shares |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by ufotunang: 5:58am On Oct 16, 2023 |
Nigeria will also soon collect pounds, euros as loans... nawaoooo 🙄 7 Likes 2 Shares |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by ufotunang: 5:58am On Oct 16, 2023 |
Renewed hope to renewed shege 7 Likes 1 Share |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by tegrianonigltd(m): 5:59am On Oct 16, 2023 |
Whalis: The only governor till date who governed a state without borrowing a single penny, the first governor who brought in Fortune 500 companies to anambra, the second largest brewery in the world including one of the biggest pharmaceutical companies in the world among others, Innoson cars came to existence, onitsha regained its place as the biggest market in west africa. You can sit and google Peter Obi, without sentiments, or place of hate. Just 10 mins. You would know a man who chaired 3 banks, SEC, built successful businesses, and companies in the Europe, and Africa, to a man who only did accountancy for only 2 years with mobil as a graduate entry. His only experience was 2 years, lagos most talk about revenue was TAX he widened base on lagos was already a commercial hub. 11 Likes 3 Shares |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by descarado: 5:59am On Oct 16, 2023 |
DMerciful:Very hard considering those at the seat of power. They don't know how to produce. Only how to consume. 5 Likes |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by ufotunang: 6:00am On Oct 16, 2023 |
What do you expect when you vote old men into power 4 Likes |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by ufotunang: 6:00am On Oct 16, 2023 |
Goverance of loan... nawaoooo 🙄 6 Likes 2 Shares |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by ufotunang: 6:06am On Oct 16, 2023 |
DMerciful:..yes that is the solution... Peter obi knows what to do to solve nigeria problems 8 Likes 1 Share |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by seguno2: 6:06am On Oct 16, 2023 |
Jaycee07: Facts about a hypocritical balablu man of zero character and nonexistent integrity Thankfully he failed miserably in his attempt to scam us. Thankfully so. “’I cannot take anything back about Obi. I said Obi said he wants to move Nigeria back from consumption to production and I said that is not true. He cannot do it because his own business survives on consumption. Is that a lie? He has been an importer and I said he deals with cash and carry economics; container economics, imports”. |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by victorclean(f): 6:07am On Oct 16, 2023 |
Oduduwpigs you see una life?. Druggie spent above $500,000 to attend the last summit, staying in hotel and not in Nigerian presidential lodge. His son is in errant wasteful mission, using presidential jet to tour around, wasting aviation fuel with maintenance fee. New vehicles worth millions of dollars is purchased. HE Obi Peter would not have done that 8 Likes 2 Shares |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by ufotunang: 6:07am On Oct 16, 2023 |
They said he built Lagos...let him build nigeria na 🙄 7 Likes 3 Shares |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by seguno2: 6:09am On Oct 16, 2023 |
ufotunang: What has age got to do with competence in governance? Were Singaporeans and Malaysians as well as even Americans not governed by old people for prosperity and stability of their countries for the people’s welfare |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by ufotunang: 6:12am On Oct 16, 2023 |
You people are the problem.. world bank and IMF..if you people rejects giving nigeria loans ..the federal government would had have sense on what to do to generate revenue money into my country and run the economy and country...but you always easily giving the federal government loans anytime they ask of it as made the federal government to be lazy and do not know what to do to generate revenue into the country |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by Skillsnigeria: 6:12am On Oct 16, 2023 |
Hmmm |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by sulaak(m): 6:14am On Oct 16, 2023 |
Whalis: Tinubu fire brigade's approach to the problems. He unified the currency without assessing why the previous government had multiple currency windows. Buhari/Emifele didn't have the FX funds to defend the Naira. The economy has no liquidity due to the ongoing oil swaps with foreign refineries. Instead of selling crude oil for FX , Nigeria swapped crude oil for refined oil. Prof Ken Ife https://www.youtube.com/watch?v=P5F6OSRmlpY&t=1349s 2 Likes |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by Towncrier007(m): 6:16am On Oct 16, 2023 |
VinnyBaba:This is so deep that people won't understand... It is a spiritual law 5 Likes 2 Shares |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by ufotunang: 6:16am On Oct 16, 2023 |
All this importing, consuming, consuming nation is the problem . A country that does not produce tand export what do you expect., nigeria even import toothpick, ply wood, woods, groundnut oil, palm oil, maize .. nawaoooo 4 Likes |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by TruthsFM: 6:18am On Oct 16, 2023 |
They will still used the dollar loans for their selfish gains. Is it not the same senators and reps that are using over #150m expensive SUVs 🚙 niiii. APC will totally destroyed Nigeria economy patapata. 4 Likes 2 Shares |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by Chochovini: 6:18am On Oct 16, 2023 |
tesppidd:. Which Lagos did he fixed? 2 Likes 1 Share |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by malware: 6:20am On Oct 16, 2023 |
GanagiBitrus: You hit the nail on the head, and in addition, cut wasteful spendings. Just imagine the money thatbis about to be wasted for purchasing brand new latest Lexus Jeeps for the new 469 lawmakers at the National Assembly. And remember, it's our hard-earned Foreign Exchange that will be used to purchase the vehilces. It's barely 4 years that the same set of vehicles were purchased for the 9th Assembly laemakers, but those vehicles have now been auctioned (dashed) to lucky winners with connection. I doubt if the almighty Briton wr look up to purchases vehicle for every set of laemakers, after every election year. 5 Likes 3 Shares |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by emerged01(m): 6:20am On Oct 16, 2023 |
GanagiBitrus:You are very right. Still short term measures need to be taken to put the economy in order while planning on the long term measures. Viagra was produced for a reason not for cure of PE. 1 Like |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by ufotunang: 6:21am On Oct 16, 2023 |
Refeneries are not working, ajaokuta steel company is not working..all moribund... these are national assets that can generate a lot of dollars, foreign currencies into nigeria and boost the economy, strengthened the naira and make it have value, create jobs for youths and nigerians ...but our leaders and politcians do not care about them but just to be collecting loans ...this world bank and IMF had made our leaders and politcians lazy and lose focus on the right things to do 3 Likes 1 Share |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by Lovenorth: 6:21am On Oct 16, 2023 |
Vultures have spoken to justify nonsense |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by SpatialKing(m): 6:24am On Oct 16, 2023 |
What is Tinubu' doing in Aso Rock Someone that graduated with a First Class in Accounting 1 Like |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by viodemus: 6:25am On Oct 16, 2023 |
They said he was city boy, that he invented Lagos. Some even say he thought of, built, and commissioned the university of Chicago. it is clear that his leadership cannot see oga jakande shoe. levels dey. Jakande still remains the king of Lagos, others, not the tribalist criminal, have come close, but no leadership surpassing yet. He is in his own way. If he is not thinking corruption, he is thinking divisiveness among tribe and religion. A useless criminal. 3 Likes 2 Shares |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by JOACHINpedro: 6:26am On Oct 16, 2023 |
NaijaGoBetter2:How much can you get? When every citizen is owning int body +₦200k 3 Likes 1 Share |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by bluefilm: 6:29am On Oct 16, 2023 |
SpatialKing: Audio First CLASS. More like first class in forgery sciences and transgenderial studies. 5 Likes 2 Shares |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by Ezmans: 6:30am On Oct 16, 2023 |
Whalis:the worst mistake ever done in nigeria is APC coming to power, it shall never be well with APC & lielie mahammed 4 Likes 1 Share |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by wink2015(m): 6:32am On Oct 16, 2023 |
High cost of governance + corruption by the political class is responsible for the bad state of the Nigeria economy which has grown worse over time. Nigeria should depending principally on crude oil and gas. These minerals are not enough to see Nigeria through this hard times. 3 Likes |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by Originalsly: 6:34am On Oct 16, 2023 |
Whalis: The problem is corruption .... mismanagement and lack of production to earn foreign exchange to offset importation and build foreign reserves. Bear in mind ... up to 2015 ... money was tolling in from oil ... .money that was being squandered ... stolen. . shipped out but almost enough to keep the Naira stable. As the shortfalls grew greater ... the Naira began to slip. Now.the IMF is commending the move to lift the ban on foreign exchange for cement.... poultry and poultry products .... and rice among 43 items. How can this help us? ... this is back to importing what we can produce .... flooding the market with xheap questionable goods ... putting local products out of business and drying up the already scarce foreign exchange. The IMF will then be waiting to give us a loan with draconion conditions. 4 Likes |
Re: Naira Under Pressure, Nigeria May Seek Dollar Loan – IMF by BrickDevo: 6:37am On Oct 16, 2023 |
Whalis:But Tinubu mention this, was there even a laid out plan of his that was made public to the people before election? 1 Like |
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