Industries Battle For Survival As Dollar Hits N1,155 - Politics (4) - Nairaland
Nairaland Forum › Nairaland General › Politics › Industries Battle For Survival As Dollar Hits N1,155 (17225 Views)
| Re: Industries Battle For Survival As Dollar Hits N1,155 by ispreloaded(m): 12:30pm On Oct 20, 2023 |
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| Re: Industries Battle For Survival As Dollar Hits N1,155 by SirLakes: 12:35pm On Oct 20, 2023 |
We will have sense by force ![]() Next week rate is N1255 |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by Angelfrost(m): 12:38pm On Oct 20, 2023 |
pyyxxaro:Lizard wey Dem don already chop into extinction...! Even house rats and cockroach don dey run for their lives. |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by Brimstone77: 12:40pm On Oct 20, 2023 |
Omooba77:Can I hear someone shout RENEWED HOPE!!!!! 😂😂😂😂😂😂🤣🤣🤣🤣🤣🤣🤣😂😂😂😂😂🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 Don't worry tinubu is currently building nigeria same way he built Lagos!! |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by clinician2x: 12:41pm On Oct 20, 2023 |
yarimo:I'm not worried... I don't really care about you and your stupidity |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by maasoap(m): 12:43pm On Oct 20, 2023 |
I knew nothing good would come out of subsidy removal. |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by ufotunang: 12:44pm On Oct 20, 2023 |
See what APC and Tinubu has caused |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by ufotunang: 12:45pm On Oct 20, 2023 |
Why do you expect when you vote old men into power |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by ufotunang: 12:45pm On Oct 20, 2023 |
Nigeria miss Peter obi.... Peter obi would had solved all this problems |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by Lanruze: 12:46pm On Oct 20, 2023 |
As a patriotic Nigerian, I would advise the Federal Government to directly intervene in the FX and the fuel subsidy removal crisis immediately. There is a very strong cabal behind both weaknesses of both policies and it will ignite anarchy in the short run. Both policies have negatively affected the fabric of household and the N75K palliative may not be sufficient as the brewing anger in the land may explode soon. Irrespective of tribe and political leanings, the populace feel the direct impact of both policie. Nigeria is import dependent and also a large domestic consumer of PMS. I will advise PBAT to suspend the FX unification policy as it has obviously not been effective and re-invest proceeds from the subsidy removal strategically in the export of crude-oil and its derivatives. The demand for Nigerian crude-oil derivatives is so huge that a glut in our production capacity affects the global price of crude oil The price of crude oil and its derivatives continues to spike northwards based on the Ukrainian war & also the Israeli-Palestine conflict. Dangote refinery should ensure the feedstock from NNPCL is purely from our oil wells to give the country its full benefit of the oil proceed whilst earning good FX in the short term. Oman, Saudi Arabia, Qatar, kuwait, UAE etc have grown thier countries revenues from this mono-product which has transformed them to super rich nations. To Aliko Dangote, ignore all the negative noise about your relationship with the embattled CBN governor, Dangote has been positioned through his refinery to assist his homeland patriotically with his refinery. In the short term, the refinery has been positioned to earn good forex especially to Non-OPEC Members that solely relied on Russian Crude derivatives like gas, DPK, Jet A1, petro-chemicals etc. The Dangote refinery alone can be a game changer in the short run to stabilise our FX earnings. |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by ufotunang: 12:47pm On Oct 20, 2023 |
And they said Tinubu is an accountant... nawaoooo 🙄 |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by maasoap(m): 12:47pm On Oct 20, 2023 |
abhosts:Then, don't forget to blame Atiku, Obi, Kwankwaso. PDP would have defeated APC by millions of votes if selfishness was put aside. I intentionally left Wike out because his demands were simple |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by Hohaiiiode(m): 12:48pm On Oct 20, 2023 |
Omooba77:the way buhari butchered niherias economy, there is nothing no one could have done to savage it immediately, even though I doubt obi or atiku will use headless fire brigade approach like tinubu did. Sadly this guys are not in any way cutting cost of governance or their flamboyant and childish typical Nigerian politicians lifestyle. Even a senseless person learn to adjust his meal, his acomodación and overall life to fit his present situation . But Nigerian politicians ? No!! Never there are clueless or in self denial until every thing falls so bad. |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by ufuosman(m): 12:59pm On Oct 20, 2023 |
Country is on d verge😳 |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by abhosts(m): 1:01pm On Oct 20, 2023 |
maasoap:That is assuming the elections are free and fair. You are forgetting that Atiku/Obi by many accounts won the 2019 elections. If coward Jonathan had known that he would cave to APC and allow an INEC chairman he appointed to work for APC, he should have never ran for reelection. |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by zinaunreal(m): 1:02pm On Oct 20, 2023 |
spencekat:I Don convert Tey tey |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by spencekat(m): 1:03pm On Oct 20, 2023 |
zinaunreal:Good move! |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by Revolva(m): 1:09pm On Oct 20, 2023 |
I guess all the people that pushed the baffon called BRT in power in d aim of na our brother turn to rule.....una de enjoy the ec onomy now abi....e sweet una for belle WE black race are too wicked to ourselves .....shame to those people...i cant generalize that all yorubas did this..but this is affecting my mentality towards my fellow yorubas...that did this to a whole nation just to see everyone suffer.... i will never forgive anyone dat did this to us as nigerian |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by LordBillionz: 1:10pm On Oct 20, 2023 |
Where that fool that calls himself freestuffng? Oya come and say rubbish in defence of this failure of a father you have as usual. Bunch of efulefus |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by LordBillionz: 1:13pm On Oct 20, 2023 |
Taylor94:Those bitter souls will be MIA on this. But bitterness will kill them. Especially the one called freestuffng.... Check my signature for free sniper |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by maasoap(m): 1:18pm On Oct 20, 2023 |
abhosts:No, they didn't. And our elections are now fair to some extent unlike under Obj. If coward Jonathan had known that he would cave to APC and allow an INEC chairman he appointed to work for APC, he should have never ran for reelection.This your opinion gets as e be. INEC chairman appointed by Jonathan working for APC! |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by Helgreenluv(m): 1:19pm On Oct 20, 2023 |
Mbanda:Tinubu MUST rule for at least a period of 4 years. Go and deal with that. The black regalia wearing statistics lying machine will NEVER rule Nigeria. As e dey pain you, e dey sweet me
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| Re: Industries Battle For Survival As Dollar Hits N1,155 by fiverrpromotion: 1:25pm On Oct 20, 2023 |
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| Re: Industries Battle For Survival As Dollar Hits N1,155 by paragons: 1:34pm On Oct 20, 2023 |
Let's look at it critically are we saying that what is happening now is a function of bad leadership could they be a chance that the government did they best they can but factors beyond their control is causing .Is it not also possible that even with another government things could still be the same .I want us to critically weigh ....is what is happening now a case of government ineptitude or could they be other factors we are not seeing or evaluating I think economy egg heads in the house can shed more light on this . |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by DMerciful(m): 1:43pm On Oct 20, 2023 |
But you left Obi that campaigned on production! nairalanda1: |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by Johncuppa(m): 1:46pm On Oct 20, 2023 |
Taylor94:[b][/b] |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by Programmer47: 1:48pm On Oct 20, 2023 |
paragons:Pure ineptitude. Removing subsidy on your first day without any framework was a very stupid decision. Floating the naira without reducing tax and providing g incentives was another stupid move. Refusing to maintain your integrity on not just how he won the election, but also his credentials signifies only one thing to investors - Country is not trustworthy. Giving 25k palliatives to bogus poor people. That same money can revitalise a Refinery, even if its modular. B.A.A.T is just a wrong choice. Plain and simple. Apart from abuse and tribal bigotry , even his supporters cannot pinpoint his political plan. Obi had a clear plan to see - Consumption to Production. And that is still the way to go. But this plan requires selfless people which Tinubu is definitely not |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by Kepukepu: 1:51pm On Oct 20, 2023 |
tsdarkside:you show crass ignorance of how the financial system works. Damn. |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by Kepukepu: 1:52pm On Oct 20, 2023 |
paragons:It's a function of Tinubu's bad and hasty economic policies. 1. He should not remove subsidy without a working refinery 2. He should not float naira. |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by nairalanda1(m): 1:58pm On Oct 20, 2023 |
DMerciful:Yes, but Obi unfortunately is not on the seat |
| Re: Industries Battle For Survival As Dollar Hits N1,155 by DMerciful(m): 2:01pm On Oct 20, 2023 |
For every action, there's an equal and opposite consequence! nairalanda1: |
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