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Nairaland Forum / Nairaland / General / Politics / How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 (17665 Views)
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Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by Anatolia: 1:23pm On Jan 29 |
niyisky: If you know your onions, calculate the devaluation of the naira per year under lunatic Emefiele and stupid cardoso. 3 Likes |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by Oghene86: 1:23pm On Jan 29 |
niyisky: What about the current idiot in office? What is he doing he met the Exchange rate at N800 now it is N1400 I believe he is a bigger idiot than Emefiele 6 Likes |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by tete7000(m): 1:23pm On Jan 29 |
Sheuns: Our appetite for anything foreign is killing the country. Imagine the President and other government officials always living and holidaying in the white man's land. Every other Nigerians too want to japa. 3 Likes |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by Vlibray: 1:23pm On Jan 29 |
Demand and supply .. Nigeria is an import dependent country. Reduce imports or export more.. Then the Naira will appreciate 1 Like |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by CalabarPikin: 1:24pm On Jan 29 |
Some of us still the shout raise am! Raise am! codedly 1 Like |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by pendusky(m): 1:24pm On Jan 29 |
Seun: So make your mods shut down the topic? |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by Piroty: 1:24pm On Jan 29 |
All these ones don't really concern people who trade cryto, we earn with skills and from the dollars also, steady going to the bank |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by blacknp(m): 1:25pm On Jan 29 |
nairalanda1:We have been hearing this same rhetoric talk for donkey years now, na the Federal government go diversify the economy for its lazy citizens that have refused to be innovative, yet all states of the federation have commodities for export based on their comparative advantages? But no, na money from FAAC una they wait for every month, then will turn around and blame FG for their lackadaisical approach? 1 Like |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by being(m): 1:25pm On Jan 29 |
What you are saying is impractical... it sounds right, but it will lead to chaos which it did. Some person with influence will tell u he needs dollars to buy tractors, but then he will get it and go sell in the black market -- zero risk business, high ROI... at d end of d day, d CBN was fooling itself by doing all that pegging & 41 items ban shenanigans. Economics is not sentiment. It is a social SCIENCE Cause of problem: There are no dollars.. simple.. Nothing CBN can do about it.. the govt is d one to create systems & policies to drive in more dollar earnings. RepoMan007: 1 Like |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by dirolad(m): 1:25pm On Jan 29 |
Sheuns:hmm |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by Devil1Messenger: 1:26pm On Jan 29 |
BigBlackPreek:can u tell us how? |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by outoftheworld: 1:26pm On Jan 29 |
nairalanda1:You are so empty |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by Sheuns(m): 1:26pm On Jan 29 |
tete7000: Our leaders try to heap most of the “import” blames on the people. Majority of the fx spent on imports are done by a very few percentage of the people (political class especially). Most of what the majority of us consume are locally sourced or made. 2 Likes |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by SSpeter(m): 1:28pm On Jan 29 |
masseratti:Naira is fully floated, sadly we cannot have one official rate because FG cannot meet the demand for the official rate hence there will always be a black market 2 Likes 1 Share |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by Beautifulday: 1:29pm On Jan 29 |
nairalanda1: If we manage the oil well and cut out mismanagement, oil bunkery and thieves. You will see we have a lot of foreign exchange to be the best country in Africa |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by blacknp(m): 1:30pm On Jan 29 |
RepoMan007:Hypocrisy in overdrive, as usual you must blame Tinubu for your own lack of coinage, Mr Monday morning armchair economist? We have been hearing this same rhetoric talk for donkey years now, na the Federal government go diversify the economy for its lazy citizens that have refused to be innovative, yet all states of the federation have commodities for export based on their comparative advantages? But no, na money from FAAC una they wait for every month, then will turn around and blame FG for your lackadaisical approach? |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by agabusta: 1:30pm On Jan 29 |
RepoMan007: You are not taking into account the endemic corruption in the blood of the average Nigerian that'd not make the so called tractor buyers get the forex at that rate. Probably 5% of so called tractor buyers will get it, while the other money will go through other avenues that would do greater damage to the economy. Nigerians are incapable of handling discretion, the system will eventually be abused. 3 Likes 1 Share |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by Tochi3(m): 1:31pm On Jan 29 |
..those foreign investors were colonialist who meant no good for Nigeria..they wanted cheap & free raw materials for their dying economies...but Emiefele understood their evil intentions.. ..they waited for a drug criminal who they knew they can squeeze his balls when he refuses to do their biddings in the person of Thief'nubu.. The vice chancellor of Germany visited Nigeria & recently the US secretary of State..to remind Thief'nubu that if he do any how he will see any how...they even told him to hold those responsible for the lekki toll gate massacre because he started going astray to the commands if he wants to keep the stolen mandate.. The former colonialist all over africa have always wanted criminals & corrupt fools to preside over the affairs of African states. they needed willing tools for their interest alone..they found one in Thief'nubu.. Nigerians were all warned not to give power to a criminal with so many negative baggage..but now dem hol am 4 blokos..Thief'nubu & his goons are not ready to leave power..that means they will sell Nigeria to foreigners at a cheap price.. Nothing for poor people for Nainja again.. Na suffer every where..the signs dey Show already.. ..See where dem dey only develop..lekki airport, lekki free trade..even the US don buy their portion for lekki..e remain to station military base for there..All for their foreign interest.. Dem dey tell una say God bless Nigeria & Africa in General.. use you God given resources to go into production, production & more production..Na so China start..but no Nigeria dey wait for colonial foreign investment..after all na brain dem dey take produce something & youthful population dey there plus the God give resources wey plenty plenty everywhere.. This is the time for the so called " foreign investors" to buy & own everything cheap in Nigeria not in the interest of Nigeria but theirs E Choke walahi |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by RepoMan007: 1:31pm On Jan 29 |
being:that's why govt need to do the crediting of dollar into merchant's account directly and not trust any random importer with forex. You pay into the account of reputable sellers the dollar and let the buyer pay you naira equivalent. We don't enough dollar in govt hand to declare single exchange rates for toothpicks or wines and medical supplies. 2 Likes 1 Share |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by Blazetrailer: 1:32pm On Jan 29 |
niyisky:...... ...and these ones are not ruining it? ....dey play. It will reach 2k by mid year as projected. These ones don't know what they are doing. Wait till you start begging for Emefiele to be reinstalled. 1 Like |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by djon78(m): 1:33pm On Jan 29 |
Bobloco: Apart from the corruption tainting emefiele His tenure as CBN governor wasn't that bad compared to what is going on now Floating the Naira is not a good policy 1 Like |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by RepoMan007: 1:35pm On Jan 29 |
outoftheworld:...but the dollar is loaded right? Lol. |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by blacknp(m): 1:35pm On Jan 29 |
djon78:Sure it is not a good idea, because people like yourself, many other Nairalanders like Bobloco, you want to enjoy without critical application, working hard & sacrifice? 1 Like |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by coputa(m): 1:35pm On Jan 29 |
Nigeria over dependence on petroleum export without diversifying the economy is now having overriding effects on the nation. Nigeria budget hinges on projected oil prices and import and any hitches brings it to a deficit. It will even become worse now that this administration is paying and servicing loans with crude oil . Nothing will now be left to run the nation, that's the more reasons why the government always go on a borrowing spree. 2 Likes 1 Share |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by Bintasukai: 1:36pm On Jan 29 |
BigBlackPreek:He basically chaperoned it to failure. Same way Ngozi was warning us in 2014 about the recession that came in 2015. |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by VeeVeeMyLuv(m): 1:36pm On Jan 29 |
nairalanda1:More like dollars Nigeria earns is intensely mismanaged 1 Like |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by Weregonnalose: 1:37pm On Jan 29 |
Oh look, ah thief predicted what will ah happen after him and his thief colleagues finish ya cuntiri |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by Sheuns(m): 1:38pm On Jan 29 |
Blazebond: We export crude oil and natural gas, and I tell you we make a lot of forex from just those two commodities. We have hundreds of exporters that export both finished products and raw materials and they do quite a number. Dangote, Bua etc are big exporters. Our government officials and politicians squander too much of our revenue and blame it on lack of production. When our currency was much stronger just less than 10 years ago, what were we exporting? Wasn’t it this same oil that was our major revenue source? 2 Likes 1 Share |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by RepoMan007: 1:38pm On Jan 29 |
blacknp:Lazy citizens who get massacred for being productive. Get kidnapped and extorted. Get arrested also? |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by Sheuns(m): 1:39pm On Jan 29 |
VeeVeeMyLuv: This is the problem we have. Our politicians spend and loot those dollars with reckless abandon. 2 Likes |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by Weregonnalose: 1:39pm On Jan 29 |
djon78: Jonathan isa have tha best people. |
Re: How Emefiele Warned Naira Would Tumble In Floated FX Regime In 2019 by Ykc2(m): 1:40pm On Jan 29 |
RepoMan007:oga na nigeria we dey ,even at this rate they are still selling dollars to dangote at cheaper rate,who is the central bank governor now ?with nepotism in nigeria how do you think this your method will work |
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