What!!!!

sirpharrell:
It is obvious that the recent steep decline in the value of the naira is not due to any proven economic factor.
It is artificial, mainly due to speculations by Nigerians.
I think the government should not intervene but ensure that there is little or no room for arbitrage as they seem to be doing lately.
Let the naira even fall down to 10,000 to the dollar if that is what the currency speculators want.
The market will naturally get to a bursting limit, like all ponzi schemes are bound to, where late entrants will lose heavily.
There is no difference between ponzi and what they are doing now.

At the expense of the millions upon millions of already super poor masses ba?

HajiMT:
The government needs to arrest this situation before it degenerates to a full-blown crisis.

it's already a full blown crisis... The naira is not truly floated if there is still an official rate... That should stop or else e go still reach 1million naira for a dollar.

I doubt if that phrase that says what goes up musr surely come down works in this dollar to Naira faceoff. Dollar no Wan gree for Naira.

HajiMT:
The government needs to arrest this situation before it degenerates to a full-blown crisis.

Even if it's 2000 or 3000,the most gullible and cowardly people on earth will not make a noise!
Where else in the world,even that controlled by military dictators that things will be going so bad,so drastically without as much as a peaceful rally,not even a violent protest.

sirpharrell:
It is obvious that the recent steep decline in the value of the naira is not due to any proven economic factor.
It is artificial, mainly due to speculations by Nigerians.
I think the government should not intervene but ensure that there is little or no room for arbitrage as they seem to be doing lately.
Let the naira even fall down to 10,000 to the dollar if that is what the currency speculators want.
The market will naturally get to a bursting limit, like all ponzi schemes are bound to, where late entrants will lose heavily.
There is no difference between ponzi and what they are doing now.

My exact point. Follow it bumper to bumper as unfortunate as it sounds. No gree for anybody. Military fiat would have help in this case, but of course the military have hundred other negatives.

Tinubu, Apc supporters and miscreants left the group 🚶🏿‍♂️

Throwback:
Tinubu made it clear that the dollar should trade for whatever value those who are demanding it are willing to pay for it.

The question then is why are Nigerians so concerned about the naira value of the dollar?

The exchange rate is not a value of our local economy.

We were never a bigger economy than the USA when our Naira traded higher to a dollar on the 1960s and 1970s.

The UK is not a bigger economy than the USA despite the exchange rate between the British Pound and the US Dollar.

The government should focus on our local economy and achieving local sustenance, and ignore the exchange rate speculators.

As long as the average Nigerian can get all their needs and have enough left for savings and investments for the future, the exchange rate would be nothing but a number, just as it was when we had a higher exchange rate but a poorer economy compared to the US economy.

You are a big PHOOOL and an IGNORANT FOWL

The Tilumbu government cannot pay people salaries enough to cater for the rise in the cost of living caused by the exchange rate, and you said we should look away.

fergie001:
...

I don tell you finish... As you and Man Utd board (Glazzers and Family) connive to give us Ten Hag and Bulaba, you go learn this lesson by force.

Sad …. When will my people produce leaders who will deal with CORRUPTION ( death sentence) like China is doing?. That is when Nigerians will BREATHE.

Nigeria had been a corrupt country since independence 1960 to present.

Anybody that comes with any economy policy is only deceiving you because it won’t safe the country.

KILL CORRUPTION OR CORRUPTION WILL KILL NIGERIANS…………fact

This country is about to be in lock down...to japa is already getting more difficult how many months will it take you to afford japa ticket

My God.....For goodness sake, Tinubu just need to be removed.

Afrobasic:


At the expense of the millions upon millions of already super poor masses ba?

Suggest an alternative quick fix.

Nemere2020:


https://gazettengr.com/tinubus-monetary-policy-plunges-naira-to-n1520-per-dollar/

Please who has the exact cost of Executive Fleets with seamless journey to Benin Republic should send it to my DM. Thanks.

Something drastic needs to be done in this country,

Please where is the president?

Why is everyone silent and not asking questions in this country?

Boondocxs:

Are you not ashamed of your self
Minimum wage is 33k is that amount enough to feed for a month talk more of savings and investment
How long will you keep lying to yourself

Are you not ashamed that you could not comprehend my simple post, nor realise that it is a call to the government to ensure that whatever a Nigerian is earning in Nigeria, it is enough to provide for the needs and necessities, while still having enough to save and invest for the future?

Once that is achieved, who cares about exchange rate to a dollar that you are not spending in Nigeria?

jackpot:
You are a big PHOOOL and an IGNORANT FOWL

The Tilumbu government cannot pay people salaries enough to cater for the rise in the cost of living caused by the exchange rate, and you said we should look away.

Why should exchange rate of the dollar cause a rise in the cost of living inside Nigeria?

That is the problem the government needs to address.

Eliminate importation of the commodities we should never be importing, like our fuels.

Are we importing agricultural products?

What is the Fuuuul about me capping

Truth be told!
Most nigerians don't have business with the dollar.
This is some form of distraction from the disobedient nigerians.

SirLakes:
Seems the it will favour me and my family crew are now tired of the favour

The shege banza go reach everywhere, e go touch everybody

It will favour me and my family. I just exchanged money.
I am patently waiting for 3000N/1$

chiefolododo:
It was finished

Long time a ago

Throwback:


Are you not ashamed that you could not comprehend my simple post, nor realise that it is a call to the government to ensure that whatever a Nigerian is earning in Nigeria, it is enough to provide for the needs and necessities, while still having enough to save and invest for the future?

Once that is achieved, who cares about exchange rate to a dollar that you are not spending in Nigeria?

what stupid point are you making? You import virtually everything into the country with $ and you say we should not bother about the price of the $?

HajiMT:
The government needs to arrest this situation before it degenerates to a full-blown crisis.

The government wanted it thinking it will help the country

Throwback:
Tinubu made it clear that the dollar should trade for whatever value those who are demanding it are willing to pay for it.

The question then is why are Nigerians so concerned about the naira value of the dollar?

The exchange rate is not a value of our local economy.

We were never a bigger economy than the USA when our Naira traded higher to a dollar on the 1960s and 1970s.

The UK is not a bigger economy than the USA despite the exchange rate between the British Pound and the US Dollar.

The government should focus on our local economy and achieving local sustenance, and ignore the exchange rate speculators.

As long as the average Nigerian can get all their needs and have enough left for savings and investments for the future, the exchange rate would be nothing but a number, just as it was when we had a higher exchange rate but a poorer economy compared to the US economy.

I'm sure you're not human. I wonder how supporting a party can turn you to this heartless person.
Unless you're not in Nigeria, we'll all feel the rising food cost due to inflation together.

We must deal with Igbo...we must teach them a lesson

Nemere2020:


https://gazettengr.com/tinubus-monetary-policy-plunges-naira-to-n1520-per-dollar/

Evil people unit to put Nigeria in this mess. They claimed they love the country.

How can you select a complete sick and demented man that hardly talk or move to rule a country?

The evil people are on Nairaland.

Shame to all of you.!

SHAME!!

Nigeria is gone to the abyss while Tinubu is chilling in France

We thought 2019 - 2021 were the lowest we could get as a nation, not knowing those were the good old days. All thanks to the master planner, Tiniboo.
He's succeeded in renewing hopelessness in the minds of Nigerians. When we thought we couldn't have it worse, he proved us wrong. We expected him to be useless, but not this useless nw, haba!
I'll take a sick, mentally unstable Buhari for another 8 years than a few weeks with this useless clown as president.
People are suffering and the fuulish individual is resting in another country.
Only brain-dead folks still have hopes up for this fuul. 🤮

Nigeria is gone

ObalendeCMS:
Truth be told!

Most nigerians don't have business with the dollar.

This is some form of distraction from the disobedient nigerians.

Are you sure you are okay? MOST nigerians do not have business with dollar? Why do you think price of virtually everything has been going up?

HajiMT:
The government needs to arrest this situation before it degenerates to a full-blown crisis.

it a crisis at this stage.





So this is how the poor should breathe??



God help us