Origin:
Short term fix.


As long as everyone continues to use importer rather than local goods. The demand for fx will always stack higher than the naira....

From your gate to your living room to your bedroom everyone uses 90% imported in their homes. Even when local is available and cheaper. We all still opt for these imported items.......



We all know the solution but the fruit of corruption is to steal as to use all that glitters that is not gold....

Buy local to grow the Naira.


And it is still the same corruption that has our fx rising because our main trade partner is China and we should be concerned about the yen but our loans and corruption is in dollars.

Local goods that is not being regulated, NAFDAC is compromised, all standard regulating bodies are useless, so who will buy cheaper and end up with a life time ailment and with no hospital to treat you?

The number one launderer, looter, corrupt person is Tinubu. When we told you that corruption cannot fight corruption, you thought it was a joke

malali:
Even if you raise 100 billion dollars.

As long as there are a few Nigerians with 10 billion naira cash at home, they will change it to dollars in no time.

And we are back to square one......The Banks are complicit as well, our banks need the "sanusi" treatment, Flush out culpable CEO/MD's

You have to address the looters, the corrupt officials, the money launderers, the currency traffickers, the currency hoarders.

Stop pretending they dont exist or they are untouchable.

These people are making a fool of your government and your strategies. You are now spending more than the "removed" subsidy to stabilize the naira....lol

Origin:
Short term fix.


As long as everyone continues to use importer rather than local goods. The demand for fx will always stack higher than the naira....

From your gate to your living room to your bedroom everyone uses 90% imported in their homes. Even when local is available and cheaper. We all still opt for these imported items.......



We all know the solution but the fruit of corruption is to steal as to use all that glitters that is not gold....

Buy local to grow the Naira.


And it is still the same corruption that has our fx rising because our main trade partner is China and we should be concerned about the yen but our loans and corruption is in dollars.

Well, it will be patriotism to buy local goods to grow the naira.

Rather, unfortunately, in Nigeria, local goods too depends on dollar exchange rate. Garri went from 2k to 7.5k here per basin. Local rice went from 7500 to over 50k. A palm slippers went from 6k to 15k. Cement went from 2.2k to 10.5k. Are these not local goods?

Funny enough, the government even plans to make cement cheaper by allowing importation of cement. Something we produce locally. Doesn't that tell us something?

Nigeria's economic policy would require a unique approach.

Clueless government. No more sweet talks from the hypocrite.

Where is the BAT getting $10 bn?

If BAT and family members get hold of that kind of money, stabilizing the naira will be the last thing on their mind

Nigeria can go to blazes

This is what you get when u fail to put people that merit the office of minister of finance,, how can u occupy the whole vital offices with ur dump brothers ,we are missing buhari already,, foolish president

So Tinubu feels the only way to solve the problem in Nigeria now is just to raise billions of dollars and just dump it back into the system. All for few Naija billionaires politicians and bank officials to buy it all up withing 2 months at government rate . Fantastic Tinubu , see how clever he is

tundebasic:
Well, it will be patriotism to buy local goods to grow the naira.

Rather, unfortunately, in Nigeria, local goods too depends on dollar exchange rate. Garri went from 2k to 7.5k here per basin. Local rice went from 7500 to over 50k. A palm slippers went from 6k to 15k. Cement went from 2.2k to 10.5k. Are these not local goods?

Funny enough, the government even plans to make cement cheaper by allowing importation of cement. Something we produce locally. Doesn't that tell us something?

Nigeria's economic policy would require a unique approach.

When they made mention of the bolded ,it was then I realised the naira could rise above 2000 naira and that Tinubu and his son called advisers have no clue at all about what they are doing

Origin:
Short term fix.


As long as everyone continues to use importer rather than local goods. The demand for fx will always stack higher than the naira....

From your gate to your living room to your bedroom everyone uses 90% imported in their homes. Even when local is available and cheaper. We all still opt for these imported items.......



We all know the solution but the fruit of corruption is to steal as to use all that glitters that is not gold....

Buy local to grow the Naira.


And it is still the same corruption that has our fx rising because our main trade partner is China and we should be concerned about the yen but our loans and corruption is in dollars.

Oga your postulation that it is imports that is causing the naira issues is very wrong. The issue here is the insensitive fiscal policies the government is doing and the inability of the government to solve the issue of parallel market, because the same corrupt politicians of which he is a part of are the ones fueling parallel market.

If he likes make them put out 900 billion dollars the vultures will mop it up with enough naira they have arranged down before now,they are not playing.

Solution to Nigeria problem, the masses should take law into their own hand and finish the already dead nation up, Nigeria is not mend to be, the British forced it on us from the beginning. Nigeria is on oxygen now, and the gas is almost finish self. No where in the world that their national currency will be dropping like a plane that is about to crash will survive this evil economy we are running every day. Have we ever ask the reason that the naira is losinh value every day ? Are we the only country that is importing goods in the world ? even the little Benin republic live their daily lives on import than exporting, and they are still doing fine till today.

As long as everyone continues to use importer rather than local goods. The demand for fx will always stack higher than the naira....

From your gate to your living room to your bedroom everyone uses 90% imported in their homes. Even when local is available and cheaper. We all still opt for these imported items.......



We all know the solution but the fruit of corruption is to steal as to use all that glitters that is not gold....

Buy local to grow the Naira.


And it is still the same corruption that has our fx rising because our main trade partner is China and we should be concerned about the yen but our loans and corruption is in dollars.[/quote]

"we WILL!"

Kenneth4u205:
We will.we will .we will . 8 months already gone with we will. Dollar is at 1900 already. Bulaba is still saying we will . Before you know it 8 years is over

after 8yrs we still we will

Groovedaddy:
Where is the BAT getting $10 bn?

If BAT and family members get hold of that kind of money, stabilizing the naira will be the last thing on their mind

Nigeria can go to blazes

Notfogotten:
Tinubu is planning to borrow and looth 10billion USD in the guise of defending the naira.

Let's assume (without conceding) he will actually borrow without loathing to defend the naira, isn't that most stupid thing to do.

If you borrow 10b USD and defend naira in the short term, won't you pay back the 10b USD with interest in USD?

This government is clueless.

Don't mis-quote sir. The statement is easy to understand. We will raise is totally different from we will borrow... you can raise money without borrowing.

“At the core of this is ensuring optimal management of the assets and investments of the Federal Government towards unlocking their revenue potential.

ijustdey:




https://www.thecable.ng/tinubu-well-raise-10bn-to-stabilise-naira-boost-fx-liquidity/amp

So they’ll borrow another $10bn to stabilize Naija. They had borrowed $3bn in Jan to stabilize .. and Naira has jumped. 200% .. from N650 to N2k. Our purchasing power has been eroded by 200% ..our net worth reduced by 200%? So what is the gain of floating Naira when we’re borrowing $13bn in his 8th month out 48 months to stabilize the naira..

Tinubu is doing a good job making Nigeria’s economy/currency like Zimbabwe

flokii:
May your efforts yield positive results.
The other one with questionable philosophy certificate would have buried our economy patapata had it been he won. Medical doctors, lecturers, labour etc. for don dey strike now.
We dodged a bullet.

You dodged a bullet and landed on a mine

malali:
[color=#990000][b]

Stop pretending they dont exist or they are untouchable.

They are friends and
Cardosos is not ready to step on toes

Kenneth4u205:
We will.we will .we will . 8 months already gone with we will. Dollar is at 1900 already. Bulaba is still saying we will . Before you know it 8 years is over

Origin:
Short term fix.


As long as everyone continues to use importer rather than local goods. The demand for fx will always stack higher than the naira....

From your gate to your living room to your bedroom everyone uses 90% imported in their homes. Even when local is available and cheaper. We all still opt for these imported items.......



We all know the solution but the fruit of corruption is to steal as to use all that glitters that is not gold....

Buy local to grow the Naira.


And it is still the same corruption that has our fx rising because our main trade partner is China and we should be concerned about the yen but our loans and corruption is in dollars.

How is China your main trading partner? Is China buying your crude oil?

flokii:
May your efforts yield positive results.
The other one with questionable philosophy certificate would have buried our economy patapata had it been he won. Medical doctors, lecturers, labour etc. for don dey strike now.
We dodged a bullet.

Can't you see that this narrative is not working? Please suffer your hardship quietly. Don't disturb us

SalamRushdie:
You better talk to to your partners in Colombia so they can inject Nigeria with dollars...it's about time we start thinking outside the box

I am a supporter of the country improving so I back every FG but that made me laugh...

You're crazy.

flokii:
May your efforts yield positive results.
The other one with questionable philosophy certificate would have buried our economy patapata had it been he won. Medical doctors, lecturers, labour etc. for don dey strike now.
We dodged a bullet.

So all these ongoing strikes are childs play.. Just be playing

amakanancy:

Don't mis-quote sir. The statement is easy to understand. We will raise is totally different from we will borrow... you can raise money without borrowing.

“At the core of this is ensuring optimal management of the assets and investments of the Federal Government towards unlocking their revenue potential.

I like your optimism. But, if they could raise it, they would have done it without announcement.

Also, someone that wants to raise 10 naira would first raise 1, 2, 3 naira and you would have seen the person is capable of raising 10 naira.

The last time this administration raised $3bn you can check how they did it.

Notfogotten:
Tinubu is planning to borrow and looth 10billion USD in the guise of defending the naira.

Let's assume (without conceding) he will actually borrow without loathing to defend the naira, isn't that most stupid thing to do.

If you borrow 10b USD and defend naira in the short term, won't you pay back the 10b USD with interest in USD?

This government is clueless.

See you a putrid pained numbskull talking about the economy...

A whitewashed dunderhead that has not even gotten his "personal" economy right, talking about the economy of Nigeria..

No accountability.
if there is possibility of raising 10billion from fg asset now then why couldn’t we do in the past. Nigerian leaders have never been serious.

Btw, Nigeria government should stop talking about saving the naira by pouring in, Dollars. Simply work on productions. The more we privatize the more impoverished we become. Nigerian society is corrupt beyond practicing true capitalism. What we have are vultures.
Capitalist in Developed countries try hard to improve production process for existing product to make sure it is more affordable for the people. But here, capitalist form associations to increase prices of their substandard products day in day out.

Motheroftwo:


Any thread I see tinubu supporters comment, I just burst into laughter 😂😂😂 I don't know why. Like seriously I don't know why 😂😂😂😂 Omo 😂😂

Let me tell you why..

You burst out laughing because of your inherent deep seated ignorance of issues..

eBOLA is still campaigning after election!
# 2 steps forward, 6 steps backwards govt of self serving THIEVES AND REDUNDANT PROPAGANDISTS 💯😂😂🤣🤣😄😄😆😆😅😅😃😃

We will is always the slogan

Please tell Buhari to return only HALF of his loot. Naira would stabilize.

malali:
Even if you raise 100 billion dollars.

As long as there are a few Nigerians with 10 billion naira cash at home, they will change it to dollars in no time.

And we are back to square one......The Banks are complicit as well, our banks need the "sanusi" treatment, Flush out culpable CEO/MD's

You have to address the looters, the corrupt officials, the money launderers, the currency traffickers, the currency hoarders.

Stop pretending they dont exist or they are untouchable.

These people are making a fool of your government and your strategies. You are now spending more than the "removed" subsidy to stabilize the naira....lol

Do you know the Amount of dollars Him and his family stocked