₦airaland Forum

AngelicBeing:
Hian, you no dey Taya, like seriously 😳

matify83:
Excellent move!

However, concerted efforts must be brought to bear on the continuous appreciation of the naira because it is still undervalued at this rate.

Our target is between 700 and 800 to the dollar. That's what Carson has always maintained.

Tinubu, during his campaign, said he would harmonize the fiscal and monetary policy to achieve immediate stabilisation of the value of the naira against the US dollar.

The President-elect said he would work with the Central Bank of Nigeria (CBN) to bring down the exchange rate to N200 in his first term.

“My administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.

“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years,” Tinubu stated.

https://www.ripplesnigeria.com/world-bank-offers-nigeria-forex-rate-advice-as-tinubu-eyes-n200-dollar-rate/?amp

Sccarrr:
wayre orun is pained...Omo ofo, Omo gutter

seguno2:
That is not the target of our president.

Sccarrr:
no, E dey decline, ode! We know you're sad about the news..your expectation namake e dey rise daily, it gives u orgasm

Mofo's spotted

Sccarrr:
no, E dey decline, ode! We know you're sad about the news..your expectation namake e dey rise daily, it gives u orgasm

Nbote:
The govt thru the CBN is selling below the market value to drive price down. The question is for how long will they continue to sell below the market price?

VULCAN:
He doesn't need your vote.

Mahmoud Yakubu will give him all the votes he needs

Kukutenla:
What was the idea behind floating naira

HeroicMeastro:
No be u de shout say e go reach 2k by next month?

Benwallt:
So, 2000 or 3000 means it's gaining valued? Obidients are the lowest of thinkers

Sccarrr:
no, E dey decline, ode! We know you're sad about the news..your expectation namake e dey rise daily, it gives u orgasm

Mofo's spotted

CodeTemplar:
The govt is trying to hang it around N1500/$ mark. Selling slightly below and pushing for it to be resold at just above that is their strategy for now.
We need some drastic import substitution and not these cosmetic shenanigans.

femicyrus:
It is called politics

matify83:
Campaign is over dear.

The reality on ground especially after he removed petroleum products subsidy and floated the Naira is at variance with his campaign promises.

Here is a tiny glimse into what his Lagos whizkids are saying.

IamAtikulate:
It's not working.

Dollar is now #1,680+ this morning. Tinubu is destroying this country with incompetence

Vision101:
Sometimes I wonder how some of us (if given the the chance) will perform the miracle that we expect others to perform. Import substitution? Can you enunciate the policy and achieve the results in even two years?

CodeTemplar:
irrespective of how well the suggesting person can perform, import substitution is the logical way out and never these fire brigade, indices-chasing moves.
Import substitution simply means taking something you would normally import and thus need forex for, and speed up its production locally so you no longer have to import it.
It ensures you employ local hands. Utilize local potentials and materials, then brings about a stronger local currency when you export excess.

For a start, we spend more than 60% of our income on feeding so agriculture is not a brainer.

Vision101:
And this should be the policy pursuit now? A policy that its yield cannot be less than five years. We had it before during the days of oil boom. Where are the results?

lexy2014:
you don tire?

how is the above related to the post you responded to and the post I responded to earlier?

which "god" did you see me refer to?

where did you see any mention about "god' working in CBN or otherwise?

who is my "CBN god"?

where is this "CBN god"?

where did we have a discussion about the existence of a "CBN god"?

can you show me where this "what has God , got to do with all the criminality perpetuated by your Cbn thieves" was mentioned in the "previous post" you are referring to?

Iykopee:
Who is this animal with an IQ of the lowest order? Are you celebrating one dollar to 1500 Naira or you are a mentally redundant baboon signed from the road side dustbin to praise sing bad governance?

Demented abobaku

Earthquakes:
You have no business with dollar so no need commenting or attacking anyone. Have you bought dollars all your life
People comments don’t increase or decrease dollar only policies does

Mopolchi:
omo ale! Aye e ti baje! Omo jati jati!

Iykopee:
@ #1500 means naira is gaining value?

IamAtikulate:
It's not working.

Dollar is now #1,680+ this morning. Tinubu is destroying this country with incompetence

Sccarrr:
Omo gutter aye awon parents e tibaje fr birthing a useless gutter thing like u

77up:
Nothing bad in been optimistic in positivity, even if you are Obidi.ents that are ironic don't see anything good about the present government just like their lord and Savior Obi himself,when you see good things that doesn't makes you happy,better keep quiet than showing up your hatred.

1 dollar is almost 2k as at last week ,now it's back to barely 1500 and still going down,yet here you are

Sccarrr:
didn't expect anything less frm your shitty brain

Iykopee:
Man you are morbidly senseless. So a dollar is #1500 and you are celebrating such? Bad governance actually messed up your system.