₦airaland Forum

fabian063:
Peter Obi will never float the naira. He is way smarter than that. He will remove fuel subsidy not float the naira

femi4:
Oga, provide proof or rest forever

No shalaye fc here

Ofunaofu:
Stop telling barefaced lies, falsehood and propaganda if you are not ready to prove it

Emyogalanya:
MU**

netricoin:
But you failed to include:
Finally, the Obi/Datti campaign states it will “dismantle” the multiple exchange rate regime and “demand” the “transparent liberalization of the foreign exchange market” which may or may not be a full float of the foreign exchange market.

“Fiscal and monetary policy will therefore be properly coordinated with each deploying conventional tools transparently instead of distorting markets to favour a few privileged persons. For the avoidance of doubt, we will demand the transparent liberalization of the foreign exchange market and the dismantling of the opaque multiple exchange rate regime which effectively subsidises a few privileged persons, whilst depriving government of badly needed revenues. When unaffordable subsidies are removed, some carefully calibrated transfers will be used to cushion any adverse impact on the economically weak

JagabanB:
Same way Obi sat and planned with committee before hiking tuition fees that led to protests?
Same way he planned with committee before suspending LG tier of government right?
LOL.
We supported Tinubu when he said he will remove subsidy, u can Iie to urseIves all u want, Obi said he will remove subsidy "immediately without wasting time" does that statement sound Iike he was going to sit with a committee or he sat with the committee before coming to campaign?
DuIIards are always quick to taIk about others being duIIards, DuIIards always project themselves on others, I am not surprised at all.

JagabanB:
I am telling bare faced lies, I agree, so prove otherwise that he didn't say it.
Can you?
Prove it that Obi didn't say he will remove subsidy or float naira.
Few years from now u same people will come back to tell us to provide proof that Obi supported naira redesign.

Ofunaofu:
The onus is on you to prove it

Daystar7:
Obi this, Obi that, na only Obi oppose una feeble ancestor? Obi said everywhere. Blaming Obi for Tinubu's failure says a lot abt you. Now keep drooling

JagabanB:
Obi is bIabbîñg about the government every 30 minutes in every 24 hours and u are saying Obi this, obi that?
Are u dèmènted?

JagabanB:
You will still deny?

JagabanB:
So ur candidate came to ur house to tell you he was going to put necessary policies in place?
Obi said he will "remove subsidy immediately without wasting time", he didn't talk about any policy, to continue in ur hypocritîcaI àttàcks, u all formed the policy part.
APC is the reason we have so many pliable roads in Nigeria now, unlike before, APC is the reason our rail network is growing, APC is the reason why projects start and are not abandoned.
To remind u, I don't support the party, I support individuals who I believe in, in the last election, I voted for APC as well as PDP and SDP candidates unlike u who did Eluu P top to bottom.
You believe in a prosperous society and u support Obi?
Is there any IeveI of hypócrîsy worse than that?

JagabanB:
As usual, the average Obident is èmpty, always ready to insuIt, intellect is beyond them, that's why feeding them with Iies is easy.

Omooba77:
*Urges FG to curtail crude theft, shore up production



https://www.vanguardngr.com/2024/03/floating-of-naira-worst-economic-decision-pengassan/amp/

JagabanB:
I didn't vote Obi so I don't really understand ur reply.

JagabanB:
He's so smart that he built a rail system in the news and Anambra people are using trains in the news.
He is so smart he stored money in the bank he has shares yet the state he's governing is facing a huge infrastructuraI and economic deficit.
He's smart he suspended the third arm of government.
He's so smart he couldn't provide water for the people of Anambra.
He's so smart he can't provide affordable health care services and education.
He's so smart the fire service he left behind uses bucket to fetch water from the tanker.
He's so smart he had to say he will let market forces decide the value of the naira.

Zetty177x:
He nor get brain.. na akamu full am. If he can float ur naira like that. Shame never let am unfloat am

JagabanB:
I have replied him, if u are not aware that Obi and Atiku said it emphatically without mincing words that they would remove subsidy and float naira, I can't help u.

JagabanB:
You are mixing what a blogger wrote with the exact words of Obi.
Below is a tweet from Obi before elections, after elections, he started editing his statements to keep his mób firing on all cylinders.
So the picture below says what?
I wish I have the videos in his various town hall gatherings to show u where he said he will remove subsidy "immediately" he's sworn in, where he emphasized on floating the naira, videos also where questions were thrown at him and directed those questions at others.

Omooba77:
*Urges FG to curtail crude theft, shore up production
The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has said the decision to float the nation’s currency is the major cause of the hardship, mass suffering, and other economic woes confronting the country, describing it as the worst economic decision-taking by the government.

President of PENGASSAN, Engineer Felix Osifo, in a chat with Vanguard, said people are already projecting that one Dollar will be exchanged for N4,000 before the end of the year because currency speculators are having a free day, contending that no country anywhere in the world floats its currency 100 percent in US Dollars.

According to him, “The removal of the fuel subsidy came with mixed feelings. As of then, our greatest concern was that it was done hastily. We were challenged by the fact that there was no plan in place to cushion the effects of its removal. One of the sectors impacted is the transportation sector. Before going into such a venture, it is right to proliferate everywhere with buses so that the Nigerian masses and students can use such buses for free.


“It would have reduced the high cost of transportation suffered by the people. Today, we can see where we are as a country. The reason why we are facing this difficulty is really not because the fuel subsidy was removed, it is mainly because of the exchange rate. In the last three years, we have shouted that the greatest policy that would affect us greatly if not well-managed is the exchange rate.

“When the exchange rate was N450, if crude oil price was around $75 to a barrel, the landing cost of PMS would have been about N350. That is half of where we find ourselves today and it could have also been better. We are challenged today because that exchange rate keeps increasing over time


“As we speak, everywhere is in chaos. The country is really going south and everywhere, it has been a problem. No country in the world floats its currency 100 percent in US Dollars. That is the worst economic decision-making. Today, we do not earn 100 percent and we have floated our currency. If it is left to supply and demand, speculators will come in. If not for the run around the Economic and Financial Crimes Commission, EFCC, operatives are also doing, which is also not sustainable, we could have got to N2,000. A lot of people are already projecting N4,000 before the end of the year. Currency speculators should not be allowed a free day.


“When a nation floats its currency, it is looking at the parallel or the black market, which has no fundamentals. When somebody has $5,000,000, he decides how much to sell it when another person is there to buy. The CBN or the official rate should not be chasing the parallel market. Those in the parallel market can do whatever they want, but the official rate should be maintained at a single rate. Another thing we can do is increase the supply side. Nigeria is an oil-dependent country.

“Over 90 percent of our foreign exchange earnings is from crude. We must curtail the issue of crude oil theft. We must create incentives for the International Oil Companies, IOCs, to increase their production for the indigenous producers to increase their production and stimulate more production. This is the quickest way for us to earn petrol dollars. When this comes in, it will shore up the supply and we will be able to meet the demand. Speculators cannot be eliminated, they will still be there.



https://www.vanguardngr.com/2024/03/floating-of-naira-worst-economic-decision-pengassan/amp/

netricoin:
Peter obi also said that he would not remove subsidy without having a plan to deal with the negative effect

stormborn28:
You are a big liar. Atiku and Obi only said they are going to remove subsidy but never said they are going to float the naira... Many of you APC supporters can lie

fabian063:
90% of what u typed are false

Blaze14k:
I mean if you know obi will float the naira and remove fuel subsidy why didn't you vote for him instead of tinubu.

Emyogalanya:
A regular music from Jagabantists dishing out insults but not willing to receive it

Tochi360:
Yes I support Obi and Labour Party bcus I believe that Pdapc has been nothing but a curse to Nigeria.

The level of social injustice We have created in our system is the major reason people are adviced to shun protesting this COLLOSAL FAILURE We have for a govt,the poor will definitely pounce on those perceived rich bcus what Apc has done is to make Nigerians hustling legitimately to survive poorer than they met them.
Yes Apc is the greatest calamity to befall this Country,if you like shift blames from now till eternity the reality We live on the streets of Nija laughs and mock your hypocrisy.

While Obi was still in PDP it was obvious that He was a different breed,at a time when others were looting unrepentantly He saved money for His own State.
Till today He is not collecting shishi from Anambra as gratuity or pension. Worked for Nigeria without collecting shishi under Jona while He was SEC CHAIRMAN.

Not an angel but give Him a job to do He will do it.
Nigeria is plainly politics to your Tinubu and His evil APC calamity,He doesn't believe in Nigeria so why expect him to do well for same Nigeria??

Ofunaofu:
Show us Tinubu's statement

Unless you mean Tinubu is implementing Peter Obi's blueprint and muddling things up

Daystar7:
Ok, Obi is blabbing while ur lord and Saviour is busy futilely vacationing in different parts of the world with an entourage including his son while you're here constituting nuisance. Oponu

JagabanB:
Oh!!!
You don't know about Tinubu's statement?
From dèñying that Obi didn't say it to Tinubu's statement now?
U are pàthètic.

JagabanB:
You should pinpoint the false ones, he built rail systems?
He provided good fire service?
He provided water?
He built affordable schools and hospitals?
Was LGA functioning under him?
Tell me which one is faIse let's verify according to ur principal.