₦airaland Forum

Tayorshd87:
U people have block heads for talking Abt dollars day and night.. Is it dollars we use to eat and plant in our farms??
If dollar like make he be 20k don't u know when dollar was 200+ then that all d past administration are borrowing money to stabilize it 😲
So if you don't know am telling u now mtheew

Foreign exchange rate is the yardstick to measure the performance of every currency. So, you are the one with blocked head.

Audio reforms

cococandy:
That’s exactly what it is.

Even people I know who would have never asked for anything in the past due to having very comfortable jobs, didn’t have a choice but to reach out. And you can tell it was difficult for them to ask for help seeing as they’re used to being self sufficient providers prior to all this nonsense

You guys sending over to us here are really trying.

APC can continue with their propaganda we will always expose them anytime anyday.

seunmsg:
https://www.bloomberg.com/news/articles/2024-03-08/billions-pour-into-nigeria-as-tinubu-s-reforms-start-to-pay-off

. Masses are still finding it hard to eat in Nigeria
The reform is still a waste of time and a window for masses to suffer.

anungangampu:
The got rich by investing in their own people without segregation. They got rich by reducing corruption to minimal level. They got rich by rewarding merit( where a common man who has the brain can succeed), they also got where they are by making sure their economy was stable for a longer period of time, they got rich rich by making their country safe in a lengthy period of time.
Anything reason before this is another text book delusion born and bred under an escapist mindset.

SMH! You have no idea what Deng Xiaoping did for China. You guys need to educate yourselves before you come here to argue nonsense.

COMPAQ:
Y'all act like there is a simple straightforward solution for the economic crisis we are in. Sometimes things have to get worse before they get better.

And there's also light at the end of the tunnel.

Mtchewww

lexy2014:
if you say "When tinubu starts working", pls what has he been doing all this while?

are you saying Tinubu has been doing absolutely nothing in the last 10months?

Oh! He's been working alright.
Busy taking Nigeria backwards.

Only his d🤪🤪b followers have refused to admit it.

sunboy:
This is clearly propaganda. In as much as I have hopes that Tinubu will fix stuff…

Yes money will flow in mainly because naira got cheaper. Cheaper to buy assets now. It’s common sense. They are only taking advantage of the situation not like anything is improving YET. Maybe later but not yet.

Does anything improve overnight? If I give you N1bln, you can't put up a 5 Bedrooms mansion is 4 weeks, yet I can knock it down in 4 minutes.

What Nigerians need now is for prices to be stable. For that, we need exchange rate to be stable since we import a lot of stuff, including diesel for the transportation of most of what we import across the country. So it's a double whammy effect.

And for the exchange rate to stabilise, we need hot money coming in the short term, Since demand for imports cant be quickly reduced and oil production for dollar supply also can't be immediately increased.

By the time about half the population of Nigeria die of hunger from Tinubu's reforms, the West will be okay.

Till the dollar returns to where APC met it in 2015 before they ruined everything this will amount to nothing.

seunmsg:
Can you haters stop talking nonsense? Diaspora remittance is a major source of forex earning for Nigeria and sadly, it has been dwindling over the years. Under Buhari, Emefiele even started offering Nigerians in diaspora extra N5 for every dollar remitted yet, the response wasn’t so good. People in recent times preferred sending money to relatives at home through crypto and fintechs outside banking control.

Now that there is significant improvement, it means confidence is returning to the system. It is a good indication that the reforms are working. Only senseless and irredeemable haters will attribute this to suffering. People remit money home from all over the world. It has nothing to do with the high cost of living all over the world.

Shut up

seunmsg:
https://www.bloomberg.com/news/articles/2024-03-08/billions-pour-into-nigeria-as-tinubu-s-reforms-start-to-pay-off

Please no be statistics we go chop...... according to (Tinubu 2023)

Simply show us what you did and the effect ....

APC and TINUBU can't deceive us by making majority to mock Peter Obi that we won't chop Statistics and now you and your lamba creatures are offering Nigerians Statistics.....

What APC Government can't do....does not exist....

We'll get to see the effect in time
GOD BLESS NIGERIA
GOD BLESS ALL PATRIOTIC NIGERIANS
WE RISE!

seunmsg:
This is no propaganda as Bloomberg is not a propaganda platform like AriseTV and People’s Gazette.

Slowly, the reforms are paying off. It may appear little with minimal impact for now but in no time, the impact will be felt in all aspect of the economy. We just need to be patient and endure for a while, Mr. President will fix the economy.

You can't help him because the news isn't for someone like him. Their own type of news na bad news

@seunmsg, thanks for enlightening him. These days, as always, I see a lot of nonsense comments, devoid of logic, gaining likes, quotes and shares.

Take a look at Bloomberg's report in its entirety- where is the propaganda there? When will the sentiment-smitten separate their feelings from rationality?

The fact is that the reforms are beginning to bear fruits. And hopefully, they will translate into deliverables for the citizens. But because their preferred candidate lost the last election, they've elected to be in denial mode.

Deal with it!!!

seunmsg:
Can you haters stop talking nonsense? Diaspora remittance is a major source of forex earning for Nigeria and sadly, it has been dwindling over the years. Under Buhari, Emefiele even started offering Nigerians in diaspora extra N5 for every dollar remitted yet, the response wasn’t so good. People in recent times preferred sending money to rel atives at home through crypto and fintechs. outside banking control. Now that there is significant improvement, it means confidence is returning to the system. It is a good indication that the reforms are working. Only senseless and irredeemable haters will attribute this to suffering. People remit money home from all over the world. It has nothing to do with the high cost of living all over the world.

Have the forex earnings from global remittances so far been used to build infrastructure, or better the quality of education or the quality of health services or create employment or increase minimum wage or pay, at least, health subsidies? Or has it been used to further increase the allowances of senators and government officials?

Any country that depends so much on global remittances has grassroot problems that need to be fixed before anything else. (Read about the causes of unemployment and brain drain)

Now you said it has nothing to do with the cost of living? I'll explain to you like you're a five-year-old (because your cognition is apparently not far from theirs):
The purchasing power of the naira has decreased, meaning #100 can no longer be used to buy as many cups of rice for the Adamus as it could before; Now say the minimum wage is #100 and is still stuck on #100 despite this new fate of the naira (Mr & Mrs Adamu are minimum wage earners), they will no longer be able to afford the same quantity of rice they had been buying because the cost of food (which everyone needs to stay alive) has gone high and their income in Nigeria remains unchanged. As a result, Umaru who is their cousin and a medical doctor (who by the way left the country to offer his medical services abroad as a result of the poor standards of living back here in Nigeria) has to send them some money just so they survive. Now, the government generates some revenue as Umaru does this yet fail to increase the minimum wage of workers and improve the standards of living, hence; to the detriment (sacrifice) of the masses, the government can get more global remittances.

It will do this country a great deal if asinine, irredeemable followers like you told yourselves some home truths.

mariahAngel:
Oh! He's been working alright.
Busy taking Nigeria backwards.

Only his d🤪🤪b followers have refused to admit it.

true talk

seunmsg:
This is no propaganda as Bloomberg is not a propaganda platform like AriseTV and People’s Gazette.

Slowly, the reforms are paying off. It may appear little with minimal impact for now but in no time, the impact will be felt in all aspect of the economy. We just need to be patient and endure for a while, Mr. President will fix the economy.

Keep shut!!! Cheap paid propagandist.

I think it's all because the naira has fallen that why people r remitting dollar back where the can buy a lot with little

Forger in chief already spreading lies

COMPAQ:
Does anything improve overnight? If I give you N1bln, you can't put up a 5 Bedrooms mansion is 4 weeks, yet I can knock it down in 4 minutes.

What Nigerians need now is for prices to be stable. For that, we need exchange rate to be stable since we import a lot of stuff, including diesel for the transportation of most of what we import across the country. So it's a double whammy effect.

And for the exchange rate to stabilise, we need hot money coming in the short term, Since demand for imports cant be quickly reduced and oil production for dollar supply also can't be immediately increased.

Before you write that article you should have digested my message. I never said anything would happen over time, so should Bloomberg not make it sound like the policies are suddenly working overnight.

It feel like that Bloomberg post was govt sponsored, if you always agree with me that policies don’t work overnight.

Paid foreign media and suspicious news coming from one APC addicted supporters.

lexy2014:
how do you hope that Tinubu will fix things?

who destroyed what you are expecting him to fix?

This questions you’re asking now I don’t know if I should begine to answer or just ignore you.

Tinubu didn’t get there yesterday and mess things up, his policies are supposed to fix things. Give him time or kick him out!!!! You are a citizen, you have the power.

seunmsg:
This is no propaganda as Bloomberg is not a propaganda platform like AriseTV and People’s Gazette.

Slowly, the reforms are paying off. It may appear little with minimal impact for now but in no time, the impact will be felt in all aspect of the economy. We just need to be patient and endure for a while, Mr. President will fix the economy.

Didn't I tell ya'all that the total remittance sent to that country by Nigerians living in the diaspora is close to being enough to satisfy the total Forex requirement of that country annually? That is about $21B. Mismanagement has always been the issue. Cardoso is showing some initial knowledge regarding what the problem is about. I never signed off when it comes to Tinubu's administration but his choice of Cardoso so far I will give him a thumbs up judgment is still out.

sunboy:
This questions you’re asking now I don’t know if I should begine to answer or just ignore you.

Tinubu didn’t get there yesterday and mess things up, his policies are supposed to fix things. Give him time or kick him out!!!! You are a citizen, you have the power.

that is not what I asked you.

how do you hope that Tinubu will fix things?

who destroyed what you are expecting him to fix?

ElSudani:
So, in your warped estimation nothing is being felt in the economy?
Why are you guys never positive about your country

Because they are sick, demonic people.

IPOB turned Emergency Nigerians.

seunmsg:
This is no propaganda as Bloomberg is not a propaganda platform like AriseTV and People’s Gazette.

Slowly, the reforms are paying off. It may appear little with minimal impact for now but in no time, the impact will be felt in all aspect of the economy. We just need to be patient and endure for a while, Mr. President will fix the economy.

😁 Anyone can post an article on Bloomberg

There's a huge difference between propaganda and reality. The propaganda here is that the cursed man Bola Tribulation has turned Nigeria into an El Dorado while the reality is that Nigerians are hungry, sad, destitute, hopeless and jobless. So you can choose between propaganda and reality.

Where he pour put

seunmsg:
This is no propaganda as Bloomberg is not a propaganda platform like AriseTV and People’s Gazette.

Slowly, the reforms are paying off. It may appear little with minimal impact for now but in no time, the impact will be felt in all aspect of the economy. We just need to be patient and endure for a while, Mr. President will fix the economy.

Silly liar.

Does the name of the contributor of that piece, Emele Onu sound like a Bloomberg staff?

Was that article beyond five sentences?

Was any accurate, exhaustive statistics referred to?

Unbranded oaves everywhere.