₦airaland Forum

https://www.youtube.com/watch?v=LUF3Ule4j04?si=VfgDlxZPXcc2y3tI

The CBN Governor, Yemi Cardoso, has addressed concerns regarding the decline in Nigeria's foreign reserves. He clarified that the CBN under his leadership does not have plans to depend the Naira and emphasized that Nigeria has financial obligations that must be met.

Cardoso also mentioned that $600 million entered the country yesterday.

Imran Muhammad

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Hahahahah.. So that is to say you are unintentionally defending the naira

Una go explain tire. Government of propaganda, for propaganda and by propaganda. Una go soon run the country down.....make una kwantinue. To the agbadorians below mentioning me, una go quote tire. No reply cuz me and anything deranged can't be in the same sentence. Una go soon cry blood.

So basically, it's not your intention but you're doing it anyway. Then why float the naira? Why put us through all this suffering only to go back and be doing the same thing after things have become worst?

Is it that these guys don't think before making decisions? They removed subsidy and floated naira at the same time. Dollars shot upwards immediately and by the time they realised they had made a mistake and decided to go back to paying subsidy and supporting the Naira just as Buhari was doing, the dollar equivalent of the 400Billion Buhari was paying for fuel subsidy monthly has become over 900 Billion.

Now they're paying 600 Billion as subsidy. To get us back to the 200/lt we were paying before, they will have to pay the full 900 Billion plus. So tell me, why didn't these guys just continue with Buhari's style? They wanted to be different. Now see where it has landed us? Unprecedented suffering while subsidy is STILL being paid. Why then did we suffer? Why then did we have to go through all this hardship?

What's worse is that most Nigerians don't know the all what I've just said because the APC are masters of propaganda. They know that our achilles heel, our weakness, is tribalism. So they make you more worried about Peter Obi being a pretender, or Bobrisky going to jail for 6 months, and other frivolities, just to distract Nigerians from what is most important. Most people don't even know that they're SUFFERING FOR NOTHING! SUFFERING FOR ONE MANS FOOLISHNESS!!

Bola Tinubu, the least you can do is atleast own up to your mistakes and apologise to Nigerians. You owe us that much. A LOT of people have lost their jobs, companies have folded, people have committed suicide, marriages have ended, futures have been derailed and dreams shattered, all because you made a life altering decision out of the sheer euphoria of being sworn in as commander in chief. Baba, do the honourable thing and apologise to Nigerians. At least we can start the healing process from there.

Why mentioning everything publicly?

COMRADES, lies from the CBN governor, APC's miscreants thought that tinubu would make them have 'bipolar disorder' unfortunately they didn't know that Tinubu would make Nigeria a living hell for them

as you can see CBN are trying to maintain liquidity not defending the naira.
Some people have been explaining this stuff that people are just speculating.
CBN cleared forex backlogs and paid several debt is it your extra free donations that did that?

Last last pressmybutton and the other guys like legendHero are right.
No be sey I dey support APC but respect Lagos men

socialmediaman

So what does this mean ? 🤷‍♂️

Come out straight

It seems I don't understand English anymore.
What is he actually saying?

Lol CBN Governor is high..

[color=#1986BC] I don't see the need of a hullabaloo on the size of our foreign reserve, especially if it's used in something as crucial as improving the intrinsic value of the currency used and transacted by millions of Nigerians. If 2Billion$ helps to push naira from 1900 to 1100, then say another 4Billion$ can help us get to at least 200 naira. Now if 1$ equals to 200# in 2024, you wouldn't fail to realize that cash and savings of millions Nigerians just got far more valuable . What's the need of a foreign reserve, if it cannot help to execute crucial macroeconomic function we just highlighted before....And las las, we have crude oil sales to replenish the reserve...[/color]

Hmmm. Oga Cardoso should be careful granting interviews on issues of exchange rate.

The saboteurs are waiting to capitalise on any loophole.

Nigeria, under this government do not have any solid fiscal policy. Everything seems to be tentatively driven. No great Nation can depend on that.

Absolutely!

Go ahead

nlfpmod:

https://www.youtube.com/watch?v=LUF3Ule4j04?si=VfgDlxZPXcc2y3tI



Imran Muhammad

E be like say dem don scam us again. So naira go fit dey fall again anytime soon.

As Nigerians let us spend our currency. Almost every major sector before was changing Naira to the Dollar. Oil and Gas, Real Estate, Aviation, Government. Let's all strengthen our own money.

Thank you Cardoso

Though I didn't support this govt from onset....but I kinda believe and have confidence in TINUBU administration now... Whatever Tinubu, wale and Cardoso are doing, they shouldn't stop...press that dollar neck no let ham breath

Why are people in this country given to unnecessary ambiguity for chrissakes! He left more questions than answers behind, after he broached the topic himself without prompting. A simple yes or no would have just sufficed, not all this meaningless rigmaroles. Wetin concern intentions inside the matter wen you no be Justin Bieber. It’s a psychological fact that only liars avoid giving straight answers to simple questions.

The government or its supporters
Who is stupider