Dollar is rising

LegendHero:
This is what we have been telling them that they are shouting defending defending all about.

You have debt obligations, won’t CBN pay it? The FX reserve is not meant to be stagnant, it will rise and fall based on how money comes in and how CBN fulfill obligations.

May God bless Obasanjo, Atiku, Jonathan and Yar Adua.
Due to them, Nigeria experienced economic bliss for a short while. I am afraid it gets worse from here.Except for divine intervention, we are cooked.

Nigeria is in autopilot where money misses without traces. Indeed apc is a curse.

Darling Daddy really did us dorty.

ozo13:
When you see some people speak how happy they are the naira is loosing it value against the Dollars u will weep for Nigeria.
Factors involve include greed, some of there candidate lost election and so they prefer the Nigeria get it wrong for them to prove a point.
I don't know if this is the way it is done in advance economies.

In advanced economies, wishes mean nothing...!

Incorruptible and technocratic leaders with vision push their nations and citizens into realms of massive development.

Till tomorrow, there are many citizens of America, UK, Canada, China, Russia, etc, who wish their nations evil... But, they keep soaring.


It reeks of misplaced emotions to gaslight your fellow citizens for wishing Nigeria evil rather than wondering why those directly involved in setting the nation right keep failing in their responsibilities.

Bloomberg.

What happened to our local media news outlets?

Foreign media house helping Nigerians tell us what's happening in Nigeria?

Is this a serious country?

helinues:
How about the debts we serviced?

All this pokenosers self. The government never said they defended Naira

Like seriously 🙄

Dannyset:


Some dumb individual shouting CBN is defending the Naira will still not understand

No valid explanation. We are still paying debts in billions of dollars.

DMerciful:
How did Buhari who was hitherto seen as a man of integrity ran a government of kleptocats?

He was an inept kludge

And no body is saying this is propaganda from Bloomberg.

Abi blooming has been bribed ni?

oluwaseyi0:
hope they are not selling half and keeping half

Everything has been explained in that article. These transactions are not hidden so how can they sell half and keep half...what does that even mean?

Can Bloombergs just get the Bleep with their fake news already?


Cbn is still cleaning up the mess of their fake post yesterday.

Can't these useless foreign media just leave us the Bleep alone?

ozo13:
When you see some people speak how happy they are the naira is loosing it value against the Dollars u will weep for Nigeria.
Factors involve include greed, some of there candidate lost election and so they prefer the Nigeria get it wrong for them to prove a point.
I don't know if this is the way it is done in advance economies.

Some Nigerians work remotely and earn in hard currencies.
It is to their advantage if the Naira depreciates. This is reality and nothing to feel guilty about.

When we tell you people to vote in sound economists, enlightened individuals, technocrats, non-criminal minded individuals and leaders who are not greedy or power hungry, it is to avoid situations such as this.

Some people are ranting because if their candidate were in Aso Rock things wouldn't be as they currently are.

It was not like this with Obasanjo, Jonathan or Yar'Adua.

Check Buhari's economic policies as head of state and compare it with his performance as president and you'll see that the mindset and leadership ability of a presidential candidate matters.

You can afford to mismanage your business but not the economy of a nation.

Nearly all of Tinubu's economic policies have fallen through right from his famous removal of fuel subsidy without consultation and cushioning policies.

This is a rudderless administration.
There is nothing to defend here.

DMerciful:
How did Buhari who was hitherto seen as a man of integrity ran a government of kleptocats?

Because Buhari had partners in Crime, people like " EMI LO KAN " Tinubu Promoter Buhari as the best president.

Angelfrost:


In advanced economies, wishes mean nothing...!

Incorruptible and technocratic leaders with vision push their nations and citizens into realms of massive development.

Till tomorrow, there are many citizens of America, UK, Canada, China, Russia, etc, who wish their nations evil... But, they keep soaring.




It reeks of misplaced emotions to gaslight your fellow citizens for wishing Nigeria evil rather than wondering why those directly involved in setting the nation right keep failing in their responsibilities.

Very daft analogy!

So in the UK and US, there are citizens who become happy when bad things happen to their Countries?

Same UK and US, that I know?

People will starr laughing when their currency loses value?
Was that not one of the things that got Liz Truss into trouble?

So if your candidate lost, the Country should burn instead?
You are evil!

Deji Adeyanju was right afterall

ozo13:
When you see some people speak how happy they are the naira is loosing it value against the Dollars u will weep for Nigeria.
Factors involve include greed, some of there candidate lost election and so they prefer the Nigeria get it wrong for them to prove a point.
I don't know if this is the way it is done in advance economies.

APC start this kind of politics in Nigeria, so please don't defend them, we need more people to criticize government, maybe with that they will get it right.

stop importing nonsense into Nigeria, stop paying school fees to foreign nations, let those school have annex here and get paid in naira stop public servant trooping overseas. Nigerians stop sabotaging yasef and shouting dollars!!! STOP HAILING AND supporting ya elite reckless lifestyle of foreign goods.
govt boost our electric p[ower,build our refineries, create business friendly environment for our manufactures, lets produce our foods per hold house, produce our vehicles etc. IF AIRFARES CAN CRASH DRASTICALLY NOW,THEN DOLLAR TO NAIRA WIL CRASH TOO.

DMerciful:
How did Buhari who was hitherto seen as a man of integrity ran a government of kleptocats?

Obstinate self-righteous ignoramus with a Messiahanic complex.

You're doing the totally wrong thing, yet, you won't take correction.

It's a recipe for disaster any day.

DMerciful:
How did Buhari who was hitherto seen as a man of integrity ran a government of kleptocats?

But you guys voted for him 2x and called others waillers?
Same folks in govt today supported him for 8yrs and went ahead to campaign thar they would continue with his policies lol

How can you say i voted Buhari? Are you new on nairaland?

BigIyanga:

But you guys voted for him 2x and called others waillers?
Same folks in govt today supported him for 8yrs and went ahead to campaign thar they would continue with his policies lol

You quoted the wrong person

grandstar:


Obstinate self-righteous ignoramus with a Messiahanic complex.

You're doing the totally wrong thing, yet, you won't take correction.

It's a recipe for disaster any day.

EmeeNaka:
What are these external debts?
Are they the loans that Buhari embezzled?

Which loans? Which debts? HA HA!

NIGERIA'S GDP SIZE — HOW BIG WAS THE ECONOMY?

1999 — $57.48 billion, 51st largest economy globally

2006 — $222.79 billion, 33rd largest economy
2007 — $262.22 billion, 34th largest economy

2009 — $297.46 billion, 32nd largest economy
2010 — $369.06 billion, 30th largest economy

2014 — $568.50 billion, 22nd largest economy
2015 — $492.44 billion, 24th largest economy

2022 — $477.38 billion, 32nd largest economy
*2023 — $374.95 billion, 42nd largest economy

*In 2024, Nigeria's economy is estimated at $252.74 billion, making it the 53rd largest economy.

source: Statisence

me: it's worthy to note, that from 2015-2024, the GDP dropped backward to the level of 2007. That is 17 years backward. do whatever you like with that data.

helinues:
How about the debts we serviced?All this pokenosers self. The government never said they defended Naira

It never did But as soon as the Government eased off the reserves, the value of the same Naira began to plummet again...Interesting, right! The value of the Naira has already fallen back to where it was on April 5th as we speak.

The more you look the less you see

This "shalaye" of a thing is not needed
So far you have did the right things
Your conscience is clear
Posteriorly will surely remember you
Of course for good

ozo13:
When you see some people speak how happy they are the naira is loosing it value against the Dollars u will weep for Nigeria.
Factors involve include greed, some of there candidate lost election and so they prefer the Nigeria get it wrong for them to prove a point.
I don't know if this is the way it is done in advance economies.

You are kidding, right? Your politicians are purchasing houses and paying school fees in dollars. DO you think they are concerned for your sake?

Nigerians still need to produce home.
But good as we are blocking financial loop holes slready

HBB1:


Very daft analogy!

So in the UK and US, there are citizens who become happy when bad things happen to their Countries?

Same UK and US, that I know?

People will starr laughing when their currency loses value?
Was that not one of the things that got Liz Truss into trouble?

So if your candidate lost, the Country should burn instead?
You are evil!

You sound very dull, and you've the guts to call me daft?!!

So, evil people only exist in 3rd world nations?!!

What exactly has the wishes of everyone in a nation got to do with good leadership?!!


Till date, there are supporters of Trump that speak ill of Biden and America... Research instead of rushing to defend aimlessly.


Tinubu has been voted and elected into office... What's the business of the good and bad citizens with the economic decisions he makes in that sensitive office?!!

Maybe haters of Nigeria among the citizens are the ones padding budgets, and siphoning billions meant for welfare of citizens.


Instead of you dimwits to focus your energies on those directly and indirectly in charge of transforming the fortunes of this nation, you are more concerned about image and other frivolities.


Abeg don't ever quote me with such nonsense and obtuse talk again. SMH.

Kobojunkie:
You are kidding, right? Your politicians are purchasing houses and paying school fees in dollars. DO you think they are concerned for your sake?

Don't mind him, let him keep defending his oppressors.

ozo13:
When you see some people speak how happy they are the naira is loosing it value against the Dollars u will weep for Nigeria.
Factors involve include greed, some of there candidate lost election and so they prefer the Nigeria get it wrong for them to prove a point.
I don't know if this is the way it is done in advance economies.

Oga you are weeping for the wrong people and blaming the wrong people.
Here are the people you should blame.
1 The Tinubu gov whose economic policies have pushed Nigerians to great suffering and reduced productivity.
2. The idiots that voted for this government.
Please forget other presidential candidates and those laughing. They are not the cause of your problem.