Nigerian has intelligent people, our problem is taking positive advantage of the intellectuals that floods our nooks and crannies.

Oya tell give us suggestions Sir

You are a senator which company do you have ? You still send your children abroad and steal to pay fees in dollars

If all Nigerian politicians have a business that Employ thousands in Agriculture this country will be better
No be by taking show workings

michlins:
Forget, Ned is very intelligent. He said some very important points which if not just Nigeria but Africa can implement will take off some of the burden of trade

Lol, you think he became rich by being stupid.

michlins:
Forget, Ned is very intelligent. He said some very important points which if not just Nigeria but Africa can implement will take off some of the burden of trade

He was talking theory. In reality who will buy your naira denominated oil? No one!

Let them keep deceiving themselves with their "fire brigade" lies!

Whatever measure the CBN is taking now is just a necessary stopgap until.the government get things right

/
Ned knows that his suggestions won’t work because the economic blueprint of Nigeria is handed down by the colonialists via IMF, World bank. Why do you think Nigerian politicians find it more important to go to Chatham house than engage in public debate in Nigeria? US dollars is the world reserve currency. Nigeria cannot dictate what currency to sell their oil when they do not control oil price and the market. Sometimes they find it difficult to find buyers.

1% control the country. 4% are their puppets. 90% are asleep. 5% know and try to wake the 90%. The 1% use the 4% to prevent the 5% from waking the 90%. This scenario is obtainable in politics and religion. It is the world’s comfort zone.



/

According to him, as a nation that exports crude oil and other commodities globally, it is imperative that all transaction on these items be conducted exclusively in Naira. For me this is what I always tell people must we trasact in dollars, imagine the resent news about Yaya bello, how can a school or any organization within be transacting in another country currency and thereby killing their own.

michlins:
Forget, Ned is very intelligent. He said some very important points which if not just Nigeria but Africa can implement will take off some of the burden of trade

Forget am bro, all this thing, dem dey write am give person to present...

Assuming Nigeria was free from debt or at least have a favorable balance of trade, then this might work. But Nigeria need to prove that it can back debts or at the minimum the interest on those external debts. Remember also that Nigeria like to borrow and are still borrowing. Which creditor would give money to a country on life support? If foreign reserve is depleted, it will affect the local currency. These reserves are used for direct financing of international payments imbalances. It is a buffer or prove of confidence to pay international debts. There are also used for indirect regulation of the magnitude of such imbalances through interventions in foreign exchange markets. This is where it becomes tricky because a lower reserve would affect the exchange rate of the country's currency.

SmartyPants:


He was talking theory. In reality who will buy your naira denominated oil? No one!

Thank you!
It doesn't work that way...
Even the looters want more of dollars transaction to loot...
Economy instability in Naija doesn't affect the elite, they cashout real big

Indabosky “the liquid metal” is back, dollar will fall against the Naira.

Politicians are part of the problem.

A hopeless economic team.

The Nigerian economy would have rebounded a long time ago if the goodwill was there.
Have you asked yourself: In what ways have they taken advantage of the Ukrainian war ever since it started, to shore up our export earnings?
That's, besides crude oil?

Ukraine is known to supply 70% of the world's wheat and other food commodities; has our economic teams bothered to look into this and see ways of taking advantage of Ukraine's time off from activities?

The answer is NO.

The black man is always busy looking for short cuts.

TouchNfollow:

https://www.vanguardngr.com/2024/04/no-short-cut-to-naira-appreciation-says-ned-nwoko/

They're busy paying school fees with billions 🤦🏿‍♂️🤦🏿‍♂️

Sermwell:
A lot of Nigerians are gullible!! I trust Tinubu to finish them with propaganda

How can a sane person be supporting this useless government??
How can I be supporting a useless government just because the president is my tribesman!!??
Woe betide any man from Edo State who will head this country and expect me to keep quite in the face of hopelessness!!

That's why I have said that I must contest election and win in 2027!! The masses are incredibly stupid!

I think you are the stupid one here. Do you really believe the mass determine who gets elected in any major political post in this country?

If you like contest from now till your death if you have no strong political and monetary backings,you shall never smell the corridor of power in this country.

You think the masses make tinubu or buhari the president? Or you believe the masses unsit Jonathan?


Bro better wake up from your self-delusions.

SouthSouth1914:
Says someone who spends and save in dollars! Some people are more equal than others- Animal Farm!

Saving in dollars is personal decision and how is that in the matters that concern the nation?

federalgodey:
But there's short in marrying minors

Grow but you say no... At your age, still reasoning like a baby.

“This will incentivise buyers to seek out Naira, thereby driving its appreciation due to increased demand and scarcity.
“Moreover, the foreign reserve policy warrants reassessment. The practice of maintaining reserves in foreign jurisdictions, termed “foreign reserves,” is not only objectionable but also counterproductive to Nigeria’s economic sovereignty.

Still same thing. If a buyers of crude has to buy naira to buy crude he will be relinquishing his own currency and that is forex.

What do you expect...?
When the head is rotten then the whole body is already decomposed.
* Only in Naija someone takes cash in Bullion van.
* Only in Naija, someone buy his way to power with Dollars.

Macdeey:

Ned : Baby I have to warn the CBN Governor because the Dollars Wey I buy and hoard that Mumu Cardoso wan useless am for me

Aunty Regina : Eehn !!! You mean am ? Our Money don dey drop 😡😲😲😲

You should find something meaningful to do with your life. This is not funny at all.

Okay

ifytrik:
Ned is a hypocrite just like any other Nigeria politician, they are only good at giving good advice but will never do the needful

So what's your point? The issue is ₦ not Ned

Says one of the people actually responsible for its fall.
Jokers.

BeigJawnson:


Saving in dollars is personal decision and how is that in the matters that concern the nation?

Can’t explain to someone who doesn’t get. Thank you and move along!

Melagros:
COMRADES, I hope that cardoso, tinubu, apc and all the APC's miscreants on nairaland are taking notes

Those benefiting from our economic woes are mute on naira land.
When the head is rotten, the whole body is already decomposing.
* Only in Naija, an individual carry cash in Bullion van
* Only in Naija, someone spread dollars all over the country just to ascend the seat of Power.

federalgodey:
But there's short in marrying minors

Did he marry a minor?

Badmashiii:


I think you are the stupid one here. Do you really believe the mass determine who gets elected in any major political post in this country?

If you like contest from now till your death if you have no strong political and monetary backings,you shall never smell the corridor of power in this country.

You think the masses make tinubu or buhari the president? Or you believe the masses unsit Jonathan?


Bro better wake up from your self-delusions.

Who are the hired tugs who go to disrupt the election process?? Who are hired protesters in favour of the thieving politicians?? Who are those who come online and offline to defend the government??
You're still living in denial but your eyes go soon clear

TouchNfollow:

https://www.vanguardngr.com/2024/04/no-short-cut-to-naira-appreciation-says-ned-nwoko/

So Ned is this intelligent n knows d right thing n still he dey pursue virgins around d globe

I thought they said when Dangote start selling it will ease pressure on naira, that they are using a big percentage for importation of petrol, diesel. I dey surprise for this country o.