₦airaland Forum

Quelme:
Tinubu is really trying his best to fix the country. Nigeria was already on life support before he came onboard. Lets give him more time.

slowpoke

If someone ever told me I will some day see the naira exchanging for #1800/1$ I would have called the person insane.

CodeTemplarr:
What is the connection between fuel prices and Naira value. If any, higher fuel prices should reduce forex demand and thus strengthen the Naira.

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We all will turn to students of statistics and data interpretation. For this government, we will learn practical statistics while living with the benefits of our choices.

[quote author=Quelme post=132366102]Tinubu is really trying his best to fix the country. Nigeria was already on life support before he came onboard. Lets give him more time.[ more time to finish up the economy...the way u tinubu zombies reason is strange to normal human beings

yesloaded:
Naira lost over 50% of original value within just 1yr

If you don't know where you are heading at least go back home

Slight reversal of floating policy will strengthen naira to an extent

Floating of naira & removal of fuel subsidy is killing the economy

there is no economy in the world that doesn't survive on subsidy, subsidy is good

maxiuc:
there is no economy in the world that doesn't survive on subsidy, subsidy is good

Exactly

Taich:
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We all will turn to students of statistics and data interpretation. For this government, we will learn practical statistics while living with the benefits of our choices.

Like Edo people made their choices abi.

'If we reduce the purchasing power of the people,we can further slow down the economy...'
Which of the following president of Nigeria made this statement?

A.Asiwaju bola Ahmed Tinubu
B.Olusegun Obasanjo
C.Goodluck Azikiwe Jonathan
D.Buhari

BAT just giving it to Nigerians hot 🔥 hot 🔥, and back to back!

Shooting from both ends, PMS and FX rates. .

We go learn by force. .

I think at this point Nigerians should start to question if indeed they’re collectively being punished for past transgressions! They’re seeing shege on biblical levels….almost akin to the plagues visited on Egypt!

Taich:
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We all will turn to students of statistics and data interpretation. For this government, we will learn practical statistics while living with the benefits of our choices.

Nigerians are fast learning to crunch the numbers even without recourse to attending a crash course in economics!

iwaeda:
https://punchng.com/naira-drops-further-as-nnpcl-hikes-fuel-prices-again/

Which useless report is this? Full of anonymous reports that cant be substantiated!

Exchange rate can cause the price of petrol which is dependent on it to fluctuate.

How is increase in price of petrol increasing demand for forex!? It should mean less, as people drive less. The roads in Lagos have been a bit freer in recent months and folks drive less.

We better all learn to conduct business online. And make money passively or online too.

LOVEALAIGBO:
I think at this point Nigerians should start to question if indeed they’re collectively being punished for past transgressions! They’re seeing shege on biblical levels….almost akin to the plagues visited on Egypt!

Perhaps!! With all our plenty sins in the following areas:

ritual killing
yahoo. yahoo
drugs
kidnapping
fornication and adultery
runs and hookup (nicer names for prostitution)

Just 18 months Tinubu has successfully damaged the economy. USELESS GOVERNMENT.

Imagine the politics of failure they said a mandate thief drug baron without any record of achievement except stealing Lagos state money through alpha bta , was going to teach Peter Obi

Quelme:
Tinubu is really trying his best to fix the country. Nigeria was already on life support before he came onboard. Lets give him more time.

please can you tell him to put Nigeria back on the life support that he meet it instead of killing it totally 🙏🙏🙏🙏

Naira devaluation, increase in the price of petroleum products, and general inflation are caused, in part at least, by external loans.

Nigerians heading from balablu to bulaba

Good for us. Nigerians deserve what they get. Thankfully, we are all in it together. Even Freestuffng, Helinues, Mannagrill, Yarimo, Racoon, etc.

Do you need facility to finance a project or you've got an order which you need finance to facilitate?
Kindly reach out to me on 09159722228 & 07067765504

I honestly think Nigerians are the most docile people on this planet! No wonder the whites and every other race were able to enslave blacks! Crazy!

Naira don reach nearly 1900 again?
Tinubu and Apc na curse sha

God Save Our Country.

yesloaded:
Naira lost over 50% of original value within just 1yr

If you don't know where you are heading at least go back home

Slight reversal of floating policy will strengthen naira to an extent

Floating of naira & removal of fuel subsidy is killing the economy

That ship has sailed unfortunately. People are now wiser. Reversing the naira floating will make people to buy up dollar and keep.

He really didn't think up that policy before implementing on his swearing in.

He should focus on petrol pricing. Add petrol subsidy and put men in place to check smuggling.

Personally I doubt if smuggling of petrol was such a big deal as it was portrayed before subsidy removal. But still, tightening up our borders will never be a waste of resources.

Kelklein:
■ It's called running round a circle..Nigerians are still enjoying it. When they have had enough, no be person go tell them.
Still nobody in this government has been able to explain in simple English (they don't even bother to) how devaluing your currency would create jobs and then improve the conditions of the people.. because that is the biggest problem the people face that we don't talk about enough.. how has devaluing the Naira from 450 to 1650 created any jobs in the last 17 months. Rather it's been hardships upon hardships.. penury upon penury.. job losses upon job losses..
■ the IMF people want you to devalue before they borrow you money because that's their only guarantee of a stronger currency than your own.. it's essentially to keep you poorer. And over here, it's a double-edged sword when you add stealing.. Do the Nigerian people really deserve this..🤔

I still don't understand why those monkies devalued the Naira.

2. If you read the IMF recommendation to Nigeria, devaluation was not even at the top of the list. So why did Nigeria refuse to implement everything else but go straight to devaluing the Naira? IMF is not at fault for what took place under this or any other administration in the last 25 years. These morons in office are 100% to blame for their foolish decision.

discusant:
The government's promise of stabilisation of Naira exchange rate against the Dollar at the entrance of fuel from Dangote refinery vanishes in thin air.

How can the government stabilize its economic when it is practically produces nothing but imports most of what its over 200 million population uses every single day? We all knew the promise was a lie from the beginning but Nigerians love being lied to.

Think about it! How can just one company stabilize an entire economy of over 200 million people? It wasn't that Dangote planned to hire at least 50 million Nigerians or something along those lines, so how could it have been true?