₦airaland Forum

Even Libya wey we dey whine

Na statistics we go chop..
Una never see anything yet

Isn't that what they want, they should clap for themselves..

Oya, Reno omocricket over to you

LadyExcellency:
Next year or two, when it appreciates to N1200, they will call it the best-performing currency.

The World Bank and IMF deceived Buhari and Tinubu into destroying the economy and degrading every social class in Nigeria.

That was their main plan. To degrade and reduce the spending power of Nigerians. They are achieving it already.

The doomed dingBAT is all shades of disasters 💯💯💯🔊🔊🔊

Lalami3232:
What a country!!!
With Tinunbu's track record in Lagos and what I'm seeing now, it's obvious that something is seriously wrong somewhere. I see no Messiah in any of the current politicians
Anyways, what's our position in corruption, procrastination, tribalism and ritualism? We can't be below in all things, we need to see other results. We can't be below in everything na.
What do I even know sef aside enlightening my fellow men nationwide with the good news

How old were you when Tinubu was governor of Lagos. Tell me what he did as Lagos state governor. His jazz is really working on most Nigerians.

Seefinish:
T. Pain the first class Chicago Accountant is doing wonders with our currency

Master strategist for that matter oooooo.

IfnobeGod20:
In Yoruba there is a common saying, oju to ma ba ni kale kin wapin lo wuro (the eye that would last long, doesn't bring out eye gunk early in one's life). The policies would not work because we are oil dependent and foreign goods dependent. Oil powers our economy and we are not producing anything for export. Until these two issues are taken care of. The policies would not work. Stop giving yourself false hope my brother.

firstly, subsidy is gone, this makes a regime where govt can use the funds for something else.
Secondly, No multiple fx windows, this means u will be buying dollar same amount that the elites will buy too, it calls for competition in doing business in Nigeria and promotes local production from every Nigerian that wish to.

Thirdly, Larger percent of our import was from oil, that bottleneck is gone too thanks to Dangote refinery.

I don't know why people aren't seeing this

LadyExcellency:
Next year or two, when it appreciates to N1200, they will call it the best-performing currency.
The World Bank and IMF deceived Buhari and Tinubu into destroying the economy and degrading every social class in Nigeria.

Nonsense!

The world bank/IMF did not decide your Nigeria. Rather, your Tinubu and Buhari deceived you by blaming the IMF and world bank like IBB before them did.

chrisxxx:
IMF blowing hot and cold. They would ask us to borrow when we do they say we are borrowing like urchins.
They say devalue your money when we do , they say our money is next to bread label in worthlessness.

Meaning that una no have any brain on what to do. I thought your god has been preparing foe this position since he was born.

So go here, una go. Stop, una stop.

depreciation is by 300%
not what you conspirators stating falsehood

LadyExcellency:
Next year or two, when it appreciates to N1200, they will call it the best-performing currency.

The World Bank and IMF deceived Buhari and Tinubu into destroying the economy and degrading every social class in Nigeria.

World Bank and IMF did not. Why lead a country when you have no iota of sense on what to do? How can one want to achieve high performing leadership with the hope that these bodies.will guide him?

This is the consequence of being a president just for the name of it.

repugnant Demons

Balkan:
World Bank and IMF are criminal organisation which their main mission is to continue to destroy Nigeria with lies and propaganda. Imagine, Naira that has been depreciated over 200% and world Bank is saying 43%

World Bank is evil

Focusmind:
No be una advised us make we devalue our currency and remove subsidy.

Are you not ashamed to say this? So una no get any sense on what to do before grabbing it, snatching it, and running with it?

treesun:
https://www.vanguardngr.com/2024/10/naira-among-worst-performing-currencies-in-sub-saharan-africa-depreciates-by-43-in-2024-world-bank/

That Omokirikiri wont see this one.Naija and nonsense na 5&6

treesun:
https://www.vanguardngr.com/2024/10/naira-among-worst-performing-currencies-in-sub-saharan-africa-depreciates-by-43-in-2024-world-bank/

I thought Tpain has been has been growing our foreign reserves and economy

Elusive001:
■ World Bank and IMF did not. Why lead a country when you have no iota of sense on what to do? How can one want to achieve high performing leadership with the hope that these bodies.will guide him?
This is the consequence of being a president just for the name of it.

The reforms suggested by the World Bank, many of the same reforms that were part of SAP(1986-1992), and eventually implemented by Obasanjo, although many rolled back during Yar Aduas time in office — are really common-sense reforms that are needed in Nigeria to this day. Many of these reforms have been made into policies however, a problem comes up when it comes time to implement them as the government does not have the will to put in place these measures that will reduce their powers.

Obasanjo was able to begin the successful implementation of several of the same reforms between 2002 and 2007, and I suspect he had sought a third term in office to ensure the reform implementations were maintained beyond 2007. But we all know how that never happened, and Yar adua put a cock on things.

LadyExcellency:
Next year or two, when it appreciates to N1200, they will call it the best-performing currency.

The World Bank and IMF deceived Buhari and Tinubu into destroying the economy and degrading every social class in Nigeria.

💯

Lalami3232:
What a country!!!
With Tinunbu's track record in Lagos and what I'm seeing now, it's obvious that something is seriously wrong somewhere. I see no Messiah in any of the current politicians
Anyways, what's our position in corruption, procrastination, tribalism and ritualism? We can't be below in all things, we need to see other results. We can't be below in everything na.
What do I even know sef aside enlightening my fellow men nationwide with the good news

Please I beg you in the name of GOD Almighty, tell his track record as the governor of Lagos State.

Kobojunkie:
The reforms suggested by the World Bank, many of the same reforms that were part of SAP(1986-1992), and eventually implemented by Obasanjo, although many rolled back during Yar Aduas time in office — are really common-sense reforms that are needed in Nigeria to this day. Many of these reforms have been made into policies however, a problem comes up when it comes time to implement them as the government does not have the will to put in place these measures that will reduce their powers.

While at that, no policy no matter how excellent it is can work when Corrupt, greedy, evil, power-drunk, wicked men are in leadership or are to implement it.

Elusive001:
■ While at that, no policy no matter how excellent it is can work when Corrupt, greedy, evil, wicked men are in leadership or are to implement it.

Yes, finally, Nigeria has reached the point where it can no longer continue kicking the can down the road as far as corruption is concerned. Corruption has become a blackhole that can not and should not be ignored or Nigeria risks becoming a failed state by 2030.

richmond500:
There are people that believed this news from world bank but won't believe that the reforms by this administration will help the country from the same world bank.

They just love bad news only

Stop deceiving your self zombiee, there's reform of any kind by this regime.

Things will be well in this country.Let give our president some time at PBAT.
I believe all will be well.
07016687812

Elusive001:
Meaning that una no have any brain on what to do. I thought your god has been preparing foe this position since he was born.

So go here, una go. Stop, una stop.

My brother! Our leaders no get brain. Can you see how stabilise Niger, Mali and Burkina Faso have become?.
These are leaders with substance. We are buying fuel very expensive with the promise of things getting better yet the economy has gone worst than Buhari left it.

Emefiele's sin was he turned down request to continue on personal grounds, hence, the unnecessary persecutions apart from old & new Naira policy that frustrated Tribulation-Pain (T-Pain).

It's pretty obvious that Cardoso & Wale Edun can't handle our monetary & fiscal exigencies! They should STEP ASIDE b4 it's somewhat too late!

chrisxxx:
My brother! Our leaders no get brain. Can you see how stabilise Niger, Mali and Burkina Faso have become?.
These are leaders with substance. We are buying fuel very expensive with the promise of things getting better yet the economy has gone worst than Buhari left it.

It's pathetic

My major concern is the millions of people who ate suffering currently. Many have no jobs. Some earn as low as N10k per month.

Even if I am comfortable, seeing millions around in despair is heart-wrenching.

The crazy man in Aso rock is not bothered, not at all,as long as he is addressed as "Mr President"!

With his face like plantain chips

OkCornel:
Remember, a certain person promised on 27th April 2023 that naira will exchange for 300 to the USD in the “short term”

Just because he made the narrative doesn't imply that he understood a word of it.

richmond500:
firstly, subsidy is gone, this makes a regime where govt can use the funds for something else.
Secondly, No multiple fx windows, this means u will be buying dollar same amount that the elites will buy too, it calls for competition in doing business in Nigeria and promotes local production from every Nigerian that wish to.

Thirdly, Larger percent of our import was from oil, that bottleneck is gone too thanks to Dangote refinery.

I don't know why people aren't seeing this

I am forced to respond to this comment because of the stark ignorance that I see there.
The first point about the absence of multiple FX window in Nigeria today is about the most ridiculous and ignorant statement I have read this year. Really!!.
Are you really in touch with reality of you are just taking in anything APC propaganda dish out to you. The official dollar rate on the nafem window today is 1620 but you can cross to your aboki next street and ask if you will get dollar for that rate, he will most likely tell you it's 1750, then there's also a window called CBN intervention where dollar is sold for 1550. That's 3 different FX windows in the same country Tinubu and his zombies like you said they have unified exchange rate.
The second point you noted is that subsidy is gone in the same economy where subsidy is said to have been gone more than 5 times only for NNPC to come back and say they are owing $6Bn in subsidy payment between last year and now.
On your final point on Dangote refinery, I work in the financial sector and I always wonder what is making you people think Dangote refinery is the solution to Nigeria's problem. Firstly, Dangote refinery is a private business and if you say dependence on foreign import will reduce I agree, but it will not translate into any significant appreciation of the Naira. The reason if because the crude oil you are giving to emdangote in naira is the part of your little FX earnings if you have exported the crude hence there's FX deficit presently due to this.
Finally, if after all I have said you still think I am talking trash and you are so sure of yourself and Tinubu that things will be great by next year, we can place a bet with a trustee, where if naira exchange for 1000 by January next year you win while if it does not I win be that, if he sure for you.

coleon:
I am forced to respond to this comment because of the stark ignorance that I see there.
The first point about the absence of multiple FX window in Nigeria today is about the most ridiculous and ignorant statement I have read this year. Really!!.
Are you really in touch with reality of you are just taking in anything APC propaganda dish out to you. The official dollar rate on the nafem window today is 1620 but you can cross to your aboki next street and ask if you will get dollar for that rate, he will most likely tell you it's 1750, then there's also a window called CBN intervention where dollar is sold for 1550. That's 3 different FX windows in the same country Tinubu and his zombies like you said they have unified exchange rate.
The second point you noted is that subsidy is gone in the same economy where subsidy is said to have been gone more than 5 times only for NNPC to come back and say they are owing $6Bn in subsidy payment between last year and now.
On your final point on Dangote refinery, I work in the financial sector and I always wonder what is making you people think Dangote refinery is the solution to Nigeria's problem. Firstly, Dangote refinery is a private business and if you say dependence on foreign import will reduce I agree, but it will not translate into any significant appreciation of the Naira. The reason if because the crude oil you are giving to emdangote in naira is the part of your little FX earnings if you have exported the crude hence there's FX deficit presently due to this.
Finally, if after all I have said you still think I am talking trash and you are so sure of yourself and Tinubu that things will be great by next year, we can place a bet with a trustee, where if naira exchange for 1000 by January next year you win while if it does not I win be that, if he sure for you.

when u hear people say I work in a particular sector or I have first hand knowledge, just know they want to lie.
Just because u are doing POS doesn't mean u work in the financial sector.
Ogbeni rest, FX mean foreign exchange and if u don't see how reduction in imports can help our foreign exchange then u have a problem.

Make u rest with ur financial sector, the highest transaction u make a day is probably 200k from that ur POS stand