Throwback: How CBN Spend $26.6billion To Defend The Naira In A Year - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › Throwback: How CBN Spend $26.6billion To Defend The Naira In A Year (566 Views)
| Throwback: How CBN Spend $26.6billion To Defend The Naira In A Year by ALTERNATEID(op): 11:33am On Nov 03, 2024 |
They keep asking how we got to this point. Well, you’ve got your answer. We wasted everything we earned during the windfall. Now, we all have to pay for what we wasted in the past. Cc: Mynd44 nlfpmod
|
| Re: Throwback: How CBN Spend $26.6billion To Defend The Naira In A Year by Ttalk: 11:38am On Nov 03, 2024 |
Using it to subsides Peter Obi's penchant for importation of perishable goods |
| Re: Throwback: How CBN Spend $26.6billion To Defend The Naira In A Year by Kingosytex(m): 11:42am On Nov 03, 2024 |
Ttalk:Obi dey live rent free for your head ![]() |
| Re: Throwback: How CBN Spend $26.6billion To Defend The Naira In A Year by ALTERNATEID(op): 11:46am On Nov 03, 2024 |
Jonathan was such a terrible president. He had the best chance to build this country but ruined it. We squandered a foreign reserve of $65billion and excess crude account of $25billion between 2009 and 2015 with absolutely nothing to show for it. So sad! |
| Re: Throwback: How CBN Spend $26.6billion To Defend The Naira In A Year by Idye(m): 11:49am On Nov 03, 2024 |
Kingosytex:I swear |
| Re: Throwback: How CBN Spend $26.6billion To Defend The Naira In A Year by Babamide(m): 11:56am On Nov 03, 2024 |
ALTERNATEID:What have the bastards after Jonathan being able to accomplish?? 9 years after, still blaming Jonathan |
| Re: Throwback: How CBN Spend $26.6billion To Defend The Naira In A Year by Freetech: 12:01pm On Nov 03, 2024 |
The prodigal children of the East spent it to import fake and substandard products to Nigeria The other spent it 'to import $200 million worth of human hair wigs for our women every year. £25 million worth of Scotch whiskey and $75 million French champagne. We do not need subsidised dollars. If you give it to us, we will piss it away on useless imports that add no or low value to our GDP'.. Omokri |
| Re: Throwback: How CBN Spend $26.6billion To Defend The Naira In A Year by naijaboy756: 12:06pm On Nov 03, 2024 |
ALTERNATEID:your head Dey leak shit |
| Re: Throwback: How CBN Spend $26.6billion To Defend The Naira In A Year by ALTERNATEID(op): 12:10pm On Nov 03, 2024 |
Babamide:He inherited a foreign reserve of $45billion and excess crude account of $25billion from Yar’adua. Crude price was sold at an average of $120 from 2011 to early 2014 and this was at a time when we were producing 2.5 million bp averagely. A sensible president could have build the reserve to at least $150billion during that period but not him. He squandered everything. Sadly, those that came after him did not inherit such a gift. Buhari inherited a reserve of $26billion and excess crude account of less than $2billion. Crude oil went down to $20pb in 2015 before moving back to an average of $50 till 2017. In 2020, Covid crashed everything to zero. Oil militant also bombed the heck out of oil wells and things got so bad that we were doing less than 1m bp when Tinubu took over. |
| Re: Throwback: How CBN Spend $26.6billion To Defend The Naira In A Year by ALTERNATEID(op): 12:11pm On Nov 03, 2024 |
naijaboy756:No amount of insult can change the hard truth. |
| Re: Throwback: How CBN Spend $26.6billion To Defend The Naira In A Year by Babamide(m): 12:17pm On Nov 03, 2024 |
ALTERNATEID:You go explain tire, no evidence! Do you know how much the Buhari government cashed out from Covid alone? Not to talk of how much they borrowed in 8yrs. Buhari government pumped money into Covid loans for household, smes, agriculture etc. The money that government alone wasted in 8yrs is unprecedented. |
| Re: Throwback: How CBN Spend $26.6billion To Defend The Naira In A Year by tballeyy(m): 12:30pm On Nov 03, 2024 |
Nigeria worst pass sodom Primary school student don already corrupt |
| Re: Throwback: How CBN Spend $26.6billion To Defend The Naira In A Year by ALTERNATEID(op): 12:31pm On Nov 03, 2024 |
Babamide:Buhari has his blame and I am not absolving him of anything. However, that’s not what this thread is all about. Jonathan had the best opportunity and he squandered everything. If he had made the right choices as president, we won’t be where we are today. |
| Re: Throwback: How CBN Spend $26.6billion To Defend The Naira In A Year by naijaboy756: 1:10pm On Nov 03, 2024 |
ALTERNATEID:which muumu truth 25 egg is now 300 under Tinubu |
| Re: Throwback: How CBN Spend $26.6billion To Defend The Naira In A Year by Babamide(m): 3:07pm On Nov 03, 2024 |
ALTERNATEID:Only reason Buhari became president is because people like you said Jonathan was bad and the APC government could make it better. At least Jonathan had human feelings not like you and your slave masters. |
How CBN Fixed Exchange Rate Disparity In 17 Months • Peter Obi : I Would’ve Borrowed Money To Defend The Naira! (video) • How CBN's CRR Policy Will Kill The Economy - Akin Oyebode • 2 • 3 • 4
Imagine A Nigeria Of NGN10000 TO 1$ • Drama As PDP, Ighodalo Witnesses Flounder At Edo Governorship Election Tribunal • North - Nigerians Must Unite Against Fulani
