₦airaland Forum

Basiljoe:
Most African leaders are western puppets, enthroned to protect American/western interests.

Know this, and know peace. This is not conspiracy theory.

lildush:
Exchange rate he met at 407 naira to dollar. At official rate. This idiot devalued it to 1600. 4times the value he met. Who is giving him advice.. for Gods sake...

olaniyilukman:
Tinubu is not doing well at all, how on Earth do you float your currency against foreign currency that you don't have absolute çontrol over, what manner of leadership is this

crossbreedwears:
Sarcasm. You should read about him online

olaniyilukman:
Tinubu is not doing well at all, how on Earth do you float your currency against foreign currency that you don't have absolute çontrol over, what manner of leadership is this

Bebigiby1:
I hope Tinubu and his government are prepared for impending chaos these harsh policies will cause in due time....

commoditiesnig:
My brother if you know how individuals have made BILLIONS OF DOLLARS from FOREX "subsidy", currency racketeering, BTA runs, etc for years eh. You'll weep for this country! Remember a certain nephew to an Ex-President and an ex-CBN gov comes to mind.

How can a country 'subsize' her own currency against a foreign currency? I don't think I've heard that anywhere in the world.

While in Europe, an acquaintance then visited my place from Nigeria and told us how he gets so much USD thru BTA runs with help of his person in a Bank. Its just crazy!

richmond500:
I think it is getting stabilized.
For almost a month, nobody talks about exchange rate. Unlike what we had earlier this year till August and early septemeber

Kobojunkie:
Tinubu spent at least Naira 4 trillion in fuel subsidy in the last 16 months of his being in office even after claiming it was removed. That is Naira 4 trillion that Nigerians will never see again even as they believe that the fuel subsidy was removed by Tinubu government on May 29th, 2023. The money vanished into thin air even as gas prices continued to rise unabated through the months the government kept lying subsidy had been removed. 🤔

Stop blaming Buhari for what Tinubu did to Nigeria and Nigerians.

Ikaeniyan0:
Government needs to find way to stabilize the exchange rate, it keeps on falling

Kobojunkie:
Tinubu spent at least [b]Naira 4 trillion in fuel subsidy in the last 16 months of his being in office even after claiming it was removed. [/b]That is Naira 4 trillion that Nigerians will never see again even as they believe that the fuel subsidy was removed by Tinubu government on May 29th, 2023. The money vanished into thin air even as gas prices continued to rise unabated through the months the government kept lying subsidy had been removed. 🤔

Stop blaming Buhari for what Tinubu did to Nigeria and Nigerians.

justtoodark:
do you have prove....??

9jatriot:
4 trillion, oga start to de fear God with your lies. Haba

Kobojunkie:
► https://www.reuters.com/markets/nigeria-spend-372-bln-fuel-subsidy-this-year-draft-document-says-2024-06-06/
► https://www.premiumtimesng.com/news/headlines/701270-despite-tinubus-pronouncement-nigerian-govt-spent-n3-6-trillion-on-subsidy-in-2023.html
► https://www.un.org/africarenewal/magazine/august-2023/nigeria-ends-oil-subsidy-invest-savings-infrastructure-development
► https://www.bloomberg.com/news/articles/2024-05-10/nigeria-s-fuel-subsidy-set-to-drain-almost-half-of-oil-revenue-imf-says
►https://www.bloomberg.com/news/articles/2024-08-19/nigeria-owes-state-oil-firm-4-9-billion-fuel-subsidy-debt
►https://www.reuters.com/markets/commodities/nigerias-nnpc-says-its-facing-financial-strain-over-costly-fuel-imports-2024-09-01/
►https://punchng.com/reps-to-investigate-nnpcs-2-26bn-debt/

9jatriot:
■ All the reports you are posting are saying "projected to", "expected to" etc to keep prices fixed, so the question is has PMS prices had a fixed since May 29th? In all the report, they start with this "projected to" and then cycle back to telling us the history of the subsidy removal. Not one of them explicitly stated that any subsidy was or is paid. The only one I couldn't read is the one from IMF, perhaps that one would have had more substance.

Kobojunkie:
Tinubu spent at least Naira 4 trillion in fuel subsidy in the last 16 months of his being in office even after claiming it was removed. That is Naira 4 trillion that Nigerians will never see again even as they believe that the fuel subsidy was removed by Tinubu government on May 29th, 2023. The money vanished into thin air even as gas prices continued to rise unabated through the months the government kept lying subsidy had been removed. 🤔

Stop blaming Buhari for what Tinubu did to Nigeria and Nigerians.

Kobojunkie:
This whole is about the actual cost of fuel subsidy since May 29, 2023 announcement that the subsidy had been removed. The House is investigating NNPCL's debt of over $3.2 billion which it claims FG owes it. But here you are rambling about some price?

MomohMrMoore:
There is no economy minister. We have a team of tax collectors. Their only policy is how to collect from the people and concentrate wealth in the hand of the government. That is why you have the worst performing currency in Africa and a galloping inflation with manufacturing companies collapsing by the day. The country descending to destruction.

ufotunang:
According to world bank and IMF that told the incompetent president Tinubu not to change the reforms that the reforms will work out In the next 15 years.. nawaoooo.. renewed hope to renewed shege

Kobojunkie:
How exactly do you expect the government to go back after it has literally embezzled (and mismanaged the rest) the funds that many have saved from the removal of subsidy, money(in addition to that saved from reducing government bloat) would have sensibly gone to implementing and sustaining Safety Net programs for the poor and disenfranchised?
► Even with all the looting, NNPCL came up with a $6 Billion hole which it probably expected to continue looting Nigerians to pay for. So, where money dey?
►Where do you expect the government to get money to reinstate fuel subsidies of the kind that existed before the May 29th, 2023 debacle? At this point, why?