₦airaland Forum

lexy2014:
How has the forex reserves reduced inflation and improved the living standard of Nigerians?

Emkz

u no talk about rice today cos Una own no pass rice?

Even if they borrow your future n d country have no savings, once u dey chop cheap rice u will hail d person

I pity people like u

Kukutente23:
How can you say Nigeria is prospering when majority of the people are living in poverty?
Minimum wage as at today can only buy 75L of fuel. That fuel cannot fill the tank of a V6 car. Most Nigerians are either using okada or Keke napep for transport. How's that a sign of prosperity? How many Nigerians even eat decent 3 square meal. A country that has millions of malnourished children cannot be said to be prospering pls

The same question to you too. Your answer will definitely be a YES. 😁

victorazyvictor:
Nigeria’s foreign exchange (FX) reserves rose to $41 billion on August 19 – the highest....

How does it positively affect bag of garri in the market?

Inflation is reducing as forex is stabilised.

helinues:
Policies and reforms of this government are taking shape, the experts are confirming the progress.

Hahahah, what would the opposition now use to campaign against the reelection of president Tinubu...

Then maybe we should redefine democracy to govt for expert and by expert, since the people opinion no longer matter on issues that directly affect them

The opposition dont have to say much , cos if there is anything Nigerians have consensus on "Tinubu is a big Failure" what the coalition just need to is present an "ideal candidate"

We dont need opposition to know cost of bag of rice, we dont need opposition to know cost of living trippled, we dont need opposition to know Tinubu plan is to Tax Nigerians to prosperity just give us ideal candidate leave the rest to us

HeadNigga:
Funny thing about this foreign reserve increasing is that it didn't happen coz of our government's good policies... it's just the international price of crude oil and other factors surrounding it that determines the state of our reserve

Thats a very partially blind assessment. Own up to it. The reforms of forex and subsidy is a major factor. No doubt about that.

JustAvo:
Like I told one of you yesterday, pls while defending this government or any private person, do not leave your brain behind. This is not to defend PO, but I find it funny that APC depleted the reserve in question, another APC government has grown a segment of it and are expecting applause. For what? My son bashes my car, I repair it and expect the community to praise me? Common!
Let the president and his cohorts concentrate on making life better for the citizens and leave the need for constant validation. He asked for the job(no, not asked, but did all manner to get d job n doing all manner to retain same), why expect constant praise for doing little to nothing?

Is 50kg rice now 9000? Is petrol now 150/ltr? Do most average government workers' salary comfortably feed em and their immediate family? If all this becomes a yes then, why won't people hail d government? (Atleast 9ja for don dey whr e bn dey as d biggest economy in Africa b4 APC)

This points you raised are quite emotional for me, we like many other African countries are in a very disadvantaged situation. The whole world economics is highly rigged and we don't have any choice than to play along, for example why should I generate so much funds only to put it in a world centralized purse saying it's meant to stabilize the economy based on globalized Point of view, no thanks to the likes of Maynard Keynes. I often don't blame our political leaders, they are playing the games they were taught which is to be second fiddle in a global narrative designed by the western powers. Our economic weakness is because we are using theoritical economic concept cultured to trap us in instabilities and in several decades from now I see this complain still prevailing

Racoon:
Nice development for the Tinubu's government. However, forex upwards climb with no commensurate decline in inflation is of no use to a nation

Inflation has declined in last four months.

How much has the government borrowed so far. They are marketing themselves but the reality on ground is that there is hunger and hardship everywhere. Let all these reflect in the life of the citizens and residents in Nigeria.

Tareq1105:
So, you don't know that the level of forex reserve of any nation is a major factor at boosting the confidence of foreign investors?

Please remove hatred from your heart and embrace possibilities and progress.

It's my daily prayers that the prosperity of Nigeria shall return, and our captivity shall be turned during the tenure of President Bola Ahmed Tinubu to the glory of God Almighty.

I have the confidence that it can never be worse than this. Not anymore, bcoz we've turned the curve Halleluyah.

Be that the case, why has FDI refused to grow !!!

is it that you guyz supporting this Govt dont think or you sacrificed your 6, ....
why are these govt statistics not bearing the corresponding "impact" .. naa propaganda

Your revenue is rising to the roof, yet you are going from lapo to palmpay to moniepoint to collect loan

Racoon:
Nice development for the Tinubu's government. However, forex upwards climb with no commensurate decline in inflation is of no use to a nation

For over 2 month now, inflation has been falling

lexy2014:
How has the forex reserves reduced inflation and improved the living standard of Nigerians?

Emkz

Well, if the report said that it reduced, you lots would have been jumping up and down in celebration.

It is well.......

And yet we are still in heavy debts.

Kukutente23:
How can you say Nigeria is prospering when majority of the people are living in poverty?
Minimum wage as at today can only buy 75L of fuel. That fuel cannot fill the tank of a V6 car. Most Nigerians are either using okada or Keke napep for transport. How's that a sign of prosperity? How many Nigerians even eat decent 3 square meal. A country that has millions of malnourished children cannot be said to be prospering pls

You know the funniest thing about this govt, they've resorted to self-appraisal since you people wont see there invincible achievement

So they score themselves and declare themselves the best ... whatever Nigerians think that is their cup of tea. dem no send anybody

chidiokay:
You know the funniest thing about this govt, they've resorted to self-appraisal since you people wont see there invincible achievement

So they score themselves and declare themselves the best ... whatever Nigerians think that is their cup of tea. dem no send anybody

boss it's insulting to us who are just viewing


Apc comparing themselves with themselves and clapping for themselves.

Forex highest since 2021? Who was government in 2021?

Factcheck0001:
u no talk about rice today cos Una own no pass rice?

Even if they borrow your future n d country have no savings, once u dey chop cheap rice u will hail d person

I pity people like u

How has the forex reserves reduced inflation and improved the living standard of Nigerians?

helinues

But in September 2008 we had $62.1 billion what happened.....?

cr7lomo:
Without direct reflections on the streets...it only means this Junk news na lamba .... dollar was 440( Official rate ) and 500 ( parallel market) In 2021 ....the more FX in our reserves, the more dollar drops in price....it's simply economics .... if 40b dollars reflected 440 in exchange with naira... why is same amount reflecting 1500 today??

Leave them to their foolery, it's easier to wake someone who's actually asleep than the one who's pretending to be asleep

lexy2014:
How has the forex reserves reduced inflation and improved the living standard of Nigerians?

helinues

it has reduce d price of garri

Thundafireseun:
I know PO , ATIKU and enemies of GREAT NIGERIA will not like this news…

For those who don't know … the level of forex reserve of any nation is a major factor at boosting the confidence of foreign investors…

May GOD continue to Bless President Tinubu Nigeria shall be great again

What would you expect onijekuje to say🤣🤣🤣🤣

emkz:
Breaking NEWS: Peter Obi will go silent for two days and then go on a twitter rant complaining about multidimensional poverty in the north, and comparing Nigeria with Bangladesh, Malaysia, Indonesia and China. Why can't he compare Nigeria using examples of Anambra he governed? Instead, he is listing countries he did not contribute to governance.

Next time they ask for savings from subsidy removal, show them where some of it enters. We shore up our reserves instead of using the forex to subsidize an abused dual foreign exchange market.

Under Tinubu, Nigeria is rising, and so shall it rise. May those who never wish this country well but want power continue to agonize about Bangladesh, China, Indonesia and Anambrasia, and also be jumping from APGA to PDP to LP to ADC to confusion and form coalition and run out of the country because they cannot manage the heat from the coalition they set on fire.

While we commend Tinubu for raising the foreign reserves, we want him to engage in massive infrastructural development. We need rural penetration and overhaul of the grid system.

We also heard that police and soldiers extort trucks carrying food items that total taxes paid to security personnel can be up to 700,000 per truck. We'd ask that the administration looks into this and stop the extortionist tendencies. One way to do it is to ensure that security personnel patrol highways and do not set up road blocks to extort drivers.

We should not normalize evil.

Can you imagine the epistle this one typed down here. Do you have a job at all?

okeke6969:
Can you imagine the epistle this one typed down here. Do you have a job at all?

I do.

And it pays very well.

Eniitankorede:
Inflation is reducing as forex is stabilised.

Tnx

Thundafireseun:


I know PO , ATIKU and enemies of GREAT NIGERIA will not like this news…

For those who don't know … the level of forex reserve of any nation is a major factor at boosting the confidence of foreign investors…

May GOD continue to Bless President Tinubu Nigeria shall be great again

Asking for those of us who don't know ... does this amount include loans? If not ... why are we taking loans instead of using our reserves? Feel free to pretend you didn't read this...or too busy to respond ... we'll understand.

What PMB could not achieve in eight years, BAT did in two years.