₦airaland Forum

givedemwotowoto:
These people just wake up and spin any baalablu out for Nigerians to consume

happney65:
Lmao. I read this,burst into laughter and almost fell off my bed.

They say if it didn't dey,it didn't dey. . The exchange rate that currently goes for $1500 from the $400 or so he meet it is what a so called Yakubu from the Budget office and the APC administration is celebrating? Lmao.

See,you people do not need to pay sponsored posts in the media,if he didn't dey he didn't dey. If he dey,he dey. The people will feel it. There is no need to do your high level propaganda as you have always known to do.

Because deep down in you,you all know the Economy has taken a hit since 2015 and as even gotten worst since 2023. There is no white washing that can make it look excellent.

IT IS NOTHING BUT A COMPLETE FAILURE.

P.S. From awọn "Na statistics we go chop" Now reeling out fake stats for us..

Shior

ivandragon:
Oh... so now bat is celebrating fx at N1600 to $1 as an achievement? Wonders shall never end...

Same man who condemned N214 to $1 as too high and a sign of incompetence...

chidiokay:
Asin i have seen all kinds of Madness but this Tinubu and Boiz idiocy is rare, how can someone sane even spin this as progress or strength
the naira had clawed its way back to ₦1,525/$1, marking a 15.28% strengthening in just five months—an annualised pace of nearly 48.9%.

For a country that is highly dependant on import for manufactures and consumption ...1500 for a $1 will this guyz just pretend they dont know how much they've eroded purchasing power
when they say " Reform" .. what are we doing differently now that can propel economic boom .... operation Tax dem till dey bleed smh

Tinubu govt is a disgrace

helinues:
Another good news to start my Sunday. President Tinubu has been putting smiles in Nigerians faces with his policies and reforms

To those who want to cry about this news as it's positive news about Nigeria, do your crying in peace without lumping us

chidiokay:
I guess the Nigerians faces are the ones residential in your head,

convert your account balance to dollar and lets see your happiness too

creativejagaban:
Don't just depend on social media headlines and comments from your fellow lienus lambanus to make decisions.


Go and do research. Go and read.


There are reforms. The reforms are yielding result.


We are no longer subsidizing our currency.
Subsidy is gone forever.

Now, what is your anger about

helinues:
Are you one of the people suffering or you are only crying on their behalf?

chidiokay:
is sowore suffering, he must be broke that why he is always agitating and criticising the govt rite, deviating wont safe you, convert your account balance to dollar and let's see how you retain a happy face ..

chidiokay:
I guess the Nigerians faces are the ones residential in your head,

convert your account balance to dollar and lets see your happiness too

creativejagaban:
Na so you go wail till 2031.

Please manage your health.

Every parameters shows progress.

What is your own parameter showing

helinues:
I didn't ask about Sowore, I asked about you. Answer the question and stop the ejo wewe

chidiokay:
Since your believe is that anyone criticising the govt of not happy about the state of the country Must be suffering, wretched, and hungry then i have to bring in a Sowore he is doing more wailing than me, you get Money pass am
when we dey campaign for Tinubu and sanwo places i dey enter for meeting you can't get in

Doyin2:
Vicious circle of economic stupidity .

Most Developed economies have the strongest currencies,with exchanges in single and at most double digits.

So how do you become a developed economy with an extremely weak ,worthless currency,with exchanges in 4 digits?

Countries need foreign currencies only for importation purposes,so the lower the exchange rates, the better.There is no other reason for having foreign reserves.

So the people will continue to suffer exorbitant prices and imported inflation on the goods we cannot produce 100% locally ,making them poorer.

The imported inflation would also have ripple negative effects on local manufacturing/production ,via high cost of imported machines and raw materials.

It is therefore foolish economics to think that high exchange rates would drastically improve exports without increasing local production,which is boosted by lower cost of inputs.

Artificial and non sustainable increase in exports as reaction to a surge in exchange rates,would continue to cause local scarcity of the exported products.

In summary,the best way to a sustainable export driven and developed economy, is by direct stimulation of higher productivity that would be sufficient for both local and international needs and not currency devaluation or floatation.

How do we achieve this?

1. Low,single digit interest rate for cheaper access to credit

2.Low forex exchange rates and import duty subsidy for imported plant and machinery we can currently not produce locally

3.Collosal funding of research and development of local manufacturing of plant and machinery.

4.Regular power supply

5. Cheap fuel prices for manufacturers and farmers

6,Collosal funding and subsidies for mechanised
Farming.

7.Etc. But definitely not Naira devaluation!

Stupidity is when you continue to export what is not locally sufficient,just because of earning more naira equivalent. Individual exporters benefit whilst the people and country as a whole suffer!

Nigeria’s economy was absolutely much more stronger and better,when the Naira was naturally (not the current artificial)stable and almost equivalent to the dollar!

chidiokay:
If you are so convinced the results are yielding then why is difficult or impossible for you guyz to list out the impacts in clear term

lolz, i am not naive like you, we are no longer subsidizing, should i remind you how many times cbn have pull up intervention funds to the market in the last 2yrs.. is that not defending the naira


My anger is how this govt try to insult our intelligence every time, whats intervention fund whats subsidy, please confuse me

Student loan
Tax reform
Improved and continously growing Reserves
Increased minimum wage
No strike actions in 2 years by ASUU (I know you are praying for strike to happen )
Renewed Hope Housing Initiative
LG autonomy
Lagos Calabar Coastal highway
Sokoto-to-Badagry Super-Highway
Live stock ministry
Aviation reforms
CNG initiative
Immigration reforms: we see this in the unprecedented improvement in passport processing
More money to the states and the LG

Ttalk:
President Tinubu has performed so well in the economy, and I hope he sustain sustains the reforms to the local end, those who failed to make an impact can go on lamenting, it is their constitutional right to be sad of good news

May God Nigeria
Oga You can avail yourself and just talk,post in pidgin

givedemwotowoto:
These people just wake up and spin any baalablu out for Nigerians to consume

givedemwotowoto:
These people just wake up and spin any baalablu out for Nigerians to consume

blamingthedevil:
From devaluation to domination: How Tinubu’s exchange rate reforms turned naira into Nigeria’s export engine



https://www.thecable.ng/from-devaluation-to-domination-how-tinubus-exchange-rate-reforms-turned-naira-into-nigerias-export-engine/

creativejagaban:
We have been educating you and your ilks for eons, but you still don't want to learn.

See below the reforms, results and the impact. Save it and don't ask again

...

1. FX market unification (NAFEM): June 14, 2023
Improves FX liquidity and investor confidence, helping stabilize prices of imported essentials and creating a better environment for jobs and investment.

2. Nigeria Data Protection Act signed: June 12–14, 2023
Makes Nigeria’s digital economy “trustworthy” for global clients, unlocking outsourcing/BPO contracts and remote jobs that pay in FX.

I have friends that benefit from this.

3. Creation of the Ministry of Marine & Blue Economy: August 2023
Focuses government attention on ports, fisheries and maritime trade to reduce logistics costs for exporters and create coastal and port jobs.

Our trade exports has increased tremendously. Infact we have been recording trade surplus.

4. Lifting FX restrictions on 43 import categories: October 12, 2023
Normalizes input sourcing for manufacturers/exporters, lowering production costs and helping SMEs compete (more orders, more jobs).

Testimonies abound on this

5. National Single Window for Trade approved; Commission inaugurated: Dec 18, 2023 & Apr 12, 2024
Faster, cheaper export clearance (less paperwork/demurrage) so small exporters can ship more and keep more profit.

Go and ask your fellow lienus that do export business how far

6. Executive Orders: Oil & Gas fiscal incentives: March 6, 2024
Attracts investment to produce/process more oil & gas, raising export earnings that support public services and jobs across the supply chain.

You may have been hearing about inflows of investments left, back, right and center...but your hatred will not let you reason am

7. Gas flare commercialization relaunch & gas incentives (2024)
Monetizes waste gas into power/LPG - more local energy, lower costs for households/SMEs, and more gas export revenue..

You will soon see the impact. It is not a day thing.

8. Domestic Crude Oil Supply Obligation (DCSO) enforced - 2024
Ensures local refineries get crude, cutting fuel import bills and enabling exports of refined products—supporting supply, jobs and FX savings.

I am sure you are aware that our fuel import bill has reduced tremendously...also reducing corruption in the sector

9. Clearing of FX backlogs incl. airlines’ trapped funds: Jan–Jun 2024
Restores airline operations and investor confidence - more flights, competition and connectivity for Nigerians, plus renewed portfolio inflows.

I am sure you are aware of this. Keyamo is doing fantastically well in this regard.

10. IMTO remittance reform: market-rate Naira payouts allowed: May 6, 2024
Cheaper, faster remittances through formal channels so families receive more value (and the economy gets more stable FX inflows).

Testimonies abound on this

11. AfCFTA Guided Trade Initiative (Nigeria shipments flagged off): July 9, 2024
Opens a practical, low-barrier route to sell “Made-in-Nigeria” goods across Africa - new customers for SMEs and factory jobs at home.

If you are importer or exporter, you will know about this

12. Revised FX market guidelines (2-way quotes, tighter spreads, transparency): Nov 29, 2024
A cleaner, more reliable FX market that attracts investment and reduces sharp price swings that hit household budgets.

I am you are aware that the fx market is doing beautifully well.

13. Port Cargo Tracking Note (CTN) revived/expanded: 2023–2024
Cuts fraud/leakages and speeds cargo handling - lower logistics costs for importers/exporters that translates into lower consumer prices and more export orders.

Please find out about this yourself. Don't let me spoon feed you

14. Mining Marshals & crackdown on illegal mining: Feb 2024 onward
Secures mining communities and formalizes the sector, channeling revenues and jobs into legal operations that can export processed minerals.

If you are into mining, you will understand. If you don't get it, forget about it.

15. Policy push for local mineral beneficiation; lithium processing plants commissioned: May 10–11, 2024
Moves Nigeria up the value chain (e.g., lithium) so communities get processing jobs and higher export values instead of raw-ore margins.

Nasarawa state has been eulogizing the fg profusely on this

16. Real-time upstream oil/gas production & export tracking rule: June 18, 2025
Curbing theft/leakages means more national revenue for services and infrastructure, and a more stable FX market for households and businesses.

The impact coming soon.

17. Raw shea-nuts export restriction to promote local processing: Aug 21, 2025
Processors buy from farmers at better prices and export higher-value shea butter/oil, creating rural jobs and more FX per tonne.

Our farmers are the new billionaires not the lienus billionaires

18. Bank recapitalisation program announced: March 28, 2024
Stronger banks attract fresh capital (incl. foreign) and are better able to lend to households/SMEs, supporting jobs and growth.

Your money and investment safety is now more guaranteed than ever

19. Removal of price/admin barriers that deterred portfolio inflows (OMO/T-bill market normalization; FX clean-up): 2024
Increased foreign investment in Naira assets supports FX liquidity and can ease inflation pressure that hits family budgets.

You may not understand this clearly. Go and research about OMO and T-bill.

20. FX liberalisation + policy consistency enabled domestic refining to start exporting fuels (private refineries): 2024–2025
More local supply and emerging exports of diesel/jet fuel reduce import dependence, support jobs and help steady pump prices over time.

....

I have not even scratched the surface of many more other reforms such as:

Student loan
Tax reform
Improved and continously growing Reserves
Increased minimum wage
No strike actions in 2 years by ASUU (I know you are praying for strike to happen )
Renewed Hope Housing Initiative
LG autonomy
Lagos Calabar Coastal highway
Sokoto-to-Badagry Super-Highway
Live stock ministry
Aviation reforms
CNG initiative
Immigration reforms: we see this in the unprecedented improvement in passport processing
More money to the states and the LG

etc.

...

All these in just two years

...not 4 years
...not 6 years
...not 8 years


In just 2 years.


Now imagine by 2031.

Some of us see the cup half full, why you and your ilks (like raccoon ,bentenny, mrvitalis) see the cup half empty

ONE TRILLION DOLLARS ECONOMY IS A BANGER

creativejagaban:
Na so you go wail till 2031.

Please manage your health.

Every parameters shows progress.

What is your own parameter showing

chidiokay:
You guyz have being talking But you havent just made reasonable sense to sane Class, i am not naive

1. Yeah market unification, but however you cant posit stabilized priced in a country you visit market today #10 next market day you hear another price .. that is the reality
You can't posit investor confidence without a reflective FDI index, stop

2 . whatever you on about the data protection is not tenable, Nigerians have keyed in into remote work, cryto trading long before 2023 ... how is the act protecting US now ... whats different

3. Can you substantiate marine n blue economy with upscale trade balance, you have fish export surplus yet fish is damn expensive in the market, why ?? they say $$ make it make sense

4. Lifting FX restriction how as that helped to reinstate purchasing power of manufacturers or major importer, the money that can buy me i max container 2022 can't buy half container .. what should i celebbrate
5. please back it up with importer's testimony .. smh

6. Are we now producing more oil, have we met our local demands and why did dangote have to source outside

7. You are just sounding like an undergraduate reading out presentation, gas is 1300 per 1kg is that cheap for household from how much in 2023

8. Read dangote complaints and try to consolidate

9. Yeah clear Airline backlogs But as a customer how does it impact customer experience, recently sowore showed deteriorating state of muritala airport whats patronage rate compare to before, is it good

10 .. save that one for exam purposes 🤣

It almost like i am back to school, reading those bullshit theories that have no use in real world

You make school fee unaffordable then come up with loan with limits as solution .. in a country graduate finish school n use 5yrs to find job then you start paying loan back inside 70k minimum wage salary 🤣🤣 complete joke

Leave paper achievement, show us IMPACT even your mom can relate

creativejagaban:
We have been educating you and your ilks for eons, but you still don't want to learn.

See below the reforms, results and the impact. Save it and don't ask again

...

1. FX market unification (NAFEM): June 14, 2023
Improves FX liquidity and investor confidence, helping stabilize prices of imported essentials and creating a better environment for jobs and investment.

2. Nigeria Data Protection Act signed: June 12–14, 2023
Makes Nigeria’s digital economy “trustworthy” for global clients, unlocking outsourcing/BPO contracts and remote jobs that pay in FX.

I have friends that benefit from this.

3. Creation of the Ministry of Marine & Blue Economy: August 2023
Focuses government attention on ports, fisheries and maritime trade to reduce logistics costs for exporters and create coastal and port jobs.

Our trade exports has increased tremendously. Infact we have been recording trade surplus.

4. Lifting FX restrictions on 43 import categories: October 12, 2023
Normalizes input sourcing for manufacturers/exporters, lowering production costs and helping SMEs compete (more orders, more jobs).

Testimonies abound on this

5. National Single Window for Trade approved; Commission inaugurated: Dec 18, 2023 & Apr 12, 2024
Faster, cheaper export clearance (less paperwork/demurrage) so small exporters can ship more and keep more profit.

Go and ask your fellow lienus that do export business how far

6. Executive Orders: Oil & Gas fiscal incentives: March 6, 2024
Attracts investment to produce/process more oil & gas, raising export earnings that support public services and jobs across the supply chain.

You may have been hearing about inflows of investments left, back, right and center...but your hatred will not let you reason am

7. Gas flare commercialization relaunch & gas incentives (2024)
Monetizes waste gas into power/LPG - more local energy, lower costs for households/SMEs, and more gas export revenue..

You will soon see the impact. It is not a day thing.

8. Domestic Crude Oil Supply Obligation (DCSO) enforced - 2024
Ensures local refineries get crude, cutting fuel import bills and enabling exports of refined products—supporting supply, jobs and FX savings.

I am sure you are aware that our fuel import bill has reduced tremendously...also reducing corruption in the sector

9. Clearing of FX backlogs incl. airlines’ trapped funds: Jan–Jun 2024
Restores airline operations and investor confidence - more flights, competition and connectivity for Nigerians, plus renewed portfolio inflows.

I am sure you are aware of this. Keyamo is doing fantastically well in this regard.

10. IMTO remittance reform: market-rate Naira payouts allowed: May 6, 2024
Cheaper, faster remittances through formal channels so families receive more value (and the economy gets more stable FX inflows).

Testimonies abound on this

11. AfCFTA Guided Trade Initiative (Nigeria shipments flagged off): July 9, 2024
Opens a practical, low-barrier route to sell “Made-in-Nigeria” goods across Africa - new customers for SMEs and factory jobs at home.

If you are importer or exporter, you will know about this

12. Revised FX market guidelines (2-way quotes, tighter spreads, transparency): Nov 29, 2024
A cleaner, more reliable FX market that attracts investment and reduces sharp price swings that hit household budgets.

I am you are aware that the fx market is doing beautifully well.

13. Port Cargo Tracking Note (CTN) revived/expanded: 2023–2024
Cuts fraud/leakages and speeds cargo handling - lower logistics costs for importers/exporters that translates into lower consumer prices and more export orders.

Please find out about this yourself. Don't let me spoon feed you

14. Mining Marshals & crackdown on illegal mining: Feb 2024 onward
Secures mining communities and formalizes the sector, channeling revenues and jobs into legal operations that can export processed minerals.

If you are into mining, you will understand. If you don't get it, forget about it.

15. Policy push for local mineral beneficiation; lithium processing plants commissioned: May 10–11, 2024
Moves Nigeria up the value chain (e.g., lithium) so communities get processing jobs and higher export values instead of raw-ore margins.

Nasarawa state has been eulogizing the fg profusely on this

16. Real-time upstream oil/gas production & export tracking rule: June 18, 2025
Curbing theft/leakages means more national revenue for services and infrastructure, and a more stable FX market for households and businesses.

The impact coming soon.

17. Raw shea-nuts export restriction to promote local processing: Aug 21, 2025
Processors buy from farmers at better prices and export higher-value shea butter/oil, creating rural jobs and more FX per tonne.

Our farmers are the new billionaires not the lienus billionaires

18. Bank recapitalisation program announced: March 28, 2024
Stronger banks attract fresh capital (incl. foreign) and are better able to lend to households/SMEs, supporting jobs and growth.

Your money and investment safety is now more guaranteed than ever

19. Removal of price/admin barriers that deterred portfolio inflows (OMO/T-bill market normalization; FX clean-up): 2024
Increased foreign investment in Naira assets supports FX liquidity and can ease inflation pressure that hits family budgets.

You may not understand this clearly. Go and research about OMO and T-bill.

20. FX liberalisation + policy consistency enabled domestic refining to start exporting fuels (private refineries): 2024–2025
More local supply and emerging exports of diesel/jet fuel reduce import dependence, support jobs and help steady pump prices over time.

....

I have not even scratched the surface of many more other reforms such as:

Student loan
Tax reform
Improved and continously growing Reserves
Increased minimum wage
No strike actions in 2 years by ASUU (I know you are praying for strike to happen )
Renewed Hope Housing Initiative
LG autonomy
Lagos Calabar Coastal highway
Sokoto-to-Badagry Super-Highway
Live stock ministry
Aviation reforms
CNG initiative
Immigration reforms: we see this in the unprecedented improvement in passport processing
More money to the states and the LG

etc.

...

All these in just two years

...not 4 years
...not 6 years
...not 8 years


In just 2 years.


Now imagine by 2031.

Some of us see the cup half full, why you and your ilks (like raccoon ,bentenny, mrvitalis) see the cup half empty

ONE TRILLION DOLLARS ECONOMY IS A BANGER

givedemwotowoto:
These people just wake up and spin any baalablu out for Nigerians to consume