₦airaland Forum

fasho01:
I actually agree with Onanuga on this. If it were something negative the dubai landlord and the lamba master especially would have released statements by now

Omowale2023:
So let me get what you are saying.
Using inflation has illustration.

You meet inflation rate at 10%
You came to power and carried it to 30%
And you made sure the inflation rate does not go below 20% and doesn't supercede the 30% mark, so we should praise you for what exactly?
Reducing inflation?, making inflation stable? or raising inflation?

Omowale2023:
So let me get what you are saying.
Using inflation has illustration.

You meet inflation rate at 10%
You came to power and carried it to 30%
And you made sure the inflation rate does not go below 20% and doesn't supercede the 30% mark, so we should praise you for what exactly?
Reducing inflation?, making inflation stable? or raising inflation?

Omowale2023:
How?
What the current exchange rate?
Why do these people like saying rubbish

Omowale2023:
So let me get what you are saying.
Using inflation has illustration.

You meet inflation rate at 10%
You came to power and carried it to 30%
And you made sure the inflation rate does not go below 20% and doesn't supercede the 30% mark, so we should praise you for what exactly?
Reducing inflation?, making inflation stable? or raising inflation?

GboyegaD:
How much was dollar as of April 2025 and how much is it now? The difference between then and now is way over N30. Are you truly ignorant or you just like to peddle lies that seems reasonable to you?

helinues:
Less than N30 difference between dollar and naira for a year. That's what we called stability in currency

helinues:
Less than N30 difference between dollar and naira for a year. That's what we called stability in currency

helinues:
Na good news. They don't celebrate that. They are only after sad news as they are bitter people

WorldRichest:
I wonder how very dull people can use smartphone.

Government was subsidising Dollars for you with government scares resources, now government has stopped that. If it is only buying and selling in traffic that you understand, then I cannot help you

ElSudani:
They would have been foaming in the mouth if it was a negative news about Nigeria and the Naira.

fasho01:
I actually agree with Onanuga on this. If it were something negative the dubai landlord and the lamba master especially would have released statements by now

blacksam01:
This people dnt even understand economics....

This is also not good for Nigeria as the dollar is not our problem, but the naira..

How u will know this..? While we use dollar 98% times in our international transactions, why has pounds also risen against the naira...? What is also the reason, Euro went up...? America too..? U see..? Dollar isn't ur problem, but naira..

With time excessive demand for the Chinese yuan for export will rise it's value also... It's a common logic..

With this Nigeria is merely helping china achieve it's aim of dominance over America ND there is absolutely nothing in it for Nigeria to gain...

Nothing!!!!

helinues:
Na good news. They don't celebrate that. They are only after sad news as they are bitter people

DeShineShine:
These people are shameless. Did you meet Naira at N1,500/$? May God forgive you people for plunging the country into serious hunger in the name of defending your policies.

helinues:
Na good news. They don't celebrate that. They are only after sad news as they are bitter people

chidiokay:
As much as i am trying to understand your POV, i cant make sense of Naira is the problem, how ??
Naira dont nuture itself, moreover naira is just reflection of your economic activities and those economic activities are mainly influence by govt policies

To drive Naira up, we must upscale productivity, rite

Now look at Tinubu actions and inactions keenly is it driven to upscale productivity?? does his policies reflect "Enabling environment" do you know what it cost to run a business daily now, ask CEOs

Naira can't grow itself, it's highly dependent on the government direction

blacksam01:
First of all... The naira is not detached from Nigeria, so if u mentioned naija being the problem through policies, then u agree that in naira vs dollars, naira is the problem not dollars...

Again, I want u to know that not only domestic production strengthen a nations currency...the general name is "capital inflow"..

Now alot of ppl achieve capital inflows through export sales, but many also achieve that through international repatriation of funds made abroad...

Another mechanism for strengthen of the naira is to control naira supply...and allow the FX to flow in..but strictly guide that all local transactions are done in the local currency...all you need do is pay the three tier of governments in FX earned currency...and I ligated them to exchange and must pay for contracts and wages in the local currency..

Then u go to the cbn and control the rate of cash supply to make so much FX to chase few naira..that way, naira will appreciate...

Why i said NAIRA/Nigeria is the problem is because, our balance of payments has been +be for the past 3years, yet our currency remains weak..this is simply because of excess loan servicing payments...

So the fed govt has become the sole reason for worsening local currency through excessive international borrowing

chidiokay:
i dont know why you chose to complicate whats Complicated already .... Naira is just a note ,., consider it an instrument like "trumpet" ... it is what you blow into the trumpet that will sound out .. digest that

Naira or dollar being the problem is not a valid assertion. they are just mere tools of transactions and national symbol

Not only domestic product strengthen the currency I AGREE But what you seems not to know is a low driven productive economic mitigates "Capital flow" .. Investors work with circumspection tew

Controlling Naira supply is not a measure to strengthen the Naira in real sense, instead its a measure to curb " Inflation" in most cases

See dont creat unnecessary CONFUSION ... what can strengthen the Naira( organic) is " Local Productivity and Policies driven toward facilitating " Enabling Environment"

From optimal productivity you get impactful high GDP , options for export that consolidated balance of trade, and lastly mass production compels "deflation"

Govt Poilicies is like blowing into the trumpet, policies are the sky above economic activities, it can either creat harvest or a famine

So Far Govt is our Problem, they know whats right but they wont do it cos Nigeria's setback is a blessing to the ruling class

chidiokay:
i dont know why you chose to complicate whats Complicated already .... Naira is just a note ,., consider it an instrument like "trumpet" ... it is what you blow into the trumpet that will sound out .. digest that

Naira or dollar being the problem is not a valid assertion. they are just mere tools of transactions and national symbol

Not only domestic product strengthen the currency I AGREE But what you seems not to know is a low driven productive economic mitigates "Capital flow" .. Investors work with circumspection tew

Controlling Naira supply is not a measure to strengthen the Naira in real sense, instead its a measure to curb " Inflation" in most cases

See dont creat unnecessary CONFUSION ... what can strengthen the Naira( organic) is " Local Productivity and Policies driven toward facilitating " Enabling Environment"

From optimal productivity you get impactful high GDP , options for export that consolidated balance of trade, and lastly mass production compels "deflation"

Govt Poilicies is like blowing into the trumpet, policies are the sky above economic activities, it can either creat harvest or a famine

So Far Govt is our Problem, they know whats right but they wont do it cos Nigeria's setback is a blessing to the ruling class

fasho01:
I actually agree with Onanuga on this. If it were something negative the dubai landlord and the lamba master especially would have released statements by now

blacksam01:
U dnt seem to think outta the box.. u are stuck in the textbooks .. I am a vast thinker... I know the end from the beginning...

.u continue to believe productivity is mainly for exchange rate valuation... While in real sense it is for economy ratings and for employment...


Ur productivity is aimed at restraining over import, and promote export

Restrictions if import means saving hard earned funds within the state, promotion not export means earning other ppls hard earn funds through exchanges...


Now answer this question...

Country A does 10percent GDP, but have 90% GNP-GDP...

Country B does 90% GDP, but 10% GNP- GDP...

Which one of the two situations do u believe will strengthen the local currency more .?

blacksam01:
Do u know that Nigeria is on a +be balance of payments for the past 3years... With data showing it's national cheque balances ..

Now explain why the naira is still in tatters..?