₦airaland Forum

tuke:
Ehhyahh, sorry but "SHAME OF YOU"

Shame ON you for your poor grammar dear.

kaka74:
Jesus see dis guy ooo I finished my nysc 2011 stayed @ home roaming d streets like an idiot no show dat was when I knw naija no send me Gej inclusive so. Started my own hustle nd I use fuel daily I lambasted gej in 2012 I cursed I'm mama self but u all all who re saying dat u now have a better understanding or telling me d circumstances have changed so dat I can be buying fuel 18 litred daily @ 145 so dat u will clap for dis wicked policy I say let God judge u all according to ur hearts pls I don't like it when pple insult my intelligence is it buhari being in power dat triggered ur better understanding or kachikwu dat changed d circustances tell me xactly what changed from d 2012 scenerio?

Nigeria is a tough place for anyone not born of rich parents to survive. Trust me, I know. Well, a lot has changed. But you're looking at this from the prism of how it affects YOU. I'm looking at broader economic arguments and national prosperity. So I doubt we can understand each other.

igboboy3:
Even after all the money they stole. They still kept the masses slightly satisfied. These ones don't care.

honestly!

rexzqcom:
Lots of decaying infrastructures were restured. And new ones were developed.
Jonathan's subsidy removal would have created a better balance in economy of scale. Because then naira had no pegged official rates. All importers would have play on level playing field. But now with naira pegged, nnpc and others with political connections will be able to import using official rates. While others will use higher parallel market rates and higher selling prices.
Eventually, others importers will rather buy from nnpc and sell at markups than import anything. Resulting in scarcity and much higher prices than set official price.
To make it equivalent to what would have obtained in Jonathan's era, is to deregulate naira and let market decide same rates for all importers and everybody else.

I trust u meant redenomination of naira

Odunayaw:
I trust u meant redenomination of naira

Not necessary redenomination, i will not flat out call it devaluation either, because free market determined values fluctuates up and down. It can gain and loss values. Unpegging or not fixing arbitral Values might be appropriate.

rexzqcom:
Not necessary redenomination, i will not flat out call it devaluation either, because free market determined values fluctuates up and down. It can gain and loss values. Unpegging or not fixing arbitral Values might be appropriate.

very correct...but in d long run..inflation would gradually seep in