₦airaland Forum

sammyj:
CBN should just commercialize the oil sector which one of the biggest consumers of the Forex by allowing it to be traded in Naira across the region which also reduce the pressure on the dollars. However, I still beleive there is still more work to be done by this government to strengthen the Naira. May God help CBN succeed on this test ooooo!!!!

989900:
Some comments here are just nauseating, why not just keep quiet if you've got no clue.

plaetton:
As long as we import a great percentage of what we consume, any hope of a strong Naira is just baseless fantasy.

As long we run a generator economy, any hope of industrialization, economic diversification, and low unemployment are just wishful fantasies.

There is absolutely no economically fundamental basis for a strong Naira in the near future.

But then, wishes , dreams and fantasies are Free.

anonimi:
Don't you think that a FULLY floated naira, which will lead to devaluation can encourage more LOCAL consumption leading to increased local production?
Otherwise how do you suggest we make LOCAL consumption more attractive?

anonimi:
[s]Is it safe to assume that is why you are keeping quiet?
Just asking oh![/s]

plaetton:
100%.

Of course.

It is economically imperative to make imports costlier.
Necessity is the mother of invention.

If we don't do everything within reason to discourage imports and our appetite for imported goods, industrialization and employment creation will forever remain a pipe dream.

Naira needs to find it's true market value, no matter what it is.

gmaribel:
Just when i thought Emefiele had grown some balls

Soludo should come back from exile and Sanusi should temporarily drop his turban.

These two men can initiate policies that will stabilize the economy. Emefiele only dances to the tune of the President.

plaetton:
As long as we import a great percentage of what we consume, any hope of a strong Naira is just baseless fantasy.

As long we run a generator economy, any hope of industrialization, economic diversification, and low unemployment are just wishful fantasies.

There is absolutely no economically fundamental basis for a strong Naira in the near future.

But then, wishes , dreams and fantasies are Free.

sammyj:
CBN should just commercialize the oil sector which one of the biggest consumers of the Forex by allowing it to be traded in Naira across the region which also reduce the pressure on the dollars. However, I still beleive there is still more work to be done by this government to strengthen the Naira. May God help CBN succeed on this test ooooo!!!!