If only schooling was so easy.

kayfra:
An average Nigerian will scream bloody murder when Atiku implements this. The value of naira to the dollar will dramatically rise, probably north of 700 Naira to a dollar and prices of everything will increase immediately.

While it seems like a reasonable economic policy. Nigerians are absolutely not ready for it.

Coming from a joke, am not surprised.

989900:
Error #1.

Never thought Atiku is as dumb as he looks.

DIS THIEF TALK TOO MUCH..

GOD BLESS AND PROTECT BUHARI

SAI BUHARI..

You have my vote and those of my girlfriends

Yinmu


Ajibole

This will not help the economy but kill it. Your economics handlers need to be sacked.

LMAO
The fact that he intends to implement same strategy doesn't mean he's going to incorporate same inadequate strategies used by Buhari admin.

That's why he has a sharp minded economic strategist on his side to make sure he makes accurate decisions towards the growth of Nigerian economic team.

EvilMetahuman:
brainwashed atiku fulani slaves are already rejoicing over the jargons he just said.
..


the first thing buhari did when he came was float naira/dollar which made dollars go as high as 500 and inflation reached all time high... the same brainwashed mor0ns wailed about how buhari is killing them with hunger.

now these same mor0ns are praising atiku for planning to implement the same thing... now they wonder why no one takes them seriously.

We don’t need gambler or someone who will be using the nation to performing experiments.

Nigeria is too be big to be risked, we've had enough of visionless leaders who plunged the nation into confusion.

how i wish this country can be divided into 2 halves , Buhari handle one part and Atiku the other , you will be shocked people wil start dying after six months in Buhari side because he will only fight corruption common sense for economic growth

Lands on which those Investments will be sunk belong to State Governments. You want to be good President, Restructure first before you begin flying Kites.

quickberry:
See the person that wants to rule us, that would be an economic suicide Mr. Atiku

Your paymasters in Abuja raised inflation by more than 100% in their first year

This man sounds really desperate to be president.

Dundees up here praising atiku for what every ss1 economics student has a fundamental knowledge of!

You want to float the naira in a heavily import dependent economy! What do you produce besides oil that will shore up your naira? and even the oil, you only extract it and still import it's finished products!!

When you see the prices of your everyday necessities triple or more and indigenous industries requesting for payments in dollars instead of naira and the expected FDI is still no where to be found, no one will tell you before you and your families carry placards and signs in protest at Aso Rock by which time it will be TOO LATE!

abeg atiku make I commot from this country before you implement it...
our economy is at the brink of death you won come murder am finish

mbaboy:
No risk no gain. Atiku economically sound than the lifeless one in aso rock

If Atiku does this, you will be too hungry to post anything on social media. Your young life will be wasted.I am not even sure you understand what you are commenting on. If USD goes up to N500 and inflation is not curtailed, interest rates will follow it. Nigeria will become Venezuela.
God will never allow Atiku to be come President one of the reasons being that his followers are too uneducated to understand the disaster he will bring.
By the way, he is also for grazing reserves and he wants to sell NNPC.

Think, think, think hard. It is not easy but it is your future.

Not supporting any political party.
But floating the naira should lead to a more transparent economy.
The value of the naira would be directly related to how the economy is doing. At least we'd know how shitty this country is, not the lies the govt and cbn are dishing

However, the current state at which the country is, a float would be massacre

olujastro:

I'm an engineer by profession but I know some political economics.
Floating simply means allowing market forces to determine the actual value of the naira.
Floating the naira now is a dangerous step to take. This will take the exchange rate to close to $1 = N1000. Inflation will definitely triple. That means a bag of rice will be 50k.

High oil price is what gives the naira value as most of our foreign earnings come from oil and gas sales.

Nigeria needs to gradually diversify its economy away from oil and reduce its imports especially on items that consume our foreign reserve the most like petroleum products, rice, wheat and steel.

In summary, produce these items locally and possibly export them (after which we can then float the naira), so that the strength of the naira can rely on other things apart from oil.

This govt has previously said it plans to float the naira by 2022 based on its target of producing those 4 items locally by then.

As an example, Egypt relies less on oil than Nigeria. They floated their currency last year and the exchange rate went from 1USD = 9 EGP to 1USD = 18 EGP. That's a 100% loss of value with its attendant inflation.

feddis:
Is America the only wealth creating nation on the planet?
Be sensible.

World's economy is managed in Dollars

Be intelligent!

jayfolarin:
Dundees up here praising atiku for what every ss1 economics student has a fundamental knowledge of!

You want to float the naira in a heavily import dependent economy! What do you produce besides oil that will shore up your naira? and even the oil, you only extract it and still import it's finished products!!

When you see the prices of your everyday necessities triple or more and indigenous industries requesting for payments in dollars instead of naira and the expected FDI is still no where to be found, no one will tell you before you and your families carry placards and signs in protest at Aso Rock by which time it will be TOO LATE!

The so called oil is even worthless now sef considering the proce of global crude. Hope Nigeria won't go the venezuela way.

MeanChris:
See all the complex analysis Atiku is making, showing someone with a knowledge of economics.

The only thing Buhari knows and thinks is corruption this, corruption that..

Oya fight the corruption na, He's telling us that a consensus corrupt individual is responsible.

Oga Buhari is done.. he should go and rest, let capable hands handle the country.

Kai to Lifeless FC

Explain the complex economic analysis

I know you don't know

Just coz something sounds complex does not make it accurate

I doubt it will stoke inflation, and if it does, will be marginal.

Why I said this is that all goods are already priced at the parrallel or black market rate of 360 unless we are deceiving ourselves.

There's a lot of roundtrippibg going on by well connected or highly influential entities who buy at 310 which is the official rate and sell at the black market rate.

Removing Buhari from office alone will boost foreign direct investment.

Once he starts that, people would start hoarding dollars.

If u risk this, do u know how many SMEs would have closed down before you achieve ur desired result.

Why not put somethings in place before taking the risk on 200m people

olujastro:

I'm an engineer by profession but I know some political economics.
Floating simply means allowing market forces to determine the actual value of the naira.
Floating the naira now is a dangerous step to take. This will take the exchange rate to close to $1 = N1000. Inflation will definitely triple. That means a bag of rice will be 50k.

High oil price is what gives the naira value as most of our foreign earnings come from oil and gas sales.

Nigeria needs to gradually diversify its economy away from oil and reduce its imports especially on items that consume our foreign reserve the most like petroleum products, rice, wheat and steel.

In summary, produce these items locally and possibly export them (after which we can then float the naira), so that the strength of the naira can rely on other things apart from oil.

This govt has previously said it plans to float the naira by 2022 based on its target of producing those 4 items locally by then.

As an example, Egypt relies less on oil than Nigeria. They floated their currency last year and the exchange rate went from 1USD = 9 EGP to 1USD = 18 EGP. That's a 100% loss of value with its attendant inflation.

I agree with you 100%. Floating the naira is a bad idea that would end up ruining the Nigerian economy

Kenekingisback:


Your paymasters in Abuja raised inflation by more than 100% in their first year

Cry cry baby

olujastro:

I'm an engineer by profession but I know some political economics.
Floating simply means allowing market forces to determine the actual value of the naira.
Floating the naira now is a dangerous step to take. This will take the exchange rate to close to $1 = N1000. Inflation will definitely triple. That means a bag of rice will be 50k.

High oil price is what gives the naira value as most of our foreign earnings come from oil and gas sales.

Nigeria needs to gradually diversify its economy away from oil and reduce its imports especially on items that consume our foreign reserve the most like petroleum products, rice, wheat and steel.

In summary, produce these items locally and possibly export them (after which we can then float the naira), so that the strength of the naira can rely on other things apart from oil.

This govt has previously said it plans to float the naira by 2022 based on its target of producing those 4 items locally by then.

As an example, Egypt relies less on oil than Nigeria. They floated their currency last year and the exchange rate went from 1USD = 9 EGP to 1USD = 18 EGP. That's a 100% loss of value with its attendant inflation.

Nice post

Thanks for the breakdown

I love the sound economic viewpoint of Atiku. His understanding of advance economic principles is the icing Nigeria dearly needs now. A vote for Ariku is a vote to position the country to take her rightful place among the comity of developed economies in earth.

feddis:
LMAO
The fact that he intends to implement same strategy doesn't mean he's going to incorporate same inadequate strategies used by Buhari admin.

That's why he has a sharp minded economic strategist on his side to make sure he makes accurate decisions towards the growth of Nigerian economic team.

and how is he going to do it differently?

who are the economic strategists and where is their track record?

Atiku spent 2 months in Dubai writing these jagon! Funny enough this would run a lot of Igbo's out of their importation business and also murder our local currency. I always knew that Atiku was daft, I just didn't know he was this daft.

EvilMetahuman:
brainwashed atiku fulani slaves are already rejoicing over the jargons he just said.
..


the first thing buhari did when he came was float naira/dollar which made dollars go as high as 500 and inflation reached all time high... the same brainwashed mor0ns wailed about how buhari is killing them with hunger.

now these same mor0ns are praising atiku for planning to implement the same thing... now they wonder why no one takes them seriously.

They are not different from you. In 2014 you protested against subsidy removal but hailed same in 2016.

Sychophancy!

quickberry:
See the person that wants to rule us, that would be an economic suicide Mr. Atiku

quick berry indeed...

..

UncleJudax:

They are not different from you. In 2014 you protested against subsidy removal but hailed same in 2016.

Sychophancy!

show me where i did that or Bleep off my mention.