dotun365:
If you devalue, you suffer (maybe), if you don't devalue you suffer more because manufacturers struggle to get FX at this overvalued rate and foreign investors cannot come in when the currency is overvalued. It increases their risk of having to leave with a devalued currency.

I agree bt we can only devalue when the economy is moving in the right tragetory or else the suffering will be long and greater.

The solution is to fix the economy to a stable position with other alternatives and ideas. There are many bt the government lazy and clueless.

AlphaAlex:
Lol after banning bitcoin they are rejecting devaluation . If the federal government wants my advice they better convert some reserve currency to bitcoin make them no allow these white clowns to deceive them.

The dummies in power know that...?

Olodo FG! the earlier you realize that your economy is on drip the better for you. keep pumping in USD!!! e go shock you very soon!dullard! They deserve the title of the clueless buffon! only that they are skeletons! kwan ta tu ba!

jonnypie:


The dummies in power know that...?

lol actually they do they just want to frustrate people these people are not dummies if they were they wouldn’t be ruling over you .

Before December 1pound will be #700

Helpfromabove1:
We defend

this is silly

LikeAking:
First time FG has made me proud.

Bleep IMF.

They will still devalue it. They just dey disguise for now. It's just the initial denial. Loool. They have no choice they will still want to borrow from IMF again and they won't get shi shi if they don't devalue naira. We are still been colonized bro. That's the fact. By devaluing naira again, there's no hope nigeria is going to be able to pay back all those money. Trust Nigerians we will start spending dollars in this country.

Helpfromabove1:
We defend

You are defending instead of advising that most under performed governor in Lagos history to halt the re-opening of the toll gate until justice is done.

EmptyGarden:
Abeg make IMF allow us drink water drop cup na.

The borrower(Nigeria) is a slave to the lender(IMF).
Law of life!

Penguin2:
I stand with the govt on this one.

I don't trust the IMF one bit.

Na nonsense advise wey dem give IBB in 1980s, na dia our degeneration take start.

They don't mean well!

They never do.

But why una government nor get shame ? Na jeje IMF dey . Dey don't put rope round your neck and force under duress to accept there policy .
So it will be so bad if they fall for the gimmick . Ibb did what he did because we were under decree . So if we fall for this trap this time around then the people we have in government including members of the parliament are mumu.

EmptyGarden:
Abeg make IMF allow us drink water drop cup na.

Stop running to them for loans

Penguin2:
I stand with the govt on this one.

I don't trust the IMF one bit.

Na nonsense advise wey dem give IBB in 1980s, na dia our degeneration take start.

They don't mean well!

They never do.

The sad truth...

They better be...

This slavery will never end. Anyone who desires to know and understand what is at play here should mention me in a dead thread.

Ah, naira is going to N600 to dollar

Giantfarmer:
and here again imf has given condition for their loan like remove subsidy, increasing electricity tariff and devalue the naira, all this Nigeria has been doing all for the loan.and the funny thing is that the economy is growing worse day by day
I think the IMF need to understand this is not West and the fundermentals on which this policies could work is not there in Nigeria..... instead it's devastate the the whole thing

I agree with you.
Really crippling conditions.

How stupid can a continent be,why should they allow IMF to keep on meddling in the continent.

ynotsadeek:
FG just dey disguise...They will still devalue it. All the signs are there. They deny initially, but still do it anyway and give it a different name, say no be devaluation.

Do you know long CBN has been fighting to keep the naira from devaluing. If not for CBNs effort (by proping the naira in the forex market) to keep the naira from going down, it should have been 1000-2000 to a dollar by now.

Necksonnel:


They will still devalue it. They just dey disguise for now. It's just the initial denial. Loool. They have no choice they will still want to borrow from IMF again and they won't get shi shi if they don't devalue naira. We are still been colonized bro. That's the fact. By devaluing naira again, there's no hope nigeria is going to be able to pay back all those money. Trust Nigerians we will start spending dollars in this country.

That's why they borrowed from China. IMF are not the only ones that lend money.

Giantfarmer:
and here again imf has given condition for their loan like remove subsidy, increasing electricity tariff and devalue the naira, all this Nigeria has been doing all for the loan.and the funny thing is that the economy is growing worse day by day
I think the IMF need to understand this is not West and the fundermentals on which this policies could work is not there in Nigeria..... instead it's devastate the the whole thing

The naira is already devalued. Nobody gets dollar or any other foreign currency at the official exchange rate. These has resulted in multiple parallel rates which isn't good for the country's monetary policy.
What CBN needs to do is to unify all exchange rates in the country n this can only happen if they allow the naira to be officially devalued.
Other measures pursued by CBN such as restricting remittance from overseas, banning Bitcoin or restricting imports are futile effort that will only expand the demand for parallel market.
Nobody will exchange his dollar for 360 naira, when there's an alternative for 500. If it means travelling to cotonou to change it....people will do it.
CBN is the one that should get it's monetary policy right.
But u are right on one thing...IMF has no good intention for Africa.

EmptyGarden:
Abeg make IMF allow us drink water drop cup na.

Abi na una go let them rest from beggy beggy by the way, do Nigeria have a choice?

This is what happens when a government borrows from IMF and World Bank, our leaders are the real cause of this, if they had learned how to mange our resources prudently, there won't have been any need of borrowing from this bodies who only sick to cripple and enslave other countries Economy, so they can remain strongest Economy while other remain debtors.

They will still do it . You can’t stop devaluation when you are import dependent.

ynotsadeek:
FG just dey disguise...They will still devalue it. All the signs are there. They deny initially, but still do it anyway and give it a different name, say no be devaluation.

arantess:

We dey collect their loans and grants unfortunately, so they will have input

Na bad and evil govt.

They dont need any loans.

Naija can manage the little we need.

Africa is gradually waking up.

The whites cant bully us agian.

Necksonnel:


They will still devalue it. They just dey disguise for now. It's just the initial denial. Loool. They have no choice they will still want to borrow from IMF again and they won't get shi shi if they don't devalue naira. We are still been colonized bro. That's the fact. By devaluing naira again, there's no hope nigeria is going to be able to pay back all those money. Trust Nigerians we will start spending dollars in this country.

I tire.

African govt are not smart.

They should stop borrowing.

Na d IMF dey deceive us.

Every nation has the right to fix their EX rate.

They should also devalue their dying USD first.

Naija is finished

Jazzafizzy:

But why una government nor get shame ? Na jeje IMF dey . Dey don't put rope round your neck and force under duress to accept there policy .
So it will be so bad if they fall for the gimmick . Ibb did what he did because we were under decree . So if we fall for this trap this time around then the people we have in government including members of the parliament are mumu.

U are very smart.

W Africans are still unda the bondage of the whites.

Giantfarmer:
and here again imf has given condition for their loan like remove subsidy, increasing electricity tariff and devalue the naira, all this Nigeria has been doing all for the loan.and the funny thing is that the economy is growing worse day by day
I think the IMF need to understand this is not West and the fundermentals on which this policies could work is not there in Nigeria..... instead it's devastate the the whole thing

You are very wise.

Most of all these economist thing were created by the west, based on their economy.

The economical policies are also designed to favor only the whites.

Say no to further devaluation of the Naira.

See now? That's what you get when you borrow billions of dollars from IMF with nothing to show. Let them continue, awon ole.

Penguin2:
I stand with the govt on this one.

I don't trust the IMF one bit.

Na nonsense advise wey dem give IBB in 1980s, na dia our degeneration take start.

They don't mean well!

They never do.

You're not really standing with government... you're actually standing with abokis.. they're the reason the naira is this weak...if the cbn .. devalues and maintains a single forex window for all exchanges....

Nigeria will be washed with enough dollars to force the rates back down...

Butmm

IAMPEDRO:
Your cellphone number please.

+2348065316.307