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Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote - Business (5) - Nairaland

Nairaland Forum / Nairaland / General / Business / Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote (32662 Views)

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Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Forumobserver12(m): 10:11pm On May 01
immortalcrown:
Pot calling kettle black.

He himself is holding the same Nigeria down. He is complaining now because BAT is not in his own camp and because BAT tortures his boy Emefiele. Have you guys forgotten how cheap he got Dollars from CBN through his boy Emefiele? Have you guys forgotten the tax waiver he enjoys?

The Naira devaluation is stupid. I am not among the vrchins that defend the devaluation. But only a fool will think this man is better than BAT. Taking solace in this man's condemnation of the devaluation is like taking solace in Buhari's condemnation of BAT.

You have said it all, nothing to add cos both men are the same,Non of the two men loves Nigeria other than what they ripping off the system...

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Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Cajal(m): 10:12pm On May 01
Hypocrisy

You have been enjoying the fixed rate which was being heavily subsidized
This was actually meant for poor Nigerians seeking foreign exchange for education, health and some others

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Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Bluntemperor: 10:13pm On May 01
Bobloco:


When we are this frank,why do you call us Ipob

Please,can you list the critical areas,you were calling the shot and a whole lots were given you a wrong name?
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Bobloco: 10:17pm On May 01
Bluntemperor:


Please,can you list the critical areas,you were calling the shot and a whole lots were given you a wrong name?

All the calamitous economic policies embarked upon by the Tinubu administration have brought this country to its knees economically.

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Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by NAC1666: 10:17pm On May 01
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by OChimex: 10:18pm On May 01
immortalcrown:
Pot calling kettle black.

He himself is holding the same Nigeria down. He is complaining now because BAT is not in his own camp and because BAT tortures his boy Emefiele. Have you guys forgotten how cheap he got Dollars from CBN through his boy Emefiele? Have you guys forgotten the tax waiver he enjoys?

The Naira devaluation is stupid. I am not among the vrchins that defend the devaluation. But only a fool will think this man is better than BAT. Taking solace in this man's condemnation of the devaluation is like taking solace in Buhari's condemnation of BAT.

He is angel when compared to bat. At least he employs thousands and help them feed their families.
Bat is making people lose their jobs and lives because of his dumb policies.

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Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by masseratti: 10:22pm On May 01
PressMyButton:

We have 20% stakes in his refinery, made cheaper loans to him and supplied crude oil in naira. Dangote appreciates the gesture and we appreciate him bringing down diesel price. There's no friction between Dangote and FG, it's only wailers looking for senseless and sensational headlines to begin the usual round of wailings.
am not going to hold brief of support the government..but nothing will work unless we float the naira truly...sharara reporters bringing sensational topic is just doing business...
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by ufotunang: 10:32pm On May 01
What did you expect from a president that the only thing he can tell nigerians during his presidential campaign that....its my turn 🙄

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Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by ufotunang: 10:33pm On May 01
Speak the truth to them
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by SoNature(m): 10:34pm On May 01
RillyBA:
Is it that we Nigerians are intentionally doing this? Subsidy is just for 6 month in 2023. Buhari has already removed it. So which one is tinubu tinubu. Let stop this hypocrisy and be real

If Tinubu wanted the subsidy to return, it was as easy as ABC. Send an appropriation bill to the national assembly and capture the projected subsidy expenditure

Putting this subsidy thing on Buhari shows how ignorant you are. Tinubu is the president; he is taking responsibility but his minions have refused to do the same.

Stop writing this NONSENSE

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Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by ufotunang: 10:35pm On May 01
If Peter obi was the one in power all this devaluation of the naira would not had happened the naira would had appreciated and have value by now
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Bluntemperor: 10:39pm On May 01
Bobloco:


All the calamitous economic policies embarked upon by the Tinubu administration have brought this country to its knees economically.

You have a point,since I did not vote for politicians,so I can't defend him but he met a Zero - Empty Treasury!
How do you defend a Buhari that even brought disastrous economy - where most Ministers are just not accountable and were very corrupt!
Tinubu's Govt problems started by removing the only Nigerian- bloodline called ' Crude Oil Subsidies!
By so doing - without any support - makes everything gone hail ware because is like a brutal-force on the Masses!
He ought to have differentiates between Politics and Economics because his declaration ' that no Subsidies in this Budget in my hands ' is Not Sufficient to tame the Nigerian People,since he just assumed govt then and i don't think people will call you name for this,for we are all touched!
But you will agree that so many things were rotten!
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Forumobserver12(m): 10:49pm On May 01
MEEVEET:
The sad thing is we are still defending the naira

We are still paying subsidies ( but way of NNPC taking massive losses)

So what did Tinubu achieve by those ill planned policies?


He achieved absolutely nothing other than plugging the nation into economic crisis, I have said it several times that governance goes beyond showmanship and alter arrogance...

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Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Nahunger(m): 10:49pm On May 01
olisaEze:
Govt that’ll favor them and their family in the mud! grin

The guy don see premium shege 🤧
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Basicend: 11:04pm On May 01
Absolutely.
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Pedro334(m): 11:22pm On May 01
then who is going to be thrown under the bus
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Yankee101: 12:00am On May 02
The truth must be told
Now it’s hard to reverse and the country is poorer
It’s net exporters that devalue their currencies willingly
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by HNICEARTH: 12:29am On May 02
Ronu paytriots are confused right now. Caught in between a rock and a hard place.

No guts to attack the slave master for his take, at the same time they have to defend tinub.lu for his failed mis-governance that moved dollar to 1400.

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Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by ChybuzzDD(m): 2:59am On May 02
PressMyButton:
Dangote collected dollars at cheaper rates from Emefiele, we know all that but Dangote is still doing big things and we appreciate him for that and that's why he was appointed a member of Jagaban's economic team. However, every sensible individual knows we can't afford to keep official rate at 460 while parrallel rate at 780 with huge monthly subsidy, thereby making few unscrupulous elements overnight billionaires through dollar arbitrage at a time 97% of our revenue were used in servicing debts. Definately, we can't continue like that.

You are always talking out of sentiments, instead of sound reasoning.

I hope you know the government is still paying those subsidies, and in fact, far more than the previous govt paid??

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Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Diligence: 3:46am On May 02
Does Tinubu know what this means? It's TIME UP! U can't fix the economy! QUIT ALREADY!

In epitome, this is called A VOTE OF NO CONFIDENCE...on MAY DAY! MAY DAY! before the crashing... Decipher!

Our greatest concern is: The rot/mess/ debt that Tinubu/APC would leave behind for Mr Peter Obi come 2027 would be unimaginable!
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by BabaHenry(m): 4:33am On May 02
Bliss4Lyfe:
All the dirty Afonnnjaaa will crawl out of their hole to call him IPOB now.

This yoruba site empowers them.
You are just a foolish boy if you think only the Yorubas do that shit here, all the tribe does, but they all had one thing in common, APC!!!!
Wake up and stop making this a tribal war because your Igbo brothers dey the government too
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by wirinet(m): 4:47am On May 02
masseratti:
am not going to hold brief of support the government..but nothing will work unless we float the naira truly...sharara reporters bringing sensational topic is just doing business...
What has worked since the floating of the naira? How can a sane country float its currency when it is import dependent? We import everything from medicine to fuels to even food.
When the naira was truly floated, what happened? Naira almost got to N2000, before government panicked and started arresting Bureau de change operators and Binance. The CBN then started pumping dollars into the market. What will happens when CBN stops pumping dollars into the market?
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by kafeii123: 5:21am On May 02
immortalcrown:
Pot calling kettle black.

He himself is holding the same Nigeria down. He is complaining now because BAT is not in his own camp and because BAT tortures his boy Emefiele. Have you guys forgotten how cheap he got Dollars from CBN through his boy Emefiele? Have you guys forgotten the tax waiver he enjoys?

The Naira devaluation is stupid. I am not among the vrchins that defend the devaluation. But only a fool will think this man is better than BAT. Taking solace in this man's condemnation of the devaluation is like taking solace in Buhari's condemnation of BAT.

Somebody that is mad.....he wants to continue taking cheap dollars at the expense of everybody while government keeps borrowing dollars that the rest of us and our grandchildren have to pay...he dey crase
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by BafanaBafana: 5:27am On May 02
immortalcrown:
Pot calling kettle black.

He himself is holding the same Nigeria down. He is complaining now because BAT is not in his own camp and because BAT tortures his boy Emefiele. Have you guys forgotten how cheap he got Dollars from CBN through his boy Emefiele? Have you guys forgotten the tax waiver he enjoys?

The Naira devaluation is stupid. I am not among the vrchins that defend the devaluation. But only a fool will think this man is better than BAT. Taking solace in this man's condemnation of the devaluation is like taking solace in Buhari's condemnation of BAT.
Are you Igbo? I heard Igbos hate this man.
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by PARADIZEPRIEST: 6:13am On May 02
Na lie.
The biggest mess was bihari borrowing billions of dollars for you to build personal refinery and not a single national refinery.
BUhari billions borrowed without meaning achievement with the loan almost sank Nigeria,Ptinubu inherited this mess and internation community gave condition to give more loans.
The problems are complex from 8yrs regime of wicked tribalism with incompetents bigots in charge before PTinubu took over.The president inherited a horrible govt.
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by PARADIZEPRIEST: 6:17am On May 02
PARADIZEPRIEST:
Na lie.
The biggest mess was bihari borrowing billions of dollars for you to build personal refinery and not a single national refinery.
BUhari billions borrowed without meaning achievement with the loan almost sank Nigeria,Ptinubu inherited this mess and internation community gave condition to give more loans.
The problems are complex from 8yrs regime of wicked tribalism with incompetents bigots in charge before PTinubu took over.The president inherited a horrible govt.
NIGERIA IS FREE SOCIALLY NOW BUT THEN STRUGGLES TO ECONOMIC FREEDOM, PUT SELFLESS AND SINCERE PUBLIC SERVANTS IN CHARGR TO MAKE ECONONIC FREEDOM HAPPEN.
ALSO LET ALL NIGERIANS WORLDWIDE STANDUP TO DEFEND OUR NAIRA AND STOP BADMOUTHING OUR GODGIVEN COUNTRY IFSHA.
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by samwillyco1(m): 6:18am On May 02
So what did Tinubu achieve by those ill planned policies?


He achieved massive looting and feeding his political friends fat at the expenses of the common Nigerians.

Finally he acts before thinking
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Forkthiefnubu: 6:28am On May 02
MEEVEET:
The sad thing is we are still defending the naira

We are still paying subsidies ( but way of NNPC taking massive losses)

So what did Tinubu achieve by those ill planned policies?

He is incompetent and it is typical of them , if na to embezzle clean up Nigerian airways , looting the private and public sector to the bones , use the federal resources to develope their region they will rank ist , you are not good simple and short
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by Igbek76: 7:04am On May 02
No more cheap dollar for Dangote.
Now he has to do real work to be in the forbe list of the global wealthy individuals.
Naira will survive.
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by lildush(m): 7:06am On May 02
All of u insulting dangote on dis post don't know what ur doing.. d man said d truth.. tinubu is a puppet doing all d bidding of the West.. he have a lot of irregularities dat dese western leaders use as a treat to get him do all wat dey want. The truth is dis. Dey want to kill the masses. Dey need our resources. We are growing in numbers. So dey impose policies dat will cause hardship. People will die. People are still dieing. All this problem are artificial. The solution is . Get rid of Tinubu let military take over and cut ties with the western leaders. Just like Burkina faso Niger n Mali deed. We have the resources we should set the exchange rates. Not d oda way round. Believe it or not. There is war coming between the western world and Africa. They will want to come n recolonize us. And we will refuse. Because we are waking up to reality. Before it will be late. Tinubu must go. Now is d time. He's destroying our country.
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by marenkurz: 7:20am On May 02
Yes. The same way cement is cheap.
You guys don't even understand capitalism work. It's all about making more money 🤑 for people like Dangote. Fuel won't get cheaper, on the contrary, it will get more expensive.

PressMyButton:

You should put on your glasses. Dangote refinery is a win-win. fuel price is expected to come down once fuel starts rolling out.
Re: Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote by immortalcrown(m): 7:34am On May 02
BafanaBafana:

Are you Igbo? I heard Igbos hate this man.
If you are not a hater of truth, what prompted your question to me?

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