Oil subsidy is a cankerworm on Nigerian economy, now that it has been removed and the economy is sailing naturally, the government might see the need to delete a zero from naira denominations to save people from moving about with bulk of currency

This was the reason why Obasanjo introduce high denominations but the idea may no longer fashionable to the present administration

10 naira will be 1

N50-----. N5

N100-------N10

N500------N50

N1000 ----++++ N100


If you're receiving 1 million BB naira a month it will change to 100 000


Petrol will now be 55 naira instead of 550

B

Naira Devaluation... Tinubu is vexing. I like his understanding of Micro Economics and Macro Economics

Imagine standing up to federal might, ruling Lagos and even unseating a seating governor.
Anyone who belittles such person, does so at his/her own peril.

Atiku is similar to Tinubu, but he has no precedent, has never achieved anything in his life without Customs/FG influence.

Obi is like a child and would be viewed the same way Osibanjo was viewed by Ministers. He sounds capable, but capability is different from ablity.
Is he able to influence change?
Does he have the requisite connection?
Can he stand the tsunami of thieves, lobbyist and oppurtunist?

Tinubu has been dealing with this kind of people since NADECO days. Tinubu has the requisite knowlegde (economics), repect, resources and even the expereince in political battles, and always came out winning.

I have always argued for Tinubu, not because I think he is the best man for the job, but because he cannot be bullied. I daresay, economically he has started well.

Admire the guy, he is a worthy president.

Ask Ghana what happened after they did the same thing

richidinho:
Ask Ghana what happened after they did the same thing

Is Ghana still on the world map?

The Naira has not depreciated to the level where we need to do a redenomination of the currency!

Lol....If you like delete all the zeros, it will not add to the value of naira. In fact, it will add more hardship on the economy as a lot of money will be spent to redesign the notes

in a country where

1. we barely produce 30% , but consume over 150% .

2. about 40% of it's citizens are more of waste products, neither useful to themselves, nor their society.

3. it's leaders are not just self-centered but selfish

4. ...add ya own