economic experts should educate us

N

ask Emefiele

SadiqBabaSani:
ask Emefiele

he is in custody

You clapped for both. Ndi Ara

Biodun556:
economic experts should educate us

Floating through naira is the best long-term policy

But can you withstand the effects? Especially when you are an unpopular candidate

If fuel goes to 850 diesel 1000 , car import duty 50% increase would tinubu with stand the pressure?

Trust me subsidy n fixed naira was a policy of bribe to the middle class to allow government steal

If you remove it, then you must work, perform, your fiscal policy must be spot on, economy must grow, job must be made available

But tinubu ideas can't guarantee this stuff... He would most likely build worthless infrastructure with near zero economic potential like the rail system

The 11billion spent to defend Naira went to private pockets .it was pure round tripping. Well let's see how it goes but I know the masses will suffer

definitely, the rate will go high, but once it becomes too high, people will get discouraged and may lose interest in fx , but defending the naira against the dollar and making the trade attractive is very counter prodiuctive.

abhosts:
Nigerians are always so engrossed in wishful thinking instead of critical thinking.

So poor forex revenue from oil sales would suddenly disappear because some restrictions have been lifted on how Banks buy and sell USD?

The fact remains that the country is not earning enough from exports to fund Nigeria's imports so the Naira would continue to lose value and cost of living would continue rising.

Apt

Biodun556:
economic experts should educate us

It depends. Without fixing corruption, no economic theory would work in Nigeria..

skj1377:
The 11billion spent to defend Naira went to private pockets .it was pure round tripping. Well let's see how it goes but I know the masses will suffer

Exactly.

skj1377:
The 11billion spent to defend Naira went to private pockets .it was pure round tripping. Well let's see how it goes but I know the masses will suffer

Wrong. Every currency whose price is determined by the dollar must defend it using their reserves. Even china does it. Failure to do so will result in severe economic dislocation. As long as you don't produce and export enough, u can't control the supply side of forex. U can limit the demand side through import restrictions. If u choose not to limit the demand side, then expect serious inflation

With you antagonist nature of anything APC one can clearly deduce following you advice is the biggest mistake any rational being can take

mrvitalis:

Floating through naira is the best long-term policy

But can you withstand the effects? Especially when you are an unpopular candidate

If fuel goes to 850 diesel 1000 , car import duty 50% increase would tinubu with stand the pressure?

Trust me subsidy n fixed naira was a policy of bribe to the middle class to allow government steal

If you remove it, then you must work, perform, your fiscal policy must be spot on, economy must grow, job must be made available

But tinubu ideas can't guarantee this stuff... He would most likely build worthless infrastructure with near zero economic potential like the rail system

Biodun556:
economic experts should educate us

If the incompetent PMB didn’t defend the naira for no economic reason other than “national pride” (and for his family to loot of course) we wouldn’t be in the position

Let’s focus on the future please ❤️

mrvitalis:

Floating through naira is the best long-term policy

But can you withstand the effects? Especially when you are an unpopular candidate

If fuel goes to 850 diesel 1000 , car import duty 50% increase would tinubu with stand the pressure?

Trust me subsidy n fixed naira was a policy of bribe to the middle class to allow government steal

If you remove it, then you must work, perform, your fiscal policy must be spot on, economy must grow, job must be made available

But tinubu ideas can't guarantee this stuff... He would most likely build worthless infrastructure with near zero economic potential like the rail system

it's useless . Floating dollar, while everything we do is in dollar. We don't export anything, even the oil we do is now low. How the hell do we earn more dollars to offset this? Me as of today, I converting my money to dollar. Cause eeh.

Removing subsidy and floating the Naira in an atmosphere of unprecedented, stratospheric corruption and perversion which Tinubu would certainly facilitate is just a tragic joke. Many Nigerians would eat sand and cannibalistically feast on each other for protein. It would be worse than Venezuela and Zimbabwe combined. Na dem sabi. Stupid country of stupid poor people who accept everything thrown at them like defeated zombies. Bastards.

E no concern me, because me and mines are above board and immune to this madness. But the masses who refuse to have sense and do the needful would reap their deserved rewards. Life goes on.

Nuff said.

TheOldGods:
it's useless . Floating dollar, while everything we do is in dollar. We don't export anything, even the oil we do is now low. How the hell do we earn more dollars to offset this? Me as of today, I converting my money to dollar. Cause eeh.

My advice has been provide soft loans to manufactures of import substitute( preferably the biggest importers) and exportable products

[quote

But the masses who refuse to have sense and take laws into their hands would reap their just rewards.

Nuff said. [/quote]

I don't see how people taking laws into their own hands will help.

What you're doing is calling for anarchy.

I agree with you that removing subsidy and letting the naira float freely will bring pain.

However, not doing what the President is doing will only postpone the evil day, and that postponed evil day will be worse that any pain that people will go through now.

Better to take the pain now. It is unfortunate that millions of people will be particularly impacted, but postponing these policy changes is not an option.

Buhari defends, Tinubu attacks.

ayokellany:
With you antagonist nature of anything APC one can clearly deduce following you advice is the biggest mistake any rational being can take

Like I always say... I am not responsible for what you comprehend

mrvitalis:

Floating through naira is the best long-term policy

But can you withstand the effects? Especially when you are an unpopular candidate

If fuel goes to 850 diesel 1000 , car import duty 50% increase would tinubu with stand the pressure?

Trust me subsidy n fixed naira was a policy of bribe to the middle class to allow government steal

If you remove it, then you must work, perform, your fiscal policy must be spot on, economy must grow, job must be made available

But tinubu ideas can't guarantee this stuff... He would most likely build worthless infrastructure with near zero economic potential like the rail system

Cutting off fuel subsidy and unifying exchange rate should increase spending on basic amenities and infrastructures.
How do we even expect Nigeria to grow when our annual budget is around 14b dollar with fuel subsidy compare to that of Texas budget which around 147b dollar. We seriously need more revenue not wasting little one we have on fuel subsidy and defending naira.

emerged01:


Cutting off fuel subsidy and unifying exchange rate should increase spending on basic amenities and infrastructures.
How do we even expect Nigeria to grow when our annual budget is around 14b dollar with fuel subsidy compare to that of Texas budget which around 147b dollar. We seriously need more revenue not wasting little one we have on fuel subsidy and defending naira.

That's the issue spending on amenities and infrastructure is what tinubu would do and that would sink the economy more

1) the money for subsidy is not even their we used to borrow... So now you borrow for amenities and infrastructure... Which seem good on the surface but economically speaking is a bad decision ....why?

Borrowing would increase our debt servicing but since loan would be spent on infrastructure it won't yeild any significant increase in revenue... So we become worse than we started

Biodun556:
economic experts should educate us

No b u vote am

Let's just wait till December leave arguments for now.

All them expert pessimist up there, I greet una

Hyper inflation loading

Which Naira Buhari dey defend? The Naira that was exchanging at about 1,000 to One Pounds Sterling, abi another Naira dey ni?

Werey

Biodun556:
he is in custody

mrvitalis:

Floating through naira is the best long-term policy

But can you withstand the effects? Especially when you are an unpopular candidate

If fuel goes to 850 diesel 1000 , car import duty 50% increase would tinubu with stand the pressure?

Trust me subsidy n fixed naira was a policy of bribe to the middle class to allow government steal

If you remove it, then you must work, perform, your fiscal policy must be spot on, economy must grow, job must be made available

But tinubu ideas can't guarantee this stuff... He would most likely build worthless infrastructure with near zero economic potential like the rail system

You were making sense, until you spoiled everything with the usual pessimistic postulation you are known for.

Everything about this dollar issue is ok, but I am only worried about the supply aspect. Let's keep our fingers crossed.