Stats: 3,192,046 members, 7,946,563 topics. Date: Wednesday, 11 September 2024 at 08:57 PM |
Nairaland Forum / Nairaland / General / Politics / An Offer Tinubu Can't Refuse (678 Views)
Offer Tinubu Ideas To Run Economy, Governance - Felix Morka To Atiku, Obi / Tinubu Can't Sign - Dino Melaye Mocks Tinubu's Absence At Peace Pact (Video) / I Won’t Turn Down Your Offer Tinubu Tells Nothern Group-photo (2) (3) (4)
An Offer Tinubu Can't Refuse by Ecbatana: 10:23am On Sep 27, 2023 |
The US has never had a bigger opportunity to lord over the affairs of Nigeria than now. Tinubu has a lot of baggage over there and will have to play along if he must remain president. The US will likely make him an offer he can't refuse; "do our bidding". Africa's most populous nation is likely in for a long ride. The US will continue to dish him subtle threats to remind him if he fails to play along. The cancelled meeting with the US president is an example. Dangote's refinery may not function optimally as long as Tinubu is president because it profits the foreign powers more when we import petroleum products than when they are refined here. As a result, the " naira" may continue on a downward spiral and wrecking havoc on the purchasing power of Nigerians. If we are to tell ourselves the truth, the foreign powers are puppeteers whose plan is to continue to impoverish Africa by shielding our corrupt politicians and giving us ridiculous loans. Economic experts will always tell you to allow market forces determine the exchange rate; true but what market forces are we talking about in the case of Nigeria: we export next to nothing. From where do we generate forex? Buhari and Emefiele had a fixed official exchange rate for reasons which can only be described as patriotic. Tinubu and Cardoso should tow the same path until our refineries begin to work; i.e if the powers that be will allow them. Allowing the naira to float freely is what the West has always wanted. By this action, many Nigerians have become poorer. Tinubu may be shielded for his first term at least and nothing tangible about him will be brought to bare by either the CSU or the FBI. He is an asset to them and must be protected as long as he plays along. |
Re: An Offer Tinubu Can't Refuse by Chibuzoripob: 10:32am On Sep 27, 2023 |
![]() Keep fooling yourself |
Re: An Offer Tinubu Can't Refuse by Ecbatana: 10:52am On Sep 27, 2023 |
[quote author=Chibuzoripob post=126048781] ![]() Keep fooling yourself why do you think most African leaders have a case to answer either within or without Africa. Those guys may even know a thing or two about Obi that we don't. |
Re: An Offer Tinubu Can't Refuse by Chibuzoripob: 10:59am On Sep 27, 2023 |
![]() ![]() Meeting are cancelled) reschedule to later date. Even Biden isn't clean.Dey are dragging Trump now over past shady biz. As for Dangote refinery u mention,OCT & DEC is here,make we watch and see |
Re: An Offer Tinubu Can't Refuse by seunmsg(m): 11:08am On Sep 27, 2023 |
Ecbatana: Under Emefiele, we fixed the exchange and defended the rate with all our forex earnings. As at when Tinubu took over, we barely have less than $4billion in our foreign reserve. Even at that, we are owing between $5-7b to foreign banks for unfulfilled letters of credit. Today, our LCs are being rejected because CBN can no longer pay. Looking at all the above scenarios, you think it’s better to continue fixing and defending the Naira? Well, maybe a short term fix till Dangote and PH refineries come on stream this year. Definitely not for a long time. We are not earning enough forex to defend the Naira at a fixed exchange rate. Floating is the only way to go but we need to fix local refineries first of its impact on petroleum prices. 3 Likes 1 Share |
Re: An Offer Tinubu Can't Refuse by Sultanofpiglets: 11:53am On Sep 27, 2023 |
See worthless reasoning.. Who even gave you a certificate? seunmsg: |
Re: An Offer Tinubu Can't Refuse by tommy589(m): 11:55am On Sep 27, 2023 |
Ecbatana: How harder can it be for Nigerians in light of current happenings. Do we need any economic expert to tell us that we need to reduce imports to take the weight off forex. Cuba survived decades of US trade embargo. They continued to use and refit vehicles,products and machineries manufactured in the fifties. What stops us from self imposed embargo on luxury items, tokunbo goods, agricultural products,medical tourism and many other stuffs. How about CBN adopting policy of countries where you receive local currency at banks for the value of foreign currency sent. If the rich and the poor don't experience the hardship in togetherness,there won't be drive for home grown development. Two years is enough to see positive changes 1 Like |
Re: An Offer Tinubu Can't Refuse by Ecbatana: 12:01pm On Sep 27, 2023 |
seunmsg: Removal of subsidy and floating the naira at the same time are economic policies that have caused untold hardship for Nigerians especially of the middle and lower classes. Why can't part of the money realised from the subsidy removal be used to defend the naira at least till the refineries are up & running. |
Re: An Offer Tinubu Can't Refuse by yarimo(m): 12:15pm On Sep 27, 2023 |
Ecbatana:hehehe TINUBU teaching ATIKU what is politics and how to make your opponent and illiterate supporters busy
|
Re: An Offer Tinubu Can't Refuse by Ecbatana: 12:15pm On Sep 27, 2023 |
tommy589: Exactly, the reason I feel he is being puppeteered to do the bidding of the Western powers that have been predicting woes for Africa so that we continue seeing them as geniuses. |
Re: An Offer Tinubu Can't Refuse by seunmsg(m): 1:02pm On Sep 27, 2023 |
Ecbatana: We buy petrol in Naira and import in dollars. For years, we’ve been borrowing forex to import petroleum products. So, the savings from removal of subsidy is in naira and not dollars. We can’t defend the Naira with Naira. 2 Likes |
Re: An Offer Tinubu Can't Refuse by Ecbatana: 2:33pm On Sep 27, 2023 |
seunmsg: If Buhari could find a way round our forex woes, Tinubu should more than double that. He is a southerner and we are meant to believe Southerners are smarter than their northern counterparts. You're doing a good job though, I give you that. |
Re: An Offer Tinubu Can't Refuse by seunmsg(m): 2:50pm On Sep 27, 2023 |
Ecbatana: Can’t you guys get it? We are in a mess because of the tough decisions Buhari refused to take. We can’t continue borrowing to import and defend the Naira while creating more Naira through ways and means. See, we can’t eat out cake and still have it. Tough decisions must be taken and that’s why some of us supported Tinubu. If we continue the Buhari way, the economy will collapse before that of next year. In fact, CBN has been unable to meet up with its obligations to foreign banks who accepted our LCs. In the short term, let’s fix the PH refinery and support Dangote refinery to come on board latest by December. Once we are no longer wasting forex on importation, the exchange rate will find some stability as their will be more forex to meet other obligations. 1 Like |
Re: An Offer Tinubu Can't Refuse by kk2027: 3:12pm On Sep 27, 2023 |
. |
(1) (Reply)
Why Tinubu Chose Economy Over The Welfare And Wellbeing Of Nigerians / Court Of Appeal To Decide Rivers Tomorrow / Osun Philanthropist Araj Supports 3,100 women With Free Christmas Hairstyles(vid
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 63 |