ufotty2001:
Dangote refinery is our only hope to reform our Naira.

Ozommadu:
Omenka come and blame igbos na dem dey destroy this country despite that they've never rule you.


Your Ebola bought yatch 5bn and tinubu wife 1.5bn cars...all imported oo


Hopeless people

iwaeda:

https://punchng.com/naira-falls-to-all-time-low-on-ie-window-hits-n1099/

femi4:
Normal tinz , Dec is when directors steals public funds and they prefer to do it foreign exchange

TheGoodJoe:


The block heads that floated the naira are the real jokes. In a floated currency market, you can only get good rates by sound economic actions.

As long as this government keeps wasting funds and not investing in critical areas, this will keep happening. No trick will work except sound investment policies.

Khyrvxjzy:


you guys are importer na


from production to importation

ufotty2001:
Dangote refinery is our only hope to reform our Naira.

nairalanda1:


I agree with you 100%.

But on floating the naira, the truth was , years of low oil prices and borrowing to make up the difference left us with limited dollars to defend the naira . Add the fact that we have an effective forex reserve of 4 billion dollars....and floating the naira was all that was left. We probably won't have gotten loans from IMF without doing so.

The real problem is that we rely on one source of income for 80% of our revenue. That severely limits our funding abilites.

APC ran in 2015 on a mandate to diversify, so this is their fault 100%. What is even painful is that the wastage spending under this new admin has already commenced. COP 28. New vehicles for the National Assembly.

ufotty2001:
Dangote refinery is our only hope to reform our Naira.

ufotty2001:
Dangote refinery is our only hope to reform our Naira.

nairalanda1:


If we kept that subsidy, and even then what tinubu has done is partial removal......we would have had an exchange rate of N2000 to one dollar by now. And a debt reaching 70 trillion naira.

There is a reason why all the three candidates vowed to remove subsidy on day one. And there is a cold reason why GEJ wanted to remove subsidy in 2012. s

In 2011, subsidy costs were thrice of what they were in 2010, and were eating up our oil income. That is why GEJ wanted to remove subsidy....and eventually did a partial removal.

nairalanda1:


If we kept that subsidy, and even then what tinubu has done is partial removal......we would have had an exchange rate of N2000 to one dollar by now. And a debt reaching 70 trillion naira.

There is a reason why all the three candidates vowed to remove subsidy on day one. And there is a cold reason why GEJ wanted to remove subsidy in 2012. s

In 2011, subsidy costs were thrice of what they were in 2010, and were eating up our oil income. That is why GEJ wanted to remove subsidy....and eventually did a partial removal.

nairalanda1:


I agree with you 100%.

But on floating the naira, the truth was , years of low oil prices and borrowing to make up the difference left us with limited dollars to defend the naira . Add the fact that we have an effective forex reserve of 4 billion dollars....and floating the naira was all that was left. We probably won't have gotten loans from IMF without doing so.

The real problem is that we rely on one source of income for 80% of our revenue. That severely limits our funding abilites.

APC ran in 2015 on a mandate to diversify, so this is their fault 100%. What is even painful is that the wastage spending under this new admin has already commenced. COP 28. New vehicles for the National Assembly.

nairalanda1:


If we kept that subsidy, and even then what tinubu has done is partial removal......we would have had an exchange rate of N2000 to one dollar by now. And a debt reaching 70 trillion naira.

There is a reason why all the three candidates vowed to remove subsidy on day one. And there is a cold reason why GEJ wanted to remove subsidy in 2012. s

In 2011, subsidy costs were thrice of what they were in 2010, and were eating up our oil income. That is why GEJ wanted to remove subsidy....and eventually did a partial removal.

ufotty2001:
Dangote refinery is our only hope to reform our Naira.

nairalanda1:


If we kept that subsidy, and even then what tinubu has done is partial removal......we would have had an exchange rate of N2000 to one dollar by now. And a debt reaching 70 trillion naira.

There is a reason why all the three candidates vowed to remove subsidy on day one. And there is a cold reason why GEJ wanted to remove subsidy in 2012. s

In 2011, subsidy costs were thrice of what they were in 2010, and were eating up our oil income. That is why GEJ wanted to remove subsidy....and eventually did a partial removal.

ufotty2001:
Dangote refinery is our only hope to reform our Naira.

Norsemann:
Na statistics we go chop?



Certificate forging maggot of cocaine sniffer 2022

Flame333:
May the suffering continue to favour them and their families

Among the 1001 ways to die, voting APC is number one..

femi4:
Normal tinz , Dec is when directors steals public funds and they prefer to do it foreign exchange

ufotty2001:
Dangote refinery is our only hope to reform our Naira.

Themanleshey:


Food don ready, make una come wail as usual .

My question still remain that, how many Nigerians can afford to buy a car when it was sold for less than 1200 naira ?

When 1 Naira was equivalent to 1 pounds ?

You better hustle hard and forget this dollar ish.


A word is enough for the wise !

nairalanda1:
Manufactured goods and services'.

Strong currencies.

somito121:
Petrol subsidy should have remained because it seems we only removed it to enrich the politicians.