They are using it to defend naira

Things fall apart

mrvitalis:
Now that explains why naira is stable at 1500

Because based on the money printed under Tinubu we should be at 2200 to a dollar minimum

My prediction is still a dollar to 3500 by 2027

APC as a party know nothing about economics

My problem with these poor set of politicians is that they fail to find the right person for the right job, and even when they do, they seem confused about it

helinues:


Don't you have relatives to employ?

Just continue with the senseless years of trolling, your cup would soon full

best answer I swear

Ebimpawa ooooo Tinubu

Jagabanist has stolen it again

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Using the reserves to prop up the Naira as usual.

Nothing fundamental done to stem the tide, these guys are bastar....ds and have nothing to offer!

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DeLaRue:
Nigeria is the only country in the world where citizens monitor their country's foreign reserve and currency exchange rate obsessively on an hour by hour basis.

People in Egypt, Argentina etc whose situations are just as bad or worse than Nigeria don't do this.

So, foreign reserve dipped. What should we do about it. Does your personal savings in the bank not go up and down depending on your spending needs

Whose function it is to monitor Nigerian foreign reserve if not Nigerian citizens? Americans or British? Just look at how stupid and ridiculous you sound because you want to defend Tinibu.

AqualinaXYZ:



I dey pray make e enter 10k sef



Make suffer choke wella



Make a painter of garri hit 40k



Because na only poverty and hunger fit unite us to hit the street

As if una no dey suffer am too

AqualinaXYZ:



I dey pray make e enter 10k sef



Make suffer choke wella



[b]Make a painter of garri hit 40k



Because na only poverty and hunger fit unite us to hit the street[/b]

Which one is painter of garri abeg it paint bucket

helinues:
Toh

How GEJ been dey manage this economy that we enjoyed Forex stability all thru his extremely corrupt era?

That period, we fit Sidon for our house order earpiece from Alibaba with our naira debit card....
Minimum wage was 19k, it could buy 1bag of rice, 1 bag of garri, 3full size chicken, groundnut oil, yam and whatever u want to, and still have change...

With 500naira then, we dey cook better pot of soup wey fit last for 3days...

Good old days

poiZon:

How GEJ been dey manage this economy that we enjoyed Forex stability all thru his extremely corrupt era?

That period, we fit Sidon for our house order earpiece from Alibaba with our naira debit card....
Minimum wage was 19k, it could buy 1bag of rice, 1 bag of garri, 3full size chicken, groundnut oil, yam and whatever u want to, and still have change...

With 500naira then, we dey cook better pot of soup wey fit last for 3days...

Good old days

Same GEJ that was busy borrowing money upon the increase in oil price.

Same GEJ government that Emefiele cooked figures all through the tenure

Tell us something different jare

mrvitalis:
Now that explains why naira is stable at 1500

Because based on the money printed under Tinubu we should be at 2200 to a dollar minimum

My prediction is still a dollar to 3500 by 2027

APC as a party know nothing about economics

.

What is the difference between APC,PDP,LP.party?
They are all set of same people's who cross from one party to other. Stop deceiving yourself.

Iamgrey5:
FG own reserves Mr local economist.

The FG prints money inline with our anticipated revenue from crude oil sales in dollars not our reserves.

FG prints money anticipating crude oil sales? Lol.

Elvis2kay:
.

What is the difference between APC,PDP,LP.party?
They are all set of same people's who cross from one party to other. Stop deceiving yourself.

They are not oga

helinues:


Same GEJ that was busy borrowing money upon the increase in oil price.

Same GEJ government that Emefiele cooked figures all through the tenure

Tell us something different jare

Cooked which figures?

How much was 50kg bag?
Was he cooking the figures too?

How much was chicken?
Was he cooking figures too?

How much was cement?
Was he cooking figures too?

1k then could sustain u for 2 to 3days
A cup of rice was 50naira, beans was 30naira..
Local rice was 30naira a cup..
Those 2 added na 80naira...
U buy 30naira palm oil, 50naira crayfish n 20naira Maggi which was 3cubes if not 4 then...
Total is 180naira..
100naira garri was 7cups...
U R secured for the day, with 600naira plus remaining.
Which can still cook a pot of soup, cos they still sold meat for 200naira, kpomo 100naira, leafs 50naira, melon 50naira..
Money still remain...

Ha Jonathan God bless u jor

mrvitalis:

CBN is an independent body oga

What are you even saying... Don't have time for these back and forth

.

You have to seen those with better brains than yours, you want to run.
Obidient olodo.

mrvitalis:

They are not oga

Tell us one person in LP who was not formerly in Pdp or Apc.

You LP rats don't even use your brains.

mrvitalis:
Now that explains why naira is stable at 1500

Because based on the money printed under Tinubu we should be at 2200 to a dollar minimum

My prediction is still a dollar to 3500 by 2027

APC as a party know nothing about economics

One hopes they will completely stop the Buhari/Emiefele method of printing naira to pay debts instead of working hard to earn revenue.

Printing money is not a revenue strategy! It only devalues the currency, giving the false impression of making more money.

Unprecedented looting by Baba bulaba and his gang

Ohh, i think opposition will say it is used to defend the naira na.

Every day Tinubu provides bad news

cjrane:


One hopes they will completely stop the Buhari/Emiefele method of printing naira to pay debts instead of working hard to earn revenue.

Printing money is not a revenue strategy! It only devalues the currency, giving the false impression of making more money.

Have havd already printed 13.5 trillion via same method

Appletek:


Tell us one person in LP who was not formerly in Pdp or Apc.

You LP rats don't even use your brains.

Bros it's about the ideology of the driving force within a party

PDP for example was corrupt but they knew certain position would only be based on merit reason nigeria 10x her GDP in 16 years

APC believes in borrowing to build infrastructure which anyone who knows a little bit of economics knows it weakens your currency, creates unemployment and kills your GDP exactly what we have experienced under APC

Labor is more like PDP, those claim to he less corrupt and more youth friendly

There you go

NothingDoMe:
FG prints money anticipating crude oil sales? Lol.

Yes

But Buhari Emefiele were not printing , have you forgotten that ther was a Naira scarcity at the time Emefiele was doing the Naira note swap. That would tell you there was no wreckless excessive printing of Nair notes by Emefiele.

cjrane:


One hopes they will completely stop the Buhari/Emiefele method of printing naira to pay debts instead of working hard to earn revenue.

Printing money is not a revenue strategy! It only devalues the currency, giving the false impression of making more money.

mrvitalis:

Bros it's about the ideology of the driving force within a party

PDP for example was corrupt but they knew certain position would only be based on merit reason nigeria 10x her GDP in 16 years

APC believes in borrowing to build infrastructure which anyone who knows a little bit of economics knows it weakens your currency, creates unemployment and kills your GDP exactly what we have experienced under APC

Labor is more like PDP, those claim to he less corrupt and more youth friendly

There you go

What you are doing is like differentiating between hookup and prostitution.

No one in Labour Party has the right to talk down on Pdp or Apc. Obi was in Pdp 16 months ago. Otti you are celebrating came into LP straight from APC.

So, wetin you dey talk for mouth?

Why is Cardoso still on seat?

You can’t burn your way with dollars you don’t have out of self inflicted devaluation

Cardoso efforts to boost FX pre-Tinubu one year anniversary to paint a false narrative that things ain't exactly bad.

He knows nothing about governance, all he knows is "its my turn"

Reno Omokri : Tinubu is dealing with the Obidients by destroying the Economy.
Only the APC supporters are enjoying the hardship.