malali:
There is more to this naira devaluation than meets the Eye.

Why do i feel some people are counterfeiting the naira.

Because no one can really explain why there is an infinite amount of Naira in circulation. Even if the naira was free floating by now it should have reached an equilibrium. It should have pegged itself.

The only reason why the naira can be dropping till infinity is if the production is unlimited, because salary has not even been increased yet. Only thing that could account for daily devaluation is if someone other than the CBN is printing naira. Counterfeiters ?

To be realistic, no amount of salary increments can resolve this.

This is very serious, the government has to act now........There are so many African countries, who do not even produce crude oil or subsidize forex but their local currency is stable.

The government should declare a state of emergency right away, this currency devaluation is getting out of control.

ADSP116:
Like you are the only one telling us the plain truth,let me use Benin republic as a case study,this is a country that is well known for exports.I can not boldly tell of any commodity that the little country with no tangible natural resources have to export which earns them dollars in other to maintain the CFA status quo, still, for many years CFA always stand it's ground against the green backs.But Nigeria with humongous dollars we earn through petrol and other commodities we export abroad our currency has been nosediving at a level we have never experienced before...l think at this level our politicians need not to be economic with the reality.

femisplash:
Removal of subsidy, floating of the naira, removal of FX arbitrage, investigation into CBN finances, stopping NNPCL from receipts of oil revenues, restructuring NNPCL, gas revolution and expansion, rehabiliation of refineries, decentralisation of electricity, rehabilitation of Ajaokuta steel, increased states's FAAC allocations, constitutional review, etc. The President is systematically retooling and refixing the structure from its core. For far too long we have lived a fake lifestyle and false economic realities, an import-dependent country with little or no buffer whereby 98% of her revenues services loan facility and parasitic subsidy payments. Those nations we help develop their economy through imporation with scarce FX, had at a time in their history gone through similar or worse sacrfices and economic turbulence. The current surgical economic and structural revolution is for the greater good of the country.

femisplash:
Removal of subsidy, floating of the naira, removal of FX arbitrage, investigation into CBN finances, stopping NNPCL from receipts of oil revenues, restructuring NNPCL, gas revolution and expansion, rehabiliation of refineries, decentralisation of electricity, rehabilitation of Ajaokuta steel, increased states's FAAC allocations, constitutional review, etc. The President is systematically retooling and refixing the structure from its core. For far too long we have lived a fake lifestyle and false economic realities, an import-dependent country with little or no buffer whereby 98% of her revenues services loan facility and parasitic subsidy payments. Those nations we help develop their economy through imporation with scarce FX, had at a time in their history gone through similar or worse sacrfices and economic turbulence. The current surgical economic and structural revolution is for the greater good of the country.

fergie001:


Arise TV

malali:
There is more to this naira devaluation than meets the Eye.

Why do i feel some people are counterfeiting the naira.

Because no one can really explain why there is an infinite amount of Naira in circulation. Even if the naira was free floating by now it should have reached an equilibrium. It should have pegged itself.

The only reason why the naira can be dropping till infinity is if the production is unlimited, because salary has not even been increased yet. Only thing that could account for daily devaluation is if someone other than the CBN is printing naira. Counterfeiters ?

To be realistic, no amount of salary increments can resolve this.

This is very serious, the government has to act now........There are so many African countries, who do not even produce crude oil or subsidize forex but their local currency is stable.

The government should declare a state of emergency right away, this currency devaluation is getting out of control.

malali:
There is more to this naira devaluation than meets the Eye.

Why do i feel some people are counterfeiting the naira.

Because no one can really explain why there is an infinite amount of Naira in circulation. Even if the naira was free floating by now it should have reached an equilibrium. It should have pegged itself.

The only reason why the naira can be dropping till infinity is if the production is unlimited, because salary has not even been increased yet. Only thing that could account for daily devaluation is if someone other than the CBN is printing naira. Counterfeiters ?

To be realistic, no amount of salary increments can resolve this.

This is very serious, the government has to act now........There are so many African countries, who do not even produce crude oil or subsidize forex but their local currency is stable.

The government should declare a state of emergency right away, this currency devaluation is getting out of control.

Idaytesj29:


The country need to consider digital currency.

killsmith:
I believe some criminals are over printing the naira and trying to launder them to dollar. Reason for the increase in dollar

anonymous1759:



Don’t say this in public or you get lynched . I prefer everything to that’s happening now for the greater good, BAT might not be praised now but when things turn out for the better in the future he’ll eulogized.

The past presidents have not criticized all these policies if you take note, it’s because they know it’s the right thing to do since inception but they weren’t courageous before they don’t wanna face backlash or call the bad guy.

Only oppositions are attacking because They want to score cheap political points.
These policies will definitely reshape the economy in the future , more people will be empowered and politicians will be less powerful that’s when corruption will be minimized.

Enemiesmasquera:
Tinubu the disaster. E no go better for anyone still defending this clueless president

Fearurcreeator:

E better for you ni you dey dey cry here

pasol4real:

Keep fooling yourself…..

Franklyspeakin:
There is an imminent crisis coming and it worries me. Tinubu has to take charge before muslim fasting commences. I see the north starting a major uprising then. what could fuel this crisis is the increment in Electricity, Gas and PETROL.
Things are quite expensive and there is serious hardship in the land. Also if i where the president i will limit external travels. A coup could occur with the loud support of the north and silent support of the East. Wahala dey come ooo. DSS take note

malali:


I AGREE without, its the governments responsibility.
I dont think its the CBN's Governors fault.
Round tripping aka Subsidized dollars has now stopped.
None of the previous government could stop that !!
Only a few people benefitted.

anonymous1759:



When you see a phoool you know one , a phoool always complain about everything, a phoool prefers to eat a pregnant mouse than allowing it to multiply.
I don’t take wailers and trollers seriously that’s where majority of Nigerians fall . A typical example is the super Eagles when they win , they’re regarded as Eagles if they loose you call them chickens . Your ranting don’t matter , all That matters is the result .

malali:
There is more to this naira devaluation than meets the Eye.

Why do i feel some people are counterfeiting the naira.

Because no one can really explain why there is an infinite amount of Naira in circulation. Even if the naira was free floating by now it should have reached an equilibrium. It should have pegged itself.

The only reason why the naira can be dropping till infinity is if the production is unlimited, because salary has not even been increased yet. Only thing that could account for daily devaluation is if someone other than the CBN is printing naira. Counterfeiters ?

To be realistic, no amount of salary increments can resolve this.

This is very serious, the government has to act now........There are so many African countries, who do not even produce crude oil or subsidize forex but their local currency is stable.

The government should declare a state of emergency right away, this currency devaluation is getting out of control.

Franklyspeakin:
There is an imminent crisis coming and it worries me. Tinubu has to take charge before muslim fasting commences. I see the north starting a major uprising then. what could fuel this crisis is the increment in Electricity, Gas and PETROL.
Things are quite expensive and there is serious hardship in the land. Also if i where the president i will limit external travels. A coup could occur with the loud support of the north and silent support of the East. Wahala dey come ooo. DSS take note

pasol4real:

And what results have your useless Apc produced since they came into power. It’s been from one hardship to the other….
This your reply more than anything, shows you are nothing but fooling yourself…..

malali:
There is more to this naira devaluation than meets the Eye.

Why do i feel some people are counterfeiting the naira.

Because no one can really explain why there is an infinite amount of Naira in circulation. Even if the naira was free floating by now it should have reached an equilibrium. It should have pegged itself.

The only reason why the naira can be dropping till infinity is if the production is unlimited, because salary has not even been increased yet. Only thing that could account for daily devaluation is if someone other than the CBN is printing naira. Counterfeiters ?

To be realistic, no amount of salary increments can resolve this.

This is very serious, the government has to act now........There are so many African countries, who do not even produce crude oil or subsidize forex but their local currency is stable.

The government should declare a state of emergency right away, this currency devaluation is getting out of control.

fergie001:


Arise TV

Enemiesmasquera:
Amadioha Kee you there
Zombie

malali:


Very good idea.
But we are not technologically there yet
Power and internet has to be 100% before that would be effective.