Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,192,855 members, 7,949,016 topics. Date: Saturday, 14 September 2024 at 03:59 PM |
Nairaland Forum / Nairaland / General / Politics / FOREX Crises: 2024 Budget Suffers Major Dislocations (5890 Views)
How I Will Tackle Inflation, Naira, Forex Crises, By Cardoso / Breaking News!!! 2020 Budget Suffers Setback In Senate / Plot To Split APC Suffers Major Setback As Some Leaders Refuse To Join rAPC (2) (3) (4)
FOREX Crises: 2024 Budget Suffers Major Dislocations by Omooba77: 7:18am On Feb 20 |
THERE are indications that the Federal Government may be forced to review the 2024 Appropriation Act as recent developments in the foreign exchange market may have put the financial assumptions in complete disarray. https://www.vanguardngr.com/2024/02/forex-crises-2024-budget-suffers-major-dislocations/ 1 Share
|
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by Coolsperm: 7:25am On Feb 20 |
We Yoruba Muslims does not feel any economic hardship, it seems ipob are out to criticize Tinubus gvt 9 Likes 3 Shares |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by princepeter566: 7:33am On Feb 20 |
I will vote tinubu 2027 for president to show those wicked people that voted for him last year. U guys taught is only u that can be wicked. Tinubu till 2090. This is just 8 months and they are complaining already, what if he complete his 40 remaining months 21 Likes 3 Shares |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by Jax1: 7:40am On Feb 20 |
The drug addict is a clueless daft buffoon, an economic assassin and a criminal by nature. 17 Likes |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by HenryThegreat1(m): 7:54am On Feb 20 |
Terrible situation Nigeria found themselves 11 Likes |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by MajorOvakporaye(f): 8:03am On Feb 20 |
I noticed that many online miscreants supporting APC and the drug criminal, Tilumbu have gone into hiding. These days, they usually enter nairaland to read comments. Suffer go soon finish una. Fools. 17 Likes |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by NairalandForumo: 8:04am On Feb 20 |
sukkot: You've turned to a comedian, your Tinubu has made you a comedian KingKO22: You, you have nothing to say , Tinubu has made you speechless Back to the topic; I warned Tinubu supporters during election, I kept on asking them do you know what you guys are doing supporting this man? Same thing happened when Tinubu began with his policy jamboree, I told them this man is busy putting the cart before the horse, they insulted me. They told me naira is finding its true value and it will peg itself at most at 800 naira, reason why the budget was pegged at that price... I told them you people don't even know what is making the dollar to rise, as long as that thing has not been taking care of then forget it the dollar might keep rising without stopping... Today see where the dollar is.... Lies, deceit and propaganda is not governance 8 Likes |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by phemmie06(m): 8:04am On Feb 20 |
When you budgeted over a billion naira for your wife,no dislocation, when cars were bought for NASS and ministers no dislocation. Hope all of you are not having brain dislocation? 11 Likes 1 Share |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by Eriokanmi: 8:05am On Feb 20 |
The woes will definitely affect everything . How can someone who called himself Mr magician be so myopic to remove subsidy and float the naira same time? Who taught him that type of econs, Chicago State University ? The effect of his bad policies is what Nigerians are facing right now. He should deal with his clueless action. The likes of Benin, Togo, Ghana are just using us to catch cruise at the moment. They to have their challenges but we're supposed to lead by example as the leader we call ourselves. See protests everywhere over hunger... 7 Likes |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by Buhari4dullard: 8:05am On Feb 20 |
Naira is dying and when I remember what Adeboye said, its clear that the man is false prophet Adeboye is clearly a Yahoo Prophet 7 Likes |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by sukkot: 8:05am On Feb 20 |
Hmm forex do that budget strong thing like banky Wellington 🙆🏽♂️ 1 Like |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by lexy2014: 8:08am On Feb 20 |
Coolsperm: A protester in Ibadan said: “Garri is now our best food. We got Garri cheaper during Goodluck Jonathan regime. We said it's our turn, Yoruba's turn (Emilokan), doesn't mean we won't be able to eat again or is it until we d!e of hunger” he lamented". 4 Likes |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by nairalanda1(m): 8:08am On Feb 20 |
Yass, effect of not pulling away from oil. Here we are, in the land of unago. c. shege. 2015, I WILL DIVERSIFY THE ECONOMY 2024; Economy still not diversifed. 1 Like |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by keymatt(m): 8:09am On Feb 20 |
Nigeria jagajaga under white powder govt. Let the trial and error continue, after all, they're teaching we sane Nigerians bitter political lesson. 3 Likes
|
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by lexy2014: 8:10am On Feb 20 |
princepeter566: A protester in Ibadan said: “Garri is now our best food. We got Garri cheaper during Goodluck Jonathan regime. We said it's our turn, Yoruba's turn (Emilokan), doesn't mean we won't be able to eat again or is it until we d!e of hunger” he lamented". 1 Like |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by crossfm: 8:11am On Feb 20 |
Hehehe. Everything is suffering in Nigeria today. 1 Like 1 Share |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by KingKO22: 8:11am On Feb 20 |
Pk |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by Walai(m): 8:20am On Feb 20 |
I thought some miscreants said we need not worry about dollar rise cos we spend in naira. Why is dollar rise now affecting a whole national Budget ? Looks like a particular region in this country have more foolish people per square kilometer 4 Likes 1 Share |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by optimusprime2(m): 8:21am On Feb 20 |
It's not just a FOREX crisis please... It's a National Economic crisis. 1 Like |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by Honestey: 8:28am On Feb 20 |
That's more than just dislocation, it has suffered multiple fractures 1 Like |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by NaijaCowFarm: 8:30am On Feb 20 |
Tinubu is the WORST president Nigeria ever had Even Buhari with First School Leaving Certificate is smarter than the Chi-cargo 1st degree holder 1 Like |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by sukkot: 8:35am On Feb 20 |
NairalandForumo:😄 |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by dettolgel: 8:35am On Feb 20 |
If all the politicians in Nigeria decide that for the remaining months of 2024 they will only receive 35k as monthly salaries no additional benefits. They will not claim the vehicles that supposed to be giving to them this year. No travelling for the rest of the year. I can assure you that our budget will improve considerably. 1 Like |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by seunlayi(m): 8:36am On Feb 20 |
What else do they expect? Its not funny, a seed of groundnut now have more value than ₦1. Buy ₦100 groundnut, go to one corner and count it , Go confirm it 2 Likes |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by koondog: 8:38am On Feb 20 |
This government is so disorganized and inexperienced. This is why you don't effing float the naira. You passed a budget based on a dollar to 800 Naira. With Naira now floated, it has now lost its value to 1700 Naira to a dollar, that over 100% devaluation, meaning cost of goods have more than doubled or even trippled. In practical terms, they will need to pass a supplemental budget almost the same amount as the previous, why? Naira has lost its value from 800 naira to 1700 naira to a dollar and other currencies. This is major blow to the government, now they will need to borrow another $billion to supplement. Keep in mind they borrowed most of the original budget. He needs to fire that CBN governor, constitute a committee of the best of Nigerian economists and top bankers with people like Okonjo Iweala, Charles Soludo, Akinwumi, Olusegun Aganga, Sanusi, Elemulu, e.t.c. Aviod tribalism again, they will advise you truthfully on what to do and recommendation on 3 names to appoint as CBN governor. I feel sorry for Tinubuu, the kind of stress he is under right now at his age, can induce alzheimer. 2 Likes 1 Share
|
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by ambale(m): 8:40am On Feb 20 |
I wonder how and why investors will even come into an economy in disarray Protest could break out anytime and your investments attacked. I thought you guys called him a master strategist and ordinary to stop the free fall of the Naira and keep it at 1500 at least he couldn't do that. This man na full disgrace🤔 1 Like |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by seunlayi(m): 8:41am On Feb 20 |
Buhari4dullard: Obviously , the lens he used to see this vision is blurred. He should have specified the time maybe this year it next century 2 Likes |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by yeman05(m): 8:42am On Feb 20 |
Pls pardon my deviation. But whr is that Moniker now, that “God’s deputy” that said “it is end time and the heat has come to stay and nothing anyone can do abt it” and all that. It has bn raining for three consecutive days now and u don disappear. It is sorry that so many people do not see the Bigotry in them and are quick to label others as such. |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by Focusmind: 8:48am On Feb 20 |
Inflated government expenses are fueling the decline in value of naira. That is a known fact. Have you asked yourself where unspent budgetary allocations goes to? It goes to the parallels market to be converted to dollars, thus fueling excess naira in circulation. Imagine budgeting N1bn for feeding. At the end of the year, the person may not have spent up to N100m in feeding for his wife. Where does the remaining N900m go to? Most government officials do not keep unspent budgeted naira. It is either it is invested in properties or converted to USD and kept. The action of government and top civil servants over the years may have contributed and still contributing to the persistent downfall in naira 1 Like |
Re: FOREX Crises: 2024 Budget Suffers Major Dislocations by Rutherford2019: 8:49am On Feb 20 |
This is the economic policy 3 Likes
|
The Death Of Beko Ransome Kuti / My Uncle Was Poisoned’: Family Source Of Audu Abubakar Reveals DETAILS / Prof Sagay Resigns As Chairman Presidential Advisory Committee On Corruption
(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 |