The truth is this......THE DEED HAS BEEN DONE

Tinubu attempt to float the naira ( I never believed that Wale Odun they hyped didn't even know basics of currency floatation) crippled the naira...

The timing was off, the implementation was laughable honestly, it's the equivalent of trying to start a multi cycle gas turbine the same way u start a house generator.l, lmao funny attempt

The the ill planned removal of subsidies fueled panic which lead to more dollar demand which lead to more panic THEN HE WAS FORCED TO RETURN SUBSIDY AND DEFEND THE NAIRA... Same mistake Buhari made

What most Nigerians don't understand is this exchange rate means nothing even if dollar exchanges at 1 dollar to ₦15, 000 it would only cause temporary ripples... The most important is is it stable? If I convert 1000 dollars to naira travel for 5 years would I be able to convert the naira again to 1000 dollars... That's what Obi was trying to say

Back to the main topics

See the price of things today have never ever been cheaper in a long while ( if you convert it to dollars) but the problem is Nigerians have become poorer there lies the problem not the price

APC should focus on making Nigerians richer instead of focusing on bringing down the price which realistically is impossible

And the only way to do this now is simple
Borrow more money if you can, cancel project if u must

Raise 15 to 35 trillion dollars before 2027
And invest that money into SMEs

Not just any SMEs they must be in import substitutions or exportation products that are viable in key areas we have comparative advantage

Any other thing would make things get far worse... Increase the economic starter package needed


Once again I rest my case
To my kids who would read this in the future you see daddy tried

Then People are going to react negatively.

It shows the inefficiency of wale edun and Tinubu combined. How can you combine subsidy removal and floating the currency at the exact same time. What a colossal error. I expected all of these

Zwooks:
It shows the inefficiency of wale edun and Tinubu combined. How can you combine subsidy removal and floating the currency at the exact same time. What a colossal error. I expected all of these

It's simple

"You can't give what you don't have"

Zwooks:
It shows the inefficiency of wale edun and Tinubu combined. How can you combine subsidy removal and floating the currency at the exact same time. What a colossal error. I expected all of these

What most people don't know is this economics is divided into two micro n macro economics

Starting from Buhari everyone APC has appointed where semi experts in micro economics which is what u find in private sector n to a large extend States

Federal level however when it comes to monetary policy and fiscal policy it's purely macro economics

Macro is crazy because it takes into account several factors and IT IS TIME SENSITIVE

I can tell u for a fact Buhari took mostly the right decision but his timing was always off by months or years

mrvitalis:

What most people don't know is this economics is divided into two micro n macro economics

Starting from Buhari everyone APC has appointed where semi experts in micro economics which is what u find in private sector n to a large extend States

Federal level however when it comes to monetary policy and fiscal policy it's purely macro economics

Macro is crazy because it takes into account several factors and IT IS TIME SENSITIVE

I can tell u for a fact Buhari took mostly the right decision but his timing was always off by months or years

Off by years. The macro economic after effect of the politicking APC employed in getting Buhari into power triggered everywhere. You don't spread chaos to limit spending but rather spend much more and keep negative to a bearable minimum to foster massive spending. This lesson is what APC is yet to understand from it's governance in Lagos up to Federal level. APC is using Nigeria to learn what PDP has mastery of

Zwooks:



Off by years. The macro economic after effect of the politicking APC employed in getting Buhari into power triggered everywhere. You don't spread chaos to limit spending but rather spend much more and keep negative to a bearable minimum to foster massive spending. This lesson is what APC is yet to understand from it's governance in Lagos up to Federal level. APC is using Nigeria to learn what PDP has mastery of

PDP were smart

What PDP did so well was they identified the my ministries and agencies that were key to growth and smooth running of the nation

Placed them under the control of competent none political technocrats

Them continued to steal and loot their own giving the technocrats free hands and respects

mrvitalis:

PDP were smart

What PDP did so well was they identified the my ministries and agencies that were key to growth and smooth running of the nation

Placed them under the control of competent none political technocrats

Them continued to steal and loot their own giving the technocrats free hands and respects

APC is using Nigeria to learn simple

helinues:

Bros everything written above is beyond your mental capacity... U can't write a rebuttal about anything there

I doubt you even understand the write up to start with

Go and lock for topics within your mental capacity

mrvitalis:

Bros everything written above is beyond your mental capacity... U can't write a rebuttal about anything there

I doubt you even understand the write up to start with

Go and lock for topics within your mental capacity

Abi oo, na why I no even bother to drop any comments.

My sanity is really matter to me.