Thank God for that. So let's see it beging to affect the ordinary man on the street.

PDPwayoo:
Sharap. PDP came to power when the 3 refineries are working in full capacity. When will u people rise above sentiment?

You mean the Agbaya of Owu led PDP right, not so

Bro, you have been SCAMMED big time walahi



www.nairaland.com/attachments/2102459_apcteam_png6dc9407cdcc2b68174c445361fc3e4c9

dayo23:
GEJ kor GOAT ni! Your head like tumbler.

Get lost you zombie

Are we suppose to be jumping up and down for this news, when people can not access dollar in the bank to make payments. Is this how it is in other countries? Those Rich guys that usually buy their dollars from the Bank, you chased them to BDC or out of business.

ewa all ur family members DULLARD

Heluwajohnson:

U just won an award:
THE MOST VALUABLE DULLARD OF NAIRALAND

melya:

Only those who got Eyes to reason can see the laid foundation not some ,,,,,,,,,,,,, '''',,,,,,,,,, like ?u?

you see? So folks from your village do reason with their eyes . smh. Please go get a refund. Your education was/is a scam.

Emekamex:

You mean these guys?

Bros, you sabi dem....... The wannabe economist want the Governor GONE

SouthernBreeze:
APC and noise are like bread and butter. When will dey ever be serious for once. May God help us

Bad news for bad minded people. Sorry for you.

We are watching

PDPwayoo:


Sharap. PDP came to power when the 3 refineries are working in full capacity. When will u people rise above sentiment?

wetin you smoke this morning, if you don't know anything about refineries keep shut

bakila:

Bad news for bad minded people. Sorry for you.

I mourn ur sense of reasoning

anonimi:


A manager who does not INVEST in new machinery, raw materials supply, human capital development etc but SIMPLY sits on revenue from PREVIOUS investments is only cultivating a time bomb.



The Turn Around Maintenance paid for by Jonathan is bearing fruits as expected.






Let Brainless Booboo ensure continuity of this good policy to avoid a repeat of his FAILED two years as military DICTATOR.




www.nairaland.com/attachments/2095210_worst_jpeg588f192a23aa02a7b350a8bbe5d18306




www.nairaland.com/attachments/2191699_bc5fu8aevkci_jpeg7fd60ed9cdeded70e187b8a2c1fd9480

As in eh... everything positive that has been coming up lately are results of GEJ'S policies. Yet to see anything Baba can boast of that he did himself

Flets:
Another loose propaganda when this is pure economics.

Prior to this time, the FG through CBN provides buffer for the Naira using the reserves. This is done by financing foreign transactions at CBN fixed rates... and this includes importers, students, medical tourists, PTA etc. As such, Nigerians with proper documentations do not buy dollars from the black market as this is financed through the CBN

Fast forward to last few weeks, CBN has stopped financing imports for 40 staple items including rice, tomato paste etc. These were the bulk items that make up over 80% of the CBN foreign transaction financing. Unfortunately, these importers have had to go seek for foreign currencies in the black market.

Due to this happenings, The dollars that were hitherto available for buffering the naira through financing foreign imports have been re-channelled back to the reserves.

But unfortunately, this is also one of the major reasons a dollar is selling for 245 naira because these importers have increased the demand in the black market, a kilo of chicken has increased from 700 to 1200 and almost the price of every item in the market has risen by 20% or more.

The key question is now.... Do we have to grow our reserves at the expense of very high inflation? Of what benefit is it to the Nigerian masses that we have a huge reserve but the Naira is in a mess and the masses with a minimum wage of 18K cannot afford to eat.

The current increase in reserves is a farce and the bane of our current economic and financial troubles. This is why the country desperately needs the services of a finance minister/ economic adviser to check the activities of CBN

I agree it's pure propaganda. You won't expect anything less from the Nigerian media whilst the country's inhabitants suffer. However, I disagree with your implication that reserves should not be accumulated because this will cause inflation. I suspect most Nigerians are not heavy consumers of imported products so managing inflation by depleting scarce forex serves only a minority of Nigerians. For imported goods, if the Naira is left to find its true value, the resulting increase in import costs will help curb import and put the economy on a more sustainable path.

What the CBN should do is "merge" the official exchange rate with the parralel rate by allowing the Naira drop to its true value and stop this nonsense of trying to fix a rate. Let the market decide the rate not the CBN.

basigani:
APC is the worst thing to ever happened to Nigeria...with Their terrorist President.

Take it Easy Friend...

Ok kontinue.......

SouthernBreeze:
APC and noise are like bread and butter. When will dey ever be serious for once. May God help us

Just like u and craziness are like bread and butter, so u saw nothing good in all those acheivements, enemy of progress!

Brethren of the Wailers International Assembly are hereby invited for the Monthly Wailing Gathering

Tagged

Waling Non Stop: Wail Your Life Through August 2015

SouthernBreeze:
I mourn ur sense of reasoning

When u should be busy mourninhg ur own sense of reasoning, why u come like another person pass urself now?

I think this government is being unserious here.

CR77:
Where are the pictures of the refineries working



APC is just full of propaganda and lies...

I don faint! Picture of the refinery working?
bros expect some picture from Saudi Arabia passed off as PH refinery

anonimi:


A manager who does not INVEST in new machinery, raw materials supply, human capital development etc but SIMPLY sits on revenue from PREVIOUS investments is only cultivating a time bomb.



The Turn Around Maintenance paid for by Jonathan is bearing fruits as expected.






Let Brainless Booboo ensure continuity of this good policy to avoid a repeat of his FAILED two years as military DICTATOR.




www.nairaland.com/attachments/2095210_worst_jpeg588f192a23aa02a7b350a8bbe5d18306




www.nairaland.com/attachments/2191699_bc5fu8aevkci_jpeg7fd60ed9cdeded70e187b8a2c1fd9480

To call u a brainless pig is a compliment, u need to be qualified with something worse! Can't u borrow sense at least for once?

cashkid:


Just like u and craziness are like bread and butter, so u saw nothing good in all those acheivements, enemy of progress!

I don't argue with kids. When you finally grown to be a man, we can talk

kenedy175:
As in eh... everything positive that has been coming up lately are results of GEJ'S policies. Yet to see anything Baba can boast of that he did himself

Did the man not say he met an EMPTY treasury Never mind his N2.2 billion jamboree to shake hands with Obama.

Has the man issued any policy statement or does he even have ministers?

Brainless Booboo is simply leading a government of NO direction despite being a FAILED candidate in 2003, 2007 and 2011. He won elections since March 31 yet still confused on how to govern.

We have been SCAMMED by these progreTHIEVES walahi




www.nairaland.com/attachments/2110433_photogrid1423507310454_jpeg15665798139e20373fd1ab95e35707b5

#Change

cashkid:


When u should be busy mourninhg ur own sense of reasoning, why u come like another person pass urself now?

small boy

A Tanker loaded with fuel just fell down along Ife-Gbongon road now. People are risking there life taking fuel from the tanker.Pls,search d info U might saves lives. - LeeTauRus's Care

kenedy175:



As in eh... everything positive that has been coming up lately are results of GEJ'S policies. Yet to see anything Baba can boast of that he did himself

The policy of stealing is not corruption abi? Bunch of clueless idiots!

Leopantro:
Shhhh. Barcanista would soon open a counter thread . Just pretend everything is falling to pieces

So in your own opinion things are falling into place? Nigeria is falling more and more apart if you have not noticed...Our economy is getting worse, Boko Haram activities are on the increase, oil theft etc....and to make matters worse our dear president disgraced the whole nation by digressing from a direct question he was asked to tell us his mind that some regions will benefit more from his administration...By that statement alone, he has divided the country into religious and ethnic lines this early in his administration....Expect a rough ride..

BedLam:
you see? So folks from your village do reason with their eyes . smh. Please go get a refund. Your education was/is a scam.

Scam indeed, I got eyes to reasons, thanks to scammed eadukeshion

Alllrriiigghhhttt!!!!!!!!! The questions i have are as follows:
- why is the price of fuel not going down
- Why are the prices of foodstuffs skyrocketting
- Why is the gap between the Naira and the dollar increasing
Why are we not experiencing any form of relief in our security situation.
And a whole lot more?? Can the Op begin to shed more light on these with sound economic analysis please?

cashkid:
To call u a brainless pig is a compliment, u need to be qualified with something worse! Can't u borrow sense at least for once?

It is obvious you do NOT have any brain of yours otherwise you would have offered that I borrow yours instead of asking an empty, rhetorical question.

Below is an appropriate message for you and your likes =>



www.nairaland.com/attachments/2142301_110063925224669212248992314142844844617683n_jpeg_jpegec3968f14ef463ba83e8b8cc82de2177

anonimi:


Did the man not say he met an EMPTY treasury Never mind his N2.2 billion jamboree to shake hands with Obama.

Has the man issued any policy statement or does he even have ministers?

Brainless Booboo is simply leading a government of NO direction despite being a FAILED candidate in 2003, 2007 and 2011. He won elections since March 31 yet still confused on how to govern.

We have been SCAMMED by these progreTHIEVES walahi




www.nairaland.com/attachments/2110433_photogrid1423507310454_jpeg15665798139e20373fd1ab95e35707b5

The only thing they were bent on was grabbing power by all means. Now that they have achieved it, they are confused.

They lack direction, clueless, idea less, aimless..

I just pity the people that voted them into power. They go wait for miracle tire