grandstar:
If this budget is expansionary, then expect the currency to depreciate

Anything else's a lie

Quakertellicus1:
Expected.

The thing is....the Naira won'trise because of budget.The naira would only rise if there is enough foreign exchange to buffer it up.

And the only way to get a stable source of forex is by spending more on power,transport and education, so that we can develop an innovation based economy.

Agric has had its day.As has oil.

desmond2pk:
Meanwhile, the economy has almost gone to the point of no return

veekid:
Buhari is working

grandstar:

.This is not a banana Republic!

Lexusgs430:
I just looked outside, I don't see no Naira dancing on my street.
What should be the reaction of the Naira? A frown or smile?

omooba969:


@bolded,

Can't you see Naira dancing sekem towards #400 - $1 ?

Immarshall:
Just barely 3 days after signing the budget.Cant the writer at least pretend to know about how government works and that this is not "merlin" where problems just disappear in a week's episode. SMH for some people...

divineappo:
Pls who determines the value of d naira in d parallel market? Pls dont tell me its forces of demand and supply, dat economics bullshit is wat d elite uses in destroying dis nation.

Lexusgs430:


It is already dancing at £1 - N460

AreaFada2:


It was the CBN guy who raised the stakes saying Naira will be stronger as soon as budget is signed. He did not say after 24 hours or a 4 months.
So individuals can take it as they think soon enough. And rightly so.

.

True Dat!

Its just a function of whether they are intelligent individuals or mere simpletons masquerading as intellectuals.

vivalavida:

Counter his arguement with a sound one. Stop being sentimental and resorting to insults because u have nothing to say

helpee:
there is nothing magical about it. Simple economics. It just shows the investors dont trust the budget . When news break, currencies all over the world react either positively or negatively. For example, if they believe the signing of the budget will strengthen naira against dollar, speculators holding dollars will want to sell in anticipation of rise in naira. Investors can inject money into the system in anticipation of govt spending for their products and services. This can happen in minutes self. It has nothing to do with implementation. So, if the naira is not excited the budget is signed, it means investors dont believe in your budget and that is not too good a news

lastpage:


Thank you jare!

these " #Wailing nay-sayers" will just find an opportunity to "same something" ............. even if it is profoundly silly!


Bookmark this thread and compare the value of Naira today, to about six months time.



Lastpage!

martdap12:
OK, is dollar affecting the price of fresh tomatoes too?

Immarshall:
Just barely 3 days after signing the budget.Cant the writer at least pretend to know about how government works and that this is not "merlin" where problems just disappear in a week's episode. SMH for some people...

omooba969:


Osanobuaaaa!!!

Lexusgs430:


This is the time to earn in £ and spend in N

OLADD:


It shows you know little or nothing about economics. One hour is enough for a reactionary impact on the value of any national currency All over the world, monumental /colossal economic or political decisions (one of which is budget signing ) trigger almost immediate market reactions but in the case of Nigeria, nothing changes.

menxer:


Those economies you are comparing us with, do they reason like us?

Do we share their level of patriotic zeal?

Take a cursory look at some of the comments here, are there are not self destructive?

We shouldn't allow political sentiments/frustration of the past to cloud our national vision for the future.

menxer:


Those economies you are comparing us with, do they reason like us?

Do we share their level of patriotic zeal?

Take a cursory look at some of the comments here, are there are not self destructive?

We shouldn't allow political sentiments/frustration of the past to cloud our national vision for the future.

Lattop:
Ewo ni werey gan

M4gunners:
Hu d budget don epp now? Tomato is still costly in the market, likewise rice and meat.And today is Sunday u know what that means i guess.

M4gunners:
Hu d budget don epp now? Tomato is still costly in the market, likewise rice and meat.And today is Sunday u know what that means i guess.

OLADD:


Patriotism seed only thrives on a ground that's enriched with manures of justice, fairness,sincerity of purpose, inclusiveness and upholding basic tenets of democracy.

But this administration, going by its selective judgment and persecution, vindictiveness, economic and political missteps, policy summersaults etc has not encouraged many citizens to believe in Nigeria's future. That's the truth unless we just want to continue with the voyage of pretence which we have always embarked on since 1960.

obontami:
[size=20pt] make una do make dollar come down so price of toto of olosho's nation wide sef go come down....mbok [/size]

Immarshall:
Just barely 3 days after signing the budget.Cant the writer at least pretend to know about how government works and that this is not "merlin" where problems just disappear in a week's episode. SMH for some people...

Dahveydson:
Sigh

A budget that was signed on Friday, you want it to affect the dollar on sunday? Is that not madness? Op you think the budget is a magic wand or what?

I guess you're under the toxic effect of wailerism. Continue on your path.