Stats: 3,187,775 members, 7,933,075 topics. Date: Tuesday, 27 August 2024 at 06:19 PM |
Nairaland Forum / Nairaland / General / Politics / Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 (25857 Views)
Senate To Invite Emefiele Over Naira Devaluation / Rising Food Prices, Serial Naira Devaluation Compound Nigerians’ Woes / Finance Bill: Senate Mulls Taxing DSTV Premium Bouquet (2) (3) (4)
(1) (2) (3) (4) (Reply) (Go Down)
Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by dre11(m): 10:45pm On Mar 17, 2020 |
…Ministries of Finance, Petroleum, CBN to brief chamber The Senate Tuesday said it is considering the removal of fuel subsidy and the devaluation of the Naira as part of measures to stem the looming economic devastation caused by the spread of the Corona virus (COVID-19) on the country’s economy. https://thenationonlineng.net/senate-mulls-naira-devaluation-subsidy-removal-over-covid-19/ 2 Likes
|
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by DonFreshmoney(m): 10:48pm On Mar 17, 2020 |
It has begun. Naira would soon be devalued to N1000 to a dollar. Nigeria is a big mess.. Our people never suffer finish. 42 Likes 1 Share |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by Blakjewelry(m): 10:50pm On Mar 17, 2020 |
I don't know what is stopping these guys implementing the cbn revaluation of the Nigeria 12 Likes |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by GamalNasser: 10:50pm On Mar 17, 2020 |
Which subsidy ? I thought the lying Major General said he was under recovering ...But with price of crude oil below 30 dollars per barrel what subsidy are we talking about ? They should just say the want to increase fuel price so they can have what to loot as usual , all other countries are mooting fuel price reduction and satanic APC is talking of removing subsidy , at 30 dollars per barrel there can be no subsidy in effect , what difference are they subsidizing at 30 dollars per barrel ...when Buhari can he claimed he had removed subsidy completely and took fuel price to 147 per litre till today he cannot show what he did with money he gained before he now claimed he was paying under recovery because crude had gone to 70 dollars per barrel and now it below 30 dollars the wicked man is still claiming he is paying subsidy !!!! Paying subsidy on what ? In 6 years the failed man has not fixed a single refinery , has not improved electricity , has not stabilized the naira and now he wants to add a new fuel tax under the guise of removing a non existent subsidy ..there can be no subsidy at 30 dollar per barrel!!!!! 104 Likes 8 Shares |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by GOFRONT(m): 10:53pm On Mar 17, 2020 |
Since the coming of Covid19, I have not heard from MANNABBQGRILL and Darling Daddy.. 48 Likes 2 Shares |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by Nbote(m): 11:00pm On Mar 17, 2020 |
Dey have found an excuse to remove d subsidy and increase pump price 3 Likes |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by johnmartus(m): 11:04pm On Mar 17, 2020 |
The so called minister of finance that have no experience in financial sector was given this sensitive position. I'm here watching I will see what she will offer. I pray $1= 3000. 9 Likes |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by NdiaraIGBO: 11:34pm On Mar 17, 2020 |
Blacks don't want to produce anything but love to consume every rubbish! Una go suffer tired!!! 190m fools. 34 Likes 5 Shares |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by Nobody: 11:39pm On Mar 17, 2020 |
Does Buhari know what subsidy is now? Or is the vegetable still leaving in self delusion? 20 Likes 3 Shares |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by Officialgarri: 11:51pm On Mar 17, 2020 |
Awol1:Baba, try to be smart when making comments. And stop forcing your name on us by posting your picture on every comment you make. Your comments, rather than prove you to be intelligent, only shows you are here for the "likes". You are not smart enough to be known. Back to the topic: While I'll ignore the removal of subsidy for now, I believe Devaluation of Naira would have been the best option in this period we are. We can't keep defending the Naira with the reserve only. However, for how long shall we continue to devalue? It's always like Nigeria devalues and then sits back and let it slide. It should not be so! This is the time where the Minster of Science and Tech. (Who has been promising us production of pencils, go to space and so many unfound promises) Minister of solid minerals, and Minister for Agriculture — should be summoned and given a strict deadline to up their games. We need to export so badly and bring down importation to the least possible 15 Likes 4 Shares |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by Nobody: 11:55pm On Mar 17, 2020 |
Officialgarri: Swerve 13 Likes |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by NdiaraIGBO: 12:10am On Mar 18, 2020 |
Awol1: Too many idiots on nairaland! 4 Likes |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by NdiaraIGBO: 12:10am On Mar 18, 2020 |
ScammerLeo: Another empty head 2 Likes |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by Maxymilliano(m): 12:37am On Mar 18, 2020 |
When crude oil crash: Prepare for tough times - FG. When the price of crude oil was good, did the government advised us to prepare for good times ? 56 Likes 4 Shares |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by aribs(m): 5:19am On Mar 18, 2020 |
Can this subsidy be removed already? |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by kayusely70(m): 5:29am On Mar 18, 2020 |
The cost of governance is too much. We should reduce it. 6 Likes |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by YorubaKinging: 10:48am On Mar 18, 2020 |
Remove the subsidy already But I know something When God wants to punish a nation, He will give them into the hand of useless and wicked leaders And also when it's time to bless his people, He will raise someone like his heart to lead his people Very soon, you'll see your king who will lead you forever 12 Likes 1 Share |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by wonuks(m): 10:48am On Mar 18, 2020 |
![]() |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by Humphrizy(m): 10:49am On Mar 18, 2020 |
Dollar dey increase....Naira dey fall ...Dx country matter big pass Zuma rock..we gather dey sha. Man go dey alright..If you need Original pure Honey..Call/Whatsapp 081 01 66 6771 Thanks and God bless... Coronavirus no go see us atall 1 Like 1 Share |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by virginboy1(m): 10:49am On Mar 18, 2020 |
On the contrary, if our Politicians gets sick, where do they go for Medical Check up now? ![]() 13 Likes 2 Shares |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by Mosthandsomeboy(m): 10:50am On Mar 18, 2020 |
Ewoh
|
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by MorataFC: 10:50am On Mar 18, 2020 |
Hmnmn Yeri e, oko mbo |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by yrex01(m): 10:50am On Mar 18, 2020 |
Adaran |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by Nobody: 10:50am On Mar 18, 2020 |
My own is just that Boris Johnson and his Chancellor should give themselves brain like D.Trump and send my money to my accant. Tax break and mortgage break doesnt cut it for me. All this talk of stimulus package is not stimulating anything abeg ![]() 2 Likes |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by mvem(m): 10:50am On Mar 18, 2020 |
Nbote:I think pump price will reduce |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by Lovelies1: 10:50am On Mar 18, 2020 |
Just 1 Like |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by OakConsultNG: 10:50am On Mar 18, 2020 |
Interesting times.. Meanwhile, Register your Business, Church and Company with the CAC at discounted prices. Obtain your TIN. Check our signature and page for more details. Offer lasts for a limited period only. |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by Perfecttouchade: 10:51am On Mar 18, 2020 |
Ok, I pray something positive is done to make Nigerians enjoy the country..but wait Why is it that people fight here on Nairaland on every thread? ![]() 2 Likes |
Re: Senate Mulls Naira Devaluation, Subsidy Removal Over COVID-19 by BruncleZuma: 10:51am On Mar 18, 2020 |
![]() ![]() ![]() ![]() 2 Likes 1 Share |
Travellers Stranded On Maiduguri-Damaturu Highway As Boko Haram Attacks Military / Chime Buys Daughter-in-law Range Rover As Wedding Gift (Pictures) / ABU Graduates Defend Dino Melaye, Say Their Names Not On Convocation List Too
Viewing this topic: 1 guest(s)
(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. 39 |