NewStats: 3,261,272 , 8,173,584 topics. Date: Wednesday, 28 May 2025 at 05:57 PM 735z4o6z3e3g |
5 CBN Circulars That Calmed FX Market (14749 Views)
Jilo83(m): 6:32am On Feb 12, 2024 |
The former royal father stated: “I have been, over the years, talking about the pending crisis ahead of the current economic hardship. Any economist who has studied monetary policy in the last eight years knows that Nigerians will fall into this difficult situation. “The difficult situation Nigerians are facing is just the beginning (if the right decision is not put in place) because Nigeria is not exceptional; such situations happened in , Zimbabwe, Uganda, and Venezuela. “The previous istration turned adamant about our appeal for corrective measures (on the economic policy). I have said in the presence of the now sitting president in Kaduna state, any politician who tells you that things will be easy, don’t vote for him because he is lying. People merely dismissed my advisory as a political statement. “If I am to be fair and just to President Bola Tinubu, he is not to blame for the current hardship; for eight years, we were living a fake lifestyle with huge debt from foreign and domestic debts. The Central Bank of Nigeria owes over N30 trillion, which resulted in debt service suring 100 per cent. “I can’t other Nigerians criticising Tinubu on the current economic hardship, and I am not saying he is a saint free from wrongdoing, but in this current economic situation, President Tinubu is not to be blamed. I will also speak if I see any wrong economic policy of the Tinubu istration in the future “It’s injustice for anyone to blame the Tinubu istration for the current economic hardship because there is no other alternative than the removal of the fuel subsidy. After all, Nigeria cannot even afford to pay the subsidy. In the last eight years, the Central Bank continued to print more money, and the Naira continued to depreciate. There is too much naira in circulation because the CBN is printing the currency without restraint. “The economy was poorly managed, and they are not willing to take advice; in the last eight years, apart from sycophancy, nothing has been done; those sycophants are those buying the dollar at the rate of N400 and selling it at the rate of N600 to N700. “A boy who has no record of service has a private jet and owns houses in Dubai and England just because he is buying dollars at so a rate and selling them. “I can only plead with the people to endure the hardship, and those who have the means to help the downtrodden should do so. “I am also pleading with commoners to live according to their earnings; we must not peg our lives above our earnings in this difficult situation where people are looking for what to eat. _Mohammed Sanusi(Former Cbn Gov) 1 Like |
NinjaMetahuman: 7:15am On Feb 12, 2024 |
VeryWickedMan:verywickedliar lol. Oya give us your aboki number I wan change dollar at that rate. |
Luckysbab: 7:33am On Feb 12, 2024 |
vanbonattel: Useless tribal bigot. |
Ballmer: 7:42am On Feb 12, 2024 |
So long Tinubu won't be replace with a notorious Pandora looting criminal like Peter Obi I am down for the revolution now. EreluRoz: franchasofficia: |
Ballmer: 7:48am On Feb 12, 2024 |
Obi would have this n that what are Obi antecedent to justify all that you claim on his behalf if not tribalism n bigotry de worry you. Was Obi appointment as governor not bias towards Catholic, did he not chase Igbos from other state away from Anambra civil service ? Did poverty rating in Anambra not increased under Obi ? Did he not increase tuition by over 300% ? Was he not caught looting ₦250 million monthly directly from Anambra secretariat to his warehouse at Orile in Lagos by Marvel Akpoyibo ? Was kidnapping n armed robbery not rampant under Obi as governor ? So where n how did you arrive at Obi bringing Eldorado judging from his antecedent as spelt out here. franchasofficia: 2 Likes |
Codeye(m): 7:52am On Feb 12, 2024 |
VeryWickedMan:Stop lying! |
CyracksMrBlogger(m): 8:02am On Feb 12, 2024 |
franchasofficia:that's a big lie, that tribe would have used that as an opportunity to rake and finish Nigeria totally because they feel it is their turn and they will recover what they were deprived of long ago. That tribe are the ones sponsoring all these negative acts, sabotaging the country to make it terrible. It will surely end to their defeat one day |
BreconHills(m): 8:29am On Feb 12, 2024 |
VeryWickedMan: That's not the rate. The rate is unlikely to breach the 1490 again. Pro government people pick the best possible rate while opponents of the government pick the worst possible rate. Truth is always a casualty in war. The reality is that speculation has become a business for a minority while for a growing number inflation has made the USD national store of value. There is nothing this government has done wrong, they might have done some things better but no impartial observer can fault their strategy. The narrative is not innocent citizens vs wicked government. It is selfish and entitled but powerful minority of citizens vs an embattled government. Strangely enough, the APC must be silently happy to have reached the bottom of public opinion so early in their first term. |
bitbillionaire: 8:53am On Feb 12, 2024 |
Jilo83: Idiotic reasoning there from whoever made the above comment. 'The current economic hardship' Nigerians are facing are a direct result of Tinubu's policies! Hurriedly removing fuel subsidy without providing any palliative and recklessly floating the Naira knowing fully well that Nigeria is an import dependent nation that will always need to sell the Naira in order to buy dollars and other foreign currencies in order to import over 90% of what it consumes. You don't need to be a rocket scientist to know that these two actions of Tinubu are capable of plunging the Naira and the economy into the abyss that we are seeing now! On the claim that Nigeria cannot afford to pay subsidy, I don't think that is true. Subsidy itself was never the problem. The real problem with subsidy was the mind-boggling corruption behind it plus the fact that every government in power seems to lack political will to tackle the corruption because of fear of stepping on some powerful toes. In the present state of the country's economy, uprooting corruption in the subsidy system and making sure all those involved in the corrupt activities are prosecuted and jailed would have been in the overall interest of Nigerians rather than removing the subsidy completely. 1 Like |
Anaskie(m): 9:07am On Feb 12, 2024 |
FreeStuffsNG:You guys need to realize that Propaganda isn't working anymore. It may have worked a bit during Buhari's regime, but hunger has made Nigerians much wiser. Haven't you noticed that the usual tribal wars are also not working? It has now become stale and no longer attracts the usual responses. Madriduy, FreeStuffsNG, seunmsg and co. It would be best if you guys talked to your bosses at the top. When you meet them offline, find a way to tell them the truth. Nigerians are tired of the rising inflation and constant kidnappings. The government needs to do better. |
grandstar(m): 9:16am On Feb 12, 2024 |
EreluRoz: Most revolutions cause more problems than they solve. 2 Likes |
PHAYOL81: 9:28am On Feb 12, 2024 |
Okay
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bitbillionaire: 9:30am On Feb 12, 2024 |
Ballmer: Even though you don't have evidence to proof this but the truth is every nation and every state is after its self-interest. No responsible governor anywhere allows its state's civil service to be over-run by indigenes of other states at the expense of his own people. Ballmer: Do you mind telling us with verifiable evidence what poverty rate was before Obi became governor and what it was after he left the office? Ballmer: Can you tell us with verifiable evidence how much tuition fee was before Obi became the governor and how much it was after he left office. Can you also tell us with verifiable evidence and authentic link to the source of the information, the state of education of Anambra State before Obi became the governor and after his tenure? Ballmer: Can you show us a video evidence to you claim that Obi looted the above amount monthly? Can you also tell us why EFCC and subsequent governors of Anambra state never bothered to probe and prosecute him? Ballmer: Can you tell us with verifiable evidence and link to the source of the information what kidnapping and robbery rate in Anambra was before Obi became the governor and what it was after he left office? Your answers to the above questions will help us make informed decision in the future. Thanks. Mind you, I need answers with verifiable evidence and a link to the authentic source of the information you are giving. 1 Like |
EreluRoz: 10:00am On Feb 12, 2024 |
grandstar:It will cause more good to Nigeria than any harm more than we are already facing |
grandstar(m): 10:17am On Feb 12, 2024 |
EreluRoz: The massea will make unaffordable populist demands which will further impoverish the nation. It will be far worse 2 Likes |
paskal16: 10:20am On Feb 12, 2024 |
FreeStuffsNG:dunce 1 Like |
Ballmer: 11:05am On Feb 12, 2024 |
Below Is the answer with verifiable links to all your questions on the failure Peter Obi represent, I know it won't change you opinion due to tribal sentiment but it also will not change the fact Peter Obi is a failure. A ruse promoted base only on tribal n religious sentiment depending on who you talk to. Peter Obi as no verifiable history of performance in governance this in addition to carefree looting of stats resource such as looted fund into his daughter Pandora . Igbos justifies this claiming he own the before becoming governor if you are interested I have info the was not opened in his first term as governor but second term which is most when Nigeria govern loot ceaselessly n this after Marvel Akpoyibo commissioner of police Lagos state discovered his method of looting ₦250 million monthly from Anambra secretariat to his warehouse at Orile in Lagos. Investing state fund into private business with no return like brewery, the 4 billion into Orient Petroleum Refinery which is yet to refine a single little of fuel till date etc. The list is endless. bitbillionaire:
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Slurity(m): 11:31am On Feb 12, 2024 |
franchasofficia:So sorry for the way the current situation has affected your business but be encourage, Tinubu tenure will still favour you and your business. Go and note it, Nigeria has a big hope with Tinubu painful decisions. We have eaten our future with the past government policies. Tinubu making the right decision I swear, but it is painful we are feeling the pain deep to bone. |
loswhite(m): 12:56pm On Feb 12, 2024 |
EreluRoz:Lol please continue your . If a party can produce and back a disaster like Buhari for 8 years then a normal human being is not supposed to that kind of party but ...lol you guys are not normal in Nigeria. Imagine some even ing osinbajo....smh. Tinubu must complete his 8 years....no revolution. |
loswhite(m): 12:59pm On Feb 12, 2024 |
franchasofficia:It will favor me and my family...lol. A policy is not supposed to be celebrated because it favors you but rather if it will help a lot of ppl in the country. A Nigerian prayer is a selfish prayer. Father in the midst of hardship me and my family case will be different...lol we are wicked ppl even our prayer points is wicked. |
Vision101(m): 2:20pm On Feb 12, 2024 |
@vanbonattel #1590 to one $ is calming the markets? ![]() When I said these people will rule with only propaganda, people thought I was joking. By next week they will tell you rice was sold at 80k only, a drop from 81k they sold it on January 31, and they will organise media events praise themselves for taking rice up 100%, and dropping it 2% later. @me You might not understand. The official devaluation was deliberately done to close the gap with the parallel market. Right now there's no attraction going to the parallel market. When majority of the transactions are done with the authorised dealers the CBN policies can work. |
bitbillionaire: 5:34pm On Feb 12, 2024 |
You try small. Let me score you 40% for your effort. The thing is there is no perfect government anywhere on earth. There is no perfect politician anywhere. No politician anywhere is 100% clean and Peter Obi can't be an exception. Nevertheless, I am still convinced that he remained the best and the cleanest among the politicians that contested during the last presidential election. The two websites below give some information about his legacies and achievements in Anambra State education sector while he was the governor: https://www.google.com/amp/s/www.vanguardngr.com/2018/08/education-obis-model-pays-off/amp/ https://selonnes.com/2018/02/01/anambra-state-education-rebirth-the-peter-obi-model/ As for his other achievements generally as a governor check out the link below: https://www.legit.ng/nigeria/1498135-18-major-achievements-peter-obi-melt-hearts/ I am still convinced Peter Obi has the right kind of personality and principles Nigeria of today desperately needs from a president. He has what it takes to lay the right kind of foundation for Nigeria's development for future leaders to build on. There is a reason he is ionately loved by so many people. Ballmer: |
Johnjustice: 5:55pm On Feb 12, 2024 |
FreeStuffsNG:No sure banker if we don't reduce our demand for dollars by reducing our imports volume, or looking for international sellers that will collect naira for imports. Nigerians must reduce their appetite for imported things. Our lifestyle and individual changes we make, buy local, use local, and government banning use of dollars as payment inside Nigeria will help. |
Ballmer: 6:48pm On Feb 12, 2024 |
Peter Obi even with the magic wand does not deserve to be president of Nigeria reasoning is that you Igbos always play politics of maligning insulting n denigrating your opponent at election. Such politics should remain within you enclaves until you are able to comment on social media criticize Tinubu for bullion van n also criticize Peter Obi for looting ₦250 million with governor's convey instead of critizing one n defending one as saint when Peter Obi fraud is glaring n even more criminal as a sitting governor while Tinubu was his private money. I investigated why Awolowo MKO n Tinubu were all maligned with respect Yorubas have for them only to find Igbos are the reason. How do you critic Awolowo as a bigot n failure then praise Azikwe who own a newspaper dedicated mainly to bigotry ? How do you compare one offering free education back then to any achievement of Azikwe, Oduduwa group of companies etc ? How ! Same thing with claiming MKO is a criminal with all his philanthropist gesture across Nigeria to both Muslim Christian Muslim n all. Saying he threw bible into the sea n all other nonsense. Make we no even enter Tinubu matter at all. If Obi believes he deserves to be Nigeria president when the fools n lunatics ing him come for Adeboye Soyinka n other he should start his leadership capacity with string caution at them failure to do so I perosnally prefer Nigeria scatter like this than having Obi as president. Other capable Igbo not as foolish as he deliberately chose to be thinking we are all naive should contest instead. bitbillionaire: |
Jilo83(m): 7:16am On Feb 13, 2024 |
bitbillionaire: But all major contenders during 2023 presidential election said they will remove fuel subsidy immediately they are sworn in. |
bitbillionaire: 9:59am On Feb 13, 2024 |
Jilo83: They didn't use the word 'immediately'. Its true some of them promised to do away with subsidy but there is no guarantee they would actually go ahead with it and even if they do, I don't think they would have recklessly removed it with such urgency as Tinubu did without making sure there is enough palliative on ground to ease the impact of the subsidy removal. |
Konquest: 2:37pm On Feb 15, 2024 |
naijaboy756: 10:49pm On Feb 15, 2024 |
calm wetin? this OP na generational mumu ooo |
Dsimmer: 12:48am On Feb 21, 2024 |
Ballmer: Obi the importer with his "next" shopping centre that import everything would turn Nigeria into more production?😅 The one who was also absymal as a governor? That's why Zombiediente dey amuse me. Lol. I always laugh when I see some BS from zombiediente. At times, I let it go and just laugh but at times, I set the record straight. Just as you said, why was Awolowo, Mko and Tinubu maligned exactly? Tinubu didn't rule anyone's papa nor was in any federal istration. Yet he was maligned by the SE before the election. As a matter of fact, which SE governor has better legacy as a governor when compared to Tinubu who achieved a lot as Lagos state governor? Let's start from there. Meanwhile, Tinubu didn't rule anyone's papa nor was in the federal istration before the election. It was Peter Obi who was previously in the federal istration and was an accomplice to Madueke's looting as a matter of fact. Second is Awolowo. What did Awolowo do exactly to warrant insult from the SE? He was even neutral in the civil war (whereas another person in his shoe wouldn't have been if we consider what the SE leaders did to him unwarranted yet he was still neutral until the covetous Greedy land grabbing thief, Ojukwu continued to push beyond his nose and matched into Midwest and the Southwest while attacking these neutral regions. So which lunatic was saying Awolowo shouldn't defend his Yoruba folks in their Yorubaland? Na craze? Heck, wasn't it SE who sstarted the war by the unwarranted killing of the regional leaders in every region except the southeast leaders? Back to the economy of the nation, of course we know Buhari and his co- looters looted the treasury which they must return, it's also best Nigeria work towards restructuring and of course more production at home. For example, there are 774 local government in Nigeria right? Each local government could have at least one large scale mechanized food crop farming in combination with an agro industrialization in each local government. The state governors also have to help with the federal government in this area. |
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