just2endowed:


if tunubu hasnt float the naira into the sea, nigeria wont be where it is today, in fact, the agbado brought nigeria into this faster mess. the dullard never envisage the whole mess ,including announcing subsidy in his independent day speech, that thing will get worst than this.
i thought agbado was intelligent but i was wrong. all the mess he brought to nigeria were not well thought of and he did all these when he has not set up an economic team, he has no substantial CBN governor and he has not set up his cabinet then.

well said, he lacks the capacity. He is just hyped, has nothing to offer, it's clearly evident. He thinks presidency is about Lagos and agberoism. You need astute personalities to achieve. Everything must not be politics and lies. I rightly predicted that if he sees the presidential seat he would appoint his old political cronies over reasonable people. He is more fixated on the glory of the presidential seat than fixing Nigeria, So far, his decision making skills is so poor, all the over hype that he is a master politician is all a mirage, without money and rigging, he is nowhere. When we talk about political strategist, i would give it to Obj....world wide, he know how to play the politics....Tinubu should humble himself and meet him for tutoring.

Na only to be speaking grammar them Sabi. I want to believe that majority of those legislators cannot have a grasp understanding of the technical aspects of what he is saying.

A major panacea to Nigerian economic, science and technical underdevelopment is the adoption of pidgin and other major local languages as our official and language of education for teaching in our schools and universities. Otherwise, we will continue to remain underdeveloped in areas of economy and technology.

obasanjo came appointed the best from every parts of nigeria the same with yaradua and jonathan then came the evil man called buhari he ruled nigeria with bandits as ministers look at nigeria today,tinubu is following the footsteps of buhari appointing people recommended by mc oluomo,hope nigeria wont go like concord news paper and concord airline

VeeVeeMyLuv:

Omo some these guys wicked o

Imagine an MD of one of these MDAs paying his dogs 600k monthly salary with looted funds!!!!! While the staff are perishing

Na wa o. Them dog pass human being

kettykings:
No clarity on how the endemic economic issues will be resolved

Thought I was the only one turning.over every word to find out HOW? they will fight inflation and the cost of 'existing in Nigeria' crises.

These are the proposals that should have formed part of the vetting process at the National Assembly so that we are not just employing for employing sake but engaging a team that has all its ducks in a row, ready to implement what he/they, his team has spent weeks preparing.

Because the truth as I constantly put it is that inflation is like a wild fire consuming precious artefacts that insurance will never be able to replace. Like a cancerous growth that consumes organs that may never regrow or can be transplanted.

Just like the unfortunate currency misadventure of the Emefiele era, inflation will close businesses that may never return and lead to job losses that will not be easy to recover.

There has to be a solid plan on ground for immediate execution like yesterday. Wishing them all the best. They will need more than that. Nigeria is on the brink.

What I will advise my fellow private sector people is to start thinking of expanding your various business interests abroad in whatever shape or form you can.

Not saying Nigeria should be abandoned but earning foreign exchange by every viable citizen in whatever way should be a national call. A call government should be making but is incompetently unable.

This is a more reliable way of the country earning foreign exchange that hoping on any illusionary foreign investment.

The government may lose a bit of tax naira but so be it. The balance of payment appears to be a more serious problem than government revenue in my opinion. They are not justifying what they earn.

This is when failure starts germinating . You don’t need to say what you want to do. Shut the bigger hole in your face and do just get it done

kettykings:
No clarity on how the endemic economic issues will be resolved

... the thing weak me all this big big English will not stabilize the naira, as long we rely solely on oil and not support local manufacturers our currency will keep on depreciating.

Start acting sir, i partially trusth in the system. Hope it will definitely workout

Reference:


Thought I was the only one turning.over every word to find out HOW? they will fight inflation.

These are the proposals that should have formed part of the vetting process at the National Assembly so that we are not just employing for employing sake but engaging a team that has all its ducks in a row, ready to implement what he/they, his team has spent weeks preparing.

Because the truth as I constantly put it is that inflation is like a wild fire consuming precious artefacts that insurance will never be able to replace. Like a cancerous growth that conaumea organa that may never regrow or can be transplanted.

Just like the unfortunate currency misadventure of the Emefiele era, inflation will close businesses that may never return and lead to job losses that will not be easy to recover.

There has to be a solid plan on ground for immediate execution like yesterday. Wishing them all the best. They will need more than that. Nigeria is on the brink.

Inflation or devaluation? Is this inflation also caused by the devaluation?

The devaluation means of naira for dollars.

Had it been the salaries and wages were also inflated everybody for dey alright las las.

Some countries with devalued currencies minimum wage are already running in millions already. Now imagine what their higher level workers would be earning, that would be tens of millions.

Imagine our own high level workers still earning 100k per month at this present times. Na only food the person fit buy. This is horror movie. That's why things choke dey squeeze neck.

To compound the problem, theifs called leaders are just packing the scarce resources, looting, embezzling, diverting funds, scarce billions of dollars into their personal private account abroad and into their pockets without any mercy or remorse.

bluebay:
This is when failure starts germinating . You don’t need to say what you want to do. Shut the bigger hole in your face and do just get it done

Why should they not say what they want to do. Is the CBN a private enterprise or a public regulatory agent?.

They want to make policy we should know so that we know what rules to follow. When there is clarity in direction there is an immediate end to the darkness of speculation.

Are you not tired of the kind of 'invisible' and 'inaudible' governance that has brought Nigeria to her knees.

As you sit in your house or business premises government is active 24/7. It is in your interest to ensure you know what they are doing.

Cardoso said many things without drilling down on strategies and I am not convinced that these guys have the capacity, capabilities and will to manage the exponential inflation and exchange rate instability ruining the country right now.

dre11:
CBN governor: transparency, compliance to rules will be upheld

https://thenationonlineng.net/how-i-will-tackle-inflation-naira-forex-crises-by-cardoso/

Impressive.

Authoreety:
Oya get to work big man

who else has noticed that buhari has not been invited for any international gig since he left aso rock..?

That guy was a disaster😜

Who will invite Buhari? Who? Before he was fosted on Nigerians in 2015 nobody invited him,not to talk of now..

Yeye Man with his yeye supporters

VeeVeeMyLuv:

Inflation or devaluation? Is this inflation also caused by the devaluation?

The devaluation means of naira for dollars.

Had it been the salaries and wages were also inflated everybody for dey alright las las.

Some countries with devalued currencies minimum wage are already running in millions already. Now imagine what their higher level workers would be earning, that would be tens of millions.

Imagine our own high level workers still earning 100k per month at this present times. Na only food the person fit buy. This is horror movie. That's why things choke dey squeeze neck.

To compound the problem, theifs called leaders are just packing the scarce resources, looting, embezzling, diverting funds, scarce billions of dollars into their personal private account abroad and into their pockets without any mercy or remorse.

There is a symbiotic relationship between inflation and devaluation. The word that holds both forces together is productivity or work that earns value and sustains worth

Value without work will cause inflation and will cause to devalue worth..... in a nutshell.

In our case we have been leveraging massively to create value without earning enough to sustain the worth of the naira.

Something must give by sunset.

All d best to you and ur team

Motivational speech... Nonsense.

The same way his boss the impostor goes about giving motivational speeches.

ONLY FOOOOOOLISH CITIZEN PREFER IMPORTATION RATHER THAN PRODUCTION, MIRACLE AND MAGIC CANNOT SOLVED THE NIGERIAN PROBLEM, IDEA AND INTELLIGENCE,ONLY SOLUTION

Decarbonisation:
Cardoso said many things without drilling down on strategies and I am not convinced that these guys have the capacity, capabilities and will to manage the exponential inflation and exchange rate instability ruining the country right now.

Same way Tinubu kept making empty promises.

Used his hand to cause problem for Nigerians

The way Fashola promised to tackle electricity problems, and a las threw us into darkness after 8 years and billions of dollars squandered.

Meanwhile, a US court has ordered CSU to release every detail of Tinubu's academic records - and under oat. APC formed by Tinubu has destroyed the country. It must leave the apex leadership space in Nigeria.

Toks2008:


Same way Tinubu kept making empty promises.

Used his hand to cause problem for Nigerians

Nigerian leaders are notorious for making empty promises and delivering mediocrity.
It is one of the key reasons why the country is fu...cked!
There is no way back for the country, sadly.

Bruisecruise:
Nonsense.

The same thing Emefiele said during his screening back then.

Naira is on a free fall forever till it becomes worthless to even the government of the day.

No single foreign entity willing to bring their valued dollar into the economy because your CBN and the presidency would quickly print Naira and mop it up within few days and all back to square 0.


If you like inject $500 billion dollars into the economy of Nigeria, it’d be gone within 3 days because those with control over the useless currency “Naira” would simply print trillions of it and take the valued dollars and keep for themselves.

Script - talk

iCauseTrouble:
It is not too late to start earning in dollars, or buy dollars and keep.
This APC government is clueless.
I see Naira going to 2k+ per dollar before the end of Tinubu's tenure.

No ooo, you see you and your family going down..

tuoyoojo:
How to kick start the economy

Encourage the growth of small and medium scale enterprises by reduce excess taxation, provide affordable power, cheap transportation and access road

Ensure the refineries are working and reduce our over dependency on oil

Invest in manufacturing and education

Speedy prosecution of financial fraud, starting from the top, no matter who you are. Make an example of 5 or 6 big men and see how everyone would fall in line

Above all , reduce govt spending spending or budget inflation and see how things would turn around

Perfect 👏 but they won't do any of these. They can't give what they don't have,it's not in their nature,it's foreign to them.

Dey make mouth ooo oga

Godszilla:


Perfect 👏 but they won't do any of these. They can't give what they don't have,it's not in their nature,it's foreign to them.

This is why prayers cannot save this country. We know what to do but refuse to it and later call on God. Is that not foolishness

It's like God gives someone rice and spoon and the person is praying for the food to magically enter into his stomach without eating it

iCauseTrouble:
It is not too late to start earning in dollars, or buy dollars and keep.
This APC government is clueless.
I see Naira going to 2k+ per dollar before the end of Tinubu's tenure.

At this rate, it may even be 5k

iCauseTrouble:
It is not too late to start earning in dollars, or buy dollars and keep.
This APC government is clueless.
I see Naira going to 2k+ per dollar before the end of Tinubu's tenure.

In three months, it has added about 300 naira. At the rate of roughly 100 naira per month, multiply that 48months

Now u can realise that we are in for a long ride

Guess what, in 2027, people would still vote for apc

CLUMSY TURANCHI.

Only you cannot do it ..the president , governors and politicians in power have to do the right thing to achieve this..... to achieve this nigeria has to be a producing economy...... industrialized country.... where we export goods inorder to earn dollars, foreign currencies..more exportation and less importation... refineries have to work, ajaokuta steel company has to work and other national assets....this is the solution

Buhari needs to explain what he did with 22 trillion naira the cbn printed

Taylor92:


God will not guide him anything


God has already given us wisdom to choose between light and darkness


You won’t vote in darkness and gaslight God to turn it to light

Well done oooo God’s assistant 😂