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Nairaland Forum / Nairaland / General / Politics / How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun (7872 Views)
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How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by ijustdey: 9:26am On Dec 13, 2023 |
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has said that President Bola Tinubu has directed the implementation of an executive order that will ensure that all foreign exchange held in private hands across the care paid into the banks. https://thenationonlineng.net/how-to-shore-up-nigerias-foreign-exchange-by-finance-minister-edun/ 5 Likes 1 Share
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Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by RepoMan007: 9:34am On Dec 13, 2023 |
Bound to fail and the reason for that is simple to comprehend. The private earners have virtual dollar/forex accounts they keep their forex. The private buyers of forex within Nigeria too have similar accounts. At exchange stage, they communicate through channels CBN don't have control over. Channels like Whatsapp, Telegram and co. This approach is dead on arrival. 14 Likes |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by Winner444: 9:38am On Dec 13, 2023 |
Okay |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by hakym619(m): 12:52pm On Dec 13, 2023 |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by datopaper(m): 12:53pm On Dec 13, 2023 |
If this government fail to do the right thing, it is finished. 1 Like |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by peteroniGBOLA: 12:53pm On Dec 13, 2023 |
OK |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by tobtap: 12:53pm On Dec 13, 2023 |
Ok |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by Nadingo: 12:54pm On Dec 13, 2023 |
Is he telling us ? 3 Likes |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by BennyDGreat: 12:55pm On Dec 13, 2023 |
As long as we keep avoiding the real problem....all these temporary solutions....will lead us nowhere. Set a 5-10 year plan to reduce import.... Set plan to create infrastructure to support local production and stability within 5-10 years in feasible sectors. Implement FULLY Watch how naira will appreciate. Simple. 19 Likes |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by HelloWhatsup: 12:55pm On Dec 13, 2023 |
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has said that President Bola Tinubu has directed the implementation of an executive order that will ensure that all foreign exchange held in private hands across the care paid into the banks. 3 Likes 1 Share |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by Otunbakayce: 12:55pm On Dec 13, 2023 |
When an individual or a group of people have failed in life, politics, career or business and looking for who to scam. They come up different types of "how". Example; 1. how to be a successful forex trader 2. How to navigate the wall street 3. How to solve power issues e.g Fashola 4. How to get to the peak of your career e.t.c APC will never achieve anything tangible because they came to power with truck load of propaganda. 9 Likes 2 Shares |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by erniok(m): 12:56pm On Dec 13, 2023 |
RepoMan007: You didn't read it properly. What he sai is lets says you have $10k cash, you pay that into your account and get an instrument of $10k. This way, you do not need to worry that inflation will erode the value of the 10k since it's an dollar instrument not naira. Anytime you want your $10k, you will get it back. I think it's anbrillant order as most people fear is inflation eroding the value of the dollars. 8 Likes |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by Racoon(m): 12:56pm On Dec 13, 2023 |
Money! Money! Money! Tax, tariffs, IGR yet the external reserve is being depleted by them in a crazy fashion. 4 Likes |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by emmabest2000(m): 12:57pm On Dec 13, 2023 |
Na only talk talk una sabi No single action 9 Likes 3 Shares
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Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by Splashme: 12:58pm On Dec 13, 2023 |
Lol |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by opalu: 12:58pm On Dec 13, 2023 |
Start doing and stop talking 3 Likes 2 Shares |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by tobenuel(m): 12:58pm On Dec 13, 2023 |
This man with him funny face 2 Likes 2 Shares |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by DatNiggaDaz: 12:58pm On Dec 13, 2023 |
This incompetent cluelessness fooool must join Emiefele in dss custody. Where Was this loudmouth when the CBN Reserve was been depleted in miiions of Dollars. He must account for the Bullion vans that was used in looting the forex No capping, no long story & worthless grammer, no diversion tactics. I thought the emilokans were shouting & crying at thesame time that when the certificate forger appoints the CBN Governor, the naira & economy will be stable & have direction. All this long long grammer are for what exactly See the empty useless big skull 4 Likes 2 Shares
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Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by leroi01(m): 1:00pm On Dec 13, 2023 |
Clueless....as suspected. Being a politician vs a visionary leader are two different things. Tinubu is not in the class of the second. 4 Likes 1 Share |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by ufuosman(m): 1:00pm On Dec 13, 2023 |
Talk as usual 3 Likes |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by OloYeOfEgbE: 1:02pm On Dec 13, 2023 |
Igboland will rescue you all ......As neighbouring countries. You can only wail online but real life,una irrelevance dey smell.. 4 Likes 1 Share
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Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by Beverlyjean(f): 1:02pm On Dec 13, 2023 |
Don't tell us...tell ur criminal oga.. we don't need to know...when things start to improve, u can tell us how u did it ... 5 Likes 3 Shares |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by jaxxy(m): 1:03pm On Dec 13, 2023 |
Avoiding the real work to chase shadows u cannot give what u don't have. 3 Likes 2 Shares |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by bestman09(m): 1:03pm On Dec 13, 2023 |
Chasing shadows by a confused government as usual. This is 2023, not 1984. Every private person now changes their forex on Binance p2p, Geegpay, Grey, etc. You cant tell me where to exchange my hard earned money of the exchange rate to use. |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by Woodshot: 1:03pm On Dec 13, 2023 |
He's doing well. |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by Metrofox(m): 1:05pm On Dec 13, 2023 |
are you a lecturer? 1 Like |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by FOOTSOLDIER2(f): 1:06pm On Dec 13, 2023 |
Get your fcking ass working, you are not talking to opposition party, you are the party in charge... Tinubu the Chicago first class accountant. Na statistics we go chop ? 1 Like 1 Share |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by NzogbuNzogbu: 1:07pm On Dec 13, 2023 |
Don't tell us how to mr moro.n minister we have google Just do it and let us see the wonders 1 Like 1 Share |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by israelmao(m): 1:08pm On Dec 13, 2023 |
The existing multinational companies are divesting instead of additional investments,FDI in Nigeria is on great decline.How many foreign investors Emilokan government has attracted?Harsh economic and monetary policies are rather driving them away instead of attracting them. |
Re: How To Shore Up Nigeria’s Foreign Exchange, By Finance Minister Edun by lexy2014: 1:10pm On Dec 13, 2023 |
erniok: who are the people he is talking to? |
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