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After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC - Business (3) - Nairaland

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Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by Kukutente23: 4:03pm On Oct 19, 2023
nairalanda1:
grin

So the solution is simple..

Nigeria must earn more

Nigeria must refine fuel at home, which means....SUBSIDY HAS TO GO TOTALLY. No more partial removal, or the big moneybags won't finance refinery projects the way they did for gee ess emm. Refining has to be treated as a business to work because PETROL is EXPENSIVE TO MAKE.

Anyway, we dey wait for Dangote. But Dangote refinery does not mean fuel would cost N200 per liter or less. For that to happen....NIGERIA MUST EARN MORE.
Which subsidy again
Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by GetSenseNow: 4:05pm On Oct 19, 2023
Angelfrost:


Lol... The nation will definitely retrogress further.

The people you mentioned above have no desire to see the progress of the nation... They are only interested in enriching themselves.

The inevitable collapse of the nation means nothing to most of them, including Tinubu.

They have all secured their futures and those of their families abroad.

When you tell Nigerians to vote and elect people truly desirous of a prosperous nation, they claim their tribe or religion must be the one in power or nothing else.

I don't pity average Nigerians anymore... I feel many of us deserve to suffer.

Aswear let them suffer.
I actually wish things will get worse, if that's what will reset our brains. We keep voting useless people into power just so our tribesman will be President
Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by Khyrvxjzy: 4:07pm On Oct 19, 2023
GetSenseNow:


Yen yen yen


Yoruba man will keep stealing rice from moving vehicles

yoruba rich pass ibo

poverty region.. your child will sell gala to my child in lagos traffic
Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by jaxxy(m): 4:08pm On Oct 19, 2023
tinubu has not appointed the best hands bt those he is familiar with even though not competent enough for these critical time we are in.
Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by Khyrvxjzy: 4:08pm On Oct 19, 2023
GetSenseNow:


Yen yen yen


Yoruba man will keep stealing rice from moving vehicles

u guys are nothing in nigeria
Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by Zionmdde: 4:09pm On Oct 19, 2023
Khyrvxjzy:



yen yen yen

no ibo man will be president
Still sounding very empty
Why not try and seek help somewhere
Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by GetSenseNow: 4:11pm On Oct 19, 2023
Primusinterpares:

It's never too late to get it right.
Just one right policy with good implimentation and let's all get to work the you will see the turn around.
We can still get it right if these people that calls themselves leaders wants us to.
Our leaders are not intentional about this country that's why things are like the way they are.
#JusticeForTheNaira

The present crop of people in power have no desire to get things right.
You guys need to understand this. Check Nigeria's history, there has been a steady decline in all facets of democracy. Governance has been on a negative trajectory and you think they don't know what they're doing? Lolzzzzz.....it amuses me when I see people who believe in the promises of this government.

Anyways, let Nigerians suffer since we've chosen to allow our leaders use tribal and religious differences to control us
Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by Khyrvxjzy: 4:16pm On Oct 19, 2023
Zionmdde:

Still sounding very empty
Why not try and seek help somewhere

no ibo man will be president
Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by Bluntemperor: 4:17pm On Oct 19, 2023
Taylor94:
All of a sudden we no longer hear Tinubu hyping gang
The man don disappoint all his supporters who placed him at a very high esteem
Imagine Peter was the one damaging this country like this
Yoruba people for say Tinubu would have turned Nigeria to Dubai in 6 months
E good as na their self acclaimed leader dey scatter country
I said it before and I’ll keep saying. YORUBAS ARE THE PROBLEM OF NIGERIA
I rather coexist with an Hausa man than live with a yoruba man

Trash,as usual.
Anyone reading your messages would think you have something good upstairs to say other than negatives!
You that once said 2- weeks ago "I don't mind if the Country crumbled"
So,you are still interested in Tinubu, na wa for you!
President Tinubu have much to do than listening to your rantings because of your election loss!
Very Unpatriotic elements!
Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by Exceed15: 4:31pm On Oct 19, 2023
Zionmdde:
Goodnews
This shows that Tinubu's master strategy is actually working

I really know tinubu is the missing piece we have always needed in this country.

Imagine with this development now, prices of several things will come crashing and the common man on the streets of SW, NW, NE and parts of NC will really be proud of voting the master economist himself

On Jagaban mandate we will continue to stand

LOOOOOL.. laugh wan kill burst my stomach o
Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by ufotunang: 4:31pm On Oct 19, 2023
What do you expect when you vote an old man into power
Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by LordBillionz: 4:33pm On Oct 19, 2023
Where is that lunatic freestuffng?

Oya come talk rubbish as usual
Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by optimusprime2(m): 4:44pm On Oct 19, 2023
Zionmdde:
Goodnews
This shows that Tinubu's master strategy is actually working

I really know tinubu is the missing piece we have always needed in this country.

Imagine with this development now, prices of several things will come crashing and the common man on the streets of SW, NW, NE and parts of NC will really be proud of voting the master economist himself

On Jagaban mandate we will continue to stand

You are very right!!!
The "master strategist" is set to make 1USD to equal 2500NGN in the next three months, that way "we" who work with him, will become millionaires quicker since he pays us in USD (Chicago connections) cheesy. Therefore creating more millionaires in Nigeria.

Then by March 2024 "The master strategist" will wave his strategic mind wand and return the rate to 1usd =10NGN ... *in Sabinus voice* "Smart Move!"

At this rate "the master strategist" would now ginger 50,000 Youths into the army, with that large Army we will now challenge all the heeeeeboes and snatch all their Agbado, which will then be exported in high volumes globally...

Because I know that "no be statistics I go chop", By then I would have created and color printed a PHD certificate from any university I like... maybe from Havard.

Then I run for Governor of the FCT being the 37th state... *in Sabinus voice* "Nice one"

See the strategy na...

Jagaban... the average Nigerian remains a B.A.T.Man cool

1 Like

Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by slowice(m): 5:02pm On Oct 19, 2023
Look at the chaos called Lagos they said he built.... How can you entrust a nation in dire need of economic development in the hands of such a scattered person and still expect good news.?

Dey play
Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by rickleye: 5:28pm On Oct 19, 2023
Zionmdde:
Goodnews
This shows that Tinubu's master strategy is actually working

I really know tinubu is the missing piece we have always needed in this country.

Imagine with this development now, prices of several things will come crashing and the common man on the streets of SW, NW, NE and parts of NC will really be proud of voting the master economist himself

On Jagaban mandate we will continue to stand

Is this sarcasm?
Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by Bimpe29: 6:00pm On Oct 19, 2023
Forex, one economic problem too many
Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by Adolfnigeria: 6:54pm On Oct 19, 2023
I agree.

The problem is Tinubu has already mentioned he wants interest rates to be low.

Potential impact of this sort of policy include: increase in business loan defaults, consequently leading to negative impact on the banks books.

I keep saying that corruption is killing Nigeria, its rotten stench fills the corridor of power.

Truly the loans being borrowed should be used for infrastructure e.g., link farming comunities with cities kano to lagos, benue to abuja etc. These are the projects that will encourage trade within the country and reduce the cost of transport.

cash transfer etc. are just means to corruption, lead to unproductivity etc. It is a shame that the government keeps focusing on projects that meet their political ends and not the long term needs of the country. Borrowing huge funds for consumption is short term gain long term loss.

Corruption, is one of the various cancers in this country. 

grandstar:
Its time the CBN do the needful and increase interest rates above 25% to bring down inflation.

High interest will not only help in cooling down inflation but encourage forex inflows.

WHT do much dillydaly ?

1 Like

Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by Primusinterpares(m): 7:06pm On Oct 19, 2023
GetSenseNow:


The present crop of people in power have no desire to get things right.
You guys need to understand this. Check Nigeria's history, there has been a steady decline in all facets of democracy. Governance has been on a negative trajectory and you think they don't know what they're doing? Lolzzzzz.....it amuses me when I see people who believe in the promises of this government.

Anyways, let Nigerians suffer since we've chosen to allow our leaders use tribal and religious differences to control us
You are right bro.
However, I don't believe any promises of this government. I simply want this government to implement a productive policy that will encourage massive industrialization and processing of all our natural resources.
On the use of tribal and religious difference to divide us, yes I agree with you. They use the divide and rule tactics, i.e when we fight amongst ourselves, they have a field day for sharing and stealing from the national purse.
We the people should be wise enough to put our ethnic and religious difference aside when it concerns moving the nation forward.
Because the end of the day we Nigeria is still our country.
I still believe that this nation will be great even in my time.

1 Like

Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by GetSenseNow: 9:03pm On Oct 19, 2023
Khyrvxjzy:


yoruba rich pass ibo

poverty region.. your child will sell gala to my child in lagos traffic

Dey there dey make noise. Las las, the small half plot of land you inherited from your father will be sold to an Igbo man, while your skull will get mined by your child
Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by Vision101(m): 2:21am On Oct 20, 2023
@God1000
Nigeria under tinubu is in topsy turvy and complete retroversion.

His policies are hurting everyone, I don't know where we're headed.

@me
Read what experts are saying here. For once you guys should be less myopic. It's not a tinubu issue. Long standing Nigerian problem and global issue.

The accumulation that they are clearing now, who accumulated them? This is one of the issues that put so much pressure on the exchange rate. We need to be open minded so that we can blame when there is need to blame.
Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by Mafia4life(m): 7:08am On Oct 20, 2023
Zionmdde:
Goodnews
This shows that Tinubu's master strategy is actually working

I really know tinubu is the missing piece we have always needed in this country.

Imagine with this development now, prices of several things will come crashing and the common man on the streets of SW, NW, NE and parts of NC will really be proud of voting the master economist himself

On Jagaban mandate we will continue to stand


It is proven already. Jagaban and his followers are proven to reason like you. Brain dead grin
Re: After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC by JayCynic(m): 10:41am On Oct 20, 2023
I showed my guy this news, and he said we’ll become billionaires in Naira in 6 months.
Sad for everyone that earns in Naira cause the purchasing power is just too weak right now.

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