[FULL BRIEFING] 'Naira Best Performing Currency Globally,' Finance Minister, CBN Speak On Economy
[FULL BRIEFING] 'Naira Best Performing Currency Globally,' Finance Minister, CBN Speak On Economy
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It's crashing again o
this plan of issuing FCY bonds to Nigerians i.e. dorm axcount holders and diasporans- sounds fishy. Nigerian govt dont always treat their citizens well. Sounds like a ruse
i no understand ooo…best performing kiniko
❤
Is this not deception?
Wale and Olayemi, your performance is excellent. Please don't relent on your effort.
Who did this to the black man 🙆🏿♀️ when are politicians going to Announce the real issues as regards to Citizens income, GDP has halved, Nigeria is fourth GDP in Africa with 253 billion USD from first position at 540 billion USD, Per capital income diminished inflation over 30 per cent with High cost of living, More people are moving into poverty . Collapse of Electricity Grid is record high with increase in tarrif. While 30k minimum wage is 27 USd 🤔 we have highest multidimensional poor people in the World 😲
Tinubu Jagaban is best president / leader in the world. Just that too many enemies within in his country – Nigeria
Non of these was happening in Buhari's time.
@kene6753 ahh yess ad hominem attacks, the standard last resort of the incompetent.
I spoke about macroeconomics in referrance to things that truly make a country wealthy, things like foreign investors trusting your currency enough to park their wealth in your bonds andOther financial instruments, building a vibrant a functiniong industrial sector to Increase your exports and strengthen a Nations currency. All things which if truly were as wise as you want to appear to be kind sir, would know are at least a step removed from the trading of goods.
And if you truly believe that in this day and age, the first step to growing a Nations share of the global economic pie is in your words basic commerce not things like talent development, education, attracting foreign investment, knowledge development and innovation, then I guess the running Kruger effect is real after all because I guess Taiwan got wealthy not by researching, investing and producing the best semiconductors in the world but by buying and trading semiconductors, Germany got wealthy not by producing the best some of the best cars in the world but by buying and selling cars, the UK remains wealthy not by providing some of the best banking services in the world but by????, I can give you more examples if you want to illustrate the mountain that lies ahead of the valley you are in.
The crux of my argument is I Believe and I also believe global economic data bears this out, a merchant is a merchant is a merchant, if you want to make your nation wealthy basic commerce doesn't do that maybe or definetely on a individual level but not on a national level, Innovation, Education and Industrialization are what do that.
And for your benefit further as you see to be suffering from the dunning Kruger effect, macroeconomics is a field of economics that deal with the economy as a whole, its up's and downs and how several factors act upon that economy as a whole and singular organism and micro deals with the individual units within that whole a company, an individual, a household. Not internal and external factors you mentioned in your self satisfactory explanation 🤣, there are lots of internal factors that can affect the macroeconomics of a nation
These two are doing well.Shows how well Nigeria will do if we jettison tribal politics and greed. I will give kudos to Tinubu for these appointments, inspite of all the criticisms leveled on him. Let us give credit to whom and where credit is due.
Make dem no dey whine us, there's much more work to do in the economy 😅. This shouldn't get into our head nevertheless A step of a thousand miles begins with a step. Congratulations 🎉 🎉
We appreciate your efforts, but don't stop pushing it more down.
The Finance Minister is not saying the whole truth. The idea that Naira is the best performing currency is nothing but a joke – they are defending the currency with every dollar they have or saved after foolishly floating the currency. Until Naira start dropping below the PMB era towards Jonathan era, that is when we can consider Naira to be performing. Currently, what we have is a maradonic economy.
I can see very brillant senator sheu sani
Something is amiss, currency values dont rise and fall sharply and drastically like that, within weeks and more so when Nigeria is not producing anything. Well time will tell, lets wait and see
Head master❤
Please brag when the is at least back to 400 per dollar.
When you talked about Lagos being the 4th largest economy in the West Africa sub region, these men were the brain behind it.
If you ever attended any institutions in Nigeria 🇳🇬 you will understand what they're saying, but if you do not, that means you're gullible and lack knowledge.
Especially those of you who are the enemies of Nigeria 🇳🇬 be reat assured that the present administration will succeed by God's grace.
Whether you believe them or not, that's your own pathology problems
Best performing currency globally”!, hahahahahhahahaha. Lord have mercy on Nigeria. At 1200 per dollar lolol shamelessness of the highest order.
“Best performing currency” globally, hahahahahhahahaha. Pathological liars. Lord have mercy on Nigeria.
This is the first time you have seen the Finance minister and CBN Gov working together for a common course.
Able men
What level of propaganda, you are trying frantically to correct the havoc you wrecked stupidly and yet you are calling for celebration, these Lagos boys are propaganda experts !
why is there still inflation
Diaspora no get money, dem dey come-back, make una send money to diasporians too
😂😂😂😂 it is bad news for enemies of jagaban and nation
This is true federalism.. we have yoruba as president.. finance minister.. CBN governor.. chief of staff.. Chief justice of Nigeria.. Inspector general.. army defence minister. Immigration..resources minister.. federal housing and more.. these people are here to steal .. loot .. just as buhati did with his northerners.. thats why i hate wike . Onky there for his stomach just as Amaechi.. One Nigeria is to favour the west and the north
It's not rocket science
Sending all the NNPC SALES TO CBN and cutting off the criminality. Now please add sales of oil in naira
Though Naira has been gaining some value it is significantly surprising that CFA is valued far more than Naira. 10,000 CFA is valued at $16.27 while 10,000 naira is valued at $8.71. Don't recall when CFA was valued more than Naira beside Nigeria is energy producing country with additional Petroleum products generating additional revenue. so it is mind boggling that even at this current valued rate it is far lower than the CFA. So it appears Mr Edun and Cardoso have long way to go. Beside it is not certain that this Naira appreciation would be holding from now.
A country that doesn’t produce anything the rest of the world can buy is in denial. Diasporans are literally propping up this country and that’s not a substitute for production and exports. Your economy cannot rise about your electricity capacity. We are watching.
You guys are SHAMELESS infact🤣😂
CBN is making a huge mistake. It is a temporary measure not a strategic strategy to empower the market to do it's job. This action is not in practice anyway. The centre bank governor is just want to save his job.
We trust Jagaban and that's why we supported his renewed hope agenda. See the people running our economy now. Much love from 🇨🇦
9:48 I expected an applause. These are two of our best. Cardozo baba
Removal of fuel subsidy and speculators contributed to the naira jumping from 750 to 1900.
The Govt has only dealt with the part that was not caused by them which is the speculators. That explain the gains so far.
As regards subisdy, significant production and increased export is what the Govt needs to work on.
I hope it is not audios, i hope the naira gain it is systematic
If not see Naira nosedive soon,
During the COVID Season the US Government opened up their financial economy while others tightened up theirs now after COVID the US Government tightened up their economy while others are trying to open up. And you can see even from your report the US government had good financial advisers and professional while Nigerian advisers are text book financial advisers. So i can clearly say to Nigerian financial advisers take a lesson from the ANT. It has not advisers but thrives well even in surplus and hardtimes.
Let's appreciate their efforts so far. The 750/dollar the critics are hammering here was the era of deciet when Emiefele, the poorest CBN governor, the Malami of thos world stood behind president then manoeuvred and blindfolded him and used the avenue for round tripping and sabotage of the economy. Now the economy was put back to factory settings and putting it back on track means seriously serious people and let them start somewhere and let's criticise constructively and with evidences so that you are not seeing as haters or someone who's bitter for losing last election
Selective tax system is also a tool to force foreign investors… increase taxes on importation of luxury and high tech products and support foreign investors and Nigeria base foreign companies….high tax on luxury goods will surely pul investment
I am still lose ………….Naira is raising against other currency.But inflation is on the high and the economy is getting worst.I don't understand!!!!!!!!
20 April 2022 under Buhari the black market rate was N760 to £1.
20 April 2024 under Tinubu the black market rate is N1430 to £1.
7 March 2024 we witnessed the highest rate at N2050 to £1.
What I expected the finance minister to be saying was that we are increasing the size of our military to improve security.
We are adding value to agricultural products before allowed to be exported. Expanding fishing.
We are investing in building made in Nigeria ships.
Nigeria can not survive on a mono economy relying only on oil for revenue.
This fools? Naira is still on negative and here you are patting each other for the most botched job ever done in economics