Nigeria has always had a trade surplus since it started exporting crude oil more than 3 decades ago. It's not a recent flex of “3” years; the negative trade surplus are the exception.
The lawyer's point is simple: Naira was stronger than the CFA; now it's weaker, but real wages in Nigeria are falling
Nigeria's currency is weaker, which should spur exports, but imports are also rising. Today, Nigeria, with a weak currency, is exporting crude oil and importing crude oil
I support a weaker naira, but we can't brush off affordability concerns with “CFA is pegged”
Always know what to say because the response from the silent mouth may likely shut you up and expose you maximally as naive, stupid, fluid, imbecile and cheap.
Months ago, he said the country and the economy were in a mess when he took over due to Buhari misgovernment. But yesterday he’s telling us he is Buhari because he knows the election is close and he needs the support of northerners… Lmaooo
@fimiletoks Agreed,
Chagoury has been in business for so long.
For someone that has benefited this much from Nigeria 🇳🇬, MAN CHAGOURY SHOULD IMPROVE HIS PHILANTHROPIC CONTRIBUTIONS TO 9JA.
WE SEE DANGOTE FOUNDATION, TY DANJUMA, BILL GATES ETC
EGBON CHAGOURY, DO MORE FOR 9JA PLEASE
Fuel Subsidy Gone, Oil Prices Up, So Where Is the Excess Oil Revenue? — Kalu Aja Knocks Tinubu Govt for Running to IMF, World Bank for Loans https://t.co/VUSzDODSdp via @ParallelFacts
"Tinubu's govt takes 52 kobo from every N1 on cement”—-That is N6240 from every bag of cement and they are still borrowing, what are they doing with the money?
—Aliko Dangote.
Globally, oil-exporting nations outside the "Hormuz" axis are celebrating high oil prices and running to the bank with excess oil profits.
Nigeria, with extensive oil deposits and the largest refinery in all of Africa, is running to the IMF (allegedly)
Fuel Subsidy removed, where is the excess revenue?
Record oil prices, where is the excess revenue?
Exchange gain, where is the excess revenue?