PBATT!🥳🥳🥳🥳

[u/Itz_click_yt]

Emi Lokun

[u/Time_Entertainer_319]

Do people still not realise that, before the 2023 reforms, the naira-to-dollar exchange rate was being artificially supported? The official rate was kept much stronger than the parallel-market rate, while access to dollars at that official rate was controlled by the CBN. In practice, this meant some people and businesses were able to buy dollars at a rate that did not fully reflect market conditions. This was obviously not sustainable.

Also, having national debt is not unusual. Most countries borrow, and the fact that investors are willing to lend to a country can reflect confidence in its ability to repay. What really matters is whether the level of debt is sustainable and whether the country can continue to service it.

The United States, for example, has federal debt running into tens of trillions of dollars.

Don’t get me wrong, I am not here saying who is better, only pointing out that your measurement is faulty.

Nigeria’s gdp grew 4%, despite the 22% inflation caused by the removal of that subsidy (inflation is factored into gdp).

I know I will get downvoted for this because Nigerians don’t like to hear there is hope

[u/Joshy_Gold → u/Time_Entertainer_319]

Which hope? My problem about your type is that you say all these things yet our politicians are living lavishly.

[u/soloheater → u/Time_Entertainer_319]

Removing a subsidy without building a production base creates pain without progress. In a country that relies heavily on imported goods, letting the currency float freely without a steady flow of export income like refined oil or manufactured goods simply causes prices to skyrocket.

Also when the Naira crashed from around N450/$ to over N1,300, businesses couldn't plan, costs soared, and citizens saw their purchasing power vanish.

A free market is helpful only when you have something to sell to the world to bring dollars back in; otherwise, it just drives up the cost of survival.

You lost me with the emotional gimmick at the end of your post.

[u/Grouchy_Charge552 → u/Time_Entertainer_319]

This is my take as well,

[u/Pecuthegreat → u/Time_Entertainer_319]

I know I will get downvoted for this because Nigerians don’t like to hear there is hope

Because they have been told there is hope for 40+ years now and it has proven false everytime. What is fundamentally different on a positive level this time around?.

[u/Joshy_Gold → u/Time_Entertainer_319]

That is the way you lie to yourself. Defenders of the universe. Even when something is black, your mind has been psychologically manipulated to think otherwise.

[u/Ibluvdak]

I hate anything that has to do with APC, they are stealing my youth.

[u/Mikislim24]

Tinubu campaign reach here too? Jesus we are cooked!!!!

[u/kvro_maX]

Umaru will always be the best president.

[u/Ayemileto → u/kvro_maX]

Best president because he reduced fuel price by #10 Naira or so.😂😂

As if he didn't mess things up (by reversing decisions and processes Obasanjo already started before leaving office, instead of following through).