Fuel Price Hike: Economist Faults Tinubu's Naira Devaluation Policy | Sunday Politics

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[Daruwang]

"We will widen the tax net, reduce the purchasing power of the people, and slow down the economy". He mentioned it during his campaign.

[onimisimayaki]

Who are those text book economist advising the president?

[MrTyger]

Now they are saying they are not the cause .Nigeria we hail thee

[Noob-zice]

Why should an average poor Nigerian be paying for the money looted by the political class which resulted in the devaluation of our Naira? This madness must stop!

[abimbola]

He didn’t answer the question 😅… Another correction: devaluation is when a subsidy is fix to the exchange rate, Floating is when the market forces determine the rate of the exchange rate. The present government is doing a floating process and not devaluation sir.. The prices of goods and services can only come down if the government devalues the naira and that’s dependent on the foreign reserves and debt factor

[okacheodey]

The devaluation of the naira by Tinubu is oppresive and evil.

[Noob-zice]

Politicians stole our money and crashed our Naira, they should return the money instead of punishing innocent Nigerians.

[igbokwevictor]

Thanks Dr Alaje for being out spoken.Tinubu Govt is a very deceitful administration. Our prayers from this yr till next yr will not make any difference if the right economic policies are not introduced. We are in for a more turbulent situation.

[mtd]

How can we stabilize Naira? Dr Alake hasn’t suggested the way out in his parting words

[osasobaretin]

Why are economics ignoring Clearing container at Nigeria custom service. Clearing a container was way less than 7 million before it was moved to 7 million now x3. This will cost a ripple effect on every single sector of the economy as well.
Because the least tomatoes farmers or sellers want a better life of themselves and children

[Noob-zice]

What you guys aren't talking about is the fact that our currency dropped due to looting of overprinted and borrowed money by the Buhari administration. So, these people should give us back our money. Why should an average poor Nigerian be paying for the money looted by the political class. This madness must stop!

[deejay]

The concluding words of the journalist did not reflect the answer that Dr Alaje gave. Infact the economist proferred solutions that the journalist should have highlighted. Instead he reemphasized the problem.

[terverkon]

Those people at financial derivative only agree with Tinubu and any policy that brings profit to corporations

[ogungbeabiodunsuccess]

Nothing wrong with making this country Great but why FG is suffering us?

[ebuka]

Nobody devalued the currency. You as an economist should know that nothing other than market forces is the most efficient determiner of prices. Market forces devalued the currency not Tinubu. You're talking about productivity and export, nothing other than foreign investment will fix these things. Without a stable base of foreign reserves, how do you encourage the investors to come in? Without a market reflective exchange rate how do you build the foreign reserves? Think, think.

[ebiwariagedah]

FGN: Endure Endure Endure, till the day no one will be able to go work again. Shutdown imminent!!!!

[ceaserparanoid]

Seun talks too much, allow your guests to speak. Learn from international journalist

[ia]

Mr Alaje, Trump tariff on China caused Americans 3million jobs in America. You got that one wrong sir

[TeeO]

subsidy is removed we must ensure functional refineries" Where is that written Oga Economist?
Not a single country around us is paying subsidy on Petro and they don't also have functional refineries!
Nigeria is going bankrupt because of this same subsidy have been borrowing to pay subsidy on Petro and payment of salaries).
I will do better than this man in analyzing the issues with our economy (I am a trained Economist).
We need money to do all the other stuffs he spoke about; and we also need to stop the subsidy payments to have money!
Only a MAGICIAN can make this economy better, without removal of those subsidies.
If this man is the magician; let's make him our next president.

[ObjectiveObserver-xhvk]

More money, less purchasing power .

IT MAKES NO SENSE, SIR!

If you like share trillions. The value of the Naira can't make sense in the market.

Inflation makes it valueless.