"In Real Sense, 2025 Budget Smaller," Economists Assess 2024 Fiscal Year Performance

[@t.a.kareemandco-chartereda4152]

Do we spend the US Dollar in Nigeria. Do we pay rent, food,etc in the US Dollar. Definitely not. We should stop comparing it with the US Dollar. Can you spend $5 in the US for food. Capital NO. With #1,500 you can get great food

[@asgby585]

Nigeria is a heavily import-dependent economy, with most activities requiring imports in one way or another. In farming, for example, we rely on imported equipment and inputs for producing fertilizers. A large percentage of our food is imported, and it is doubtful that we have achieved even 50% food sufficiency. Items such as clothing, computers, phones, software licenses, and cars are all imported. Even our infrastructural projects are often executed by foreign companies, using tools and equipment sourced from abroad. The notion that we can rely solely on the Naira and remain immune to foreign exchange dynamics is both unrealistic and laughable.

[@bamjoshy]

I challenge you to answer this - the price of crude you sell is in what currency?

[@bamjoshy]

​@@asgby585he is ignorant

[@bamjoshy]

When you import all you consume, what currency do you import it?

[@bamjoshy]

Are you phones imported in Naira?

[@jesuslovesme8824]

Mumu wetin your country dey produce. Even the car you drive is imported