Tinubu Naira Devaluation Called A Huge Mess By Aliko Dangote In His First Reaction To Record Losses

[@anthonyifeanyinzobiwu4114]

We obidients are mentally prepared. It's not like we expected anything spectacular from this man in Aso Rock

[@balogunodunayo8568]

You mean the man who forced his way into the Villa? He can't give what he doesn't have

[@fergusonkarrymoore3270]

Yoi are very correct, my dear. We are mentally and physically prepared as we never expect anything better from that criminal and his group in the Aso Rock

[@jus2jase]

Obidients need to be quiet

[@sanchezdelafuente6126]

​@@jus2jasewhy? He is saying the truth

[@jus2jase]

@@sanchezdelafuente6126 it's true but obvious.

[@Neddie2k]

Costal road is for consumption. Electric power is for production. This government is only interested in consumption.

[@user-zy2cu9sn3s]

Not true. The coastal road will enhance productivity as it is a physical infrastructure and a public good. Two characteristic of public goods that makes it enhance productivity is that it is nonexcludable and nonrivalrous. Nonexcludable means that it is costly or impossible for one user to exclude others from using a good. Nonrivalrous means that when one person uses a good, it does not prevent others from using it. What we are questioning is the process of the contract and all the lies the government lied to Nigerians about the project. Also, we are questioning the PRIORITY of the project at this material time, given that many other federal roads are in a terrible state. Hence, the project itself is not bad. It is the process that we disagreeing with

[@dubemellit2932]

When some Yorubas believed a drug peddler who has never had any management skills, education or awareness….. but always used criminal knowledge to manœuvre everything, engaged other criminals to work for him…. This was Lagos situation. Today, he used the same criminal entreprise to manœuvre himself into power but little did he know that Nigeria is not Lagos state .😅😂

[@AfricanBlackGold-os2yc]

Exactly. Nothing good can ever come from a drug dealer and a career criminal, who stole the people's mandate that belongs to Peter Obi a real leader and not this fraud who imposed himself in the Nigerian people with his criminal cabinet.

[@AvidAfrican]

Tribalism and Religion is big problem in Nigeria

[@goo8295]

When the elites are lamenting, wahala go dey.

[@user-yn7pc8ny5l]

This guy is the best He deserve credit I love watching his video

[@lukmonolamilekan8616]

You're really economist not an online journalist you're the best Ned

[@egbeomooduduwa997]

Thiefnubu should be overthrown and arrested immediately. His incompetence and criminality is seriously destroying Nigeria.

[@emmanuelchrist3082]

Word 👍👍

[@tonyumunna6061]

He has settled the top military officers with properties in various parts of the world. They will never rock the boat. It's their turn to enjoy.

[@egbeomooduduwa997]

@@tonyumunna6061 Nigerians should wake up and reclaim their country. The rank and file of the military establishment are also suffering as a result of Thiefnubu's incompetence.

[@kayodebanjo]

So you believe all the rubbish Ned is saying , his knowledge is half backed

[@sanchezdelafuente6126]

​@@kayodebanjoSay the part that is wrong?

[@jonathanmalong7594]

Dear Ned, you are not just a developmental journalist but a sound economist and patriot. Keep doing the good work. I pray that you will be part of the Obi govt which is sure going to come. Well done bro 👍🏿👍🏿.

[@knowledgecrystalchemistry]

He won't be anything because Obi can't be Nigeria president...

[@sambestchannel1552]

I smelled jealousy ​@@knowledgecrystalchemistry

[@jonathanmalong7594]

@@knowledgecrystalchemistry Thank God you are not God. With God everything is POssible. If you know you know!!

[@mmachukwuemuka6455]

@@knowledgecrystalchemistrySo blind 😮

[@KingMenza]

Some people still think its a tribal war 😂😂😂😂

[@eberebishopebere2240]

My brother u are the best I do listen may the almighty God bless u more 🙏

[@jonathanolutunde4552]

DANGOTE HAS JOINED LAMENTATION CLUB 😅😅😅😅

[@goo8295]

Lamentation United FC

[@chibyk2008]

If the richest man in Nigeria is complaining how about the average Nigerian

[@amaechivictor5221]

😂😂😂😂... you no go kill me with laughter

[@frankugwueze4233]

Imagine? God have mercy😮😅😅😊😊😊

[@nnamdiezeliora8574]

Is Dangote not among the economic advisory team set up by Tinubu? He should keep quiet.

[@cyrusibikunleco556]

Be fair to the man. Do you know whether he gave advise but his advice was ignored. Do you think this government is interested in listening to anyone?

[@justinanaele6649]

You are very wrong and without knowledge. When did BAT appoint economic advisory team? When did BAT devalue naira n remove subsidy? Did BAT has any economic team when he removed subsidy n floated naira? I don't know why most of you comment without common sense!!!. BAT removed subsidy on swearing in without having any cabinet nor economic management team, taking a dig at Dangote is crass ignorance n stupidly.

[@chibyk2008]

He knows. He is from APC. APC have been the one rulling so he just continues from Buhari.

[@ikgodwin7492]

I only know the thief had to devalue the naira, remove subsidy immediatly bcos he was using the naira to stack-up dollars for himself(AT THE EXPENSE OF THE NATION). He had to be fast doing that for he was nt sure he could be in office enough without challenges or revolts.

[@Avoidthismistake]

I’m waiting for them to call on the arrest of dangote for this comment on devaluation of naira. Why l am even bothered, any expectations from this present government is simply a malaria dream

[@danieledet3871]

You're miles away from others in your analysis Ned, thanks for always giving me something to listen to.

[@michaelodiase2649]

They have made terrible decisions instead to acknowledge that they go around blaming it on crypto traders

[@franke1150]

Jagaban! He built Lagos a former federal capital and now he is building Nigeria but to the doldrums. Nigeria deserves better.

[@chibyk2008]

Which lagos did he build.

[@fergusondon276]

@@chibyk2008spot the sarcasm

[@francisobidile434]

Thanks!

[@oriyomiabdul5515]

It's just unfortunate that we saw this coming 😢as one of THE OBIDIENTS, but the sycophants were hell bent on ETHNICISM, TRIBALISM, RELIGIONISM and above all STOMACH INFASTRUCTURE 😢😢😢. so sad. God bless NED MEDIA TEAM 🙏

[@ghanabulksmsportal442]

The man is short of words, he has turned to starmaner

[@amadiko1299]

What a country we found ourselves.

[@desmondihemedu2471]

A lot of companies will still leave if they continue to do trial and error implementing"Nothing" The economy will get WORST with the current metrics!!!!!

[@popsicleice8782]

It's good to have a Canadian Passport.

[@akinyelelola3766]

YOU ARE THE BEST NEDMEDIA NIGERIANS ARE PROUD OF YOU

[@user-xc5ji6kf9e]

Hands Don meet am I said it before not only poor man we feel it lol Nigeria is gone

[@kennybush2004]

It has been a long time coming for private oil companies to build refineries. Now NNPC is claiming that it can not only refine, it can not provide raw crude oil. NNPC or NNPCL has failed. I wonder what they will claim next, 'Oh, we can't ship products. We can't even calculate our volumes right. We need America and China to add 1 and 2 for us'. This screams that private oil companies ought to be major players right now. And the appropriate share to the Niger-delta must be recognized.

[@singanasizwe1229]

I hope this Naira won’t get to 3000 to a $. What a country.

[@stockstock6805]

3000 na small🙄 it's gona be 10,000 by the time he's out of office 😏

[@diligenceeke3023]

​@@stockstock6805 Hahaha... guy you wicked. The problem be say Tinubu and his gang no send anybody.

[@austinoidemudia1148]

Is going to be $1=16k very soon just like Indonesia exchange rate.

[@malama_ka_aina]

Kai, waiting for good news in this country is like waiting for the second coming of that Christian Jesus

[@Conci3250]

He is not that 'Christian Jesus'. He is the Lord Jesus Christ The king of kings and Lord of Lord's. The only living Son of the Living God. And he is coming soon.

[@emmanuelikpefan430]

He is the savior of the world.

[@malama_ka_aina]

@@emmanuelikpefan430 Looks like Nigeria isn't part of that world unless you call what we are as being saved. But this is exactly what your leaders want, keep protecting some symbol that they can manipulate. It is well, I am sure you don't mind no light, no health care, no education, no clean water, and nothing that most of the world accepts as human rights.

[@ven.emekap.anyaorah9681]

He is the inescapable one. If you reject him today as Saviour and Lord, you will meet him at the end of time as judge. The choice is yours.

[@crownprince5633]

Dangote is the main Nigeria problem

[@ogborudaniel8975]

Nice analysis 🎉🎉🎉

[@sulaak]

The devaluation was the right decision. The artificial N460 was supported by $1 billion a month from loans and oil exports at the expense of infrastructure investment. Dangote benefitted from pegging the Naira to the dollar.

[@jamesagba8604]

What have you benefited from the devaluation? Be specific.

[@patrickrealestate-8193]

Why does Nigeria consistently follow IMF directives to devalue its currency?

[@KINGFISHER_04]

He himself is a problem in Nigeria

[@intelligencehaswon5714]

Explain

[@okaforchinyerematthew1937]

​@@intelligencehaswon5714using his brother buhari to knock out is competitor in business.

[@moham.279]

@@okaforchinyerematthew1937, you guys with the usual false narrative. The hate is just too much. Leave Buhari and Dangote alone.

[@okaforchinyerematthew1937]

@@moham.279 did buhari nit create economic chaos in the country? Was it not his 8 years in office that Nigeria become the worst economy in africa cou9le with tinubu economic chaos Promax?

[@oriyomiabdul5515]

They bragged about THIEFNUBU'S CAPACITY... I laughed 🤣. CAPACITY on a drug dealer, a certificate forger and someone whom all the schools he claimed to attend denied him.. 😅😅😅

[@raphaelchukwukwue5681]

A really soul searching analysis, as always. Well done, Nedmedia.

[@jus2jase]

Obviously the more money you have, the more you feel the devaluation of the Naira.

[@krisboyfavour8603]

Why is Dangote complaining when he is one of those who created the problems Nigerians are facing.

[@intelligencehaswon5714]

What did he do?

[@krisboyfavour8603]

@@intelligencehaswon5714 A lot

[@intelligencehaswon5714]

@@krisboyfavour8603 Do you think most of his wealth was generated by corruption?

[@ydktvofficial]

If almighty Dangote can be lamenting like this 😂 my i stand for one Nigeria i hail ooo hmm

[@oceejekwam6829]

The oil companies like Total, Eni etc will relocate to Namibia which has found reserves 3 times the size of what Nigeria has, and doesn't have the degree of unprofessionalism that characterises leadership and management of the oil industry in the country. The wold doesn't have time for the foolishness that pervades Nigeria. There are many and better opportunities elsewhere with less hassle and danger.

[@kingsleyohiobo3265]

What goes around comes around They are all partners in the good and bad happening in Nigeria,they should shut the door behind them look at each other eye ball to eye ball tell themselves the bitter truth and do the right thing and stop all this shenanigans Save Nigeria from the deep dive of the mess they have dragged us in God bless you Nedmedia 9:26

[@Steve_IkI]

End time misery

[@ogbuonyeka8520]

I really thank God, it's effecting everyone now, let everybody continue crying, before they thought Obi and Igbo are going to suffer.😂😂😂😂

[@isinyemiadesina4091]

WELL SAID , YOU SAID THE TRUTH.

[@oparahugochukwu6548]

What do u expect,, when evil people are in power

[@ifeomaukpabi3489]

Tifnubu regime go touch all of una...

[@kennedyiroanusi5399]

The economist has devalued the Naira, please pay all shareholders their due money

[@victorozoezi9220]

Imagine Dangote complaining what will the poor do, APC Tinubu government is a scarm.

[@tunjiomoshebi6301]

😢It is expected to get worse before it can get better. The situation in Nigeria is so dire,and has been so for so long, to bring about some reasonable progress in the ways we live, we must go through a period of hardship .

[@OsonduMoses]

Dangote where are you when Muhammad Buhari in power, what a disgraceful hypocrisy from the northern Nigeria

[@moham.279]

Typical IPOB spotted. You don’t have the monopoly of talking rubbish…

[@frankugwueze4233]

Bingo, Jonathan peg dollars/ naira @ 200, buhari @400, your bros tinubu @1300 and still counting. Chei!

[@chrisemina2723]

Undiluted fact!

[@mwsschool]

Is very sad that, knowledge is the key, we can now regret why we our judges discarded Chicago University saga. Ppresident does need qualification to work. But knowledge is the key I repeat we want sympathy, but the way things are going we have lost hope. I pray may Allah guide them Amin. Wahala is the topic for everyday

[@mikenwabufo793]

It’s those who laugh at Dangote that would laugh at themselves

[@Godsgrace-jo7ev]

Indeed,for dangote to lament about d mess,its means Tinubu government had refused him on some privileges he has been enjoying for years. Anyway,na we we naw.

[@menubachinedu9135]

You are wallowing in tribal sentiments, hope you guys are buying things cheaper than others.

[@user-cf2el2fb1e]

Good job, NedMedia. Your articles are always informative. God bless you. Please, is it true that there's a military coup in Togo?

[@veraa.9656]

Dangote complain? Brace up with rough ride ahead. Government is not telling Nigerians the truth about our crude oil. Maybe the oil wells are dwindling.

[@MaskmanReality]

Let them fill the pain as the street fill it the rich also cry

[@AfricanBlackGold-os2yc]

And that Person is Peter Obi of The Labour party and he will not rest until he gets back his stoken mandate and he will so these demons better prepare themselves for 2027.

[@thebillybook1136]

Love what you do!

[@EvansUdom]

My problem is that you know more than everyone in the Nigerian government.

[@orodeajuwaghan6936]

What exactly is Nigeria Government ?

[@edwardugo8889]

A kilo of chicken that I bought for 4500 last Sunday is now 5500 today, just 4 days apart.

[@cliffordakporherhe9215]

Excellent packaging!

[@philipadeyelu9811]

Naira was overvalued for too long. Naira must be allowed to find its own level.

[@segunfamaye5377]

That was Buhari, well Buhar& Tinumbu all is APC

[@mikemile399]

Hmmm this country Nawa ooo

[@user-de8jx2zo4n]

If these oil companies exit would it not be local oil companies link to this APC members that would buy them? Maybe this is their plan to hijack all sectors? Just asking

[@thomism1016]

In spite of all this, Tinubu considers himself a genius deserving of of a Guinness World Record.

[@obiflex]

They should invest in security and the rule of law. They need to clean up the corruption in the security agencies and the military. They should give the power companies targets to raise minimum capita base, invest massively in power generation and distribution as well as metering. Those who can't meet should have their licenses taken away and auctioned to capable electricity companies who will then buy out the failed electric companies at a price set by the government.

[@jesszepardorunm4608]

Its a crimal too

[@lawrenceonuorah6019]

Nigeria should print more Naira. Tinubu gave Buhari to print more money. So Tinubu should print according to his advice. From the current prophet of Umuezumezu

[@JulaJ-oc3rk]

The Nigerian Oil Refineries were functioning in the 70's and 80's because they were new. Then, later, Nigeria could not maintain them for lack of technical expertise. The refineries ended up being shut down even till today !!!

[@KpeliEddy-xm3wc]

It's time to take actions Actions speak louder than words!!!

[@Khalidlawalx-777]

Africa’s biggest poppet leader after the Abidjan man.

[@shakiruramoni1652]

Ned many thanks, please kindly help us the reason behind why Dangote is not getting our own Nigeria crude oil.

[@damianeze7292]

For them, instead of having an Igbo man as President, let bag of rice move from #8,000 to #80,000. One Nigeria, we move.

[@Ikukundu]

Tinubu administration don make Dangote age 50 years plus 😅

[@yohannaagbanaji8012]

Sometimes I wonder who advises our leaders when they want to make decisions. Our so-called analysts and experts only know how to speak big big grammar. Imagine the confusion and hardship that is brought upon us as a result of a bad policy. Imagine the confusion that our CBN, and the minister of finance have brought upon us. All due their actions.

[@ikeokwesa5693]

Its a case of diminishing returns.

[@austinoidemudia1148]

NIGERIA EXCHANGE RATES Is going to be $1=16k very soon just like Indonesia exchange rate.

[@murphyben8882]

Indonesia currency is far better than Nigeria Indonesia 2024 budget is more than 200 billion dollars And price of food items is stable in Indonesia, so don't compel Indonesia with Nigeria, It'll take Nigeria 200 years to get where Indonesia is today

[@austinoidemudia1148]

@@murphyben8882 Yeah, I know, Indonesia has a stable economy but the currency still weak and I lives in Indonesia for 12years now. Jakarta and Bali, Surabaya.

[@THErockthatnverfails]

So sad that Dangote is out with this kind of rhetoric.I smell Tinubu is not giving him the access he was used to in previous governments. Truth be told the government and the governed have a stake in building the country we all want.

[@nebsDigos9732]

They are not telling us the situation of our crude oil. I think we're not in control of our oil resources. Things are not right somewhere. Ned, Dangote can be poor in 24 hours if they decide. About 6 years ago, a Scottish billionaire suddenly went bankrupt and died poor

[@scatmanz2496]

Devaluation of the Naira is actually a good news for Nigeria.. but they don't know it. El Salvador matches the dollar 1 to 1.. it was the biggest mistake ever made by the Salvadoran government.. things became so expensive that the whole Nation turned into a criminal gang box.. Nigeria should focused on more domestic products and increase homegrown production. At the same time embark on strict price control on local commodities. . Example ... if a local trader wants to sell any unimported products, which he or she never pays custom or excise duty .. must be held accountable.. Remember.. the price for their so called profits must be included in their transportation fees for the homegrown products... Sierra Leone devalue it's currency and actually things get better.. especially on domestic products and also remittance from Diasporans.. Nigeria should now more focused on trading within African countries than the west.. for the potential is there. At times when the west tried to squeeze you dry.. its another wake up call to manipulate things to your advantage.

[@orodeajuwaghan6936]

It's the west (IMF )that is advising Tinubu .

[@user-zy2cu9sn3s]

Devaluation is only a good policy if we can implement inport substitution, that means we will have local production. However, for an economy that is almost 100% import dependent, Devaluation is not a good policy. The interconnection between every sector of the economy makes it impossible to enforce price control over locally produced goods, it should be noted that in producing locally, the inputs are mostly imported. Even a local farmer producing garri, will need to buy cutlass that is imported, will need to buy fertiliser that is imported and so on. Finally, in a market economy, price control is not enforced. Market forces of demand and supply brings about price discovery

[@ikaraikara7270]

This man called dangote is d biggest headache fr nigeria. Very, very selfish a man.

[@ebipius4893]

Tinubu administration is total mess

[@Ozzidigipro1]

Dangote and the previous administration were part of the economical problems we are facing. Buhari-Emefiele-Dangote tag team caused us an economical drag which has forced an unnecessary non-thought-out policies.

[@oluwaseun3771]

You are obviously an Igbo man

[@NDUGOD]

Why are Tinubu and co fixated on a particular road⁉️⁉️⁉️ Why not fix other terribly bad roads

[@jesszepardorunm4608]

It's not Tinubu and let dangote come and explain why selling cement for us very highly price in Nigeria

[@omobabaaremu226]

Blame CBN. Nigerians pretending to like Nigeria.

[@tolukayode9487]

All those, whose businesses have prospered in the country since the seventies are responsible for the current economic disaster in the country.

[@kayodebanjo]

The power sector is privatised , does not belong to the Govt

[@ikenwogbu3372]

😢😢😢😢

[@Ikukundu]

Dangote should keep his mouth shut same way he did throughout in support of Tinubu. Like a dog make him begin to lick his wounds 😅

[@uchechukwuokpala944]

Nigeria is a British/American enterprise. So it will be very difficult for your political elites to do something good. People that gave you democracy knew you can never have sustainable development. China and Saudi Arabia, Dubai doesn't practice democracy.

[@ibstudiosHD]

Tbh, the oil theft is as result of the government having its hands in the means of production of oil. I might not be a fan of Atiku but to be honest Atiku was right. The Oil sector should be totally privatized. All the government refineries should be sold to private entities. The Nigerian government isn't the solution, they are the problem. We need to create system that keeps the government away from the means of production in all the industries. Power generation should also be privatized.

[@oluwafemiolatunji2760]

Rather than concentrate on building a coastal road, why not divert these funds into generating power or improving our refineries? Thiefnubu and his entire cabinets are daft and only interested in sharing money.

[@zionnwokoro1631]

Is this country jinxed

[@akingold2467]

"The formula is working" abi?

[@user-zy2cu9sn3s]

Mismanagement

[@tonyumunna6061]

Tinubu is simply keeping his promises of reducing the people's purchasing power and slowing down the economy of Nigeria. This is a fact that must be highlighted in each presentation.

[@GoLab-ne8ji]

Abi na statistics we go shop? Nigerian tribalist una well done ooo , at the end of the day na every body go suffer am

[@lawrenceokechukwu8680]

Wonder what is stopping him from building Nigeria like he did in Lagos according to his gullible fellow Yorubas

[@user-zs7ox9wp2t]

Dangote's monopoly of crude oil refinery will not serve Nigeria consumers well. Nigeria's population is growing at a rate that diversification of crude oil refinery will produce positive outcome.