How just #548 million go cause naira fluctuation.

[Lida93]

When I first see the headline I shrouded my shoulders onto say this our government no wan stop to the amuse us by chasing shadows instead of coming out clean in terms of their acclaimed wey them say na to salvage the Naira from further devaluation.

Because how come wey na common #548.6 million in Naira not even in dollars sef nah the cause fluctuations of the Naira for a country wey annual budget na in trillions, whereby politicians dey the siphon billions in Dollars into their overseas accounts everyday and this one no com follow the cause fluctuations. Lol.

Why this Naija government just the always find ways to blame cryptocurrency for their incompetence with the country economy and currency devaluation? For people wey the do p2p trade for this our exchanges we dey use make ona try the remind una clients/merchants not to use/attach crypto related words for the transaction description cause na one of the means banks the take suspect such transaction wey the lead to freezing of bank account as we see for the image.
source.

[promise444c5]

I don't know how they did that, through the exchange or what??
Sometimes,  I just wonder how this people think before doing somethings, it's like they're just looking for a major aspect to blame their incompetency.i mean how could that amount affect the whole Nairw value truly . I always knew they weren't satisfied with Binance and Okx and now thay are gradually migrating to Bybit which is currently widely used by majorities

[Orpichukwu]

Why this Naija government just the always find ways to blame cryptocurrency for their incompetence with the country economy and currency devaluation?

Dem they blame who them fit blame nah no be say dem no know watin dem they do but nah just say dem wan make noise make people no way no understand how things they go feel like say dem they really do work for those position dem they occupy when nah wrong people them they tackle.

Since eh be say nah P2P people they devalue the Naira over the dollar why them get almost same fixed price when dem wan sell the dollar give person with that of P2P people? No be say dem no know the cause of this high inflation way they lead to devaluation but dem just wan keep quite bcuz they they favour from am.

[Moreno233]

I don't know how long this our government will continue to disgrace us in the eyes of the international community. How does p2p trade influence something as big as countries exchange rate in a country where less than 20% of the population uses cryptocurrency. The should focus on restoring the economy they have destroyed rather than share blames here and there for their ineptitude. Even if all exchanges stop operating in Nigeria, it will not change the fate of the Naira if our economy is not improved.

[Spaceman1000$]

When I first see the headline I shrouded my shoulders onto say this our government no wan stop to the amuse us by chasing shadows instead of coming out clean in terms of their acclaimed wey them say na to salvage the Naira from further devaluation.

Because how come wey na common #548.6 million in Naira not even in dollars sef nah the cause fluctuations of the Naira for a country wey annual budget na in trillions, whereby politicians dey the siphon billions in Dollars into their overseas accounts everyday and this one no com follow the cause fluctuations. Lol.

Why this Naija government just the always find ways to blame cryptocurrency for their incompetence with the country economy and currency devaluation? For people wey the do p2p trade for this our exchanges we dey use make ona try the remind una clients/merchants not to use/attach crypto related words for the transaction description cause na one of the means banks the take suspect such transaction wey the lead to freezing of bank account as we see for the image.
source.

The Government na directionless Government na, them just wan blame their incompetence on anything just to create excuse, since when them fight to remove naira P2P on kucoin and Binance the exchange rate to reduce to 150naira to Dollar na. 548.6 million reach watin ministers dey corner from their various ministries. As them notice say crypto na one aspect way the youths dey engage in and are making it big, them just wan control am by all means whatsoever. They are forgetting that the only way they can strengthen the naira currency is by being productive and not by all these shenanigans they've been doing lately.