Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

The IMF’s Naira Stability Fantasy: A Slap in the Face of Nigerians

Nnaemeka OkwarabyNnaemeka Okwara
October 23, 2024
in Business & Finance
0
The IMF’s Naira Stability Fantasy: A Slap in the Face of Nigerians
Share on FacebookShare on TwitterShare on Whatsapp

In a remarkable show of economic skill, the International Monetary Fund (IMF) has announced that the Nigerian Naira is “stable.” This statement has left many Nigerians puzzled, questioning whether the IMF is looking at a different situation. The IMF’s approval comes at a time when Nigeria’s debt is increasing due to a recent loan agreement by the Federal Government (FG).

The Naira’s value has dropped, inflation has risen, and economic difficulties have worsened. Despite this, the IMF maintains that our currency is stable. It’s unclear what standards they used to make this judgement – maybe they used a crystal ball?

The Naira’s continuous decline against major currencies highlights our economic challenges. Inflation is around 30%, reducing buying power and pushing many people into poverty.

The IMF’s claim of stability is an insult to Nigerians who are struggling to make ends meet. Has the IMF overlooked Nigeria’s growing debt payments, deteriorating infrastructure, unreliable electricity, and rising unemployment?

Their selective memory is shocking. The IMF’s evaluation is full of hypocrisy, putting creditor interests ahead of Nigerian lives.

This situation raises important questions: What secret plans are behind the IMF’s positive view? Did the loan agreement affect their evaluation? Do they really care about Nigeria’s economic health? The IMF’s position weakens its economic expertise. Nigerians deserve honesty, not false promises.

Nigerians must hold the FG and IMF accountable. We need economic policies that help citizens, not just creditors. Inclusive, sustainable growth plans are crucial. The IMF’s reputation is in ruins. We must challenge this story and push for real change.

The IMF’s claim about Naira stability is an insult to Nigerians’ economic experiences. Their credibility problem needs careful examination. We can’t afford to be misled.

A good inflation rate, around 5-7%, helps the economy grow. But Nigeria’s current inflation rate is harmful. The IMF and World Bank suggest keeping debt-to-GDP ratio, fiscal deficit, and inflation under control. Nigeria is not meeting these guidelines.

The Federal Government should focus on long-term economic plans to help Nigerians. We need to ask for responsibility, plans that include everyone, and policies that help citizens, not just lenders.

The IMF’s claim about Naira stability doesn’t match what Nigerians are experiencing.

Tags: federal characterFinanceImfNairaNewsNigeriaThe IMF's Naira Stability Fantasy: A Slap in the Face of Nigerians
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

Related Posts

Dangote Refinery Set to Dethrone India’s Jamnagar, Becomes World’s Largest
Business & Finance

Dangote Refinery Set to Dethrone India’s Jamnagar, Becomes World’s Largest

October 26, 2025
The Tariffs Gets Dumber Everyday
Business & Finance

The Tariffs Gets Dumber Everyday

October 26, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 25, 2025
Next Post
Bobrisky Collapses In Police Custody

Bobrisky Collapses In Police Custody

Listeria Contamination: What You Need to Know

Listeria Contamination: What You Need to Know

At Ease: A Soldier’s Battle Beyond the Battlefield

At Ease: A Soldier’s Battle Beyond the Battlefield

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Several Left Dead After Heavy Downpour Shatters Dam in Cameroon

Several Left Dead After Heavy Downpour Shatters Dam in Cameroon

2 years ago
How to Identify & Overcome Triggers That Derail Your Progress

How to Identify & Overcome Triggers That Derail Your Progress

2 years ago
Intensive Hostage Negotiations Ongoing – Israeli President

Intensive Hostage Negotiations Ongoing – Israeli President

3 months ago
Russian Wrestlers Reject Olympic Participation in Protest Against IOC Conditions

Russian Wrestlers Reject Olympic Participation in Protest Against IOC Conditions

1 year ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Dangote Refinery Set to Dethrone India’s Jamnagar, Becomes World’s Largest

Details of What Led to Pretty Mike’s Arrest During NDLEA Raid in Lagos Nightclub

Venezuela’s Maduro says the US is ‘fabricating’ a war against him

Matty Cash Fires Aston Villa Past Manchester City as They Suffer First League Defeat Since August

Eze​‍​‌‍​‍‌ Haunts Former Club as Arsenal Edge Past Crystal Palace to Extend Premier League Lead

The Tariffs Gets Dumber Everyday

Trending

Arrests Rock Cameroon as Paul Biya Eyes Eighth Term at 92
Government

Arrests Rock Cameroon as Paul Biya Eyes Eighth Term at 92

byEriki Joan Ugunushe
October 26, 2025
0

It feels almost unreal that in 2025, Cameroon is still wrapped around the same old story, Paul...

Why the Louvre Jewelry Theft Was an Attack on French Fashion History

Why the Louvre Jewelry Theft Was an Attack on French Fashion History

October 26, 2025
Bellingham​‍​‌‍​‍‌ and Mbappé Fire Real Madrid to El Clásico Glory Over Barcelona

Bellingham​‍​‌‍​‍‌ and Mbappé Fire Real Madrid to El Clásico Glory Over Barcelona

October 26, 2025
Dangote Refinery Set to Dethrone India’s Jamnagar, Becomes World’s Largest

Dangote Refinery Set to Dethrone India’s Jamnagar, Becomes World’s Largest

October 26, 2025
Details of What Led to Pretty Mike’s Arrest During NDLEA Raid in Lagos Nightclub

Details of What Led to Pretty Mike’s Arrest During NDLEA Raid in Lagos Nightclub

October 26, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Arrests Rock Cameroon as Paul Biya Eyes Eighth Term at 92
  • Why the Louvre Jewelry Theft Was an Attack on French Fashion History
  • Bellingham​‍​‌‍​‍‌ and Mbappé Fire Real Madrid to El Clásico Glory Over Barcelona

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com