Post
Topic
Board Nigeria (Naija)
Re: Two Events that'll Influence the Strength of NGN /USDT
by
Asiska02
on 06/06/2023, 22:40:34 UTC
2. The BAT administration :[/b]
The BAT administration is very critical for the economy of Nigeria. Starting with the removal of fuel subsidy and the reaction of the USD to NGN as a result is just one of the many policies to be introduced.

This was a very bold step taken by the president of Nigeria, Bola Ahmed Tinubu. This should have been effected a long time ago but I don’t know why the past governments keeps delaying it till now. We want a government that is ready to take action and responsibility immediately to better the economy of our nation. We are far left behind amongst other nations, I pray the renewed hope favours all Nigerians.

Note that the Dangote refinery was just commissioned but the truth is the refinery is not functional yet because it has not been fully built and it will take up to August to October 2023 to have the refinery working and which is a long time from now that may make different sense to Nigerians.

This was not what was disclosed to the public about the refinery during lunching. It was said that operation will start immediately and the first batch of crude oil will be supplied to the refinery by June. But if what you’ve said is true, then we could face another shortage of petroleum products if we don’t have enough in stock that were already refined to be used till October 2023.