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PHOTO: Can We Ever Have This Kinda Air Fare Again? - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / PHOTO: Can We Ever Have This Kinda Air Fare Again? (635 Views)

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PHOTO: Can We Ever Have This Kinda Air Fare Again? by eyamensah(m): 8:32am On Dec 22, 2014
Once upon a time in Nigeria!

Re: PHOTO: Can We Ever Have This Kinda Air Fare Again? by temitemi1(m): 8:38am On Dec 22, 2014
Mayb next life man...
Re: PHOTO: Can We Ever Have This Kinda Air Fare Again? by Nobody: 8:49am On Dec 22, 2014
eyamensah:
Once upon a time in Nigeria!

The problem is that thanks to our oil dependency.....the value of the naira has never ever been stable....especially as we are not a manufacturing economy.

If we manufactured a lot of goods domestically and exported them for profit....we would earn enough forex to keep our naira strong. Because we use our oyel money to import....we lose forex....and as such lose the means to back up our currency in hard times.

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