Many nigerians believe pmb electoral promise are unrealistic but from the steps already taken by the present govt. and the next to follow, i think one dollar equal to one naira is realistic. Below are some of the steps.
[1] golden eaglet, u-17 world champions were paid N20k instead of $20k
[2] governors move to reduce 18k minimum wages.
[3] fuel selling @400 per litre in some places just like $2 per litre in the US. note 400 naira is equal to $2 @ exch. rate of 200 per dolar.
[4]TSA to keep away money from the hand of commercial banks. Most of the time how this give out loans to SMEs,firms etc and is what littre our market with too muchmoney and increase inflation which at the end of the day reduces the naira value. Now TSA will keep this off our market.
According to the law of economics with scarcity in place prices must rise therefore with scarcity of naira its value most rise.

Twisted

You are only comparing prices or the worth of petrol alone but doesn't mean $1 equals #1.
If you can use $2 for Petrol and can't use #2 for same petrol rather using #400 the equation is not balance. And mind you America doesn't use litres for fuelling they use gallons as unit of measurement which is higher by 3.7854. Therefore the quantity we buy in naira does not equat the quantity purchase in dollars.

This is the most beautiful 1diotic piece of nonsense I've seen so far I call it BUHARINOMICS ( APC economic team)

I think the OP is high on Osogbo weed....

Sasuwa:

[2] governors move to reduce 18k minimum wages.
[3] fuel selling @400 per litre in some places just like $2 per litre in the US. note 400 naira is equal to $2 @ exch. rate of 200 per dolar

If this is not a joke then the op is high on Congo soft weed

funkyibodude:
This is the most beautiful 1diotic piece of nonsense I've seen so far I call it BUHARINOMICS ( APC economic team)

Walahi, this one pass BUHARINOMICS!
Even APC economic team will disown this dude

Sasuwa:
Many nigerians believe pmb electoral promise are unrealistic but from the steps already taken by the present govt. and the next to follow, i think one dollar equal to one naira is realistic. Below are some of the steps.
[1] golden eaglet, u-17 world champions were paid N20k instead of $20k
[2] governors move to reduce 18k minimum wages.
[3] fuel selling @400 per litre in some places just like $2 per litre in the US. note 400 naira is equal to $2 @ exch. rate of 200 per dolar.
[4]TSA to keep away money from the hand of politicians. Most of the time luxurious and ungodly spending of public funds by our politicians is what littre our market with money and increase inflation which at the end of the day reduces the naira value. Now TSA will keep this off our market.
According to the law of economics with scarcity in place prices must rise therefore with scarcity of naira its value most rise.

this is illiteracy in its purest form..

go on u janjaweede.

It's either your Economics teacher did a terrible job or you are just naturally dumb

But I heard oshodi weed is not that effective, how come

Why did I click this thread?...... Mtweeew

Ganja at work........ u try sha.

Oh brother...@Seun, you gotta put the slap on the forehead smiley!

OP woke up on the wrong side of the bed. He need to sleep back

This assumption should be quickly debunked. An equal equivalent of the naira to the dollar is unhealthy for our economy. Moreover, we do not have the required production capacity to create such possibility. The only way to achieved that is by simply fixing the price for dollars. On the other hand, giving the present situation in the oil markets, where many more suppliers are entering into the market, there would be a huge decline for Nigerian oil.

The best way to do this, is create more alternatives for oil. However, when you ask the government, they will tell you Agriculture and that is the dumbest response so far. We have nollywood and Afro music, we have young people with talents that can invest in the next big thing, we have textile companies, there is solid minerals. The basic thing is to create a world wide demand for our products i.e creating essential commodities that the world wants regardless of the price. Till then we should stop dreaming about one naira equally one dollar and I wonder how come Buhari allowed that as part of his campaign programs.

Eyaa

Warey reh oh! Oil don finish for your head @OP

johnel2:
But I heard oshodi weed is not that effective, how come

he let iyangbali no babangbali tye am for am. d guy spit na highness

ganjaweede economic team.