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Nairaland Forum / Nairaland / General / Politics / Fall Of Naira To The Dollar,don't Blame Buhari:- Sen Ben Murray Bruce (899 Views)
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Fall Of Naira To The Dollar,don't Blame Buhari:- Sen Ben Murray Bruce by rosalieene(f): 10:02pm On Feb 20, 2016 |
Sen. Ben Murray Bruce:-
Many Nigerians are complaining about the
constant fall in the value of the Naira and they
blame the Government.
But is the government really to blame? In truth,
our insatiable appetite for all things foreign is to
blame.
I always fly Arik Business Class whenever I am
traveling abroad except Arik does not fly on that
route.
Not only is an Arik ticket a fraction of the cost of
a British Airways ticket, but the money I pay to
Arik circulates in Nigeria and helps firm up the
Naira’s value.
As I speak to you today, a British Airways
Business to London is ₦2,103,666 while Arik
Business is ₦551,545 yet our elite still fly BA
But though Arik offers an affordable alternative
to British Airways and other foreign airlines, our
big men prefer to pay double what Arik charges
to BA and other foreign airlines for the same
services and yet they complain about the value
of the Naira.
I have Nasco cornflakes and I have eaten Kellogs
cornflakes. In terms of nutrition and taste they
are almost indistinguishable. Yet our elite who
will rather eat Kellogs than Nasco cornflakes,
wonder why the Naira is falling!
Even something like Quaker Oats can be
substituted with corn meal known locally as pap.
Obasanjo Farms of Nigeria and other large scale
poultry farms have the capacity to provide
chicken for the entire nation. Since that is the
case, why are we even buying imported chicken?
In fact what is wrong if every family in Nigeria
has a poultry in their backyard to give them eggs
and meat?
My steward went to Makoko, which is one of the
largest fishing communities in Lagos. He wanted
to buy fish and they were selling imported frozen
fish!
Yet in the very waters in front of them, there
exist fresh fish that is more nutritious than the
cheap frozen fish they were selling.
We keep spending over 1 Billion Naira importing
rice when our own farmers are capable of
meeting our national demand for rice. But for
some reason, Nigerians just prefer to buy
imported rice.
The imported rice we buy in Nigeria is not as
good as our local rice because it has been
stored for years in silos and treated with
chemicals.
Moreover, every time you buy it, your money is
going out of Nigeria to service an economy in
Asia. The end result is that their currency gains
value while ours loses value.
Have you ever wondered why European
Premiership Clubs are so interested in Nigeria? It
is because Nigerians spend billions traveling to
Europe to watch their games, buy their
merchandise and promote their leagues.
Yet, back at home, we would not be caught dead
watching our own local league.
If we will not spend money on made in Nigeria
goods and services, how can we expect our
Naira to hold its value and appreciate?
Obviously we can not cut ourselves off from the
world. No nation is an island, but at least we can
fly Nigerian airlines, eat locally produced food
and patronize our football league.
If we do this, not only will our economy grow
and produce jobs for Nigerians, it will also make
our goods and services improve in value such
that they will be attractive enough to be
imported.
I bought Innoson vehicles as official cars for my
staff. I have never lived to regret it one day.
They are comfortable and durable. But most of
all, I know that my purchase helps to keep jobs
in Nigeria and improve the value of the Naira.
I urge you to do the same. We have no other
country but Nigeria and it is you and I that will
make it what it is.
If we buy Naija We Will Grow Naira
My name is Ben Murray-Bruce and I just want to
make Commonsense!
# BuyNaijaToGrowTheNaira # MadeInNigeria
Be Proudly Nigerian
#copied. |
Re: Fall Of Naira To The Dollar,don't Blame Buhari:- Sen Ben Murray Bruce by HungerBAD: 10:03pm On Feb 20, 2016 |
Ben Bruce my man. Knew this man is an APC man in his mindset. This are the exact things we have been telling the wailers,but they will not let the President rest. Nice one there Senator Bruce,and more power to your Elbow. 2 Likes |
Re: Fall Of Naira To The Dollar,don't Blame Buhari:- Sen Ben Murray Bruce by TECHNINE: 10:08pm On Feb 20, 2016 |
no sauce? |
Re: Fall Of Naira To The Dollar,don't Blame Buhari:- Sen Ben Murray Bruce by dulux07(m): 10:11pm On Feb 20, 2016 |
I and other reasonable nigerians aint blaming buhari for the fall of the naira. We r only urging him n his team to find a solution ASAP. 2 Likes |
Re: Fall Of Naira To The Dollar,don't Blame Buhari:- Sen Ben Murray Bruce by PoliticalThuG(m): 10:28pm On Feb 20, 2016 |
If bullari is not to blame, why did u advise him to appoint special advisers on our economy instead of appointing more media spokesmen? This bruce of a man is just seeking relevance where there is none. |
Re: Fall Of Naira To The Dollar,don't Blame Buhari:- Sen Ben Murray Bruce by datola: 10:45pm On Feb 20, 2016 |
This is how to make a common sense Mr Bruce. |
Re: Fall Of Naira To The Dollar,don't Blame Buhari:- Sen Ben Murray Bruce by coolscott(m): 11:30pm On Feb 20, 2016 |
rosalieene: Always try to let there be enough white space on text posted online. It makes it easier to read. |
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