adejaresalami1:
you are the cause of my belligerence....quote me not anymore!

okay adamu

It's seriously fraustrating me

The problem is the Naira is dependent on the rise and fall of prices of the resources we sell.

When prices go up, the naira strengthens. When prices go down, the naira falls.

Thing is, blaming Buhari for this issue is wrong. (And come to think of it...blaming GEJ too is wrong). We have to change the basis of our economy...from oil dependency to industrial dependency.

It would take time, but we would have a strong economy....and a strong naira.

< sigh > If only we have an intelligent and enlightened autocrat, we won't mind. But autocracy plus cluelessness is making Nigeria a laughing stock in the committee of nations. Government 101 didn't teach me that fighting corruption is the only civic obligation of government to the citizens.

remedick:
We are finished!

U

samx4real:
Its no longer news that d Naira has being falling since time immemorial...





The President that even campaigned to making it equal to the dollar is under performing in all sectors, even in corruption!


Its no longe shame to them but normal... Cause they have lost all there campaign promises!

But you know what?

We are still going to survive even though the naira falls to N500/$.

Are you sure>?

When Naira keeps falling like this,isn't it time we adopt another currency Let's say cedis or CFA for example becase all other currencies seems to be doing just fine except our almighty NAIRA....

Quakertellicus1:
The problem is the Naira is dependent on the rise and fall of prices of the resources we sell.

When prices go up, the naira strengthens. When prices go down, the naira falls.

Thing is, blaming Buhari for this issue is wrong. (And come to think of it...blaming GEJ too is wrong). We have to change the basis of our economy...from oil dependency to industrial dependency.

It would take time, but we would have a strong economy....and a strong naira.

Stop right there,We cannot tie everything to Oil,or waht we produce, we need a stable Economic policy to move Nigeria 4ward, the last finance team where doing a great work plugging this gap,PMB should have kept them and the Agric team.
Have you been to china and the UAE? the have robust policies to encourage investors into thier country.Reasonable tax regim I can go on and on.
Try to register a small Biz in NIgeria and see waht those thieves tell you why it takes just the moment to do same in London.

When I said we should devalue the Naira to N400 some people where busy saying I was spewing thrash!!!

Anyway it's good news for people like me who have started earning Forex from export‎

Kaeforum
ISpiksDaTroof‎
jpphilips
Nalikedis
kenchylala
cornelin
2sexycom
iflywithbuhari‎

Larryfest:
When Naira keeps falling like this,isn't it time we adopt another currency Let's say cedis or CFA for example becase all other currencies seems to be doing just fine except our almighty NAIRA....

Have you been to the countries where these are being used B4?

49cents:
When I said we should devalue the Naira to N400 some people where busy saying I was spewing thrash!!!

Anyway it's good news for people like me who have started earning Forex from export‎

Kaeforum
ISpiksDaTroof‎
jpphilips
Nalikedis
kenchylala
cornelin
2sexycom
iflywithbuhari‎

No they thought it was a silly Idea to devalue the naira, now its going down by force, if it goes to N400 at this level then we would be saying devalue to N600, 9ja which way even as weak as the pounds it still goes for N480-500 to buy from 9ja

erico2k2:

Have you been to the countries where these are being used B4?

Yes i have and they are doing just fine in there own ways but are we doing fine in our own ways atal

Larryfest:

Yes i have and they are doing just fine in there own ways but are we doing fine in our own ways atal

If you have you will realize the high level of poverty there and there seems to be no hope for them and the sad reality is they think its normal

erico2k2:

Are you sure>?

Are you a visitor to Nigeria? If No!


Why are u asking if am sure?

samx4real:










Are you a visitor to Nigeria? If No!


Why are u asking if am sure?

cos U wo nt survive at N500, at that rate things will be X20 the cost

erico2k2:

No they thought it was a silly Idea to devalue the naira, now its going down by force, if it goes to N400 at this level then we would be saying devalue to N600, 9ja which way even as weak as the pounds it still goes for N480-500 to buy from 9ja

That's why I love reality, it has no respect for your stubborn, sentimental opinion

Since Power eludes us the only sure way of totally discouraging ongoing imports of so many things is simply by devaluation to the right value.

Many enterprenuers will start back ward integration asap and when power is improved then it will be a bountiful harvest

onatisi:
emefiele must go but buhari must stay ,abi
Dont worry your eyes will soon clear

Eye Clear What, CBN gov most go jare he is incompetant, should PMB be diong his job 4 him? see animal mentality!

49cents:



That's why I love reality, it has no respect for your stubborn, sentimental opinion

Since Power eludes us the only sure way of totally discouraging ongoing imports of so many things is simply by devaluation to the right value.

Many enterprenuers will start back ward integration asap and when power is improved then it will be a bountiful harvest

Exactly, those hiding $ under bed will bring it out to invest by fire by force.
The man in Ghana who has $1M will run to Nigeria cos we have the m anpower.
Anyways,I just hope we get power generation up, forget this Oil matta, we need power,once that gets i n shape we are good to go,I k now we have loads of brains in 9ja like dis.

Aunky Kemi and Mr Emefiele will soon be shown the exit.

banmee:


How is he to blame? Nigeria is reaping the benefits of decades of mismanagement, corruption, incompetence, and an unwillingness of it's citizens to change their mentality. You reap what you sow.

. which kind madness be this

sophiadfirst:
. which kind madness be this

Again, another NL retort devoid of any argumentative logic or thought process. Isn't it funny that when they don't have anything to say they usually result to infantile insults? Lol.

this is what a delay in policy making can cause, along with verbose & unguarded comments, a false sense of superiority & failure to pick your political fights sensibly.

the solution is however quite near & will involve a big dose of humility... Buhari has to apologise to all Nigerians, especially for his '5% & irritants' comments & promise to work for the interest of all. throw his weight behind the devaluation policy (stop the double speak), let the investors know when you stand. Reduce the price of fuel (by at least 20%). then look set up a high powered economic team to advise on the economy.

political tensions plays a big role in the economic challenges we face today. douse that tension & watch people focus on other more productive things.

Na wa ooo. " shey na like this we go dey dey?"

justi4jesu:
Hopefully we will get there.

getting where biko

justi4jesu:
Hopefully we will get there.

getting where biko
to #500/1$ by year ending right

drlateeph:
getting where biko getting where biko
to #500/1$ by year ending right

Like this nah to hustle abroad sure pass

erico2k2:

Stop right there,We cannot tie everything to Oil,or waht we produce, we need a stable Economic policy to move Nigeria 4ward, the last finance team where doing a great work plugging this gap,PMB should have kept them and the Agric team.
Have you been to china and the UAE? the have robust policies to encourage investors into thier country.Reasonable tax regim I can go on and on.
Try to register a small Biz in NIgeria and see waht those thieves tell you why it takes just the moment to do same in London.

The GEJ team were not plugging the gap, and our agric won't have been enough to see us through.

Until we get off oil and resource dependency, we will never be a prosperous country.....even if oil prices rise again.

samx4real:
Its no longer news that d Naira has being falling since time immemorial...





The President that even campaigned to making it equal to the dollar is under performing in all sectors, even in corruption!


Its no longe shame to them but normal... Cause they have lost all there campaign promises!

But you know what?

We are still going to survive even though the naira falls to N500/$.

amen.. . But alaye, e go hard o

Quakertellicus1:


The GEJ team were not plugging the gap, and our agric won't have been enough to see us through.

Until we get off oil and resource dependency, we will never be a prosperous country.....even if oil prices rise again.

WEll we are worse of by any means,So its safe to say this govt is worse that the past,we changed a winning team.This govt has not done anything better that the one B4.and this is fact.

Maski87:
Nonsense abeg PMB, central bank make una print more naira, this dollars shakara don too much,abi na dollar we go chop?how can you be a sovereign country and be using g another countries money

we import almost everytin.dollar is d money spent in international market. Use ur brain

ramalot:


Nah, it's too late for pity now, my lady. That boat has sailed.

go togo right? Useless mofo.

awoo47:
we import almost everytin.dollar is d money spent in international market. Use ur brain

Do you have to import everything the answer is no
Use whatever you have at home
Liberate you soul from the grasps of colonial mentality

joeace2020:
In as much as people are complaining...i smile when i look at my fiverr funds...one mans meat another mans poison

mumu, how much dey your Fiverr account wey dey make you fill on top of the world? Fiverr is just another slavery when compared to your time and devotion.

Fiverr can't give you the kind of dream you want. Have you built your house since you were Fiverr? Do you have a land? I am sure your earnings are at par with normal 9-5jobbers in Nigeria and no where near the status of a real CEO.

Your pay is peanuts when compared to what some guys bank. So stop feeling on top of the world and mocking other people.

The most pathetic thing about your likes is that you are happy in a situation like this but when bank charge you 350/$ you scream blue murder.

Before you think I am pained, I have made thousands of $$$$$$ but it does not give me the right to feel I am more at advantage here.