SlavaUkraini:
In 2015, Thiefnubú campaigned for Buhari who Promised to do wonders with the Naira that was falling...

Buhari FAILED WOEFULLY..... The Naira is still Falling like stone from the Rooftop.

7+ years later, Thiefnubú is now deceiving himself and his Urchins that they can turn the tide of the Catastrophic Government that he packaged to Nigerians...

Well meaning Nigerians have since rejected them and would teach them a political lesson at the polls Next Year.

stepaside2:
Rufai, I get what you are trying to say. However, the figures you quoted showed that the pound was stronger than the Naira at the time. More Naira exchanged for the Pound Sterling and not the other way round. N793 exchanged for £650, so £1 was N1.22, 22% weaker than the £.

Yes, the British Govt defended the Pound Sterling last week to the tune of £65bln in a single day, yet the Pound crashed to its lowest level against the Dollar in decades (more than 30% loss) if my numbers are correct. Economies are volatile around the world and many currencies have tanked against the Dollar. Our situation may be self inflicted atimes but not immune from the global economic crisis.

The important thing is exchange stability so that businesses can plan. The Japanese Yen exchanges at more than 120 to the Dollar, no issues. As long as we depend on oil revenues for most of our forex needs, our currency is doomed. We have to diversify our forex earnings by exporting more goods and services apart from oil. Any manifesto that doesn't prioritise this and the quadrupling of revenues in the medium term is dead on arrival.

Afamed:
The same Rufai whom Goggle map took to BRT lane. They are worse than the leaders they often criticize.

Buckeyemedia1:
Born, and grew up in Victoria Island Lagos State, Lagos was prosperous long before Bola Ahmed Tinubu was born, I am not a blind follow follow Zombie like you naive minded Obidients.

Actually it is the other way round, Lagos State made Bola Tinubu who he is today.

stepaside2:
Rufai, I get what you are trying to say. However, the figures you quoted showed that the pound was stronger than the Naira at the time. More Naira exchanged for the Pound Sterling and not the other way round. N793 exchanged for £650, so £1 was N1.22, 22% weaker than the £.

Yes, the British Govt defended the Pound Sterling last week to the tune of £65bln in a single day, yet the Pound crashed to its lowest level against the Dollar in decades (more than 30% loss) if my numbers are correct. Economies are volatile around the world and many currencies have tanked against the Dollar. Our situation may be self inflicted atimes but not immune from the global economic crisis.

The important thing is exchange stability so that businesses can plan. The Japanese Yen exchanges at more than 120 to the Dollar, no issues. As long as we depend on oil revenues for most of our forex needs, our currency is doomed. We have to diversify our forex earnings by exporting more goods and services apart from oil. Any manifesto that doesn't prioritise this and the quadrupling of revenues in the medium term is dead on arrival.

begoniaa:
Please, say it louder for the upside-down thinking and blind bats at the back who have cotton wools stuck in their ears.

They shouldn't vote wisely o; they shouldn't.

I pity the urchins at the lowest totem pole of the country especially.

Ubanz:
And the same buhari came in and plunged the the naira.

Buckeyemedia1:
A very lazy nation of people, that have refused to work, always looking for a scapegoat to blame for their own woes.

Vote from now till 2054, a bad tree can never yield good fruits, bunch of hypocrites, multiply Peter Obi into 7, Nigeria will still be the same.

By 2054 the Naira will be so worthless against the dollar, that there wouldn’t be an exchange rate for it anymore.

Kasssandra:


No, the naira was going to plunge because in October 1982, oil prices crashed.

This meant that our dollar revenue fell drastically

As a result, the value of the naira fell.

So long as our naira value depends on revenue from oil and other raw materials whose prices fluctuate meaning earnings fluctuate, we will never have a strong naira.

At least blame buhari for not diversifying our economy in his 8 years in office. In 1984, the situation was different. Even then he could have started something

Kasssandra:
Context

1. Our forex needs were not that great because smaller population

2. It was the height of the oil boom.

3. The UK was weak economically

4. We exported far more than oil, but the danger signs were coming. 1982 was the last year of the groundnut pyramids

5. The shagari regime was not saving so forex was flying around, buffering the naira

6. It was going to eventually depreciate because we were not an and still not a active exporter of manufactured goods and services

7. If obi wins, the pound won't go back to that level.

SteveDGreat:
Rufai Oseni Arise TV Host has taken to his tweeter account to express his wish for a better Nigeria.

Read his tweets .

This guy more often than not retrogressively talked thrash with odium,put the same version of your disdainity on the cost of your 'house' 40years ago and now and publish the figures,to show the
level of your hatefulness of your country,by the way, comparison(s) of this abound!
May be you dont realise that your micro -dot journalistical credibility has been deleted by the '' i will call the governor saga''
Be informed!!!

Lanretoye:
So if we calculate obi's businesses in dollars, he will become president to make 1naira equal to dollar. Yeye dey worry this OP...if na u,u go want your 1m dollars worth 100k.mr man think before u post.my advice is that you should be realistic with your myopic sight.

Buckeyemedia1:
A very lazy nation of people, that have refused to work, always looking for a scapegoat to blame for their own woes.

Vote from now till 2054, a bad tree can never yield good fruits, bunch of hypocrites, multiply Peter Obi into 7, Nigeria will still be the same.

By 2054 the Naira will be so worthless against the dollar, that there wouldn’t be an exchange rate for it anymore.

Buckeyemedia1:
A very lazy nation of people, that have refused to work, always looking for a scapegoat to blame for their own woes.

Vote from now till 2054, a bad tree can never yield good fruits, bunch of hypocrites, multiply Peter Obi into 7, Nigeria will still be the same.

By 2054 the Naira will be so worthless against the dollar, that there wouldn’t be an exchange rate for it anymore.

wirinet:


Also add that our forex needs were not that great because we were consuming mainly local products. We were driving made in Nigeria cars - Peugeot, Volkwagon, etc., we were wearing mare in Nigeria cloths and shoes - Kano textiles, Bata shoes, etc., we were eating made in Nigeria foods - no noodles, bread, we only eat rice once a year, and won't of all no imported fuels. So what did people need dollars and pounds for?

Afamed:
The same Rufai whom Goggle map took to BRT lane. They are worse than the leaders they often criticize.

Buckeyemedia1:
Even Saint Pandora aka Pete Obi is guilty of associating with them.

Starz825:

I hate it when people decide to be foolish especially when they have the capacity to act otherwise..
Jeez......
I have been saying this and I will keep saying this:

GOVERNMENT OF EVERY COUNTRY HAVE A GREATER ROLL TO PLAY IN THE BETTERMENT OF THEIR COUNTRY.....

And who told you that Nigerians are lazy...

If Nigerians were lazy...they wont be trooping out of the their own country to other countries for greener pastures (in large numbers) even in severe cold, they do all they can to put food on the table for themselves and their family (the ones with them and the remaining ones in Nigeria)..

Infact those who can't afford to travel...
Move out of their houses every single day..(some even go on Sundays when occasion calls for it) to their various jobs to make sure they can keep their jobs and provide for their family....even when most employers take advantage of the bad economic situations to pay them less..they won't mind.....they keep moving...


Pls don't ever in life say NIGERIANS ARE LAZY...
if you no wan collect curse..

You think you are full of yourself...no.....you are full of shit....
Rubbish

Stupid idiot, because you have the advantage to get things right early doesn't mean others are lazy...

The shame is on you...

MyFlair:
I think his calculation was wrong. If #793—€650, then €1 is not #0.8…

Afamed:
The same Rufai whom Goggle map took to BRT lane. They are worse than the leaders they often criticize.

Toneymoye:
Importation of goods to Nigeria by container economists is the culpable for this. Ask Obingo how much he spends every year to import Amarula gogoro to Nigeria, your so called Messiah that's hurting economy.

Proudlyngwa:


Nigerians are very lazy.

The end product does not lie.

Mentally Nigerians are lazy.
Intellectually we are bankrupt
Morally we are below sea level.

The society produces the leaders not the other way round.

What is the ratio of leaders to population

begoniaa:


Them say vote wisely and you immediately went to analysing Obi.

Fam, nobody even mentioned his name here.