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Nairaland Forum / Nairaland / General / Politics / Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni (19015 Views)
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Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by general111(m): 6:49am On Oct 05, 2022 |
SlavaUkraini:seeing this picture now makes me really annoyed... This tinubu carjoled us into voting buhari, and buhari has wasted nigeria... Life was easier 7yrs ago walai 1 Like 1 Share |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by Agboriotejoye(m): 6:51am On Oct 05, 2022 |
stepaside2:This is the only sensible comment on this thread that speaks to issues. It's a sad testament to Nigerian youths that they refused to think about the message but jumped on the messengers back while another two where insulting each other and their families just for politician's sake. This thread is a poor testament to Nigerian youths. We really do have a long way to go. 1 Like |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by CheapHomes1: 6:56am On Oct 05, 2022 |
Afamed: You are right. He erred. He has been punished and he has apologized. Has that diminished the import of his message? How many leaders have been punished and how apologized for all the nonsense they have been doing? |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by ElSudani: 6:57am On Oct 05, 2022 |
Buckeyemedia1: You are talking rubbish. For example, if Obi becomes president and after his 8 years in office Nigeria becomes one of the 10 largest economies in the world you will argue Obi had nothing to do with it because Nigerian economy was already the largest in Africa when he took over? You guys are not good with logical reasoning. |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by Nobody: 7:00am On Oct 05, 2022 |
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. |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by Nobody: 7:01am On Oct 05, 2022 |
stepaside2: I do deeply apologise for having just one like to give this brilliant post. I am so sorry about that. On a more serious note, that's the fact. |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by Ubanz: 7:03am On Oct 05, 2022 |
And the same buhari came in and plunged the the naira. |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by yahmohy27: 7:06am On Oct 05, 2022 |
begoniaa:Pity your generation what concerns you with Nigerians mind your buz |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by Nobody: 7:07am On Oct 05, 2022 |
Ubanz: 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 1 Like |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by 07kjb: 7:14am On Oct 05, 2022 |
Buckeyemedia1: So what are you insinuating? That people shouldn't to think we'll before voting |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by folake4u(f): 7:18am On Oct 05, 2022 |
Na only me never enjoy this country oh. ![]() 2 Likes |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by 07kjb: 7:28am On Oct 05, 2022 |
Kasssandra: U are trying to sound wise but you ain't Let's compare UAE WITH NIGERIA,THIS IS A COUNTRY THAT DEPENDS SOLELY ON OIL THAN NIGERIA. BAD LEADERS IS THE PROBLEM OF NIGERIA TAKE A LOOK AT COUNTRIES LIKE SWITZERLAND WHAT DO THEY HAVE, THEY ARE JUST Good IN COMMERCE LET'S BE REALISTIC AND STOP BEATING around the bush Bad leaders is our problem 2 Likes |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by wirinet(m): 7:31am On Oct 05, 2022 |
Kasssandra: 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? 2 Likes 1 Share |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by Abubaushe(m): 7:37am On Oct 05, 2022 |
SteveDGreat: |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by begoniaa: 7:45am On Oct 05, 2022 |
Lanretoye: Them say vote wisely and you immediately went to analysing Obi. ![]() Fam, nobody even mentioned his name here. |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by Starz825(m): 7:53am On Oct 05, 2022 |
Buckeyemedia1: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 ROLE 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... 3 Likes |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by BigIyanga: 7:56am On Oct 05, 2022 |
Buckeyemedia1:We have to accept responsibility. Not everyone is responsible for what is going in Naija. Naija Army and their cronies won the war over 40yrs and decided to share Naija assets amongst themselves as spoils of tje war. They refused to build power stations, hospitals, cities, schools, airports, roads for themselves. There is no state in the country where there is a city like Nairobi, Tripoli, Cairo with functioning streetlights, fire and Ems services… portable tap running water. No Naija airport is as good as good Nairobi’s..This fallacy that everyone is responsible is pure delusion. 1 Like |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by pinkasso: 7:59am On Oct 05, 2022 |
Mr Useni I think your conversion is wrong its suppose to be you getting £793 for =N=650 from the quote you gave...all the same your message was well understood.. |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by Nobody: 8:00am On Oct 05, 2022 |
I think his calculation was wrong. If #793—€650, then €1 is not #0.8… 1 Like |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by BigIyanga: 8:01am On Oct 05, 2022 |
wirinet:Fallacy. Nigeria has never made cars. We imported peugeot parts and assembled. Did we import with Naira? Machines used to make Kano textiles were imported with FX. Una version of Naija is quite different from reality |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by Toneymoye(m): 8:08am On Oct 05, 2022 |
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. |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by tegrianonigltd(m): 8:09am On Oct 05, 2022 |
Afamed: Take the message sometimes leave the messenger. Don’t be dumb, daft and senile because of sentiments and emotions |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by tegrianonigltd(m): 8:10am On Oct 05, 2022 |
Buckeyemedia1: He never stole in office. He never stole as chairman of the nations two big banks, ceos if organizations etc |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by Proudlyngwa(m): 8:10am On Oct 05, 2022 |
Starz825: 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 |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by Starz825(m): 8:12am On Oct 05, 2022 |
MyFlair:Exactly... I noticed it too If 1 pounds is 0.8 naira...then 793naira can never be 650 pounds...it should be more than 650 pounds.... So it should have been....793/0.8=£991 |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by Obainomilano: 8:13am On Oct 05, 2022 |
Afamed:agbadorian trying to deflect from the topic as usual.. |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by Panda7: 8:15am On Oct 05, 2022 |
what has really now changed between the nigerian economy and the british economy ? |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by BigIyanga: 8:19am On Oct 05, 2022 |
Toneymoye:Stfu. Dangote became a billionaire�� thru import. Otedolar became a billionaire �� thru oil import. All Naija oil billionaires became rich thru import. Tell your govt build powerr plantz, roads and railways… then we can manufacture 1 Like |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by Originalsly: 8:24am On Oct 05, 2022 |
A country's currency is as strong as the mentality as it's leaders. I never heard such BS in my life ... but some are here praising this like they're words of wisdom. Bush ... Obama ... Trump .... did they have the same mentality? ... did the US dollar ever tank? |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by netmillionaires(m): 8:27am On Oct 05, 2022 |
Only fools listen to this nonsense rhetoric. Imagine saying Nigeria will be a global force in 10 years just so you could promote your chosen candidate. Something even china and Dubai couldn't do. People are even praising someone that lacks understanding of simple arithmetic. |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by Starz825(m): 8:28am On Oct 05, 2022 |
Proudlyngwa:That's how you see it.... Because the Society produce the leaders doesn't mean the society is respons mmible for the decisions they (leaders) make Now the major problem of Nigeria is corruption.....the leaders are the ones who started that corruption.... Now the leaders have the power and the authority to make laws and enforce laws that make the constitution.... Now even though the Society produces the leaders who then decides to be corrupt....and with the power and authority vested on them ...can the society confront them...... Ok wait...I want to ask some questions... * Who make the laws ... The Nigerian society ![]() * Who implement the laws.... The Nigerian society ![]() *Who interpret the laws........the Niigerian society ![]() Let's discuss it.... These guys in the arms of government are the ones who rule Nigeria.... And once they do not rule well...it will have a consequential effect on the citizens.... For example If you are Into economics very well...you will understand that one of the majors effect of unemployment(one of many Nigeria's problem) is the increase in crime rate.... That's the consequential effect of a bad government.... Lets stop blaming Nigerians..... Once those who represents us in government can make standard laws (not laws that favours them)..every body will sit up... Go to south Africa....their forner president in the person of Mr zuma....he is in jail as I speak to you ..that's a country that has laws... But in Nigeria...they will tell you immunity...how many of our president has been brought to court for questioning....cos there is no law..even though they were involved in corrupt activities during their tenure .... Look at the case of china ...which government officials dare to steal public funds... Once you are caught you are gone.... That's how it is...... A lawless government will create a lawless Society.....the government is lawless.... citizens will automatically be outlaws.. Why do we have government in the first place...is it not to avoid anarchy..... Government has a purpose Because I vote you come mean say make you do anyhow.. because you no say nobody go catch you...you see why I said we needs laws that works.... We are of different ethnic tribe, religion ..and we still don't have laws...what do you expect.... Even God has laws and policies that he sticks with... Ok now why do Nigerians kind of behave well when they get to Europe...... because they are conscious of the law there... Society produces - the leaders (who are expected to be unbiased) the leaders produces- laws and policies that governs the society.... That's the circle... But it's not there .. Nigerians pay for everything they use for themselves and you are saying they are lazy....na shame ooo..... Nigerians are not encouraged..they are not motivated...cos the cost of living is high...the standard of living is not there.... people are now selfish... why... because we now have the instinct - survivor of the fittest Look at it... When a man that is supposed to be the head of his family... doesn't do anything in the house....food oo na wife , house oo na wife... children school fees ooo na wife..... Do you think the wife will have any single respect for the husband..no matter how small ![]() Omoo Let's be realistic abeg... |
Re: Forty Years Ago, 1 Pound Was 0.8189 Naira - Rufai Oseni by netmillionaires(m): 8:36am On Oct 05, 2022 |
He said what he said because people who go about shouting VOTE WISELY doesn't even know who the wise choice is. They implied VOTE OBI. To them any vote apart from a vote for Obi is not a WISE VOTE. begoniaa: |
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