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Nairaland Forum / Nairaland / General / Business / Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank (12766 Views)
Naira Makes List Of 15 Worst Currencies Against The US Dollar - Statisense / Naira Among Africa’s Worst Currencies, Falls By 40% –w’bank / How The Naira Measures Against The Worlds Worst Currencies Today (2) (3) (4)
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Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by nairalanda1(m): 7:28am On Oct 05, 2023 |
BoldBrainz: Well it is simple 1.Allow power companies set and charge their own prices so that they can pay for improvements, and every Nigerian pays for the power. 2.Allow things like free floating of the naira, end corruption, end looting, etc 3.Improve our tax to gdp ratio 4.Invest massively in vocational and techincal education 5.Incentives for investors to set up companies. Local and international 6.Invest heavily in rail transport 7.Reduce things like tarrifs on components, etc for industrial related things I've dropped my ideas, where is yours? Poeple like you and the APC just want us to share oil money equitably...oil money that is not enough. |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by Whytelyon(m): 7:29am On Oct 05, 2023 |
HenryThegreat1: Built which Lagos? Oga nothing he do. 1 Like |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by nairalanda1(m): 7:29am On Oct 05, 2023 |
RepoMan007: I've been saying this for a long time, but because you think that everyone that does not agree with you is an APC supporter, you think I am talking nonsense. Anyway, am sorry, but you should forget politics, forget Obi, tinubu and atiku. Nigeria must industrialise. Simple and short. Now have a good day. |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by BoldBrainz(m): 7:30am On Oct 05, 2023 |
nairalanda1: Lol. Come this boy, let's even get very invested in this conversation today. First, do you own and run a business of any kind? |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by RepoMan007: 7:30am On Oct 05, 2023 |
Bigchristo:you condemn stereotyping by Yoruba's then stereotype them by generalizing all Yoruba's into one category of tribalists. Your brain is clearly suffering as you can see. |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by Angelfrost(m): 7:31am On Oct 05, 2023 |
Well... Brace yourselves... It might yet worsen. Why can't countries within Africa strengthen one another's currencies by trading more within themselves, and importing less from Europe, America and Asia?!! Africa is more than blessed with enough for the nations within her, but neocolonialism won't allow us progress. |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by RepoMan007: 7:31am On Oct 05, 2023 |
nairalanda1:Go and push for remittance of naira on that daft thread you cannot openly support. Lol |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by nairalanda1(m): 7:32am On Oct 05, 2023 |
BoldBrainz: Ah I see! Good morning. ![]() |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by nairalanda1(m): 7:33am On Oct 05, 2023 |
RepoMan007: Okay, and you can do that on my behalf. Have fun. ![]() |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by Hayorkins: 7:35am On Oct 05, 2023 |
Of course..This is good news ![]() |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by ceejayluv(m): 7:36am On Oct 05, 2023 |
Nigeria and Angola... Two oil exporting countries. |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by Angelfrost(m): 7:38am On Oct 05, 2023 |
bayelsaowei: We?!! Bro, abeg... I refuse to take the blame for the stupidity of millions of daft imbeciles. At this point, it's every man for himself... I thank God for showing me the light years ago. I anticipated everything happening now, especially the massive fall of the Naira... So, I took drastic and decisive steps to improve my finances. As it stands now... Inec is fully compromised alongside the Judiciary, so even elections won't save the nation. Good luck to everyone... Let the financially strongest survive! 1 Like 1 Share |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by Kukutente23: 7:41am On Oct 05, 2023 |
BoldBrainz:Of course Nigeria must industrialise. But the contradiction is that same person was advocating for stifling of industrial inputs. Let me share something with you. Rice is expensive now because the state govs mopped up rice for palliatives that was announced. So many rice Mills right now are idle because farming activities which used to peak in this period has reduced due to insecurity and high cost of farming inputs. I know a mill that will not work until November. So how's that policy that cripples something as basic as farming a good thing in a developing nation? That's the question world bank is answering with this report. Those guys did Nigerians dirty |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by 1Dray(m): 7:45am On Oct 05, 2023 |
Kobicove: Are you blaming nigerians, when you should be blaming who you voted for? 1 Like |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by AlexJustin(m): 7:45am On Oct 05, 2023 |
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Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by wink2015(m): 7:45am On Oct 05, 2023 |
RESTRUCTURING IS THE WAY FORWARD IN NIGERIA. BUT THE POLITICAL CLASS ARE AGAINST IT ESPECIALLY THE NORTHERNERS. By the time the North start facing Agriculture with seriousness they will start reaping the benefit with time and their will increase the GDP at the state and national level. But they prefer money generated from crude oil sales whether it is One Kobo or not. |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by ofwest47(m): 7:47am On Oct 05, 2023 |
Black man black dilemma, Aŕęoye Oyebọla the great Nigerian journalist 1976. By 1970s _ 64 ķòbo = 1$ but during Genera Muritala regime ẹran Muritala and Babangida regime ^^ In Nigeria, You get everything imported from fly covered meat to Television ^^ BBC radio news. so till today in Nigeria, you get everything imported from fly covered meat to Television. so, N1000 =1$. |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by nerdjared: 7:49am On Oct 05, 2023 |
Muslims fanatics said economy or infrastructure is not their concern as long as a Muslim muslim who will uphold their religion is there. Enjoy your religion and use it to go buy food in the market 1 Like |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by meditator(m): 7:49am On Oct 05, 2023 |
HenryThegreat1:It would have faired worse if it was managed by someone that only receives advice from a mad man. |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by Japa007: 7:49am On Oct 05, 2023 |
IPOB don finish nigeria economy ![]() ![]() Simon Ekpa is really pressing their neck so heavily..
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Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by benqo01(m): 7:50am On Oct 05, 2023 |
Those Bat supporters are hiding under this post if you get mouth show YOURSELVES FOOLS |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by Masterito(m): 7:50am On Oct 05, 2023 |
Everything you said balls down to bad leadership. Kobicove: |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by yahoodetector: 7:52am On Oct 05, 2023 |
jahsharon: You should be hiding your c0ne head in shame. Efulefu |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by TOPCRUISE(m): 7:55am On Oct 05, 2023 |
Clap for APC and Emefiele. Their supporters will blame Labour Party for this. |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by Brushstrokes20: 7:56am On Oct 05, 2023 |
.. And reality dawns...👀 # the shyyythole from fry pan to 🔥 # eBOLA on rampage 😏 |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by Brushstrokes20: 8:02am On Oct 05, 2023 |
I never imagined any mortal can beat Buhari"s WOEFUL records! ![]() 1 Like |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by Chimex82: 8:03am On Oct 05, 2023 |
Renewed hope from APC |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by BoldBrainz(m): 8:05am On Oct 05, 2023 |
nairalanda1: Ah, you see? You think doing business in Nigeria comes with an operational manual? You wake up everyday in a home where you obviously pay no bills, pick up textbooks to read and come on nairaland to analyse realistic everyday circumstances, as if you can actually run a POS stand if given the chance. Government should allow electricity companies set their prices? You made this same deposition on another thread and I made efforts to correct the misinformation you were trying to dish out, but you clearly don't learn easy. There are currently no restrictions on electricity tariffs. Whatever increments there have been in the near past, government has had to partially shoulder some of that cost on behalf of citizens. Why? Electricity generation has stalled since 2015. Distribution itself has been an even bigger problem. You cannot keep charging people for services they do not enjoy. Even the simple task of supplying prepaid meters to Nigerian homes, has been riddled with corruption. Half of Nigeria is still on estimated billing. And that is happening because those companies consider that an avenue for sharp practices. Prepaid meters are supposed to come free, but today they cost 105K and even when you struggle to buy, it sometimes takes them months to come deliver and install. These are just a few of the corrupt practices happening in the energy sector. But one small boy sits somewhere and believes the companies should be given a leeway to further rob the masses through undeserved tariffs. I can write an epistle to puncture holes in every single point you raised up there, but it will amount to an exercise in futility, because you clearly know next to nothing about anything in the Nigerian reality. Do you own and run a business? You say "Ah, I see". Textbook Machismo. Mtscheew! 1 Like |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by Lightorder: 8:16am On Oct 05, 2023 |
Kobicove:Cameroon, Ghana etc export what ![]() ![]() Is it not same oil we export is what made Omar , Saudi , Qatar, Brunei etc what they are today Oga people like you are the bad name we export 1 Like |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by juman(m): 8:19am On Oct 05, 2023 |
This is the true value of our currency. We were lying to ourselves before. We have a competent president that is doing his best to rebuild the country. |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by BoldBrainz(m): 8:20am On Oct 05, 2023 |
Kukutente23: Exactly the point. The foundational basics that should act as props for the functionality of industries and companies are non-existent. We are not even considering other extant policies that are supposed to act as buffers to shield these industries from feeling the negative impacts of other unforeseen circumstances. This man just entered Aso rock and picked the two most popular issues according to public opinion polls, acted swiftly on them, without recourse to proper reasoning as to the resonating effects of those moves. It's like waking up today and going to buy a car because you heard your neighbour talking about wanting to buy one cause of its benefits. No thoughts as to how you'll shoulder costs of maintenance. No thoughts as to third party insurance in the possible event of an accident. No thoughts as to whether you had other more pressing home concerns that should take priority to fuelling a car daily. Nothing! 1 Like |
Re: Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank by Kobicove(m): 8:24am On Oct 05, 2023 |
1Dray: Masterito: How is it the fault of the leadership of Nigerians have a fixation for imported items? For instance we have good quality local rice but Nigerians would prefer to buy foreign rice just so they can brag about it. There are also companies that produce good quality floor tiles(I'm talking from experience here) but Nigerians will prefer to import floor tiles just so they can brag that they built their house with imported raw material. Nigerians will go to the supermarket and pick foreign biscuits over Nigerian made biscuits etc After depleting scarce forex on importation of rubbish we're wondering why our currency is constantly loosing value. The problem is with the inferiority complex of Nigerians generally not the leadership! |
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