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Nairaland Forum / Nairaland / General / Politics / This Naira Depreciation Is Serious (1897 Views)
Naira Depreciation Escalates Manufactured Goods Imports 139% To N5.74trn / 5 Types Of Nigerians During This Naira Scarcity – Which One Are You? / Is This Naira Scarcity Not A Plan To Scuttle Elections And Give Buhari 3rd Term! (2) (3) (4)
This Naira Depreciation Is Serious by Auxtan(m): 3:39pm On Oct 25, 2023 |
I am a businessman into buying and selling. What I sell, since the past 8 weeks has risen in price by 10% in each of the past 8 weeks now. As at today, I got a call from my supplier notifying me of the new 15% increase in price due to dollar rate. So in the last 8 weeks that is an 85% increase in price. My advice to anyone who have money right now, try as much as you can to relocate from this country to a country with stable economy. Why this is important is to save your hard earned money and wealth from losing value. This naira doesn't seem like regaining value anytime soon. 16 Likes |
Re: This Naira Depreciation Is Serious by Tntsi: 3:45pm On Oct 25, 2023 |
It is less than 6 months since chief tinubu criminally took over affairs. In less than 6months, the "builder of lagos" has destroyed Nigeria beyond recognition. Chief tinubu has successfully Destroyed Nigeria globally as Nigeria is now officially ruled by a criminal/ forger gang. Destroyed Nigeria financially Destroyed Nigeria economically Destroyed Nigeria morally. Destroyed Nigeria constitutionally Destroyed Nigeria religiously Destroyed Nigeria judically. Destroyed Nigeria governmentally Destroyed Nigeria institutionally. Destroyed Nigerians reputationally... Every aspect of our nation is dead. I said it months ago, that nothing good will come out from this desecration of our nation. I say it again, loud and clear, Nothing good will come out with the evil rooted in the land. Tinubu is a cancer that must be taken if Nigeria is to be redeemed. It is not about appointment as even if tinubu appoints angels to work with him, Nothing good will come out. The people I pity are those who think this is about their tribe. If tinubu is not taken away, by decemeber many of them may commit suicide. Nigeria is at the tail point of destruction. The desecration, rottenness, criminality and evil legalized in power must be taken away. If not , forget about Nigeria. 21 Likes 3 Shares |
Re: This Naira Depreciation Is Serious by Zooposki(f): 3:47pm On Oct 25, 2023 |
When the wicked rule, the people perish. Na real wa o. 14 Likes 1 Share |
Re: This Naira Depreciation Is Serious by Auxtan(m): 3:49pm On Oct 25, 2023 |
Tntsi:This is time to seek solutions my man. Tinubu is already president and will probably be there till 2027/2031. What we should be looking at now is the solution to this mess. |
Re: This Naira Depreciation Is Serious by Nonny95: 3:50pm On Oct 25, 2023 |
The after effect of the naira crash is still coming. Soon, Christmas will reach, people will buy the remaining stocks. By January na the time the real inflation go start😂 6 Likes 2 Shares |
Re: This Naira Depreciation Is Serious by mariahAngel(f): 3:50pm On Oct 25, 2023 |
Just when we thought it could never get any worse. 7 Likes 2 Shares |
Re: This Naira Depreciation Is Serious by Auxtan(m): 3:50pm On Oct 25, 2023 |
Zooposki:This is very serious. My business is feeling it. I don't mind selling off all I have got to relocate at this point. But I am looking at countries I can relocate to Europe or America. Also I need to acquire a tech skill or hand skill first of which I rarely have time 4 Likes 1 Share |
Re: This Naira Depreciation Is Serious by Nonny95: 3:51pm On Oct 25, 2023 |
Auxtan: Which appointment did he give you? And why didn't you guys give Jonathan this solution other than voting him out? Hypocrite 6 Likes 1 Share |
Re: This Naira Depreciation Is Serious by hollandis(f): 3:51pm On Oct 25, 2023 |
Auxtan: You should find the solution to the mess your created I told you to not vote for him u said my mouth is smellinh 8 Likes 1 Share |
Re: This Naira Depreciation Is Serious by Tntsi: 3:52pm On Oct 25, 2023 |
Auxtan: You not ready to survive my man. If the supreme court fails, One month from this day you will pull your shirt and hit the street to lead the charge to hit aso rock. Mark this day. You don't love Nigeria like I do neither are you patriotic like I am. I am not really speaking for myself at least no matter how things are, I am okay where I am. But I have got a community and legions of people who are so badly affected. If I am ok and thousand and millions of people attached to me are not, then I am at a risk. 7 Likes |
Re: This Naira Depreciation Is Serious by Auxtan(m): 3:54pm On Oct 25, 2023 |
Nonny95:Bro I am a realist and totally not into politics neither am I from the benefiting tribes in Nigeria. I am just saying anyone who is serious about his/her wealth to make hay now that is still fresh. Naira will plunge many into poverty if we don't act now. |
Re: This Naira Depreciation Is Serious by Shikini: 3:54pm On Oct 25, 2023 |
Sad |
Re: This Naira Depreciation Is Serious by SensetionalGoal(m): 3:55pm On Oct 25, 2023 |
Auxtan: No bros no one should profer solution for thiefnibu let him face the consequences of his actions , if I have any solution I rather apply it to my self and family I'm done exchanging words with thiefnibu lackeys... 6 Likes 1 Share |
Re: This Naira Depreciation Is Serious by Auxtan(m): 3:55pm On Oct 25, 2023 |
Tntsi: Auxtan: |
Re: This Naira Depreciation Is Serious by Auxtan(m): 3:57pm On Oct 25, 2023 |
hollandis: Auxtan: |
Re: This Naira Depreciation Is Serious by hollandis(f): 3:58pm On Oct 25, 2023 |
Auxtan: Enjoy the mess you created. Tribalistic 4 Likes |
Re: This Naira Depreciation Is Serious by Tntsi: 3:58pm On Oct 25, 2023 |
Auxtan: This is not politics. I am telling you reality. Is it until you dead bodies littered on the street that you will understand ? 3 Likes |
Re: This Naira Depreciation Is Serious by Nonny95: 3:58pm On Oct 25, 2023 |
Auxtan: So what do you suggest Nigerians do? Enter into praying and fasting, hitting the streets in protest, suffering and smiling till 8 years or what? Even Tinubu that is supposed to be more worried is busy Appointing media aides than Economic experts. 2 Likes |
Re: This Naira Depreciation Is Serious by Auxtan(m): 4:01pm On Oct 25, 2023 |
Nonny95:I feel the only individual solution is relocating from this country. I have never fancied relocation given I don't want to be a foreigner in another man's land but mehn this hasn't gotten to no choice situation. 1 Like |
Re: This Naira Depreciation Is Serious by smileyoo: 4:02pm On Oct 25, 2023 |
lol. but to travel outside the country is not the best solution, because at some point in life one will fully appreciate this adage; home sweet home. no place like home. moreover the various countries we are basically running to, were built by the citizens who decided to confront their challenges of nationhood, but unfortunately Nigerians are running away from these challenges of nationhood. it's time the government of the day in Nigeria must genuinely fight against corruption and insecurities, make huge official corruption a capital offense , arrest those political elites that have stolen the nation blind and recover all their looting. let's make corruption and criminalities un-attractive ventures and watch Nigeria become a strong nation. 2 Likes |
Re: This Naira Depreciation Is Serious by Auxtan(m): 4:10pm On Oct 25, 2023 |
smileyoo:As much as I agree with you but I believe tribe and religion will continue to play a big part in this country. We will keep appointing the oppressors all because they are from same tribe or religion. Which is too bad for a country hoping to develop. 2 Likes |
Re: This Naira Depreciation Is Serious by Zooposki(f): 4:15pm On Oct 25, 2023 |
Auxtan: The best solution then is to divide or restructure along tribal and religious line. 5 Likes |
Re: This Naira Depreciation Is Serious by smileyoo: 4:32pm On Oct 25, 2023 |
Auxtan:you are right that tribalism and religious affiliations determine who wins the elections in Nigeria, but i can assure you that it wouldn't remain like that for long, because something must give way for something. what the oppressors don't realize is that too much suffering of the masses always end up uniting the masses against the oppressors, and Nigeria's case wouldn't be an isolated one. 3 Likes |
Re: This Naira Depreciation Is Serious by Xxxxtentacion2: 4:34pm On Oct 25, 2023 |
Auxtan:the solution is to remove tinubu simple... 4 Likes |
Re: This Naira Depreciation Is Serious by wittywriter: 4:37pm On Oct 25, 2023 |
Auxtan:Profer yours...the NLer made a valid post...i tell peeps that the only way is to key/get involved with an income generation means that pays in dollars and best way is via online. Xxxxtentacion2: Wittyness 1 Like |
Re: This Naira Depreciation Is Serious by CodeTemplar: 4:45pm On Oct 25, 2023 |
Tinubu is like past leaders. He is playing politics with sensitive issues but doest put all the blame on him. Relocation for OP is still a gamble. If only the country was secure enough, I would have suggested you change business into where over 60% of Nigerians spend their money, food, but the jungle is on full throttle and if you escape kidnappers, herdsmen, touts, robbers, pest, high way robbers, flooding, the police can still hold you to ransom and extort you. What a country! 1 Like |
Re: This Naira Depreciation Is Serious by SSFeedsNigeria: 4:47pm On Oct 25, 2023 |
Tntsi: Many of them will commit suicide and it will be good riddance to bad rubbish. As for me, I go no where but my happiness be say, before e go affect me badly, many of these ronu bastards will be dead already. 1 Like |
Re: This Naira Depreciation Is Serious by worksmart(m): 4:52pm On Oct 25, 2023 |
Indeed! I seems we have forgotten that there are democratic processes for impeaching / removing a president. 1 Like 1 Share |
Re: This Naira Depreciation Is Serious by Treadway: 5:38pm On Oct 25, 2023 |
Auxtan:I never thought the day would come when I would be seriously considering throwing in the towel and leaving too. With each passing day, it is looking more and more like it is what I must do if I don't want to sink with this ship. See a comment I made in a thread yesterday where I was telling a similar story to yours Treadway: 1 Like |
Re: This Naira Depreciation Is Serious by Houseofglam7(f): 6:58pm On Oct 25, 2023 |
🥺🥺🥺🥺 |
Re: This Naira Depreciation Is Serious by PARADIZEPRIEST: 8:30pm On Oct 25, 2023 |
Naira is not depreciating.Depreciation is artificial handwork of sabotuers of previous regimes hiding billions of dollars they stole |
Re: This Naira Depreciation Is Serious by Tallesty1(m): 9:19pm On Oct 25, 2023 |
mariahAngel:I sincerely didn't know that anybody could be worse than Buhari. I thought the position he left us in was the lowest things could go since we were rock bottom. I didn't know that Tinubu has dug a hole to push us into 3 Likes |
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