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Nairaland Forum / Nairaland / General / Politics / Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued (19074 Views)
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Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by tp2philike(m): 2:18pm On Jan 30 |
Buhari was busy subsidizing the naira to the benefit of his Fulani brothers that milked the CBN. We are seeing the actual value of the naira against international currencies no thanks to bad leaders. Tinubu should have encouraged local producers before floating the naira. |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by boxypane(m): 2:18pm On Jan 30 |
The only thing Buhari forsaw was the end of his tenure, that man is a jack of no trade and master of none. |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by qtx(m): 2:18pm On Jan 30 |
PassingShot:Do you know why you are bringing Buhrai's interview and Nigerians will even view it? because BAT my boi is doing worse than he(Buhari) did. If BAT my boi was doing better, people would get angry when you talk about buhari. And don't come here and think you will paint Buhari as a genius. The fall of Nigeria started with him. BAT, my boi, is only here to complete what Buhari started. They are birds of identical plumage congregating in the same political domain and leadership. If you need to quote me, then think twice. 3 Likes 1 Share |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by ivandrag0n: 2:19pm On Jan 30 |
PassingShot: Stop exposing crass ignorance with posts of this nature. Do you think nations just peg their currencies off the cuff? Aren’t you aware that they peg their currencies and then use their reserves to defend it? President Buhari meant well but his government borrowed so much that Nigeria would have become bankrupt with two more years of his in power. He was just a good-hearted President who meant well but knew next to nothing about the key economic impacts of that policy. |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by Itzlinda(f): 2:19pm On Jan 30 |
PassingShot: You don't know economic. |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by Angelfrost(m): 2:19pm On Jan 30 |
rayopt: You have said everything on my mind...! That's why I don't for once believe most of these people fighting to become President have the slightest clue how to make this nation better. They just want to mark attendance in Aso Rock. Case in point, the 'French' man currently there. 1 Like |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by happney65: 2:21pm On Jan 30 |
" Your salaries will not be paid in dollars" so says a so called presidential candidate We ain't seen nothing yet This is the Beginning! |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by Greenback: 2:24pm On Jan 30 |
Emusan:That's omenka for you..he's hates Jonathan with passion and can never see anything wrong whatsoever with buhari |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by solmusdesigns: 2:26pm On Jan 30 |
Devil1Messenger: Unintelligent analogy... I shop daily . What changed |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by Ibrahimcoomasie: 2:26pm On Jan 30 |
PassingShot: It wasn't sustainable padding the naira i.e subsidizing it so that rich people can get us dollars for cheap. On Arise News TV today 👇 Ibrahimcoomasie: 1 Like |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by solmusdesigns: 2:27pm On Jan 30 |
dettolgel: They get forex from CBN using proforma invoice |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by Lovit(m): 2:33pm On Jan 30 |
Anything APC touches is destroyed, Buhari and Tinubu are both useless By the time Tinubu is done, Naira will be shaking hands with N5,000 to a dollar |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by Greenback: 2:34pm On Jan 30 |
Error401:You are so easily deceived. The op only based his calculations on the performance of Tinubu so far. If he was sincere,why didn't he base it on the performance of his predecessors? |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by Anatolia: 2:34pm On Jan 30 |
solmusdesigns: When people have this kind of mentality, it is not a surprise that the country is drowning. You prefer to sabotage the economy affecting more than a 100 million people for personal gain, 1 Like |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by solmusdesigns: 2:35pm On Jan 30 |
Anatolia: Your own assumption as a typical Blackman I know you like your rice and cheap food |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by SisterAnn(f): 2:35pm On Jan 30 |
solmusdesigns:Heads or tails, you can never win. A car that was sold for 2m when dollar was 300 now sells for 7m. |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by solmusdesigns: 2:37pm On Jan 30 |
SisterAnn: Go through Cuba economic policy and North Korea You can produce cars locally, maintenance is key and grow |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by SisterAnn(f): 2:38pm On Jan 30 |
PassingShot:Probably the proverbial bad clock that's correct twice a day. Buhari is the worst thing to happen to Nigeria in all it's spheres of existence. |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by yewit37486: 2:38pm On Jan 30 |
This one has resurrected his old account to resume political "work". LOL. |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by SisterAnn(f): 2:39pm On Jan 30 |
solmusdesigns:Let's be able to grow what we eat sufficiently and affordably before talking about producing cars. |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by Moniya4Real(m): 2:41pm On Jan 30 |
I thin the fact is- they all perform woefully but at different levels. Take it back to former years and check out how much dollar was back then. Even Abacha would be a saint compared to the latter crop of leaders Emusan: |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by solmusdesigns: 2:43pm On Jan 30 |
SisterAnn: No control is self sufficient, that's an illusion.. we need international trade Nigeria can't compete with Thailand producing rice Thailand can't compete with Nigeria in Palm oil or casava starch |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by Greenback: 2:43pm On Jan 30 |
qtx: I thought I was the only one. Btw,op is the omenka guy, a diehard buharist and hater of GEJ. 1 Like |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by 12345baba(m): 2:45pm On Jan 30 |
Buhari saw nothing |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by greatman247(m): 2:55pm On Jan 30 |
LibertyRep: Tinubu is most dullard and clueless president Nigeria ever had. Even buhari that we all thought was a fool is wiser than Tinubu. Tinubu is an overhype polical player. He and his supporters are ITK. (I too know). Funny enough his supporters always think he knows it all but in the real sense he knows nothing. Before and during election he started screaming EMILOKAN without preparing for the task ahead. He thinks to rule Nigeria na child's play. He viewed Nigeria as same as Lagos. Now reality have set in. To all idiots that still believe in him and waiting for him to turn things around.... You will wait till eternity. Cos this man is confused and complete dullard and clueless. He went to school but not by school. He is a known criminal and surrounded himself with bunch of thieves that does not have the genuine Interest of Nigeria at heart. He appoints people due to reward loyal friends and not competent thereby his government will surely suffer for it. Go through all my writes up from way back, you will realize I stopped supporting him even before elections cos I knew he can't deliver but while I was talking people criticize me a lot now look at where we are now. Nigeria must suffer for bringing this idiot as president. As long Tinubu and APC are in power Nigeria can never move forward because the foundation of APC is based on lies. They run govt of scam, govt of we will do it. LoL. |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by Professor822714: 2:55pm On Jan 30 |
Yeah right! And he also foresaw the massive looting and corruption he allowed under his hopeless administration! |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by femi4: 2:58pm On Jan 30 |
PassingShot:They all failed....they just have different ratings There is no difference between 1% and 5% |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by sulaak(m): 3:02pm On Jan 30 |
Emusan: The reason why Nigeria's currency is in freefall is due to the low productivity of the country. GEJ should have listened to his senior ministers and removed oil subsidies in 2012. Fix the refineries and build new refineries. He should also sort out the insecurity in the Niger-Delta Buhari should have removed oil subsidies in 2016 and sorted out the insecurity that has hindered the country's productivity. The currency had to be floated. The country had less than $3.7 billion in reserve, an external debt of $51 billion, and a very low export of under 700,000; how can you support a currency with no resources The Buhari government was a disaster.
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Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by Bolingua1: 3:02pm On Jan 30 |
Emusan:Your calculations isn't correct, you can't use percentage increase. Use inflationary increase, then you would know how destructive Tinubu has been on Nigeria economy.. Anything above #1500 to a Dollars, Nigeria can't survive it..You would soon see what would happen lm |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by SisterAnn(f): 3:03pm On Jan 30 |
solmusdesigns:True. |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by Tochi360: 3:05pm On Jan 30 |
rayopt: In politics, between the ideological standing of a person and the political structure they stand with, which should We place priority to? As a political party the only ideology the evil Apc structure of suffering and insecurity have is to grab power from pdp and keep it at all cost, nothing more,nothing less. This men only gathered to pull down pdp,no plans to sort out the problems of Nigeria anywhere. Imagine featuring same bubu we all know to fix the economic problems of Nigeria Is that not a joke,now they have brought bubu"s pro max to finish off the economy. 1 Like |
Re: Buhari Foresaw What Would Happen To The Naira And The Economy If He Devalued by Emusan(m): 3:10pm On Jan 30 |
Moniya4Real: That's not true. How to know, if Buhari should maintain the increment with just 50% of what GEJ left, dollar will be around 300 to naira when he left. So previous governments maintained just two digits increment only Buhari took it to three digits. Whatever the previous governments did to maintain 2digits means they did well than Buhari. 1 Like |
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