People are taking advantage of Nigerians even when local goods and services have nothing to do with dollar or euro.

Dollar is not Nigerian currency. Nigeria still has the cheapest food in Africa and labor is still relatively cheap. Why are importers asking Central Bank for dollars when most raw materials are abundant in Africa, if not for laundering?

So why are you increasing the cost of local food based on the rate of dollar to naira if not for share greed and avarice?

There is no doubt that minimum wage should be increased but the loudest cry are coming from professionals who think they are entitled to the same salaries as professionals abroad.

Until Nigerians understand that importers and their preference for exotic tastes is their enemies, this Country that relies on past management of the economy when restrictions on imports and currencies were what made Naira strong:

Will never get off its behind.

Another mumu-agbadorian.
.

Let me educate u a bit.

Look around u and first ask yourself why should we import.

The marker in ur children schools are imported no company is producing it here,same with whiteboard.

Can Nigeria produce cornbeaf,even eraser to clean books na wahala.

The most annoying part,we can't even package sardine...rather we left our seafront for foreign Chinese vessels (to encroach )and clean up all our sardines in all the seas around the Atlantic oceans bordering us.

Window blinds we can't produce yet u need all this for home decorations. They are things we could produce if we have a good government.

Roofing materials are foreign including Cameroon zinc.

U need this foreign goods whether u like it not until u guys start moving from consumption to production just like Peter Obi kept saying it during the last elections.

laiperi:
People are taking advantage of Nigerians even when local goods and services have nothing to do with dollar or euro.

Dollar is not Nigerian currency. Nigeria still has the cheapest food in Africa and labor is still relatively cheap. Why are importers asking Central Bank for dollars when most raw materials are abundant in Africa, if not for laundering?

So why are you increasing the cost of local food based on the rate of dollar to naira if not for share greed and avarice?

There is no doubt that minimum wage should be increased but the loudest cry are coming from professionals who think they are entitled to the same salaries as professionals abroad.

Until Nigerians understand that importers and their preference for exotic tastes is their enemies, this Country that relies on past management of the economy when restrictions on imports and currencies were what made Naira strong:

Will never get off its behind.

Is this all you have to offer for the job you were recruited for?

laiperi:
People are taking advantage of Nigerians even when local goods and services have nothing to do with dollar or euro.

Dollar is not Nigerian currency. Nigeria still has the cheapest food in Africa and labor is still relatively cheap. Why are importers asking Central Bank for dollars when most raw materials are abundant in Africa, if not for laundering?

So why are you increasing the cost of local food based on the rate of dollar to naira if not for share greed and avarice?

There is no doubt that minimum wage should be increased but the loudest cry are coming from professionals who think they are entitled to the same salaries as professionals abroad.

Until Nigerians understand that importers and their preference for exotic tastes is their enemies, this Country that relies on past management of the economy when restrictions on imports and currencies were what made Naira strong:

Will never get off its behind.

You must be an agbero, cos your reasoning is greatly warped..!!

Simple answer
Money is supposed to be a STORE OF VALUE
You use it to save your wealth
This requires stability and confidence
At this time people lack confidence in the Naira and trust the dollar to retain the value of their wealth.
However I do not blame the government
This is a problem we have been avoiding and the day of reckoning has come
A currency only has value if other nations demand it
That will happen if Nigerians produce stuff others need
You cannot continue eating Thailand Rice for free

Let us look ourselves honestly in the face

We are not productive and identified
We think because we have wasted 4 years in one stupid university the world owes us.
Well bad news we need to get our hands dirty and make something somebody outside Nigeria is ready to pay for otherwise your Naira is worth NOTHING

The phone you are using was produced in your village?

Diesel that companies use is produced in your village?


People like you have never ran any production business should hush.

That you don't know that cost of doing business have been increasing is pathetic.

This one mvmu pass tinubu and Cardoso AKA cardi B

I'm outta here

petrol is bought with dollar all electronic devices are bought with dollar the medicine you take is bought with dollar all cars spare parts are bought with dollar even the plane that the idiot is flying dollar is used for its maintenance all importance health care equipments are bought with dollar so my brother try not to support evil government

Gajagojo:
Simple answer
Money is supposed to be a STORE OF VALUE
You use it to save your wealth
This requires stability and confidence
At this time people lack confidence in the Naira and trust the dollar to retain the value of their wealth.
However I do not blame the government
This is a problem we have been avoiding and the day of reckoning has come
A currency only has value if other nations demand it
That will happen if Nigerians produce stuff others need
You cannot continue eating Thailand Rice for free

Let us look ourselves honestly in the face

We are not productive and identified
We think because we have wasted 4 years in one stupid university the world owes us.
Well bad news we need to get our hands dirty and make something somebody outside Nigeria is ready to pay for otherwise your Naira is worth NOTHING

Libya has been fighting war for yrs now how come they keep retaining value for their currency, what are they exporting apart from crude oil?

Even Niger republic here has a more stable currency than ours, what are they producing?

manutdrichie:


Libya has been fighting war for yrs now how come they keep retaining value for their currency, what are they exporting apart from crude oil?

Even Niger republic here has a more stable currency than ours, what are they producing?

Your questions are interesting but not factual relevant or logical
Niger does not have a currency. It is part of a currency block controlled by France.
What has fighting war got to do with anything
Nigeria has fought a civil war too for 30 months. So what?
Libya has a population under 7 million and oil production over one million barrels a day.
So oil production per capita is THIRTY TIMES THAT OF NIGERiA
Libya has FOREIGN RESERVES IN EXCESS OF $80 BILLION. For a population of less than 7 million
Inform yourself before you talk

Gajagojo:


Your questions are interesting but not factual relevant or logical
Niger does not have a currency. It is part of a currency block controlled by France.
What has fighting war got to do with anything
Nigeria has fought a civil war too for 30 months. So what?
Libya has a population under 7 million and oil production over one million barrels a day.
So oil production per capita is THIRTY TIMES THAT OF NIGERiA
Libya has FOREIGN RESERVES IN EXCESS OF $80 BILLION. For a population of less than 7 million
Inform yourself before you talk

Depleted foreign reserve due to corruption thats the problem, stop saying we are not producing anything

The PDP administration was always mindful about our reserve, they will always update Nigerians on monthly basis, but these guys in power now are reckless terrible thieves

The person that sells yam that is home grown needs to buy shoes that may be imported or the materials used in making the shoes are imported.

When he gets to the market to buy a new shoe he realizes the price is higher than what it was last time. The only way he can afford to buy the shoe or other things that he needs that are imported is by adding some amount to the yams he sells to break even.

It’s called ripple effect.

Any African reading your comment should cry. Your problems and reasons for imports are:

Chalk
Markers
Whiteboards
Eraser
Corn beef
Sardines
Window blinds
Roofing materials
Zinc from Cameron

Any African with your retarded mentality must sink or swim. A disgrace to humanity.

No wonder you were walking naked until recently.

Nice2023:
U are smart in the area of economics.

Let me educate u a bit.

Look around u and first ask yourself why should we import.

The marker in ur children schools are imported no company is producing it here,same with whiteboard.

Can Nigeria produce cornbeaf,even eraser to clean books na wahala.

The most annoying part,we can't even package sardine...rather we left our seafront for foreign Chinese vessels (to encroach )and clean up all our sardines in all the seas around the Atlantic oceans bordering us.

Window blinds we can't produce yet u need all this for home decorations. They are things we could produce if we have a good government.

Roofing materials are foreign including Cameroon zinc.

U need this foreign goods whether u like it not until u guys start moving from consumption to production just like Peter Obi kept saying it during the last elections.

A thread for secondary junior students.