As u can c even when the price of oil was up our reserve was still depleted.... We are hopelessly corrupt asin we can't do without it

crocodile politicians

The CBN should allow the Naira to float to its true level. The true level should be at about N220 to N250. It is only when we start working on our fundamentals that we will get it right.

A weak currency is not always bad; but if a country is a net importer then that will be a disaster.

Mhhhhh! Y is moni n in circulatn?

hmmmmm I love this fresh air

Oh man, s#it just got real....

ti the Idiots above me.
why did ur leaders not diversify our economy.
we are still dependant on Oil and will be for a very long time.

Its getting interesting by the day

These are at best fabrication of the APC. Only NOI polls can tell us the true state of affairs. The opposition are just trying to smear the image of the president knowing that the economy has never fared better in the history of this nation!!

What baffles me is that Nigeria is not even the only country which relies solely on oil to run her business. Most of the Gulf countries rely absolutely on their earnings from oil to run their economies yet hell is not let loose whenever there is a drop in oil price. Just take a look at UAE, Saudi Arabia, Qatar and many others depending on oil to survive. They have not devalued their currency while they continue running their affairs as if nothing has happened.

The real difference between us and those countries lies in the fact that they have very robust reserves running into trillion of dollars to call upon to cushion effects of such drop in oil price. They have long known that the oil price could come crashing and they have prepared for days like these. But we on the other hand have been wasteful and senseless in handling our own earnings from that same oil.

What this nation has earned in oyel in the last two decades may even surpass what UAE and Qatar have earned in the same period. But take a look at their countries and see how far they've developed them compared to us.

May God punish all past and present leaders who have taken it as a duty to pauperize the Nigerian common man.

Good News... Time to hustle harder...

Dose this really look like changes

Codedrock:
Wow... Me currently dancing and jumping..

My adsense earnings go double!

sure he go double, bt remember cost of goods will go times 3.......

THIS MEANS INFLATION!!!!!

omenka:
These are at best fabrication of the APC. Only NOI polls can tell us the true state of affairs. The opposition are just trying to smear the image of the president knowing that the economy has never fared better in the history of this nation!!

This must be sarcasm I believe.

abbeyoye2001:
Congrats GEj! We love u die. Waiting for wen dollar will be 350 after the election

BY THEN WILL WONT BE ABLE TO BUY ANYTHING IN THE MARKET

[img][/img] ;Dcant believe I made fp ...thank God for dec, swung,mods .am so ;Dcant believe I made fp ...thank God for dec, swung,mods .
sooo happy and 4 Nigeria #Godiswatching

celeron40:
GEJ is working...

WHICH STUPID WORK HIM DEY DO? SMH

ok

omenka:
These are at best fabrication of the APC. Only NOI polls can tell us the true state of affairs. The opposition are just trying to smear the image of the president knowing that the economy has never fared better in the history of this nation!!

If not because I don't wanna sound rude. I should have call you a fool. Some people can be so idiolata

sandraokosun:
when you have a drunk shoeless jonothing ebola thats what you get. He would be jailed by #GMB in 2015

It seems the sole objective of this government is to exacerbate the already impoverished condition of the common man. They continously keep churning out "test book perfect" policies that are pragmatically non viable and are even counter-productive in most cases.

The devaluation of the Naira is just a way to make the masses pay for the ineptitude of the ruling class in managing the revenue accrued when we were experiencing the oil boom with soaring oil prices.

amaechionuh:
I was charged 180 this morning for online payment.

On amazon the exhange rate has been a dollar to 185 since last week. Really depressing...

I siddon dy laff

When the head is rotten? What next?

delman88:


WHICH STUPID WORK HIM DEY DO? SMH

Relax..I was being sarcastic.

pseudonomer:


If not because I don't wanna sound rude. I should have call you a fool. Some people can be so idiolata

Seconded! Some folks were born with deformity of the brain

haha....bomb blast again in maduguri

Bomb Blast at Maiduguri Monday Market

>>>http://www..com/bomb-blast-at-maiduguri-monday-market/

Just my little observation:

iphone6 Last two weeks at the mall: NGN145,000.

iphone6 Today at the mall: NGN160,000.

Couldn't afford it either way sha, but as you can see, prices are going up. Even techno might be affected, damn!

I'm so Happy o...
I've never felt happier...
now we would remove all our eyes and noses from oil and develop the so many resources lying in waste.

Nihilist:
Now this news will definitely affect the price of Garri in the market.

The Igwe must hear this

www.nairaland.com/attachments/1594746_10352274_1533952146825886_2576240504666359700_n_jpeg_jpeg95a1a7273e673390a6667176793978d7

Nihilist, you're so right

Thank God Nigeria is finally sinking as I have always wished and hoped for! Gush I hate this godawful country.

NIGERIA I REMAINS TILL DEARTH DO US PART....LOL