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Nairaland Forum / Nairaland / General / Politics / I’ll Make Naira Equal In Value To Dollar, Says Buhari (83930 Views)
Buhari Never Promised APC To Make Naira Equal To Dollar – APC / I’ll Make Naira Equal In Value To Dollar, Says Buhari / I’ll Make Naira Equal In Value To Dollar, Says Buhari (2) (3) (4)
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Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by onatisi(m): 11:32pm On Mar 23, 2015 |
Sibrah:his comment and post makes more valuable sense than yours. There is none in urs . 1 Like |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by Timoleon(m): 11:33pm On Mar 23, 2015 |
powersunny: this way you'll undastand why nigeria us d way it is, a lot of people who are lettered yet illiterates, who have certificates yet cant pass down valuable knowledge. our leaders understand what majority of nigerians are-gullible. if not,a reasonable person ought first to look for d quoted statement, check for d context on which such is based if it exists or not evaluate for its plausibility b4 jumping to conclusions. however i see people who are on thus thread cos of the title, people who wasted money going to skul criticising buhari for astatement he didnt make. weep for your country or pretend they dont exist. 2 Likes |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by Nobody: 11:36pm On Mar 23, 2015 |
Pa Buhari is on it again . This time around he said.................. I’ll make Naira equal in value to dollar, says Pa Buhari . ..................................................... Recall according to him Pa Buhari he has 150 cows that refused to increase or reduce in numbers for decades. No wonder he has to go borrowing from his friend that works in bank before he could pay for his presidential ticket. One begins to wonder what exactly this man Pa Buhari means by making naira equal in value to dollar. This man that couldn't pass any exams during his days in the military is really making mockery of the whole issue. Honestly, me i don tire for this mans intiboribo 2 Likes |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by Nobody: 11:37pm On Mar 23, 2015 |
ibietela2:Possibly. The withdrawals could be in N50 or N100 notes sef. In the US, the ATMs dispense cash in $20 notes, and the highest denomination is the $100 note. |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by Myself2(m): 11:37pm On Mar 23, 2015 |
PapaBrowne: Well done sir!!! 1 Like 1 Share |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by fidzy(m): 11:37pm On Mar 23, 2015 |
If u ask me this is the clueless one...if he says all this promises, why miss debate? He shld hv come tell us how he is gonna achieve them. Nigerians....be wise please |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by ellechrystal(f): 11:37pm On Mar 23, 2015 |
shadowgwalker:I bliv u 2 Likes |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by mimijj(f): 11:39pm On Mar 23, 2015 |
Dis the most controversial election ever...abeg don't mind GMB its election fever. Sebi they will give free launch to all primary school pupils. March28 wld be hot |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by lastpage: 11:40pm On Mar 23, 2015 |
29 REASONS WHY YOU MUST NOT VOTE FOR JONATHAN 1. The almost 280 Chibok Girls - He initially said they were no tmissing! Still not found till date 2. NNPC Scam - $21 billion was looted! Enough to erase poverty in Nigeria 3. Police pension fund - Looted, no one was prosecuted 4. Missing 20Billion 5. $9million Arms deal - CAN President and militants now buy Arms for the Nigerian Armed Forces? 6. Bomb Blasts - Never has Nigeria had it so badly under a clueless President 7. Immigration job scam - Abba Moro the thief is still Jonathan's Minister to date! 8. Petroleum pump price - Teh Subsidy scam is still ongoing till date 9. Devaluation of Naira - Under Jonathan, our Naira is so worthless...compared to used Tissue paper! 10. Oil theft - Bunkering has now been elevated to a "regional occupation" 11. Perpetual Power outage - He said if does not solve this in 4yrs, he cant solve it in 100yrs and he should not be re-lelcted. Now that he has failed, we must hold him to his words 12. Selling of NEPA to cronies and no results. - They just make money without any supply! 13. Selling of Refineries - So that they can do round-tripping for more subsidy! 14. Skyrocketed NEPA Bills - What you get is Bills... No Light! Why Jonathan? 15. ASUU & Poly Strike - No one trusts Jonathan. No one trusts a liar! 16. Doctors Strike - He is not bothered, his own children are abroad and off to Germany he goes when sick! 17. National Assembly tragedy: Jonathan has reduced the National assembly to rubber-stamp. David Mark is his henchman there 19. Stella Oduah Aviation Scam: You can call her "Stealler" Oduah. 20. Kerosene subsidy; Same as Petrol. 21. Insurgency. - The weakest President Nigeria ever produced. He ceded our territory to Boko haram! 22. Pardon granted to treasury looters - Alams, Kasamu and the rest of his thieves 22. Asked to declare assets... Response ..'I dont give a damn'! 23. Asked questions on Economy.. Response.. 'I am not in charge' 24. Refusal to meet Chibok girls parents until a small girl forced him 25. Foreign reserve depleted to zero: Nigeria would be poorer than when we took the IMF, with what Jonathan has done to our Foreign reserve! 26. Nigeria debt paid by Obasanjo. Now Nigeria is back into debt! and naira is worthless too. 27. Not a single criminal in govt has been apprehended or prosecuted. That is not stealing! 28. Quote of the year: Stealing is not Corruption! (That from a PhD holder Pres. GEJ) 29. Commander in Chief of Armed Force who couldn't visit Borno, Yobe and Adamawa to commiserate wt d people but goes there to campaign! 21. Last minute fighting of Insurgency 22. Sentencing soldiers to death for asking for weapons to fight 23. Directly supporting and paying 10million USD as salary to terorist Asari and Terrorist Tompolo amongst others 24. Palling around with boko haram chieftains in Niger and Dafty's inability to capture, extract information and bring to justice a singe captured boko haram fighter up till today 25. Mrs Dafty's personal terrorist bombing campaigns in Rivers state (Stoning the opposition) 26. Dafty's work for the benefits of enemies of Nigeria - Handpicking Abacha's son as PDP candidate for Kano, stoppng FaniKayode,treasury looting case and appointing him in his campaign, supporter of Anenih, IBB, and other treasury looters who should be in jail 27. Conversion of MOPOL to Meiguard of the rich while the poor wallow in abject insecurity; and using regular police, eg. Mbu, as political thugs! 28. Postponing elections by refusing to provide security when in fact, elections will last for only one day, and the entire armed forces and police in Nigeria could have been deployed to secure just that 10hrs of the election day. 29. Sending troops to look for Sambisa forest in Tinubu's Ikoyi house 30. Giving AIT 10billion to air false and negative videos on APC. 31. REJECTION OF THE CARD READER. 32. CONFIRMATION OF [ Obanikoro ]THE ELECTION RIGGER as a MINISTER 33. FAILURE TO PUBLICLY DECLARE his ASSETS saying "I don't give a damn" 34. BURNING OF INEC OFFICE. 35. SPONSORING of ethnic MILITIAS TO STOP POLLS (e.g. MASSOB, OPC) 36. EMBARASSING PHONE CALL to the Moroccan KING... 37. Babysitting Boko Haram until it became the global threat it now is with Mistakes are allowed, we are humans. Jonathan's election was a mistake. Repeating the same mistake again is unpardonable. Our Children dont deserve that from us! Vote for Change! Vote for Buhari/Osinbajo! We must repair this Nigeria Now. Lastpage! 4 Likes |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by Nobody: 11:40pm On Mar 23, 2015 |
Princecalm: seriously population increase cause inflation... inflation is when too much money chases too few goods. when supply don't reach demand...like the one buhari causedp during his rogue military dictatorship. when he reduced import license thereby reducing supply..he made overnight millionaires.. this is a perfect example.. The magic of translating a few pounds in 1970 into today’s multi-billion corporate empire is the secret of what defines Cletus Ibeto as one of Nigeria’s Corporate Caesars. In the narrative of his life’s odyssey, Ibeto seems to have crossed a decisive rubicon in business when he profited from a policy change during President Shehu Shagari regime. Under the liberal regime of President Shehu Shagari, goods could be imported without import license. But as Nigeria’s external reserve dwindled the government introduced import license. While other importers stalled at the fence, monitoring the state of things, Ibeto moved to secure N3m import license at a time a dollar sold for 68 kobo. He sub- sequently imported 65 containers of vital motor spare parts. By the time other im- porters went for import license, the gov- ernment has tightened the screw and it was virtually impossible to get import license. To worsen matters, Shagari’s government was toppled and the borders were closed, but by then, while nobody could import anything, Ibeto’s containers were already in the Nigerian ports. Ibeto became a virtual monopolist for motor spare parts. “That was the turning point for me,” he declared. “Come and see the line-up of people who wanted the spare parts. I was packing money with cartons. There was no armed robbery then, no kid- napping. ..It was a seller’s market. And the mark up was almost 500% but people were buying! In fact, within two days of the ar- rival of the containers, I made four million pounds!” http://sunnewsonline.com/new/?p=75322 |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by Sibrah: 11:41pm On Mar 23, 2015 |
onatisi:u r an irredeemable blinded dude . . . Get lost please. |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by Thugnificent(m): 11:42pm On Mar 23, 2015 |
I've read the speech like five times and I'm still yet to see where he made such statement or is it not the same post I'm reading |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by Nobody: 11:43pm On Mar 23, 2015 |
This is the highest political lie of the moment, Buhari thinks that exchange rate depends on executive fiat, this shows how much of elementary economics he understands. This reminds me of the then Barkin Zuwo when he was asked to name the minerals in the North, and he said they got coke ca cola. Fanta etc Voter beware 1 Like |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by gbemi12(m): 11:43pm On Mar 23, 2015 |
Ok. So let us assume that such an event happens overnight without a drastic change in productivity or a massive drop in real wages. An average Nigerian Banker makes around #150,000 per month. Skills wise, this guy might be comparable to a guy making $3000 in the US So 1 USD suddenly becomes #1 and this banker's productivity and salary stays the same but his salary becomes equal to $150,000. Before he is happy with his paycheck and go on to buy the latest car in town, a few things change. Why would the bank pay him $150,000 when they can get someone for $3000 in the US? Of course they would not. So, every Nigerian –Bankers, engineers, teachers, accountants e.t.c - would be fired from their jobs and jobs would move out of the country as workforce is cheaper outside Nigeria. Where you cannot move the job outside the country (such as cleaning), companies would find tech. An awesome robotic vacuum cleaner worth $1000 would be used rather than the $30,000 per-month for human cleaner. As people get removed from the jobs, plenty of other jobs that rely on them (restaurants, cafes, retail shops, tourism, airlines...)....all vanish. As people get fired, they will be ready to work for lower and lower salaries, until their salary drops below the international level of say $1,600. Since 1 USD = 1#, that would make great bankers make #1,600 per-month. How would they pay their outstanding loans and other financial obligations like instalment on cars for example. They cannot and they would default. The banks would have huge unpaid loans and they will go bankrupt. Investors would exit and government would have print a lot of money to keep the banks alive. That would spike up the inflation and push down the naira so much that the rate might become #900 = 1 USD. At that point, the wage in Nigeria will be so low that jobs will move back again and the cycle would continue. So in summary, it will just be a Nightmare and if anyone has said he’s gonna make that happen, I don’t know what the person was thinking. 4 Likes 1 Share |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by onatisi(m): 11:44pm On Mar 23, 2015 |
Sibrah:typical buhari mentality. Smh |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by Ozigbondu(m): 11:44pm On Mar 23, 2015 |
A wise nairalander once said if you want buhari to destroy himmself just give him a microphone.First it was stablizing oil prices with army navy and airforce then his wife baptized edo as the capital of international prostuitues now it is one naira to one dollar 1 Like
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Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by Anuoluwap(m): 11:45pm On Mar 23, 2015 |
Just tell grandpa to take it easy. He can only achieve this if only he's not a politician. |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by tyrone07(m): 11:46pm On Mar 23, 2015 |
This has to go down as one of the dumbest statements ever!!!!! It smacks of ignorance of simple Economics but why am I not surprised?? |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by lastpage: 11:46pm On Mar 23, 2015 |
mimijj: And you think the bolded is IMPOSSIBLE, right? Its a pity, if you know what the "increase" in Legislooters salary can do for Nigeria, What the money used to BRIBE Obas and Pastors in the last 5weeks can do, ......what money stolen from our nation via round-tripping subsidy SCAM, can do.... ..If only you realize How much can be saved, if we decide to plug just 80% of all "leakages and looted funds" in this country, you will not wonder why "White people" always marvel at our stewpidity.... because we run to them yet they dont have a tenth of what we have! It can be done without any stress at all. Is it necessary is another question though. Lastpage! |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by youngwolf(m): 11:46pm On Mar 23, 2015 |
Missy89: please help me o. i have read it over n over again. The topic does not relate to the content. Where in the report was the strange quote from GMB? 1 Like |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by horlakunle25(m): 11:47pm On Mar 23, 2015 |
PapaBrowne:hmmmm!!! Bros u swallow book I swear!!! Nice1! |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by jimmayoy: 11:47pm On Mar 23, 2015 |
lastpage: Why are you contradicting urself?BUHARI is on point,take it to anywhere i ll meet you there,telling us that a country like ours that imports virtually everything still needs a weak currency,guy try harder,japan can afford that,china can afford that,a weaker currency is to their advantage,Nigeria of today needs a very strong currency.our leaders devalue our currency cuz imf gives them this condition whenever they run to borrow,not because of any economic plan or advantage.our present Government is a sell out,they don't care about us. Baba is on point. |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by light004: 11:48pm On Mar 23, 2015 |
Princecalm:Please stop displaying your ignorance. It's so unfortunate that Nigeria even consider buhari an option. Please try n follow the economic analysis of well enlighten people. Olodo |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by prettyboi1(m): 11:48pm On Mar 23, 2015 |
I read that article about 3 times over and over and I did not see anywhere in that post where Buhari said he would make the Naira equal to the dollar. 1 Like 1 Share |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by Mistermamus(m): 11:49pm On Mar 23, 2015 |
Abeg diz old man shuld stfu! |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by Acidosis(m): 11:50pm On Mar 23, 2015 |
Go school you no gree 2 Likes 1 Share |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by Filmewell(f): 11:51pm On Mar 23, 2015 |
CFCfan:i was seriously reading comments until urs that got me laughing. |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by refreshrate: 11:53pm On Mar 23, 2015 |
Filmewell: sha dont fall from the chair or pee on yourself from laughter. You never start |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by TheGoodJoe(m): 11:54pm On Mar 23, 2015 |
manny4life: The Central Bank Governor, Charles Chukwuma Soludo, recently unveiled a plan to revert the naira to its pre-1986 value. Prof. Soludo said among other thing that #20 will become the country's highest denomination against #1000 which is currently the highest. Doing this will put the naira at about #1.25 to American (U.S) dollar and invariably transform the naira into a world class currency, and become West African's common currency by 2009. http://www.nigeriavillagesquare.com/articles/hakeem-babalola/redenomination-or-redomination-give-soludo-a-chance.html |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by Timoleon(m): 11:54pm On Mar 23, 2015 |
DECOtech: personaly i think yous secondary school owes you some money. you think theres a mistake when they use quotation marks on some section of d article? when you write a report, all statements made by persons come in quotes, vanguard didnt quote that, u think it was a mistake? and they quoted the statement about a weak naira being bad for the country? please believe what you want, you av a mind of your own and especially owe me nothing in form of explanation.....sorry about d secodary skul talk too. gudnyt. |
Re: I’ll Make Naira Equal In Value To Dollar, Says Buhari by Emy4u(m): 11:56pm On Mar 23, 2015 |
Someone with no school Cert...how can he know what GDP is all about? let he keep on saying rubbish. fallout87: |
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