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Nairaland Forum / Nairaland / General / Business / Naira Weakens Against Dollar 357/ 1$ (14973 Views)
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Re: Naira Weakens Against Dollar 357/ 1$ by Nobody: 1:33pm On Jun 07, 2016 |
GodwinBash: So....what should we be doing differently, chief economist.? Nigeria needs to get off oil....that is my solution. |
Re: Naira Weakens Against Dollar 357/ 1$ by doyinisaac(m): 1:33pm On Jun 07, 2016 |
Flets:The question is will you and people wait for the next 2years without nagging?? |
Re: Naira Weakens Against Dollar 357/ 1$ by Flets: 1:39pm On Jun 07, 2016 |
Jayceo:Way out is true federalism |
Re: Naira Weakens Against Dollar 357/ 1$ by Decryptor(m): 1:42pm On Jun 07, 2016 |
Pavore9: And tell me what it is you can export out of Nigeria which is viable in the International market without Customs still swooping on it and asking for their egunje? 1 Like |
Re: Naira Weakens Against Dollar 357/ 1$ by cckris: 1:54pm On Jun 07, 2016 |
Quakertellicus1:774 LGA were created to share oil money, not to work, or, produce anything, otherwise they would've been producing. It's payback time. 1 Like |
Re: Naira Weakens Against Dollar 357/ 1$ by Ralphlauren(m): 1:54pm On Jun 07, 2016 |
Flets: Even if dollar exchanges at $1000 to the naira, GEJ will NEVER EVER NEVER EVER AGAIN head this country as a president. DEAL WITH IT !!! the earlier you, your likes and the f00ls bombing the pipelines realise this, the better |
Re: Naira Weakens Against Dollar 357/ 1$ by Flets: 1:54pm On Jun 07, 2016 |
Quakertellicus1: Without getting into so much of your details, you want to get our economy free from resource dependency?... How do you get that under a unitary federal system that we practice today..... I am talking practical reality. The only hope is true federalism, that is the only way we can be less dependent on oil. Let me break it down for you. Under True Federalism, the governors wont be running cap in hand every month to Abuja for allocations. They will sit their ass down and figure out ways to make the states and regions viable. Every region is this country has resources and potentials to be great but there is no incentive or motivation to tap into these potentials where there is some free lazy oil money available for sharing in the name of allocation. Let every people manage their potentials and resources and grow at their pace. Lets allow healthy competition across the various regions. That would drive tribalism and nepotism to the ground as we are not grappling for common resources. Niger Delta should be allowed to manage their resources and contribute some percentage to the FG. Listen, nobody sabotages his own property. Militants will not bomb pipelines under their custody. Patriotism at the regional level will be galvanized for speedy growth. The gains are immense. Infact, no progressive democracy in the world practices the rubbish unitary FG system we run here. Under True federalism, some regions might struggle for a while but Nigeria's economy will bounce back in less than 3 years and will only get stronger from there. Unfortunately, without true federalism..... Nigeria is gone forever. Imagine a business partnership where a partner has sworn from the onset that such business will never succeed and sabotages every effort to make gains. No such business ever survives and that is the Nigerian case, Bokoharam will disturb a southern president while militants will disturb a northern president. 2 Likes 2 Shares |
Re: Naira Weakens Against Dollar 357/ 1$ by onatisi(m): 1:56pm On Jun 07, 2016 |
Ugosample:Were u not in Nigeria when the president repeatedly made statements and announcements that he wont devalue the naira because he isn't convinced of its positive implications Stop making excuses for dullardihno ,buhari simply hasn't got the stuff to deliver. You cant give what you don't have |
Re: Naira Weakens Against Dollar 357/ 1$ by cckris: 1:57pm On Jun 07, 2016 |
Decryptor:It's like you live in Nigeria, unlike these East Londoners that write nonsense, always. |
Re: Naira Weakens Against Dollar 357/ 1$ by Flets: 1:57pm On Jun 07, 2016 |
Ralphlauren: How does GEJ get into the discourse? are your comprehensionally challenged? |
Re: Naira Weakens Against Dollar 357/ 1$ by cckris: 2:03pm On Jun 07, 2016 |
Ugosample:Under Jonathan, Sanusi spent over 500 billion naira, without even informing the CBN Board. But not so under Buhari that is a totalitarian DICTATOR, that wants every Nigerian to come & beg him for any approval. |
Re: Naira Weakens Against Dollar 357/ 1$ by Nawa4nl: 2:07pm On Jun 07, 2016 |
B00hari is working, even with his travel we can all feel the effect of change |
Re: Naira Weakens Against Dollar 357/ 1$ by Pavore9: 2:12pm On Jun 07, 2016 |
Decryptor: There are people at the port who know their way around. Let me cite an example, some of us in Kenya who bring in goods for sale from Nigeria, all we have to do is tell our contact person in Nigeria to have the goods dropped at a particular place within the trade fair complex in Lagos, the goods are weighed, about N450 is paid per kilo. Your contact person's duty ends there as every Saturday the forwarding company takes the cargo to the Airport then the following Wednesday we go to the shop of their partner here in Nairobi to pick our goods, paying 200ksh per kilo to clear it. No direct contact with Customs both in Nigeria and Kenya! Igbo guys run the forwarding business on both sides. 1 Like |
Re: Naira Weakens Against Dollar 357/ 1$ by Ralphlauren(m): 2:15pm On Jun 07, 2016 |
Flets: you are f00lish. didnt you mention GEJ in the useless rant you quoted from 2015? didnt you state that the econmomy will crumble if GEJ was not re-elected? ndi ara |
Re: Naira Weakens Against Dollar 357/ 1$ by Flets: 2:21pm On Jun 07, 2016 |
Ralphlauren: How does GEJ never being the president of Nigeria again get into the discourse? Was anyone arguing that he would be president again? So I ask again... are you comprehensionally challenged? |
Re: Naira Weakens Against Dollar 357/ 1$ by Nobody: 2:47pm On Jun 07, 2016 |
doyinisaac:please be careful with the use of your words,i am not cursing,it is the absolute truth that you are scared of admitting,an average nigerian hardly eat thrice in a day, compared to when dollar was still 150 and now it has risen from 350 to 375,my sister,we have to start praying for this country not to finish |
Re: Naira Weakens Against Dollar 357/ 1$ by onatisi(m): 2:59pm On Jun 07, 2016 |
tiwiex:
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Re: Naira Weakens Against Dollar 357/ 1$ by Nobody: 2:59pm On Jun 07, 2016 |
I just finished speaking to my mum on the phone. In Nigeria too much reliance on govt. It is time Nigerians start thinking outside the box. School is now overrated. World over. The govt can't do nothing for u. And to me,its sign of a touch economy. The land in the Nigeria is very fertile. I wonder why people can't engage in agriculture. Fisheries, goats, cattle etc. Imagine if one planted tomatoes in the southwest. By now, the person will be a millionaire. In fact the school system needs to be drastically reviewed. Too many people study useless courses in school. Only to become unemployable after. |
Re: Naira Weakens Against Dollar 357/ 1$ by Ugosample(m): 3:00pm On Jun 07, 2016 |
onatisi: I am not defending him, and you do not hate Buhari more than I do, but the fact is that you as CBN governor can do what you think is best for the country without presidential approval. The president cannot sack him.. |
Re: Naira Weakens Against Dollar 357/ 1$ by Ugosample(m): 3:01pm On Jun 07, 2016 |
cckris: The money he pumped into the banks right? Buhari is just .....smh |
Re: Naira Weakens Against Dollar 357/ 1$ by manbuchai: 3:14pm On Jun 07, 2016 |
jeffoe:You are wrong,it is not every body that would go through suffering.Some are praying for it to fail for them to have a new begining |
Re: Naira Weakens Against Dollar 357/ 1$ by ken4jj(m): 3:18pm On Jun 07, 2016 |
Quakertellicus1: Bros,you keep muddling issues up. How can we truly get our economy free from oil if we don't practice true federalism. Do you think that these governors will think when they have free money coming from Abuja every month? Since we have been talking of economy diversification for the past 2 decades, why have we not been able to achieve that? Think about it. It is only possible on paper to diversify the economy in this present structure. |
Re: Naira Weakens Against Dollar 357/ 1$ by alakara(m): 3:28pm On Jun 07, 2016 |
Pavore9:how can I export agro products in a mini way |
Re: Naira Weakens Against Dollar 357/ 1$ by Decryptor(m): 3:32pm On Jun 07, 2016 |
Pavore9: Nice arrangement. So tell me, what sort of "goods" can someone actually send to kenya as you cited which is in high demand there which can rake in money? Are those goods food items, household wares, appliances? What are they?? I'm just curious |
Re: Naira Weakens Against Dollar 357/ 1$ by ken4jj(m): 3:32pm On Jun 07, 2016 |
Flets: Thank you. I did not see your response before i even replied him. Some people forget that fever is a symptom of some many sickness therefore if one has fever, it is not enough to drink paracetamol to suppress the fever but you must have to eliminate what is causing the fever in the first place else it will return. For Nigeria to be great, we must solve the problems from the foundation and not from the roof. |
Re: Naira Weakens Against Dollar 357/ 1$ by Pavore9: 4:00pm On Jun 07, 2016 |
Decryptor: l know some who bring in spare parts, hair extensions, shea butter, raw cocoa powder etc. |
Re: Naira Weakens Against Dollar 357/ 1$ by Pavore9: 4:03pm On Jun 07, 2016 |
alakara: The destination determines a lot of things. |
Re: Naira Weakens Against Dollar 357/ 1$ by Ralphlauren(m): 4:09pm On Jun 07, 2016 |
Flets: then why quote or refer to a useless rant made in 2015? mumu. its good you've acknowledged that your rant is irrelevant and it will do nothing to change the fact that buhari is your president. learn how to put your points across without referring to GEJ. kapish ? |
Re: Naira Weakens Against Dollar 357/ 1$ by Decryptor(m): 4:18pm On Jun 07, 2016 |
Pavore9: Ok. Thank alot for the info |
Re: Naira Weakens Against Dollar 357/ 1$ by Pavore9: 4:21pm On Jun 07, 2016 |
Decryptor: You are welcome. |
Re: Naira Weakens Against Dollar 357/ 1$ by Joygalore(f): 4:24pm On Jun 07, 2016 |
Please this should get to 1000$ |
Re: Naira Weakens Against Dollar 357/ 1$ by JUBILEE2000: 4:32pm On Jun 07, 2016 |
Flets: well said |
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