malware:


Who is competent then?

bettercreature:
Don't even know what my people want,they would cry when dollar is 520 that government is doing nothing
They wont stop crying either when dollar is 380 saying government is doing too much
Black man with black brain
CHINA has been using this artifical means to control Yuan for over a decade now,reason they call them currency manipulator

Baonel:
I bet 98% of nairalanders will never read this long write up.

bettercreature:
How would you feel if $=600 naira? can't you guys use brain we are not the only country defending currency

bettercreature:
Don't even know what my people want,they would cry when dollar is 520 that government is doing nothing
They wont stop crying either when dollar is 380 saying government is doing too much
Black man with black brain
CHINA has been using this artifical means to control Yuan for over a decade now,reason they call them currency manipulator

toyetade:
How many Nigerians are actually benefiting from defending the Naira. It is only benefiting the rich. Why not use the reserve to develop infrastructure in the whole of the country, create employment and provide security. Foreign investors will come when the country is experiencing peace and prosperity

fatymore:
buhari is incompetent for now.. Can a sick person function well.. Happy New month

malware:


The term sick is relative. We are all sick in our own unique ways.

fatymore:
then he is incapable for now....

toyetade:
How many Nigerians are actually benefiting from defending the Naira. It is only benefiting the rich. Why not use the reserve to develop infrastructure in the whole of the country, create employment and provide security. Foreign investors will come when the country is experiencing peace and prosperity

malware:


You are not professionally eligible to determine that, are you?

Scatterscatter:
The battle of the naira isn't an economic warfare but rather an ideological And political battle.

The elites especially those in the BDC business and banking system benefit from this.

Please tell me what stops the government from scrapping BDC and allow us get dollars directly from the Banks where it can be properly monitored and controlled.

The Banks will get from CBN at 305 and sell to BDC at 370/375.

Now tell me who is doing who

abescom:
the problem of the naira is not the west, the CBN or the real sector. The real problem is the polithievians. What do we expect? That the naira to be at par with the dollar? When there is so much stealing of our revenue? When the income we make is meant to be put on infrastructure, education and technology, some few embezzled it, they embezzled more than they ever need, and you expect development.

The naira can only gain strength when money meant for building road is used for building road. For instance, we engage Julius Berger to build a 10km road and some corrupt bastards do not demand bribe from them even if JB are so wicked that they get 80% of the workforce from German, 20% will still be Nigerians and this 20% and their family will benefit but when money meant for roads are diverted to private pockets?

See the armsgate issue we have. Isn't another money been taken to buy the arms now? When what was stolen under GEJ alone is enough to eliminate ISIS not to talk of Boko haram.

Unless we SINCERELY deal with corruption, forget it nothing will happen to the naira even if we floor the market with dollars.

ephi123:


Word.

Everything else is like bandaging a wound without first treating it.

abescom:
the problem of the naira is not the west, the CBN or the real sector. The real problem is the polithievians. What do we expect? That the naira to be at par with the dollar? When there is so much stealing of our revenue? When the income we make is meant to be put on infrastructure, education and technology, some few embezzled it, they embezzled more than they ever need, and you expect development.

The naira can only gain strength when money meant for building road is used for building road. For instance, we engage Julius Berger to build a 10km road and some corrupt bastards do not demand bribe from them even if JB are so wicked that they get 80% of the workforce from German, 20% will still be Nigerians and this 20% and their family will benefit but when money meant for roads are diverted to private pockets?

See the armsgate issue we have. Isn't another money been taken to buy the arms now? When what was stolen under GEJ alone is enough to eliminate ISIS not to talk of Boko haram.

Unless we SINCERELY deal with corruption, forget it nothing will happen to the naira even if we flood the market with dollars.

gabe:
Mr Boyo has been consistent in his message. We collect income in dollars from oil sales. Share dollars so that the incoming dollars will compete with avialable naira for price. Thats what happens in a free market economy. Its simpe demand n supply. More dollars against available naira, price of naira appeciates. To prevent corruption, distribute dollar certificates so banks will give available naira. The banks can now cash their certificates at cbn, but govs cannot cash such. But what cbn does instead is print naira to cover the dollars earned at whatever rate they decide, while hoarding dollars and limiting supply. This creates an artificial dollar scarcity, increasing its price. This is a drama that occurs every month!

bettercreature:
Don't even know what my people want,they would cry when dollar is 520 that government is doing nothing
They wont stop crying either when dollar is 380 saying government is doing too much
Black man with black brain
CHINA has been using this artifical means to control Yuan for over a decade now,reason they call them currency manipulator

fatymore:
buhari is incompetent for now.. Can a sick person function well.. Happy New month

fatymore:
If you are person is ill.. Will you be capable of doing somethings.. Am talking on health ground.. Not professional wareva...Health is paramount you know. It post Like yours that his giving the cabal or presidency the hope that baba should still be functioning instead of resigning and take care of his health.. Am pro buhari Incase you thought am one of them

Proudlyngwa:
What CBN is doing now, they should have done long ago.

MrSly:

Even when he was not sick what did he do? Buhari's problem is not illiteracy, it is lack of exposure and pride.