Kirinwa:


I watched with dismay as Gej announced on a national tv that stealing is not corruption.

nduchucks:


For me, %deprerciation is irrelevant in determining who the better manager is. In my books, if as a manager, your subordinates steal by the billions of naira with impunity through NNPC, Fuel Subsidy, ordering unauthorized bullet proof vehicles...the list goes on and on....then sir, that Oga at the top cannot be a better manager. Sir, this is who GEJ is, unfortunately, regardless of depreciation.

Descartes:


Thanks for your observation.
But then again do you know the value of those exchange you gave as at 80s in more than or equivalent to what we have now going by the index?
Please I need more clarifications

erico2k2:

Guy dont repeat that mistake again,I assume all of us here are graduates or undergraduates and well educated, if you say something Increased from N60 to N100 it meant and increase by %40,its basic Pry 4 .N50 to N100 is an Increase by %50 hope U get the drift now?? keep up my friend keep up.

bnovative:

Well for me it does, what's the essence of data to a manager?
It may interest u to know that people who served in the buhari junta were equally as corrupt.
I Wii rather we agitate for strong government institutions, not personality.
Do u truly believe buhari can prosecute the corrupt politicians in apc? bearing in mind that this democracy, not military rule where the general ruled by fiat.

DMerciful:
Guy,basis mathematics. % increase= change in price over original price.

FastShipping:


Don't just come here and give us manufactured numbers. Show us prove showing the naira depreciated by 107% between 1983 and 1985. You cannot just manufacture number out of thin air. What was the exchange rate under Shagari administration? Don't just come here with half baked information and want people to believe your garbage economic data.

I am waiting for the data....

Firefire:



Let me try to help you...

During Buhari dollar went from 0.724 to 1.5 representing a 107% depreciation of the Naira!


GMB (1983-1985)
Before 0.724
After 1.5
107% Depreciation

GMB (2014)
Before 155.0
After 321.0
107% Depreciation (God forbid)

rozayx5:
datolee the terror of barcanista and APC crew is back from the library

sukkot:
dunno. i had zero naira back then. was i even born ? oh yes i think i was lol

Kirinwa:


Learn to understand that Nigerians are wiser now and won't swallow gabbage any further.

Gej has been given enough time to prove himself and its only logical and sensible to allow the people's general a chance to salvage whatever fragment is left.

24 hours power supply is possible under Buhari.

Martins301:


His lies has been busted here
https://www.nairaland.com/2055648/how-stable-naira-under-gen

erico2k2:

Value of what?Im struggling to understand what you really wanna know, but i can say that these figures are had to come about hence Economists Forcast

DMerciful:
Guy,basis mathematics. % increase= change in price over original price author=erico2k2 post=29084125]
Guy dont repeat that mistake again,I assume all of us here are graduates or undergraduates and well educated, if you say something Increased from N60 to N100 it meant and increase by %40,its basic Pry 4 .N50 to N100 is an Increase by %50 hope U get the drift now?? keep up my friend keep up.

Martins301:


Bros your lies just got busted here
https://www.nairaland.com/2055648/how-stable-naira-under-gen

Descartes:


Busted by who?

The same thread he entered you all pseudo economists scampered for safety

Descartes:


That's means it comes with an economic model?

erico2k2:

u can say that bro, cos this Economic Biz comes with 2many variables,U know in NIgeria we don't have Brains who derive sophisticated equations to bring about max profits unlike the western worlds.I as a single Individual have stolen such Model and applying it in my Biz back in Nigeria and its working cos i don't have to depend on FG just few of its policies would effect me speaking of just %10.

Martins301:


You are so wrong. Abeg don't mention that you are a graduate o. If price move from N60 to N100 then the percentage increase is about 66.7% and an increase frm N50 to N100 is a 100% increase

Meanwhile the Op's lies has been busted here
https://www.nairaland.com/2055648/how-stable-naira-under-gen

Descartes:



Are you sure of that?

erico2k2:

yes Im sure, I have read loads of Economic Journal from our dear country but non of the bolded surfaced however Im not a mountain of knowledge if U got any info on that plz point me so i can add that to my knowledge.

nduchucks:


What was the price in September 1982 according to your source?

Descartes:


I heard Soludo is a Professor of Macro Economics/Econometrics specialized in Monetary policy

dre11:


Preach it brother,

All this their conjure value to prove a point just stink to the high heavens without them looking at other indices for growth.

Nah wow for some people on this forum

obayaya:


What other indices?

atlwireles:


You don't want to do this today. We have dealt with this lies already. I asked you a simple question, when did Nigerians start standing out in long lines to buy essential commodities.

Why did creditor Nations pull their loans off the table? During the Buhari regime.

Buhari and economic ingenuity, I have not heard that before

The thousands fired every night on the NTA News, still rings like a bell in my ears. The phrase "retrenchment with immediate effect", was the catch word in 1984. Families use to watch the news, waiting to hear their fate. Over 200,000 lost their fed jobs in 1984. The middle class of Nigeria then,

Is it the currency conversion policy, that crippled families and businesses?

Economic ingenuity whoa, that's a new one. NPN's 4 years in power, never had one day that was as bad as the days of buhari

datribune:



U seem to be confused or what?. Ok let me break it down 4 u.
d economy collapsed under Shagari. d sage Awolowo foresaw what was ahead months b4 it happened & constantly warned d NPN to change its profligate ways but they didn't until d country was no longer credit-worthy. d NPN even called Awolowo a prophet of doom because of these predictions. Umaru Dikko lied dat d country was not broke & dat at least people were not eating frm d dust bin. History proved Awo was right & dat d NPN had completed d looting of d country & it was broke. In d last months of d NPN govt for d 1st time in nigerian history d fed govt could not pay salaries. No food, no money. Soap, milk, sugar etc popularly called essential commodities disappeared from d shelves. Multinationals like kingsway, UTC, PZ etc left d country. DIS WAS WHEN NIGERIANS QUEUED IN LINE TO BUY ESENCO (Essential commodities)
When GMB took over, d creditor nations & IMF knew dat d country had been severely weakened by d debt situation & wanted to hold d country to ransom wit their slavish conditionalities. GMB called their bluff. He refused to devalue d naira & devised an ingenuous system of barter 4 oil. This was highly successful & stabilized d economy.
Hahahaha "wit immediate effect". Only crooks & corrupt politicians were afraid of dat phrase & it was dem dat lost out. d phrase Wit "immediate effect" was coined by d Murtala Mohammed govt. d Buhari govt which was an offshoot of dat patriotic govt liked to use it whenever it wants to show its resolve.
d currency conversion was a master stroke of ingenuity dat made d loot of d corrupt worthless.
Anyday, anytime patriots will choose d days of Buhari/Idiagbon over d misrule of d NPN. Of course I'm not surprised dat supporters of d corrupt PDP which is a mutant of d NPN would not like Buhari. But in dis election it will not be their call. It will be d call of d masses who ar in d majority & ar fed up wit dis clueless govt. SAI BUHARI