Youngzedd:
This is just the beginning.

Youngzedd:
This is just the beginning.

cocoduck:

SHUT UP the dollar ROSE against EVERY currency on the planet, but it would soon come down because it hurts the American economy, making them get foreign goods cheaply but will pass through hell to export their goods eg Cars. So don't say what you do not know.

vooks:
Be honest, scarcity is more due to cash flight by thieves who are afraid that a non-friendly negro may win the elections.

popcykaylah:
another 4years with this man his barren wife will sink Nigeria's economy finally

XBLadez:
And some e-goblins will still blame GEJ for this

lonelydora:


No! the PDP clueless government. I am a CHANGE agent.

Rexyl:
Time for Nigerians to think and stop blaming the government always on global events esp those that affect economic situation and $/N exchange rates which the country can't influence and make it favourable presently. Scarcity of dollar will increase it's value against Naira and other weaker currencies and make importers to experience difficult times, with serious complaints as if government is no longer in control. THE BEST THING TO DO IS TO BEGIN THE PROCESS THAT WILL INCREASE THE VALUE OF NAIRA AND MAKE IT WHAT OTHER COUNTRIES WILL DEMAND FOR TO SETTLE PAYMENTS JUST LIKE DOLLARS.

TIME TO THINK LESS OF BUYING FROM OUTSIDE BUT TO ENCOURAGE AND PROMOTE HOME MADE GOODS AND GET THEM EXPORTED. HAD IT BEEN WE HAVE MUCH TO EXPORT AND LESS TO IMPORT MANY OF US COULD PROBABLY HAVE GREATER CHANCE OF BECOMING MILLIONAIRE WITHIN FEW MONTHS Dollar claims its abnormal high against other currencies.

yaskarahyelhope:
Just let Nigeria today declare free gay practice and dollars will become surplus. God punish devil punish America. Nigeria shd be more focused on our internal resources and forget abt foreign madness. Its our politicians that will suffer since they are all almost importers and exporters. Nigeria which way!

The boom in the oil and non-traded goods sector increases the demand for imported goods. This may not be a problem in the short-term so long as the country has enough foreign exchange to pay for the imports. The depression in the non-oil export sector and the boom in the other two sectors have medium to long term implications for the economy because the oil windfall will not be permanent given the volatility, unpredictability and exhaustibility of crude oil. For instance, if there is a decline in oil prices and oil revenue, the lagging and collapsing non-oil export sector will not be able to compensate for the drop in oil revenue while domestic demand for the non-traded goods and imports remain sticky. Consequently, the country will be forced to borrow from the international financial market to compensate for the decline in oil revenue. Over time, external debts will increase and so will the debt service obligations. Even when oil prices go up later and there is another round of oil windfall, it is difficult to correct the earlier damage or distortions created by the initial or previous oil windfall. In some cases, the oil exporting country may be forced to adopt some form of structural adjustment program (SAP) to correct such distortions or imbalances. Some of these SAPs are painful and may increase the prevalence, depth and severity of poverty.

kaypound:
Sometimes I wonder if dollars is the national currency with d way it is been shared around.

Little wonder why they don't want to go to jail

yaskarahyelhope:
Just let Nigeria today declare free gay practice and dollars will become surplus. God punish devil punish America. Nigeria shd be more focused on our internal resources and forget abt foreign madness. Its our politicians that will suffer since they are all almost importers and exporters. Nigeria which way!

sammyjay3:
Like for GMB........Share for GEJ

olas24u:


That is just one factor Mr Jona ,Demand and supply of the dollars determines the price at which they sell in Nigeria That is ss1 economics .