OnyeIbo:
Taa!!! Buhari nwam, mechie onu (close ur mouth) . As an Economist, what u are saying is almost impossible!!! You obviously don't know what u are saying. I blame the incompetent Nigeria for allowing you to be in this election race. See how u disgracing Nigeria with ur stupid utterances. Smart guys like me that were supporting u will now see that u have got nothing upstairs.

emeka2847:
Have you read The fake vanguard story?

nduchucks:


Continue to hide under arithmetic while GEJ and his gang loot you dry.

blazes4:


so what if Nigeria does it homework well and is succesful... Consolidation of banks cost the least in Nigeria... because Soludo didnt just say this is how dey did it in so so and so place he actually improved on it... are you saying we cant improve on Ghana? Economic policies should be perculiar to your needs... USA is always shouting democracy... Democracy no dey saudi and saudi is working... when libya was under ghadafi libya was better off... in singapore lee kyun yeu of blessed memory was said to have maintained tyt grips on media and today singapore is better for it... and when he was asked about it He said he didnt follow any theory on democracy that he did what needed to be done

dollarlander:


So you joined Nairaland this year January, because you think you have something intellectual to contribute in this forum. Your aim is to have platform to attack buhari who ruled Nigeria when you were never born and whose intention is to help build you a nation void of corruption so that for ones you can live as a human being in a place you call your country.

A 13 year old boy came to me, he said daddy please help me vote buhari, I said can you convince me 5 reasons why I should vote buhari he said he did not know there was a man who is capable of putting all these big men, who are stealing Nigeria money, in prison and collect all our stolen wealth from them. I was short of words.

If a 13 years old boy, who wasn't born in the 80's when 1$ was 1.44 naira could reason that way how much more you that is an adult should have reasoned provided you are in your right senses.

Buhari has his facts to propel naira back to where it was before corruption was legalised in Nigeria.

All he needs to do is to make war against corrupt people like you. Collect all the billions of dollars you have stolen and place them back in reserve. If this is done within one year alone, you won't believe where naira value will be.

Then restructure economy from hyper dependence on oil and stop exporting crude oil and importing refined products.

Assuming that you are a normal human being, a normal Nigerian who desire to live like a king in his own country. At least I lived before 80s and I know what it is to live when things are good. You will support agenda that diversifies economy and reenergise all sectors of economy for growth.

The shale oil in America will kill many economies around the world who depend on oil to survive. The oil money will continue to fall and American dollar will continue to be stronger because they are self sufficient in the area of oil.

Nigeria naira will continue to depreciate as long as we cannot refine our oil and distribute ourselves which cannot be sufficient for our local consumption because of our local demand

Bros, don't allow politicians who lived before you give you inverted stories that will continue to deplete your life as a Nigeria citizen. You can live better than this if you have a leader with the right focus like buhari.

I'm waiting for your reply. I dey house for you this morning.

wakacome:
[b]In the land of "Jon" located at the city of "athan"so much people suffered from a disease called "corr"which broke out from the river called river "uption"this disease killed so many people living in that city but their king called king "stea"L of the "ing"kingdom do not even know what to do but he had to consult a friend of his who is also a king of another city called "clue"from the tribes of "less",he told his friend the problem he is facing in his own city and his friend told him that they should consult the gods of "bu"in the "hari"shrine ,"bu"revealed to them that they can stop the disease of"corr"which was caused by river"uption" he said they need to perform a sacrifice of "dis"to the tribes of "ci" in lake "pline","bu"also revealed to them that they should consult a spiritual priest named "inte"who hails from the city of "grity"he said the priest is the one to do the rituals, the king obeyed the instructions and there after all the people of the land of "jon"in the city of "athan finally"got saved after "Bu"of the greatest "hari"answered their prayers,...everyone in that city was happy that they were saved from the disease of "corr"caused by the river "uption"...so that was how the people of the city of "athan"choosed the gods of "Bu"and decided to worship at the "hari"shrine so that they can continue to have a better life,even the king worshipped "bu"of the "hari"kingdom and begged him to take control of the city so that they can continue to live a very better life.....





Wakacome[/b]

millionboi:
Who is dis old man decivin

fallout87:
I am still waiting for one of you Buhari lovers to tell me what he will do??

- Saying he will do it without an explanation is not an answer.

- Saying stolen money would fix it is not an answer. That is false.

Tell me the actual tactic he will use. Will he increase interest rates? Will he still dollars and buy up naira?

Use intelligence to respond. I will be waiting

bigtt76:
for goodness sake you doing wake up and fix your exchange rate when there are factors (internal and external) that help determine same.

Princecalm:
This is someone that understands the economy speaking and not the clueless one who keeps Naira unstable.

Princecalm:
can you compare Nigeria's population to that of China?

Omooba77:


Even Japan,China can not achieve this

fallout87:


This is why I call Buhari supporters fools. Can you imagine they think only internal mechanisms influence the naira? They completely ignore the external factors, then they claim to be educated?

It is no wonder they believe him when he says he will stabilize oil prices as if he has the external influence to do so.

PapaBrowne:


Are you serious Your speech just gave you off as someone who lacks complete understanding of Economics>



Illiteracy no be moi moi oh!! Ha! So if someone tells you he will equate the value to the dollar you would just swallow it hook line and sinker??
What were you doing when others were attending Economics class??

For the Naira to be equal to the dollar, you would need to see our dollar reserve rate go to something like a trillion dollars!! Even with 20 years of 20% economic growth rate, we would probably not be there!!


Now the bigger lesson for you is that a very strong Naira is not good for our country especially if you want to produce goods and export competitively..
Now let me explain that to you:
A bag of Dangote cement sells for 1500 Naira.
When the dollar was 160 Naira, that bag of cement was equal to $9.
At the new rate of 215 Naira, that same bag of cement is now equal to $7.
That means if Dangote wants to sell his cement in Albania, he has a better price point than he would have had 5 months ago.

Now imagine the Naira is exchanging at 5 Naira to a dollar.
That same bag of cement would now be equal to $300. Where on planet earth would he be able to sell his bag of cement at that price??

Any country that desires to produce and export to the rest of the globe, prays for a weaker currency to allow its goods better pricing amongst competitors. If Buhari understands economics, he will never pray for a very strong Naira except of course he wants us to keep importing everything!!

PapaBrowne:


Are you serious Your speech just gave you off as someone who lacks complete understanding of Economics>



Illiteracy no be moi moi oh!! Ha! So if someone tells you he will equate the value to the dollar you would just swallow it hook line and sinker??
What were you doing when others were attending Economics class??

For the Naira to be equal to the dollar, you would need to see our dollar reserve rate go to something like a trillion dollars!! Even with 20 years of 20% economic growth rate, we would probably not be there!!


Now the bigger lesson for you is that a very strong Naira is not good for our country especially if you want to produce goods and export competitively..
Now let me explain that to you:
A bag of Dangote cement sells for 1500 Naira.
When the dollar was 160 Naira, that bag of cement was equal to $9.
At the new rate of 215 Naira, that same bag of cement is now equal to $7.
That means if Dangote wants to sell his cement in Albania, he has a better price point than he would have had 5 months ago.

Now imagine the Naira is exchanging at 5 Naira to a dollar.
That same bag of cement would now be equal to $300. Where on planet earth would he be able to sell his bag of cement at that price??

Any country that desires to produce and export to the rest of the globe, prays for a weaker currency to allow its goods better pricing amongst competitors. If Buhari understands economics, he will never pray for a very strong Naira except of course he wants us to keep importing everything!!

fallout87:
That is one of the stupidest utterances in this election if it is true.

Does this Buhari not understand inflation? He obviously doesn't understand a thing about GDP or the economy...

PapaBrowne:


Are you serious Your speech just gave you off as someone who lacks complete understanding of Economics>



Illiteracy no be moi moi oh!! Ha! So if someone tells you he will equate the value to the dollar you would just swallow it hook line and sinker??
What were you doing when others were attending Economics class??

For the Naira to be equal to the dollar, you would need to see our dollar reserve rate go to something like a trillion dollars!! Even with 20 years of 20% economic growth rate, we would probably not be there!!


Now the bigger lesson for you is that a very strong Naira is not good for our country especially if you want to produce goods and export competitively..
Now let me explain that to you:
A bag of Dangote cement sells for 1500 Naira.
When the dollar was 160 Naira, that bag of cement was equal to $9.
At the new rate of 215 Naira, that same bag of cement is now equal to $7.
That means if Dangote wants to sell his cement in Albania, he has a better price point than he would have had 5 months ago.

Now imagine the Naira is exchanging at 5 Naira to a dollar.
That same bag of cement would now be equal to $300. Where on planet earth would he be able to sell his bag of cement at that price??

Any country that desires to produce and export to the rest of the globe, prays for a weaker currency to allow its goods better pricing amongst competitors. If Buhari understands economics, he will never pray for a very strong Naira except of course he wants us to keep importing everything!!

Timoleon:


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.

PapaBrowne:


Are you serious Your speech just gave you off as someone who lacks complete understanding of Economics>



Illiteracy no be moi moi oh!! Ha! So if someone tells you he will equate the value to the dollar you would just swallow it hook line and sinker??
What were you doing when others were attending Economics class??

For the Naira to be equal to the dollar, you would need to see our dollar reserve rate go to something like a trillion dollars!! Even with 20 years of 20% economic growth rate, we would probably not be there!!


Now the bigger lesson for you is that a very strong Naira is not good for our country especially if you want to produce goods and export competitively..
Now let me explain that to you:
A bag of Dangote cement sells for 1500 Naira.
When the dollar was 160 Naira, that bag of cement was equal to $9.
At the new rate of 215 Naira, that same bag of cement is now equal to $7.
That means if Dangote wants to sell his cement in Albania, he has a better price point than he would have had 5 months ago.

Now imagine the Naira is exchanging at 5 Naira to a dollar.
That same bag of cement would now be equal to $300. Where on planet earth would he be able to sell his bag of cement at that price??

Any country that desires to produce and export to the rest of the globe, prays for a weaker currency to allow its goods better pricing amongst competitors. If Buhari understands economics, he will never pray for a very strong Naira except of course he wants us to keep importing everything!!

fallout87:
I am still waiting for one of you Buhari lovers to tell me what he will do??

- Saying he will do it without an explanation is not an answer.

- Saying stolen money would fix it is not an answer. That is false.

Tell me the actual tactic he will use. Will he increase interest rates? Will he still dollars and buy up naira?

Use intelligence to respond. I will be waiting

fallout87:
That is one of the stupidest utterances in this election if it is true.

Does this Buhari not understand inflation? He obviously doesn't understand a thing about GDP or the economy...

Omooba77:
Owerri – The All Progressives Congress (APC) presidential candidate, Gen. Muhammadu Buhari, on Monday said he would ensure that the Naira was equal to the dollar in value, if voted into office.
Buhari stated this during the South-East presidential rally of the party at Dan Anyima Stadium, Owerri.

“It is sad that the value of the naira has dropped to more than N230 to one dollar; this does not speak well for the nation’s economy,’’ he said.
He urged the people to vote for APC, noting that he would ensure that corruption was tackled headlong if elected.

Earlier, Gov Rochas Okorocha had urged APC supporters to vote for the party’s candidates at all levels, noting that a vote for Buhari without support to others at the state would amount to nothing.
Okorocha said Buhari would address the problem of electricity, bring back the kidnapped Chibok girls and promote industrial growth.

He said that Buhari was loved by the people in the region and urged them to elect him and other APC candidates during the March 28 and April 11 general elections.

Former governor of Anambra, Mr Chinwoke Mbadinuju and former Minister of Education, Chinwe Obaji, were formally welcomed to the APC at the rally.

The rally was attended by APC supporters from Abia, Ebonyi, Anambra, Enugu and Imo. (NAN)


http://www.vanguardngr.com/2015/03/ill-make-naira-equal-in-value-to-dollar-says-buhari/#sthash.eALwzZ4V.dpuf