Princecalm:
is it the truth that is making you to think like this?

dustydee:


Ghana did it so why can't Nigeria?

Ahmeduana:

ANOTHER ALMAJIRI DISPLAYING IS OWN BRAND OF GORO, FURA DA NUNU ECONOMY! THESE PEOPLE ARE GOING TO MESS UP THE COUNTRY, WHAT WILL YOU EXPECT A SWINE TO DO WITH A CROWN IF NOT TO RUB MUD WITH IT.

manny4life:


Bros, why these lies na?

Is Nigeria worth up to $1.5 trillion $$$? Haba, even with all of our oil reserves combined... na wa o

babyosisi:



Hahahahahahahaha
No wonder they kept him away from debates

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

Splashme:
[size=15pt]Illiteracy is a disease. This man is a joke. Buhari is better off caring for his cows in Daura, I swear.

Previously, he claimed he would stabilise oil prices. Now, he would make the naira equals a dollar.

No wonder APC hawks are shielding him from debate.[/size]

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

jmaine:


And you feel removing a few zeroes automatically makes the naira equal to the dollar in terms of purchasing power ?

Bizibi:
don't embarrass yourself what GMB said is not that easy and it will take Nigeria years to achieve that....infact he just made himself a joke if it is true he said that

shikaan:
maama, tis been long o. i miss ur posts.

Largas:
where do you guys get these funny hilarious crazy memes

dazangel11:
too much weed

refreshrate:


How did fela say it again? "dem begin work magic" seriously im surprised you expected anything different for Agbero peoples congress. When did you last hear them say any truth i ask of you my good sir? If they say good morning go and check if the sun is truly up.

PapaBrowne:


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!!

chibas:
u guys should think, we can't continue this way,diversify the economy and let us stop the importation of rice and fish because we have the capacity to produce and also get the refinery working and see as the naira will appreciate to let say 1dollar=115naira.

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

mrmetoo1:
I'm sorry but where did the OP get the topic from in that article?

manny4life:


Didn't you see why I asked, under a favorable or unfavorable condition... Besides, how well are they fairing with that new policy..