manny4life:
My Opinion

Please, Buhari's handlers should give him a script to read from; it's better to read from a well defined, written piece of paper than him attempting to impress the public with his chosen words. The thought of a presidential candidates making such promises beats my imagination, not only does it show deficiency on his part, it's an insult to Nigerians at-large. Biko, call him to order... No more Mitt Romney gaffes..

babyosisi:
[size=18pt]He may also supply free ice blocks to combat global warming [/size]
The founders of Nigeria like Azikiwe,Awolowo,mbonu Ojike and Tafawa Balewa must be tossing in their graves

manny4life:


So you agree this has nothing to do with population right?

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...

chimichael05:
All those Aboki for Ama hausa go sey No buhari u don't Bleep up, if he turn one dollar to one Naira then those Aboki for Ama hausa go go retirement now. Cus buhari na bad market for them

Nicepoker:
this one has been brainwashed.

wakacome:
Yes i know my son...

nosike3:
I spit on jonathan,i spit on tinubu, I spit on buhari! I spit on you all! Filthy politicians, myopic masses! *spits n walk away *

Princecalm:
dollar is both higher than Chinese Yuan and Indian Rupes respectively.

Omooba77:


Even Japan,China can not achieve this

Raiders:
There is nothing wrong with his statement. The problem is that the mentality of Nigerians are so low that they believe that a president can make the naira equal to the dollars. if we have the right economic policies like reduction of importation and relying too much on oil.

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

Princecalm:
and that is a prove to tell you that population increase causes inflation.

Princecalm:
and that is a prove to tell you that population increase causes inflation.

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!!

refreshrate:


so you see how you just contradicted yourself?

retsonbiz:
Unfortunately you sound like a child struggling to understand monetary economics.....If you are old enough, I dare ask you, how did Ghana do it?

This is possible within months, governmental policies and structural economic realignment is necessary.

hope4nigeria:
ur parent must be a thief in Jonathan cabinet, what buhari is telling you is! He will collect all the loot,jail the looters, with the huge sum of the Money? Economy will automatically stable. Get that to ur head, ur parent may go to jail if they are looters.... Stupiidest guy.

onatisi:
now u can see the reason why apc keep shielding him from debates. Even with well written scripts buhari will make mistakes ,because he will forget to read them !!!!!

vantage7:
[size=14pt]Where exactly in the report did he say so? Where is the quote?[/size]

Gen. Muhammadu Buhari, on Monday said he would ensure that the Naira was equal to the dollar in value, if voted into office.

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!!

retsonbiz:
Unfortunately you sound like a child struggling to understand monetary economics.....If you are old enough, I dare ask you, how did Ghana do it?

This is possible within months, governmental policies and structural economic realignment is necessary.

manny4life:


Lmao... I know right... That's why I said he's confused.

He needs to revisit the question again.

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!!