debris:

bushdoc9919:


No.....oil prices have fallen....meaning that we do not have the dollars to buffer the naira....hence the fall in the value of the naira and the hoarding of dollars by CBN governor.

The same thing would have happened if GEJ was still in charge. (And I probably would be angry with him, but my anger would be pointless...as you will soon see).

Truth be told, we have to get off our oil dependency. And what I want to see from Buhari is increased spending on rail, power, and electricty, and end to subsidies, a strong war on corruption, not just in PDP, but APC AND everywhere, and high investment in techincal education with the aim of getting Nigeria off oil dependency (So that we can do resource control).

I also want serious minded governors.

So....is PMB going to get us off oil? That is what we should be judging him on, not on naira falling per se.

Kingscee:
I don't know what's naira, I only use Biafra pounds, which is even more higher than the so called dollars

bushdoc9919:


Yes...hence the bit about putting pressure in my original post




That's wonderful, but totally irrelevant to our discussion.

wordbank:
The official interbank rate when I checked yesterday was N199.05

bushdoc9919:


When you lazy Nigerians stop tolerating corruption, stop thinking that oil money will save you, and start working on making your states, LG and Nigeria as a whole a self sufficent industrial economy...by putting pressure on Abuja and your local leaders.

The era of selling oil, groundnut, palm oil and cocoa to make money to share for imports is over. Time we worked for our money.

bushdoc9919:


Basic problem why Nigerians opposed subsidy.....people could not see beyond cheap fuel (It was not because people did not like GEJ...people do not want to pay N200 per liter for fuel/PMS).

But the subsidy has to go. (Yes....even PDP opponents like me see the need for it to go)....especially now that we do not have the money to fund it.Even if it means paying N250 per liter for fuel.

macolino:
Please let me know when one dollar is equal to one naira.

Blackchainz:
..you should sleep,i will wake u

tonychristopher:


Try change it in the street and see that aboookki will deal with you

cocoduck:

Yes keep on looking for excuses to shine Buhari's already batterd image. That man is stup1d and lost, the Bible says that anyone worshiping all these false gods will be like them, so you get what I mean. I supported GEJ not because he is a handsome man or from the south, but simply because he was moving Nigeria away from the bondage of the Brits, they are the people who made it impossible for us to progress using Neo colonialism, so Buhari went and put us back into the firm grip of those demons simply because he craves the presidency, he wants to be known as "elected" president before he kicks the bucket. I have genuine reason for HATING Buhari.

macolino:
Please let me know when one dollar is equal to one naira.

bushdoc9919:


Some major differences between Saudi and us

1.Saudi has less than 12 million people, Nigeria has 170 million people

2.Saudi is the world leader in oil production, Nigeria is no 8.

3.As a result of 1 and 2 , Saudi saved $700bn in its crude account. Nigeria saved far less than that.....even during Yaradua's time.

4.Even then, Saudi is seriously worried. The money in its account is going down, and as a result. they are raising VAT and considering removing their subsidy on fuel. Even the rich also cry in this oil reduction show.

neocortex:


Common , stop all this gibberish, we all know Nigeria Buhari's incompetence
is responsible for the bad economy we found ourself.
You are trying too hard to deflect blame from the government.

tpiander:


Not yet.

cocoduck:

[s]Yes keep on looking for excuses to shine Buhari's already batterd image. That man is stup1d and lost, the Bible says that anyone worshiping all these false gods will be like them, so you get what I mean. I supported GEJ not because he is a handsome man or from the south, but simply because he was moving Nigeria away from the bondage of the Brits, they are the people who made it impossible for us to progress using Neo colonialism, so Buhari went and put us back into the firm grip of those demons simply because he craves the presidency, he wants to be known as "elected" president before he kicks the bucket. I have genuine reason for HATING Buhari.[/s]

bobo65:
U get point but saudi Arabia is not going thru this sorta devaluation na