Please am not a fan of APC or PDP. We are all nigerians irrespective of our tribes. Let me just enlighten you about the dollar issue.
Please let me explain to those of us who don't
understand Economic terms.
Dollar has not increased since Buhari became
president
1. Dollar is not our currency so dollar should not
be our
business
2. Our problem is not d government but our
problem is our
importers and consumers
3. Naira has remained at 197 naira to 1 dollar
since Buhari
became president
4. Buhari has promised not to devalue the Naira
and he has
maintained that promise
5. Both at CBN and at interbank rates, dollar has
remained
197
6. However because we are too lazy to produce
what we use
in Nigeria we import even toothpicks and matches
7. Buhari does not like d importation of luxury
goods
because luxury goods is d reason for most
corruption, that is
why he banned 41 products from having access
to forex
8. However when Nigerian importers insisted on
importing
those 41 products, FG asked them to find their
dollar at d
BDCs parallel market also known as black market
9. And to discourage the pressure Nigerians are
mounting on
the Naira just to get dollars for importation, CBN
banned
DMBs from selling dollars to BDCs
10. To survive the pressure of excess dollar
demands, BDCs
resorted to sourcing for dollars from neighbouring
countries
through illicit money laundering routes
11. Because of the risks faced by BDCs to source
for dollars,
and because of the increase in demand for dollars
by
importers because China just resumed from their
business
holidays, BDCs keep increasing the price at which
they
exchange dollars to naira and now it is 400 naira
to 1 dollars
12. However that does not mean that govt has
changed the
exchange rate because if our genuine importers
go to CBN
and fill Form M to import raw materials for local
production,
they will get dollars at 197 naira each
13. So the problem is that we love to consume
luxury
foreign products yet we are too lazy to
manufacture them
here.
14. For example u will see a dull girl using iPhone
5 without
even knowing simple physics and computer
engineering part
of how that phone was produced
15. I want Buhari to ban every foreign product
from Nigeria
until Nigerians learn to produce and use Made in
Nigeria
products
16. Let us stop complaining about dollar as if
dollar has
become Nigeria's currency
17. It is even bad enough that most of those
complaining
about the high exchange rate of dollar do not
have 1 single
dollar in their purse, some av not even seen the
so called dollar b4.

#copied