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Amount Budgeted For Nnamdi Azikiwe's Mausoleum/ Library In 2016 Budget - Politics (2) - Nairaland

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Re: Amount Budgeted For Nnamdi Azikiwe's Mausoleum/ Library In 2016 Budget by TheGoodJoe(m): 3:23pm On May 31, 2016
jamesibor:


Wage bill is paid in Naira after converting warned dollars to naira.

When obj came in, $1 was officially N22, meaning that for every $1 he earned, he got N22 which implies that a barrel of oil @ $9 got him 9×22 = N198

When Buhari came in, $1 was officially N165 meaning that for every $1 he earned, he got N165 implying that for every barrel of crude oil @ $40, he got 40×165 = N6,600

So for every N198 OBJ got, Buhari got N6,600.


Based on your economics, we should devalue our currency to N2,000. So, for every $1 we earn N2,000. For a barrel of Crude, we will make $40 x 2,000 = N80,000.
Re: Amount Budgeted For Nnamdi Azikiwe's Mausoleum/ Library In 2016 Budget by jamesibor: 4:07pm On May 31, 2016
TheGoodJoe:



Based on you economics, we should devalue our currency to N2,000. So, for every $1 we earn N2,000. For a barrel of Crude, we will make $40 x 2,000 = N80,000.

I'm comparing Obj's earnings to Buhari's earnings, be guided.

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