If we have tied our currency into the price of a barrel of oil our currency will now be trading at $49.00 from a low $28.00 a year ago.

How come the Ghanian cedis and the South African Rand are not fallen like Nigerian Naira. There is something fundermentally wrong with this govt and her policy.

Naira today is 1$ = 414 Naira!!!! Haba

If I had 1 barrel of oil last month I will get $40 .

But today I will get $ 49.00 is it not common sense to tie our currency to products especially in our case in Nigeria price of a barrel of oil.

See dis guy

No! it's not working ni that way. and I think this is high time to educate ourselves about way forward and the role we need to play if we want naira to rise up again. Our major exportation is Oil and the output of oil is very low now due to the crisis in ND. And Our major importation is almost everything even petrol, paraffin, cloths, foods, home appliances everything name it. thus, this means the money we are sending back there is more than what we are earning. the best way for us now is to increase our exportation to have enough dollars and stop using what we know are not local made to stop over spending of dollars.

So why ain't we doing that? Exporting enough outputs? Don't you think because Nigerians are lazy - lazy to create opportunities, lazy to convert their resources into products that can be exported, lazy to think?

We have everything we need to survive in this country. However, we prefer foreign products. Foreign beans, foreign rice, foreign clothes, foreign music/movies, foreign education.

We have created a perception that foreign outputs/activities are better than what we have. Hence, we will continue to import