BeClever:



I can understand you position.. When hunger couldn't let you wait for the real change you were promised and everything sounds good to you..

A man broke your father's mansion and squats you in his BQ, frustration will make you think he has tried for you..

Buhari till 2023...Anuofia!

seguno2:


Source please otherwise stop spreading propaganda, lies and rumours.

seunmsg:
The reserves will get better in 2017 since crude oil price is expected to remain steady at above $50 during the year and hopefully, our brothers from the Niger Delta region will stop the needless attacks on oil facilities.

bettercreature:
It was about $44 billion.Gej destroyed everything

Stalwert:
Thought it was over $60 billion when Jonathan took over?

seguno2:


Do you understand simple English?
Do you have a source?
Or do you not have a source?

Stalwert:
[s][/s]

Nairalanders should gather food for this man oh... hunger dey cause madness oh

bettercreature:
Google is your friend idiot! Obasanjo and Yaradua left about $44 billion behind

seguno2:


Obasanjo and Yar'Adua left the same amount?
Incredulous!
Did you get that from the idiots in Google also?
Hilarious!!!

bettercreature:
You are just embarrassing yourself! i have attached the screenshot.It was infact $45 billion

DropShot:
I am learning to ignore some trolls and dull posters on this forum. I hope I can sustain it.

Imagine some people already belly-aching at the prospect of the current administration getting us back to where we were four years ago; forgetting or deliberately ignoring the facts of the unparalleled damage done to our economy by their thieving heroes who later sponsored militants to frustrate government's efforts to save the battered economy.

They're equally pretending not to know that our major forex earners suffered a huge tumble such that we have been unable to earn a third of what their thieving uncles earned and looted.

They shall be shamed soon.

Coolgent:
Some illiterate fools wl not consider this as an achievement

2sexynet:


Until dollar returns to 180 naira, I don't care what Buhari does. This year would have been a greater investment year for most hard working and hustling Nigerians if not for the state of dollar. I know how many opportunities I have missed just because of high exchange rate. I am also sure there thousands of Nigerians like me.

wooleyboi:
Abi Now, I relate well with you. Just that I prefer it lower. It was 150 remember...... On second thought I doubt if this dream go come true o

2sexynet:


Until dollar returns to 180 naira, I don't care what Buhari does. This year would have been a greater investment year for most hard working and hustling Nigerians if not for the state of dollar. I know how many opportunities I have missed just because of high exchange rate. I am also sure there thousands of Nigerians like me.

Coolgent:
Some illiterate fools wl not consider this as an achievement

DropShot:

Some of you think there is magic to make Naira strong against the dollar. Perhaps you think PMB could print some dollars to replenish our foreign reserves that was looted by GEJ and his cronies.

bettercreature:
What a dullard as the IPOD YOUTH use to call him
Saving money while my FORM M has been submitted since september and No dollar till now
Inflation will soon reach 50%

Cekpo34:



You aren't being fair here. Looting in Nigeria didn't start 6 years ago and didn't end in 2015... If OBJ could heal Nigeria on a harsher condition, ur principal has no excuse

DropShot:

What harsher condition did OBJ operate in?

Before you tell me the crude price per barrel in 1999 to 2007, also remember to tell me our population, our demand for imported goods then, as well as our GDP.

Many of you forget that natural course of event cannot make Nigeria function on parameters of 2010 talk less of 1999.

Cekpo34:



I understand. But it shouldn't be this bad

DropShot:

Some of you think there is magic to make Naira strong against the dollar. Perhaps you think PMB could print some dollars to replenish our foreign reserves that was looted by GEJ and his cronies.

BeClever:


So if Buhari gets you back to where you were with a broken leg and damaged eyes after his 8yrs in office, you would still not see anything wrong?

2sexynet:


Until dollar returns to 180 naira, I don't care what Buhari does. This year would have been a greater investment year for most hard working and hustling Nigerians if not for the state of dollar. I know how many opportunities I have missed just because of high exchange rate. I am also sure there thousands of Nigerians like me.

4Play:


If the CBN outrightly refuses to supply foreign exchange to many importers, reserves will go up but the downside is that the Naira's value will plummet. That is essentially what we have seen as US dollars become scarce.
The persistent decline of the naira in the parallel market followed the introduction of new measures by the central bank last month, restricting access to hard currency at the interbank in a bid to conserve dwindling foreign exchange reserves
http://www.punchng.com/business/money/cbn-adjusts-rate-as-naira-falls-to-244/

The accumulation of foreign reserves at the expense of the Naira's value is not new. Here is a quote from Wikipedia in respect of the Sani Abacha era

Despite the international shun his government endured, he oversaw an increase in the country's foreign exchange reserves from $494 million dollars in 1993 to $9.6 billion by the middle of 1997

https://en.wikipedia.org/wiki/Sani_Abacha. Was this because the Abacha regime was not corrupt? No. What happened to the Naira whilst all these reserves were accumulated? Naira went from 22 Naira to a $1 in 1993 to 84 Naira to $1 in 1998. https://www.nairaland.com/498412/nigeria-exchange-rates-dollar-history.

The true test of whether Buhari's anti-corruption measures are working will be a repatriation of stolen wealth to nation's coffers. We won't have to read between the lines as any refunded loot should be made public.

The Abacha administration became the first to record unprecedented economic achievements:[7] he oversaw an increase in the country's foreign exchange reserves from $494 million in 1993 to $9.6 billion by the middle of 1997, reduced the external debt of Nigeria from $36 billion in 1993 to $27 billion by 1997, brought all the controversial privatization programs of the Babangida administration to halt, reduced an inflation rate of 54% inherited from Ibrahim Badamasi Babangida to 8.5% between 1993 and 1998, all while the nation's primary commodity, oil was at an average of $15 per barrel.[7]