sarrki:
This kind of news is not what is welcome on this platform

The most likely one that is welcome is where Pmb was bastardized

The good thing is most of Pmb supporters are not internet trollers

There internet is there pvc

dokyOloye:
There is a difference b/w 'there' and 'their'!!!!
Don't they teach you ppl basic English in Oshogbo

dokyOloye:
There is a difference b/w 'there' and 'their'!!!!
Don't they teach you ppl basic English in Oshogbo

HAH:
The naira is still undervalued, with current reserve of about $50b naira should trade around 250 at most, but the problem is the political will to do that, the least this government can do is to converge all rates at the same place, but a situation where some people get dollar at 305 while some get at 357 is rigged to favour some privileged few

Imagine the effect on cost of life if the dollar will be like 250 but as i said the political will may be lacking

Proudlyngwa:

Trade at 250 and watch the economy die

rentAcock:
heil buhari, the saviour who will take Nigeria out of recession, our greatest president of all time. From N360 to N359.5, that's exactly 50kobo or 0.0014% Jajajaja I laugh in spanish
Just wait until the summer month is over, oil prices will fall, what then will happen to our currency?

nwoke37:
I remember asking my father if Nigeria got its independence too early... He told me Nigeria would have been worse if we got independence later... He mentioned how the politicians are more corrupt now than during the time of Nigeria's independence wherein those leaders worked together for Nigeria's development/independence...

He also mentioned that the current politicians we have now are even willing to sell Nigeria if they have the chance... He kept on repeating that there is no hope for Nigeria..

I later mused over my father's words...
I realized our politicians have in fact been selling Nigeria bit by bit... Because of corruption, we have poor power supply, substandard roads, un- regular water supply, poor education facilities, poor health facilities, etc..
Without those facilities you can't attract jobs(both domestic and foreign)... so we have high rates of poverty... And because of high rates of poverty we have high rates of insecurity...

What I know is that once oil ceases to become a major thing in our world, Nigeria would cease to exist as a nation, if corruption isn't massively tackled..

I hope one day Nigeria proves my father wrong, that there's hope for Nigeria

Cuteamigo1:
Please kindly explain because i share his views oj this.

Proudlyngwa:


If we trade at 250, a lot of things that are locally produced will be affected as it will become cheaper to import. Also we will have a lot of substandard products as manufacturers will want to meet up.

Take fuel for instance, Nigeria has the cheapest price of fuel for countries around it, and that is with dollar at 360, with dollar at 250 fuel becomes cheaper and smuggling out becomes more lucrative.


Another question is if the price of crude which is the major source of dollar supply falls, how long will we be able to sustain it at 250 to a naira.

Proudlyngwa:

Trade at 250 and watch the economy die

Proudlyngwa:


If we trade at 250, a lot of things that are locally produced will be affected as it will become cheaper to import. Also we will have a lot of substandard products as manufacturers will want to meet up.

Take fuel for instance, Nigeria has the cheapest price of fuel for countries around it, and that is with dollar at 360, with dollar at 250 fuel becomes cheaper and smuggling out becomes more lucrative.


Another question is if the price of crude which is the major source of dollar supply falls, how long will we be able to sustain it at 250 to a naira.

sexyanyabubakar:
Receive this social benefit from Abacha Loot strictly for Unemployed Lazy yoots only

HAH:
I just saw your response here, but the question is how did past government sustain it at lower rate, the present high cost of life is mainly due to high dollar rate, and have industries increased since naira was devalued ? Believe me it reduced. Government is there to alleviate people not the other way round , just imagine what $10B injected into our economy will do as against leaving it in an account in another country, one of the main reason the economy is slow is because of lack of investments, how many investors are we seeing this days, the only investors are portfolio investors who contribute little to the economy.

You said a lot of thing will be cheaper to import if dollar is 250, please can you mention just 3 I industries that thrived under this harsh condition, probably you will say rice , believe most of the things you see about rice is propaganda, I am a notherner and live in the north the so called local rice are only seen during launching by politicians, and even the figures of productions are exegerrated clearly they are not up to our demand.


Only a wicked father with live money in account while his family is suffering, a clear case of Buhari

sarrki:
This kind of news is not what is welcome on this platform

The most likely one that is welcome is where Pmb was bastardized

The good thing is most of Pmb supporters are not internet trollers

There internet is there pvc

TalkTalkTwins:
Take us back to N160 per $