wirinet:


You are completely wrong. Our problems are caused by ALL our leaders since independence, including Jonathan and Buhari. They ALL lack foresight on how to build a prosperous nations. Awolowo, Zik and Tafa Balewa made foundational mistakes by not investing in developmental infrastructure like power, roads and rail and compounded the problem by not investing in science and technical education. Gowon made it worse by simply blowing away oil windfall of the early 70s. Subsequent governments have been short sighted, inept and corrupt.

No national currency can strengthen when you produce nothing and need foreign currency to import everything, from petrol to tooth pick. Your currency will be in an eternal free fall. Basic economics.

selemempe:
see mumu...the joke is on u...cos i know u are not related to buhari...u are just another buhari fan who cant think strategically.

Dogmatic hausa ppl who are inductrinated to always participate in electoral and religious matters...most of u in the north dont know wat is called quadratic equation...yet it is empty fools like u who would rush to get their pvc in order to ensure the south never moves forward...of course u get help from ur useful idiots in the west....so kudos

Ever8054:
nawaooo ...as in he is lying or what?.... he is very correct you could buy a whole lot of things with 5naira then....

abokibuhari:
83-85 the lifeless cow started destroying everything

scnonline:
When the going was good. The era when we didn't know what to do with our national wealth.


http://www.scandalnigeria.com/2018/08/27/throwback-to-when-the-naira-%e2%82%a6-was-stronger-than-the-us-dollar/

Sirjamo:
He has achieved more in life than you can ever dream of in 300 life times, you and your likes are just wasting away online abusing someone who was your parents president and return again to be your president, maybe one day, his son will be your children president.

abokibuhari:
83-85 the lifeless cow started destroying everything

Ever8054:
nawaooo ...as in he is lying or what?.... he is very correct you could buy a whole lot of things with 5naira then....

abokibuhari:
83-85 the lifeless cow started destroying everything

Sirjamo:
He has achieved more in life than you can ever dream of in 300 life times, you and your likes are just wasting away online abusing someone who was your parents president and return again to be your president, maybe one day, his son will be your children president.

4Play:


Good monetary policy should come first before infrastructure. Infrastructure is virtually useless if the monetary policy framework subsidises imports.

hernandson:
dreamer so he would give you 5naira out of 7naira,he should better go back to school too

Sirjamo:
He has achieved more in life than you can ever dream of in 300 life times, you and your likes are just wasting away online abusing someone who was your parents president and return again to be your president, maybe one day, his son will be your children president.

DoyenExchange:
O God! The good old days...can Nigeria be ever great again?!

blackpanda:

Na wa o...kontinuu

4Play:
It was the "strength" of the Naira that was its weakness. When the Naira exchange rate is stable despite high inflation - as in the 1970s - it makes our economy uncompetitive and acts like a subsidy of importation. Such a real exchange rate appreciation (inflation adjusted appreciation) is disastrous for the tradable goods sector.

Think of a groundnut exporter in the 1970s whose input costs are rising as labour, transport and fuel become more expensive. Unless the currency depreciates, his business revenues in Naira will stay the same. This will make it impossible to continue to operate such a business. This is effectively what helped crush our non-oil sector.

zomby:


If the north are mumu and the west are idiots, what would you call the people in the south?
Because with all your knowledge of quadratic equation, the percentage of house girls and house boys that come from the south are higher than any other part of the country...And your total population in the country is far less than the population of the northerners or westerners.
So, you should slow down a bit and focus on your people; Nigeria did not get here only because of the northerners or the westerners...every part of the country has one or two things to do with the downfall of this great nation.
Instead of pointing figures or calling names, may be it is a fantastic idea to join hands and dig ourselves out of this mess.

No one is better than the other!

neonly:

neonly:

LoJ:
A strong currency does not necessarily mean a strong economy. It can make sense for an economy to have a weak currency. I personally believe a country like Nigeria does not need a strong Naira, provided it gets to full production capacity.