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

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

EmekaMD:
it became weaker than dollar actually..
Before Buhari naira used to trade 0.something against dollar.. after Buhari is trade for about 1 or even 2.something..

It became worst under IBB we know..
But Mr Integrity hasn't admitted he is a failure jus like the others too..

abokibuhari:
83-85 the lifeless cow started destroying everything

dacanv:
N'Anya Adam

ibegeeee:



You are almost correct but the National Development Plans - which were never really carried through in any case were themselves flawed and not aimed at strengthening the economy in a sustainable way. The fundamental flaw was setting up industries for import substation instead of export oriented industry and businesses. We always (especially during Buhari regimes) that if we curtail imports and produce our own we will be richer. Whereas the Far East Asian countries have always concentrated on producing goods and services to export out of their countries, in the first instance they never looked at their home markets - think about it, 40 years ago how many Chinese children were playing with the cheap plastic toys that China was famous for exporting?


We have been a mono-economy since the early 1970's and prior to that we relied on cheap cash crops to survive.


We can never have a currency that can be comparable to other currencies if we export so little compared to our needs.


BTW the era of strong naira to the dollar was a fallacy and disaster waiting to happen. Only the privileged few benefited from it.


When dollar was $1 to N1 how many fully employed security guards in any Nigerian company or ministry could afford to buy a car?

yet a security guard in America at that time could afford to buy a car. So how did the so-called strong naira help the average Nigerian?

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.

Macopol01:
Nigeria can not be better except we choose a God sent messager, who wi rule, govern accordingly. A man dat wi not b an errand boy to dz shit cal dem God father, a man with a vision to serve not 2 save, to give not 2 dposit hs acct wt naija money. And we nigerians, i want 2 ask u guys, if u want 2 send me an errand 2 do some works 4u n 2 turn ur future dat had bn in daknes to b bright, d question s who sud pay each other, i think s u. But nigerians xpet d presdt candidate 2 bring billions 4 campaign, we sud b d1 campaignin 4 him, dnt let hm spend anytin, we nid a change, n d change bgin wt youths, let me tell u b4 dey do bobo or trick us dat we ar leaders of 2moro, b wise we ar leaders of 2day n 2moro bcuz 2moro start 2day n it can only b fruitful wen use 2day 2 prepare 4 it. The Bible says “my people ar perishing bcuz dey lack wisdom” Naija youths lets wake up, encourage n enlight ourself. Because 4 nigeria 2 get beta it bgin wit u n 1. God bless Nigeria.

amaniro:


Are you dumb or ignorant. I didn't say he earned 7naira in 2002,i said 5naira was my lunch money in school and his salary was told to me by my mum that as a teacher then he earned about 7naira in 1978 or so

geometricaxis:


again you are talking out of ignorance. import substitution is a step along the path to export. Dangote now exports but he started first by import substitution. There was nothing wrong with the implementation of the national development plans until they were truncated. many of the infrastructure we continue to enjoy today were from those plans. Many of the Nigerian doctors that are doing great things abroad are a result of the development plans, the question you should ask is why are Nigeria's doctors abroad. The problem was the military came in and halted everything.

My mothers driver bought a brand new 504 GL back in the day. teachers/civil servants bought brand new cars then. what is a security guard doing with a brand new car.


stop talking out of ignorance

ShenTeh:


If you cannot hold your point and be civil in communicating it, you will be in no mean terms be treated a little lower than the lower animals.

It would be understandable if comprehension eludes you, but how what you wrote beats your understanding is the big awe here. I have quoted what you wrote and pointed out the possible flaws to you, but than be civil and honourable in correction or replay your thought clearly, uou'd rather throw tantrum like an happy worm

Am I any surprised,

Should you quote or mention me again without decorum, I shall not make your day in the mud with you.

wirinet:


I am tired of schooling "lazy" youth who have a mental blockage against learning critical issues. I studied architecture at Ife, I studied the industrial revolution and it's effect on western civilization (and other civilizations also ). So I am telling you that you cannot industrialise (or develop) without first power, second steel, third science and technical education, fourthly efficient mass transport network and lastly raw materials. The only element we possess of the five is raw materials. And it was raw materials that gave rise to colonialization. Europe had the other 4 elements but lacked raw materials.

Today, we are struggling to generate 5000Mws of electricity, we do not have a steel industry, we lack practical science and technological research centres and we have non existent transport infrastructure, and you are talking about development plan.

abokibuhari:
83-85 the lifeless cow started destroying everything

amaniro:
When I went to school with 5 naira that can buy like 3 things
in roughly 2002

My grandfather salary then was 7naira as a teacher this one was told as a story to me

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

geometricaxis:


you dont talk like someone who has a degree in anything and if you had any real intelligence there are clues in my post that i am not a youth. We have numerous steel industries, we have numerous hydro dams. you will be shocked how many lie fallow, never commissioned, that no one knows about. Are these the fault of the people who conceived them or the people who never followed through on the plan? 36 years ago jakande started the lagos metro, it was cancelled when the military came over, is it jakande's fault? We have refineries, they were in the plan and they were completed, is it the fault of Awo,Zik,Tafa,or Gowon that they arent working today? You are clearly too young to remmember and probably went Ife when Ife had lost it's glory because you dont sound like someone school in Ife in it's glory days. All these things you list we had in the 80s so clearly the blame is not on the people you listed.

The harder you try to sound knowledgeable the more you show up yourself as completely ignorant of the subject matter. Argue like an educated person please.

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

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.

amaniro:
When I went to school with 5 naira that can buy like 3 things
in roughly 2002

My grandfather salary then was 7naira as a teacher this one was told as a story to me

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.

ibegeeee:



You are almost correct but the National Development Plans - which were never really carried through in any case were themselves flawed and not aimed at strengthening the economy in a sustainable way. The fundamental flaw was setting up industries for import substation instead of export oriented industry and businesses. We always (especially during Buhari regimes) that if we curtail imports and produce our own we will be richer. Whereas the Far East Asian countries have always concentrated on producing goods and services to export out of their countries, in the first instance they never looked at their home markets - think about it, 40 years ago how many Chinese children were playing with the cheap plastic toys that China was famous for exporting?


We have been a mono-economy since the early 1970's and prior to that we relied on cheap cash crops to survive.


We can never have a currency that can be comparable to other currencies if we export so little compared to our needs.


BTW the era of strong naira to the dollar was a fallacy and disaster waiting to happen. Only the privileged few benefited from it.


When dollar was $1 to N1 how many fully employed security guards in any Nigerian company or ministry could afford to buy a car?

yet a security guard in America at that time could afford to buy a car. So how did the so-called strong naira help the average Nigerian?

Cantonese:
And then Babangida introduced the second tier foreign exchange market (SFEM) in august 1986. The naira was devalued that year by that government and it heralded the challenges of our currency. Before then one could travel to any country in the world with the naira and exchange it in any bureau de change. See, the problem of this country started during the Shagari regime and blown out of proportion by Babangida. Each time we attack Jonathan I wonder why the people of that age fail to tell the honest truth. This country was damaged by the military and not Jonathan. Babangida and Abacha put us into this mess we are presently facing. Neither Jonathan nor Buhari caused it. Our problems became compounded by the greedy politicians who are the animals that Trump talked about.

geometricaxis:
That you say you "heard about Jakande's metro line" tells me you are a young person and you were not around when Nigeria was Nigeria. if you are too young to be aware of metro line, Nigeria had collapsed by the time your were conscious of your environment and so it's no surprise you talk like you do. Take it from me, most of what you wrote is nonsense, you did not live in Nigeria when Nigeria was a great place, (BTW nor did you attend Ife when our lecturers were, Havard,Oxford, Cambridge etc trained) so you are not in a position to talk and when those who did talk so instead of arguing, listen to them.

The problem with Nigeria started when the military took over, there was corruption ofcourse but nowhere near what we have today, there were ill conceived projects but there are ill conceived projects all over the world. Kaduna refinery was an ill conceived project (heavy crude v light we produce) but it worked. If the military and particularly IBB hadnt taken over, we were heading in the right direction. Most of the infrastructure we have today and certainly the best of them were built by the very same people you malign. Lagos Ibadan that we use today was completed in 1976 it took less than 2 years to build.

The reason why you didnt get the best education (no offence, but you dont argue like someone who got an education when education in Nigeria was education) is because you studied under the military after they started messing around with education

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