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Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong - Politics (6) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong (19249 Views)

Naira Is Still Strong, An Average Nigerian Can Feed With N500 — CIBN Ex-presiden / Average Nigerian Can Feed With N500, Naira Still Strong –CIBN Ex-president / Segun Ajibola And His Harakirius Pekelemes! (2) (3) (4)

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Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by NelviusGrey(m): 12:33pm On Sep 23, 2021
I wish I could just snap my finger and this man with all other corrupt leaders will just be erased from existence....cus me don tire smiley
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by NapoleonHill: 1:02pm On Sep 23, 2021
Dottore:
I stopped reading after the trashy first paragraph.
I couldn't even bring myself to read the first paragraph. Just came to the comment.
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by kejiwardrobe: 1:03pm On Sep 23, 2021
OGA YOU ARE TALKING IN THE NONSENSE shocked sad undecided
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Ajeyo(m): 1:10pm On Sep 23, 2021
May what is happening to naira be your portion,sebi naira is strong.?
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Halo22: 2:03pm On Sep 23, 2021
The Prof. Was just being a paper presenter just like most of them who have never contributed to the practical solutions of the issues in the country. He was making a comparative analysis of the naira and the dollar, giving us hopeless hope that our naira is still strong and valuable. If #1 was compared to$1 in his analysis or at least #50-$1, we won't be feeling disappointed in him. Simply put, he was just trying to please his pay masters and anyone taking him serious is doing so at his own peril.

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Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Obdk: 2:14pm On Sep 23, 2021
Kelvinhunta:
You are right bro! But he is not talking from that Angle, he means what a Dollar at hand can buy in Nigeria that same dollar at hand can't buy it in USA
stop talking nonsense.. 800 dollar can buy you a car in USA 800 naira can only buy bread or a plate of food

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Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by GetMeRight: 2:34pm On Sep 23, 2021
Awoleesu:


For those who hastily countered, insulted or disagreed with the Prof. I think you need to review the excerpt above from his propounds.
The man is making a fine case of comparative economics - juxtaposing the local value vs cross border value of a currency, such that only guys with a sound knowledge of {macroeconomics) economics can appreciate.

Even in neighbouring African nations, whose economies appeared not as buoyant as ours, you'd see the Naira is undervalued there. Talk of exchange rates in Niger and Benin republics...

Appreciate what?? We're talking about 1 and 500! Why would anyone expect to be able to use 1 in USA to achieve what 500 is used to achieve in Nigeria? 1 vs 500, haba!

1 Like

Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by overseasnbeyond: 3:14pm On Sep 23, 2021
This man here is crazy!
N500 strong locally? average Nigerians don't make N500 per hour.
minimum wage is like N30,000 monthly.
He is high on Ikorodu weed
ijustdey:



https://punchng.com/forex-average-nigerian-can-feed-with-n500-naira-still-strong-cibn-ex-president/

1 Like

Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Classickj(m): 4:36pm On Sep 23, 2021
ovieigho:
This prof should rather talk about what #500 can do as against $500 and what $1 can do as against what #1 can do

$1 dollar equalling #500 means our currency is going valueless

Abi sey 500 and 1 are the same ?

Why is he talking about what 500# can do in Nigeria and when he gets to USA he mentioned $1??

All these people are slow pokes

So if $1 equivalent #3000 at the end of 2023 but because people might still be able to feed well with 3k naira , it still means naira is strong � �
Bless bless you for this

2 Likes

Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Nobody: 6:35pm On Sep 23, 2021
Can we argue without insults please? Present your facts as to why you don't agree? This man is an erudite professor with a PhD qualification of economics.
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Nobody: 10:02pm On Sep 23, 2021
ovieigho:
This prof should rather talk about what #500 can do as against $500 and what $1 can do as against what #1 can do

$1 dollar equalling #500 means our currency is going valueless

Abi sey 500 and 1 are the same ?

Why is he talking about what 500# can do in Nigeria and when he gets to USA he mentioned $1??

All these people are slow pokes

So if $1 equivalent #3000 at the end of 2023 but because people might still be able to feed well with 3k naira , it still means naira is strong � �
The prof just professed his ignorance on air. Nice breakdown from u.

1 Like

Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Nobody: 3:50am On Sep 24, 2021
FreeStuffsNG:
You just made me miss the days of yore when Nairaland used to have members who give intellectual perspectives to issues of nation building. Now, it's mostly uncouth and intolerant responses.
Only if you know that it doesn't cost you anything to be civil and that it actually builds up your character in life whether offline or online.

Why are we not comparing 500 naira to 500$?
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Murrayish(f): 3:32pm On Sep 24, 2021
1 meal a day. Yes!
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Hassanmaye(m): 8:02pm On Sep 24, 2021
mcbreeze:
Some people go school to get confused on the already confused brain.

Certificate doesn't cure foolishness
Hahahhahahaha
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by KingofHearts(m): 11:35pm On Sep 24, 2021
Hmmmm!!

quote author=FreeStuffsNG post=106092114]
It's their true character. Your true character is revealed at what you do when you believe no one is seeing you.
They think the privilege to use aliases as usernames hide them from being directly seen as having a horrible character but its not so. Their online activities and comments can be traced. For some of them ,it has already been traced and used to deny them of something while for some, their bigoted and toxic comments have been archived for use against them when it matters offline and online.
It's the way they are raised too. They grew up seeing adults around them bullying and verbally assaulting one another so they grew into it. Those who change today may still be able to salvage things but for some, it's already too late to save them the consequences of being reckless online. They're already labelled as uncouth , toxic and bigoted individuals. [/quote]

1 Like

Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Nobody: 9:23am On Sep 26, 2021
ijustdey:



https://punchng.com/forex-average-nigerian-can-feed-with-n500-naira-still-strong-cibn-ex-president/
Just imagine his level of thinking
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by grandstar(m): 2:33pm On Sep 28, 2021
The fact this was an NTA interview devalues it as his thoughts would be biased to paint government in good light.

Also, he never mentioned the need for government to devalue the Naira at the official rate so as to close the gap with the parallel market which has been the prime problem. The CBN will also need to restart the sale of dollars to the BDC's

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