We for reason trade by barter since currency don collapse or return to the good old days of cowries.

May u perish for defending tinubu

MASTERCHIEF0847:
Only Kenya and Egypt...2 countries out of over 50 in Africa.

How many countries can you compare to either of them?

motionarena:
Some wicked forces are behind this.
This is not a matter of weather we export or not.

Have we ever been an exporting nation but e never bad like this. Our economy bad but e still beta pass many African countries.

Abi Somali get better economy pass us

Nigeria has been sinking steadily before with a lot of cosmetic solutions like borrowing trillions to defend the dollar and borrowing to pay subsidy which some very high individuals including former rulers are benefiting from.
Some powerful people are fighting back.
We have seen hoarding and illegally taking foodstuff outside Nigeria.

The main problem with the dollar is the round tripping massively been perpetrated by the banks especially the CEOs who are tremendously rich through this illegal and "Nigeria sucking" means.
If Tinubu doesn't want to be a failure which he currently is but which I know he is not and he wouldn't want to be (talking about his past and antecedents),he had better wake up and go after the CEOs of banks who are sitting on billion of dollars,not giving genuine businesses but Abokis for their own selfish gain while Nigeria suffers.

It is a pity that anybody can go to the Abokis and buy as much dollar even in billions and nobody knows or records anything about the transactions.
A very funny nation where everybody does whatever he wants while what he does affects the nation,especially the masses gravely.
But the govt had always looked the other side because they are also participants.
President Tinubu should sit up!
He has to step on big toes if he wants his govt to succeed.

shameless comparism

Ogaonos:
nthing like weaked forces na buhari govt cast mata high borrowing ,and most of our CBN governors are mere bank managers who don't undastand currency .esp ikonjo iweala
Most naija politicians don't undastand economics it give them mirage headache


.for example price of food determine ur purchase power
Fuel,diesel determine ur food due to logistics and cost of farming like irrigation ,tractors,harvester etc
Minimum wage



For example if exhange rate is 100 naira to a dollar so DT our product will not be expensive to export .to Africa for example
1 naira to a dollar no good is like u saying Bleep u africa i want to trade and associate with d west and u knw the crowd of nations that are far more organise and build strong biz relatnship with d west many .

So we have 100naira to a dollar
Fuel is 50/60naira to a litre
But price of local grow food is subsidize like ugu of 200naira is now 10naira
Garri ,beans sold for 850 on season while off season 1k
Naija rice maybe 1800 on season while 2k to 2300 naira off season
Chicken small one is maybe 250 while big one is 650 nsira
Minimum wage is 30k
But teacher and nurse are paid minimum wage of 60k

You dey earn. 30 k go jux spend only about 5k to buy bag of garri,beans ,nd rice plus cartoon of indomine ,wheat or semolina

Who dey do chicken suya or barbeque chicken plus plaintain chips will be sold for 500naira if they sell 30 to 100 orders a day if his using app food delivery
250 profit× 30 =7500naira a day
THAT HOW OYINBO COUNTRY DEY DO AM WHERE DEY MSKE OUR JAPA PPLE DEY ALWAYS DEY SAY LIFE FOR ABROAD EASY ND U SEE DEM DEY FRESH

I've always thought and suggested Nigeria requires some sort of university of Governance and Urban development. I've never understood why work as important as governing a nation and state required no qualification related to the role. A University of Governance and Urban Development would for instance teach Practical Nation building Economics and capacity building. Provide training and education for policymakers, government officials, and politicians to enhance their understanding of economic principles and improve decision-making.

I'm serious.

motionarena:
Some wicked forces are behind this.
This is not a matter of weather we export or not.

Have we ever been an exporting nation but e never bad like this. Our economy bad but e still beta pass many African countries.

Abi Somali get better economy pass us

There is no wicked force anywhere..
Just do the statistics, the more the youth and exposure of the general population then there shall be needs for what's been produced outside the country.

When you don't produce as much as you should, to atleast meet what you import then you will have to take loans and when you do, the goons will ask for certain things like u devaluing ur currency so u may have foreign investors come to ur country and not putting into consideration things like insecurity which push foreigners away.

Even when this foreign investors come, they still import their raw materials meaning that they just come for our cheap labour.

Nigeria was doing fine until the Association of Past Criminals (APC) gathered and formed a party. That's how Nigerians entered a one-chance bus till today.

From the lanky invalid that is confused whether to run to Niger Republic up to Ele yi, none has the slightest inkling of governance.

All they needed was power. They forgot that power without focus and intellectual wherewithal is mediocrity raised to power 100.

insidelife22:
Anything to save bobo Chicago face.

Exactly, is a sponsored post by APC to justify their inconvenience

omoadeleye:
Naira is going to ₦2553/$1


So it means demand for seller is overwhelming.

So people like you are the one buying dollar overwhelming sellers of dollars

It can only reach 2,500 if crude makes a bullish run to 90+USD bpd and which is unlikely to happen. The price of crude 🛢️ is the major factor that is affecting Naira. All the surge in USD against Naira is because of crude oil bullish run.

Unclebayo:
All this tinubu supporters are just looking for many ways to tell us we’re not the only one facing economy issues…. Very Useless and annoying people

Exactly

badoh:

You nearly wept but could not assist the girl by buying beans or meat for her. Though I don't know your pocket but if peradventure you had more with you and ñever assisted her, then you're not different from those inflicting hardship on Nigerians.

I kept that part out so it doesn't look like I made this post to brag.

Everything about currency devaluation should not be bought by any serious country. Has GB ever devalued the GBP? Has USA ever devalued the Dollar? It's time African countries stopped hooking their national currencies to the Dollar. Russia did it.

MASTERCHIEF0847:
Only Kenya and Egypt...2 countries out of over 50 in Africa.

Look at the ratio you are trying to justify?
In Nigeria, the level of inflation, poverty, corruption, backwardness, terrorism and anything evil is 1000 times higher than that of Kenya and Egypt!
Egypt is 31 whatever of their currency to dollar and Kenya is 163 shillings to dollar unlike Nigeria that's N1,750.
Posterity ll judge all of you.

This na worse hit?



See our rate and free fall naa!



How did our currency and economy got so tied to dollar?



Whoever dey do us this, God is watching and nemesis will Catch u people.

MASTERCHIEF0847:
Only Kenya and Egypt...2 countries out of over 50 in Africa.

yes plus the self confessed giant!

mandax:
Everything about currency devaluation should not be bought by any serious country. Has GB ever devalued the GBP? Has USA ever devalued the Dollar? It's time African countries stopped hooking their national currencies to the Dollar. Russia did it.

Confirmed talk.

👍


Na mumuism and laziness dey worry dem

motionarena:
Some wicked forces are behind this.
This is not a matter of weather we export or not.

Have we ever been an exporting nation but e never bad like this. Our economy bad but e still beta pass many African countries.

Abi Somali get better economy pass us

True. Nigeria is better than several African countries and one of the biggest exporters.

So which of the personnel is showing his dumbness and stupidity? Or is it some personnels at world bank?

mandax:
Everything about currency devaluation should not be bought by any serious country. Has GB ever devalued the GBP? Has USA ever devalued the Dollar? It's time African countries stopped hooking their national currencies to the Dollar. Russia did it.

Why can't there be universal valuation of all currencies? What gives right to another currency to dictate /determine the value of another currency to begin with? Who even made such a thing?

dgitrader:
"She Na statistics we go chop"
A sales girls' salary of 6 years ago will get a bag of rice and lots of change. Today , with two mudu of rice she dare not buy from that her salary.

a. Sales girl salary 6yrs ago Na like 6k or 8k o

Meaningless propaganda is it not obvious Kenya shillings and Egyptian pound is doing better than the naira 187 Kenyan shillings=$1 compared to N1700 naira = $1. Naira used to be higher than Kenyan shillings during Jonathan's regime buhari and tinubu,s APC has completely destroyed Nigeria

holluwai:
Hope we don’t make the list

dey play!

HeatSeeker:


https://businessday.ng/big-read/article/herere-african-countries-worst-hit-by-currency-devaluation/

These countries are the worst hit, Naija is the best hit country.Too bad

casppyjay:
yes plus the self confessed giant!

You missed it.

motionarena:
Some wicked forces are behind this.
This is not a matter of weather we export or not.

Have we ever been an exporting nation but e never bad like this. Our economy bad but e still beta pass many African countries.

Abi Somali get better economy pass us

True, the wicked forces that removed fuel subsidy and floated the naira without preparing for the effects.
You sef see say e don bad reach where you go compare Nigeria with Somalia.

MASTERCHIEF0847:

You missed it.

i did got it ..trust me I’m the prince of sarcasm, metaphor, parables, philosophy and the likes hence I can be anything and anyone I want ..determinate factors can be situations, location, gathering etc ..

cjudy:


all thanks to una president.
@ seun why is that bbqgrillmanner account difficult to quote. he will insult other people but they can’t quote him why? why the ojoro in this forum? why giving that tribalist and coconut head immune to insult others.

Seun and some of his tribalistic mods know about it.

spiSeyi:

It can only reach 2,500 if crude makes a bullish run to 90+USD bpd and which is unlikely to happen. The price of crude 🛢️ is the major factor that is affecting Naira. All the surge in USD against Naira is because of crude oil bullish run.

Alright, thanks.

Gajagojo:

How much does the war in Ukraine cost?

I thought you know?
Are you saying your claim is bogus?

nedekid:

Dont mind the op, being smart by half. Which one of those countries have had in 6 months their currency devalued by
close to 200%? Or in 9 years of a locust party from ₦200 to ₦1900 to a dollar?
Do Nigerians even understand the kind of poverty this apc has brought?
If you had ₦50m in your account 9 years ago, you had $250,000.
Today if you have 50m it is now worth $27,000!

Jezuz!so If am buying #50k worth of $$$$ every month as saving for 9yrs ago I go b omo baba olowo.

Some African leaders are very ignorant. They continue to implement the advice of Westerners to devalue their currency so that 1 USD can purchase more goods from Africa than before. However, they have never questioned why Western countries are not devaluing their currency as well so that a single note of another currency can buy more goods from the US and EU than before. This is the major reason why I hate democracy. It's easier for Westerners to install puppets as presidents in other countries and lead the countries like slaves.

Did the West stop the slave trade, or did they only modernize it

blueAgent:


I thought you know?
Are you saying your claim is bogus?

I am checking if you know because your question how much does Africa have sounds stupid to me
If you know you won't ask such