Naira To Be Re-Denominated

it is goooooooooooooooooooood, i am going to be paying N20 - N50 Nepa Bill Monthly!!!

===WAZOBIYA.COM===

rili? let me calculate

Giving the naira a face in terms of decimalization or giving the naira a face in terms of true economic value. What is not plain to see. This is just a disaster. This has done it that has done it. How exactly it has improved their economy is what we want to listen to.

Soludo want to redeem his image.  mmmm!!! 

Those measures will be helpful with or without re-denomination, so why bother with re-denomination?

this idea is retarded, yes you heard me it just the ministers taking advantage of yar' adua's position, as if they had brought this up last year obasanjo would have dismissed it. they are just trying to provide themselves with even more money. think about it the two strongest economies in africa have'nt done this. in egypt it is about 100 pounds to a dollar, and in south africa its about 6 rand to a dollar.  but just look at they YEn its doin' perfectly fine. knowing nigerians if this does come into effect the currency will begin to loose its value considerably within 7 months of the change. if they do change this currency, i and my family will personally pull out our assets from nigeria, stocks, personal accounts and savings. using just a bare minimal. this it the kind of rubbish that makes people consider leaving nigeria !!!!! the americans must be thinking who the hell are these nigerians with there few barrels of oil trying to put their currency at par with the dollar. this is a promise the dollar will eat up the naira, and then again the lack of education in nigeia, how are you going to tell people who have grown up their whole lifes knowing there to be 1000, 500, 200, 100, 50 naira notes. that all of a sudden the largest note will be 20 naira. I pray that for the sake of nigeria this does not come to pass it would be a huge step backwards, reminisent of the last time the naira 's value depreciated. instead of looking at the basic neccesities of just clean water alone. this is a country where tribes that do not wear clothing exsits and the thing on everybody's mind is the value of the currency. maybe itf nigeria has tackled the simple  necesities of life the economy might be even more sustainable. without a sustainable economy this re-domination will not work. this is nothing but pure greediness. at the moment nigeria relies soley on oil as its best export, a commodity that is running out quickly. the fact that nigeria is doing considerably well is not due to the intellect of the government but the share grace of god. this countr has issues

Na you resolve am? Matter just dey start you say wheather them never resolve am.

I don't think it should be suspended indefinitely, it has a good chance of improving our economy.

The Naira will appreciate anyway, but the redenomination will make the impact of the appreciation of Naira not to affect the Purchasing Power. _{That is the way I see it.}