Owerri – The All Progressives Congress (APC) presidential candidate, Gen. Muhammadu Buhari, on Monday said he would ensure that the Naira was equal to the dollar in value, if voted into office.
Buhari stated this during the South-East presidential rally of the party at Dan Anyima Stadium, Owerri.

“It is sad that the value of the naira has dropped to more than N230 to one dollar; this does not speak well for the nation’s economy,’’ he said.
He urged the people to vote for APC, noting that he would ensure that corruption was tackled headlong if elected.

Earlier, Gov Rochas Okorocha had urged APC supporters to vote for the party’s candidates at all levels, noting that a vote for Buhari without support to others at the state would amount to nothing.
Okorocha said Buhari would address the problem of electricity, bring back the kidnapped Chibok girls and promote industrial growth.

He said that Buhari was loved by the people in the region and urged them to elect him and other APC candidates during the March 28 and April 11 general elections.

Former governor of Anambra, Mr Chinwoke Mbadinuju and former Minister of Education, Chinwe Obaji, were formally welcomed to the APC at the rally.

The rally was attended by APC supporters from Abia, Ebonyi, Anambra, Enugu and Imo. (NAN)


http://www.vanguardngr.com/2015/03/ill-make-naira-equal-in-value-to-dollar-says-buhari/#sthash.eALwzZ4V.dpuf

That is one of the stupidest utterances in this election if it is true.

Does this Buhari not understand inflation? He obviously doesn't understand a thing about GDP or the economy...

So help us God,I fear for Nigeria my great country

This is someone that understands the economy speaking and not the clueless one who keeps Naira unstable.

Princecalm:
This is someone that understands the economy speaking and not the clueless one who keeps Naira unstable.

This is economy jargon,ask jarus

Princecalm:
This is someone that understands the economy speaking and not the clueless one who keeps Naira unstable.

Even Japan,China can not achieve this

Just like he said that he will reduce world oil price.. is this man dreaming?
Someone who doesn't have a certificate,lol
Gej till 2019

Omooba77:


Even Japan,China can not achieved this

What he said is the height of stupidity. Now that is being clueless.

Does he even now how to increase the value? Is his strategy to artifical inflate the naira by buying it up?

I just shake my head at such nonsense

Omooba77:


Even Japan,China can not achieved this

can you compare Nigeria's population to that of China?

Buhari don come again

Error...

This is when corrupt practitioners won't let u win....

Princecalm:
This is someone that understands the economy speaking and not the clueless one who keeps Naira unstable.

Are you serious Your speech just gave you off as someone who lacks complete understanding of Economics>



Illiteracy no be moi moi oh!! Ha! So if someone tells you he will equate the value to the dollar you would just swallow it hook line and sinker??
What were you doing when others were attending Economics class??

For the Naira to be equal to the dollar, you would need to see our dollar reserve rate go to something like a trillion dollars!! Even with 20 years of 20% economic growth rate, we would probably not be there!!


Now the bigger lesson for you is that a very strong Naira is not good for our country especially if you want to produce goods and export competitively..
Now let me explain that to you:
A bag of Dangote cement sells for 1500 Naira.
When the dollar was 160 Naira, that bag of cement was equal to $9.
At the new rate of 215 Naira, that same bag of cement is now equal to $7.
That means if Dangote wants to sell his cement in Albania, he has a better price point than he would have had 5 months ago.

Now imagine the Naira is exchanging at 5 Naira to a dollar.
That same bag of cement would now be equal to $300. Where on planet earth would he be able to sell his bag of cement at that price??

Any country that desires to produce and export to the rest of the globe, prays for a weaker currency to allow its goods better pricing amongst competitors. If Buhari understands economics, he will never pray for a very strong Naira except of course he wants us to keep importing everything!!

Omooba77:


This is economy jargon,ask jarus

He has done it b4 and this will not be an exception.

fallout87:
That is one of the stupidest utterances in this election if it is true.

Does this Buhari not understand inflation? He obviously doesn't understand a thing about GDP or the economy...

[b]In the land of "Jon" located at the city of "athan"so much people suffered from a disease called "corr"which broke out from the river called river "uption"this disease killed so many people living in that city but their king called king "stea"L of the "ing"kingdom do not even know what to do but he had to consult a friend of his who is also a king of another city called "clue"from the tribes of "less",he told his friend the problem he is facing in his own city and his friend told him that they should consult the gods of "bu"in the "hari"shrine ,"bu"revealed to them that they can stop the disease of"corr"which was caused by river"uption" he said they need to perform a sacrifice of "dis"to the tribes of "ci" in lake "pline","bu"also revealed to them that they should consult a spiritual priest named "inte"who hails from the city of "grity"he said the priest is the one to do the rituals, the king obeyed the instructions and there after all the people of the land of "jon"in the city of "athan finally"got saved after "Bu"of the greatest "hari"answered their prayers,...everyone in that city was happy that they were saved from the disease of "corr"caused by the river "uption"...so that was how the people of the city of "athan"choosed the gods of "Bu"and decided to worship at the "hari"shrine so that they can continue to have a better life,even the king worshipped "bu"of the "hari"kingdom and begged him to take control of the city so that they can continue to live a very better life.....





Wakacome[/b]

PapaBrowne:


Are you serious Your speech just gave you off as someone who lacks complete understanding of Economics>

you are the one that don't, Ged measures of tackling inflation was poor.

Princecalm:
He has done it b4 and this will not be an exception.

Done what? My friend sit down and educate yourself! This man has never dealt with economic world crisis or the severe deflation of national currency.

The man can't even tell you one way he would go about doing this.

You can't as well. Smh, my people die because of IGNORANCE.

PapaBrowne:


Are you serious Your speech just gave you off as someone who lacks complete understanding of Economics>

Are you telling us that you would rather the naira continue to lose value relative to the dollar instead? Don't just make Stu.pid statements all coz you supprt Gudluck. Use your brain for once!

Princecalm:
He has done it b4 and this will not be an exception.

Oga,please dont tell me rubish sir,1983-1985 is not today,go and check records and compare,dont be blinded by sentiment.Check Euro vs dollar ,you will graps what is really happening .

This oga don come again. That's how he said he would stabilize oil price.

How did he say he would do this one?

He has started again oooo.....He's yet to tell us how intends to unilaterally stabilize global oil prices.

Only if you believe this woman, then you can take Buhari serious on this issue.

I'm sorry but where did the OP get the topic from in that article?

Lolz . . . .Did he really say that ? . . . . .

Just the same way he made cow and goat business more lucrative than crude oil and gas business.

Mumu old man who can't remember the meaning of APC.

He can't even remember the name of his vice!!!!...

Buhari will never cease to amaze me
That's what happens when a semiliterate handles d mic
From stabilizing oil prize to this

fallout87:


Done what? My friend sit down and educate yourself! This man has never dealt with economic world crisis or the severe deflation of national currency.

The man can't even tell you one way he would go about doing this.

You can't as well. Smh, my people die because of IGNORANCE.

why should he tell u the way he will go about it in the first place, yours is to sit and watch how the economy turns around.

Omooba77:


Even Japan,China can not achieved this

Don't mind him
Like buhari like follower

[size=15pt]Illiteracy is a disease. This man is a joke. Buhari is better off caring for his cows in Daura, I swear.

Previously, he claimed he would stabilise oil prices. Now, he would make the naira equals a dollar.

No wonder APC hawks are shielding him from debate.[/size]

Hmm, someone needs to be smacked on the buttock, he has indeed lost touch with reality.

GEJ has no reason not to win in this election, maybe, a more qualified candidate will emerge in 2019.

Opposition should not lose a sleep either, we need them to keep the government on their heels. We will surely vote for their senators.

Na so e be and na so, e go be!

Omooba77:


Oga,please dont tell me rubish sir,1983-1985 is not today,go and check records and compare,dont be blinded by sentiment.Check Euro vs dollar ,you will graps what is really happening .

for sure and that why you need to amend and make changes as things around you do and not just by following a one way policy. GED never came up with something new.