greatgod2012: Devaluation of our currency is one of the major steps to take to regain the value of our naira.

moshino:

[b]You have too much Naira chasing too few dollars. The only thing you export to earn Dollars is oil. You have huge balance of trade deficit. You have dilapidated/non-existent infrastructure. You do not attract enough foreign investment because of MASSIVE corruption, insecurity, failed educational system that do not provide developed manpower, you waste too much austere capital on ostentatious living rather than on capital investment. And the Nigerian masses rather than DEMAND accountability from their government officials, you worship and hail them after they have stolen you blind and built obscene mansions for themselves, and bought big cars, all with your commonwealth. The problem is YOU, the Nigerian masses, you have NO clue, and you are too docile. You demand NOTHING from your leaders while you call them rulers. They know you are easily satisfied, fooled and distracted, they know you do NOT have the nerve and guts to do anything, so they keep screwing you over and over and over again. It will continue until you wake up and stand up for your rights.[/b]

booqee: you nko?? Pls what have you done to prove otherwise as a nigerian individual?? If nothing, then you're same as the nigerians you're castigating.

moshino:

[b]You have too much Naira chasing too few dollars. The only thing you export to earn Dollars is oil. You have huge balance of trade deficit. You have dilapidated/non-existent infrastructure. You do not attract enough foreign investment because of MASSIVE corruption, insecurity, failed educational system that do not provide developed manpower, you waste too much austere capital on ostentatious living rather than on capital investment. And the Nigerian masses rather than DEMAND accountability from their government officials, you worship and hail them after they have stolen you blind and built obscene mansions for themselves, and bought big cars, all with your commonwealth. The problem is YOU, the Nigerian masses, you have NO clue, and you are too docile. You demand NOTHING from your leaders while you call them rulers. They know you are easily satisfied, fooled and distracted, they know you do NOT have the nerve and guts to do anything, so they keep screwing you over and over and over again. It will continue until you wake up and stand up for your rights.[/b]

amaboss: From time to time, new Naira notes are pumped into the economy, billions of money spent to improve the face of the Naira notes but little attention paid to how to improve the value of the Naira notes. Someone said "Beauty comes from within." The real beauty of the Naira note is not gotten from improving the face. You treasure what you value, so long as the Naira is not valued, new notes will be pumped to persuade people to treasure it.

There was a time Nigeria's currency had the same value as the US Dollar, if not higher. Where did all that go to? Was it not the same Nigerians that handled the economy of Nigeria back then that make it possible? How then is it possible that the Dollar is now over a hundred and fifty times more valued than the Nigerian Naira? Are aliens now controlling our economy? Where we talk of releasing new Naira notes, we should be talking of improving the value of the Naira. Let us all go back to the drawing board and correct where we all got it wrong. There is still hope for the Nigerian Naira.

ms_ogey: You are very silly. Smh. That's how I was at d supermarket today to buy some hair products and while at the counter, d guy infront of me requested a pack of durex. He didn't even do it codedly. I just looked at the guy with scorn. You are very silly. Smh. That's how I was at d supermarket today to buy some hair products and while at the counter, d guy infront of me requested a pack of durex. He didn't even do it codedly. I just looked at the guy with scorn.

manny4life: ^^^

I have to disagree with you, I use discretion by ordering from Amazon.com

jp philips:

discretion for buying rubber? oh! pls, what else do you need discretion for? pissing?

moshino:

[b]You have too much Naira chasing too few dollars. The only thing you export to earn Dollars is oil. You have huge balance of trade deficit. You have dilapidated/non-existent infrastructure. You do not attract enough foreign investment because of MASSIVE corruption, insecurity, failed educational system that do not provide developed manpower, you waste too much austere capital on ostentatious living rather than on capital investment. And the Nigerian masses rather than DEMAND accountability from their government officials, you worship and hail them after they have stolen you blind and built obscene mansions for themselves, and bought big cars, all with your commonwealth. The problem is YOU, the Nigerian masses, you have NO clue, and you are too docile. You demand NOTHING from your leaders while you call them rulers. They know you are easily satisfied, fooled and distracted, they know you do NOT have the nerve and guts to do anything, so they keep screwing you over and over and over again. It will continue until you wake up and stand up for your rights.[/b]

Djtm: smh. Someone once said "Why would a country's currency value be twice yours, I mean two times!". Alas our currency is 160times inferior to a dollar. Smh. I remember the times that if you have 1million naira you'd be considered rich. Now if you don't have a million naira you are poor.

honorsam: Though the naira has had a really bad past which could be attributed to corruption and bad leadership,but it has been showing some improvement and stability lately.What we need is a strong economy which in turn translates to a stable currency.A country's currency is not determined by the strength of its economy alone,thus,relating a country's currency to another at a static period of time is meaningless,the both currencies should be watched over time to come to the conclusion of which is of higher value.Purchasing power and the change in value over time is a very nice indicator to that effect.It is totally wrong to say that the Ghana Cedi for example which exchanges GHS1 for #70 is of higher value than the naira. All hands must be on deck to keep it from falling anymore.

oluboyo04: ki le le yi nwi?

jp philips:

having a strong currency especially against the dollar is not always the right play, it murders local manufacturing, the devalue of the Naira is basically not about its inability to compete with global currencies but its inability to purchase goods, which boils down to inflation.
we don't need a strong Naira as a developing country, what we need is a Naira that can purchase so many goods.

I want one usd to equal 200NGN but let one naira be able to buy me five plates of food, that is the real deal. so that when i export one shoe for 2usd, i have 10 plates of food. that is the ABC of the chinese revolution.