-- It means Those Naira Notes In your Wallet,Pockets, or in Your Bank Account has Move some steps Closer to being Mere Pieces of Paper.

-- It means You need more Money to Care for your Daily needs, You Need More of those Pieces of Papers to Meet Ends Need.

-- It Means the STANDARDS for You to Cross the line of Poverty (and be Categorized as Average living) are Further RAISED. So You better try to earn more of those Currency if Not you will be Engulfed by the Tide of the Poverty Line.

-- It means the Number of people Living Below a Dollar per Day will Increase..because Now even if a person Survives By N168 you still fall Under that Category.

-- It means You Most hold more Naira for You to Buy That KPOMO, GARRI, BREAD, RICE, MAIZE, And if you STILL DIDNT GET IT

-- It means that Plate Of AKPU, POUNDED YAM, JELLOF RICE, OR GARRI with EGUSI SOUP that You always BUY from MAMA PUT will Increase.

So Take NOTE and Fasten Your Belts.

You should have equally made it known to your audience that now is a good time for those creative hardworking men and women in Aba and other cities that produce those shoes, belts, weavons etc that are exported to African countries. If not for laziness and over dependence on government's welfare, you should have noticed the positive sides too.

warrior01:
You should have equally made it known to your audience that now is a good time for those creative hardworking men and women in Aba and other cities that produce those shoes, belts, weavons etc that are exported to African countries. If not for laziness and over dependence on government's welfare, you should have noticed the positive sides too.

Gbam

I like the way you tried to infuse humour into a rather disturbing issue.

Am exempted, because in times of scarcity, I shall live in plenty.

I am now so motivated by this news today.

I must increase my earnings in dollars.

In every difficulties, lie opportunities

I have seen this vision already.

I know things will be tough this season, the worst the country have ever experienced since 1960.

I posted this on my FB wall some weeks ago.


Those shouting how will it affect wheel barrow pushers, over to ya all.

Hmmm

make we dey see

hmmmm

It is time to go into production using locally sourced raw materials....
It is also time to export Nigeria from abroad and invest as it will buy more.
it is time to corner the market in area where foreign goods dominate.
It will be time to go into agriculture and food processing of native food.

Every situation is an opportunity for those keen on making it

Man must survive

The op seems to have learned more from the replies to his post than he attempted to bring to us from his post. He really did not know too much about the issue.

The post was very close to cheap, old and familiar doom-saying.

That's why I like nairaland. information eventually pours in.

was going to pass by but was impressed by some of the informed replies.

EzePromoe:
The devaluation of the naira is something that was bound to happen. It's unfortunate that all these while we've solely depended on crude oil and now that the black gold has lost its value, what were you expecting next? Point of correction OP, that the naira was devalued doesn't really mean that the price of every goods will go high. That can only be determined by the inflation rate. That is to say that garri will still sell at same price even if naira falls to 200/dollars.

Halleluyah! If garri price remains the same then no need to bother. Naira devalue ko? Naira valve ni

kmariko:
It is time to go into production using locally sourced raw materials....
It is also time to export Nigeria from abroad and invest as it will buy more.
it is time to corner the market in area where foreign goods dominate.
It will be time to go into agriculture and food processing of native food.

Every situation is an opportunity for those keen on making it

Its time to produce and sell our local technology.

warrior01:
You should have equally made it known to your audience that now is a good time for those creative hardworking men and women in Aba and other cities that produce those shoes, belts, weavons etc that are exported to African countries. If not for laziness and over dependence on government's welfare, you should have noticed the positive sides too.

You are one of the wicked pinheads on earth. What a useless and heartless statement (If not for laziness and over dependence of *Nigerians* on government's welfare) you made up there! What dependence are you talking about? You are one of the people that has indirectly left Nigeria in her shameful state by picking on innocent and hardworking Nigerians who are living without basic social infrastructures but choose to ignore the useless people in government(from Mr president to State governors) that spends 80% of d budget on themselves.

As much as you are trying to portray this new development-devaluation as a good thing, please, leave hardworking Nigerians out of it and focus your attention on how these Nigerians' collective resources is being spent by the useless people in government on their personal needs.

Please, come to US or Western world-EU to see what "LAZINESS AND DEPENDENCE ON GOVERNMENT'S WELFARE IS" despite the fact that the citizens in these countries are given excellent basic social infrastructures.....................

Na we wey dey deal in mini importation na we dey suffer am pass

nickxtra:
Am exempted, because in times of scarcity, I shall live in plenty.

where will the plenty comes from...ridiculous religionists, may be your sky daddy will come down to hand you cash for ur daily up keeps

Tokunbohkinibig:


You are one of the wicked pinheads on earth. What a useless and heartless statement (If not for laziness and over dependence of *Nigerians* on government's welfare) you made up there! What dependence are you talking about? You are one of the people that has indirectly left Nigeria in her shameful state by picking on innocent and hardworking Nigerians who are living without basic social infrastructures but choose to ignore the useless people in government(from Mr president to State governors) that spends 80% of d budget on themselves.

As much as you are trying to portray this new development-devaluation as a good thing, please, leave hardworking Nigerians out of it and focus your attention on how these Nigerians' collective resources is being spent by the useless people in government on their personal needs.

Please, come to US or Western world-EU to see what "LAZINESS AND DEPENDENCE ON GOVERNMENT'S WELFARE IS" despite the fact that the citizens in these countries are given excellent basic social infrastructures.....................

Bros, wetin happen

kmariko:
It is time to go into production using locally sourced raw materials....
It is also time to export Nigeria from abroad and invest as it will buy more.
it is time to corner the market in area where foreign goods dominate.
It will be time to go into agriculture and food processing of native food.

Every situation is an opportunity for those keen on making it

How do you produce using local raw material when you lack industrial productivity. Nigeria lack the basic know how, infrastructure and finances to sustained a strong manufacturing productivity.

How do you corner the market where foreign producta dominated when you can't produce the substitutes. You need all those electricity, skilled man power to produce goods and services that will be competitive with foreign products.


Go into agriculture? agriculture already contributes more to the GDP. What you need is strong mechanized agriculture. where will you get the tractors, farm inputs, processing factories etc when we a very weak currency.

T

BlackTechnology:



Its time to produce and sell our local technology.

how do you developed technology when all Nigeria lack all the basic research centers ?

How do you developed technology in a country of 175million people with only 6000 megawatts of electricity?

How do you developed technology in a country where it is impossible to borrow money from banks?

poeple are just running away from, the truth is that Nigeria lack the leadership, technical labour force, right environment to developed

abdulwastecx:


How do you produce using local raw material when you lack industrial productivity. Nigeria lack the basic know how, infrastructure and finances to sustained a strong manufacturing productivity.

How do you corner the market where foreign producta dominated when you can't produce the substitutes. You need all those electricity, skilled man power to produce goods and services that will be competitive with foreign products.


Go into agriculture? agriculture already contributes more to the GDP. What you need is strong mechanized agriculture. where will you get the tractors, farm inputs, processing factories etc when we a very weak currency.

who told you Nigeria lack industrial productivity and can't produce substitutes? Yes we need electricity to make our goods more cheaper but please, bear it in mind that some of those things you buy in the market with made in China label are actually made here in Nigeria and it is labeled so cos of your types that doesn't even believe in our capabilites but only to sit in one place and critisize; waiting for government to come and even do your thinking for you. Fyi, most of your mates have gone far and are now exporting to African countries . Please, leave your bedroom for once and see what os goibg on out there.

EzePromoe:
The devaluation of the naira is something that was bound to happen. It's unfortunate that all these while we've solely depended on crude oil and now that the black gold has lost its value, what were you expecting next? Point of correction OP, that the naira was devalued doesn't really mean that the price of every goods will go high. That can only be determined by the inflation rate. That is to say that garri will still sell at same price even if naira falls to 200/dollars.

You sound really naïve. Who says the exchange rate is not one of the (if not the most significant factor) factors that influence inflation. If more naira is needed to import a particular good (sadly, this economy is import/consumer based and our balance of trade figures are not looking pretty) then more would be needed by the consumer to purchase such good since the importer has to maintain his profit margin. And when more and more money is needed to buy one particular product, what do you call such a trend

abdulwastecx:


How do you produce using local raw material when you lack industrial productivity. Nigeria lack the basic know how, infrastructure and finances to sustained a strong manufacturing productivity.

How do you corner the market where foreign producta dominated when you can't produce the substitutes. You need all those electricity, skilled man power to produce goods and services that will be competitive with foreign products.


Go into agriculture? agriculture already contributes more to the GDP. What you need is strong mechanized agriculture. where will you get the tractors, farm inputs, processing factories etc when we a very weak currency.

If you are speaking on a personal basis that's okay as some are cut out for different traits and trade in life. A lot of Nigerians who are making things do not care about those "seeming limitations" you are alluding to. We simply go on doing what's needs to be done to get our products to market.

Its all about talking the first step and improve as you move along

abdulwastecx:


how do you developed technology when all Nigeria lack all the basic research centers ?

How do you developed technology in a country of 175million people with only 6000 megawatts of electricity?

How do you developed technology in a country where it is impossible to borrow money from banks?

poeple are just running away from, the truth is that Nigeria lack the leadership, technical labour force, right environment to developed

While your mates are seeing opportunities, you're still looking for excuses. Smh

EzePromoe:
The devaluation of the naira is something that was bound to happen. It's unfortunate that all these while we've solely depended on crude oil and now that the black gold has lost its value, what were you expecting next? Point of correction OP, that the naira was devalued doesn't really mean that the price of every goods will go high. That can only be determined by the inflation rate. That is to say that garri will still sell at same price even if naira falls to 200/dollars.

Correct. Not all goods would be affected by price increase. Those of imported goods and products which are produced locally with imported raw materials will increase. Time to think entrepreneurship, export and patronage of locally manufactured goods. More positives than negatives though. Salary earners would need to get pay rise.

blizard44:



Bros, wetin happen

That statement hurt me so much bro cos I know how hardworking Nigerians are. The last tym I came to Nigeria which was around April, I saw how Nigerians are struggling to survive on the streets of Lagos right from the airport down to my home state and it is painful to see someone calling these resilient and hardworking Nigerians "LAZY PEOPLE".

Bring US and EU citizens to Nigeria to live for 3 months and I can assure that they would be a genocide case in Hague.............

Tokunbohkinibig:


That statement hurt me so much bro cos I know how hardworking Nigerians are. The last tym I came to Nigeria which was around April, I saw how Nigerians are struggling to survive on the streets of Lagos right from the airport down to my home state and it is painful to see someone calling these resilient and hardworking Nigerians "LAZY PEOPLE".

Bring US and EU citizens to Nigeria to live for 3 months and I can assure that they would be a genocide case in Hague.............

Hian!
oooO!


Take it easy abeg. It's too short a life to trynna beat someone out of the ignorance he will never agree to flee from.