4Play:


My friend, instead of hyperventillating here, let's examine the underlying premises of your post:

1) Pro-GEJ stance is primarily an Igbo phenomenon, therefore, it stands to reason that Buhari is likely to triumph
2) Buhari will fix our problems including the depreciating Naira value

If those 2 premises above are correct, surely this prediction that Naira will fall significantly in 12 months time is completely misguided and there is no cause for alarm?

arsetalks:
Do you mind telling us which country's currency has crashed so significantly against the dollar like the naira has done?

achemedez:
GOD, pls let BUHARI be our nxt president
Lyk seriously W̶̲̥̅̊ε̲̣̣̣̥'re tired of this ibo biz man

jbl007:
All I see is ur 'gorodom-bellied' fada kicking u out of his house...Akindanidani!

Kryx:
It is only Buhari that can reverse that statement with time.

Thus, Naira to rise $263 per Naira over the 12 next months (ie N1 = $263)

Sia Buhari

Burger01:

Don't also forget my garri will be your garri

remsonik:
Dollar will enter 300 naira before the end of this year if care is not taken

bushdoc9919:


Whoever is in charge of CBN now should be advocating savings galore. And should be watching over our dollars savings like a hawk.

Ishilove:

Your semo my semo

arsetalks:
Guy where did I mention Buhari here? And when I said igbo support GEJ isn't that a fact? They are the ones religiously supporting him for sentimental reasons.

And yes, I believe Buhari is capable of fixing the economy, but will he win? I think he should but he won't because of rigging. Or if he wins, he won't rule cos he won't be allowed - GEJ's spokesmen have alluded to this many times.

Owliver:
Russian rubble. Even Euro is getting a good percentage hit right now cos of greece and no one is killing their president. Right now its 199 to a dollar, with the way oil is close to 38$ it won't stay deeper, OPEC not reducing production is to make smaller producers pack up and price would go back higher possible not over 100$ sha, but atleast naira would have strength back. 263 might not even click its only a "speculation"

arsetalks:
The Russian Rouble on February 18 was 63.5 to a dollar, it is 59 to a dollar currently. How is that significant compared to the crash the naira has experienced in the same period.

4Play:


My friend, instead of hyperventillating here, let's examine the underlying premises of your post:

1) Pro-GEJ stance is primarily an Igbo phenomenon, therefore, it stands to reason that Buhari is likely to triumph
2) Buhari will fix our problems including the depreciating Naira value

If those 2 premises above are correct, surely this prediction that Naira will fall significantly in 12 months time is completely misguided and there is no cause for alarm?

bushdoc9919:


There is cause for alarm...because regardless of who wins in 2015....neither of them has any idea on how to fix this. Instead....we hear the same old ''I will build roads'' campaign....which means more money....which means the savings account gets raided over and over.

That is why I do not like PDP or APC. We are on the verge of economic crisis....and all they can chatter about is tribe, religion, and other inane things.

Really....the solution here is simple.

1.Prices are going to be raised....which means no more subsidy.

2.There is going to be seat-belt tightening. Everyone will suffer.

PDP really should take much of the blame here. Since 1999...they have failed to get us off our resource dependency. Which is why we are here today. Because oil dependent countries always get into trouble when the oil price drops.

Sept. 30 (Bloomberg) -- Nigeria’s main opposition party said it will scrap the country’s sovereign wealth fund and a separate excess crude account if it wins elections in February.

“We’re going to put a stop to them,” Lai Mohammed, a spokesman for the All Progressives Congress, or APC, said in an interview in London yesterday. “The sovereign wealth fund and the excess crude account are illegal.”

The $1.5 billion sovereign wealth fund, called the Nigeria Sovereign Investment Authority, was started in 2011, with the ruling People’s Democratic Party saying the country needed to save money for future generations. The Excess Crude Account, which stands at $4.11 billion, is used by the government to cover shortfalls in its budget and give foreign investors comfort the state can guard against a fall in the value of the currency.

Foreign investors closely monitor the excess crude account, which has helped attract high portfolio flows to Nigeria in the past two years, according to Esili Eigbe, Lagos-based head of West African research at Exotix, a frontier markets investment bank.

“Part of the reason you’re seeing a push for Nigeria is because of some of the shock absorbers,” such as the account that holds oil earnings above a budget benchmark, he said in a telephone interview. “You have to look at this in the context of the household. The household without savings is vulnerable to swings and shocks.”

lovat:
During election periods in Nigeria there ia always a rise in dollar because of politicians and their sharing things and also a lot of people are travelling out. This election is not diffrent from others but this one happened when there is a fall in crude prices and the polity being heated by thhe opposition with their lies and propaganDa which scares investors and potray Nigeria in a bad light.

Kryx:
It is only Buhari that can reverse that statement with time.

Thus, Naira to rise to $263 per Naira over the 12 next months (ie N1 = $263)

Sia Buhari

arsetalks:
The Russian Rouble on February 18 was 63.5 to a dollar, it is 59 to a dollar currently. How is that significant compared to the crash the naira has experienced in the same period.

babestella:
Our Naira will pick up after the general elections. Why do I say this? As soon as the general elections are concluded peacefully, our Naira will appreciate because investors will start bringing back their money into the system. Right now, every reasonable investor is pulling out of the Nigerian market for fear of total breakdown of law and order and possibly war after the elections. So tell me if you are a foreign investor who has 100 million dollars in the Nigerian market, will you keep the money in Nigeria and allow war to strangulate your investments?
So that said, as soon as the elections are over we will have some fresh air regards our Naira strength.
If campaigns had been conducted peacefully without all these hate speeches which created tension in the Country, we might not be this bad today.

Secondly, the other factor is crude oil price which is no fault of anyone in Nigeria so don't blame GEJ for anything here and for FYI, GMB would also not be able to fix nothing.

Thirdly, instead of fighting on NL everyday, go and look for a business to start if you are yet to get a job. Stop waiting for government job. You can learn how to manufacture few household items, you can learn a skill and start something today and you'll be surprised how people will come on board to invest in that little business of yours. In the next 10 year you'll see where you would be.

So lets stop all this rants and having false hope in anyone, the greatness is inside of us not in our leader, but we are too lazy and afraid to explore and venture.

Abeg youths please think.....

Thank you.

shikaan:
.y'all should chill!! buhari is coming. he will make it N30 to $1

shikaan:
.y'all should chill!! buhari is coming. he will make it N30 to $1

Rexnegro:

As much as I want buhari for aso rock , pls enlighten me how him want take achieve $1 to #30 ? It will come down cos he gat brain than mr otuoke but not 1dollar to 30naira....

babestella:
Our Naira will pick up after the general elections. Why do I say this? As soon as the general elections are concluded peacefully, our Naira will appreciate because investors will start bringing back their money into the system. Right now, every reasonable investor is pulling out of the Nigerian market for fear of total breakdown of law and order and possibly war after the elections. So tell me if you are a foreign investor who has 100 million dollars in the Nigerian market, will you keep the money in Nigeria and allow war to strangulate your investments?
So that said, as soon as the elections are over we will have some fresh air regards our Naira strength.
If campaigns had been conducted peacefully without all these hate speeches which created tension in the Country, we might not be this bad today.

Secondly, the other factor is crude oil price which is no fault of anyone in Nigeria so don't blame GEJ for anything here and for FYI, GMB would also not be able to fix nothing.

Thirdly, instead of fighting on NL everyday, go and look for a business to start if you are yet to get a job. Stop waiting for government job. You can learn how to manufacture few household items, you can learn a skill and start something today and you'll be surprised how people will come on board to invest in that little business of yours. In the next 10 year you'll see where you would be.

So lets stop all this rants and having false hope in anyone, the greatness is inside of us not in our leader, but we are too lazy and afraid to explore and venture.

Abeg youths please think.....

Thank you.