ndcide:
Had Buhari attended the NEDG debate, Campaigns would have ended that day.

Nigerians, Let's not do this to ourselves. Vote wisely

Vote GEJ.

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...

Demdem:


Fool, am here now...............show me where Buhari stated such as against what the PDP Paper claimed he stated.

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

OrlandoOwoh:

If we are to go by the debate, Jonathan will lose. He messed up himself and the PDP by reading from a paper in the debate.

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

agabaI23:
The same grade as "I stabilize global oil price"

He allowed the naira to depreciate by 20% from 76k to 89k to $1 and it is now that he will make naira equal to a $1. Someone tells me he is sincere?
Jmain, Jmaine, Firefire, anonimi, sweet ellechrystal, Whynotthetruth, Kenai dein77, barcanista eeee make una come ooooo Buhai is at it again

PapaBrowne
post=31930454:


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!!

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

zendy:


Don't mind Buhari. The man has no agender for Nigeria. He thinks the Nigerian economy is the same as rearing cattle? Will he wave a magic wand and command the Dollar to be at per with the Naira? Does Buhari realise the seismic shift needed in economic policy to peg a countries currency one to one with the Dollar? This is a man who only talks about what he will do when he comes to office but not how he will do it. These are not military times and Buhari is an outdated specie.

PapaBrowne:


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!!

barcanista:
Buhari seem not to understand basic economics, otherwise he wouldn't utter such rubbish.

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

Truckpusher:
Peppyluv, come and see o.

Are you seeing what ayam seeing ?

Your boyfriend Buhari is at it again.

Chai!

OrlandoOwoh:

Rubbish! Didn't he do it between 1984 and 1985? Didn't Ghana do it recently? The Ghanaian Cedi which used to exchange for some hundreds, if not thousands, to the dollar, is now almost equall. Didn't Chukwuma Soludo try to do it?

ibietela2:


You won't see any of them here..... berem, demdem, egift

ojialo:
Chai! You are finished economically

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.

ndcide:


All candidates in the debate were given journals to write on. the problem with you and your ilks is that you keep listening to only yourselves. open up your mind.

TheGoodJoe:


Are you saying Professor Soludo doesn't know simple Economics too?


The Central Bank Governor, Charles Chukwuma Soludo, recently unveiled a plan to revert the naira to its pre-1986 value. Prof. Soludo said among other thing that #20 will become the country's highest denomination against #1000 which is currently the highest. Doing this will put the naira at about #1.25 to American (U.S) dollar and invariably transform the naira into a world class currency, and become West African's common currency by 2009.
http://www.nigeriavillagesquare.com/articles/hakeem-babalola/redenomination-or-redomination-give-soludo-a-chance.htm

ibietela2:


The only thing you do best is ABUSE

Kokopos:
This shows that the people's General is a stack illiterate. A nonentity in respect to country's economics.

egift:

@ibietela2:
Will you shut that hole in your face. How does the quote below imply making Naira=Dollar?

This is exactly the sharia propaganda and PDP believe that repeating it will make it truthful. As 2015 Failure slap Jonathan down to Bayelsa, your desperation is overflowing its bounds.

Peppyluv:
Hmmm after soaking garri,I slept off
This is serious..
Then I'll keep my 20 dollars and change it when he becomes president in his dreams......

Omooba77:
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