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Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! - Politics (2) - Nairaland

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Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by OFFICIAL336: 11:57pm On Jan 30, 2016
Alikote:
u are daft ...major dollar earner for nigeria is down by 80 percent and u expect naira to be same in value...if pdp goverment left a reserve like 64 billion dollar like obansanjo did we will not be in the mess ..we for manage till it get back to 70 dollar or diversify our economy...bush man all commodity dependant countries with poor forex reserve have devalue...ghana.southafrica..zambia..malaysia abi na buhari be there own president
When your brothers were busy blowing themselves up, do u think GEJ stole weapons used by our gallant forces? When your brothers refused to go to school, do you think the almajiri schools were built with leaves? The refurbished refineries, do you think the payments were made with Naira? Your brother that handed over to GEJ, did he made any provision in his 7 points agenda to diversify the economy? A Zombie will always find someone to blame. Anyway, we don't expect any meaningful contribution from a Zaniod.

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Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by temblor(m): 12:39am On Jan 31, 2016
I can't seem to recall. Is it #1K=$1 or #1=$1 that PMB promised?
Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by Nobody: 8:29am On Jan 31, 2016
OFFICIAL336:

When your brothers were busy blowing themselves up, do u think GEJ stole weapons used by our gallant forces? When your brothers refused to go to school, do you think the almajiri schools were built with leaves? The refurbished refineries, do you think the payments were made with Naira? Your brother that handed over to GEJ, did he made any provision in his 7 points agenda to diversify the economy? A Zombie will always find someone to blame. Anyway, we don't expect any meaningful contribution from a Zaniod.
gej no steal weapon money na grandnut money he steal..dauski was sharing grandnuts and garri to metu.falae.ait..thisday and other..refurbished refinary but stilled paid 1 trillion in dubious subsidies..hand over to who that was decribed as a infetual ...by ecomomic magazine with a fake phd and illitrate wife..ipob brain am not suprised cursed people what project gej in east. Niger bridge is still there not done
Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by grandstar(m): 8:34am On Jan 31, 2016
Alikote:
u are daft ...major dollar earner for nigeria is down by 80 percent and u expect naira to be same in value...if pdp goverment left a reserve like 64 billion dollar like obansanjo did we will not be in the mess ..we for manage till it get back to 70 dollar or diversify our economy...bush man all commodity dependant countries with poor forex reserve have devalue...ghana.southafrica..zambia..malaysia abi na buhari be there own president

When OBJ left $64b in the reserves, this did not prevent the naira from sliding from 120 to 150 when the price of oil collapsed from $147 in 2008 to $35 in 2009.

The proper way to manage your currency is to allow market forces to determine it. The market is signaling a devaluation but Buhari is against it. This the naira is underpriced at the official market, this has led to excess demand of $1.5b weekly, which the government clearly can not meet. The excess now turns to the black market shooting up the rates there to 306.

Until the naira is devalued officially, the archaic forex management by Buhari will continue to wreck the economy

1 Like

Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by OFFICIAL336: 8:38am On Jan 31, 2016
Alikote:
gej no steal weapon money na grandnut money he steal..dauski was sharing grandnuts and garri to metu.falae.ait..thisday and other..refurbished refinary but stilled paid 1 trillion in dubious subsidies..hand over to who that was decribed as a infetual ...by ecomomic magazine with a fake phd and illitrate wife..ipob brain am not suprised cursed people what project gej in east. Niger bridge is still there not done
Thank God u know it was your brother that sabotaged the North. GEJ spent so much trying to boost education up north, but unfortunately u refused to take advantage of that. Good, am from the East cos the creations SE and SS are frauds. You are Zanoid, goodluck with that.

1 Like

Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by Nobody: 8:49am On Jan 31, 2016
grandstar:


When OBJ left $64b in the reserves, this did not prevent the naira from sliding from 120 to 150 when the price of oil collapsed from $147 in 2008 to $35 in 2009.

The proper way to manage your currency is to allow market forces to determine it. The market is signaling a devaluation but Buhari is against it. This the naira is underpriced at the official market, this has led to excess demand of $1.5b weekly, which the government clearly can not meet. The excess now turns to the black market shooting up the rates there to 306.

Until the naira is devalued officially, the archaic forex management by Buhari will continue to wreck the economy
stories ..120 to 150 was a 20 percent devalution cos the reserved help but..160 to 305 that 90 percent but our reserve are low..1.5 billion dollar per week demand is uncessary cos they use it to import toothpicks.tintomatoes.fish chicken rice cooking oil textile petrol papers we can produce the above locally learnt to eat .wear produce in nigeria items we dont need to go oversea to study socilogy let repair our universities and hospital so elite will treat malaria locally..it time to think inward.and forget imf and other agent of devaluation .the once done since 1980 was the advantage to nigerians ..notting

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Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by Nobody: 8:55am On Jan 31, 2016
OFFICIAL336:

Thank God u know it was your brother that sabotaged the North. GEJ spent so much trying to boost education up north, but unfortunately u refused to take advantage of that. Good, am from the East cos the creations SE and SS are frauds. You are Zanoid, goodluck with that.
gej has some achievement ..like new universities..minimum wage and airports upgrade and rail ways..but what did he do to east ipob land ..aleast south south have east west road and amnesty programme pls tell me one project in ipob land that they want to commit suicide on gej behalf
Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by grandstar(m): 8:58am On Jan 31, 2016
Alikote:
stories ..120 to 150 was a 20 percent devalution cos the reserved help but..160 to 305 that 90 percent but our reserve are low..1.5 billion dollar per week demand is uncessary cos they use it to import toothpicks.tintomatoes.fish chicken rice cooking oil textile petrol papers we can produce the above locally learnt to eat .wear produce in nigeria items we dont need to go oversea to study socilogy let repair our universities and hospital so elite will treat malaria locally..it time to think inward.and forget imf and other agent of devaluation .the once done since 1980 was the advantage to nigerians ..notting

Your economics is woeful!
Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by Nobody: 9:04am On Jan 31, 2016
Alikote:
u are daft ...major dollar earner for nigeria is down by 80 percent and u expect naira to be same in value...if pdp goverment left a reserve like 64 billion dollar like obansanjo did we will not be in the mess ..we for manage till it get back to 70 dollar or diversify our economy...bush man all commodity dependant countries with poor forex reserve have devalue...ghana.southafrica..zambia..malaysia abi na buhari be there own president

If pdp government, if pdp government. After almost one year in power, you guys are still blaming pdp.

Apc should get to work and make their own money, enough of the if pdp government did this or that. Apc knew the situation of things and opened their mouth to make false promises, now they can't fufil their so called change policies, they blame pdp.

Well, this is the result of aisha's jellof rice. Lots of zombies with their brain fried by aisha's rice have been unleashed with one objective which is blame pdp, if buhari farts, blame pdp.

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Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by Nobody: 9:09am On Jan 31, 2016
grandstar:


Your economics is woeful!

its not urs is paper economics devalution is good for export dependant countries like china japan and germany .but hurt import dependant countries like nigeria to add salt to injury our imports are uncessary how can nigeria use forex to import rice petrol.chicken toothpicks etc forex should be used to import machinary and chemical for production and we have jobs in nigeria..go to black market those requesting dollar are importer of textile chicken and money lundarer chinese wanting to convert proceed from sale of contraband textile to dollars and send bk to china..major companies like dangote.nigeria beweries get forex from cbn cos they are into real manufacturing not importing toothpick..

1 Like

Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by Nobody: 9:16am On Jan 31, 2016
gboss4sure:


If pdp government, if pdp government. After almost one year in power, you guys are still blaming pdp.

Apc should get to work and make their own money, enough of the if pdp government did this or that. Apc knew the situation of things and opened their mouth to make false promises, now they can't fufil their so called change policies, they blame pdp.

Well, this is the result of aisha's jellof rice. Lots of zombies with their brain fried by aisha's rice have been unleashed with one objective which is blame pdp, if buhari farts, blame pdp.

we are recovering loots from metu.dasuki badeh thisday obanikoro abacha and blocking loop holes inother to have enough finance to execute the 600 trillion budget..biggest in nigerias history
Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by OFFICIAL336: 9:21am On Jan 31, 2016
Alikote:
gej has some achievement ..like new universities..minimum wage and airports upgrade and rail ways..but what did he do to east ipob land ..aleast south south have east west road and amnesty programme pls tell me one project in ipob land that they want to commit suicide on gej behalf
Am from the so called SS and I can swear that GEJ did more for the SE than SS. I don't need to name them cause it will only make me question if he is really from SS.
Am impressed with the kind of work GEJ did on the East-west road, he changed the face of that death trap and built a new bridge over the Mbiama river. Point of correction, Amnesty was a policy initiated by Yaradua.
Lemme list some of his work in the SE:
1. Innoson Motors
2. Anambra becomes an oil producing state (his greatest achievement)
3. State burial for Ojukwu
4. Ihejirika, COAS
5. Federal University, Ebonyi
6. Enugu-Onitsha express way
7. Aba- Enugu express way
8. Key Federal appointments (SE occupied more sensitive position than in previous administrations)
9. Visited SE more than any SS state aside Bayelsa
10. 2nd Niger bridge
11. Int'l airport, Enugu
12. E.t.c
Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by grandstar(m): 9:43am On Jan 31, 2016
Alikote:
its not urs is paper economics devalution is good for export dependant countries like china japan and germany .but hurt import dependant countries like nigeria to add salt to injury our imports are uncessary how can nigeria use forex to import rice petrol.chicken toothpicks etc forex should be used to import machinary and chemical for production and we have jobs in nigeria..go to black market those requesting dollar are importer of textile chicken and money lundarer chinese wanting to convert proceed from sale of contraband textile to dollars and send bk to china..major companies like dangote.nigeria beweries get forex from cbn cos they are into real manufacturing not importing toothpick..

Do you realise millions of Nigerians make a living from imported products. Over 200,000 Nigerians make a living selling okrika. Imported fabrics is estimated to employ 1m Nigerians. What of wheat imports used for making flour? Do you buy bread,chin chin or puff puff?

Imports provide livelihood for at least 10m nigerians. So banning these so called luxuries is counterproductive. And anyway, if they are banned, they simply smuggle them im

You state that scarce forex should be used to import machinery and chemicals. Its not as simple as that. Even "genuine" importers are complaining that government is not giving them enough forex. For instance a Keke Marwa manufacturer had to close shop because of lack of forex.
Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by Nobody: 9:43am On Jan 31, 2016
OFFICIAL336:

Am from the so called SS and I can swear that GEJ did more for the SE than SS. I don't need to name them cause it will only make me question if he is really from SS.
Am impressed with the kind of work GEJ did on the East-west road, he changed the face of that death trap and built a new bridge over the Mbiama river. Point of correction, Amnesty was a policy initiated by Yaradua.
Lemme list some of his work in the SE:
1. Innoson Motors
2. Anambra becomes an oil producing state (his greatest achievement)
3. State burial for Ojukwu
4. Ihejirika, COAS
5. Federal University, Ebonyi
6. Enugu-Onitsha express way
7. Aba- Enugu express way
8. Key Federal appointments (SE occupied more sensitive position than in previous administrations)
9. Visited SE more than any SS state aside Bayelsa
10. 2nd Niger bridge
11. Int'l airport, Enugu
12. E.t.c
second niger bridge has been completed abi na commission u dey call achievement..visting is also acheivement..appointment is a personal thing abi amry chief give u contract...innoson is a bussiness not goverment company..university is only good thing on your list
Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by otokx(m): 9:46am On Jan 31, 2016
God Bless Nigeria

We should stop importing everything especially food.

In the shortrun let's consume made in Nigeria goods e.g. Nasco cornflakes instead of kellogs.
Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by Nobody: 9:47am On Jan 31, 2016
Alikote:
we are recovering loots from metu.dasuki badeh thisday obanikoro abacha and blocking loop holes inother to have enough finance to execute the 600 trillion budget..biggest in nigerias history

You mean recovering un-existing loot in the media?

There has never been a single evidence of loot recovery apart from the noise in the media which is well ochestered to keep people away from the main issue on ground which is the bad state of the economy.

The past president has come out to say that he didn't approve any 2.1 billion abi million arms deals, it's now left for buhari and co to prove that he approved it of which they haven't done so.

Na una sabi where the 2.1 money arm deal came from since it wasn't approved by the former president.
Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by OFFICIAL336: 9:56am On Jan 31, 2016
Alikote:
second niger bridge has been completed abi na commission u dey call achievement..visting is also acheivement..appointment is a personal thing abi amry chief give u contract...innoson is a bussiness not goverment company..university is only good thing on your list
Aren't you tired of being a Zombie? Or do they pay people to become a Zanoid? Research how Innoson benefited from GEJ's policy, visit the site of the 2nd Niger Bridge and see the stage of the work, appointments are something becos it gave them a sense of belonging, since 1970 till date, only GEJ considered the Igbos worthy of producing a COAS. Quit Zombiesm, it doesn't pay. #Thanks
Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by Nobody: 10:01am On Jan 31, 2016
grandstar:


Do you realise millions of Nigerians make a living from imported products. Over 200,000 Nigerians make a living selling okrika. Imported fabrics is estimated to employ 1m Nigerians. What of wheat imports used for making flour? Do you buy bread,chin chin or puff puff?

Imports provide livelihood for at least 10m nigerians. So banning these so called luxuries is counterproductive. And anyway, if they are banned, they simply smuggle them im

You state that scarce forex should be used to import machinery and chemicals. Its not as simple as that. Even "genuine" importers are complaining that government is not giving them enough forex. For instance a Keke Marwa manufacturer had to close shop because of lack of forex.



i doubt your figures they are imaginary..get a world bank grant to conduct research on the real figures ..but using ur figures the 200 thousand okirka seller should sell made in aba cloths instead plus nigeria wax..u know how many workers dealer cotton famers lost there jobs due to import of okirka how much the fed goverment lost in taxes that will have been collected from local textile manufactures plus imcome tax..do u know kano state have 34 dams and million of hecters of wheath farm ...we dont need to import wheath kano farm if mechanised and patronised commercialized can fill our wheat quota are u aware that the biggest tomato belt in the world is kadawa kano but we are the last importers of tin tomatos from china..dangote just completed a tomato paste company there..are u aware if not for obansajo steadfastness on local cement he wouldnt achieve 100 percent sufficintcly locally employing thousand and paying taxes...uncessary imports hurts ur naira ...we have brains like the chenese utilize it to manufacture small thing like toothpick tin tomato..cloths then we can import planes etc
Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by Nobody: 10:05am On Jan 31, 2016
OFFICIAL336:

Aren't you tired of being a Zombie? Or do they pay people to become a Zanoid? Research how Innoson benefited from GEJ's policy, visit the site of the 2nd Niger Bridge and see the stage of the work, appointments are something becos it gave them a sense of belonging, since 1970 till date, only GEJ considered the Igbos worthy of producing a COAS. Quit Zombiesm, it doesn't pay. #Thanks
meanless responds ipob reasoning am not suprise u dont know about the autopolicy .
Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by DMerciful(m): 12:57pm On Jan 31, 2016
Calling someone daft as if Obj was not president in PDP govt. Who is daft now?
Alikote:
u are daft ...major dollar earner for nigeria is down by 80 percent and u expect naira to be same in value...if pdp goverment left a reserve like 64 billion dollar like obansanjo did we will not be in the mess ..we for manage till it get back to 70 dollar or diversify our economy...bush man all commodity dependant countries with poor forex reserve have devalue...ghana.southafrica..zambia..malaysia abi na buhari be there own president
Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by Nobody: 1:55pm On Jan 31, 2016
DMerciful:
Calling someone daft as if Obj was not president in PDP govt. Who is daft now?
u are double daft..who is talking of political party..we talking of individuals and economic of progress even if na ibo man and apga with soludo as candidate i go support
Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by zurine(f): 3:07pm On Jan 31, 2016
hmm
Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by harbeebtech(m): 3:25pm On Jan 31, 2016
Everyday, Everytime, Everythings are getting spoil in nthis country, the Apc admistrtation stting down fighting corruption why many of them are also corrrupt, End time in this country, May Alymighty Allah see us through in ths country
Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by 989900: 4:10pm On Jan 31, 2016
Refined fuel eats up 30-40% of our forex demands.
Check mate 'excess liquidity' created by the CBN.
Checkmate currency racketeering.
Fix power.
Fix the refineries, and add new ones, even if they are the small modular refineries.


There is no short cut!!!
Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by kaypling(m): 4:35pm On Jan 31, 2016
Always APC vs PDP. Most of you guys are too lazy to think for yourselves. Can anyone say how Buhari caused the naira to fall to where it is today? Can any of you so called critics just mention one reason. I can tell you for sure that it's due to drop in price of oil and our dependence on oil for forex. If Buhari has done anything to cause it apart from that please mention and explain properly
Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by DMerciful(m): 4:41pm On Jan 31, 2016
Go and read your comment i quoted and you will understand why i ask you who's the daft. you mentioned Obj left $60billion in reserve and PDP govt couldnt save like Obj and i asked you was Obj not part of PDP then? yeye dey smell undecided
Alikote:
u are double daft..who is talking of political party..we talking of individuals and economic of progress even if na ibo man and apga with soludo as candidate i go support
Re: Breaking News: Naira At Its Lowest In History...now At 306 Naira To Dollar!!! by Tycoflu(m): 4:59pm On Jan 31, 2016
OFFICIAL336:

Am from the so called SS and I can swear that GEJ did more for the SE than SS. I don't need to name them cause it will only make me question if he is really from SS.
Am impressed with the kind of work GEJ did on the East-west road, he changed the face of that death trap and built a new bridge over the Mbiama river. Point of correction, Amnesty was a policy initiated by Yaradua.
Lemme list some of his work in the SE:
1. Innoson Motors
2. Anambra becomes an oil producing state (his greatest achievement)
3. State burial for Ojukwu
4. Ihejirika, COAS
5. Federal University, Ebonyi
6. Enugu-Onitsha express way
7. Aba- Enugu express way
8. Key Federal appointments (SE occupied more sensitive position than in previous administrations)
9. Visited SE more than any SS state aside Bayelsa
10. 2nd Niger bridge
11. Int'l airport, Enugu
12. E.t.c
Abeg no talk that Enugu- Onitsha road. Of what benefit is state burial or appointment to key positions to the masses. As for the airport, na just roadway that turns to sea during rainy season him do.

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