Know2020:
This country is finished!

Let me see the twit that will invoke GEJ. GEJ left office with naira to dollar at 210 and today it's 313. WTF? GEJ inherited naira to dollar from Yaradua at 165, it stayed at this rate +/-15 for 4 yrs, it was only towards the end of 2014 that we began to see fall in naira largely caused by those who are bent on sabotaging his achievements to make sure he doesn't get re-elected. Compare dollar to naira lost in value under GEJ from 165 to 210 within 4-5 yrs span...that's very reasonable. However under Buhari from 210-313 in barely 6 months? This is disastrous...an invitation to anarchy. Same goes for fuel scarcity, there was never a fuel scarcity under GEJ except for his last few months in office, again largely perpetrated by the same very savages who are bent on making sure he never got re-elected.

You noticed how yorubas are quiet all of a sudden? Because their sister Kemi Adeosun is at the helm of the finance. Had this drastic dollar free fall happened under Iweala? Oh lord...they will be calling for her head not even resignation. They are already making excuses for Fashola to downplay the expectations on him...see 3rd topic now on front page. Hypocrites!

grandstar:


Your petty tribalism spoilt a great post.

Soludo and Sanusi have both condemned Buhari's policies. The naira is hitting 400 this year and I am being conservative.

grandstar:


Your petty tribalism spoilt a great post.

Soludo and Sanusi have both condemned Buhari's policies. The naira is hitting 400 this year and I am being conservative.

bigtt76:
Funny how people seem to attribute the fall of the Naira to the current administration despite all revelations showing the unchecked dollarization of the electoral process by the past government.

People seem to have forgotten how the foreign reserve dropped drastically under the past government as well as the importance of the foreign reserve to keeping the sanity of the local currency against their counterpart currencies round the world especially in an economy that thrives solely on imports.

Agreed that PMB and Yemi Osinbajo promised equating the dollar to the naira .....its usually the case when you're not in the system to know the factors. For example in the past regime's handover note, I would believe there was no revelation of how the phantom BDCs were emerging daily in their thousands seeking for new licences, in the note. I also believe the president did not know of this until he was told by the CBN governor.

In essence, we should not expect the mess created over the years to be rectified in less than one year of attaining the position ...haba! Lets all be patient and let 4years lapse before judging.

Note I'm apoliticial here!

Know2020:
This country is finished!

Let me see the twit that will invoke GEJ. GEJ left office with naira to dollar at 210 and today it's 313. WTF? GEJ inherited naira to dollar from Yaradua at 165, it stayed at this rate +/-15 for 4 yrs, it was only towards the end of 2014 that we began to see fall in naira largely caused by those who are bent on sabotaging his achievements to make sure he doesn't get re-elected. Compare dollar to naira lost in value under GEJ from 165 to 210 within 4-5 yrs span...that's very reasonable. However under Buhari from 210-313 in barely 6 months? This is disastrous...an invitation to anarchy. Same goes for fuel scarcity, there was never a fuel scarcity under GEJ except for his last few months in office, again largely perpetrated by the same very savages who are bent on making sure he never got re-elected.

You noticed how yorubas are quiet all of a sudden? Because their sister Kemi Adeosun is at the helm of the finance. Had this drastic dollar free fall happened under Iweala? Oh lord...they will be calling for her head not even resignation. They are already making excuses for Fashola to downplay the expectations on him...see 3rd topic now on front page. Hypocrites!

Ephemmm:
[/s]



^{You forgot to add that Nigerians are still suffering from the dollarization of the economy by your ineffectual buffon who suddenly becomes an ATM dispensing hard currency during the last election.}

Thrash...........

Justinah4real:
One Chance. Very soon 1000naira = 1dollar. Thank me latter.

harmony940:
When a government tries to fight corruption,it surely will fight back very hard,and that is what is happening,the rich have stocked their accounts with millions of dollars,and the central bank of Nigeria restriction is killing them because most of their monies are trapped in the Nigeria bank,with the introduction of the cbn policies regarding foreign currencies. The introduction of the BVN by the central bank is a very good step,because all the accounts with millions of foreign currencies is being monitored.
In addition, as things are unfolding, we should not be surprise to see people being questioned and scrutinized to the later on how they make their so called millions in dollars,euros and pounds.


It will be tough at first but later the Naira will gain its strength when these so called rich thieves are dealt with...What pains me so much is that, it is the poor that surfers the most,is not that the rich don't surfer but the poor swallow all the pills.

Corruption is a rot in the economy,it has gotten to the stage where drastic measure is highly needed. If corruption is gone for good, Nigeria will be one of the best nations in the world.

Know2020:
This country is finished!

Let me see the twit that will invoke GEJ. GEJ left office with naira to dollar at 210 and today it's 313. WTF? GEJ inherited naira to dollar from Yaradua at 165, it stayed at this rate +/-15 for 4 yrs, it was only towards the end of 2014 that we began to see fall in naira largely caused by those who are bent on sabotaging his achievements to make sure he doesn't get re-elected. Compare dollar to naira lost in value under GEJ from 165 to 210 within 4-5 yrs span...that's very reasonable. However under Buhari from 210-313 in barely 6 months? This is disastrous...an invitation to anarchy. Same goes for fuel scarcity, there was never a fuel scarcity under GEJ except for his last few months in office, again largely perpetrated by the same very savages who are bent on making sure he never got re-elected.

You noticed how yorubas are quiet all of a sudden? Because their sister Kemi Adeosun is at the helm of the finance. Had this drastic dollar free fall happened under Iweala? Oh lord...they will be calling for her head not even resignation. They are already making excuses for Fashola to downplay the expectations on him...see 3rd topic now on front page. Hypocrites!

Reference:


You are so ignorant (pardon the honour at this critical juncture) but if you think wealth is what your account reads and poverty is what thieves stole last night, you need it.

Nigeria is broke and vulnerable simply because we are not a productive nation, simple. Steal all you want from a productive person and you will never degrade him to poverty. Give all you want to a lazy bu.t.t and set your stop clock. Stop buying excuses from ignorant folks. Even if one penny is not stolen from government till 2019 (impossible) it will not balance the budget, diversify the economy or liberate us from the yoke of big oil.

'If you love stuff and cannot work them out...', my mother, (God bless her soul) saying to me 25 years ago, '....you are bound to suffer and if you cannot do it, you will pay for getting it done.'.

We are paying heavily in Nigeria for doing little and loving much. Not government, we the people.

amusadele:
No normal being will doubt you except those apc members. Whether they like or not, no matter the degree of lie they will tell, we are face to face with the greatest danger.

vislabraye:


I no fit talk again. People say that 9months is too short for Buhari to effect change. So who should we hold responsible for the rapid fall of Naira ?

monex:


i laughed when i saw that part. I wish peeps can criticize Buhari without praising the ineffectual & clueless GEJ. then i can join in criticizing not the wailing-induced criticism.

meanwhile APC peeps should keep on making excuses for Buhari o. we are watching.

harmony940:


I totally concur with you analysis.However you should see from my own perspective that corruption is Nigeria biggest challenge,fine we have all what it takes to be a big nation,we have the human resources and the resources itself,but still most Nigerians are still lingering in abject poverty.

Believe you me my dear friend,if you are to contest election in your household for a post juicy or not,and you don't give something to your kids,the possibility that you will loose the election in favor of your wife who is ready to give something to your kids is very high,corruption is in Nigeria as become a culture to both the rich and the poor.

Thanks for apologizing after your comment,it is very mature of you.

emiye:


Your analysis is fraudulent, The drop in oil price started from July 2014 from his peak of 117usd/b to 110 , 90, 80, 70, and 65 around december2014, there was so much pressure on the forex due to the drop in oil price, Naira was devaluated officicially from 159 to 198 /usd, it was over 220 at the parallel/black market. Why do you wailing zombies love to lie, and bury your heads in sand like a messed up ostrich.?

The pressure on naira that has led to his current value is 99% directly due to the continuos fall in oil price, price is now 28usd/barrel. If we were under GEJ may be dollar would be 450 naira by now. Get lost with your blind loyalty. Nigerians took a wise decision on March 28, 2015. It is either you are dumb , ignorant or gullible.

zheroes:


you are making sense but you need to add more sense!!! how much was oil which happens to be your only and major source of FX trading at when your hero was in office and when he left?

truth is things are bad, oil producing countries are feeling it the most, but it would have been worse if your brother was still there.

grandstar:


You are completely wrong. Even Soludo and Sanusi have heaped the blame on Buhari.

His exclusion of 41 products from the CBN forex market and most importantly his refusal incomprehensible refusal to devalue the currency at the official rate to about 230 is what is devastating thee currency.

Both Sanusi and Soludo are both Buharist
They are also economists and former CBN governors.

The delisting of Nigeria from the JP Morgan index was a vote of no confidence on his economic policies

harmony940:


I totally concur with you analysis.However you should see from my own perspective that corruption is Nigeria biggest challenge,fine we have all what it takes to be a big nation,we have the human resources and the resources itself,but still most Nigerians are still lingering in abject poverty.

Believe you me my dear friend,if you are to contest election in your household for a post juicy or not,and you don't give something to your kids,the possibility that you will loose the election in favor of your wife who is ready to give something to your kids is very high,corruption is in Nigeria as become a culture to both the rich and the poor.

Thanks for apologizing after your comment,it is very mature of you.

Know2020:
This country is finished!

Let me see the twit that will invoke GEJ. GEJ left office with naira to dollar at 210 and today it's 313. WTF? GEJ inherited naira to dollar from Yaradua at 165, it stayed at this rate +/-15 for 4 yrs, it was only towards the end of 2014 that we began to see fall in naira largely caused by those who are bent on sabotaging his achievements to make sure he doesn't get re-elected. Compare dollar to naira lost in value under GEJ from 165 to 210 within 4-5 yrs span...that's very reasonable. However under Buhari from 210-313 in barely 6 months? This is disastrous...an invitation to anarchy. Same goes for fuel scarcity, there was never a fuel scarcity under GEJ except for his last few months in office, again largely perpetrated by the same very savages who are bent on making sure he never got re-elected.

You noticed how yorubas are quiet all of a sudden? Because their sister Kemi Adeosun is at the helm of the finance. Had this drastic dollar free fall happened under Iweala? Oh lord...they will be calling for her head not even resignation. They are already making excuses for Fashola to downplay the expectations on him...see 3rd topic now on front page. Hypocrites!

ifyan:
Buhari have no economic policy on ground correctly.

surestakes:
Let's not panic yet. It's quite certain it will get to N1,000 by the end of the year

divide9ja:

Until fire enter ya house you no go do anything Abi?

Know2020:
This country is finished!

Let me see the twit that will invoke GEJ. GEJ left office with naira to dollar at 210 and today it's 313. WTF? GEJ inherited naira to dollar from Yaradua at 165, it stayed at this rate +/-15 for 4 yrs, it was only towards the end of 2014 that we began to see fall in naira largely caused by those who are bent on sabotaging his achievements to make sure he doesn't get re-elected. Compare dollar to naira lost in value under GEJ from 165 to 210 within 4-5 yrs span...that's very reasonable. However under Buhari from 210-313 in barely 6 months? This is disastrous...an invitation to anarchy. Same goes for fuel scarcity, there was never a fuel scarcity under GEJ except for his last few months in office, again largely perpetrated by the same very savages who are bent on making sure he never got re-elected.

You noticed how yorubas are quiet all of a sudden? Because their sister Kemi Adeosun is at the helm of the finance. Had this drastic dollar free fall happened under Iweala? Oh lord...they will be calling for her head not even resignation. They are already making excuses for Fashola to downplay the expectations on him...see 3rd topic now on front page. Hypocrites!