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Nairaland Forum / Nairaland / General / Politics / Solution To The Naira Falling Value: Sen. Ben Bruce Point- Of-view (1353 Views)
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Solution To The Naira Falling Value: Sen. Ben Bruce Point- Of-view by tjadeniyi(m): 10:26pm On Feb 19, 2016 |
Senator Ben Murray-Bruce is bruised and this time he wants you guys to see how far he has gone to GrowTheNaira. He thinks we are fooling ourselves by blaming the government for our woes. See His CommonSense rants below: Many Nigerians are complaining about the constant fall in the value of the Naira and they blame the Government. But is the government really to blame? In truth, our insatiable appetite for all things foreign is to blame. I always fly Arik Business Class whenever I am traveling abroad except Arik does not fly on that route. Not only is an Arik ticket a fraction of the cost of a British Airways ticket, but the money I pay to Arik circulates in Nigeria and helps firm up the Naira’s value. As I speak to you today, a British Airways Business to London is ₦2,103,666 while Arik Business is ₦551,545 yet our elite still fly BA. But though Arik offers an affordable alternative to British Airways and other foreign airlines, our big men prefer to pay double what Arik charges to BA and other foreign airlines for the same services and yet they complain about the value of the Naira. I have Nasco cornflakes and I have eaten Kellogs cornflakes. In terms of nutrition and taste they are almost indistinguishable. Yet our elite who will rather eat Kellogs than Nasco cornflakes, wonder why the Naira is falling! Even something like Quaker Oats can be substituted with corn meal known locally as pap. Obasanjo Farms of Nigeria and other large scale poultry farms have the capacity to provide chicken for the entire nation. Since that is the case, why are we even buying imported chicken? In fact what is wrong if every family in Nigeria has a poultry in their backyard to give them eggs and meat? My steward went to Makoko, which is one of the largest fishing communities in Lagos. He wanted to buy fish and they were selling imported frozen fish! Yet in the very waters in front of them, there exist fresh fish that is more nutritious than the cheap frozen fish they were selling. We keep spending over 1 Billion Naira importing rice when our own farmers are capable of meeting our national demand for rice. But for some reason, Nigerians just prefer to buy imported rice. The imported rice we buy in Nigeria is not as good as our local rice because it has been stored for years in silos and treated with chemicals. Moreover, every time you buy it, your money is going out of Nigeria to service an economy in Asia. The end result is that their currency gains value while ours loses value. Have you ever wondered why European Premiership Clubs are so interested in Nigeria? It is because Nigerians spend billions traveling to Europe to watch their games, buy their merchandise and promote their leagues. Yet, back at home, we would not be caught dead watching our own local league. If we will not spend money on made in Nigeria goods and services, how can we expect our Naira to hold its value and appreciate? Obviously we can not cut ourselves off from the world. No nation is an island, but at least we can fly Nigerian airlines, eat locally produced food and patronize our football league. If we do this, not only will our economy grow and produce jobs for Nigerians, it will also make our goods and services improve in value such that they will be attractive enough to be imported. I bought Innoson vehicles as official cars for my staff. I have never lived to regret it one day. They are comfortable and durable. But most of all, I know that my purchase helps to keep jobs in Nigeria and improve the value of the Naira. I urge you to do the same. We have no other country but Nigeria and it is you and I that will make it what it is. If we buy Naija We Will Grow Naira My name is Ben Murray-Bruce and I just want to make Commonsense! # BuyNaijaToGrowTheNaira cc: lalasticlala 1 Like |
Re: Solution To The Naira Falling Value: Sen. Ben Bruce Point- Of-view by Tunami(m): 10:28pm On Feb 19, 2016 |
polithiefcians and sweetmouth. |
Re: Solution To The Naira Falling Value: Sen. Ben Bruce Point- Of-view by GEJ2019(m): 10:45pm On Feb 19, 2016 |
PDP senator making sense |
Re: Solution To The Naira Falling Value: Sen. Ben Bruce Point- Of-view by ednut1(m): 10:49pm On Feb 19, 2016 |
same man whose cinema shows mostly foreign movies |
Re: Solution To The Naira Falling Value: Sen. Ben Bruce Point- Of-view by mbhs139(m): 11:07pm On Feb 19, 2016 |
I have always engaged @benmurraybruce on twitter in a not too pleasant manner, in recent, simply because of the way he gas been attacking every policy of this government since its inception. I was of the view that instead of attacking the government, why not give us your alternative options or opinions on how you think things should work? For me, I think that's what opposition is all about, to give us an opposing and alternative views. However, I've noticed that that's what the senator had been doing in recent times. He has stopped whining on twitter like a cry baby and have allowed reason to prevail. I showed him pepper. These are the type of leadership thinking we ask from you senator. And where we have difference of opinions, it's only normal that we iron it out. God bless the senator. |
Re: Solution To The Naira Falling Value: Sen. Ben Bruce Point- Of-view by Femich18(m): 11:18pm On Feb 19, 2016 |
I am not of his followers but truth be told, the man made sense alot. Most of us are the cause of this country's woes. imagine an Artiste taking our money oversea just to shoot a 4-minute video whereas a better and Cul video can be shot in the country God bless u Ben Murray Bruce! God bless Me! God bless Nigeria! 1 Like |
Re: Solution To The Naira Falling Value: Sen. Ben Bruce Point- Of-view by ndcide(m): 11:45pm On Feb 19, 2016 |
He has always been making sense. Just that some persons always feel uncomfortable when the truth goes against them. Buhari Cannot keep blaming his predecessor 6 months in office, 6 months is too long for that. Now you should know those who will be angry with such truth. |
Re: Solution To The Naira Falling Value: Sen. Ben Bruce Point- Of-view by maverickboy: 12:01am On Feb 20, 2016 |
True talk! but I believe this is not new because many people have said this before. It's not like we haven't seen or hear it before, but putting it into practice is something seems too much for us Nigerians. Many Nigerians forget things like this easily while many others are like 'who are you to tell me what to spend my money on?' Who is doing who? we Nigerians are doing ourselves! |
Re: Solution To The Naira Falling Value: Sen. Ben Bruce Point- Of-view by ministeriallist: 3:28am On Feb 20, 2016 |
ndcide:They keep blaming GEJ while dollar rises to N400. The blame game continues. Mr lie can continue the blame game until 2019. By then $1=#5000. Is it not change that my people want? Change is goooooood |
Re: Solution To The Naira Falling Value: Sen. Ben Bruce Point- Of-view by tanteta(m): 3:40am On Feb 20, 2016 |
Kudos to the common sense advocate......... You have made commonsense again....... Lvn ths sntr |
Re: Solution To The Naira Falling Value: Sen. Ben Bruce Point- Of-view by oyinkinola: 4:39am On Feb 20, 2016 |
OIL AND LFR [b] THE TWO MAIN MEANS OF INCOME FOR NIGERIA ECONOMY [b].....with the determination of Nigeria president Buhari and the trust of of world leaders toward nigeria, from America, Eroupe, Asia and gulf nation the down price of oil and the rise in $ is not a corse to nigeria but a blessing. Among the oil producing countries, and OPEC only nigeria have what other didn't, we have oil in common but nigeria have the looters as well, this opportunity raise nigeria above other oil nation and when all this country are frustrated with oil down price, nigeria have turn to her looted fund reserved to keep her economy running. Nigeria is bless with oil and (LFR) looted fund reserve, when the oil price is down, the rise-up of dollar $ hike the value of our LFR, if government inject the LFR recovered on the economy, it will boot our economy! at rate of $ to ₦ today if government managed to recovered $1 trillion LFR it will give us: $1=₦400, $1trillion=₦400trillion! I hereby challenge the Nigeria economists who insist that rising $ and downwards of oil price is a broke to nigeria economy to come-up for debate! Note (LFR is looted fund reserve)[/b][/b] 1 Like |
Re: Solution To The Naira Falling Value: Sen. Ben Bruce Point- Of-view by alexlee50: 6:39am On Feb 20, 2016 |
Tunami:talk your own |
Re: Solution To The Naira Falling Value: Sen. Ben Bruce Point- Of-view by jojomario(m): 9:20am On Feb 20, 2016 |
This is what is expected of any opposition. Constructive criticism is needed for a better Nigeria. A good one from a senator from an opposition party. Thumbs up BMB. |
Re: Solution To The Naira Falling Value: Sen. Ben Bruce Point- Of-view by Nobody: 9:40am On Feb 20, 2016 |
Ben maurice bruce making alot of sense |
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