blazer234:


Use your head to reason Mr. And stop being blinded by political affiliation. It is the soul of Nigeria we are talking about here. The wide difference between official rate and black market rate does not spare people of certain political party; everyone is affected.

Fayose said something that every Nigerian with useful brain will think deeply about.: workers are paid at the rate of 199 per dollar, but they have to pay for goods at the rate of 400 per dollar.

Is that too complex for you to understand?

Fayose may have his faults, but every Nigerian with sense will agree he is making a good point this time.

massinola:
If with corruption $1 was equal to #216 and now without corruption $1 is equal to #400, wouldn't it have been better we stood with corruption?

OrlandoOwoh:
Our Governor Has Gone Mad Again.

joborskill:
Out of 36 governors why is this man the only one bullying Buhari everytime? Why cant Buhari deal with this thug with the numerous evidences of the Ekiti gate scandal? I hope they declare a state of emergency in ekiti and put this ponmo cutter in kuje prison beside his newly adopted tribesman called Nnamdi Kanu

erico2k2:

Guy sorry your Economic reasoning is way out in teh BUSH.On your second paragraph you seriously want me to bring my hard earned $ to Nigeria where there would be no value? realy
If I bring in I box of samsung galaxy Note @ 600 pounds each, how much will I sell it? £600 x 500 = N300. How Many of the so called gadgeters can afford it at that cost price let alone me adding profit? and the sales would be mega slow plus tie down my capital.
Investors pulled out of Nigeria long ago,.SOme guy on another forum called it CAPITAL FLIGHT due to lack of policies and budget.

dotcomnamename:



[size=15pt]Don't worry your self. Buhari know wetin him dey do. Remember when Nnamdi Kany was doing the same? but Buhari was cooking his soup. Now he's eating his soup in the zoo. You sit back and relax. you will see the Delicious soup Buhari is cooking for Fayose, by then the waillers will switch their wailling to gear 3. [/size]

OrlandoOwoh:
Our Governor Has Gone Mad Again.

OrlandoOwoh:
Our Governor Has Gone Mad Again.

erico2k2:

you think? is the dollar not already N400? so wahts wrong in telling the banks to buy @ 300 instead of N190??

Remii:
what did fgn do with her own 52% share

udeagbalaC:
you need to enroll to sch too

ojeota:
Devalvation of the naira is a bad idea Since we are not producing and exporting nothing.
What the governor should be saying is for buhari to encourage agriculture in all aspect and also manufacturing companies.

Sanchase:
There are products for mature and emerging markets;

Nigeria is an emerging market where you can sell mobile phones of $10 to $50 easily.

Countries such as US,UK, Canada, Australia are mature markets where you can easily sell your £600 phone.

So you do your research well and know where to invest.

erico2k2:

if you do what do you call the value we have now?

erico2k2:

Well if you check, I used 600 as refrence.same could be said for the $10-$50 you mentioned, things as cheap as Nokia 3210 are sold here for $20 used, now would you or can you buy it @ N15k?

erico2k2:

Ok correct my statement instead of throwing half backed statement.germany devalued their currency up to %50 WHEN THEY NEEDED TO, Go and check history

emenas:
broda, think about the effect it will bring on the poor masses

3rdlegxxx:


No offence but this is by far the dumbest and most silly comment i have read all day, what is wrong with the Nigerian youth? the oil price falling is a global issue not President Buhari or corruption, read newspapers they won't, watch TVC or Channels TV news on global oil crises and it's EFFECT ON OIL DEPENDENT ECONOMIES LIKE NIGERIA THEY WON'T but if it is to blame the President they would gladly do.

udeagbalaC:
devaluation do not solve Nigeria economics crises,official rate still stand at the cbn 199 for those who desperately need forex and can not go through the official window to get it ie commercial banks and cbn itself should buy it at any amount at the informal sector