Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,114 members, 7,957,168 topics. Date: Tuesday, 24 September 2024 at 08:25 AM |
Nairaland Forum / Nairaland / General / Politics / Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians (30478 Views)
"Nigerians Did Not Elect You As A Friday President" - Fayose To Buhari / I Won’t Devalue Naira, Buhari Insists (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by OmoOsanyin: 9:46pm On Feb 21, 2016 |
On a serious note, it will be helpful if Mr. President should stop or reduce his travels here and there. How do these 'frequent flyer' travels help Nigeria especially now? Is it an avoidance of reality or will ignoring the country's issues by been absent make them go away? We must be real here, or maybe Mr. President is on a mission to go down in history as the most travelled president within 8-9 months of all time. To what end though? Moreso with a country experiencing a seriously failing economy. Sir, must you travel this much? Why, i read and hear the people ask? How does it benefit the masses? If it doesn't, then for all intent and purpose is practically wasteful spending and undesirable. The cost of these travels alone is more than enough to build factories, create jobs for unemployed graduates loitering the streets. Presidents of countries with stable economies rarely even travel half as much. So why Mr. President why? As a father to a son, I personally respect you much, but i must say to you Mr President that no matter reasons and excuses that may be given to support your much travels, in light of the countries issues borders on avoidance and negligence. Mr. President sir, You may be fighting corruption with no convictions to date, and maybe not amassing and storing away monies but the cost of travel and spendings, moreso when not a dire necessity may also be perceived by some as corrupt. So i ask Mr President, what is the opportunity cost to Nigeria if you are more present at home? Will Nigeria quake? For your information sir, at least psychologically, been absent than present is not a moral or confidence booster to the average Nigerian at any time, especially now. Just for how will these ongoing travels of here today and gone tomorrow go on for? Even a goodwill ambassador to the world may not travel half as much as you. Mr President sir, i implore you to 'CHANGE' your attitude and disposition concerning your travels. You have a foreign affairs minister and minstry, etc, make them useful and have them earn their pay sir. Mr President sir, its not easy to handle issues when at home, and surely more difficult away from home. i bid you, if you are truly serious and i believe you are and concerned about Nigeria and her general welfare, be more present. I personally do like you and support your vision, dreams and hopes for Nigeria. Lets be seriously more purposeful and truly committed together (Nigeria) and make 'it' work. I also suggest that it will augur well if you conduct a once a month public briefing address to we the people on the state of the nation. It really will be positive and helpful sir especially in this desperate times. It does not sit well with me when i hear or read negative comments about the Presidency. Most comments which may stem from ignorance which may also be a factor of effective communication gap between the Presidency and we the people. Thank you, Mr. President. Blessings and wish you well. 1 Like |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by Armour: 9:52pm On Feb 21, 2016 |
@Fayose, you can not even manage your state very well but here you are talking about devaluation of naira . Nonsense over nonsense is equal to nonsense.. What is your qualification that is giving you the temerity to just talk all the time ? Must you comment on everything, including the one that no know nothing about ? A debate should be set for you on this to showcase your ignorance about the subject matter ....devalue naira ko , devalue kobo ni 2 Likes |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by mrphate(m): 9:55pm On Feb 21, 2016 |
I don't know so much about this whole currency ish...but can we say the President is doing the right thing? #SMH |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by 982ABU(m): 10:07pm On Feb 21, 2016 |
emamos:I pity ekiti people this type of human being to be their governor face your state rather than attacking president everyday |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by lastpage: 10:07pm On Feb 21, 2016 |
So this THUG called Fayose, has also become a "seasoned" Economist and Financial Expert? Wetin we nor go see/hear for this Nigeria sef? Sombori should tell the Rascal to face front ..... Even members of National Road Transport Union (Up National ) said he should shut-da-phuck-Up! Yeye dey smell Lastpage! |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by Nobody: 10:14pm On Feb 21, 2016 |
Next time, you can use a neutral Yoruba name in this context. E.g Iya Bayo's/Jide's/Pelumi's Canteen. If you read between the lines, I'm sure you won't come after my head....lol. Cheers! doctokwus: |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by Nobody: 10:40pm On Feb 21, 2016 |
The workers are to be forced to purchase MadeinNigeria goods. Not the imported ones. Lol blazer234: |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by doctokwus: 10:44pm On Feb 21, 2016 |
Snipes009:My apologies.Was the first name that came to my head. Iya sikiras are actually good,hardworking people. |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by Nobody: 10:46pm On Feb 21, 2016 |
massinola:You know nothing about the economy Just keep reading comment and learn 1 Like |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by 14(m): 10:51pm On Feb 21, 2016 |
South african Rand lost 45% of its value and no one complained, atleast their currency is floating currency, it finds its place on its own which NIGERIA is scared to do. You can never run a jagajaga economy. Even if you try to manipulate the system, someone will be hurt either way. By devaluing or letting your currency to float, is to enable your currency to be properly in line with other foreign currencies. By trying to manipulate it, you end up running an artificial economy. we live in a global world, no one lives in an island anymore. Case in point, China, Venezuela, Zambia. In venezuela the capped value is at 200 to the dollar. but at parrallel market is at 800 to $1. Its a disaster, food shortages, everything has collapsed. Nigeria is heading there, watch the space. Tough times are still ahead |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by Nobody: 10:53pm On Feb 21, 2016 |
henryhemon: I have seen you and your slave master that something good comes from. The condition of Nigeria today under your slave masters leadership is a testament to the type of good that comes from people like you. I want no part in this type of good that I exchange 380 to $1 and 500 to a pound. Ewus. . I dont blame you guys because your brain has been reseted by aisahas jollof rice. I just pray you and your type wake up before it's too late. 2 Likes |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by perrychemical: 10:55pm On Feb 21, 2016 |
massinola:It is obivious u know but little. U talked like somebody that has never been to primary school. 1 Like |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by Nobody: 10:56pm On Feb 21, 2016 |
I recently bought provisions I usually buy for double the price...so I think I might be in support of fayose at this point...We are just deceiving our selves...its time we come to terms with reality and diversify our economy....Buhari should devalue the naira and work hard to encourage in house manufacturing and production to support the naira...We can't go on like this... 3 Likes |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by Bolaadu(m): 10:56pm On Feb 21, 2016 |
D u think is Oga jona .Dean of musu |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by blazer234: 11:01pm On Feb 21, 2016 |
Snipes009: You are very funny, aren't you? Do you make toothpick in Nigeria? Do you make lamps in Nigeria? Do you grow polished rice in Nigeria? Do you make roofing sheets in Nigeria? How many of Nigerian made shirts are available on the market and how many of them are of good quality? The leather used in making shoes, how much of the leather is made in Nigeria? Do you make matchstick in nigeria? Do yuou make transistor radios or batteries in Nigeria? Do you make electric bulbs in Nigeria? Do you make steel for manufacturing in Nigeria? So, when will Nigerians not have to import? 1 Like |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by blazer234: 11:05pm On Feb 21, 2016 |
Pesuzok: I doubt if your head is correct. The civil servant that was paid 50k before naira fell have his spending power reduced now that naira has fallen. If you have any useful brain, you will know that the things we buy out there are not sold at the rate of 199 per dollar; they are sold at the rate of 400 per dollar. So either u like it or not, naira has been devaluated by the outrageous gap btw blackmarket and CBN rates. 2 Likes |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by perrychemical: 11:05pm On Feb 21, 2016 |
Sanchase:I feel u guy, I just don't support this devaluation of a thing. It will cause a rapid inflation and reduce the purchasing power of d common people on the street. No to devaluation. |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by blazer234: 11:06pm On Feb 21, 2016 |
3rdlegxxx: You have a point, but I think it is just right to always focus on the message and not the messenger. |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by akin33(m): 11:07pm On Feb 21, 2016 |
Go and fix Ekiti problems first. clown |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by 14(m): 11:08pm On Feb 21, 2016 |
Venezuela’s bolivar passed the physiological barrier of 800 bolivars per dollar Tuesday in black market trading as Venezuelans rushed to protect savings amid rising inflation. That means that the country’s biggest currency note of 100 bolivars is now worth about 12 U.S. cents. The currency has declined 14.7 percent in the past month to 816 bolivars per dollar, according to dolartoday.com, a website that tracks trading in street markets where Venezuelans go to skirt limits on foreign-exchange purchases. The government maintains official rates of 6.3, 13.5 and about 200 bolivars per dollar for authorized purchases of items deemed essential. Venezuela’s inflation, estimated by some to be nearing 200 percent, is the fastest in the world as President Nicolas Maduro’s administration prints more currency to pay budget expenses as the falling price of oil reduces foreign currency income. The amount of bolivars in circulation passed 3 trillion for the first time on Sept. 19, up 97 percent in the past year, according to data compiled by Bloomberg. http://www.bloomberg.com/news/articles/2015-09-29/venezuela-s-bolivar-falls-past-800-per-dollar-on-black-market |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by Mboi: 11:29pm On Feb 21, 2016 |
GudluckIBB:How much does your Kunu drinking President spend on each foreign trip, who are members of his economic team? 1 Like |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by GoodGovernance: 11:31pm On Feb 21, 2016 |
Bevista: Excellent contribution! The disadvantages of devaluation obviously outweighs the advantages. Global economic prosperity is mutually exclusive, because global resources are scarce and are being competed for by every nation, so until the end of time there would always be prosperous countries at the detriment of the poor ones, every nation can never be prosperous! So we should stop listening to our competitors and their agents like IMF,for advice! If Africa(Nigeria) or Asia(China) is prosperous,it would be to the detriment of America(US) or Europe(Britain).How? E.g. if Nigeria now start producing goods that were hitherto imported from China,US Britain,it would definitely be to the detriment of those other countries, which exports would have fallen, to the tune of our own self sufficiency. There are some goods and services that are inelastic to the law of demand and supply and value of forex exchange, so whether you devalue your currency or not, the demand for such items remain relatively constant. For Nigeria, such items include Petrol, industrial raw materials, machinery and other items not available locally.etc. Devaluing the Naira would make these items more expensive, and the spiral effects could be catastrophic! So the general notion that devaluation makes your export cheaper is only applicable to products that were already being produced and exported BEFORE devaluation! Nigeria,a majorly importing country. is yet to recover from the devaluation of the IBB era. But the problem with some so called economists, is that they apply textbook theory to all scenarios, irrespective of the applicability and practicality. 2 Likes |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by blessed4nations(m): 11:32pm On Feb 21, 2016 |
When will Fayose learn to understand that Ekiti as a state has enough problem that calls for His attention and just leave PMB alone after all all that PMB is struggling to solve today was created by people like you who are deceptive and too economical with the truth. You can fool Ekitians not Nigerians ok ? 1 Like |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by Nobody: 11:41pm On Feb 21, 2016 |
Not trying to be funny, but since our brains are not imported, at least we can start developing the nation by producing as little as we can. Why can't we make toothpick in Nigeria? Lamps? Matchsticks? There's no rocket science to all these small stuffs. But well, here we are.... blazer234: |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by FILEBE(m): 11:41pm On Feb 21, 2016 |
Bevista: When i read things like this,it makes me wonder why we are where we are today. The quoted is just so witty, though not everyone will understand (see! They won't see). This person who made this comment goes also to say he is not bias. He calls a spade a spade. Unfortunately, most of us are blinded. Well, but what do i know? 1 Like |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by Jirate(m): 11:42pm On Feb 21, 2016 |
This Will For ever and ever Hunt and Hurts APC...... 2 Likes
|
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by piagetskinner(m): 12:00am On Feb 22, 2016 |
Well fayose has a point there.... But we all know he's a hypocrite Just like the pharises during Jesus' time |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by kYjelly2: 12:03am On Feb 22, 2016 |
katchagboro: Just listen to yourself, meen, I need to leave this country asap as the number of illitrates are rising per second, no joke!! So I guess zimbabwe now has the best schools, best hospitals, modern weapons and so on cause their currency is shhhit next to the dollar dumb murrafvckers, all of you The market determines the price, not some arbitrary price one dullarpo sets like some false god Obviously, I'm not too happy about the devaluation, but the spread is way too high. If we want to fix stuff, let us fix things right and seriously, not by some voodoo economics of setting a fixed price for the currency. who is buhari to set the price anyway same way he said he will stabilize the oil market and the illiterates believed him. I'm telling you sane Nigerians left, the country is being hijacked by illiterates, maybe due to high birth rates. Every sane Nigerian seriously needs to have this fact in hand for future planning. 1 Like |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by yjgm(m): 12:05am On Feb 22, 2016 |
Why I am Not Worried! !!!!! If you bring ousted president Jonathan and President Muhammadu Buhari 10 times today for election, Overwhelming majority will still vote for President? Buhari. Even if 1 dollar equals 1k, it doesn't take anything off President Buhari support base. Rather the liberated towns in North East are joining more and more. Why then should I be worried? Never! If you voted for Buhari because you wanted 1 naira equal one dollar in 8 years, it shows that you are a product of "standing love" affair. Lie down and reason. Dear noisy one, Before I asked you not to vote for clueless Jonathan, I gave you Buhari as option. Now that you don't like Buhari, what is your option? Common kpomo sense will teach you that you must bring alternative before you discard what you have as I did to Jonathan. Which party is gearing up? New Boko-haram PDP? Or PDP SM TINK TANK that cannot even trust themselves? Is Ali Modu Sheriff your alternative? If the noise of miserable bingo's parading as opposition on social media cannot stop enthronement of alleged Boko-haram founder as Chairman of PDP, what makes you think that PDP will not field Shakau as their presidential candidate in 2019? Ok.Kontinu! Gathering in WhatsApp group, blackmailing, and developing comic hashtag is not opposition. It is inferiority complex and political depression. Get life and stop discussing what to do to Okokobioko! !!! Okokobioko is not yet your president. Go and get alternative before Nigerians will listen to you and take you serious. Meanwhile, President Buhari will be visiting Saudi Arabia and Qatar from Tomorrow to continue discussion on volatility of crude oil price. #FlyWithBuhari or #GoAndKpeme. Chanjiiiiiii is here Embrace it! Diaritz god. Dazzol Copied from Okeke 1 Like |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by Sirchuka: 12:12am On Feb 22, 2016 |
GudluckIBB:words of an ignorant man... it's a pity. 1 Like |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by cardoctor(m): 12:41am On Feb 22, 2016 |
Fasyosenomics |
Re: Fayose To Buhari: Devalue Naira Now, Forex Policy Short-changing Nigerians by ATERI(m): 12:56am On Feb 22, 2016 |
Poor Buhari, even Fayose has now come to see himself as an expert at managing the economy. I guess I would soon become one. Anyway, I say no to devaluation |
(1) (2) (3) (4) (5) (6) (7) (Reply)
Obaseki: My Convoy Was Attacked In Oshiomhole’s Ward / Tokunbo Abiru Visits Bola Tinubu After Victory / President Buhari Appoints Araraume, Okadigbo, Kyari Into NNPC Board [LIST]
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 80 |