Without mincing words, what is happening to the ecoonomy is just a price action based on a true fundamentals of our economy. Naira had been a commodity currency (oil) from time immemorial. Oil reveue in dollar had been adding the value to nairra without any support from other products given us false impression that all was well with the economy.
Since the revenue from oil suddenly crashed it resulted to a free fall for naira because of too many naira now chasing too few dollar.
The only way out for this nation is to reduce our heavy dependence on imported goods and services. The present admin. Is sincere to let us know the truth. So sentiments apart we must live with this reality. REDUCE IMPORTATION- the way out.

waldigit:
Without mincing words, what is happening to the ecoonomy is just a price action based on a true fundamentals of our economy. Naira had been a commodity currency (oil) from time immemorial. Oil reveue in dollar had been adding the value to nairra without any support from other products given us false impression that all was well with the economy.
Since the revenue from oil suddenly crashed it resulted to a free fall for naira because of too many naira now chasing too few dollar.
The only way out for this nation is to reduce our heavy dependence on imported goods and services. The present admin. Is sincere to let us know the truth. So sentiments apart we must live with this reality. REDUCE IMPORTATION- the way out.

OIL AND LFR IS THE TWO MAIN MEANS OF INCOME FOR NIGERIA ECONOMY TODAY!
.....with the determination of Nigeria president Buhari and the trust of world leaders toward nigeria, from America, Europe, Asia and gulf nation, the down price of oil and the rising of $ is a blessing to nigeria because rising of $ hike LFR for Nigeria!
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 these countries are frustrated with oil down price, nigeria have turn to her looted fund reserved (LFR) 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 injected the LFR recovered on the economy, it will revamp Nigeria economy!
at rate of ₦370 to $1 today's rate, if government managed to recovered $1 trillion LFR it will give us:
$1=₦370, $1trillion=₦370trillion!
Note (LFR is looted fund reserve)

Nigerian Mathmaticians challenge!

With ₦370 trillion LFR at our disposure today, I thing mathmaticians can help us, at 2016 budget of nearly ₦7 trillion , how many years budget, ₦370 trillion LFR can finace?

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