Please let me explain to those of us who don't
understand Economic terms. Dollar has not
increased since Buhari became president
1. Dollar is not our currency so dollar should
not be our business
2. Our problem is not d government but
our problem is our importers and consumers
3. Naira has remained at 197 naira to 1 dollar
since Buhari became president
4. Buhari has promised not to devalue the
Naira and he has maintained that promise
5. Both at CBN and at interbank rates,
dollar has remained 197
6. However because we are too lazy to produce
what we use in Nigeria we import even
toothpicks and matches
7. Buhari does not like d importation of luxury
goods because luxury goods is d reason for
most corruption, that is why he banned 41
products from having access to forex
8. However when Nigerian importers insisted
on importing those 41
products, FG asked them to find their dollar at
d BDCs parallel market also known as black
market
9. And to discourage the pressure Nigerians
are mounting on the Naira just to get dollars
for importation, CBN banned DMBs from
selling dollars to BDCs
10. To survive the pressure of excess
dollar demands, BDCs resorted to sourcing for
dollars from neighbouring countries through
illicit money laundering routes
11. Because of the risks faced by BDCs to
source for dollars, and because of the increase
in demand for dollars by importers because
China just resumed from their business
holidays, BDCs keep increasing the price at
which they exchange dollars to naira and now it
is 400 Naira to 1 dollars
12. However that does not mean
that govt has changed the exchange rate
because if our genuine importers go to CBN
and fill Form M to import raw materials for
local production, they will get dollars at 197
naira each
13. So the problem is that we love to consume
luxury foreign products yet we are too lazy to
manufacture them here.
14. For example u will see a dull girl using
iPhone 5 without even knowing simple physics
and computer engineering part of how that
phone was produced
15. I want Buhari to ban every foreign
product from Nigeria until Nigerians learn to
produce and use Made in Nigeria products
16. Let us stop complaining about dollar as if
dollar has become Nigeria's currency
17. It is even bad enough that most of those
complaining about the high exchange rate of
dollar do not have 1 single dollar in their
purse.
Credit: Adetukom Akeem
#Standwithbuhari#

So after writing this u end at no point

Is your car made in Nigeria?

Successcharles:
Is your car made in Nigeria?

No Sir. Kindly let me know if you need the writer's number, so you fit ask am.