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Nairaland Forum / Nairaland / General / Business / Anyaoku Backs Buhari Stance On Naira Devaluation (17953 Views)
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Re: Anyaoku Backs Buhari Stance On Naira Devaluation by modath(f): 3:56pm On Mar 30, 2016 |
marshborn: It's called making an effort, Will standing by the roadside flagging down every passing motorist plug the leak?? Even if he manages to get someone to stop, will the other person give him his own spare & then go without? Make una dey take time dey reason deep, we can't continue to hinge progress on importers easy access to forex. 2 Likes 2 Shares |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by martyns303(m): 3:57pm On Mar 30, 2016 |
sonnie10: And easily makes transfers between each account, whose one month salary is enough to make you a millionaire!!! 1 Like |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by haulagehandlers(m): 4:02pm On Mar 30, 2016 |
martyns303:ODE NI BOBO YI SHA |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by dokunbam(m): 4:02pm On Mar 30, 2016 |
No to devaluation ![]() |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by Nobody: 4:04pm On Mar 30, 2016 |
Coolcash1:Further borrowing is not in Buhari's plan. The amount of loots recovered has been kept secret but the Presidency made it known that it will be injected into the economy especially growth projects. This may take the but it is the best thing to do. Say no to devaluing the Naira. |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by Adeniyimi: 4:04pm On Mar 30, 2016 |
rhymaster: U are right... I also find it difficult to argue with some dumb, they are local and knows nothing. Some people just think devaluation they dont know d outcome 1 Like |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by sonnie10: 4:04pm On Mar 30, 2016 |
Is Shell a Nigerian Company? Is Mobil a Nigerian Company? Is Agip a Nigerian Company? Is MTN a Nigerian Company Is Unilever a Nigerian Company? Is Julius Berger a Nigerian Company? Is Chevron a Nigerian Company? Is Shoprite a Nigerian Company? All these companies have been repatriating their profits, so it is not a new thing and I don't see why it should be an issue now. Somebody should tell us the difference between these existing ones and the prospective companies whom we are afraid that they would come and buy up Nigeria natural resources for cheap if Naira is devalued? Are they not going to pay taxes on profit? |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by Justicemy: 4:10pm On Mar 30, 2016 |
What do u expect from birds of thesame feather? Wouldn't they always flock togeda. |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by Adeniyimi: 4:10pm On Mar 30, 2016 |
I command d god of thunder to fire USA.... they are d problem of d world. They want to rule abi, they want to did to is what they did to libya and india in d past abi. Yet china still remain number one producing country in d world yet they rank them as developinh country while all what they use in d US such as electronic, phones are made in China. Expect 10.1 earthquake in d whole USA next month |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by vivavik(f): 4:17pm On Mar 30, 2016 |
pricelessngel:someone else thought exactly like I did, even tho I loved Jonathan. May God help and direct my country to the right path. 2 Likes |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by sonnie10: 4:23pm On Mar 30, 2016 |
Adeniyimi: Mr man, American has gone beyond cobbler shoe making economy. Most of those items you listed, the technology and patents are held by US companies. US is concentrating on research, something they have the edge over others, and not on cheap consumer goods like phones and TVS. Recently, a Chinese was arrested at a US airport for trying to illegally leave the country with improved variety, disease resistant grains of rice he stole from research institute. That is to show you how desperate other countries are to steal new ideas from God's own country. If he had succeeded, tomorrow someone like you will come here to give credit to common intellectual thief. |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by Adeniyimi: 4:26pm On Mar 30, 2016 |
sonnie10: Yepa u mean america is a God's own country? With d way they live their lives over there? Gay and other stuff |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by DropShot: 4:31pm On Mar 30, 2016 |
imohchard:When it is devalued to current black market rate or anything close to it, the black market rate will again double the new official rate. The point is that as long as the FG/CBN cannot meet our dollar demands, the black market rate will always be far higher than the official rate. The solution is earning more dollars, which we unfortunately don't have the means to earn enough since it's oil that gives us the bulk of the dollars we need; or looking inward by growing our local Industries by producing most of those products we need dollars for so that our need for dollars is greatly reduced. I hope this explanation helps. 1 Like 2 Shares |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by TenPassfour(m): 4:32pm On Mar 30, 2016 |
I supported Mr President on this one, its high time our local industries pick up and fill in the gap. Devalution is not the best thing this time around, we need local content and strategic thinking to come out of this holocoust. Naija go better. #TeamThinkForMe 1 Like |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by 989900: 4:35pm On Mar 30, 2016 |
imohchard: You mean fly-by-night 'briefcase-investors' ? Real sector investors care about an enabling environment, and are less worried about devaluation or not -- they want 'fairly constant variables'. BTW, hoarders, speculators, racketeers and profiteers are largely to blame for the Naira's current woes, and that includes the banks and the CBN. 2 Likes 1 Share |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by DropShot: 4:36pm On Mar 30, 2016 |
sonnie10: DropShot: |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by sonnie10: 4:40pm On Mar 30, 2016 |
Adeniyimi: Yes, America is God's Own country. Their laws are clear and fair, this is where you can find equity and justice if you are wronged. Let me give you instances of what a God's Own Country is; If you are disable in American, you are sure to get free housing, food, personal care aides and medical care. If you work hard, your social mobility is certain. In American, money is not a hindrance to education. All people of difference religion live and work together without hate. Security of life and property is efficient. Now tell, what else is God's own country? |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by Adeniyimi: 4:50pm On Mar 30, 2016 |
sonnie10: U mean america quarantee security of life? Have u been to new york? Hope u know what happen over there daily 1 Like |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by sonnie10: 4:58pm On Mar 30, 2016 |
Adeniyimi: The word efficient, is different from guarantee. Yes, I have been to New York. One of my favorite Sates, I love the lively business oriented atmosphere. From Times Square to Port Authority to the boundaries of New Jersey and Connecticut. The beautiful theaters, water views to cheap eateries along the walk ways. Big brand name stores at 5th Avenue etc. I love NY. |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by engrchykae(m): 5:02pm On Mar 30, 2016 |
NaijaTalkTown:my dear this is no time for playing the ostrich rather we must eliminate all faultlines such as nepotism,born to rule attitude,etc from our polity order to be truly one. Only then can we with one voice resist the western oppressors. If no.pmb can start by implementing the confab reports to the spirit and letter. If not the partitioning of nigeria would be unstoppable because of the natural faultlines. They planted boko haram in the north which is a natural habitat for such movement,ipob in the east which is also a natural habitat for such movement. Therefore since our detractors are following our natural problems it is best for us to eliminate our natural problems in order to starve the west of opportunities to balkanize us. |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by Adeniyimi: 5:05pm On Mar 30, 2016 |
[quote author=sonnie10 post=44254988] The word efficient, is different from guarantee. Yes, I have been to New York. One of my favorite Sates, I love the lively business oriented atmosphere. From Times Square to Port Authority to the boundaries of New Jersey and Connecticut. The beautiful theaters, water views to cheap eateries along the walk ways. Big brand name stores at 5th Avenue etc. Well anyway..... I have a question which u most answer and if u dont na fight. Who owns Nigeria. God or satan ![]() 1 Like |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by Adeniyimi: 5:08pm On Mar 30, 2016 |
sonnie10: Anyway I have a question which u most answer. America is a God's own country right, who owns Nigeria or I should say who owns Africa? Satan ![]() |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by sonnie10: 5:18pm On Mar 30, 2016 |
Adeniyimi: My answer is this: If you are a Christian or a Muslim, of which I know both have teaching on the existence of Hell. Quote any chapter or verse where the geometric coordinates of hell is mentioned. If you can't find it, then you need to look at the suffering in Nigeria and make conclusion. 1 Like 1 Share |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by tikeh: 5:25pm On Mar 30, 2016 |
I supported PMB on this the economic routers r at work pressurising presidio for devaluation pls sir maintaining Ur stand is well I am an IPOBIAN 1 Like 1 Share |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by PBundles(m): 5:27pm On Mar 30, 2016 |
I see that many are influenced by emotions, instead of economic facts. So when someone says 'I dont need economics to...', I think oh well no need to start explaining basics. Ppl should be able to distinguish between political rhetoric and economic based reasoning You may believe in God, but if you cross the street while cars are speeding up and down, you will get hit, thats a FACT! Um one question to those that are stating we shouldnt, help us economic dimwits out: the correlation with that and our oil revenue ( remember we buy back refined) The reason for the scarcity of petrol Why mat this have an effect on power generation ( what do we need to generate this?) How will this affect the state government revenue and its workers Who is getting rich by NOT devaluing I could go on and on, but the above is food for thought for those who say it has nothing to do with economics. Lets sit back and observe 1 Like 1 Share |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by Nobody: 5:35pm On Mar 30, 2016 |
DropShot:Make dem relocate 'Sharp Sharp', Nonsense set of people ![]() 1 Like |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by PBundles(m): 5:36pm On Mar 30, 2016 |
I decided to simply copy a post I did a while back. If thats your take on the US, then either you are not living the US I know or have an issue with maintaining reality, cuz thats certainly not the US I know andI was practically raised there............ Dude their veterans squalor in poverty. PBundles: sonnie10: 1 Like |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by Adesiji77: 5:40pm On Mar 30, 2016 |
modath: Epic! ![]() |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by Arjeeni: 5:49pm On Mar 30, 2016 |
imohchard:Hunnn see how someone thinks! The Naira was pegged at 197 to a dollar and black market sold it above 300, should it be devalued to like 350 what will black market price is? |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by AK481(m): 6:00pm On Mar 30, 2016 |
one question.. if the budget is prapared using the official rate of 197 naira to dollar and after passage and time to spend the budget in their various MDAS only to get quotation from clients and spending from the parrallel market with 320 naira per dollar. do you know what kind of mess that means? it means the the naira is already devalued because if buhari approves 10 generator set for ministry of Education via the budget,they can only buy 5,imagine that for power and works. |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by sonnie10: 6:07pm On Mar 30, 2016 |
PBundles: What percent of Americans are Veterans and what percentage of veterans live in poverty? Google VAH, affirmative action, equal employment, post 9/11 and GI bill, then you will be well informed. No government have done more for its veterans than the US. For your information, most of those veterans were in NATO forces, maintaining peace in those countries you listed. Now the veterans are left for US alone to take care of while those countries enjoy the benefits from their service. That is totally unfair and this big brother gesture will soon come to an end. Do you know how many US personals are stationed in South Korea, Japan, Saudi etc. Who do you think is paying their salary and maintaining their families back home? Does American pluck money from tree? If those countries can take care of themselves, why do they have these people there? This is why Donald Trump have maintained that those countries benefiting from US military strength must start paying for the service should he become President. Although I have my reservations for him, with comments like yours, I can not but agree with him on that aspect. |
Re: Anyaoku Backs Buhari Stance On Naira Devaluation by Nobody: 6:29pm On Mar 30, 2016 |
engrchykae:I totally agree with you. Unless we see ourselves as a nation, unless there is a common interest that binds us together, the West will always be able to divide and conquer us. One Nigeria should not only be preached, it must be implemented and practiced! |
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