What we eat and wear mostly in 80s was made in nigeria,80percent of our cars was assemble in nigeira,our building is made of local contents
Nigerian killed the naira

Do u mean 400 naira to 1 dollar or 400 kobo? I think we nid to go back to cowries

But when will the President make N1 = $1

To make our currency worthless is part of the game by imperialists to keep the black Africans down in Nigeria perpetually.
Oh yes, northern Nigeria people have ruled us in Nigeria to this comatose state. They have to obey what imperialist foreign powers want to enable them keep black man in Nigeria down.

Once in a while, when the heat is high upon northern people, north appoints' a Yoruba to hold brief.
Jonathan was an aberration.

I get am before no be property o

amagunnerfan:
WHy are you bothering yourself replying to people who are filled with hate and who will never ever say the truth even when they know it. Let them continue in their folly.

Absolutely correct @amagunnerfan. When one comes to Nairaland, you have to remember one thing :- "Opinions are like arse-holes, everybody has one". Most times when you read what passes for reasoning on Nairaland, you just wonder whether it is Nairaland or Nigeria as a whole that has a bigger distribution of arse-holes in its population than would normally be the case. It's better not to bother replying at all.

amagunnerfan:

[s]Le shoeless and not Buhari got us into this mess.

This is exactly the problem. He ruined us. He had plenty but plurged us into debt. Figures below will do justice.

2. UMARU MUSA YAR ADUA (2007 - 2009)

EXTERNAL DEBT:
Inherited: $3,348.22 billion

Left: $3.94 billion Dollars

http://www.dmo.gov.ng/oci/News/docs/Fact%20on%20%20Nigeria%20External%20Debt%20Stock.pdf

EXTERNAL RESERVE
Inherited: $45.0 billion

Grew To: $63 billion in September, 2008
http://www.nigerianmuse.com/20090102021223zg/nigeria-watch/nigeria-s-foreign-reserves-dip-to-52-7-billion/

Left : $47. 7 billion (As at Dec 31st 2009 when Jonathan took over as "Overseer" )
http://www.vanguardngr.com/2011/03/state-of-nigerias-external-reserves-worrisome-cipm-president/#sthash.cXXdNcoU.dpuf

N/B:
The reserve grew when the price of Crude Oil was $147 per barrel
It Slided in Mid 2008 during the recession, when the crude price fell to $35 per barrel in 2009, till his death



3. PRESIDENT GOODLUCK JONATHAN:
EXTERNAL DEBT
Inherited: $3.94 billion Dollars

As At Now: $9.3 billion Dollars

http://www.dmo.gov.ng/oci/edebtstock/docs/External%20Debt%20Stock%20as%20at%2030th%20June_%202014.pdf

FOREIGN RESERVE:
Inherited: $47. 7 billion (As At December 31st, 2009)

As At Now: $38.2BILLION http://www.cenbank.org/intops/Reserve.asp

N/B:
Of the $9.3 billion EXTERNAL DEBT, Federal Government’s owes $6.36b, while ALL 36 States plus FCT owes $3.0 billion

As at 2010, Oil Price was at $89 per barrel

As at 2011, It was $103 per barrel - During Le shoeless' regime.

As at November 2014 it is $100 per barrel http://en.wikipedia.org/wiki/World_oil_market_chronology_from_2003

Meaning, Jonathan have access to more more money than Yar Adua, but he depleted the Foreign Reserve and Still Purge Us into Further Debt With NOTHING to show.

Le shoeless was producing more oil and was selling for more than Buhari, almost 4 times more. Got us into debt to the ton of over $5 billion. Depleted the reserve from $47. 7 billion to $38.2 billion and this is despite selling our crude for more and without militrants unrest.

Now go on and defend your boss.[/s]

Someone should look for this zombie's address and donate food to him. I'm sure he has not eaten since yesterday and hunger is affecting his brain!

ShutdownBrown24:
Fuc!k buhari

you see your life? You are now blaming buhari for this ...u are surely not alright to say this

MadCow1:



Who was Head of State in 1983?




Stay in school puppy..

Actucally Shagari was president then. Buhari entered January 1984. Pls stay in school for all our sake.

Naira began depreciating during Buhari's first term.

Tolexander:
the exchange rate started shooting when?

Well, Nigerian economy was not relatively dependent on crude export. There were still many agricultural products being exported.
Moreover, Naira was just introduced a decade earlier. Hence the stability.

amagunnerfan:


Le shoeless and not Buhari got us into this mess.

This is exactly the problem. He ruined us. He had plenty but plurged us into debt. Figures below will do justice.

2. UMARU MUSA YAR ADUA (2007 - 2009)

EXTERNAL DEBT:
Inherited: $3,348.22 billion

Left: $3.94 billion Dollars

http://www.dmo.gov.ng/oci/News/docs/Fact%20on%20%20Nigeria%20External%20Debt%20Stock.pdf

EXTERNAL RESERVE
Inherited: $45.0 billion

Grew To: $63 billion in September, 2008
http://www.nigerianmuse.com/20090102021223zg/nigeria-watch/nigeria-s-foreign-reserves-dip-to-52-7-billion/

Left : $47. 7 billion (As at Dec 31st 2009 when Jonathan took over as "Overseer" )
http://www.vanguardngr.com/2011/03/state-of-nigerias-external-reserves-worrisome-cipm-president/#sthash.cXXdNcoU.dpuf

N/B:
The reserve grew when the price of Crude Oil was $147 per barrel
It Slided in Mid 2008 during the recession, when the crude price fell to $35 per barrel in 2009, till his death



3. PRESIDENT GOODLUCK JONATHAN:
EXTERNAL DEBT
Inherited: $3.94 billion Dollars

As At Now: $9.3 billion Dollars

http://www.dmo.gov.ng/oci/edebtstock/docs/External%20Debt%20Stock%20as%20at%2030th%20June_%202014.pdf

FOREIGN RESERVE:
Inherited: $47. 7 billion (As At December 31st, 2009)

As At Now: $38.2BILLION http://www.cenbank.org/intops/Reserve.asp

N/B:
Of the $9.3 billion EXTERNAL DEBT, Federal Government’s owes $6.36b, while ALL 36 States plus FCT owes $3.0 billion

As at 2010, Oil Price was at $89 per barrel

As at 2011, It was $103 per barrel - During Le shoeless' regime.

As at November 2014 it is $100 per barrel http://en.wikipedia.org/wiki/World_oil_market_chronology_from_2003

Meaning, Jonathan have access to more more money than Yar Adua, but he depleted the Foreign Reserve and Still Purge Us into Further Debt With NOTHING to show.

Le shoeless was producing more oil and was selling for more than Buhari, almost 4 times more. Got us into debt to the ton of over $5 billion. Depleted the reserve from $47. 7 billion to $38.2 billion and this is despite selling our crude for more and without militrants unrest.

Now go on and defend your boss.

Zombie,there have been mess even before GEJ came just like his predeccesors and they did not complain, they faced the challenges head on. Your dullard and certificateless buffon will soon win a nobel prize for complaining instead of facing whatever problem he met. Afterall that was what he promised with his so called change.

amagunnerfan:


Le shoeless and not Buhari got us into this mess.

This is exactly the problem. He ruined us. He had plenty but plurged us into debt. Figures below will do justice.

2. UMARU MUSA YAR ADUA (2007 - 2009)

EXTERNAL DEBT:
Inherited: $3,348.22 billion

Left: $3.94 billion Dollars

http://www.dmo.gov.ng/oci/News/docs/Fact%20on%20%20Nigeria%20External%20Debt%20Stock.pdf

EXTERNAL RESERVE
Inherited: $45.0 billion

Grew To: $63 billion in September, 2008
http://www.nigerianmuse.com/20090102021223zg/nigeria-watch/nigeria-s-foreign-reserves-dip-to-52-7-billion/

Left : $47. 7 billion (As at Dec 31st 2009 when Jonathan took over as "Overseer" )
http://www.vanguardngr.com/2011/03/state-of-nigerias-external-reserves-worrisome-cipm-president/#sthash.cXXdNcoU.dpuf

N/B:
The reserve grew when the price of Crude Oil was $147 per barrel
It Slided in Mid 2008 during the recession, when the crude price fell to $35 per barrel in 2009, till his death



3. PRESIDENT GOODLUCK JONATHAN:
EXTERNAL DEBT
Inherited: $3.94 billion Dollars

As At Now: $9.3 billion Dollars

http://www.dmo.gov.ng/oci/edebtstock/docs/External%20Debt%20Stock%20as%20at%2030th%20June_%202014.pdf

FOREIGN RESERVE:
Inherited: $47. 7 billion (As At December 31st, 2009)

As At Now: $38.2BILLION http://www.cenbank.org/intops/Reserve.asp

N/B:
Of the $9.3 billion EXTERNAL DEBT, Federal Government’s owes $6.36b, while ALL 36 States plus FCT owes $3.0 billion

As at 2010, Oil Price was at $89 per barrel

As at 2011, It was $103 per barrel - During Le shoeless' regime.

As at November 2014 it is $100 per barrel http://en.wikipedia.org/wiki/World_oil_market_chronology_from_2003

Meaning, Jonathan have access to more more money than Yar Adua, but he depleted the Foreign Reserve and Still Purge Us into Further Debt With NOTHING to show.

Le shoeless was producing more oil and was selling for more than Buhari, almost 4 times more. Got us into debt to the ton of over $5 billion. Depleted the reserve from $47. 7 billion to $38.2 billion and this is despite selling our crude for more and without militrants unrest.

Now go on and defend your boss.

[size=15pt]What many people are not talking about and especially the egregious politicians is U.S.A is 95% the power behind Nigeria's economic downfall. As they did against phillipines so they are doing to us.[/size]

Bede2u:

Actucally Shagari was president then. Buhari entered January 1984. Pls stay in school for all our sake.

Who you be?




Well.. You are correct. Coup was on 31st December..

breakeven:

Zombie,there have been mess even before GEJ came just like his predeccesors and they did not complain, they faced the challenges head on. Your dullard and certificateless buffon will soon win a nobel prize for complaining instead of facing whatever problem he met. Afterall that was what he promised with his so called change.

Defend the figures is all I ask. If there was a mess, but it got worst under le shoeless. Official figures his own government released can't have been a lie??

While this is factual, it is not exactly what you think it is.

The Naira was never strong by its own merits, or by the "vibrancy" or "economic diversity" of Nigeria.

The introduction of the Naira in 1973 simply piggy-backed off of the Pound, which was Nigeria's currency at the time and derived its value directly from the British Pound.

So, it started out with false strengths, and as true economic elements that determine currency value started to play out, it went on a consistent decline from 1973 till date.

Do u mean 400 naira to 1 dollar or 400 kobo? I think we nid to go back to cowries

Decryptor:


Someone should look for this zombie's address and donate food to him. I'm sure he has not eaten since yesterday and hunger is affecting his brain!

I will feed you and 10 of you for for 10 years without problem to the glory of the ALMIGHTY.

Is that 1000 something dollars to a naira? Pls I'm not seeing well somebody help

ilenaira:

Absolutely correct @amagunnerfan. When one comes to Nairaland, you have to remember one thing :- "Opinions are like arse-holes, everybody has one". Most times when you read what passes for reasoning on Nairaland, you just wonder whether it is Nairaland or Nigeria as a whole that has a bigger distribution of arse-holes in its population than would normally be the case. It's better not to bother replying at all.

Absolutely spot on.

Nigeria is going to be good again and naira will be strong

Naira shall reach N1000 to $1 soon.

Stability in a country makes for stability of the country's currency.

Political instability in Nigeria is because the three major ethnic groups in the country have diverse value systems and aspirations and the divisions between them deepen every new day.

Crude oil proceeds keep the political class togetherness.

Suffering becomes the party of the large majority of the population who can't be provided by the political class.

Managers and economist in the building, pls when will naira be equivalent to 1dollar, 1pound,1 euro and so on. Cos to me na till kingdom come ooo.

Ntor Ntor

McBrooklyn:
Nigeria is even going down just like the Naira itself

ShutdownBrown24:
Fuc!k buhari

Fucking IBB, he started the whole wahala with the IMF.

amagunnerfan:


Le shoeless and not Buhari got us into this mess.

This is exactly the problem. He ruined us. He had plenty but plurged us into debt. Figures below will do justice.

2. UMARU MUSA YAR ADUA (2007 - 2009)

EXTERNAL DEBT:
Inherited: $3,348.22 billion

Left: $3.94 billion Dollars

http://www.dmo.gov.ng/oci/News/docs/Fact%20on%20%20Nigeria%20External%20Debt%20Stock.pdf

EXTERNAL RESERVE
Inherited: $45.0 billion

Grew To: $63 billion in September, 2008
http://www.nigerianmuse.com/20090102021223zg/nigeria-watch/nigeria-s-foreign-reserves-dip-to-52-7-billion/

Left : $47. 7 billion (As at Dec 31st 2009 when Jonathan took over as "Overseer" )
http://www.vanguardngr.com/2011/03/state-of-nigerias-external-reserves-worrisome-cipm-president/#sthash.cXXdNcoU.dpuf

N/B:
The reserve grew when the price of Crude Oil was $147 per barrel
It Slided in Mid 2008 during the recession, when the crude price fell to $35 per barrel in 2009, till his death



3. PRESIDENT GOODLUCK JONATHAN:
EXTERNAL DEBT
Inherited: $3.94 billion Dollars

As At Now: $9.3 billion Dollars

http://www.dmo.gov.ng/oci/edebtstock/docs/External%20Debt%20Stock%20as%20at%2030th%20June_%202014.pdf

FOREIGN RESERVE:
Inherited: $47. 7 billion (As At December 31st, 2009)

As At Now: $38.2BILLION http://www.cenbank.org/intops/Reserve.asp

N/B:
Of the $9.3 billion EXTERNAL DEBT, Federal Government’s owes $6.36b, while ALL 36 States plus FCT owes $3.0 billion

As at 2010, Oil Price was at $89 per barrel

As at 2011, It was $103 per barrel - During Le shoeless' regime.

As at November 2014 it is $100 per barrel http://en.wikipedia.org/wiki/World_oil_market_chronology_from_2003

Meaning, Jonathan have access to more more money than Yar Adua, but he depleted the Foreign Reserve and Still Purge Us into Further Debt With NOTHING to show.

Le shoeless was producing more oil and was selling for more than Buhari, almost 4 times more. Got us into debt to the ton of over $5 billion. Depleted the reserve from $47. 7 billion to $38.2 billion and this is despite selling our crude for more and without militrants unrest.

Now go on and defend your boss.

Kudos to posts with facts that can be verified. Not "i heard" and beer parlour facts

what really happened? Why the big gap now? Something must be done or else our children will suffer.

donciccio:


@Op, give us the exchange rate in 1984 when Buhari was in charge let's compare and contrast.

[size=18pt]1984[/size]
1984 NGN = 6.5156 USD (US Dollar)
1984 NGN = 8.4957 AUD (Australian Dollar)
1984 NGN = 8.6143 CAD (Canadian Dollar)
1984 NGN = 6.3091 CHF (Swiss Franc)
1984 NGN = 43.45 CNY (Chinese Yuan Renminbi)
1984 NGN = 5.7917 EUR (Euro)
1984 NGN = 5.0294 GBP (British Pound Sterling)
1984 NGN = 433.03 INR (Indian Rupee)
1984 NGN = 654.04 JPY (Japanese Yen)
1984 NGN = 88.08 ZAR (South African Rand)

http://www.likeforex.com/currency-converter/us-dollar-usd_ngn-nigeria-naira.htm/1984

[size=18pt]1985[/size]
1985 NGN = 6.5189 USD (US Dollar)
1985 NGN = 8.5000 AUD (Australian Dollar)
1985 NGN = 8.6186 CAD (Canadian Dollar)
1985 NGN = 6.3122 CHF (Swiss Franc)
1985 NGN = 43.47 CNY (Chinese Yuan Renminbi)
1985 NGN = 5.7946 EUR (Euro)
1985 NGN = 5.0319 GBP (British Pound Sterling)
1985 NGN = 433.24 INR (Indian Rupee)
1985 NGN = 654.37 JPY (Japanese Yen)
1985 NGN = 88.12 ZAR (South African Rand)
http://www.likeforex.com/currency-converter/us-dollar-usd_ngn-nigeria-naira.htm/1985

amagunnerfan:


Le shoeless and not Buhari got us into this mess.

This is exactly the problem. He ruined us. He had plenty but plurged us into debt. Figures below will do justice.

2. UMARU MUSA YAR ADUA (2007 - 2009)

EXTERNAL DEBT:
Inherited: $3,348.22 billion

Left: $3.94 billion Dollars

http://www.dmo.gov.ng/oci/News/docs/Fact%20on%20%20Nigeria%20External%20Debt%20Stock.pdf

EXTERNAL RESERVE
Inherited: $45.0 billion

Grew To: $63 billion in September, 2008
http://www.nigerianmuse.com/20090102021223zg/nigeria-watch/nigeria-s-foreign-reserves-dip-to-52-7-billion/

Left : $47. 7 billion (As at Dec 31st 2009 when Jonathan took over as "Overseer" )
http://www.vanguardngr.com/2011/03/state-of-nigerias-external-reserves-worrisome-cipm-president/#sthash.cXXdNcoU.dpuf

N/B:
The reserve grew when the price of Crude Oil was $147 per barrel
It Slided in Mid 2008 during the recession, when the crude price fell to $35 per barrel in 2009, till his death



3. PRESIDENT GOODLUCK JONATHAN:
EXTERNAL DEBT
Inherited: $3.94 billion Dollars

As At Now: $9.3 billion Dollars

http://www.dmo.gov.ng/oci/edebtstock/docs/External%20Debt%20Stock%20as%20at%2030th%20June_%202014.pdf

FOREIGN RESERVE:
Inherited: $47. 7 billion (As At December 31st, 2009)

As At Now: $38.2BILLION http://www.cenbank.org/intops/Reserve.asp

N/B:
Of the $9.3 billion EXTERNAL DEBT, Federal Government’s owes $6.36b, while ALL 36 States plus FCT owes $3.0 billion

As at 2010, Oil Price was at $89 per barrel

As at 2011, It was $103 per barrel - During Le shoeless' regime.

As at November 2014 it is $100 per barrel http://en.wikipedia.org/wiki/World_oil_market_chronology_from_2003

Meaning, Jonathan have access to more more money than Yar Adua, but he depleted the Foreign Reserve and Still Purge Us into Further Debt With NOTHING to show.

Le shoeless was producing more oil and was selling for more than Buhari, almost 4 times more. Got us into debt to the ton of over $5 billion. Depleted the reserve from $47. 7 billion to $38.2 billion and this is despite selling our crude for more and without militrants unrest.

Now go on and defend your boss.

In other words, for development of Nigeria, your heart, soul, feet, mind, head, even the scrotum, are all tied up to cheap cash from crude oil.

How good do you treat the people and land from the SS and SE regions where you get the cheap cash from crude oil?

You use the oil revenues to first develop other parts of Nigeria outside the SS and SE, and leave destruction and underdevelopment in the oil producing areas.
Not even pliable roads are affordable in the SS and SE while the northern region graduated from durable motorways to Standard Gauge Railway Lines costing $1.05 billion.

You are yet to diagnose the disease of Nigeria going down day after day. Continue on your path to denial.

good old days...

Until the death penalty is introduced as punishment for corruption,Nigeria will forever decline.

MadCow1:



Who was Head of State in 1983?




Stay in school puppy..

Good question bro, who was Head of state on 26/09/1983 when the figures above applied? Your oga was only head of state for the final few hours of 1983, be careful dishing out advice eh?

amagunnerfan:


Le shoeless and not Buhari got us into this mess.

This is exactly the problem. He ruined us. He had plenty but plurged us into debt. Figures below will do justice.

2. UMARU MUSA YAR ADUA (2007 - 2009)

EXTERNAL DEBT:
Inherited: $3,348.22 billion

Left: $3.94 billion Dollars

http://www.dmo.gov.ng/oci/News/docs/Fact%20on%20%20Nigeria%20External%20Debt%20Stock.pdf

EXTERNAL RESERVE
Inherited: $45.0 billion

Grew To: $63 billion in September, 2008
http://www.nigerianmuse.com/20090102021223zg/nigeria-watch/nigeria-s-foreign-reserves-dip-to-52-7-billion/

Left : $47. 7 billion (As at Dec 31st 2009 when Jonathan took over as "Overseer" )
http://www.vanguardngr.com/2011/03/state-of-nigerias-external-reserves-worrisome-cipm-president/#sthash.cXXdNcoU.dpuf

N/B:
The reserve grew when the price of Crude Oil was $147 per barrel
It Slided in Mid 2008 during the recession, when the crude price fell to $35 per barrel in 2009, till his death



3. PRESIDENT GOODLUCK JONATHAN:
EXTERNAL DEBT
Inherited: $3.94 billion Dollars

As At Now: $9.3 billion Dollars

http://www.dmo.gov.ng/oci/edebtstock/docs/External%20Debt%20Stock%20as%20at%2030th%20June_%202014.pdf

FOREIGN RESERVE:
Inherited: $47. 7 billion (As At December 31st, 2009)

As At Now: $38.2BILLION http://www.cenbank.org/intops/Reserve.asp

N/B:
Of the $9.3 billion EXTERNAL DEBT, Federal Government’s owes $6.36b, while ALL 36 States plus FCT owes $3.0 billion

As at 2010, Oil Price was at $89 per barrel

As at 2011, It was $103 per barrel - During Le shoeless' regime.

As at November 2014 it is $100 per barrel http://en.wikipedia.org/wiki/World_oil_market_chronology_from_2003

Meaning, Jonathan have access to more more money than Yar Adua, but he depleted the Foreign Reserve and Still Purge Us into Further Debt With NOTHING to show.

Le shoeless was producing more oil and was selling for more than Buhari, almost 4 times more. Got us into debt to the ton of over $5 billion. Depleted the reserve from $47. 7 billion to $38.2 billion and this is despite selling our crude for more and without militrants unrest.

Now go on and defend your boss.

Keep posting crap. Were you not in Nigeria when governors took GEJ to court because he refused to share the money in excess crude oil account ?
That money would have been our saving grace, but they forced him to share it and now you're heaping blames on him.
Since GEJ is the major cause of our problems, what has your silly president done? He has refused to negotiate with the militants and because of his actions/inactions, he has made things even more difficult for Nigerians.
Stop blaming Jonathan, he's no longer our president.