veekid:
See record wey Mr Buhari yaff break; this generation will never forget this man.......




[size=20pt]never!!![/size]

naira nosedived under IBB

_Na population be our problem in this country jur,let government control it_

The current state of the Nigeria economy needs urgent and drastic measures to return the economy back to shape... The present dollar exchange rate is one of the many factors that's killing the country's economy.. Buhari pls wake up.

steppin:

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.

What did the FG under Le Shoeless do with the excess acruable to them?

Was it the excess crude reserve that also made the foreign reserve depleted? Oh, how about the debt incured during le Shoeless' maladministration? It was the governors too?

discusant:



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.

Let's discuss the subject matter and not your "I am the victim feeling". I am not ready for any sort of bigotry. Defend le shoeless if you must.

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.

Afonja making excuses.

Take pain like a man and stop exhibiting it. Use it to your advantage instead of whining! And dont cry more than the bereaved!

MadCow1:



Fhuck you too..

ANAMBRA11:
Buhari is a kunu sipping gworo chewing nono drinking 9 year aisha fvccking bastard

nice one fuller keep it up

discusant:
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.

You people have no sense. Keep blaming the white man for your woes.

Is it the white man that told yiur stupid leaders not to develop the nation when the oil revenue was at an all time high? Is it the white man that told your leaders to keep looting till we have debt that we will never be able to offset??


Sometimes it's not so hard to think. But then I guess even our dilapidated educational system that same leaders have forfeited would be responsible for our illogical way of reasoning, thus blaming external bodies for the woes.

Jarizod:
Nawa oooooooooooooooo

I need telescope to see the exchange rate very well it was like 1 dallas equal 1.? naira in sept. 1983 if so, let divide N445-N1/33YRS=N13.46K it means our naira devalues with N13.46K average since the last 33 yrs more than 1300% per year.

Decryptor:


[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!

[/s]

He made assertions supported with facts: why can't you prepare your defence to fault facts he presented instead of unnecessary ranting? You need to grow up.

As at 1984 1 naira= 6 us dollars

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.

Your analysis was moving fine until you claimed GEJ has notting to show for the cash he received....
https://www.nairaland.com/2117791/achievements-jonathan-sambo-administration-pictures

[s]

discusant:



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.

[/s]

'The son of the soil" ruled for six years: please tell me his contribution(s) to his native land in one sentence.

steppin:

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.

So Buhari should be blamed for 'sharing' that do not happen under his regime according to your warp logic. When will you start thinking straight?

normac:


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?

But the naira was equivalent to 6 us dollars as at 1984

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

You mean like this?....
[img]http://mwachironavigator.files./2014/10/man-eating-grass.jpg[/img]

Naaa....i'll pass!

Omonigeriarere:
[/s]

He made assertions supported with facts: why can't you prepare your defence to fault facts he presented instead of unnecessary ranting? You need to grow up.

I don't argue with zombies on NL! It's a pure waste of time, energy and data!!

Hypocrisy is when you didn't vote for president Muhammadu Buhari but expect change in eight months... Hmmm
Lunacy is when you expect president Muhammadu Buhari to do in 6 months what Goodluck ebele Jonathan failed to do 6 years. May Almighty Allah protect our president Muhammadu Buhari Amin thumma Amin.

amagunnerfan:
Let's discuss the subject matter and not your "I am the victim feeling". I am not ready for any sort of bigotry. Defend le shoeless if you must.

You create the victim and his feelings, but you wouldn't want him to vent the victim feelings before you.
Because you have the feeling that you are God because Oyibo created one Nigeria for your benefit, while you make victims of those forced into one Nigeria with you.

Now see the rot which the country Nigeria, has developed into. Thank yourself.

Blackberrybabes:
...The economy was so strong that our currency was being spent in other European countries, even in the UK.......

Nice thread, but how did you arrive at this conclusion/information?

if that's for USA then...Japan now unko?

things can never b d same, everything changes, we grow every hour, so u dnt expect everything to remain same way, all we do as they cum up high is to maintain dem so dey dnt affect us.. dats all.

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

Laurent Gba'gboss

Wow. How things have changed...

Aderola15:
Buhari should kukuma sell Naija and gimme my share biko

How much do you think you will cost, should they try to sell you?

masonkz:



You people have no sense. Keep blaming the white man for your woes.

Is it the white man that told yiur stupid leaders not to develop the nation when the oil revenue was at an all time high? Is it the white man that told your leaders to keep looting till we have debt that we will never be able to offset??


Sometimes it's not so hard to think. But then I guess even our dilapidated educational system that same leaders have forfeited would be responsible for our illogical way of reasoning, thus blaming external bodies for the woes.

Yes it was the white man that manipulated our stupid leaders to not develop the nation when the oil revenue was at an all time high.

Yes it was the white man that manipulated our leaders to keep looting till we have debt that we will never be able to offset.

You are simply ignorant of white man's magic. White man can do these things.

abike12:
Wow. How things have changed...

Nothing changes on its own.

This post is WRONG: Im surprised you guys did not figure it out. The Pound sterling has always been stronger than the dollar so how come $1 = 1.5 and and the pound is 1 also, 1 yen is exchanging for =N=366 Make una shine una eye well well oh for so many fake news.

astarotte:


Nothing changes on its own.

Your point is?

Omonigeriarere:


So Buhari should be blamed for 'sharing' that do not happen under his regime according to your warp logic. When will you start thinking straight?

Pls Oga... what would u call the bail out fund shared by buhari??.... After which many states still owe salary and pension... isn't it still the same sharing.... some ppl are ZOMBIES

ShutdownBrown24:
Fuc!k buhari

Who do you think was Head of State in 1983?

Please find out