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Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User (29568 Views)

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Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by malware: 6:11am On Feb 04, 2017
I came across this question asked by a facebook user who happen to be a Northerner, on the incessant hike in the dollar exchange rate. See the question:

How did the Dollar stay at N170 for 4 years under "massive looting of surpluses"? How is it now at N510 under "massive savings"? Why?

18 Likes 3 Shares

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Nobody: 6:12am On Feb 04, 2017
malware:
I came across this question asked by a facebook user who happen to be a Northerner, on the incessant hike in the dollar exchange rate. See the question:

How did the Dollar stay at N170 for 4 years under "massive looting of surpluses"? How is it now at N510 under "massive savings"? Why?
Na today,una never chi chumchin...sai buhari sai baba grammy song don pass!

43 Likes 2 Shares

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by okosodo: 6:32am On Feb 04, 2017
There was no looting under jonathan, it was just propaganda. The looting going on now is epic coupled with tribalism and injustice. Any currency will melt under these conditions

293 Likes 24 Shares

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by amarachi06(f): 6:33am On Feb 04, 2017
Thank God our wailers form has finished cos we have stopped accepting people. As for PMB, he knows his time has passed but just wanted to mess us up again before dying and for rejecting him.
My problem is with those that repackaged a brain dead individual to head a complex Country with no economic or education to his advantage. In a sane Country, he will be given EFCC chairman since he admires corruption.

212 Likes 12 Shares

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by SalamRushdie: 6:34am On Feb 04, 2017
The reason is Buhari simple!!!

53 Likes 1 Share

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Drversatile: 6:38am On Feb 04, 2017
okosodo:
There was no looting under jonathan, it was just propaganda. The looting going on now is epic coupled with tribalism and injustice. Any currency will melt under these conditions
God bless you, I tell people but they don't believe

172 Likes 13 Shares

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by medpren: 6:40am On Feb 04, 2017
More lamentations from zombies in that country called zoogeria. Let them all die of hunger.

24 Likes

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by MakeADifference: 6:40am On Feb 04, 2017
The few forms I have here is in demand like hot cakes. I reserved a few for Tinubu, Femi Falana, Tunde Bakare and other high profile anti-wailers. I know very soon they'll beg to apply.

You know the one first lady returned after they threatened her for coming out of sitting room, kitchen, and the otherroom? I just gave that one to ...

Don't let me talk more than that.


amarachi06:
Thank God our wailers form has finished cos we have stopped accepting people. As for PMB, he knows his time has passed but just wanted to mess us up again before dying and for rejecting him.
My problem is with those that repackaged a brain dead individual to head a complex Country with no economic or education to his advantage. In a sane Country, he will be given EFCC chairman since he admires corruption.

72 Likes 4 Shares

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by konfused: 7:07am On Feb 04, 2017
THIS IS EXACTLY WHAT HAPPENED IN 2015.
*During campaign*
APC: Young man what are you eating?
Nigerian: Rice
APC: Rice and what?
Nigerian: Rice and one meat.
APC: What are you drinking?
Nigerian: Fanta.
APC: This is bad, you deserve rice and beans with at least 5 meats and your choice drink.
Nigerian: Is that so?
APC: Yes. Make our candidate your cook and we will see to that and more.
*Nigerian votes. APC wins,
#Day 1*
APC: Food is ready.
Nigerian: What do we have.
APC: Beans and pure water.
Nigerian: No meat?
APC: No meat, I met the kitchen virtually empty.
*Nigerian eats*
#Day 2.
Nigerian: No food today?
APC: Nope, your cook travelled.
#Day 3
APC: Food don ready:
Nigerian: What do we have today?
APC: Beans.
Nigerian: No pure water?
APC: The last cook looted your kitchen.
#Day 4
Nigerian: No food today?
APC: Nope, your cook travelled. He's gone to recover your looted meat, bread, sugar and other cooking items.
Nigerian: But at least there should be something to eat.
APC: He used the remaining to fund his journey and repair his plane.
#Day 5
APC: Food is ready.
Nigerian: What did you cook?
APC: Cook kee, the economy is bad and oil price is nose diving so manage this garri, kuli kuli and milk.
Nigerian: So we can't afford beans now?
APC: The last cook used fulani herdsmen to destroy our ban and embarrass your new cook
Nigerian: No sugar?
APC: The last cook used all the sugar.
#Day 6
Nigerian: Wetin dey today.
APC: Garri dey... If you get money go use am buy kuli kuli and milk.

444 Likes 73 Shares

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by BlackSeptember: 7:12am On Feb 04, 2017
The Northerner are tired but religious sentiments won't allowed them to speak up.


Fizznation has gone under

67 Likes 4 Shares

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by kings09(m): 9:00am On Feb 04, 2017
grin Sarrki n madridguy. Com n see dis ipob-wailer northerner lamenting oo. He is betraying ur religion by criticizing a fellow Muslim n fulani. Call DSS to arrest for such crimes against islam grin grin

82 Likes 4 Shares

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by emmabest2000(m): 9:00am On Feb 04, 2017
Confused Government

26 Likes 2 Shares

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Mrsgohui: 9:00am On Feb 04, 2017
Becos is buhari

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Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by martineverest(m): 9:01am On Feb 04, 2017
its really appalling that educated nigerians are writing all these.

As a non-partisan,who isnt happy with the current leadership,i admit that d current situation is as a result of massive looting.

The problem with most nigerians is that they dont learn from history.

Is he isinuating that we go back to looting?

14 Likes 2 Shares

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Cunninlinguist: 9:02am On Feb 04, 2017
This country is sitting on a keg of gunpowder

6 Likes

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by smudge2079(m): 9:03am On Feb 04, 2017
We are finished...now i agree change is not always what we need. A known devil is better than the unknown angel. undecided

10 Likes

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by anibi9674: 9:04am On Feb 04, 2017
chai
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by TheGoodJoe(m): 9:04am On Feb 04, 2017
Na wa.

Dollars was available during GEJ's time because of massive inflow of dollars. It means dollars was not scarce due to high prices of Crude Oil and sales in large quantities.

Today, due to the drop in demand of Crude Oil internationally, low Crude Price and disturbances in the Niger Delta, there is less dollars in the system. There is low sales with low Crude Oil Prices. This makes dollars scarce and the high exchange rate.

So it is not a case of massive looting or massive savings.

34 Likes 6 Shares

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by 0b10010011: 9:04am On Feb 04, 2017
Whoever asked such question is a stack illiterate and has no iota of knowledge about Economics with regards to Nigeria.

Very lame and quack question!

10 Likes

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Chuukwudi(m): 9:05am On Feb 04, 2017
Nonsense

1 Like

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by ednut1(m): 9:05am On Feb 04, 2017
in these parts Truth is taken for pessimism. Australia abeg con gimme visa o

14 Likes

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Dandsome: 9:05am On Feb 04, 2017
Alright. I'll BRB
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Lordsocrates: 9:06am On Feb 04, 2017
Idiots like this glory on their ignorance and feel they know all.
by 2014 oil started falling and when it was sold for 76dollar per barrel, and Nigeria exporting 2million Barrels a day.. NOI Came out to tell us to prepare for hard time.

http://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html

and this idiot is comparing when oil our nations main n only export, sold for $140 dollars to when it fell to 20dollars


http://www.ecowatch.com/oil-prices-drop-below-30-a-barrel-for-first-time-in-12-years-1882149073.html

per barrel and only recently rose to 40dollar per barrel.
and some idiots are hoping to enjoy importing all they were importing while oil price was at 140per barrel, now that it has not just fallen to 40dollar per barrel, but we are exporting less than a million barrel per day as a result of the Avengers.

i

10 Likes 1 Share

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by ba7man(m): 9:06am On Feb 04, 2017
All these olodo people don't even know know what determines the exchange rate of currencies.......

I'm not going to educate anyone, I prefer they wallow in their ignorance and scream "Buhari".

The social media has exposed lots of Nigerians as dumb and ignorant.

19 Likes

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Lordsocrates: 9:06am On Feb 04, 2017
take for example, Your Dad was working at shell, earning 140,000 naira every week, and you guys were swimming In money flexing it as however you liked.

however, as a result of unforseen circumstances, the company reviewed his salary. and he is now earning just 40,000 from the 140,000 and instead of earning it a week, he is jus earning it a month.

So tell me, will you people still be buying the latest cars and having loads of money to spare, now that your dads means of revenue has taken an 80% slash, from 140,000 to 40,000, and from earning it per week to earning the 40,000 per month.
if you guys didn't save up money for a rainy day like now, won't you guys no start selling off your luxuries to survive,

Nigeria problem is easy to understand, Just that some folks are just tooooo dumb, same way our leaders were too dumb to not save up in time of plenty.

shebi the say "Our Hero, " ? its easier to see that the dumbness is viral, from mentor to mentees " the apple really didn't fall far from the tree.

15 Likes 2 Shares

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by passyhansome(m): 9:07am On Feb 04, 2017
Afonjas and my illetrate and brainwashed brodas choose this path, Meanwhile long live the dullard

3 Likes

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by duality(m): 9:08am On Feb 04, 2017
[b][b] Play "For Instance"
Powered by Stream-it.online
"For Instance"

[Whistling]

Eh!...Chineke me!... Ew!

Ala Oyi e!.. Ala Oyi e!
Ala Oyi e!.. Ala Oyi e!

For instance
Say na me be one wey dey give chance
Say na me be one wey dey make plans
For all man to benefit
Abi to make we disagree
Abi na to create chance
But now am not of importance
Cos now I am looking from a distance
That's why you give them the chance
To turns us ...to turns to victim of circumstance
Them just dey ignore our existence
Them just dey use excuse buy chance
Like them no know say we dey
Them dey use us dey play
...
When we stand for resistance
All in the act of exploitance
Abi we just be living in a trance
Ayi oh! my God!
Ala Oyi e!

This thing that am feeling
Is a feeling of love
And you know say is so... Ala Oyi e!
This thing no go go
Then u know I go slow... Ala Oyi e!
This thing is affecting your thing
And is killing your soul... Ala Oyi e!
See this type of thing we we dey feel
They make me dey want to dey... Ala Oyi e!
Even if I want to dey cheat
I go still dey want to dey... Ala Oyi e!
Stand look around you
I bet you go dey want to dey... Ala Oyi e!
Ala Oyi e! for the thing wey u see wey make you Ala Oyi e!

For instance
Say na me be Baale of Nigerians
Say na me be one wey dey make plan
Say I go create a scenery where better go plenty
Make we dey give chance
Instead to dey pack the money go France
To make suffer to full in abundance
To make me run run away
To a place where ebi say
I go feel like Europeans
Where them go respect my skills for instance
Where them no go dey play pranks
Ontop people wey work the way
Wey give them the key
To chop substance
As them know say we be freelance
Their looting no dey give us assurance
Repentance no dey their plane
E dey create annoyance for my heart
So Ala Oyi e!

This thing that am feeling
Is a feeling of love
And you know say is so... Ala Oyi e!
This thing no go go
Then u know I go slow... Ala Oyi e!
This thing is affecting your thing
And is killing your soul... Ala Oyi e!
See this type of thing we we dey feel
They make me dey want to dey... Ala Oyi e!
Even if I want to dey cheat
I go still dey want to dey... Ala Oyi e!
Stand look around you
I bet you go dey want to dey... Ala Oyi e!.
Ala Oyi e! for the thing wey u see wey make you Ala Oyi e!

Make we dey give chance... Ala Oyi e!
Instead to dey pack the money go France... Ala Oyi e!
To make suffer to full in abundance... Ala Oyi e!
Ala Oyi e!... Ala Oyi e!... Ala Oyi e!
[/b][/b]

11 Likes

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Nobody: 9:08am On Feb 04, 2017
0b10010011:
Whoever asked such question is a stack illiterate and has no iota of knowledge about Economics with regards to Nigeria.

Very lame and quack question!

zombie
soludo without degee, pls explain


undecided

13 Likes 1 Share

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Onechancearmy(m): 9:09am On Feb 04, 2017
Because the du-llard made electoral promises which his mediocre mental capacity cannot fulfill.

9 Likes

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by TheGoodJoe(m): 9:10am On Feb 04, 2017
MC Reality: Why did you not call me to help you with your homework?
Niece (Ada): I do not want to fail.
MC Reality: What do you mean?
Niece: The One you do for me, I get 0 over 10.
MC Reality: 0 over 10?
Niece: My teacher said you are an Olodo.
MC Reality: Idumota



https://www.youtube.com/watch?v=-iIa4hSqI-g

2 Likes

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Dannidom(m): 9:10am On Feb 04, 2017
The badluk wey dey follow this buhari no be here even the angels wey God dey send to his children buhari don block am

3 Likes 1 Share

Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by sekem: 9:10am On Feb 04, 2017
okosodo:
There was no looting under jonathan, it was just propaganda. The looting going on now is epic coupled with tribalism and injustice. Any currency will melt under these conditions

Tell your doctor I said he should treat you with drugs for dissociative cognizance.

I hope you got words correctly?

I said, dissociative cognizance.

11 Likes 2 Shares

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