What do you expect?a country where nothing works.After years of independence,no electricity while some of these smaller african countries enjoy steady electricity.I entered a major city last wk around 7pm and everywhere was dark as a result of constant power outage.No single functioning hospital,poor roads dwindling education.Nigeria is doomed.

[quote author=enigma3000 post=53527737]

God did not create this country...Luggard created it and his mistress christened it

No one should believe dis! The Op is a certified liar that spreads false information everywhere!
Haba what a lie!

Omudia:
A weaker currency is almost always refletive of a bad economy. Stop using China as your sole example. Even the U.S. accuses China of currency manipulation.

It wont hurt to admit that Nigeria is a failed nation.

Just like that of Japan and China?

Baba recession has done what he knows best to do.

Plunging the country into hard core hardship.

nigeria has turned to a countryless country.

Some of the countries you listed have devalued their currency eg. Ghana./The Ghana cedi used to exchange for about 1000 cedi to the naira. Even Zimbabwe doar used to exchange for 1,000,000,000 to 1 dollar(so I learnt)

Some of the countries too don't do much importing like Nigeria, hence their currency is strong. Nigeria imports almost everything.




The naira is still stronger than some African countries currency ,but it's losing its value faster.

erosimo:


Who tells you rand is #24? I tell you bro, brother just came back from south africa 1 rand is #79

See as you dey lie korokoro .

erosimo:


Who tells you rand is #24? I tell you bro, brother just came back from south africa 1 rand is #79

Go and sort out your English first. Then port yourself to Google for more knowledge.

Ariel20:



See as you dey lie korokoro .

I earn in rands n naira

erosimo:


I earn in rands n naira

Brother I'm in SA

olapluto:

Go and sort out your English first. Then port yourself to Google for more knowledge.

So google is your own reliable source for forex exchange...too bad for your age though. Anyways, I don't have much to tell you since everything about you is nairaland and if I may ask, I hope your pay master has paid today as usual. Funnily enough bro, I do business in rand everyday.

Ariel20:


Brother I'm in SA

32 I guess

Danielnino00:
Some of the countries you listed have devalued their currency eg. Ghana./The Ghana cedi used to exchange for about 1000 cedi to the naira. Even Zimbabwe doar used to exchange for 1,000,000,000 to 1 dollar(so I learnt)

Some of the countries too don't do much importing like Nigeria, hence their currency is strong. Nigeria imports almost everything.




The naira is still stronger than some African countries currency ,but it's losing its value faster.

Get your facts right
It's revaluation not devaluation

Just30:

Get your facts right
It's revaluation not devaluation

Noted! Am not an expert at banking and money issues anyway. but the fact remains that the naira is stronger than some African countries currency .

Legacy of baba recession

Things falling apart