yinkus6750:
So sad how we mismanaged our economy and messed up our financial system.
Greed and corruption killed us.
Other countries had stable exchange rate for decades. But ours is a pitiable and sorrowful one.
Devaluation never helped us .

nigerianvenom:
Muhammad Sanusi II, the emir of Kano and the immediate past governor of the Central Bank (CBN), says President Muhammadu Buhari’s endorsement of the CBN foreign exchange policy encourages corruption.

Lauding Buhari’s removal of “wasteful and corrupt fuel subsidies”, Sanusi said the current forex policy endorsed by the president encourages similar rent seeking and corruption which trailed the subsidy regime.

“He (Buhari) has put an end to the [crude] swap regime which is also one side of rent-seeking and corruption . . . he has made the NNPC start producing accounts, so there is greater transparency,” Sanusi told Financial Times.

“These measures are good for the economy and display strong political will to change the system. But getting monetary and fiscal policies right will be crucial for broader progress in structural reform.”

FT quoted the emir as saying the president’s anti-corruption stance was “totally inconsistent” with the foreign exchange regime he supported, adding that it “encourages corruption and rent-seeking similar to the fuel subsidy regime”.


https://www.thecable.ng/sanusi-buharis-fx-policy-encourages-corruption

titiloyeblog:


...

You are a 'crimira' (in eventuary's voice)

lilmax:
All the leaders during these periods should be executed even the dead ones

SamOyovwi:
17 naira to a dollar when I was born. Buhari is the cause everything

Tomoyayi:
2015/16 1 Dollar was like 500 (bureau de change)

Simplyleo:
Wish I can quickly rewind to 1972, convert naira to dollars then forward again to 2019 with my dollars.

titiloyeblog:
Below is a picture of what the exchange rate looks like from 1972 till date.

Which was the price when you were born?

source: https://www.titiloyeblog.com/2019/08/history-of-naira-to-dollar-exchange.html

GOFRONT:


It can only get worse in Nigeria.....Can't wait to see $1 to N1,000

titiloyeblog:
Below is a picture of what the exchange rate looks like from 1972 till date.

Which was the price when you were born?

source: https://www.titiloyeblog.com/2019/08/history-of-naira-to-dollar-exchange.html

SamOyovwi:
17 naira to a dollar when I was born. Buhari is the cause everything

Simplyleo:
Wish I can quickly rewind to 1972, convert naira to dollars then forward again to 2019 with my dollars.

LZAA:

The us refused to have business with abacha...openly
They ordered their lackeys instead
Infact apart fro moslem countries and african nations nigeria was a pariah nation during that period

immhotep:
But. . . . but . . .but . . .Dullapo promised to make one naira equal to one dollar.
What happened?

CC GMbuharii lzaa deomelo sarrki madridguyl blackpanda mannabbqgrill buhariguy yarimo Roger3d rekhina adaibeku amatarasha justiceleague1
yarimo gaskiyamagana

Simplyleo:
Wish I can quickly rewind to 1972, convert naira to dollars then forward again to 2019 with my dollars.

Simplyleo:
Wish I can quickly rewind to 1972, convert naira to dollars then forward again to 2019 with my dollars.

Ekakamba:
PROVOKING! But wetin I know sef?

Civilian took over and boom! The Naira starts plummeting.

Dblaiz:


No sir! our so called democracy started in 1999... To answer op... Looters took over. Period!

Fragility6:
Under our Saint Obi president. The one who never steals, white as snow,our everlasting perfect presido, naira increased two times from 199-300 and 300-363. Na God help us sef,at a time it was 405naira.

MrMou:

The shameless satanic & demonic PDP with Obj & the shameless international thief, Atiku, in power supervised the greatest increase in the dollar. They met dollar at 23 naira when they assumed officer in 1999 & took it to about 123 naira within their first term in power! That's almost a whooping 500% increase! No other administration recorded such crazy increase!