Ehiscotch:
This should normally be bad news as a lower dollar to naira exchange rate encourages massive importation thus encouraging consumerism.

But since we want all the borders opened and 1 dollar to one naira; let's embrace importation of everything from pencil to toothpick because no manufacturing sector can compete locally and internationally.

I wish the dollar stays high but local production be ramped up to meet national demand and some products with which we have high comparative advantage (ability to massively supply) should be banned.

??

How many things can we produce locally?

Abobi
I still love dollars

Biglittlelois:
You call 470 naira to a dollar bouncing back

What happen to #1=$1 that was promised in 2015

What they meant is #1000 = $1

They mistakenly ommited the zeros

It will go back to N500

Okay

tensazangetsu20:

It's easy to sit behind a keyboard and talk. Have you tried exporting anything outside Nigeria before. Go and do that and come back and talk.

You are so dumb,he wasn't talking about export,rather satisfying local demand since as imports will be too expensive.
Besides,I've noticed you are very lazy and like to drag everyone down with you.
Because you haven't succeeded with export means it is impossible?
What a dunce,later you'd be screaming unemployment up and down,entitled cow.

Diasporans and freelancers saving the Naira once again.

Abobi
Back then we were deceived that one day 1naira will equals 1dollar

Jostoman:
No be only bounce back na somersault.

Na crawl back

Naira bounces? Abeg when it's not yet after 8 months.

Naira is now bouncing ball

Iogobenz:
You are so dumb,he wasn't talking about export,rather satisfying local demand since as imports will be too expensive.
Besides,I've noticed you are very lazy and like to drag everyone down with you.
Because you haven't succeeded with export means it is impossible?
What a dunce,later you'd be screaming unemployment up and down,entitled cow.

You are a very big idiot. I really hate when someone makes a comment and then another person comes and starts insulting. If you can't make reasonable comments without any form of insults then don't make them. Fool.

Ehiscotch:
This should normally be bad news as a lower dollar to naira exchange rate encourages massive importation thus encouraging consumerism.

But since we want all the borders opened and 1 dollar to one naira; let's embrace importation of everything from pencil to toothpick because no manufacturing sector can compete locally and internationally.

I wish the dollar stays high but local production be ramped up to meet national demand and some products with which we have high comparative advantage (ability to massively supply) should be banned.

This is text book economics which isn't applicable in Nigeria. If not, it will amount to putting d cart before d horse

Shameful nation, shameful blacks

Is it the same naira that is 485 now? Lol

The benefits of remittances from Nigerian abroad cannot be overemphasized.

That is why i was angry at this administration not doing enough to reverse visa ban from USA.

Due to almost non existence FDI, my people now remember obodo oyibo people to help with dollar yet they are not doing enough to help those who have the means to immigrate to the USA.

FG, negotiate with the USA , to reverse the ban

lexy2014:


This is text book economics which isn't applicable in Nigeria. If not, it will amount to putting d cart before d horse

How is it not applicable to Nigeria?

Iogobenz:
How is it not applicable to Nigeria?

because nigeria isn't a producing economy

Stupid story for zombies!

Naira don turn bouncer

Bouncing baby

Biglittlelois:
You call 470 naira to a dollar bouncing back

What happen to #1=$1 that was promised in 2015

you no go read and understand before you comment, smh

Tonda faya all of una.

Covidiots

Those that trade forex will always understand N500 will always be a resistance.. it may even reconcile at the price for long but the day it break it ...oooh my God it is going to N700

Iogobenz:
I insult because you are obviously an ìmbecile,so I've got to remind you how foolish you are.
You should be thanking me for showing you how much of a big fool you are,
Ciao.

cc: mynd44,dominique,justwise,oam4j

Is that the bouncing back?
Why can't it bounce back to where it was before may 29 2015 ?

DennisEche:
MCHEW, YOU CALL 470 BOUNCE BACK.
A MAN WHO PROMISED TO MAKE 1 NAIRA EQUATE ONE DOLLAR.
OGUN GO KILL ALL THE ZOMBIES THAT SUPPORTED AND STILL SUPPORTING THE DULLARD

Aseeeee..

lexy2014:


because nigeria isn't a producing economy

A country with a GDP of $450B isn't a producing economy?
Then what is?

SHAME is when 1USD = N470 ....SMH!!!

Meanwhile, if you chat me up now, I will deliver enlargement gel to your preferred address in Lagos.
The gel is just 5K!