I heard Buhari and APC supporters are buying big tubers of yam at Mile 12 market for N35.

Only Ibos, PDP members and all other Nigerians are the ones buying at N1,500 per tuber

Foolish followers = Bad leaders

Gerrard59:


Excuses!

So, you didn't know Buhari's antecedents as far back as 1984?

Ignorant riff-raff!

How has your ominscience benefited anyone so far? If your revered GEJ did well, a serial loser like PMB would not have been considered as hope. Go and cry to GEJ who makes it a point of duty to associate with PMB on a monthly, maybe he would care for your omniscience.

Maxymilliano:
One thing I know about Nigerians is that we suffer from collective amnesia and forgets easily.

Watch them vote and recycle the same old looters with the hope that it will be better next time.

Don't mind the myopic hypocrites.... It's just the beginning of serious suffering

Image123:


How has your ominscience benefited anyone so far? If your revered GEJ did well, a serial loser like PMB would not have been considered as hope. Go and cry to GEJ who makes it a point of duty to associate with PMB on a monthly, maybe he would care for your omniscience.

Bloody ret@rd! When your mates and even younger ones were reading Nigeria's history, you were sucking elrufai d!ck and eventually swallowed his cum. See where it has landed your cerebrum?

Refined Olodo! Go and check the recent tweet of the mass murderer you campaigned and voted for in 2015! Nonsense! You voted Buhari because he would bring change. Why are Nigerians who are relocating not going to Yemen but Canada? To improve their lives, but as the cretinous fvcktard that you're, you voted for an incompetent administrator but adroit Islamist to rule Nigeria.

Idiat, that's who you're.

I just hope this country do not become once upon a time in Nigeria

iwaeda:


https://punchng.com/rising-food-prices-serial-naira-devaluation-compound-nigerians-woes-as-purchasing-power-plunges/?

You buy a tuber of yam at N1500 because ATMS only dispense N1000 and N500 so prices will only tend to these amounts.

Una never chichonchin

ednut1:
baba ati iyami wa ni 9ja

lol..OK sir

Gerrard59:


Bloody ret@rd! When your mates and even younger ones were reading Nigeria's history, you were sucking elrufai d!ck and eventually swallowed his cum. See where it has landed your cerebrum?

Refined Olodo! Go and check the recent tweet of the mass murderer you campaigned and voted for in 2015! Nonsense! You voted Buhari because he would bring change. Why are Nigerians who are relocating not going to Yemen but Canada? To improve their lives, but as the cretinous fvcktard that you're, you voted for an incompetent administrator but adroit Islamist to rule Nigeria.

Idiat, that's who you're.

Obviously a waste of education and time is what you are trying very hard to be. Hardworking pays, i'm through with my sessions with you. Wait for the bell and watch the chains dear.

Frontail:
... Shebi ! Na importing we sabi pass ?
Price go come down when we learn to produce !

Country wey forget Real farming and carry food importations for head ! Wetin una think say go happen at the long run?

What as importation got to do with local products such as foood, do we import tomato, onions,yam, garri, groundnut oil or beans all these products are locally made yet they bear 100% increment ... asides rice which other food are we importing is it indomie
What positive effect did border lock down bring upon our economy if not inflation ... price of local commodity even went above the previous prices of foreign goods. the margin is not even luring
We need to understand, nigeria is a country with abnormal people everyone is selfish & overzealous in making money, the higher the demand for local product, the higher the price with a spontaneous decrease in quantity & quality. why would a product such as engine oil locally produces make over a 100% increase within 6months, is it also importation.
I think nigeria should be exempted from adopting economy theories its for normal people normal country .. common sense is what we need here.

Sai baba until 2040

Sai baba until infinity

By the time Buhari finish with Nigeria, hell will be a better place

Image123:


Obviously a waste of education and time is what you are trying very hard to be. Hardworking pays, i'm through with my sessions with you. Wait for the bell and watch the chains dear.

You should have been better educated when campaigning and voting Buhari, a self-styled West Africa's Hitler, in 2015.

Idiat!

[quote author=AntiBMC post=102256252]Things will keep getting worse nd worse as long as these fulani pple are calling the shots in the govt.

There will never be any improvement. We won't b surprised if by 2023, a dollar will be going for 1000 naira. Always expect the worst with this govt, and I'm not even joking.
Few days ago one dollar rose to N495! I think this writer did a good job that we should all critically look into.

US Dollar vs NIG Naira: The Real Issues.

- Dr Oni Gbolabo

1. Appreciation and depreciation of currency is not related to race or color or who is the president be it Hausa Igbo or Yoruba. It is basically about production of goods and services and the demand of your products in the world market. A confused country that produces almost nothing will never meet up, policies only control your currency not the value of another countries currency against yours.

2. A country where over 500 industries died within 30 years must be stupid to complain of depreciation of her currency. We keep killing local industries and expect policies to make it up, it's a joke sir. Don't use China as an example if depreciating currencies and strong economy, China produces and may attract more export with that strategy unlike Nigeria that produces nothing.

3. A country where someone carried $2+billion simply to be shared is already a doomed one in terms of monetary policy and value. A country that produces Dizeani and Bafarawa who spent billion to appease demons. Those money without economic value is an economic poison injected into the system.

4. A country that favours importation over local production is doomed because it creates employment for another country while sacking her own citizens. Some people are working in Michelin and Dunlop somewhere, yet we use the tyre here. Don't tell me principle of comparative advantage here, it's not applicable.

5. A country that exports all raw materials without adding value is shameless to talk of depreciation of currency, to later re-import finished products of that materials is the peak of daftness. A bag of cocoa will go for like N1 million naira but when it is processed it will worth around N7million. Even farmers who produced raw cocoa can't buy chocolate.

6. A country that deliberately operate banking system that gives loans to importers at the expense of local industries is doomed and should say nothing about depreciation. Most of the loans are given to senators and representatives not industrialists.

7. A country that give loans in billions to agric sector without monitoring & evaluation of such loan on how it gets to the real farmers is a sham. A guy collected over N2 billion agric loan, he bought a jeep, built a nice house and use the rest to import processed pork. Meanwhile, local pork farmers are dying here. Is that not a double tragedy, stressing forex at the same time killing local industries.

8. A country that spend more on few privileged politicians at the cost of the populace who are unemployed should not talk about money depreciation. A country that keeps paying NNPC staff N10 billion as salaries every month when a single drop of petrol was not processed shout shut up about depreciation of currency. Crime is rising as value added to the initial failure.

9. A country where it is difficult for investors to register businesses because of the governent officials demanding for bribe. Right from airport, to hotel, to minister to governors investors will bribe, all these are part of cost of investment. A friend brought investor on estate development just for the state commissioner in charge to demand 30% of the investment. To see the governor in a state will cost you N2 million as bribe before you can be scheduled. This is a state as poor as anything.

10. A country where the cost of travelling for treatment abroad by officials will build world class hospitals should not talk about naira against dollar parity. Money taken to that trip is part of stress on forex.

11. A country where few people have access to federal reserve and those few can get loans are not because of what they can produce but the connection they have, is that country not gone already?

12. A country where we import what we produce because it's cheaper over there is gone.

13. A country that has arable land, teaming idle youths and still complain of hunger should not talk about currency depreciation. It's annoying.

14. A country where free money flows can never control inflow and outflow of forex. Imagine someone who wants to hide his loot went to Aboki to buy dollars worth $50 million just to hide it in the basement of his house. That money has no economic value yet it deprived those companies that need it to import raw materials, those companies go to Aboki to buy at exorbitant price.

15. A country where a strong bank owners can influence shares from within Stock Exchange room to inflate their shares worth from N20 to N150, crash the same share to N30 and ready to buy it back at N28 all within a year. Forget it, currency will never appreciate in such economy.

16. A country where banks are involved in round tripping and inflated cost to siphon money is doomed. A company wants to import caterpillar worths $50,000. A bank made the forex $550,000j meanwhile no caterpillar was imported at last yet the money faded into private ac
counts. Who strain forex in that case?

Few days ago one dollar rose to N495! I think this writer did a good job that we should all critically look into.

US Dollar vs NIG Naira: The Real Issues.

- Dr Oni Gbolabo

1. Appreciation and depreciation of currency is not related to race or color or who is the president be it Hausa Igbo or Yoruba. It is basically about production of goods and services and the demand of your products in the world market. A confused country that produces almost nothing will never meet up, policies only control your currency not the value of another countries currency against yours.

2. A country where over 500 industries died within 30 years must be stupid to complain of depreciation of her currency. We keep killing local industries and expect policies to make it up, it's a joke sir. Don't use China as an example if depreciating currencies and strong economy, China produces and may attract more export with that strategy unlike Nigeria that produces nothing.

3. A country where someone carried $2+billion simply to be shared is already a doomed one in terms of monetary policy and value. A country that produces Dizeani and Bafarawa who spent billion to appease demons. Those money without economic value is an economic poison injected into the system.

4. A country that favours importation over local production is doomed because it creates employment for another country while sacking her own citizens. Some people are working in Michelin and Dunlop somewhere, yet we use the tyre here. Don't tell me principle of comparative advantage here, it's not applicable.

5. A country that exports all raw materials without adding value is shameless to talk of depreciation of currency, to later re-import finished products of that materials is the peak of daftness. A bag of cocoa will go for like N1 million naira but when it is processed it will worth around N7million. Even farmers who produced raw cocoa can't buy chocolate.

6. A country that deliberately operate banking system that gives loans to importers at the expense of local industries is doomed and should say nothing about depreciation. Most of the loans are given to senators and representatives not industrialists.

7. A country that give loans in billions to agric sector without monitoring & evaluation of such loan on how it gets to the real farmers is a sham. A guy collected over N2 billion agric loan, he bought a jeep, built a nice house and use the rest to import processed pork. Meanwhile, local pork farmers are dying here. Is that not a double tragedy, stressing forex at the same time killing local industries.

8. A country that spend more on few privileged politicians at the cost of the populace who are unemployed should not talk about money depreciation. A country that keeps paying NNPC staff N10 billion as salaries every month when a single drop of petrol was not processed shout shut up about depreciation of currency. Crime is rising as value added to the initial failure.

9. A country where it is difficult for investors to register businesses because of the governent officials demanding for bribe. Right from airport, to hotel, to minister to governors investors will bribe, all these are part of cost of investment. A friend brought investor on estate development just for the state commissioner in charge to demand 30% of the investment. To see the governor in a state will cost you N2 million as bribe before you can be scheduled. This is a state as poor as anything.

10. A country where the cost of travelling for treatment abroad by officials will build world class hospitals should not talk about naira against dollar parity. Money taken to that trip is part of stress on forex.

11. A country where few people have access to federal reserve and those few can get loans are not because of what they can produce but the connection they have, is that country not gone already?

12. A country where we import what we produce because it's cheaper over there is gone.

13. A country that has arable land, teaming idle youths and still complain of hunger should not talk about currency depreciation. It's annoying.

14. A country where free money flows can never control inflow and outflow of forex. Imagine someone who wants to hide his loot went to Aboki to buy dollars worth $50 million just to hide it in the basement of his house. That money has no economic value yet it deprived those companies that need it to import raw materials, those companies go to Aboki to buy at exorbitant price.

15. A country where a strong bank owners can influence shares from within Stock Exchange room to inflate their shares worth from N20 to N150, crash the same share to N30 and ready to buy it back at N28 all within a year. Forget it, currency will never appreciate in such economy.

16. A country where banks are involved in round tripping and inflated cost to siphon money is doomed. A company wants to import caterpillar worths $50,000. A bank made the forex $550,000j meanwhile no caterpillar was imported at last yet the money faded into private ac
counts. Who strain forex in that case?

Terrible

iwaeda:


https://punchng.com/rising-food-prices-serial-naira-devaluation-compound-nigerians-woes-as-purchasing-power-plunges/?

Sai Baba!

HE should continue the good work as we give him a third term to run

Fulanis will impoverish all of you as they did to their Hausa slaves. You thought its an accident that prices are skyrocketing without any thing been done?

To manage the slaves effectively you make them live under your mercy.

[quote author=walefresh3 post=102281624][/quote]

Thanks for sharing this piece. So many problems than the govt is willing to fix. Little wonder they keep printing money. Such a tragedy.