TOPCRUISE:
Nigerians are the most gullible people on Earth. Buhari said vote for me and I will make $1 equal to one naira. And you all voted for him. Instead one dollar that was N210 is now N481.
When Nigerians complained, Buhari sent bandits, kidnappers and fulani herdsmen to them.
When they protested he arrested and rearrested them.
When they reported him on Twitter. He banned them from tweeting and banned Twitter in Nigeria for removing his tweet.

The question we should ask ourselves is whether we have learnt our lessons

channelstravel:
Emefiele is clueless.

Someone said he sees Dollar exchanging for 1000Naira by the end of 2021! Ahh! I thought he was talking nonsense but see!

Curious345:
Serious .

Aboki will buy dollar for 393 from CBN and sell for 593.

EMEFIELE is selling Nigeria to the Fulani everyday .

And most of the profits made from these "presidency sanctioned deals" go into financing boko haram and FULANI TERRORISTs ORGANISATIONs, like FUNAM and MIYETTI ALLAH.

They buy weapons , helicopters and bazooka to kill and Maim us

LikeAking:


Most of the Arab countries are worse than Nigeria as regards importation yet their currency is still stable.

Nigeria must play outside the rules of class room economics.

This economical rules were created by the whites to favor than and disfavor others.

No country play by the so called economics rules except African countries/ tHIRD world countries.

Its a thing of smartness.

owobokiri:


I can't put it better..
Very frustrating to watch our best brains in economics, most of them trained abroad ofcourse, always parroting the views of their former foreign classmates here, even when such doctrines perpetuate poverty and solidifies Nigerias beggarly existence in the international stage. I don't understand it! Is it that they are incapable of independent thinking or What? Just look at how the local Chinese economists were able to outplay the west and caliberate the best route for communist china to make her life saving entrance into capitalism! If it's here, we will be following whatever that's dished out by the imf and world bank..

Yankee101:
51%?
196 to 410?

Where una learn mathematics from?

That's over 100%!

adonainana:
There are two solutions to this problem
1) Nigeria earns way more in dollars to quench its blood sucking attitude towards imported consumer goods by way of exports

2) locally produced goods are encouraged as substitute for imported goods

Objective 1 can only be achieved if for instance price of crude oil increases to let’s say magically 150$ per barrel so more revenue comes from the sale of crude oil ( because the only thing Nigeria can and will ever sell to anyone outside nigeria is oil )

Objective 2 can never be achieved because objective 2 requires a great manufacturing / industrial revaluation within months if not weeks

Objective 2 involves all of a sudden nigerian producing cars, cranes, motorcycles, iron etc everything Nigerians as at today import

If I was Nigerian president obj 2 looks impossible but much more possible than obj 1.

The easiet way to make a country want to manufacture what It consumes is the free market way. Removal of all entry to trade

No corporate tax on manufacturing companies, ease of doing business, visa on arrival for entrepreneurs and any foreigner, the FG will lose money initially but Nigerians will benefit

Also fix the power, factories need it. Sell one of the power plants to Russia or one of these countries

Power generation is a 19th century problem if you want 10,000 mw of electricity there are some countries that can build power stations for you that within weeks not even months

My two cents

emonis88:

Emefiele is Igbo mind u, he is naija delta , many of them ve said they r not igbo.

LikeAking:


Most of the Arab countries are worse than Nigeria as regards importation yet their currency is still stable.

Nigeria must play outside the rules of class room economics.

This economical rules were created by the whites to favor than and disfavor others.
Thank you.As If only production alone will give a stronger currency.
There are some countries like Seychelles which are import dependent,yet have strong currencies.
The problems we have in this country are greed and corruption especially from the financial institutions in cancoon with the elite.

No country play by the so called economics rules except African countries/ tHIRD world countries.

Its a thing of smartness.

ThatFairGuy1:
Most Nigerian youths are LAZY ASSS M'FUVKING YOUTHS. Buhari is right. All they know is to gossip on Twitter, asss shaking challenge and all sorts of time wasting and unproductive acts

iwaeda:
The value of the naira to the dollar fell from 196.99 in December 2015 to 410 in April 2021, reflecting a 51.95 per cent decline

igbowoman:
When you have a useless president and vp what do you expect?

charlsecy:
A fall from N196.99/$ to N410/$ is 108.12%. It can't be 51.95%!!!

iwaeda:


https://punchng.com/naira-tumbles-by-51-95-despite-cbns-defence-measures/

FarahAideed:
Worst performance of the currency in history both happened under the Buhari stint as military head of state and President...the man is such a monumental disaster