SlyDev:
If Nigeria want to make their money stronger, they need to stop importing and start manufacturing to export

But the last time Buhari closed border to boost local production, some bigots said he is targeting a tribe.

He closed border and rice became so expensive, while dangote and rabiu were allowed to access the border. Is that how to close border, and of what essence, when no positive impact

SlyDev:
If Nigeria want to make their money stronger, they need to stop importing and start manufacturing to export

But the last time Buhari closed border to boost local production, some bigots said he is targeting a tribe.

Simply BC he left the borders on the Northern parts of this country open to bandits & smugglers. What about that Mr defender of the President?

Alfamann:


Please tell us what we can buy with #780

With N780, I can buy 4lts of PMS for my Honda and one bottle water.

Or I plate of Fish/Goat meat ppsoup @N500 and One cold bottle of Trophy Lager @ N280 at SandraBar

Or, Ikg of cooking Gas

Or 2 Belleful Indomie with Four big Eggs.

Or, Amala N200, Ogunfe 500, table water N50 at Olasheu restaurant.

Or, 5 bottles of Kakaraka bitters with 5 big peppered ponmo.


Or, N500 airtime, with N200 Data, I dey flex Airtels 1Gb of Data @ 200 now sef

I can go on and on...



Meanwhile, that godforsaken old coin cannot buy a ltr of PMS not to talk of Lager beer in the UK.

aremuforlife:

Stop believing rubbish, you have just been fooled by your imaginary friend.
Even the pounds we are talking about, what can you use one pound to buy in UK?
We all know what we can buy with #780.
Devaluation of naira should be a blessing to us, but we are too lazy to work on the advantages.
Devaluation of naira is more profitable to diasporians.

For your eye you make sense..
So what can you do with 1naira there lays the comparison.
You can buy a bottle of coke with 1 pound and still have change.
You can buy face mask
You can buy bottle opener
You can travel with 1 pound
As a student your hostel fees is less than 1 pounds for a night.
Local nairaland champion

SlyDev:
If Nigeria want to make their money stronger, they need to stop importing and start manufacturing to export

But the last time Buhari closed border to boost local production, some bigots said he is targeting a tribe.

Lolz, every country in the world imports. Same with Nigeria.
Who tells you Nigeria does not export? We export oil, natural gas and solid minerals. Who says we do not manufacture or export? Go into any large supermarket eg justrite, you will notice atleast 70% of product sold there are made in Nigeria. Is it soap, sanitory pads, tin tomatoes, detargent, insecticide, ice cream, confectionary, noodles, flour etc you name it.
Go around Africa an you see our products, do you know containers of guiness, Nbl product leave this country for the US and Europe, Asia daily, indomie nko, my paddy in Maryland u.s.a ships all, up to garri, ground nut, drid fish in containers!
Dont let anybody deceive you. The problem is mismanagement.
All these so called palative money that was shared, today you hear 100b, tommorw 500b, where do you think it came from? This is a gov that claims no money ohh.
Where do you think the 5k they want to give 40m Nigerian monthly will come from? PRINTERS! Have you heard the leaked audio tape of amechi? Ask YouTube.
He spoke of how they printed money! Naira will be printed by cbn to give you 5k, it is even easier with enaira.
When you print money and share it causes inflation and the dilution of the naira. $goes up. ₦goes down.

justosee:
you should discuss the hours it will take you to get that 750 naira in Nigeria.

Another nice point.

In UK people get paid the minimum of about £9 per hour which equates to about N7000.

But in naija you get 30k minim wage so if you divide this by 30 days you get N1k A day and if you further divide 1k by 24hours you will get 24kobo per hour

This country is a scam country nn, are you not away.?

aremuforlife:

Stop believing rubbish, you have just been fooled by your imaginary friend.
Even the pounds we are talking about, what can you use one pound to buy in UK?
We all know what we can buy with #780.
Devaluation of naira should be a blessing to us, but we are too lazy to work on the advantages.
Devaluation of naira is more profitable to diasporians.

Have you ever been to the airport? Talkless of UK?

No be juju be that?

hisexcellency34:
President Muhammadu Buhari should please do more to redeem the image of Nigeria's battered currency.
1 pound sterling to N780 is just unacceptable. Just a little change and it is N1,000 (our highest denomination)

Must we compare our money to theirs

SlyDev:
If Nigeria want to make their money stronger, they need to stop importing and start manufacturing to export

But the last time Buhari closed border to boost local production, some bigots said he is targeting a tribe.

You and all those clowns who liked your post are kinda dense sha. How much was Pounds Sterling to Naira during OBJ's and Yar'Adua's era? Did they close the borders like your mumu president? OBJ was particularly interested in promoting an agro-economy and many giant strides and foundations were achieved then which improved investor's confidence. Despite, he didn't take draconian policies like your NEPA certificated bag of bones in Aso Villa. So how come forex had an appreaciable strength during these periods when borders weren't closed compare to now when it has in the past years. Have you looked around your environment of late? Does this look investor friendly to you? I lost count on how many companies have had to shutdown, adjust their business models or battling with stupid APC led government policies. From Opay, to GoOkada, to Twitter, to tech companies, to crypto firms etc.

You president, his economic team and minions constituting nuisance on the social media space with propaganda are just foolish.

nairavsdollars:
The funny thing is, this bros saying one pound is useless in UK may not have been to the airport all his life ooo

chaiiii see knock out

EARN IN DOLLARS/EUROS, SPEND IN NAIRA.

-Amazon Kindle Direct Publishing
-Blogging
-Freelancing

You'll be fine.

nairavsdollars:
E choke you Only interfere in what you have knowledge about.

chai I like this girl she is given them zoo zombie hot hot

Good white angel of change and enlightenment

SlyDev:
If Nigeria want to make their money stronger, they need to stop importing and start manufacturing to export

But the last time Buhari closed border to boost local production, some bigots said he is targeting a tribe.

I feel offended by your comment and it's not because I am from that tribe you're talking about but I feel you need to understand what it takes to produce before you come out in a forum as this to spew trash.

Do you know the average cost of producing a plastic bag in the present day Nigeria?

How cheap is electricity if at all we have it and how cheap is the alternative?

Do you know how much it cost to move raw materials from your village to Ogun state or other factory locations across the country?

How many producing countries of the world do you see that have touts on highways with legal backing to extort commuters of their hard earned money?

Again, have you attempted to produce anything at scale before and do you have report of companies that have wind up within their first 2 years in Nigeria and what is your lord Buhari doing about it?

dapadawee:

For your eye you make sense..
So what can you do with 1naira there lays the comparison.
You can buy a bottle of coke with 1 pound and still have change.
You can buy face mask
You can buy bottle opener
You can travel with 1 pound
As a student your hostel fees is less than 1 pounds for a night

In Naija, with N780

You can buy 3 bottles of Coke and still have change.

You can buy 7 face masks
and still have change.

N780 can take me from Agege to Lagos Island.

Shortime hotel is N500

Naija rocks.

nedekid:

Lolz, every country in the world imports. Same with Nigeria.
Who tells you Nigeria does not export? We export oil, natural gas and solid minerals. Who says we do not manufacture or export? Go into any large supermarket eg justrite, you will notice atleast 70% of product sold there are made in Nigeria. Is it soap, sanitory pads, tin tomatoes, detargent, insecticide, ice cream, confectionary, noodles, flour etc you name it.
Go around Africa an you see our products, do you know containers of guiness, Nbl product leave this country for the US and Europe, Asia daily, indomie nko, my paddy in Maryland u.s.a ships all, up to garri, ground nut, drid fish in containers!
Dont let anybody deceive you. The problem is mismanagement.
All these so called palative money that was shared, today you hear 100b, tommorw 500b, where do you think it came from? This is a gov that claims no money ohh.
Where do you think the 5k they want to give 40m Nigerian monthly will come from? PRINTERS! Have you heard the leaked audio tape of amechi? Ask YouTube.
He spoke of how they printed money! Naira will be printed by cbn to give you 5k, it is even easier with enaira.
When you print money and share it causes inflation and the dilution of the naira. $goes up. ₦goes down.

Oga please get your facts right.. despite the fact that you made very good points you have to ask yourself "what is the volume of export you are talking about?
Apart from oil? You made mention of your guy exporting garri, that is commendable but to how many people? And probably still to only Nigerians or Ghanaians.
Base on that apart from oil we export nothing!

aremuforlife:

Even the pounds we are talking about, what can you use one pound to buy in UK?
We all know what we can buy with #780.
Devaluation of naira should be a blessing to us, but we are too lazy to work on the advantages.

Your comparison fails to pass any logical reasoning test! How much is iphone 13 in naira compared to pounds?

Manufacturing is key towards having a stable and strong currency. But given that the manufacturing sector has been in a state of comatose for long, it is important to emphasize that in prioritizing manufacturing, government must be ready to support manufacturers with loans and waivers etc. Already, there is revolutionary change in rice production, but unfortunately, not enough to meet local consumption. So, outright embargo on rice is what has made the price skyrocket to 30k from 8k.
Taking a look at this, you will agree that outright ban on rice importation is not the solution. What government should perhaps have done is reduce rice importation by a certain percentage, scale up local production and put in place timelines by which rice import will be completely banned and local produce will be so scaled up to meet local demands.
Outright ban is the reason why we are all suffering. Rice has now become a luxury which can only be afforded by a few. So, stopping importation for a country that has been dependent on it all her life, is not completely a people-centered policy. This is an issue that needs patience, sustained government intervention and a strategic plan.

aremuforlife:

Stop believing rubbish, you have just been fooled by your imaginary friend.
Even the pounds we are talking about, what can you use one pound to buy in UK?
We all know what we can buy with #780.
Devaluation of naira should be a blessing to us, but we are too lazy to work on the advantages.
Devaluation of naira is more profitable to diasporians.

Have you ever been to the airport? Talkless of UK?

Hero10001:

In Naija, with N780

You can buy 3 bottles of Coke and still have change.

You can buy 7 face masks
and still have change.

N780 can take me from Agege to Lagos Island.

Shortime hotel is N500

With 780 pound you are a big boy in naija.
Do u know how to compare things. Why you they fall your hand. 780pounds will give you a good accommodation in UK . it will even buy you fairly used car send come naija

Since the queen still runs Nigeria, you're dreaming if you think the naira rate is ever going to improve.
Its used to be 2 pounds to 1 naira
Instead of improved naira rate , you got boko haram, and Efcc and herds men.

Just to give you an idea what the the future holds under colonial rule.
The only reason they pretended to give Nigeria independence was so that they won't be blamed for the planned destruction of Nigeria and black africa as a whole.

At present under the current colonial rule of black Africa, the only country that is not in civil war or suffering terrorists attacks is white south africa.


So that the least of your problems under current colonial suffer of black Africa is the naira to pound rate . youll be lucky to stay alive.
Cause our colonial masters say we are too many, they say we bare too many children, and they have found a solution to the problem that you represent.

The argument it’s simple you guys are not a student of Economics
Inflation has hit the whole world currently in 2021 post COVID effect and hit non producing Economies more

Animal like u
Do u tink the border was truly closed in the north?
Come to kastina and see how rice is been flooded daily
When u don't know what is going on just kiss quote

SlyDev:
If Nigeria want to make their money stronger, they need to stop importing and start manufacturing to export

But the last time Buhari closed border to boost local production, some bigots said he is targeting a tribe.

rhektor:


Even though the naira is weak in international trade, #750 will still give you a complete meal anywhere in Nigeria unlike one pound in the UK. The purpose of weak naira is to discourage import and encourage export. Y'all should just stop displaying ignorance on currency and purchasing power

You are calling for inflation just like Venezuela and Zimbabwe

aremuforlife:

Stop believing rubbish, you have just been fooled by your imaginary friend.
Even the pounds we are talking about, what can you use one pound to buy in UK?
We all know what we can buy with #780.
Devaluation of naira should be a blessing to us, but we are too lazy to work on the advantages.
Devaluation of naira is more profitable to diasporians.

Please explain how devaluation of our Naira is for our own good

Hero10001:

In Naija, with N780

You can buy 3 bottles of Coke and still have change.

You can buy 7 face masks
and still have change.

N780 can take me from Agege to Lagos Island.

Shortime hotel is N500

Naija rocks.

See Buhari economist.....chai!

Mention a country anywhere in the world where you can take 1Naira to and get 780 of their local currency.....so we can now start to check what that amount can get you in that country?

Wonder why Buhari and his supporters are alike? Just read comments here on Nairaland

aremuforlife:

Stop believing rubbish, you have just been fooled by your imaginary friend.
Even the pounds we are talking about, what can you use one pound to buy in UK?
We all know what we can buy with #780.
Devaluation of naira should be a blessing to us, but we are too lazy to work on the advantages.
Devaluation of naira is more profitable to diasporians.

There is something of purchasing power parity, where the value you can spend to get things here will also be the value you will get the same thing in abroad, this is one of the things that determines foreign exchange

Hero10001:

In Naija, with N780

You can buy 3 bottles of Coke and still have change.

You can buy 7 face masks
and still have change.

N780 can take me from Agege to Lagos Island.

Shortime hotel is N500

Naija rocks.

If you see 780pounds your Christmas time them go know say you enter village now

One Euro can get you thing
A can of beer in Germany is less than 1 Euro
1KG of rice .80Cent
Don’t say what you don’t know

aremuforlife:

Like I said 1pound means nothing in UK, just as 1euro means nothing in Europe, and 1dollar means nothing in US.

Toks2008:


Another nice point.

In UK people get paid the minimum of about £9 per hour which equates to about N7000.

But in naija you get 30k minim wage so if you divide this by 30 days you get N1k A day and if you further divide 1k by 24hours you will get 24kobo per hour

This is how logical reasoning looks like. Unfortunately APC supporters see nothing wrong in most of the negative policies of this administration. Spit!

nairavsdollars:
The funny thing is, this bros saying one pound is useless in UK may not have been to the airport all his life ooo

they guy you quote is right,believe me