Cognitivereason:


U need that deliverance more
..and also need to get proper education

Ur statement doesn't in any way correlate with
Naira devaluation due to dashing of money..
And Grants...

Read to understand.. B4 pouring ur senseless points..

Your inability to read between the lines caused by mental slavery is the cause of your chronic and debilitating lack of understanding.

30 billion dollars was saved to prevent the DEVALUATION OF NAIRA.

It was kept so that if oil price became low, it will be used to stabilize the Naira.
That was why for over 16 years of PDP rule, the dollar never rose above N200 before Buhari came to power and the 30 billion dollars disappeared mysteriously in his first 4 years with nothing to show for it.

After he won re election, he went on a borrowing spree with which he built the unnecessary Kaduna to Niger republic railway.
Why wouldn't the Niara be devalued.
The funny part is that Buhari's kinsmen the Fulani knew all along what was coming and hoarded the dollars Buhari dashed them but was scarce to other Nigerians, just to help his over 200 million Fulani brother's all over Africa.

Why did Buhari ban the importation of rice from the Lagos ports but allowed it to come through the border in Kano, Sokoto, Katsina and other Northern states?
He did it to favour his Fulani brothers who grow rice in African countries like Sierra Leone etc who subsequently increased the price of rice artificially to make a kill.

when Awolowo said that Nigeria is a mere geographical expression who do you think he meant?

donborg:


Your inability to read between the lines caused by mental slavery is the cause of your chronic and debilitating lack of understanding.

30 billion dollars was saved to prevent the DEVALUATION OF NAIRA.

It was kept so that if oil price became low, it will be used to stabilize the Naira.
That was why for over 16 years of PDP rule, the dollar never rose above N200 before Buhari came to power and the 30 billion dollars disappeared mysteriously in his first 4 years with nothing to show for it.

After he won re election, he went on a borrowing spree with which he built the unnecessary Kaduna to Niger republic railway.
Why wouldn't the Niara be devalued.
The funny part is that Buhari's kinsmen the Fulani knew all along what was coming and hoarded the dollars Buhari dashed them but was scarce to other Nigerians, just to help his over 200 million Fulani brother's all over Africa.

Why did Buhari ban the importation of rice from the Lagos ports but allowed it to come through the border in Kano, Sokoto, Katsina and other Northern states?
He did it to favour his Fulani brothers who grow rice in African countries like Sierra Leone etc who subsequently increased the price of rice artificially to make a kill.

when Awolowo said that Nigeria is a mere geographical expression who do you think he meant?

Look bro...
Stop exposing ur ignorance...

Borrowing money doesn't cause devaluation of any currency in the world...
U don't even have a single clue of the role of the CBN and it role to stabilizing the currency..
Am sure u have absolutely no idea of what Forex is and it functions otherwise u won't be telling me nonsense of how money borrowed helped devalue naira...

By the way..
Yes naira never went up to N200 during GEJ times..and u should thank a relatively high and less fluctuating crude oil price and the stable forex inflows..all that changed in 2014 ..this disrupted forex inflows and the CBN had to devalue the naira to bring in more forex...

Look all of this will make sense if u use 30 min of ur time to study what causes a currency to devalue... There is no where in economics that states DAT borrowing money or dash it out in local or foreign currency devalues a country's local currency...

Show me prove that PDP saved 30bn dollars...
And where did he save it..or are u referring to excess crude account..
Pls note DAT money saved in any account as excess for crude oil sales are not used to stabilize naira...they have no business with the value of naira..

CBN is the sole body tasked with the stability of naira... And it isnt rocket science for u to know that forex reserves can never go dry...
So what exactly are u proving with disappearing $30bn

Rice are no longer imported through the seaport...but are currently being smuggled through all the borders both northern and southern...otherwise y do u still see foreign rice all over Lagos today...

Lastly...
Buhari or the federal government since 2015 never in any day borrow money for railways in the north...
The railway construction from Kaduna to kano is financed fully from FG budget ..and it ends at kano...
https://www.google.com/url?sa=t&source=web&rct=j&url=https://punchng.com/no-loan-yet-for-kaduna-kano-railway-says-fg/%3Famp&ved=2ahUKEwjf7smDs9f2AhUt57sIHS-mC3oQFnoECAgQAQ&usg=AOvVaw3vEJHSMuibsgTCwxowfTgT

buhari doesn't plan to extend it to Niger...he only approved it at FEC as proposed by GEJ...
As at today till his tenure ends...there will be no railway to Niger republic...

There is no single details on whole internet saying saying that Buhari or amaechi has even flagged of the project to niger...
The only flag off ever done in the north is Kaduna to kano railway project
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.vanguardngr.com/2021/07/buhari-flags-off-1-2bn-kaduna-kano-rail-line/amp/&ved=2ahUKEwjRoaTas9f2AhXc_rsIHRO6CI4QFnoECAQQAQ&usg=AOvVaw2-gOdrAk1wAH5tcZZcpNb7




I don't know y ignoramuses like u like to prove a point instead of seeking knowledge..
The annoying part is ...u don't even have a single clue on how a currency works..
Ur just spilling jargons and lies upon lies about a rail way that doesn't exist....

Abeg gettat

Cognitivereason:


Look bro...
Stop exposing ur ignorance...

Borrowing money doesn't cause devaluation of any currency in the world...
U don't even have a single clue of the role of the CBN and it role to stabilizing the currency..
Am sure u have absolutely no idea of what Forex is and it functions otherwise u won't be telling me nonsense of how money borrowed helped devalue naira...

By the way..
Yes naira never went up to N200 during GEJ times..and u should thank a relatively high and less fluctuating crude oil price and the stable forex inflows..all that changed in 2014 ..this disrupted forex inflows and the CBN had to devalue the naira to bring in more forex...

Look all of this will make sense if u use 30 min of ur time to study what causes a currency to devalue... There is no where in economics that states DAT borrowing money or dash it out in local or foreign currency devalues a country's local currency...

Show me prove that PDP saved 30bn dollars...
And where did he save it..or are u referring to excess crude account..
Pls note DAT money saved in any account as excess for crude oil sales are not used to stabilize naira...they have no business with the value of naira..

CBN is the sole body tasked with the stability of naira... And it isnt rocket science for u to know that forex reserves can never go dry...
So what exactly are u proving with disappearing $30bn

Rice are no longer imported through the seaport...but are currently being smuggled through all the borders both northern and southern...otherwise y do u still see foreign rice all over Lagos today...

Lastly...
Buhari or the federal government since 2015 never in any day borrow money for railways in the north...
The railway construction from Kaduna to kano is financed fully from FG budget ..and it ends at kano...
https://www.google.com/url?sa=t&source=web&rct=j&url=https://punchng.com/no-loan-yet-for-kaduna-kano-railway-says-fg/%3Famp&ved=2ahUKEwjf7smDs9f2AhUt57sIHS-mC3oQFnoECAgQAQ&usg=AOvVaw3vEJHSMuibsgTCwxowfTgT

buhari doesn't plan to extend it to Niger...he only approved it at FEC as proposed by GEJ...
As at today till his tenure ends...there will be no railway to Niger republic...

There is no single details on whole internet saying saying that Buhari or amaechi has even flagged of the project to niger...
The only flag off ever done in the north is Kaduna to kano railway project
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.vanguardngr.com/2021/07/buhari-flags-off-1-2bn-kaduna-kano-rail-line/amp/&ved=2ahUKEwjRoaTas9f2AhXc_rsIHRO6CI4QFnoECAQQAQ&usg=AOvVaw2-gOdrAk1wAH5tcZZcpNb7




I don't know y ignoramuses like u like to prove a point instead of seeking knowledge..
The annoying part is ...u don't even have a single clue on how a currency works..
Ur just spilling jargons and lies upon lies about a rail way that doesn't exist....

Abeg gettat

Ogbeni keep you grammar to yourself

If 200 naira per dollar to the current 640 naira, over 200 per cent increase, is not Buhari's fault, I wonder whose fault is it?

donborg:



Ogbeni keep you grammar to yourself

If 200 naira per dollar to the current 640 naira, over 200 per cent increase, is not Buhari's fault, I wonder whose fault is it?

There is no big grammar there ..any sane person will agree with what is there along with the proof ...ur just a slowpoke..

Stop shifting goal post..
Proof to me that there is a railway existing to Niger..
I hope u have studied what devalues a currency... Or u want me to drop another link to educate u?

Cognitivereason:

There is no big grammar there ..any sane person will agree with what is there along with the proof ...ur just a slowpoke..

Stop shifting goal post..
Proof to me that there is a railway existing to Niger..
I hope u have studied what devalues a currency... Or u want me to drop another link to educate u?

here is your proof Fulani bigot.

https://www.google.com/url?q=https://www.premiumtimesng.com/news/top-news/441651-why-were-building-rail-to-niger-republic-buhari.html&sa=U&ved=2ahUKEwj5npaxoNr2AhVJ-6QKHbcXAD0QFnoECAkQAg&usg=AOvVaw3wELgz-9wQyirDP2U2qTvn

I don't need your lectures on what devalues a currency. You Fulanis are learned criminals who perpetrates evil against fellow Africans with your knowledge, intelligence and wisdom unlike the Caucasians who have improved mankind with theirs.

We know the Genesis of currency manipulations through hoarding which started under the Abacha regime.

Give your Fulani free dollars.
Hoard it to make it scarce at a given notice
Then sell it when the price increases in accordance with desperation for it by Igbo importers.

You people are doing it today with Fuel.

The British, having conquered the Sokoto caliphate should have exiled you Fulani devils back to senegal where you guys came from

Nonsense

donborg:

here is your proof Fulani bigot.
://www.google.com/url?q=https://www.premiumtimesng.com/news/top-news/441651-why-were-building-rail-to-niger-republic-buhari.html&sa=U&ved=2ahUKEwj5npaxoNr2AhVJ-6QKHbcXAD0QFnoECAkQAg&usg=AOvVaw3wELgz-9wQyirDP2U2qTvn

I don't need your lectures on what devalues a currency. You Fulanis are learned criminals who perpetrates evil against fellow Africans with your knowledge, intelligence and wisdom unlike the Caucasians who have improved mankind with theirs.

We know the Genesis of currency manipulations through hoarding which started under the Abacha regime.

Give your Fulani free dollars.
Hoard it to make it scarce at a given notice
Then sell it when the price increases in accordance with desperation for it by Igbo importers.

You people are doing it today with Fuel.

The British, having conquered the Sokoto caliphate should have exiled you Fulani devils back to senegal where you guys came from

Nonsense

The highlighted link...explains why the rail is going to be built..and the potential benefits...it doesn't in any way prove that it exist or being built...the useless newspaper put the headline that way as clickbait..
Post the link DAT says ..construction has started...it very simply ...u can add images from the construction site and photos of the flag off.after all when CCECC was building the Lagos Ibadan and abuja Kaduna ...images were flooded over the net with amaechi frequently visiting sites..

A project DAT u claim exist..y has amaechi never in his life visited the site to monitor the non existent construction..
.do u even know the name of the contractor because it not the Chinese that is handling this one

Pls u are just daft abeg

Anyways....what devalues a currency.. In this case ..naira..is when the total worth of ur exports reduces exponentially therefore attracting less dollars ...or ur increasingly spending a lot of forex(dollars) by importing...

This two event reduces the reserves and forces every central bank to devalue the currency (naira)..

This happened in 2014 when the crude oil price fell from above $80 to less than $30..
And production falling from 1.8million barrels /day to less than 1.5 million barrels/day due to insecurity in the Niger delta
Automatically reducing the total worth of Nigerian Brent crude by over 100%..meaning the amount of dollars we got was extremely low to finance our imports
CBN in reaction had to devalue the naira by over 100% (from less than N180/$ to N360/$)

Cognitivereason:


The highlighted link...explains why the rail is going to be built..and the potential benefits...it doesn't in any way prove that it exist or being built...the useless newspaper put the headline that way as clickbait..
Post the link DAT says ..construction has started...it very simply ...u can add images from the construction site and photos of the flag off.after all when CCECC was building the Lagos Ibadan and abuja Kaduna ...images were flooded over the net with amaechi frequently visiting sites..

A project DAT u claim exist..y has amaechi never in his life visited the site to monitor the non existent construction..
.do u even know the name of the contractor because it not the Chinese that is handling this one

Pls u are just daft abeg

Anyways....what devalues a currency.. In this case ..naira..is when the total worth of ur exports reduces exponentially therefore attracting less dollars ...or ur increasingly spending a lot of forex(dollars) by importing...

This two event reduces the reserves and forces every central bank to devalue the currency (naira)..

This happened in 2014 when the crude oil price fell from above $80 to less than $30..
And production falling from 1.8million barrels /day to less than 1.5 million barrels/day due to insecurity in the Niger delta
Automatically reducing the total worth of Nigerian Brent crude by over 100%..meaning the amount of dollars we got was extremely low to finance our imports
CBN in reaction had to devalue the naira by over 100% (from less than N180/$ to N360/$)

You take me for a fool or what?

This is the price of oil from 1970 till date
https://www.thebalance.com/oil-price-history-3306200

In 1999, oil was sold for only 24 dollars, yet OBJ saved over 5 billion dollars in the ECA, executed projects, paid salaries and increased allocation to states progressively for 8 good years during which time oil increased gradually to about 85 dollars per barrel through 2007 when his tenure ended.

From 2007 about 30 billion dollars was saved from excess of the benchmark of 57 dollars which Buhari wiped off in just 4 years from 2015 to 2019. This is despite the fact that oil was sold for around the benchmark of 58 dollars during this same period and peace was in the Niger delta ( Niger deltans as a rule do not fight northern presidents). Yet 30 billion dollars disappeared mysteriously in to thin air and you say Buhari is a saint?
Borrowing money up and down Devaluing the naira by printing more worthless Naira to pay salaries while his Fulani brothers hoard dollars opening bureau de change.
Asking Northerners to arbitrarily increase the price of beans, meat, and groundnut to rhyme with his devaluation agenda to increase suffering of Southerners because we don't farm.

I don't blame you guys one bit.

All this is happening because you Fulani control both the food supply and export supply (oil) source of foreign exchange hence the impunity of your actions. Fulani cabal. This is why you guys are orchestrating an agenda to send companies out of Nigeria systematically through unfavourable government policies to make Nigeria unconducive for business. Thank God for OBJ's well crafted privatisation plan for saving many companies.

In 2023, you Fulani will relinquish power to the South and all of you corrupt Fulani will be prosecuted