Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,322 members, 7,815,625 topics. Date: Thursday, 02 May 2024 at 03:31 PM

The Personified Anger Of The Naira Currency - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / The Personified Anger Of The Naira Currency (150 Views)

IPOB: Is There A Brewing Anger Of Indiigbo Towards IPOB Modus Operandi? / Anger Of Israelis Increasing As Buhari Refuses To Let Their People Go / Celebrating 12 Nigerian Women Who Deserve A Place On The Naira Note (Pictures) (2) (3) (4)

(1) (Reply)

The Personified Anger Of The Naira Currency by Sunnyflex(m): 6:42am On Aug 15, 2022
Today, currency like N5, N10 and N20 has completely gone into extinction as regards its purchasing power.You cannot buy even children candy and common biscuits with such amount any more!

N50 is the only surviving currency in that parenthesis(bracket) slightly higher in the purchasing power, though wobbling but still gives some glimmer of hope for the lovers of candy and biscuits in the meantime.

However, in the next couple of years to come, N50 will eventually fizzle out for N100 for the same candy and biscuits and the cycle of Naira depreciation continues.

You don't spend dollars in an economy that depends solely on external sources for its livelihood, via, recurrent expenditures without equating it with productive means.
Doing that is tantamount to weakening your home grown currency as seen in the Nigerian currency, Naira today, venting its frustrations and anger for the bad state of the economy!

Ok, even our so called mono economy (crude oil) is nothing to write home about today; as external debts from China, IMF...have exceeded the revenue accrued from oil revenue.
What a mess to the economy; masterminded by selfish and greedy leadership in governance!
Like the biblical Paul said to the Galatians! "Oh foolish, heartless and selfish public office holders in affairs of nation building, who has bewitched you"...(Gal3:1) that you are now singing the biblical Lord's songs "in a strange land"...(Psalm137:4)
When the self aggrandized Politicians are sick and also want the best education for their children, they take our oil money oversea for medical and sound educational attentions.However, the same oil revenue money cannot be given proper attention with such infrastructural development at home like the ones the selfish politicians enjoy in the developed countries of the world.

Can you tell me any of the US governors or officials whose child is schooling in any of the Nigerian universities? But our foolish and selfish politicians love to sing that biblical song "in the strange land" so that their children would feel they have arrived, psychologically and socially.

Obi is the only passionate politician that will bring succour to the already dilapidated economy, via, productive means by giving the Naira its necessary strength to regain its confidence in the international currencies.
Enough of all these political jamborees that the Nation keep recycling every 8yrs.
What I termed "the old cargoes political shenanigans" who see the seat of ASO ROCK as a retired benefits including the "shaky shaky daddy" of that glorious era of anti Malaria Advert in the late 90s.

Do you still remember that Anti Malaria � Advert in the 90s, where a little child seated close to his Dad, and suddenly screamed to call for the attention of her MUM: "screaming Mum, Daddy is shaking"!!!
I still remember that advert even as a smart teenage boy with a prehensile memory.
That Advert is typically exemplifying our "Emi lo kan" of our "shaky shaky Daddy", who wants to contest for the office of the president.
A man that should be resting with his grandchildren wants to rule almost 200M Nigerians!
Obi is the only passionate politician who has millions of Nigerians at heart and over the time, Altruistically, examines the problem of our comatose economy and is willing to proffer a classical solutions to the economy.

A vote for Obi is a win for Nigeria as a geographical entity to place our economy where it should belong; and also a win for Nigerians as a people who, over the years have endured bad governance.

Lastly, Obi's victory will also be a win for the Naira currency who has over the past 7 years figuratively, vented its anger and frustrations on its market value, will now be strengthened and regains its position in the international currencies, via, productive means and Diversification of our economy.

Thank you.

ALOYSIUS SUNNY CHIBUIKE
Economic Analyst.
Re: The Personified Anger Of The Naira Currency by Giidgiddy: 9:29am On Aug 15, 2022
That's why we true Igbo sons and daughters must vote Tinubu

(1) (Reply)

Timi Frank Congratulates Kenya’s President-elect, William Ruto / Huoohg / Plot To Remove Adamu, Mere Social Media Talks’

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 11
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.