kingsways:
Naira should be stronger but the managers. Of the CBN and Finance Ministry are incompetent

If naira is strong, nobody will buy Nigerian goods

ConsciousMan01:
Thrash!! Why not compare 740naira to 740dollars?? Why not compare how easy it is to get 740 naira and 1dollar!..

It is more easier to get 740 naira in Nigeria than to get $740 in the United states

LeoDeKing:
Op, items and services you specified are available within Nigeria.

How do you now use same naira to address requirements for goods and services not available in Nigeria?

A dealer that imported iPhone at the cost of $1k will certainly sell it more than N750k. In this case, you just have to buy the iPhone at a cost higher than the prevailing cost in US.

Things are cheaper in Nigeria than US, UK or Canada.

My sister just coughed out £20 to a phone repairer in London yesterday just to remove the pin that lodged in the hole beside the sim card.

To barb and shave in London is £15.

i-Phones are far more expensive in US than Nigeria

Okonandmary:


If naira is strong, nobody will buy Nigerian goods

International market will buy the goods if they are good enough

A strong Naira will make it easier and cheaper for SMEs and Manufacturers to buy machinery and other critical inputs needed to produce

But then importation of non-essentials also need to be drastically cut down

kingsways:


International market will buy the goods if they are good enough

A strong Naira will make it easier and cheaper for SMEs and Manufacturers to buy machinery and other critical inputs needed to produce

But then importation of non-essentials also need to be drastically cut down

I dont think so, a strong naira means production will be shifted to a cheaper country

the western world have a strong currency but production have been shifted to asia so that companies can employ cheap labour and maximise profit