*£1 = ₦980*
*$1 = ₦890*
*€1 = ₦810*

*ATTENTION*

*In case you don't know the root CAUSE OF OUR PROBLEMS TODAY, PLEASE TAKE TIME OUT AND READ BELOW:

*As of 25/07/2022, the exchange rates were:*

*£1 = ₦800*
*$1 = ₦670*
*€1 = ₦662*

*42 years ago, precisely on 25/07/1980 the exchange rate was:*
*$1 = 0.80k*

*Are you surprised?*

*Well, we were far more productive in 1980 than we are today.*

*In 1980 the key reasons for economic growth were as follows:*

*1. We were a net exporter of refined petroleum products. Today we import all our refined petroleum products.*

*2. We rode in locally assembled cars, buses and trucks. Peugeot cars in Kaduna and Volkswagen cars in Lagos.*

*3. Leyland produced trucks/buses in Ibadan and ANAMCO in Enugu also produced buses and trucks.*

*4. Steyr in Bauchi produced our Agricultural tractors. And it was not just Assembly, we were producing many of the components:*

*5. Vono products in Lagos produced the vehicle seats.*

*6. Exide in Ibadan produced the batteries, not just for Nigeria but for the entire West Africa.*

*7. IsoGlass and TSG in Ibadan produced the windshields.*

*8. Ferrodo in Ibadan produced the brake pads and discs*

*9. Dunlop produced Tyres in Lagos and Michelin Tyres were produced in Port Harcourt. And I mean tyres produced from rubber plantations located in Ogun, Bendel and Rivers State.*

*10. We were listening to Radio and watching television sets assembled in Ibadan by Sanyo.*

*11. We were using refrigerators, freezers and Airconditioners produced by Thermocool and Debo.*

*12. We were putting on clothes produced from the UNTL Textile Mills in Kaduna and Chellarams in Lagos. They were Not from imported cotton but from cotton grown in Nigeria.*

*13. Our water was running through pipes produced by Kwalipipe in Kano and Duraplast in Lagos .*

*14. Our toilets were fitted with WC produced in Kano and Abeokuta.*

*15 We were cooking with LPG gas stored inside gas cylinders produced at the NGC factory in Ibadan.*

*16. Our electricity was flowing through cables produced by the Nigerian Wire and Cable, Ibadan; NOCACO in Kaduna and Kablemetal in Lagos and Port Harcourt.*

*17. We had Bata and Lennards Stores producing the shoes we were putting on. The shoes were not from imported leather but from locally tanned leather in Kaduna*.

*18. We were mainly flying our Airways, (the Nigeria Airways), to most places in the world. The Nigeria Airways was about the biggest in Africa at the time*.

*19. Most of the foods we ate were grown or produced in Nigeria*.

*We were producing all of the above and many more in 1980*

*Today, we import almost everything. Isn't that alarming?*

*There lies the source of the terrible exchange rate we are experiencing today and everyone reading this has a critical role to play in reversing this very UGLY trend.*

*We have been talking about these problems and more for ages.*

*It is not enough for us to complain about the exchange rate or point out what others are not doing or are failing to do. The key questions are:*

*1. What are we producing now?*
*2. What role are our so- called Leaders/ Politicians of today playing?*
*We are forever shying away from responsibility whereas it is a stack reality and if we don't deal with it, it won't go away. In fact it will get worse*.

*To our dear Politicians, if you don't have the capacity to RESET Nigeria to what it was at least back in 1980 then please stay in your house and don't waste our time.*

*ENOUGH IS ENOUGH !!!*

May God almighty refix our nation.

nice history lesson...

BUT IT IS NOT PRACTICAL ENOUGH TO SOLVE ANYTHING.

What happened that all these companies shut down?
Was it management issues?
Was it a declining consumer base?
Where these companies run by foreigners or by the Nigerian government?

Your list is shocking. The only companies I witnessed in my life were Bata and PAN and I was born in the 80’s.

Tianamen1:
What happened that all these companies shut down?
Was it management issues?
Was it a declining consumer base?
Where these companies run by foreigners or by the Nigerian government?

Your list is shocking. The only companies I witnessed in my life were Bata and PAN and I was born in the 80’s.

Individual interest sprang up the policy of importation that killed these companies by successive government...it's a sad one

No need for long explanation. There was an oil boom in the 1970s which made the overall economy buoyant except for export (non-oil) sectors of the economy like agriculture.

Once the oil boom ended from 1980, and almost solely dependent on oil for exports, the whole economy went into a significant slump.

Thanks for sharing its wonderfull..

Obagreatdatoye:

Individual interest sprang up the policy of importation that killed these companies by successive government...it's a sad one

Exactly

Enemyofpeace:
*£1 = ₦980*
*$1 = ₦890*
*€1 = ₦810*

*ATTENTION*

*In case you don't know the root CAUSE OF OUR PROBLEMS TODAY, PLEASE TAKE TIME OUT AND READ BELOW:

*As of 25/07/2022, the exchange rates were:*

*£1 = ₦800*
*$1 = ₦670*
*€1 = ₦662*

*42 years ago, precisely on 25/07/1980 the exchange rate was:*
*$1 = 0.80k*

*Are you surprised?*

*Well, we were far more productive in 1980 than we are today.*

*In 1980 the key reasons for economic growth were as follows:*

*1. We were a net exporter of refined petroleum products. Today we import all our refined petroleum products.*

*2. We rode in locally assembled cars, buses and trucks. Peugeot cars in Kaduna and Volkswagen cars in Lagos.*

*3. Leyland produced trucks/buses in Ibadan and ANAMCO in Enugu also produced buses and trucks.*

*4. Steyr in Bauchi produced our Agricultural tractors. And it was not just Assembly, we were producing many of the components:*

*5. Vono products in Lagos produced the vehicle seats.*

*6. Exide in Ibadan produced the batteries, not just for Nigeria but for the entire West Africa.*

*7. IsoGlass and TSG in Ibadan produced the windshields.*

*8. Ferrodo in Ibadan produced the brake pads and discs*

*9. Dunlop produced Tyres in Lagos and Michelin Tyres were produced in Port Harcourt. And I mean tyres produced from rubber plantations located in Ogun, Bendel and Rivers State.*

*10. We were listening to Radio and watching television sets assembled in Ibadan by Sanyo.*

*11. We were using refrigerators, freezers and Airconditioners produced by Thermocool and Debo.*

*12. We were putting on clothes produced from the UNTL Textile Mills in Kaduna and Chellarams in Lagos. They were Not from imported cotton but from cotton grown in Nigeria.*

*13. Our water was running through pipes produced by Kwalipipe in Kano and Duraplast in Lagos .*

*14. Our toilets were fitted with WC produced in Kano and Abeokuta.*

*15 We were cooking with LPG gas stored inside gas cylinders produced at the NGC factory in Ibadan.*

*16. Our electricity was flowing through cables produced by the Nigerian Wire and Cable, Ibadan; NOCACO in Kaduna and Kablemetal in Lagos and Port Harcourt.*

*17. We had Bata and Lennards Stores producing the shoes we were putting on. The shoes were not from imported leather but from locally tanned leather in Kaduna*.

*18. We were mainly flying our Airways, (the Nigeria Airways), to most places in the world. The Nigeria Airways was about the biggest in Africa at the time*.

*19. Most of the foods we ate were grown or produced in Nigeria*.

*We were producing all of the above and many more in 1980*

*Today, we import almost everything. Isn't that alarming?*

*There lies the source of the terrible exchange rate we are experiencing today and everyone reading this has a critical role to play in reversing this very UGLY trend.*

*We have been talking about these problems and more for ages.*

*It is not enough for us to complain about the exchange rate or point out what others are not doing or are failing to do. The key questions are:*

*1. What are we producing now?*
*2. What role are our so- called Leaders/ Politicians of today playing?*
*We are forever shying away from responsibility whereas it is a stack reality and if we don't deal with it, it won't go away. In fact it will get worse*.

*To our dear Politicians, if you don't have the capacity to RESET Nigeria to what it was at least back in 1980 then please stay in your house and don't waste our time.*

*ENOUGH IS ENOUGH !!!*

May God almighty refix our nation.

THAT IS IT. COOOOOORECT, SUPPORTED AND ACCEPTED.

TINUBU PLEASE ADOPT FAPRES FOTCS AND CTC FOCS TRFG AND TO ACCEPT THESE RECOMMENDATIONS.

The north destroyed Nigeria and they are still destroying Nigeria today.

They were in power for donkey years and focused only on the crude oil..they plundered it,shared the wells among themselves, slaughtered any people region who protected....till Buhari left office,he was still searching for oil in borno,Bauchi....
They gave dangote sole rights over certain imports and destroyed the industry of others.

Obj was president 199-2007...he did his best to clear all our foreign debts but whenever the northerners got power back,it was borrowing galore. Buhari borrowed and borrowed and borrowed. Sad thing is, only heaven knows what he did with all the money he borrowed.

He also closed border and banned importation of rice.
Next thing,Hausa people were selling Kano,kebbi,Sokoto rice everywhere with price more costly than even the very clean foreign rice!!!


The north is Nigeria problem

ENOUGH IS ENOUGH !!!

We are so lucky and blessed.
Experienced administrator like tinubu is in charge.
Things will change positively.
Rest assured.
God bless Nigeria.

yrhuhfy113:
nice history lesson...

BUT IT IS NOT PRACTICAL ENOUGH TO SOLVE ANYTHING.

WE SHALL SOLVE ALL OF THE ABOVE WHEN WE ADOPT FAPRES FOTCS AND CTC FOCS TRFG.

You know what?
We have three presidents in tinubu himself.
1.bola tinubu.
2.remi tinubu as first lady.
3.speaker gbaja as chief of staff.

Remi and gbaja have extensive knowledge on Nigerian issues than tinubu himself.

The North

orisa37:


WE SHALL SOLVE ALL OF THE ABOVE WHEN WE ADOPT FAPRES FOTCS AND CTC FOCS TRFG.

Mental

Tianamen1:
What happened that all these companies shut down?
Was it management issues?
Was it a declining consumer base?
Where these companies run by foreigners or by the Nigerian government?

Your list is shocking. The only companies I witnessed in my life were Bata and PAN and I was born in the 80’s.

THE END OF THE GOODNESS OF A:A:A. AZIKWE AWOLOWO AND AHMADU BELLO.
THE MILITARY CAME IN COLLUDED WITH MEN OF TIMBERS AND CALIBRE, STARTED BASTARDISING THE NAIRA AND LOOTING OUR FOREIGN RESERVES TO CREATE ESCROW ACCOUNTS FOR THEMSELVES AND THEIR FAMILIES.
SHAGARI WAS COUPED IN 1983. AND THAT WAS WHEN THE DOWN NOSEDIVE STARTED.

SINCE MUHAMMADU BUHARI AND IDIAGBON, THE MILITARY HAS BEEN BRAINWASHING NIGERIA WITH THEIR UNCOMMON SENSE OF UNITY WHEN THEY KNOW THAT THEY KNOW NOTHING ABOUT DEMOCRACY. THE MILITARY ARE TRAINED TO BE AUTOCRATIC AND GOD'S WILLING, THE MILITARY WILL REMAIN AUTOCRATIC TILL DOOMSDAY.
TINUBU IS A CIVILIAN AND SHOULD ADOPT FAPRES FOTCS AND CTC FOCS TRFG NOW TO ACQUIRE BACK ALL OF THE ABOVE.

orisa37:


WE SHALL SOLVE ALL OF THE ABOVE WHEN WE ADOPT FAPRES FOTCS AND CTC FOCS TRFG.

not in TINUBU's government. 8 years


BEST TO RELOCATE than to be a sacrificial lamb

Iceberg3:

Mental

Yes it is mental. But that is the way, the truth and the life.

TINUBU SHOULD DEMAND FOR THE 36 CONSTITUTIONAL STATES BUDGETS IN ONE WEEK, THE 36 SHOULD BUDGET FOR COMMISSIONS, RENTS, RATES, ROYALTIES AND TAXES ON THE USE OF THEIR LANDS. THEY SHOULD THINK WELL BECAUSE ON IT, THE FG SHALL EVENTUALLY GET CTC FOCS TRFG.

FROM ORUNTO27 ORISAORUNTOSPEAKS.
That's to say the adoption of FAPRES is a foregone conclusion.

orisa37:
TINUBU SHOULD DEMAND FOR THE 36 CONSTITUTIONAL STATES BUDGETS IN ONE WEEK, THE 36 SHOULD BUDGET FOR COMMISSIONS, RENTS, RATES, ROYALTIES AND TAXES ON THE USE OF THEIR LANDS. THEY SHOULD THINK WELL BECAUSE ON IT, THE FG SHALL EVENTUALLY GET CTC FOCS TRFG.

FROM ORUNTO27 ORISAORUNTOSPEAKS.
That's to say the adoption of FAPRES is a foregone conclusion.

You want to stop SUBSIDIES, increase minmum WAGE and salaries generally, improve productivity and revenue generation generally, you must get the NASS to sit down and work seriously for what they earn. In a stream, the NASS AND THE EXECUTIVE MUST EXPUNGE THE EXCLUSIVE LIST OF DECREE24 AND REPLACE WITH FAPRES FOTCS AND CTC FOCS TRFG.

Buhari4sale:
The North

No stop it.

It’s the military. The military regime and constant coups destroyed Nigeria.

That’s why it’s imperative we remain a democratic society, if we don’t want to set ourselves back another 1000 years. The military has no business being the head of state of a nation. They should stick to defending our shores and global interests only.

orisa37:

You want to stop SUBSIDIES, increase minmum WAGE and salaries generally, improve productivity and revenue generation generally, you must get the NASS to sit down and work seriously for what they earn. In a stream, the NASS AND THE EXECUTIVE MUST EXPUNGE THE EXCLUSIVE LIST OF DECREE24 AND REPLACE WITH FAPRES FOTCS AND CTC FOCS TRFG.

Explain your colloquial terms

colloquial terms EXPLAINED.

FAPRES FOTCS AND CTC FOCS TRFG IS FULL AUTONOMOUS POLICING RESOURCING AND ELECTIONEERING STATUSES FOR OUR 36 CONSTITUTIONAL STATES
AND CONSTITUTIONAL CERTIFIED TITHES(TENTHS) CONTRIBUTIONS FROM OUR CONSTITUTIONAL STATES TO RUN FEDERAL GOVERNMENT.

NASS SHOULD PASS COMMON SENSE LAWS.

AFTER EXPUNGING THE EXCLUSIVE LIST OF DECREE24

IN THE SAME STREAM THE NASS SHOULD REPLACE IT WITH THE 36 STATES BEING INDIVIDUALLY RESPONSIBLE FOR THE SOCIAL SECURITY POLICING OF THEIR INDIVIDUAL STATES.

EVERY STATE SHOULD HAVE FULL POWER AND MIGHT TO COLLECT COMMISSIONS, ROYALTIES, RENTS, RATES AND TAXES FOR THE USE OF THEIR LANDS FOR SEARCHING, MINING, ESTABLISHING FACTORIES FOR PRODUCTION AND OFFICES FOR SERVICES.

EVERY STATE SHOULD BE RESPONSIBLE TO ELECT THEIR OWN RESIDENT CITIZENS FOR ALL FORA REPRESENTATIONS.

NOW 10% OF EACH STATE CERTIFIED EARNINGS IS A LOT OF MONEY. BY THE PRINCIPLES OF GOOD DEMOCRACY AND GRASSROOTS PARTICIPATION IN IT, LET THE FEDERAL GOVERNMENT COLLECT THIS 10% OF EACH STATE REVENUE EARNINGS TO THE CONSTITUTIONAL DUTIES OF FOREIGN AFFAIRS, MILITARY, ON EQUALITY OF STATE BASES AND SINGING AND SEALING OF FOREIGN AGREEMENTS.

FROM ORUNTO27 ORISAORUNTOSPEAKS.
TINUBU SHOULD NOW DEMAND FOR THE 36 CONSTITUTIONAL STATE BUDGETS BASED ON ALL OF THE ABOVE.

Thanks for sharing the information.. mykfcexperience

You think say polithiefians get your time, your suffering is their biggest dream to more cash out.