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Nairaland Forum / Nairaland / General / Politics / "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu (21800 Views)
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Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by Coronavirus1: 2:15pm On Sep 27, 2023 |
Offpointng:Go out and protest the hardship killing more people daily. 1 Like |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by Nobody: 2:16pm On Sep 27, 2023 |
Nor be lie, he campaigned so much with cassava, eba, ewa and agbado. That's a good call coming from a very loyal supporter. For those of you who don't know what commodification means; It simply means, using cassava, its end products as well as byproducts as a form of commodity trading/export to generate revenue. This will alllso help straighten the already depleting foreign reserves as well as reign in strong values for the naira as the government won't need to pay make currency exchange for goods desired because cassava can be used for payment. Agbado can also be commodified |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by Jeyun: 2:23pm On Sep 27, 2023 |
Chibuzoripob:no be only shetima, both Fatima and remi tinubu and him son by the time the suffer don reach when u go kill your father and mother eat in place of food na then u go no sey this thing no be about wether obi rule or not. Agbaya 2 Likes 1 Share |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by Kukutente23: 2:28pm On Sep 27, 2023 |
Segzy19:Shed more light on what? Dude is saying nonsense Naira is a currency not a commodity. Currency in today's world is no line backed by gold or any other commodity like it used to be. Naira value is dependent on how much of it is required vs how much of it is available in relation to other currencies. So how can cassava or any other commodity help the Naira How can the Naira be "commodified" Just because he's wearing a cap with bat logo does not mean he's saying anything meaningful 4 Likes 1 Share |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by Segzy19: 2:34pm On Sep 27, 2023 |
I have not said he is saying something meaningful or not. All I want him to do is to shed more light on his assertion. That's all... I understand you point of currency being backed by gold and other valuable commodities.. Kukutente23: 1 Like |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by jojothaiv(m): 2:35pm On Sep 27, 2023 |
rex21: |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by Chibuzoripob: 2:41pm On Sep 27, 2023 |
Jeyun:The suffer wet don KILL Ur family finish.U go CRY well |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by Biola67: 3:04pm On Sep 27, 2023 |
Chetas81:Cry me a river. How you feel is NONE of my business. |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by Chetas81(m): 3:06pm On Sep 27, 2023 |
Biola67:of course every human being have their limits |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by emmanuelbrown26: 3:15pm On Sep 27, 2023 |
b0rn2fuck:Yorubas are d most dumbest tribe in Africa. 1 Like 1 Share |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by Eagba(m): 3:18pm On Sep 27, 2023 |
Ejimeh269:you my friend is the illiterate 1 Like 1 Share |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by emmanuelbrown26: 3:19pm On Sep 27, 2023 |
Jagabanarmy:Are u spitting on him or are u seeking for solution? I said it d other time that Tinubu needs to swallow his pride and call business gurus to teach him how to move d economy forward, but his arrogance won't allow him 2 Likes 2 Shares |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by edungene7: 3:19pm On Sep 27, 2023 |
Tinubulation has lost control he thinks Nigeria is Alausa Lagos were he sits and smoke marijuana at will while people from the south worked so hard through SMES to build the Lagos economy give Tinubulation 30years Nigeria will only be worst off because he is only a politician who plays the game of divide and rule Agbodorians don't even have data anymore to defend there fraud 1 Like 1 Share |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by blackboy(m): 3:21pm On Sep 27, 2023 |
I did not vote for either but Buhari will remain the worst president Nigeria will ever have. This mess we are in is because of him. 3rd term ko 20th term ni. Terrorist sympathiser and ethnic bigot to mention a few. Taylor92: |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by emmanuelbrown26: 3:26pm On Sep 27, 2023 |
zoghys:Rice bandit like u. Shey Tinubu dun hit d ground running |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by lawani: 3:30pm On Sep 27, 2023 |
emmanuelbrown26: If he swallows his pride, I URGE you not to support him. If you do, he can still later send assassins after you. |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by JuanDeDios: 3:39pm On Sep 27, 2023 |
rex21:Do you even understand the policy suggestion? Memyselfu2009:He is. Crude oil is priced in US dollar, forcing you to change your money to USD to buy crude oil. Palm oil is priced in Malaysian currency. Why can't cassava be priced in naira since we produce 25% of the world's output, forcing other countries to change their money to naira to buy cassava? |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by osazsky(m): 3:41pm On Sep 27, 2023 |
Sir wat of corn 1 Like |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by enemyofprogress: 3:44pm On Sep 27, 2023 |
Mynd44 na wetin be commodification of the naira? |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by zoghys: 3:46pm On Sep 27, 2023 |
emmanuelbrown26: Pele ooo, garri bandit |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by Bananapill: 3:48pm On Sep 27, 2023 |
nlfpmod: What has cassava got to do with the naira? Can cassava bring enough Forex to Nigeria? Could it be he is mocking Tinubu? 1 Like |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by seguno2: 3:49pm On Sep 27, 2023 |
oyeb15: I love this analogy. Beautiful. 3 Likes 2 Shares |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by Blitzerz: 3:56pm On Sep 27, 2023 |
ufotunang:Before 1 Like |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by Amount(m): 4:05pm On Sep 27, 2023 |
Jagabanarmy: You want expo... Never will you get it right 1 Like 1 Share |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by ufotunang: 4:05pm On Sep 27, 2023 |
Blitzerz:... nawaoooo..... nigerians has entered one chance 🙄 |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by BossGerald: 4:07pm On Sep 27, 2023 |
Offpointng: So you want to divert people's attention from this failed govt you support 1 Like |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by rex21: 4:26pm On Sep 27, 2023 |
JuanDeDios:So, what is stopping us from requesting for the naira in exchange for our cassava ?? Look at the figures i googled, how true are they ??
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Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by JuanDeDios: 4:38pm On Sep 27, 2023 |
rex21:That's what will happen if this policy suggestion is implemented and it succeeds. Right now, you, rex21, can't just show up asking a Vietnamese trader to pay in cassava - he doesn't have it. But if our government makes a policy around it, our trade minister will reach out to other cassava-producing countries, and once they agree, bingo, anybody coming to buy cassava, whether American or Russian or Vietnamese, will already knows that he has to find naira to pay for it. That way, the naira is tied to a commodity (cassava) and that is "commodification". 1 Like |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by IamOrei(m): 4:39pm On Sep 27, 2023 |
Taylor92: Tinubu empty upstairs? i dnt care abt ur level of education but i can bet with anything that u are not as intelligent as that man. only an unintelligent being will call that man clueless 1 Like |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by rex21: 4:40pm On Sep 27, 2023 |
JuanDeDios:Bro, we should build our currency around something that is worth less than $4bn annually ?? Something our own share isn't even up to $1bn Wetin you dey explain sef. Moreover, we can always ask for naira in exchange for our goods. Nobody is stopping us, the question is the economic feasibility. 1 Like |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by JuanDeDios: 4:40pm On Sep 27, 2023 |
rex21:I've seen the figures. We produce 25%. We eat a lot of it, so we don't export 25%. But we're still the largest player as far as that commodity goes - so we can still go for it. |
Re: "For Commodification Of Naira, Use Cassava" - Journalist Advises Tinubu by JuanDeDios: 4:43pm On Sep 27, 2023 |
rex21:How does using the cassava to commodify the naira amount to "building our currency around" it or stop you from using it for other things? Is it either or? And what's "economic feasibility"? You're out of our depth. 1 Like |
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