$500m?
Daylight cashout

aribisala0:

Simple answer for those with brains

The oil prices were high for most of Jonathan's government. The only productivity as far as dollar was concerned was crude oil.
Oil prices crashed on the eve of Jonathan's departure and he has no answer. He left a crashing economy so do not deceive anybody
Jonathan inherited significant savings from Obasanjo so if you must give credit give it ton. Obasanjo.. Obasanjo cleared foreign debt before he left office

Before Jonathan left office OkonjoIweala was borrowing to pay salary.

Now what did Buhari leave? Unprecedented DEBT
newly 100% of revenue is used to SERVICE debt
Not only that Buhari has borrowed money against OIL still in the ground that has not been sold

So please do not credit Jonathan for anything

The only person who deserves credit for economic progress is Obasanjo.
He inherited huge debt and oil price was $18 when he came to office. Get he cleared the debt ,left significant Foreign Reserves and Excess Crude Savings

You still have not said anything....go back to your post and my response.

onadana:


You still have not said anything....go back to your post and my response.

Do you imagine I have time to engage all the Nairaland miscreants in back and forth

Many don't work again

All they do is buy dollars and keep it!


Well it's not their fault it's because of the kind of govt that we have.

#itiswell!

aribisala0:

Do you imagine I have time to engage all the Nairaland miscreants in back and forth

Wise up to constructive criticism or keep your opinion to yourself.

gigfx:


I think u are missing the point, u think $500, $1000 that guys are hoarding or using to trade on binance are the cause of naira downfall, u forget we are ordinary citizens.

The real dollars are in the hands of the politicians, it is what they always use to buy vote during their primaries.

E lo fokan bale, a ma gbe wale.

yeah I do understand.the dollars hoarding by both the political class and other citizens are the major cause.Even the little amount the citizens hide is still significant sir.Diaspora remittance in excess of 20billion dollars is another big area.all the dollars people are sending home , where e dey hide abeg.it still boils down to the fact we are a Nation in which citizens and the political class set deadly traps for ourselves against the wellbeing of the country

Mynd44:
To those telling people to dump the Naira and those listening to them, pray you don't end up buying dollar at an amount you won't want to sell it

Lol.... What's the rate now?