Ibbawa:
It is not about summoning cbn governor. It is improving local production by giving us power. Finish. Nigeria woul take off.

Get your data at 400 bucks per GB. Valid for 30 Days. Receive before you pay

My Whats app is zero eight one two zero three one one one six five

local production my foot.
Oga , what is Saudi Arabian producing wey no be wetin we dey produce??

Abi Cameroun and Benin republic don dey produce wey make their currency pass naira ?

Bintasukai:


Since he is a dunce, can you show us that you are not a dunce by giving us the answer to your own question. Because based on what you said up there you don’t know how Jonathan did it. In fact it does seem like the only thing you know is the word dunce.


Now, take a look at yourself, you are wearing imported clothes, even as you are aware there are local alternatives. What have you exported to bring dollar into the country? If you don’t know how the process works, I implore you to educate yourself before you get embarrassed with knowledge online.

Oga professor know all please don't be annoyed during GEJ and OBJ is it Nigeria made clothes that we are wearing then and then we were driving Nigeria made Cars every commodities that we are using then was made in Nigeria right.... please masses are suffering it's better to remain silent than to be making caricature of your self in this forum

favor914:
You go suffer well well, dey wait for CBN to make foreign exchange for you.

Oh, you among them idiot suffering. Idiotic fool!

bionixs:
show me one living being in this government that has capacity. Just mention one

You wan kee me? Where I wan see am? 😄

freemi:
what do u expect him to do. I'm sure u dnt even know why d naira is falling.

whatever makes the Naira to be failing is not of a concern of the common man on the street if he is not fit for this job let him resign inflation is flying high cost of living is becoming unbearable that is the concern of the common man on the street

👀👀👀Summon .... Arrant nonsense!💯💯
That dumb, clueless, grossly INCOMPETENT clown🤡 should be shot at sight!😏
# useless govt of self serving THIEVES AND BLOODTHIRSTY TERRORISTS!
Awon eleribu, ole, jegudu jera gbogbo!
# the shyyythole from fry pan to FIRE 🔥

StarRida:
Oga professor know all please don't be annoyed during GEJ and OBJ is it Nigeria made clothes that we are wearing then and then we were driving Nigeria made Cars every commodities that we are using then was made in Nigeria right.... please masses are suffering it's better to remain silent than to be making caricature of your self in this forum

Of course, you couldn’t answer. So as is normal with people who don’t know anything, you had to resort to beating about the bush and insults.

favor914:
Una go suffer well well, if you like no go find something to export to make forex, dey wait for CBN.

Stop being assertive on what you don't have expert information on.

By Tuesday next week they might have to update their reports cos the 1500 of today might be 1700 by now. Before February ending we'd be in 2k.

Nigerians are funny people. What magic wand can the CBN use to stop the falling of a tree cut off at the roots?

This is how tribalism destroys a nation. The guy wasn't qualified for the post but because he's yoruba he must be there now see? Note that the exchange rate below is at official CBN rate. Ebim Pawan ooooo

You politcians are the problem... when you are buying foreign SUV cars of 160 million naira each for each senators with dollars that is scare in nigeria... what do you expect...the dollars must keep on rising...it's not CBN governor fault...the solution is more exportation of goods and less Importation of goods and valuing and patronizing what we have in this country nigeria... simple

Which magic do you want the CBN governor to perform when you politcians, the president ,governors are the cause of this dollars rising and naira losing value

Why is it that you can't get the dollar from the bank, but you can get it from aboki? Who gives them the dollar, is not not same CBN?
You go to Nigeria bank to get new naira notes they will tell you it's not available, but when you go to the market you see bundle of very fresh new notes. The question is how did they get those new notes in the market, sometin the Nigeria banks don't have?
The cbn needs to be checked.
The bank managers needs to be checked too

StarRida:
whatever makes the Naira to be failing is not of a concern of the common man on the street if he is not fit for this job let him resign inflation is flying high cost of living is becoming unbearable that is the concern of the common man on the street

it's not the fault of cbn governor. that's what I'm trying to tell u

ufotunang:
You politcians are the problem... when you are buying foreign SUV cars of 160 million naira each for each senators with dollars that is scare in nigeria... what do you expect...the dollars must keep on rising...it's not CBN governor fault...the solution is more exportation of goods and less Importation of goods and valuing and patronizing what we have in this country nigeria... simple

don't mind some low heads here. Der dnt even know why d naira is falling der think it's cuz cbn. The country is finished

No amount of prophetic statements can control the value of Naira against other Foreign Currencies.
Kindly read through the document below and persuade your Men of God or God of Men to read through before their next predictions about economic growth and developments.

Die if you like, the Dollar will keep rising against the Naira !



People in Government must read and heed this.

1. Appreciation and depreciation of Currency is not related to race or colour. It isn't who is the President either; be he Hausa, Igbo or Yoruba.

It is basically about the production of goods and services and the demand of your products in the World Market.

A confused Country that produces almost next to nothing will never meet up. Policies only control your Currency, not the value of other Countries' Currencies against yours.

2. A Country where over 500 Industries died within 30 years must be stupid to complain of depreciation of her Currency.

We keep killing local Industries and expect policies to make it up, it's a joke Sir !

Don't use China as an example of depreciating Currencies and strong economy. China produces and may attract more export with that strategy, unlike Nigeria that produces nothing.

3. A Country where someone made away with $2+billion simply to be shared, is already a doomed one in terms of monetary policy and value.

A Country that produces a Dizeani and a Bafarawa, who spent billions to appease Demons. Those money without economic value is an economic waste and poison injected into the system.

4. A Country that favours importation over local production is doomed because it creates employment for other Countries while sacking her own Citizens.

Some people are working in Michelin and Dunlop somewhere, yet we use the tyre here.

Don't tell me about the principle of comparative advantage here; it's not applicable.

5. A Country that exports all raw materials without adding value to them, is shameless to talk of depreciation of her Currency, and will later re-import finished Products of those materials, is the peak of daftness.

A Bag of Cocoa will go for, like N1million Naira, but when it is processed, its worth is around N7million.

Even Farmers who produce the raw Cocoa can't buy the end product, Chocolate !

6. A Country that deliberately operates a banking system which gives loans to Importers at the expense of local Industries, is doomed and should say nothing about depreciation.

Most of the loans are given to Senators and Representatives not Industrialists.

7. A Country that gives loans in billions to the agric sector without monitoring and evaluation of such loan on how it gets to the real Farmers, is a sham.

A Guy collected over N2 billion agric loan. He bought a Jeep, built a nice House and used the rest to import processed Pork.

Meanwhile, local Pork Farmers are dying here. Is that not double tragedy, stressing Forex and at the same time killing local Industries ?

8. A Country that spends more on few privileged Politicians at the cost of the populace who are unemployed, should not talk about money depreciation.

A Country that keeps paying NNPC Staff N10 billion as salaries every month, when a single drop of Petroleum Products was not processed, should shut up about depreciation of Currency.

The only value-added product to the system is rising crime and criminality !

9. A Country where it is difficult for Investors to register businesses because of the demand for bribes by Governent Officials.

Right from the Airport to the Hotel; to the Ministers and to Governors, Investors will bribe. All these are part of cost of investment.

A friend brought an Investor on Estate Development just for the State Commissioner for Lands to demand 30% of the investment !

To see the Governor in a State will cost you N2 million as bribe before you can be scheduled. This is a State as poor as anything.

10. A Country where the cost of travelling for treatment Abroad by Government Officials will build World Class Hospitals should not talk about Naira against Dollar parity.

Money taken on that trip is part of stress on forex. Same as forex spent on Pilgrimage.

Let religion Fanatics keep off me here. Without going to Mecca or Jerusalem, you can still make Heaven.

Yes ! You waste forex on Pilgrimage and later talk rubbish about forex. Pilgrims get Dollars for N160 while Industries get it for N350 ! Is that not Crazy ?

11. A Country where a
few People have access to Federal reserves and those few can get loans, not because of what they can produce but the connection they have. Is that Country not doomed already ?

12. A Country where we import what we produce because it's "cheaper" to do so, is doomed.

13. A Country that has arable Land and teeming idle Youths but still complain of hunger, should not talk about Currency depreciation. It's not only annoying but nauseating.

14. A Country where free money flows can never control inflow and outflow of Forex.

Imagine someone who wants to hide his loot went to "Aboki", the Forex Dealer, to buy Dollars worth $50 million just to hide it in the basement of his House.

That money has no economic value, yet it deprived those Companies that needed it to import raw material. The same Companies go to "Aboki" to buy the hard Currency at exorbitant price.

15. A Country where a strong Bank Owner can influence shares from within the Stock Exchange Floor to inflate their shares' worth from N20 to N150, crash the same share to N30 and ready to buy it back at N28, all within a year.

Forget it, the Currency will never appreciate in such an economy.

16. A Country where Banks are involved in round- tripping and inflated cost to siphon money, is doomed.

A Company wants to import Caterpillar worth $50,000. A Bank made the forex for such import $550,000.

Meanwhile no Caterpillar was imported at last, yet the money faded into private accounts.

Who strained the Forex exchange rate in that case ?

Copied

Naira free falls occur as a result of acceleration due to gravity..
Naira is in a free state...

freemi:
don't mind some low heads here. Der dnt even know why d naira is falling der think it's cuz cbn. The country is finished

....abi .. there is nothing much the CBN governor can do...

fearlessfang:
This is just the beginning. By May, 2024 it would have gotten to N2000 per dollar.

Nigerians should brace up for more hardship. This is just the beginning.

More hardship and sufferings coming your way. You’re free to continue with “it will favor me and my family”

Continue in cowardice. You will suffer well

Na you go suffer.........

tuzle:
some of u sha. U still found a way to bring obedient. Someone seeing ur comment will think obedient is the reason for naira free fall or even for all Nigeria problem.

Obidients are the number enemies of Nigeria always rejoicing when they hear bad you, using bad News to campaign