We are the new Zimbabwe.

cjudy:


all thanks to una president.
@ seun why is that bbqgrillmanner account difficult to quote. he will insult other people but they can’t quote him why? why the ojoro in this forum? why giving that tribalist and coconut head immune to insult others.

u nor know say seun na bastard before

A time will come when those who Looted Nigeria dry will beg to return their loots so that we can have Nigeria again.

Mr. Man stop all this rubbish comparison, it is only Nigeria that has failed. Other Africa countries are doing well, your stupid president has failed everyone. This is how he built Lagos

What is currently happening in the world is what the Bible call famine

Going by the trend, naira will reach N4000 per dollar by next month.

Gajagojo:
The simple truth is Africa is being gamed with the dollar to pay for th war in Ukraine

Not true.. Tinubu is the cause. He left our exchange rate in the hands of the Aboki BDC to determine. When he floated the naira. Now everyone can see how the naira is floating non stop. Tinubu is a disaster

Killermamba:
u nor know say seun na bastard before

very anyhow human being

This article is talking about Kenya whose shillings is maintaining a steady rise against the dollar. When has Nigeria naira ever maintained a steady rise against the dollar? Instead it falls by the hundreds and rises by the units. Is that one a currency?
The truth is the same guys causing the problem are the ones saddled with solving the problem so we a stuck in a vicious cycle to nowhere.
Apc and the mandate thief have finally killed Nigeria.

andy244:


Not true.. Tinubu is the cause. He left our exchange rate in the hands of the Aboki BDC to determine. When he floated the naira. Now everyone can see how the naira is floating non stop. Tinubu is a disaster

You are entitled to your opinion

/
I wonder what happened to these two brilliant NL quasi-economists (Pocohantas and doggedfighter) who believed very much in naira 3 months ago. Reality is king.
It reminds one of those MMM loafers who couldn't smell the coffee until the inevitable happened.

/

InvertedHammer:
/
I wonder what happened to these two brilliant NL quasi-economists (Pocohantas and doggedfighter) who believed very much in naira 3 months ago. Reality is king.

I am quite amused at people like you who are delighted at the free fall of the Naira when millions of Nigerians are starving.

Oh you are right! It is on its way to N5000/$.
Erudite Economist!

cjudy:


all thanks to una president.
@ seun why is that bbqgrillmanner account difficult to quote. he will insult other people but they can’t quote him why? why the ojoro in this forum? why giving that tribalist and coconut head immune to insult others.

Na today you know say Nairaland dey bias?

Are you aware you're compelled to swear to a certain god and denounce another before commenting on any Islamic thread? It's not like that in christian threads.

Na wa o! You eee your life? As ineffectual as Jonathan regime was .. you still think he performed well abi? Even though Jonathan’s regime was way better compared to these last two failures we have he(Jonathan is still a failure as well compared to his predecessors. Imagine All our leaders ( from 1960 till date ) can’t solve power issue till date- shame on them All,



“how can we get back to the Jonathan regime of how things are will be like miracle💔”

Malvinn:
Tinubu administration has end this country.. how can we get back to the Jonathan regime of how things are will be like miracle💔
.
Meanwhile at a cheap price dm me for your logo and flyer design

pocohantas:


I am quite amused at people like you who are delighted at the free fall of the Naira when millioms of Nigerians are starving.

Oh you are right! It is on its way to N5000/$.
Erudite Economist!

/
Take emotions out of it.

Expect to get burned if you run into a burning building.

Am I delighted? Of course!

/

InvertedHammer:

/
Take emotions out of it.
Am I delighted? Of course!
/

You should be delighted. It is more important to your kind that you say "I said it".

motionarena:
Some wicked forces are behind this.
This is not a matter of weather we export or not.

Have we ever been an exporting nation but e never bad like this. Our economy bad but e still beta pass many African countries.

Abi Somali get better economy pass us

Try and research on Nigeria's external debt to GDP ratio, and you will understand what's happening.

Just look at Egypt & Kenya exchange rate to a dollar still in hundreds

Emmylay12:
Nigeria is gone ! We all should wake up and do what is right

And what is right?

Shopping for excuses to cover up their failures.Misery loves company.

pocohantas:


You should be delighted. It is more important to your kind that you say "I said it".

/

If you are a Christian, better start praying that Jerome Powell starts cutting US interest rates soon and 10 Treasury yield falls. Heck if US equities take a dive and there is overall flight to safety by investors, US dollars jump and naira melts to abyss. It is not rocket science but reality.

/

/

Gajagojo:
The simple truth is Africa is being gamed with the dollar to pay for th war in Ukraine

Sighs
Rubbish, how much do the African countries have?

InvertedHammer:

/

If you are a Christian, better start praying that Jerome Powell starts cutting US interest rates soon and 10 Treasury yield falls. Heck if US equities take a dive and there is overall flight to safety by investors, US dollars jump and naira melts to abyss. It is not rocket science but reality.

/

/

I should pray for what? Na you dey feed me as Nigeria hard? Let me join you to pray it skyrockets to N5000/$. Isn't that the reality?

Nigeria too should be on the list
Listen to IMF advice at your own risk
They impose on you what they can’t do in Europe or America

Bahamas95:
Na today you know say Nairaland dey bias?

Are you aware you're compelled to swear to a certain god and denounce another before commenting on any Islamic thread? It's not like that in christian threads.

just imagine the rubbish they’re doing

blueAgent:


Sighs
Rubbish, how much do the African countries have?

How much does the war in Ukraine cost?

motionarena:
Some wicked forces are behind this.
This is not a matter of weather we export or not.

Have we ever been an exporting nation but e never bad like this. Our economy bad but e still beta pass many African countries.

Abi Somali get better economy pass us

nthing like weaked forces na buhari govt cast mata high borrowing ,and most of our CBN governors are mere bank managers who don't undastand currency .esp ikonjo iweala
Most naija politicians don't undastand economics it give them mirage headache


.for example price of food determine ur purchase power
Fuel,diesel determine ur food due to logistics and cost of farming like irrigation ,tractors,harvester etc
Minimum wage



For example if exhange rate is 100 naira to a dollar so DT our product will not be expensive to export .to Africa for example
1 naira to a dollar no good is like u saying Bleep u africa i want to trade and associate with d west and u knw the crowd of nations that are far more organise and build strong biz relatnship with d west many .

So we have 100naira to a dollar
Fuel is 50/60naira to a litre
But price of local grow food is subsidize like ugu of 200naira is now 10naira
Garri ,beans sold for 850 on season while off season 1k
Naija rice maybe 1800 on season while 2k to 2300 naira off season
Chicken small one is maybe 250 while big one is 650 nsira
Minimum wage is 30k
But teacher and nurse are paid minimum wage of 60k

You dey earn. 30 k go jux spend only about 5k to buy bag of garri,beans ,nd rice plus cartoon of indomine ,wheat or semolina

Who dey do chicken suya or barbeque chicken plus plaintain chips will be sold for 500naira if they sell 30 to 100 orders a day if his using app food delivery
250 profit× 30 =7500naira a day
THAT HOW OYINBO COUNTRY DEY DO AM WHERE DEY MSKE OUR JAPA PPLE DEY ALWAYS DEY SAY LIFE FOR ABROAD EASY ND U SEE DEM DEY FRESH

EtinosaDLaw:
The man that built lagos has destroyed Nigeria.

I nearly wept today when a female factory worker seated beside me in a canteen ordered for #200 rice and stew. No beans, no plantain, no meat. The food just looked so paltry, bland, and uninspiring. You could tell that she just needed to put something in her belly for the morning. May God punish Tinubu and his son Seyi.

You nearly wept but could not assist the girl by buying beans or meat for her. Though I don't know your pocket but if peradventure you had more with you and ñever assisted her, then you're not different from those inflicting hardship on Nigerians.

HeatSeeker:


https://businessday.ng/big-read/article/herere-african-countries-worst-hit-by-currency-devaluation/

Is this an excuse for the wicked devilish Emperors of a suffering country hit with untold hardship.

APC dey try. Black can never be white. Continue the stupid comparison to justify your incompetence.

MASTERCHIEF0847:
Only Kenya and Egypt...2 countries out of over 50 in Africa.

Dont mind the op, being smart by half. Which one of those countries have had in 6 months their currency devalued by
close to 200%? Or in 9 years of a locust party from ₦200 to ₦1900 to a dollar?
Do Nigerians even understand the kind of poverty this apc has brought?
If you had ₦50m in your account 9 years ago, you had $250,000.
Today if you have 50m it is now worth $27,000!

Nigeria is also seeing shege.