₦airaland Forum

Quakertellicus1:
To what kind of policies?

Let's not deceive ourselves....austerity is in the cards...even if PDP won last year. Unless you have a secret plan to get the Saudis to raise oil prices.....

We cannot loosen forex controls...because it would make the already bad devaluation of the naira worse.

So...what policies do you have in mind?

norriswood:
PMB, THE ECONOMIST!
PMB has done it again. The school cert holder (?) has done what a PhD holder could not.
Very simple economics. We buy most of our goods from China, so why must we pay the Chinese in dollars? The Chinese buy a lot of crude oil from us, so why must they pay us in dollars?
So PMB made a deal with the Chinese. We pay for the goods we buy from China in Yuan, the Chinese currency. They buy our crude oil and pay in Yuan.
The exchange rate is to be pegged at 30 Naira to one Yuan or RMB.
So how does it favour us? Simple.
The Yuan is now 6.48 to a dollar. So if you pay 30 Naira to the Yuan, that would be equivalent to 194.4 Naira to the dollar.
Since the dollar exchanges for 199 Naira, you save N4.6. 199 - 194.4 = 4.6. Simple, huh?
In simple terms, PMB has just strengthened the Naira by 9.15%!
And that's not the end of the story. As we begin to deal in the Yuan, the demand for dollar would plummet and this in turn would weaken the dollar. It would crash to around 140 Naira to the dollar.
May Almighty Allah extend your life span, give you good health and strength.
God bless Nigeria! God bless PMB!!.

Quakertellicus1:
So Buhari is responsible for banks not being able to think beyond government business...

And by the way...what do you think should be done next.? What is your solution.?

brenister10:
From the message emanating from the picture, the lady is not doing it willingly cos she's covering her nostrils. So the love isn't total but conditional...

Almajiri1:
Okay Milady.

mideactive:
Some people mentality self una nor dey tire?

SamiraF:
This APC Presidency, and by presidency I mean General Muhammadu Buhari and Pastor Yemi Osinbajo are fraudulent hypocrites. This dictatorial duo are shouting anti-corruption while duping and looting the nation. Aside from the insensitivity of launching Aisha Buhari's beauty book on Chibok Girls anniversary, have Nigerians asked them why state governor's were forced to buy a beauty book at n10,000 each per cover price while donated prices were far higher when "beauty therapy" is not in our national budget of development goals? Thieves in high office.

Almajiri1:
lalasticala, is there a conspiracy why this is not on FP?

mideactive:
Some people mentality self una nor dey tire?

Almajiri1:
She looks good to the eyes. Buhari really caught her at such a tender age. She will now groove all those suppressed fantasies buhari and Islam termed harem. Lalasticala, why is this not on FP?

gud4dbest:
Funny!