₦airaland Forum

Coming from a country that shot hundreds of rockets into Israel and all of them were repelled that it couldn't even kill a common cockroach. They are here making noise.

Small nyash dey shake oh. Israel will turn Iran to rubbles in 6 days. Or even less.

blueAgent:
Low IQ is the problem with Nigerians, not only Nigerians but Africans and blacks generally.

honestly it's so pathetic. More pathetic is the fact that the government doesn't know that they can make more money. For example.

Everything in Nigeria is working all infrastructure are in place and the average citizen earn let say ₦1,500,000 a month and pay an income tax of kets say ₦150,000 now multiply that by let's say 50 million gainfully emoloyed then multiply the sum by 12 months. That's what the government would have been earning in a year and we wouldn't have been having budget deficit every year.

Nawa for this country sha

FG will

FG moves

FG target

Same hogwash... Mshewssswwww

I always knew that this voodoo and fire brigade economics will not lead anywhere.

When you aren't a productive country and an export oriented nation, your economy will suffer and your currency would be valueless.

blueAgent:
US na your mate.
You no compare California the largest state economy in US with over 3trillion dollar to Nigeria na US you see.

If you see the population size no much difference. I come dey wonder wetin be Nigeria problem?

advanceDNA:
That means u don't understand ur colleague

Ur own aim is to convert back to naira to have a feel of plenty naira...... but the conversion technically makes only little difference because the naira u want to convert to has a very low purchasing power now.. e.g 2.7M tokunbo now goes for 8.5-9M..

But if u can understand ur colleague....T.M shirt is still 3 for 135$ since last year....if u dont gerrit, fogerrit....

Exactly most people don't understand the economic term called "Purchasing Power Parity" even if you have millions of naira and the value of the currency is low it wouldn't make a difference.

I don't know who gave people that ridiculous economic idea that it's good to save money in a foreign currency... Rather than earning in a foreign currency.

Na statistics we go chop...

How e come be now..

Bestmanfornow:
When I said propaganda doesn't build economy, only a fool will be lying to himself expecting a positive result, now we are no more largest economy in Africa na number 4th Oluwale economic team has finished us in this country

With their fire brigade approaches to economic challenges... Msheeww

From number 1 to number 4, interesting 🤔

Bring Down the price of petroleum products and see the way inflation will reduce drastically... High Cost of Transportation has always been the main culprit for high inflation.

I feel very bad that even after many years Nigeria is still battling terrorism and banditry. I pray Nigeria have good leaders someday that would fully equip the military and upgrade all their hardwares for effective combat, intelligence and reconnaissance.

I feel bad when soldiers die anyhow.

United States of America

Population
330,000,000

GDP
$29,000,000,000,000

Per Capita Income
$80,000


Nigeria

Population
230,000,000

Labour Force
100,000,000

GDP
$500,000,000,000

Per Capita Income
$2,500

Justiceleague1:
It's obvious you don't understand what GDP means 😁
Do you even understand the graph there?
It's so easy to pretend 🤣🤣🤣🤣🤣

clearly he doesn't know.

victorVIC1:
I would like to see the statistics in Yar'Adua's administration cos to me we've barely had any good leadership after him

Yar'Adua demise pained me deeply. The only good president Nigeria have had in the last couple of years but he didn't last. Too painful 😳😠

CountinBlessins:
Tty
Id you have nothing to say close your mtouth and go read your books.

gbam

Antoeni:
Buhari Was a Complete Error,Disaster & Misfortune to Nigeria & Nigerians, The Dummy To Nigeria & Nigerians 20 years Backward

honestly. He had no clue about anything.

Beverlyjean:
We had Jonathan that was progressing the nation...but the SW and North combined to destroy us... SW used propaganda with pure undiluted lies while North used insecurity...look at where we have found ourselves today

honestly its painful 😣. Nigeria started declining rapidly in late 2015/ early 2016.

Things haven't been so bad in Nigeria that people would be finding it difficult to feed. That year I was schooling I was always able to feed well by buying a rubber of beans for ₦500 until 2018/2019 when everything started going from bad to worse.

Racoon:
Is the nation bench mark in naira or dollar? Always rationalising cluelessness, ineptitude and Incompetency. Guess the naira has gained, so why is every economic indices not speaking well for the nation? Simple reason is the lack of economic intelligence of those managing the economy

exactly they are too economically daft for my liking and I sometimes began to wonder if they have ever opened an economic textbook before..

Even after how many years since independence with a large population of 200+ Million People Nigeria cannot even boast of a GDP of $1 Trillion USD with at least a GDP Per Capita Income of $5,000 USD. I dey shame for this country honestly.

Countries with less population have much higher GDP and Per Capita Income with a high export.

S.m.h. for this country sha

Imagine the shame he has brought to his family. In this life before you do anything or take any decisions take time to consider a lot of things.

The kind of heart attacks that children give to me ehn... I'm really preparing my heart for the time I would start having kids. Honestly

But old stock is quick to adjust to new price hike? Mssshhheeewww

I don't really like that guy called Abubakar Malami.

Though the two network are sheit but Airtel is better.

iichidodo:
[color=#1986BC] I don't see the need of a hullabaloo on the size of our foreign reserve, especially if it's used in something as crucial as improving the intrinsic value of the currency used and transacted by millions of Nigerians. If 2Billion$ helps to push naira from 1900 to 1100, then say another 4Billion$ can help us get to at least 200 naira. Now if 1$ equals to 200# in 2024, you wouldn't fail to realize that cash and savings of millions Nigerians just got far more valuable . What's the need of a foreign reserve, if it cannot help to execute crucial macroeconomic function we just highlighted before....And las las, we have crude oil sales to replenish the reserve...[/color]

And what is preventing Nigeria from using the reserves to become a more productive nation?

Honestly I never knew this.

So why can't they vow to reduce petroleum price to ₦200 / Litre. Nonxense

This country too daft sha. Tufiakwa..

I really felt for the woman sha... I can't imagine being in such situation.