₦airaland Forum

rokiatu:
is it that big not to be real?

i comment my reserve.

Ymodulus:
I believe the devaluation of the naira will lead to a chain of reactions, many of which may not have the intended results. For a largely monolithic-economy, like ours (Nigeria), the expectation that a devalued naira will drive export of local products, which do not exist in the required volume for now, will create additional burden on the populace. When you juxtapose the consequence of an inflation induced policy on an economy, nay the people who do not possess a corresponding purchasing power, by reason of unemployment, the consequences are better imagined than experienced.

No doubt there is the expectation that the government’s revenue, in terms of naira will move up, because of the wide exchange rate disparity between the dollar and the local currency. However, the point must be made that this expectation may be unrealisable of two variables- the falling oil prices and lower crude production aggregate.


You might say Ymodulus Is there any escape-route?

Certainly, but the question remains if Nigerians have been sufficiently sensitized to brace for this situation. In the developed nation’s when currencies are devalued, it is to encourage exports, because the prices of local products serve as an incentive and a toast for foreign buyers. In the process, they earn foreign exchange, increase production and create additional jobs. Unfortunately, that is not the position with Nigeria. Another issue would be that Nigeria will have greater difficulty in paying its external debts, which are on a growing trajectory. Earning less foreign exchange in the face of growing external debts, is an ill-wind that blows no one good.


I had said earlier on, once on this forum where i cant recall that the sack of Sanusi a Veteran Banker and the Imposition of Zenith Bank Ex MD. Emiefele Godwin is a big mistake. I have never liked Zenith bank cause of their wrong banking policy and ideology and i knew that a man such as godwin coming to the apex seat of the banking sector will pose a problem, but some nairalanders here called me an APC fanatic, i hope they can now learn as its happening. Lastly I see the naira being devalued to official rate of N220 by May 1st, as long as the CBN substitution of the naira allocations for dollar is not STOPED.

Mark my words the naira would be at a rate of N220 officially by May 1st.

I am Ymodulus

did you study economics from benue state university?

rokiatu:
Do you live in a cave?

is ur back side real?

flavour should not be left out.

interesting

a year of divine visitation for all, liberation and CHANGE

like seriously.. is she married.?

nigerians are watching

am on my way

and this is the man who wants to rule nigeria again..
May God save Nigeria.

rubbish

jonathan's fresh air



as for me and my house we shall vote Gen M. Buhari

true talk

ok

the Lord is good

brb

ask the governor.

there is a governor who is suppose to be impeached by the assembly members which state is he. ebony

madness ontop fake aba made shoes

all this cluelesness infected individual, common sense should have told her that the roads are bad and not the buses or cars as she presumed..

welldone. apc governor.

jonathan your days are numbered.. operation #marchback2otueke. no negotiation.

this man and widows sef.

c.e.o

that woman is damn still looking young. poverty is a bastard.

disiel.

kandiikane:
your life is a failure compared to them.

you so unlucky that am a made guy with the right platform. so go get a job bastard.

handsome man he was.

following thread till i have enough money to purchase land and then have much time for the farm.

LordMecuzy:
Nice write up bro.... Dis needs a cold beer in Jackies

hahah.. someone here is from benue. thanks a million.

bo weapon fashioned against change shall prosper