₦airaland Forum

LoveDecay:
China has this money , we do not need to consider the Saudi's.

oyinkinola:
.....with the determination of Nigeria president Buhari and the trust of of world leaders toward nigeria, from America, Eroupe, Asia and gulf nation the down price of oil and the rise in $ is not a corse to nigeria but a blessing.

ahmedjika:
my problem with nairalanders they don't go beyond local news

azikiweironsi:
OP, God Bless you for the writeup. Well educating. Hope other NLs will follow this step rather than using abusive words.
Nigeria will be great again.
God Bless Nigeria.

ckmayoca:
Nigerians can't revolt kankan because our politics is like na we dey dir even at the point of hunger and dying. The motto is APC for life and PDP till I die things

onatisi:
Too late to do anything about it now.maybe if the current govt had taken proactive steps around July or August last year things might have been different now. Even right now it is too late to devalue the currency because the difference between the black market and bank rate is too too wide. The best now is to leave the market as it is and allow it to cool by itself .this may take time and to be honest very very painful and hard on Nigerians but after sometime of which can't be predicted the demand for dollars will come down.

mrphysics:
@op you have really done a nice work. I love the way you unbiasedly pen down your point.
From the past to where we are today, and from different governments.

Do you think that the cause of this current economic situation of Nigeria is caused by the present administration
please give with reasons why the previous administration didn't experience the high exchange rate.
Just for the benefit of some wailing Wailers in NL. because I know the answers. thanks

Reference:
Top exporting countries like China and Japan struggle to keep their currencies WEAKER than set levels so as to make their goods competitive.

.

Reference:
The price of electricity has gone up and people are shouting.

LRNZH:
Devaluation between 1985 and 1993 and indeed in most Nigeria's history has not forces us to any meaningful solution. Don't forget that we are still import based.

If I may ask what do you export? I am only curious.

Reference:
Devaluation will flog you to a solution. Propping up the naira will only maintain the status quo, slavery to big oil. Make your choice oh ye irresponsible, ease seeking, ostrich hiding, can kicking, lazy ar.se.d citizens. Na una sabi. I am exporting and my clients are loving it.

doctokwus:
Watched Fmr INEC state commissioner,Igini on AIT and his thoughts on the SC judgement just echoed what I have since postulated:that the SC issued a convenient judgement to serve its own purposes.
I said and igini reaffirmed :that the electoral act gave INEC authority to issue GUIDELINES for credible conduct of elections.Card reader is one of such guidelines, so how can the SC now come out and say the card reader is unconstitutional and thus illegal?!
Even as much as I detest electoral fraud,I,with deepest regret,wish that APC can utilize ANY means available to win these rerun elections so that Nigerians who defended the fraudulent SC rulings wud come out to shout,protest and even riot.With that everyone wud then sit down and start reviewing the SC rulings and even ask for investigation of the judges.
For now PDP cannot cry foul because they supported the clearly backward ruling of the SC.