₦airaland Forum

Today one dollar = 11.84 cedis you can check it out this time next month. Yet Naira might be nearing 1500 by then.

StreetFight:
They are not importing petroleum products, they are not buying designer bags, shoes, marbles, plates, e.t.c. from abroad

Don’t be silly who doesn’t like designing bags, & talking of designer bags less than 1 % of population buy those things.

sholatech:
Not only Naira. Check the news and see what is happening past few days to Ghana Cedis, Kenyan Shillings, Egyptian Pounds etc

Ghana ceedis have not moved from 11 to 1 to the dollars.

People talk of lack of productivity what these countries I mentioned producing that we are not producing.

What is Ghana, Benin Republic, Togo and Cameroon producing yet their currency’s are not free falling like Naira.

I sense sabotage by Tinubu’s Enemies.

nedu666:
Why is a country who have limited access to us dollars operating a free floating exchange rate. If nig govt fixes the exchange rate, banish Black Market, insist on all purchase and sale of forex must go tru banks

What I noticed when I went to Namibia for one month, they do not allow domiciary accounts. I don’t know where we got that idea from. Y allow dollar accounts in your country, even in d UK they would not allow you to have a dollar account.

Once we scrap dollar accounts I would see the value of Naira surge. But leave it as it is means the same banks that keeping d dollars for you would end up being d ones selling d banked dollars in d black market.

He is a gonna, I don’t see him winning in appeal & supreme courts.

To be sincere when Naira was 1 to 1 in 1976 during Murtala / Obasanjo.’s first coming we were consuming made in Nigeria goods. Even the head of state and this was when obj took over, 504 was the presidential car.

We need to consume what we produce. Innoson cars is there but our Governments both states & federal would go & buy foreign vehicles.

Rayban26:
White men call Africans black monkeys for a reason. And we keep proving them right unfortunately

Oga take an easy now, but truth be told, just yesterday CBN say make I come collect dollars to import tooth pick. If that policy is not madness then tell me what can be mor madder.

ican2020:
No clear direction in Nigeria cause the leaders are clueless

since the article in March the Afghanistan currency is now trading at 75 to 1 from 87 in March, meanwhile our own is racing to 2000 to 1.

Nigeria with hail thee.

saintopus:
What do you expect when we have very strong appetite for foreign goods and services.

Ban Nigeria from any form of buying and travelling out if the currency will not appreciate

You have said it. Once you close your economy and eat what you produce there is no way your currency will not be strong and stable.

With all our phd’s well knowledgable Bankers our currency keeps on falling yet Afghanistan a country on embargo her currency seems to have gained value dropped from 100 to the dollar to 87

What way forward for Nigeria, abi make we send our cbn Governor to the Talibans for some understudy knowledge because this our fall in currency to a supposedly one of the smartest people on earth defiles logic.

Are they still going to support Isreal.

Would they still be supporting Israel lock, stock and barrel. As we know some cities in America has Muslim majority, like Minisota amongst many others.

In the instance that Muslim becomes majority what would happen to the US policy in Isreal.

Why can’t we do the same.

alfredfrddy:
Can any same person tell this man that Nigeria does not need highway but functional railways?

Railways is also on the cards. Let d minister for transport talk about that.

They should use the western frontier to build it. That is the Badagry to Sokoto frontier. That way u avoid all the big cities on the way.

BItt:
Do you look like you were 8 years ago

I even look better and I don’t have 1 /200,000 of his money. I eat well sleep well no stress.

Drinking ogogoro on empty tummy. I would not be surprised he has a kidney and liver problems.

I travelled from Windhoek in Namibia to their port in Walvis Bay 400 miles not a single pot hole. And this is an African country.

Kukutente23:
The bolded is not true

How can we rely only on Dangote. Is that not monopoly.

The triple wahala of oil price going up in the world market, supposedly removal of the old subsidy, plus the continuing devaluation of the Naira has dealt the Government severely.

If I was the govt I would build a couple of modular refineries and start producing pms for the cheap. That is d only way we can keep d price low. Otherwise we are in for a long thing.

U can imagine a state like katsina saying we have not got dollars but we have 200,000 barrels of oil. U do the maths.

greatfucker:
How will 1naira then equate to 4 dollars pls explain to me like a kid

The price of a barrel of oil is $97.00, that means u would need 97 units of American money to buy a barrel of oil. It means if our currency is tied to a barrel of oil it means, if I was going to exchange a good it is either I give you one Naira or which would be = 1 barrel of oil.

But because our currency would be too strong can you imagine 1Naira = 97 dollars we devalue our Naira by say 4 = 1 Naira = 24 dollars, it was 20 dollars last week when the price of a barrel of oil was $80.00

That is why I said their should be huge storages of barrels of oil for which every Naira is backed on.

Instead of giving states Naira notes give them barrels of oil as allocation and they can do what they want with it.

This is what would make our currency strong.

gidgiddy:
Obiano is from Aguleri. He built their town town hall, donated it to them and returned from America for the official opening

The man retired to America as chief auditor to Chevron and was also an auditor for Texaco as well as fidelity Bank, where he became an executive director

He said on YouTube that he was enjoying his retirement in his mansion in America that had s swimming pool and basketball court when Peter came one day to tell him he wanted him to become APGA Governorship flagbearer

The rest is history

No diasporas that has spent 20 years plus abroad would want to retire abroad no matter what. Clearly this man is running away from his own shadow knowing what he did. I have seen diasporan relocate to Nigeria with less than $2000.00 after spending 20 years abroad. People just want to back home after a while.

$1 = 990.00 black market yesterday. Once it hits 1000 time to remove 3 000’s making it 1 = 1

There are some professions discrimination does not make sense. Medical Doctor or even motor mechanic. Would you be asking a roadside mechanic not to touch your vechule when breakdown in d middle of no where whether he is Yoruba or Igbo. U want d man to get u going.

Same thing medical doctor.

Is it true today or not?

Adelaide2:
Copied:
Anambra people seem to need a lesson on diplomacy and political correctness. A medical doctors advertisement from Anambra govt says only Anambra indigenes are eligible to apply. Another medical job advertisement from Kano says open to all applicants. Now, you wonder why in 2023 a highly professional position is being restricted to a particular locality. Even if Soludo and company prefer to hire only from Anambra, the diplomatic or politically correct thing would be to accept all applications but invite only Anambra applicants for interview. No one would know what they did because they can always claim they invited the best candidates. I'm sure the advertised Kano jobs will eventually be filled by Kano indigenes or other Muslims from the North. But no one can accuse Kano here of open discrimination.

There is no need openly discriminating against others in 2023. This is not so different from the recent electoral discrimination against Igbos in Lagos.

Many years ago when I was in Nigeria I had applied for a federal government job in Lagos. The project was allocated to each state. I managed to meet with the Director of the agency in Ikeja through a contact. After a brief discussion he told me to apply for the job in my own state. But I lived in Lagos, not Abia. I was not hired for that position. But at least I was allowed to apply.

Discrimination is a problem in Nigeria. Sometimes it is same people discriminating against themselves, worse so, openly. This must stop.

.

The advert is an Afront to other Igbo’s from neighbouring states let alone Nigerians.

Imagine lowest paid Nigeria that is getting 30,000 per month would now = $120,000.00

Everyone wey japa go Japada!