₦airaland Forum

[size=18pt]Make 1 Naira = 1 Barrel of oi[/size]l - https://www.google.co.uk/search?q=barrel+of+oil&espv=2&biw=1920&bih=979&tbm=isch&tbo=u&source=univ&sa=X&ved=0ahUKEwjOzIHft8TOAhUD1hoKHai_DKQQsAQISA#imgrc=79raWYsDuX8G_M%3A

Which one be judge Okon A bang own again. I thought PDP has resolved their issues d other day!!

Ondo state has d lowest muslim population amongst yoruba states. The muslim threat is a hollow threat they have not got d numbers . Afterall Rahman Olusgun Mimiko was born a Muslim and he takes care of their concerns they have already have representation in Mimiko.

Rand use to be 1 to 8. Never it was 1 to 13 now. So they too have had a bit of devaluation on their currency.

I don't understand these Governors. They will be owning salaries yet do holier than thou by going to Redeem camp to either pay or show patronage to Daddy GO certainly they are not paying homage to God. And they think by associating with a man of God their sins are cleansed.

When men can see their wickedness how much God. Surely they will get more than they bargain for in d day of reckoning and d pains they are inflicting to d poor and down and trodden will be X 1000 by d Grace of God.

Same thing in Edo Statell Oshiomole will not pay those old pensioners, and his cavassing for d people's vote. I was moved to tears when one d old men was crying on TV asking d government to pay his gratituity . Why are our Governors this wicked.

The price of a Barrel of oil is a universally accepted price it means u either pay by your paper new naira notes or exchange by barter with a barrel of oil which accepted all over the world.

I have said times without number tie our currency to the value of a barrel of oil.

1 new Naira = 40 dollars.

40 dollars X 400 = 16000

1 new naira = 16,000 old naira.

It means everything to get the true value would be divided by 16000.

NOW LET US LOOK DEVALUATION OF OIL SINCE 1980

in 2013 a barrel of oil was 150 dolads per barrel.

Whilst in 1984 to 1991 it was hovering between 10 dollars and 20 dollars per barrel.

TODAY IT IS 40 DOLLAR.

COMPARE THAT WITH NAIRA DEPRECIATION FROM

1 to 1 in 1980 to

1 to 400 in 2016

Which one has depreciated d more . I leave u guys to answer that

This means 1 New Naira = 40 Dollars.

If we tie our currency to d value of a Barrel of oil we as nation would be very wealthy.

Minimum wage currently is 18000 Naira = 45 Dollars = 1.1 Barrel of Oil = 1 New Naira.

Let us tie our currency to d value of a Barrel of oil and we can kiss the crazy devaluation we are currently witnessing good bye for good.

It is either we tie our currency to d value of Oil or the value of Gold.

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Not one single foreign media correspondence mentioned Aisha Buhari's Visit to the USA. I checked the 1st 10 pages on Google-Search only Niaja Blogs mentioned the visit, No Foreign Correspondence mentioned her visit. Could Someone please tell us what is going on This is a stain on President Buhari's integrity if it is confirmed that the visit was a ruse?

Not one single foreign media correspondence mentioned Aisha Buhari's Visit to the USA. I checked the 1st 10 pages on Google-Search only Niaja Blogs mentioned the visit, No Foreign Correspondence mentioned her visit. Could Someone please tell us what is going on This is a stain on President Buhari's integrity if it is confirmed that the visit was a ruse?

http://www.bbc.co.uk/iplayer/episode/b07n7211/panorama-inside-north-korea


why now?

But today's 700 billion = 350 billion of yesterday considering the Naira has fallen from 197 to d Dollar to 400 to d Dollar.
So it is no gain we are only spending what we have always spent on FAAC.

That scripture could also include one's natural father? Do not call anyone father on earth?

How do you probe people mentioned randomly by some faceless group. Is is by extreme totureing. If that's d case I would confess to killing my own mother whereas nothing like that happened. The only option left is to investigate thoroughly until such a time that a prima facia case is established .

Can our security agencies do that? ? That is d big question?

It could be an old picture never released b4. This is a propaganda war.

Tie Naira to d value of a barrel of oil. If oil goes up Naira goes up. If it falls Naira falls abi I lie.

To effect this if we are going for 1 to 1 for the price of an ounce it would meat assets and currency will be divided by 1025.t


If you have 1 billion Naira that would be divided by 1025. I don't know how much will be but u get d gist.

The Naira has fallen from 1 Naira to 1 dollar in 1980 to 1 naira to 400 dollars in 2016.

Why not use d gold standard where d currency is tied to d price of an ounce of Gold. Which is $1025 per ounce.

It is high time we teach d west economics. They want us to follow their economic theorise by reading their books therby enslaving us in Africa.

In Africa we have commodoties we can tie our currency to those commodities. We can tie our currency to d price of a barrel of oil. This one theory oyinbo man will not teach you.
A barrel of oil is $ 40 dollars per barrel there is nothing stopping us tieing our currency to cost of a barrel of oil which is determined by d avarice of world price.

If we tie our currency to a barrel of oil what it would mean is

1 Naira= 40 dollars?

And we can decide at what value we pitch our currency to d value of oil. We can say for e.g 1 to 10

That would meat 40 ÷ 10 = 4
So 1 naira = 4 dollars.

Either way we are a winning. It is high time we start using our brains and stop following those economic books written by d west to enslave African countries.

Have you wondered why does D American dollars or d British pounds don't fall like African and other 3rd world countries currency.

We need to start using our grey matter abi I lie.

If our currency is tied to d ounce of gold then 1 Naira wold be 1025. That is the current price for an ounce of gold is 1025.

What it simply means in real terms.

If for e.g we go for 1 to 1 to d price of gold it would mean that

1 naira = 1025 dollars.

If we go for 1/2 d price of an ounce of gold it would mean 1 Nairaland would be = 513 dollars.

If we go for 1 to 10 - 1 naira = 10.2 dollars

If we go for 1 to 5 -1 naira= 5.1 dollars

If we go for 1 to 2.5 -1 Naira = 2.6 dollars

If we go for 1 to 1.25-1 Naira = 1.3 dollars.

Our currency would be tied to gold. That is what is called d gold standard. With gold being d standard currency flutation would be at a minimal level.

Mr Administer
Here u are?



“I never chose myself for this post, but God chose it for me… I took him (Fayose) to court because my seat supersedes his,” she said.

How can d office of d first lady b3 higher than a Governor? The first lady's office has not got a budget, no commissioners, no legistures, no LG Chairmen yet it is bigger than a Governor's office.I don't understand that logic madame 1st lady.

The igbo's especially the younger ones should understand that yoruba's live in towns not villages. In the early 1950 's out of the 20 biggest urban centres in Nigeria, 17 where in the SW. Then places Enugu and PH were villages. These SW towns have being in existence since the 1860's and we are in 2016. Some of those corrugated sheets were done between 1870 and 1900's. U cannot compare such legacy with towns that just started booming after d idoji awards of d 1970's.

Literreal translation of agbo-ile in english means " cluster of houses " .

Those brown roofs are what they call agbo-ile in Ibadan. Agbo-Ile means your ancestral home just like igbo's have villages. Ibadan people don't have villages they have agbo-i-les. It is what makes u an ibadan man. If u say u come from Ibadan the people will ask u which agbo-ile did u come from same like saying which village do u come from.

Fine flag. We might as well ditch that old colonial flag. Abi I lie? :

Na fine flag sha.