₦airaland Forum

tiar:
Check out http://judefejokwu..com

The topic is Naira Devaluation. Africans continue believing that continuous devaluation of their currency benefits them. It does not.

AntiMahdi:
the fact that this your useless thread made fp shows the level of illiteracy among NL mods.

You only succeeded in telling us you know not a damn thing on how the economy works

go back to school or at least learn a trade.

AntiMahdi:
The Naira is pegged to the dollar. Our foriegn reserves are in Naira you nitwit. If the dollar falls so does the naira





The budget is a deficit budget coming in a year of dwindling govt earnings that means the budget is based on loans and the effect of 6 trillion naira on a double digit inflation economy is set to see inflation soar and thus the naira weaken further


The demand for dollar is low because the economy is stagnated and manufacturers are scaling down on production in the light of low purchasing power by consumers. This also applies to retailers which depend on imports.

If anything this may lead to a more serious case of deflation which will put the nail to the coffin of the naira



Typical zombie signing out his pseudo intellect post

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