₦airaland Forum

1stHola:
You and the so-called spiritual backing are bloody foóls


How can you be so senseless?


Is the world made for Christians alone?

When those bastąrds bokoharam start burning churches now, you people will start crying silly.
This is the highest form of religious intolerance
The stupíd pastor should be jailed.

chukwudi44:
Even EFCC mosquito would not even come 1000km close to otueke!!!All you yorubas know is how to make noise on the internet.

Buhari himself does not even have the political will to fight corruption as imself and most of his supporters including Obasanjo are also gguilty of corruption.

All he does is make noise in the media to deceive gullible fools like you

senier007:
Source: http://www.premiumtimesng.com/news/top-news/187547-senate-orders-newspaper-probe-over-anti-buhari-report.html?utm_source=&utm_medium=twitter

merry02:
Daura President!I think he said is a scam?that he knws nothing about subsidy!

Rilwayne001:
[size=30pt] GEJ should call his boys to order [/size]

dipopooo:
Na wa oooo from abok! to abok!


Abok! everywhere

crisycent:
Irony of life, he won't live too far from his present location; kirikiri.

PapaBrowne:
Are you serious Your speech just gave you off as someone who lacks complete understanding of Economics>



Illiteracy no be moi moi oh!! Ha! So if someone tells you he will equate the value to the dollar you would just swallow it hook line and sinker??
What were you doing when others were attending Economics class??

For the Naira to be equal to the dollar, you would need to see our dollar reserve rate go to something like a trillion dollars!! Even with 20 years of 20% economic growth rate, we would probably not be there!!


Now the bigger lesson for you is that a very strong Naira is not good for our country especially if you want to produce goods and export competitively..
Now let me explain that to you:
A bag of Dangote cement sells for 1500 Naira.
When the dollar was 160 Naira, that bag of cement was equal to $9.
At the new rate of 215 Naira, that same bag of cement is now equal to $7.
That means if Dangote wants to sell his cement in Albania, he has a better price point than he would have had 5 months ago.

Now imagine the Naira is exchanging at 5 Naira to a dollar.
That same bag of cement would now be equal to $300. Where on planet earth would he be able to sell his bag of cement at that price??

Any country that desires to produce and export to the rest of the globe, prays for a weaker currency to allow its goods better pricing amongst competitors. If Buhari understands economics, he will never pray for a very strong Naira except of course he wants us to keep importing everything!!