₦airaland Forum

Omihanifa:
Upon all the dollars the CBN is pumping into the market through the banks the naira keep sliding

malali:
Cheaper Exports: When the Naira is devalued, it becomes less valuable compared to other currencies. This makes Nigerian products cheaper for people in other countries. Think of it like selling your cool toy cars to friends abroad at a lower price. More exports mean more money flowing into Nigeria!

Expensive Imports: On the flip side, devaluation makes foreign toys (imports) more expensive for you. Imagine your favorite video games suddenly costing more because they’re imported. This encourages people to buy local toys instead.

Boosting Local Industries: When local toys (goods and services) become cheaper for foreigners, it helps Nigerian businesses grow. They can sell more, hire more people, and contribute to the economy.

Tourism Advantage: Devaluation makes Nigeria an attractive travel destination. Foreign tourists find it cheaper to visit, explore, and spend money here. Imagine more tourists enjoying Nigerian culture, food, and music!

Investment Inflow: Investors like to put their money where it grows. Devaluation encourages foreign investors to set up factories, offices, and businesses in Nigeria. This creates jobs and stimulates economic growth.

Balance of Payments: Devaluation can improve Nigeria’s balance of payments. It’s like keeping track of how much money comes in (exports, investments) versus how much goes out (imports, debt payments). A positive balance is good!

Inflation: Devaluation can lead to higher prices for everyday items (inflation). Imagine your pocket money buying fewer candies because prices went up. But controlled inflation can be healthy for the economy.

Reducing Debt Burden: Nigeria owes money to other countries (national debt). Devaluation makes it easier to repay those loans because the Naira is worth less. It’s like paying back a smaller amount.

Competitiveness: Devaluation makes Nigerian businesses compete better globally. Just like you try to win in video game tournaments, our economy competes with other countries. A cheaper Naira gives us an edge!

Learning Opportunity: Finally, understanding devaluation teaches us about economics. It’s like leveling up in your favorite game. By knowing how money works, we can make smarter decisions for Nigeria’s future!

OgunkeelAllMod:
wait a minute Oga,ONLY falseprohet has the full right to the phrase'I SEE'

I fit just charge you for plagiarism

phadul:
I hope Nigeria loses! Yes u heard me right I hope we lose this is in protest of deliberate hardship Bat and his team are inflicting on the citizens. I hope shettima comes back with shame and humiliation from ivry coast maybe he may reflect on the condition of the country if our players fail to perform

morrisono111:
VC salary is 500k in a FG university

Thislifee:
so a VC is equivalent to a state governor?

Lilrichie419:
I really Need your advice on this
What durable business can i start with 10-15m

I’m not looking for quick money and stuff,i need something durable that will set me up for life


Life really hard i no wan go back trenches

Thislifee:
wow, I never knew.

Thislifee:
No Are you sure that VC salary is 1.8 Million? That's so big.

pocohantas:
When we tell you to fight for your marriages, you won't listen. A man that is not ready to endure has no business getting married. Go learn from your fathers how to endure. That is why marriages of old lasted.

ogawisdom:
Remarry and move on is the only solution otherwise you have lost totally.

Start a new family, marriage was designed to favour women alot. The children will always love their mother much more above their father even under normal circumstances not to talk of divorced situation.

Women are just necessary evil.

Whatever you do plan well for your old age to ensure you have investments.

Afodot0022:
Good day nairalanders, top of the day to you all.

This topic is basically for the divorce men out there that are out of their marriage and living separately from their Ex wife and kids.

Attimes divorce can be a very devastating experience that the pains felt don't go easily especially if you are a responsible man that put in your best effort in the marriage to make things work but eventually went south.

It's even more heartbreaking if you caught your ex wife cheating and having extra marital affairs when you know as a man you don't deserve such betrayal, it could easily break you as a man.

Now my bone of contention is, divorce men out there, how do you deal with the fact that you are obligated to pay child support and care and also foot school fees and medical of the kids that came out of the union despite the family being broken.

How do you cope with this when the custody of the kids are with your ex wife and knowing she was the one that betrayed you in the marriage by cheating on you, will you be comfortable still sending her money for your kids upkeep and also paying their school despite the fact they don't live under your roof.

How do you men deal with this cos attimes, it can be so discouraging knowing fully well what led to the union breakup. Presently am separated from my ex wife on the count of infidelity, my two kids have been with her ever since and attimes anytime I think about the hurt and betrayal, I will want to end any sort of provision for the kids but because am a very responsible man that wants the best for my kids, it's difficult to just look away.

Attimes my thoughts could be like in as much the kids are staying with her, I am on the loosing side and my effort providing for the kids outside my jurisdiction might look like a wasted efforts being that the kids are with her 247 and she can easily still the glory by making the kids believe she is the one doing the provision.

Pls divorce and separated men, how do you go through this turmoil and ways to navigate through to be sure you are on the right track.

VeeVeeMyLuv:
Oh my gawd 😲

@ Adegokenath

To my greatest surprise, The rates are now heading towards 25%!

This unbelievable