₦airaland Forum

successmatters:
All these government agents using propaganda to crash the foreign exchange rates are comical

I tell you


By the time propaganda fails to do the work of a productive economy, the shock will be too much to handle.

OfoIgbo:
Obi talks about a few people enjoying Nigeria to the detriment of the vast majority.

If the BDC operators are contributing to the immense economic hardships Nigerians are facing, then they will have to do better, otherwise their businesses will be shut down.

Nigeria is about to transit from CONSUMPTION TO PRODUCTION. Everyone must read the script. There will be no sacred cows. Everyone must benefit from Nigeria

Nigeria would not transition from consumption to production under Obi because he is a chief importer of nonessential goods such as corned beef and baked beans.

Everywhere in the world, BDCs exist.

There can be reforms on how they must operate, but to claim they would be dispensed with means it would be impossible for Obi to win.

You guys should wake up.

whemmytopsy:
Well, I won't argue with you, sebi you said it is 680 naira...now let me cut you some slacks, Bring any amount of dollar at 720/dollar, I repeat any amount, I will buy..if you can't, then stop displaying your ignorance.

see you big mouth like any amount.

All these goverment operatives using propaganda to crash the foreign exchange rates are comical

Their fuvking business not mine!

L

techWriter1:
All these goverment operatives using propaganda to crash the foreign exchange rates are comical

all this.speculator that have been hurt by the dollar finding it real value of 500 are pained !

Munamoqel:
see you big mouth like any amount.

Ignoring your ignorance.

Munamoqel:
dey here they are already implementing it .Go to daily trust .they are even rejecting it and Cameron is also changing it currency

You really must be a comedian. It doesn't work that way. You can only crash dollar by mass production and adding value through exports. You can't be a net importer with little productivity and still expect naira to be valuable.

The moment government or BDC tries to artificially peg the dollar below its value in Nigeria, it would result in severe scarcity. Once people can't find dollar to buy again, the value will skyrocket. Low supply and excessive demand causes price increase. That's economic 101.

VoteObi2SaveNai:
You really must be a comedian. It doesn't work that way. You can only crash dollar by mass production and adding value through exports. You can't be a net importer with little productivity and still expect naira to be valuable.

The moment government or BDC tries to artificially peg the dollar below its value in Nigeria, it would result in severe scarcity. Once people can't find dollar to buy again, the value will skyrocket. Low supply and excessive demand causes price increase. That's economic 101.

stup up the demand is not real but speculative ! The one you have bought what have you done with it ?

Munamoqel:
stup up the demand is not real but speculative ! The one you have bought what have you done with it ?

You're a dunce to believe your own garbage!
You can't crash exchange rates using lies and propaganda, it doesn't work that way!

FYI, dollar is currently exchanging at #800+. You can go and kill yourself.

Roboto11:
Nigeria would not transition from consumption to production under Obi because he is a chief importer of nonessential goods such as corned beef and baked beans.

Everywhere in the world, BDCs exist.

There can be reforms on how they must operate, but to claim they would be dispensed with means it would be impossible for Obi to win.

You guys should wake up.

Obi can win with or without BDC operators. If what BDC operators are doing is destroying the lives of millions of Nigerians, then he can win without them. There will be no sacred cows. The time of Nigeria working for just a few people, is about to be obliterated.

That is why I mentioned that they have to reform in a way that benefits the economy, otherwise their days are numbered.

With regards to Obi's business, I believe he even mentioned that what he distributes are largely Nigerian made items, and that he imports just a few items that are not already being manufactured in Nigeria, or of the same standard as products manufactured overseas.

So I repeat again that Nigeria will definitely transit to a PRODUCTION economy, once Obi takes over.

OfoIgbo:
Peter Obi has already promised to get rid of BDCs.

No amount of propaganda and artificial exchange rates will discourage Obi from doing that.

Naira that exchanged at 216 to a dollar when GEJ handed over to the current terrorist president, is now various orders of magnitude.

Naira exchanged @70 Nair to Dallas when it was handed over to the evil pdp and gej government

VoteObi2SaveNai:
You're a dunce to believe your own garbage!
You can't crash exchange rates using lies and propaganda, it doesn't work that way!

FYI, dollar is currently exchanging at #800+. You can go and kill yourself.

vote obi 2 save Biafra I no get you time .Na Aboki dey control black Markets not ipob and obidient .you can be buy from your fellow biafran @1500 to have campaign issue

Munamoqel:
Hoard dollars as you risk !

AT your risk bro

pquaver:
Naira exchanged @70 Nair to Dallas when it was handed over to the evil pdp and gej government

PDP was in government from 1999 to 2015. A period of about 16 years, and naira lost about 130 points to the dollar.

APC led by the terrorist president Buhari has only been in government for just over 7 years, and naira's exchange rate against the dollar is now hovering between 580- 980 per dollar. This is a whopping 400 - 700 points loss against the dollar, IN JUST SEVEN+ YEARS

The Fulani terrorist dullard president in the person of Buhari is the most incompetent, most wicked president Nigeria has ever had.

GudluckIBB:
AT your risk bro

me.done by Euro bond notting concern me..if I like go Uk earn small pounds during summer and back !

sotall:
You provide the data.
If the government that earns free money from oil sales will rather print more naira and buy foreign cars and other consumables, it tells you the naira will never have value.

As i am writing this, dollar is back at 800 naira.

I should provide data for a statement that you took us into?

Munamoqel:
After the Efcc raids .BDC operator in an extraordinary meeting agree to start buying dollars @ 580 and Sell @590 to help APC and Buhari govt ( padi padi ) The BDC mainly operated by Northern hausa /fulani meet with the leader of Northern elders and islamic clearic in Kaduna the Hq of former Northern region .in the meeting they why told how the constant low value of the Naira is helping the LP/ OBi candidates and it been used as a campaign tool to fight APC/ buhari govt and they are willing collaborator ! The BDC now resolved to crash the dollars hence forth for political reasons .

It seems the Hausa Fulani BDC guys didn't listen to the resolution of the meeting or the Friday sermons telling them to crash the dollar so their brother won't be disgraced.
Go back and sound it into their ears that they should bring out dollar and sell at 550 if them born them well.