Living large on importation of junks and nonsense.
Yet you still struggle to get the FX you needed. Until you get your mindset right about believing in local production you will continue to lament on the free fall of the dollar rate.
Ire oo

a4cube:
Yes I import and am living large with it. Join us if you can be able to source your on FX. Its not a game for the weak.

Nobody is stopping your adire production. Continue with it is you have a strong will to carry on. Business isn't for the weak.

If I decide to start adire production in Nigeria I will run you out of business in no distant time. Business is for the strong minded.

Nobody unless the poor want the dollar to fall. Ask your politicians where they save their loot. So they will do everything to see naira fall even more.

Use your brain bro. Nigeria is for the elite, its poor people like you do tribe and religion.

Shalom.

proff010:
Living large on importation of junks and nonsense.
Yet you still struggle to get the FX you needed. Until you get your mindset right about believing in local production you will continue to lament on the free fall of the dollar rate.
Ire oo

You have comprehension issue.i don't struggle for fx. I can give you any amount £ I need right now. Those things you call junks are rushed within 1 hours of coming out of the container by you poor masses. Free fall of FX benefits me just like Jagaban bad govt benefits some.

Where is your factory and what do you produce? Local production for mouth. With wh8ch electricity?

Very simple; Ours is a case of a poor man son who loves luxury, i dont know how he wants to see it oo

Now to the topic, the major reason is trade imbalance, we want all the good things of life but fail to invest in creating same

Every of our export is raw material or semi refined, and we import both raw materials, semi-finished, finished and even worn out products sometimes😃

Until we change that habit, nothing for the naira, so we must prioritize creativity at this point, businesses and ideas should be springing up per minute, and then we export excesses from these products and services and you see us doing well

Any other thing or solution na scam periodt

THE ABOLIKI PARALLEL MARKETS MUST THRIVE.

So because you are making it from poor people around your neighborhood now make you big. Bobo Dangote why can't you get those imported junks from your bro company. Why rushing to china

a4cube:
You have comprehension issue.i don't struggle for fx. I can give you any amount £ I need right now. Those things you call junks are rushed within 1 hours of coming out of the container by you poor masses. Free fall of FX benefits me just like Jagaban bad govt benefits some.

Where is your factory and what do you produce? Local production for mouth. With wh8ch electricity?

ednut1:
As long as we rely on imports without any tangible things to offer the world in return except oil no solution. Government has to fix power, modernize agriculture and stimulate industrialization. Even a blind man knows this.

https://punchng.com/90-containers-leave-nigeria-empty-npa/?amp
Imagine 90% ships bringing in goods leave Nigeria empty handed.

The article you posted was published in 2016. The value of dollar in black mkt was around 300 N/$ (BM). today, it's 970 N/$

There's a reason while PDP Admin stabilized the exchange rate compared to this evil APC.

Our five major sources of FX revenues are

-oil export (which APC decimated with oil theft),

-non-export (which the article talks about and hasn't changed significantly for a long time),

-Diaspora remittance (which hasn't changed so much; the significant component still slowing down naira crash),

-FDI and FPI (which APC killed with FX subsidy regime. Our FDI crashed by 90%+).

If GEJ did 2.5million bpd, why is useless APC doing 1.1million bpd? That's almost 1.4millon bpd lost (120million dollars lost per day)

So non-oil export is not the only problem.

proff010:
So because you are making it from poor people around your neighborhood now make you big. Bobo Dangote why can't you get those imported junks from your bro company. Why rushing to china

Poor people rarely make sense.

Go back to the topic and compare all your comments then relate it to the topic and see whether you are making sense.
Importer of junks.

a4cube:
Poor people rarely make sense.

proff010:
Go back to the topic and compare all your comments then relate it to the topic and see whether you are making sense.
Importer of junks.

Poor masses, buyer of junks.

THE BANKERS ARE THE OWNERS OF ALL THE PARALLEL MARKETS AND BUREAU DE CHANGE.

Seller of junks. You are one of those who do not want our naira to appreciate.

a4cube:
Poor masses, buyer of junks.

proff010:
Seller of junks. You are one of those who do not want our naira to appreciate.

Yes as you president and politicians that treat headache at foreign country and leave you poor masses to suffer the consequences. Yes, as your president and politicians that drive foreign made cars and send their kids to foreign schools.

These poor masses sef that blame themselves instead of their persecutors.

I import my junk for the poor masses like you.

Whalis:

Like I said Nigerian leaders do not like Nigeria. They hate it the same IMF hates Africa. And this is why they do not waste time in implementing all the anti-people policies of IMF. Britain still subsidizes a lot of services for her citizens. But the only thing Nigerian government subsidizes for her citizens IMF advised our leaders to remove it. This is three months fuel subsidy was removed there has been no improvement anywhere rather it's moved from bad to rotten.
Float naira now naira is falling like floating winter leaves.

I hate it when we shift blames..
We r our own ENemy, Simple!

Every country in Africa have a secured border, but Nigeria's border is open to all, all sorts of criminals enter Nigeria without the authority doing anything.

Now to the main issue at hand, crude is now hovering around 95dolls, will Nigeria benefit from this?
No... Why, cos our daily production has dropped significantly due to activities of sabotage in the Niger Delta.
Gej govt worked, that's why he enjoyed the benefits of crude price increase during his time. Buhari didn't enjoy anything cos he was clueless on how to handle the situation in Niger Delta.
Tinubu too is towing that path...
Apart from petro dollar, there is agrodollar too and also gold dollar etc...
Nigeri has failed to exploit and explore these minerals for the benefits of the entire citizens, the govt instead allow individuals to explore and exploit these minerals, accruing the proceeds to themselves ...
We will never move forward as a nation when we keep building strong individuals instead of building and strengthening our institutions...

Your junks are not for me cos I don't buy junks. They are meant for your people. Remember whatever you sew you shall reap. Your junks will kill you one day.

a4cube:
Yes as you president and politicians that treat headache at foreign country and leave you poor masses to suffer the consequences. Yes, as your president and politicians that drive foreign made cars and send their kids to foreign schools.

These poor masses sef that blame themselves instead of their persecutors.

I import my junk for the poor masses like you.