₦airaland Forum

Ibrahimcoomasie:
According to a post by PDP's Senator Ben Murray Bruce on X:

LikeAking:
Even if una do all these Naira will still go up…

No be Nigeria agian..

Reno na economic illiterate…

Nigerians are trying when it comes to buying Nigerian made things…

Corruption is the biggest problem here..

Some countries import 100x more than us and still do beta than us..

Our politicians and businesses men are trying to scam us with this import stuff..

Reno na fool…

DeadCountry:
Useful idiots with no brains. Where the above listed useless things being done during Jonathan's government? During GEJ time, didn't all you cesspit inhabitants have choice of what you buy and consume? These fools that are afraid of truth of voicing out the fulanis and yoruba misgovern can't say the truth because of fear. Clowns everywhere. Well, Biafra will soon solve this problem. Simon Ekpa, ride on.

Rostikol:
SHUT UP.

YOU ARE NOT ''DOING YOUR BEST'' TO BUY NIGERIAN MADE GOODS.

WHAT DOES ''DOING YOUR BEST'' EVEN MEAN?

LIKE YOU ARE DOING NIGERIA A FAVOUR.

YOU SHOULD PROUDLY BUY NIGERIAN - MADE STUFF.

STOP PREFERRING ITALIAN SHOES TO NIGERIAN MADE.

BECAUSE OF YOUR DUMB MENTALITY, TRADERS HAVE TO LABEL THEM ''MADE IN ITALY'' JUST TO GET YOU IDIOTS TO BUY.

YOUR WOMEN PREFER GUCCI BAGS TO NIGERIAN DESIGNED BAGS.

THAT MINDSET THAT NIGERIAN MADE IS INFERIOR MUST CHANGE, OR YOU CAN FORGET ABOUT NAIRA RISING IN VALIUE.

HOW WILL IT RISE?

BY MAGIC?

Rostikol:
SHUT UP.

YOU ARE NOT ''DOING YOUR BEST'' TO BUY NIGERIAN MADE GOODS.

WHAT DOES ''DOING YOUR BEST'' EVEN MEAN?

LIKE YOU ARE DOING NIGERIA A FAVOUR.

YOU SHOULD PROUDLY BUY NIGERIAN - MADE STUFF.

STOP PREFERRING ITALIAN SHOES TO NIGERIAN MADE.

YOU WILL SEE SOMEBODY WEARING NIGERIAN MADE SHOES, YOU WILL BE LAUGHING AT HIM.

CALLING HIM LOCAL CHAMPION.

BECAUSE OF YOUR MENTALITY, TRADERS HAVE TO LABEL THEIR STUFF ''MADE IN ITALY'', ''MADE IN GERMANY'', JUST TO GET YOU IDIOTS TO BUY.

YOUR WOMEN PREFER GUCCI BAGS TO NIGERIAN DESIGNED BAGS.

THAT MINDSET THAT NIGERIAN MADE IS INFERIOR MUST CHANGE, OR YOU CAN FORGET ABOUT NAIRA RISING IN VALIUE.

HOW WILL IT RISE?

BY MAGIC?

LikeAking:
Continue in your ignorance….

This Naira rising was caused by the president you elected, not because people are not buying made in Nigeria…

They are just using your head..

All those their claims of importation are lies..

We don’t even import anything in Nigeria..

Rostikol:
This guy must be drunk.

Have you ever been to Apapa Port?

LikeAking:
Don’t judge by what you see at Apapa port..

Deal with facts and numbers..

Check a breakdown of the value of everything Nigeria imports yearly, then compare with our population..

We are in country we’re less than %10 Nigerians own their personal cars..

Our imports is below normal..

What’s the highest price of the shoe in your worst one? If you even have shoe..

Apart from fuel, cars, tech and machines gulp a huge part of what we import…

Even clothes we don’t import it too much.. We’re the money to they by clothes.. May b apart from cheap Ok…Even many people can’t afford that now.

Oga calm down and learn this economics of a thing..

No Dey argue..


Many Nigerians can’t even afford any imported goods… Even medicine..

You are a novice calm down..

Rostikol:
Our women spend BILLIONS OF NAIRA A YEAR buying that thing they call Brazilian hair or whatever.

IMAGINE if they used all that money to pay local women to create these TRADITIONAL NIGERIAN HAIRSTYLES FOR THEM?

Being Nigeria, the cultural capital of Africa, before you know it, the convention has gone viral across the continent, helpIng to boost economies, by stopping capital flight, and creating millions of jobs for talented traditional hair stylists.

If you don't attach PREMIUM value to your internally generated products and creativity, your currency value can never rise, unless by artificial mechanisms.

It is the value of the DOLLAR, and the EURO, which you use to buy all those foreign products that will continue to rise, NOT the NAIRA.


https://i.pinimg.com/1200x/79/e9/2f/79e92fef6328e67c95079b3037527887.jpg

https://theinfong.com/wp-content/uploads/blessedson/2017/02/19/Mind-blowing-African-hairstyles-that-will-leave-you-stunned-theinfong.com-700x396.png

https://images.saymedia-content.com/.image/t_share/MTc0NDQ0NDQ5OTQ1MjMzMDMw/yoruba-traditional-hairstyles.jpg

Rostikol:
Look at this small boy arguing with his elders.

Mr Man, I deal in statistics, not Beer Parlour analysis, like you.

Her is the EYE-POPPING IMPORT BILL FOR NIGERIA last year from STATISTA:


In 2022, goods valued at a total of 53.61 billion U.S. dollars were imported into Nigeria.

https://www.statista.com/statistics/383154/import-of-goods-to-nigeria/

Sometimes, you kids on Nairaland need to zip your lips and take lessons from your elders.

Rostikol:
Look at this small boy arguing with his elders.

Mr Man, I deal in statistics, not Beer Parlour analysis, like you.

Here is the EYE-POPPING IMPORT BILL FOR NIGERIA last year from STATISTA:


In 2022, goods valued at a total of 53.61 billion U.S. dollars were imported into Nigeria.

https://www.statista.com/statistics/383154/import-of-goods-to-nigeria/

Sometimes, you kids on Nairaland need to zip your lips and take lessons from your elders.

LikeAking:
You are the kid..

Most of the goods na fuel and diesel..

You can’t even analyze a simple data..

I said get a break down of the data..

If them Tell your Nigerians import $56 billion dollars you go believe am..


Wetin Nigerians one import reach $56 billion dollars?

Rostikol:
Nigeria's import bill was 61 billion dollars in 2021, of which refined petroleum products accounted for just 11 billion dollars.

https://oec.world/en/profile/country/nga

ednut1:
Lol coming from this man

LikeAking:
Very evil man.

CodeTemplar:
If PMS importation alone is stopped, the naira can get stronger to N500/$ in 12 months time.

Add No. 2 & 3 and it can go further but we need huge import substitution to get there.

LikeAking:
Don’t judge by what you see at Apapa port..

Deal with facts and numbers..

Check a breakdown of the value of everything Nigeria imports yearly, then compare with our population..

We are in country we’re less than %10 Nigerians own their personal cars..

Our imports is below normal..

What’s the highest price of the shoe in your worst one? If you even have shoe..

Apart from fuel, cars, tech and machines gulp a huge part of what we import…

Even clothes we don’t import it too much.. We’re the money to they by clothes.. May b apart from cheap Ok…Even many people can’t afford that now.

Oga calm down and learn this economics of a thing..

No Dey argue..


Many Nigerians can’t even afford any imported goods… Even medicine..

You are a novice calm down..

ElSudani:
You are talking nonsense. You have no clue what is being discussed. It is always good to read and learn than to just display your ignorance for the world to see.

ElSudani:
You are talking nonsense. You have no clue what is being discussed. It is always good to read and learn than to just display your ignorance for the world to see.

DeadCountry:
Useful idiots with no brains. Where the above listed useless things being done during Jonathan's government? During GEJ time, didn't all you cesspit inhabitants have choice of what you buy and consume? These fools that are afraid of truth of voicing out the fulanis and yoruba misgovern can't say the truth because of fear. Clowns everywhere. Well, Biafra will soon solve this problem. Simon Ekpa, ride on.

LikeAking:
Ok!

Then talk the sense let me hear..

Na illiterates like you Dey kill this country..

Go and check the list of things imported into Nigeria.. The most valuable ones are fuel, machines, raw materials, wheat and cars..

Most of our imports bills are industrial goods imported by big manufacturers like Dangote and co into the country..

We spend $3B dollars importing cars, this amount consist of all viechles in the country..

We also spend $3.something dollars importing wheat, most of this wheat are imported by the industrialist for manufacturing. Eg noodles, flour, etc.. It’s not the bread me n you eat that gulps that amount.

Another thing you should know is some of this equipment and raw materials are funded abroad, so don’t rely on our FX system..

Dangote and his bro n co are building refineries, so our import bill will go up..

Lots of industrial activities accured in the eastern part of th nation last year/this year and other parts of Nigeria..

Let me give you a clue: The factories we build in Nigeria, the more the Naira will slump..

As a core illiterate you won’t understand..

You believe what ever you hear..

Get your self informed.

Mr. illiterate, It’s not the imported goods me and u consume that’s the main problem.

DeLaRue:
You try to explain economics and the drivers of currency valuation to many of them, they abuse you and tell you when Jonathan was there dollar was this and that.

The truth is, many find the whole thing too complex to understand.

Tell them we need to move away from importing everything under the sun and try to produce more of what we eat and use locally...they abuse you

They just want naira to magically increase in value.

The previous government was spending over $1 billion per month to artificially keep the Naira's value high.

The current government came into power, saw that there was no money to continue that policy, and made the right decision not to subsidise the naira at such high cost.

After Buhari left, JP Morgan disclosed that Nigeria only had about $3 billion left, and not the $37 billion Emefiele and Buhari told Nigerians.

If you have $3billion, how are you going to be able to pay $12billion per year to keep naira 's value at around N500 to $1?

Borrow at least $9 billion annually just so we can import a lot of nonsense that are not essential?

If this current policy means a big reduction in importation of Brazilian/peruvian hair, great!. Or 30 different types of imported breakfast cereals, and all the other non-essential imports, fantastic!

Didn't we use to eat local food like yam, beans etc before going to school or work in the past. Why do we need ordinary cornflakes to be imported from all over the world?

Didn't women use to do traditional airstyles like Shuku, corn Row etc Those who need Oyinbo wig, Brazil air should go and buy dollars for N1500 or more at the black market. That's their personal business.

The government should focus exclusively on finding practical solutions to Nigeria 's long term problems and ignore noises about black market rate.

LikeAking:
You don’t know all the factories they are building in Nigeria rely on imported equipment, raw materials, etc..

They add it up, to our import bill..

No be Wetin the masses they consume they drive the import bill up, na wettin the big men they import for their biz, etc..

Know one is talking about that, cos majority of us can’t think, read and investigate the truth..

ElSudani:
You are a stark Illiterate. The more we export the less pressure on the naira. The more made in Nigeria goods we consume the less we import and the less pressure on the naira.
This is how it works not your convoluted beer parlor economics.

"Dangote and his bro n co are building refineries, so our import bill will go up.."

This is straight up nonsense, something you would expect from someone who never went to any school.

Programmer47:
This is the new whatsapp update bros.
It is no longer about bad governance but the citizens themselves.

The major reason why we source Fx is Oil.
This should be the first thing that is slashed.
The clowns in office would rather dance around than actually do what needs done

LikeAking:
I leave you to enjoy your ignorance.

We have Arab and Northern African countries who are not exporting much, yet they have a good economy and stable currency..

Try think, reason..

I’m not disputing the fact that exports will make our country grow and currency stable.. But in the case of Nigeria it won’t.. Because we still rely too much of foreign machines and raw materials used for manufacturing whatever..

So it’s almost a meaningless adventure….

Nigeria has the biggest economy in Africa not because we export crude.. We have massive investments in the manufacturing sector too..

And this massive investments drain our forex cos of the points I mentioned earlier..

It will be difficult for you an illiterate to understand what’s truly going on..

LikeAking:
Government clowns hand Dey inside, it’s all their fault.. Not the citizens..

How much billion dollars Emifile gave Dangote, for him to do what? Import equipments for his companies and raw materials.. This is one aspect that will continue to oust pressure on our FX..

It’s not the small, imported products me and you enjoy that draining our FX…

Most Nigerians don’t even demand foreign goods that much..

Make we cool down analyze this thing well.