₦airaland Forum

E shock ...
He projects $1 to #5k by July which I don't believe. But 15k by 2027? I'm trembling because that's Venezuela scenario. How can one raise japa money then?

azpekuliar:
N5,000? This is just February, at this rate we would be there by mid-year. By 2027 we should be at N15,000 to the dollar and BAT will be announced winner (not voted in) should he contest. Las las una go abandon Naira as una official currency and fully adopt the dollar as your currency.

Without any plan. Yes.

These are the steps that have lead other countries to such hyper inflation:

1. Excessive careless spendings
2. Careless borrowing to fund careless spending
3. Country finds it difficult to pay loan and fund government and they start printing money without backup.
4. Super inflation sets in as govt keep printing money to fund government and eventually government start to default on loans .
5. Hyper inflation sets in and government becomes overwhelmed.
6. They Ditch the local currency and start using US dollar to escape the inflation.

ZImbabwe and Argentina have gone through those six steps above.

NIGERIA is currently at number 4. If we enter number 5, that your 15,000 will be a small thing .

Yes o

He is very correct

Due to the perpetually corrupted greedy soul at the helm.

My fear is their unwillingness to restructure, review salaries and wages when it gets devalued to that level.

Imagine what salary of 30, 000 naira will look like.

Bag of rice will be like 500k

Loaf of bread 🍞 will be like 10k

Intrastate Transportation will be like minimum 100k

Plate of food minimum will be like 10k.

Okada ride of N50/ N100 will be now be like 1k or 2k

It will be bloody brutal.

makemoneywbsite:
E shock ...
He projects $1 to #5k by July which I don't believe. But 15k by 2027? I'm trembling because that's Venezuela scenario. How can one raise japa money then?

haa, it’s too too much now. Raise it to 5k by 2027 now.

COMRADES under apshit and Tinubu, is possible. But may God deliver us his children

VeeVeeMyLuv:
Yes o

He is very correct

Due to the perpetually corrupted greedy soul at the helm.

My fear is their unwillingness to restructure, review salaries and wages when it gets devalued to that level.

Imagine what salary of 30, 000 naira will look like.

Bag of rice will be like 500k

Loaf of bread 🍞 will be like 10k

Intrastate Transportation will be like minimum 100k

Plate of food minimum will be like 10k.

Okada ride of N50/ N100 will be now be like 1k or 2k

It will be bloody brutal.

Was telling someone that #200 bread under Jonathan is now #1200. Seems some people are bent on destroying the country by foiling every attempt at enthroning good government. Don't be surprised your next president is Ganduje.

Before June 2025,₦3500:USD1 is feasible.