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What Do You Think Should Be Done To Appreciate Naira ? - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / What Do You Think Should Be Done To Appreciate Naira ? (15686 Views)

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Re: What Do You Think Should Be Done To Appreciate Naira ? by BrodaBenad: 12:22pm On May 09
Encourage local manufacturers


cut down thier taxes

increase power supply


we should be a government of maintenance than building elephant projects that will abandoned

try to get fuel price stable by getting our refineries working

basically economies thrive when investors can easily predict the future

2 Likes

Re: What Do You Think Should Be Done To Appreciate Naira ? by PARADIZEPRIEST: 1:09pm On May 09
STOP IMPORTING NONSENSE INTO NIGERIA LIKE EXPENSIVE FOREIGN LIQUORS E.G
MOET
HENNESSEY
CHAMPAGNE ETC
FOREIGN CARS
FORIEGN FURNITURES ANF FITTINGS
FOREIGN KITCHEN UTECIKS
FOREIGN SUITS AND PARTY FABRICS
THESE ARE THE RUBBISH THAT TAKE OUR DOLLARS OUT.

ALL THESE THINGS WE HAVE LOCAL PRODUCERS ON GROUND, LEAVE FOREIGN GOODS ALONE,tell all the four people that contested for presidency and their chronies to stop wasting our dollars ,and stop globe tripping like obi. even when election gllast year. angry

2 Likes

Re: What Do You Think Should Be Done To Appreciate Naira ? by DMerciful(m): 2:13pm On May 09
Impeach Amoda

1 Like

Re: What Do You Think Should Be Done To Appreciate Naira ? by Chetas81(m): 2:13pm On May 09
NIGERIAN CITIZENS SUPPOSED REMAIN SLAVE TO THE DOLLAR, NO BAD CITIZEN CAN BUILD A GREAT NATION, BUT THE NIGERIAN CITIZENS FAILED TO ACCEPT THIS
Re: What Do You Think Should Be Done To Appreciate Naira ? by Yeancahmie007(m): 2:14pm On May 09
Bomb everyone in house of assembly.

1 Like

Re: What Do You Think Should Be Done To Appreciate Naira ? by abibun: 2:14pm On May 09
You can keep praising him even if his policies are not working since you don't want to be talking like zombies.
Since anyone that speaks against the government is now zombie
gnss:
I don'tPolitics of Tribe ,Hatred ,Hypocrisy .

Yesterday I was having a discussion with an Elderly Man an APC Party Man who is a Staunch Supporter of Tinubu about the Economy Situations .

He Said ,Kama Ton Arawaje ,Ilu Osunwon Rara ooo.

Meaning ,Without Deceiving ourselves the Things in the Country is not Okay at all.

He is a Yoruba Man ,I am too .

I do not Belongs to the Class of People that Believes even if The President Policies is not Working Good Results then I must Keep Talking like a Zombie ,

Let's face the Reality .

Things are Getting More Worse .

If you say ,You are Okay ,Several Millions are Sufferings ..Go to the Streets and see .

Now Objectively ..

Concerning the Dollars ,Finance ,P2P , Crypto Etc have been Blammed ,Yet Dollars Keep Rising .

WHAT EXACTLY DO YOU THINK THE GOVERNMENT ,CBN GOVERNOR SHOULD DO PRACTICALLY TO STRENGTHEN THE NAIRA ?

Re: What Do You Think Should Be Done To Appreciate Naira ? by OPICANTO2223: 2:14pm On May 09
Ban all bureau du change, crypto market completely and let all dollar transactions goes through the bank

2 Likes 1 Share

Re: What Do You Think Should Be Done To Appreciate Naira ? by Truthsave: 2:14pm On May 09
cenaman:
Impeach the BATeria in aso rock.


Divide Nigeria simple 🤷‍♂️

3 Likes

Re: What Do You Think Should Be Done To Appreciate Naira ? by bemagnify: 2:16pm On May 09
libertyfather:
nothing, let them share us to different countries and use this place as a farm to support the countries they share us to


Lols

1 Like

Re: What Do You Think Should Be Done To Appreciate Naira ? by stevonics: 2:16pm On May 09
1. Provide stable electric power for industries and service providers to thrive. Nigerians can legitimately attract dollars into the economy by rendering remote international services, if Power is stable.
2. Look into Steel production and mining.
3. Provide security for Farmers. Farming should be government/people partnership.
4. Audit all government owned businesses and trace the leakages. Some individuals are syphoning our treasury and some establishment are useless and wasteful. Get idle government industries working.

2 Likes

Re: What Do You Think Should Be Done To Appreciate Naira ? by nairalanda1(m): 2:16pm On May 09
gnss:
I don't do Politics of Tribe ,Hatred ,Hypocrisy .

Yesterday I was having a discussion with an Elderly Man an APC Party Man who is a Staunch Supporter of Tinubu about the Economy Situations .

He Said ,Kama Ton Arawaje ,Ilu Osunwon Rara ooo.

Meaning ,Without Deceiving ourselves the Things in the Country is not Okay at all.

He is a Yoruba Man ,I am too .

I do not Belongs to the Class of People that Believes even if The President Policies is not Working Good Results then I must Keep Talking like a Zombie ,

Let's face the Reality .

Things are Getting More Worse .

If you say ,You are Okay ,Several Millions are Sufferings ..Go to the Streets and see .

Now Objectively ..

Concerning the Dollars ,Finance ,P2P , Crypto Etc have been Blammed ,Yet Dollars Keep Rising .

WHAT EXACTLY DO YOU THINK THE GOVERNMENT ,CBN GOVERNOR SHOULD DO PRACTICALLY TO STRENGTHEN THE NAIRA ?



1.Totally remove subsides. Yes, it would be painful, but we don't need more debt and suffering. IMF Is even pitying us self.

2.Use the money saved to fund, among other things, vocational and technical education

3.Offer incentives to manufacturers to establish manufacturing in NIgeria...tax breaks, etc

4.Offer tax breaks to indigenous manufacturers who are ready to export stuff abroad

5.Improve our tax to gdp ratio.

6. Improve security

7. Before any joker comes and says I support corruption...FIGHT CORRUPTION. Yes, everyone who is corrupt, including and especially APC Members , must and should be jailed.

8. Make our education system more stricter. Remove underqualifed teachers. Make it eventually madatory that you cannot teach primary and secondary school without a Masters in education. Enough is enough.

9. Regulate the mining sector. End illegal mining, even if eggs must be smashed.

3 Likes

Re: What Do You Think Should Be Done To Appreciate Naira ? by HelpYourself(m): 2:16pm On May 09
Good of you, but the tribulations of Nigeria as a nation transcend this, it is spiritual and a great karma
Re: What Do You Think Should Be Done To Appreciate Naira ? by desamuellss(m): 2:16pm On May 09
Contract De-samuels collection to build minimum of two small medium enterprise per local government areas in Nigeria and more, in agriculture and mining,from there we can subsidise the ones we can with our own processed products, there by reducing importion in those areas and encourage exportion,in doing so with De-samuels collection, naira will bounce back.
Re: What Do You Think Should Be Done To Appreciate Naira ? by ivandragon: 2:17pm On May 09
First of all, who are those buying up the dollars?

When you determine the actual people/businesses utilising the dollars, then you can begin to investigate how they use the dollars.

What one would find is that it is the same politicians that are using dollars for unproductive ventures.

Buying houses abroad
Medical tourism
Flying their wh*res abroad
Hoarding it for elections
Storing them in foreign banks
Etc.

Secondly, no sincerity or transparency on the part of government. Ot keeps lying and using propaganda. These create instability as users are not sure of what is going on and therefore panic or hold on to thier dollars to see what is going on.


Until the government squarely faces 'itself', the instability will continue.

2 Likes

Re: What Do You Think Should Be Done To Appreciate Naira ? by Honestey: 2:17pm On May 09
Make it a felony for every Nigerian saving his/her money in dollar starting with Tinubu, Obi and Alh Waziri
Re: What Do You Think Should Be Done To Appreciate Naira ? by DMerciful(m): 2:17pm On May 09
This overconfidence will be your undoing
Ola9ja23:


IPOBidients day dreaming

We know the reason why you people jubilate when Naira depreciate is bcs you think that would make your Bitter Obituary to win through back door


Even if Naira depreciate to 50000 against dollar, Asiwaju remains our president till 2031

Nothing your bitter Obituary or his IPOBidients followers can do to defeat Asiwaju
Re: What Do You Think Should Be Done To Appreciate Naira ? by phorget(m): 2:18pm On May 09
Ola9ja23:


IPOBidients day dreaming

We know the reason why you people jubilate when Naira depreciate is bcs you think that would make your Bitter Obituary to win through back door


Even if Naira depreciate to 50000 against dollar, Asiwaju remains our president till 2031

Nothing your bitter Obituary or his IPOBidients followers can do to defeat Asiwaju



I'm so scared been in the same country with people like you, you are the type that will simply cut your nose just to spite your face.

5 Likes

Re: What Do You Think Should Be Done To Appreciate Naira ? by michlins(m): 2:18pm On May 09
Nigeria needs to leave that cult called OPEC. We need to pump our crude as we want and sell as we want. We can not be doing what developed nations are doing

Dangote has no reason to buy crude oil from anywhere except here. We need cheap fuel to drive industrialization and we can not achieve that if our refineries keep buying at international rates

But the thieving class will never accept that so let's keep doing the same thing and be expecting a different result

2 Likes

Re: What Do You Think Should Be Done To Appreciate Naira ? by Hezmatosky: 2:18pm On May 09
Because of shame, FG will not take the advice. Persons like Wike and minister for power will tell Tinubu no mind them.
Best advice:
Open all the border
And return subsidy
Shikina kiss
Re: What Do You Think Should Be Done To Appreciate Naira ? by wittywriter: 2:18pm On May 09
cenaman:
Impeach the [s]BATeria[/s](BAcTeria) in aso rock.
Fixed.
Honestey:
Make it a felony for every Nigerian saving his/her money in dollar starting with Tinubu, Obi and Alh Waziri



Wittyness
Re: What Do You Think Should Be Done To Appreciate Naira ? by jubrilELsudan: 2:18pm On May 09
AS E BE SO NA TO BURN EVERYWHERE SO OOOO

1 Like

Re: What Do You Think Should Be Done To Appreciate Naira ? by Chucks13: 2:19pm On May 09
Nothing than bringing petrol price down and open the land borders wth adequate monitoring.
Re: What Do You Think Should Be Done To Appreciate Naira ? by Ade2024: 2:19pm On May 09
Ola9ja23:


IPOBidients day dreaming

We know the reason why you people jubilate when Naira depreciate is bcs you think that would make your Bitter Obituary to win through back door


Even if Naira depreciate to 50000 against dollar, Asiwaju remains our president till 2031

Nothing your bitter Obituary or his IPOBidients followers can do to defeat Asiwaju
what is bitter obi
untill you ruin the country and can not be repair
you guys make me hate the black

1 Like

Re: What Do You Think Should Be Done To Appreciate Naira ? by DMerciful(m): 2:19pm On May 09
There is no easy fix or short term solution. APC already caused a great deal of damage
lionshare:


You people will be parroting long term solutions to a problems needs immediate solution—-think for yourself what exactly is the problem?

1 Like

Re: What Do You Think Should Be Done To Appreciate Naira ? by Oakenshield: 2:19pm On May 09
We need industries not all those mushrooms type that can't provide needs of the streets dey find themselves. Government since 99 haven't been pro active
Re: What Do You Think Should Be Done To Appreciate Naira ? by peterboro: 2:19pm On May 09
Hmmmmm.

So they now need our opinions!

This is really funny.
Re: What Do You Think Should Be Done To Appreciate Naira ? by Ybholy(m): 2:20pm On May 09
1. Stop the aboki people from selling dollar notes. It will help to maintain a uniform rate of dollar/naira and limit price manipulation.

2. Steady electricity will solve 20 to 50% of current economic problems in Nigeria.

It will limit insecurity and enhance productivity among people. Lots jobs through self funded companies and small businesses.
Re: What Do You Think Should Be Done To Appreciate Naira ? by Eriokanmi: 2:21pm On May 09
Simple

1- Reduce the spending and allowances in the National Assembly

2- Reduce the number of appointees and ministers, reduce overseas travels and entourage. Millions are being wasted in estacodes on such useless trips.

3- probe all those past leaders who have stolen Nigerian money. That money is still stashed underground in their various homes. Those who had no industries but owned a private jet among our politicians should also be probed, starting from tinubu.

4- Probe all these past contracts awarded and their values, including stages of completion. Most of the time, loans taken by the FG are being embezzled via contracts. I remember the 2bnUSD buhari spent on TAM of the refineries and claimed they'd make them sellable to potential buyers. That money is gone and we're still servicing the debt. That's just one out of several.

If the above could be done, Naira would appreciate naturally.

Diversification and discouragement of importation are good too but secondary. They're not the primary reasons our economy is in a bad shape. Nigeria had aleays been an import-dependent nation and our currency had been our pride, until the apc came. I visit Benin Republic all the time on projects. Their cfa, which used to be useless is much stronger than the naira now. Benin Republic, just like some great economies in the west, import almost all they consume but there's accountability. Nigeria is a fantastically corrup nation and we caused it...we the electorate.

2 Likes

Re: What Do You Think Should Be Done To Appreciate Naira ? by Gbogbowa: 2:21pm On May 09
BabbanBura:
But PO has being telling you guys the solutions nah, why asking you here?

1. Production production production. You gat to produce for home and export. So Bulabu needs to mobilise the country to production be it farming, be it industries (manufacturing), be it human labour (capital). The above will reduce imports and therefore fx demands. Excess will improve fx supply. To achieve this, he needs to fix the security and roads

2. Improve exports - be it out solid minerals, oil and gas, agro and allied products, electricity, human capital (manpower, skills etc)

3. Prosecute the past and current thieves, recover funds stashed abroad and home, make them face jail term.

4. Continue to deal with speculators, bank chiefs that aid the politicians to launder funds, the BDCs that move money around for terrorism and other vices

These are arranged in order of impacts and priority. Buy Bulabu is only tackling number 4 and you all are clapping for him. Now that the effect if 4 has worn out, naira is slumping again
how do you expect Tinubu to do this when he is a victim. Cut the cost of governance,stop budget Padding,spend money on pressing needs not coastal high way,make it easy and simple to export Nigeria made products,stop looking for international investors but fund local production,make Agriculture attractive to graduate,invest more in football as means of employment lastly ask Nigerians and Obi for forgiveness for Rigging the election and ask God for forgiveness for running a Muslim Muslims ticket

2 Likes

Re: What Do You Think Should Be Done To Appreciate Naira ? by Maski87: 2:22pm On May 09
They should demand 150 million doll bribe from binance
Re: What Do You Think Should Be Done To Appreciate Naira ? by CyberWolf: 2:22pm On May 09
Abolish bureau de change and fix exchange to a particular rate.

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