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Why Is The Naira Losing So Much Yet The Cedis & Schillings Is Not. - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessWhy Is The Naira Losing So Much Yet The Cedis & Schillings Is Not. (477 Views)

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Why Is The Naira Losing So Much Yet The Cedis & Schillings Is Not. by KnowAll(op): 9:39am On Sep 19, 2024
Kenya had a demonstration for 3 months yet their currency did not move in fact it stretched. Same thing the Ghanaian Cedis.

We talk production production production but these are not producing more than we are. How come our currency is on a free fall and their’s are on a fairly stable fall or even appreciating.
Re: Why Is The Naira Losing So Much Yet The Cedis & Schillings Is Not. by VeeVeeMyLuv(f):
KnowAll:
Kenya had a demonstration for 3 months yet their currency did not move in fact it stretched. Same thing the Ghanaian Cedis.

We talk production production production but these are not producing more than we are. How come our currency is on a free fall and their’s are on a fairly stable fall or even appreciating.
because the APC leaders we have had from 2015 to now are very dishonest, unfaithful and unpatriotic.

They will be busy giving excuse of Covid 19 impact, the war in Ukraine and Gaza, global recession as reason for the dead economy and currency when you ask them to account for the rapid devaluation of the naira.

Is it only Nigeria these events affected?
Re: Why Is The Naira Losing So Much Yet The Cedis & Schillings Is Not. by KnowAll(op): 10:23am On Sep 19, 2024
VeeVeeMyLuv:
because the APC leaders we had from 2015 to now are very dishonest, unfaithful and unpatriotic
It is like we are caused. Despite having brilliant people we are running our economy to ground.
Re: Why Is The Naira Losing So Much Yet The Cedis & Schillings Is Not. by Chinjo2: 10:30am On Sep 19, 2024
When the head is rotten, the body will also be rotten.
Only in Nigeria will we elect incompetent people as leaders and expect them to perform miracles.
We deserve what we are getting in Nigeria.
In Edo state for instance, APC brought a grossly incompetent candidate and they are doing everything to force him on Edo people.
Re: Why Is The Naira Losing So Much Yet The Cedis & Schillings Is Not. by Svoboda(m): 11:24am On Sep 19, 2024
Chinjo2:
When the head is rotten, the body will also be rotten.
Only in Nigeria will we elect incompetent people as leaders and expect them to perform miracles.
We deserve what we are getting in Nigeria.
In Edo state for instance, APC brought a grossly incompetent candidate and they are doing everything to force him on Edo people.
Sometimes you need to isolate politics from discussions on economics. Lambasting the leadership of the ruling party isn't the answer to the problem.
Re: Why Is The Naira Losing So Much Yet The Cedis & Schillings Is Not. by KnowAll(op): 9:18am On Sep 25, 2024
Svoboda:
Sometimes you need to isolate politics from discussions on economics. Lambasting the leadership of the ruling party isn't the answer to the problem.
So what is the answer. I thought they say we Nigerians are high achievers yet we cannot control the free fall our currency.
Re: Why Is The Naira Losing So Much Yet The Cedis & Schillings Is Not. by minosky: 10:00am On Sep 25, 2024
Our leaders are incompetent.
Re: Why Is The Naira Losing So Much Yet The Cedis & Schillings Is Not. by minosky: 10:05am On Sep 25, 2024
Our leaders are incompetent and they also give flimsy excuses
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