₦airaland Forum

teekrackz:
As Naira no dey there, children of perdition no go believe

The ones who promised and failed to deliver

anonimi:
World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate

April 23, 2023

The President-elect said he would work with the Central Bank of Nigeria (CBN) to *bring down the exchange rate to N200 in his first term.*

“My administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.

“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years, Tinubu stated.

https://www.ripplesnigeria.com/world-bank-offers-nigeria-forex-rate-advice-as-tinubu-eyes-n200-dollar-rate/?amp

teekrackz:
As Naira no dey there, children of perdition no go believe

Obvioulsly this is for a year-on-year basis. After floating and collaspe of multiple rate.

Another propaganda for the fools and illiterates….how much is 100 Ghanaian Cedis to Nigerian Naira answer to this question tells it all to the fools

teekrackz:
As Naira no dey there, children of perdition no go believe

naira no fit dey there because its on value worst pass the first 10,
ghana cedis. get value pass naira

Gbadugbakun:
We made it to 4th place. Very soon we'll become first.

This I have seen.

Dey play

lol…but dem talk say 1Ghanaian cedis is equals to one US dollars na

Max24:
Na you no go school. So we should continue to artificially defend the naira as past governments has done with nothing to show for it. Or is Nigeria the first to do so? Please, use your brain.

Yo, una go just dey parrot empty talking points wey this propaganda ridden government drum into una skull. You get brain, you are capable of rational thinking so think for yourself. Every country has something it does for its citizens with the resources the country has. Defending the Naira was worth every penny spent on it because it improved our purchasing power. A car that sold 3m few years ago don increase by over 200%. Same goes for every single item wey we need for daily life.

If to say your yeye government get sense, they will know you dont take a measure that drastically reduces people's purchasing power without providing a way to cushion the effects. You just wake up one morning and your 100k is no longer worth 100k, just like that, you are in deep shit. Person go dey cap anyhow.

Nairaland is becoming something else.

jmoore:
Those looking for Nigeria. Here it is. At No. 4

that one na 2024.

teekrackz:
As Naira no dey there, children of perdition no go believe

hahaaha

Fyzt:
Nigeria losing at the speed of light

.abi..see what Tinubu renewed shege economy has caused

Olachase:
Anything you are doing avoid useless gathering

👇👇👇👇

to ba sope o man Naira,o wuwo lowo, iwo sha se si dollar

Many

teekrackz:
As Naira no dey there, children of perdition no go believe

If agbadorian 🌽 believe nothing more

Just celebrate like a luna.tic

Today


USD NGN
100 USD 154,755.06 NGN
250 USD 386,887.65 NGN
300 USD 464,265.18 NGN
500 USD 773,775.30 NGN

Lovit:
if i have the figures for 2025 for Nigeria I can help you with it

Just so you get it, if Bola and Chinwe wants to lose weight in two years, if the figures are as follows:

Bola - 50kg in 2024, Chinwe - 15kg in 2024

Bola - 10kg in 2025, Chinwe - 30kg in 2025

if you look at only 2025 weight loses you will think Chinwe did better, but if you do a cumulative for both of them you will realize that Bola did better 2024 till date

So in conclusion, Naira did worse than all the other currencies, a -134% alone in 2024 is just too much.

You're a mad man.
I'm sure you expected this response

teekrackz:
As Naira no dey there, children of perdition no go believe

Naso see one on top of you already saying it's a lie.... They wish nothing good for their country as the animals in the country they call a zoo

Fekumzi123:
You're a mad man.
I'm sure you expected this response

Instead of you to learn, arrogance and pride won’t allow you.

So you don’t know if for instance, you are owing the bank #134 last year and have not paid back, but this year you borrowed nothing , that you still owe that #134 ?
Compare that with another person who owed #34 last year and borrowed another #40 this
year. Total of #74.

Between you two, who owes the most

correctguy101:
Na Indian film?

In a serious debate, any werey wey make such eediotic promise suppose try defend how e go take achieve that kind matter.

But people voted for him without asking him to tell them how he would achieve that

EBEk101:
But people voted for him without asking him to tell them how he would achieve that

Lols.. I just passed by his royal resident along bouillon now. Come meet me make we go drag am

Police line up from falomo to his house o.

Lols

Modified

No come again, I hear say the man suspect say we wan come "draw" am. E don run go Abuja... Until next time

It ought to be 7.5 packs at least

Olachase:
Anything you are doing avoid useless gathering

👇👇👇👇

correctguy101:
Lols.. I just passed by his royal resident along bouillon now. Come meet me make we go drag am

Police line up from falomo to his house o.

Lols

Modified

No come again, I hear say the man suspect say we wan come "draw" am. E don run go Abuja... Until next time

lol person wey no want opposition party nah him house you want go drag am, you want to be tagged as an unknown gunmen ?

This one favors the government officials.

Will you not wish that Nigeria is like Sweden , japan and Switzerland who is also in the 15

teekrackz:
As Naira no dey there, children of perdition no go believe

You are so in love with even the suffering in Nigeria since APC came to power.

I only pray that this love will not end with tinubu as a president.


🤣🤣🤣🤣🤣🤣🤣🤣

teekrackz:
As Naira no dey there, children of perdition no go believe

why Dem go believe so far say nah Reno omokiri and APC post am

teekrackz:
As Naira no dey there, children of perdition no go believe

u mean Ghanaians?

Olachase:
Anything you are doing avoid useless gathering

👇👇👇👇

Nah just one paper be dis oh!!!!!!

See plenty naira notes in exchange!!!!!!

Nor be good thing be this oh!!!!

teekrackz:
As Naira no dey there, children of perdition no go believe

Dem no like good news, my guy who's a Ghanaian dey send money for me to do DStv sub for Naija here.

If cedi better pass naira why him dey do sub for here?
Make obidients come answer.

GRACEGLORY:
The naira is weak against the US dollar primarily due to Nigeria's heavy reliance on oil exports, which account for over 90% of foreign exchange earnings, and declining oil prices and production have reduced dollar inflows, straining reserves. Additionally, high import dependence, speculative demand, and limited foreign direct investment exacerbate pressure on the naira, driving depreciation.


To strengthen the naira, Nigeria could diversify its economy by boosting non-oil sectors like agriculture and manufacturing to increase foreign exchange earnings and reduce import dependency. Additionally, implementing tighter monetary policies, attracting foreign investment, and improving oil production efficiency would stabilize reserves and reduce speculative pressure on the currency. And this is already being done by the present administration. WE AWAIT RESULTS

Thanks to Tinubu..
Nigeria's GDP Growth in Q2 2022 is driven by the non-oil Sector ...
In the first quarter of 2025, Nigeria's non-oil sector exhibited strong growth, contributing significantly to the country's overall GDP. The non-oil sector expanded by 24.75%, reaching $1.79 billion, a significant increase from previous periods. This growth is attributed to diverse sectors like agriculture, services, and manufacturing, indicating a diversification away from oil dependence.

Skydivine:
Instead of you to learn, arrogance and pride won’t allow you.

So you don’t know if for instance, you are owing the bank #134 last year and have not paid back, but this year you borrowed nothing , that you still owe that #134 ?
Compare that with another person who owed #34 last year and borrowed another #40 this
year. Total of #74.

Between you two, who owes the most

They are still correcting your ignorance,you still persist.
They don't do aggregate of the strength of a currency the way you are doing.
A currency is either strong or weak at a particular point in time.
The strongest currency in the world is the currency of Kuwait.