₦airaland Forum

The Senator Nenadi Usman-led Labour Party has taken a swipe at President Bola Tinubu for rewarding the victorious Nigerian female soccer national team, the Super Falcons, in United States Dollars instead of the Nigerian Naira.


The party described the president’s action as “utterly shameful” and unpatriotic.

This was contained in statement signed by Ken Asogwa, the Senior Special Adviser (Media) to the Interim National Chairman of the party.

In the statement, the Labour Party expressed regret that “the nation’s foremost custodian and presumed chief ambassador of the Nigerian Naira, chose to reward our gallant Super Falcons in United States dollars.”

It further read, “Watching the president, on national television, announce that the victorious Super Falcons would receive financial rewards ‘equivalent to $100,000’ was not only nauseating but deeply unpatriotic.

“Even if, as some may argue, he meant the Naira equivalent, the symbolic elevation of the dollar over our national currency by the Commander-in-Chief is a damning indictment of his administration’s economic mindset.

“This act speaks volumes about the level of disdain and lack of faith this government has in the Naira – the very symbol of our economic sovereignty. Perhaps, at this rate, we should expect the national budget to soon be presented in dollars, or worse still, in a basket of foreign currencies.

“The Tinubu administration, having supervised the free fall of the Naira – from an already precarious N500 to over N1,500 to the dollar – appears to have thrown in the towel.

“A president who openly shies away from promoting his national currency sends a dangerous message to the world and to his citizens: that the Naira is not worth defending.

“It is no surprise, therefore, that the World Bank, in its latest review, listed the Naira among the worst-performing currencies in Sub-Saharan Africa – depreciating by approximately 43% year-to-date.


“This has been attributed to surging demand for the US dollar and an eroded confidence in the Naira, the actual practice the president has been busy abetting.

“When the highest office in the land sets such a tone, what moral ground do we stand on to call on others to have faith in our currency? If this is not patriotism in reverse, then what is?”

Source: https://vanguardngr.com/Tinubu-displayed-naira’s-worthlessness-with-$100,000-reward-to-Falcons-LP

Imagine $100,000 is over N150 million naira in today's Nigeria under tinubu

How did this man became president sef ?

Someone that failed as Lagos state governor

The LP and Obidients are just crying over nothing.

Tinubu have no regard about anything good about Nigeria except the one he can loot

That was my first thought too, people see N10m as small or chicken change. No thanks to APC.

LagosOrigin:
Imagine $100,000 is over N150 million naira in today's Nigeria under tinubu

How did this man became president sef ?

Someone that failed as Lagos state governor

Do you know Nigeria was spending billions of dollars a year to prop up the naira?

Does your region produce even 1 million dollars a year to pay for that?

The Naira is its True Value now.

To make it stronger, you buy Made in Nigeria.

When you see Aba made shoes, don't laugh and choose Italian made.

Because you pay for that in dollars or Euros.

When you walk into a shop to buy a wristwatch and you see a Nigerian made watch and a Swiss watch, buy the Nigerian made watch.

That is how you raise the value of your currency.

The more demand for a particular currency to pay for goods and services, the higher the value of the currency.

That's how it works. You don't force it.

If you don't use naira for major purchases of Made in Nigeria goods, but prefer imports, you can never have a high valued currency.

All Tinubu did was bring you back to reality.

The other day I posted a thread on how Nigerian women spend nearly a billion dollars every year on imported dog hair from Brazil.

If they decided to make indigenous hairstyles and braids, plaits trend, that could create 5 million new jobs for local hair stylists, and raise the naira value. Multiply that by other sectors.The naira value would rise in value overnight.

You are your own worst enemies, not Tinubu.

You are probably standing there dressed head to toe in imported gear - jeans t shirt, sneakers. None made in Nigeria.

Yet you expect high naira value. How?

Go to China today and present a Chinese man on the street with two pairs of shoes, one pair made in China, the other made in Italy. He will choose the one made in China, even though he knows the Italian one is of 'better quality' (supposedly).

When you understand why he did that, and apply such logic to yourselves, you will see your Naira value rise naturally as a matter of course.

Kemetian:
Do you know Nigeria was spending billions of dollars a year to prop up the naira?

Does your region produce even 1 million dollars a year to pay for that?

The Naira is its True Value now.

To make it stronger, you buy Made in Nigeria.

When you see Aba made shoes, don't laugh and choose Italian made.

Because you pay for that in dollars or Euros.

When you walk into a shop to buy a wristwatch and you see a Nigerian made watch and a Swiss watch, buy the Nigerian made watch.

That is how you raise the value of your currency.

The more demand for a particular currency to pay for goods and services, the higher the value of the currency.

That's how it works. You don't force it.

If you don't use naira for major purchases of Made in Nigeria goods, but prefer imports, you can never have a high valued currency.

All Tinubu did was bring you back to reality.

The other day I posted a thread on how Nigerian women spend nearly a billion dollars every year on imported dog hair from Brazil.

If they decided to make indigenous hairstyles and braids, plaits trend, that could create 5 million new jobs for local hair stylists, and raise the naira value. Multiply that by other sectors.The naira value would rise in value overnight.

You are your own worst enemies, not Tinubu.

You are probably standing there dressed head to toe in imported gear - jeans t shirt, sneakers. None made in Nigeria.

Yet you expect high naira value. How?

Go to China today and present a Chinese man on the street with two pairs of shoes, one pair made in China, the other made in Italy. He will choose the one made in China, even though he knows the Italian one is of 'better quality' (supposedly).

When you understand why he did that, and apply such logic to yourselves, you will see your Naira value rise naturally as a matter of course.

Why not start by advising your tinubu to start patronizing Innoson motors for himself and family and not patronizing bullet proof escalade and luxury boat for himself hmm
Abi charity no longer starts from home?

LagosOrigin:
Why not start by advising your tinubu to start patronizing Innoson motors for himself and family and not patronizing bullet proof escalate and luxury boat for himself hmm
Abi charity no longer starts from home?

Is Tinubu Nigeria?

Of what impact is what he buys compared to what 250 million people decide to buy?

The problem with you lot is that you've made the role of your ''leaders'' so paramount in your lives that there is no room for your own brains to think.

What stops You and today's youth from promoting Nigerian-made so as to shore up the Naira value?

You all have internet and social media. Why don't you use it for something fruitful?

Instead of looking for ''our leaders'' to blame for naira value, why not also be ''leaders'' and start a social media campaign to elevate indigenous hairstyles, and ditch Brazilian hair imports and imported bleaching creams?

Or promote indigenous fashion like light Dashiki over jeans and t-shirts?

Make it 'trend'?

These are mindset adjustments that can generate millions of new jobs and raise the Naira value, virtually overnight.

But no. Tinubu must magically raise the Naira value for you while you cover yourself in imports.

Keep waiting.

Kemetian:
Is Tinubu Nigeria?

Of what impact is what he buys compared to what 250 million people decide to buy?

The problem with you lot is that you've made the role of your ''leaders'' so paramount in your lives that there is no room for your own brains to think.

Tinubu is a terrible leader if he can't live by example of patronizing Nigerian made goods over foreign products.

The national assemble under APC akpabio leadership bought for themselves over one thousand luxury Toyota SUVs with money that would have made naira stronger if they had patronise made in Nigeria cars like Governor of Abia state, Alex Otti and soludo did by patronizing made in Nigeria cars for themselves over foreign made cars.

A leader should lead by example but I know that's not in tinubu dictionary .

LagosOrigin:
Tinubu is a terrible leader if he can't live by example of patronizing Nigerian made goods over foreign products.

The national assemble under APC akpabio leadership bought for themselves over one thousand luxury Toyota SUVs with money that would have made naira stronger if they had patronise made in Nigeria cars like Governor of Abia state, Alex Otti and soludo did by patronizing made in Nigeria cars for themselves over foreign made cars.

A leader should lead by example but I know that's not in tinubu dictionary .

You can create the Nigeria you want with or without Tinubu.

He is just one man. We are 250 million people.

Nollywood was an embarrassment when it first started. But continued patronage by Nigerians made it what it is today, with Netflix , Cannes Film Festival and other big names now associated with it, as the world's 2nd biggest film industry.

There was no government involved.

We can do that in many other sectors.

Kemetian:
You can create the Nigeria you want with or without Tinubu.

He is just one man. We are 250 million people.

a good leader will live by example but tinubu isn't a good leader

LagosOrigin:
a good leader will live by example but tinubu isn't a good leader

Tinubu does not have to buy an Innoson for you to know you should buy an Innoson.

What happened to your common sense?

The truth is that the addiction to ''foreign'' afflicting the leaders also afflicts You.

Kemetian:
Do you know Nigeria was spending billions of dollars a year to prop up the naira?

Does your region produce even 1 million dollars a year to pay for that?

The Naira is its True Value now.

When you understand why he did that, and apply such logic to yourselves, you will see your Naira value rise naturally as a matter of course.

You are trying to teach an olodo Economics

Their region below, but na dem get mouth pass for Nairaland. Even NE that's going through a war with insurgency is doing better.

Kemetian:
Is Tinubu Nigeria?

Of what impact is what he buys compared to what 250 million people decide to buy?

A very ignorant question in my opinion. Tinubu and his wife have spent hundreds of millions of dollars, hundreds of billions if not trillions of naira in foreign trips, donations, personal expenses like acquiring a jet, foreign trips, foreign medical expenses, bribing politicians, acquiring tasteful cars, building houses for their political supporters who hold offices, the monetary gifts to the super falcons, and much more. Zero accountability. How many individual Nigerians can match that? Tinubu has single handedly secured loans that will make you and your generations to come debtors to the tune of millions and millions of naira. Do you share in the debt of any of the 250 million Nigerians?

The problem with you lot is that you've made the role of your ''leaders'' so paramount in your lives that there is no room for your own brains to think.

I see how you are using your brain to think. Keep thinking in reverse.

What stops You and today's youth from promoting Nigerian-made so as to shore up the Naira value?

Coming from the same person that said people should not expect magic from Tinubu. Since the time of the late Buhari till now that the borders have been closed forcing Nigerians to patronise locally made goods and services how has it strengthened the naira? Imported goods are more expensive today in case you have been living under a rock. The naira continues its relentless decline.

You all have internet and social media. Why don't you use it for something fruitful?

Instead of looking for ''our leaders'' to blame for naira value, why not also be ''leaders'' and start a social media campaign to elevate indigenous hairstyles, and ditch Brazilian hair imports and imported bleaching creams?

Or promote indigenous fashion like light Dashiki over jeans and t-shirts?

Make it 'trend'?

I am now convinced you are just full of air, no substance in your argument...it is all gobbledegook. You are making up facts just to buttress your points that cannot hold water. Even worse, you ignore the extreme economic hardship brought upon Nigerians by your clueless president by which many businesses have inevitably shut down operations. How many average Nigerians don Brazillian hairstyles today? Are you ignorant of the fact that there are Nigerian companies that produce locally made jeans wears? Do you wear dashiki to a job interview or to ride commercial motorcycle? Why not channel your energy towards advocating for stable power supply, eradicating touts on the streets who are entitled to a fraction of someone's daily income, tax-friendly policies to encourage small businesses?

These are mindset adjustments that can generate millions of new jobs and raise the Naira value, virtually overnight.

But no. Tinubu must magically raise the Naira value for you while you cover yourself in imports.

Keep waiting.

Again, your predilection to erroneous argument is telling. No matter how much Nigerians patronise locally made products the value of the naira does not rest in their hands. It is a product of the policies of the leaders and the central bank. Stop putting the responsibility of the naira's value on Nigerians. What is then the function of the central bank? Millions of Nigerians are not educated so why should they be blamed for the collapse of the naira while your central bank governor and your president escape blame?

Here is a screenshot for you.

So because those girls are not politicians,they should be given stipends.
Kill joy party.
Wicked people.

Kemetian:
You can create the Nigeria you want with or without Tinubu.

He is just one man. We are 250 million people.

Nollywood was an embarrassment when it first started. But continued patronage by Nigerians made it what it is today, with Netflix , Cannes Film Festival and other big names now associated with it, as the world's 2nd biggest film industry.

There was no government involved.

We can do that in many other sectors.

What’s the point of having a leader if there are different rules for him and different rules for the people? In your warped analysis we should elect a president to buy anything he wants from wherever and we the people subjected to buy local. Please read what you wrote again and ask yourself what leadership is all about. You are saying we should elect a leader and then take up the responsibilities we elected him for by ourselves? You guys can defend even the devil so far he is your kin.

Tinubu sometimes says things to give the opposition opportunities to demonstrate their ignorance. Tinubu said the girls would be gifted the naira equivalent of $100,000.

LP reads that they were given $100,000.

This is why they can't understand the basics of conflict resolution.

LagosOrigin:
Imagine $100,000 is over N150 million naira in today's Nigeria under tinubu

How did this man became president sef ?

Someone that failed as Lagos state governor

If failure is Lagos becoming Africa's 2nd largest city economy after Cairo, beating 51 nations like Ghana,Cameroon etc,Nigerians love that kind of failure sir.

He knew if he mentioned 150m , it will seem too much, that's why he mentioned in dollars ...its a more of psychological.... these re the people that destroyed our currency... they all move with dollars and pledge dollars

It's terrible. No matter the angle you look at the president action it was reckless. It baffles me how some people still justify the action and it makes you realize that it's hard to fix Nigeria. 150 million for players and around 70 million naira for other members that won an Africa created tournament and police was protesting Cos of 2 million naira gratitude after 35 years of service. A country where most civil servant earn peanuts, some don't think how far 150 million naira can fix an area. And we say kidnapping should end and corruption. SINCERELY I BELIEVE THE PRESIDENT MADE A MISTAKE WHEN HE WAS TALKING BUT OUT OF PRIDE FIND IT HARD TO REVERSE HIS STATEMENT.

You all get option ..if you don't like it .. do the needful ... peme
Well-done girls.. thank you Mr President

I wonder how I share this same country with stupid manipulating fools who can do anything for their daily bread. What is even the truth in Nigeria these days.

Block me please. I'm tired of this forum, too. Nairaland is a reflection of Nigeria btw

LagosOrigin:
Imagine $100,000 is over N150 million naira in today's Nigeria under tinubu

How did this man became president sef ?

Someone that failed as Lagos state governor

Because his predecessors were pading the Nairaland deceiving people like you that lack basic economics knowledge.

Kemetian:
Tinubu does not have to buy an Innoson for you to know you should buy an Innoson.

What happened to your common sense?

The truth is that the addiction to ''foreign'' afflicting the leaders also afflicts You.

The way people like u reason.... isnt a keader meant to lead by example ....or in ur own terms , its now chqnged to followers should lead leaders by example .... theres no country in the world that produces their own indegenous vehicle that has their president being driven in another coubtry produced vehicle....not one cointry apart from nigeria ....all due to tribalism ....

Rootprof:
It's terrible. No matter the angle you look at the president action it was reckless. It baffles me how some people still justify the action and it makes you realize that it's hard to fix Nigeria. 150 million for players and around 70 million naira for other members that won an Africa created tournament and police was protesting Cos of 2 million naira gratitude after 35 years of service. A country where most civil servant earn peanuts, some don't think how far 150 million naira can fix an area. And we say kidnapping should end and corruption. SINCERELY I BELIEVE THE PRESIDENT MADE A MISTAKE WHEN HE WAS TALKING BUT OUT OF PRIDE FIND IT HARD TO REVERSE HIS STATEMENT.

Na Remi Tinubu do this one..... how can they pay more than what CAF paid them...then what happens if the men win theirs...e go be 1m dollars each..... a government that has been telling their people to manage .... not like its the first time of falcons winning it...that's why simps sudnt be elected....Tinubu na simp

Nigerians does not need an honest, intelligent, humane, educated, accountable, trustworthy and responsible leader's like
Peter Obi,
Akinwumi Adesina,
Umara Zulum,
Prof. Osibanjo
Ngozi Okonjo- Iweala
and their likes,
What Nigerians prefer and defend on social media are greedy, selfish ,corrupt, clueless ,arrogant, lawless, and heartless dictators like
Tinubu,
Ganduje,
Wike ,
Ikpeazu ,
Orji Kalu,
Akpabio ,
Buhari,
Hope Uzodinma
and their likes.

This is very stupid from Eluu Pee Tinubu said Naira equivalent of 100k USD. Probably for the foreign based players and the international community to have a better understanding of the reward. Even in football transfers in Europe they still use dollars.

Kemetian:
Do you know Nigeria was spending billions of dollars a year to prop up the naira?

Does your region produce even 1 million dollars a year to pay for that?

The Naira is its True Value now.

To make it stronger, you buy Made in Nigeria.

When you see Aba made shoes, don't laugh and choose Italian made.

Because you pay for that in dollars or Euros.

When you walk into a shop to buy a wristwatch and you see a Nigerian made watch and a Swiss watch, buy the Nigerian made watch.

That is how you raise the value of your currency.

The more demand for a particular currency to pay for goods and services, the higher the value of the currency.

That's how it works. You don't force it.

If you don't use naira for major purchases of Made in Nigeria goods, but prefer imports, you can never have a high valued currency.

All Tinubu did was bring you back to reality.

The other day I posted a thread on how Nigerian women spend nearly a billion dollars every year on imported dog hair from Brazil.

If they decided to make indigenous hairstyles and braids, plaits trend, that could create 5 million new jobs for local hair stylists, and raise the naira value. Multiply that by other sectors.The naira value would rise in value overnight.

You are your own worst enemies, not Tinubu.

You are probably standing there dressed head to toe in imported gear - jeans t shirt, sneakers. None made in Nigeria.

Yet you expect high naira value. How?

Go to China today and present a Chinese man on the street with two pairs of shoes, one pair made in China, the other made in Italy. He will choose the one made in China, even though he knows the Italian one is of 'better quality' (supposedly).

When you understand why he did that, and apply such logic to yourselves, you will see your Naira value rise naturally as a matter of course.

Tell these to our Leaders.

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