₦airaland Forum

MichaelSokoto:
Continue wasting ur precious time supporting evil...

just tell ur president to stop transacting with foreign currencies from our seat of power.

k

Slytiger:
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.

Has tunibu stopped supporting Naira? No? He is still spending morning to support Naira. So your submission is not making any sense

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.

You have met someone with knowledge of this topic today , I will prove to you Tinubu doesn't know what he is doing .

When Tinubu came in Nigeria was spending 8 billion dollars annually to prop the Naira , Tinubu in his careless nature recklessly devalued the Naira and made the economy lose 220 billion dollars in one year , how can you lose 220bn to save 8 billion .. let's do the maths further this year 2025 the Tinubu govt is on track to spend 2.6 billion dollars defending the Naira , meaning in reality our economy lost 220 billion dollars to save a paltry 5.4 billion dollars ....if we were spending 5.4 billion dollars to defend the Naira annually it would take Nigerian 40 years to go through 220 billion dollars yet Tinubu has eroded 40 years in one years in other to recoup 1 year.

If that's not spectacular failure then tell me what it is

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.

Just shut it. The British pound has a higher exchange value to the US dollar, when had a US president ever gave it precedence over the greenback?. That's what is in discussion here.

What we have is a Nigeria president openly disparaging and insulting his own economy. This same man already told us that he does not believe in one Nigeria.

Obviously, his ascendance to the highest office in the land was fraudulently achieved, he therefore, ought to be shown the door at the earliest opportunity.

Ikaeniyan0:
The LP and Obidients are just crying over nothing.

^^^
This has nothing to do with opposition party politics.

The man goofed. Admit it.

Fujiyama:
^^^
This has nothing to do with opposition party politics.

The man goofed. Admit it.

He goof in what way?

So he should have given them 100USD right?

emkz:
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.

^^^
There was absolutely no need for the dollar to enter the discussion.

He should have mentioned the Naira value and left it at that.

The man goofed. Admit it.

symbianDON:
this long epistle of yours is unnecessary here. It should rather be directed at Tinubu and his family, Akpabio and his family, Wike and his family and the rest of them. Who goes for medical tourism abroad when there are hospitals here, wasting away foreign currencies? Who are the ones who would rather have their children school overseas when there are schools here? Who would rather import high end SUVs when there's IVM and the others? .....you know the answers to these but would rather heap blames on the common man. Na wa for you o!

Very nice points. He is urging Nigerians to patronise Nigerian goods and services to boost the naira implying blame on Nigerians for the decline of the currency but he is selectively deaf and blind to the reckless spending of the politicians on foreign goods and services. I observed the guy does not think through something before expressing it.

You’re funny bro. Tinubu spending dollars in Nigeria, what is that to you? Is he building the naira or reducing the value? Pls answer I want to know what you think about it.

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.

Ikaeniyan0:
He goof in what way?

^^^
He should have mentioned the Naira value only of whatever reward was being given to the Cup winners. The US dollar had no business there. The Naira (though bruised and battered) is still the national currency after all.

In a short while, some government person will come on air to complain about dollarization among ordinary Nigerians. But the problem is coming from the very top.

[/b]“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?”[b]

President Tinubu didn't do well on this.

Wallade:
It has been a tradition for every federal government in Nigeria to give cash or monetary gratification to national teams that win major tournaments, it was done under Obasanjo, Jonathan, Buhari and currently Tinubu.

The price money from CAF to NFA, in recognition of Super Falcons achievement, is a million USDollars. Why are you not complaining about CAF transacting with USD?

Convert the £80,000 pounds, given to each member of the England Womens National Team, to naira - that is about ₦163M. Then also convert the 100,000USD from the Nigerian President to naira, of which the naira equivalent is the amount payable to each Super Falcons member - that is about ₦160M.

The £80,000 given to the lioness each was tagged Bonus for winning the tournament, it was exceptional and separate from their wining bonuses and camp allowances. It was in appreciation of their contribution, irrespective of whether it was deducted from the money won from the organizers of the tournament or from the government.

In Nigeria and every part of the world, government can't directly tamper with NFA funds that were donated to them(NFA) and we can't be so sure that NFA will exceptionally gratify the super Falcons players on achieving the feat. Hence, the federal government took the initiative as a tradition.

Are you saying the Super Falcons don't deserve the reward? What exactly is your point?

Where in my post did I complained if they were paid in dollars or not. And as for CAF paying in dollars, it's bcus the tournament was played in Morocco and they can pay in Morocco's currency but in one of the universally accepted currency then you go change it to your own currency.
As for being it tradition for our govt to reward sporting excellence, I don't know who started it but OBJ gives national reward with handshake and no monetary rewards.
I'm coming my phone is almost down, I will give you full analysis of how money are being paid for players both in the tournament and after the tournament.

Ikaeniyan0:
The LP and Obidients are just crying over nothing.

ui

Get sense by all means even if it involves going to Sanbisa forest.

Kalulu44:
Where in my post did I complained if they were paid in dollars or not. And as for CAF paying in dollars, it's bcus the tournament was played in Morocco and they can pay in Morocco's currency but in one of the universally accepted currency then you go change it to your own currency.
As for being it tradition for our govt to reward sporting excellence, I don't know who started it but OBJ gives national reward with handshake and no monetary rewards.
I'm coming my phone is almost down, I will give you full analysis of how money are being paid for players both in the tournament and after the tournament.

So what is your complaint?

You just lied about Obasanjo's government. The Obasanjo's government gave monetary gratification to:

₦1M each to Super Falcons
₦1M each to Scrabble Team members
₦57M to U-19 Female National Team
₦27M to Flying Eagles (U-21) team

Go and do your research properly before spewing misinformation and lies on nairaland.

CaptainJune:
Very nice points. He is urging Nigerians to patronise Nigerian goods and services to boost the naira implying blame on Nigerians for the decline of the currency but he is selectively deaf and blind to the reckless spending of the politicians on foreign goods and services. I observed the guy does not think through something before expressing it.

That is your personal opinion and sentiments; that is not how we perceive the President Tinubu.

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.

You know nothing about macroeconomics.

You think trade is about sentiments?

Favourable balance of trade implies developing and exporting commodities you're good at and importing the ones you're weak in.

Nigeria has leverage in gold, petroleum, cash crops, human capital etc.
These are markets that should be given unfair advantage and developed.

We currently don't produce enough rice to feed ourselves, not to even talk about export.
We have no business blockading imports of things we don't sufficiently produce, or forcing products we're not good at, down people's throats.

I would choose a Swiss watch over a Nigerian watch any day.
I would choose Nigerian palm oil over palm oil from anywhere else.

Our leaders are either ignorant or don't take their advisers seriously.

emkz:
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.

Don't mind them. Very anyhow people.

Man clearly said the Naira equivalent of dollars.

LagosOrigin:
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?

Lol i severally fought back my urge to reply the fuuu after reading the geebeeresh he wrote and eventually won over myself.

I scrolled down and then boom this comment. I laughed and laughed till i fell from my couch😂

All the things he listed is just among the secondary prbblems of the nation not the main prbblem. They know the truth but will turn blind eye.

Buy Locally Made, Buy Locally Made.

Has Cement got cheaper and citizens lives and welfare improved in return?

Has Rice got cheaper and citizens lives and welfare improved in return?

Has Fuel got cheaper and citizens lives and welfare improved in return?

I can go on and on but this will suffice.

SalamRushdie:
You have met someone with knowledge of this topic today , I will prove to you Tinubu doesn't know what he is doing .

When Tinubu came in Nigeria was spending 8 billion dollars annually to prop the Naira , Tinubu in his careless nature recklessly devalued the Naira and made the economy lose 220 billion dollars in one year , how can you lose 220bn to save 8 billion .. let's do the maths further this year 2025 the Tinubu govt is on track to spend 2.6 billion dollars defending the Naira , meaning in reality our economy lost 220 billion dollars to save a paltry 5.4 billion dollars ....if we were spending 5.4 billion dollars to defend the Naira annually it would take Nigerian 40 years to go through 220 billion dollars yet Tinubu has eroded 40 years in one years in other to recoup 1 year.

If that's not spectacular failure then tell me what it is

imagine what this one is saying here.....u think u will get spending power if they don't make dat sacrifices....can y pay 5k for a cup of milk..... Encourage the government , I know they are corrupt but they definitely Know more than u know... Defend ur currency until ur economy become stable n active...and besides this mess was done by Buhari tenure when corruption was at the top.

Hmm!

I blame all those sycophants in the name of advisers... It's just a simple "oh sir! i guess the reward be announced in Naira for the sake of Forex"... The President will immediately understand... But those sycophants will just keep mute even if the President is heading towards the Canal...

This is not good for the Naira no matter how anyone spins it...




It is well !

Na so LP and PDP Supporters urged NIGERIANS to believe that the Former ' CBN Governor - Emiefiele was doing good by Unilateral Changing the Currency Design, without Deputies Inputs, without Boards Input And It - SHOWS How he OBEDIENTS THINK AS THEY DON'T HAVE DEEP KNOWLEDGE OF the Economy nor the National Affairs.
So, NIGERIANS have learnt that the Parties above have Social -Media- Syndrome ( SMS) And Nothing good can comes up from the Above Parties and their Social Media Footsoldiers.
•Not to mention their bazzer believes that- Lagos- Calabar -Coastal Highways Roads-Project,passing through 9- States of Nigeria -is Impossible as they Dramatised Excuses in different areas!
Radarada People Everywhere .

LagosOrigin:
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?

When all those your elupee Senators and house of rep members were asked to receive innoson motors as their official car, what did they say, it is their turn now, and you cannot limit them to Innoson.

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.

You obviously do not understand economics- there is no country in the world that doesn't import foreign goods except maybe North Korea(North Korea currency isn't even the strongest in the world). Go and study or just input your question into chatgpt and stop showcasing your ignorance with pride.

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.

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.

So Tinubu's Free to patronize made in foreign goods while the masses are encouraged to buy made in Nigeria goods?
He is free to go to foreign hospitals for treatment while we are told to patronize local chemists?

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.

Oga no dey shift goal post, you were praising Tinubu's reforms and the guy asked you a simple question and here you're preaching like who just receive call from God

Should our leaders due to their financial reckless ways of living not be compelled to buy made in Nigeria??

Should they not be compelled to patronize Education institutions in Nigeria??

Should they not be compelled to patronize our hospitals??

Fujiyama:
^^^
There was absolutely no need for the dollar to enter the discussion.

He should have mentioned the Naira value and left it at that.

The man goofed. Admit it.

You know that explaining basic things to your kind amounts to pouring water in an empty basket.

I will pass.