₦airaland Forum

nairalanda1:
Also 2014....oil prices were as high as 130 dollars per barrel

2025...oil prices were as low as 60 dollars per barrel

Dutch disease.

Image123:
Lolz, all a game of numbers. Na you know who you dey chase.

$811 billion times 216 fx rate = 175 trillion naira.

$252 billion times 1470 fx rate = 370 trillion naira.
That's double.

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
>>>
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Muhammadu Buhari, presidential candidate of the All Progressives Congress (APC), has promised to ensure that the naira would be equal to the dollar in value if voted into office.

NAN reports that Buhari said this on Monday during the south-east presidential rally of the party at Dan Anyiam Stadium, Owerri.

“It is sad that the value of the naira has dropped to more than N230 to one dollar. This does not speak well for the nation’s economy,” he said.

He urged the people to vote for APC, noting that he would ensure that corruption was tackled headlong if elected.

https://www.thecable.ng/ill-make-naira-equal-dollar-says-buhari/amp

mrvitalis:
You borrow to build road, bridge and things that can't generate money to pay back the loan
Then print naira enter the forest market to buy dollar boom naira loses value

Rinse and repeat

When people complain say they play politics of hate

Gotocourt:
Nigerian dollars started declining that same 2014 as Goodluck Jonathan plundering of foreign reserves was at it's peak and oil prices started crashing 📌💯
That's info from premium times and aljazeera.
This is the best time to invest in Nigeria in the last ten years. Team Money Market Funds, I salute una🙌📌💯

BlackViper:
https://x.com/StatiSense/status/1978365658560663851?t=R9SV_ZiSTL-maJdA2yXraQ&s=19[/quote]You people like posting rubbish! Just because the naira was devalued, doesn't mean the value of a building or property will come down. The value goes up in Naira terms but remains the same in dollar term. For example you bought a car for 500 dollars. If naira to dollar is devalued, the value of the car in dollar still remains the same. It's the value in naira that will change.

ADUBA1:
That is not true. In 2014 oil prices were below $100

Gotocourt:
Agbádorianss leaves thread

GEJ supervised massive plundering of Nigeria foreign reserve

anonimi:
Double in Naira, whose value has been wiped out by the clueless, corrupt and incompetent APC leaders looters, who promised change but delivered extreme poverty shege

Misterone:
You people like posting rubbish! Just because the naira was devalued, doesn't mean the value of a building or property will come down. The value goes up in Naira terms but remains the same in dollar term. For example you bought a car for 500 dollars. If naira to dollar is devalued, the value of the car in dollar still remains the same. It's the value in naira that will change.

kettykin:
Obasanjo has been on his knees warning them.
Adebanjo warned them before he passed away.
Oyedepo warned them.
Odumeje has been shouting.
Other men of God like Enenche shouted.
Peter Obi's warning and pleadings are there.


It is just as if the devil took over Nigeria.

This is why I am really afraid for Peter Mbah and Enugu.

This is why I love Charles Soludo, as stubborn as he is , he will never join APC. Bookmark this.

BlackViper:
https://x.com/StatiSense/status/1978365658560663851?t=R9SV_ZiSTL-maJdA2yXraQ&s=19[/quote]Their minions wont like this

Its their clueless clowns that are in power ,so no worries.

kettykin:
Obasanjo has been on his knees warning them.
Adebanjo warned them before he passed away.
Oyedepo warned them.
Odumeje has been shouting.
Other men of God like Enenche shouted.
Peter Obi's warning and pleadings are there.


It is just as if the devil took over Nigeria.

This is why I am really afraid for Peter Mbah and Enugu.

This is why I love Charles Soludo, as stubborn as he is , he will never join APC. Bookmark this.

garykoeman:
Reason is because of drop in crude price.

Everything started to crumble during Jonathan tenure in 2014.

Racoon:
Hehehe! They still have supporters who eulogize their cluelessness, ineptitude, and incompetency you know

Borrow2222:
I'm appalled that there are still people backing this APC government.

The state of the nation is disheartening, and I fear for its future.

It's disconcerting to see things heading in this direction with no visible respite.

VeeVeeMyLuv:
Okay why did the value of the people earning power not go up

Why did the standard and quality of living continue to decline?
Why did the infrastructure continue to be poor. See The coordinating minister of economy could not continue to allow himself to be treated here, I am sure, He must have tasted a little dose of the poor quality of personal/unprofessionalism and poor health facilities,
Baba had to bolt away.

Why can't we learn from the China example? It is the bad bad things that we will be copying
Nawa o.

mrvitalis:
Just shut up if you don't know what to say

Did crude not drop under PDP?
The so called crude drop didn't last 2 years ooh

Pick an economics text read money, international trade, foreign reserve then come back let's talk

Image123:
Lolz, all a game of numbers. Na you know who you dey chase.

$811 billion times 216 fx rate = 175 trillion naira.

$252 billion times 1470 fx rate = 370 trillion naira.
That's double.

Racoon:
Hehehe! They still have supporters who eulogize their cluelessness, ineptitude, and incompetency you know

kettykin:
Obasanjo has been on his knees warning them.
Adebanjo warned them before he passed away.
Oyedepo warned them.
Odumeje has been shouting.
Other men of God like Enenche shouted.
Peter Obi's warning and pleadings are there.


It is just as if the devil took over Nigeria.

This is why I am really afraid for Peter Mbah and Enugu.

This is why I love Charles Soludo, as stubborn as he is , he will never join APC. Bookmark this.

SmartPolician:
What Buhari and Escóbàr cannot destroy doesn't exist!

Image123:
Lolz, all a game of numbers. Na you know who you dey chase.

$811 billion times 216 fx rate = 175 trillion naira.

$252 billion times 1470 fx rate = 370 trillion naira.
That's double.

Borrow2222:
I'm appalled that there are still people backing this APC government.

The state of the nation is disheartening, and I fear for its future.

It's disconcerting to see things heading in this direction with no visible respite.

FarahAideed:
This GDP must be PPP