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Nairaland Forum / Nairaland / General / Politics / How Stable Was The Naira Under Gen. Buhari? (37839 Views)
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Re: How Stable Was The Naira Under Gen. Buhari? by Nobody: 3:47pm On Dec 21, 2014 |
Collynzo9:lol u get bad mouth 1 Like |
Re: How Stable Was The Naira Under Gen. Buhari? by duni04(m): 3:48pm On Dec 21, 2014 |
The price of oil slid from 29 dpb to 27dpb during buharis regime. It was inevitable that there would be a corresponding depreciation of the Naira. All through Nigeria's history, the Naira has always depreciated whenever the price of oil has fallen. That has been the case from Gowon's regime to Shagari, Obasanjo and now Jonathan. It was only Babangida that deliberately pursued a policy of depreciating the naira, and that was to make non oil exports profitable, though the benefit was lost to rampant inflation. The foreign exchange rate is not an indicator of economic growth. In the case of Nigeria, where 70% of our dollars is from oil, our naira can only appreciate when the price of oil rises. A strong naira is even bad news for non oil exports which we badly need to increase. 2 Likes 1 Share |
Re: How Stable Was The Naira Under Gen. Buhari? by Nobody: 3:48pm On Dec 21, 2014 |
0rlando0woh: The issue has been discussed before.. even Buhari himself said in an interview that he did not know how much Nigeria was owing, he set up a committee but they never submitted a report to him until he left office... the question you should ask them, if Buhari does not know how much Nigeria was owing, how come did he pay all the debt? For reference: By the time the military came back and I happened to be the head of state, if anybody told you that he knew how much Nigeria was owing, it was a lie. So we had two committees, one international and the other local, to find out the debt Nigeria had accumulated over those years and how. This report has never seen the daylight because up to the time we were removed, it was not brought to us. But when it was eventually brought, by which time I was safely under lock and key, nobody could do anything about it. http://www.thecable.ng/exclusive-interview-im-opposed-muslim-muslim-ticket-says-buhari/2 10 Likes |
Re: How Stable Was The Naira Under Gen. Buhari? by Firefire(m): 3:48pm On Dec 21, 2014 |
theshadyexpress: I laugh in Japanese Yen 6 Likes |
Re: How Stable Was The Naira Under Gen. Buhari? by CyberWolf: 3:49pm On Dec 21, 2014 |
Following...Govt. Should stop supporting Naira with our external reserve..allow Naira to attain it's real value... 3 Likes 1 Share |
Re: How Stable Was The Naira Under Gen. Buhari? by dunkem21(m): 3:49pm On Dec 21, 2014 |
datolee: Haba! You wan kill person political career? Sofly, abeg. 3 Likes |
Re: How Stable Was The Naira Under Gen. Buhari? by OrlandoOwoh(m): 3:50pm On Dec 21, 2014 |
rozayx5:Datolee was disgraced last time by Barcanista. 3 Likes 1 Share |
Re: How Stable Was The Naira Under Gen. Buhari? by samx4real(m): 3:50pm On Dec 21, 2014 |
I have said it before! And am still saying it!! The devil (GEJ) you know is better than the angel (GMB) you don't know!!! 6 Likes |
Re: How Stable Was The Naira Under Gen. Buhari? by erico2k2(m): 3:50pm On Dec 21, 2014 |
nduchucks:Non of the people vying seem fit, APC lost it when they presented GMB as their sole candidate, that's why they are going to lose,they should have brought someone fresh ohh I forgot,GMB has huge starch of money to spend than everybody else 3 Likes |
Re: How Stable Was The Naira Under Gen. Buhari? by Firefire(m): 3:50pm On Dec 21, 2014 |
15 Likes |
Re: How Stable Was The Naira Under Gen. Buhari? by FastShipping: 3:51pm On Dec 21, 2014 |
theshadyexpress: Stu.pid OLODO! It is teeth. I have never seen it written as "teeths". Olodo! Good for you Mr. Mathematician. Someone brought cooked up numbers and you expect me to believe him. Let him furnish the exchange rate under Shagari and under Buhari and let us deal with the numbers here. Some of you cannot just come here with cooked up number without links to back up your claims. 107% depreciation of naira under Buhari is a stretch. Till you or the op can provide the real data between 1981 and 1985, I will be here... 4 Likes |
Re: How Stable Was The Naira Under Gen. Buhari? by rozayx5(m): 3:52pm On Dec 21, 2014 |
theshadyexpress: since their blood thirsty general never visited the four walls of a university majority of his supporters are illiterates, instead of them to counter datolee they will start talking about stella Odua and bullet proof cars on this thread 5 Likes |
Re: How Stable Was The Naira Under Gen. Buhari? by Firefire(m): 3:52pm On Dec 21, 2014 |
erico2k2: Absolutely! APC Failed in presenting a serial failure to represent change in the 21st century. WHAT AN INTERNATIONAL SHAME! 6 Likes 1 Share
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Re: How Stable Was The Naira Under Gen. Buhari? by HAH: 3:52pm On Dec 21, 2014 |
Op you are misleading people deliverately 1 Like |
Re: How Stable Was The Naira Under Gen. Buhari? by Nobody: 3:52pm On Dec 21, 2014 |
Firefire: It is a pity that we have been brainwashed to keep demanding more from the FG while the states and the Local government areas who are closer to the people are ignored. The worst of it all, they will donate the motorcycle as part of poverty eradication policy yet, the next day, they will ban the same motorcyles from operating in their states. 7 Likes |
Re: How Stable Was The Naira Under Gen. Buhari? by gunther6(m): 3:53pm On Dec 21, 2014 |
The op can lie.... Actually the dollar ranged between 0.724 to 0.765 and the first act of the Babangida government was to devalue it to 0.869. keep lying it will not keep your 'corrupt principal' in office. 3 Likes |
Re: How Stable Was The Naira Under Gen. Buhari? by rozayx5(m): 3:54pm On Dec 21, 2014 |
OrlandoOwoh: lol we learnt a lot from datolee, barcanista conceded defeat on some and still tried to hold ground on others but still lost cause of him we know the following 1. Buhari Never built any refinery as Head of state 2. He never paid off any debt 3. He did not reduce inflation 4. the naira depreciated 100% under his nose 13 Likes 3 Shares |
Re: How Stable Was The Naira Under Gen. Buhari? by Firefire(m): 3:54pm On Dec 21, 2014 |
FastShipping: My friend, do you have problem with your browser Google is your friend to counter what ever you feel is not accurate. Don't be lazy buddy! 7 Likes 1 Share |
Re: How Stable Was The Naira Under Gen. Buhari? by Nobody: 3:55pm On Dec 21, 2014 |
datolee: Chaiiiiiiii Another Buhari lie bursted Chineke God aaaaaa Me self fall mugu 9 Likes |
Re: How Stable Was The Naira Under Gen. Buhari? by obayaya(m): 3:55pm On Dec 21, 2014 |
FastShipping: Lemme help you... Check out this link... www.tradingeconomics.com/nigeria/currency Adjust the dates to show data from 1983 to 1985.. what you'll get will look like the graph in the pic below 3 Likes 1 Share
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Re: How Stable Was The Naira Under Gen. Buhari? by stonefaze: 3:55pm On Dec 21, 2014 |
erico2k2: Bros......u have said it all.ignorance is truly a disease. The difference is so glaring 5 Likes 1 Share |
Re: How Stable Was The Naira Under Gen. Buhari? by Algebra12: 3:57pm On Dec 21, 2014 |
nduchucks: Too complex and sophisticated because he is not from the north or west. If he wes. would you be spewing this thrash? You guys cant deceive us any longer. Did question is; was the naira stable under GMB as you guys want us to believe? Answer it or pack well. 7 Likes 2 Shares |
Re: How Stable Was The Naira Under Gen. Buhari? by Firefire(m): 3:57pm On Dec 21, 2014 |
datolee: ACN turned APC are expert is such matters. They increased LASU school fees from 25k to 300k after election now LASU fee is reduced back from 300k to 25k because election is coming. What an unstable style of governance. SMH 8 Likes 4 Shares |
Re: How Stable Was The Naira Under Gen. Buhari? by nijanigga: 3:58pm On Dec 21, 2014 |
datolee:i asked the questions you can answer them and how much is your pay as an e-rat? 2 Likes |
Re: How Stable Was The Naira Under Gen. Buhari? by nigerianvenom(m): 3:58pm On Dec 21, 2014 |
datolee...and its datoleeeeeeeeeeee 1 Like |
Re: How Stable Was The Naira Under Gen. Buhari? by Yusluv77(m): 3:59pm On Dec 21, 2014 |
Dear Nigerians,Monday ,22nd of December has been declaredSolidarity campaign day for General Mohamodu Buhari / Pastor(Prof) Osinbajo. We humbly ask you to put up their pictures on your BB, Twitter handles,Facebook,whatapp, and all social medias ! We intend to have 50 million of their pictures up. It is possible!!!! PLS BROADCAST Today we have decided to change the fortune of our dear country and purposely create hope for our generations unborn. A number of us may not know about the days we use to export cocoa, the days of groundnut pyramid, the rubber in Old Bendel state, the days farmers/traders leave their goods in public and buyers take what they need and leave the money in the trays , the days $2 exchanged for N1 , the days young graduates were given Beetle, Citroen or Datsun 120Y cars which comes with an automatic job ! This ''animals in human skin'' according to Fela Anikulapo have basterdized our socio-economic lives.This campaign therefore is to re-awaken us that our dear Nigeria has a lot more resources than the collection of the G7 countries of this world (SAD.. isn't it? )BUT some of our leaders both past and present have squandered and still squandering our collective wealth.Now divinity has created another opportunity to make a change and we concerned patrots have decided to throw our weight and queue behind a man that had been president and has only one house, former PTF chairman without a petrol station, a disciplined Officer that brought sanity to our everyday lives (WAI), a Muslim that freely dines with Christains, a reserved gentleman that loves Nigeria. We are casting our votes for General Mohamodu Buhari and his running mate Prof (Pastor) Osinbajo. Please make Monday 22nd December a date.Thank you God bless Nigerians. Long Live Nigeria! 7 Likes |
Re: How Stable Was The Naira Under Gen. Buhari? by Nobody: 3:59pm On Dec 21, 2014 |
nijanigga: You have been noticed, now, jog on 6 Likes |
Re: How Stable Was The Naira Under Gen. Buhari? by nduchucks: 4:00pm On Dec 21, 2014 |
erico2k2: You forget that leadership is most important. Experts in Economics are a dime a dozen. GEJ has access to these experts but allowed theft to reign with impunity. As to the question posed by the OP, I remind lazy youths of the following: The price of crude oil, was $86.62 in September 1982, just before President Buhari took over, and dropped to $27.61 by the end of 1985!! Given the Economic conditions Buhari met, it’s a miracle that the naira depreciated only 106% I don’t have time to educate you people, but I’d suggest that you read up. 5 Likes 1 Share |
Re: How Stable Was The Naira Under Gen. Buhari? by Nobody: 4:00pm On Dec 21, 2014 |
Descartes: Barcanista will confuse you with Buharanomics DAT guy lacks understanding of basic economics devoid of politics 7 Likes |
Re: How Stable Was The Naira Under Gen. Buhari? by Kenai: 4:01pm On Dec 21, 2014 |
Collynzo9: POW!!! 3 Likes |
Re: How Stable Was The Naira Under Gen. Buhari? by Descartes: 4:02pm On Dec 21, 2014 |
WhiteTechnology: Atimes I agree with some of his points |
Re: How Stable Was The Naira Under Gen. Buhari? by AreaFada2: 4:02pm On Dec 21, 2014 |
FastShipping:. But also consider income then. Would you believe somebody I know began a job then earning N50 (Fifty naira) per month? Imagine the purchasing power of her salary changed from N50 to about N23 after 20 months of Buhari's regime. Many who didn't witness it all are just falling for sentiments and propaganda. In a sane country, a person who committed treason should have been tried and executed by the next democratic govt. Because coup was declared treason by OBJ government that Buhari served as oil minister after Murtala was killed. But we're in Nigeria, so anything goes. 3 Likes |
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