tempem:



Love news like this...
It makes me look less stressful..

akinz4:

Can you say amen to this prayer? As your GET destroyed the Nigerian Economy, That your live should be destroyed! Are u living better now than when ur GEJ became president. How many member of your family can help financially. NONSENSE!

BrAkingNews:
This is serious ooooooooooooooooooo....



PHOTOS : Another yeye girl naked photos exposed by boyfriend

Ymodulus:
I believe the devaluation of the naira will lead to a chain of reactions, many of which may not have the intended results. For a largely monolithic-economy, like ours (Nigeria), the expectation that a devalued naira will drive export of local products, which do not exist in the required volume for now, will create additional burden on the populace. When you juxtapose the consequence of an inflation induced policy on an economy, nay the people who do not possess a corresponding purchasing power, by reason of unemployment, the consequences are better imagined than experienced.

No doubt there is the expectation that the government’s revenue, in terms of naira will move up, because of the wide exchange rate disparity between the dollar and the local currency. However, the point must be made that this expectation may be unrealisable of two variables- the falling oil prices and lower crude production aggregate.


You might say Ymodulus Is there any escape-route?

Certainly, but the question remains if Nigerians have been sufficiently sensitized to brace for this situation. In the developed nation’s when currencies are devalued, it is to encourage exports, because the prices of local products serve as an incentive and a toast for foreign buyers. In the process, they earn foreign exchange, increase production and create additional jobs. Unfortunately, that is not the position with Nigeria. Another issue would be that Nigeria will have greater difficulty in paying its external debts, which are on a growing trajectory. Earning less foreign exchange in the face of growing external debts, is an ill-wind that blows no one good.


I had said earlier on, once on this forum where i cant recall that the sack of Sanusi a Veteran Banker and the Imposition of Zenith Bank Ex MD. Emiefele Godwin is a big mistake. I have never liked Zenith bank cause of their wrong banking policy and ideology and i knew that a man such as godwin coming to the apex seat of the banking sector will pose a problem, but some nairalanders here called me an APC fanatic, i hope they can now learn as its happening. Lastly I see the naira being devalued to official rate of N220 by May 1st, as long as the CBN substitution of the naira allocations for dollar is not STOPED.

Mark my words the naira would be at a rate of N220 officially by May 1st.

I am Ymodulus


We need a Change
#SaiApc
#SaiBuhari/Osibanjo.

olas24u:
That harvard poo does not know anything there are many smarter Nigerians that can do wonders we need to sack that woman after GEJ is sacked

franciskaine:
ofcus, Okonjo Iweala will definitely go with GEJ. She is a failure. If this woman still collects her salary in US$, then she's certainly better off when you do the mathematics.

Ymodulus:
I believe the devaluation of the naira will lead to a chain of reactions, many of which may not have the intended results. For a largely monolithic-economy, like ours (Nigeria), the expectation that a devalued naira will drive export of local products, which do not exist in the required volume for now, will create additional burden on the populace. When you juxtapose the consequence of an inflation induced policy on an economy, nay the people who do not possess a corresponding purchasing power, by reason of unemployment, the consequences are better imagined than experienced.

No doubt there is the expectation that the government’s revenue, in terms of naira will move up, because of the wide exchange rate disparity between the dollar and the local currency. However, the point must be made that this expectation may be unrealisable of two variables- the falling oil prices and lower crude production aggregate.


You might say Ymodulus Is there any escape-route?

Certainly, but the question remains if Nigerians have been sufficiently sensitized to brace for this situation. In the developed nation’s when currencies are devalued, it is to encourage exports, because the prices of local products serve as an incentive and a toast for foreign buyers. In the process, they earn foreign exchange, increase production and create additional jobs. Unfortunately, that is not the position with Nigeria. Another issue would be that Nigeria will have greater difficulty in paying its external debts, which are on a growing trajectory. Earning less foreign exchange in the face of growing external debts, is an ill-wind that blows no one good.


I had said earlier on, once on this forum where i cant recall that the sack of Sanusi a Veteran Banker and the Imposition of Zenith Bank Ex MD. Emiefele Godwin is a big mistake. I have never liked Zenith bank cause of their wrong banking policy and ideology and i knew that a man such as godwin coming to the apex seat of the banking sector will pose a problem, but some nairalanders here called me an APC fanatic, i hope they can now learn as its happening. Lastly I see the naira being devalued to official rate of N220 by May 1st, as long as the CBN substitution of the naira allocations for dollar is not STOPED.

Mark my words the naira would be at a rate of N220 officially by May 1st.

I am Ymodulus


We need a Change
#SaiApc
#SaiBuhari/Osibanjo.

abdul4new:
Are you sure its not the other way round

adetwin:

Will APC now change dollar back to #100 if they will the presidential ticket? OR WHAT

jayplae:
My only question is this ................is Nigerian economy falling?
What went wrong?
Why is everything happening now?

alotofgrace:
The part I still can't understand, let alone explaining is this..... when oil was $139/barrel, the Naira never rose. Now the oil dropped and the Naira is falling as if a regressing rocket is attached to it

Charpell:

I know how you feel bro, but the truth is that it's nobody's fault. The devaluation of naira was inevitable because we run a mono economy system
It could have happened to any govt

halimaabi:
AGAIN ANOTHER APC PROPANGANDA THAT WOULD NOT HOLD STEAM.

adetwin:



Will APC now change dollar back to #100 if they will the presidential ticket? OR WHAT

olas24u:


The more you look the less you see many things dont add up in africa ,its manipulations

franciskaine:
ofcus, Okonjo Iweala will definitely go with GEJ. She is a failure. If this woman still collects her salary in US$, then she's certainly better off when you do the mathematics.

Ymodulus:


It's falling. And Jonathan does not want to accept this, he believes he has a super economist goddess called Ngozi Okonjo Iweala, without knowing she is a failure and disgrace.

She kept telling us the economy is doing fine even when we saw with our own eyes it wasn't.

That's the fact. There is a difference between theoretical Economics / Analysis from practical One.

alotofgrace:
The part I still can't understand, let alone explaining is this..... when oil was $139/barrel, the Naira never rose. Now the oil dropped and the Naira is falling as if a regressing rocket is attached to it

Ymodulus:
I believe the devaluation of the naira will lead to a chain of reactions, many of which may not have the intended results. For a largely monolithic-economy, like ours (Nigeria), the expectation that a devalued naira will drive export of local products, which do not exist in the required volume for now, will create additional burden on the populace. When you juxtapose the consequence of an inflation induced policy on an economy, nay the people who do not possess a corresponding purchasing power, by reason of unemployment, the consequences are better imagined than experienced.

No doubt there is the expectation that the government’s revenue, in terms of naira will move up, because of the wide exchange rate disparity between the dollar and the local currency. However, the point must be made that this expectation may be unrealisable of two variables- the falling oil prices and lower crude production aggregate.


You might say Ymodulus Is there any escape-route?

Certainly, but the question remains if Nigerians have been sufficiently sensitized to brace for this situation. In the developed nation’s when currencies are devalued, it is to encourage exports, because the prices of local products serve as an incentive and a toast for foreign buyers. In the process, they earn foreign exchange, increase production and create additional jobs. Unfortunately, that is not the position with Nigeria. Another issue would be that Nigeria will have greater difficulty in paying its external debts, which are on a growing trajectory. Earning less foreign exchange in the face of growing external debts, is an ill-wind that blows no one good.


I had said earlier on, once on this forum where i cant recall that the sack of Sanusi a Veteran Banker and the Imposition of Zenith Bank Ex MD. Emiefele Godwin is a big mistake. I have never liked Zenith bank cause of their wrong banking policy and ideology and i knew that a man such as godwin coming to the apex seat of the banking sector will pose a problem, but some nairalanders here called me an APC fanatic, i hope they can now learn as its happening. Lastly I see the naira being devalued to official rate of N220 by May 1st, as long as the CBN substitution of the naira allocations for dollar is not STOPED.

Mark my words the naira would be at a rate of N220 officially by May 1st.

I am Ymodulus


We need a Change
#SaiApc
#SaiBuhari/Osibanjo.

adetwin:



Will APC now change dollar back to #100 if they will the presidential ticket? OR WHAT