blazes4:


Why did it fail in Ghana When you analyze situations you dont jump into conclusions... Atleast Ghana celebrated 1 whole year of stable electricity. we have never done that...

What Ghana celebrated one whole year of stable electricity?
When please........when there is 'dumsor' everywhere.....
Nigerians are good at peddling gossips about what is happening in other folks homesteads... whilst they are perpetually blinded to seeing what is happening in front of them in their homes....
Abeg tell us another fable.....
This is why they hate Nigerians overseas....
And please ask 'goggle' wetin 'dumsor' be

nduchucks:


Oga, if only 10% of the stolen and looted funds (conservatively $105billion/yr) by the usual thieves, remains in Nigeria, the economy will be just fine.

Please stop saying what you don't know.
The major source of foreign exchange funds to Nigeria is crude oil.
We produce about 2.4 million barrels/day
That translates approximately to 876 million barrels/year.
At $50 /barrel, gives us 43,800 million dollars /year. (50x876m)
Oil production companies take 43% of the oil revenue - 43% x43,800 m=
$18,834 million taken by oil companies.
Nigeria govt gets: 43,800m-18,834m = $24,966 million
i.e $24.966 billion/year

Now that's what runs the government; salaries etc
Where did Nigeria get up to $105billion/year let alone stealing it?

toshmann:


Faaaaaaaaake nwanne m oo
Longest time

Nna meen where you go hide. Person no see your brake light. Thank God for the guy wee wan make naira = $

dollarlander:


Because you are too theoretical in your approach to life can't make you see possibly in things people think impossible.

Your uncle is talking here. Don't allow the small money in your pocket puff you up, you may not have it tomorrow. Adult.

All this nonsense you post and not one thing about the topic? Not one thing to support how Buhari can do this? You start your nonsense by attacking me but now that I respond you can't take it?

A beg shut up and sit down if you can't contribute anything intelligent

youngwolf:
Someone told me earlier this upcoming election is like an ethnic struggle here in Nigeria. What i have read so far on this thread has confirmed that. Common? see people making comments, conclusions on this report...short and twisted, but did not even bother to notice that the topic of the report and its contents dont match. sentiments, hatred, bigotry everywhere. When will we stop this?

Pls my bro go back and read the content well. I just did again and again..... When someone says I will make the naira equal to a dollar in value what does that mean. I bet you were looking for where he would say I would make 1naira to be equal to 1 dollar? this is just saying the same thing

bondingman:

Please stop saying what you don't know.
The major source of foreign exchange funds to Nigeria is crude oil.
We produce about 2.4 million barrels/day
That translates approximately to 876 million barrels/year.
At $50 /barrel, gives us 43,800 million dollars /year. (50x876m)
Oil production companies take 43% of the oil revenue - 43% x43,800 m=
$18,834 million taken by oil companies.
Nigeria govt gets: 43,800m-18,834m = $24,966 million
i.e $24.966 billion/year

Now that's what runs the government; salaries etc
Where did Nigeria get up to $105billion/year let alone stealing it?

Very intelligent analysis! And they say GEj supporters are clueless?

bondingman:

Please stop saying what you don't know.
The major source of foreign exchange funds to Nigeria is crude oil.
We produce about 2.4 million barrels/day
That translates approximately to 876 million barrels/year.
At $50 /barrel, gives us 43,800 million dollars /year. (50x876m)
Oil production companies take 43% of the oil revenue - 43% x43,800 m=
$18,834 million taken by oil companies.
Nigeria govt gets: 43,800m-18,834m = $24,966 million
i.e $24.966 billion/year

Now that's what runs the government; salaries etc
Where did Nigeria get up to $105billion/year let alone stealing it?

He got it from where Ssnusi got his $50 billion
He got it from his .....

Nduchuks no like oga Jona at all

Binb:
What is the fuss about? Was the naira not stronger than the dollar before?

That was when naira was newly introduced (born), it was arbitrarily fixed just as any nation would fix d exchange of its new currency.
Its with time-economics of d nation, that the currency will gradually take its real value.
Today naira has taken its value n until we diversify our economy from crude oil, anytime crude prices fall, naira falls- there's no going round it.

bdidi:


Pls my bro go back and read the content well. I just did again and again..... When someone says I will make the naira equal to a dollar in value what does that mean. I bet you were looking for where he would say I would make 1naira to be equal to 1 dollar? this is just saying the same thing

You read the opinion

Go back and read again
this time slowly

then come back and write this again

try to differentiate between what the writer said
and what Buhari is quoted to have said

bondingman:

Please stop saying what you don't know.
The major source of foreign exchange funds to Nigeria is crude oil.
We produce about 2.4 million barrels/day
That translates approximately to 876 million barrels/year.
At $50 /barrel, gives us 43,800 million dollars /year. (50x876m)
Oil production companies take 43% of the oil revenue - 43% x43,800 m=
$18,834 million taken by oil companies.
Nigeria govt gets: 43,800m-18,834m = $24,966 million
i.e $24.966 billion/year

Now that's what runs the government; salaries etc
Where did Nigeria get up to $105billion/year let alone stealing it?

Too many slow folks dey for hia. We are talking about how to significantly reduce looting and abject corruption in Nigeria and dis one dey perform fuzzy arithmetic. abeg go siddon somewhere.

KAI THIS MAN KWUNUHARI NA ANIBASA/ ONION TRADER ,WHAT QUALIFICATION DOES THIS ALAMAJARI HAVE SEF? TO BE NIGERIA PRESIDENT HIAA OH.

nduchucks:


Too many slow folks dey for hia. We are talking about how to significantly reduce looting and abject corruption in Nigeria and dis one dey perform fuzzy arithmetic. abeg go siddon somewhere.

The looting that had been going on in the civil service salary payment( for years now every month millions were looted; paid to few individuals) GEJ stopped it without much ado with IPPS.
In the agricultural sector through e-wallet fertilizer/seed distribution, he stopped looting in that sector.
He uncovered d looting that was perpetuated in d fuel subsidy payment.
He's fought corruption more than any past government.
Tell the Judiciary to do their work of convicting does charged if foungpd guilty;you don't expect him to interfere with the judiciary.

nduchucks:


Too many slow folks dey for hia. We are talking about how to significantly reduce looting and abject corruption in Nigeria and dis one dey perform fuzzy arithmetic. abeg go siddon somewhere.

He thinks that oil revenue is the only avenue available
to government.

They argue on what they have limited understanding of.

He's not aware of taxes and other sources of revenue
even claiming it's the oil revenue only that's spent on government expenses.

May God save this country ooo

blazes4:


Well as soludo put it then he said they are all making a wish list... In a Nigerian campaign you dont give full details and actually the statement he made is consistent with the ideals of the party... I see APC as a progressive socialist party. a lot of welfarism is in their manifesto... stipend here and there... revalueing the naira is in line with these policies as we wont have to save up much to buy the gadgets we love and need... They just want to ease our lives while they clinically grow our economy and export abilities... as opposed to slamming a 70% duty on tokunbo cars because you want to encourage local production when those who would produce are still complaining that they cant produce cos no stable electricity... PDP dont just care if the masses blead to death before their transformation is complete...

What has Buhari achieved as a man in the last 29 years that gives you the faith and belief that he would be a great agent of change if elected? Academically, he is zero. He's not disciplined as he claims. "Hot-headedness" is not the same as ability. He has shown a lot of partiality and stupidity in the past. He jailed Ekwueme the VP and allowed the president, Shagari to walk away free. It is like jailing sambo and allowing Jona to go free. Think about it. For what crime did he jail Ojukwu? What was papa Awo's crime? Why did he cancel the Lagos Metro Rail Line? Why did most southern politicians bag long jail terms, even upto 200 years while most of the northern politicians escaped?

There's so much wrong with Buhari. I wonder how you could justify making a man who once thwarted our democracy, the elected president of FRN. Does it not beat common sense to argue that in a country of over 170m people, that a 72 year old, semi-literate, senile grandpa is the one and only man that can move us forward? He couldn't do it for himself in 29 years, so how is he gonna do it for over 170m people and for the future generation?

As patriotic as Buhari claims to be, he served under Abacha and later claim that Abacha was a saint. In truth, even today, we are still discovering and recovering some of Abacha's loots. This same general refused to appear before Oputa panel. He has refused to tender his academic qualifications with his presidential application. He even committed perjury by lying under oath. It is only in a country like Nigeria will someone without any atom of respect for democracy and the electorate like Buhari, be dreaming of benefitting from the same institution that he so loathed.

Buhari is being used by Tinubu to achieve his political master plan at the national level. Osinbajo is just a little above Tinubu's servants. He's Tinubu's boi boi. Buhari is highly incapacitated by age, lacks any sound ideology, financially unstable, and the list can go on and on. His choice as a presidential candidate by APC, is based on the perceived popularity of Buhari as an ethnic and religious champion.

Buhari is just a medium for Tinubu to swim to the next level in Nigerian political murky waters. He's under the control of his pay masters. Everywhere in the world, America inclusive, there are the financiers of every campaign. They go into deals to make their money available. Buhari is honour bound to fulfill the terms of the agreement reached with Tinubu, Amaechi and every other stakeholder. His hands are tied. Obama's hands are tied. Jonas hands are tied. It's normal.

A good politician finds a way to balance his duty to the masses, as well as honour agreements reached with some power brokers. We seem to believe or think that Buhari can shout today and Tinubu, Amaechi, Fashola, Rochas and co, will hide under the table. It doesn't work like that. Obasanjo couldn't do anything to those who sponsored him for the same reason.


So quit thinking that Buhari is incorruptible. He's not. Instead, he is incorrigible. He is set in his ways. There's nothing like a converted democrat. Buhari doesn't have the mental capacity to differentiate between what's good, bad, right or wrong. He's just a vagabond by nature. Die hard egghead.

You now see why Buhari did not want to debate in the first place. He is illiterate, stark!

Princecalm:
This is someone that understands the economy speaking and not the clueless one who keeps Naira unstable.

How do you think?

chibas:
u guys should think, we can't continue this way,diversify the economy and let us stop the importation of rice and fish because we have the capacity to produce and also get the refinery working and see as the naira will appreciate to let say 1dollar=115naira.

Diversification of economy is not done at an instant, GEJ is doing it, this past christmas season prices of food stuff didn't go high as before because we're improving in d agricultural sector.
Once the increased power generated is transmitted n distributed for consumption, tnw enabling environment will be created for investors/industries to come in and the diversification is on course. GEJ is doing it, if past leaders had done what he's now doing he would have consolidated on their achievements and moved forward.

fallout87:


All this nonsense you post and not one thing about the topic? Not one thing to support how Buhari can do this? You start your nonsense by attacking me but now that I respond you can't take it?

A beg shut up and sit down if you can't contribute anything intelligent

So you joined Nairaland this year January, because you think you have something intellectual to contribute in this forum. Your aim is to have platform to attack buhari who ruled Nigeria when you were never born and whose intention is to help build you a nation void of corruption so that for ones you can live as a human being in a place you call your country.

A 13 year old boy came to me, he said daddy please help me vote buhari, I said can you convince me 5 reasons why I should vote buhari he said he did not know there was a man who is capable of putting all these big men, who are stealing Nigeria money, in prison and collect all our stolen wealth from them. I was short of words.

If a 13 years old boy, who wasn't born in the 80's when 1$ was 1.44 naira could reason that way how much more you that is an adult should have reasoned provided you are in your right senses.

Buhari has his facts to propel naira back to where it was before corruption was legalised in Nigeria.

All he needs to do is to make war against corrupt people like you. Collect all the billions of dollars you have stolen and place them back in reserve. If this is done within one year alone, you won't believe where naira value will be.

Then restructure economy from hyper dependence on oil and stop exporting crude oil and importing refined products.

Assuming that you are a normal human being, a normal Nigerian who desire to live like a king in his own country. At least I lived before 80s and I know what it is to live when things are good. You will support agenda that diversifies economy and reenergise all sectors of economy for growth.

The shale oil in America will kill many economies around the world who depend on oil to survive. The oil money will continue to fall and American dollar will continue to be stronger because they are self sufficient in the area of oil.

Nigeria naira will continue to depreciate as long as we cannot refine our oil and distribute ourselves which cannot be sufficient for our local consumption because of our local demand

Bros, don't allow politicians who lived before you give you inverted stories that will continue to deplete your life as a Nigeria citizen. You can live better than this if you have a leader with the right focus like buhari.

I'm waiting for your reply. I dey house for you this morning.

demandtruth:


He thinks that oil revenue is the only avenue available
to government.

They argue on what they have limited understanding of.

He's not aware of taxes and other sources of revenue
even claiming it's the oil revenue only that's spent on government expenses.

May God save this country ooo

How much does taxes n other sources of revenue add, u can simply look at d Nigerian budget to see the difference from what oil generates other sources expectedly will bring less than $6b

wakacome:
[b]In the land of "Jon" located at the city of "athan"so much people suffered from a disease called "corr"which broke out from the river called river "uption"this disease killed so many people living in that city but their king called king "stea"L of the "ing"kingdom do not even know what to do but he had to consult a friend of his who is also a king of another city called "clue"from the tribes of "less",he told his friend the problem he is facing in his own city and his friend told him that they should consult the gods of "bu"in the "hari"shrine ,"bu"revealed to them that they can stop the disease of"corr"which was caused by river"uption" he said they need to perform a sacrifice of "dis"to the tribes of "ci" in lake "pline","bu"also revealed to them that they should consult a spiritual priest named "inte"who hails from the city of "grity"he said the priest is the one to do the rituals, the king obeyed the instructions and there after all the people of the land of "jon"in the city of "athan finally"got saved after "Bu"of the greatest "hari"answered their prayers,...everyone in that city was happy that they were saved from the disease of "corr"caused by the river "uption"...so that was how the people of the city of "athan"choosed the gods of "Bu"and decided to worship at the "hari"shrine so that they can continue to have a better life,even the king worshipped "bu"of the "hari"kingdom and begged him to take control of the city so that they can continue to live a very better life.....





Wakacome[/b]

dust

[quote author=PapaBrowne post=31930454]

Are you serious Your speech just gave you off as someone who lacks complete understanding of Economics>



Illiteracy no be moi moi oh!! Ha! So if someone tells you he will equate the value to the dollar you would just swallow it hook line and sinker??
What were you doing when others were attending Economics class??

For the Naira to be equal to the dollar, you would need to see our dollar reserve rate go to something like a trillion dollars!! Even with 20 years of 20% economic growth rate, we would probably not be there!!


Now the bigger lesson for you is that a very strong Naira is not good for our country especially if you want to produce goods and export competitively..
Now let me explain that to you:
A bag of Dangote cement sells for 1500 Naira.
When the dollar was 160 Naira, that bag of cement was equal to $9.
At the new rate of 215 Naira, that same bag of cement is now equal to $7.
That means if Dangote wants to sell his cement in Albania, he has a better price point than he would have had 5 months ago.

Now imagine the Naira is exchanging at 5 Naira to a dollar.
That same bag of cement would now be equal to $300. Where on planet earth would he be able to sell his bag of cement at that price??

Any country that desires to produce and export to the rest of the globe, prays for a weaker currency to allow its goods better pricing amongst competitors. If Buhari understands economics, he will never pray for a very strong Naira except of course he wants us to keep importing everything!
Guy, you still need to see your economics teacher for more tutoring, cos you got it a bit twisted. To increase the value of your currency, the major thing required is to increase your foreign exchange earnings. In other words, increase export and reduce import.

Omooba77:
Owerri – The All Progressives Congress (APC) presidential candidate, Gen. Muhammadu Buhari, on Monday said he would ensure that the Naira was equal to the dollar in value, if voted into office.
Buhari stated this during the South-East presidential rally of the party at Dan Anyima 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.

Earlier, Gov Rochas Okorocha had urged APC supporters to vote for the party’s candidates at all levels, noting that a vote for Buhari without support to others at the state would amount to nothing.
Okorocha said Buhari would address the problem of electricity, bring back the kidnapped Chibok girls and promote industrial growth.

He said that Buhari was loved by the people in the region and urged them to elect him and other APC candidates during the March 28 and April 11 general elections.

Former governor of Anambra, Mr Chinwoke Mbadinuju and former Minister of Education, Chinwe Obaji, were formally welcomed to the APC at the rally.

The rally was attended by APC supporters from Abia, Ebonyi, Anambra, Enugu and Imo. (NAN)


http://www.vanguardngr.com/2015/03/ill-make-naira-equal-in-value-to-dollar-says-buhari/#sthash.eALwzZ4V.dpuf

Bro, U aren't far from a president who did that not long ago in a bid to promote his country's economy, lost his life and now d country are going extra bankrupt again. At least promise that U will make Naira valuable again not complicate issue. Wen Soludo brother up d idea, he was slammed and now Naira is extra devalued coz of some very selfish people esp ya northern rich business moguls and politicians who didn't want it that way. Equate naira to dollar norni!

[quote author=PapaBrowne post=31930454]

Are you serious Your speech just gave you off as someone who lacks complete understanding of Economics>



Illiteracy no be moi moi oh!! Ha! So if someone tells you he will equate the value to the dollar you would just swallow it hook line and sinker??
What were you doing when others were attending Economics class??

For the Naira to be equal to the dollar, you would need to see our dollar reserve rate go to something like a trillion dollars!! Even with 20 years of 20% economic growth rate, we would probably not be there!!


Now the bigger lesson for you is that a very strong Naira is not good for our country especially if you want to produce goods and export competitively..
Now let me explain that to you:
A bag of Dangote cement sells for 1500 Naira.
When the dollar was 160 Naira, that bag of cement was equal to $9.
At the new rate of 215 Naira, that same bag of cement is now equal to $7.
That means if Dangote wants to sell his cement in Albania, he has a better price point than he would have had 5 months ago.

Now imagine the Naira is exchanging at 5 Naira to a dollar.
That same bag of cement would now be equal to $300. Where on planet earth would he be able to sell his bag of cement at that price??

Any country that desires to produce and export to the rest of the globe, prays for a weaker currency to allow its goods better pricing amongst competitors. If Buhari understands economics, he will never pray for a very strong Naira except of course he wants us to keep importing everything!
Guy, you still need to see your economics teacher for more tutoring, cos you got it a bit twisted. To increase the value of your currency, the major thing required is to increase your foreign exchange earnings. In other words, increase export and reduce import..

Ode!

Princecalm:
can you compare Nigeria's population to that of China?

bondingman:

How much does taxes n other sources of revenue add, u can simply look at d Nigerian budget to see the difference from what oil generates other sources expectedly will bring less than $6b

Hmmm
You wrote this

Really, Nigeria needs prayer

HINT
I'll help you a little

2012 tax revenue was N5 trillion

Please, read your books
You are part of Nigeria tomorrow (future)

This election will come and go

Separate your emotion from facts

Another silly comment from the semi-literate "general".
It is better to keep silent and people consider you a fool than to talk and remove all doubts.

many are mad but few are roaming the streets...Buhari is still roaming...STRAITJACKET SUPPLIES!!!

All the thing way he dey san na wash oo. Don't be deceived by their mere talk GEJ will do much better than all dis fakers.

blazes4:
lol... japan and china are export driven countries so they would not want to achieve this. part of the reasons why china's products are cheap is because of the value of their currency. nigeria is an importing nation and stable naira is what we need. although it's not so feasible to achieve equality but the naira can be revalued and made stable.

In d simplest terms how can it be made stable?

Taa!!! Buhari nwam, mechie onu (close ur mouth) . As an Economist, what u are saying is almost impossible!!! You obviously don't know what u are saying. I blame the incompetent Nigeria for allowing you to be in this election race. See how u disgracing Nigeria with ur stupid utterances. Smart guys like me that were supporting u will now see that u have got nothing upstairs.

Princecalm:
This is someone that understands the economy speaking and not the clueless one who keeps Naira unstable.

Why would u fall for such cheap politics?? Buhari cannot do squat... The same lies theyve been using from time immemorial
If u be woman, your syuff go don wide gannnnn.... Because dem go dey knack u everyday with cheap obvious lies

fallout87:
That is one of the stupidest utterances in this election if it is true.

Does this Buhari not understand inflation? He obviously doesn't understand a thing about GDP or the economy...

Are you sure your utterance is not stupid? Did you read the article?
That's why it's easy for some buffoons to make people like you buy the useless fairy tale of blood of monkey and baboons. Pity.
Better go back and read the useless vanguard story before commenting.