₦airaland Forum

Princecalm:
you are just so good in describing GED and his likes. Exactly what Ged has done to this nation.

ayindejimmy:
Is there no difference between a quotation and a paraphrase? Give me a quotation of Buhari on the topic of this tread or just have ur seat.
When Gej said, 'stealing is not corruption. ' he was quoted verbatim. Now give me the exact link quoting Buhari of this exact comment on making the value of Naira equal to Dollar

ChokolateBoss:
70-80%? Me thinks that's patronizing. 98% of nairalanders are brain-dead goats who only know how to spew balderdash.

Its a cool evening and I'm in the mood for a bet. I hereby make a challenge to anyone who can quote Buhari verbatim as saying HE WILL MAKE THE NAIRA EQUAL IN VALUE TO THE DOLLAR.
I also challenge anyone here to quote Buhari verbatim as saying HE WILL STABILIZE THE GLOBAL/INTERNATIONAL PRICE OF CRUDE OIL.
If u do, I'm gonna pay N10k into ur account and tender my apology here on nairaland. U're gonna put ur account number on nairaland here and if by tomorrow u do not receive an alert, then I'm the worst slowpoke to ever exist on planet earth. However, if u accept the challenge and quote me, but cannot offer incontrovertible proof, then u'll pay N10k into my account. Deal?
Since a lot of u nice 'brilliant' folks here are 100% sure that Buhari made those statements, then why not accept my challenge and make free N10k? All u need to do is quote Buhari (which won't take more than 4 or 5 lines) and the N10k is urs.
Now, if none of u who has been making brouhahas about GMB's statement accepts this challenge, then y'all are imbecilic weaklings and should bury ur brainless heads in shame. But me thinks u can't be that brainless, so someone pls prove me wrong. Somebody quote me oooooooo

PapaBrowne:
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!!

bondingman:
One can't shout 'corruption cease' and it stops!
You can't even unlawfully/lawfully lock up some corrupt official and it ceases.
This is democracy n the courts can set free a corrupt guilty official.
Strengthening our institutions is a way of checking corruption/stealing
Jonathan had done it in IPPS, e-wallet fertilizer/seed distribution etc, he's tackling them one at a time.

bondingman:
Redenomination if it's done, the naira will be strengthened against the dollar, but it would n't take long before the naira begins to fall against the dollar to its pre-redenomination value inasmuch as we only depend on crude oil as our source of foreign exchange in d country; when oil price falls, that new naira will fall.

Timoleon:
gud morning.

demandtruth:
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

lastpage:
I would have loved to do a detailed analysis of your post but its late in the night for me, but l will summarize.

Dont know how old you are but l can tell you that l was old enough to handle a Dollar, when the Naira was EQUAL to the Dollar..... and our reserve was not anywhere a TRILLION, not even a Billion Dollars, back then.
Check the exchange rate in the early 70's and confirm my point.
Back then, Nigeria was exporting a lot of Cocoa, ground nut, Palm Oil, Rubber, e.t.c

It was done then, it can be done now... Period!

2.) To say a very strong naira is not good for Nigeria, to justify the worse-than-Zimbabwean "Naira' we are spending today, is not doing "full justice" to economics!
I wont go on a long analysis of Dangote or Ibekwe but let us just "invert" your statement and see how it pans out.

Can we say "A very strong Dollar is NOT GOOD for America"?.....
.....and despite at almost #240 => Dollar, has it stopped Nigerians from importing from America (most of our imported cars are from there, just to mention one item) or scrambling to buy the Dollar?
More importantly, has it STOPPED America from exporting its products all over the world, especially to Nigeria?
Answer is obviously NO!

Finally, as educated people, we must refrain from espousing what l will call "half knowledge", deliberately or otherwise, especially when doling out "economic precepts". Our analysis has to be "balanced" and reflected on all possibilities.

Let me make bold to say that what YOU THINK may be LOST from a "strong local currency" can be, .....and IS actually NEGATED by the following:

a.) Superior Products (which are always in demand, irrespective of higher prices)

b) Reputation (E.g, America has a "reputation" for "full options" vehicles thus, despite the additional cost, people will rather inport an "American Spec", than one from japan or Europe.

c.) Strong Local Market (Countries with Big population which has "HIGH PURCHASING POWER" can still take advantage of their strong currencies without much negative effect as MOST products from their Factories get consumed locally)

4.) Selective Production (This is similar to (a) above but here, emphasis is on producing goods that are either termed "luxury" or very 'high-tech" and or "uncommon" e.h high class armaments, expensive cars that gets Russians buying , e.t.c.

Bottom line: A Strong currency is NOT a disadvantage to a nation or its export (as you asserted) ...... if you have the right people managing the "MIX" of Economic policies!

I understand that such economic "management" is beyond a "I know Nothing" President or his thieving cohorts, more so in a Nigeria where the leaders stiLl dont recognize the fact that calling you "economic giant of Africa or ranking you #1 on some utopian index" MEANS NADDA, IF YOU CANT EVEN POWER YOUR HOMES OR FACTORIES FOR AT LEAST 12HRS IN A DAY!

We have been trying to do two things since the days of Shagari, without success!

1) Convince foreign INVESTORS that Nigeria is 'the country' to invest. Except for a few "crooked" investors who themselves are only here to scam our system, with the collusion of their local crooks, l have not seen any serious investors in Nigeria, for decades! Some are doing what is called "window-dressing", being around "on paper" .... just in-case something crops up

2.) Export Promotion by keeping a weak currency: This one is a no-brainer! What do we really produce in this country, that is "competitively" worth exporting, ..............using Generator and Diesel as the source of industrial power?

Please, our leaders should stop scamming the populace!
It will not happen, not with Buhari, certainly never with GEJ......unless power becomes at least 80% stable.

Lastpage!

Sibrah:
the only thing 'stupider' than the buhari statement is this demonic analogy of yours. Guy did you use you soul for fixed deposit?

DECOtech:
Can you imagine such an illiterate. comment.

Its the illiterate ones that would believe that and vote for him

that's it right there.

manny4life:
Show me where Prof said it, not a blog where the writer assumed the Prof said it. Prof usually hints his ideas, facts, figures and what not in his writing, articles, or even, in his book. Please bring forward a press release pre and post CBN where he said such. Till then, STOP regurgitating that link.

fallout87:
What he said is the height of stupidity. Now that is being clueless. I just shake my head at such nonsense

nationwide1:
This oga don come again. That's how he said he would stabilize oil price. How did he say he would do this one?

dearpreye:
He has started again oooo.....He's yet to tell us how intends to unilaterally stabilize global oil prices.

bondingman:
That's what happens when a semiliterate handles d mic
From stabilizing oil prize to this

Splashme:
[size=15pt][b]Illiteracy is a disease. This man is a joke. Buhari is better off caring for his cows in Daura, I swear.
Previously, he claimed he would stabilise oil prices. Now, he would make the naira equals a dollar.

Mogidi:
Here comes Buhari again.

babyosisi:
Looks like senile dementia has fully set in
He seems to be blabbing without thinking

missionmex:
Kai! Certificate good o.

manny4life:
You mean the same way he said he will stabilize oil prizes?

Defcon1:
I will stabilize oil prices and make the naira equal to the dollar-Buhari
Nigerian politicians and their ridiculous promises .

manny4life:
I swear... Dude took foolishness to a whole new level. I pity him, even APC supporters aren't on here defending as usual.

refreshrate:
Guy how could you forget to include whilst stabilizing the global falling of crude price! Im even sure he can do all this within 30 seconds of (in his mind) assuming power!
*calling this guy dumb would be a huge disrespect & insult to dumb people i swear.*

macfarland:
Pa Buhari is on it again .
This time around he said..................
I’ll make Naira equal in value to dollar, says Pa Buhari .

Mistermamus:
Abeg diz old man shuld stfu!

agabaI23:
The same grade as "I stabilize global oil price"

fallout87:
It is no wonder they believe him when he says he will stabilize oil prices as if he has the external influence to do so.

egobetatoday:
You need not be surprised.
He got an F9 in Economics in Waec.
What then do you expect?

hijodedios:
What an insult,what does this man take nigerians for? why didnt he come to the presidential debate and tell us all how he intends doing that,abeg make saturday come so we can close this mans chapter for real.

saintendurance:
You are deceiving yourself,Buhari.

ChokolateBoss:
...hereby make a challenge to anyone who can quote Buhari verbatim as saying HE WILL MAKE THE NAIRA EQUAL IN VALUE TO THE DOLLAR.
I also challenge anyone here to quote Buhari verbatim as saying HE WILL STABILIZE THE GLOBAL/INTERNATIONAL PRICE OF CRUDE OIL.
If u do, I'm gonna pay N10k into ur account and tender my apology here on nairaland. U're gonna put ur account number on nairaland here and if by tomorrow u do not receive an alert, then I'm the worst slowpoke to ever exist on planet earth. However, if u accept the challenge and quote me, but cannot offer incontrovertible proof, then u'll pay N10k into my account. Deal?

ChokolateBoss:
At least one of u should back up ur claims by quoting GMB and get N10k now now. Y'all seem 2 be very sure. Just accept d challenge na.

















Yea it is. Its a pity urs is useless (that is if u got one) since u can't read and process a simple passage.























In case u didn't see d bet, this is it:
.

I put up that challenge since yesterday and up till now, no one has tried 2 claim d easy 10k.

egobetatoday:
thats because we are much more than your 10k. if he didnt say that he should have come out to deny or put things straight all this while. if he/you is/are looking for some1 to do dat for him then i must say u are on a long thing.

not every1 in nigeria is moved when 100k is dangled let alone 10k.

ChokolateBoss:
Talk is cheap. Are u accepting d challenge or not? All u need do is quote GMB verbatim which will take maybe 2, 3 lines. Then collect 10k and buy urself some suya n chilled orijin . If however u accept d challenge but can't offer d proof from the interview or campaign speech, then pay d 10k to me. After all, ordinary 10k no fit shake a whole boss like u.
Much more bigger than d 10k? I agree. Every human being is bigger than 10k. Heck! Even my Rotweiler is bigger than 10k.
Everyone can run their mouth and engage in campaigns of calumny but not everyone can offer indisputable facts to back it up. Nigerians are no different from d dubious iddiots who rule over them. That's d lesson u shud learn. Now run along boy. If u aint accepting d challenge, pls STFU and don't mention me again.

ChokolateBoss:
Talk is cheap. Are u accepting d challenge or not? All u need do is quote GMB verbatim which will take maybe 2, 3 lines. Then collect 10k and buy urself some suya n chilled orijin . If however u accept d challenge but can't offer d proof from the interview or campaign speech, then pay d 10k to me. After all, ordinary 10k no fit shake a whole boss like u.
Much more bigger than d 10k? I agree. Every human being is bigger than 10k. Heck! Even my Rotweiler is bigger than 10k.
Everyone can run their mouth and engage in campaigns of calumny but not everyone can offer indisputable facts to back it up. Nigerians are no different from d dubious iddiots who rule over them. That's d lesson u shud learn. Now run along boy. If u aint accepting d challenge, pls STFU and don't mention me again.

ChokolateBoss:
At least one of u should back up ur claims by quoting GMB and get N10k now now. Y'all seem 2 be very sure. Just accept d challenge na.

Youre correct oya please put your account details here

















Yea it is. Its a pity urs is useless (that is if u got one) since u can't read and process a simple passage.























In case u didn't see d bet, this is it:
.

I put up that challenge since yesterday and up till now, no one has tried 2 claim d easy 10k.

egobetatoday:
thats because we are much more than your 10k. if he didnt say that he should have come out to deny or put things straight all this while. if he/you is/are looking for some1 to do dat for him then i must say u are on a long thing.

not every1 in nigeria is moved when 100k is dangled let alone 10k.

ChokolateBoss:
u and GMB who worse pass now?
So if this was a comprehension passage in a job aptitude test and u were asked to quote GMB on his statement, this is what u would offer as answer? Don't u know the difference between an actual quote and a reported speech?
Oya go and find SS2 or SS3 Intensive English Reader and read it again. U even have the guts to call others illiterates
Who's the illiterate now?

bondingman:
hey, be careful
Some APC goon could believe you

DECOtech:
Honestly, I don't know what you are defending or even why you are defending whatever you think needs to be defended.

egobetatoday:
guy, u mentioned me first. u must have a short memory.

i hope all these your rantings will save your Buhari come saturday?

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

Splashme:
[size=15pt]Illiteracy is a disease. This man is a joke. Buhari is better off caring for his cows in Daura, I swear.

Previously, he claimed he would stabilise oil prices. Now, he would make the naira equals a dollar.

No wonder APC hawks are shielding him from debate.[/size]

ChokolateBoss:
Ogbeni leave all those talk and address the issue. U can't read and process info and u're so easily hoodwinked by propaganda yet u call others illiterates. Mtcheeew

RealBarney:
evidence of excess weed.Na go you dey so

ChokolateBoss:
My Buhari? Lol. Election day na films I wan watch.
Well, ur replies are not far from what I expected. Beating around d bush but scared 2 address d issue head-on. Most of u dogmatic partisans, from d topmost echelons down 2 d least jingo, are brain-dead and got notin 2 offer Nigeria. All u do is engage in campaigns of calumny and double-standards. Do u kw y PDP n APC will continue 2 fabricate lies against demselvs? Cos they kw u guys are daft and will fall 4 it. I pity d youths more. They are like animals dancing 2 their slaughter.
Do u know y no one can offer any proof of Buhari's alleged statements? Cos they've google-searched and searched but can't find it. I doubt if 10% of those spreading d hogwash have even watched d campaign or interview video. Bunch of iddiots.