989900:


. . . further reason why 'janga.weed' is not for everybody.

Vig86:
Now, this is serious. So, the black market can make up to 5naira for every dollar sell. I don't understand again.

Firefire:


Buhary is super clueless, this I know.

rozayx5:



your right i always hold you in high esteem

jay2pee:
We have great economists in this country who can bring out policies to revive this country's economic dwindling, but the problem is that those at the top will not grant them the opportunity

RichYoungNigger:


5 naira ??
They buy $1 for 197 from CBN and they sell for 337.
Do the math and tell me how much profit they make from every $1 they sell

tuniski:
It is the effect of body language! Sai chanji sai dollar.

Firefire:


My brother, how can those mentioned states do well in the face of national economic recession?

Maybe you don't know, your brothers importing spare parts are not finding it funny at all, likewise all manufacturing industries who could not yet source their raw material locally.

I agree you and I did not support the 'NEPA bill certificate holder', but for the sake of our dear country, let us come to reason together on the way forward and offer constructive criticism in this aspect.

Or do you have another country ?

onatisi:
This is what buhari is going to do and it is just a matter of time.

https://www.nairaland.com/2321435/tinubus-solution-nigerias-economic-problems

raker300:
what's my business? Am I the one that voted in the nepa bill certificate holder?

Even his followers can't even call him on this yet you want people to pray for nigeria?..heaven helps those that help themselves

As far as anambra, Enugu, Abia, ebonyi are doing well, I am fine...Nothing concerns me with nigerians.

Vig86:

According to the new development, they do not buy from the CBN again. May be banks still sell to them.
I am talking about how they buy from individual and how much they sell. They make up to 3 to 5naira in each dollar transaction. I know very well that banks prefer selling to black marketers to their customers because the customers would want an official price and the black marketers won't mind, since they will surely double their gain.

MathsChic:
Yet someone was saying 1000ngn to $1 is not a possibility. Na surprise e go be last last
I give this country 5 more years with its continued economic sluggishness and we'll be exchanging the dollar for slightly more than 1000ngn. By then, the country will be profusely begging to devaluate.

kahal29:


See my brother "my people" will find a way to bring it in and people will even pay double to buy them. It's a psychological thing and until that orientation is changed we are going nowhere. Am also part of the problem cause I also default in some areas (ie taste for foreign made goods). Take the case of imported leather seat's.... This things are produced here and with 200k and above you can get a good one but you see our people complaining about the finishing, saying the sowing its not good, its not neat and the rest of them and prefer to buy a those foreign made ones that cost as much1.5 and 2.8 million thereby exporting jobs to those countries that produce them and in turn importing Unemployment and exchange rate crises into our country. However if we patronise these locally produced ones with time they will improve on the sowing and finishing and also their market size, sales and revenue base will also increase leading to more jobs and even exporting to those other countries we were previously importing from.

lastpage:


When you have too many EVIL SABOTEURS like the one above, in a country, expect things to get worse, before it can get better.

But the good thing is, the IPADs are only "cutting-off their own very nose, just to spite their faces"!

Wetin concern me with exchange rate, if e like, make e be #1000/$, l will still buy and sell it, whenever l need it!

"If and when we pound yam ...on a LEAF and cook stew ...on a Nut's SKIN, those who will be filled, ....will be filled" - Yoruba adage (translated literally)



Lastpage!

babydioku:
Let the military take over and save this country before its too late.

lastpage:


When you have too many EVIL SABOTEURS like the one above, in a country, expect things to get worse, before it can get better.

But the good thing is, the IPADs are only "cutting-off their own very nose, just to spite their faces"!

Wetin concern me with exchange rate, if e like, make e be #1000/$, l will still buy and sell it, whenever l need it!

"If and when we pound yam ...on a LEAF and cook stew ...on a Nut's SKIN, those who will be filled, ....will be filled" - Yoruba adage (translated literally)



Lastpage!

jay2pee:
We have great economists in this country who can bring out policies to revive this country's economic dwindling, but the problem is that those at the top will not grant them the opportunity

Bevista:


---
For the records, I still believe that the appropriate course of action for the CBN is to devalue, but it is not silver bullet and I am fully aware that it's a catch-22 situation. [size=14pt]There will be a myriad of unintended consequences like organized labour embarking on industrial action and calling for wage review due to the impact of devaluation on REAL wage.[/size]
---
The most effective course of action for the country is massive import Substitution programmes. There should be massive reorientation to encourage corporates and individuals to source alternative items locally. When next you are buying a car or laptop, maybe you should consider Innoson and Zinox. In the meantime, we can pray for temporary respite in oil prices to increase supply of dollars.