Boss13:


Still the same amount because it is produced locally except the bailey which is imported, but I guess it can be sourced via the CBN official rate.

adipemcanis1:


To be honest...it isn't PMB or PYO's fault.

Because of falling oil prices....we do not have the dollars to back up the naira.Hence the fall in the value of the naira.

What this govt is doing right now...is getting as much dollars as possible (Hence the war on corruption, and the banning of importation of certain items).

And yes...GEJ should have saved dollars. But if he had....we would still be in the same situation...only this time it would be next year.

The era of cheap money is over. You and your fellow naira and dollar eaters better get to work.

myners007:
Jona and Ngozi, Pls come back and help Nigerians out of this messy economic situation

TeOwl:
This is what happens when a currency is 90% dependent on a commodity item like crude oil.

Victoriousvic:
There was a country.

Emekamex:
->The naira is facing serious troubles because we don't have enough exports to bring in forex.
->The present govt started poorly by delaying the appointments of ministers till September, thereby not giving them enough time to prepare a budget of diversification.
->This also gave way to corruption as the various ministries were rushing to put up a budget before the January deadline.
->Unfortunately, that was the case and this led to the delay of the budget passage and thereby stalling our economic growth; in simpler terms, NO BUDGET NO DIVERSIFICATION which will inevitably lead to a DECLINING ECONOMY and a WEAKENED NAIRA.

Boss13:


Still the same amount because it is produced locally except the bailey which is imported, but I guess it can be sourced via the CBN official rate.

Pesuzok:


Even with the exchange rate, food price is still the same, petrol and other necessities are still the same price

mystic70563:
i'm curretly at the bank and 1 dollar = 197 naira at the exchange board

mystic70563:
i'm curretly at the bank and 1 dollar = 197 naira at the exchange board

mrlaw93:
Congratulations Buhari, for taking change even to every household in Nigeria. From the big niggas in the country down to the poorest. Walai! u try.

Pure water is now #200 per bag. Is nt the price that vex me here ooo. But the fact that i drink more than 1bag per day is d problem. Abeg! who get #500 make hin borrow me. I swear i go return am bk.

Boss13:


The exchange rate should not affect locally produced goods. It will only affect imported goods and services. Hence the urgent need to reduce consumption of imported products.

adipemcanis1:
Oil dependency.

Of course....we should blame the last government at all levels for not saving money. But if they had saved, we would still be in the same trobule...because we do not have the dollars to back up our economy.

There is nothing that the current govt can do...except hoard dollars, hope that prices go up....and in the meantime....diversify.

Either way.....the road out of dependency on oil is a long and hard road.I hope Nigeria is willing to take it. And it starts by spending what little money we have on industries and technology.

mystic70563:
i'm curretly at the bank and 1 dollar = 197 naira at the exchange board

fastguy10:
Which way Nigeria, which way to go, which way to go, I love my father land I want to know

adipemcanis1:


To be honest...it isn't PMB or PYO's fault.

Because of falling oil prices....we do not have the dollars to back up the naira.Hence the fall in the value of the naira.

What this govt is doing right now...is getting as much dollars as possible (Hence the war on corruption, and the banning of importation of certain items).

And yes...GEJ should have saved dollars. But if he had....we would still be in the same situation...only this time it would be next year.

The era of cheap money is over. You and your fellow naira and dollar eaters better get to work.