jerryunit48:
I think say some people say dem no go devalue Naira , now na crash down self I dey see

oyinkinola:
[s][/s]

[b]....there are very many commentary on depreciation of ₦ nowadays expecially in parallel market, although parallel or black market can be manipulated by the traders, they either do it on their self interest, so those who doesn't beleive in the prosperity of nigeria can harbour $ as they can on imported goods hereby cause hike!
But in my own point of view the depreciation of ₦ is a great success to this nation if well manage to nigeria situation today. the looted fund is in $ and it must be refunded back in $, so if $1 is ₦198 when the money is looted, then if the money is refund today at $1 to ₦350 the nation has gained ₦152!
imagine if $1=₦1000, the gain is ₦902!
So in conclusion if the government managed to refund the $trillion looted and the refunded money, change it in parallel market, this will reduce the pressure on ₦ and the scarcity of $ in parallel market so the ₦=$.

(take note all the money took out of CBN during jonathan regime were changed in parallel market before ditributed)

you have other opinion?[/b]

saxywale:
Inflation may hit naija soon like a tsunami...

oyinkinola:



[b]....there are very many commentary on depreciation of ₦ nowadays expecially in parallel market, although parallel or black market can be manipulated by the traders, they either do it on their self interest, so those who doesn't beleive in the prosperity of nigeria can harbour $ as they can on imported goods hereby cause hike!
But in my own point of view the depreciation of ₦ is a great success to this nation if well manage to nigeria situation today. the looted fund is in $ and it must be refunded back in $, so if $1 is ₦198 when the money is looted, then if the money is refund today at $1 to ₦350 the nation has gained ₦152!
imagine if $1=₦1000, the gain is ₦902!
So in conclusion if the government managed to refund the $trillion looted and the refunded money, change it in parallel market, this will reduce the pressure on ₦ and the scarcity of $ in parallel market so the ₦=$.

(take note all the money took out of CBN during jonathan regime were changed in parallel market before ditributed)

you have other opinion?[/b]

oyinkinola:



[b]....there are very many commentary on depreciation of ₦ nowadays expecially in parallel market, although parallel or black market can be manipulated by the traders, they either do it on their self interest, so those who doesn't beleive in the prosperity of nigeria can harbour $ as they can on imported goods hereby cause hike!
But in my own point of view the depreciation of ₦ is a great success to this nation if well manage to nigeria situation today. the looted fund is in $ and it must be refunded back in $, so if $1 is ₦198 when the money is looted, then if the money is refund today at $1 to ₦350 the nation has gained ₦152!
imagine if $1=₦1000, the gain is ₦902!
So in conclusion if the government managed to refund the $trillion looted and the refunded money, change it in parallel market, this will reduce the pressure on ₦ and the scarcity of $ in parallel market so the ₦=$.

(take note all the money took out of CBN during jonathan regime were changed in parallel market before ditributed)

you have other opinion?[/b]

Brilliance9000:
This country is finished!

Let me see the hypocritical twit that will invoke GEJ. GEJ left office with naira to dollar at 210 and today it's almost 400 naira. GEJ inherited naira to dollar from Yaradua at 165, it stayed at this rate +/-15 for 4 yrs, it was only towards the end of 2014 that we began to see fall in naira largely caused by those who are bent on sabotaging his achievements to make sure he doesn't get re-elected. Compare dollar to naira loss in value under GEJ from 165 to 210 within 4-5 yrs span...that's very reasonable.

However under Buhari from 210-400 in barely 8 months? This is disastrous...an invitation to anarchy. Did you guys noticed that under Jonathan when naira depreciates, it appreciates back within few days. But under Buhar...it only depreciates. Don't forget that Obasanjo and Jonathan had strong, powerful economic team...this administration has zero. Very disorganized government! Emefiele resign honorably and let them run Nigeria like a private cattle ranch in Duara...everything to them is about tribalism.

Keep blaming GEJ and oil price until dollar hits 1000 Naira by July by the rate Naira is falling.

orobs93:
But why are they using differnt grammar to classify dis naira issue
naira falls
Naira tumbles
Naira drops
Naira slides
Naira fumbles
Naira killed
Naira back slides

[size=18pt]The day we read Naira Collapse, then its over. .[/size]

praxisnetworks:

So that's why you don't have an economic team?

Pesuzok:
Out of all these comments, no solution is suggested. All the graduates here think that economic team means magicians. The country is not earning enough for example to sell to everyone, it's simple. It either you buy at 400 to $1 or you look inwards.

macfarland:
Buhari says, if Jonathan had won the elections, the dollar would have hit N1000/$1.
It is currently at almost N400/$1, a sharp drop from N180/$1 when Jonathan left office nine months
I have never ever heard a more convoluted balderdash in my life of what a nonsense this useless old man called Buhari can gutter out of his mouth.
Rather than tweak his hay headed economic policies, Buhari finds refuge behind his familiar whipping boy: Jonathan even nearly one yr in power. Many Buhari supporters and Southwest Zombies talk flippantly about the rot and corruption that Buhari inherited from Jonathan, as reason for the deepening gloom that Nigeria is convulsing into. Indeed there was sleaze as is the wont in Nigeria for decades before and during Jonathan and including in this administration.
But we must ask: What is the depth of the rot Buhari met? Anybody with clear facts? Did industries close shops? Did banks close shops? Were schools, hospitals and power supply shut down? Was infrastructure, roads, rail, airports etc destroyed? Was there a major war? If it is corruption, exactly how much was stolen and how many people have been convicted or even taken to trial in almost a year? Was the Naira not N180/$1?
Buhari should stop hiding his incompetence behind Jonathan and unproven allegations. He should roll up his sleeves and get down to work. Enjoying the pomp, pageantry and paraphernalia of office is not same as getting things done.

banmee:


Do you even know what's going on in your country? You had a leader who's tenure was filled with unbelievable levels of corruption by people he appointed or nominated and you still want him back? Wherever corruption thrives, progress can never be made. It's common sense. When a child fails an exam in school, it doesn't just happen overnight. What did he do prior to the exams. Did he study? Did he ask for help? Were there safeguards to ensure he was studying. Blaming Buhari for this mess makes no sense. The symptoms have been there for years and only just exposed because of the drop in the price of oil. If oil prices hadn't dropped, Nigerians would still have been living in lala land thinking everything was fine.

Cul4real:
So you prayed for naira falling to $1 to #1,000 when inflation has already make life difficult for the poor at $1 to #400? YOU HAVE THE SAME USELESS BRAIN WITH CBN GOVERNOR.

Brilliance9000:
This country is finished!

Let me see the hypocritical twit that will invoke GEJ. GEJ left office with naira to dollar at 210 and today it's almost 400 naira. GEJ inherited naira to dollar from Yaradua at 165, it stayed at this rate +/-15 for 4 yrs, it was only towards the end of 2014 that we began to see fall in naira largely caused by those who are bent on sabotaging his achievements to make sure he doesn't get re-elected. Compare dollar to naira loss in value under GEJ from 165 to 210 within 4-5 yrs span...that's very reasonable.

However under Buhari from 210-400 in barely 8 months? This is disastrous...an invitation to anarchy. Did you guys noticed that under Jonathan when naira depreciates, it appreciates back within few days. But under Buhar...it only depreciates. Don't forget that Obasanjo and Jonathan had strong, powerful economic team...this administration has zero. Very disorganized government! Emefiele resign honorably and let them run Nigeria like a private cattle ranch in Duara...everything to them is about tribalism.

Keep blaming GEJ and oil price until dollar hits 1000 Naira by July by the rate Naira is falling.

Validated:
Not sure if the President is aware of this. Anyway, I am planning on landing in April. Perhaps it would have hit N750 projected rate. That would mean my $$ is going to be a lot of cash!!! Next time when you hear change, you will prompted, what type of change!!!

Mamog:


You are not making any sense my friend.. show m any plan by this government to manage the economy.. they came into government and the first thing they did was to share the balance LNG fund and u guys clapped for them as if GEJ hid the money somewhere.. they have been depleting the foreign reserve without making any plan to put something there..
They are picking fight every where.. which money will they use in prosecuting all the wars they want to fight.. they are seeking court order to seize Tompolo's assets forgetting that the Niger Delta Militants don't need court orders to commence blowing up oil facilities... the earlier we realise that PMB is a big mistake and begin to look for a solution the better for this country.
Very soon bread will be N1,000. If u think it's not possible go and ask Zimbabwe

Bishops10:
Bring back Goodluck Jonathan