₦airaland Forum

Seun:
Let naira fall so that Nigeria may rise.

Seun:
Let naira fall so that Nigeria may rise.

Seun:
Let naira fall so that Nigeria may rise.

Elosky20:
it is a fall in the right direction. . #buyNigeriaToSaveNaira

Seun:
Let naira fall so that Nigeria may rise.

Seun:
Let naira fall so that Nigeria may rise.

femzysticks:
i still dont know how our currency fall will lead to a rice in the economy

i am of the opinion that a rise in Naira will lead to a rise in economic growth

help me understand you

DDeliverer:
Oga Seun, a wise man once told me that 'with each new day in Africa, a gazelle wakes up knowing he must outrun the fastest lion or perish. At the same time, a lion stirs and stretches, knowing he must outrun the fastest gazelle or starve'.

Oga seun, this is no different for the human race, you simply have to run faster than others to survive.

Oga seun, is Buhari running or crawling? In today's fast-paced world, what is Mr president doing?

Oga seun, as I type a dollar sells at 385naira! Oga seun, the economy is crumbling... in 9months! 9months of crawling, 9months of traveling, 9months of blaming..

Oga seun, if we continue like this before 2019, there would be no Nigeria.

Oga Seun, I know you love Nigeria, this is evident from the ways you banned anything threatening the disunity of the nation. Seun, its time to act again for Nigeria!

We would join you to support the #Buharimustgo slogan...if ever you are willing to make it your mantra...for the love of 9ja.
dalu.

PUSIDRILA:
Walahi am not a economist guy but I have understanding of Rise and Fall.-

When My Dikc Rise it means Pusi will Fall and when Pusi fall, Dikc will have more value and DRILL Pusi well well.Pusi will now be devalued.

But the Good news is that after some time of Drilling Dikc will release and after releasing,Dikc will fall the Pusi will then rise up while, Dikc will be flat.

So dont loose hope Naija peoples, Naira will Rise again!!!!

Karanka:
I just dey laff gullible Nigerians...
They said they'll make 1 dollar equal to a naira,they've not been able to do it. Infact the naira has fallen more against the dollar.
Now they're telling you that it's a good thing for the Naira to fall against the dollar,and you're swallowing that?
Which country ever wishes for their currency to be almost valueless compared to international benchmark currency?
This's exactly how Zimbabwe started.
Na laff I dey laff... When the time comes,e go clear for Nigerians eyes say Buhari has no frigging idea of what he's doing.

Seun:
Let naira fall so that Nigeria may rise.

Seun:
Let naira fall so that Nigeria may rise.

DDeliverer:
Oga Seun, a wise man once told me that 'with each new day in Africa, a gazelle wakes up knowing he must outrun the fastest lion or perish. At the same time, a lion stirs and stretches, knowing he must outrun the fastest gazelle or starve'.

Oga seun, this is no different for the human race, you simply have to run faster than others to survive.

Oga seun, is Buhari running or crawling? In today's fast-paced world, what is Mr president doing?

Oga seun, as I type a dollar sells at 385naira! Oga seun, the economy is crumbling... in 9months! 9months of crawling, 9months of traveling, 9months of blaming..

Oga seun, if we continue like this before 2019, there would be no Nigeria.

Oga Seun, I know you love Nigeria, this is evident from the ways you banned anything threatening the disunity of the nation. Seun, its time to act again for Nigeria!

We would join you to support the #Buharimustgo slogan...if ever you are willing to make it your mantra...for the love of 9ja.
dalu.

GenOrumov:
Part of the reasons the value of our currency is rapidly dropping in the parallel market is because of the importers who bring in just about anything into the country since we hardly produce anything but rely on goods from outside. If the naira keeps falling at this rate, those importers will have no choice but to halt the importation of goods which will thus force us to produce them locally since we can't import finished goods from outside into the country anymore.

Until we start manufacturing/producing everything we need internally to meet our demand, the naira will keep falling.

oyinkinola:
[s][/s]

OIL AND LFR
[b] THE TWO MAIN MEANS OF INCOME FOR NIGERIA ECONOMY
[b].....with the determination of Nigeria president Buhari and the trust of of world leaders toward nigeria, from America, Eroupe, Asia and gulf nation the down price of oil and the rise in $ is not a corse to nigeria but a blessing.
Among the oil producing countries, and OPEC only nigeria have what other didn't, we have oil in common but nigeria have the looters as well, this opportunity raise nigeria above other oil nation and when all this country are frustrated with oil down price, nigeria have turn to her looted fund reserved to keep her economy running.
Nigeria is bless with oil and (LFR) looted fund reserve, when the oil price is down, the rise-up of dollar $ hike the value of our LFR, if government inject the LFR recovered on the economy, it will boot our economy!
at rate of $ to ₦ today if government managed to recovered $1 trillion LFR it will give us:

$1=₦400, $1trillion=₦400trillion!
I hereby challenge the Nigeria economists who insist that rising $ and downwards of oil price is a broke to nigeria economy to come-up for debate!
Note (LFR is looted fund reserve)[/b]

GenOrumov:
Part of the reasons the value of our currency is rapidly dropping in the parallel market is because of the importers who bring in just about anything into the country since we hardly produce anything but rely on goods from outside. If the naira keeps falling at this rate, those importers will have no choice but to halt the importation of goods which will thus force us to produce them locally since we can't import finished goods from outside into the country anymore.
Until we start manufacturing/producing everything we need internally to meet our demand, the naira will keep falling.

HtwoOw:
Official CBN rate is 197 as at this morning




Without foreign reserve, Naira will continue to fall




OH and thanks to GEJ who chose to loot / share Nigeria's foreign reserves

Seun:
True, but the problem isn't importation; it's the lack of exportation of goods apart from oil. Every strong nation imports, but you must also export.

naijaboy756:
why are you staining Nairaland with copy and paste? What did God give you brains for? Must u copy someone's analysis and paste it over NL as if you understand what is been said?