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Naira Now Africa’s Worst Performing Currency Of 2016 - Business (4) - Nairaland

Nairaland ForumNairaland GeneralBusinessNaira Now Africa’s Worst Performing Currency Of 2016 (21355 Views)

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Re: Naira Now Africa’s Worst Performing Currency Of 2016 by july66:
Quakertellicus1:
Well the reason why the naira is falling is simple.

We are not earning enough from oil. And the truth is, things would have been slightly better if either gej saved as he should, or pipelines were not destroyed.

Only way to a strong naira is to become a manufacturing society . Of course, that means some years of hardship while we sort out power, transport and markets for our products, but it would be worth it
Some of you politicise everything. Even when things go bad you still have something to say as excuse. When Buhari was sworn in & power supply suddenly improved, you people gave him credit for this & went on to say it was his body language. When things also don't work out irrespective of the reasons as you are trying to explain, the government of the day has to take responsibility & profer solutions. The order of the day now is that when things work out, the government takes the praise but when things don't work they either blame the previous government or some other factors. If those appointed into positions do not have the relevant capacity to turn things around remove them & bring in the competent hands irrespective of the godfathers whose interest they are representing. Nigeria's interest should be bigger than their personal interest. There has to be a way out of this situation & the government alone may not have all the ideas to turn things around. Let them reach out if need be so that their case will not be like that of the sick doctor who was ashamed to consult his colleague and died in the process. I however commend this government for not encouraging retrenc
hment of staff in the face of the economic problems.
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by Nobody: 5:45pm On Jul 15, 2016
GEJPosterity:
Femi Adesina how are you?

Bawo ni family e?
Hmm, the force is strong with this one.

Only way to a strong naira is to become a manufacturing society . Of course, that means some years of hardship while we sort out power, transport and markets for our products, but it would be worth it

Some of you people are too politically political.
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by Nobody: 5:47pm On Jul 15, 2016
ClintonDal:
^^^^^
Z_ _ _ _ _. Fill in the blank spaces!
Before we part....I have a new term for you.

Dutch disease.

Google it. And if you read my comment properly, you would see that I am asking the government to do something, not praising them. Or defending them.

Good evening.
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by Nobody: 5:48pm On Jul 15, 2016
july66:
Some of you politicise everything. Even when things go bad you still have something to say as excuse. When Buhari was sworn in & power supply suddenly improved, you people gave him credit for this & went on to say it was his body language. When things also don't work out irrespective of the reasons as you are trying to explain, the government of the day has to take responsibility & profer solutions. The order of the day now is that when things work out, the government takes the praise but when things don't work they either blame the previous government or some other factors. If those appointed into positions do not have the relevant capacity to turn things around remove them & bring in the competent hands irrespective of the godfathers whose interest they are representing. Nigeria's interest should be bigger than their personal interest. There has to be a way out of this situation & the government alone may not have all the ideas to turn things around. Let them reach out if need be so that their case will not be like that of the sick doctor who was ashamed to consult his colleague and died in the process. I however commend this government for not encouraging retrenc
hment of staff in the face of the economic problems.
Calm down....where did i mention PDP or APC here?

Kai....i think it is you that is politicizing things.

You people need to get yer head out of the political clouds.
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by kajoula(m): 6:00pm On Jul 15, 2016
[size=22pt]Buhari si working....[/size] tf
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by einsteine(m): 6:24pm On Jul 15, 2016
eiBADAn:
Brother i feel you, it is your post so you would want to justify it. In all honesty, if you were asked to choose between stacks of N1,000 and stacks of Zimbabwe dollar, which would you pick? We all know the answer bro. Let us be realistic.
Why do you keep ranting about Zimbabwe dollar? A currency that has been rested for over three years. The Zimbabwe dollar no longer exists.
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by ClintonDal(m): 6:35pm On Jul 15, 2016
Quakertellicus1:
Before we part....I have a new term for you.

Dutch disease.

Google it. And if you read my comment properly, you would see that I am asking the government to do something, not praising them. Or defending them.

Good evening.
Dutch disease or Caribbean disease, that's just a concept for you to justify the uselessness of this administration.
They promised sunshine and rainbows but they've only been able to deliver armageddon.
Next week you'd prolly look for another disease to cling on.
Merci beaucoup!
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by Nobody: 6:36pm On Jul 15, 2016
einsteine:
Why do you keep ranting about Zimbabwe dollar? A currency that has been rested for over three years. The Zimbabwe dollar no longer exists.
Bro it doesn't exist again but Naira still exists right? Naira still dey N1,000 note o e never reach Z$ 1 trillion note o. Brother better dey come o. Let everybody be on guard o. Be ready o.
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by Nobody: 6:41pm On Jul 15, 2016
ClintonDal:
Dutch disease or Caribbean disease, that's just a concept for you to justify the uselessness of this administration.
They promised sunshine and rainbows but they've only been able to deliver armageddon.
Next week you'd prolly look for another disease to cling on.
Merci beaucoup!
Ah well.....

You think I am justifying the current economic crisis.

I am not. I am saying that Nigeria's economy has been built on a false platform of high revenues from oil and other resoruces.

When the price falls, the revenue falls. Even if GEJ won....we would still be in this state.

I stated what we had to do. Stop relying on oil...and go manufacture.

But since you are too blind to see that....I can't help you.

You Nigerians should give up your bitterness and hate....and yes, I include both zombies and wailers. Because it does not help at all.
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by akinfemio: 6:51pm On Jul 15, 2016
Not gaint again na ant of African
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by ClintonDal(m): 7:12pm On Jul 15, 2016
Quakertellicus1:
Ah well.....

You think I am justifying the current economic crisis.

I am not. I am saying that Nigeria's economy has been built on a false platform of high revenues from oil and other resoruces.

When the price falls, the revenue falls. Even if GEJ won....we would still be in this state.

I stated what we had to do. Stop relying on oil...and go manufacture.

But since you are too blind to see that....I can't help you.

You Nigerians should give up your bitterness and hate....and yes, I include both zombies and wailers. Because it does not help at all.
I don't care if GEJ won or lost, that's in the past. What I am about now is for the people in charge now to deliver on their promises that made 80% of Nigerians boot out the last admin.
This same statement of Nigeria reducing it's dependency on oil and go manufacture has been here since and also captured in the Confab report. So don't act as if these problems magically arose as soon as Buhari took charge.
They have been there, sincerely speaking our nation has no direction whatsoever and should be the perfect example of a scalar quantity.
Maybe you're the one who is blind to the fact that this ship called Nigeria is sinking. And to correct you, I've got no hate or either an ounce of bitterness for anyone or group.
That I speak against something doesn't mean hate or bitterness, I believe that simple concept is understandable.
That's why we have pessimism and optimism, no one can be the same. We all have different views. You shouldn't insult someone who doesn't share same views as you do.
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by emmadejust(m): 7:19pm On Jul 15, 2016
tonio2wo:
The 'soon' don tay joo
the righteous shall eat the good of the land .
and the just man shall live by faith.
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by Nobody: 7:39pm On Jul 15, 2016
Abra4real:
Fact check, I ain't a wailer nor a zombie. I don't support any political party. But isn't it true that the Nigerian Naira is fast loosing its value? As for the 2" by 2" bed, sorry about that. It's true that naira still has weight than a Zimbabwean dollar, but are you waiting for the naira to decline in value 'til it equals the Zimbabwean dollar before you accept that it's declining? Just my two cents.

"But you sef dey write as if you be one Hausa boy wey no see anything wrong for this administration." I recently read on Facebook comment a boy from the north saying Buhari will rule 8 years Insha Allah. I thought you were one of them.

FYI, I don't argue about politics. In fact, I can't do politics.

Last question oga: you must get too much money to not bother about exchange rate o. Hope is not...? Well, I comment my reserve. No, I reserve my comment.
Brother, it is well with our souls. Let's try to enlighten our people, not scare them and make them to think negative all the time. +++++ vibes only.
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by santafe(m): 8:07pm On Jul 15, 2016
@eiBADAn
Keep comparing yourself to a dead man if it makes you feel beter while Nigerian economy keeps going south.
Zimbabwean currency is dead and cannot be a basis for any comparism.
Btw, they have a better economy . The fact is so glaring that Nigera is cursed with bad and very selfish leaders, PMB, GEJ, Senators, Governors and what have you.

Majority of our current leaders know zilch about leadership and how to grow a nation.
What are the developmental plans for this country? Does the current Government have any?
Drastic steps need to be taken if Nigeria is to survive.

A lot of states need to be merged to save scarce resources. Ther is so much waste of already scarce resources in the name of allocations.
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by tonio2wo: 8:28pm On Jul 15, 2016
emmadejust:
the righteous shall eat the good of the land .

and the just man shall live by faith.
Buzz me when ur eyes are cleared.
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by rolams(m): 10:16pm On Jul 15, 2016
Some people still believe this man is capable of leading this nation to the promise land. They said GEJ was bad. Hmmm!

Here is my prayer for u: MAY GOD RUN UR LIFE THE WAY BUHARI IS RUNNING NIGERIA NOW! Say amen if u love Buhari.
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by egobetatoday: 10:53pm On Jul 15, 2016
my only joy is that buhari will be very popular in the international scene when people start to ask why nigeria fell from the spot it was side by side with South africa. Bad name for buhari if you ask me...
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by 14(m): 11:42pm On Jul 15, 2016
egobetatoday:
my only joy is that buhari will be very popular in the international scene when people start to ask why nigeria fell from the spot it was side by side with South africa. Bad name for buhari if you ask me...
South Africa has re-taken 1st spot already in Africa. Latest calculations shows that 1. South Africa, 2. Egypt, 3. Nigeria. Nigeria must just watch out not to be overtaken by algeria, the way things are going, nigeria could go to position 4 in Africa.
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by totorimi: 1:26am On Jul 16, 2016
The earlier we send all these old people in government to yhe village the better for us. They have wasted their lives and now they want to waste ours we should not allow it, they have nothing to loose if Nigeria fails now. Let them go.
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by MduZA: 3:22am On Jul 16, 2016
phlame:
undecided undecided What abt Zimbabwean dolls huh
lol...dead
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by mattmogan88: 7:19am On Jul 16, 2016
.

Re: Naira Now Africa’s Worst Performing Currency Of 2016 by 100Cents: 9:22am On Jul 16, 2016
TippyTop:
Imagine Somalian currency trumping the Naira, Somalia has no central govt since Siad Barre was overthrown in 1992.
Bubu was not prepared for governance, we warned you people.

What personal achievement can Bubu boast of since leaving office in 1985? None, I repeat none.
Bubu couldn’t upgrade himself after leaving office why do people expect him to upgrade Nigeria?

If Naira is the worst official performing currency in Africa then Bubu is also the worst performing president in Africa.

#impeachtheDullardnow
When Jonathan haters were insulting him, i knew it was blind hate.

Now they have seen the true clueless one, they cant even talk because of hunger..
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by 100Cents: 9:37am On Jul 16, 2016
rolams:
Some people still believe this man is capable of leading this nation to the promise land. They said GEJ was bad. Hmmm!

Here is my prayer for u: MAY GOD RUN UR LIFE THE WAY BUHARI IS RUNNING NIGERIA NOW! Say amen if u love Buhari.
That was the silly prayers APC apologists were making under GEJ regime.

I wish berem can say Amen to this prayer now.
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by Nowenuse: 11:27am On Jul 16, 2016
100Cents:
When Jonathan haters were insulting him, i knew it was blind hate.

Now they have seen the true clueless one, they cant even talk because of hunger..
grin cheesy, bolded got me Rotf! My apc neighbour here is facing the same thing oo....ever since he has been quiet oo, d hunger for him side no be small l
Re: Naira Now Africa’s Worst Performing Currency Of 2016 by lebete3000: 7:45pm On Jul 16, 2016
veekid:
The way buhari is running this country ehn; I wish we won't get back to the way we re before 1960
If he can do that it will be very good sef...at least Naira had value then...
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