I must say that I am greatly saddened by the economics woes of this country and the hardship it has caused the people but I am also saddened with the ignorance that is highly on display on this thread. Simple fact is that Nigeria problem is caused by the twin factors of decline in the price of crude oil which is about 90% of Nigeria source of dollar and the economic sabotage by some people from the Niger Delta which has reduced our daily oil production. Do people expect Buhari to manufacture dollar. Nigeria problem is not down to any poor policy but the reality of the time. Many of those condemning Buhari have not been able to fix the hardship their families are facing occasioned by the situation in the land and they are crucifying the government for not remedying the hardship in the land cause by factors beyond the government control. If any government is to be blamed it should be the last regime that fail to save during the time of oil boom and also depleted the reserve. This present government met about 30 billion dollars in reserve and has resisted the temptation to devour the reserve like the previous regime still retaining over 27 billion even in the face of scarcity of dollar. Although one could argue that they should use the reserve to ease the hardship that the people are facing right now but then we might just be postponing the evil days.

What is on display is simply the case of zombies calling others zombies because many people here just jump on the bandwagon without analyzing the situation. The solution to Nigeria problem is to find a way to increase our dollar earning and this is not a day's job. what previous regime has not done in decades you expect this regime to do in one year.

I know times are really hard and this has made many to condemn this regime for not releasing money into the economy, but can you imaging what will become of the Naira if there is more money in circulation. Yes I agree that this regime need to release money into the economic as we are facing recession and the economy is shrinking but we need to first balance our export and import ration or else we should be prepare to see Naira at 1000 to a dollar.

I believe this regime will come out good but it is going to take some time and we need patience because of the terrible state of the economy that was inherited by this regime. Don't forget dollar started falling before this regime came on board. Likewise most of the problem we are currently facing have started manifesting before the exit of the last regime, though without doubt they have worsen but it is going to take some time to reverse it unless we just suddenly experience oil boom again.

On a final note, I am not a politician or an APC apologist but I am an objective person and this is what I see.

flyca:
Sai Buhari I'm voting President Buhari for live Presidency

what's this one saying?

EXCEPT ONE IS BORN AGAIN HE CAN NOT SEE THE KINGDOM OF GOD JESUS IS COMING VERY SOON.

Nigeria currency has no value

Angelparadise:
Are we heading to equate Zimbabwe dollars? Those that voted for change how far ?

Tis the semi-illiterate northerners who put their clueless goat herder into office.

Running a Goat based economy is not like running a complicated international market economy with sophisticated economics -its not a place to put Buhari in charge.

It's a pity for this country

Hmmm.... guess the banks didn't see this coming.

Tarry:
I must say that I am greatly saddened by the economics woes of this country and the hardship it has caused the people but I am also saddened with the ignorance that is highly on display on this thread. Simple fact is that Nigeria problem is caused by the twin factors of decline in the price of crude oil which is about 90% of Nigeria source of dollar and the economic sabotage by some people from the Niger Delta which has reduced our daily oil production. Do people expect Buhari to manufacture dollar. Nigeria problem is not down to any poor policy but the reality of the time. Many of those condemning Buhari have not been able to fix the hardship their families are facing occasioned by the situation in the land and they are crucifying the government for not remedying the hardship in the land cause by factors beyond the government control. If any government is to be blamed it should be the last regime that fail to save during the time of oil boom and also depleted the reserve. This present government met about 30 billion dollars in reserve and has resisted the temptation to devour the reserve like the previous regime still retaining over 27 billion even in the face of scarcity of dollar. Although one could argue that they should use the reserve to ease the hardship that the people are facing right now but then we might just be postponing the evil days.

What is on display is simply the case of zombies calling others zombies because many people here just jump on the bandwagon without analyzing the situation. The solution to Nigeria problem is to find a way to increase our dollar earning and this is not a day's job. what previous regime has not done in decades you expect this regime to do in one year.

I know times are really hard and this has made many to condemn this regime for not releasing money into the economy, but can you imaging what will become of the Naira if there is more money in circulation. Yes I agree that this regime need to release money into the economic as we are facing recession and the economy is shrinking but we need to first balance our export and import ration or else we should be prepare to see Naira at 1000 to a dollar.

I believe this regime will come out good but it is going to take some time and we need patience because of the terrible state of the economy that was inherited by this regime. Don't forget dollar started falling before this regime came on board. Likewise most of the problem we are currently facing have started manifesting before the exit of the last regime, though without doubt they have worsen but it is going to take some time to reverse it unless we just suddenly experience oil boom again.

On a final note, I am not a politician or an APC apologist but I am an objective person and this is what I see.

You know nothing about economics

Lol

And Mr Tunde Bakare is like errr give Buhari time?? to do what exact??

Tarry:
I must say that I am greatly saddened by the economics woes of this country and the hardship it has caused the people but I am also saddened with the ignorance that is highly on display on this thread. Simple fact is that Nigeria problem is caused by the twin factors of decline in the price of crude oil which is about 90% of Nigeria source of dollar and the economic sabotage by some people from the Niger Delta which has reduced our daily oil production. Do people expect Buhari to manufacture dollar. Nigeria problem is not down to any poor policy but the reality of the time. Many of those condemning Buhari have not been able to fix the hardship their families are facing occasioned by the situation in the land and they are crucifying the government for not remedying the hardship in the land cause by factors beyond the government control. If any government is to be blamed it should be the last regime that fail to save during the time of oil boom and also depleted the reserve. This present government met about 30 billion dollars in reserve and has resisted the temptation to devour the reserve like the previous regime still retaining over 27 billion even in the face of scarcity of dollar. Although one could argue that they should use the reserve to ease the hardship that the people are facing right now but then we might just be postponing the evil days.

What is on display is simply the case of zombies calling others zombies because many people here just jump on the bandwagon without analyzing the situation. The solution to Nigeria problem is to find a way to increase our dollar earning and this is not a day's job. what previous regime has not done in decades you expect this regime to do in one year.

I know times are really hard and this has made many to condemn this regime for not releasing money into the economy, but can you imaging what will become of the Naira if there is more money in circulation. Yes I agree that this regime need to release money into the economic as we are facing recession and the economy is shrinking but we need to first balance our export and import ration or else we should be prepare to see Naira at 1000 to a dollar.

I believe this regime will come out good but it is going to take some time and we need patience because of the terrible state of the economy that was inherited by this regime. Don't forget dollar started falling before this regime came on board. Likewise most of the problem we are currently facing have started manifesting before the exit of the last regime, though without doubt they have worsen but it is going to take some time to reverse it unless we just suddenly experience oil boom again.

On a final note, I am not a politician or an APC apologist but I am an objective person and this is what I see.

Are you kidding me?? Did you just type all that??

Useless govt,

Angelparadise:
Are we heading to equate Zimbabwe dollars? Those that voted for change how far ?

we are fine thank you sha

Failing naira on free fall under under confusing situation of government. Price of commodities to continue sky-rocketing

Can nigeria government pls go massively to one of the developed countries to know what and what are the things they do that earn them success and progress.

This is what you get when you vote a man without a Primary school certificate. When the wife of the forma president said that this man we are calling for has no brain, we Nigerian's ask the first lady to shout her mouth. Now let us all pray for our leaders. And our NATION NIGERIA.

oyinkinola:

...sincerely speaking, do you read one of my warning to remove Emefiele?

Not at all..

House kindly enlighten me on this question:
Some months back we read about Mr President with some delegates went to China for business purpose...Pls what has the country gained from that!
Sincerely I want to know. Thanks.

BDC has more dollar than CBN.why not just close all parallel markets and tell people to deposit money in cbn then regulate dollar sales rather than all this haphazard way its going.

Just a thought...
Some peoples gain many lose

12inches1:


You know nothing about economics

I am not surprise with this comment from people like you, Elementary economics tells us that price is determined by the forces of demand and supply. Do you need to be a professor to know that.

moonraker:


Are you kidding me?? Did you just type all that??

Are you surprise I did not follow the bandwagon,? You can better my thought but be constructive don't just condemn

Toeyoursea:


The banks violated the TSA agreement and they should be made to face the wrought of the law. The price hike is the price the government will have to pay for doing the right thing and I think it is worth it. They will learn to take Nigeria serious next time; THE ERA OF IMPUNITY IS OVER.

Wrath not wrought. Thanks

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Capitano1:
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solbash11:


Lets get down to business if only you're gonna send funds first.

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