The banks are not helping either

k

The stupidity and nepotism of this government. While manufacturing sector suffers Emirs, Dangote and Muslim pilgrims get dollars at 270 naira

But one agency that deals in forex recently started operations in Nigeria nau

Wailers,cum n blame oga Jonah..bwt dis Buhari govt n man.u dis season,i wonder who beta pass

But why now?

FagsamPHP:
The effect of the Buhari change, what amazes is that some Oloriburuku Mashafani people will still come on here to look for excuses and defend buhari. When its clear cut that Buhari has failed this country & Buhari is a failure...
As it stands this country can only expect the worst. Just being realistic. I don't see a happy ending

wat are they defending ? If it happened in the 80s and it's happening now it's no coincidence .. It shows he is the cause of the recession simple

Weselion:
It is well

What is well
It seems many of you still don't understand the severity of what is going on and what will happen.

gabazin080:
zombies will soon come here to blame jonathan for this

The one above this your post just did..

TheRealestGuy:
If only our dull and obstinate president heeded calls from last year to allow the currency float... Now see where we are today...

And the dullard is still looking for oil in the Chad basin and in the north... When we all know oil is the curse we suffer from today... No diversification blueprint in the short, medium and long terms...

What exactly can this government be commended for?

Currency floating or not is not the problem, the dollar is not just available even if the currency swim the dollar will still not be available, the only way to get dollar is to export, wich we r currently not doing.

The earlier sensible intelligent people in Nigeria takes their eyes and mind off buhari and his government and believe that there is no president in Nigeria ,the better for them.

FagsamPHP:
The effect of the Buhari change, what amazes is that some Oloriburuku Mashafani people will still come on here to look for excuses and defend buhari. When its clear cut that Buhari has failed this country & Buhari is a failure...
As it stands this country can only expect the worst. Just being realistic. I don't see a happy ending

Answer this question - is it Buhari that made the prices of oil in the world market to Plummet?

What could Buhari have done to ensure we have enough dollars to satisfy our need for "foreign"?

kodded:
it means more hardship, more hunger, and more crimes



cc sarki modath midolian omenka

That's terrible....God forbid bad thing.

Wealth is of the mind though .... Change ur thoughts change your life.

Recession is after all just a word.

sarutobie:

and you decided to desecrate this thread by inviting those abominable monikers? you want them to swoop in here and start regurgitating whitewashed lies that they have been paid to do?

they will avoid this thread like Ebola






watch and see

AdeniyiA:
May thunder fire anyone who wishes to send us out of this world and this nation through hardship and scarcity...

AMEN AMENDED 2 DOUBLE IMPACTED AMEN

charliboy654:

Currency floating or not is not the problem, the dollar is not just available even if the currency swim the dollar will still not be available, the only way to get dollar is to export, wich we r currently not doing.

If naira had been floated by this time last year, I tell you we wouldn't have sunk to this abysmal level.

I mentioned diversification in my earlier post. This government needs to come up with a workable economic blueprint vis a vis diversification or we'll continue to sink even lower.

It's all a mess...

onatisi:
The earlier sensible intelligent people in Nigeria takes their eyes and mind off buhari and his government and believe that there is no president in Nigeria ,the better for them.

Prophet of life... you've been away for too long... your posts I have surely missed...

I think we have so many Graduates who can't reason well. The militants keep bombing the pipelines therefore reducing the forex. The oil price Globally has reduced, so where does the Federal govt get dollars from.

TheRealestGuy:
If naira had been floated by this time last year, I tell you we wouldn't have sunk to this abysmal level.

I mentioned diversification in my earlier post. This government needs to come up with a workable economic blueprint vis a vis diversification or we'll continue to sink even lower.

It's all a mess...

So you think the effects of diversification happens in a day abi.

Where are we heading to?

Unibenfucker:


So you think the effects of diversification happens in a day abi.

I mentioned short, medium and long term goals. There has to be a workable blueprint in place at least.

This government has done absolutely nothing at all in terms of diversification of our mono economy...

TheRealestGuy:
I mentioned short, medium and long term goals. There has to be a workable blueprint in place at least.

This government has done absolutely nothing at all in terms of diversification of our mono economy...

Okay ooooooh

FreeWorld23:
And the pressure goes back to black market.

500/$ loading

mrsage:
Don't even know what to say at this point. The dollar scarcity is still real.

The earlier we start earning dollars the better. Crude oil prices still not impressive.

Time to look into other forms of FX revenue:
Tourism
Agriculture
Solid minerals
Export
Outsourcing etc

Exportation is the answer but the FG makes it difficult for interested people

amagunnerfan:
Answer this question - is it Buhari that made the prices of oil in the world market to Plummet?

What could Buhari have done to ensure we have enough dollars to satisfy our need for "foreign"?

Very simple.put someone who is economically litrate to run the ministry of finance or better still resign

Unibenfucker:
I think we have so many Graduates who can't reason well. The militants keep bombing the pipelines therefore reducing the forex. The oil price Globally has reduced, so where does the Federal govt get dollars from.

And had it been we had no Oil??

erico2k2:

Very simple.put someone who is economically lot rate to run the ministry of finance or better still resign

I guess Saudi, Venezuela and others don't know this?

[quote author=ednut1 post=50643371]nawa, the $22 billion reserve they claim we have looks more like $500m. truth is Nigerian is beyond redemption. the leader and Citizens alike are same. You are right Sir, our biggest Problem is that we are the Problem and we stll dnt knw

erico2k2:

And had it been we had no Oil??

This is exactly the problem. We have oil and that made us abandoned other sectors. Now oil is near useless and we are stranded.

You expect us to right the wrong of so many years in just one year? It takes time. We must suffer for not diversifying the economy since the discovery of oil.

erico2k2:

Very simple.put someone who is economically lot rate to run the ministry of finance or better still resign

am sory to say this you are very foolish and bias Sir go and Re-evaluate yourself

Now we are suffering from what our so called leaders put us into, we the masses suffers everything the most, like we were there when they were all going home with each Ghana most go