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Nairaland Forum / Nairaland / General / Politics / Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User (30474 Views)
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Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Lasskeey: 10:05am On Feb 04, 2017 |
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Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by ayindejimmy(m): 10:05am On Feb 04, 2017 |
Drversatile: You fellas are hilarious! There's NO looting under Gej and Obanikoro agreed to return over 700m? http://www.nigerianmonitor.com/obanikoro-i-am-ready-to-refund-the-money-i-stole-while-in-government/ Have you guys been living in caves?! 1 Like |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by TheGoodJoe(m): 10:06am On Feb 04, 2017 |
jospepper: The Foreign investors came in because of the amount of money they would make due to the high exchange rate. If Crude Sells over a hundred dollars tomorrow, those investors will return. There is scarce dollars in the system. The exchange rate was already bad before these companies pulled out. 1 Like |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by martineverest(m): 10:06am On Feb 04, 2017 |
kayLion:no,he op's inference is that its better to return to looting |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Lasskeey: 10:09am On Feb 04, 2017 |
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Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Nobody: 10:09am On Feb 04, 2017 |
Nigerian youths are so dumb 1 Like |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by TheGoodJoe(m): 10:10am On Feb 04, 2017 |
Zi: I am not part of the production crew. I just like MC Reality's jokes and shared the video. I think the Emmanuella tag is just for marketing. If you watch the video, many jokes there did not include Ada. |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Kanyekels(m): 10:10am On Feb 04, 2017 |
Where is Prophet Onatisi You predicted these things and they are gradually coming to pass. |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by larrytorch(m): 10:11am On Feb 04, 2017 |
Nigerians keep throwing shades at each other because Buhari emerge as the President. Truth be told GEJ was no better. Most are just blinded by bigotry. Come any election I would never still vote for GEJ, that's not to say I'd vote PMB either. Nigeria was not as worse as this, does not make GEJ an angel. Nigerians should stop holding on to the rubbish past but look forward to having a better tomorrow. Come 2019, vote PMB out and let's try another person who can take Nigeria on the right path. Quote me, Nigeria will never be better if we see the real truth and not tell it. Till both Political and Ethnic bigotry is reduced to a significant extent, don't expect a better Nigeria. Politicians will still continue to serve you with propaganda and manipulate you, because they know you are blind. 2 Likes |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Lordsocrates: 10:12am On Feb 04, 2017 |
swimmer: so now from 40 to 50, and with the IOC's saying they wont repair the bombed pipelines http://www.premiumtimesng.com/news/headlines/204653-shell-confirms-avengers-attacks-forcados-pipelines-suspends-oil-exports-indefinitely.html and you want to enjoy all the things you enjoyed with oil at &140-120 per barrel. with 2million plus drilled daily ? una get plennnnty sense oo, I dey hail 1 Like |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Nobody: 10:13am On Feb 04, 2017 |
TheGoodJoe: tell them o. It's simple logic. no one needs an economics degree to understand that. why are people just dumb!!! 1 Like |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by ipreach: 10:16am On Feb 04, 2017 |
l
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Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by guiddoti: 10:19am On Feb 04, 2017 |
Drversatile:Really? If I should understand you, why are these politicians returning looted fund? kinda funny to return money I did not steal. 1 Like |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Splashme: 10:22am On Feb 04, 2017 |
okosodko: |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Orikinla1: 10:26am On Feb 04, 2017 |
okosodo:. You are just a shameless liar? There was no looting, so why are the looters on trial returning their loot? Errand boy of looters. 2 Likes
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Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by luvinhubby(m): 10:26am On Feb 04, 2017 |
martineverest: Really? So what logic explains a healthy economy in the midst of massive looting and a blasted economy in midst of agressive saving? |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by PHILipu1(m): 10:27am On Feb 04, 2017 |
malware:what was the selling price of Crude oil during that period of massive looting and what is the selling price of crude oil now during this period of massive saving? How many barrels were we selling during massive looting and how many barrel are we selling now with bombing of oil pipe line by PDP agents called militants during this massive saving period? If you can find this answers,then you will know why the dollar is up. #Buhari till 2023 1 Like |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Nobody: 10:28am On Feb 04, 2017 |
BlackSeptember: When you talk of northerners there is the educated middle/upper class northerners who are enlightened enough to know that this government has failed.Then we have the zealots. The un-enlightened like sarrki and madrid guy whose knowledge of governance is limited to catching and prosecuting wrong doers and hero worship 1 Like |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by ilynem(m): 10:36am On Feb 04, 2017 |
TheGoodJoe:Been waiting for one reasonable comment sir and you just nailed it. These people need to be educated. 1 Like |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by alezzy13: 10:36am On Feb 04, 2017 |
luvinhubby: WHAT DA BLITHERING FCCCK ARE U YAPPING ABOUT?? YOUR DARLING "STEALING IS NOT CORRUPTION" GEJ MADE ABOUT 51TRILLION FCKING NAIRA DURING HIS TENURE. THAT IS MORE THAN OBJ, YARADUA, AND PMB PUT TOGETHER. HENCE LOOTING OF JUST A FEW BILLIONS HERE AND THERE WOULD NOT MAKE A SERIOUS DENT, MORESO AS PETROL DOLLARS WERE STILL FLOWING IN WHICH WAS ABLE TO MEET THE DEMAND, SO THE FOREX REMAINED STABLE. GEEZ. WHAT ON EARTH IS REALLY WRONG WITH YOU NIGERIANS? WHY SO BLINDED BY BIGOTRY AND CLANNISHNESS LORD HAVE MERCY. |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by link2ok(m): 10:39am On Feb 04, 2017 |
ArcFresky: @bolded you didn't even accept it was his fault. We where assembling cars b4 the illiterate came on board. It's his entire fault where we are today. |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by citee(m): 10:41am On Feb 04, 2017 |
Lordsocrates: Bros what was the price of crude oil during Obasanjo's time and what was the exchange rate back then. I agree with those who have said that PMB body language chased away foreign investors who would have brought in alternative forex into the system. |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by alezzy13: 10:43am On Feb 04, 2017 |
Just for the records, I'm not saying this government has lived to expectation. The overwhelming consensus is that it has failed woefully. However its only a truly sick and bigotry-laden soul that would begin to compare GEJ's regime with PMB's. GEJ had all the time, goodwill and RESOURCES (check: 51Trillion) to make this country a super power, but he bungled it so spectacularly and was kicked out. |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Nobody: 10:45am On Feb 04, 2017 |
TheGoodJoe: So the economic policies of the present administration did not contribute in any way? 1 Like |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Babalegba(m): 10:50am On Feb 04, 2017 |
This thread shows that many Nigerians are irredeemably stupid even after years of schooling. Of course with oil selling at about 110 dollars per barrel the naira would hold firm against the dollar .Moronic country. 1 Like |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by jboycrb(m): 10:51am On Feb 04, 2017 |
Thank you for educating them. Cos all they know is to shout Buhari. Lordsocrates: |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by swimmer: 10:54am On Feb 04, 2017 |
Lordsocrates: Na u get sense? U didn't knw d govt then wa subsidizin fuel and also defending the naira? |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by onatisi(m): 11:10am On Feb 04, 2017 |
Kanyekels:I told ppl it will be 515 by February. Let mw just siddon dey watch buhari and Nigerians drama 1 Like
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Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by Elhabeeb1(m): 11:43am On Feb 04, 2017 |
malware: Between 2008-2015 crude oil was sold at an average of $100 per barrel with an average output of about 2 million barrels per/day. Thus there was massive inflow of dollars into the country during that period. Now compare it with when this present government came in, crude oil sold at less than $40 per barrel with an out average of less than 1 million barrel/day (sabotage by militants) a empty treasury. |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by TheGoodJoe(m): 12:02pm On Feb 04, 2017 |
mrdcai: The Policies are just stunts to save an economy destroyed by the wastage of the past administration. The harm was done when we did not diversify the economy and save for a rainy day. |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by AndyCole16(m): 12:17pm On Feb 04, 2017 |
amarachi06:You are sweet...damn |
Re: Why Is Dollar Echanging At N510 Under Buhari? - Northern Facebook User by 4Play(m): 12:32pm On Feb 04, 2017 |
TheGoodJoe: Writing in blue fonts does not make what you are writing less nonsensical. Lets remember that according to our government, the Nigerian recession started in the first quarter of 2016. However, much of the collapse in oil prices largely happened in the 2nd half of 2014.* By December 2014, oil prices were below $60, and given Boko Haram on rampage and uncertainty due to the impending elections, a recession should easily have occurred in the first half of 2015 if GEJ's policies were the primary cause of the 2016 recession. Yes, the economy was under pressure due to the oil price collapse but the spectacular nature of the Naira's collapse and the recession of 2016 can be traced back to 2 things: Buhari's stubborn insistence on a fixed exchange regime and the general lack of policy reform to address the economy's structural weaknesses. Today, oil prices are above $50 and there is little sign of improvement. I have noticed the propagandists are hard at work highlighting the increase in forex reserves as a result forgetting that under Abacha's lootacracy, forex reserves also went from $500m to $9bn. An economy's health is measured by wage growth/improvement in living standards arising from GDP growth. Buhari has been a comprehensive economic failure and this was completely and utterly predictable as I highlighted in my 7th May 2015 post: 4Play: *I say this because a price collapse from $100 p/b to $60 p/b (a loss in earnings of $40 p/b) is more painful than a loss from $60 to $50. 2 Likes |
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