kingthreat:
If Buhari has some little sense, he will sack the CBN director, the Finance minister and every minister on the economy. Cant he give an order than in 2 months the exchange rate must get to 450 or so and his orders get obeyed? I really don't freaking understand this country. If this old dumb cant work, let him resign. Or should his incompetence let the bureau de changers put this country to ransom?

duni04:
OP please where is your link This is suspicious news. Nigeria's oil production is currently 2 million barrels per day, 200,000 barrels short of the budget benchmark of 2.2million barrels per day. When the Forcados pipeline comes on stream in the next 2 months, production may even surpass the benchmark budget rate. Except someone is plotting to blow pipelines soon, these people hoarding dollars are in for a big surprise and massive losses.

KidsNEXTdoor:
Buhari's destiny is to reck Nigeria
By the time the dullard is through
Believe me, a dollar will be 1000k

The zombies will tell u it's because of 16 yrs bad rule , it's because of bad military rule, blah blah blah

The truth is it's because of ill thought archaic economic policies dished out on Nigeria by Buhari ...

Worst is Buhari doesn't care
He is enjoying poor masses tax payers money in London

duni04:
OP please where is your link This is suspicious news. Nigeria's oil production is currently 2 million barrels per day, 200,000 barrels short of the budget benchmark of 2.2million barrels per day. When the Forcados pipeline comes on stream in the next 2 months, production may even surpass the benchmark budget rate. Except someone is plotting to blow pipelines soon, these people hoarding dollars are in for a big surprise and massive losses.

JustinSlayer69:
I would give Buhari a C on anticorruption - because it has been selective.

But he would get a sure F9 for his management of the economy.

All our previous leaders get a F9 for anticorruption. Few like Obasanjo would earn good marks for management of economy.

GEJ = F9 parallel

straneur:
Source http://investorsking.com/naira-exchanges-at-record-low-n510-a-dollar/

kingthreat:
If Buhari has some little sense, he will sack the CBN director, the Finance minister and every minister on the economy. Cant he give an order than in 2 months the exchange rate must get to 450 or so and his orders get obeyed? I really don't freaking understand this country. If this old dumb cant work, let him resign. Or should his incompetence let the bureau de changers put this country to ransom?

theway83:
I will soon leave this country.

kingthreat:
If Buhari has some little sense, he will sack the CBN director, the Finance minister and every minister on the economy. Cant he give an order than in 2 months the exchange rate must get to 450 or so and his orders get obeyed? I really don't freaking understand this country. If this old dumb cant work, let him resign. Or should his incompetence let the bureau de changers put this country to ransom?

aminho:
All lies i just changed 5k usd at the cost of 495 this morning

Bizibi:
And they actually said we are recovering fast.....they need to get themselves a real economic team.

aminho:
All lies i just changed 5k usd at the cost of 495 this morning

KidsNEXTdoor:
Buhari's destiny is to reck Nigeria
By the time the dullard is through
Believe me, a dollar will be 1000k

The zombies will tell u it's because of 16 yrs bad rule , it's because of bad military rule, blah blah blah

The truth is it's because of ill thought archaic economic policies dished out on Nigeria by Buhari ...

Worst is Buhari doesn't care
He is enjoying poor masses tax payers money in London

PassingShot:
[s][/s]

IdJack:
Na WA oooo... Where are we heading to.

Anyways check my signature

Delat99:
Record breaking ke, its bin breaking record since it was more than #200. Well all time lowest ni eleyio.......May God help us. Only CHANGE can CHANGE this CHANGE we are Witnessing now. # PEACE.

madridguy:
This is serious i swear. PMB need to come back soonest and do the needful.

Tokziby:
I still don't understand why people still post this " Under Mass Looting and corruption Dollar was N170 while Under Mass Savings and fighting Corruption Naira 500".

Under GEJ,
oil was over $100, oil production at 2.2M barel/day and we had monies in dollars flowing through banks and people did have cause to hoard dollars to exchange at higher rate. The excess on the dollars that was to be save incase of recession was shared among the government bodies cos they thought the affluence would last forever. This is the case of living in affluence and spending monies anyhow thinking hard times will never befall u. And when the inflow of monies stops or reduces u will not be able to manage ur expensive life style and become broke cos u failed to save and live within ur limits. There are musicians and sportsmen u can make examples of Mike Tyson, Mc Hammer, Micheal Jackson before his death became broke, Our own Daniel Amokachi and host of others.

Under PMB
Oil fell to $30, militant depleted the production to 1.4M barel/day, becuase we didnt save during the raining days our reserve couldnt withstand or expenses, The flow of government monies through the banks stopped, looters were afraid and took their monies away from the bank to hide their ass, and Nigerians as we know took advantage of it and hoard the dollars to make it scarce and maximize their profit.

Conclusion
If we were still under GEJ and oil prices fell to $30 p/b while still producing at 2.2M b/d, and with the excessive looting and spending, do u still think dollars will be N170 or even N500 with their lavish lifestyle?

Remember the words of Sanusi when the alleged $20 Billion dollars was missing and the looming economic crises after 2015 if nothing was done.
Recession was inevitable whether under GEJ or PMB. The policies of PMB has it flaws and people around him are corrupt but with the way things are now we can see our past mistake and ways to correct it even after PMB leaves office, our eyes are open now and we can see those who led us to this. If we dont taste hardship we will never value our comfort.

EastGold:
What do you expect?

Buhari is sick, Nigeria is sick

2016 Budget: Buhari to spend more on State House Clinic than on all federal teaching hospitals
February 2, 2016

More from: http://www.premiumtimesng.com/news/headlines/197827-2016-budget-buhari-to-spend-more-on-state-house-clinic-than-on-all-federal-teaching-hospitals.html

Drug scarcity hits Aso Rock clinic despite N3.87bn budget
August 18, 2016


More from: http://punchng.com/drug-scarcity-hits-aso-rock-clinic-despite-n3-87bn-budget/

Muhammadu Buhari under fire for seeking medical treatment in UK
7 June 2016

More from: https://www.theguardian.com/world/2016/jun/07/muhammadu-buhari-nigeria-ear-infection-medical-treatment-uk

udy4real:



Did u change d US dollars in ur dreams,pls its morning wake up

luvinhubby:
Mr. Man stop posting nonsense, oil price has nothing to do with your currency value, your fiscal & monetary policies does.

Oil traded for $15 per barrel under Abacha & we built up our forex reserve from $450 million to $9.5 billion & our currency was stable for 4yrs.

Stop making excuses.

KidsNEXTdoor:
Buhari's destiny is to reck Nigeria
By the time the dullard is through
Believe me, a dollar will be 1000k

The zombies will tell u it's because of 16 yrs bad rule , it's because of bad military rule, blah blah blah

The truth is it's because of ill thought archaic economic policies dished out on Nigeria by Buhari ...

Worst is Buhari doesn't care
He is enjoying poor masses tax payers money in London

Tokziby:
I still don't understand why people still post this " Under Mass Looting and corruption Dollar was N170 while Under Mass Savings and fighting Corruption Naira 500".

Under GEJ,
oil was over $100, oil production at 2.2M barel/day and we had monies in dollars flowing through banks and people did have cause to hoard dollars to exchange at higher rate. The excess on the dollars that was to be save incase of recession was shared among the government bodies cos they thought the affluence would last forever. This is the case of living in affluence and spending monies anyhow thinking hard times will never befall u. And when the inflow of monies stops or reduces u will not be able to manage ur expensive life style and become broke cos u failed to save and live within ur limits. There are musicians and sportsmen u can make examples of Mike Tyson, Mc Hammer, Micheal Jackson before his death became broke, Our own Daniel Amokachi and host of others.

Under PMB
Oil fell to $30, militant depleted the production to 1.4M barel/day, becuase we didnt save during the raining days our reserve couldnt withstand or expenses, The flow of government monies through the banks stopped, looters were afraid and took their monies away from the bank to hide their ass, and Nigerians as we know took advantage of it and hoard the dollars to make it scarce and maximize their profit.

Conclusion
If we were still under GEJ and oil prices fell to $30 p/b while still producing at 2.2M b/d, and with the excessive looting and spending, do u still think dollars will be N170 or even N500 with their lavish lifestyle?

Remember the words of Sanusi when the alleged $20 Billion dollars was missing and the looming economic crises after 2015 if nothing was done.
Recession was inevitable whether under GEJ or PMB. The policies of PMB has it flaws and people around him are corrupt but with the way things are now we can see our past mistake and ways to correct it even after PMB leaves office, our eyes are open now and we can see those who led us to this. If we dont taste hardship we will never value our comfort.