Osidazz19:


He's asking the govt to takes these measures in 2015 when the govt was barely able to stay afloat and meet its financial obligations. Salaries were not being paid, oil was around 28 dollars a barrel by end of 2016 to 2016.

If you give a broken down car to the best F1 race car driver, there's nothing he can do with it. You cannot give a F1 race car driver like Hamilton a Honda car and expect him to compete with other race car drivers driving Ferrari cars built for racing.

It is just unfortunate that there are many ignorant Nigerians like you! Buhari didn't get a broken down car! He got a fighter jet but when you give a maiguard( gateman) a supersonic fighter jet to pilot he is bound to crash if he manages to figure put how to take off by accident.

Buhari was bound to fail, he lacked knowledge for the task and surrounded himself with equally ignorant folks. A man that failed in 1984/85 can't do better NOW!

SoNature:


If the funds those guys return home are enough, then why does the dollar keep appreciating over the Naira?

Oga, wake up...we need to diversify our economy because we import almost everything we use in this country. That's why the demand for dollars is high here.

Nigerians are so useless that they would condemn the little things the country produces because they say the imported products are better.

Funnily enough, they don't approach those foreign companies to give them jobs.

. I don't just like abusing people but our President is very stubborn and clueless. You ban the importation of some products without giving room for the local productions. You ban importation of rice, red oil and some agricultural products but failed to implement and introduce type of seeds and the purchasing unit.

Exc2000:



we cant even sell our oil, even if they pay us $20 per barrel, our oil are at high sea accruing bills , demorage and storage / shiping fees

Tinubu's advise comes handy now, print in more Local currency to stimulate local purchasing power just has US are doing right now printing dollar, when the economy goes right CBN can mop up excess liquidity

Or They can use Atiku's model seeking us to sell National revenue generating Asset so as to generate forex and spend it on toothpick, gussi and prada.. and when the next recession comes we wont have anything to sell again

.

Guy, why you dey talk like demon na?
Sense dey sha

Osidazz19:


He's asking the govt to takes these measures in 2015 when the govt was barely able to stay afloat and meet its financial obligations. Salaries were not being paid, oil was around 28 dollars a barrel by end of 2016 to 2016.

If you give a broken down car to the best F1 race car driver, there's nothing he can do with it. You cannot give a F1 race car driver like Hamilton a Honda car and expect him to compete with other race car drivers driving Ferrari cars built for racing.

everything in life is a challenge, once you agree to take up the responsibility no more excuses if you can not perform take the blame, because you saw it before and agreed that you are capable, so no excuses.

KnowAll:
Nigeria cannot run out of forex because the diaspora community sends in about $20 billion dollars every year. Where do u think that dollar ends, Nigeria central Bank.

Don't mind Nigeria stupidity. They are full of loots in them. IMF had been clamouring, they should make it window on import and export ration, they wouldn't listen. I created thread about it long ago. Nothing is done. The people (Government officials) they are there for themselves and non for the people.

PHijo:


It is just unfortunate that there are many ignorant Nigerians like you! Buhari didn't get a broken down car! He got a fighter jet but when you give a maiguard( gateman) a supersonic fighter jet to pilot he is bound to crash if he manages to figure put how to take off by accident.

Buhari was bound to fail, he lacked knowledge for the task and surrounded himself with equally ignorant folks. A man that failed in 1984/85 can't do better NOW!

The sad thing is that unfortunately we have too many delusional retarded brainwashed idiotic monkeys like you on social media posting trash.
In 2015 before Jonathan handed over to Buhari, there were fuel lines all over the country, States were unable to pay salaries, Jonathan and Nwela both have stated that they had to borrow money to pay salaries towards the end of the administration. Yet, delusional brain dead monkeys like you will come online and be posting rubbish for your fellow brain dead idiots to clap for.
I have included some links for you, that's if you have the capacity to read and comprehend simple articles.
Imagine a govt borrowing money just to pay salaries, not to execute capital projects BUT TO PAY SALARIES. And this idiot calls that a fighter jet economy. Dumb ass monkey.

https://www.premiumtimesng.com/business/182543-nigerian-govt-borrowing-billions-to-pay-salaries-okonjo-iweala.html

https://www.aljazeera.com/news/2015/05/150506055148505.html

HAUSA - FULANI and Nigerdelta oil are 5&6.

Everyone is focused on OTHER sources of dollars so we can continue importing

I see it differently

We need to start PRODUCING most of what we consume

Creating more jobs and boosting our economy

We should aim to be sufficient in textiles,clothes,shoes,medicines,food, building materials

Why are we importing Okrika clothes,fish palm oil?
Let us aim for a time when other countries will lament that they are running out of Naira

Angelfrost:


They were not able to do, or were not willing to do so??!... I believe the latter holds true!!!

If we can honestly agree on that, then Buhari ought to do better, and set the nation on a better path to progress... Many world leaders have achieved this, and are still achieving this!!!

We can't continue to excuse failures...

Excusing failures is the reason they're comfortable not being proactive

Osidazz19:


The sad thing is that unfortunately we have too many delusional retarded brainwashed idiotic monkeys like you on social media posting trash.
In 2015 before Jonathan handed over to Buhari, there were fuel lines all over the country, States were unable to pay salaries, Jonathan and Nwela both have stated that they had to borrow money to pay salaries towards the end of the administration. Yet, delusional brain dead monkeys like you will come online and be posting rubbish for your fellow brain dead idiots to clap for.
I have included some links for you, that's if you have the capacity to read and comprehend simple articles.
Imagine a govt borrowing money just to pay salaries, not to execute capital projects BUT TO PAY SALARIES. And this idiot calls that a fighter jet economy. Dumb ass monkey.

https://www.premiumtimesng.com/business/182543-nigerian-govt-borrowing-billions-to-pay-salaries-okonjo-iweala.html

https://www.aljazeera.com/news/2015/05/150506055148505.html

The sad part is that we are forced to share a country with brain dead beings like you!
According to you they borrowed to pay salaries, so?
What difference does that make?

People like the being you want us to believe is a solution, instigated anti subsidy protests, making the country vulnerable.

Ironically, 8 years after, those same brain dead, power hungry beings have promised to remove subsidy.

How about the multiple exchange rates by the Buhari government? Search for oil in Chad basin?

Failure to adhere to rule of law? Etc

I won't be responding to you again, it is obvious you don't come from a place one could call a home.

If you are enjoying Buhari's loot with him, know the blood of millions is on your head and that of your evil principal.

It is 5 years since he took office, till date he has no achievement he could count on.

helinues:
Dollar is currently above N400..

If the dollar scarcity lingers, then we should be expecting N500/$

how much is dollars currently at the black market?

KnowAll:
Nigeria cannot run out of forex because the diaspora community sends in about $20 billion dollars every year. Where do u think that dollar ends, Nigeria central Bank.

Covid-19 will reduce that to $75 billion. Besides, its not the governments money to spend

Racoon:
Perhaps you have forgotten the dullard promised to stabilise oil prices? Helinues!!!!

U must be daft to have believed dat any Nigeria Preesident has the unilateral capacity to control oil price

KnowAll:
Nigeria cannot run out of forex because the diaspora community sends in about $20 billion dollars every year. Where do u think that dollar ends, Nigeria central Bank.

most of them are probably going through tough times right now sir due to covid-19

SirBunky85:
how much is dollars currently at the black market?

440

[s]

PHijo:



The sad part is that we are forced to share a country with brain dead beings like you!
According to you they borrowed to pay salaries, so?
What difference does that make?

People like the being you want us to believe is a solution, instigated anti subsidy protests, making the country vulnerable.

Ironically, 8 years after, those same brain dead, power hungry beings have promised to remove subsidy.

How about the multiple exchange rates by the Buhari government? Search for oil in Chad basin?

Failure to adhere to rule of law? Etc

I won't be responding to you again, it is obvious you don't come from a place one could call a home.

If you are enjoying Buhari's loot with him, know the blood of millions is on your head and that of your evil principal.

It is 5 years since he took office, till date he has no achievement he could count on.

[/s]

You are nothing but a brain dead brainwashed DOTARD. You have been brainwashed to the extent that you drink up any trash thrown at you. You lack the simplest of capacity to decipher complex issues yourself.
Just listen to the trash you posted, blaming everyone but the incompetent Jonathan govt for fuel lines and borrowing money just to pay salaries.
It's buffoons like you that will be wailing and crying that Buhari wants to borrow to build you bridges and rail line but it was ok for Jonathan to borrow just to pay SALARIES.

Hey dumd dumb, my best suggestion for you is to head to the Lagos Lagoon and put yourself out of your miserable existence. Pls do us all that favor.


STFU and GET LOST.

Osidazz19:
[s][/s]

You are nothing but a brain dead brainwashed DOTARD. You have been brainwashed to the extent that you drink up any trash thrown at you. You lack the simplest of capacity to decipher complex issues yourself.
Just listen to the trash you posted, blaming everyone but the incompetent Jonathan govt for fuel lines and borrowing money just to pay salaries.
It's buffoons like you that will be wailing and crying that Buhari wants to borrow to build you bridges and rail line but it was ok for Jonathan to borrow just to pay SALARIES.

Hey dumd dumb, my best suggestion for you is to head to the Lagos Lagoon and put yourself out of your miserable existence. Pls do us all that favor.


STFU and GET LOST.

It is you and your type that will perish in Lagos lagoon!

I am a child of God, I don't suffer, my life is not miserable, was not miserable and can NEVER be miserable.

Your suggestion just tells everyone the kind of low life you are, if not for reforms the PDP embarked on in the 16 years they were in charge, your type will NEVER have access to cyberspace, let alone be rude to me.

Nigerian state governments contribute a lot of problems in the country. They will come to Abuja every month, collect money and squander it. No single investment in the states. States were created in order to get quick and uniform developments. Where is the development in the states? No Governor is not corrupt. Despite the amounts of Dollars made from sales of crude oil by this country, we are still crying for the scarcity of Dollars. Shame!!!!!!

Really,print in more naira in a way of QE with no production to back it up.You mean Govr should share naira unearned to everybody like a candy to kids.Please I will like to know the school you learned that from.Because even Tinubu a trained accountant(not an economist)has walked back the talk on QE in Nigeria,Zimbabwe's case will be child's play if we try that.. The opprobrium it was subjected to made him recant quickly.

Btw,what is the obsession about loss making national assets like NNPC.Aramco of Saudi the biggest state owned oil corporation has already been floated.Do you think it was a light decision to take.Nobody tells a blind man outside that it is raining.

quote author=Exc2000 post=89611162]


we cant even sell our oil, even if they pay us $20 per barrel, our oil are at high sea accruing bills , demorage and storage / shiping fees

Tinubu's advise comes handy now, print in more Local currency to stimulate local purchasing power just has US are doing right now printing dollar, when the economy goes right CBN can mop up excess liquidity

Or They can use Atiku's model seeking us to sell National revenue generating Asset so as to generate forex and spend it on toothpick, gussi and prada.. and when the next recession comes we wont have anything to sell again

.[/quote]

donbachi:
Nigeria will make do with the recovered abacha's loots and states on igrs...till e go be.

The entire Abacha loot is not up to $2billion...this is far too little to solve Nigeria's forex needs!

Kobicove:


The entire Abacha loot is not up to $2billion...this is far too little to solve Nigeria's forex needs!

Much of those needs are not needs but indulgence

We import stuff we can and should make e.g face masks as covid19i s teaching us

ye

helinues:


That was a twisted media talk.. That's not logically possible.

Before August dollar I'll reach 500 naira

9jaDoomCountry:




1500 naira you enter okada dem go carry you follow bush path, you don enter Cotonou be dat o

Baba, that one too na abroad? Lol

jansonn:

Baba, that one too na abroad? Lol

Boss you just say jappa, you no come state destination. Na im come dey reason am say you jus wan comot for anywhere outside 9ja.


Abeg no vex if that place I mention no reach match up your taste.

9jaDoomCountry:



Boss you just say jappa, you no come state destination. Na im come dey reason am say you jus wan comot for anywhere outside 9ja.


Abeg no vex if that place I mention no reach match up your taste.

Vex keh!! Las las God no go shame us

Three days ago, I withdrew with my GTB MasterCard at the rate of 420$

It keeps going up everyday.

helinues:
Dollar is currently above N400..

If the dollar scarcity lingers, then we should be expecting N500/$

jansonn:

Vex keh!! Las las God no go shame us

Amen o

Atikulated:
Three days ago, I withdrew with my GTB MasterCard at the rate of 420$

It keeps going up everyday.

With this news, it will create fears in the market hence hoarding of dollars...

Exactly, GTB among other banks have also cut down on the monthly expenditure limit on foreign transactions from 1,500$ to 500$ a month.

It's really sad. My case is even worse, I don't work nor earn in abroad so it's my Nigerian funds I'm accessing here with all the hikes and limitations.

helinues:


With this news, it will create fears in the market hence hoarding of dollars...

The issue of currency devaluation is becoming threatening to the revival of Nigerian economy in a tough time like this. This is a matter for the federal government to act swiftly and responsibly before citizens start feeling the heat of the fall in Naira against dollar. It's been long since government have been talking with confidence about diversifying of economy substantially from oil n gas. The wind has now blown and the anus of the hen has been exposed. Hope the arrival of the new chief of staff will have some positive impact and keep us on the way forward.