₦airaland Forum

Just 3 hours useless Infinix Hot 2, 2200mah battery Mtcheeewwww

So bad.

If there's money 7

3

Rexyl:
The idea of mini importation is already fading as most importers have been compelled to stop the Biz.

Mehn I was considering mini-imp oh, but when I saw the exchange rate I had to forget about it.

Curvinus:
1. Demand and supply. If more people are demanding the dollar for importation and you do not have enough in your foreing reserve to service these needs, the currency will become scarce and expensive, meaning you will need more of your local currency - in this case the naira - to buy a unit of the dollar.

2. Of course, if your economy is structured in such a manner that you do more of imports, you will have a negative ballance of trade/ballance of payment and this leads to unemployment, currency devaluation and all the other problems Nigeria is facing.


2. Why would we want to raise the value? So you can use your N10,000 salary to buy a brand new car based on an artificial value created by the sale of oil. Of course this is not sustainable as we would be back to ground zero if the price of oil falls again. We need not be obsessed about the value of naira to the dollar. Rather, we should be thinking of how to produce what we need and be immune to whatever happens in the monetary market.

4. See above.



5. We were producing what we needed then. The regions were self sustaining through agriculture. But Gowon's counter coup laid the foundation for the destruction of Nigeria's economy. Oil became our mainstay and the 12 states Gowon created became more or less, glorified military formations fed directly by the FG. We lost our incentives to work hard and oil boom made sure this madness continued until what you have now. This is why you have calls for restructuring our fiscal federalism.

Thank you so much, believe me I now understand better. But what are the solution to the problems ?

Quakertellicus1:
To answer your question in brief, we need dollars to buffer the naira.
Our dollar supply has fallen. In brief, thanks to the fall in oil prices, we have lost about 70 dollars per barrel.....so we are not earning enough dollars.

N1=$1 back in the 1970's because in 1973.....oil prices quadrupled....as a result, we had dollars flowing in which we used to buffer our currency.Once the oil price fell in 1982....naira started falling against the dollar from N4 in 1984 to N6 in 1989 to N22 in 1993 to N89 in 1998 and so on.

At the same time, we started importing a lot in the 1970's....and continued . Meaning we lost a lot of dollars to imports. Then there are the debts we picked up too ......especially when oil prices fell...and we needed dollars to balance the books.

In short....Dutch disease.

Thanks I deeply appreciate. But another Question is this, apart from oil are there other means to earn Dollars, and why must it be the Dollar that is affecting our economy, since the Dollar ain't the only currency on earth.

We would this , we would that. Mtcheewwwwwwww

What a list. Was expecting to see skills like

Learn Graphics Design, web design, Photoshop, blogging etc like seriously WTF

Economists pls I have a question.

What causes the Dollar to Rise and Fall,
Why is the Naira losing it value.
Why can't we raise the value
Who set the exchange rate
Why is it impossible to have $1 equal to 1N as it were in the 70s
?

Dead economy

2015 abi ok it was Etisalat that was when I was using Blackberry oh, 3GB 1k upon the downloas , data never get exhausted

AikayDaWrapper:
Please will this plan still work if you are already subscribed to another mtn data plan.

I don't think so , I think it's better to use another sim card

That's what am using to type this now, it's still 500MB of data

After reading the specs I just Mtcheeewwww

3000mAH battery and the 5.2 inches just made me lose interest, Hot Note is Better than this.

Make I observe am first, Infinix Matter eh get as e be.

Nice

Kazuna I dove my hat 4 you, make I go sleep I get exam

nijabazaar:
Very nice, best way to wait for admissions

i ve been tryin me hands on graphics too....even though my job always comes in d way

Try A Cg software like Blender or Softimage, theres this guy Kazuna on one the threads...you can follow him, hes quite good with these kinda stuff

thanks check this out

Book Cover Attempt

MadCow1:
@ your signature

I quote just to laugh @ your Signature

3Div:
This is a good question

1. You have to make sure you take control of all state assets. (Radio, Tv, Airport, Electricity and most importantly the Govt house/office)

2. Begin the immediate of arrest of strong opposing figures, before you know can be a threat (this is assuming they haven't been assassinated at H-Hour)

3. Make a Broadcast, you always have to make a strongly worded broadcast, telling people not to act funny and stuff.

4. This is the most important - SIEZE THE DEPOSED PRESIDENT's iPHONE!.

thanks so much, no 4 answer was very funny. Butwhy the iPhone

angels09:
72 hours in control. With a populist agenda. Datsall

wow thanks

Hi am Rick upcoming Trap Producers, I want to meet other Trap Producers so that I can. Learn from them.

Thread will be updated .TRAP

But what does it takes for a Coup to succeed

Chai

Harvard13:
d UNIBEN admission

I am in UNIBEN Na shooooo

Harvard13:
you didnt share why u rejected. my cousin was given maths in UNN but chose to read econs edu @ nwafor orizu. soon she will say she rejected one thing.

what did I said I rejected? I be never rejected anything oh

I was touched