sambright2012:
Idiot man

obailala:
Well, it's taken well over 20 years and the road still isnt 100%... If even simple things are impossible in Nigeria, you cant blame Nigerians for being pessimistic about complex things.

Bluntemperor:


To Eng.Umahi:
Good observations, brother!
Welldone to both the Federal Govt and Hon Umahi!
Most of these Coastline will be opened up for good business - including transportation of goods,wares, fishing 🦦, 🧺 Farming,Real Estates, reduction in Transportation - timings,etc!
• Hon Umahi:
1•Please ensure these Roads have a good Drainage to Off-load the Water lodges - so that they don't caved in after few years.
2• Ensure and Monitor Times of Completion - so that no abandoned Projects,as NIGERIANS will be Monitoring!
3• Ensure a good lay- out,and well spaced Bud Stop for Motorway and Railway -Trains Transportations!
4•Ensure Adequate 24- hours -Security Patrol- for a long Kilometres like this on Daily basis!
5.This Project is going to involved Millions of Workers - Construction,Providers of Suppliers, Cement,Iron Rodd's,Food Vendors, Various Youth Employments,etc.
We shall all withnessed it's Completions,ijn.
Great Nigeria is Possible!

Artscollection:
Priority is important, that road has less economic value for now.
Lagos to Benin bypass has more economic value than that nonsense 4 now.

obailala:
Rehabilitation of east-west road hasnt been completed after 25 years yet...

GardenOfGod:
Calabar Itu highway that this government should ensure its completed, they have not.. Now they want to start a project that will not be completed in the next 50 yrs.

CluelessMODS:

What do you know about America politics. Of course the woman knew she will not win but Trump has so many criminal cases on his neck if anything should happen and the court stop Trump then automatically she will be the next person.
If that did not happen, after four years she has advantage because she has already done some ground work.

bigpriik:
the foot soldiers of BAT will soon invade the thread to attack,they hate this man so maaach! i think its becoming a psychological problem.

MySolace:

I dont understand plz....

MySolace:

In middle-east. Esp iraq

mu2sa2:
The Iranians have balls in the tit-for-tat killings. Do me I do you....! They have vowed to avenge the murder of suleimani and they're targeting individuals right inside the lion's den. Even isreali officials are likely to be in the radar of the Iranians. How far can they go and how would their enemies react? It's going to be killings galore in this triangular mortal combat.

madridguy:
They have hit the US military base during Trump and now they're after their main culprits.

madridguy:
The Iranian government has repeatedly vowed over the past four years to avenge the 2020 death of Major General Qasem Soleimani – a commander of Iran’s elite Qods Force – whom the Trump administration assassinated in Baghdad using a drone strike on his convoy.

The US government should stop their propaganda and be ready to face whatever their eyes see from the Iranian government. Do you expect them not to avenge the death of a whole Major General ?

amazingspiderma:
Suddenly everyone wants to identify with Otti.

To be honest, the power plant is making the current Federal Government look bad.

It is evident to what is achievable if there is no corruption.

They are working hard to make it look like it is not a Labor Party(LP) achievement. But Nigerians can now see the difference.

This is bad news for APC.

They can't claim this one. They never ruled in Abia.

Only fools argue with facts.

Mitsurugi:


Did Anambra people tell you they were hungry in his 8 years? Did they tell you they couldn't farm? Were they robbing warehouses for food? Was insecurity an issue? How did education fare under him? Did he leave something in the treasury for the next administration? Between him and his successor who is in court on corruption charges? Guy, please park well. Una never ready.

tollyboy5:

What about the message he passed? We should be ashamed of our leaders

Mitsurugi:



Because he cares. Why are your leaders not talking? When they decide to it's to threaten us not to protest or to protest gently. No plan. No timetable out of this rot

donparosky:
It’s been a while here folks. Trust we all doing great

emperor4love:
Atleast few don de wise,than leaking putin ass nd immortalizing him by making him an idol,with this going the will rise up and fight against this draconian anargy government

Farid24224:


You don't understand... Israel is oppressing them, stealing their land. Think na... Think!!!

DonFreshmoney:
Penstock company is owned by a politician in this tinubu regime..

I can bet my 2 eyes on this

azpekuliar:


4 people in a room.

azpekuliar:


You know how much bricklayer and tiler dey earn for Canada? They are better than Nigerians wey full UK dey clean people anus and dead body. What is the inflation rate in Benin Republic?

azpekuliar:


Benin Republic too?

azpekuliar:


Inflation in Nigeria is 29%? Is that the same rate in US as well?

money121:
He bought 10bags of cement at rate of #700

Mean 1 bag #70

Do you think is possible to happen again in nigeria?

fergie001, Mynd44, OAM4J Seun Nlfpmod

UncleAyo:
World's Top Performing Currency and Insight for Naira

* Government/CBN should stop the printing 500 NGN notes and 1,000 NGN notes (the use of #200 note should be sparingly) and officially discontinue the use of these currencies!

* Reintroduction of Nigeria coins, 50Kobo, 1 NGN and 2 NGN.

* Focus should be on Local Business and not call for foreign investment; as foreigner will eventually and continually repatriate their profits in USD. (learning from what is happening in China)



Welcome, lets get started by examining the top 10 performing currencies in the world to gain necessary insights before drawing our conclusions.

*.Kuwait Dinar KWD: ( 1 KWD = 4,920.49 NGN )
Bank notes: 1/4, 1/2, 1, 5, 10, 20 Dinars -------------- Highest denomination == 20 Dinars; Coins == Yes
Coins: 5, 10, 20, 50, 100, 200 Fils


*.Bahraini Dinar BHD: ( 1 BHD = 4,021.64 NGN )
Bank note: BD 1/2, BD 1, BD 5, BD 10, BD 20 --------------- Highest denomination == BD 20; Coins == Yes
Coins: 5, 10, 25, 50, 100 Fils, BD 1/2


*.Omani Rial OMR: ( 1 OMR = 3,937.77 NGN )
Bank note: 1/2, 1, 5, 10, 20, 50 Rials --------------- Highest denomination == 50 Rials; Coin == Yes
Coin: 50, 10, 20, 50, 100 baisa and rarely used 200 biasa


*.Jordanian Dinar JDD: ( 1 JDD = 507,65070 NGN )
Bank notes: 1, 5, 10, 20, 50, Dinars ------------------- Highest denomination == 50 Dinars; Coin == Yes
Coins: 1/2, 1, quirsh, 21/2, 5, 10 Piastras


*.British Pound GBP: ( 1 GBP = 2,135.49 NGN )
Bank notes: €5, €10, €20, €50 ----------------------- Highest denomination == €50; Coin == Yes
Coins: 1P, 2P, 5P, 10P, 50P, €1, €2


*.Caymanian dollar KYD: ( 1 KYD = 1,815.81 NGN )
Bank notes: 1, 5, 10, 25, 50, 100 Dollars ------------------- Highest denomination == 100 Dollars; Coin == Yes
Coin: 1, 5, 10, 25 Cents


*.Euro EUR: ( 1 EUR = 1,631.43 NGN )
Bank notes: €5, €10, €20, €50, €100, and €200 --------------- Highest denomination == €200; Coin == Yes


*.Swiss Franc CHF: ( 1 CHF = 1,719.44 NGN )
Bank note: 10, 20, 50, 100, 200, 1000 francs ------------------- Highest denomination == 200 francs; Coin == Yes
Coins: 5, 10 and 20 Rp/cts, 1/2, 1, 2 and 5 Fracs


*.United State dollar USD: ( 1 USD = 1600 NGN )
Bank note: $1, $2, $5, $10, $20, $50, $100 ----------------- Highest denomination == $100; Coin == Yes
Coins: 1C, 5C, 10C, $1/4, $1/2, $1.




Go back to the list once again and check what's the highest denominations of each currency (and population of users of each currency), You will discover that the top performing currencies do not have high face value like we have 500 NGN and 1,000 NGN in Nigeria.

Also, you will notice that the top performing currencies have coins form of currency with denomination of very low face value.


The highest of the denomination is 1000 Franc followed by 500 EUR. 1000 Franc is not in frequent use and the highest Franc denomination next to it is 200 Frank ( not like 500 NGN as we have here in nigeria ). Also the use of 500 EUR was discontinue in year 2018.

Get a hold on history of exchange rate in Nigerian, you will find out that every introduction of new high (face value) denomination currency note has adverse effect on exchange rate.


Why High Denominational Currency Note Is Bad:
1. Increase in prints of currency notes with high face value e.g 1000 NGN makes other lower currency of less important and less useful. This can gradually lead to upgrade of price of goods and services in market.

2. It makes stealing, looting and hoarding of cash easier as larger amount of money value can be packed into a very small space.


3. 500 NGN and 1000 NGN are no money for the common man, go to the market and examine what denomination are most in use.

4. It's in a way opposing the cashless policy by the federal government of Nigeria.


What The Wise Nations Did:
1. United State of Ameria used to have $500, $1000, $2000 currency notes until December 14, 1945, when the high denominational bills were last printed and officially discontinued on July 14, 1969 by the Federal Reserve System.

2. Europian Central Bank announced on 4 May, 2016 that it would phase out the 500 Euro notes by the end of 2018.



Other Factors That May Affect The Exchange Rate Of A Currency Include:
1. Ratio of goods/services importation to exportation

2. Availability of currency and number of complying users.

The Illegal illegal printing of currency by the CBN according to as reported by some news media outlets has a long way to desctroy value on our cash.

3. Inflation rate

4. Government debts and federal reserve.

5. Political policies and stability

6. And many more



My Recomendations:
Nigerian government should permanently discontinue and remove 500 NGN and 1,000 NGN currency notes from circulation. Reintroduction of 50 Kobo, 1 NGN and 2 NGN coins should also be done.

A government fighting corruption will yield to this advice as abundance of lower denomination currency will discourage looters from hoarding and keeping cash in a safe instead of bank.

Caveat emptor:
This writeup is a personal opinion resulting from my many observations. It is not a scholarly work and should not be treated as one. Copy-and-paste bloggers should please reference the link and author of the article.




TOP PERFORMING CURRENCY (UPDATED CONVERSION RATEs)

1. Kuwaiti dinar (KWD)
The Kuwaiti dinar is the strongest currency in the world with 1 Kuwaiti dinar buying 3.26 US dollars (or, put another way, US$1 equals 0.31 Kuwaiti dinars).

Kuwait is located between Saudi Arabia and Iraq, earning much of its wealth from being a leading global exporter of oil. The Kuwaiti dinar was introduced in the 1960s and was initially pegged to the British pound before being re-pegged to an undisclosed basket of currencies.

2. Bahraini dinar (BHD)
The Bahraini dinar is the second strongest currency in the world with 1 Bahraini dinar buying 2.65 US dollars (or US$1 equals 0.38 Bahraini dinars).

Bahrain is an island nation in the Persian Gulf off the coast of Saudi Arabia. Like Kuwait, the country earns much of its wealth from oil and gas exports. The Bahraini dinar entered circulation in 1965 and is pegged to the US dollar.

3. Omani rial (OMR)
The Omani rial is the third strongest currency in the world with 1 Omani rial buying 2.60 US dollars (or US$1 equals 0.38 Omani rial).

Oman sits between the United Arab Emirates and Yemen at the tip of the Arabian peninsula. As with its other wealthy neighbours, Oman is a major exporter of oil and gas. The Omani rial was introduced in the 1970s and is pegged to the US dollar.

4. Jordanian dinar (JOD)
The Jordanian dinar is the fourth strongest currency in the world with 1 Jordanian dinar buying 1.41 US dollars (or US$1 equals 0.71 Jordanian dinar).

Jordan is largely land-locked country in the Middle East. Jordan is less dependent on oil and gas exports than its neighbours and has struggled with sluggish economic growth and rising debt. The Jordanian dinar entered circulation in 1950 and is pegged to the US dollar.

5. British pound (GBP)
The British pound is the fifth strongest currency in the world with 1 British pound buying 1.28 US dollars (or US$1 equals 0.78 British pounds).

Britain is the sixth largest country by Gross Domestic Product (GDP), according to the World Bank. The pound was first introduced in the 1400s before being decimalised in 1971. It is free-floating and thus not pegged to other currencies.

5. (Tie) Gibraltar pound (GIP)
The Gibraltar pound is the joint fifth strongest currency in the world with 1 Gibraltar pound buying 1.28 US dollars (or US$1 equals 0.78 Gibraltar pounds).

Gibraltar is located at the southern tip of Spain and is officially a British territory. The Gibraltar pound was first introduced in the 1920s and is pegged to the British pound (at par, meaning that one GIP equals one GBP).

6. Cayman Islands dollar (KYD)
The Cayman Islands dollar is the sixth-strongest currency in the world with 1 Cayman Islands dollar buying 1.20 US dollars (or US$1 equals 0.83 Cayman Islands dollars).

The Cayman Islands is a British territory in the Caribbean and is an offshore financial centre. The Cayman Islands dollar was first introduced in the 1970s and is pegged to the US dollar.

7. Swiss franc (CHF)
The Swiss franc is the seventh strongest currency in the world with 1 Swiss franc buying 1.15 US dollars (or US$1 equals 0.87 Swiss francs).

The Swiss franc is the official legal tender of Switzerland and Liechtenstein and is seen as a safe haven due to Switzerland’s political stability. The Swiss franc was introduced in 1850 and was later briefly pegged to the Euro before moving to a free-float.

8. Euro (EUR)
The Euro is the eighth strongest currency in the world with 1 Euro buying 1.10 US dollars (or US$1 equals 0.91 euros).

The Euro is the official currency of the Eurozone, being 20 out of the 27 countries that form part of the European Union. The physical currency entered circulation in 2002 and is free-floating.

Related: Euro to AUD forecast

10. US dollar (USD)
The US dollar is the 10th strongest currency in the world, worth exactly 1 against itself. All other units of currency across the globe are worth less than a US dollar.

Created in the 1700s, the US dollar is legal tender in the USA, other US territories and sovereign nations including Ecuador and Zimbabwe.

The US is the world’s largest economy by GDP and the US dollar is by far the most-traded currency globally.

The US dollar is also the largest reserve currency in the world (the currency most held by central banks) and is the currency used to price many commodities, including oil, gold and copper.
https://www.forbes.com/advisor/au/investing/currencies/top-10-strongest-currencies-in-the-world/


My piece of contribution.

Dirkcoyt:


Madam to be honest I’m into a haulage business . For me okada and keke business are no no . Na stress cause they’re not task based transport business they’re passenger based transport business which will make it hard for you to block all loopholes.

Cancel out keke, okada and taxi . Move to haulage and logistics then I can teach you how to without stress .

YourMrBoo:


I guess so

The situation of the country is too bad that no one is safe. If Nigerian and her roads are safe wetyn concern man with Heli

AntiChristian:
How did Joseph the adopted father of God tey do am with Mary the mother of God?

Some go dey form holy holy but dey do all sorts of Jangrover pre-intimacy on the bed!

God dey see you all fornicators!