₦airaland Forum

shadeyinka:
No it isnt.
Its all about demand and supply. Nigeria imports ALMOST all her consumables making demand for dollars very high coupled with falling income in dollars from the FG to back it up. To strengthen the Naira, we must consume more of what we produce and produce what we normally import

Stop talking off point. We like to import a lot but hasn't most imports been blocked from forex? Healthcare travel, pilgrimage, school fees and co are equally using up our forex. So what do you say about those.

Okuda:
Mumuni Alao

Mumini Alao it is, point of correction. Bastárds and retárds everywhere.

Okuda:
As long as you do not have a manufacturing and power sector that works, if you like sell all the gold and bitumen in this world, your currency would struggle.

Animals everywhere. Go and start the manufacturing now.

SmartPolician:
I insist it's not sustainable. What the quantity of gold does Zamfara have to ramp up our exchange rate? (I don't have that figure)

Do you know how much Nigeria makes from petrodollars just to keep dollar at nearly #500/$?

The Chinese almost blocked all foreign products just to grow their local economy. Today, they are doing well. Gold or no gold, Buhari needs to have a sustainable, long-term strategy.

Some things that sound logical are not economically viable. Nigeria must depend on its local economy to survive, and those in power must be seen doing what they encourage others to do.

All our attempt at blocking foreign alternatives led to either destructive smuggling or monopoly that even more unfair. Cement story is about to repeat in oil refining. Be doing copy and paste of policies there. What works for China may never work for us.

udemzyudex:
Hahaha.. Where did you learn your economic from?

Get lost if you have nothing to say.

SmartPolician:
I'm afraid this does not sound like a great idea. For how long can the so-called Zamfara gold sustain the entire country?

I think the government should be aggressive with the campaign for made-in-Nigeria goods. Nigerians love to impress others with foreign goods, thereby putting avoidable pressure on the little dollar we have here.

Buhari started well by encouraging people to buy made-in-Nigeria items, but lost focus along the line.

Local good? If covid 19 couldn't force an atom of better local healthcare, I wonder what mere human encouragement of local good will do. Commonsense dictates we sell other natural resources. Illegal miners are already selling it, all we have to do is change who receives the proceeds and add it to oil forex which is presently low.

Okuda:
lol. zamfara gold go crash dollar to 50naira... zombies everywhere

Retárds every where. Didn't you see bitumen and uranium there? Bástards everywhere.

mazinaija:
the problem here is that you might not be able to sell the resources you mentioned above in the same quantity and value as crude oil

You not making sense. Let them sell it first.

Buhari has challenged us to go if we have another country.

The problem is lack of forex.
Lack of forex is caused by unwillingness to trade other resources like gold, bitumen, iranium for the dollar as oil is being traded.
If zamfara and co should release their gold and it is sold like oil, there will be plenty dollar to go round and it will crash to even N100 or N50 a dollar.

I read somewhere that most of them are from Sokoto.

Africans don't resign, ask zidane of real Madrid?

seadog indeed. what about desert fish?

Wonderful. Seems changing of service chiefs is seen as weakness by bubu and he is just resisting it for that reason.

Another corruption news to help us get zabamari off our minds.

Defenceless people Like Zulum right?

It is clear which is genuine. Let's just say copy and paste from islam gone wrong

Diop or Diego?

So funny. The girl must be dissapointed.

Ignorance is a disease. Nobody needs oil to move ahead in life.

People who cannot manage their own life want to manage that of millions.

The father the son and the HS

Rubber stamp people.

The certificate is just a social status for most. Just something some parents use to justify wrong (talking money magic now) on their children. Cultism is indeed a tool for social engineering.

Who are they(BH) fighting for self?

UN was closer to the real figure after all.

Stop saying elites just call it secret society and satanists. They are the ones who front dummy leaders to us while milking the system. They are mindful of the spiritual tilt of power as much as they are the political.

Cos they know the bandits will be relocated to Ethiopia and paid by you if they ever get killed while policing the communities.

Gold color or golden Rolls Royce?

Better than rewarding people for how God creates them.

Wow. That's huge.