₦airaland Forum

abobote:
Russia produce most of the things they use and they are major exporter in international markets.
Nigeria on the other hand are import dependent and export only crude. If they sell in naira, how will they get foreign currency to import their needs?

Please tell me what we were exporting in the 60s, 70s, and 80's that made our naira then to be stronger than the dollar before structural adjustment came and scuppered everything
The thing is our governments over the years have not been telling us the truth about our exports. Does it mean Nigeria gets nothing from it's solid minerals exports?
As for where the forex will be coming from those crude oil buyers are going to be buying our naira with their dollars helping the naira to appreciate because enough dollars will now be chasing our naira making it to appreciate in value instead of too much naira chasing the dollar like we have presently that made the naira to plummet.
A few weeks ago The Afghani the currency of Afghanistan which is the poorest country in the world performed creditably well against the dollar and all other currencies of major world powers. What do they export? Opium? The government simply made it a crime for anyone to spend any other currency other than the Afghani and they sold most of their exports using the same Afghani. International buyers were made to change their currencies to the Afghani before you can make any transactions just like the Russians did. It takes a strong will to do to these things but our government is still too tied to the west and all their agents like the IMf and world bank.

abobote:
I can't see the advantage in this.
They will buy the oil in naira, and we will source for dollars to import items into the country, since we import virtually everything we use

It will surely reduce the pressure on forex. This is the reason Russia was able to stay very much above water despite the Western sanctions. They started selling their oil which is a necessary commodity to the Europeans in the Russian rouble making the rouble to appreciate against the dollar as Europeans scrambled for it to buy their oil.
Even the Afghanistan Afghani rose against the dollar because a similar measure was adopted to save their currency.

Will the US and their lapdog Britain allow them?

Till the dollar returns to where APC met it in 2015 before they ruined everything this will amount to nothing.

Zxcvbnmghtr:
There are a million and one perspective to this world.

But a million perspectives cannot all be right, can it?

Where are all the billions of dollars worth of weapons sent to Ukraine? O yes it's been blown to smitherings by Russia. This is the same Russia the west told us had obsolete technology yet the technology has been obliterating their own technology back to back.

Zxcvbnmghtr:
The death of a poor man is not the same as the death of a rich man. Like it or not. That's the truth. If Herbert were poor you think even you will care? It is what it is.

Read the book of Ecclesiastes you will understand this world better.

Zxcvbnmghtr:
Even in their death, they are not treated as vanity because they are rich. Do you know how many poor people die every day and are not being mourned or celebrated like this because they are poor?

Whether celebrated or not it doesn't matter anymore. The concept of being rich or poor ends in this world. Even if the whole of humanity gathers for your burial it counts for nothing as the spirit is long gone from this realm.

He and his family went overseas with their feet and came back in a box. The story of man.

Onewazobia:
Where in Bauchi?

Wailo camp

My ppa in Gamawa.

When northerners turn on you. I remember all those years ago in Bauch as a youth corper. It wasn't funny.

Banks are legalized Ponzi schemes. They are responsible for our failing currency.

Stolen money used by politicians to build houses they cannot live in. The greed of man.

No wonder we used to see tons of monkeys when I was there many years ago. I never knew about this crazy culture of theirs. gods indeed.

SSpeter:
I was surprised when people started singing that Emefiele was Igbo, but when he was CBN governor, they said he was South South

That is how deceptive and evil Nigerians can be. They change the goalpost at will.

A 77-year-old man looking fresher than the fraud we have at the Rock claiming 70.
Happy birthday sir

Houthis are flexing their muscles now and feeling fly. By the time the west will lunch a full scale war against them everyone will be shouting women and children like headless chickens.

They do not car about the consequences of their actions now on their women and children. Let them continue.
It seems Islam just makes all these terrorists stupid.

NeckingNgulping:
Every now and then, i see news of women throwing their men out in the UK. This begs for a few questions..

Don't the men have the wherewithal to get a house for themselves that they chose to live with a woman i believe takes care of the rent?

Do they not notice when the problem is looming, so they can vacate on their own without being thrown out?

You paid 24k pound for her school fees and you didn't plan to get an apartment for yourself knowing how women in UK are always prone to throwing their men out.

Did you watch the video at all? He pays for the house. In all these Western countries women are usually favoured far above the men. That is why many Nigerians usually resort to killing their wives over there
I have seen the story of a man who spent years struggling and when he wanted to marry he came down here and picked a wife. He trained her as a nurse over there and when she started making money all hell was let loose and the man was thrown out of the house he suffered to own and all he laboured for including his kids. He just went and acquired a gun and blasted her to hell where he feels she belongs and called the cops to report himself.
Did you not see what happened to Emmanuel Ebue formally of Arsenal FC. He lost all he labored for to his white wife.
Women have control over the men over there and can ruin a man who is not careful. See the case of Mason Greenwood of Man utd and Benjamin Mendy of man city. They were ruined by women.

Therock5555:
If we attack am now, shey he'll feel happy?

Nooo. Malema doesn't support xenophobia at all. He always fights against it and is a proponent of African Unity and one Africa. In fact, he usually attacks the Western world for carving up Africa.

What a world we live in. After the stress and struggles of attending school in Nigeria only to be crushed by a trailer. This is beyond sad. May God have mercy on us and may all our labours not be in vain Amen. RIP.

FreeStuffsNG:
Smh. Nigeria is not giving excuses, we can't keep using our hard earned forex to keep defending our naira against US dollars overvalued on the street and disgraced Binance by unpatriotic criminals.

Yeah when it comes to ordinary Nigerians they can't continue to spend "Our hard-earned forex" but when it comes to buying exorbitant SUVs for themselves they can spend abi? Just continue to be a fool for these criminals in power.

It seems these APC oafs keep scouring the internet looking for excuses to justify the misrule of their paymasters. How foolish can one be? They never seem to see good things that show the failure of their masters only wrong things. Crazy people.

This end time disease is spreading everywhere like wildfire. These guys are under serious demonic possession.

Chucks13:
I totally support the reform, we can't continue as tenants to borrowers in our own country flows with everything to sustain us.

Enough of fake life by standing on borrowing unecessar and wasting resources.

No pain no gain.

Keep standing with reforms just like you did with Buhari whose reforms ruined Nigeria and the one you are currently supporting is burying the country with his reforms. Una mumu can last a thousand years.

Macnnoli4:
I agree. Just increase minimum wage to N75, 000 so that buying bread of N1, 400 won't be so hard

Lol. You think if they increase it the price of bread will remain 1400? You should be prepared to buy the bread at 5k per loaf with that minimum wage

Where are those oafs screaming subsidy must go? See where the subsidy is going to. With the so-called increase in allocation to states this one thought it a good idea to buy cars worth millions while people are busy looting trucks for survival.
We are truly cursed with bad leaders in this Shithole country of ours. There is just no light at the end of the tunnel because the so-called leaders are totally bereft of any ideas of what leadership is all about. To them it is all about personal mindless acquisition of wealth.

The problem I have with the Nigerian government is that they do not support businesses to grow but will tax these same business to death. No country can grow with such retrogressive policies.
The Nigerian government is the problem of Nigeria since it's inception. We have never had a pro-people government in Nigeria since 1960 till date.

Muslims in the majority in Nigeria? When did that happen? Who held the census to determine this? Is it now that the failures they supported ruined Nigeria that they realized Muslim Muslim rubbish is not a solution? Confused elements.

He still has a mouth to talk. How has the failure he supported turned out? Has he turned Nigeria into an eldorado as promised?

The same man is was appointed APC chairman making a mockery of our sensibilities and is openly romanced by a government claiming they are fighting corruption.
If he has nothing to hide why does he hop from one court to another to prevent him being investigated?

So what's this supposed to mean? Homosexual animals exist in nature? We have to be careful what these devil-inspired whites tell us as facts.
They are willing to go to any lengths to push this lgbtq +++ whatever agenda.
They didn't capture normal whales copulating it is the unusual ones they decided to capture.

Pepperdemisback:
There wasn't enmity between Aketi and his deputy. The people who ran his government in proxy were only insecure. The deputy is like vice Principal in a School, he is in control when Principal is not around.
They wanted him to be replaced so they can continue the proxy government.

Well, I don't know much about ondo state politics, I am only referring to how politicians behave generally in Nigeria.