Wao , this is beautiful. Tribal marks is our beauty.Proudly Omoluwabi

dawnomike:
Is Bureau de Change now illegal?

are you alright sir?

Who cursed you ?

My friend eats 30 of this, if you doubt book appointment for it

UDOKABESTLUV:
400 Naira, Una See Wetin Hardship Dey Cause

hmmm, when are we going to free ourselves from these illiterate Agberos now

Last regime is the worst

Great Awo, your work speaks dey go. Help me ask baba forming present Awo o

chidekings:

what are u talking

E tired me o, This man get issue with FRSC I think

Let's separate once Nothing like one Nigeria

Obierika:


Did you marry out of pity?

yes nau

I pray this mumu be victim

Am a victim o, I need another wife now

Enough of this nonsense book now

Neighbours wife or olosho now

What is all these on nairaland now, don't we have useful things to discuss on front page? Abi what is the meaning now

Rubbish , instead of using technology .

God will surely librate the oppressed one day.

Let's every region manage itself o. Enough of this thrash jor

Sorry man.

🍀Die if you like, the Dollar will keep rising against the Naira!!!🍀
***************************************

1. Appreciation and Depreciation of Currency is not related to race or color. It isn't who is the President either; be he Hausa, Igbo or Yoruba. It is basically about the production of goods and Services and the demand of your products in the World market. A confused Country that produces almost next to nothing will never meet up. Policies only control your Currency, not the value of other Countries' Currencies against yours.

2. A Country where over 500 Industries died within 30 years must be Stupid to complain of Depreciation of her Currency. We keep killing local industries and expect policies to make it up, it's a joke sir. Don't use China as an example of depreciating Currencies and strong economy. China produces and may attract more export with that strategy, unlike Nigeria that produces nothing.

3. A Country where someone made away with $2+billion simply to be shared, is already a doomed one in terms of monetary policy and value. A Country that produces a Dizeani and a Bafarawa, who spent billions to appease Demons. Those money without economic value is an economic waste and poison injected into the system.

4. A Country that favours importation over local production is doomed because it creates employment for other Countries while sacking her own Citizens. Some people are working in Michelin and Dunlop somewhere, yet we use the tyre here. Don't tell me about the principle of comparative advantage here; it's not applicable.

5. A Country that exports all raw materials without adding value to them, is shameless to talk of depreciation of her Currency, and will later re-import finished products of those materials, is the peak of daftness. A bag of Cocoa will go for, like N1million Naira, but when it is processed, its worth is around N7million. Even farmers who produced the raw Cocoa can't buy the end product... Chocolate!!

6. A Country that deliberately operates a banking system that gives loans to importers at the expense of local industries, is doomed and should say nothing about depreciation. Most of the loans are given to Senators and Representatives not industrialists.

7. A Country that gives loans in billions to the agric sector without monitoring & evaluation of such loan on how it gets to the real farmers, is a Sham. A guy collected over N2 billion agric loan, he bought a Jeep, built a nice house and used the rest to import processed Pork. Meanwhile, local Pork Farmers are dying here. Is that not double tragedy, stressing Forex and at the same time killing local industries.?

8. A Country that spends more on few privileged politicians at the cost of the populace who are unemployed, should not talk about money depreciation. A Country that keeps paying NNPC Staff N10 billion as Salaries every month, when a single drop of Petroleum Products was not processed, should shut up about depreciation of Currency. The only value-added product to the system is rising Crime and Criminality!!

9. A Country where it is difficult for investors to register businesses because of the demand for bribes by governent officials. Right from the Airport to the Hotel; to the Ministers and to Governors, investors will bribe. All these are part of cost of investment. A friend brought an investor on Estate Development just for the State Commissioner for Lands to demand 30% of the investment! To see the Governor in a State will cost you N2 million as bribe before you can be scheduled. This is a State as poor as anything.

10. A Country where the cost of travelling for treatment abroad by government officials will build World Class Hospitals, should not talk about Naira against Dollar parity. Money taken on that trip is part of stress on forex. Same as forex spent on Pilgrimage. Let religion fanatics keep off me here. Without going to Mecca or Jerusalem, you can still make heaven. Yes! You waste forex on Pilgrimage and later talk rubbish about forex. Pilgrims get Dollars for N160 while industries get it for N350! Is that not Crazy ?

11. A Country where a
few people have access to Federal Reserves and those few can get loans, not because of what they can produce but the connection they have... Is that Country not doomed already?

12. A Country where we import what we produce because it's "Cheaper" to do so, is doomed.

13. A Country that has Arable land and teeming idle youths but still complains of hunger, should not talk about Currency depreciation. It's not only annoying but nauseating.

14. A Country where free money flows can never control inflow and outflow of Forex. Imagine someone who wants to hide his loot went to "Aboki", the Forex dealer, to buy Dollars worth $50 million just to hide it in the basement of his house. That money has no economic value, yet it deprived those companies that needed it to import raw material. The same Companies go to "Aboki" to buy the hard Currency at exorbitant price.

15. A Country where a strong Bank owner can influence Shares from within the Stock Exchange floor to inflate their Shares' worth from N20 to N150, crash the same Share to N30 and ready to buy it back at N28, all within a year. Forget it, the Currency will never appreciate in such an economy.

16. A Country where Banks are involved in round- tripping and inflated cost to siphon money, is doomed. A Company wants to import Caterpillar worth $50,000. A Bank made the forex for such import $550,000. Meanwhile no Caterpillar was imported at last, yet the money faded into private accounts. Who strained the Forex exchange rate in that case?

Install cctv everywhere please

Hope no be bomb sha?

You're nothing but olodo bro. Imagine these your leaders in khaki, will that change anything to good than to shut your mouths finally .

#STATEPOLICENOW#

She should be arrested. Even the white invent it does not sell it publicly .

Okoroawusa:
Port Harcourt Refinery is ready


I Love PMB

I Love Bola Ahmed Tinubu

check yourself bro, is it not what obj advised before?

These people dey marry each other , come here fight.

Better let it be.no gree for terrorism

As if the most fairest election under you see the light of the day. Abeg make una leave us, na where una lead us be this