₦airaland Forum

TRUTHaDDICTED:
Can you also educate us how and why the Naira which use to be above the Dollar in 1980 is now far below the Dollar today?

TRUTHaDDICTED:
As at Today .

*$1 = ₦1652
*£1 = ₦2010
*€1 = ₦1985

*ATTENTION*
Please lazy readers try and read to understand first before rushing to comment.

*In case you don't know the root cause of our problems today, please take time out and read below:*

*42 years ago, precisely on 25/07/1980 the exchange rate was:*
*$1 = 0.80k*

*Are you surprised?*

*Well, we were far more productive in 1980 than we are today.*

*In 1980 the key reasons for economic growth were as follows:*

*1. We were a net exporter of refined petroleum products. Today we import all our refined petroleum products.*

*2. We rode in locally assembled cars, buses and trucks. Peugeot cars in Kaduna and Volkswagen cars in Lagos.*

*3. Leyland produced trucks/buses in Ibadan and ANAMCO in Enugu also produced buses and trucks.*

*4. Steyr in Bauchi produced our Agricultural tractors. And it was not just Assembly, we were producing many of the components:*

*5. Vono products in Lagos produced the vehicle seats.*

*6. Exide in Ibadan produced the batteries, not just for Nigeria but for the entire West Africa.*

*7. IsoGlass and TSG in Ibadan produced the windshields.*

*8. Ferrodo in Ibadan produced the brake pads and discs*

*9. Dunlop produced Tyres in Lagos and Michelin Tyres were produced in Port Harcourt. And I mean tyres produced from rubber plantations located in Ogun, Bendel and Rivers State.*

*10. We were listening to Radio and watching television sets assembled in Ibadan by Sanyo.*

*11. We were using refrigerators, freezers and Airconditioners produced by Thermocool and Debo.*

*12. We were putting on clothes produced from the UNTL Textile Mills in Kaduna and Chellarams in Lagos. They were Not from imported cotton but from cotton grown in Nigeria.*

*13. Our water was running through pipes produced by Kwalipipe in Kano and Duraplast in Lagos .*

*14. Our toilets were fitted with WC produced in Kano and Abeokuta.*

*15 We were cooking with LPG gas stored inside gas cylinders produced at the NGC factory in Ibadan.*

*16. Our electricity was flowing through cables produced by the Nigerian Wire and Cable, Ibadan; NOCACO in Kaduna and Kablemetal in Lagos and Port Harcourt.*

*17. We had Bata and Lennards Stores producing the shoes we were putting on. The shoes were not from imported leather but from locally tanned leather in Kaduna*.

*18. We were mainly flying our Airways, (the Nigeria Airways), to most places in the world. The Nigeria Airways was about the biggest in Africa at the time*.

*19. Most of the foods we ate were grown or produced in Nigeria*.

*We were producing all of the above and many more in 1980*

*Today, we import almost everything. Isn't that alarming?*

*There lies the source of the terrible exchange rate we are experiencing today and everyone reading this has a critical role to play in reversing this very UGLY trend.*

*We have been talking about these problems and more for ages.*

*It is not enough for us to complain about the exchange rate or point out what others are not doing or are failing to do. The key questions are:*

*1. What are we producing now?*

*2. What role are our so-called Leaders/ Politicians of today playing?*

*We are forever shying away from responsibility whereas it is a stack reality and if we don't deal with it, it won't go away. In fact it will get worse*.

*To our dear Politicians, if you don't have the capacity to RESET Nigeria to what it was at least back in 1980 then please stay in your house and don't waste our time.*

*Let everyone of us go back to farm no matter how small*

*ENOUGH IS ENOUGH !!!*


Copied.

whippersnapper:
Anything Africa disgust the hell out of me

Whitecoal711:
Africa my africa

NinjaMetahuman:
Dumb and unnecessary.

Let foreign cartoons be inspiration just like American music was an inspiration for Nigerian entertainment.

No be Everytime you go dey act like China.

Zouzer:
To put it in the simplest of terms, Nigeria has now decided to forget about the things that truly matter, like ensuring the quality of education, healthcare, or infrastructure. Instead, what truly threatens our nation’s future, it seems, are the cartoon characters with suspiciously rainbow-colored outfits. How thoughtful

Usmanovic95:
Ask them if their own children watch local cartoon. Their children are all abroad among the other kids from western world. Their kids can't even Speak the basics of our indigenous language.

WorWorBoy:
Misplaced priorities, Nigerians are dying of hunge.. Fix the damn the economy,and allow people to watch what they use their money to pay for, clueless government.

Yankee101:
The day you realize you’re more important than money is the day you’ll find peace. No matter how much.


Now he’s gone. The money can’t help him. And his family is scattered.

If you ask him, if it were possible now, he’ll rather come back without all that wealth

kettykin:
This man ought to have empowered his siblings so as not to have issues like this

ArigatothankU:
I am ewu but on Friday you slammed your head 5 times disturbing innocent cement in the name of prayer



Try go do extra make e no be say you don fracture your skull o


Israel is smaller than 5 eastern state of the ibos yet they cherish that little country and they are scattered all over including USA , London and France etc they are not aliens .

I don’t know the school of hate your parents attended and then passed down to you , but in politics and diplomacy there are how things work not everything is to carry plank to chase people away in the name of “our land “


You be small pikin sha you will learn 😂😂😂

ArigatothankU:
Breaking
How many of you one—Nigerians helinues and anuses are aware that the West have actually prepared for Nigeria breakup? Many European embassies have already structured their services, divided their application into two jurisdictions. North and South with different requirements for people in Northern Nigeria and different requirements for people in Southern Nigeria.
They call it “jurisdiction”. I want you to take a look at the Visa application at the German embassy in Nigeria.

Mvnster:
typical mugus....put your brain in trash bin and wait for supernatural solution.

phantom:
Borrowing is NOT the problem but what you do with it.

I'm tired of explaining Peter Obis thought process to you BATIDIOTS... it would be like trying to explain PhD quantum physics to a primary 2 dullard.

Stop opening stupid threads on this issue and instead open threads on your iragbiji mannequin who has been struck with the "sokugo" disease.

gidgiddy:
Well, to be fair, Peter Obi is still putting himself out there and subjecting him self to public scrutiny through interviews

Only God knows that Tinubu can never allow himself to be interviewed, not now or ever

9jatriot:
What business does the man even do? The supermarket he was running in the UK flopped, the only other business is one super market in Abuja, there are very many ordinary folks who own supermarket, so not exactly a spectacular business model. What exactly is his business if I may ask?

FatimaAbubakar:
Obi who you call a daft illiterate is an international business man, former governor and a billionaire. What about you? You're wretched and living in a one room apartment, struggling to survive. This shows that you're worse than a daft illiterate.

Kobojunkie:
Only Nigerians can redeem Nigeria. America can believe all it wants but if the Nigerian people do not believe in Nigeria and do not do what it takes to keep it together, it will fall apart and in a way as bad— many even more terrible— as is described in that report.

Botragelad:
Then don't cry genocide when Israel retaliates! 😂

babasolution:
Thing is,you don't know African history, if you knew African history you'll understand.

It's not about fairy tales you read from few European excerpts,we talking about true African history as experienced by locals.

techbro1:
Russian influence is clearly better than US influence. The Americans come to steal and destroy. Russia and China will invest in you

colossus91:
Gods of your ancestors didn’t ask for virgins? Blood? And other sacrifices?

babasolution:
You are just exhibiting your bitter soul

Your talking Benin, Benin that was already a shadow of itself by the time of the British invasions, Benin had destroyed itself in civil war.

Christianity came with freedom was living which also encouraged corruption, truly there might have been less evil under traditional religion but it was with immense fear which was many times abused.

You people just talk like Africa was Uhuru prior to the British or Europeans.

There was a lot of oppression by those that wielded power, things were not as rosy in Africa as people like you paint.

In my village( I use my village as a typical case study) there were scattering of peoples due to wicked oppressive brutal kings,traditional religion aided their power, were they could sacrifice humans at will

Which resources did the British seize, when African rulers were falling over themselves to trade with the British.

Why did the British not impose Christianity on the Islamic north? Don't tell me they didn't have resources. ( they traded kola,nuts etc with the British).

If African leaders( prior to Christianity) refused to trade with the British they won't have been able to invade AFRICA.African leaders opened their territory to the British unlike Japan. in my village, the leaders refused to entertain entry to the British, eventually it was locals that brought Christianity and education.

There was no record of forced conversion in NIGERIA. Many people willingly converted because of the opportunity it provided with education and prospect of working a more lucrative job than ordinary laborious farming.

You are just a bitter soul.

Africa failed itself prior to Christianity

telleyway:
You have missed the important point.
Your question should be: why must nnpc buy from dangote before selling to marketers, why not allow them to buy directly since it's refined locally?
If you understand basic economics, you should know that the more the number of middleman, the higher the price the final consumer will pay.

colossus91:
Lol 😂 my ancestors were not raped sir!