₦airaland Forum

Brendaniel:
Speak for yourself , you what have you done for Nigeria in that aspect ?

Are you not a Nigerian?

Are you saying you are not also creative?

I'm still actually in my 20s. By the time I'm in my 30s I would have done a lot. Created a lot of jobs too.

Brendaniel:
Till you start and then succeed in your venture then you have no right to call any other Nigerian lazy or dumb, who the hell are you to insult people who are hardworking ?

Who travel out to foreign countries and beat the people there hands down in their own system their government has provided even with the indigenous people there having more advantage sometimes...

Who the hell are you?

I never believed I will ever see the Yorubas from this perspective in my life, did you people say all these during Jonathan's time?

Look at you guys defending nonsense and bad governance all because Tinubu is your tribes man...

Till you have opened your tech company and succeeded in it then don't you ever in your life call Nigerians lazy or dumb who the hell are you?

Nigerians are uncreative I'll say it as much as I want.

ogashman:
So all of u not wits campaigned for tinubu to come and be giving Nigerians useless excuses?

I didn't support or vote for Tinubu. I was actually supporting Peter Obi and was surprised when Tinubu won. Peter obi won in Lagos for a reason but it won't happen again.

WizardOfNG:
Thank you. What we are seeing from Ghana, that even Nigeria used to engage in before Tinubu, is the 419 antics of leaders who do not want to embrace, once and for all, the challenge of growing an economy organically.

OP has eloquently illustrated the folly and ignorance of comparing the robustness of the American economy to the undiversified and essentially mono-economy Nigeria has.

Yet Nigerians foolishly continue to demand 1 Naira to 1 dollar when, as floatation of Naira has exposed, our economy does not deserve to have a strong currency unless we prefer the continuation of the 419 subsidising of the Naira to make it appear stronger than it is, as was the case under Buhari and GEJ etal.



Wherras the best and most economically advantageous option, we should embrace automatically, is to avoid shortcuts and work hard to grow our economy first and then experience automatic and holistic strenghtening of our currency as a natural consequence of such, via efforts to boost trade surplus for example, rather than olodo daydreaming and self-deception.

Ghanaians, as a people, are heavily into deceit. They believe perception is greater than reality. This is why their leaders prefer using central bank 419 tweaks, available to any national central bank Governor, to make the Cedi appear 'valuable' in comparison to other currencies. This is why they redenominated in 2007 in the first place.

If we look at the inherent strenght of the Cedi and it's comparative purchasing power parity, it becomes obvious this is a factually worthless currency that reflects the low worth, low productivity and low growth potentials of the Ghanaian economy.

Facts that no one can hide from discerning and knowledgeable observers not taking in by gimmicks, catchphrases and deception aimed at fooling those illiterate over national monetary policy.

Tinubu, Cardoso and Nigeria are going about things the right way. OP's argument is correct when he insists that it is the genuinely robust and innate strenght of a nations economy that must confer upon said nation a strong currency that is highly desirable and convertible as global currency of trade and exchange of value.

Tinubu realises this and that is why his approach is to grow the Nigeria economy holistically and organically and not engage in the 419 deception of his predecessors who all ran very poor and undiversified economies with Naira artifically boosted to enhance it appearance of 'strenght' to laymen.

People should ask whether any international businessman, even with Ghana currency showing supposed strenght against the dollar on paper, will accept cedis or transact with it as one of the choice currencies of international transaction as they would use dollars, Pounds sterling, Yen etc.

I'm just trying to explain to them to point it out that it's urgent we start producing and exporting a lot more. It's the only legit way to increase the value of our currency. And the fact about exports is that it can be anything. It could be shoes, clothes, agricultural produce. Just produce and export something. We can't keep going on the same path. The reason iphones or laptops cost more is because we import a lot of iphones without exporting much in return.

nedu666:
Oh you are still in planning stage all this while yet you are calling other Nigerians lazy and dumb

Yeah. Nigeria would be a better place if more people were planning to start companies

jamesversion:
You didn't remember this when the whole Yorubaland ganged up against Goodluck Jonathan.

Jonathan was already there for 6 years we had to try something new

specialmati:
that's the target,be patient the agbero chairman,the wisest man from the west,the master strategist,the manufacturer of bullion vans will soon get it there

I even want it to be $1 = #15,000 naira so e go choke gon. Let me see how you want to buy IPhone.

riches4me:
Currency as a product which forms d basis of exchange rates is first about demand and supply.
The demand for dollar in Nigeria is extremely high, dats why it is priced so high, coupled the population of Nigeria.
The supply of it is so limited, we only get it in relatively small amount through crude oil sale.
If the country can produce enough goods and services to drastically reduce the demand, you'll see an immediate reduction in the exchange rate because very few people will want it.

It's not that importing in advent of itself is bad. It's that we should be exporting just as much or far more than we are importing.

nedu666:
You that is condemning ordinary Nigerians as dumb, which company have you started

I'm planning on starting a tech company soon

If Nigerians keep being d*mb and uncreative $1 dollar is going to equal #5,000 naira soon

Ttalk:
Many of you criticising floating of currency are same people that brought us to this state.

Yes, the lust of an average Nigeria is to consume and squandered. Importing all sort of rubbish into the country based on oil production that is less that 2mb/day for over 200m Nigerian is a bad economic policy.

Nigeria have been living on a borrowed life for many years and it takes a man of courage to correct the mess.

What you failed to know is that Nigeria no longer have the resources to defend the naira neither does it have money to pay for subsidy.

Presently, the burden of the previous subsidy and naira defending has placed a huge debt on the country.

Remember the last two years of Jonathan already witnessed money crunch where there's no money to pay salaries and Buhari came only to start borrowing to cover the mess.

Now that we are so lucky to find someone who has put a stop to the self destruction, illiterate and myopic Nigerians are out calling for the head of the president when you should ask yourself what contribution have I made to add value to the Nigerian currency.

Abi. More Nigerians should be taking risks and starting companies.

Zionmdde:
All you guys do is to call youths lazy.
Youths weren't lazy when tinubu led apc were asking Nigerians if $1 to N215 was OK?

You sound naive sha but I won't delve in much.
1st exchange rate won't have gotten to 1600 had tinubu shut his mouth on the handover day, assemble his economic team, sustained subsidy payment while supporting dangote to fast track commencement of production. Once dangote refinery starts, remove subsidy. With that, dollar wouldn't have exceeded 500

Secondly, there is so much corruption that have led to abandoned projects that single handedly could have projected Nigeria's economy
Go to brass, go to ajaokuta, go to ikot abasi and see how trillions of naira investment were abandoned. There are lots of things Nigeria has no business importing, so you guys should stop calling people lazy.

That is exactly my point Nigerians are lazy. Microsoft was started by Bill gates and his friend Paul Allen. They didn't ask the government for anything and today Microsoft, Apple, Facebook and Google are one of the major anchors of the American economy. Private companies and they're one of the reasons the dollar has value. A dollar should equal #3,000 naira this #1,600 is still even better until Nigerians start to think.

DatIgalaDude:
Dear OP, if you know the volume of mineral resources asides crude oil leaving Nigeria everyday that doesn't reflect on our trade balancesheet. Naira should be very close to the dollar. Nigeria is being r@ped daily and our leaders are quiet because of their greed.

Nigerians don't have any ideas. We don't have an animation studio or world class movie studio. No nothing. Time that youths should be building startups they're still asking them to do NYSC. Do you think Americans go for NYSC after university?

Mbanda:
What is tinubu doing in his own part? Don't you think he supposed to create an enabling environment he promised first before other things can set in.

Nigerians like you can be very uncreative.

A lot of Nigerians are weeping, crying and complaining about the exchange rate with the Dollar. They don't know that a country's currency value is directly correlated to the amount of goods they produce and export. The reason a dollar is #1,600 compared to Naira is because America has a lot of companies. They have a lot to things to offer the world America created the iPhone you all use. They created whatsapp, Instagram, YouTube, Google, Twitter or X. From Nike sneakers to Marvel studios to Boeing airplanes. They're American. While Nigeria only exports oil and maybe afro beats. I don't think music brings that much to us in revenue because we're still streaming it on American platforms. Apple music oh, maybe not Spotify cause they're Swedish, YouTube music they're American. So until Nigerians become creative and start building innovative companies the dollar is going to keep getting worse. Nobody is going to give value to a currency that doesn't give anything. The US was built on capitalism. Instead of blaming Tinubu for everything you can solve some of the problems yourself.

gidgiddy:
But if they say they want to go their way as Biafra, it will be people like you that will be ready to fight war

Igb0s must not vote in Lagos.

samstradam:
^^You are wasting your time with someone like him....even if his grandfather was an eyewitness to it, he would spit in his face and call him a liar seeing as the narrative doesn't fit the hate he grew up in and obviously he's struggling to think for himself.

One thing I don't get about this Biafran coup is who was meant to take over from Ojukwu?

Surely after the recent events of the first coup (in Nigeria) no normal human being would plan a coup without being sure who they wanted to take over and install. No soldier (particularly Ifeajuna) would be stupid enough to make the same mistake twice. So definitely if they had someone that was to replace Ojukwu I would imagine it would be someone senior who they respect.....which leaves only Banjo.

So now I ask, does it make sense that Banjo, would plan a coup to put himself in power in Biafra? Could his brain have been so fried that he would think Igbo and other Easterners would listen to him and instruct their kith and kin to follow him to war/surrender?!

Someone should please educate me on who was meant to take over, because unless Banjo was planning a coup for his junior (which is also madness and totally unheard of in the military) I must say it really looks unbelievable that he would have been involved, that's if their was even a coup in the first place.

They killed Banjo for no reason. Today they're crying that they want to rule Lagos. That Tinubu's legacy is bad. They wanted to replace Sanwoolu with another fraud. Sanwoolu that is performing. They want to replace him with another typical fraud. They should come and rule the Lagos first. Igb0s must not vote in Lagos.

Fiscus105:
Next time, you won't vote base on gender sentiment but competency.

A man who once led you with no positive things to point to, but failure and mal-adminstration, most especially during COVID 19.........voters still preferred such unstable character to lead them.

Enjoy your America first in panick mode and turbulence. The BREXIT of yesteryears, where has it taken Britain reach? How has that improved their economy than the remaining Euro?

Baba you're not American or have ever stepped foot in the US. This does not concern you.

JASONjnr:
This is going to make our varsity grow and effective. And I believe lots of our private universities will begin to major up with foreign standards if we're completely blocked from going to Europe for standard education...

No Nigerian university is in the top best 1000 in the world

zuby4real10:
Where is bay area. I have never heard of it before.

It's San Francisco. Silicon valley.

I kuku hate dogs

Wetin concern me who US help

People just being reckless. The police officer is a foolish murderer.

Could have sold it somewhere else and then brought the money

agulion:
Even Tinubu went to Lagos state as a refugee but he criminality claim to be a lagosian instead of his home state of Osun

Lagos and Osun are a lot closer than Lagos and onitsha.

Commentor:
Thank you.

See their receipts.

What about the ones from ogun state?

Nigeria's tech hub is always going to be Lagos

Pharaoh4rin:
I'm super-proud of Enugu. The Eastern region is not counting on one of their states; all of them are trying to develop their Individual states, unlike one region that depends on Lagos and Lagos alone.

I come in peace

We actually depend on both Lagos and Ogun State. Ogun State has the highest number of industrial factories in Nigeria. And maybe Ibadan.

Jestin:
Wait let me call Trump 😂 . He has some explanations to do . Na mumu dey apply for US visa jare

Embassy go just chop their money