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Nobody Is Talking About Dwindling Naira Value - Politics (2) - Nairaland 28111c

Nobody Is Talking About Dwindling Naira Value (22956 Views)

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ariesbull: 12:42pm On Jan 18, 2024
nairavsdollars:
This government has failed us
We warbed you, but you think say that it is shouting RONU up and down will help

3 Likes

edogu(m): 12:42pm On Jan 18, 2024
what do you want them to do? Protest? The one they've been doing, what's the outcome? Abeg people don tire.
If we are not careful, with the rate of borrowing by this present istration, naira may end up N2000.

4 Likes

Emma1Oj(m): 12:44pm On Jan 18, 2024
Ibo pple are the ones cashing out in this hard economy because they run the most lucrative business in Nigeria..


They buy locally or import internationally cheap and sell to the masses expensive..

7 Likes

RepoMan007: 12:44pm On Jan 18, 2024
nairalanda1:


Well, a revolution would be welcome, but it won't change the value of the naira.

The naira value can be changed if we become an exporter of manufactured goods and services.

Right now, the value of the naira is dependent on the price OPEC and other people set for oil...which s for 80% of our forex earnings.

If the revolution guarantees an economy that would be a manufacturer of industrial goods for export, I am all for it.
Revolution as in hitting the streets or getting to serious work?
nairalanda1(m): 12:45pm On Jan 18, 2024
RepoMan007:

Revolution as in hitting the streets or getting to serious work?

Both. It is more than just 'Taking over'!
Seunpapa65: 12:45pm On Jan 18, 2024
NSNO:

What exactly will a revolution solve?
Do you think it is easy to start, sustain or experience a revolution?
Has revolution solved the major problems of any nation?
Is a revolution going to immediately increase food production?
So folding our arm and being mute will solve it
Jackyboy: 12:46pm On Jan 18, 2024
Even earning in hard currency self get as e be.....as inflation on goods and services are something else .......
It's well.

3 Likes

Donedeal1(m): 12:46pm On Jan 18, 2024
What else shall people say?.
Calling it dwindling is fair enough

Sometimes we call it lost values

Our national legal tender has lost.
Its value
Its pride
Its glory
Its aura
We now looking at it like a disease

Or virus.
Seunpapa65: 12:47pm On Jan 18, 2024
ariesbull:
We warbed you, but you think say that it is shouting RONU up and down will help
cheesy grin suffer no dey look tribe or select particular type of people πŸ˜‚πŸ˜‚πŸ€£πŸ€£
RepoMan007: 12:47pm On Jan 18, 2024
Emma1Oj:
Ibo pple are the ones cashing out in this hard economy because they run the most lucrative business in Nigeria..


They buy locally or import internationally cheap and sell to the masses expensive..
only partially true.
Average Nigerian spends 60% of income on feeding and the food basket of Nigeria is not Igbo people.

10 Likes 2 Shares

TempleHouse: 12:47pm On Jan 18, 2024
Can Peter Obi revive the Naira
Paraman: 12:48pm On Jan 18, 2024
nairalanda1:


Well, a revolution would be welcome, but it won't change the value of the naira.

The naira value can be changed if we become an exporter of manufactured goods and services.

Right now, the value of the naira is dependent on the price OPEC and other people set for oil...which s for 80% of our forex earnings.

If the revolution guarantees an economy that would be a manufacturer of industrial goods for export, I am all for it.
1 USD = 19.08 LSL

LSL means Lesotho Loti.

What's Lesotho exporting that makes their currency very strong against the dollar? Namibian dollar is also about 20/$, Whats Namibia also producing?

10 Likes

THURAFTERNOON: 12:49pm On Jan 18, 2024
It’s not getting funny any longer.
Please if you are in the USA and can help me with a. Pr.olific survey , please help me out .
qtx(m): 12:50pm On Jan 18, 2024
jimmyvic:
What exactly should the poor masses do?
They have nothing to do right? Be playing, you hear
Nyouth: 12:50pm On Jan 18, 2024
NSNO:

What exactly will a revolution solve?
Do you think it is easy to start, sustain or experience a revolution?
Has revolution solved the major problems of any nation?
Is a revolution going to immediately increase food production?
alot of cowards in Nigeria that's why nothing works in this shithole,

3 Likes

Rumundele(m): 12:50pm On Jan 18, 2024
I am speechless
wink2015(m): 12:50pm On Jan 18, 2024
Prigidypogodo:
Naira is almost 1360 in p2p market and everywhere including the media is silent.

no wahala.
we'll keep increasing our goods price till the poor masses do the needful.


There is a simple solution to manage the decline of the NGN ( Nigerian Naira )

The solution is that Nigeria should go into PRODUCTION.

End insecurity and corruption and face massive mechanized Agriculture.

5 Likes

RepoMan007: 12:50pm On Jan 18, 2024
Paraman:
1 USD = Lesotho Loti19.08 LSL

LSL means Lesotho Loti.

What's Lesotho exporting that makes their currency very strong against the dollar? Namibian dollar is also about 20/$, Whats Namibia also producing?
Your ignorance is astounding.
Rebasing or re-denomination of currency doesn't make it stronger.

1 Like

ABC101FF: 12:51pm On Jan 18, 2024
Leadership is clueless, followership is tribally senseless. They want to borrow again to boost the naira so they said. Whatever that means, it has again successfully negated all principles of economics.
benardtotti(m): 12:52pm On Jan 18, 2024
nairalanda1:


Well, a revolution would be welcome, but it won't change the value of the naira.

The naira value can be changed if we become an exporter of manufactured goods and services.

Right now, the value of the naira is dependent on the price OPEC and other people set for oil...which s for 80% of our forex earnings.

If the revolution guarantees an economy that would be a manufacturer of industrial goods for export, I am all for it.


Thank you for schooling that ignorant fella, even the Obi won't do any different from what BAT has done already, the only thing he would do different is probably reduce cost of the executive ( this in itself won't revive the economy) but an average Nigerian is either too sentimental or dumb to understand real economic issues, buhari really did a bad job with the economy and it will take a lot of guts to get back on track.

2 Likes 2 Shares

Nyouth: 12:53pm On Jan 18, 2024
Paraman:
Can you explain the needful the people should do?

Is anybody forcing you on behalf of Nigerians to import anything?
chai I weep for people like this, people like u are the reason majority are suffering
wink2015(m): 12:53pm On Jan 18, 2024
There should be desolution of the Federal power and Nigeria should go to TRUE FEDERALISM.
SIXFEETUNDER: 12:53pm On Jan 18, 2024
E better make we know whether over population go reduce for naija


Revolution can never happen in Nigeria

1 Like

ufuosman(m): 12:55pm On Jan 18, 2024
What do u want the masses to do?

1 Like

RepoMan007: 12:55pm On Jan 18, 2024
nairalanda1:


Both. It is more than just 'Taking over'!
You need energy to hit the streets. I prefer the industrial revolution to the street one. Though the street one will likely precede the industrial one because we need to instill some fear into the elites unrepentantly ruining the system.
ufuosman(m): 12:55pm On Jan 18, 2024
Prigidypogodo:
Naira is almost 1360 in p2p market and everywhere including the media is silent.

no wahala.
we'll keep increasing our goods price till the poor masses do the needful.
everyone is feed up

1 Like

ABC101FF: 12:56pm On Jan 18, 2024
ariesbull:
We warbed you, but you think say that it is shouting RONU up and down will help
One by one, the freestuff guy, the leo guy are all going dumb here. The economic reality is gradually dawning on them. Them go FEEL IT.

2 Likes

ezegenigbonine: 12:57pm On Jan 18, 2024
Haaa wetin concern mazi okafor for dollar increase abegooooo. Before some people go begin call Peter obi and ipob. It is what it is KO KAN AYE


But wait oo, we will repair the naira the way we repair lagos grin grin grin grin grin
Fuckyoumod: 12:57pm On Jan 18, 2024
NSNO:

What exactly will a revolution solve?
Do you think it is easy to start, sustain or experience a revolution?
Has revolution solved the major problems of any nation?
Is a revolution going to immediately increase food production?
Black man, they castigate and criticize the solutions of others, they will trash your solution, they will give you 1 million reasons why your solution will not work.

Oya, bring your own solution na, nothing.
They can't offer anything and have no solution.

Their solution is status quo.

I want to echo it again to you, THE ONLY SOLUTION TO THE PROBLEM OF NIGERIA IS REVOLUTION.

No policie, no blue print or planning can salvage Nigeria. Because, the same corrupt people and system that messed up Nigeria are still in government.

4 Likes

omojeesu(m): 12:58pm On Jan 18, 2024
Save in usdt e.g. with Yellow Card!

2 Likes 2 Shares

wink2015(m): 12:58pm On Jan 18, 2024
Devolution of the federal powers to the state and regions is the way forward.

People should go and work for their regions or state.

3 Likes

TalkingBird: 12:58pm On Jan 18, 2024
Hypnotism at work.

There is no way out because the world has been caught in the web of the last days.

SO sorry for the situation

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