RichYoungNigga:
What do you think about the fall of Naira ??
The Nigerian economy thrives primarily from oil sale but you guys can see how the oil prices have gone down.

Iran oil sale ban was lifted last month meaning they are now eligible to sell oil and these guys do produce oil in large quantities and they can sell at any price.

I've been monitoring the death and fall of naira and i don't see any solution to ressurect it.

Today the exchange rate at the black market is $1 to 310 naira and i don't see it going down

angels09:

Oil is not a good solution to the Naira fall..... Manufacturing is the best way out

RichYoungNigga:


What do you suggest we manufacture ??
China is the only manufacturing country in the world, Even the items used in the U.S are manufactured in China.

Even if you manufacture anything, the Chinese will still produce those items and sell it at a cheaper rate, after the buying and shipping cost, you Will still make more profit than those that patronizes the local manufacturing facilities.

lofty900:
The price of oil will soon go up and if that happens, the naira will appreciate in value

angels09:

What we consume is a good place to start

RichYoungNigga:
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Unfortunately, we don't import what we consume.

angels09:


Clarify

RichYoungNigga:

What do we consume ??
Rice, Garri, groundnut oil, meat ??
These items are not imported.
We don't import what we consume

angels09:


Clarify
Shirts... Trousers..... Clothes in general..... Fuel yes fuel....byproducts of refining.... Rice yes rice....sugar.... Canned foods.... Even toothpicks....

RichYoungNigga:


The U.S is behind the fall in oil price.
The ISIS, Am Qaeda and other terrorist groups make money selling oil.

That's why the U.S government went into action, lifted the ban on Iran so they can begin to sell oil and they can sell at any price and they're the leading oil producers.

The Isis and al qeada slashed the price of their fighters from $1,000 a month to $200 a month and almost 500 fighter left the terrorist group.



The U.S will continue tempering with the oil prices so as to decapitate the terrorist groups

RichYoungNigga:


The U.S is behind the fall in oil price.
The ISIS, Am Qaeda and other terrorist groups make money selling oil.

That's why the U.S government went into action, lifted the ban on Iran so they can begin to sell oil and they can sell at any price and they're the leading oil producers.

The Isis and al qeada slashed the price of their fighters from $1,000 a month to $200 a month and almost 500 fighter left the terrorist group.



The U.S will continue tempering with the oil prices so as to decapitate the terrorist groups