nairalanda1:


Because we are not earning enough dollars to buffer it.

Strong economies that are at par with the dollar have something we don't have. Industries that actively export...and crucially, unlike oil, these industries can set their prices as high as they want, and their governments find way to support them.

Oga it is not just the earning of dollars, the major reason is corruption and illicit mopping up of the dollars, even if we make more dollars they might keep mopping it up illicitly making the dollar scarce....

Brendaniel:


Oga it is not just the earning of dollars, the major reason is corruption and illicit mopping up of the dollars, even if we make more dollars they might keep mopping it up illicitly making the dollar scarce....

Nigeria, and most African nations are always broke because we don't earn enough dollars...and until we become a manufacturer of EXPORTABLE goods and services',..well, we can fight corruption, we SHOULD fight corruption, we HAVE TO fight corruption...and we still would be poor....because we don't do what the really big boys do.

ukamowor:
That means flight from Nigeria to London will be cheap??
No more traveling from Benin to Uk abi?
So flights from Lagos to Abuja will be around 20-30k ??

Airlines are now charging in dollars. I checked Qatar website that use to be in naira, Now $$.
Besides they have removed cheaper classes of seats. All seats in economy are now on the highest billing levels. Ie in same economy, where you could find 500, 600 dollar cheap seats, it is no longer available, all is now premium.

Omihanifa:
Despite clearing the FX backlogs of 14 banks the naira is on its way 1,500 naira to a dollar.

if you are in charge of a bank just receiving $100m, will you want to sell at N1000/$ or at N1500/$?

Blackfire:
My aboki told me that d9llar will hit 1500 by February march... and by December it will be 2000




Keep ya emotion this is reality

Lol

Nah everybody online they get Aboki now

Everything about this govt smells lies, lie, lies, lies.....so sad. Exactly my point, u cleared backlogs and rate is heading to 1500/$...aPC na scammers

nairalanda1:




Nigeria, and most African nations are always broke because we don't earn enough dollars...and until we become a manufacturer of EXPORTABLE goods and services',..well, we can fight corruption, we SHOULD fight corruption, we HAVE TO fight corruption...and we still would be poor....because we don't do what the really big boys do.

I don't have problem with building industries to earn more dollars, my problem with your talk is putting the cart before the horse. Even China had to deal with corruption first before they started building, you want to earn more dollars with corruption alongside.

First tackle the corruption then building industries will be very easy to do, you are behaving like Tinubu putting the cart before the horse, why do you think Ajaokuta steel and even the refineries are not working, are they not projects that should earn us more dollars ?

Those projects have been taking in billions of dollars in every administration yet they have not seen the light of day, why?

Because of corruption, why those projects did not work is because the government did not tackle corruption first, they put the cart before the horse which is the same thing you are doing.

Talk about tackling corruption first before talking about building industries, stop putting the cart before the horse....

Brendaniel:


I don't have problem with building industries to earn more dollars, my problem with your talk is putting the cart before the horse. Even China had to deal with corruption first before they started building, you want to earn more dollars with corruption alongside.

First tackle the corruption then building industries will be very easy to do, you are behaving like Tinubu putting the cart before the horse, why do you think Ajaokuta steel and even the refineries are not working, are they not projects that should earn us more dollars ?

Those projects have been taking in billions of dollars in every administration yet they have not seen the light of day, why?

Because of corruption, why those projects did not work is because the government did not tackle corruption first, they put the cart before the horse which is the same thing you are doing.

Talk about tackling corruption first before talking about building industries, stop putting the cart before the horse....

Even then we have to become an exporter of manufactured goods and services.

We can fight corruption at the same time too.

SIXFEETUNDER:
FG should privatize FAA and central bank and see how the economy skyrocket

Privatise CBN? Stop whatever you just started smoking

nairalanda1:



Even then we have to become an exporter of manufactured goods and services.

We can fight corruption at the same time too.

If you are to advise Tinubu on what to do to earn more dollars for Nigeria, what advise would you give him to make Nigeria a major manufacturing nation and major exporter of manufactured goods?

Brendaniel:


If you are to advise Tinubu on what to do to earn more dollars for Nigeria, what advise would you give him to make Nigeria a major manufacturing nation and major exporter of manufactured goods?

You can answer that question for now. I'm tired, and anyway, I don't like APC or PDP...so...

What you're clearing will build up again.
Clear the roots but not the branches.

nairalanda1:


You can answer that question for now. I'm tired, and anyway, I don't like APC or PDP...so...

Oga it is not about party, it is about personality....

I think this portends goodness for our weakening economy.

Blackfire:
My aboki told me that d9llar will hit 1500 by February march... and by December it will be 2000




Keep ya emotion this is reality

it's quite shameful of you to depend on aboki on economic matters. He is just a trader , he doesn't know how the economy works.

Brendaniel:


You call the damage Buhari did to Nigeria with the support of Tinubu nonsense?

It will take a lot of intentional planning and expertise to reverse the damage Buhari caused Nigeria.
Buhari being president of this country is a terrible mistake in our history. It was 8years of decline and descent into economic anarchy.
Nigeria need to create a political structure and process that will prevent people like Buhari from taking political power.

Brendaniel:


Oga shut up, I should keep quiet while evil leaders like Tinubu and Buhari destroy the country? No way dude, if it pains you that I speak the truth you can join Buhari in Daura...

pele.

Ironbull:


Pls always be positive the Fed govt doing everything to fix so many things if Buhar had been these proactive Nigeria will not be in these deep total economic mess.

Is it his lack of positivity that is responsible for the state of things in Nigeria?

But I thought Tinubu told nigerians that buhari was the only solution to Nigeria's problems?

Are you lying against buhari or did Tinubu lie about buhari?

Ironbull:


Pls always be positive the Fed govt doing everything to fix so many things if Buhar had been these proactive Nigeria will not be in these deep total economic mess.

Is it his lack of positivity that is responsible for the state of things in Nigeria?

But I thought Tinubu told nigerians that buhari was the only solution to Nigeria's problems?

Are you lying against buhari or did Tinubu lie about buhari?

Lanretoye:
pessimistic thinking don shape your your life the way u want,na you borrow them money wey them take pay am.shay na economic hardship come convert your life like thisone.

Is it his pessimism that is responsible for the state of things in Nigeria?

nairalanda1:



Even then we have to become an exporter of manufactured goods and services.

We can fight corruption at the same time too.

How do you want Nigeria to become an exporter of manufactured goods and services?

nairalanda1:

Nigeria, and most African nations are always broke because we don't earn enough dollars...and until we become a manufacturer of EXPORTABLE goods and services',..well, we can fight corruption, we SHOULD fight corruption, we HAVE TO fight corruption...and we still would be poor....because we don't do what the really big boys do.

The dollars Nigeria earns, where is it?

How much dollars is Nigeria supposed to earn before you will say it's no longer poor?

How can nigeria fight or eliminate corruption and still be poor?.

Who are the big boys and what is really that they do?

lilytender:


Privatise CBN? Stop whatever you just started smoking

Yes. They can privatize CBN.

American Federal Reserves (American’s CBN) is a public-private company, being run solely by private individuals.

Check ‘CBN’ of Switzerland too. It’s a private company.

They are more effective than government-run CBN. No nepotism. No corrupt officials. No parapoisim, paddy-paddy, man-knows-man.

It is in our bank that you will see someone who read Forestry or Literature working as bank staff.

I can’t lay my hands on the most up-to-date source of that of the US and I didn’t want to give you what looks like outdated proof. You can read more about it.

But check that of Switzerland here:
https://www.snb.ch/en/services-events/digital-services/faq-overview/qas/qas_unternehmen#t03

Brendaniel:


I don't have problem with building industries to earn more dollars, my problem with your talk is putting the cart before the horse. Even China had to deal with corruption first before they started building, you want to earn more dollars with corruption alongside.

First tackle the corruption then building industries will be very easy to do, you are behaving like Tinubu putting the cart before the horse, why do you think Ajaokuta steel and even the refineries are not working, are they not projects that should earn us more dollars ?

Those projects have been taking in billions of dollars in every administration yet they have not seen the light of day, why?

Because of corruption, why those projects did not work is because the government did not tackle corruption first, they put the cart before the horse which is the same thing you are doing.

Talk about tackling corruption first before talking about building industries, stop putting the cart before the horse....

.
I think say na only me de reason Wetin u reason.

This nairalanda1 has his economic theories backward and inverted at the same time. As far as his concerned everything rises and falls on revenue.

Once there is revenue, everything will be fine as if nigeria isn't earning revenue. He actually thinks Nigeria has a revenue problem and that the country must start earning like EU

Brendaniel:


Oga it is not about party, it is about personality....

.
The guy don run. He dishes out his watery economic theories. By the time you confront him with serious questions, he disappears

lexy2014:



Is it his lack of positivity that is responsible for the state of things in Nigeria?

But I thought Tinubu told nigerians that buhari was the only solution to Nigeria's problems?

Are you lying against buhari or did Tinubu lie about buhari?

Really Why not ask Rev Fatrher Mbaka, Rotimi Amaechi that question in your last paragraph?

Hello I'm not apc infact I didn't voted for Tinubu but he won and as a Southern indegene and the resident I'm supporting his govt and 1 millio of you can't stop me supporting his govt. Ok.

And I beg never in your life link with Buhari I have never supported him or even believe in him so stop talking buhari on my mention. Ok

lexy2014:
.
I think say na only me de reason Wetin u reason.

This nairalanda1 has his economic theories backward and inverted at the same time. As far as his concerned everything rises and falls on revenue.

Once there is revenue, everything will be fine as if nigeria isn't earning revenue. He actually thinks Nigeria has a revenue problem and that the country must start earning like EU

Well, Nigeria can industrialize, and can also fight corruption.

It does not have to make you spill electrons like a teenager.

Or seem wise by asking questions to make others look foolish.

lexy2014:


The dollars Nigeria earns, where is it?

How much dollars is Nigeria supposed to earn before you will say it's no longer poor?

How can nigeria fight or eliminate corruption and still be poor?.

Who are the big boys and what is really that they do?

You know the answer, so why ask me?

Ironbull:


Really Why not ask Rev Fatrher Mbaka, Rotimi Amaechi that question in your last paragraph?

Hello I'm not apc infact I didn't voted for Tinubu but he won and as a Southern indegene and the resident I'm supporting his govt and 1 millio of you can't stop me supporting his govt. Ok.

And I beg never in your life link with Buhari I have never supported him or even believe in him so stop talking buhari on my mention. Ok

Off point



Is it his lack of positivity that is responsible for the state of things in Nigeria?

But I thought Tinubu told nigerians that buhari was the only solution to Nigeria's problems?

Are you lying against buhari or did Tinubu lie about buhari?

nairalanda1:


You know the answer, so why ask me?

I don't know the answer that's why am asking you. Am asking you cos you claimed that

nairalanda1:

Nigeria, and most African nations are always broke because we don't earn enough dollars...and until we become a manufacturer of EXPORTABLE goods and services',..well, we can fight corruption, we SHOULD fight corruption, we HAVE TO fight corruption...and we still would be poor....because we don't do what the really big boys do.

The dollars Nigeria earns, where is it?

How much dollars is Nigeria supposed to earn before you will say it's no longer poor?

How can nigeria fight or eliminate corruption and still be poor?.

Who are the big boys and what is really that they do?

lexy2014:

I don't know the answer that's why am asking you. Am asking you cos you claimed that

You do. You just pretend you don't , so that you can be superior.

I'm not casting my pearls before swine.

Good night, lexy.

nairalanda1:


Well, Nigeria can industrialize, and can also fight corruption.

It does not have to make you spill electrons like a teenager.

How does that negate the following:


I think say na only me de reason Wetin u reason.

This nairalanda1 has his economic theories backward and inverted at the same time. As far as his concerned everything rises and falls on revenue.

Once there is revenue, everything will be fine as if nigeria isn't earning revenue. He actually thinks Nigeria has a revenue problem and that the country must start earning like EU

How can nigeria industrialize?

I thought Brendaniel asked you a question?

Brendaniel:


If you are to advise Tinubu on what to do to earn more dollars for Nigeria, what advise would you give him to make Nigeria a major manufacturing nation and major exporter of manufactured goods?