Altcoins Talks - Cryptocurrency Forum
Local => Nigerian Languages => Topic started by: Thyplaymaker on January 28, 2024, 06:58:45 PM
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Omo the rate dollar tey dey rise lately nor be here ohh let me say around this period last year dollar dey around 745 in naira, but now dollar dey 1436 naira. I know say normally this kind thing now sweet and bitter, for we make e dey into this crypto space because as naira dey rise nah so our cash out dey nice. Just imagin those way buy coin when dollar nah 745 naira and the dollar the person purchase that moment nah $100 (74500 in naira). Con imagine say you con convert am to fiat now the $100 (that would be 143600 in naira ) that means you made extra 69100. Shey u see nice profit even those wey buy coin around December here go still make block.
But the negative part now as dollar they rise like this naira dey die. And things go dey expensive for our country because normally we base on importing goods and before we go fit purchase those goods we have to convert to their currency. So for instance now you hold big money for naira you con convert to their currency e go con small.
How things dey go as dollar dey move you sure say before this year go end dollar nor go hit 2k/dollar in naira.
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This dollar increament of a thing en, e just dey make the price of thing around here to just dey rise anyhow. Even those wey dey earn in dollar sef dey confirm am say e no easy for anybody talk more of ordinary person wey dey earn in tradition fiat currency. Omor I no go lie you, this country don tire me, this no be the country wey Dem promise us before the election, na why I no dey like politics, the scams and lies too much. Just imagine the way we just dey look our own fiat make inflation just dey kick am like football.
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Yeah, not more than 4 months ago, there was still a topic that was being discussed on the BTT-Forum and the OP was actually advising people to hold their fiat in Dollar because the value of Dollar will keep increasing against Naira. When that topics was raised, Dollar/Naira was still around $1/₦1, 000, but just in not time, not even up to a year, and a dollar now is now ₦1, 436. It's quite shocking that the inflation rate is going high every day and the local currency (Naira) keeps depreciating.
With this happening so often, there is no need to be surprised, if the dollar goes to ₦2000 before the end of this year.
The advice I can give to those, that save a huge amount of Naira in the Bank, is that they should never save a huge amount in the Bank, instead they can buy Dollars and hold in their selbst custodial wallet. For example, someone who bought $5000, wenn per Dollar was just ₦750, would have spend ₦3,750, 000, but now, dass ein Dollar is ₦1436, you can imagine the profit they would be making.
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What do you expect from a country that is mainly on consumption instead of producing. We no go get choice of any amount wey those foreign country wey we dey import our goods from to increase their currency to depreciate Naira because we no go fit do without them. If say we country get products wey we dey export in large quantities, to the extend of say na only Nigeria dey fit sell such products to other second world countries, we go get level and we go fit negotiate the price of dollar to Naira because them no say our impact for their country dey important, since them need to depend on us to get such produce. I just dey shame for Nigeria the way our economy dey worse and our Naira don yeye.
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But the negative part now as dollar they rise like this naira dey die. And things go dey expensive for our country because normally we base on importing goods and before we go fit purchase those goods we have to convert to their currency. So for instance now you hold big money for naira you con convert to their currency e go con small.
How things dey go as dollar dey move you sure say before this year go end dollar nor go hit 2k/dollar in naira.
Some experts don already predict say dollar to Naira price go reach 2K, but no specification on the particular month or year wey e go hit that amount. With the way the movement dey be now, if nothing is done to take tackle am, we fit hit that speculated price before we enter half of this year, June.
Those wey dey earn in dollar no go too feel this change and rise in dollar against Naira. To convert from dollar to Naira go still give you the same worth wey you dey get when related to price of goods now as you dey get before. The thing go just be like say, your earnings no dey increase and e no dey reduce.
As e dey be now, i no sure say the government fit tackle this issue again oo. The thing come be like say na base on demand and supply and if na dat consensus e dey follow, the government no fit do anything again about am.
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Dem talk say make we no dey talk negative things about the country, but the plan truth b say things are not getting better. President dey watch AFCON and hand dey meet the citizens. The piple wey dey rule us know say dem no fit fix the problem, but dem still choose to enter. Even those wey dey earn in dollars dey go through thesame thing, because dem dey spend the money for we country.
December self too far for dollar to enter 2K. Around may/June, e go clear for our eye.
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Dem talk say make we no dey talk negative things about the country, but the plan truth b say things are not getting better. President dey watch AFCON and hand dey meet the citizens. The piple wey dey rule us know say dem no fit fix the problem, but dem still choose to enter. Even those wey dey earn in dollars dey go through thesame thing, because dem dey spend the money for we country.
December self too far for dollar to enter 2K. Around may/June, e go clear for our eye.
the stuff just somehow oh guy. Just imagine now nah 1514 nah e dey now for Naira. Like normally we way dey earn dollars normally for even dey smile but. As dollars rate dey increase like this price of things now go be boom. I remembered that time I buy dollars 745 last year now now dollar duh hit 1514. This kind period to leave yah cash in fiat is not a good idea ohhh. If you dey leave am for fiat e go hard you to keep up with how things tey dey recently if nah to keep most for dollar and leave some for bank make you tey cover some certain expenses. Nah only God go fit save we country ohhh even the rich duh dey mind the way they spend funds
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Dem talk say make we no dey talk negative things about the country, but the plan truth b say things are not getting better. President dey watch AFCON and hand dey meet the citizens. The piple wey dey rule us know say dem no fit fix the problem, but dem still choose to enter. Even those wey dey earn in dollars dey go through thesame thing, because dem dey spend the money for we country.
December self too far for dollar to enter 2K. Around may/June, e go clear for our eye.
the stuff just somehow oh guy. Just imagine now nah 1514 nah e dey now for Naira. Like normally we way dey earn dollars normally for even dey smile but. As dollars rate dey increase like this price of things now go be boom. I remembered that time I buy dollars 745 last year now now dollar duh hit 1514. This kind period to leave yah cash in fiat is not a good idea ohhh. If you dey leave am for fiat e go hard you to keep up with how things tey dey recently if nah to keep most for dollar and leave some for bank make you tey cover some certain expenses. Nah only God go fit save we country ohhh even the rich duh dey mind the way they spend funds
We suppose don cum to a conclusion say all this problems no dey our hand, and neither is the solution as citizens. The only thing every man fit do for emself na to hustle hard and perhaps earn more in dollars than in naira.
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Dem talk say make we no dey talk negative things about the country, but the plan truth b say things are not getting better. President dey watch AFCON and hand dey meet the citizens. The piple wey dey rule us know say dem no fit fix the problem, but dem still choose to enter. Even those wey dey earn in dollars dey go through thesame thing, because dem dey spend the money for we country.
December self too far for dollar to enter 2K. Around may/June, e go clear for our eye.
the stuff just somehow oh guy. Just imagine now nah 1514 nah e dey now for Naira. Like normally we way dey earn dollars normally for even dey smile but. As dollars rate dey increase like this price of things now go be boom. I remembered that time I buy dollars 745 last year now now dollar duh hit 1514. This kind period to leave yah cash in fiat is not a good idea ohhh. If you dey leave am for fiat e go hard you to keep up with how things tey dey recently if nah to keep most for dollar and leave some for bank make you tey cover some certain expenses. Nah only God go fit save we country ohhh even the rich duh dey mind the way they spend funds
We suppose don cum to a conclusion say all this problems no dey our hand, and neither is the solution as citizens. The only thing every man fit do for emself na to hustle hard and perhaps earn more in dollars than in naira.
exactly that's the spirit because the day you start to dey depends on government for we country nah that day yah suffering go start ehnn that why man got to stop whinny ( say government nor dey Do this or that ) normally we all know say dem supposed to also dey play their role but as dey not ready man nor fit stay say e go con dey wait without taking any action to make his life better. That why man gat to hustle and anything you doing recently That's good and also profitable. Try dey do am well ohhh because we nor know where this out country dey go.
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Omo the rate dollar tey dey rise lately nor be here ohh let me say around this period last year dollar dey around 745 in naira, but now dollar dey 1436 naira. I know say normally this kind thing now sweet and bitter, for we make e dey into this crypto space because as naira dey rise nah so our cash out dey nice. Just imagin those way buy coin when dollar nah 745 naira and the dollar the person purchase that moment nah $100 (74500 in naira). Con imagine say you con convert am to fiat now the $100 (that would be 143600 in naira ) that means you made extra 69100. Shey u see nice profit even those wey buy coin around December here go still make block.
But the negative part now as dollar they rise like this naira dey die. And things go dey expensive for our country because normally we base on importing goods and before we go fit purchase those goods we have to convert to their currency. So for instance now you hold big money for naira you con convert to their currency e go con small.
How things dey go as dollar dey move you sure say before this year go end dollar nor go hit 2k/dollar in naira.
Bros, is not easy ooo ! Things are becoming higher no money to buy food stuffs, pay for medical bills, wearing of new clothes e.t.c, and you see as dollar they rise things too they rise and Naira they lose its value, how wish say for this country make they do away with dollar, even though they no go do away with it, at least we should not make it as our first priority for the successful of our future (life) the thing wey I Dey mean ba, make we make naira our first choice. But still we go Dey pray to papa God for betterment of our count if not they way things they do it’s not funny at all.
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Everyday our naira dey grow weaker while dollar dey rise like bread wey dey on fire. As you talk am, I no go dey surprise if $1 touch N2000 before the end of the year and na wetin dey follow make things dey cost for market. The way the country dey go, instead of man pikin to save in fiat, the smart thing na to convert your fiat to Bitcoin, stablecoin or use domiciliary account and save foreign currencies. That way as dis currencies dey rise naso your investment go dey add weight.
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Omor my brother, dollar just dey increase this few days and the way e be, be like say e go even reach 1500 per dollar for next month. This no be wattin we been expect from the government before oo, now with this current price na so things just cost anyhow for the market any where you go Dem go tell you say dollar don increase and this na major problem for the country, we just dey look am less less.
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This our matter just tire me, the way this thing dey go if something or someone no intervene because the matter don pass be careful and very soon we fit even see I dollar as 2k and that time the effect go be so bad wey people go starve well well and things go come worse pass like this. Yesterday I buy one water bag for 500naira something that was sold for 150 or even 100 naira year and this just tell you the influence to how this country has gotten so damage .
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As e be like this, e dey very certain say our cost of living go increase by another 50% by the end of this year. The whole economic situation currently no even dey favour the citizens. If we continue to say lament, e no go fit still change anything. Back in the years wey dollar been dey at 100naira rate, life been sweet for us. The standard of living then and now get better difference. The whole situation just turn worse as the years kept going by.
In the last regime, even though dollar rate been dey fluctuate, at least at the end of the tenure, e been dey at 700naira rate but wetin we go fit say currently. Less than a year into someone's administration, we dey experience a 100% rise in the rate of dollar, Naija which way? This tenure dey like wetin go last for 8years. E dey very risky to even imagine life at this time next year sef because omor e go too choke. How we wan rescue ourselves from this situation wey we use our hand out ourselves.
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I no just understand weti dey happen for we country some people dey predict #2,000 for a dollar before this year go end while some dey predict #3,000 before this year go end. And dollar no dey give up the increment. Him dey rise every day so weti the people dey predict e fit current sef. And because of the increment of the dollar cost of living na 10x. Something wey I buy last year with 5k now na 15k. Garri wey I been dey buy with #300 for one custard now I dey buy with #1600. No be shey dem dey import garri but because dollar ndey go high nai make dem sef dey increase am. So all what I am trying to shey be say dollar nai dey determine the prices of everything in di country.
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Omo the rate dollar tey dey rise lately nor be here ohh let me say around this period last year dollar dey around 745 in naira, but now dollar dey 1436 naira. I know say normally this kind thing now sweet and bitter, for we make e dey into this crypto space because as naira dey rise nah so our cash out dey nice. Just imagin those way buy coin when dollar nah 745 naira and the dollar the person purchase that moment nah $100 (74500 in naira). Con imagine say you con convert am to fiat now the $100 (that would be 143600 in naira ) that means you made extra 69100. Shey u see nice profit even those wey buy coin around December here go still make block.
But the negative part now as dollar they rise like this naira dey die. And things go dey expensive for our country because normally we base on importing goods and before we go fit purchase those goods we have to convert to their currency. So for instance now you hold big money for naira you con convert to their currency e go con small.
How things dey go as dollar dey move you sure say before this year go end dollar nor go hit 2k/dollar in naira.
I understand the fact that the dollar naira rate is fluctuating and the dollar value appreciating while the naira value is depreciating. My point of view is coming from the economic aspects of our dear beloved nation. As far as Nigeria is still bent on consuming and importing of every thing we use, they naira devaluation would still continue. Nigeria is a consuming nation and not a producing nation.
Policies to encourage local production and consumption should be implemented to cut short the excessive importations. Look at Ghana for instance, they consume their produce and import less but rather export more of their local products adding value to the Ghana cedes which is far much stable and valuable than the naira..
If only our leaders would do the needful and stop the be excessive dependent on importations, o believe it would help our economy and strength our Currency.
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Omo the rate dollar tey dey rise lately nor be here ohh let me say around this period last year dollar dey around 745 in naira, but now dollar dey 1436 naira. I know say normally this kind thing now sweet and bitter, for we make e dey into this crypto space because as naira dey rise nah so our cash out dey nice. Just imagin those way buy coin when dollar nah 745 naira and the dollar the person purchase that moment nah $100 (74500 in naira). Con imagine say you con convert am to fiat now the $100 (that would be 143600 in naira ) that means you made extra 69100. Shey u see nice profit even those wey buy coin around December here go still make block.
But the negative part now as dollar they rise like this naira dey die. And things go dey expensive for our country because normally we base on importing goods and before we go fit purchase those goods we have to convert to their currency. So for instance now you hold big money for naira you con convert to their currency e go con small.
How things dey go as dollar dey move you sure say before this year go end dollar nor go hit 2k/dollar in naira.
I understand the fact that the dollar naira rate is fluctuating and the dollar value appreciating while the naira value is depreciating. My point of view is coming from the economic aspects of our dear beloved nation. As far as Nigeria is still bent on consuming and importing of every thing we use, they naira devaluation would still continue. Nigeria is a consuming nation and not a producing nation.
Policies to encourage local production and consumption should be implemented to cut short the excessive importations. Look at Ghana for instance, they consume their produce and import less but rather export more of their local products adding value to the Ghana cedes which is far much stable and valuable than the naira..
If only our leaders would do the needful and stop the be excessive dependent on importations, o believe it would help our economy and strength our Currency.
exactly the dependants of imported goods too much. And now dollar keep increasing things get more expensive. Things getting more expensive equal to more hard labours it would have being good if this our nation still focus on exporting to other nations. When it come to good natural we get am. Government also need to encourage the farmers with resources and good security. There's things certain time they where killing people in their farm land. So alot of farm was scared because of the low security and things became more expensive.
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Omo the rate dollar tey dey rise lately nor be here ohh let me say around this period last year dollar dey around 745 in naira, but now dollar dey 1436 naira. I know say normally this kind thing now sweet and bitter, for we make e dey into this crypto space because as naira dey rise nah so our cash out dey nice. Just imagin those way buy coin when dollar nah 745 naira and the dollar the person purchase that moment nah $100 (74500 in naira). Con imagine say you con convert am to fiat now the $100 (that would be 143600 in naira ) that means you made extra 69100. Shey u see nice profit even those wey buy coin around December here go still make block.
But the negative part now as dollar they rise like this naira dey die. And things go dey expensive for our country because normally we base on importing goods and before we go fit purchase those goods we have to convert to their currency. So for instance now you hold big money for naira you con convert to their currency e go con small.
How things dey go as dollar dey move you sure say before this year go end dollar nor go hit 2k/dollar in naira.
I understand the fact that the dollar naira rate is fluctuating and the dollar value appreciating while the naira value is depreciating. My point of view is coming from the economic aspects of our dear beloved nation. As far as Nigeria is still bent on consuming and importing of every thing we use, they naira devaluation would still continue. Nigeria is a consuming nation and not a producing nation.
Policies to encourage local production and consumption should be implemented to cut short the excessive importations. Look at Ghana for instance, they consume their produce and import less but rather export more of their local products adding value to the Ghana cedes which is far much stable and valuable than the naira..
If only our leaders would do the needful and stop the be excessive dependent on importations, o believe it would help our economy and strength our Currency.
exactly the dependants of imported goods too much. And now dollar keep increasing things get more expensive. Things getting more expensive equal to more hard labours it would have being good if this our nation still focus on exporting to other nations. When it come to good natural we get am. Government also need to encourage the farmers with resources and good security. There's things certain time they where killing people in their farm land. So alot of farm was scared because of the low security and things became more expensive.
Over importation causes devaluation. Too much dependent on foreign goods discourages local production. Policies should be implemented to favour local production and consumption just as Ghana did and it is working for them currently.
With the aspect of security, I would agree with you that this has been a major challenge faced by the people and also farmers. It has discouraged many farmers from going to the farm for the fear of being kidnapped or killed as it has been the challenges in most rural communities and it has caused drastic decline in food crops production leading to hike in price of food crops in the market. Insecurity should be properly handled so that farmers would go back to farming so as to encourage more agriculture production.
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With the aspect of security, I would agree with you that this has been a major challenge faced by the people and also farmers. It has discouraged many farmers from going to the farm for the fear of being kidnapped or killed as it has been the challenges in most rural communities and it has caused drastic decline in food crops production leading to hike in price of food crops in the market. Insecurity should be properly handled so that farmers would go back to farming so as to encourage more agriculture production.
Not only on the aspect of farmers scared of going to farm, insecurity is the core propeller of this our problem too. This menace is so widely attributed to so many things that is eating up the economy like for example, the lack of foreign investor to actually make people invest on our naira because as of now they are so many company that would have invested here thereby strengthen the naira more but the case of insecurities have scared these investors.
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Lack of how to strengthen the Naira is what has made Dollar to appreciate over Naira daily, and this has been a pain on the ass, because the more the Naira depreciates over dollar the more things get expensive in the country. Our government is only after how to borrow money from other second world countries and use the money for their own selfish desires which is worsening the situation in the country the more. Instead of using this money to build our refineries, so that we can refine our own crude and export it to other countries that needs this commodity to strengthen our currency. Instead, they take our crude out of the country to refine and bring it back for usage which is double expenses on the country. How will such country improve their economy when they depend more on importation and consumption.
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With the aspect of security, I would agree with you that this has been a major challenge faced by the people and also farmers. It has discouraged many farmers from going to the farm for the fear of being kidnapped or killed as it has been the challenges in most rural communities and it has caused drastic decline in food crops production leading to hike in price of food crops in the market. Insecurity should be properly handled so that farmers would go back to farming so as to encourage more agriculture production.
Not only on the aspect of farmers scared of going to farm, insecurity is the core propeller of this our problem too. This menace is so widely attributed to so many things that is eating up the economy like for example, the lack of foreign investor to actually make people invest on our naira because as of now they are so many company that would have invested here thereby strengthen the naira more but the case of insecurities have scared these investors.
It is obvious that the existing policies coupled with the security challenges does not favour foreign investors. Not only that, environmental factors and basic fundamentals or amenities if you may like that are to be provided by the government are not in place to support these investors and their investments to boast economic growth which would also boast the naira value have been neglected. The government would need to actively play their role if they want the naira value to be strengthened.
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This dollar increament of a thing en, e just dey make the price of thing around here to just dey rise anyhow. Even those wey dey earn in dollar sef dey confirm am say e no easy for anybody talk more of ordinary person wey dey earn in tradition fiat currency. Omor I no go lie you, this country don tire me, this no be the country wey Dem promise us before the election, na why I no dey like politics, the scams and lies too much. Just imagine the way we just dey look our own fiat make inflation just dey kick am like football.
And e go continue to dey like this and even get worse if our leaders continue to dey overlook everything wey dey happen now, now you no fit use 5k go market buy better thing come back, inflation don hit everything, from the price of the smallest thing to the price of the highest thing, I just tire for everything for this country, my advice for people na say, if anybody just get chance to run comot for this country, make e ruuun, because this one don pass becareful.
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No bi small thing, dollar de rise de go. Nobody de talk. Everything in the market de increase everyday. Even our local produce still de high. I de pity de salary earner wey dey no gree increase dia salary. The only people wey dis kin thing no go affect much na de people wey dey crypto and people wey dey pay with dollar.
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No bi small thing, dollar de rise de go. Nobody de talk. Everything in the market de increase everyday. Even our local produce still de high. I de pity de salary earner wey dey no gree increase dia salary. The only people wey dis kin thing no go affect much na de people wey dey crypto and people wey dey pay with dollar.
My brother believe me the matter affect everybody but just say the dollar earning people go just get slight advantage. Imagine country the sale of things dey skyrocket everyday and you sey people being paid with dollar no dey affected. Nigeria as it stands now need divine intervention because that's the only resort now because the price increase go make so many crazy things happen when people are actually tired of this especially those people wey dey even think of running away because the cost of affording your preparations only fit make you frustrated.
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Lack of how to strengthen the Naira is what has made Dollar to appreciate over Naira daily, and this has been a pain on the ass, because the more the Naira depreciates over dollar the more things get expensive in the country. Our government is only after how to borrow money from other second world countries and use the money for their own selfish desires which is worsening the situation in the country the more. Instead of using this money to build our refineries, so that we can refine our own crude and export it to other countries that needs this commodity to strengthen our currency. Instead, they take our crude out of the country to refine and bring it back for usage which is double expenses on the country. How will such country improve their economy when they depend more on importation and consumption.
I really do not agree with the phrase "lack of how to strengthen the naira" there are lots of policies that could solve the problem of naira devaluation. If only the government could pass a law prohibiting excessive importations and focus on production and exportation of local goods coupled with consumption as well, I believe the naira would gain value. But the truth is that our leaders would never try it because they enjoy the lifestyle they already live based on foreign dependency. Ghana took that bold steps to cut down on importations while they were working on becoming an exporting nation which they succeeded in achieving. Now the Ghana cedes is very stronger and valuable than the naira.
Until Nigeria takes that bold steps to cut down on importations and over dependency on foreign goods and focus on production and exportation of local goods coupled with consumption of local products, the naira would remain at a free fall state.
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I really do not agree with the phrase "lack of how to strengthen the naira" there are lots of policies that could solve the problem of naira devaluation. If only the government could pass a law prohibiting excessive importations and focus on production and exportation of local goods coupled with consumption as well, I believe the naira would gain value.
How dem want take stop excessive importation wey nothing come out for our side as a nation. We no dey produce anything and di small number of companies wey dey try our government no dey encourage dem.
Abi na di recent news wey dey make rounds on the internet about the increase in import duty rate by 48.49%, which no go really discourage businessmen from importing goods into the country but rather go increase our suffering to pro max. Government wey mean business suppose start with the manufacturing and production sector. Dem go pump money put there, when dem see say we don stand, then dem fit come up with policies to discourage importation.
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I really do not agree with the phrase "lack of how to strengthen the naira" there are lots of policies that could solve the problem of naira devaluation. If only the government could pass a law prohibiting excessive importations and focus on production and exportation of local goods coupled with consumption as well, I believe the naira would gain value.
How dem want take stop excessive importation wey nothing come out for our side as a nation. We no dey produce anything and di small number of companies wey dey try our government no dey encourage dem.
Abi na di recent news wey dey make rounds on the internet about the increase in import duty rate by 48.49%, which no go really discourage businessmen from importing goods into the country but rather go increase our suffering to pro max. Government wey mean business suppose start with the manufacturing and production sector. Dem go pump money put there, when dem see say we don stand, then dem fit come up with policies to discourage importation.
The policies are what we are talking about here. Policies are meant for a purpose which would help grow the economy of the nation but to be frank what you have said is still another point of view because even after implementing the policies, they would still break the rules governing the policy. As you have said, raising up the importation due is not the problem but rather the agents vested with the responsibility of checkmating the activities of their own workers from being influenced by these so called importers from doing their job.
If the business men import no issues about it but the price actions is what should be really acted upon by the government but yet the government is doing nothing about it because their croonies are the ones in charge and they believe the citizens would still go after it. That is another area the government would really need to look into but I think it would be difficult because they all birds of the same feathers.
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No bi small thing, dollar de rise de go. Nobody de talk. Everything in the market de increase everyday. Even our local produce still de high. I de pity de salary earner wey dey no gree increase dia salary. The only people wey dis kin thing no go affect much na de people wey dey crypto and people wey dey pay with dollar.
My brother believe me the matter affect everybody but just say the dollar earning people go just get slight advantage. Imagine country the sale of things dey skyrocket everyday and you sey people being paid with dollar no dey affected. Nigeria as it stands now need divine intervention because that's the only resort now because the price increase go make so many crazy things happen when people are actually tired of this especially those people wey dey even think of running away because the cost of affording your preparations only fit make you frustrated.
Are you saying those paid in dollar are affected? Or you mean he should not say that, because other Nigerians are suffering? It is true that people earning in dollar will not be affected. But many people in Nigeria are affected and complaining, but that does not mean we should not talk about the people that are not affected also.
Nigeria is beyond intervention because the solutions to the economy problem need to be gone for, but Nigerian leaders are not literate enough or wise enough to get this right. We continue to be more of a depending nation that is depending on what are produced more from outside the country.
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Are you saying those paid in dollar are affected? Or you mean he should not say that, because other Nigerians are suffering? It is true that people earning in dollar will not be affected. But many people in Nigeria are affected and complaining, but that does not mean we should not talk about the people that are not affected also.
Nigeria is beyond intervention because the solutions to the economy problem need to be gone for, but Nigerian leaders are not literate enough or wise enough to get this right. We continue to be more of a depending nation that is depending on what are produced more from outside the country.
The biggest mistake of this administration was floating the naira against the dollar it wasnt a bad step but it was at a very difficult time when we had nothing in place. A country wey still depends on imports and produces less than what we consume is not in a better place to float currency. Sursidizing the naira against the U.S dollar is also a bad practice, but when you are a consumer country, you have no option than to sursidize the currency.
People mostly affected are those earning in Naira as those earning in dollar can afford and take of things easily.
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A bag of rice is 70k now across the country. And the way dollar is increasing day by day before this year go end him go reach 2k or more and that is no doubt. Really I am not happy of this high cost of living for the citizens. And even as this people are still praising Tinubu, what nonsense is that. And some people are just taking the advantages to do undo others. I don't know what we are going to do legal except revolution which is a massive protest against the bad government. But wait oh, is it that the government is not aware of this cost of living in the country?
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The price dey really go high day by day although e make sense o
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The price dey really go high day by day although e make sense o
Lol for we way somehow dey receive for dollars most time, it's still benefit us small but normally is not all good because things go con dey over expensive now the price is around #1576 the guy just dey rise anyhow t
D way e dey go seff this stuff go reach 2k before this year end
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The price dey really go high day by day although e make sense o
Lol for we way somehow dey receive for dollars most time, it's still benefit us small but normally is not all good because things go con dey over expensive now the price is around #1576 the guy just dey rise anyhow t
D way e dey go seff this stuff go reach 2k before this year end
You guys might be thinking it's beneficial cause you're earning in $BTC at dollar rate but when you convert am to Naira to buy in Naira you go know say the price of goods dey also increase as the value of Naira is weaken. Import and export duties becomes very high. It's currently at $1/1600 and nothing has been down yet. We're approaching $1/2k and that would bring our economy effort down to zero(worthless)
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The price dey really go high day by day although e make sense o
Lol for we way somehow dey receive for dollars most time, it's still benefit us small but normally is not all good because things go con dey over expensive now the price is around #1576 the guy just dey rise anyhow t
D way e dey go seff this stuff go reach 2k before this year end
You guys might be thinking it's beneficial cause you're earning in $BTC at dollar rate but when you convert am to Naira to buy in Naira you go know say the price of goods dey also increase as the value of Naira is weaken. Import and export duties becomes very high. It's currently at $1/1600 and nothing has been down yet. We're approaching $1/2k and that would bring our economy effort down to zero(worthless)
nah the matter be that the money wey u think say you make as extra from converting to fiat, as the rate dey high now that same extra cash this period expenses go still eat am. So I don't see much gain in it because naira dying slowly
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You guys might be thinking it's beneficial cause you're earning in $BTC at dollar rate but when you convert am to Naira to buy in Naira you go know say the price of goods dey also increase as the value of Naira is weaken. Import and export duties becomes very high. It's currently at $1/1600 and nothing has been down yet. We're approaching $1/2k and that would bring our economy effort down to zero(worthless)
Sir Igebotz you have said my mind. I have been an advocate for the devaluation of the dollar for Years. And those who are earning from Bitcoin are intoxicated by it and bitcoin is higher than dollar so they have forgotten the important of the local currency. They don't know that the matter they travel far, they must come back home and when they come back they would not use the foreign currency to eat but the local currency. Dollar and bitcoin can only make them to have money in the country but they can't spent them for daily spending. And CBN has increased the importation duty charges. I am not in support of di dollar increase.