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Naira vs Dollar: Comparing Each President's First 2 Years in Office. - Politics (5) - Nairaland 3x2n5z

Naira vs Dollar: Comparing Each President's First 2 Years in Office. (19274 Views)

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jimi4us: 1:40pm On May 30
Front0lane:
Goes viral where Alaigbo or ipob online platform
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣





This is the scorecard of a criminal from Yoruba land

2 Likes

shortgun(m): 1:45pm On May 30
RISQUE:


The builder of Lagos grin cheesy grin cheesy grin cheesy grin cheesy grin the mentor of Heli and Yari. grin grin cheesy cheesy grin
The divider of the Atlantic Ocean has collapsed the Nigerian economy with balablu policies grin grin grin

2 Likes

Hemanwel(m): 1:48pm On May 30
kingbee90:
sad
This has vindicated my claim that Tinubu is the worst president Nigeria has ever had since 1960 while GEJ is the best president we have had since 1999.
Through out Gej's tenure, our Naira/Dollar exchange rate barely moved.
You forgot the person who managed the economy at that time? Just so you know: it was Dr Ngozi Okonjo-Iweala - the current DG of World Trade Organization!

I wonder if it was the same Macroeconomics knowledge which NOI used to coordinate our economy then the current minister has.

1 Like

RISQUE: 1:51pm On May 30
shortgun:

The divider of the Atlantic Ocean has collapsed the Nigerian economy with balablu policies grin grin grin

His mentees are always blind people that's why I don't blame them at all cheesy grin Jonathan is clueless, Jonathan is clueless now we have seen the real clueless one. All they keep surviving on is propaganda here and there.

2 Likes

Emtol01: 4:04pm On May 30
AdesegunSanni89:
God bless President Tinubu for stopping forex subsidies that made some people billionaires overnight .
They were not happy because he stopped their dubious business . No more petrol subsidy, No more Forex subsidy, real value of Naira is known to everyone.

1 Like

Fearurcreeator: 4:28pm On May 30
shortgun:

As you can see, there are now statistics to prove that Tinubu is the worst president since 1999.
No more denying, it's now official
grin grin
You dey hype subsidized currency. Most of you are just idiottz

1 Like

Typing: 4:33pm On May 30
GodPunishOsu:



How dare you say this about the man your sultan worshipgrin

Northerners can never worship any Yoruba man
GodPunishOsu: 4:39pm On May 30
Typing:


Northerners can never worship any Yoruba man


Dey play,Tpain has pocket all your leaders with 2 packs of indomie noodle eachgrin

1 Like

abibun: 4:45pm On May 30
AdesegunSanni89:
God bless President Tinubu for stopping forex subsidies that made some people billionaires overnight .
but drove millions into poverty

1 Like

nairalanda1(m): 4:46pm On May 30
The funny thing about this thread is that it has become abuse galore. Many people are not talking about the reason why, they are instead saying GEJ is better than tinubu, or that tinubu is a wise leader that took the tough decisions.

The truth of the matter is both tinubu, gej, and buhari, and company are all disgraces when you consider that naira was N1=$1 as recently as 1978. Even in 1984, it was $1 to N1.20. BY 2012 it was N120 to $1 (GEJ ers will claim he slowed down the rate) now it is N1500 to $1 (Agbadorians will praise their lord and master for taking hard decisions).

When instead we are watching the slow death of our currency.

Our currency has been dying since 1973. It is only now that thanks to our running out of oil money we know the extent of its death. And that is because, we , as a nation, at independence , instead of following countries like South Korea and even China, were busy trying to build castles in the cloud with resource money, then oil money. Money that was not enough...because....WE DO NOT CONTROL THE PRICE.

South Korea, China, Japan and many other first world countries have strong currencies because they export and export manufactured goods and services, and run economies based on innovation and science and more innovation. Here in Nigeria, we sell oil, share the money, refuse to collect tax and pretend all is well, and when the cracks happen we play tinubu vs GEJ. We don't want to face our problems.

If we were selling made in Nigeria and selling it abroad...we would earn so much forex that we would have a very strong currency as a result. By now , if we had chosen industrialization in 1960 OR even 1970...when Gowon started the first National development Plan.. N1 would have been 1$.

Instead we fight over oil money.

Manufacturing economies simply print dollars. And have strong currencies...because they control the prices of the stuff they Manufacture.. See oil. We need oil to be 80 dollars to have enough for our budget for this year without borrowing. Oil has been below 70 dollars for the last 4 months. NATURALLY we have to borrow. And we cannot raise the price of oil to 130 per barrel. Our buyers will just head next door to Cotonu for better deals. Benin produces oil too. And then Niamey.

And we ran out of dollars a while ago. SO, we don't have dollars to buffer the dying naira...so its dying has been made manifest.

APC is responsible for this mess because they did not diversify the economy. They have been in the driver's seat since 2015. they deserve every abuse they get.

But so also GEJ, who squandered oil money like there was no tomorrow. And all our past leaders.

So drop the fighting and ask our government, or whoever takes over in 2027 to develop an economy based on innovation. Make sure our education system is very meritocratic...that's how the Asians do it for example. Fight corruption. But at the very least, let us leave that oil alone and use what we have to make stuff the world needs.

I have been saying that for over a decade, and people dey call me agbero.

Right.
AdviserGeneral: 4:48pm On May 30
AdesegunSanni89:
God bless President Tinubu for stopping forex subsidies that made some people billionaires overnight .

Imagine someone's reasoning! He stopped subsidy to prevent few people from becoming billionaires overnight, and impoverished over 200 million Nigerians. What an excuse for failure. I believe you attended the same school with Reno Omokri.

1 Like

PDPdestroyer(m): 7:13pm On May 30
So, a nairaland mod found this piece frontpage worthy? Wow!!! shocked
shortgun(m): 7:37pm On May 30
PDPdestroyer:
So, a nairaland mod found this piece frontpage worthy? Wow!!! shocked
You don't want people to know that Tinubu has failed completely?
surgical: 8:15pm On May 30
Emtol01:
They were not happy because he stopped their dubious business . No more petrol subsidy, No more Forex subsidy, real value of Naira is known to everyone.
your mum na long one,it's like cutting your nose so you spite your face,to what end is this policy now,what has it achieved, the people you think your government wants to purnish are they the only one suffering if at all they are suffering, if curses kills people, Tinubu would have been dead now from curses rained on him by Nigerians in pain because of his stupid policies
He is not a wise ruler at all
For your information currencies are devalued to achieved certain set objectives, non of which is what you have stated
Currencies are achieved to encourage production so the country can earn more foreign exchange, in Nigeria case which production for export has been encouraged to expand since the introduction of the useless policies non,infact multiple companies are shunting down
femi4: 8:26pm On May 30
shortgun:
NAIRA VS US DOLLAR AFTER FIRST TWO YEARS IN OFFICE

How much $1 exchanged against ₦ in first 2 years in office:

TINUBU — ₦461.56 to ₦1,590.75 | 244.7%

BUHARI — ₦197 to ₦305.35 | 55.0%

JONATHAN — ₦153.39 to ₦155.74 | 1.40%

YAR'ADUA — ₦126.3 to ₦146.7 | 16.2%

OBASANJO — ₦74.90 to ₦80.89 | 8.0%

#Statisense
(CBN)

https://x.com/StatiSense/status/1928167012959731931?t=QYcuKXXURf82j4EHhoAE3A&s=19
16.2% at a short period...yet Nigerians see him as an angel
bal4real: 11:05pm On May 30
RichBoy247:


If you don’t go and concentrate on your life, you will end up becoming the statistics

Truth is bitter, they say.

You lots are always angered whenever the truth/fact is said.

Kiss the truth
ufotunang: 11:05pm On May 30
461 naira to 1,590 naira ?...this are the results of voting an incompetent president and people into power ..it's a pity
ScarletBrace(m): 3:15am On May 31
shortgun:
NAIRA VS US DOLLAR AFTER FIRST TWO YEARS IN OFFICE

How much $1 exchanged against ₦ in first 2 years in office:

TINUBU — ₦461.56 to ₦1,590.75 | 244.7%

BUHARI — ₦197 to ₦305.35 | 55.0%

JONATHAN — ₦153.39 to ₦155.74 | 1.40%

YAR'ADUA — ₦126.3 to ₦146.7 | 16.2%

OBASANJO — ₦74.90 to ₦80.89 | 8.0%

#Statisense
(CBN)

https://x.com/StatiSense/status/1928167012959731931?t=QYcuKXXURf82j4EHhoAE3A&s=19



You see the difference between the enlightened and the illiterates.
From Buhari up to Tinubu you see pure cluelessness and stupidity in the power

1 Like

ScarletBrace(m): 3:27am On May 31
Procashtips:
That of Jonathan is not true.

https://www.researchgate.net/figure/Annual-Naira-Dollar-Exchange-Rate-1960-2014-The-Wholesale-Dutch-Auction-System-WDAS_fig1_335869683

I buying dollars between 195 and 210 during Jonathan's era.

That was pounds sterling exchange rate. Not dollar.
Nwaiyoo: 12:31pm On May 31
I never believed Buhari would be better than anybody till Tinibu came to power😁😁😁😁
OALandAgents: 1:44pm On May 31
Fake statistics cooked to favour PDP Govts.

Abacha died with Naira #22 to dollar

Assuming Gen. Abdulsami handed to Obasanjo in 1999 at #35 to Dollar
In 2001 it was devalued to about #96 / $
So after 2 years Obasanjo had Naira devaluation of (174% devaluation)

YaraDua met exchange at #123 / $ and after 2years it was about #143 / $. (16% devaluation)

Jonathan met it at approx #148 /$ and after 2yrs it was approx #158 /$ (7% devaluation)
OALandAgents: 2:17pm On May 31
Fake statistics cooked to favour PDP Govts.

Abacha died with Naira #22 to dollar

Assuming Gen. Abdulsami handed to Obasanjo in 1999 at #35 to Dollar
In 2001 it was devalued to about #96 / $
So after 2 years Obasanjo had Naira devaluation of (174% devaluation)

YaraDua met exchange at #123 / $ and after 2years it was about #143 / $. (16% devaluation)

Jonathan met it at approx #148 /$ and after 2yrs it was approx #158 /$ (7% devaluation)

Buhari met #259/$ and 2 years later it was #319/$ (23% devaluation)

Tinubu met #670/$ and now today, 2years later it is #1900/$. (183% devaluation)

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