Nigeria's Economy & The Relentless Rise Of The Dollar
Nigeria's Economy & The Relentless Rise Of The Dollar
The relentless surge of the U.S. dollar against the Naira has sent shockwaves through the Nigerian economy, driving up prices across all sectors and making everyday life increasingly difficult for millions of Nigerians.
In the past year, Nigeria’s Naira currency has tumbled half its value against the dollar.
This represents a 51.49%…
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If BRICS works out, lets join them and stop depending on the dollar
The right title of this video should be, "Why the naira keeps losing value against the falling dollar". The dollar is becoming worthless within the US itself. It has lost about 96.8% of its value since 1973 and no longer backed by gold which gives a currency, any currency at all its true, real value. The biggest mistake of this administration is to float (auction) its currency against international currencies. How can any one with a brain, get any real value out of the auction of anything that has very poor, or no value at all as nigeria as done?..smh
Dumb govt
Nigerians are smarter than this …
@channels your graph is misleading.
1970–1980: -23.94%
1980–1990: 1511.11%
1990–2000: 1118.39%
2000–2010: 47.17%
2010–2020: 198.08%
2020–2024: 244.09%
Abi una no go school🤦♂
April to August or even this September is how many months? What made Naira lost almost 100% of it's value in less than 4 months? Incompetence well defined. People that have no clue how economy works should not go near power.
Dollar is inflating naira is just inflating at a faster rate due to economic mismanagement
All lies. The govt is the imposter here. They print money, they know the subsidy cabals. But they decide to play economics games with Nigeria. All bullshhit
I am saying importation is not the problem of the Naira, the politicians need to stop the continuous stealing of the Naira which they are changing into dollars. It is the huge amount of Naira stolen that has been stored in the dollar, that is why the economy or the naira is weak, if they return all stolen Naira into the Nigerian account the Naira will be stable.
Let them stop lying to the general public of Nigeria. My country people you should not be deceived by this shenanigans lies their painting on importation is too much, if importation is too much what about the stolen which they have taken out change into dollar, is that also not too much. they continuously doing this every government have their money change into dollar.
They will send their children to schools are broad and keep changing huge amount of Naira into dollar for their children's school fees they are the ones who killed in naira not import
The politicians are to be held responsible they are the one who have stole the treasury bill of Nigeria and sold it out, they are the one who have stolen the money the value of the Naira and sold it out it is the huge amount and continuous stealing their stealing and taking abroad
And because all these thieves they continue in stealing the Naira and and the continuous change of the Naira into dollar they have depreciated the value of the naira the politicians are the cost they should be held responsible
The intention of all the politicians is to distort the country Nigeria and to be storing and reserving whatever the stolen in dollars or in gold in order for them to get them back in any given time in any country in any way. They are putting the money in things that will never fade away God will fail all away God will disappoint all of them by the grace of God
That is what the leaders of Nigeria has done their intention is to destroy the country Nigeria so that they can have those money they've stored in dollar move back to wherever country they want to dwell in their future
They have stored all the stolen funds of Nigeria in dollars, even when the Naira Is destroyed they will be spending their dollars comfortably at a good rate. For example if the Nigerian state stopped to exist the dollar will still be in existence and they will be able to use their stolen money which they've saved in dollars. This money these politicians have stolen is a very big huge amount of money, without this money being restored the naira will not be stable. All I'm saying is the money the politicians have stolen from the pulse of Nigerian and they are being stored in dollars not in naira it's the major problem of the dying naira. It's not a small amount of money the politicians have taken and stored in dollars.
Let them stop lying about importation, importation is not the major problem heating the Naira right now it is the huge amount of money they have stolen from the Nigerian reserve from all the resources of west of Nigeria being stored in dollar
My dear people of Nigeria will have to face this reality which is government cannot solve this problem of the rising of the dollar against the Naira because they took the huge amount of money from the country and store them in dollar it is the government himself that is killing the Naira because they have taken away the money
I'm not sure that any government could resolve this dollar rising over the naira because it is the government himself who has taken huge amount of Naira and stored in dollar for their greedy purposes of stealing of which they are not willing to return those money to the naira
It is not the relentless rise of the USD but the further fall of the Naira as President Bola Tinubu is half way in his efforts to boost import substitution and export promotion in the last sixteen months of his administration. He has to spend more time in deep thinking and decision making because choices have consequences. He has made some good decisions and he has made some terrible decisions that are not pardonable in these circumstances. Long Live Nigeria
look how stable CFA or Kenian schilling is compared to NIRA! Gouverment is cruel
That show buhari and tinubu heads to the wrong 🏃♂️ way.
Confused government