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Author Topic: What if the naira currency takes its shape again  (Read 159 times)
Promocodeudo
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February 29, 2024, 10:20:52 PM
 #21

Following how the Trading market is becoming very difficult for the Nigerians using naira lots of controversies everywhere from industrial products to farm produce this makes the economy very hard for a common man it now seems like the country is for only the rich cause the common man find it very hard to cope.
But there are still people who are happy because they earn in dollar so for this these set of people have no problems even if the naira currency goes high every second but those earning in naira are in tears so there are alot of controversies.

My question to all what if this naira currency takes it shape today what is ur fate what will you say you have benefited from when it was high, cause I still feel that lots of people don't have any savings at all so what will be the difference between you that is earning in dollar and has no savings and a person earning in naira and still has no savings.

I doubt if anyone has benefited as it stands now, even if naira later regains it strength it will be very difficult for anyone to say that he or she has benefitted because if you earn in dollar for example you will convert to the naira and go to the market where naira is been used to purchase food items or other things at the end of the day you will spend more than expected because of either increase I. Transport fair for those goods to be transported where you bought them, it is not an east time for Nigeria as whole, even though nigeriams recovery from this economic hardship, this situation will not be forgotten so soon, it is really not a condition to go through, which ever way you earn be it in naira or dollar the economy must affect you in one way or the other.

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Hewlet
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March 02, 2024, 08:11:42 AM
 #22

Either the value of naira increase or not, it must affect us  because at the end of the day, outside of most jobs that pays most youth in dollar, thier isn't much jobs available in the country. Do you still know that one of the major reason why we've not heard cases of armed rubbery of recent is basically because of the advent of yahoo? Do you think if youth can't do yahoo and the once that are hustling legitimately and are earning in dollar can't get good pay because of the exchange rate crime won't increase in the country?

Untill thier is an increase in the salary of local workers, gain in the value of naira is nothing too big to be apppauded
you've seen it Na.

Now that the naira is even gaining have you seen any positive effect in the price of things?

When dollar been de gain, e be like say the only problem when we get for this country Na the value of our currency and say if e finally come down price of things go drop but now when e don de finally come down no one don reason to bring down price of transportation and goods. At some point it is becoming obvious that we are our number one problem in this country. We don't even know how we found ourselves in this economic mess amd all we are basically doing is trial and error to see what to shift blames to. I believe with time no body go talk much about this whole naira of a thing and the hardship go still continue and everybody go easily adapt to the situation cause Na wetin we de best at doing.

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Justbillywitt
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March 02, 2024, 10:05:16 AM
 #23

Following how the Trading market is becoming very difficult for the Nigerians using naira lots of controversies everywhere from industrial products to farm produce this makes the economy very hard for a common man it now seems like the country is for only the rich cause the common man find it very hard to cope.
But there are still people who are happy because they earn in dollar so for this these set of people have no problems even if the naira currency goes high every second but those earning in naira are in tears so there are alot of controversies.

My question to all what if this naira currency takes it shape today what is ur fate what will you say you have benefited from when it was high, cause I still feel that lots of people don't have any savings at all so what will be the difference between you that is earning in dollar and has no savings and a person earning in naira and still has no savings.
My brother this period na time to survive. When you earn in dollars and go to the market and spend your money at high rate when buying things. This economy is really telling on everyone. I will even appreciate if Naira go back to the way it use to be make things dey affordable. My brother e dey very hard now to save especially when you are earning less money. Who go save money when you never chop, who are you saving for? The best thing to do is to use the little money you are earning and buy food stuffs and stock your house, pay your house rent and other necessary bills. When everything calm down and cost of essential commodities reduce then we can talk of saving.

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