Either the government like it or not, dollar is going over $1000 very soon in black market, likely next year, slow growing economy has been a curse since independence.
The issue Nigeria has is the dependency on foreign nations than their own country, that is why unemployment rate has increased, people went to school but later either self-employed or they remain unemployed. Over 90% of graduates are not employed because no job. They should first tackle unemployment, making businesses of their own and how private industries can grow and develop to bring up more private industries, instead has been their old fashion way of thinking that can never help the economy.
what's your take on this? Can the new notes actually strengthen the economy as claimed by the CBN? Your views please!
It is all lies, do not mind the government, they will print money like in the past and they do not have to print more money before they will reduce the value of naira. In the past, money printing are controlled as the CBN was pleased with so would be these new notes.
Nigeria almost 75% export product is crude oil, still some are refined outside Nigeria and the oil are sold back to Nigeria
No car company
No other automobile company
Not producing phone, computer or any other latest technology
Ship are imported too, they lrodice none
As trees are numerous in Nigeria, they import common matches from India
They import generator, no company in Nigeria is manufacturing generator
They import tiles and many other building materials
Not electricity supply to favour companies, all depending on generators
Why won't many Nigerians live below the poverty line
Many people that are born in Nigeria as seen hell on earth
It is normal for a country to import, but if too much, it is not helping the economy and the cause of unemployment which Nigeria needs to tackle, but the leaders are not having the quality mindset and education to believe they can do it, but still always depends more than they should.
Uh....this thread is almost exactly like
this one, and I think the discussion has already been had. Unless new members chime in, you're probably going to get the exact same answers.
You might want to consider just locking this thread up, OP. Anyone please speak up if you disagree.
I have written those before I saw your post, I think maybe this thread should be locked. But Nigerian government people like to deceive their citizens, see what the CBN said, that the new notes will help strengthen the economy which is contrary to what is on the thread on your link.