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Nairaland Forum / Nairaland / General / Business / Why Are Nigerians Still Buying Dollars (29443 Views)
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Re: Why Are Nigerians Still Buying Dollars by Calitoscassius(m): 10:33am On Oct 25, 2023 |
Ikaeniyan0:Well.. what else were you talking about? We should be talking about corruption! why are the government? A whole government waiting for Dangote refinery? This means the whole nearly 300 million citizens are hopping and waiting on one man's (Dangote) project before the country will start working or for the naira to regain. That is the corruption i am talking about. 300 million people and Naigerian economy are depending on Dangote. And as the commentor above asserted rightly Dangote will sell for how much and in the currency ($$$) he wants, co's he will have the monoply and Dangote is not building a refinery to better Naigerians and Naigeria's economy, he will be exporting most of the oil to foreign and neighbouring countries instead. 4 Likes 1 Share |
Re: Why Are Nigerians Still Buying Dollars by NOwazobia: 10:33am On Oct 25, 2023 |
Yourprick:It relates, you are too dumb to understand. You even created a post you can barely defend. |
Re: Why Are Nigerians Still Buying Dollars by Ikaeniyan0: 10:35am On Oct 25, 2023 |
Calitoscassius:This thread is not about corruption chief |
Re: Why Are Nigerians Still Buying Dollars by monex(m): 10:35am On Oct 25, 2023 |
Ikaeniyan0: Ghana has a higher GDP per capita (both nominal and purchasing power parity) than Nigeria |
Re: Why Are Nigerians Still Buying Dollars by LegacyB: 10:35am On Oct 25, 2023 |
kripen: Pls let’s have this conversation in 3 months max. |
Re: Why Are Nigerians Still Buying Dollars by Ikaeniyan0: 10:36am On Oct 25, 2023 |
monex:The Nigerian economy is better than Ghana economy. 1 Like |
Re: Why Are Nigerians Still Buying Dollars by Johnrake69: 10:37am On Oct 25, 2023 |
Ikaeniyan0: Lol… Dangote’s accountant well done. You guys have definitely not learnt anything yet. Continue with your imagination. Lol. Some of us already figured out this things I’m one of the least surprised. And I’m very well prepared to face anything when Nigerian economy bring come. You guys can continue dreaming. Wish y’all luck. |
Re: Why Are Nigerians Still Buying Dollars by Calitoscassius(m): 10:41am On Oct 25, 2023 |
Ikaeniyan0:Okay, this is the problem i am talking about. It's like people who say they don't talk politics but they d be the first to complain about why there are no electricity in their area. Everything in Naigeria is about corruption! from Dangote refinery to the value of naira, to the prices of commodities, as i ve aready said, Naigerians aren running away from disscussing corruption, because they are all corrupt. |
Re: Why Are Nigerians Still Buying Dollars by Ikaeniyan0: 10:46am On Oct 25, 2023 |
Johnrake69:I don't even see why something that has to do with just common sense need all this long back and forth. Dangote is a Nigerian, is refinery is in Nigeria, when people buy his goods, he get paid and his money stay in Nigeria... Almost everybody knows this fact, why you dey argue upside down is what I do not understand When people in Nigeria and outside Nigeria buy refined crude from Dangote refinery... The dollars stays in Nigeria. Nah common sense matter be this. |
Re: Why Are Nigerians Still Buying Dollars by Calitoscassius(m): 10:46am On Oct 25, 2023 |
Johnrake69:That man or woman is one of those people who are in denial of what is happening in Naigeria, he is waiting for Dangote to better his life and the life of his families Dangote is not building refinery for naigerians or to better naigeria, Dangote is building refinery to export his oil to foreign countries. And why does the life of 300 million people and naigeria's economy depends on one man Dangote?. 2 Likes |
Re: Why Are Nigerians Still Buying Dollars by 7upnigeria: 10:47am On Oct 25, 2023 |
Yourprick: It's like you're a learner. Nigeria may collapse if we dont import. And that's because many items we use are imported. Price of products in the real mark is stabilised by continuous inflow of NEW PRODUCTS. The moment sellers observe lack of inflow of new products, they Jack of prices and may even hoard the available products with the aim of selling at even higher prices. Importers need dollars to keep their businesses going even if it means selling at higher prices. There are other forces that affect demand and supply but let's stop here. |
Re: Why Are Nigerians Still Buying Dollars by chinex11(m): 10:47am On Oct 25, 2023 |
Yourprick:how many times has the Nigerian government promised you and fulfilled it? A wise man once said it is stupid to do something repeatedly and expect a different result. Believe the Nigerian government at your own peril 1 Like |
Re: Why Are Nigerians Still Buying Dollars by InvertedHammer: 10:47am On Oct 25, 2023 |
Yourprick:/ When in doubt, bet against anything Nigeria. It is the path of least resistance. / 2 Likes |
Re: Why Are Nigerians Still Buying Dollars by Lifestone(m): 10:50am On Oct 25, 2023 |
SalamRushdie:The $300billion is based on what statistics or what's your source. Or is it barber shop gossip? |
Re: Why Are Nigerians Still Buying Dollars by Acidosis(m): 10:53am On Oct 25, 2023 |
Bovis: Return your certificate to your vice chancellor. Are you consuming the same amount of fuel since subsidy removal? 1 Like 1 Share |
Re: Why Are Nigerians Still Buying Dollars by MrPRevailer(m): 10:55am On Oct 25, 2023 |
Yourprick: Because Tinubu is a WEF agent whose agenda is to destroy Capitalism, global economies to justify the enaction of a global One world system. 1 Like |
Re: Why Are Nigerians Still Buying Dollars by Calitoscassius(m): 10:58am On Oct 25, 2023 |
kripen:They are enjoying it. It is not affecting them, the corrupt politicians are happy the way things are. Like i told one commenter that corruption is the main problem, and he said, the topic is not about corruption. everything in Naigeria is about corruption! I said, corruption is the problem of naigeria. |
Re: Why Are Nigerians Still Buying Dollars by ShootThemAll(m): 11:07am On Oct 25, 2023 |
SalamRushdie: It's crossing 2k before January 2024 3 Likes |
Re: Why Are Nigerians Still Buying Dollars by Kaycee9242(m): 11:10am On Oct 25, 2023 |
Yourprick: Have you not heard that Dangote will import 80 percent of the crude he will be refining? |
Re: Why Are Nigerians Still Buying Dollars by adonuj(f): 11:10am On Oct 25, 2023 |
Ikaeniyan0: Prayer does not make refineries work. Prayer Warrior !!! |
Re: Why Are Nigerians Still Buying Dollars by BrodaBenad: 11:11am On Oct 25, 2023 |
Ikaeniyan0: You think dangote will allow you to buy his petroleum products with Naira? If na you sef you go gree? Someone that sells cement more costly to Nigerians? He's just looking for cheap labour to make money Imagine him bringing small money he'll just convert it and pay off his cost of production cheaply 1 Like |
Re: Why Are Nigerians Still Buying Dollars by Ikaeniyan0: 11:12am On Oct 25, 2023 |
BrodaBenad:Dangote dollars will stay in Nigeria. |
Re: Why Are Nigerians Still Buying Dollars by BrodaBenad: 11:13am On Oct 25, 2023 |
Ikaeniyan0:na you dey keep him money ABI You think those guys keep raw cash? |
Re: Why Are Nigerians Still Buying Dollars by Kaycee9242(m): 11:13am On Oct 25, 2023 |
Yourprick: Are you aware that fuel importation has reduced drastically since the removal of subsidy? How come is dollar still gaining over naira? |
Re: Why Are Nigerians Still Buying Dollars by Ikaeniyan0: 11:15am On Oct 25, 2023 |
BrodaBenad:Nah common sense matter bro. Dangote is a Nigerian, his companies HQ is located in Nigeria. |
Re: Why Are Nigerians Still Buying Dollars by Kaycee9242(m): 11:15am On Oct 25, 2023 |
Acidosis: You just said my mind, that guy no go school abeg |
Re: Why Are Nigerians Still Buying Dollars by TenQ: 11:17am On Oct 25, 2023 |
Ikaeniyan0:It will not sir. Dangote will not buy Crude Oil in Naira from the explorers: he would pay in Dollars and the circle continues |
Re: Why Are Nigerians Still Buying Dollars by BrodaBenad: 11:18am On Oct 25, 2023 |
Ikaeniyan0:If you say so then. Dangote has bad reputation in terms of being fair with Nigerians tho . He was even selling his products costlier to Nigerians. |
Re: Why Are Nigerians Still Buying Dollars by johnchat80: 11:37am On Oct 25, 2023 |
Dollar is not gonna fall soon. It might get to N2000 to a dollar before it starts normalizing. The vehicles bought for the House of Reps and the senate was bought with dollars not Innosson vehicles that is made in Nigeria. If the federal government is still buying foreign made goods how do you think the ordinary man will do? Lets continue to deceive ourselves. 1 Like 1 Share |
Re: Why Are Nigerians Still Buying Dollars by bjtinz: 11:42am On Oct 25, 2023 |
Simple fact: if yourre among those hoarding dollars, but still complaining about the free fall of naira, then your nothing but a hypocritical idiot. 1 Like |
Re: Why Are Nigerians Still Buying Dollars by caracas: 11:46am On Oct 25, 2023 |
SalamRushdie:Before his first tenure you said? You must be a comedian. Oga with the pace the dollar keeps rising before December dollar will get to 3000 naira…. |
Re: Why Are Nigerians Still Buying Dollars by SalamRushdie: 11:48am On Oct 25, 2023 |
caracas: I meant to say 5000 naira |
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