The TRUTH about Inflation in Nigeria - Will $1 Dollar = ₦1 Naira Ever?

[@FisayoFosudo]

What is your favourite way to invest your Naira? Reply below, 👇 let's chat!

[@Alaminjos]

Just buy Suya

[@Marvelioue]

Buy land

[@FisayoFosudo]

@@Alaminjos 😂

[@salaudeensulaimon1119]

Crypto currency

[@ab_dalwa]

I want to go back to the olden days

[@FolaOrekoya]

I’m glad someone is finally teaching Financial literacy to Young Nigerians on KZbin. KZbin shouldn’t be about comedy skit alone. Keep Up the good work Bro.

[@ugoojunior9469]

Lol.. I love this write up.. Believe me, Nigerian youths, I included, have started learning how to make money in the internet. For me, since I found out about AI marketing, my heart has settled down.. Good luck to everyone here!

[@useyourbrainorlooseit8824]

@@ugoojunior9469 pls tell me more about AI marketing. Thanks

[@Lunar_el]

Most definitely

[@mercerdes]

This lad just broke down complex economic concepts in a way that is engaging and insightful. Hats off to you bruv

[@justinanelson9856]

Complex?😳

[@oduemmanuel7178]

hi nice to meet my name sake

[@TechMayor]

An economist speaking 🤲🏽 feels like a Skillshare course

[@ENIIPAUL]

Yunno💃🏽💃🏽

[@JoelSam]

I remember when the Ghanaian cedi was 1 cedi to 1 dollar. Now it’s almost 6 cedis for a dollar. I believe if African countries reduce dependence on imports and export more, it’ll reduce their demand for the dollar and improve exchange rates.

[@MajorrBison]

At least cedis went from bad to good and if care is not taking it will be back to bad again.

[@dw9944]

And it's going down 1dollar : 5cedi. Meanwhile ours is climbing

[@FOhlookajew]

There’s not a lot of manufacturing done in countries like Ghana or Nigeria. What will they export?? It’s sad, but it’s reality.

[@Lunar_el]

Well it's better then Nigeria if it becomes like Nigeria imma love it to thank the most high we get paid in dollars sister

[@victoribironke4527]

This is literally my economics class all over again...lol

[@FisayoFosudo]

It felt like that for me too 😩😅

[@Gerry1738]

But sweeter

[@CaptainJeoy]

@@FisayoFosudo But better, more intriguing and realistic! Welldone man

[@MiDaYiFT]

Bruh fisayo is unstoppable at this point...I'm enjoying these😭😭😭😭💙💙💙💙💙🤔🔥🔥🔥

[@FisayoFosudo]

Thank you 🙌🏾🙌🏾

[@theganiiyat]

Same here 😁

[@Wealthshooter]

He has been fantastic

[@Isaac-gq7eg]

Them emojis tho XD

[@theanisfamily5022]

The way it's going, 1 million Naira will soon be $500 .

[@FisayoFosudo]

😩😩

[@Idowugokeposts]

God forbid!

[@pee-buddy]

@@Idowugokeposts He didn't forbid it from $1,5000,000. Why will He forbid it now?

[@biyistic]

@@pee-buddy well said...naija folks are too religious to face reality. Religion stops them from taking action....99% of Nigerians are living in a delusion that God will come and save them. Continue!

[@2allpeaceNlove]

You read my mind, I was even thinking $100

[@Olufemii]

This was a great video man

[@ReeceMarshallPersonal]

Nigerians are here making a good name for themselves ♥️ 🇳🇬

[@giftmonarchmoses1619]

The nepa aspect as been killer of many dreams. That one alone they weak person spirit. Thank you fisayo for this content

[@ugoojunior9469]

Hahaha.. NEPA no fit affect Artificial Intelligence marketing... I'm glad I found out about it.. Lol

[@hamidoyempemi27]

Greatly Insightful. The NEPA part cracked me up loudly in the middle of the night

[@FisayoFosudo]

😅 Thank you

[@tommy5480]

Its really funny how this video showed up just before I have an exam about inflation ,😅😅😅 Thanks

[@belloomotayo5227]

I haven't watched more than 3 minutes...I'm wowed by this already..Mr fisayo... you're doing a great job..💯

[@FisayoFosudo]

🙏🏾🙌🏾

[@seunnn9382]

I totally agree with naira to dollars can never be equal for now until we can start producing and become a great country of innovation supported by the government. if that doesn't happen it's going to be catastrophic for naira

[@danielemechete6448]

Fisayo is good abeg! 🔥🔥

[@FisayoFosudo]

Thank you 🙏🏾

[@Inspirenation41]

You are correct bro, not just Nigeria alone. It's happening here in Liberia 🇱🇷. In 2016 $ 1 Million Liberian dollars LD was equivalent to 11,000 USD. Right now as I write $1 Million Liberian dollars is equivalent to $6,000 USD

[@jean__fidele]

I love how you’ve managed to breakdown things I thought were complex into the simplest of forms. The Nepa part was hilarious. Great job Fisayo.

[@withAbdullahi]

I have never commented on your videos but this gave me no option but to drop something... I Started following your channel when you had less than 2000 subscribers. I am also a new KZbinr Love tech and Entrepreneurship... keep it up

[@onagite]

I like your finance Friday videos

[@FisayoFosudo]

Thank you 🙏🏾

[@iamtee6844]

Firstly, your content is very lucid. I like the time stamps. I like your simple explanations and comparisons. Keep it up.

[@kachie_88]

From tech to finance. fisayo will soon hold a masterclass on finance & business intelligence

[@humanityfirst2549]

Greetings from Ghana 🇬🇭. Great video bro! Thumbs up!

[@FisayoFosudo]

🙏🏾🙏🏾🙏🏾

[@stranger9216]

Bro, you didn't make mention of the SAP; Structural Adjustment Programme, which constrained Nigeria to deliberately devalue her currency in 1984

[@shanesharpe1660]

Thank you for the analysis man. As a Non- Nigeria living here it does offer some enlightenment.

[@ummiybello4275]

Me after years of watching quality financial content from foreign creators, so so excited about finding this channel

[@qaadironilewura8997]

This is my first year in UNI. Just Nodding in agreement to every Word. Nice once bro.

[@moog6089]

Outstanding info, Nigeria needed to practice a complete sustainability on our approach of rectifying these underlying issues that threatens the collapse of the Country due to lack of proper management brought on by our incapable leaders on how to run a Country and lack management and organization skills. These problems are not just in food items, more also households amenities such as air conditioning, fridge, television and so on, in fact all the electrical and mechanical items that are needed in a households in Nigeria are majorly important to be manufactured. Nigeria need to practice a system whereby 99% of food item, 99% of both mechanical and electrical items are produced or manufactured in Nigeria and if possible 0% import is also necessary at least until a balance in our economy is restored. Adopting these measures will push inflation to an extreme minimal, which would eventually boost our currency and in return things would so cheap in Nigeria as a result. In addition electricity and technology is a must, and should be fundamental in other for those measures to implemented. keep up your good work, you're a very intelligent Man and an asset to Nigeria.

[@kelechiigwe8031]

No cap. The best thing about Fridays now is knowing that Fisayo will drop a finance Friday video.

[@FisayoFosudo]

Honored 🙏🏾

[@mrikeict]

This is how I want lecturers to be... Nice one 👍

[@tokunboakinsara7915]

Good way to use youtube. Thanks for portraying us in good light

[@gabbyangelo2105]

Great vid really educative and informative 👏. In 2031 hmm by then a million naira mayb about 1,500$

[@adedamola8761]

Hey Fisayo, you are really doing well, thanks for the deep information you put out. For now, I feel everyone should convert their savings from Naira to Dollars. No savings should be left in Naira and the unfortunate part is that the only way to get Dollars is in the black market which is costly.

[@FisayoFosudo]

I get you

[@animationoverload750]

Fisayo, you are AWESOME! Its always a joy to see young intelligent Nigerians.

[@juliusbletyadetayoadebowal7753]

The prof in you is evident. Good analysis as always Fisayo. As you opined, until foreign debt is reduced drastically, having a surplus balance of trade and payment, electricity is being fixed for production cost to be reasonable and diversification of the economy, 1 Naira will continue depreciating against the dollar. I love all your finance videos. Thumbs up

[@prsundar9851]

Thanks for sharing your comments Make a note to my trusted Trade , James to help you Make million [phone] he's strategies are top notch🇫🇯

[@abdurrazaq8127]

All I have to say is "Thank you Fisayo". This video has made me a subscriber to your channel. Expecting more from you!

[@ekanemfrancisobong2037]

This is the type of stuff i love see on facebook not naked people acting comedy. Fola yes in the next 10 years 10000000 naira will be like $100

[@ayobamiokla]

Wow... You are a great teacher and strong communicator. You explained with ease and it was well understood... Bravo!!!

[@Uzzlangified]

OMG. Well done my brother! Wow. I am based in the US, and I wanted to see how I could help Nigeria. want to create a company that sources its products from Nigeria and sells it to Nigerians. Your video is very very informative.

[@desreeisibor5855]

But this is content Fisayo!!

[@FisayoFosudo]

🙌🏾🙌🏾

[@Adeyerimi]

When God wanted to create the earth, the first thing he did was say "Let there be LIGHT". Every thing going forward made sense. If 1 000 000 naira will not be exchanged for 500 dollars in 2030, the energy supply (LIGHT_NEPA lol.) must be constant and we start being a productive and value addition based economy. Perhaps we can ask for 24/3-5days instead of 24/7 light to start with (lol). Great content and economics class bro. Keep the good job up. God bless Nigeria! Hmmmm....

[@esirinatufejp7908]

Excellent video. Also as an ECONOMIST, there are other variables which are CORRUPTION. I did an article about NNPC contract where $1.2 billion is added to the bill. What about Round Trips : The heavyweights are involved in the CBN. Nigerians are bleeding the economy. Also ritualists /yahoo plus do causes inflation.

[@DerekTechReviews]

I absolutely love this video and the whole finance Friday episode. Thank you Sir Fisayo

[@FisayoFosudo]

Glad you do. Thank you 🙏🏾

[@otonyebenjack7677]

Too excited to see this channel. FINALLY someone to educate us on Finances in Nigeria.😩 Well overdue. Thanks KZbin for the recommendation

[@tammypepple1745]

Thanks so much for this educative video in plain language. I have so much to say in response that I don't know how or where to starr. The summary is ; 1.WE MUST BECOME A NATION THAT PRODUCES INSTEAD OF A NATION THAT JUST CONSUMES, then will our salvation begin. 2. Instead of encouraging people to invest in acquring assets that will just appreciate overtime, let's encourage them to invest in production, that way overtime we will build momentum and become a producing rather than a consuming nation. 3. We must encourage our people to BUY LOCAL. I believe you understand the far reaching effect of this singular action. 4. We need social media influencers like you to drive home the above points so we can begin to understand how dire the situation is, thereby leading to a mind reset and our eventual redemption. Like I said there's so much to be said but for now, I rest my case.

[@FisayoFosudo]

Valid thoughts

[@Nur__]

You made great points m8, I think 1 & 2 are of utmost importance.

[@jockisaantonino2112]

inflation as it is in Nigeria, the same is in Angola, given the drop in the price of a barrel of oil. $ 1 is 650 Kwanzas Angola, a rate regulated by the Central Bank, already in the informal market is 710 Kwanzas. With regard to the interest rates offered by commercial banks, they are so insignificant, it makes people continue to keep their money at home. But despite the fact that our African politicians do not intervene 100%, so that this situation changes, in my point of view the countries of the West contribute a lot to the misfortunes in African countries, we Africans should be more united. We have everything the West needs, in terms of raw materials.

[@ritarita1394]

I am working on my seminar topic and this video will really help! I am sure that I would cite you in my work, thank you Fisayo.

[@abutymofya6443]

Thanks for this educative video..Zambia is exactly in the same mess..well done brother watching from Zambia..

[@jaybee4577]

I just don't understand why the Government isn't investing in Agricultural manufacturing. I mean it about 17% of the country GDP. Investing in agriculture in Nigeria will result to low hunger crisis and improve Nigerians health (FOOD IS IMPORTANANT). This will also create jobs for many Nigerians who are into Agriculture. Why is Nigeria importing refined oil from foreign oil companies? Why don't we have an active and useful oil refinery in Nigeria? Is Dangote not done with his oil refinery company.? These politicians are going to BREAK HELL OPEN with all this nonsense.

[@nelsonnkana3177]

Your video keeps getting better!

[@prsundar9851]

Thanks for sharing your comments Make a note to my trusted Trade , James to help you Make million [phone] he's strategies are top notch🇫🇯

[@AjayiAy]

Needed something like this to see things right

[@FisayoFosudo]

🙏🏾

[@ucheuzor750tv7]

Pls I want to invest help me

[@somid7777]

Just found this channel, wasny aware any Ngian did this type of content! Absoolutely live it

[@Dosibeluwo]

This is TIMELY and just insightful Good job pls

[@maurosantos145]

Good article. Can relate to this. Same issue with the currency and the economy of Angola overall

[@oyewaleafolabi9637]

Bro your videos have very apt. Thanks for sharing. I really appreciate

[@FisayoFosudo]

Thank you 🙏🏾

[@ojojoshua5974]

Nepa nepa nepa🤣🤣...very Apt analysis..loving this🔥🔥🔥

[@WazirinJosnEnvirons]

The worst thing that EVER happened to Nigeria was having a strong currency. This made it easy to import which led to the destruction of all our fledgling industries and an economy that was rivaling South Korea at the time. Worse it has created entire generations of Nigerian's that feel that a strong currency (not trade not industry like China who fight to keep a low currency to ensure others buy from them) is a mark of value and economic strength, as well as an addiction to subsidies. It will take us at least 2 generations to dig out of this mind set.

[@prsundar9851]

Thanks for sharing your comments Make a note to my trusted Trade , James to help you Make million [phone] he's strategies are top notch

[@WazirinJosnEnvirons]

@@prsundar9851 Let him help you first..I am cool--you think I go to broke babalawo with chicken to look for millions...hahahah

[@SirAtticus]

Well done bro, Really enjoyed your content. We need more Nigerians like u. 👊🏾👊🏾👊🏾👊🏾👊🏾

[@abelalade6651]

This is highly educating. It quickly attracts my subscription at this first watch. I guess 1 Naira can still come back to $1 when the exchange rates reaches N1,000 to 1 dollar and Naira is re-decimated as proposed by Soludo lead CBN administration; and as Ghana also implemented some years back. I'm not an economist o, economist can educate us in the implication of this.

[@meekeverything4937]

Nigerians in Nigeria 🇳🇬 are the most mumu people on earth. For a country that voted incompetent president, corruption plus fraudulent constitution = Inflation

[@roxana-ambersweetman]

Damn! Your explanation is so cohesive, currently watching this to find out how much £40 is worth lol ✨🏆🥰 this trophy is for you!

[@acegamingexperience5653]

Bro isn't this supposed to be a Tech Review channel? That's why I subscribed,

[@larryadah]

Sorry bro, there are bigger issues in Nigeria right now. So now it's more of a mix.

[@victorbob6873]

Very insightful!! The short-lived programme of banks giving you 5naira for each dollar you receive from abroad is absolutely correct, I was wondering why, now I know better. Domiciliary accounts are the way to go and I'm looking forward to opening one soonest. New subscriber here☺️🙏🏿

[@ikechukwuiyk-onumah6788]

Pun intended indeed. 😂😂😂 Superb analysis of Nigeria's financial outplay @FisayoFosudo 👏🏾👏🏾👏🏾 I think a deep-dive on an issue basis and designing a solution model with a reasonable timeframe (from becoming agriculturally sustainable to meeting certain global needs/becoming innovative) would walk us through this dream. Such roadmap can actualize the ₦1= $1 by 2050 (70 years from 1981). Not news that developing and revising such model is actually our work as young Nigerians. Sadly, we actually don't recognize that we are blurred from recognizing this task and that is our worst state. Hope this makes some sense.

[@gboyega_adeoya]

I'll have to watch this 5 times to get all of it.

[@ajahemmanuel_]

Even in the next decade, Naira will not be equivalent to a Dollar because when one door closes and another two opens...Average Nigerian wants to make money quick that's why after knowing the implications of Ponzi, we still engage in it. Well great info, I recommend think like economist podcast for any curious mind who want to dive deeper on the topic.

[@FisayoFosudo]

Hmmm

[@adelekejoseph7730]

Thanks for this free content. Wish they've made it so practical like this for us back then in school as many Nigerians lack financial literacy

[@mikolowiskamikolowiska4993]

Econs teacher no get that time if he is to cover the syllabus

[@adelekejoseph7730]

@@mikolowiskamikolowiska4993 All of them dey teach out of frustration cuz how much dem dey collect sef

[@thenigerianfile]

I still have a 50 Kobo note from when that was worth $1.00 USD. Enough for Fan Ice for me and my cousins. *sigh* . Great work sha.

[@Coupletalktech]

$1 will never be equal to ₦1 again. Maybe the competing currency should move out of dollar. US government has been up and doing since 40 years ago to make them and keep as the center of world power. Their policies ensure their economy's growth. The more days go by, Nigeria is kept subject of from a bad leadership set to worst. To major source of this downturn is government. Even if a Saviour emerges, it will take a long time to regain the economy of Nigeria. FF thanks for this detailed video and raising the awareness.

[@ctpl9600]

Even the dollar has lost 99% of its value. Politicians will always inflate money supply via money printing.

[@omodiagbedominicedeoghon4607]

On point.

[@andie_Jones]

Money printing definitely leads to inflation

[@kfelix2934]

@@andie_Jones It does not. Just increasing more money into the supply chain, but with little to nothing to purchase can increases inflation since prices will soar or raises due to the availability or better worded the lack of availability of the goods. The reserves and banks use this and QE to control money or controlling the gates for new money moving into out of the money supply. The bank actually wants you to take out loans ( that is how bank make money ) and then for you to spend. The acts of the two , and how the availabilities of goods at that time is what can make steep raises in inflations. Just this week I've been watching beef, pork and chicken prices increasing by 30-60% just over the last 2 months.

[@oranucarl6018]

Wow. This is very educative. Well broken down knowledge. Thanks.. I don't think the naira will ever be equal to the dollar in worth. Nigeria hasn't invested in technology. And as thus cost of production is high and exports is diminished

[@bravonotutorials3291]

Thanks for this video Fisayo. Your channel is so educative. If more Nigerians can watch and understand your message then maybe they can understand why government is taking some difficult steps.

[@ekenefelix1220]

Talking what step? The money they will still embezzle or save in one foreign country bank

[@2allpeaceNlove]

😂😂😂😂hoarding money in foreign bank accounts steps.

[@charlesenebeli9892]

Amazing content of unmeasurable value. looking forward to next week's content.

[@FisayoFosudo]

🙏🏾🙏🏾

[@Wealthshooter]

Lovely and simplified understanding of Nigeria economy. It's just sad how we know the problem and yet no meaningful effort toward providing solutions. Simply fix electricity alot will fall in place. Kudos @Fisayo

[@bosssteve862]

But who are the souls actually disliking this video?? Or they're bots or something?? Keep up the good work Fisayo♥️💪

[@copycopymotive3222]

I love this ... I think am leaving this country❤️

[@ugonabodaberechukwu835]

This helped me understand how the economy runs. Thanks alot

[@FisayoFosudo]

Thank you for watching!

[@oduemmanuel7178]

Thank you for this video....i have gotten some ideas here for my thesis

[@winnerebunada1046]

Talking about tech is great, but learning about finance is awesome. Thanks man

[@frankmophie6209]

Thanks for your comment contact for more info....

[@frankmophie6209]

2=0=1 9=4=2 4=5=9=6...

[@alexraphael509]

Very nice review but you forgot to mention that if a country devalues their note, price of goods must remain constant. if price level was to rise by the same percentage amount as devaluation then international relative price would not be affected and the economy would remain at its initial equilibrium level. that what we see in Nigeria until regulatory body it set up to check mate price stability we are going no where. Example is,what the sell coke in ph, might not be what the sell it in ebonyi state or say Kano, but the are the same commodity sold for the different prices. but in the US, prices of goods, is stable, regulated, and checkmated. but if price level remains constant, the economy will move positively this can only be achieved when a country has something to produce and sell as you rightly said. when BP, (balance of trade) Is done if export, is high import is lowered, because devaluation is introduced there will be surplus in this situation. which leads to rise In money supply (because the country is selling more product) this actually cause a fall in interest rate because the LM curve, has shifted to the right which in turn increases income. for country like Nigeria to adopted a flexible exchange rate regime, by allowing the power of the" invincible hand"( the forces of demand and supply) to determine the value of currency in the country the should be ready to play by the rules of demand, and supply or else nothing is going to change. Gracias.

[@FisayoFosudo]

I get you. I’m only focusing on the basic explanations so that people can get the gist. If I went into all the details, the video would span 30 minutes.

[@goodboykay6879]

Jizus kryst!!! Do Nigerians hate punctuation???? My head is turning by just reading this. Mad oh!

[@chigozieobadiegwu7500]

Keep doing what you do, you are highly appreciated

[@aeadedoyin]

Insightful! Now I understand quite a number of things. ps. Who are the 2 unlikes. Weird people.

[@ihumsIsaac]

This so good!! Been sleeping on this channel. Binge watching this weekend 🙌🏽

[@FisayoFosudo]

🙏🏾🙏🏾

[@jamesezekiel-olufemi1202]

Oh Fisayo, you are a blessing

[@tersooahire2383]

Love your sleek content bro. More wins🙌

[@tersooahire2383]

@@frankmophie6209 scammer

[@yakkondamaryam6381]

Fisayo Fosudo I expected you to discuss how Redenomination of the Naira could help to increase it's value.I recall that Umaru Yar'adua almost did it around,2006.

[@okorieemmanuel1891]

IM REALLY INTO THISSS

[@HumanProgramming]

Great vids Fisayo! I've got to say though, investing in real estate in Nigeria is just as useless. Someone bought land for N500. in the 70s in Ibadan and was boasting of selling it for N2,500,000 recently. Did the value of his money really appreciate? Using peogeut 504 car as a benchmark; which was sold for N4,000. in the late 70s. Today a brand new peogeot car is sold for about N25m, the investor's N500 was 1/8th of a Peugeot in late 70s. 1/8th of N25m is N3,125,,000. So he lost about N625,000. in value. He'd have done better saving his money in USD.

[@biyistic]

Alot of people do not understand anything about how inflation erodes the purchasing power of your money. Time value of money should be taken into account when trying to determine your real return on any investments aka inflation adjusted returns.

[@paulogo3482]

My brother you did try in this. Kudos. However, even N485 isn't even feasible again. Barter = N496.50 Wallet= N496 Carbon = N496 . Getting things now are seriously expensive and not like producing them here is cheap too. You have insecurity, power problems, area boy settlements, multiple taxation.. Etc . There are parasites everywhere, making sure the money generated from import duties go into private pockets. If government had used import duties to support local productions, either through subsidies or loans and thereby lowering inflation and encouraging spending, things won't be this bad. Because, an economy that spends is a strong and working economy. I think what we do here is discourage spending, discourage saving and thus, discourage investing. We have buffoons and people who literally handles our economy like public school teachers flogging students mindset. But no, economy doesn't work that way.

[@Neddie2k]

Awesome analysis. In 2031 =N=1000000.00 will be less than $500 Only keep cash that you need for emergencies and invest everything assets that will appreciate in value.

[@frankmophie6209]

Thanks for your comment contact for more info.....

[@frankmophie6209]

2=0=1 9=4=2 4=5=9=6....

[@BabangidaIbrahimBabura]

Thanks, you gave me some additional perspective on why our currency will keep on struggling.

[@MiDaY_i]

All the importation ban stuff reminds me of the term "dumping" from economics in sec.school.....the one term in economics i still havent forgotten from back then apart from the law of demand and supply💀

[@petsandanimals4738]

Anything that goes up in Nigeria never come down #fact

[@larryadah]

That Nigerian adage that said "whatever goes up must come down", not when it comes to Naira😂

[@valentinemayaki7126]

This is a very nice video and very educating. Even if we can get Naira in par with the dollar probably we can become so reliant that we wouldn't need to import any thing from other countries.

[@alheraaliyu3523]

i can only imagine the cost and what you risk making this video for us which we appreciate a lot thank you for this and i wonder what to expect next❗. will $1 ever equate 1 naira lol really i hope so just that am not seeing the possibilities tho fingers crossed 🤞🏼 anything can happen.

[@prsundar9851]

Thanks for sharing your comments Make a note to my trusted Trade , James to help you Make million [phone] he's strategies are top notch

[@adedoyinolalemi4827]

This really helped me alot, thanks Fisayo. More grease to your elbow

[@Marvelioue]

So much loving this series

[@FisayoFosudo]

Glad you like them 🙌🏾

[@FOhlookajew]

Thank you for bringing understanding!

[@kayodeakano9758]

Nice Fisayo, but you didn't exactly tell why and how we got here...I think our undoing is the importation of petrol. Apparently for every litter of petrol we import, we have to export like 2 or 3 litres of crude (that's just an illustration). What this means is that our entire oil exports earning is next to none existent in the long run. If we just refined our own petrol, naira becomes stable, and if we can export petrol, naira would come back strong against dollar.

[@frankmophie6209]

Thanks for your comment contact for more info....

[@frankmophie6209]

2=0=1 9=4=2 4=5=9=6...

[@ikmore7709]

Forget about the exchange rate. Focus on productivity! Productivity! That's all. That is the only thing that can save that country. Too many ideal people in the country. Just saying...

[@YusufAhmad-jl5kv]

Hi Fisayo. To be honest with you, I haven't find a better channel to follow and lean than here. Thank you for the values you have always brought in. My question goes - Do you consider BDC as black market or not?? You made mention that the government couldn't provide dollars at less price as such the importers have to buy dollars from black market at higher rates and that inevitably increase the cost of importation and thereby inflation. Now, I'm skeptical if the CBN ban BDC FX to harmonize that and how it would affect the country?? Thank once again.