Quote from: Bright0515 on Today at 02:23:11 PM

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 don't want to appear as a preacher of dome but to be honest naira won't equal the dollar in the next ten years. I'm yet to see any long term measure that has been implemented that could see to it that the naira can climb as high as 500N=1$.

But let's assume it happens that the value of the naira to the dollar goes as low as 1$=100N, you might be surprised that it would affect us negative and our working population and lots of guys in the technological field that have shifted thier eyes from local jobs because they work remotely and are being paid in dollar would shift thier attention back to doing local jobs which will increase the rate of competition for the few available jobs and might in turn increase unemployment.

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