Quote from: Fiatless on June 25, 2025, 04:22:41 PM

Quote from: Slimzeee on June 25, 2025, 02:46:07 PM

So, as a well-meaning and Patriotic Nigerian, do you really wish for that to happen?
Or have you just left it to chance, to whatever wants to happen should happen?

If the Naira gains more value it is also to our advantage. The Nigerian economy is not productive, it depends heavily on imports. If the Naira loses value, it will lead to an increase in the price of goods and services. So even you who earn in dollars will spend more when you buy things. Someone could build a house with N5m when the dollar was N750. It will be difficult to build now if you have N20m even now that the dollar is N1600.

But I wouldn't deny that those who earn in dollars have a bigger advantage than people who get paid in Naira. As a patriotic Nigerian, I want the Naira to gain more value because we have to consider others who are not privileged like us. Secondly, a high dollar will lead to inflation, thereby making us spend more.

It is still better to earn in dollar than naira as you will still survive well than those earning in naira which are in same country with you, what most of us earn here in a week is far more better than some persons who think they are doing better work in a month earn in naira, secondly I do not believe that is because high rate of dollar that is making things to be more expensive in the country, there was a period the naira the gaining some value and the citizens thought that since the naira is fighting the dollar so hard now that price of things will reduce but no instead it keep increasing, the truth should be told our leaders are the ones making things difficult for her citizens and honest prayer is for dollar to keep increasing, how I wish I will wake up one day and cheek the dollar rate and $1 is equivalent 2k.