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Wednesday, May 01, 2019

Nigerian History...

Currency exchange rates in 1983...





- The current population of Nigeria is 200,044,531 which is 2.6% of the total world population. Source: United Nation

from Nigerian facts on twitter.

7 comments:

  1. And Buhari overthrew Shagari that year for corruption?
    What a shame!
    And he is back again giving excuses?

    ReplyDelete
  2. for an underdeveloped nation such 1983 exchange rate isn't favorable for the economy. It gave rise to dumping of all sorts, and I tell you the whites knew what they were doing to price our naira at that value. China currently buys more dollars from the parallel market despite having the largest foreign reserve. This they do to maintain a moderate exchange rate so as to keep making their economy marketable for investors..

    ReplyDelete
    Replies
    1. So $1 to 362 naira don help our country from being a dumping ground? Where are the 80s manufacturing companies likes of Peugeot Nigeria Ltd, Volkswagen,Steyr,Leyland, Dunlop etc. We need to wake up.

      Delete
  3. Imagine?
    1 naira to 1 pound

    ReplyDelete

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