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Naira Devaluation 2015: Jonathan’s Declining Approval Rating Affecting Nigeria’s Economy

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Naira Devaluation 2015: Jonathan’s Declining Approval Rating Affecting Nigeria’s Economy

naira devaluation 2015

Feb 19, 2015 – Naira Devaluation 2015: President Jonathan’s Declining Approval Rating Affecting Nigeria’s Economy, Investors Pulling Out

See details of an email NaijaGists.com received from a US-based investment banker this afternoon

I’m a Nigerian-American investment specialist here in New York. I noticed that most my clients who invest in Nigeria have pulled out. This is because of the approval rating of your President in the western world. This has seriously affected our biz.

The present security lapses being caused by insurgency and frequent attacks on expatriates may also be adding to your Naira devaluation.

Your country will have to do something quick for Naira value to get back up if not am afraid the whole economy may collapse in less than six months.

Please pass this on to those at NSE. I have copied them on this email as well.

Regards,

Mike

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11 Comments

11 Comments

  1. Duru James

    February 20, 2015 at 2:06 AM

    Good for Nigerians

  2. princet

    February 20, 2015 at 3:32 AM

    For Nigeria to bounce bank, another person must take over the CBN. The problem is with Central bank Of Nigeria and nothing else

  3. Big Daddy

    February 20, 2015 at 4:26 AM

    This is the worst government i ever see in my life
    Dollar is 1.00 = 217.00
    Pounds is 1.00 = 320.00

  4. Big Daddy

    February 20, 2015 at 5:13 AM

    Jonathan please STEP DOWN now,if not Nigeria will be like Zimbabwe economic

  5. amy

    February 20, 2015 at 5:26 AM

    TO all GEJ supporters, with due respect to your opinion
    could you explain to me, why you are supporting his govt
    Cos this is becoming Scary to me.

    • iyke

      February 20, 2015 at 9:36 AM

      my broda i use to support him in some tins, but dis 1 i no agree, sometin must be really done b4 is 2 late.

  6. Muhammad

    February 20, 2015 at 10:30 AM

    Abeg stop disturbing mr. Presido , am very sure he inherited that too. So that’s not his problem.

  7. Precious

    February 20, 2015 at 3:43 PM

    Do u people think leadership is very easy or what? If we r given ten people for us to lead and among the ten two is rebilous do u think u can lead successfully. Everything dat happen u people wil cal Jonathan. He is nt the governor of CBN. He is just a man just like everyone of us the oly difference is dat he is privileged to lead us pls lets respect him for once, or is it because he is having pity on us, it dose nt tak him anytin to kill whoever insults his government bt he is nt like dat; d fact dat he is quite dose nt make him a full. U people should go ahead and vote the person dat wil kill u even at the mention of his name. Am nt here to support Jonathan but rather to tell u who d kind of person he is. Pls lets respect him he is still our president no matter wat.

    • Jilo

      February 21, 2015 at 5:01 PM

      Aunty Precious you are wrong when you said Is Jonathan is CBN Governor? Yes! Jonathan is the President of Federal Republic Of Nigeria and his duty is to ensure good governance because around the globe people question the leadership if things go wrong. If Jonathan can not do this let him resign for his inability action. Jonathan is not dumb he knows what is going on around him. It doesn’t take anything to invite the CBN and question him why value of Naira exchange rate is dwindling down against Dollars? If he cannot get a satisfactory answer, he has right to fire the CBN governor and hire another person who can do the job. This is one of the reasons why Jonathan cannot govern Nigeria because once you are his friend or you are in the same political party with him he will allow you to do whatever you like even if the consequence is detrimental to the populace, he doesn’t care. Jonathan may be a good person to you but he can’t lead.

  8. justme

    February 20, 2015 at 6:51 PM

    Nigerians are funny,it is time for Nigeria to split because for so long Niger deltasoil have been used to enrich people from other part of Nigeria without caring for the Niger deltans,do u think God has not been hearing their tears, what about the millions of people that was killed during the Biafra war just because the Igbos wanted their own country,is it right fort people to be killed cos they want to be on their own? Other parts of Nigeria never cared about what happened and is happening to the Niger deltans and the Igbo,it took 400yrs for God to get the Israelites out of Egypt and Egypt suffered,that biblical story is about playing out in Nigeria,we will eventually split and that is when each tribe will appreciate the other. Good luck is actually the moses that will lead some people to the promised land,he is not even aware he is been used to deliver some people from bondage,so only the people that need to be delivered will love him.

    • iyke

      February 20, 2015 at 10:22 PM

      true talk,

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