https://thecitizenng.com/no-uncle-sam-the-nation/ Nigeria's leading online newspaper Wed, 06 Apr 2016 18:51:00 +0000 hourly 1 https://wordpress.org/?v=6.9.4 https://thecitizenng.com/no-uncle-sam-the-nation/#comment-1162 Wed, 06 Apr 2016 18:51:00 +0000 http://thecitizenng.com/?p=76709#comment-1162 How can USA be asking NIGERIA to devalue NAIRA…when it had no interest in Nigerian Economy.,USA used to buy Nigerian crude oil when the price is $9.00 per barrel or below.Remember President CARTER of USA was in Nigeria begging Nigeria & Nigerians to supply USA more CRUDE OIL in 1979. Unfortunately Carter realized the importance of Nigeria’s crude oil too late. There were petroleum shortages across the lengths & breadth of the USA.& President Carter LOST the 1980 USA PRESIDENTIAL ELECTION TO RONALD REGAN.
Now USA is no longer buying Nigeria crude oil , hence came INDIA & CHINA..who are current buyers.because oil is very expensive@$110.00 per barrel…but price had fallen to $35.00,..if Naira is devalue from current exchange rate of NGN 199.000 to the Dollar, say to NGN 400.00….Nigeria imports will be expensive & Nigeria exports will be cheaper to buy in the international marketplace. It is In USA interest to devalue NAIRA & makes NIGERIAN OIL Cheaper to buy., whereas it is in Nigeria & Nigerians interest not to devalue…..
In world politics there is no permanent friends bit permanent interest….Go FIGURE

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