Yyeske:
Some people who hate Buhari will avoid this thread

PrecisionFx:





As Nigeria's foreign reserve increases, The citizens keep on suffering... I'm dumb founded.

baralatie:

yep!
it is called making the mountain out of a Vogel peak

python1:
[s][/s]
If your memory has issues, what makes you think same applies to others? Besides, how will same "vagabonds" who made same announcements of clocking $40b now wake up to celebrate $37b? Again, aren't there appropriate means of verifying claims independent of government official statements? Aren't all these about common sense? Now, to help your memory, announcement preceeding this most recent hovers around $35b. Again, if from $47b to $30b is "wailing", beings suffering from cognitive impairment are not far-fetched.

https://www.nairaland.com/4217318/nigerias-external-reserves-hit-four#63019979

givan:
$36.9 billion - $1billion =...

spartacus11:


The news

plaetton:


Lol.

So you mean that you went through all this ramble and babble just to prove my point that these government figures are nothing but propaganda horseshyte ?

Well, thanks anyway.

Yyeske:
Some people who hate Buhari will avoid this thread

juman:


@bolded.
Gradually, you are getting to where?

This is an insane government.
Totally confused government.
Look, obasanjo saved over thirty billion dollars, where is the money today?
Yet nothing is functioning in the country.

The useless old man president should know that the economy is dead, hunger is killing people.

The confused overaged president should rather build the highly needed infrastructure, the countries that have their infrastructure working well was built by their leaders.

Jesusloveyou:
the lagos-ibadan express road is your Head,
The Onitsha Enugu express road is your head.
The railway going in all the geopolitical zone is your head,
The ongoing seaport in calabar and about to start gelegele seaport in Edo state is what?

phkka1:
Ikpeazu is owing 8 months salary for civil servants.

Buhari made noise all salaries will be paid before this year's Christmas. He cannot match words with action.

givan:
$36.9 billion - $1billion =...

Jesusloveyou:
is your brain functioning?

Your ineffectual buffoon depleted the reserve without a single infrastructure.
Buhari is building infrastructure and adding to the reserve,
That is a great feat.

greatiyk4u:
In every nation where moral values has gone into extinction, people of INTEGRITY like BUHARI are hated.



How can the same people who hail
Yahoo boys
Kidnappers
Baby factory dealers
Corrupt politicians
Slay queens
As the biggest boys in town love who stand for and celebrate MORAL SANITY?


Buhari was sent by God to save Nigeria from the impending disaster that awaited us......how can one who couldn't manage Nigeria with huge resources manage her in recession with appreciable increase of foreign reserve?


Happy birthday "Mai gaskiya daga Allah"

Jesusloveyou:
the lagos-ibadan express road is your Head,
The Onitsha Enugu express road is your head.
The railway going in all the geopolitical zone is your head,
The ongoing seaport in calabar and about to start gelegele seaport in Edo state is what?

Jesusloveyou:
the lagos-ibadan express road is your Head,
The Onitsha Enugu express road is your head.
The railway going in all the geopolitical zone is your head,
The ongoing seaport in calabar and about to start gelegele seaport in Edo state is what?

juman:


@bolded.
Gradually, you are getting to where?

This is an insane government.
Totally confused government.
Look, obasanjo saved over thirty billion dollars, where is the money today?
Yet nothing is functioning in the country.

The useless old man president should know that the economy is dead, hunger is killing people.

The confused overaged president should rather build the highly needed infrastructure, the countries that have their infrastructure working well was built by their leaders.

Proudlyngwa:


kindly explain how APC killed the economy

obailala:
Very typical of the black man, never thinks about tomorrow... "hunger hunger hunger!!, bring all the money let's eat"... and then what happens tomorrow whrn the money dries and a worse famine comes?

No insults intended, but you exhibit the exact same chronic myopia and painful ignorance which led the government of GEJ to squander valuable reserves in the name of "building highly needed infrastructure". At the end of the day, reserves were gone, national debts rose inexplicably and even with the largest search-lights, Nigerians cant still find the so called "highly needed infrastructure" which those moneys were spent on till date.

Fast-forward to 2014, oil price suddenly crashes and economy begins to tumble, it spirals out of control from 2015 when there was nothing left in the reserves to counter the oil price drop. Of course till date, a lot of people are still largely ignorant of the connection between having nothing substantial in reserves and the recession Nigeria got into.

Obasanjo saved over $60billion and that singular act was the reason Nigeria didnt fall into recession during the global economic crisis in 2008. If only that momentum of saving was maintained, Nigeria had no reason to have had anything less than $100billion in reserves following the miraculous oil boom between 2010 and 2014. But what did we get when the leaders followed your "spend all the money" ideology?... Recession!!. **Oh sorry I forgot, Buhari engineered the recession 100% with his dullness**

python1:

Infact, I have replied him three times before I discovered his condition.

nedu666:
neva seen so many jobless young men and women on nairaland. creating and commenting on every thread shows u are unemployed. no employer or employee will tolerate or spend his work hours on nairaland. Even seun the owner does not this quantity of time on nairaland. dude has other business. be wise

bigpicture001:
...honestly,you talk like a very educated illiterate..oh sorry for the insult ; maybe economics is not your field..do you know how this foreign reserve are acrued,do you know the law guiding the release of the money to the economy?..do you know the core reasons recession surfaces at all?..i dont think you know this stuffs,hence your lengthy yet empty write up....

Rityonyi:
the last time I checked, the CBN gov. said the foreign reserves was at N38 billion.

I don't know what to believe anymore with this APC and their lies. Anyway that's the change we voted for May God help us.

PrecisionFx:

Ur BMC salary must be high ooo


As Nigeria's foreign reserve increases, The citizens keep on suffering growing... I'm dumb founded.

OnucheAdams:
What's the correlation between foreign reserves and development, if any?
You claim to have a stash of funds in reserves, yet you are embarking on mindless borrowing to fund infrastructure in tandem with unneeded FOREX subsidies; who's fooling who here?

Sabergol99:
I don't like this government but fair is fair, this is a welcome development. However I urge all those having orgasms over this news to thread caution. The last administration might have been a wasteful spender, but this is an excess borrower. The last might have bloated a lot of capital projects, but this keeps paying lip service to capital expansion and the diversification agenda. Go read the Q3 foreign trade reports (in fact, start from Q1 2017), you'll see that diversification is in lip service and we actually had a more diversified base then (2014) than now. Stop ignorantly shouting sai Buhari or Jonathan and get involved in the actual processes that would save this country for us and our children.

phkka1:
Ikpeazu is owing 8 months salary for civil servants.

Buhari made noise all salaries will be paid before this year's Christmas. He cannot match words with action.