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Nairaland Forum / Nairaland / General / Politics / Nigeria’s Foreign Reserves Grow To $36.9b (11521 Views)
CBN: Foreign Reserves Drop To $36.12 Billion / British court orders Irish firm to seize $9b Nigeria’s foreign reserves / Nigeria’s Foreign Reserves Hit $47 Billion - Surpass That Of South Africa by $4b (2) (3) (4)
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Re: Nigeria’s Foreign Reserves Grow To $36.9b by Nobody: 8:46pm On Dec 17, 2017 |
Yyeske:Ur BMC salary must be high ooo As Nigeria's foreign reserve increases, The citizens keep on suffering... I'm dumb founded. |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by Sabergol99(m): 8:47pm On Dec 17, 2017 |
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. 5 Likes 1 Share |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by baralatie(m): 8:47pm On Dec 17, 2017 |
PrecisionFx:yep! it is called making the mountain out of a Vogel peak |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by Nobody: 8:53pm On Dec 17, 2017 |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by plaetton: 8:56pm On Dec 17, 2017 |
python1: 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. |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by xlander(m): 9:01pm On Dec 17, 2017 |
givan:1 billion will be taken from the excess crude account not the reserve 1 Like |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by Bizibi(m): 9:05pm On Dec 17, 2017 |
spartacus11:hehehehehe!!!! Funny beings |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by python1: 9:10pm On Dec 17, 2017 |
[s] plaetton:[/s] I actually went through the "ramble and babble" to bring to fore the types of creatures suffering from "cognitive impairment". Funny enough, those creatures are usually the first to describe others with their own inborn traits. Where is the imaginary $40b? Who made the announcement? 1 Like 2 Shares |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by phkka1(m): 9:31pm On Dec 17, 2017 |
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. |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by tiger28: 9:32pm On Dec 17, 2017 |
Yyeske:they wont understand numbers because most of them are illiterates. This won't make sense to them. The only reserve they understand is the reserve players in a football match. 1 Like 1 Share |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by tiger28: 9:35pm On Dec 17, 2017 |
juman:This is why i said most of you idiots ate illiterates and ignorant. So you never knew that the drunkard depleted our reserve that Obj saved?who took power after obj because yaradua didnt stay that long. 1 Like 1 Share |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by AroOkigbo(m): 9:41pm On Dec 17, 2017 |
Jesusloveyou:needless the insults I said COMPLETED AND COMMISSIONED Now try again! |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by blackpanda: 9:41pm On Dec 17, 2017 |
Foolish ipob 1 Like 1 Share |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by ibedun: 9:42pm On Dec 17, 2017 |
phkka1: So Buhari should send the Army to Abia State to force Ikpeazu to pay the salaries? 5 Likes 1 Share |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by ibedun: 9:45pm On Dec 17, 2017 |
3 Likes |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by luvinhubby(m): 9:51pm On Dec 17, 2017 |
Jesusloveyou: Name two infrastructures built by Buhari? |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by Juenwume: 9:52pm On Dec 17, 2017 |
greatiyk4u:Bros. You try, you sabi yan. |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by luvinhubby(m): 9:57pm On Dec 17, 2017 |
Jesusloveyou: Lagos-Ibadan was awarded by GEJ onitsha - Enugu was awarded by GEJ and both are still ongoing. 2nd Niger bridge has been abandoned The only railway ongoing in this country is Lagos - Kano and it was awarded by OBJ. calabar port is a ghost yard. Stop talking thrash. |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by donb06: 10:16pm On Dec 17, 2017 |
Jesusloveyou:i didnt want to comment. bt ma broda lagos- ibadan was awarded by jonathan in 2013 and work started dt year i was at the venue of flag off. onitsha - enugu was also awarded by jonathan in 2014. for the calabar seaport, nothing i mean absolutely nothing is happening am currently serving at the community the seaport is sighted as for the gelegele i dnt knw. no hard feelns bro tnx |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by obailala(m): 10:44pm On Dec 17, 2017 |
juman:Very typical of the black man, never thinks about tomorrow... "hunger oo! hunger oo! hunger oo!!, bring all the money let's eat today"... and then what happens tomorrow when the money dries up 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 couldnt 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** 4 Likes 2 Shares |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by bigpicture001: 10:46pm On Dec 17, 2017 |
Proudlyngwa:..kindly explain how PDP killed the economy? |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by bigpicture001: 10:52pm On Dec 17, 2017 |
obailala:...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.... |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by Neoteny(m): 10:52pm On Dec 17, 2017 |
Stockpiling it for PDP loot all over again. 1 Like |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by GavelSlam: 10:53pm On Dec 17, 2017 |
python1: |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by GavelSlam: 10:55pm On Dec 17, 2017 |
nedu666: A robot typed this? 1 Like 1 Share |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by obailala(m): 10:56pm On Dec 17, 2017 |
bigpicture001:Oh yes I'm an illiterate. So kindly educate me on all you've just mentioned above please. Kindly explain how recessions happen and how Nigeria's lack of forex reserves was not a factor. I'm keen on learning your stellar economic theories. 3 Likes 1 Share |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by Nobody: 10:57pm On Dec 17, 2017 |
Film trick. |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by GavelSlam: 10:59pm On Dec 17, 2017 |
Rityonyi: Provide a quote or sneak back into your crevice. 1 Like |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by GavelSlam: 11:01pm On Dec 17, 2017 |
PrecisionFx:Fixed. |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by Pataricatering(f): 11:02pm On Dec 17, 2017 |
Is it foreign reserves they would use to fund infrastructure ? Go and do your research before commenting ! OnucheAdams: |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by GavelSlam: 11:03pm On Dec 17, 2017 |
Sabergol99: Provide references. You can't expect us to take your word for it. |
Re: Nigeria’s Foreign Reserves Grow To $36.9b by GavelSlam: 11:08pm On Dec 17, 2017 |
phkka1: So you want the Federal government to pay state civil servant salaries? Why not go to ExxonMobil HQ to request your salary? 2 Likes |
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