It's obvious that we are not going to leave 42B dollars in the hands of Atiku. Only the Lord knows what he will do to it.

SimplePlan34:
Even a year 1 under graduate know that there is no point saving money when there is economic downturn. It was keysian economic principles that bailed out America during d global depression. Buhari just is a mess.

I don't get, last time I checked, Keynesian Economists are not against the government saving money in the economy. When leakages is equal to injections, Its even by saving money there they will be able to fight any economic slump 'cause the invisible hand cannot bring back economic boom. Mind you, no country is without a debt.

Can we get it to around $60bn before March 2019? . At least that'll afford Atiku enough money to spend when he takes over in May?

No doubt the economy of the Nation is revamping and I must commend the effort of the FG to stabilize the economy after it was messed by the 16 years of the PDP...Better days indeed are ahead

NaijaOlosho:


Anything Buhari touches Dies

I just tire

Find out the amount GEJ left with oil boom and compare what PMB did to raise it without oil boom. PDP is a curse to Nigeria.

heskeyw:
It's obvious that we are not going to leave 42B dollars in the hands of Atiku. Only the Lord knows what he will do to it.

Open the vault of CBN and loot Nigeria dry.

SimplePlan34:
Even a year 1 under graduate know that there is no point saving money when there is economic downturn. It was keysian economic principles that bailed out America during d global depression. Buhari just is a mess.

its crystal clear your not even a primary school graduate.....
Everlasting bastard!!FOR THOSE WAILING THAT BABA IS
NOT EDUCATED.
CV OF MY MUHAMMADU BUHARI
GCFR Born in Daura, Katsina State,
on 17
December 1942
Education
Attended Primary School in Daura
and
Mai’adua, 1948-1952
Attended Katsina Model School in
1953 and
Katsina Provincial Secondary
School (now
Government College Katsina)
from
1956-1961.
Joined the then Nigerian Military
Training
School, Kaduna in 1963.
Attended Officer’s Cadet School in
Aldershot
(United Kingdom), October 1963
Attended Platoon Commanders’
Course at
the Nigerian Military College,
Kaduna, 1964
Attended the Mechanical
Transport Officer’s
Course at the Army Mechanical
Transport
School in Borden (United
Kingdom) 1965
Studied at the Defence Services’
Staff College,
Wellington (India), 1973
Attended the United States Army
War
College, June 1979 to June 1980.
Military Career
Platoon Commander, 2nd
Infantry Battalion,
1963-1964;
Mechanical Transport Officer,
Lagos
Garrison, 1964-1965;
Transport Company Commander,
2nd
Infantry Brigade, 1965-1966;
Battalion Adjutant/Commander,
2nd Infantry
Brigade, 1966-1967;
Brigade Major, 2nd Sector, 1st
Infantry
Division, April to July, 1967;
Brigade Major, 3rd Infantry
Division, August
1967 – October 1968;
Acting Commander, 4th Sector,
1st Division,
November 1968 – February
1970;
Commander, 31st Infantry
Brigade, 1st
Infantry Division, February 1970
– June
1971;
Assistant Adjutant-General, 1st
Infantry
Division Headquarters, July 1971
– December
1972;
Colonel, General Staff, 3rd
Infantry Division
Headquarters, January 1974 –
September
1974;
Acting Director Supply and
Transport,
Nigeria Army Corps
Headquarters,
September 1974 – July 1975;
Military Governor, North Eastern
State of
Nigeria, August 1975 – March
1976;
Federal Commissioner for
Petroleum
Resources, March 1976 – June
1978
Chairman, Nigerian National
Petroleum
Corporation, June 1978 – July
1978;
Military Secretary, Army
Headquarters, July
1978 – June 1979;
Member, Supreme Military
Council, July 1978
– June 1979;
General Officer Commanding, 4th
Infantry
Division, August 1980 – January
1981;
General Officer Commanding, 3rd
Armored
Division, November 1981 –
December 1983;
Head of State and Commander-in-
Chief of
the Nigerian Armed Forces,
December 1983
– August 1985.
Appointments outside the
military
Executive Chairman of the
Petroleum
(Special) Trust Fund (PTF), 21
March 1995 –
May 1999.
Awards and Medals
GCFR: Grand Commander of the
Federal
Republic of Nigeria
DSM: Defence Service Medal
NSM: National Service Medal
GSM: General Service Medal
LSGCM: Loyal Service and Good
Conduct
Medal
FSS: Forces Service Star
CM: The Congo Medal
Honorary Doctorate Degrees
10 December 1994: Honorary
Doctor of
Science degree (honoris causa)
conferred
on Buhari by Abubakar Tafawa
Balewa
University, Bauchi.
21 December 1996: Honorary
Doctor of
Letters degree (honoris causa)
conferred on
Buhari by the University of
Calabar.
6 June 1998: Honorary Doctor of
Law
degree (honoris causa)
conferred on Buhari
by Benue State University.
Family life

So you approximated $41.992 billion dollars to $42 billion dollars. Did you know that that is a difference of $8 million dollars?

That $8m dollars is equivalent to 2.88 billion naira using current exchange rate! That money can transform the life of many people.

Bia OP be kiaful. Don't approximate our money again.

dipoolowoo:
By Modupe Gbadeyanka

The external reserves of Africa’s largest economy returned to $42 billion after one month it fell below this present level.

Data obtained by Business Post from the online portal of the Central Bank of Nigeria (CBN) showed that as at Wednesday, November 2, 2018, the amount left in Nigeria’s foreign reserves was $41.992 billion, approximately $42 billion.

On October 31, 2018, the reserves depleted to $41.995 billion from $42.062 billion the previous day and since then, things have been going badly.

At a point this month, precisely on November 22, the external reserves dropped to $41.523 billion, before starting to pick up since the next day to its present level.

Business Post reports that the decline in the foreign reserves was almost becoming a source of worry for analysts, coupled with the gradual fall in the prices of crude oil in the global market.

Nigeria depends mainly on the sale of the Brent crude oil to earn foreign exchange and at the moment, the commodity goes for $58 per barrel.

For a long time, the CBN, which manages nation’s reserves, has been supporting the Naira with the weekly sale of about $210 million to currency traders in the country.

This has left Naira relatively stable at N363 to a Dollar for a long time at the parallel market until few days ago when the local currency started to lose its value against the Dollar, hitting N370 at the close of transactions yesterday.

With the price of crude oil gradually declining as well as election spendings by politicians ahead of the 2019 polls, there are renewed fears that the Naira will continue to fall.

https://businesspost.ng/2018/11/30/nigerias-external-reserves-climb-back-to-42b/

Deceptive news.
For reserves to be climbing while oil revenues are declining , it only means that there has been increased foreign borrowing. The government counts it's Eurobond sales as a foreign reserve increase, which, technically it is. But to publish it out of context as an achievement is deceptive and mischievous.

Grayxme:
No doubt the economy of the Nation is revamping and I must commend the effort of the FG to stabilize the economy after it was messed by the 16 years of the PDP...Better days indeed are ahead

I can't stop laughing .

Which nation is this one referring to ?

Or do you live in a Nigeria of an alternate universe ?

NaijaOlosho:


Anything Buhari touches Dies

I just tire

you are not serious o,can u imaging! How was the external foreign reserve before buhari?

With that amount of money and the country is still in recession. Everything dies at the mention of APC

PMB FIGHT BACK

theoldpretender:


No savings means one dollar exchanges for 10000 naira.

With severe inflation.

Foreign reserves is not the same as savings.

PMB FIGHTS BACK

GavelSlam:
Post a thread that says "Nigeria's Foreign Reserves Now Down to 30 Billion Dollars" and see the vermins comment with multiple accounts.

God Bless Buhari.

. Read more books. Have you asked yourself why we have such money and we can't finance our budget? People are still suffering? We are still owning? The reason for having more money in external reserve is for the country to borrow more from world bank. Google is your friend don't just waste data and b a follow follow man

Low oil price yet external reserve is growing ,we should salute the prudency of this Govt..Buhari is not a waster .

Foreign reserve dey do yoyo up and dan since 2015. Him only rise by 50% since then. Meanwhile him twin brother (External Debt) don rise by 100+ %. Who see 2 of then now no go know say dem be twins

Emily22:
I was expecting to see BUHARI littered in this thread but now I get the fact that 60% nairalanders are just waiting for bad news... God b with ya all

You should know that majority of the people on this site are PDP sycophants from a certain landlocked region of this country!

enemyofprogress:
Na who give am the ladder wey e take climb?




Due to the current financial situation caused by the slowdown in the economy, the Government has decided to implement a scheme to put workers of 50 years of age and above on early, mandatory retirement, thus creating jobs and reducing unemployment.

This scheme will be known as RAPE (Retire Aged People Early).

Persons selected to be RAPED can apply to the Government to be considered for the SHAFT program (Special Help After Forced Termination).

Persons who have been RAPED and SHAFTED will be reviewed under the SCREW program (System Covering Retired-Early Workers).

A person may be RAPED once, SHAFTED twice and SCREWED as many times as the Government deems appropriate.

Persons who have been RAPED could get AIDS (Additional Income for Dependents & Spouse) or HERPES (Half Earnings for Retired Personnel Early Severance).

Obviously persons who have AIDS or HERPES will not be SHAFTED or SCREWED any further by the Government.

Persons who are not RAPED and are staying on will receive as much SHIT (Special High Intensity Training) as possible. The Government has always prided its self on the amount of SHIT it gives our citizens.

Should you feel that you do not receive enough SHIT, please bring this to the attention of your Representative at either the Senate or house of rep who has been trained to give you all the SHIT you can handle.

Sincerely,

The E.V.I.L. (Economic Value of Individual Lives) Committee

Nice

NaijaOlosho:


Anything Buhari touches Dies

I just tire

You don't even understand the post. You just acted on your confirmatory bias. Sigh!!!
Well, it's a good thing when external reserve climbs up. Olodo rabata!

as long as pdp and their chief looters don't get near CBN again we would make progress...

athithief can rule in aba market.

Internal poverty level climbs to 90%!

Iyawo22:
its crystal clear your not even a primary school graduate..... Everlasting bastard!!

Ur d bigger bastard

Colourich:
I don't get, last time I checked, Keynesian Economists are not against the government saving money in the economy. When leakages is equal to injections, Its even by saving money there they will be able to fight any economic slump 'cause the invisible hand cannot bring back economic boom. Mind you, no country is without a debt.

Keynesian economist is d exact opposite govt should not save when Der is a downturn but spend on key sectors of the economy that will bring it back to life.

Iyawo22:

its crystal clear your not even a primary school graduate.....
Everlasting bastard!!

Adress issues not ur stupid insult under stupid monikers. Foolish economist with no brain. I guess dats while u are called zombies. 42 billion dollars in a account yet no jobs no good roads agriculture zero and u shouting crystal clear if dats crystal clear to u den u are just as dumb as d word dumbass.

What will it profit a man to have billions in his bank account and die of malnutrition?

SimplePlan34:


Keynesian economist is d exact opposite govt should not save when Der is a downturn but spend on key sectors of the economy that will bring it back to life.

Keynesian economists encourages government spending and lowering of taxes but it never discouraged government saving no matter how small. If government doesn't save, how will it be able to embark on future projected projects and investments, also pay salaries?

They just write anything in the media and expect us yo believe it

Fraudsters

Apc is useless

NaijaOlosho:


Anything Buhari touches Dies

I just tire

You will soon become Lunatic. Like it or not PMB is the next president. Keep hurting yourself.