Government of lies and propaganda being bursted left right and centre

Tareq1105:


Tinubu has the right to support any contestant of his choice but did Tinubu ask Buhari to destroy Nigeria?

Was Tinubu part of his government? Was he a minister or adviser in Buhari government? Think before you comment.

Are you telling me that if an avid Tinubu supporter became President today and started complaining about Tinubu's governance, you wouldn't laugh at them?

Tinubu should be blamed for the previous administration's failures. Before the election, him and many of his supporters were bragging about putting Buhari in power. Why the change now?

MTNnews:
Your Igbo pathetic soul is only labouring in vain to your doom. This news support Tinubu more than harm himmlike you want everyone to believe.

From this report you can see he met just $3 billion which is next to nothing in reserve. Now compare how much

Obasanjo
Yardua
Ebele
Buhari

All met in reserve when they became president ? Can you now see there is a solid case as to why he can not succeed if he didn't succeed. Many of you ipob no just gree get sense with your foolish sensationalism of every negative news about Nigeria.

Shut up you ignoramus. OBJ meet just 1.5bn in reserve. The amount Yaradua, Jonathan and Buhari met in the reserve was saved by the same PDP you dirty ignoramus love to denigrate.
APC is a massive failure

This is not at all alarming, it's a remark possibly intended to get more information/positioning on the strategic steps of those managing Nigeria's foreign reserves. -CBN). These figures are estimate that considers the recent borrowing against reserves and currency swaps. JP Morgan believes the real reserve is smaller due to these factors. They adjusted the total forex reserves by including their own $5 billion in International Monetary Fund Special Drawing Rights (SDR), resulting in about $37.8 billion in total gross reserves. The CBN i believe will handle the pressure despite low reserves because of profitable swap arrangements with banks.

We have changed guard and policy, we should expect a recalibration or balancing act, the news has both positive and negative aspects. On one hand, the fact that Nigeria is engaging in swap deals, futures contracts, and forward contracts suggests that the country is taking proactive steps to manage its foreign exchange reserves and financial stability. These financial instruments provide a level of flexibility and risk management in dealing with currency fluctuations and economic challenges.

For me, this news is calling for more info, audience, business or reminder to the Govt to respond in particular way or manner. Thats why its out in the public dormain

waledeji:
You don resume your daily wailing on nairaland. Trust me, this your new adventure would take a toll on your mental health if care is not taken

let it go .
Nobody beats a goat for head butting
Can't smack a dog for barking , but anyone trying to tame the mad dogs especially must be resistent to rabies . We are enjoying his types' daily market square display but who wants to give birth to his type .

mrvitalis:

Yes single out one person

The minister of finance

The vice president that's the chairman of the economic team

The accountant general

SGF

The president

No let's leave them and focus on one person

Don't mind the nincompoops.
Kyari just went to borrow $3bn based on crude futures to pay for subsidy. They are all blind to that now. Few years down the line they'll blame Kyari while leaving out the man who sanctioned the move

josielewa:
In accounting, what you really have is 3.7billion if all other things are deducted...that is the real figure..they have factored in debts and other foreign deductions...Nigeria owes alot...about 15 billion dollars to Goldman Sachs and co...which nigeria cant repay in due time meaning they will deduct the money from the foreign reserve as stated in terms and condition in accessing the loan....the external reserve is really low...if this subsidy can be used in settling 500bn monthly debts then good..if mismanaged again, then there will be wahala in the nearest future....

How do you think this will be affected if Nigeria stages a military intervention.

Kukutente23:

No one is debating dat.
But it's dishonest for a northerner to blame Tinubu when they gave Buhari over 70% of their votes both times he won

Please how can Tinubu support a monumental failure like buhari twice, if not for his own self interest?

2pacarnate:


Truth hurts

Shame is far from you bro,As a rich man,if you insist your son must marry a particular girl and even go as far as denying him his inheritance or frustrating him to make sure he marries the girl,and he married the girl and the girl ends up making him miserable,who should be blamed?well do not answer the question,as a Yoruba man you are am very sure you won't answer on the positive because it's your genes never to accept a glaring truth,I live in Ibadan,I married a Yoruba woman,I Sabi una Wella,it was just yesterday that I warned her to please always accept when she is wrong,she should.stop.given excuses because it means she will.never correct that wrong.

Yoruba never accepts when they are wrong,

Anyways

TRUTH HURTS 👍

Don't generalise. It's Tinubu APC supporters. There are Igbo and other tribes among them too

MTNnews:
The shoes he walks with nobody for your entire Igbo household go enjoy reach 1/100th life wey the shoe chop.

You are insane and demented just like you EbolaTinubu

grandstar:


Did the government claim they saved billion of dollars in the first 30 days of the subsidy removal? I very much doubt it as the amount to be spent subsidizing fuel for the whole year was to to $10bn.

Oh now you're doubting. But you were never afraid to quote those claims when justifying subsidy removal.
You lots are never sincere.

Can you imagine...... Buhari is a bastard.

richard870:
That means some individuals are richer than Nigeria....it is well

. eeh you dey my mind 0, just the same way I wanted to spew it.

Taylor90:
That was how he claimed he has saved billions on first month of fuel subsidy

Till NLC bursted his butts that he didn’t save shishi

A man synonymous with fake

Person wey hire fake bishops and faked Donald dukes childhood pics as his own

I’m not surprised na una dey surprise

Deciet!
Deciet!!
Deciet!!!

After EMILOKAN use am do blood transfusion finish, E go dey read Negative.

seunmsg:
It’s so simplistic and hypocritical to put all the blame on Buhari. We’ve been on this path for a very long time and getting here is inevitable. Sadly, a lot of you don’t even understand why we are here and what should be done going forward. You all just want to troll and pass blame on those you did not support politically.

We’ve been wasting all our oil revenue on importation of refined petroleum products, subsidizing the rest of Africa, subsidizing electricity, defending the Naira etc. These are very popular policies that all governments since 1999 have tried to stop but we all keep forcing them to keep it going.

Like I said before, we either accept the ongoing reforms introduced by the president or watch the economy crash in the next 4-8 years maximum. With this new report from JP Morgan, we may not have more than 4 years self.

All subsidies must go no matter how painful. We should also consider increasing our oil production in the interim to get more forex. If it entails leaning OPEC, we should leave. Double our oil production and sell a little below the market price. Desperate times requires desperate measures.

Everything should also be done to ensure Dangote refineries and PH refineries come on board this year. We can’t continue to import refined petroleum products with this level of forex reserve. We just have to look inwards.

Another APC lying machine.
If you claim the reserves have been on a decline since 1999 can you explain how reserves grew from 1.5bn in 1999 to $65bn in 2008 and leaving it at $35bn in 2015?
You APC minions helped destroy this country by doubling down on Buhari just because you want to see Tinubu become president in 2023.
It is that selfish desire that has brought us to where we are.
So you guys should stop shifting blame. Own up to the results of your political strategy.

DAMMMMMMMMNNNN IT!
Nigeria is being ruled by A SATANIC bunch of SELF SERVING, CHRONIC, INSATIABLE THIEVES!

EyeCumInPiss:
If e like make e be 338billion.
What matters to the common man is better life and not the amount of billions in foreign reserve.

No, you are totally wrong

The strength of your foreign reserves tells foreign investors whether to invest in your country or not.

If you don't have enough foreign reserves, it scares foreign investors because it suggests to them to that they could be taxed multiple times for a broke economy to keep going.

Secondly, huge foreign reserves mean your currency is well hedged against any unforeseen circumstances, say war, hyperinflation, etc.

So, huge foreign reserves strengthen a country and make them great destination for foreign investments. Every country needs foreigners to pump money into their economy and help them grow and create jobs.

It's quite unfortunate APC has been lying to us for years now.

Ngozi123:


How do you think this will be affected if Nigeria stages a military intervention.

The highest financier of ecomog/ecowas is nigeria...We have banditry and terrorism in our suburb states. The money to be used for military intervention isn't contained in the budget of 2023, so the money for arms replenishment and military wages must come from somewhere...the budget.It gets depleted because of no provision for military intervention, then the next thing is to keep borrowing especially if the war is prolonged and the cost of the after effect of the war is still there...

Whytelyon:


Why? For not cohabiting with the false hopes your Messiah is promoting ? With all these shenanigans here and there , you want us to believe this country is a better bet under your Messiah?
They should talk, you are not tired of selling your children's future , many people are.
Mxm

Whytenylon please remove the polythene in your brain 😀

EyeCumInPiss:
If e like make e be 338billion.
What matters to the common man is better life and not the amount of billions in foreign reserve.

The amount of billions in foreign reserve determines if the common man can havr a better life

Nteogwuija:


LoL, but it is them u run to borrow money from.

😀😀😭

Buhari don squander everything lol. Olodo

BarrElChapo:
These foreign banks should try to stfu sometimes😏

You should be ashamed of yourself. Everything is not sentiment and politics. The projection by JP Morgan is there’s no money saved from subsidies anywhere like Tinubu claimed. And if CBN accesses the $3 billion loan it wants to inject into the economy to stabilize the naira. Then $3B loan - $3B reserves . It means Naija is in serious comatose. The Economy has shrunk. Wether it was Buhari or Tinubu dealings, the point is that APC has dealt with us.
And the plan to stabilize the naira against dollar just can’t work! Nigeria is on a downward spiral and brace up for tough times. Economics is not sentimental, how you manage it is what you get.
Now it’s left for you to keep defending or see clear reasons.

imbless:

Please how can Tinubu support a monumental failure like buhari twice, if not for his own self interest?

Of course it's for his own interest. The truth is most of our politicians are not patriotic. They see our public offices like a booty to be captured.
Just imagine kicking Jonathan out just so you can reinforce Buhari twice while it was obvious by 2019 that he had no mental or physical ability to continue as president.
Now, even him and his supporters lack ideas on how to rejig the economy. He is only joining forward to squeeze Nigerians tight while waiting for foreign investments.
APC and their brand of snake oilman politics have destroyed this country

😃😃😃😃 children of hate....how market. Your wailing shall never end. For the next 8 years you will continue to be in pain ceaselessly. In addition, you are a raggae dancer ala Wike.

I wonder what your father or grand father or lineage has ever achieved in life that you can lay hands on as inheritance aside for hate. Continue, mumu.

Taylor90:
That was how he claimed he has saved billions on first month of fuel subsidy

Till NLC bursted his butts that he didn’t save shishi

A man synonymous with fake

Person wey hire fake bishops and faked Donald dukes childhood pics as his own

I’m not surprised na una dey surprise

Kukutente23:

Oh now you're doubting. But you were never afraid to quote those claims when justifying subsidy removal.
You lots are never sincere.

In economics, data accuracy is extremely important.

How can Tinubu claim he saved billions of dollars in just one month when $10bn was the amount to be saved over a year.

Can you show me exactly where the government said it has saved billions of dollars in a month from the subsidy removal? If you said billions of Naira, that's a totally different ball game.

I just need evidence. Please note I am not judging you in any way.

Yep and it's easy to know why .

cursedAbiola:


so Dangote is virtually richer than Nigeria in dollars 😂

MTNnews:
How come your father is ashamed to disclose how much Yardua n Ebele met in reserve because we all know it is not this $3 billion they left for Tinubu.

You should be ashamed you can't even disclose how much the trio left, your foolish head need appropriate 2 by 2 planking to think like a rational being.

It is your father that is ashamed not mine.
Yaradua and Ebele met $45bn which was saved by OBJ. They are all PDP.
If you're not daft, ask yourself why Buhari could not improve on $35bn he met but depleted it for his fellow party man to $3bn. So why call PDP into APC's mismanagement of our reserves?
Your claim of PDP destroyed this country is a silly as it is dumb.

grandstar:


In economics, data accuracy is extremely important.

How can Tinubu claim he saved billions of dollars in just one month when $10bn was the amount to be saved over a year.

Can you show me exactly where the government said it has saved billions of dollars in a month from the subsidy removal? If you said billions of Naira, that's a totally different ball game.

I just need evidence. Please note I am not judging you in any way.

Tinubu claimed he saved N1trn in July. You also claimed it as evidence his policies are working. N1trn then was about $1.5bn.