Fitch Ratings Has Endorsed Our Economic Reforms - GEJ

In Nigeria we are taking and are set to take tough economic decisions that will affect everyone, however, we are doing this for the good of the country because we have to think of the present and future generations of Nigeria. This is the major reason why this administration is making allowances for investments in job creation initiatives, infrastructural development as well as intelligent future savings. And the world is taking note. Last week, the global ratings agency, Fitch Ratings, revised Nigeria's ratings upward in all economic indicators. This is good news and an endorsement of Our economic reforms which we will keep at until its positive impact is felt by all Nigerians. GEJ

https://www.facebook.com/jonathangoodluck/posts/256522634398118

Fitch Ratings-London-21 October 2011: Fitch Ratings has revised Nigeria's Outlook to Stable from Negative and affirmed its Long-term foreign currency Issuer Default Rating (IDR) at 'BB-' and Long-term local currency IDR at 'BB'. The agency also affirmed the Short-term rating at 'B' and Country Ceiling at 'BB-'. "The revision of the Outlook on Nigeria's ratings to Stable from Negative

http://www.fitchratings.com/creditdesk/press_releases/detail.cfm?pr_id=731424

What a load of rubbish.

So GEJ is saying he wouldn't have 'made allowances' for infrastructural development if not for the so called tough economic decisions? Again another foolish and daft leader thinking he is doing people a favour by doing his job.

And the world is taking note. Last week, the global ratings agency, Fitch Ratings, revised Nigeria's ratings upward in all economic indicators.

Why is so anxious to please the world and yet finds it very difficult to please the Nigerian masses that "voted him in"!

Hehee, GEJ, despite the bogus recurrent expenditure of the Federal govt? Are you kidding me?


Why not start these economic decisions by cutting your recurrent expenditure and that of the legislature?




This GEJ is not just silly; he's so slavenly and dippy in is his analyses/responses.

Is there an improvement or not
The improvement has been accomplished under whose watch
Now is there room for more improvement? definitely yes and this can be done by acknowledging the positive journey so far while not neglecting to provide constructive criticisms for further improvement for the benefit of most Nigerians.
Overall, Jonatahn's "weak" style of allowing institutions function without undue executive interference is what will deepen our democracy away from the days of military dictatorship and their ex-soldier successors.
Did Obama not say that Africa does not need great men; it needs great institutions!
We are watching.

Mr. President is demonstrating a lack of proper understanding of the concepts that he so wants to educate us on. Fitches rating cannot be an endorsement of your economic reforms because you have not implemented them no matter how bad they are in the first place!

Mr. President is demonstrating a lack of proper understanding of the concepts that he so wants to educate us on. Fitches rating cannot be an endorsement of your economic reforms because you have not implemented them no matter how bad they are in the first place!

anonimi:

Is there an improvement or not
The improvement has been accomplished under whose watch
Now is there room for more improvement? definitely yes and this can be done by acknowledging the positive journey so far while not neglecting to provide constructive criticisms for further improvement for the benefit of most Nigerians.
Overall, Jonatahn's "weak" style of allowing institutions function without undue executive interference is what will deepen our democracy away from the days of military dictatorship and their ex-soldier successors.
Did Obama not say that Africa does not need great men; it needs great institutions!
We are watching.

How comes you read my mind so well

Fitch or no Fitch, transformations must be real, not bogus on paper. These same rating agencies tend not to see things coming, they only react to events after the fact. Why aren't they publishing ratings ahead of time, instead of using it as a political tool?

WHen things improve, nobody go tell us. We go see am.

Fresh air indeed!

Isn't it these same fitches and Moody's that rated the sub prime securities with triple A's right until the night of the collapse of Lehman brothers that triggered the financial crisis.

By the way I won't be surprised if these fiticious ratings are not to ensnare us to invest in th debt ridden eurozone newly constituted ESTF whatever (bailout fund). And mind you they are already talking of leveraging the fund by more than 3:1. so don't be surprised if u here that our subsidy savings will be invested in ECB/IMF eurozone bailout fund,

Just watch out

Isn't it these same fitches and Moody's that rated the sub prime securities with triple A's right until the night of the collapse of Lehman brothers that triggered the financial crisis.

By the way I won't be surprised if these fiticious ratings are not to ensnare us to invest in th debt ridden eurozone newly constituted ESTF whatever (bailout fund). And mind you they are already talking of leveraging the fund by more than 3:1. so don't be surprised if u here that our subsidy savings will be invested in ECB/IMF eurozone bailout fund,

Just watch out

Haha! Man you are quite observant. You said it all, no more, no less. I wish more of us would analyze issues this way instead of believing everything that comes from self-interest agencies. These rating agencies are worth about $2 billion. How do they make their money?

Either ‎​Ǧ☺☺ϑ or bad they still criti : -\cise aπϑ ‎​ condemn
Is Fitch as corrupt like our indigenous institutions?!
Its also heart breaking to see that our EducateD illiterates are very superb aπϑ ‎​ poetic when criticising people irrationally

Govt officials have always used backdoor method of corruption to rob us of our national resource in the name of economic reform.

Aren't these the same rating agencies that gave high ratings to all the complex financial products (CDS', CDO', Structured products etc) that are responsible for the current global financial crisis. Nigeria I dey laugh, lol
GEJ, U know what to do,  Diversify the Nigerian economy, we are too dependent on revenue from oil!

the other day the Retardeen said Obama praised him, so do some african leaders. Now its the time of Fitch. welldone.
By the way, how will this help that common man on the street who has high hopes on FRESH air. abi na Fitch he go chop?
Nonsense.

Were those amongst the goals of this administration? To get higher ratings from Fitch, Moody, S & P and other administrations - one administration with its own battles making weekly unfulfilled promises? Or to get infrastructure and amenities in Nigeria to a better long standing shape?

Kay1kay1:

Were those amongst the goals of this administration? To get higher ratings from Fitch, Moody, S & P and other administrations - one administration with its own battles making weekly unfulfilled promises? Or to get infrastructure and amenities in Nigeria to a better long standing shape?

Yes, one of the goals of any reasonable administration whether public or private is to get a good public perception (if ur in doubt, ask the banks) because as a nation it could in a longer way determine the rate of foreign Direct Investment that flow into ur nation. yes, we shouldn't over-celebrate these ratings but I bet that if this particular rating came in a negative way most of us that are saying all these things would have also used it against the current administratio[b]n.

How many of u will invest in a country that is rated Negative[/b]?

PHIPEX:

Yes, one of the goals of any reasonable administration whether public or private is to get a good public perception (if your in doubt, ask the banks) because as a nation it could in a longer way determine the rate of foreign Direct Investment that flow into your nation. yes, we shouldn't over-celebrate these ratings but I bet that if this particular rating came in a negative way most of us that are saying all these things would have also used it against the current administratio[b]n.

How many of u will invest in a country that is rated Negative[/b]?

yes ooo, the same hypocrites who are saying that GEJ should not use the positive flitch rating to judge his his economic progress would happily and readily use a negative flitch rating against gej,

Ngozi has stated that one of the adnibnistrations goals is to reduce recurrent expenditure over a period of time, but people want this things done now, they want GEJ to interfere with almost every process in the country, maybe this hypocrites are indirectly asking for military rule.