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Nigeria Is Broke--- Bloomberg News - Politics (2) - Nairaland

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Re: Nigeria Is Broke--- Bloomberg News by dridowu: 6:01am On Nov 08, 2014
Hmmmmm
Re: Nigeria Is Broke--- Bloomberg News by ichidodo: 6:31am On Nov 08, 2014
ISpiksDaTroof:
You're not literate. Just take a back seat on this one, will you?
Ok,you've been noticed...happy now?.
Re: Nigeria Is Broke--- Bloomberg News by major466(m): 7:11am On Nov 08, 2014
Well, If anything this article just shows exactly what International Reserves are for and who controls it. Compared this to the baseless arguments by some individuals that GEJ squandered our International Reserve on a similar topic yesterday.
Sanusi Lamido Sanusi used our reserve to strengthen the Naira, Emefiele on the other hand rearly used the reserve. International events do affect our international reserves on a yearly basis because oil prices are susceptible to world market shocks. Which is why the government is moving aggressively to diversify the economy through agriculture and manufacturing.

BTW, Nigeria is only facing a marginal revenue shortfall due to falling oil prices, Nigeria is not broke.
Re: Nigeria Is Broke--- Bloomberg News by major466(m): 7:44am On Nov 08, 2014
oduastates:
The reason she removed tariffs from candles,toothpick,pencil,pen etc. she was even granting waivers for cooking pot and frying pans.
You are wrong. Waivers granted by the ministry of finance were on critical equipments through sectors like Agriculture and Power.
Re: Nigeria Is Broke--- Bloomberg News by Nobody: 5:32pm On Nov 08, 2014
I estimate $1=N200 by March 2015

This would affect the price of everything including garri
Re: Nigeria Is Broke--- Bloomberg News by Nobody: 5:35pm On Nov 08, 2014
So why are mortgage our childrens future to the hilt by accepting all the ruinous IMF and World Bank loans that we are offered?


https://www.youtube.com/watch?v=tuCdOkf4NxQ&list=PLRzmuN0KKXK_1hw06OM4sBq-Nj4ymIevF
major466:
Well, If anything this article just shows exactly what International Reserves are for and who controls it. Compared this to the baseless arguments by some individuals that GEJ squandered our International Reserve on a similar topic yesterday.
Sanusi Lamido Sanusi used our reserve to strengthen the Naira, Emefiele on the other hand rearly used the reserve. International events do affect our international reserves on a yearly basis because oil prices are susceptible to world market shocks. Which is why the government is moving aggressively to diversify the economy through agriculture and manufacturing.

BTW, Nigeria is only facing a marginal revenue shortfall due to falling oil prices, Nigeria is not broke.

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