bizzibodi:

Guy wake up & smell d coffee d foriegn reserve is rising.

Yes it is, no doubt! But for how long? Why did it fall in the first place? These are questions you should be asking yourself!

Lordsocrates:



hmmmm hmmmm... miles ahead as in how ? compare and contrast, dnt put the price of commodity and dollar into it...because they are as a direct result of his not saving up money, during times of plenty....this Ngozi Ikono Iweala rightly confessed to...

so what are u comparing ?

oga na lack of exposure do u!!? U seriously comparing gej economy to this? The u need help! Seriously I don't come down this low to argue with insentive ppl like u! Talk true for once?!! Lemme even feed u another truth!

God bless nigeria
God bless pmb
God bless bless osinbajo

the question is how much is nigeria's total debt?

AngelicBeing:
Hmmmm, na wao, the inflation in Venezuela will be terrible then

get sense na is it d president that make $ to raise or yur appetite for foreign goods?now tell us if u hav even earn & add $1 to d economy b4?

I hope we never end up like this.

donbenie:
Must America be blamed for each and every poor choices nations make in the management of their economy..
When you run a Welfare economy with no sustainable economic strategy,you only have yourself to blame when the Chickens comes home to roost..

This is d venezuela that pple always quote that pms is almost free.

Lordsocrates:



hmmmm hmmmm... miles ahead as in how ? compare and contrast, dnt put the price of commodity and dollar into it...because they are as a direct result of his not saving up money, during times of plenty....this Ngozi Ikono Iweala rightly confessed to...

so what are u comparing ?

....Oil prizes didnt start falling with buhari's admin....It has always fluctuated...Obasanjo's administration witness Oil prize fall as well...but because he had technocrates,the effect were not felt by Nigerians as such..same way Nigeria didnt go as low as it did now during the 2008 Global financial crisis..

..Whether you and your apc people agree or not...buhari's utterances,stuupidity and lack of direction plunged this country into the economic crisis she is grappling with...His crisis management is minus zero,and he has the uncanny ability to start and fuel crisis...Osibanjo though in the same useless apc party,is a lot more sensible than him..period.

Why compare nigeria to Venezuela?




You should 1st find out how much they owe and you'll realise Nigeria is in a bigger sh1t

Dumb idiots.just allow the west to help you extract your oil

isaacsegun:
please economic experts on the platform,what is the significant of a nation foreign reserve to her economy?

ma guy go & task yurself do some research & come back & lecture us.

samsam2019:
Why compare nigeria to Venezuela?




You should 1st find out how much they owe and you'll realise Nigeria is in a bigger sh1t

Now read this from the richest oil State.

www.economictimes.com/news/international/business/saudi-arabia-projects-53-billion-deficit-in-2017/articleshow/56126260.cms

The world's biggest oil exporter froze major building projects, cut cabinet ministers' salaries and imposed a wage freeze on civil servants in the wake of last year's record deficit of $ 97 billion.

Analysts said that figure was 15 per cent of gross domestic product, making it one of the largest in the emerging world.

The government made unprecedented cuts to fuel and utilities subsidies last year in a country long accustomed to some of the cheapest petrol prices in the world.

A year of cutbacks left retailers complaining of lower sales and residents saying they had less money to spend.

[s]

bizzibodi:

get sense na is it d president that make $ to raise or yur appetite for foreign goods?now tell us if u hav even earn & add $1 to d economy b4?

[/s] Daft, l dont need to tell you what l have added to the economy, the few dollars l have sent via investment in my project in Nigeria is also making a difference, so crawl back to the hole you came out from and buzz off, nonsense

Why would sensible person compare Venezuela to any country? Even people from Venezuela are all running to Panama. When I told some Venezuelans I will be going to their country, they vehemently advised against it. It's not the economic crisis alone but crime rate is very very high.

Abagworo:


Now read this from the richest oil State.

www.economictimes.com/news/international/business/saudi-arabia-projects-53-billion-deficit-in-2017/articleshow/56126260.cms

The world's biggest oil exporter froze major building projects, cut cabinet ministers' salaries and imposed a wage freeze on civil servants in the wake of last year's record deficit of $ 97 billion.

1 Most construction works in Saudi Arabia were stopped last year

2 Civil servants were not paid

3 There was a deficit of $97 billion.

nairaman66:


Yes it is, no doubt! But for how long? Why did it fall in the first place? These are questions you should be asking yourself!

Outright looting of our fx reserve hav u had of dasukigate & our unbridled appettite 4 foriegn goods we import toothpicks made from bamboo,rice,pasta,slippers,tin tomato,sweets,biscuits,phone worth #250k,luxurious cars d list goes on & on.

nairaman66:
Nigeria getting there soon!

Let's it be unto you as you wish Nigeria

bizzibodi:

Out right looting hav u had of dasukigate & our unbridled appettite 4 foriegn goods we import toothpicks made from bamboo,rice,pasta,slippers,tin tomato,sweets,biscuits,phone worth #250k,luxurious cars d list goes on & on.

Bingo! You already have answers why we might get to Venezuela's level!

nairaman66:
Nigeria getting there soon!

May it be unto you as you wish Nigeria. Amen

nairaman66:


Bingo! You already have answers why we might get to Venezuela's level!

zombie!go & earn a $$ for d economy instaed of wailing like a demented baboon.

freeay:
May it be unto you as you wish Nigeria. Amen

Religious bigot! Take a look at things with facts! Don't let your leg think for your head!

Ngokafor:





....Oil prizes didnt start falling with buhari's admin....It has always fluctuated...Obasanjo's administration witness Oil prize fall as well...but because he had technocrates,the effect were not felt by Nigerians as such..same way Nigeria didnt go as low as it did now during the 2008 Global financial crisis..

..Whether you and your apc people agree or not...buhari's utterances,stuupidity and lack of direction plunged this country into the economic crisis she is grappling with...His crisis management is minus zero,and he has the uncanny ability to start and fuel crisis...Osibanjo though in the same useless apc party,is a lot more sensible than him..period.

So buhari also crash venezuela economy?

AngelicBeing:
[s][/s] Daft, l dont need to tell you what l have added to the economy, the few dollars l have sent via investment in my project in Nigeria is also making a difference, so crawl back to the hole you came out from and buzz off, nonsense

few $$ indeed compare 2 d $$$ u hav consumed is yur mascarat & wieve-on 9ja made?

abescom:
Must everything be seen as an APC excuse nitori olorun? You see glaring fact presented to you but still can spew this rubbish.

When are you repenting?

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ExpiredNigeria:
There is really a very big problem in Venezuela, before now I used them as reference to a failed country until Buhari came on board and plunged our economy to exactly what brought about Venezuela crisis today, the problem in Venezuela escalated the moment they central Bank blocked access to dollar and importation so their black market promulgate, a dollar sold 1000 Bolivars which the actual rate is less than 10 Bolivars in the central bank, they blocked importation and the country was stocked.. what will foreign investors do when they can no longer access dollar, import raw material? the simply left.. people got impoverished.. do you know that one dollar is now about 2000 Bolivars in Venezuela.. this is where Nigeria is heading if we do not remove this president and stop him now

.
.
Please read this guy post, it will knock many sence into you Zombies skulls, i call on all zombies to read this post.
.
Cc : sarki, modathgoat. Passingshotgoat, omenkalivesgoat, madridguygoat and all other seniour zombies to read this post not, for u to have small sence.

bizzibodi:

This is d venezuela that pple always quote that pms is almost free.

Exactly,Chavez and then Maduro where busy running the country's economy to the ground in times of plenty with no PLAN for the rainy days,now somebody wants to blame America for their economy woes..
How can you survive when everything is being handed and paid for by the state with no productive input from the citizens.

bizzibodi:

zombie!go & earn a $$ for d economy instaed of wailing like a demented baboon.

I never insulted you man! Bingo means= You are correct!! No insult intended!!

nairaman66:


Yes it is, no doubt! But for how long? Why did it fall in the first place? These are questions you should be asking yourself!

Dnt b persimistic It will continue to rise as far as we look inward & curb our unbridled appettite for foreign goods.

Lordsocrates:
with oil selling at 150 dollars per barrel, our reserves under (You know who ) was already dwindling, when oil sold for 78dollars per barrel, we were already borrowing to pay workers salary..

but God saved us, even when oil fell to as low as 20dollars per barrel, before crossing to hover around 40-45, the govt of (you know who) was saving up, saving up everything to strengthen our foreign reserve.. everyone was crying, screaming, but the govt knew what a constantly falling foreign reserve meant, and continued saving. Today we have been able to strengthen our foreign reserve to well above 30bn, and now attention is now directed at the Force market.

but some hate filled, bigoted individuals won't see, they keep on Celebrating (You know who) not minding revelations of how the admin was a (Come and steal as much as you can galore)
but we thank God, we made the right choice, because with the way the looting was going, our case would hv been worst than that of Venezuela....we would have been auctioned on e-bay for 20dollars by now.

Is few people like you way i see here & there that make me feel there is still hope for Nigeria

Abillsable:

Ypu are wrong.America has nothing to do with it.Socialism simply doesn't work.I hate this kind of ignorance!

You call my statement ignorant when yours is dumb. Kindly tell me what has made China the biggest economy in the world. Socialism or Capitalism?? ??

veekid:
So we should fry okro?



Devil is a liar

The difference is clear...
Tithes collector from gullible Nigerians and the hardworking leader!

[s]

bizzibodi:

few $$ indeed compare 2 d $$$ u hav consumed is yur mascarat & wieve-on 9ja made?

[/s]

AreaFada2:


Lol.
Have you been 200 metres under Olumo Rock all this while people have been saying FG does not depend on oil. That the price is nothing to write home about? Or you were a mummy like your president in London?

Abeg just crawl back into your cave.

Boy educate yursef nobody is saying oil is useless what they are saying is let diversify our economy?i hope u know what diversification means do u know how to use a dictionary?tell an enlighten person to help u explain it.

It's time to take a wife from Venezuela.