jomoh:


First infrastructures(capital expenditures) are not what you start in a year and complete under 3years especially in a sensitive coutry like Nigeria where every street and every room want inclusion in federal govermants budget without recourse to the thieves in state government house while the oil prices are not favourable.

My brother, there's a huge difference between Breakeven and Breakthrough.


All you mentioned are characteristics of someone trying to break even not someone trying to break through.

Now let me explain to you in a layman's language.





This is the reason why Dangote is rich. He uses your own money in your account to fund his own refinery through the $9b loan he collected using his Dangote cement worth just over $3b as colateral. Once he completes the refinery, he would have had another asset to use as colateral to borrow another $50b dollars of your own savings to build another project. By the time he is through with that $50b project, he would have had another asset to use as collateral to borrow another $100b. By the time he is through, he would have had about $150b networth. whereas he started with just $3b Dangote cement.

Now Dangote can decide to not borrow, pay up his debts(his Dangote cement must have some debts), keep paying his staffs salary(and even I crease their minimum wage) including the security outfit that can be outsourced(unprivatised agencies) for less expenses. He can the continue to save small small from his small revenue(budget) without borrowing. Whereas he keeps having babies, adopting kids, employing more staff (population growth)

or

He can use the money he used to pay up the debt to start the refinery so that the bank knows he's serious about growing.

Use the money saved from outsourcing the security(privatisation and subsidy removal) to ensure salary is steady.

the money saved from the two above will also increase the networth of his Dangote group. Then use his Dangote cement with it's profitability projection(external reserve) as collateral to borrow $9b for his refinery and continue to grow.


It's your choice, you choose one.

Dangote is now d yardstick u use in measuring d development of a country, smh, guy before ur sense go mature e go tay, cos u know nothing about dangote's operation so shut d hell up, dangote dis n dat who has the most loans in Nigeria, u just need to sit down n browse more and learn from the internet n not become a keyboard warrior attacking everyone on Nairaland who attacks ur god buhari. stop shifting the goal post cos to me ur daftness no get part two.

did u read d recent comment from someone about dangote i doubt u didnt now go tru d post on nairaland n check dangote monopoly in the economy which is not gud for Nigeria, once he starts producing indomie, news came out dat d original indomie kills, are u aware dat st Louis sugar is banned in nigeria, are u aware dat wen he started tomato paste d senate of nigeria issues a statement dat foreign tomato paste are not gud, how about d drama on cement n flour guy go read ur book or try do research n no just dey argue cos u glo dash u data

jomoh:


Why should I waste my time on an illiterate who refused to learn the simple laws of economics.

Ode how is dat economics to u cos u cant change d goal post again abi, i asked u simple question wat is the total Nigerian budget for the yr dat u quoted 200b dollars, i guess u are an EDUCATED ILLITERATE N try make u dey read before u respond, cos no where was it stated Nigeria wanted to borrow 200b dollars for capital expenditure, u even know wetyn b 200 billion dollars wen converted to naira, now mr economics kindly give me d answer 33.3-5.5 = .......

now lets say d loan of 5.5b dollars is at 3% and u collect it from d reserve at 0% which is beta mr economics, for crying out loud u still have 28billion dollars which can still be grown over d years, guy try go sch u say no.

u are a great Economics just like the present minister of finance.

if economics too hard try do simple maths wen market women fit do

na ur likes go get 30m for savings acct still go bank go borrow 5million at the rate of 30% say cos dem wan grow ur profit

ode

jomoh:
did you notice this in the site you copied from or you ignored it? oh I forgot you didn't bother to read it.

"Prices are based on historical free market (stripper) oil prices of Illinois Crude as presented by Plains All American. Typically Illinois Crude is a couple of dollars cheaper per barrel than West Texas Intermediate (WTI) because it requires a bit more refining."

It took me less that 10sec to see that.

BTW Nigerian crudes are of the most expensive in the world even more than the WTI that is said to be more expensive than the prices you posted cos they are lighter and requires less time to refine.

of the graph is from 1959 did it jump 2010-2015.

You are yet to provide a simple table average price of Nigerian crude oil from 2010 to 2015 showing $110 was earned per barrel during the period.
Your graph doesn’t clearly provide the details since it starts at 1959. Find a graph for the five years under reference. That should be simple enough for a guru like you except you have something to hide. Could it be the lies that you have been spreading here?

high ke?
It was nearly 40 billion during OBJ and Okonjo time

It is not necessarily all about increasing the reserves. Our debt profile is increasing and we are borrowing more! Even just payment of the interest on the debts will wipe off our reserves!
Nigeria needs to get things right.

So how does this bring down the prices of food stuffs

Clerverly:
This is the same Foreign reserve ex president Jonathan met at 56Billion Dollars....but with of help Deziani, Dasuki, FFK, Wike and other corrupt economic terrorists, they shared more than Half of the common Patrimony...only handed less than 22Billion Dollars To Buhari.

Proof pls!

Clerverly:
May God Continue To Bless President Buhari!

By the time his Tenure elapses in 2023, Nigeria Will Have Been Placed In The Rightful Position Among The Comity Of Nations...

.

They must be paying u well.

989900:
Good one.
Hopefully it helps strengthen the Naira.


P.S. Jomoh, stop arguing with emotional economics illiterates.

My brother thank you o. I don even go watch football.

I've seen they're illiterates and the worst is that they refuse to learn. I am not disappointed by them cos if a chartered accountant can think like them so mush so someone who probably is not in that line.

seguno2:


You are yet to provide a simple table average price of Nigerian crude oil from 2010 to 2015 showing $110 was earned per barrel during the period.
Your graph doesn’t clearly provide the details since it starts at 1959. Find a graph for the five years under reference. That should be simple enough for a guru like you except you have something to hide. Could it be the lies that you have been spreading here?

You're such an unfortunate stark illiterate.

I presented a graph to you that covers from 1959 up to 2017 yet you're still asking for figure. You're such a waste of money. A jelly fish with no brain will respond well to training than you. Am sorry I don't have time spoon feeding sycophants.

Tell whoever sponsored your education to go and demand for a refund from your alma mata.

IFNOTGOD:



Dangote is now d yardstick u use in measuring d development of a country, smh, guy before ur sense go mature e go tay, cos u know nothing about dangote's operation so shut d hell up, dangote dis n dat who has the most loans in Nigeria, u just need to sit down n browse more and learn from the internet n not become a keyboard warrior attacking everyone on Nairaland who attacks ur god buhari. stop shifting the goal post cos to me ur daftness no get part two.

did u read d recent comment from someone about dangote i doubt u didnt now go tru d post on nairaland n check dangote monopoly in the economy which is not gud for Nigeria, once he starts producing indomie, news came out dat d original indomie kills, are u aware dat st Louis sugar is banned in nigeria, are u aware dat wen he started tomato paste d senate of nigeria issues a statement dat foreign tomato paste are not gud, how about d drama on cement n flour guy go read ur book or try do research n no just dey argue cos u glo dash u data

It is obvious from the foregoing that this discuss is beyond your intellectual capacity. Instead of you to keep quite, read along and learn you choose to display your mental disability.


Your case is not lost. You still have hope.

jomoh:



It is obvious from the foregoing that this discuss is beyond your intellectual capacity. Instead of you to keep quite, read along and learn you choose to display your mental disability.


Your case is not lost. You still have hope.

goats like u who can't present facts or simple logical reasoning often resort to calling names Mr economics u cud not answer d questions posed to u

1. how much is Nigeria yearly budget
2.dangote gets loans at 9/10% n can easily fix such in treasury or fixed deposit to yield higher returns go to d bank n ask well d rate given to those wit billions in their acct n some enjoy cot free charges on their acct.
3. if dangote is gud den let other competitors b allowed into business areas he is interested in.

guy if u not educated try buy sense from olx seems u running out of sense

jomoh:



It is obvious from the foregoing that this discuss is beyond your intellectual capacity. Instead of you to keep quite, read along and learn you choose to display your mental disability.


Your case is not lost. You still have hope.

goats like u who can't present facts or simple logical reasoning often resort to calling names Mr economics u cud not answer d questions posed to u

1. how much is Nigeria yearly budget
2.dangote gets loans at 9/10% n can easily fix such in treasury or fixed deposit to yield higher returns go to d bank n ask d rate given to those wit billions in their acct n some enjoy cot free charges on their acct.
3. if dangote is gud den let other competitors b allowed into business areas he is interested in.

guy if u not educated try buy sense from olx seems u running out of sense.

jomoh:



You're such an unfortunate stark illiterate.

I presented a graph to you that covers from 1959 up to 2017 yet you're still asking for figure. You're such a waste of money. A jelly fish with no brain will respond well to training than you. Am sorry I don't have time spoon feeding sycophants.

Tell whoever sponsored your education to go and demand for a refund from your alma mata.

you call people illiterate yet u can't present facts to argument n I wonder if d data given to u for free is to browse pornographic web site n den come to speed trash, try n browse d budget of Nigeria Mr economics n 200billion dollars capital expenditure.

I have never seen an educated illiterate like u, guess u graduated from one of those almaijiri schools where u tut to present figures which u can't defend.

goat u shud learn to shut up when u have no facts to support ur point rather Dan calling people names.

demented idiot

IFNOTGOD:



you call people illiterate yet u can't present facts to argument n I wonder if d data given to u for free is to browse pornographic web site n den come to speed trash, try n browse d budget of Nigeria Mr economics n 200billion dollars capital expenditure.

I have never seen an educated illiterate like u, guess u graduated from one of those almaijiri schools where u tut to present figures which u can't defend.

goat u shud learn to shut up when u have no facts to support ur point rather Dan calling people names.

demented idiot

You're the most senseless being I've ever come across in my entire existence and I doubt I will ever meet someone more senseless than you are. I don't even pray to.


For your information, the $200b i stated their is not the for the capital expenditure of a year you you brainless goat.

That is the IMF/World bank long term capital expenditure projection for Nigeria to be able to cope with its growing population and when they say long term capital expenditure it has a minimum of 10years span.


I'm so sorry I overestimated your mental capacity to be able interpret the example I gave. The person I analysed it for was able to get the message and moved on but when you have an slowpoke at the other end of the IFNOTGOD moniker, the case is different.


Let me try and do abut of charity by attempting to educate an I.diot.

Deducting $5b from the ext. reserve to fund capital project means injecting N1.8trillion($5bn x N360)into the economy.

That will mean excess Naira to start chasing the dollar. Laws of demand, supply and pricing comes in. The higher the demand the higher the price.

Dollar price starts going up, inflation rate starts going up amongst other things. Then you're left with $28bn dollars.

You have 3 options, either inject more dollar into the banking economy to defend the Naira (this time around, you will need x2 of the $5bn to do so and force down the dollar price) by flooding the market with more than equivalent of the N1.8tn in the amount of Naira in circulation

or you borrow again by issuing a bond to the tune of N1.8tn

Or you combine the two.

Whichever option you choose, you loose cos by the end of your miserable economic plan, you have

$33bn - $5bn= $28bn

$28bn - $10bn(used to defend and force down the dollar)= $18bn remaining in your external reserve.

By this time, you and your entire family will probably have being dying of starvation while the remaining ones will have their rib bones visible and a protruding belly(sign of malnutrition) and that is the tip of the iceberg of what is to come. All due to your illiteracy and failure to learn from people who knows better. This is the reason why people like Dangote and Otedola will always be richer than you while using your so called savings in the bank to do business.


So you see why I said this discuss is beyond your intellectual capacity.


This is my final convo with you.

CIAO.

jomoh:



You're the most senseless being I've ever come across in my entire existence and I doubt I will ever meet someone more senseless than you are. I don't even pray to.


For your information, the $200b i stated their is not the for the capital expenditure of a year you you brainless goat.

That is the IMF/World bank long term capital expenditure projection for Nigeria to be able to cope with its growing population and when they say long term capital expenditure it has a minimum of 10years span.


I'm so sorry I overestimated your mental capacity to be able interpret the example I gave. The person I analysed it for was able to get the message and moved on but when you have an slowpoke at the other end of the IFNOTGOD moniker, the case is different.


Let me try and do abut of charity by attempting to educate an I.diot.

Deducting $5b from the ext. reserve to fund capital project means injecting N1.8trillion($5bn x N360)into the economy.

That will mean excess Naira to start chasing the dollar. Laws of demand, supply and pricing comes in. The higher the demand the higher the price.

Dollar price starts going up, inflation rate starts going up amongst other things. Then you're left with $28bn dollars.

You have 3 options, either inject more dollar into the banking economy to defend the Naira (this time around, you will need x2 of the $5bn to do so and force down the dollar price) by flooding the market with more than equivalent of the N1.8tn in the amount of Naira in circulation

or you borrow again by issuing a bond to the tune of N1.8tn

Or you combine the two.

Whichever option you choose, you loose cos by the end of your miserable economic plan, you have

$33bn - $5bn= $28bn

$28bn - $10bn(used to defend and force down the dollar)= $18bn remaining in your external reserve.

By this time, you and your entire family will probably have being dying of starvation while the remaining ones will have their rib bones visible and a protruding belly(sign of malnutrition) and that is the tip of the iceberg of what is to come. All due to your illiteracy and failure to learn from people who knows better. This is the reason why people like Dangote and Otedola will always be richer than you while using your so called savings in the bank to do business.


So you see why I said this discuss is beyond your intellectual capacity.


This is my final convo with you.

CIAO.

u are just a brainless swine u have been using 10billion dollars to defend d naira, yet ur apc govt claimed it grew, just reread ur post again n tell me if u actually are sensible, dangote gets his loan at 10%

treasury bill is at 15% y won't he b richer guy shut up if u no wise, u suddenly brought 10billion dollars into d equation

goat borrowings from IMF was part of wat Led to d devaluation of d naira, go read IMF guide to giving loans to nations

guy u sure say u well so?

ah I surprise at ur stupidity I swear,

d person ignore u cos u worst dan an ignoramus.

bloody almajiri