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Nairaland Forum / Nairaland / General / Politics / Nigerian External Reserve Hits $43b (2071 Views)
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Nigerian External Reserve Hits $43b by alizma: 3:41pm On Dec 10, 2018 |
Between October 2016 and December 2018, Nigerian external reserve has increased by 87% as it rises from $23b to $43b. https://abokifx.com/news/external-reserves-rise-to-43-billion-the-guardian 2 Likes 1 Share |
Re: Nigerian External Reserve Hits $43b by Yuceeluv(f): 3:48pm On Dec 10, 2018 |
Why then is the country's debt skyrocketing? |
Re: Nigerian External Reserve Hits $43b by GavelSlam: 4:08pm On Dec 10, 2018 |
Yuceeluv: Same reason America and Dangote are owing. 14 Likes 2 Shares |
Re: Nigerian External Reserve Hits $43b by Corrinthians(m): 4:11pm On Dec 10, 2018 |
Yuceeluv:USA is the wealthiest country on the planet and the most indebted. Wail with sense please. 13 Likes 2 Shares |
Re: Nigerian External Reserve Hits $43b by Yuceeluv(f): 4:18pm On Dec 10, 2018 |
First off...I'm not responsible for your misery...it was a simple question, ignorantly asked. Secondly...go check the meaning of the word, 'wail' before you use it. Corrinthians: 1 Like |
Re: Nigerian External Reserve Hits $43b by Nobody: 4:20pm On Dec 10, 2018 |
GOD BLESS PRESIDENT BUHARI. GOD BLESS all sane Nigerians. Baba walking to the NEXT LEVEL........ 14 Likes 3 Shares
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Re: Nigerian External Reserve Hits $43b by Nobody: 4:21pm On Dec 10, 2018 |
Yuceeluv:Common gurl..... 4 Likes 3 Shares |
Re: Nigerian External Reserve Hits $43b by bantudra: 4:21pm On Dec 10, 2018 |
goood job...the more the better..... 6 Likes 2 Shares |
Re: Nigerian External Reserve Hits $43b by Yuceeluv(f): 4:24pm On Dec 10, 2018 |
A simple answer like the first person gave would have done...there was absolutely no need for insults. TheGreenLand: 1 Like |
Re: Nigerian External Reserve Hits $43b by bantudra: 4:25pm On Dec 10, 2018 |
Yuceeluv: woman,try to listen to people that understand this economical stuffs....reserves is always good.... if people know what they lend you,you can pay it easily back,they will happily and easily lend you....big nations only work that way.... americans call it federal reserves....dont be deceived by ipob.... 8 Likes 1 Share |
Re: Nigerian External Reserve Hits $43b by Nobody: 4:26pm On Dec 10, 2018 |
Yuceeluv:Okay, but it's not that serious. We all learn everyday. Let peace reign UC. Ciao! 1 Like |
Re: Nigerian External Reserve Hits $43b by Corrinthians(m): 4:34pm On Dec 10, 2018 |
Yuceeluv:Read again: wail with sense. 1 Like |
Re: Nigerian External Reserve Hits $43b by Corrinthians(m): 4:35pm On Dec 10, 2018 |
TheGreenLand:Waiting for the children of hate and misery to come tell you Buhari does not walk that way. 2 Likes 1 Share |
Re: Nigerian External Reserve Hits $43b by Yuceeluv(f): 4:36pm On Dec 10, 2018 |
1 Like |
Re: Nigerian External Reserve Hits $43b by Nobody: 4:51pm On Dec 10, 2018 |
Corrinthians:Hahahaha 1 Like 1 Share |
Re: Nigerian External Reserve Hits $43b by zlantanfan: 4:53pm On Dec 10, 2018 |
Buhari has not looked for flimsy excuses in order to share the money and clean mouth. Nigeria is getting plenty reserve in the midst of lowest oil price No to the looting party 2 Likes
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Re: Nigerian External Reserve Hits $43b by Ballotti: 4:54pm On Dec 10, 2018 |
What is the amount of INTERNAL AND EXTERNAL DEBT?
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Re: Nigerian External Reserve Hits $43b by zlantanfan: 4:59pm On Dec 10, 2018 |
Corrinthians:pardon his ignorance |
Re: Nigerian External Reserve Hits $43b by Ballotti: 5:02pm On Dec 10, 2018 |
We see what US is doing with its debt! What is Nigeria doing? Paying salaries and doing LOOTERMONI scams! 1 Like 1 Share |
Re: Nigerian External Reserve Hits $43b by Ballotti: 5:04pm On Dec 10, 2018 |
Borrow borrow make me fine! 1 Like
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Re: Nigerian External Reserve Hits $43b by zlantanfan: 5:05pm On Dec 10, 2018 |
Ballotti:Did you ever wish the zoo well 3 Likes
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Re: Nigerian External Reserve Hits $43b by Yuceeluv(f): 5:15pm On Dec 10, 2018 |
Leave those people...in their minds the nation can continue sinking in debts. Ballotti: |
Re: Nigerian External Reserve Hits $43b by alizma: 3:37am On Dec 13, 2018 |
Yuceeluv:I mean no ill but please take out time to read more on economy, you are too beautiful to ask this question. to answer your question, we are still owing because we need more money than we have to invest in capital projects which will unturn boost our economy. the same reason why a business outfit have both assets and liabilities on its balance sheet. |
Re: Nigerian External Reserve Hits $43b by grandstar(m): 5:00am On Dec 13, 2018 |
bantudra: Your foreign reserves do no belong to the government. It is therefore reckless for Buhari to be borrowing willy nilly like there's no tomorrow. And the only reason why the reserves have grown is that the Naira is so weak and growth so weak that it has successfully squashed demand. The country is back to the Abacha days when the late dictator grew the external reserves from $500m to $8b but growth averaged 2.5% yearly which is pitiful but beats Buhari's. This year, the economy will grow 1.81% which does not even keep up with population growth of 2.5% meaning Nigerians have just become -0.7% poorer. 4 Likes 1 Share |
Re: Nigerian External Reserve Hits $43b by grandstar(m): 5:13am On Dec 13, 2018 |
alizma: There's nothing wrong in borrowing but the way the government is going is unsustainable. USA debt may be high but borrowing cost is low, probably no more than 3%. Nigeria's around 15%. Also, US collects about a 30% of its GDP as tax while Nigeria's about 7%. Already, it is suspected that government spends about 50% of the budget on debt servicing. This is absurd. Economist were already complaining when service cost was only 35%! Buhari is a populist and has shrunk back from making the tough decisions that will see him cut spending. His populist policies plunged the economy into the worst recession for decades. 3 Likes 3 Shares |
Re: Nigerian External Reserve Hits $43b by Yuceeluv(f): 11:16am On Dec 13, 2018 |
You all are swallowing pills of deceit the govt is feeding you...if foreign debts were sooo needed,why did obasanjo,in his regime try all he could to clear off external debts that were skyrocketing?... Lemme rephrase my question...then you can answer... WHY IS THE COUNTRY'S DEBT SKYROCKETING?. ...I studied accounting, and was taught to clear off current liabilities with income accrued at the year's end...sooo all ye economists should know when the sink in debts is a big problem. ...another question for you...some of these banks that could not stand anymore,plus the one currently struggling,what do you think sunk them?...if I say use your head now,you'll say I insulted you...but please do use it and its not an insult sir...bliv me. alizma: 1 Like |
Re: Nigerian External Reserve Hits $43b by beegodson: 11:59am On Dec 13, 2018 |
We are growing; that is the way forward. I know people will still talk ill about this, all the wailers hope you are seeing this. This is a step up all under the Buhari Administration. |
Re: Nigerian External Reserve Hits $43b by Afamed: 12:09pm On Dec 13, 2018 |
Yuceeluv:My 3 years old kid would not have asked this silly question. Schmuck |
Re: Nigerian External Reserve Hits $43b by Yuceeluv(f): 12:12pm On Dec 13, 2018 |
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Re: Nigerian External Reserve Hits $43b by Afamed: 12:14pm On Dec 13, 2018 |
Yuceeluv:Go to Romance section, here isn't for lazy youth |
Re: Nigerian External Reserve Hits $43b by Yuceeluv(f): 12:17pm On Dec 13, 2018 |
You are a faceless,needless,irrelevant, unknown being to me...even poo has far greater value than you or your perception of me can ever have...YOUR BUHARI WILL NOT RULE THIS COUNTRY AGAIN. Afamed: |
Re: Nigerian External Reserve Hits $43b by Afamed: 12:18pm On Dec 13, 2018 |
Yuceeluv:Bla Bla bla bla bla bla bla bla bla as usual lazy youth |
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