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Foreign Reserves Gained $1.52bn In Four Weeks. - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Foreign Reserves Gained $1.52bn In Four Weeks. (6755 Views)

Buhari Extends Eased Lockdown By Four Weeks / Foreign Reserves Shed $5.09bn In Four Months / British court orders Irish firm to seize $9b Nigeria’s foreign reserves (2) (3) (4)

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Re: Foreign Reserves Gained $1.52bn In Four Weeks. by Hez143(m): 7:39am On Dec 19, 2018
this is why Atiku and obiliar wants to come into power,to loot the reserve dry,never to pdp agaain in nigeria,never to free money flying everywhere!
sai baba we know!!!
sai baba we want!!!
sai baba till 2023

1 Like 1 Share

Re: Foreign Reserves Gained $1.52bn In Four Weeks. by deomelllo: 7:40am On Dec 19, 2018
grin grin

1 Like 1 Share

Re: Foreign Reserves Gained $1.52bn In Four Weeks. by Mankosi: 7:40am On Dec 19, 2018
It rose on the newspapers
Re: Foreign Reserves Gained $1.52bn In Four Weeks. by Guestlander: 7:43am On Dec 19, 2018
Bad news for PDP.

Yam they cannot touch.

1 Like 1 Share

Re: Foreign Reserves Gained $1.52bn In Four Weeks. by sotall(m): 7:44am On Dec 19, 2018
RealityShot:
if you are "wallowing in extreme poverty" you would not be here.

how do I start schooling you that Nigeria population is about 180m?
Re: Foreign Reserves Gained $1.52bn In Four Weeks. by Nobody: 7:46am On Dec 19, 2018
QuotaSystem:


And you too bro.

God bless Nigeria and all those who bless her.
A Big Amen my brother.
Blessings to all who blessed Nigeria.
And curses to everyone who curse her.
Chikena!

3 Likes 2 Shares

Re: Foreign Reserves Gained $1.52bn In Four Weeks. by RealityShot: 7:48am On Dec 19, 2018
sotall:
how do I start schooling you that Nigeria population is about 180m?

don't teach me what yo don't know.

that figure you are mouthing is wrong!

proove otherwise...

1 Like 1 Share

Re: Foreign Reserves Gained $1.52bn In Four Weeks. by deomelllo: 7:48am On Dec 19, 2018
Mankosi:
It rose on the newspapers





You are angry and upset because it did not rise inside your looting and stealing PDP uncle's foreign bank accounts

2 Likes 1 Share

Re: Foreign Reserves Gained $1.52bn In Four Weeks. by AlhajaChinyere: 7:48am On Dec 19, 2018
figur:
Of what use is a foreign reserve that doesn't reflect in the lives of average Nigerians?

Get some education please.

1 Like 1 Share

Re: Foreign Reserves Gained $1.52bn In Four Weeks. by sotall(m): 7:50am On Dec 19, 2018
RealityShot:
don't teach me what yo don't know.

that figure you are mouthing is wrong!

proove otherwise...
Pls get off my mentions and do what you were paid to do like your colleagues on this thread
Re: Foreign Reserves Gained $1.52bn In Four Weeks. by deomelllo: 7:50am On Dec 19, 2018
AlhajaChinyere:


Get some education please.



That's a tall order for Igbos..

1 Like 1 Share

Re: Foreign Reserves Gained $1.52bn In Four Weeks. by naijapips04: 7:56am On Dec 19, 2018
StOla:



What I still cannot fathom is how Nigeria sold crude oil at over $100/barrel from 2010 to 2014, yet the foreign reserves that stood at $47b in 2010 had plummeted to $29b in 2015. While the same FG of PDP and Jonathan also managed to incur petroleum sector debts of over $6b in unpaid counterpart funding for JV oil pojects within same period?

What manner of lunatic will then say that the failure of APC in 3yrs should be replaced by the unrelenting untiring and unapologetic failure of the PDP of 16yrs?


The MMM economy that Jonathan and Okonjo-Iweala ran, was exposed as a facade the minute oil prices began to fall from $100/barrel towards $50/barrel.

What manner of government refuses to improve on savings and foreign reserves in a time of plenty and excessive petrodollar revenue, but rather spends everything previous regimes saved in a time of austerity?

Was there any commodity that sold in 2015 at a price cheaper than when Jonathan assumed power in 2010?

What manner of bankrupting regime would already have to borrow N470 ($2.5b) as at May, just to pay civil servant salaries in February/March/April 2015?

What then would Jonathan and Okonjo-Iweala have done if they had won reelection and oil price slumped to $27/barrel as it did in 2015/2016?

A people whom God had saved from a Venezuelan economic collapse, are still daily campaigning that the current regime has failed, and rather than seek new alternatives, insist that a return to Egypt is what they prefer.

Foolish Galatians!

Open your PDP polluted minds.


how much were u buying petrol?
Re: Foreign Reserves Gained $1.52bn In Four Weeks. by GreenArrow2: 7:57am On Dec 19, 2018
May the souls of all those who will die this morning out of hatred for this news item, rest in peace, Amen.
Re: Foreign Reserves Gained $1.52bn In Four Weeks. by ugo227(m): 8:01am On Dec 19, 2018
With 2018 budget implementation at less than 20% what is there to celebrate ??


deomelllo:
www.nairaland.com/attachments/8345912_dumns2dwoaaq4lt_jpeg_jpeg41a4ed27189664152172cf8b2e677e94






Re: Foreign Reserves Gained $1.52bn In Four Weeks. by Oweku: 8:03am On Dec 19, 2018
This is what you hear, yet the joblessness increases, the insecurity increases, so who is deceiving who.. This same old hargs will do everything possible to get our vote at end nothing to show for it...

The only county on earth that it politicians promise the same thing every 4 years... Light, good roads, jobs, Education

APC and PDP are the thieves, we don't need them..

Let's grow up..


If Buhari where to b your father he will call you leaders of tomorrow, you are about 40years old now, he still calls you leaders of tomorrow, which tomorrow my brother..

Vote for young and vibrant man with visions and idea...

Vote African Action Congress, AAC
Vote Omoyele Sowore for a better Nigeria ��

join the moving train.. Get paid for browsing, for free... Click my signature below
Re: Foreign Reserves Gained $1.52bn In Four Weeks. by GlorifiedTunde(m): 8:12am On Dec 19, 2018
StOla:



What I still cannot fathom is how Nigeria sold crude oil at over $100/barrel from 2010 to 2014, yet the foreign reserves that stood at $47b in 2010 had plummeted to $29b in 2015. While the same FG of PDP and Jonathan also managed to incur petroleum sector debts of over $6b in unpaid counterpart funding for JV oil pojects within same period?

What manner of lunatic will then say that the failure of APC in 3yrs should be replaced by the unrelenting untiring and unapologetic failure of the PDP of 16yrs?


The MMM economy that Jonathan and Okonjo-Iweala ran, was exposed as a facade the minute oil prices began to fall from $100/barrel towards $50/barrel.

What manner of government refuses to improve on savings and foreign reserves in a time of plenty and excessive petrodollar revenue, but rather spends everything previous regimes saved in a time of austerity?

Was there any commodity that sold in 2015 at a price cheaper than when Jonathan assumed power in 2010?

What manner of bankrupting regime would already have to borrow N470 ($2.5b) as at May, just to pay civil servant salaries in February/March/April 2015?

What then would Jonathan and Okonjo-Iweala have done if they had won reelection and oil price slumped to $27/barrel as it did in 2015/2016?

A people whom God had saved from a Venezuelan economic collapse, are still daily campaigning that the current regime has failed, and rather than seek new alternatives, insist that a return to Egypt is what they prefer.

Foolish Galatians!

Open your PDP polluted minds.



Go bless you my brother.

1 Like 2 Shares

Re: Foreign Reserves Gained $1.52bn In Four Weeks. by Anglojosite7(m): 8:16am On Dec 19, 2018
The coast is clear. Next Level here we come.

1 Like 1 Share

Re: Foreign Reserves Gained $1.52bn In Four Weeks. by 4Mea: 8:19am On Dec 19, 2018
And I have just lost over $90 due to high inflation in this country sad
Re: Foreign Reserves Gained $1.52bn In Four Weeks. by rottennaija(m): 8:26am On Dec 19, 2018
sotall:
What's the use of foreign reserves when 80 million Nigerians are wallowing in extreme poverty??


A man with a fat bank account whose children are out of school, whose family don't have access to good health care and whose family struggles to feed daily,

What kind of a man do you call that?? A fool

According to the Bible he is worse than an infidel.


If we had a strong foreign reserve, 80m Nigerian would never had felt the strong impact of recession as they did

2 Likes 1 Share

Re: Foreign Reserves Gained $1.52bn In Four Weeks. by sotall(m): 8:32am On Dec 19, 2018
rottennaija:


If we had a strong foreign reserve, 80m Nigerian would never had felt the strong impact of recession as they did

Is Nigeria still in recession?? undecided undecided
Re: Foreign Reserves Gained $1.52bn In Four Weeks. by Ovamboland(m): 8:33am On Dec 19, 2018
sotall:
What's the use of foreign reserves when 80 million Nigerians are wallowing in extreme poverty??


A man with a fat bank account whose children are out of school, whose family don't have access to good health care and whose family struggles to feed daily,

What kind of a man do you call that?? A fool

According to the Bible he is worse than an infidel.


Aha, they should use the reserves to import rice and toothpicks so that nothing will be left to pay for critical energy and essential imports. Then we will have the Venezuela situation.
You will cry for the return of Buhari once the ravenous wolves take over, only then it will be too late.

4 Likes 1 Share

Re: Foreign Reserves Gained $1.52bn In Four Weeks. by sotall(m): 8:38am On Dec 19, 2018
Ovamboland:


Aha, they should use the reserves to import rice and toothpicks so that nothing will be left to pay for critical energy and essential imports. Then we will have the Venezuela situation.
You will cry for the return of Buhari once the ravenous wolves take over, only then it will be too late.

Which is essential to the people, food for their survival or critical energy and essential imports?

Meanwhile a wise government doesn't need to import food. It grows it's own food
Re: Foreign Reserves Gained $1.52bn In Four Weeks. by Oblang(m): 8:48am On Dec 19, 2018
naijapips04:
how much were u buying petrol?

So PDP used all our money for their fraudulent subsidy?
Re: Foreign Reserves Gained $1.52bn In Four Weeks. by Nobody: 8:51am On Dec 19, 2018
adecz:
>sad >sad sad

What do you call a man who has
so much money in his bank account, always getting
awards from the bank for his wonderful
savings culture, but his family are starving to death??

Those hungry should go get something doing

Agriculture is a lucrative business and it getting government attention

So only lazy man like u will b shouting cos u believe he will b sharing and u will start bashing him again

Good morning

2 Likes 1 Share

Re: Foreign Reserves Gained $1.52bn In Four Weeks. by adecz: 9:07am On Dec 19, 2018
olagbola55:


Those hungry should go get something doing

Agriculture is a lucrative business and it getting government attention

So only lazy man like u will b shouting cos u believe he will b sharing and u will start bashing him again

Good morning


Only a brainless 'hailer' like you, think
that agriculture is just to carry hoe & start
hitting the ground.

Do you know how difficult & expensive venturing into agriculture has
become under this inept govt?

Go & check simple input like seeds, fertilizer, herbicides
have become due to bad policies. Fertilizer under
past govt didn't go beyond 5k, but it sometime
went to 13k under Bubu.

Why do you think that locally produced foodstuff
are so unaffordable by the citizens? It is a direct
result of bad policies.

People like you think that high cost of agricultural
produce is sign of progress, not knowing
it is symptomatic of an inefficient system.

I pity you that has been brainwashed by
Alh. Liar Mohammed.

Continue to be bamboozled
by fake, childish propaganda ( targeted at your type) until you finnd yourself in the NeXt Level of ignominy.
sad sad
Re: Foreign Reserves Gained $1.52bn In Four Weeks. by gbigbega: 9:13am On Dec 19, 2018
adecz:
angry angry sad

What do you call a man who has
so much money in his bank account, always getting
awards from the bank for his wonderful
savings culture, but his family are starving to death??

My brother I was about to say something similar. This year alone they have only release 10% of the budget for infrastructure. 10% of what is meant for the nation. its so sad and wicked. yet some hungry people will still come here and tell us he is the best. These are the people that makes the Oyinbos call Nigerians Monkeys.
Re: Foreign Reserves Gained $1.52bn In Four Weeks. by StOla: 9:14am On Dec 19, 2018
sotall:


Is Nigeria still in recession?? undecided undecided


Would there have been a recession at all if Jonathan had not wiped away all savings, and rather than take the foreign reserves from $47 beyond $100b, it plummeted to $29b?


Would Okonjo-Iweala have had need to borrow N470b to pay civil servant salaries, if the FG had done well with the windfall from 2010 to 2014?

Or you expect a magic wand solution to the bankruptcy executed by PDP?

1 Like

Re: Foreign Reserves Gained $1.52bn In Four Weeks. by Reference(m): 9:18am On Dec 19, 2018
Good. You added N1.52 kobo to your savings. Then what. It is a means to prosperity. It is not an end so it cannot be counted as an achievement. It does not immediately address our problems which I continue to emphasize is the patent lack of productivity. As a nation we are just not earning enough to progress, to keep up with the pace of our population growth. I reminded some folks just yesterday.

Oil which remains our mainstay gold laying goose has been stuck around dropping 2 million eggs for some two decades or so from when our family had 120 million bellies to fill till now when we have added another third, 60 million empty plates. So to be at or to return the poverty levels of the Abacha era we need a daily oil output of some 3 million barrels per day which is not even on the cards, so where is this shortfal some 5 trillion coming from...

The fact is that Nigerians are poorer by the year by default simply because our economy is not generating new cash. We are not prepared by structure to find the new oil reserves. This is the mandate of government and the barometer by which its economic programs, successes and failures should be judges, not foreign reserves that are pitifully meagre compared to its massive debt counterpart.
Re: Foreign Reserves Gained $1.52bn In Four Weeks. by adecz: 9:18am On Dec 19, 2018
gbigbega:


My brother I was about to say something similar. This year alone they have only release 10% of the budget for infrastructure. 10% of what is meant for the nation. its so sad and wicked. yet some hungry people will still come here and tell us he is the best. These are the people that makes the Oyinbos call Nigerians Monkeys.

Yes ohh.

Many people on this forum are half educated
& incapable of critical independent reasoning.

They believe anything they are told by govt or
read on social media.
Re: Foreign Reserves Gained $1.52bn In Four Weeks. by Reference(m): 9:18am On Dec 19, 2018
Good. You added N1.52 kobo to your savings. Then what. It is a means to prosperity. It is not an end so it cannot be counted as an achievement. It does not immediately address our problems which I continue to emphasize is the patent lack of productivity. As a nation we are just not earning enough to progress, to keep up with the pace of our population growth. I reminded some folks just yesterday.

Oil which remains our mainstay gold laying goose has been stuck around dropping 2 million eggs for some two decades or so from when our family had 120 million bellies to fill till now when we have added another third, 60 million empty plates. So to be at or to return the poverty levels of the Abacha era we need a daily oil output of some 3 million barrels per day which is not even on the cards, so where is this shortfal some 5 trillion coming from...

The fact is that Nigerians are poorer by the year by default simply because our economy is not generating new cash. We are not prepared by structure to find the new oil reserves. This is the mandate of government and the barometer by which its economic programs, successes and failures should be judged, not foreign reserves that are pitifully meagre compared to its massive debt counterpart.

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