If they say they have forex then it means they don’t have anything. MMM PATTERN

You have enough forex yet banks are limiting forex transactions

mrvitalis:

Simple ..for a Nation to develop it's budget to gdp ratio should be 25% to 35%

Our GDP is 450 billion dollars ...30% is over 135 billion dollars a year ...that's close to 50 trillion ....10 trillion for recurrent expenditure ....

Tax is the key simple

C' mon tax! How can you say tax? Can you by aggressive tax drive possibly double the current tax which isn't up to N6T ? You tax profits not assets BTW.
You need money from abroad.
I'll give one example for you to see how things are- oando bought conocophilips entire assets for $1.6B with about half of the money coming from overseas. 5 nigerian banks could only give a loan total of $0.4B. They also raised money from JSE. Asset of about N300B(@ N180) then was a struggle to finance locally- just imagine d impossibility of N50T every year.

being:

C' mon tax! How can you say tax? Can you by aggressive tax drive possibly double the current tax which isn't up to N6T ? You tax profits not assets BTW.
You need money from abroad.
I'll give one example for you to see how things are- oando bought conocophilips entire assets for $1.6B with about half of the money coming from overseas. 5 nigerian banks could only give a loan total of $0.4B. They also raised money from JSE. Asset of about N300B(@ N180) then was a struggle to finance locally- just imagine d impossibility of N50T every year.

I have told u how tax can raise 50 trillion a year but seems u have your heart set not to listen ....have a great time bro

Kurtis02:
After Baba Lai assured of facilities kept in place to fight covid-19.


Wonder what the case would have been if there was no donations ( testing equipment & finances)

Nigeria is certainly on a long thing.