SmartyPants:
Meanwhile those who did believe then will suddenly stop believing now. Wahala!

But then to be fair to the old man, I believe what he said/meant wasn't that statistics don't matter, but rather, practical applications of the statistics to the Nigerian context is what is relevant.

eteebanky1:
Commendable, but our Naira is mercilessly declining against the Dollar

The federal government should Ban importation of petrol and petroleum products into the country

tinsel:

https://www.thecable.ng/nbs-nigerias-exports-outpace-imports-trade-surplus-hit-n3-5trn-in-9-months/amp

Winning123:
Stop lumping everybody with your failure. Get more productive with your life and you will witness a remarkable personal change. Some people are smilling now having hit it big. Ghost did not make those figures happen. It is a pity some people liked your comments. Birds of the same feathers.

tinsel:

https://www.thecable.ng/nbs-nigerias-exports-outpace-imports-trade-surplus-hit-n3-5trn-in-9-months/amp

Fujiyama:


^^^
I liked his comment...and I don't have any feathers.

I want to learn and I would like you to educate me. No insults and no motivational speeches or psychobabble, please.

Just explain the economics to me - of how a trade surplus of N3.5 trillion(equivalent to 15% of the year's budget and likely to go higher) as at September 2023 has had no impact on the local currency - with a month to the end of the fiscal year.

Go on.

I'm waiting.

LLSAINT:
Yet no reflection on the national economy?
Please save us this statistical drama

ottersberger:
What did Nigeria export, oil or manufactured goods? Most of the oil exports were sold by the previous administration and money was collected in advance in anticipation of delivery (debt).

Don't hold your breath, our economy is currently on life support while Tinubu jamborees with a 1000 sycophants entourage.

tinsel:

https://www.thecable.ng/nbs-nigerias-exports-outpace-imports-trade-surplus-hit-n3-5trn-in-9-months/amp

Fujiyama:


^^^
If your trade balance is positive then your currency appreciates - unless you decide to keep your currency artificially low (China for example keeps the renminbi artificially low to keep its exports competitive and maintain that positive trade balance).

As far as I am aware, Nigeria is not keeping the Naira artificially low. So how can such a large trade surplus of N3.5 trillion (this trade surplus is about 15% of your entire 2023 budget (supplementary budget included)) not lead to appreciation of the local currency? And the year isn't over mind you - if this positive trade balance (as reported) continues, then the year end trade surplus should be even larger. Some posters have mentioned a lag before the effects of a trade surplus can be seen. How long? A year? A decade?

Something is not adding up.

Ijaya123:


But if the same NBS says unemployment has increased, you will believe it hook line and sinker.

eteebanky1:
Commendable, but our Naira is mercilessly declining against the Dollar

The federal government should Ban importation of petrol and petroleum products into the country

LLSAINT:
Yet no reflection on the national economy?
Please save us this statistical drama

eteebanky1:
Commendable, but our Naira is mercilessly declining against the Dollar

The federal government should Ban importation of petrol and petroleum products into the country

Fujiyama:


^^^
If your trade balance is positive then your currency appreciates - unless you decide to keep your currency artificially low (China for example keeps the renminbi artificially low to keep its exports competitive and maintain that positive trade balance).

As far as I am aware, Nigeria is not keeping the Naira artificially low. So how can such a large trade surplus of N3.5 trillion (this trade surplus is about 15% of your entire 2023 budget (supplementary budget included)) not lead to appreciation of the local currency? And the year isn't over mind you - if this positive trade balance (as reported) continues, then the year end trade surplus should be even larger. Some posters have mentioned a lag before the effects of a trade surplus can be seen. How long? A year? A decade?

Something is not adding up.

hakym619:





Come, let me give 2 sure odds from now till 25th
.








It's year ending, CAN ANYONE HELP ME WITH SURE SIDE HUSTLES FOR A 8 AM - 4 PM WORKER.

JUST A SKILL THST WILL BENEFIT MẸ FININCIALLY NEXT YEAR.

hakym619:






.








It's year ending, CAN ANYONE HELP ME WITH SURE SIDE HUSTLES FOR A 8 AM - 4 PM WORKER.

JUST A SKILL THST WILL BENEFIT MẸ FININCIALLY NEXT YEAR.

johnjose68:


As you are busy taking you FAKE hero beer, take time to read this, the lest discuss:

https://www.nairaland.com/7931471/obis-budget-2009-governors-office


In 2009, when Obi was the governor of Anambra state, his 2009 budget for Governor's office was higher than that of education and health combined.
Compare below his 2009 budget with that of Chimaraoke.
Should we discuss how, under your leadership, Anambra budgeted N5.8 billion and N5.3 billion for the Executive Governor's office in 2009 and 2008, respectively, while the total budget for education was just N2.8 billion?

The way Obi talks about health and education, you would think he spent a lot on capital expenditure for them
- Governor's office : ₦5.8B
- Edu: ₦2.8B
- Health: ₦1.5B
Compare this with
@ChimarokeNamani
2005 budget:
- Governor's Office: ₦1.4B
- Edu: ₦10.7B
- Health: ₦4.3B

Simeonjoe1:


Do you have local alternatives?

Artscollection:
They are stiffling consumer's purchasing power with their quack policies. You raised your dollar rate without increasing the minimum wage so it is normal that export with surpass import.

Lanre1st:
This is a good news, but hope it is not a deceit propaganda.