₦airaland Forum

Nwaonyishi69:
The first thing to show you are knowledge-able on Nigerian issues is that you don't trust or bandy any made in Nigerian data or statistics. They are always cooked. For example, landmass, population, economic growth forecasts, out or in school population, employment data etc; let alone the figures of electricity generation as bandied by a bunch of professional lairs in this APC government.

We agree, give us your counter that we can believe that are not cooked up please

SarkinYarki:
Keep fooling yourself , the rail line is being built to conquer Nigeria and populate it with useless Buhari Nigerian kinsmen ..

It is not a must you contribute into every topic here

solmusdesigns:
rail line extended from nigerian sea port to landlocked niger means we would control all their imports and export duty fees infact they would turn to our bitch economically and end up paying up for the loan used in constructing the rail

Bless you for educating him.

Blue3k:
Assuming they dam up rivers up north do you believe Nigeria will use military force to stop them? Egypt been angry with Ethiopia over their dam construction. That's because the Egypt is nothing without the nile.

Let them dare na, Nigeria had decided to assert her power and position from now.
Population and economy wise, Naija is still bigger than all of them put together.
The era of father Christmas is over

Leeching countries, these ones owe us electricity bills, Ghana owes us gas bills.
Nigeria forming Father Christmas to these ungrateful leeches.
Getting everything for almost free from us, they'd still come online to insult us.
Thank God for Buhari, no other leader would've done this, we are now showing and telling them to respect Nigeria they depend on for survival

Could this be the reason Wike was seen in the video telling his people to assert their Ikwerre identity? I knew it, something would've led to his outburst.

GENEGIRIA:
What is this one saying. Our currency has been at 5 plus Cedis in the past two or three years. Currencies are not static, they go up and go down. If I were you, I will be more worried about your economy. The Ghanaian economy is doing far far better than your nigerian economy. It remains the fastest growing economies in Africa, and that is why nigerians are everywhere in a Ghana these days. They all want to taste better economy and escape poverty you need to come to Ghana and see for yourself your people are everywhere. And yet the nigerian economy is supposed to be a $500 billion producing 2.5 million barrels of oil daily oh dear oh dear

2007,
Cedi to the US dollar was 0.92,
Naira was 120 to the US dollar.

Today, cedis is 5.8 and naira 360 to a US dollar.

Which currency depreciated more?

January 2018, it was 4.52 and January this year it was 4.8 and now 5.8 cedis to a dollar, worthless currency.

GENEGIRIA:
It is not my fault that your retarded brain cannot grasp what I am saying. How is that my problem? How is my fault that the so-called $500 billion economy can’t even provide common six hours of electricity to its impoverished citizens? How is that my problem?

....what can you say about your collapsing cedis, from 4.8 in January to 5.8 cedis to a dollar, give me the % drop. We still export industrial goods to Ghana with our 6 hours of electricity while you with 24/7 supply only watch TV and listen to music all day.

GENEGIRIA:
Can you imagine the crap you just posted? Is there any country on the surface of the earth that is self reliant? Nonsense! What do you mean self reliant? Is there any country that is self reliant?

Look, the bottom line is how well the citizens and the economy is doing. I am happy to report that the Ghanaian economy is doing great, the fastest growing in Africa. Ghana has become a major attraction for your country people. These days, Nigerians are everywhere in Ghana you think they will come if the economy is not doing better than that of Nigeria?

Give is links to your GDP growth rate for Q1, Q2 and Q3 2019 so we can see how fast

GENEGIRIA:
Begging? Are you okay? Who is begging you nigerians? Ghanaians are not dragging your border with you. Or are they? Just that nigerians shops in Ghana have been closed. That’s all. Keep your border. It’s your border. If you like, close it till thy kingdom come who gives a fvck about your nigerians?

You, a nigerian, from the poverty capital of the world, wants to tell me, a Ghanaian, whose country has the fastest growing economy in Africa, how to run my economy? are you well? As you “protect” your market and your economy, how has that helped your economy? How has that helped to create jobs in that....country? oponu, show me you are competent economic managers before spewing garbage,huh?

At least Ghana is helping to ease poverty in your country and put food on the table of million. You are not happy about that?

Your economy has been slowing down since this year and that's why your cedis had been tumbling. How the closure helped, well our rice, poultry and fish farmers had been begging the president not to bow to pressure to reopen the borders and he has reassured them the closure is indefinite.

beresponsible:
Why the yabbing? I don't require previous data to compare with this current buffoonery. If you have any knowledge of economics, you will know that open borders and free markets makes for increased trade volume ala Dubai whereas blocked borders and isolationist policies towards neighbouring trade partners have no positive economic upside

When your neighbours obey the law pertaining free trade, we all play the game but if they decide to cut corners, you do same.

xperienced:
Am somehow not good with the stats.

USA crude oil export figure is higher than the total figure of exports to USA.



The United States once again returned to Nigerian oil, as the country emerged Nigeria’s fifth biggest export destination. It country imported N322.2 billion (6.28%) goods from Nigeria, with crude oil constituting N329.8 billion.

70% of Nigeria's export is still oil and gas, he thinks that this is the final figures not knowing this is just non-oil exports that is being talked about.

GENEGIRIA:
Foolish goat. Bla bla bla stvpid nonsense! Nigeria is trying to stop importation? And yet your country is the capital of world poverty? Ghana’s economy is the fastest growing economy in Africa because we take pragmatic policies, not some stvpid myopic economic policies. Our economy is doing great. The Ghanaian economy is booming. We are doing a great job. Who are you to tell Ghanaians how to run an economy when your generator powered economy is struggling to grow at 2%? We are just helping you mudder fuggerz, so just shut up!

....yet you don't want to be self reliant and producing enough for your people, no wonder your cedi tumbled from 0.92 cedis to 5.82 cedis to a US dollar, but wait, some days back I checked it, it was 5.67 cedis to a US dollar.
What the heck is going on with your economy and currency? Exchange rate this January was between 4.8-5 cedis to a US dollar and now 5.82. Worthless currency.
The naira has been around 360 to a dollar for years now.

Give us a link to your Q2 and Q3 economic growth for 2019 and not the forecasted growth predicted since 2018.

GENEGIRIA:
Countries export and import. Your own statistical office says Nigeria exports more goods to Ghana than perhaps any other country. That makes Ghana a very important country to the nigerian economy. Nigerians export to Ghana, and make money in the process, to support their economy and feed millions of people back in Nigeria. So, Ghana should be seen for what it is, a very important country for nigeria’s economy. Is it too difficult to accept that obvious fact?

Why are Ghanaians buying our products and are we begging them to buy? Poor Ghana that can't try to be self reliant despite their 24/7 electricity.

GENEGIRIA:
Are you a comedian? You sound like one. You think I give a fvck about the trash you wrote?

The facts are clear. Nigerians are exporting to Ghana, and earning good money. That money helps to feed your people back in your country and ease the hardship and poverty in that country. Is that too hard to understand and appreciate?

Why can't Ghana export to Nigeria what we can't produce. Ghana needs those imports desperately and that's why they can't do without them.
I have links to Ghanaian companies complaining of their losses since the closure and if I ask you to give a link where one Nigerian company complained, you'd leave the thread.

Zooposki:
You are not ashamed your country is importing so many non oil products from Nigeria, despite your boasting of 24/7 light. Seems your manufacturing industries are dead. In addition we manufacture a lot of the goods you guys export, hence you guys have nothing to offer us.

He's truly not ashamed of that, he's still waiting for the next 6 months

zoedew:
Nigeria, not Africa- should be the centre of our foreign policy!

Nobody is disputing that fact but we need to fix up the loopholes that these leeching countries are feasting on.

GENEGIRIA:
Crying? I guess nigerians think other people cry the way nigerians do,right? Yes, let’s wait fir another 6 months and see how it plays out. Who knows, the border closure could change everything. Ghanaians are not as clueless as some of you Nigerians think. I live in Accra and people are asking serious questions about economic relations with Nigeria.

Stop crying and wait for the next 6 months, simple

GENEGIRIA:
Point of correction. Nigeria exported......to Ghana. Or did Ghanaians go to Nigeria to bring them? You see the market is very competitive. Other countries can quickly fill up that 17%

So you mean Nigerian companies just sent goods to Ghana when nobody in Ghana requested for them? Stop talking trash about your 17%, you've been told to stop importing and you said we should all wait for the next 6 months, why are you still crying?

GENEGIRIA:
Well, the world has become a global village, as they say. There is nothing under the sun you can’t buy from elsewhere as I said, let’s wait and see in another 6 months and see if these dynamics will change. I believe they will.

Why not wait till that 6 months before you start crying? Wait bro, wait.

GENEGIRIA:
Your analysis is skewed to achieve a twisted and baseless outcomes. The fact that Nigeria has a population of 200 million and Ghana has a population of 30 million doesn’t necessarily give nigeria any economic advantage. Have you heard of purchasing power? It’s all about purchasing power, the ability to buy. When you have a population of 100 million very poor people, it doesn’t translate to a big market. Now, Ghana with its 30 million population is Nigeria’s biggest export market. But nigeria is not Ghana’s biggest export market. So how dies this balance out?

It means while Nigeria depends on money it makes from selling goods in Ghana, Ghana dies not depend on goods it exports to Nigeria. So who has the advantage here?

Nigeria has the comparative advantage in producing those goods Ghana imports from us, you import import from Nigeria because you can't produce them, if you stop importing from Nigeria, we can as well look for where to send your 17% to while we source for an alternative for your 17% from us, simple.

gazza07:
This news doesn't add up. U closed borders and the country you closed borders against turns out to be your best buyer like they are happy u closed the borders against them. APC and propaganda na twins

99.39% of Nigeria's export to the world including Ghana is by the sea, why can't Ghana do so or their companies that poor that they can't afford it? Ghana still imports from Nigeria but won't want to export to Nigeria by sea, how does that concern us?

GENEGIRIA:
Me? Click some useless link? Na today dem born me? I have nothing to be ashamed about. Actually I am proud to know that upon all the mouth you nigerians make, Ghana is a big market for Nigeria and Nigerians. We are putting food on nigerian tables. That makes me very happy,oponu

You obviously know the truth but won't admit it, your business.

Ghana big market for Nigeria?
Nigeria with a population of 201 million and a GDP purchasing power of $1.2 trillion compared paltry Ghana with 28 million and GDP purchasing power of just $200 billion, do the comparison.

GENEGIRIA:
You better shut that your stvpid mouth,huh? if Ghana vex and ban imports from nigeria, how will you guys feed your children? who gives fvck about border? how market you fit rice chop? poor thing

We want Ghana to vex and stop importing from Nigeria or do you want us to come and beg you or what?

k2money:
Ọga so na only land border they fit export their goods? What of seaport, it can also be done by air

Imagine o, 99.39% of all our exports is by sea but Ghana is insisting on land so that they can smuggle things into Nigeria, why can't they use the seaport?

GENEGIRIA:
Which industrial goods? industrial goods my azz with which power?

Have you gone through the link already or maybe you are ashamed to admit it.

GENEGIRIA:
nigerians are the ones crying over border closure now. first, food prices are skyrocketing in Nigeria. Secondly, Ghanaians are closing nigerian shops in their country. Opuna, this is double tragedy

Oh oh! Are they still closing the shops, something I thought should be history now? You are the ones crying, your companies are crying, government officials are crying and begging

GENEGIRIA:
As I said, the importing country has the upper hand. Industrial needs? Like what? Look, all I know is that nigerians sells goods in Ghana, from which they make money to feed their families back in their country and sustain their economy. That is all I know. Another thing I know is that Ghana can easily replace whatever it buys from Nigeria from elsewhere. So Ghana actually is feeding nigerians. Shikena

Go through this link and see the industrial goods Nigeria sells to Ghana

https://brandspurng.com/2019/12/13/nigeria-merchandise-trade-grew-in-q3-2019-with-higher-exports-and-lower-imports/

Every other thing you typed made no sense.

GENEGIRIA:
That is a big lie! The world is free market. Ghana can buy from anywhere. Nigerians need Ghana more than Ghana needs nigeria. Simplicita Ghana can buy the same items it buys from Nigeria from anywhere in the world.

We are saying same thing here, Ghana has the right to buy say an article from Asia and Europe for $200 and Nigeria can offer same for $100, nobody is definitely holding you back.

GENEGIRIA:
Can Ghana import the same goods it currently imports from Nigeria from elsewhere? The answer is yes. A massive yes, so don’t deluded yourself with the crap about. Yes, Ghana is very important because it can import the goods it imports from Nigeria from elsewhere, and Nigeria will be the loser. Is it too hard to understand that logic? . When Ghanaian trucks were stopped from entering Nigeria because of the border closure, were you nigerians not making noise about how Ghana depend on Nigeria? And now that nigeria exports to Ghana, Nigeria is not dependent on Ghana,right? The hypocrisy of the nigerian


Every country is seriously looking for markets for its goods. It is a big competition. Ghana can easily stop Nigeria goods from entering Ghana and import from any country in the world.it is simple as that. After all it is trade and It being paid for.

Have you heard your petroleum minister talking about how important the african market is to Nigeria? He knows global trade is tightening so your neighboring countries should be your first target.

With the border closure, countries in the region are rebalancing their trade ties. Let’s wait and see if in 6 months from now, Ghana will still be a leading destination for Nigerian exports

Let Ghana get other sources they can import from and we are not bothered and let the region rebalance for all we care, fact remains that Ghana relies on Nigeria on some of industrial needs despite your constant bragging about your 24/7 electricity. I guess y'all use for watching the TV and listening to music.

HISWAYS:
Guys the OP says..third quarter... That means Statistics of July--Aug.
Border closure started in the Fourth quarter.

It is actually July-August-September, border closure was in August

ksat:
Your assertion is wrong. The consumer is never the dependant. Implying from your remark it means USA depends more on China than China does of the USA. Which is absolutely false from basic economics.

See it this way, had Ghana taken their 17% purchases elsewhere what would have become of the Nigerian government fiscal policy for next year. It cannot fund 17% of federal project. So understand basic economics and don't twist things.

Ghana knows taking its 17% elsewhere would be more expensive for it so it has no other option than to stick, after all, why haven't it gotten another source since August for its 17%?