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BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 12:24pm On Aug 27, 2024
Pearl1910:
They are like u wey hunger wan finish. If they tell people to come and collect 1k and do solidarity work, thousands will show up even if them no sabi wetin dem come do.
APC has weaponized poverty. U shouldn't be bragging with this one but I forgot u think with ur anus.
grin
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 12:19pm On Aug 27, 2024
IFSHR:
I am not asking for any explanation.. changes nothing

We don’t need to ask you what he is doing wrongly because it’s very obvious to the average person..

Since you are enjoying the government knowing very well and me and you na poor man.. maybe you can tell us just one or two things .. his government has done that has transformed your life to the level of enjoyment.. ?
By force?
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 11:17am On Aug 27, 2024
Pearl1910:
Hmmm... Don't give yourself hope. If Rivers result could stand in the last election then there is no hope. Why should the people always die for something that should be basic. Don't plan to die for Nigeria o, it's not worth it.

https://www.youtube.com/watch?v=caYsbh7S3q8?si=8q1QpDEH-jUL65bN

👆 Solidarity walk for Tinubu in Rivers state. 13 days ago. For the last time, Pearl face your driving. Not everything you think you know grin
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 11:12am On Aug 27, 2024
izzou:
[color=royalblue]Because the person who voted Obi knew it was not going to go well with Tinubu

I thought this was very easy to understand

One saw a potential disaster
The other one was scammed[/color]
I thought you said only Tinubu's supporters are complaining. Why are you complaining on their behalf na? Is it so hard to understand? You claim some set of people are complaining but you're the one doing it on their behalf grin
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 11:09am On Aug 27, 2024
IFSHR:
I doubt if you are benefitting anything tangible from the government.. I can bet since the inception of this government your purchasing power have reduced drastically, elections are over but the consequences are here for us all to see, you can play blind or deaf or loyalty to your principal, but the reality of things is very obvious.. you said those that voted obi is complaining? Is obi the president ? Is obi the one making policies.. a Government asking Nigerians to endure but spending money lavishly , awarding 1km of a road to an ally at ridiculous rate.

Do you have kids? Have you thought out the situation of the country can shape their future? Do u have family members that are not earning well but yet having to compete to survive under the price effect of policies formulated by these government.

Have you travelled outside the shores of these countries to understand the role of government in daily survival of the average citizen.

Fuel subsidy was claimed to be removed and your Nnpc is asking the FG to write off some of their earning so the money can be used to subsidise some expense. Fuel is expensive and yet still scarce.

Be honest with your reality? Is this what you really voted for? Is this what a government that’s is assuring us to suffer now and it will get better policies looks like.

They failed with their dollarisation policies already, you can’t apply regulation without boosting your own forte. What has the government done to promote industrialisation of locally produced goods and services.

You can say anything just to defend your believes and probably political decision, but when you are left alone.. tell yourself the truth.
I'm done explaining anything to anybody... I chose to vote for Tinubu and I'm enjoying his government. You can't force opinions on me. Ask for my opinion. Ask me what I think the president is doing wrongly. If you continue this way, I will also continue that way.

Best of luck
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 10:51am On Aug 27, 2024
izzou:
[color=royalblue]Toor.

He can win till 2031. At least, Tinubu and Obi are not queuing up at Northwest, or buying fuel at 950 in Lagos.

It is the person who votes Tinubu that will come back and complain.

Abi?[/color]
The person who voted Obi too is complaining na. Àbi na Tinubu Pearl vote? Even person wey no vote dey complain. Why only the person that voted Tinubu? grin
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 10:48am On Aug 27, 2024
izzou:
[color=royalblue]So, is this tribalism?[/color]
💯 Same as what happened in the East. grin
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 10:46am On Aug 27, 2024
izzou:
[color=royalblue]It was very glaring that APC had nothing to offer.

That is why their defence lately is "What would Obi have done"? , or as dapotemi said "He has always struggled for everything in life" (whatever that means) grin

APC had 15 million votes in 2019
APC had 8 million votes in 2023

Let us see how many would have learnt by experience in 2027[/color]
Tinubu will get more votes in 2027 than he did in 2023. grin

Ire ooo
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 10:45am On Aug 27, 2024
izzou:
[color=royalblue]I am dishonest enough to hide that, but you're being dishonest to make the results all about tribalism.

The candidacy of two Muslims will never appeal to a region of Christians[/color]
Ekiti people are 90% Christians, Same as Ondo but they voted for Tinubu a Muslim 😸
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 10:17am On Aug 27, 2024
izzou:
[color=royalblue]APC controls two states in the SE, yet Tinubu came third. So why didn't they troop out to vote Tinubu?

Your argument was about the optics of voting between Tinubu and Obi. Why are you bringing in Atiku?

Tribalism obviously had a role in their individual performances, but using results to show it is dishonest and cunny.

There are other factors that obviously contributed to that difference

For one, SE has the highest concentration of Christians. Only LP had a Christian candidate, compared to the rest, even though a Muslim had just finished ruling. Isn't this a factor?
[/color]
You see that bolded gan gan is what I need. Peace be unto you.
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 10:15am On Aug 27, 2024
pope191:
Playing on people intelligence, being ambiguous and speaking from both sides of the mouth is not opinion. Be firm and bold in what you stand for, if you must run from someone? Then it should be chameleons.
Thank God you're a man of proverbs. T'a bá ní ègún bàbá ẹni má jo, tí kò bá padà wá jo nkọ....
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 9:59am On Aug 27, 2024
izzou:
[color=royalblue]Why not take into consideration that Tinubu is from the ruling party?

Abi that one no count?[/color]
Why not take into consideration that Enugu is a PDP state and they should have voted for Atiku Abubakar?

Abi dat one no count?
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 9:54am On Aug 27, 2024
Pearl1910:
Last last everyone is entitled to his opinion or statement... But don't blame people or insult them for addressing you the way your statement makes u sound.
Last last una go give me my medal for this thread. Pearl has now gone from talking sense into people to respecting people's opinions. What a day to be alive grin
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 9:53am On Aug 27, 2024
Pearl1910:
That ur big triangle head is full of water, u can't comprehend a simple article or essay.
The reverse is the case, u can't defend Tinubu or APC and not sound foolish.
Cornered and Ignored! 🤌😁

BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 9:40am On Aug 27, 2024
pope191:
I no deh for politics, but more of human. You said something about the people that did not vote yesterday. Maybe I am part of the problem, but deep within APC is going to win the election. I honestly avoid sharing political view with people, because I feel everyone should be entitled to their view like religion and live and let live.

For someone to say there’s no difference between this government and previous one, even when presidency admit it’s just a baby step. 😂 that person is a mad person without mincing words.
But you just said people should be entitled to their own opinions na
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 9:35am On Aug 27, 2024
Pearl1910:
Quiet frankly, last election was not about Tribe or ethnicity for many people but for some Yoruba people. The Hausas do it and we don't really blame them because of their level of education and exposure.
I don't need to highlight that Igbos have always voted for Yoruba and Hausa when the candidate was more credible than the Igbo man in the ballot. Underline the word more credible.
In d last election it was clear that the Igbo man on the ballot was more credible and hard less baggage than the Hausa or Yoruba man.
Even many Yoruba and hausa people voted for the Igbo man.
So u can't gaslight the Igbo man for chosing PO. Rather till tomorrow, decent people should be apologizing for their role in supporting a person with many question marks on his head. just because of tribe or personal gains not minding the bigger Nigerian society.
The APC as a party was weaved with the fabric of sectionalism and thread of regionalism. Tinubu said emilokan, awalokan, and as a Yoruba person, if you are not in APC, or support Tinubu then u are not Yoruba enough, u are an omoale. now tell me what more can be defined as a tribal party or sectional candidate?
Let's not go into that, we are experiencing the hash reality of our rash decisions since 2015.
Even Onokpasa, a strong Tinubu supporter and spokesperson has recently conceded and turned critic that Tinubu is not going about the economy the right way.
The story for today is don't think u are better than ur neighbour simply because of societal class of having a 9-5 job or my pay is big. It's nauseating.
Many young boys and girls are making ur yearly income in a month doing seemingly odd jobs. The world is changing and its moving fast away from the conventional thinking that u hold dear.
There's no way you will talk politics or try to defend Peter Obi and you don't sound dùmb. I've always told you.

Only 2 states in Yorùbá land gave Peter Obi the entire votes that Tinubu got in the whole South-East yet we are the tribalistic ones because we stood for what we want?

How does that sound to you? Dùmb innit

PS. In context (Image attached): Out of 400k voters, only 4.7k voted for Tinubu
But out of 200k voters about 11k voted for Obi

And Yorùbás are the tribalists?

BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 9:22am On Aug 27, 2024
Conner44:
We dey miss you for the thread na kiss you have a new convert here in the name of dapo wink

Wait, let him load his account balance first then you can carry him and go cool no shaking
Just shocking to see that Pope that callede 26 years old is my age bracket 😂

Omoh! Even stooping so low to do account balance challenge. This thread will unleaded the beast out of you.

Same way pearl dropped all his logic and maturity and started shouting LASEPA, Poland, etc the other day.

Na here I go dey sha grin
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 8:53am On Aug 27, 2024
Pearl1910:
Do u see how upset you are because Pope insulted u... That is how upset a lot of people were [b]when u said Tinubu has not changed anything t[/b]hat people have been suffering since 19kokoro. You touched nerves and that was very insensitive

A little self retrospection would have helped u talk better and be more sensitive of people's plight. Everyone is taking on d challenge of surviving and moving forward in these hard times, however they want to vent and lament allow people to express themselves.
In one breath you are saying u are still struggling in another breath u are saying Tinubu govt is not affecting you. Well that's your opinion, albeit, it is clear its a false one.
If what u post here is true, I remember u were adding 1 car to ur fleet yearly between 2019 and 2022, u have also been on a building project for as long as I can remember. You always buy toks, but today u r asking questions about Naija used car for 2.5m and builder is giving u 22m to do block work and roof only.
Before 2019, 22m will build u two houses and 2.6m will buy to a sharp toks RX300 or Toyota Camry Muscle. I am pretty sure your salary + income from side hustle has not increased by more than 50% of what it used to be but every single thing in the market has tripled since 2019 till date.
How can u in your own right personal judgement, sound the way u sounded and expect people to tell u well-done. Except u never had or acquired the things u say u did or u are plaqued by the sickness of tribalism and bigotry. U may not want to accept it but that's the truth.
Nobody is upset with u for supporting Tinubu, some may be disappointed, but largely people are used to it, however u where inconsiderate to what people are going through and the reality on ground today.

By calling someone an ordinary driver when I urself are one.. . is evidence that u may probably not be mentally stable. The house u have not started, many drivers on this thread have completed their houses long time ago. There is nothing u have, that a driver in this thread, have not achieved in life. I did ACCA far back in 2013, PMP in 2014, CBAP 2017. What makes u think in your tiny brain that u are even an inch better than an average driver. Is it because u have a 9-5 job, u travel on office paid trips around Nigeria and that u are building a househuh Even your MD/CEO is lamenting about the economic situation if not openly but silently and is probably considering how he will downsize to remain afloat and u are here ranting about getting a job and insinuating that somebody that has a job is devoid of complaints and is financially free. Sorry to burst your bubbles but u are on an imaginary horse, u are still on the same class like the ordinary driver, trying to spite Pope by calling him a driver is cutting off your own nose, it is self destructive. You aren't any better, so humble yourself and think like the educated man that u are.
This is not about politics, the urge to feel better than another man or the need to put another man down is witchcraft.
Igbo man vote fellow Igbo man (Peter Obi) = Good governance

Yorùbá vote fellow Yorùbá (Tinubu) = Tribalism

If someone says Tinubu's government has not affected anything, are we not practicing democracy?

I'm sure you can't carry this attitude outside Nigeria else you will see 2 gays kissing and you will start saying you want to talk sense into them.

Rest!
Pearl Rest!
Everyone here is an adult and they may decide whatever they want to do with their lives!
I repeat Rest!
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 8:30am On Aug 27, 2024
Conner44:
donbrowser I sight you o 👀 how far na? We don finally see who you better pass for here wink

Run come see person wey wan build house wey no get voters card grin and him follow us dey this same obodo 9jariya oh cheesy

He is going to apply for his card so as to dash tinubu his vote in 2027 just to teach drivers here political lessons 😀

Come and carry your latest convert kiss
Why una dey mention my name for matter wey no concern me?
Like 3 people don directly or indirectly mention me 🤷🏽‍♂️
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 4:07am On Aug 26, 2024
northbird:
are you advising a complete novice to take HP?. Is that good counsel? and nobody is asking him to take Nigerian used.
Yes. My friend was a newbie when he took his car from Gbovo. I even thought him how to drive. It's far better than buying a Nigerian Used car. He has less worries.
CultureRe: Enugu Government Disowns Adebayo As Oba Of Yoruba Community by donbrowser(m): 8:21am On Aug 25, 2024
Good riddance
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m):
davidowizkid:
Pls sir I just got my drivers license will gbovo give me a good car if I can drop 1.8million no much experience with driving but I know my hand will get solid fast
In addition to what I told you before, my friend driving a tokunbo gbovo car has thanked me occasionally for advising him to opt in for their Tokunbo instead of Nigerian used car.

He told me Gbovo even gets tired of people complaining in their groups about their Nigerian Used car. Buy foreign Used and enjoy peace of mind.

The people telling you to buy a 1.8million Nigerian Used car will not tell you to keep extra 500 to 700k for repairs until the problem start and they will start saying "you're supposed to" or you bought car from the wrong person.

My final cents
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 9:12pm On Aug 24, 2024
northbird:
Follow @ Ksmart027 advice. Don't go and drop 1.8 million for any HP. Hp is not for rookies. Once you drop it, your money is gone.
But Nigerian Used car is for rookies?
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 2:07pm On Aug 24, 2024
davidowizkid:
Pls sir I just got my drivers license will gbovo give me a good car if I can drop 1.8million no much experience with driving but I know my hand will get solid fast
Yes. They will give you a Tokumbo car and that amount will reduce your weekly repayment greatly. And please whatever you do in life, ignore those people asking you to buy a Nigerian Used car. I wish you the best.
PoliticsRe: Man Goes Off On A Rant After Discovering That Son Of New CJN Is An Obidient by donbrowser(m): 12:34pm On Aug 24, 2024
Smartcitizen:
If you visit most Kwara and Ekiti local government, you will hate most of these APC ONLINE PAID supporters.
You will not hate most PDP online paid agents if you visit Abia and Enugu local government?
PoliticsRe: The Election BVAS Should Have An E-collation System - Chidoka by donbrowser(m): 12:24pm On Aug 24, 2024
Lol. Some people can't get over this election loss sha.
PoliticsRe: Nigeria, A Collateral Damage, Says Burna Boy by donbrowser(m): 6:47am On Aug 24, 2024
Elvictor:
Did he murder you or your family member?
Yes. You're chatting with a ghost.
PoliticsRe: Nigeria, A Collateral Damage, Says Burna Boy by donbrowser(m): 12:27am On Aug 24, 2024
Can we revisit his murder case?
PoliticsAgbadonomics: What Tinubu Is Doing To Reverse FDI Decline by donbrowser(op): 6:30pm On Aug 23, 2024
According to United Nations Trade and Development (UNCTAD) report Nigeria's foreign direct investment (FDI) inflow for year 2023 was US$1.873 billion, Nigeria was ranked number 8 in FDI. The top 10 are:

1. Egypt: US$9.841 billion
2. South Africa: US$5.2 billion
3. Ethiopia: US$3.263 billion
4. Uganda: US$2.886 billion
5. Senegal: US$2.641 billion
6. Mozambique: US$2.509 billion
7. Namibia: US$2.345 billion
8. Nigeria: US$1.873 billion
9. Cote d'Ivoire: US$1.753 billion
10. DR Congo: US$1.635 billion.

The situation is even more troubling when you consider that Nigeria had consistently attracted FDI inflows of over US$4 billion annually since 2005 during the Obasanjo, Yar'adua and Jonathan administrations. However, since the APC took over in 2015, the country's FDI inflow has failed to reach even US$4 billion.

Olusegun Obasanjo
1999: US$1.18 billion
(Obasanjo assumed office in May 1999)
2000: US$1.31 billion
2001: US$1.277 billion
2002: US$2.04 billion
2003: US$2.171 billion
2004: US$2.127 billion
2005: US$4.978 billion
2006: US$4.9 billion

Obasanjo/Yar'adua
2007: US$6.087 billion

Umaru Yar'adua
2008: US$8.25 billion
2009: US$8.65 billion
(top 3 in Africa in both years)

Goodluck Jonathan
2010: US$6.099 billion
2011: US$8.92 billion
(ranked number 1 in Africa)
2012: US$7.127 billion
2013: US$5.61 billion
2014: US$5 billion

Jonathan/Buhari
2015: US$3.064 billion

Muhammadu Buhari
2016: US$3.45 billion
2017: US$2.413 billion
2018: US$775 million
2019: US$2.305 billion
2020: US$2.4 billion
2021: US$3.313 billion
2022: US$895 million

Buhari/Tinubu
2023: US$1.87 billion

Bola Tinubu
2024:


Link to UNCTAD FDI Reports for Nigeria in the last 30 years: https://unctad.org/data-visualization/global-foreign-direct-investment-flows-over-last-30-years

President Tinubu’s Efforts to Reverse the Anomaly Above
The efforts of the current government under President Bola Tinubu to reverse this trend, let's examine specific actions and developments:

Decline in FDI
Nigeria’s FDI decline can be attributed to several concrete factors:

Policy Inconsistencies: During the Buhari administration, frequent changes in economic policies, especially concerning foreign exchange controls, created an unpredictable environment that discouraged long-term investments. The Central Bank’s management of the naira and multiple exchange rates led to confusion among investors.

Economic Recession and COVID-19 Impact: Nigeria entered two recessions within five years (2016 and 2020), partly driven by falling oil prices and the global impact of COVID-19. These recessions reduced investor confidence as the economy struggled to recover.

Security Challenges: The rise of Boko Haram in the Northeast, coupled with increasing banditry and kidnappings in other regions, significantly hampered investor confidence. High-profile abductions and attacks made headlines globally, portraying Nigeria as a high-risk investment destination.

Infrastructure Deficiencies: Despite various projects, Nigeria still faces significant infrastructure gaps, particularly in power supply, road networks, and port operations. These deficiencies increase operational costs, making it less attractive for foreign businesses.

Efforts by the Tinubu Administration to Reverse the FDI Decline
President Bola Tinubu has taken tangible steps to address the decline in FDI and improve Nigeria’s investment climate:

Economic Diplomacy and Global Engagements: Paris Summit for a New Global Financing Pact: In June 2023, President Tinubu participated in this summit where he advocated for increased foreign investment in Nigeria and Africa at large. He used the platform to highlight Nigeria’s readiness for investment, particularly in sectors like technology, agriculture, and infrastructure.

Gulf Countries Engagements: Tinubu’s administration has actively engaged with countries in the Gulf region, notably the United Arab Emirates (UAE) and Saudi Arabia, seeking investments in sectors such as oil and gas, real estate, and technology. During these engagements, Tinubu emphasized Nigeria's large market and strategic position in Africa as an investment hub.

Removal of Fuel Subsidies and Exchange Rate Reforms: One of Tinubu's early actions was the removal of fuel subsidies, which was seen as a bold step towards creating a more market-driven economy. This action aimed to reduce the fiscal burden on the government and create a more transparent environment for investors.
The unification of the exchange rate under the Tinubu administration has also been a significant reform. By allowing market forces to determine the naira's value, the administration has aimed to restore investor confidence in Nigeria's financial system, making it easier for foreign investors to repatriate profits and invest further.

Infrastructure Investments and Partnerships:
Tinubu’s government has been actively pursuing infrastructure development through public-private partnerships (PPPs). For example, the administration has engaged with foreign partners to invest in critical infrastructure projects, including the Lagos-Calabar coastal railway project and the development of deep-sea ports.
The administration is also in talks with global tech giants and renewable energy firms to invest in Nigeria’s technology and energy sectors, aiming to close the infrastructure gap and reduce operational costs for businesses.

Investment Promotion and Simplification of Business Processes: The administration has launched initiatives to streamline the business registration process through the Corporate Affairs Commission (CAC) and reduce the bureaucratic hurdles faced by investors.
The Nigeria Investment Promotion Commission (NIPC) has been revitalized to more aggressively market Nigeria to global investors. This includes highlighting success stories of foreign businesses in Nigeria and offering incentives for new investments.

Security Enhancements: Recognizing the security challenges, Tinubu has restructured the leadership of Nigeria’s security agencies and increased the budget for security operations. The government is also exploring partnerships with foreign governments for intelligence sharing and counter-terrorism support.

Specific Outcomes: Saudi Arabia Investment Forum: Following Tinubu’s engagement with Saudi business leaders, there have been commitments to explore investments in Nigeria's agricultural sector, with a particular focus on expanding agricultural exports.

EU-Nigeria Business Forum: At this forum, Tinubu’s administration secured commitments from European businesses to invest in Nigeria’s green energy sector, particularly in solar power projects.

These actions demonstrate a proactive approach by the Tinubu administration to not only reverse the FDI decline but also to position Nigeria as a more attractive destination for global investors. The efforts are ongoing, and while it may take time for the full impact to be seen, these steps are crucial for boosting investor confidence.

Projected FDI Inflows (2024-2026)

2024: US$2.5 - US$3 billion
Rationale: The immediate impact of Tinubu's economic reforms, such as the removal of fuel subsidies and exchange rate unification, is expected to start attracting cautious foreign investments. While these reforms may not fully restore investor confidence in the short term, they are likely to result in a modest increase in FDI compared to 2023.
Key Drivers: Continued economic diplomacy, particularly in the Gulf and European markets, and initial infrastructure investments.

2025: US$3.5 - US$4.5 billion
Rationale: As the benefits of infrastructure projects and public-private partnerships (PPPs) begin to materialize, Nigeria should see a more significant increase in FDI. Additionally, enhanced security measures and a more stable economic environment should further boost investor confidence.

Key Drivers: Ongoing foreign engagements, successful infrastructure completions (e.g., railways, ports), and increased investments in renewable energy and technology sectors.

2026: US$5 - US$6 billion
Rationale: By 2026, if the current momentum is maintained, Nigeria could see a substantial recovery in FDI inflows. The completion of key infrastructure projects, improved security, and a fully implemented market-driven economy are expected to attract more substantial investments. Tinubu's consistent international engagements and the favorable outcomes of his reforms could help Nigeria regain its position as one of Africa's top FDI destinations.

Key Drivers: Completion of major infrastructure and energy projects, sustained foreign investor interest, and Nigeria's positioning as a leading market in Africa for renewable energy and technology investments.

Nigeria recently exceeded forecasts regarding its foreign reserves, which is a notable achievement given the economic challenges the country has faced.

Exceeding the Foreign Reserves Forecast
Initial Forecast:
Due to economic pressures, including declining oil revenues, persistent inflation, and a widening trade deficit, many analysts had forecasted a significant depletion in Nigeria’s foreign reserves. In early 2023, some projections suggested that reserves could fall to around $32 billion by the end of the year.

Actual Performance: Contrary to these projections, Nigeria's foreign reserves were reported to be approximately $33.93 billion by mid-2023, slightly above the forecasted levels. This figure indicated that the country had managed to stabilize its reserves despite ongoing economic challenges.

Key Factors Contributing to Beating the Forecast:

Improved Oil Production and Revenue: There was a modest recovery in oil production, and global oil prices remained relatively stable, leading to better-than-expected oil revenues. The government’s efforts to curb oil theft and improve security around oil installations played a role in maintaining production levels.
Remittances: Nigeria has one of the largest diasporas in the world, and remittances have been a crucial source of foreign exchange. The government has implemented policies to encourage these inflows, such as the "Naira 4 Dollar Scheme," which provided incentives for Nigerians abroad to send money home through official channels.
Foreign Investments: While FDI figures were lower than in previous years, portfolio investments, particularly in the Nigerian bond and stock markets, saw some recovery. Investors were attracted by higher returns in Nigerian markets compared to those in more developed economies.
Strategic Currency Management: The Central Bank of Nigeria (CBN) employed a more strategic approach to managing the naira, including interventions in the forex market that helped stabilize the currency and preserve reserves.

Implications
Exceeding the foreign reserves forecast is significant as it provides the government with a buffer to manage economic challenges and maintain investor confidence. It also suggests that Nigeria’s macroeconomic policies, particularly those aimed at stabilizing the currency and boosting non-oil revenues, are beginning to yield results. This development, combined with ongoing reforms, can further enhance Nigeria’s attractiveness to foreign investors, potentially contributing to the projected increase in FDI inflows over the coming years.

Source: My Humble Self
EducationNELFUND Explains Why South-east Is "Exempted" From Student Loan by donbrowser(op): 4:42pm On Aug 23, 2024
Their reply on Twitter:

"Thank you for your concern. It’s important to clarify that geopolitical zones are not a factor in the disbursement process. NELFUND sent a verification list to every institution eligible for disbursement. Payments are being made to institutions that have responded to this verification. Unfortunately, we have not yet received any response from the institutions in the South-East. We urge these institutions to complete the verification process so that their students can benefit from the scheme."

https://x.com/NELFUND/status/1826991650939244755?t=ErnVLbC2c88MXkkU6aDlAg&s=19

FoodRe: Plantain Of ₦2,000 In Aba (Photo) by donbrowser(m): 3:50pm On Aug 23, 2024
Aba abi where? Lol make I no talk
BusinessRe: If You Are Uber Partner In Lagos, Please Share Your Experience Here by donbrowser(m): 2:21pm On Aug 23, 2024
Advision:
Only you - lasema, uber, japa to Poland, Tinubu propagandist, fiverr...now you've added tiktok content creator, anti-tinubu and anti-pastor content creator and want to start online teaching .

You need to sit down and have an honest conversation about how you want to do.
How come you're posting for the first time here and you know all this? Or someone forgot to switch account? grin

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