We don’t need $40billion loan to stabilize our currency because our currency is already stable though devalued. Argentina is currently the most indebted country to IMF. They took a $20billion loan just recently and now, the US is about to bail them out again on the condition that they vote Trump’s friend bank into office. No, we won’t mortgage our country’s future to the dictate of foreign power.
Whatever the case is, the USD loan will still go the way of others except Argentina stop defending the Peso and allow it to float without any band and find its level. Floating helped the Naira to stabilize despite the devaluation. That’s why we are no longer borrowing billions of dollars weekly simply to support the naira.
India let its currency fall from 80 to 90 in 2 years , heavens did not fall down .This is still a economy that is growing at 7.5 percent and has 700 billion dollars worth of reserves .
As u said, Tinubu is once in a generation leader , the pain is short term , but long term there will be gain .
zero8zero: This is after getting $20 billion loan from the world bank earlier. The finishing specialists/Bitter Obidients said Nigeria should go to Milei and study Argentina economy 😂
Ha ha , the obedients are so stupid , unfortunately nairaland does not have the save the post feature .
seunmsg: Every Nigerian should say a prayer for President Bola Tinubu every night before sleeping. Nigeria’s situation would have been worse than that of Argentina if Tinubu hadn’t initiated the bold reforms.
This one ,you should book mark prominently as this is true .
The list does not make any sense what are the parameters.
Bengaluru placed at 15 is next to the main silicon valley in term of employee count or turnover of companies , Bengaluru city alone generates 100 billion in GDP output .
Mirasteel: The same Pakistan that destroyed 6 Indians fighter jets few weeks back? you must be dreaming.
There is no wreckage of downed aircraft and any pilot killed . Western media just carried Pakistan propaganda , while Indian released videos and pictures of them attacking Pakistan airfield.
Situation is so bad that Pakistan has to beg Saudi Arabia to sign mutual defense treaty.
horpe132: . .. Be fast to listen, but slow in response & typing... .. Your Indian 'rational' lawmakers didn't ban gambling in India, they only banned it on Online platforms..... Thereby reducing its negative effect to some extent..
.. Did it occur to you that your 'irrational' lawmakers here may have put in the laws & monitoring system to guide against what happened in India??...... Or as black, you people & your lawmakers don't ever do anything right?? Huh
There are no betting shops on streets of India . legal betting in India is only restricted to Online platforms ,Horse racing and casinos .
Now they have banned online platforms , 99 percent of indians will not be able to acess the betting as casinos are less than 20 in country of size of India and government does not give permission to them .
As for Tinubu, I'll just wait for him to finish you hopeless zombies!
We can post hundreds of you tube videos , who are supporting Ruto among diaspora .
Obidients like u ,does not understand the magnitude of problems facing Kenya and Nigeria , finally we have presidents who spoke the truth as it is and fixing the problems .
A poster who registered from 2019 is telling me , who is registered in 2009 , who the hell are you .
wonders can exist .
Can this forum knows, what exactly u , aka kenyan and Nigerian opposition have a solution to solve the problems affecting the countries .
Nothing . only posting Random you tube videos suiting ur taste .
We understand both countries presidents are in a difficult situation , what is the solution .
dont tell me by posting stupid You tube and outlandish videos is the solution .
We need concrete solutions instead of playing to gallery .
Obiano13: Thats Eldoret where RIP comes from. Ruto has ensured an underground organ harvesting industry thrives without control. That hospital where the organ harvesting happens is owned by an Indian guy who is Ruto's closest friend...same clique with Adani we chased away. They dupe foolish Kalenjin boys like RIP to sell their kidneys for 200k Kshs then Ruto and the Indian guy sell it to rich foreigners for as high as 200M kshs. The foolish hungry Kalenjin boys are left suffering alone in pain and biting poverty while Ruto uses that money to bribe voters.
Majority of kenyan people based abroad support Ruto .
Kenya is on verge of breakout from underdeveloped country to developing country , statistics dont lie .
If people dont like Ruto ,he will be voted out based on realities and not on online gossips .
Presidents like Ruto and Tinubu have finally grasped economy and they understood ,that there are no free lunches anywhere and making painful economic decisions to help their countries .
DeathParade: Factually incorrect. India's GINI index has fallen in concert with its rising economy. Meaning income inequality has DECREASED with the increasing GDP. This alone is a sufficient proof that Indian growth has benefitted the Indian poor.
But let us look at more hard data:- Figure ; 2014 ; 2025 Percentage of Indian households with tap water connection (including rural houses) ; 16% ; 80.7% Annual air conditioner sales ; 3 million ; 14 million Annual car sales ; 25 million ; 43 million Number of Indians with a bank account ; 35% (2011) ; 80% (2018) LPG connections (for cooking) ; 145 Million ; 328 Million Electricity consumption per capita ; 975 kWh ; 1400 kWh
In the past 10 years, household toilets, paved roads and electricity reached every last village in India. The financial inclusion and microfinance revolution of the past 10 years in India is a world renown story, India made history with it. Try to read up. Overall, Indian economic growth has affected even poor and lower middle class people.
Now coming to infrastructure: are you kidding me bruh? You have to live under a rock to say that infrastructure has not grown in India. In reality, India is currently on a massive multi Trillions of dollars spending spree in a massive infrastructure push that is along the largest and fastest infrastructure growths in human history. Numbers:-
Qty; 2014 ; 2024 Airports ; 74 ; 158 Cargo handled at ports ; 555 Million Tons ; 855 Million Tons Average turn around time for ships to load/unload at Indian ports ; 94 hours; 48 hours National Highways length ; 91,000 km ; 145,000 km Rural roads; 381,000 km ; 755,000 km Cities with Metro trains (subway) ; 5 ; 21 cities Length of Metro train network ; 248 km ; 919 km Railways electrification (electric trains instead of diesel) ; 37% (22,000 km) ; 99% (66,000 km) Free pucca rural houses for the poor ; 0 ; 27 Million houses Heavily subsidized pucca houses for urban poor ; 840,000 ; 6 Million houses And these houses are only given to women or couples.
The infrastructure build up in India is staggering. Number of seats for MBBS and PG degrees for doctors has more than doubled.
I could go on and on. Point is, every facet of life of every Indian, from a lowly manual scavenger to an upper middle class man, has transformed and is transforming due to the current economic boom in India. Try to read up more before forming opinions.
Bro , I'm Nigerian living in India for past 18 years and nairalander for past 16 years .
For Nigerians to claim Nigeria is better than India shows, how deluded people are living in these part of the world .
All the idiotic you tubers goes to slums in old Delhi and show, this is real India . For uneducated persons, its like showing Makoko in Lagos and claiming this is Nigeria .
The youth of SE states want to develop India by force .
All these stupid reasons of high costs or no publicity does not cut cake anymore .
Is flight tickets to India cheap or with the publicity India had until now , does it stop our youth from going to develop India ,has any thing stopped .
All these nonsense articles are sprouted by jealous people from India ,who hate us .