₦airaland Forum

fasterwell:
.
Under the same NOI Nigeria debt profile was $63 billion.

So why the noise?

did you know she m anage to write off 30b?

CSTR1005:
Imagine.

And the sad thing is that the vast majority of Nigerians are too stupid and get befuddled by these apc propaganda machine.

The sad reality is them ones are the ones suffering, me I don port long time.MayB the word ZoneB is real afterall

CSTR1005:
The reserve you claim you have today was created by that puff puff woman.

Cancelling your debts of over 30 billion dollars through high level diplomacy and World Bank connections is enough for you to worship her for the rest of your days.

They wont see this, They forgot this woman went to school with some of these finincial world leaders. so they are her friends hence she was able to strike them deals.

ORIENTATION101:
so how much did aunty puff puff saved from 51 trillions naira nigeria made from crude oil proceed under her watch

How old are you again?
where you not born when GEJ complained the money used in suring up subsidy was to high and that a way to cut down was to increase pump price and waht did Tinibu and co do? sit on the roads and protest, he said right we continue,
Also where you dead when few governors from the SW and one lizard in the 9jadelta took the Fg of GEJ to court to share the saved money?you lot amaze me beyound disbelief,I know no FG is of clean hands but youths confusing themselves in this fasion I give up, you are here asking why she did not save save what shared monies?
If I may ask, what did your own State Governor do with his share of the m oney in ur state? have you bothered to ask that question?

CSTR1005:
Let kemi save her own.

Nigeria's foreign reserves was practically created by NOI in the obj administration from practically nothing.
The sovereign wealth fund was also her idea.

We have seen NOI save and multiply Nigeria's wealth .

Let us see kemi save. Instead the reserves are falling and debts are rising.

Save how, from where ECA? or from not paying subsidy? which we now know they lied eve though they increased pump price?

babaolofin:
Obasanjo was not a Finance Minister but had initiatives & connections with leaders all over the world that changed situations.

The IBOs are the majority of ignorant & lazy youths fighting psychological warfare online. Ngozi Okonjo - Iweala is a failure who is supposed to be tried with her accomplices if Nigeria were to be China. In her book, she was defending herself. Peter Obi also tried to defend her by saying opposition & governors made her to share the money they looted.

What saved them is Emefiele at CBN. Buhari is only being magnanimous by giving him chance to complete his tenure. President Buhari has given the reason why he gave him a benefit of doubt. The actual reminant out of the $50 billion inherited from Obj as at May 29, 2007 was around $26 billion as May 29, 2015. As at today, the reserve is over $44 billion.

Okonjo - Iweala that was brought to testify against Obj during Yaradua govt when Ndi Elumelu led committee on power was probing Obj. Mrs Amina statement was misrepresented & misinterpreted. IPOBS are propaganda expert.

GEJ & Okonjo - Iweala left Nigeria highly indebted as at May 29, 2015 despite making the HIGHEST REVENUE in the history of Africa till date saving no KOBO, spent everything, borrowed & depleted inherited reserve by over $20 billion. The god of Nigeria will never forgive them. They borrowed to pay salary before they handover to PMB

Obj inherited $5.5 billion from Military as at May 29, 1999 & left over $50 billion as at May 29, 2007. CBN & DMO should tell us the total debt as at May 29, 2015

1st off, Im not Igbo but I think you are living in denial if you cant see they are the movers of Nigeria when it comes to our industrialization, tell me today if you have not bought or consumed something made or sold by an igbo Man?
2nd, I will not subscribe to your wack knowledge of Iweala biography, reason being, you are too minute in the Economic sector to criticise her in this fasion,I say this cos as we speak world economic houses still recognise her as one of Nigeria's finest export, as we speak she is still working under world Economic and financial Bodies.Now name one Nigerian with such pedegree?
Criticism is good but when you are trying to sugercoat shyte you lose credibility in ur argument!

ORIENTATION101:
i guess you didnt read the article
.
she did so under obj but could replicate the same performance under Gej this means she cant take the glory except obasanjo

I never knew Obasanjo was a finance minister . Good to know thanks for the info

kingkakaone:
Where's that young man backing the failure of a governor the other day?

I thought he said Okowa built drainage systems in every local government and that he's mr project?

I said it before and will say it again that Okowa is a failure. He has destroyed the state further and to think that he is a successor to a governor from his own party is making me more angry.

How could they lead the state for 19yrs now and still doesn't have continuity of progress?

If I hear any hypocrite talk anyhow here ehn, na me and Una today.

So the USA too do not have drainage ? ?

KingRagnar:
I totally agree, the ERGP was launched by PMB which charts a course for the next four years 2017 - 2020 with a vision of restoring the economic growth, investing in Nigerians and building a globally competitive economy, by focusing on achieving agricultural and food security, ensuring energy efficiency, improving transportation infrastructure and driving industrialization primarily through SMEs and so far, it has recorded great success. we now grow what we eat, undergraduates and business owners now have something to hold on to; N- Power and the MSME that has provided loans to small and medium scale business owners.

Evry FG comes with the fancy plans on paper and we dnt see Jack shyte
Can I ask you the last time you ate our local rice??

Sall:
So Forbes has been polarized by Nigeria they now take bribe too.. guy kiss the truth, Jonathan remain the worst leader this country ever had.

Where did you see Forbes ? Another lazy yuuuut

luveth:



Funny thing is that most of the folks that are against the post refuse to bring facts to counter it. I just keep seeing insults. I, however believe that the media has been Mis-informing people a-lot. So its quite hard to know our current state. A whole lot of selective journalism going on. I am certain though, that after Buhari leaves office, Nigerians will do what they do best and talk about how good he was. Same way they did with Yar-Ardua, Jona.....

1st counter is that this is not FORBES, headline is misleading, 2nd it was doctored news, the real link is pasted three or four post above.
here is o ne of them
https://punchng.com/nigerias-gdp-growth-rate-shrinks-from-2-11-to-1-95-in-q1-nbs/

mbos:
FAKE NEWSSSSSSSSSSSSSSSS


FALSE FABRICATED WEBSITE

CHECK THE WEBSITE BELOW , THE ONLY AFRICAN FORBES SITE

https://www.forbesafrica.com/economy/2018/04/09/making-nigeria/

APC AND LIES

Buterflyle0 U been bursted again, Upper cut this time

itu404:
These are the kind of enlightenment all want to read here not the abusive and hate spewing lots. thanks a million!

did u take any time to verify the figures if the stick up there? You just swallowed it line hook n sinker lazzzzzy yut, go and do your research very well and you will find out all these figures are against what our own federal ministry of STATS say.

Amberon:
Anyone who isn't married is single.

wrong, you aint single if spoken for.

Shelumiel:
It's a psychological thing; it cannot be helped. The truth here is we all like a second option(even you who is reading this post) in any situation. And since the level of infidelity in Nigeria is mind blowing , it makes sense as a person to test other options and not putting your eggs in one basket.

You are correct, but the question was, is it OK?
ANSWER NO, but if you are on the 1st lane kontinu

crafteck:
So ur point is for her to keep her options open with assistant boyfriends right?

Thats the idealogy of some girls.Keep it opne

asawanathegreat:
There is nothing wrong with it.

everything is wrong with it,U r meant to stick to one man, you conversation should end at the gisting mode, why xchange phone number ?
if for biz fine, work coleague who will call at respective time and for quick catch up with work or biz fine, but for other talks, keep it face to face.If a girl does that dating they will do same married

enuk80:
Hello everyone,

I just want to know....why some girls who have serious boyfriends give their number out to another guy who they just met?

She knows she has a boy who is everything to her yet she gives her number out to total stranger who just talk to her on meeting her.

Is this really proper for a girl to give her number out when she knows she has a boyfriend?

Why can't she say no or sorry I have a boyfriend?

****after giving her number out to guys, they start asking her out and this create problems in her relationship.

NO IT IS NOT
but I know some 9ja girls wont agree, they are single till married by nature.

jaxxy:
Sounds ridiculous

Absolute gabage.

[q[s]uote author=Freetech post=71104367]Hurray good news to the patriots. Here is the global rating of Nigeria economy so far so good in 2018.

A standing ovation for the wonderful team of PMB.

Forbes rates Nigeria as 2018 best economy in Africa -

https://www.forbesafrica.com/economy/2018/04/09/making-nigeria/

https://www.von.gov.ng/forbes-rates-nigeria-as-2018-best-economy-in-africa/

Do you agree, please present your argument with facts and figures.

Before you begin to write consider the following points.

Technically this government have liquidated all the loans she took so far. Wait before you cry foul. Nigeria total debt @ December 2014 was $67bill this converted to Naira @ N179/$ is N12Trn. However this same amount converted at current exchange rate @ N310/$ is N20Trn. Now add the 5 months salary borrowed to pay civil servants, N200bill subsidy debt and N1trn owe local contractors.

Considering the fact that current debt profile stood at N22Trn @ N310/$ is just $70bill. This is the fact the opposition doesn't want you to know and the reason they only quote Nigeria debt in Naira to deceive lazy Nigeria who cannot think on their own.

While one will forgive not so intelligent Dino, it's highly pathetic that Peter Obi also follow up on this lie.

Below you will also find Nigeria foreign reserve journey to date

Finally, talking about resources available. Comparing the first 3 years of Gej and PMB, Gej made $393bill while PMB made just $96bill. According to the link below Gej depleted foreign reserve to $29bill and PMB grew it to $45bill. You know what they both did with the resources.

Are you still not convinced, take a trip to Venezuela, or Agentina where interest rate is 60%, Greece, Zimbabwe and I'm sure how mismanaged economy look like

December 2014
https://www.vanguardngr.com/2015/07/n12trn- debt-profile-worsens-nigerias-woes/

https://nairametrics.com/nigerias-historical-external-reserves/

Example of mismanaged economy

https://https-www-bbc-com.0.i.org/news/business-45360223?iorg_service_id_internal=624173547714020%3BAfqezR6Gu4uGVZk0[/s][/quote]Fishy website

madridguy:
Interesting thread.

Oga no Join this argument ohhh, the link is flawed and not credible even you will agree this post is mischivious.

Buterflyle0:
I deliberately ignored you because you are clearly showing zero mental capacity in your responses. You rather wish to keep monotonously repeat fake fake fake with nothing extra added to it.

Thank you for your time

Why wont you say that, when you are amongs one of the few Idioots on nairaland, 1st it was sarki at least he sticks to his likes, you on the other hand, just register a new name and come up with trash not fit to teach in a pry school.Nice job we still got some ZoneB pills left somewhere.

Modarun:
“In spite of difficult times, Nigeria has been rated as the top 10 most improved economies in 2016/2017.
“Nigeria is a very resilient country in terms of economy,” states Mr. Venkatapathy Venkataraman Group MD at NIPCO”

Please guys dnt allow all these idiats decieve you take your time to read and understand the article. Its only a quote not a fact from an M.D of NIPCO, and simply means the Nigerian economy was not performing well but not amongst the worst. Can you all read what was written? this bunch of liars think we are as ignorant as they are. What this article simply means is that though our economy has not out performed the best in even West Africa, it only not the worst. Now here is the true break down of the facts.
There is a big difference between being a big economy (Nigeria, Angola, South Africa) and having the fastest/performing Economy. According to real facts from the latest World Bank Report (mind you not from an M.D of a mere coy) The Nigerian economy is not even amongst the top 10 fastest or best performing economies in Africa. Niger, Rwanda, Benin, Burkina faso, Seirra leone, Tunisia, Senegal, Cote d ivoire, Ethiopia and Ghana are the fastest best performing economies if Africa. they have maintained a growth rate of 3-3.5% yearly.

https://businesstech.co.za/news/finance/238733/5-of-the-fastest-growing-economies-in-africa/

http://www.itnewsafrica.com/2018/05/top-10-fastest-growing-economies-in-africa-2018/

Secondly, The BMO crew wants to play a fast one with empty words, cos Even the National Bureau on Statistics (A Nigerian Govt Agency) has in the last 6months reported that the Nigerian economy has been shrinking. In its Q1 report of 2018, the NBS reported that the economy shrank from 2.1% recorded in Q4 of 2017 to 1.95% in Q1 of 2018,

https://punchng.com/nigerias-gdp-growth-rate-shrinks-from-2-11-to-1-95-in-q1-nbs/

And by the agencys latest report the Nigerian Economy shrank from 1.95% recorded in the Q1 of 2018 To an all time low of 1.5% in the Q2 of 2018.

http://dailypost.ng/2018/08/27/nigerias-gdp-declines-1-95-1-5-q2-nbs/

Now these are clear available facts anyone can search out and read. The Nigerian economy has not experienced any growth in the last 9months but instead has shrank from 2.1% recorded in 2017 to an all time low of 1.5%.
These some of the the reasons most international banking and Financial media orgs like the Economist and HSBC has kicked against the Govt. Check out the links below.
https://www.nairaland.com/4728296/2019-what-second-term-buhari

cc Buterflyle0
U been bursted again!

Buterflyle0:
Dummy how do you measure without projection. How can their be a projection without the right infrastructure put on ground for such projection to be achieved?

The article talks about diversification and infrastructural focus and you are busy talking about people as the ignorant one you are.

Where and when did I say this government was no longer investing in oil? Are you this obtuse?

I said the government is and has shifted a lot of their focus away from oil and gas to other sectors. Read to understand.

Infrastructural input is not like cooking rice. Some take years to achieve and until they are finished, we can only project the impact they would have on the people.

That is why people INVEST. Many INVEST PENDING the actualization after due consultation with those involved regarding time frame for completion.

Some of these investments are infrastructural constructions of their own which are timed to also finish around the same time the core government infrastructure would also finish.

Ogbeni you know next to nothing

Oga have you not realize quoting that forbesafrica page makes ur argument irrelivant?there is nothing credible in that website,When we where quoted largest Economy in Africa it was by the Real Forbes not this forbes Africa.Besides, U still did not give ur answer to my question!

Buckubuck:
Your above statement just highlighted ur ignorance. I'll advise you to go back to secondary school literature and check the definition of economics. FYI history of economics proves that any definition of economics without the mention of human needs and resources available to satisfy them is incomplete. I'll advise you to stick with politics and stop advertising your ignorance for the world to see

Thank you.hiw can you say the economic definition of a group of persons does not involve the persons concerned . Even me who studied Engineering in school knows this.

Buterflyle0:
90% of our investment USED to be oil and gas. We are moving away from that now to other sectors.

You are missing my point clearly.

Yes the producers are people but that is totally different from the EFFECT on people.

To get to the point of EFFECT on people (which is what you are talking about) we need to get past the place of equilibrium where what we have is too much for us to consume Alone and other nations now rush for them and that is what investment and infrastructure will help to achieve.

We are well on our way to that.

China is the largest economy in the world when it comes to investments AND ALSO THE BEST IN THE WORLD WHEN IT COMES TO INVESTMENTS.

This was nor so before but the Chinese realised the value in their numbers and today it has yielded so much for them so much so that practically every nation in the world needs their input in their products including USA and every other super power.

Let is shortten this long listed grammes for the benefit of those who can't be bothered to read .
Summary of this message is this
Me:the largest Economy is not the best Economy
You??

veeklin:
you been scammed. forbesafrica is not owned by Forbes. the owners of Forbes Africa just stole the Forbes and added Africa so they can sound credible.

Damn I thought I was smart . I actually fell 4 this one . I thought it was like BBC Africa service for Forbes .
I just went to check thier website an affiliate . It has no connection to Forbes as we know it . So who the craap ate they?and people like the OP are already screaming hurray . Shyte they got me on this one.

veeklin:
you been scammed. forbesafrica is not owned by Forbes. the owners of Forbes Africa just stole the Forbes and added Africa so they can sound credible.

Hahahaahah

Buterflyle0:
Read what I wrote again because your comment shows you didn't understand it by miles.

I read fru ur post lime after line
You said
Nigeria being the largest Economy in Africa translates it to the best Economy in Africa that's U not forbes
I say rubish . China is the Largest Economy in the world . Is it the best Economy in the world ? ?
Now you said one above cos of ur level of understanding of the word economy .
Now if China has the Largest Economy in the whole world why is that?
Is it not obvious it's as a result of producers and consumers who are amongst the U and me in China and in India ?
U talk about destination for investors right ?
Iraq and Afghanistan are heavens too with the right investments . 90% of our investment is Oil and Gas so what's new ? ?
Look I'm not knocking PMB and his crew but all this craaaap is coming up cos of election and we know how people refuse to read .

Buterflyle0:
See how confused you are.

From the article again

Nigeria remains a highly appealing destination for investors. Mr Tunde Fowler, Chairman at FIRS elaborates, “Nigeria is an investor’s heaven with so much potential; from industry to agriculture to telecommunications. There’s so much room for expansion and the ease of doing business ensures that anyone who has a business, or who intends to start a business, will not have to face any bureaucracy, roadblocks or hindrance.

Nigeria’s government is determined to provide profound and long-term change in economic prosperity and stability; there remains little doubt that it is Nigeria’s destiny to uphold the title of largest economy in Africa for a long time yet

You mentioned that the article didnt rate us best economy in africa right?

Nigerias economy is THE LARGEST IN AFRICA does that not translate to THE BEST IN AFRICA?

This is the haven for investments. The most attractive for investments due to the large nature of the economy which is being made even larger by PMB with his economic diversification drives.

Your error is assuming that when they talk about economy it means they are talking about you and me. They are actually talking about THE BEST FOR INVESTMENTS due to its large and still diversifying economic programs embarked by this present FG

Of course ultimately all that would in turn begin to affect the common man positively as we go further along

And you are here trying to have an intelligent conversation . How can U say the Economy of a place is not the representative of its occupants which is U and me.who then are the producers and the consumers if not me and you??

Buterflyle0:
The most annoying thing is that the media would never publish this sort of news. But would be quick to publish all manner of negatives

Plz take ur time to read the forbes link not the post by Op . He is clearly one of the paid or blind supporters of dem politicians . Forbes clearly said one of the top 10 . The last FG forbes said we are number one not one of the top 10.we might as well be number 10 right now. I like to know where OP is plucking figures frm.when our debt keep rising with little and nothing to show for it.

wristbangle:
Smooth and well grounded analysis.

Now U swallowed all the big grammes without even bothering to do your own research at 1st glance .
Well I understand you clearly .