₦airaland Forum

Blazetrailer:
😆....seriously did you read what you posted again?.... and you are proud of that gibberish? You call that nonsense knowledge?


.....truly, thwre was no subsisy...but when they devalued the currency.....NNPC now needed to inport....bla bla bla !!! ...lol...


God have mercy!! Where you come from? Togo?

Od*!

Come clean. What don't you understand? Let me break it down for you.

Ignoramus!!

The richest Nigerians are STILL based in Nigeria

Blazetrailer:
😆 🤣 😂.....do you even read what you posts?

Even a primary school kid will not attempt the mumbo jumbo you typed below....is everything alright with you upstairs?

....There was no subsidy....but when naira was devalued....the dollar in NNPC.....bla..bla..bla!! Oponu!!!!

I have seen many serious dimwits on Nairaland..... this your own is on another level .....much higher... 😆

E ma gbami keh!!

Od*!

Now you have started sounding incoherent. Just accept that you lost this one

Ignoramus!!

Blazetrailer:
😆 🤣....not disappointed again.....expected

when you know you are buffoon and you dont have capacity to research, why will you not accept what Yemi Cardoso says hook line and sinker without fact checking?. There have been reports from credible sources(AP/Reuters) that Nigeria was propping up the value of the naira, even before Bismark Rewane revealed the truth recently that $8bn has been spent to defend naira...was all of that sold to BFCs?

You will only believe the rubbish thay comes from government sources if you dont have the capacity to think on your own.....mumu. Wale Edun came out last year to state the Nigeria eas not paying a dim for petrol subsidy only for him to defend a budget of N7trillion for paying NNPCL as "augmentation fees" at them national assembly. Those are your masters.

Again, you misquoted. Rveneue is completelt different from budget. Separate the two when analysing.

Anamu!!

Olod*! Screaming to high heavens won't stop it from showing.

Again, I NEVER mistook revenue for budget. I have been correct all along with my figures. My point remains that debt-servicing is responsible for the depletion of our reserves rather than Naira defence.

galserv:
Really All these stories/unncecessary research just because you are NOT aware of the concept called DEBT SERVICE

Debt service takes 60% of our revenue and is a major component of our budget. Do you think we pay it in Naira

You dull gan o

Ignoramus!

Indeed, there was NO SUBSIDY OF PETROL when FG claimed there was none. What we had was SUBSIDY OF THE DOLLAR in the NNPC. As soon the Naira was devalued in the NNPC, the true cost of petroleum products was revealed which is what we have today.
Now say thank you for that enlightenment. Ignoramus

You are too small to make do research and waste my time. I am busy online doing the needful so that Naira value favours be anyways

I would rather go with Cardoso, the CBN governor, than you, Rewane and other sore-losing dull*rdss.

Blazetrailer:
Now I know you are complete buffoon ans a lost soul... 😆 🤣

1. In your earlier post(go and read it), you claimed Nigeria used to spend 96% of its BUDGET on debt service, while in actual fact, it was N3.8 trillion, representing 22% of the N7.trillion budget. For 2025 budget, Tinubu is spending 35% of the entire budget on debt servicing

2. In 2022 Nigeria spent 96.3% of its total REVENUE(not budget) on debt servicing whereas in 2023 it was 80.7% and 68% in 2024

Now see where your buffonery started from? In your characteristic dumbness, you had mixed up the BUDGET for REVENUE. Someone who does not know the difference between revenue and budget should not be having access to cheap data.

By the way, in your warped buffonery,you think when they say CBN is defending the nairal,it is just about what they sell to the BDCs 😆 🤣 . So when Japan and Brazil intervened to defend their currencies with ove $22bn in recent time, it was ehat they sold to their black market? I said it. You are too dull to have a phone ans access to cheao data..lol

No wonder you dont know the difference between Revenue and Budget.

You are just being a bold l*natic!!!

I said 60% of our REVENUE went to DEBT SERVICING and that a significant part of our BUDGET goes to debt servicing too. Why are you trying so hard to twist my points Below is my post again:

galserv:
Really All these stories/unncecessary research just because you are NOT aware of the concept called DEBT SERVICE

Debt service takes 60% of our revenue and is a major component of our budget. Do you think we pay it in Naira

You dull gan o

Ignoramus!

I am not doing any research to answer you. No time! I know all these from following the news everyday unlike you that is doing research upon research just to appear smart.

What is defending the Naira if not making it readily available in the market at a regulated price And how do you do that if you are not selling to banks and BDCs

Yemi Cardoso keeps coming out to say that our reserves getting depleted by our foreign obligations yet muntulas like you think you know better.

Ignoramus!!!

This is kind of news pigs like to see

being:
Yes debt service is in usd and is a high percentage of revenue.. but that exactly is the problem .. after the debt servicing what we have left is not so much for imports of which we import a lot.. and thats what causes pressure on the rate... if u dont tackle the fundamentals of increasing usd inflow or reducing usd outflow, the rate will do that for you by going upwards, consequently reducing the demand

Correct!

Blazetrailer:
Lol....super daft,empty and a liar.

I thought he even had basic knowledge. According to records debt servicing is 35.4% of 2025 approved budget. Where did you get 60% from?? These are people who don't know anything or dropped out
from school but come online to fabricate lies just to get paid stipends.

Question was not even the currency they pay the foreign debts or meaning of debt servicing....but that the recent depletion of the foreing reserve was not for debt repayment nor servicing.

You can see your life outside. After being caught telling lies and assuming that the only data in world bank's wensite was for Worldbank only....here you are telling lies and twisting things too...olodo!

Now that you have learnt a few things from me...just say "Thank you sir" and disappear from the thread quietly or change your username like some have done recently because you have been marked as an unintelligent poster and a liar.

Look into the mirror....you should be seeing a blinking ass.....that is you...the true ignoramus.

35% for where Are you a dull*rd Debt service used be nearly 100% during Buhari's era. Tinubu just managed to bring it down to 60%.

The fact is that the depletion of forex reserves is not due to defending the Naira but the fact that we have obligations to meet - debt service. That is my point from the onset.

CBN sells between 25million - 55million dollars per week to BDCs. That's not enough to deplete our reserves.

Ignoramus!

NothingDoMe:
Pain rhymes with Gains! 😁

Continue deceiving yourself...

Pigs and speculators won't like this

Good news

Pigs won't see this one o

Abegi

Goodluck

Blazetrailer:
Lol!.....kai! Lord have mercy!! Nairaland!!!! What will I not see??...

The World Bank website holds all economic statistics for all nations including GDP, money supply, balance of trade, inflation rates, foreign reserves, external and domestic debts, trade volume, GDP to debt ratio, etc.

It is for all statistics. Just like Economist magazine website, CIA Country statistics, IMF website, WTO website, AfDB,EU global economy statistics, etc, hold all economic statistics irrespective of whether they traded with you or not. Those websites I have listed are considered credible globally and those are the places I get my data from since I did my graduate studies research work many years back(I dont use all those your propaganda driven sites like Nairametrics Bloomberg or any other uselesss ones)

The fact that your brain went straight to the amount of loan owed to World Bank alone as the only one on that website showed that you lack basic cognitive requirement and the exposure to engage in any intellectual discussion on economics.

Your post below is askin to stating that because Nigeria only have less than $4bn loan with AfDB, they will only record that amount($4bn) when they are reporting Nigeria's external debt portfolio...lol...or saying because we dont sell as much to EU as we do to Asia and America, when they are reporting Nigeria's total balalance of trade or total exports, they will only limit it to the volune of exoorts we do to Europe....

Furthermore, if you were intelligent enough, you should have known that Nigeria does not owe as much as $120bn to World Bank alone as at today. So how did you assume all of that were owed to WB alone?

I have serious doubt you know how to navigate these websites I have liste or have had any course to visit or use credible sources of sttistics in your life. You must be getting your economic updates from TVC station and Pilot newspaper.

One by one, we will push out those of you that never went to school and are coming to Nairaland to disgrace yourelves.

The definition of ignoramus is someone who knows not, does not know he knows not but brazenly displays that he knows nothing publicly.

You are the ignoramus here...lol

Really All these stories/unncecessary research just because you are NOT aware of the concept called DEBT SERVICE

Debt service takes 60% of our revenue and is a major component of our budget. Do you think we pay it in Naira

You dull gan o

Ignoramus!

Chai

May his soul rest in peace

Blazetrailer:
Lol.... bros, check workd bank website, Nigeria external debt stock had remained same from July 2024 to February 2025. Nothing has been paid

You may be the dullard

Are we are owing only the World Bank

Use your head!

Ignoramus!!

regenerateman:
These are stories. For the time being, you guys have using our foreign reserve to defend the naira. No wonder the foreign reserve has been depleted by more than 1 billion dollars. The economic policies put in place by this administration can never yield any positive results.

Don't be a dull@rd!!!

The foreign reserve is depleting because we have to pay our DEBTS and not as a result of defending the Naira.

Or do you think we repay our debts in Naira

Macphenson:
Naira is appreciating,
Foreign reserve is depleting massively,

Tinubu is trying

According to sensless Agbadorians

Don't be a l*natic!

The forex reserve depletion has nothing to do with Naira appreciation

It's due to debts payment

Speculators and pigs are in serious pains

Wimkeh:
This data is from CBN, not from speculator. Abeg try to be using your brain

Don't be a lazy youth! Read!!

The fall is largely due to us meeting our foreign debt obligations

Speculators are in serious pains

This is their own way of expressing it

Nonsense report!!!

Speculators, cut your losses and sell your dollars now

ok

madridguy:
HAMAS has been seriously weaken yet the Israel have to return to round table to free some of their people? You need to proof read again next time.

You seem to agree that Palestinian lives don't matter.

There are thousands of Palestinians in Isreal's custody too.

But Isreal considers them worthless and would do anything to secure the release of the few captives in Hamas' custody

Isreal doesn't want Hamas governing Gaza anymore. Hamas is ready to release all the captives and remain in power. Got it?

madridguy:
Why are you always telling lies for useless likes and share. Sinwar fought until his last breath and died a hero. He fought like a man unlike Satanyahu running around his bunker.

I know you're always pained seeing me bursting your lies. No time has Israel be able to fight any war expect UK or USA fighting for the diapers boys. There's no way you can claim
victory in Yom Kippur War in 1973 or so and be expecting the White House to fight for you in 2024/25.

Why do you Nigerian Muslims like gingering Palestinians to their certain destruction

Has Isreal not killed enough already

Of what use is Hamas or any other resistance if they cannot protect their 'wives and children'

Even the blind can see that Hamas has been seriously weakened.

Isreal just wants to finish them off

Oga na master. Who pass you pass you.

Come and join the strong/winning side

Diligence:
The cheating has been terrible. Pls take it back to N500/ litre...

Subsidy is gone!

Nwaokunkpara:
Fuel that was sold for #250 a liter and we all cursed Buhari for it


We're I am doomed for in this country of an animal farm

Are you a l*natic

Subsidy is gone!

Natasha, is it true, you've had 8 children for 8 different men

I guess Akpabio just wants a share of the pie.

Great!

Lanre1st:
Why truth is bitter. Salah and many other African players are not in 'ballon de or' because they play in AFCON. Rodri won balloon de or because he won EURO Cup even ahead of champions league winner.

It may sound emotional, but it's true

How old are you

George Weah won Ballon d'Or.

DigitB:
You morons should accept the truth.

The corrupt CAF Championship is a small competition.

What makes a competition great isn't just viewership — Afrịka has the numbers.

I'm looking out for :

Integrity
Good Organization
Zero corruption
Good remuneration.

Your father is the slowpoke