₦airaland Forum

AfriqueDuZuid:
Lol 15 billion?

theenchanter:
😂😂😂

tunwumi:
Be informed that the refinery is coming on stream third quarter

vaxx:
It is Accra ........

Biglittlelois:
People are starting to realise that the main aim and objectives of transgenderism is dominance in mostly women's sports. There is a steady rise of people speaking out against those who say transgender women are women, to the extent that it is difficult to define who a woman is. Transgenderism is simply a mental disorder.

DMerciful:
PDP is corroborating LP's stand because they can see as well. Other parties that filed petitions will corroborate LP results except APC with altered results

DMerciful:
And thats why PDP said LP won Lagos with over 900k because they collated their results sheet too

DMerciful:
Same results sheets were given to all 18 political party agents so APC's own cannot be different.

DMerciful:
The petition you think is not there is that Obi claimed he won the election but not reflected in his petition. If you look at the petition,
Obi is challenging the results in 11 states including Lagos, Plateau, Rivers, Imo, Benue, Borno etc. Once the right figures is accepted by the tribunal as will be presented by Obi's team from polling units result, forensics, witnesses, Obi will get the highest number of votes esp as many of Obi's votes were swapped to Tinubu by INEC

Parachoko:
Where are you getting all this your stats from?

DMerciful:
Challenge with you is that you've not read the main points of Obi's or Atiku’s petitions. You're just following social media rhetorics by APC

gawu1:
By God's willing, May, 29 after inauguration speech of the president elect.
The new president Tinubu will then pass executive order that the judiciary should try and look into some issues Obi and Atiku rised so that correction could be made in the future election.

DMerciful:
Obi won fair and square. Ofcourse he has to put everything because those who come to equity must come with clean hands.

Where is Tinubu?

DMerciful:
The court will remove Tinubu for sure. Infacf Tinubu's response is more like a joke, so lame

ProblemChild1:
Ada palm plantation, Imo state. The Largest Palm Plantation in West Africa.

Just40:
I like this

Every country with huge lands should be able to achieve similar numbers

Obaaderemi2:
You have too much faith in this Ruto boy. The same way you felt about the drunkard at the beginning.

68816419:
Nigeria still remains the giant of Africa in Agriculture by far

Kazikazi:
Kenyan vice president
Riggy G

rvp20182:
Well diversified economy like Kenya is very resilient..don't waste time betting on it..Nigeria oil based economy is in trouble. Kenya we are about to harvest fruit of our hardwork..in education, demographics and infrastructure. We are going soon into economic takeoff akin to what'd now happening in Veitnam,Bangladesh and India.Focus on important things and you might take off like is about.Meet the pre conditions of take off.

Ofunaofu:
The police should first investigate and prosecute Tinubu for being in possession of a stolen mandate



But, where is he speaking or writing from

rvp20182:
FAAC or FUC.KC or whatever are revenues
Debt servicing to revenue in Nigeria already exceed 100%.
Now Nigeria has three options - ask CBN to borrow from Nigerians as Tbills and Tbonds.
Or ask CBN for overdraft - to print the money.
Under Buhari the printing has reached 50B dollars.

There is nothing special about Public Finances of Nigeria.

Countries that print money do exactly that - take overdraft.

rvp20182:
You're thick-headed.
The first charge on gov account is DEBT DEBT DEBT - otherwise you default
NIGERIA ALREADY SPEND 100% of its revenue servicing it's DEBT.
Technically after paying debt - it has nothing LEFT IN ITS COFFER.
IT BORROWS OVERDRAFT - now running whooping 50B dollars ( how much rice can 50B dollars grow )
2nd Charge is now Salaries and O&M
Last charge - if funds available - are development or infrastracture.

rvp20182:
You're incorrighible; not suprising from a Nigeria; As far as I recall that Anchor Borrower Program was CBN direct lending to farmer. Overdraft is taken by Nigeria Federal and state gov for emergency funding - and those are normally paying for salaries, debt, pension.

Bloody Nigerian morons - overdraft is not unique to Nigeria - even Kenya once in a while - ask for overdraft from Central Bank (which is gov banker) - like you ask for overdraft from your commercial bank. Uhuru last year took 65B KES overdraft - huge in kenya parlance - and sign of things starting to go Zoooegeria like - and we are luckly we have Ruto.

What Nigeria CBN does of course is crazy 1) 50B dollars overdraft!!! 2) Also lending directly to retail consumers - remit of commercial banks.

The job of Central Bank 1) Issue TBills - short term - 1yr domestic debt on behalf of gov 2) Issue treasury bonds on behalf of gov 3) deal with forex issues 4) offer banking services to banks (not direct customers) 5) receive gov money either locally or internationally.

When you ask for over-draft - in simply means - you're struggling to raise debt through normal channels (bills or bonds) or revenues - and have resorted to printing money.

That printing of money is responsible why every year Naira is becoming more and more worthless - remove the temporary peg - and it will drop to 800 naira to 1 dollar - and of course that inflation (money supply not commensurate with economic activities) create poverty as hardworking poor Nigeria now had to dig in - while your federal gov is creating fake money - and diluting Naira spending power.

rvp20182:
So farmers loans are emergency. You think everyone here got Nigeria type of education. Overdraft are used by your broke gov to pay salaries and such kind of expenses...it gone to beyond ridiculous with Buhari. 50B dollars...trillions of naira

rvp20182:
overdraft slowpoke is emergency funding when you gov has used all money to pay debt.You need to invest in education...greatest denominator for sucesss..not useless rice farming.Youre a country of smilling and suffering fools indeed in a zoo so dysfunctional

rvp20182:
I don't need to fact check some nonsense you post...Nigeria long passed 100 debt service ratio and is beyond broke..survive on printing naira..resulting in inflation and huge poverty. Those are stubborn facts

Kazikazi:
Confessions time