Grandstar's Posts
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IJAYA001:Let's see if they can achieve anything. Tinubu will try his hardest to frustrate them. Worse, a divided opposition gave him victory in 2023. It may do the same in 2027. |
LagosOrigin:When Buhari took office, 26% of government spending was going towards debt servicing. By the time Tinubu took over, 97% of government revenue was going towards debt servicing. Buhari had finished the economy. To understand it better, imagine you're earning 1m a month and after servicing your debt, you're left with 30k? Aside that, the CBN had been heavily subsiding the dollar so that things could be cheap. The end result was that there was no money in the foreign reserves. The net foreign reserves had $4bn. The net foreign reserves refers to the fx the central bank has access to, and not the gross figure which is misleading. That $4bn can not even cover 1 month worth of imports. The minimum should be 4 months for any country. The nation was in a mess. Tinubu's economic policies are restoring things. Today, less than 50% of government spending is going towards debt servicing. The net foreign reserves have now hit $40bn, enough to cover 8 months worth of imports. The fx scarcity is over. I can now buy things online again with my Nairacard. It will take time for things to recover. Blame Buhari for destroying the economy. Tinubu is just fixing it. Both Okonjo-Iweala and Charles Soludo have both praised the reforms. |
Niccoloimhotep:Everyone tribe steals. Please grow up. Very petty and puerile nonsense. |
FavouriteOfGod:Are you a stranger in JERUSALEM? Under Ambode, there was a like a repeal to encourage bike hailing. It is rumored Ambode or his wife had links to the bike hailing apps. However, once Ambode was gone, and the Okada riders started misbehaving-the killing of a passenger in Lekki Phase 1-was the final straw, a very tough stance was re-introduced. This was in 2020. Ambode left office in 2019. |
PerfectStranger:It is simply an enforcement. The ban in Lagos has been generally effective. |
Lagos isn't stifling development. It is encouraging it. The problem is that Nigeria isn't growing fast enough. Growth from Lagos has spilt over into Ogun state. Many factories are setting up in Ogun state because land in Lagos has become too expensive. Agbara, Otta and Lagos Ibadan expressway are axis are benefiting big time from it. From the way industries are springing up along Lagos- Ibadan expressway, it will soon enter Oyo state. Nigeria needs to grow faster for Lagos and all states to really benefit. |
My cousin was gifted some money by her husband when they wedded. She now added to it and bought herself an iPhone 14. This was in 2023. About a month back, I sent her 15k when she told me she was quite broke. Her marriage has broken down. Please, are you spending your money wisely? |
The worst I know is "Sober Reflection." |
iwaeda:My friend who lives in the Band A suburb of Mende, Maryland in Lagos enjoys close to 24 hour power supply. I have experienced it. Many who stay in Band A neighborhoods have made similar comments. |
The death of Qatari security officials is inexcusable. Qatar too shouldn't be giving sanctuary to these people. |
MrIcredible:They state the problem is visa overstays, and you're here claiming its about preservation of their women. |
obonujoker:Those disclaiming Gbadebo are simply propelled by politics. No different from those who claim Macron and Michelle Obama were born male. Even those making such remarks know it's outrageous. |
zoedew:I have feel no pity for her. |
IgOga:You shouldn't go about making SA allegations without sufficient evidence. She's not a child. This isn't her first time msking them |
Dpharisee:I think the 40 character rule may have more to do with it. |
Their yanga must have been too much for her. I see it as tough love and in years to come, all will appreciate it. |
He is just wasting his time. Tinubu is obsessed with winning the next elections. That's where I'll start an end |
anonimi:The team stable does not mean thriving economy. It simply means it has stopped getting worse, and it is at a point where economic growth can start to .materialise. Buhari ran the economy aground. In 2015 wh3n Buhari took off8ce, 26% of government revenue went on debt servicing. By 2023, it was 97%. Buhari had finished the economy. Tinubu's economic reforms are changing things around. Today, less than 50% of government revenue goes on debt servicing. In 2023, there was only $4bn in net foreign reserves. Net foreign reserves refers to fx that the central bank actually has access to, and not the gross figure which is misleading. This wasn't even enough to cover 1 months worth of imports. The minimum a country is to have is 4 months. Aside that, the CBN was owing purchasers of fx $7bn. It was this severe fx scarcity that chased GSK, Shoprite and a few multinationals out of the country. The floating of the Naira has changed things. The net foreign reserves are now $40bn, enough to cover 8 months of imports. So, the economy is on the road to recovery. It is stabilising. It has even stabilised. Expecting prosperity so soon is extremely unrealistic. It took Thailand 5 years to reach its pre-recession peaK GDP after the 1997 economic crash, for Indonesia, 6 years. |
I don't understand what this means. The figures seem to high. I doubt figures in Niger Republ8c or Burundi are even these bad. |
Bullet trains are too expensive for the country to run. The country isn't ready for it. The country would need about $5bn to maintain the debt and run the runway yearly for about decades. At least half that figure would be for debt servicing |
Exousiang01:No state governor can end poverty! Mass poverty is fought at a national level, or else if a state should effectively fight poverty, people from poorer state will throng it, and it will become poor. That's why centres of wealth such as Lagos, Abuja or Port Harcourt have massive populations. The effective way poverty has always been fought is rapid economic growth sustained over the long term. China for instance grew by 8% per year over 40 years. This is compared to less than 2% yearly average during Buhari's 8 years. From 1999-2013, economic griowth averaged 6%. If you noticed, there was no JAPA syndrome like we have today. It was not that there was no japa, but it was not the explosion we have today. Economic growth should hit 6% in 2028. Tinubu is targeting 10% yearly. To achieve this, I feel the economy would need to slash company taxes to nothing more than 15% to encourage massive foreign investment would drive economic growth over the top. |
marlow1962:You can now see why it is wrong to keep a sidechick? |
LordIsaac:A man and woman become one flesh on the day they get married. So, saying "his resources" makes no sense. Go and tell any woman or future inlaw that you're free to spend your resources anyway you want when you're married, and you stand on it, and let's see how many women or their parents would agree to the wedding going along. Nowadays, a lot of women are the breadwinners. I don't just under "his resources" argument. |
yemmit90:When the children grow up and ignore their dad, he starts calling them unappreciative. You reap what you sow. |
viyon02:My dad did so openly. He no hide am. He did it to my mom's face. |
viyon02:Whatever she has done does not warrant this. God hates adultery, and maltreatment the wife of your youth. Even his own kids are suffering. Tomorrow when he is old and his kids give all the attention to their mother because of how she was treated, and they neglect him, he will begin to whine. I witnessed my dad cheat openly and the pain it caused my sweet mother. She was a saint. Most of her inlaws spoke glowingly of her. |
Namaster:I watched how my dad's life was ruined by his reckless womanising. God hates adultery, and warns transgressors would not escape punishment (Read Hebrews 13:4) |
He might deal with you for posting this here. When this man is old and the children don't take care of him, he will be calling them ungrateful. It's wrong to cheat but even when you do, do so with some sense, and not dense. Whatever we sow, we shall one day reap. |
Samantha125:Grok translation: The translation to English is: "I've started, but there's no issue. The advisor has failed, we hear you." |
ddippset:What would that achieve? The Governor's aren't the ones frustrating the government. An SOE won't resolve anything! |
This is good news. This is what Russia should excel in and not oligarchs and the war in Ukraine. |
She needs help. Drug rehabilitation will be a start. |
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