₦airaland Forum

monex:
Ghana has a higher GDP per capita (both nominal and purchasing power parity) than Nigeria

The Nigerian economy is better than Ghana economy.

Calitoscassius:
Well.. what else were you talking about? We should be talking about corruption.

This thread is not about corruption chief

kcprince:
Backup your comparison with a link because I don't think we are doing better than them. Both countries have bad economies but you said their own is worst than ours. I would need to know where you got that from. Or is it your assumption?

https://www.aljazeera.com/amp/news/2022/12/20/ghana-suspends-payment-of-most-external-debts

https://www.nytimes.com/2023/09/18/business/economy/ghana-debt-imf.html

Nigeria economy is far better than Ghana own. A country that had to suspend paying most of its external debt can't be compared to Nigeria that's able to pay its debt.

Johnrake69:
Lol… Have you asked why he opened a Newyork office?


This was what he said in 2020.

Aliko Dangote said he will open an office in New York, United States, to help diversify his investments and avoid the risk of currency fluctuations in Nigeria.

So you think that he will store his dollars in Nigeria?
Na imagination wan finish Una so with this Agbado economy.

leave all this your unnecessary Shalaye

Dangote dollars will stay in Nigeria.

Passionnn:
Prayer is not just enough.
What is required is will power and that is lacking.
Thttt art countries rhuch import fuel more than what Nigeria does yet their exchange rates are stable.
Government policy over the years of reckless borrowing and printing of currency without sufficient back up is what wrecked the currency. Subjecting the economy to the whims and caprices of politics is the major factor.

I'm talking about the Dangote and PH refinery. I hope the refineries will work before the new year.

Johnrake69:
Nigeria will still need dollars to buy from Dangote. Know that now.

The dollars belong to Dangote a Nigerian, not to foreigners. His dollars will stay in Nigeria.

Know that now.

Who go buy your phone for 400k? Dey play

gidgiddy:
I never did understand some people and their "one Nigeria" mentality. The white man brought you together, therefore you must die together? Laughable

What has your union, or unity achieved? Biggest black nation on earth? Na that one I go chop? Will it pay my children's School fees? Of what use is that title?

The unity of Nigeria has produced

1. The country with the most extreme poverty rate and poor people

2. A country in the list of top 10 most insecure and terrorised on earth

3. A country that is more divided now than before it fought a civil war that claimed millions of souls

4. A country where political fighting has become the basis of unity, rather than nation building

5. A country where things only steadily got worse since October 1960 to this day

6. A country where integration has never happened


7. A country where ethnic, religious and ideological flags are more important that the flag of the country its self.

The unity of Nigeria has been a disaster from start to finish, and like all bad unions, the option of divorce must be highly considered

Instead of you and your people to vote ibos who will ask for independent from Nigeria, you people will be voting people like Obi and Otti, then you will come to social media and start disturbing our peace with Biafra talk

Calitoscassius:
Nothing will ever change, rather it will get worst.


Even if Dangote refinery start working, that is if it will ever work the naira will never recover, it will keep crashing nothing prices of commodities never comes down in Naigeria rather it keep going up. Corruption will never let anything work in Naigeria, Naigerians are ignoring the real Naigeria problem.which is CORRUPTION! As long as corruption rules in Naigeria nothing, i mean, Nothing! Will ever change for better in Naigeria.



You can keep praying all you want. Economy, refinery and a country are not run by praying.

Johnrake69:
You think Dangote will sell his products in naira? When Nnpc won’t sell crude to modular refineries in naira?

I didn't talk about Dangote refinery alone, I wander why you guys are focusing on Dangote refinery alone.

Well, when Dangote refinery start working, we won't need to buy from foreign suppliers again.

kcprince:
Today our country have no reserve anymore becasue we used our reserve to borrow money and you are accusing Ghana of taking bailout . It seems you are oblivious to the state of our economy . Take time today to update yourself.

Nigeria economy is doing far better than Ghana economy

Unless you can bring out solid point to back up your claim Ghana economy is better than Nigeria own.

There's no way I will believe a country that can't pay her debt is doing better than Nigeria

kcprince:
I knew you will move to insults as you have nothing to say anymore. We borrow to even support our currency and you are accusing Ghana about bailout .

It's an insult to be comparing Nigeria with Ghana that had to suspend paying her external debt

kcprince:
They run to IMF we run to china , African development bank, world bank. In fact we even seek bailout to fund palliative and buy SUV’s for serving members of rep.

Do you know ghana

kcprince:
How? Give us link and statistics to justify your claim. Hope you are not referring to being the country with the highest GDP in Africa. Because that means nothing to the common man. Per capita income should be a better tool to judge an economy where people and business can thrive .

Nigeria is not running to the IMF for a bailout like Ghana

Acidosis:
After "subsidy removal"? After fuel consumption dropped by over 30%?

Do that mean we are not importing refined petroleum into Nigeria again?

Nigeria has been rated as ‘stable’ by research and risk consultancy firm, SBM Intelligence, in its latest “Africa Country Instability Risk Index”, which assesses political stability risks in 47 sub-Saharan African nations.

It stated that Nigeria was rated as ‘stable’ based on the overall macro indicator score.

The report analyses political, economic, and social factors influencing political instability, emphasising the economic consequences for investors and governments.

According to the report, major democracies like Ghana, Kenya, Nigeria, and Senegal exhibit concerns due to conflicts, economic strain, and doubts about democratic legitimacy.


“ACIRI employs various indices, including ethnic tensions, coup history, dominant ethnic groups, economic diversity, leadership longevity, and economic structure to categorize countries into ‘Red Watch, Warning, Critical, Vulnerable, Stable, and Safe’,” SBM Intelligence said in a statement.

It noted that the framework served diverse stakeholders, adding that governments could use it to recognise and mitigate political instability risks, enabling the development of early warning systems and conflict-resolution measures.

The firm remarked, “Transnational corporations can leverage ACIRI to identify high-risk countries and establish contingency plans for investment protection, facilitating collaboration with governments and other businesses.



https://punchng.com/sbm-intelligence-rates-nigeria-as-stable/?utm_source=telegram&utm_medium=social

fineboynl:
No test book economy policies cam work in Nigeria.

Nigeria problem defy all form of economic principles.

When tinubu remove subsidy i was one of those who said the economy will be destroyed within a short time and it came faster than i even thought. Subsidy is not Nigerians problem but too much corruption and insincerity by corrupt government

The Nigerian economy is not destroyed. The Nigerian economy is still better than Ghana economy.

Acidosis:
So why hasn't the Naira gained significantly against the dollars since the removal of subsidy??

When we paid subsidy in billions of U.S. $$ - Naira was @700


Subsidy was removed in 2023 and Naira fell badly to N1200


What other evidence do you need to know that nothing thrives in the midst of corrupt and stup!d leaders??

I was talking about the billions of dollars spent importing refined petroleum products last year

We are still spending billions of dollars importing oil

Yourprick:
Yeah dollar at 1200 but why do they keep buying it, aren't you scared Naira might start gaining,our highest imported item is petroleum products and the fg promised a refinery in December, what happens when we stop importing fuel and start refining won't the Naira start gaining? What's the essence of saving in dollars?or you think dollars would keep gaining for the next 4 years lol

look at the billions of dollars we spent importing refined petroleum last year 🙆

When the Dangote and PH refinery start working, it will really relieve pressure on the naira.

I really hope the refinery will work

BitterTruth01:
No but it’s not the fault of the innocent businessmen and consumers that the government has not incorporated our BDCs and forex apps into the platform . This can be done.
Those talking about arresting people or seizing funds in accounts are just ignorant

I don't think anybody is asking the government to arrest people or seizing funds in accounts, such a policy will be disastrous and make things more worst like what happened in Lebanon few months ago.

Dopenigga:
mumu man

I'm sure this is how you abuse your father at home too without any reason.

I believe you my president

Roger3D:
He is an IPOB cannibal who eats human flesh for sustenance. How can such an individual be normal?

I see... A normal human being won't be behaving the way he's behaving.

ElSudani:
He is now threading on the path to jail. When you are called to name these "Judiciary cultists" you should be prepared to name them without hesitation.

His cup will soon be filled up. he will be arrested like nnamdi kanu and heaven won't fall.

The FG should not renew the DISCOS license.

NotoriousBiggyS:
I stays in an apartment that has five 5flat , each flat occupied with 5 different tenants including myself. Before we uses direct electricity which we collectively pays monthly but recently got change to prepaid meter. With each fat with it own prepaid meter. The landlord refuse to bring another prepaid separately for the compound water Pumping Machine.
However the tenants come to dialogue and agreed to tap electricity from my own prepaid meter to the pumping machine in agreement that each tenant will be paying me 1000naira monthly. So I want to know if 5k can be enough to run pumping machine for a month?

Don't agree to this deal. It will not favour you.

Emola12:
so why you com dey talk like say you be God You know wetin go happen tomorrow? Try to get sense sir am sorry to say

I'm not talking as if am God. I won't commit blasphemy because of politics. It does not mean I will wish death on a fellow human being like myself.

Emola12:
like say you be God shmm o ga fun eee ooo

You sef no b God

Pigstormentor:
Why asking the same Idiot that loves Tinubu if he is a HAMAS Supporter.

So you dont even know the Guy is a HAMAS lover like

Freestuffng
legendhero

and the rest of your fellow agbado cartel members.

Rest with the dull rants abeg... enjoy the company you keep. ...Make more efforts in looking for IGBO news....spits

You're going insane because of people wey no send your papa online

Pigstormentor:
Why are you asking him/her?

You all are worthless entities...

he supports HAMAS...and insults IPOB..IGBOs
you keep quiet when Fulani herdsmen kill people........and talk Nonsense when its IPOB or IGBO affairs.

So he is an international Terrorist supporter..while..

You are just a Local based cunnt, asking dumb questions

Are you sure you're okay? I really doubt you're not going insane

maxkia:
You sure say you get Certificate.

Read what you wrote up there & listen to your self

Omo eru

Kindly explain what's wrong with what I write the smart one

With

Styluss:
Oponu

You're talking to your parents