Faceonme1443:
Jonathan met 65 billion dollars in the foreign reserve and wasted over 35billion dollars out of it. Bihari Meet meagre 28 billion dollars. Buhari added around 5 billion dollars leaving 33 billion dollars in the reserve. Anytime You guys want to glorify Jonathan Administration, always remember that he wasted 35 billion dollars in less than 6 years. Jonathan Administration did not add one dollar to the foreign reserve.

And yet naira was stable economy grew by 50% ... Who taught you economics

We are talking about economic growth you re talking reserve are you ok at all?

APC fundamentally don't know anything about economic development... Corruption apart

Sentiment aside let's look at this

You budget $1.2 billion of borrowed money to rail way that can't break even or pay back it's loan

Budget 250 billion for Lagos Ibadan

Spend over 300 billion on niger bridge

Abuja Kaduna rail that cost 20 times what it makes was done for $1 billion

But you allocate 75 billion ($75 millionsl)for SMEs
50 billion for nano business ( we know corruption would eat 50% ) ($50m)

They you all act surprise GDP is dropping?


For a $300 billion dollar economy are this people joking or what

APC doesn't understand the basic principles of economic development for a developing economy they don't

They just want to build feel good project , commission it n brag about it... Worse still they allocate such projects based on tribal and religious sentiments

Tywo2018:
Nigeria economy will grow some day

Keep providing 75 billion to SMEs and 1 trillion for road construction and expect growing of the economy

Iamanoited:
AIR FLIGHT TO LONDON AND BACK SHOULD NOT BE MORE THAN N350'000. THAT'S N175'000 EITHER WAY.

Congratulations you have seen a business opportunity

Now start your own airline or shut up

StOla:
You are so happy with this news.

You are now motivated to rush out this news like when it was heading towards N2000 in February, but lacked motivation to rush out the news when it was appreciating downwards to N1000?

No body is happy, but it's like we told you so

Cardi b was using reserve, holders taught he was doing something nice till the report came out

Note dollar holders are the most educated n exposed Nigerians

Biodun556:
God bless Tinubu

God bless Nigeria

Lol tell Tinubu to allow all the ports to be equal

Certain goods should not be limited to certain ports... That's the Koko

seunjungle1:
Was there a time our reserve account had up to $350 billion to $565 bilion Mr man?
Even the countries that have the highest savings in their reserves never up to that amount you cooked for Jonathan.

Giving wrong figures everywhere to justify their false claims...Obi people.

All this APC people sha... Where did u mention reserve?

So you don't know difference between GDP and reserve? And you are allowed to elect leaders?

Na why u dey support APC sha

Dikegodspower:
As you leave PDP I'm waiting to see where you will go next, although his foot solders had long joined Apc since last year

He had an agreement with Hope
Let's see if Hope would keep to the agreement but I doubt it

Hope sha na businessman he won't trust anyone Godson rubbish

If reno never block u.. U never start na

jahsharon:


I am a Muslim, we will never vote for YES DADDY who has started a religious war in his stomach,

Yes ooh but the day an Igbo nurse or doctor treats you...would be your end

madridguy:
Since the whole towns and villages have primary, secondary schools, what about Technical colleges or vocational training centers? Abi those one too dey every town?

Igbos have the biggest apprenticeship system in the world, on planet earth

What exactly are you talking about even?

OnionBandit:
Asiri ti tu

Person wey say him value education pass infrastructure no build even one classroom, even though the state lacked good government schools. He rather invested state fund on alcohol

Lol Anambra is not like your state there is no need to build school.. We finished building schools in the 1980s

Vinnie2000:

A Governor does NOT go about Building Public Schools Indiscriminately.

In my State, Governors Ibori or Uduaghan or Okowa NEVER built any Public schools.

Uduaghan only Renovated All the Public schools to a Modern standards,
While Ibori was Famous for Improving the Standard of Govt school Teachers.

I Don't know How Reno Omokri and FOOLS that Support him brag that PETER OBI he did not build School.

U are a South South man u won't understand... Do you know there are villages in South West and North without school?

There are some LGA without sec schools

Something South East and South South achieved in the 1980s

It's strange for a governor to say he wants to establish a new school? How, where? Why?

Peppysco:


Mr. Vitalis, I do not have time for your watery type of engagement. Have a good day.

Oga define floatation of currency let's compare to what cardi b did and you are running

Peppysco:


Really You mean you don't understand what it means to float an idea, plan, policy or strategy, don't do this ti yourself dude.

Define floating please then let's compare it to what cardi b did abeg I want to check something

Peppysco:


You're not even half smart in any way. The CBN floats a policy to curb speculators and saboteurs like you, the result which is evident for the world to see as you guys are shedding tears everywhere and you claim it to be something wrong, you're not well, my brother.

You said who floated naira?

Lmaooo define floating

Peppysco:


Come to think of it, if what you claimed in your comment is what the government is doing, is it not done in good faith, to strengthen the Naira? Yet, economic saboteurs and enemies of the state like you are frustrating the efforts for your selfish personal gains. Yet, you are always the one to scream to high heavens how bad the country is bla bla bla. Don't worry, continue to hold your Dollars, when the time reach to cry, handkerchief nor go reach to mop your tears again, na mopping stick you go need by that time.

Does it matter if it's good faith or not?

Doing something wrong in the best of faith won't get you any good result


You APC guys are 0% knowledge 100% wishful thinking and emotional blackmail

garfield1:


Oga,50k is a big boost to petty traders,hawkers,roadside traders.majority of businesspeople are those nano and smes not the big shots sir.not everyone starts big.nano businesses employ more Nigerians than those big businesses

Yes ooh that's APC thinking

Give 50k to 1 million people to keep them poor instead to give 1 billion to 50 business that would create 1000 high paying jobs , that can pay back the 1 billion loan so you can repeat the scheme over and over again

Lol petty traders... APC u guys know nothing about economics at all

ogododo:
FMDQ data indicated that the Naira depreciated to N1,234.49 per US dollar on Monday compared to N1,169.99 on Friday.

Similarly, the parallel forex market tumbled to N1200 per Dollar on Monday from N1,100 on Friday.


The development comes after the Naira depreciated three times last week after months of gains.

Recall that the Economic and Financial Crime Commission resumed clamping down on cryptocurrency platforms in Nigeria amid the recent rise of the Dollar in the FX market.

Although analysts blamed the depletion of Nigeria’s foreign reserves for the Naira depreciation, the Central Bank of Nigeria, Governor Olayemi Cardoso, said it is due to foreign loan repayment.


As of April 15, the country’s FX reserves dropped to $32.29 billion.




https://dailypost.ng/2024/04/22/again-naira-depreciates-by-n64-against-dollar-at-forex-market/

We have more reserve na

They just got another $2.1 billion loan

Them go defend tire

garfield1:


Lol,that was a rarity.less than 5 industries or sectors compared to the quarterly interventions that the APC government has done.over 10 mil Nigerians have benefited from the masses oriented APC facilities compared to the elitist and selective pdp stuffs.all sectors of Nigeria have benefited from the APC govt

10 million people benefited from 5000 ?

Bros abeg this argument is reducing my IQ

You give people 50k , 5k is what you are comparing to majority credit facility given to industry that would create millions of jobs pay back it's loan

If we get $150 billion GDP after tinubu president then we did a fantastic job

plumcomm:
emefiele floated the naira too?,he moved to stop multiple exchange rate too? Or this administration has given more licenses to ghost BDC’s…make dem open some of una skulls make we see wetin Dey inside self.

Lamo who floated the naira? Lmao APC boys sha

Yes there was move to stop multiple exchange rate, BDC arrest n ko

Yes there is nothing cardi b is doing now mefie didn't do

garfield1:


Oga,the yacht has nothing to do with Tinubu but purely a naval affair.tinubu is doing the right things that obi can't help but admire.no govt in Nigeria history has intervened to help the private sector like this sir.the only thing obi did was to attract breweries he has shares in.fidelity bank had a turnaround for good after obi departed

Are u joking?

Are you for really?

Where in the grave when PDP government gave banks $3 billion plus intervention funds?

Where you in the grave when Nollywood got 500 billion?

Special loan for Nigerian oil industry?

You call $75 million funds SMEs intervention? Lmao APC people and poor mind

garfield1:


Lol,I've been into businesses but maybe not like you but still tinubu is a better leader than your obi...
It is good you agreed that good roads influences cost meaning having good roads is a good thing.it is part of aides to trade.when a govt provides a good platform for businesses to thrive like tinubu is doing,the economy will prosper even if govt doesn't intervene financially.

How do you guys think.. Roads are important but there are things government can do that have more impact yhan roads

How u guys can't get this is beyond me

garfield1:


Oga,does it not occur to you that if there are good roads from the ports to destination points,goods will be cheaper? Does it not occur to you that if trains are ferrying goods from apapa to Onitsha,prices will go down? How many times did importers complain of the gridlock and bad roads around apapa and surroundings,Benin ore road? Have you forgotten that goods in Lagos are cheaper and when it gets to ss,it becomes costlier because of transport cost and are you not aware that if the roads are smooth,transporters will reduce their fares? Can't you fathom that food roads in the north is a principal reason why goods are cheaper there?
Tinubu himself is a real businessman not a Chinese infatuated trader like your principal.are you aware dapo abiodun and badaru abubakar are top businessmen and notable members of the chamber of commerce? A lot of the politicians you see are top businessmen before venturing into politics.tinubu has been friends with men like elumelu,bua cement,indomie,dantata for ages.tinubu was mentored by Abiola who was Nigeria richest at that time.pandora no reach

Obviously you haven't done business before... Transportation cost is less than 5% the cost of a product


Like I said u never do business before

garfield1:


Oga road is a basic infrastructure.how will goods be easily transported if there are no good roads? You mean you are not aware that transport cost affects prices of goods? How will people move about easily in bad roads? Are you aware that rail facilitates quicker movement of goods(heavier goods that vehicles can carry)? Have you realized that countries with stable economies and decent GDP have a good transport system including rail?
We can agree that buhari somewhat mismanaged the economy but tinubu is remedying the situation

How are the imported goods getting to the buyers

Have any businessman told you road is his top 10 problem?

How can you know the issue of businessman when there is no businessman in his cabinet

garfield1:


Oga,human development and Infrastructure go hand in hand.theres no rule that says one can't be more than the other.the govt right from 1960 has been dolling out money to businesses,to what end? All the govt needs to do is to create an enabling environment for businesses to thrive by providing security, infrastructure,enacting friendly policies,discouraging importationetc.these financial interventions are done on ad hoc basis and are to be repaid sir.

To what end? That's what grew your GDP to $565 billion

You stopped for 8 years it falls to $252 billion

Infrastructure that's needed are basic essential infrastructure, health, education, the rest should be built when it's needed not when it's wanted

And most importantly when the people can afford them

Train need people to break even and get well maintained, trains need ticket of $5 to 10 dollars to achieve at... Building a train when your GDP per capita is foolishness

garfield1:


This is a careless talk just the way obi talks.are you aware that the Lagos Cali road is PPP and will mainly be funded by HITECH? The fg counterpart funding will be spread within our budget for 8 years while the 200 bil naira grant is cash readily available?
Obi that knows so much,what did he achieve in anambra

Lol u want to shift goal post abi

Your money for infrastructure can't be more than your credit facilities for your business community and u want growth

Anambra state is one of the few states in nigeria that's a shining light in every good index of human development

garfield1:


Oga,as of then you had up to three judges in the apex court unlike other zones that had one or two or none yet you guys wailed heavily.check the thread

I dare you to publish the list of Justices of the apex court them

RenaissanceGuy:
How does 22 being average come close to 13-15 you earlier said?? The ones who finish at the ranges you quoted are probably 3 in 10,000,000.

Yes but those 3 are reason you don't but a minimum age

They are once in a generation brains, they are world changers

Newton was done with all his invention by 25

How you guys don't get it so crazy

People finish sec school at 13 , 14 so what should they do

And you complain about brain drain