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FG Recorded ₦3.94 Trillion Trade Deficit In Q1 - Politics - Nairaland

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FG Borrows N2.94 Trillion From CBN To Service Domestic Debt In 6 Months / FG Record ₦1.87 Trillion Trade Deficit In Q2 - NBS / FG Recorded N910bn Fiscal Deficit In Three Months — CBN (2) (3) (4)

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FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by DamnnNiggarr: 8:45pm On Jun 07, 2021
FG recorded N3.94tn trade deficit in Q1

The Federal Government recorded N3.94tn trade deficit in the first quarter of 2021, the National Bureau of Statistics revealed on Sunday.

In the NBS’ report titled ‘Foreign trade statistics Q1,2021’, the value of total trade was 6.99 per cent higher in Q1 2021 compared to Q4 2020 and 14.13 per cent higher than the value recorded in Q1, 2020.

Part of the report read, “For the first quarter of 2021, Nigeria’s total merchandise trade stood at N9.76tn representing 6.99 per cent increase over the value recorded in Q4,2020 and 14.13 per cent compared to Q1,2020.

“The export component of this trade stood at N2.91tn, representing 29.79 per cent of the total trade while import was valued at N6.85tn representing 70.21 per cent.

“The higher level of imports over exports resulted in a trade deficit (in goods) of N3.94tn.

“The value of crude oil export stood at N1.93tn representing 66.38 per cent of the total export recorded in Q1, 2021, while non –crude oil export accounted for 33.62 per cent of the total export.”

According to the report, in Q1 2021, total import was valued at N6.85tn representing 70.21 per cent of the total trade.


This value rose by 15.61 per cent in Q1, 2021 compared to Q4,2020 and 54.30 per cent compared to Q1,2020.

Imports by SITC revealed that machinery & transport equipment accounted for N2.492.73bn.

https://punchng.com/fg-recorded-n3-94tn-trade-deficit-in-q1/?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter&amp

1 Like

Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by gambia(m): 5:42am On Jun 08, 2021
Buhari is doing well. Nigerians should brace up for hard times lie ahead, by the time Buhari and his deluded team members are done with Nigerians, even their gullible followers will prefer to stay in Somalia. Nonsense and Buhari with his zombies.

63 Likes 5 Shares

Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by obicoolnino: 5:42am On Jun 08, 2021
A
Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by Nobody: 5:42am On Jun 08, 2021
We will keep on recording trade deficits so long as we are an oil dependent, over importing nation.

That's why we need to change, from just relying on oil to relying on industrial growth and development.

The oil is not enough for all of us. Time we used something more valuable...our brains...regardless of the tribe. Time we set up manufacturing industries, and not businesses selling imported goods.

25 Likes 2 Shares

Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by tuna85: 5:43am On Jun 08, 2021
Ok, let's see what happens in Q2.
Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by InaNla(f): 5:44am On Jun 08, 2021
Sai barber!

7 Likes

Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by Taiwojon(m): 5:44am On Jun 08, 2021
Hmm

Too bad.

Well
I hope they improve on the Q2.

Anyway
Don't be on the losing side. Come to Jesus, he alone has the power for all things. JESUS alone is the way to the father.

JESUS love you and died for you

16 Likes 3 Shares

Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by darlenese(f): 5:44am On Jun 08, 2021
Good for them
Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by iamyemiakins(m): 5:45am On Jun 08, 2021
Issokay

Q2 will tell!
Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by gambia(m): 5:45am On Jun 08, 2021
darlenese:
Good for them

Buhari is not done with them yet.

3 Likes

Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by vincent10(m): 5:46am On Jun 08, 2021
Some figures are not accounted for. Only the real sectors were considered.

2 Likes

Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by Dozie32(m): 5:46am On Jun 08, 2021
The money recovered, where will it be channeled to?

1 Like 1 Share

Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by iamyemiakins(m): 5:46am On Jun 08, 2021
gambia:
Buhari is doing well. Nigerians should brace up for hard times lie ahead, by the time Buhari and his deluded team members are done with Nigerians, even their gullible followers will prefer to stay in Somalia. Nonsense and Buhari with his zombies.
This guy ehn!
You and this ur post sef grin

2 Likes

Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by darlenese(f): 5:47am On Jun 08, 2021
gambia:


Buhari is not done with them yet.

Exactly

2 Likes

Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by DuBLINGreenb(m): 5:48am On Jun 08, 2021
Mumu fg

I didn't get the opportunity to rant on TB Joshuas call to glory so allow me to use this opportunity and air my opinion.

As I have posited severally here before
Whether you are good or bad you will die
Dying young doesn't mean you are bad
Living long doesn't mean you are good
Dying can mean different things to different people
It is not necessarily punishment for sin or reward for success

For Christians ask yourself how old was Jesus Christ
When he died? 33 years old does it mean he was fake and god was punishing him by killing him because he was fake?
A man who raised the dead, healed the sick did he live on earth forever?
He lived only 33 years out of which he only spent the last 3 years in active service for god

People like you then would have said no this can't be Jesus why didn't he live till 90 years? Lol, god done punish am see him false prophet na Wetin make god kill am.

I have looked at the life of TB Joshua and everything the Pharisees and scribes said about Jesus is the same thing CAN and PFN said about Joshua

PFN, CAN said TB Joshua used demons to cast out demons; Jesus in Matthew 12:24 was accused of the EXACT same thing, what was jesus' reply to this?
Can belzeebub cast out belzeebub?


They said he had no mentor, but when you have Jesus as a Christian what other mentor do you need?

As a man of God instead of you to backslide or fall God will call you, he will not allow you stay longer than necessary.

As one of those who was blessed to be in the Synagogue Church of All nations during the lifetime of Prophet TB Joshua, I will say he was a blessing I saw testimonies first hand a male nurse who came from Ghana stayed in the room opposite mine, we discussed during lunch the day to service day, after he was prayed for the next day during service thing he came for he received a phone call and got positive news, he went back to the hostel packed the little things he came with and left that same day very excited, the man is now living a good life in Ghana someone who was struggling to survive feeding hand to mouth, that was just one of very many miracles and testimonies I saw for myself while in the church, not the ones on Emmanuel TV oh.

So you guys can say whatever you want, all what many have said is all speculations and hear says, you just can't bring yourself to believing someone can do what your pastor cannot do, someone can do what you cannot do.

You forget that grace has different levels, you forget that some are called to dream dreams others are called to caste out demons, others are called just to preach and more rarely some are called who poses all those gifts, people who don't have to read from paper, laptop or book to preach, people with direct contact to the most high, that's an extra ordinary gift your CAN and PFN is not used to, is not set up for.

Jesus never said miracles will not happen again, Jesus never said healing will not happen again, he said in John 14:12 GREATER THINGS THAN THESE SHALL YOU DO.
but your pastor cannot do what Jesus did talk less of GREATER THINGS THAN JESUS DID.

So that is why your pastor is discouraging you from going to TB Joshua because he knows if you go you may not come back to his church, redeemed used to tell us not to go to tb Joshua church I was a redeemed member my mum many many years ago went to give testimony during the testimony she mentioned she went to TB Joshuas church and after prayer what my dad had been looking for, for many years was just answered like that they dragged the mic out of her hand and told her not to ever mention TB Joshua in that church again. Then we didn't know how much Redeemed hated TB Joshua

years later a redeemed pastor had an incurable sickness he went to TB Joshua and was healed but kicked out of the church we were like wtf so he should have remained with the sickness when he knew his healing is here so we left Redeemed let them keep planting 2 churches on every street I used to go to camp, go-a-fishing(every year your branch has to "plant" a new branch) that's how redeem has many many churches everywhere, I went on evangelism and all that with redeemed so It was heart breaking but I learnt the hard way, those people aren't there for us but for themselves they simply wanted to use us to start more branches unlike SCOAN. where TB Joshua was for us and not himself even when his ushers were rude to people he would shout on them "Allow them", "leave them" he allowed those under him to go and start new churches entirely as in no need to send back returns or percentage to him but in redeem you send back over 60% of what the branch makes to the headquarters.


TB Joshua always said "if you have a church after your healing you can go back to that church"
He said "come to prayer line with medical report"
He said "doctor treats god heals, we are not hear to replace doctors but to compliment them"


One time he gave a man who had fell on hard times cash gift and the man went to his church and paid tithe TB Joshua said why will that pastor accept tithe from a man like this instead of the pastor to help the man he told the man he will give him back the money he gave as tithe and the man should not stop attending the church

Another elderly woman TB Joshua gave cash gift put part of the money in tithe in TB Joshuas church he called the woman and asked her what she did, she said she put tithe he gave her back the money and more

He was never in competition with your men of God, did you ever see him advertise anywhere?w he was not dragging members with anybody, opening branches in every street, na we dey find am go ikotun. Several times when I was there I met people from all over the world even countries you never heard of people who couldn't even speak English where there, Even crusades were not advertised on bill boards, radio, newspapers etc but the stadiums were always packed. In Singapore, in Mexico, in Israel, anywhere.

Nigeria and Nigerians do not know what they have lost.
6 out of every 10 foreigners in Nigeria used to come because of TB Joshua.
Many people were kept off the streets and out of poverty thanks to TB Joshua
its not now we will feel it but in future, and don't worry TB Joshua raised successors, a successful success is one with a successor.

Wise man Racine - from france
Wise man Harry - from Greece
Wise man Christopher orji - Nigeria
Wise man Daniel - Nigeria
Wise man John chi - Cameroon or Nigeria
And many others like W. Magaya Tanzania
Emmanuel aka Saviour kal el - Nigeria
Many especially from east and southern Africa I don't know their names well enough

Let's hope God brings one of them to the branch in Lagos.
If it were up to me I'd want wiseman Harry but man proposes God disposes.

Emmanuel... God with us.

14 Likes 1 Share

Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by Makawhizzy: 5:51am On Jun 08, 2021
It is well.
I have stopped worrying on the colossal failure of this administration to even think street smartness.
The most troubling fact is the youths who are supposed to rise up in one voice and challenge their stupidity are the ones paid to litter the cyberspace with nonsense and delusional talks all cox of crumbs.
The Stalin hypothesis works perfectly in Nigeria just feed them and make sure they suffer they will still take you as a savior.

6 Likes

Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by gambia(m): 5:51am On Jun 08, 2021
iamyemiakins:

This guy ehn!
You and this ur post sef grin

Morning bros, na as the matter be I talk am oo.
Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by Teenaira: 5:51am On Jun 08, 2021
DamnnNiggarr:
FG recorded N3.94tn trade deficit in Q1



https://punchng.com/fg-recorded-n3-94tn-trade-deficit-in-q1/?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter&amp

This is one of the things that should bother the government. We are really in a deep shit. We might not target trade surplus but we should be able to work on reducing this continuous deficits
Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by Olarewaju89: 5:52am On Jun 08, 2021
Can you imagine!

Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by chiedu7: 5:52am On Jun 08, 2021
My problem is that they borrow the money to spend in Niger Republic,
leaving the South with the debts.

7 Likes 1 Share

Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by Olukat(m): 5:53am On Jun 08, 2021
Our darling Daddy is doing very well!
Just wait and see how zombies will change the narrative.
Brace up for more hard times Nigeria.

1 Like

Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by henryadex(m): 5:53am On Jun 08, 2021
There's no clueless government that would ever be in profit, let them have all the resources

2 Likes

Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by Ezedon(m): 5:55am On Jun 08, 2021
What do you expect when you have Ancestor as president

3 Likes

Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by Dialpad: 5:55am On Jun 08, 2021
Is there really any hope for Nigeria
Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by Edufamz: 5:58am On Jun 08, 2021
Na was o
Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by Evii: 5:58am On Jun 08, 2021
PMB came to kill, to steal and to destroy Nigeria's economy.

2 Likes

Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by channelstravel: 5:59am On Jun 08, 2021
Do you expect anything good from this REGIME?


I make the best CVs and Cover letters for job and study abroad applications. See my signature.

1 Like

Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by YurFatHer: 6:02am On Jun 08, 2021
more to come. year 2022 of another suffering still loading
Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by YurFatHer: 6:02am On Jun 08, 2021
Evii:
PMB came to kill, to steal and to destroy Nigeria's economy.

gbam

2 Likes

Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by Grace001: 6:02am On Jun 08, 2021
Buhari only became the president just for 2 things

1. To make sure 80% of power and resources control are in the hands of northerners ( he has succeeded in that)
2. To enjoy the benefits attached to the president office to take care of his health. (He has achieved that too)

Right now Buhari is just using Nigeria to catch cruise, baba can’t wait to handover a dead Nigeria(With high insecurity, comatose economy and debts) to the next president.

4 Likes 1 Share

Re: FG Recorded ₦3.94 Trillion Trade Deficit In Q1 by Tonim(f): 6:05am On Jun 08, 2021
No sound economic team in place to manage affairs. All postings were tribal based. What do you expect?

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