₦airaland Forum

rvp20182:
The latest from Steve Hanke

#GhanaWatch: Under Pres. Akufo-Addo, economic freedom has deteriorated. As a result, GDP per capita growth has crashed. Ghana should turn to the Singapore Strategy (stable money, NO FOREIGN AID, protection of private property & a small efficient govt) instead of the IMF.

Find kenya in this list of shame

I have ask you to tell me who knows him . He is nobody .show me any research paper he has written before . We are not handicapped like kenya

That is politics. Azimio were trying to play cheap propaganda. And gov just told them they left empty coffers.

What is not in dispute is that your employees and you need now almost double the cedis to survive.

You had salaries delays as early as Feb 2022

vaxx:
kenya for now it is far worse . You cant pay salary . And the only blame for that by your govt is the last regime . What an inept govt

Proffesor of Economic in John Hopkins - IVY league - one best universities in the world is a NOBODY. Ghana madness.

vaxx:
I have ask to tell me who knows him . He is nobody .show me any research paper he has written before . We are not handicapped like kenya

rvp20182:
That is politics. Azimio were trying to play cheap propaganda. And gov just told them they left empty coffers.

What is not in dispute is that your employees and you need now almost double the cedis to survive.

You had salaries delays as early as Feb 2022

just shut up and bury your head in shame

rvp20182:
Proffesor of Economic in John Hopkins - IVY league - one best universities in the world is a NOBODY. Ghana madness.

refer me to any of his literature

Are you so mentally disabled you cannot GOOGLE.

vaxx:
refer me to any of his literature

rvp20182:
Are you so mentally disabled you cannot GOOGLE.

it is because you are so stupid and knows very well nothing of such exist .


You are the one mentally handicapped here

Did you really understand what Dr Ndii is saying there or the English is too much for your puny brain.
He is saying what I have been saying.
That there was cash crunch...as maturities for debt had bunched up...
That is temporary problem.
Of course Kenya has to get out of spending 60% of revenue in debt servicing.
We have to go back to below 33%

Again nobody denies kenya macro-economics are not SOUND.

Ruto is the president for exactly that reason - he told kenyans - we were going bankrupt like GHANA - unless we change.

So we are dealing with WELL KNOWN PROBLEM - and we have solution for it - that excludes defaulting like Ghana morons.

vaxx:
just shut up and bury your head in shame

Ivy league proffesor must publish regularly or they lose their tenure.

Dont attack the messenger....your country is BROKE.

All credit agencies have it at D - DEFAULT

vaxx:
it is because you are so stupid and knows very well nothing of such exist .


You are the one mentally handicapped here

rvp20182:
Are you so mentally disabled you cannot GOOGLE.

You are the monkey here. You know indeed there is nothing of such existing anywhere so you want me to spoon-feed you with unknown existing material.


The guy is unknown and if you are confidence that he is known. Show us any of his financial literature

rvp20182:
Ivy league proffesor must publish regularly or they lose their tenure.

Dont attack the messenger....your country is BROKE.

All credit agencies have it at D - DEFAULT

give me one of his literature or remain the monkey that you were

https://en.wikipedia.org/wiki/Steve_Hanke

After the codeine has worn off.

vaxx:
You are the monkey here. You know indeed there is nothing of such existing anywhere so you want me to spoon-feed you known existing material.


The guy is unknown and if you are confidence that he is known. Show us any of his financial literature

rvp20182:
https://en.wikipedia.org/wiki/Steve_Hanke

After the codeine has worn off.

lol...I am also on Wikipedia . Show me his literature that is what I ask you to do not his biography . You are even more stupid showing me wikipedia page of him .


Didn't he has published work

You wait until Codeine has subsided in your bloodstream - and you'll see is very illustrious careeer. The stuff he has written are all over.

Only a Ghana slowpoke would question an Ivy League proffesor of Economics.

That kind of anti-intellectualism is either borne out of total madness or drug abuse or poor education.

vaxx:
lol...I am also on Wikipedia . Show me his literature that is what I ask you to do not his biography . You are even more stupid showing me wikipedia page of him .


Didn't he has published work

rvp20182:
Did you really understand what Dr Ndii is saying there or the English is too much for your puny brain.
He is saying what I have been saying.
That there was cash crunch...as maturities for debt had bunched up...
That is temporary problem.
Of course Kenya has to get out of spending 60% of revenue in debt servicing.
We have to go back to below 33%

Again nobody denies kenya macro-economics are not SOUND.

Ruto is the president for exactly that reason - he told kenyans - we were going bankrupt like GHANA - unless we change.

So we are dealing with WELL KNOWN PROBLEM - and we have solution for it - that excludes defaulting like Ghana morons.

You are the nincompoop arguing the obvious here . You failed to agree you can't pay salary , you were arguing otherwise not until I bombard you with lot of evidence from your fellow countrymen , you are the Idiot with disjointed brain .


It is either you default on your debt or you stop paying salaries that is how bad your inept govt has become . You pick the latter zombie

vaxx:
lol...I am also on Wikipedia . Show me his literature that is what I ask you to do not his biography . You are even more stupid showing me wikipedia page of him .


Didn't he has published work

I don't know why he takes that Steve Hanke of a guy so seriously.

We wont join Ghana in the miserable club.
Go to bed - your puny brain is overheating.

vaxx:
You are the nincompoop arguing the obvious here . You failed to agree you can't pay salary , you were arguing otherwise not until I bombard you with lot of evidence from your fellow countrymen , you are the Idiot with disjointed brain .


It is either you default on your debt or you stop paying salaries that is how bad your inept govt has become . You pick the latter zombie

GeneralDae:
I don't know why he takes that Steve Hanke of a guy so seriously.

someone that is unknown both in academic or financial world . He knows himself the guy doesn't have a reputation but because the guy support his own kind of ego , he decide to believe him. Two ignorance monkey

Why shouldn't I - you think he has personal beef with Ghana or Nigeria?

Again I dont use one story - It combination of many things that show Nigeria is SICK.

I asked you to bring debt servicing ratio? You went MIA

You rather engage in personal attack against an illustrious proffesor trying to help your realize the depth of the hole.

Stop being delusional. Nigeria must confront its problem.

We dont hate Nigeria. But it's a ZOOOOOOOOOOOOOOOOOO.

GeneralDae:
I don't know why he takes that Steve Hanke of a guy so seriously.

rvp20182:
You wait until Codeine has subsided in your bloodstream - and you'll see is very illustrious careeer. The stuff he has written are all over.

Only a Ghana slowpoke would question an Ivy League proffesor of Economics.

That kind of anti-intellectualism is either borne out of total madness or drug abuse or poor education.

and you are unable to show me a single published work he has done before. You are the idiot with a tiny brain here .

You cant even face my little bro here on a one and one debate . He will put you into size

rvp20182:
We wont join Ghana in the miserable club.
Go to bed - your puny brain is overheating.

you are already far worse than Ghana. Joining Ghana will be a privileged

rvp20182:
Why shouldn't I - you think he has personal beef with Ghana or Nigeria?

Again I dont use one story - It combination of many things that show Nigeria is SICK.

I asked you to bring debt servicing ratio? You went MIA

You rather engage in personal attack against an illustrious proffesor trying to help your realize the depth of the hole.

Stop being delusional. Nigeria must confront its problem.

We dont hate Nigeria. But it's a ZOOOOOOOOOOOOOOOOOO.

Debt servicing ratio to revenue has been 120% since January 2022 until now and we just borrowed all through to share federal allocations worth over 20 Billion dollars throughout the year to states and local Governments. Nigeria also built several infrastructures and bought more army equipments same year altogether worth billions of dollars.
Yet the increase in our public debt in 2022 was not even up to 10 Billion dollars ( both local and external). That's the magic Nigeria somehow performed in the economics of rvp2018 😄.

If you believe that, you'll believe anything and no need going at it with you further.

Tomorrow I will explain what is going on after I research. Yeah it crazy. Imagine kenya we are crying murder at 60 percent. Nigeria is at 120

GeneralDae:
Debt servicing ratio to revenue has been 120% since January 2022 until now and we just borrowed all through to share federal allocations worth over 20 Billion dollars throughout the year to states and local Governments. Nigeria also built several infrastructures and bought more army equipments same year altogether worth billions of dollars.
Yet the increase in our public debt in 2022 was not even up to 10 Billion dollars ( both local and external). That's the magic Nigeria somehow performed in the economics of rvp2018 😄.

If you believe that you'll believe anything and no need going at it with you further.

Mkenya2019:
Tomorrow I will explain what is going on after I research. Yeah it crazy. Imagine kenya we are crying murder at 60 percent. Nigeria is at 120

Please do the research for us. This Nigerian magic must be exposed.

FYI our debt servicing ratio to revenue for the entire year on average closed at 80% but we are not on our knees, so maybe you can help us with the explanation .

But I'll give you some expo though.

Nigerian FIRS revenue in 2022 was 10.1 trillion naira. However, we have that:

Nigeria’s debt service to revenue ratio is reported as 80.7% according to the information contained in the 2023 Budget presentation made by the Minister of Finance.

The report reveals a total debt service of N5.2 trillion in the first 11 months of 2022 out of a total revenue of N6.49 trillion.

So it's simple to see why we are not on our knees. The revenue report here says we made 6.49 trillion naira at the federal level while the FIRS collected 10.1 trillion naira. Our total debt servicing was 5.2 trillion naira.

Put one and two together, you get the answer to the puzzle.

Wow The Kenyan shilling, which has lost nearly 30% of its value since late 2020, is expected to reach 200 versus the US dollar by the end of the year, making it one of the worst currencies in the world. Ruto needs to get up and do action.

GeneralDae:
Please do the research for us. This Nigerian magic must be exposed.

FYI our debt servicing ratio to revenue for the entire year on average closed at 80% but we are not on our knees, so maybe you can help us with the explanation .

But I'll give you some expo though.

Nigerian FIRS revenue in 2022 was 10.1 trillion naira. However, we have that:

Nigeria’s debt service to revenue ratio is reported as 80.7% according to the information contained in the 2023 Budget presentation made by the Minister of Finance.

The report reveals a total debt service of N5.2 trillion in the first 11 months of 2022 out of a total revenue of N6.49 trillion.

So it's simple to see why we are not on our knees. The revenue report here says we made 6.49 trillion naira at the federal level while the FIRS collected 10.1 trillion naira. Our total debt servicing was 5.2 trillion naira.

Put one and two together, you get the answer to the puzzle.

The dude is too daft to comprehend

68816419:
The dude is too daft to comprehend

The guy thinks he knows Nigeria. He doesn't know for most parts of 2022, Nigeria from Federal level allocated on average over 700 Billion naira monthly (over 1.7 Billion dollars) to states and Local Government without NNPC remittances to CBN and Government for the most part.

He would have to figure all of that first.

God forbid !!!, what pride does one take from making losses for over 10 years ? Wouldn't it be preferable if they were liquidated? I have no idea why this swindle exists. Ghanaians, Nigerians and even Tanzanians in the house please I need answers to thix

Anything above 33% mean you're on your knees.
Therefore 80 percent or 120 percent isnt going to help Nigeria.
What we need to know is how Nigeria is able to finance salaries,recurrent expenditure and development if any.
They are either borrowing more and more
Or they arent doing any development - which is likely the case - as Nigeria the Zoo has rotten without any roads being maintained or built
Also despite sky high inflation - salaries have not been raised.
We saw lecturers last year strike for almost a year - with universities closed.

In short Nigeria is a ZOO precisely because it uses 80-120 percent of it's revenue to pay debt leaving it with nothing for social, infrastracture or any investment - no electricity, poverty, sky high inflation, millions of kids outside schools, kidnapping. nothing works.

Kenya has to avoiding getting there - and go back to below 33% debt servicing ratio - like we have always been - except for last few years.

And kenya will be back healthy in 2025 - we have tough 2024 - then by 2025 our macro-economics will be very solid - we will have brought debt to gdp to 55%; we will have budget surplus on recurrent expenditure,

we will be spending 33% on debt; 33% on development; 33% on salaries, operation & maintenances.

That is how an individual or company or a country is supposed to run 1/3 spend on debt, 1/3 to O&M, 1/3 on investment.

GeneralDae:
Please do the research for us. This Nigerian magic must be exposed.

FYI our debt servicing ratio to revenue for the entire year on average closed at 80% but we are not on our knees, so maybe you can help us with the explanation .

But I'll give you some expo though.

Nigerian FIRS revenue in 2022 was 10.1 trillion naira. However, we have that:

Nigeria’s debt service to revenue ratio is reported as 80.7% according to the information contained in the 2023 Budget presentation made by the Minister of Finance.

The report reveals a total debt service of N5.2 trillion in the first 11 months of 2022 out of a total revenue of N6.49 trillion.

So it's simple to see why we are not on our knees. The revenue report here says we made 6.49 trillion naira at the federal level while the FIRS collected 10.1 trillion naira. Our total debt servicing was 5.2 trillion naira.

Put one and two together, you get the answer to the puzzle.

Nigeria Airways is still bankrupt - since 1980s or 1970s - what give you the nerve to speak about airlines? The entire airline industry made losses - as it yet to recover from covid-19 - so KQ is in good company.

Meanwhile have you allowed airlines to take our their dollars from Nigeria?

68816419:
God forbid !!!, what pride does one take from making losses for over 10 years ? Wouldn't it be preferable if they were liquidated? I have no idea why this swindle exists. Ghanaians, Nigerians and even Tanzanians in the house please I need answers to thix

Kenya - Uhuru regime dropped the ball completely - when Kibaki handed him a very solid macro-economics. Now Ruto job is to clean up the mess. Bring down debt servicing to below 33%; Bring down debt to gdp to below 55%. All these will be achieved in 2024/2025.