₦airaland Forum

FreeStuffsNG:
Despite being the largest economy in Africa, we are barely indebted to IMF. This is impressive. I reckon this was the forex support we got from the IMF during the covid 19 pandemic but today our economy is in surplus and our GDP keeps increasing quarter on quarter.

Below is the current data on Nigerian economy, Q3, 2023 as shared by Statisense


✅Q3 2023 GDP growth rate at 2.54%.

✅The Oil Sector had it best growth in Q3 2023 since Q1 2020 when it grew by 5.06%.

✅Improved Oil Production capacity, achieving the best output in Sept at 1.390 mbpd.

✅Achieved Trade surplus of ₦1.89 trillion in Q3 2023 and ₦3.52 trillion in 9months, Exports > Imports.

✅Stock Market performance of +38.1% Year Till Date.

✅FG surpassed its Revenue target of ₦8.283 trillion as at Sept 2023, achieving ₦8.653 trillion, a 4.5% above expectation.

✅Effective tax collection with CIT at +121% of its target and VAT at +11% (2023).

#Statisense
(NBS, OPEC, Budget Office)

https://twitter.com/StatiSense/status/1732148735746900053?t=GDJDpXxhrGJvUFgCmjN4lA&s=1


The naysayers, unpatriotic elements, criminal defamers, cyberbullies and liars will not see these milestones nor benefit from the progress we are making.

Ghana and Egypt no try at all. Ghana is particularly a very bad case given that 56% of her total debt were forgiven around 2002, it's today back in serious debt, economic quagmire and even unable to pay its debt. It's now offering to pay debt with gold and cocoa.

Nigeria is in great,steady, competent and patriotic hands. Dangote Refinery is to start production soon, dry farming to ramp up our wheat, massive electricity projects on going, subsidy off, end to the use of our hard earned forex to defend a USD being overvalued by the street/unpatriotic speculators and a brilliant team headed by President Bola Ahmed Tinubu!

All the enemies of Nigeria ti keran and will lose las las. They always lose.God bless Nigeria for ever! Check my signature for free stuffs!

We need to forward it to Peter Giningori Obi LP and his rag tag soldiers.

Whether they like it or not, Nigeria economy would pick up under Tinubu by second quarter of 2024 as projected by IMF and World Bank to the glory of God and to the shame of haters.

rolams:
Pls give us the list of the countries with highest debt to China and US pls!

Ask Google.

Meanwhile, I need to point to you that our indebtedness to China were for railway construction, and renovation of our Abuja and Lagos Airports.

I expect Nigeria to be number 1

Kcfresh2103:
Ok, how much are we owing China? can we also have that statistics?

If we tell you how much owed to China you want to pay it off or what?

I know not seen Nigeria top the list already annoys you that was why you went China way.

Tell us what their exchange rate is bass tards;!!!! Egyot is building a new capital city, so it's ok Ghana^s petroleum sector developing rapidly and I presume the others as well but that dunce called Nigeria is just to buy cars and do TAM of dead facilities

Sillymoderators:
Someone is giving statistics from a source you are saying he is defending a failed nation. Na so so bad news un like to hear. You people can never be satisfied even if we have slight improvement.

Written improvement... People are dying of hunger, businesses are closing down and you still have the guts to say you are improving..shame on you too for supporting evil!

FreeStuffsNG:
https://africa.businessinsider.com/local/markets/10-african-countries-with-the-highest-debts-to-the-imf/m7kg2l8

Rubbish hope. Nigeria's foreign debt stand at $48.2B.

Are you calling Amina MOOhamad a liar?

https://www.hostpic.org/images/2312082220330103.jpg

Lukuluku69:
There was Never a Time Nigeria was completely Debt Free.

Obasanjo sold that Lie to us all.

The Only time we were Debt Free was actually before the Civil War and shortly after.

The Moment we went to IMF/World Bank/Paris Club we have been swimming in Debts.

Abeg juggle that list again & again till we are number one.

FreeStuffsNG:
https://africa.businessinsider.com/local/markets/10-african-countries-with-the-highest-debts-to-the-imf/m7kg2l8

Even though I don't agree with most of your opinion about this adminstration, I respect them as they are well researched and rational. Good work sir

ozegidon:
Written improvement... People are dying of hunger, businesses are closing down and you still have the guts to say you are improving..shame on you too for supporting evil!

You be olodo.... shame on you too for expecting hunger to vanish from the land like a magic, everything is gradual. What have you as person done to help the economy? You think everything is government? All you know is food!

ChybuzzDD:
I've long gone

But you are still responding 😅😅

FreeStuffsNG:
Despite being the largest economy in Africa, we are barely indebted to IMF. This is impressive. I reckon this was the forex support we got from the IMF during the covid 19 pandemic but today our economy is in surplus and our GDP keeps increasing quarter on quarter.
Below is the current data on Nigerian economy, Q3, 2023 as shared by Statisense

✅Q3 2023 GDP growth rate at 2.54%.

✅The Oil Sector had it best growth in Q3 2023 since Q1 2020 when it grew by 5.06%.
✅Improved Oil Production capacity, achieving the best output in Sept at 1.390 mbpd.
✅Achieved Trade surplus of ₦1.89 trillion in Q3 2023 and ₦3.52 trillion in 9months, Exports > Imports.
✅Stock Market performance of +38.1% Year Till Date.
✅FG surpassed its Revenue target of ₦8.283 trillion as at Sept 2023, achieving ₦8.653 trillion, a 4.5% above expectation.
✅Effective tax collection with CIT at +121% of its target and VAT at +11% (2023).
#Statisense
(NBS, OPEC, Budget Office)
https://twitter.com/StatiSense/status/1732148735746900053?t=GDJDpXxhrGJvUFgCmjN4lA&s=1
The naysayers, unpatriotic elements, criminal defamers, cyberbullies and liars will not see these milestones nor benefit from the progress we are making.
Ghana and Egypt no try at all. Ghana is particularly a very bad case given that 56% of her total debt were forgiven around 2002, it's today back in serious debt, economic quagmire and even unable to pay its debt. It's now offering to pay debt with gold and cocoa.
Nigeria is in great,steady, competent and patriotic hands. Dangote Refinery is to start production soon, dry season farming to ramp up our wheat, massive electricity projects on going, subsidy off, end to the use of our hard earned forex to defend a USD being overvalued by the street/unpatriotic speculators and a brilliant team headed by President Bola Ahmed Tinubu!
All the enemies of Nigeria ti keran and will lose las las. They always lose.God bless Nigeria for ever! Check my signature for free stuffs!

I go along with your analysis,bro!
Some people think we are APC,NO.
We just want a better life for Millions of Nigeria Youths,not Social Media Agents,who are so gaulibles, that they can't sift lies from TRUTH!
-Never get too closer to Nigerian Politicians,- they are mostly liars.
Go and get your GOVERNORS Commitments from all the NBillion that have been Collecting!

FreeStuffsNG:
https://africa.businessinsider.com/local/markets/10-african-countries-with-the-highest-debts-to-the-imf/m7kg2l8

Keep deceiving yourself. Is that Nigeria's only foreign debt? Why will you always want to justify evil and stupidity? Are those other countries also owing China, Japan, France, Germany etc

Those countries are borrowing and putting it to good use. What are we doing with ours? Your level of sycophancy and stupidity is high. Very high.

https://saharareporters.com/2023/09/13/nigeria-owes-world-bank-group-imf-afdb-208billion-china-47billion

Mirallas:
Even though I don't agree with most of your opinion about this adminstration, I respect them as they are well researched and rational. Good work sir

Pls do your own research yourself. FreeStuffsNG will go to any length to cover Tinubu due to tribalism.
Read the link below.
https://saharareporters.com/2023/09/13/nigeria-owes-world-bank-group-imf-afdb-208billion-china-47billion

FreeStuffsNG:
Despite being the largest economy in Africa, we are barely indebted to IMF. This is impressive. I reckon this was the forex support we got from the IMF during the covid 19 pandemic but today our economy is in surplus and our GDP keeps increasing quarter on quarter.

Below is the current data on Nigerian economy, Q3, 2023 as shared by Statisense


✅Q3 2023 GDP growth rate at 2.54%.

✅The Oil Sector had it best growth in Q3 2023 since Q1 2020 when it grew by 5.06%.

✅Improved Oil Production capacity, achieving the best output in Sept at 1.390 mbpd.

✅Achieved Trade surplus of ₦1.89 trillion in Q3 2023 and ₦3.52 trillion in 9months, Exports > Imports.

✅Stock Market performance of +38.1% Year Till Date.

✅FG surpassed its Revenue target of ₦8.283 trillion as at Sept 2023, achieving ₦8.653 trillion, a 4.5% above expectation.

✅Effective tax collection with CIT at +121% of its target and VAT at +11% (2023).

#Statisense
(NBS, OPEC, Budget Office)

https://twitter.com/StatiSense/status/1732148735746900053?t=GDJDpXxhrGJvUFgCmjN4lA&s=1


The naysayers, unpatriotic elements, criminal defamers, cyberbullies and liars will not see these milestones nor benefit from the progress we are making.

Ghana and Egypt no try at all. Ghana is particularly a very bad case given that 56% of her total debt were forgiven around 2002, it's today back in serious debt, economic quagmire and even unable to pay its debt. It's now offering to pay debt with gold and cocoa.

Nigeria is in great,steady, competent and patriotic hands. Dangote Refinery is to start production soon, dry season farming to ramp up our wheat, massive electricity projects on going, subsidy off, end to the use of our hard earned forex to defend a USD being overvalued by the street/unpatriotic speculators and a brilliant team headed by President Bola Ahmed Tinubu!

All the enemies of Nigeria ti keran and will lose las las. They always lose.God bless Nigeria for ever! Check my signature for free stuffs!

Omo emilokan supporters sees this as an achievement

FreeStuffsNG:
Despite being the largest economy in Africa, we are barely indebted to IMF. This is impressive. I reckon this was the forex support we got from the IMF during the covid 19 pandemic but today our economy is in surplus and our GDP keeps increasing quarter on quarter.

Below is the current data on Nigerian economy, Q3, 2023 as shared by Statisense


✅Q3 2023 GDP growth rate at 2.54%.

✅The Oil Sector had it best growth in Q3 2023 since Q1 2020 when it grew by 5.06%.

✅Improved Oil Production capacity, achieving the best output in Sept at 1.390 mbpd.

✅Achieved Trade surplus of ₦1.89 trillion in Q3 2023 and ₦3.52 trillion in 9months, Exports > Imports.

✅Stock Market performance of +38.1% Year Till Date.

✅FG surpassed its Revenue target of ₦8.283 trillion as at Sept 2023, achieving ₦8.653 trillion, a 4.5% above expectation.

✅Effective tax collection with CIT at +121% of its target and VAT at +11% (2023).

#Statisense
(NBS, OPEC, Budget Office)

https://twitter.com/StatiSense/status/1732148735746900053?t=GDJDpXxhrGJvUFgCmjN4lA&s=1


The naysayers, unpatriotic elements, criminal defamers, cyberbullies and liars will not see these milestones nor benefit from the progress we are making.

Ghana and Egypt no try at all. Ghana is particularly a very bad case given that 56% of her total debt were forgiven around 2002, it's today back in serious debt, economic quagmire and even unable to pay its debt. It's now offering to pay debt with gold and cocoa.

Nigeria is in great,steady, competent and patriotic hands. Dangote Refinery is to start production soon, dry season farming to ramp up our wheat, massive electricity projects on going, subsidy off, end to the use of our hard earned forex to defend a USD being overvalued by the street/unpatriotic speculators and a brilliant team headed by President Bola Ahmed Tinubu!

All the enemies of Nigeria ti keran and will lose las las. They always lose.God bless Nigeria for ever! Check my signature for free stuffs!

Stop deceiving your Father abeg

FreeStuffsNG:
https://africa.businessinsider.com/local/markets/10-african-countries-with-the-highest-debts-to-the-imf/m7kg2l8

You can only deceive yourself and those who wants to be deceived. Tinubu is a failure on arrival. I only pray he proves me wrong.

But till then, keep exposing your level of stupidity.

https://punchng.com/fg-owes-china-japan-germany-two-others-4-85bn/

TrumpDonald2:
Pls do your own research yourself. FreeStuffsNG will go to any length to cover Tinubu due to tribalism.
Read the link below.
https://saharareporters.com/2023/09/13/nigeria-owes-world-bank-group-imf-afdb-208billion-china-47billion

Thanks

Mirallas:
Thanks

You're welcome. Most of the other countries borrowing do not have the resources we have. Why justify Nigeria's excessive borrowing with nothing commensurate to show for it.

Igahbarr:
Nigeria in distant 6 position? This is an open invitation for Tinubu and APC to borrow more and loot more untill Nigeria becomes No. 1 on the list.

Oga, that is for IMF alone. Nigeria is owing World bank and about 3 other financial institutions. Nigeria is owing China and about 4 other countries. So don't mind FreeStuffsNG.

MEEVEET:
Are you sure you are ok? Like everything is fine

Was Nigeria not debt free in 2005 ?

He was probably in space when that happened.These negative elements heading government in this country are not giving it any hope.

Stupid misgudied youth will not see why US Isn't number 1 pessimistic fellow

For your information Nigeria is owing more than that amount mentioned.

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@ FreeStuffsNG I hope you know that the debts on this list do not include China?

One of the modules I took during my Masters was to do a detailed study and presentation of the Economic relationship between China and Kenya. That amount listed there is paltry compared to what Kenya owes China. Infact, China practically owns that country.

China happens to be the world's largest Creditor at the moment and would soon turn to be the largest Debt recovery receptor as well.

When it comes to China's debts, Africa is in trouble especially during the period of their Road and Belt Initiative over the last 15yrs. Most of these debts are either due, or would be within the next 5yrs at interest amounts that are still shrouded in some level of secrecy.

TrumpDonald2:
Oga, that is for IMF alone. Nigeria is owing World bank and about 3 other financial institutions. Nigeria is owing China and about 4 other countries. So don't mind FreeStuffsNG.

Toh, thank you jare. I have even forgotten about World Bank although their interest and repayment terms are a bit more lenient towards 3rd world countries

Oh my God wetin CONGO DR used $1.2b do ？ Africans and bad leaders

MEEVEET:
Are you sure you are ok? Like everything is fine

Was Nigeria not debt free in 2005 ?

No country is debt-free

FreeStuffsNG:
Despite being the largest economy in Africa, we are barely indebted to IMF. This is impressive. I reckon this was the forex support we got from the IMF during the covid 19 pandemic but today our economy is in surplus and our GDP keeps increasing quarter on quarter.

Below is the current data on Nigerian economy, Q3, 2023 as shared by Statisense


✅Q3 2023 GDP growth rate at 2.54%.

✅The Oil Sector had it best growth in Q3 2023 since Q1 2020 when it grew by 5.06%.

✅Improved Oil Production capacity, achieving the best output in Sept at 1.390 mbpd.

✅Achieved Trade surplus of ₦1.89 trillion in Q3 2023 and ₦3.52 trillion in 9months, Exports > Imports.

✅Stock Market performance of +38.1% Year Till Date.

✅FG surpassed its Revenue target of ₦8.283 trillion as at Sept 2023, achieving ₦8.653 trillion, a 4.5% above expectation.

✅Effective tax collection with CIT at +121% of its target and VAT at +11% (2023).

#Statisense
(NBS, OPEC, Budget Office)

https://twitter.com/StatiSense/status/1732148735746900053?t=GDJDpXxhrGJvUFgCmjN4lA&s=1


The naysayers, unpatriotic elements, criminal defamers, cyberbullies and liars will not see these milestones nor benefit from the progress we are making.

Ghana and Egypt no try at all. Ghana is particularly a very bad case given that 56% of her total debt were forgiven around 2002, it's today back in serious debt, economic quagmire and even unable to pay its debt. It's now offering to pay debt with gold and cocoa.

Nigeria is in great,steady, competent and patriotic hands. Dangote Refinery is to start production soon, dry season farming to ramp up our wheat, massive electricity projects on going, subsidy off, end to the use of our hard earned forex to defend a USD being overvalued by the street/unpatriotic speculators and a brilliant team headed by President Bola Ahmed Tinubu!

All the enemies of Nigeria ti keran and will lose las las. They always lose.God bless Nigeria for ever! Check my signature for free stuffs!

Whenever I see you writing I know that someone that is not normal has come online

FreeStuffsNG:
Despite being the largest economy in Africa, we are barely indebted to IMF. This is impressive. I reckon this was the forex support we got from the IMF during the covid 19 pandemic but today our economy is in surplus and our GDP keeps increasing quarter on quarter.

Below is the current data on Nigerian economy, Q3, 2023 as shared by Statisense


✅Q3 2023 GDP growth rate at 2.54%.

✅The Oil Sector had it best growth in Q3 2023 since Q1 2020 when it grew by 5.06%.

✅Improved Oil Production capacity, achieving the best output in Sept at 1.390 mbpd.

✅Achieved Trade surplus of ₦1.89 trillion in Q3 2023 and ₦3.52 trillion in 9months, Exports > Imports.

✅Stock Market performance of +38.1% Year Till Date.

✅FG surpassed its Revenue target of ₦8.283 trillion as at Sept 2023, achieving ₦8.653 trillion, a 4.5% above expectation.

✅Effective tax collection with CIT at +121% of its target and VAT at +11% (2023).

#Statisense
(NBS, OPEC, Budget Office)

https://twitter.com/StatiSense/status/1732148735746900053?t=GDJDpXxhrGJvUFgCmjN4lA&s=1


The naysayers, unpatriotic elements, criminal defamers, cyberbullies and liars will not see these milestones nor benefit from the progress we are making.

Ghana and Egypt no try at all. Ghana is particularly a very bad case given that 56% of her total debt were forgiven around 2002, it's today back in serious debt, economic quagmire and even unable to pay its debt. It's now offering to pay debt with gold and cocoa.

Nigeria is in great,steady, competent and patriotic hands. Dangote Refinery is to start production soon, dry season farming to ramp up our wheat, massive electricity projects on going, subsidy off, end to the use of our hard earned forex to defend a USD being overvalued by the street/unpatriotic speculators and a brilliant team headed by President Bola Ahmed Tinubu!

All the enemies of Nigeria ti keran and will lose las las. They always lose.God bless Nigeria for ever! Check my signature for free stuffs!

Massive electricity projects going on where?

Bluntemperor:
I go along with your analysis,bro!
Some people think we are APC,NO.
We just want a better life for Millions of Nigeria Youths,not Social Media Agents,who are so gaulibles, that they can't sift lies from TRUTH!
-Never get too closer to Nigerian Politicians,- they are mostly liars.
Go and get your GOVERNORS Commitments from all the NBillion that have been Collecting!

A bare face liar. Freestuff is in collaboration with you

SkullIMAM:
Watch those APC fools come to compare failure now and tell you every nation owes .

And that Nigeria tried at least they are not number 1

Of course they are jobless like the first idiot that commented. Demented .