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Nairaland Forum / Nairaland / General / Business / Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN (6629 Views)
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Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by adenigga(m): 5:11am On Feb 07 |
Nigerians’ spending on foreign education, healthcare and personal travels gulped over $98bn in 10 years, according to the Central Bank of Nigeria data. Source: https://punchng.com/Nigerians-spent-$98bn-on-foreign-trips-education-in-10-years-CBN 5 Likes 1 Share
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Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by freeGiftOfGod: 5:35am On Feb 07 |
That's huge. "That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation." Romans 10:9-10. DM 8 Likes |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by jeff1993: 5:40am On Feb 07 |
Nigeria matter don turek me ishwear 2 Likes |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by Offpoint1: 5:40am On Feb 07 |
It should be upto a trillion dollar 5 Likes |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by Hezzyluv: 5:40am On Feb 07 |
85-90% of the money spent is from the politicians. 28 Likes |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by MANNABBQGRILLS: 5:41am On Feb 07 |
......and money no dey o. Money dey where he dey abeg. Just hustle legitimately and pray for God's blessings. 🙏. E go be..... 8 Likes 4 Shares |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by walozanga(m): 5:41am On Feb 07 |
The country without a future. 2 Likes |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by Ajehkpako4naija(m): 5:41am On Feb 07 |
adenigga:Buhari and Jagaban finished this country! Na so fire go finish thier household 5 Likes |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by Passionnn: 5:42am On Feb 07 |
Wwe |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by nairalee(m): 5:42am On Feb 07 |
All the fault of bad leaders. Why don't u make your own country and education so attractive that foreigners will be trooping in to study in your country? If a foreigner even wants to come and first Googles NIGERIA the first thing he will see is FULANI HERDSMEN KIDNAP AN ENTIRE VILLAGE. 13 Likes |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by okomile(f): 5:42am On Feb 07 |
Long story What is the solution (s) Revolution coming 1 Like |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by Sheuns(m): 5:43am On Feb 07 |
lol. 80% of those BTA funds were rackets. 5 Likes |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by malali: 5:43am On Feb 07 |
After thorough invesitgation by EFCC, these are the people spending that money abroad Baba Buhari london, 27 billion Asiwaju Tinubu of Paris, 25 billion Sir Obi of United Kingdom 21 billion Sheikh Atiku of Dubai 24 billion 90% of Nigerians citizens are still trying to eat 3 times a day. 9 Likes |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by MANNABBQGRILLS: 5:43am On Feb 07 |
How much is that in Naira please?! 3 Likes 3 Shares |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by mrvitalis(m): 5:43am On Feb 07 |
That's a reasonable figure... It's even low APC focus on improving exports not cutting imports Our import is very good just that our export is very very bad 5 Likes |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by Mercisharelove(f): 5:45am On Feb 07 |
Brilliant |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by Goodlady(f): 5:45am On Feb 07 |
It ll increase in future as long as Nigeria is bad! Who cares about foreign education if not for japa! Who cares about PGS if not for greener pastures! Some are nook crazy and wanted more education but that percentage is low. More so sef schools for Nigeria no get life! No quality education. The level of suffering and no future in Nigeria made people to sell their assets of N20m and borrow more money to japa for one masters in UK or Canada. In fact by next year, na Australia go hear am cis UK and Canada now v more strict laws preventing japa schoolings! Even this masquerade sold his uniform to try n japa cos he's tired of collecting N200, N500, N100 as if na roadblock police! 4 Likes
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Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by BitterTruth01: 5:46am On Feb 07 |
Tell us what percentage of that went towards Buhari and his government aides’ numerous foreign trips abroad. 4 Likes 1 Share |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by kingthreat(m): 5:47am On Feb 07 |
You can't blame people for making the educational choices they make. If your insitutions were any better, who go wan japa. Even Cardoso's children didn't study in Nigeria, I can bet a 100k on that. 6 Likes |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by bigdammyj: 5:49am On Feb 07 |
Prodigal Nigerians spent more than $100b in 10year unnecessarily says CBN. 1 Like 1 Share |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by Bfly: 5:54am On Feb 07 |
Nigeria not even on track to development yet. Any policy that affect the oil is gonna hit us so hard. Everything here is substandard and the people hav lost confidence in the country. No quality education No quality health care No quality wears No quality processed food No nada We are on time bomb. I don’t blame Tinubu for this, we only blame him for bringing himself forward only to be coming up with artificial solution that further impoverished poor mass and make the rich richer. Only capitalist with enough capital can survive this country without nothing to worry about daily 2 Likes |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by ivolt: 5:54am On Feb 07 |
Ok. So, how much of that money came from government's pockets? 1 Like 2 Shares |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by Mindlog: 5:56am On Feb 07 |
Buhari's junketing was a huge part of it. 3 Likes |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by gentlesmithugo(m): 5:56am On Feb 07 |
What a country !!! 80% percent of that money was spent by our stupid politicians and there family members 2 Likes |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by Winneepye: 5:58am On Feb 07 |
In summary, after eating our cake we are now asking for the cake. 2 Likes |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by adioolayi(m): 6:00am On Feb 07 |
Money dey this Country... $ 98 Billion ...Chai! 1 Like |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by chopnaira: 6:10am On Feb 07 |
adioolayi:You just dey know? Don't get carried away by the suffer heads wey dey Nairaland ooo 1 Like |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by adonainana: 6:12am On Feb 07 |
Cardoso said, “In 1980, our import expenditure stood at $16.65bn, while our exports amounted to $25.97bn, resulting in a surplus of $9.32bn. Thus, during that year, we managed to fulfil the demand for dollars from our existing supply and still had over $9bn in surplus. In such a situation, the exchange rate (the value of the US Dollar) would not increase because, similar to any commodity, its supply surpassed its demand. This was probably JUST BEFORE NIGERIA DISCOVERED OIL and it’s wahala started I have said it again and again on this platform DIVERSIFY THE ECONOMY DIVERSIFY THE ECONOMY CRUDE OIL IS A BLESSING A CURSE THE CURSE IS MUCH MORE BRUTAL THAN THE BLESSING I have said it here many many times on nairaland what Nigeria must do https://www.nairaland.com/7989133/naira-rebounds-banks-offload-excess/4#128260034 Convert all NYSC CAMPS into cash crops processing mega centres Instead of corpers shouting corper wee wee up and down employ them to run these mega farms and produce Made in Nigeria cash crops DO you know much land Nigeria has in the south Till today I have never seen a crop in my life THAT CANNOT GROW IN NIGERIA. Made in Nigeria bananas Made in Nigeria mangoes Made in Nigeria pineapples Made in Nigeria cocoa Even if it’s just one made in Nigeria something that is flooded European markets with Then that’s all you need TO MAKE THE DOLLAR almost as strong as the naira . The first paragraph just told you there was a time in Nigeria in 1980 where naira was stronger than dollar and that time Nigeria exported more than it imported and thus the favourable balance of trade even made it have 9 billion dollars extra THIS IS NOT SOME ECONOMIC THEORY OR SOME TRIAL AND ERROR DIVERSIFY THIS ECONOMY FOR GODS SAKE LEAVE CRUDE OIL ALONE , humans eat and humans eat most crops , even cocoa that cannot be eaten directly It is needed for making chocolates coffee THE NIGERIAN EXPORT SHOULD BE MERGED INTO NYSC , and nysc camps should be converted to these mega farms and tons and tons of crops should be processed to be shipped out FG should go to European countries and lobby each country to buy even if it’s made in Nigeria bananas, that are being processed and prepared in advance from the NYSC camps . Any embassy or country that doesn’t want these MADE IN NIGERIA products should be closed down Any country that doesn’t mind buying Nigerian oil but when it comes to made in Nigeria products it’s reluctant is an enemy of Nigeria . This is the only way NIGERIA CAN escape poverty PLEASE IF ANYONE CAN READ THIS PLS I BEG YOU IN THE NAME OF GOD I AM FROM THE FUTURE . NIGERIA BECAME WORSE THAN WHAT IT CURRENTLY IS RIGHT NOW NIGERIA pls diversify this company all oil licenses of any oil company should be revoked and tax free concessions given to AGRICULTURAL companies Nigeria please leave crude oil alone Sunshine is free Rainfall is free Photosynthesis is free These are the 3 things you need to grow any cash crop in the whole world and feed the whole world if you are serious with it YOU CAN SELL ANYTHING TO EARN FOREX IN THE INTERNATIONAL MARKET , it’s not only refined oil you sell there Please convert all Nysc camps into these mega farms and start churning out tons of materials to earn good money outside NIGERIA PLS LEAVE CRUDE OIL ALONE THE UK import bananas all the way from Panama and South Africa Please which country is closer to the uk. How big is Panama and how much land does South Africa that tescos stores in the uk import all the way down South Africa for bananas Why can’t there be made in Nigeria bananas Why this oil curse for Gods sake How much green land do we have in the south of Nigeria that bananas fresh good ones can’t be planted to be exported in tons Convert all nysc camps to farms now , double allawee to corpers that want to work leave the ones who don’t want to go and be looking for thier oil corporate jobs After converting the nysc camps into mega farms Merge nysc and the Nigerian export council and EXPORT all your wahala and earn cool forex Find a country and export good fresh foods to this country No one can tell me this is impossible If elections materials can get to every nook and cranny of this country You can’t tell me state sponsored Mega farms are impossible ALL THE TRILLIONS SAVED FROM FUEL SUBSIDY. Invest it in agriculture and become a sole supplier of foreign countries different types of food Tomatoes Peepers Cashews Bananas Carrots Do you know how much crops you can grow for free and make FREE DOLLARS FOR free Who told these guys oil is the only thing you can sell Once again scroll back up and check the first paragraph soemthing used to happen to Nigeria before 1980 After 1980 it got carried away and chased something which is crude oil And 50 years later Nigeria life has never remained the same Please diversify this economy now Besides carrots takes 3 months to grow Cucumbers etc There are some crops that if Nigerian becomes a sole exporter to selected foreign countries growing them would be light work Infact self nnpc should be forced to buy shares in this new mega farms Leave oil alone 4 Likes
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Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by GERANWAOLE1988(m): 6:13am On Feb 07 |
There is no way all these grammars would solve the problem. Political lies are having horrible economic effects. All these are mere coordinated lies to keep their jobs. Ask them where their kids are currently schooling. Ask those ministers, CBN Governor, National Assembly members where they receive treatment. Is it me that doesn't have money to pay school fees, buy paracetamol, travel from my village to Owerri that spent all those dollars on overseas education, health tourism and vacations? Even the next administration would certainly give one blame or the other to defend their failure. Go to The Gambia, since October last year till date the exchange rate of Dalasis to Dollar is still the same. Our economic hardship is as a result of the criminals that were recruited, elected and appointed into public positions. Recruited, elected and appointed Criminals everywhere. What a failed country. 2 Likes |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by Mossadd: 6:13am On Feb 07 |
Buhari alone spent 10% of that money on medical and all unnecessary trips he embarked on from 2015 to 2023 and the drug barron has continued from where bubu. stop Nigeria is bleeped! 1 Like |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by alt3r3g0: 6:29am On Feb 07 |
Does this include the 1400 delegates to dubai? 1 Like |
Re: Nigerians Spent $98 Billion On Foreign Trips, Education In 10 Years – CBN by Omalicious1: 6:29am On Feb 07 |
adenigga: I hope he has added presidential trips also because I know na Nigerians them be also. Unless he wants to tell us that they're not Nigerians |
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