₦airaland Forum

of course; i know it’s $8b
i beg, se na $8 be this ni 🤣🤣🤣


“194 Kiribati 8”

Yankee101:
Equate population and know why nigeria is close to the bottom

Keep supporting nonsense, proud slave.

Must you bring things like this to a post we all should and are learning from?

NothingDoMe:
Israel has six times the foreign reserves of Nigeria.

Nigerian Palestinians will tell you that it was America that gave Israel the money.

We are above

Finland
Croatia

Wow

Matheusmartin:
.
China,India have far more population than your Nigeria..

Abeg, find better thing talk..

Leave that proud slave, always defending their oppressors.

Yankee101:
Read my post again
Slowly this time

Oga stop defending your oppressors.

Buharifan:
S/N Countries Forex Reserves Including Gold
S/N (data in millions US$)
1  China 3,225,817
2  Japan 1,290,606
3  Switzerland 868,632
4  India 643,162
5  Russia 600,700
6  Taiwan 568,107
7  Saudi Arabia 455,205
8  Hong Kong 425,153
9  South Korea 419,360
10  Mexico 364,192
11  Singapore 357,345
12  Brazil 352,705
13  Germany 339,800
14  United States 242,681
15  France 240,677
16  Thailand 223,769
17  Israel 206,828
18  Poland 187,996
19  United Kingdom 183,952
20  United Arab Emirates 151,600
21  Czech Republic 144,996
22  Indonesia 149,915
23  Turkey 128,490
24  Netherlands 125,451
25  Canada 116,251
26  Philippines 104,033
27  Malaysia 102,241
28  Iraq 100,000
29  Spain 94,341
30  Vietnam 93,342
31  Belgium 82,000
32  Denmark 80,058
33  Romania 77,364
34  Peru 73,483
35  Norway 71,901
36  Libya 70,524
37  Italy 69,810
38  Algeria 68,028
39  Qatar 64,560
40  Sweden 59,568
41  Colombia 57,269
42  Australia 53,883
43  Portugal 53,710
44  South Africa 53,473
45  Kuwait 46,420
46  Chile 42,527
47  Ukraine 40,507
48  Hungary 41,344
49  Bulgaria 35,395
50  Egypt 35,310
51  Nigeria 34,980
52  Austria 34,856
53  Kazakhstan 34,500
54  Uzbekistan 32,195
55  Morocco 32,037
56  New Zealand 31,712
57  Croatia 28,680
58  Bangladesh 25,231.70
59  Serbia 24,468
60  Iran 24,300
61  Macau 24,283
62  Guatemala 21,390
63  Argentina 20,846
64  Turkmenistan 20,600
65  Cambodia 18,496
66  Jordan 18,765
67  Nepal 18,400
68  Oman 16,163
69  Uruguay 15,449
70  Lebanon 14,738
71  Dominican Republic 14,371
72  Angola 14,200
73  Costa Rica 13,200
74  Ireland 12,599
75  Azerbaijan 11,650
76  Ivory Coast 9,800
77  Paraguay 9,707
78  Bosnia and Herzegovina 8,711
79  Tunisia 8,623
80  North Korea 8,072
81  Pakistan 8,040
82  Finland 7,995
83  Slovakia 7,650
84  Honduras 7,390
85  Tanzania 7,022
86  Iceland 6,847
87  Myanmar 6,700
88  Moldova 6,390
89  Afghanistan 6,228
90  Panama 6,143
91  Venezuela 5,908
92  Trinidad and Tobago 5,800
93  Albania 5,700
94  Mauritius 5,591
95  Bahrain 5,500
96  Georgia 5,224
97  Mongolia 5,120
98  Botswana 5,080
99  Jamaica 4,921
100  Lithuania 4,900
101  Sri Lanka 4,517
102  Vatican City 4,339
103  Armenia 4,298
104  Nicaragua 3,980
105  Greece 3,926
106  Latvia 3,913
107  Uganda 3,700
108  Andorra 3,689
109  Brunei 3,664
110  Cameroon 3,459
111  Ethiopia 3,430
112  Ghana 3,368
113  Ecuador 3,305
114  Belarus 3,296
115  Kyrgyzstan 2,976
116  Slovenia 2,519
117  El Salvador 2,510
118  Cuba 2,500
119  Kenya 2,490
120  Papua New Guinea 2,339
121  Haiti 2,296
122  Estonia 2,065
123  Namibia 2,019
124  Bahamas 1,758
125  Bolivia 1,769
126  Madagascar 1,620
127  Montenegro 1,558
128  Mauritania 1,493
129  Tajikistan 1,482
130  Rwanda 1,458
131  Zambia 1,433
132  Guinea 1,425
133  Gabon 1,377
134  Cyprus 1,271
135  Luxembourg 1,119
136  Laos 1,099
137  Curaçao 1,080
138  Fiji 1,065
139  Niger 1,053
140  Aruba 1,017
141  Bhutan 972
142  Kosovo 950
143  Malta 937
144  Lesotho 785
145  Barbados 770
146  Cape Verde 712
147  San Marino 716
148  Gambia 698
149  Palestine 671
150  Timor-Leste 654
151  Suriname 647
152  Sierra Leone 624
153  Mali 604
154  Maldives 588
155  Guyana 553
156  Solomon Islands 551
157  Seychelles 546
158  Vanuatu 509
159  Democratic Republic of the Congo 505
160  Djibouti 504
161  Malawi 488
162  Eswatini 467
163  Republic of the Congo 443
164  Syria 401
165  Federated States of Micronesia 395
166  Central African Republic 375
167  Saint Kitts and Nevis 365
168  Liberia 342
169  Guinea-Bissau 329
170  Antigua and Barbuda 285
171  Belize 281
172  Saint Lucia 258
173  Yemen 250
174  Grenada 247
175  Tonga 226
176  Togo 208
177  Comoros 197
178  Saint Vincent and the Grenadines 192
179  Eritrea 189
180  Samoa 188
181  São Tomé and Príncipe 186
182  Sudan 172
183  Dominica 168
184  Senegal 164
185  Zimbabwe 159
186  Chad 143
187  Burundi 105
188  South Sudan 80
189  Benin 69
190  Montserrat 54
191  Equatorial Guinea 46
192  Burkina Faso 42
193  Somalia 37
194  Kiribati 8

https://en.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves

Insightful.

50, 51, 52, running neck-to-neck.

Small-sized Taiwan, Hong Kong and Singapore (6, 8, and 11) got me shook with their FX reserves. Impressive.

They’ll still come for you to defend GEJ. I keep saying this; we , the citizens are as much as the problems of this country like our ineptitude leaders.

Jorussia:
it was
almost $70b when obj left office.As at when GEJ left it was $28b or so.

Jorussia:
I have always said that the biggest problem in Nigeria is we have at least 80% of so called educated people who are ignorant and to a large extent illiterate.

Foreign reserve is what this thread is about as you are bringing excess crude account.for your information,obj left $22b as excess crude and about $70b as foreign reserve.how foreign reserve fell from $70b to $28b in a space of 8years is what i commented on.On this issue of excess crude accounts being depleted by Amaechi and his then progressive governors as you claimed,it wasn't true.APC became a party in 2013 and that was when Amaechi joined the party.As at 2013 excess crude accounts was already depleted.The annoyance of the governors across party lines then was that the federal government was withdrawing the money without the knowledge of the states which was true.

The administration of Pmb grew the foreign reserve to $48b around early 2020 before covid 19.the exchange rate was around #300 which around 30% more than what he met it, considering the foreign reserve they met,#300 was a very fair achievement by the then PMB.It was the uncontrolled crude oil theft(I believe state sponsored) from ending of 2021 and the
decision by Pmb cabal to fight anything Tinubu and Osibanjo that messed up the economy of this country from 2022-2023, and the effect is still felt today.

Writing long senseless notes without making any meaningful point is of no use. Excess Crude Account is in dollars and part of foreign reserve. Progressive Governors took Jonathan to court to share the money hence it was depleted.

Yankee101:
Equate population and know why nigeria is close to the bottom

Does population not mean that we have more BRAINS and more HANDS to be greatly productive as the Chinese, Indians, Americans, Indonesians etc are?

Why are you excusing our collective incompetence and failure with population
How do you personally benefit from such excuse?

Moniya4Real:
Must you bring things like this to a post we all should and are learning from?

It's a learning point. At least now you know that Israel doesn't depend on USA like a parasite.

EKONGKING:
Wow India at 645 billion dollars in reserve is a surprise .

India is really marching forward .

Are u sure u read and comprehended the information correctly??

I think china is the richest country in the world In reality, USA on paper.

Jorussia:
I have always said that the biggest problem in Nigeria is we have at least 80% of so called educated people who are ignorant and to a large extent illiterate.

Foreign reserve is what this thread is about as you are bringing excess crude account.for your information,obj left $22b as excess crude and about $70b as foreign reserve.how foreign reserve fell from $70b to $28b in a space of 8years is what i commented on.On this issue of excess crude accounts being depleted by Amaechi and his then progressive governors as you claimed,it wasn't true.APC became a party in 2013 and that was when Amaechi joined the party.As at 2013 excess crude accounts was already depleted.The annoyance of the governors across party lines then was that the federal government was withdrawing the money without the knowledge of the states which was true.

The administration of Pmb grew the foreign reserve to $48b around early 2020 before covid 19.the exchange rate was around #300 which around 30% more than what he met it, considering the foreign reserve they met,#300 was a very fair achievement by the then PMB.It was the uncontrolled crude oil theft(I believe state sponsored) from ending of 2021 and the
decision by Pmb cabal to fight anything Tinubu and osibanjo that messed up the economy of this country 2022-2023,and the effect still felt today.

Thanks for educating her

in this video you learn how to differentiate between legit and scam investment website


https://www.youtube.com/watch?v=tYGokCVS_MA?si=sUw3VUOAtySUjR9D

Nigeria can make top 10 if our leaders can it right, there is only two major factors that contribute immensely to the growth of any country GDP 1. Is human resource and 2. Is natural resource and good enough nigeria is richly abuntant with this two

Beverlyjean:
USA not meant to be there ..those guys have the highest... they are the printers of the global currency that's used as the benchmark ... officially is over 200b...unofficially, it runs in multi trillions .... they just gave 4 countries over 100b dols

Is USA thr? Mind you, I biliv you also read that, Gold inclusive, Abi they also print Gold.

NothingDoMe:
Israel has six times the foreign reserves of Nigeria.

Nigerian Palestinians will tell you that it was America that gave Israel the money.

How much is America Foreign Reserve? Close ties with Israel?

Jorussia:
Tinubu has not spent 8years for us to objectively judge him.it was GEJ that messed our foreign reserve.it was almost $70b when when obj left,and $28b when GEJ left office.

I thought Yar''Adua was there for 3 years with high oil revenue before Jonathan took over for 5 years with falling oil revenue, leading to pressure from the states that are joint owners of the federation account to draw down the ECA and stop accruing money into the reserves, in addition to the infrastructure projects Obasanjo failed to do in the railways sector notably

FG, States, LGs Share N568.4 Billion for Oct
15 NOVEMBER 2013

Also, $1billion was proposed for distribution to complement shortfall in expected revenue." The $1billion is a compromise by the FG over its words in September not to augment shortfalls anymore.

Responding to the presentation, the chairman of the States Commissioners of Finance and Ebonyi State Commissioner of Finance, Mr Timothy Odaah, lamented that the statutory allocation was getting smaller and smaller. "It appears this is the worst in terms of returns. This is the least in allocations as far as this year is concerned. We are mourning the dearth of funds and this is a wakeup call for states and local governments to buoy up their internally generated revenue."

While appreciating the "magnanimity" of President Goodluck Jonathan to approve the $1billion from the excess crude account and to be shared among the federal, state and local governments, Odaah expressed disappointment with the returns made by the NNPC.

He said that the states had requested for $2bn to complement for the shortfall in revenue but got only $1billion. In September, Odaah and fellow commissioners had walked out of the Accountant General of the Federation (AGF) when the federal government said that the framework of the 2013 budget was no longer realistic and it won't augment shortfall in revenue. Odaah raised issues with the statutory allocations of previous months.

More from: http://allafrica.com/stories/201311150323.html

LadyExcellency:
Because APC Governors led by Amaechi wanted it shared against all pleas by Dr Ngozi Okonjo Iweala. Blame the progressive Governors, not Jonathan. Our Excess Crude Account was jointly opened by States and the Federal Government.

As you are blaming the Govs ,you should also blame the weak president more.
Govs also put pressure on OBJ, which he vehemently rejected, but when the 2 weak presidents came in succession. His foot soldiers butchered the treasury with their two eye wide open.

Obioma3000:
Nigeria can make top 10 if our leaders can it right, there is only two major factors that contribute immensely to the growth of any country GDP 1. Is human resource and 2. Is natural resource and good enough nigeria is richly abuntant with this two

How is an uneducated population equal to richly abundant human resource

Nigeria now has about 20 million out-of-school children, according to the latest global data on out-of-school children by the United Nations Educational, Scientific and Cultural Organisation (UNESCO).

UNESCO, which says a new and improved methodology was used to arrive at the latest figures, said there are “244 million children and youth between the ages of 6 and 18 worldwide (who) are still out of school.”

According to the statistics, India, Nigeria and Pakistan have the highest figures for out-of-school children globally.

https://www.premiumtimesng.com/news/headlines/551804-breaking-nigeria-now-has-20-million-out-of-school-children-unesco.html

Fiscus105:
As you are blaming the Govs ,you should also blame the weak president the more. The Govs also put pressure on OBJ, which he vehemently rejected, but when the 2 weak presidents came in succession. His foot soldiers butchered the treasury with their two eye open wide.

Is the federation account owned by the federal government alone

chccho:
Are u sure u read and comprehended the information correctly??

yes, its seems u r reading incorrectly or just google Indian reserves .

I agree with every line in your submission except the last sentence which is fallacy. Tinubu Shot everyone + Himself on the foot by Implementing financial policies without Economic team, no substantial CBN gov., No Cabinet etc., He was obviously carried away by his "Election Victory". Without settling Down to study the situation he took the advice of the World bank. No policies statement or Plan to Cushion the effect of His Wrong Decision. Very Wrong Move from the state. I pity Cardoso.

Jorussia:
I have always said that the biggest problem in Nigeria is we have at least 80% of so called educated people who are ignorant and to a large extent illiterate.

Foreign reserve is what this thread is about as you are bringing excess crude account.for your information,obj left $22b as excess crude and about $70b as foreign reserve.how foreign reserve fell from $70b to $28b in a space of 8years is what i commented on.On this issue of excess crude accounts being depleted by Amaechi and his then progressive governors as you claimed,it wasn't true.APC became a party in 2013 and that was when Amaechi joined the party.As at 2013 excess crude accounts was already depleted.The annoyance of the governors across party lines then was that the federal government was withdrawing the money without the knowledge of the states which was true.

The administration of Pmb grew the foreign reserve to $48b around early 2020 before covid 19.the exchange rate was around #300 which around 30% more than what he met it, considering the foreign reserve they met,#300 was a very fair achievement by the then PMB.It was the uncontrolled crude oil theft(I believe state sponsored) from ending of 2021 and the
decision by Pmb cabal to fight anything Tinubu and osibanjo that messed up the economy of this country 2022-2023,and the effect still felt today.

Gbogbowa:
Obj really try for Nigeria if not Nigeria will be no where.pls how much has Tinubu save in one Year with subsidy removal

OBJ destroyed Nigeria

Whether the world like it or not, China is becoming , infact currently the richest and surest country in the world.

You can argue with your boxers. . Or hug transformer.

As for Nigerians, if dollars goes up, many will start criticizing the govt, and if govt tries to bring it down, you start shouting that they are depleting external reserves or borrowing to defend. .

Yet, you come online again to say prices of goods have gone high, and you can't buy bread.

We are terrible people.

So all this country reserve, no one even reach BTC market cap of nearly $1.5Trillion.

No wonder they are fighting crypto here and there

cuz they do be wondering where all this money in crypto coming out from. . . .

Buharifan:
S/N Countries Forex Reserves Including Gold
S/N (data in millions US$)
1  China 3,225,817
2  Japan 1,290,606
3  Switzerland 868,632
4  India 643,162
5  Russia 600,700
6  Taiwan 568,107
7  Saudi Arabia 455,205
8  Hong Kong 425,153
9  South Korea 419,360
10  Mexico 364,192
11  Singapore 357,345
12  Brazil 352,705
13  Germany 339,800
14  United States 242,681
15  France 240,677
16  Thailand 223,769
17  Israel 206,828
18  Poland 187,996
19  United Kingdom 183,952
20  United Arab Emirates 151,600
21  Czech Republic 144,996
22  Indonesia 149,915
23  Turkey 128,490
24  Netherlands 125,451
25  Canada 116,251
26  Philippines 104,033
27  Malaysia 102,241
28  Iraq 100,000
29  Spain 94,341
30  Vietnam 93,342
31  Belgium 82,000
32  Denmark 80,058
33  Romania 77,364
34  Peru 73,483
35  Norway 71,901
36  Libya 70,524
37  Italy 69,810
38  Algeria 68,028
39  Qatar 64,560
40  Sweden 59,568
41  Colombia 57,269
42  Australia 53,883
43  Portugal 53,710
44  South Africa 53,473
45  Kuwait 46,420
46  Chile 42,527
47  Ukraine 40,507
48  Hungary 41,344
49  Bulgaria 35,395
50  Egypt 35,310
51  Nigeria 34,980
52  Austria 34,856
53  Kazakhstan 34,500
54  Uzbekistan 32,195
55  Morocco 32,037
56  New Zealand 31,712
57  Croatia 28,680
58  Bangladesh 25,231.70
59  Serbia 24,468
60  Iran 24,300
61  Macau 24,283
62  Guatemala 21,390
63  Argentina 20,846
64  Turkmenistan 20,600
65  Cambodia 18,496
66  Jordan 18,765
67  Nepal 18,400
68  Oman 16,163
69  Uruguay 15,449
70  Lebanon 14,738
71  Dominican Republic 14,371
72  Angola 14,200
73  Costa Rica 13,200
74  Ireland 12,599
75  Azerbaijan 11,650
76  Ivory Coast 9,800
77  Paraguay 9,707
78  Bosnia and Herzegovina 8,711
79  Tunisia 8,623
80  North Korea 8,072
81  Pakistan 8,040
82  Finland 7,995
83  Slovakia 7,650
84  Honduras 7,390
85  Tanzania 7,022
86  Iceland 6,847
87  Myanmar 6,700
88  Moldova 6,390
89  Afghanistan 6,228
90  Panama 6,143
91  Venezuela 5,908
92  Trinidad and Tobago 5,800
93  Albania 5,700
94  Mauritius 5,591
95  Bahrain 5,500
96  Georgia 5,224
97  Mongolia 5,120
98  Botswana 5,080
99  Jamaica 4,921
100  Lithuania 4,900
101  Sri Lanka 4,517
102  Vatican City 4,339
103  Armenia 4,298
104  Nicaragua 3,980
105  Greece 3,926
106  Latvia 3,913
107  Uganda 3,700
108  Andorra 3,689
109  Brunei 3,664
110  Cameroon 3,459
111  Ethiopia 3,430
112  Ghana 3,368
113  Ecuador 3,305
114  Belarus 3,296
115  Kyrgyzstan 2,976
116  Slovenia 2,519
117  El Salvador 2,510
118  Cuba 2,500
119  Kenya 2,490
120  Papua New Guinea 2,339
121  Haiti 2,296
122  Estonia 2,065
123  Namibia 2,019
124  Bahamas 1,758
125  Bolivia 1,769
126  Madagascar 1,620
127  Montenegro 1,558
128  Mauritania 1,493
129  Tajikistan 1,482
130  Rwanda 1,458
131  Zambia 1,433
132  Guinea 1,425
133  Gabon 1,377
134  Cyprus 1,271
135  Luxembourg 1,119
136  Laos 1,099
137  Curaçao 1,080
138  Fiji 1,065
139  Niger 1,053
140  Aruba 1,017
141  Bhutan 972
142  Kosovo 950
143  Malta 937
144  Lesotho 785
145  Barbados 770
146  Cape Verde 712
147  San Marino 716
148  Gambia 698
149  Palestine 671
150  Timor-Leste 654
151  Suriname 647
152  Sierra Leone 624
153  Mali 604
154  Maldives 588
155  Guyana 553
156  Solomon Islands 551
157  Seychelles 546
158  Vanuatu 509
159  Democratic Republic of the Congo 505
160  Djibouti 504
161  Malawi 488
162  Eswatini 467
163  Republic of the Congo 443
164  Syria 401
165  Federated States of Micronesia 395
166  Central African Republic 375
167  Saint Kitts and Nevis 365
168  Liberia 342
169  Guinea-Bissau 329
170  Antigua and Barbuda 285
171  Belize 281
172  Saint Lucia 258
173  Yemen 250
174  Grenada 247
175  Tonga 226
176  Togo 208
177  Comoros 197
178  Saint Vincent and the Grenadines 192
179  Eritrea 189
180  Samoa 188
181  São Tomé and Príncipe 186
182  Sudan 172
183  Dominica 168
184  Senegal 164
185  Zimbabwe 159
186  Chad 143
187  Burundi 105
188  South Sudan 80
189  Benin 69
190  Montserrat 54
191  Equatorial Guinea 46
192  Burkina Faso 42
193  Somalia 37
194  Kiribati 8

https://en.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves

Where's Tinubu's country @?
The Urinating statue with a brown teeth.
The most Useless and Evil leader in the history of this British contraption.
The bringer of hardship, inflation,hunger and suffering to the Mass.
The power-drunk vegetable.
The commander of the host moronic and imbecilic squad.
The most corrupt politician in the history of Niger-Area,the ripper of our common good.
The destroyer of the nation's economy and the negative changer.. thunder help me locate Aso Rock,that frail and idiotic individual there,strick him with vengeance

Read again
Slowly this time
Then comprehend

anonimi:
Does population not mean that we have more BRAINS and more HANDS to be greatly productive as the Chinese, Indians, Americans, Indonesians etc are?

Why are you excusing our collective incompetence and failure with population
How do you personally benefit from such excuse?

Emu4life:
During Yar'adua's regime Reserves was $64bn

Stop saying what you don't know. Nigeria has never crossed $40 billion.

How can Nigeria keep $64 billion in banks and the people will be dying of poverty?