FG Clears $850 Million Debt To European Airlines - Politics

FG Clears $850 Million Debt To European Airlines - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › FG Clears $850 Million Debt To European Airlines (6975 Views)

FG Clears $850 Million Debt To European Airlines by seunmsg(op): 9:10pm On Jul 03, 2024

The Federal Government has paid up the backlog of debts to European airlines to the tune of $850m.

The European Union Ambassador to Nigeria and the ECOWAS, Samuela Isopi, revealed this at the 9th edition of the Nigeria – EU Business Forum in Abuja on Tuesday.

She commended the government for its intervention in clearing the backlog as well as the removal of foreign exchange restrictions on the import of forty-three items.

Isopi said that Nigeria remains the EU’s largest trading partner with about 35 billion Euros in trade relations in the last year.

She also said that Nigeria is the E.U’s biggest foreign investor with a stock estimated at 26 billion Euros, representing one-third of Nigeria’s foreign direct investment.

Isopi added that over 230 EU companies operate in Nigeria, providing jobs for youths and women.

The meeting has the theme ‘Investing in Jobs and Sustainable Future’.

Others in attendance include the Director General at the EU, Myriam Ferran; the Minister of Budget and National Planning, Atiku Bagudu, and the Permanent Secretary at the Ministry of Industry, Trade and Investment, Nura Rimi.

The forum is expected to create a platform for dialogue between the public and the private sector as well as highlight the role of government in supporting businesses towards achieving inclusive development.

https://www.channelstv.com/2024/07/02/fg-clears-850m-debt-to-eu-airlines/amp/

85 Likes

Re: FG Clears $850 Million Debt To European Airlines by helinues: 9:11pm On Jul 03, 2024

The upgraded Nigeria credit scores some months ago was about debt servicing when due

We are glad to have a responsive president like president Tinubu

112 Likes 3 Shares

Re: FG Clears $850 Million Debt To European Airlines by IAmHim1: 9:13pm On Jul 03, 2024*

4 Likes 1 Share

Re: FG Clears $850 Million Debt To European Airlines by seunmsg(op): 9:25pm On Jul 03, 2024

If this thread is about FG’s failure to clear backlog of forex to the airlines, it would be on page 10 by now with lots of Peter Obi supporters jumping all around from one page to the other. It’s a positive story and no one is interested. Smh!!

123 Likes 4 Shares

Re: FG Clears $850 Million Debt To European Airlines by garriAndsugar: 9:48pm On Jul 03, 2024

Una whatsapp group go dey bubble by now.

them don share 200mb for una to spread the good news that has no effect to the common man.

5 Likes 1 Share

Re: FG Clears $850 Million Debt To European Airlines by WizardOfNG: 9:51pm On Jul 03, 2024

seunmsg:
If this thread is about FG’s failure to clear backlog of forex to the airlines, it would be on page 10 by now with lots of Peter Obi supporters jumping all around from one page to the other. It’s a positive story and no one is interested. Smh!!

Absolutely. Those sadists and haters of the “Zoo” would be throwing the biggest midweek party in the world right now if this was negative news about Nigeria and Tinubu.

11 Likes

Re: FG Clears $850 Million Debt To European Airlines by dragunov: 9:53pm On Jul 03, 2024

seunmsg:
If this thread is about FG’s failure to clear backlog of forex to the airlines, it would be on page 10 by now with lots of Peter Obi supporters jumping all around from one page to the other. It’s a positive story and no one is interested. Smh!!

Shebi they are your pals, Kadoso.

Re: FG Clears $850 Million Debt To European Airlines by AdeCityzen(m): 9:58pm On Jul 03, 2024

Just do it

Re: FG Clears $850 Million Debt To European Airlines by AdeCityzen(m): 9:59pm On Jul 03, 2024

Nigeria will be great again, i'm optimistic

2 Likes

Re: FG Clears $850 Million Debt To European Airlines by WizardOfNG: 10:00pm On Jul 03, 2024

AdeCityzen:
Just do it

They’ve done it.

2 Likes

Re: FG Clears $850 Million Debt To European Airlines by helinues: 10:02pm On Jul 03, 2024

AyodeleBamidele:
Airline job, yes or no?

Where are your relatives?

82 Likes

Re: FG Clears $850 Million Debt To European Airlines by NyamiriSlayer(m): 10:05pm On Jul 03, 2024

Nigeria will be great again, that is sure.....
God Bless PBAT
God Bless Nigeria

84 Likes

Re: FG Clears $850 Million Debt To European Airlines by Paraman: 10:13pm On Jul 03, 2024

AdeCityzen:
Nigeria will be great again, i'm optimistic

Me too

2 Likes

Re: FG Clears $850 Million Debt To European Airlines by Ojuntana: 10:17pm On Jul 03, 2024

And the WB will then borrow us $2.25bn further compounding our debt
One step forward, ten backwards

2 Likes

Re: FG Clears $850 Million Debt To European Airlines by Fortruth: 10:17pm On Jul 03, 2024

helinues:
The upgraded Nigeria credit scores some months ago was about debt servicing when due

We are glad to have a responsive president like president Tinubu

Shame is not in your category… Everything you guys are doing is putting the N in NIGGER

A big shame to Black Africa

Re: FG Clears $850 Million Debt To European Airlines by Finegirl734(f): 10:20pm On Jul 03, 2024

The way they mention money in Nigeria

Re: FG Clears $850 Million Debt To European Airlines by mrvitalis(m): 10:21pm On Jul 03, 2024

seunmsg:
The Federal Government has paid up the backlog of debts to European airlines to the tune of $850m.

The European Union Ambassador to Nigeria and the ECOWAS, Samuela Isopi, revealed this at the 9th edition of the Nigeria – EU Business Forum in Abuja on Tuesday.

She commended the government for its intervention in clearing the backlog as well as the removal of foreign exchange restrictions on the import of forty-three items.

Isopi said that Nigeria remains the EU’s largest trading partner with about 35 billion Euros in trade relations in the last year.

She also said that Nigeria is the E.U’s biggest foreign investor with a stock estimated at 26 billion Euros, representing one-third of Nigeria’s foreign direct investment.

Isopi added that over 230 EU companies operate in Nigeria, providing jobs for youths and women.

The meeting has the theme ‘Investing in Jobs and Sustainable Future’.

Others in attendance include the Director General at the EU, Myriam Ferran; the Minister of Budget and National Planning, Atiku Bagudu, and the Permanent Secretary at the Ministry of Industry, Trade and Investment, Nura Rimi.

The forum is expected to create a platform for dialogue between the public and the private sector as well as highlight the role of government in supporting businesses towards achieving inclusive development.

https://www.channelstv.com/2024/07/02/fg-clears-850m-debt-to-eu-airlines/amp/

Cc: Mynd44 nlfpmod

How many time would they clear the airlines debt... We told people like u then they haven't u argued now they have cleared just European airlines

Smh

Re: FG Clears $850 Million Debt To European Airlines by babasolution: 12:36am On Jul 04, 2024

All these mumu majority tribes,just Europeans slaves,the mist enslaved peoples in world history

Re: FG Clears $850 Million Debt To European Airlines by DMerciful(m): 1:11am On Jul 04, 2024

Whats positive about paying money you collected in naira and expected to pay in dollars? Its not as if its their money

seunmsg:
If this thread is about FG’s failure to clear backlog of forex to the airlines, it would be on page 10 by now with lots of Peter Obi supporters jumping all around from one page to the other. It’s a positive story and no one is interested. Smh!!

2 Likes

Re: FG Clears $850 Million Debt To European Airlines by Basicend: 7:09am On Jul 04, 2024*

Hmm. . Hope it will bring down the value of USD to Naira. It should logically.

When the foreign reserves were depleting an going down, a lot of Nigerians were shouting here that govt is using it to buy Forex to gain Naira valuation.

For the past few weeks / month that our foreign reserves have been increasing, the demons / dark enemies of the nation kept quiet.

We are our major problem in this country. We have too many selfish and greedy (witchcraft) souls in the country. That is why the darkness is so gross.

It's obvious the govt is trying to correct it's errors and ensure that the country does not get collapsed, especially the economy. But we are darkened in thoughts grossly as a people and citizen.

When govt brought dollar down from almost N2,000 to $1 to about N1,000 to $1, bread companies, coke, beverages, milk companies etc refuse to reduce their selling prices by 1 Kobo. The masses govt is trying to aid will grossly go the media and say that govt is using their foreign reserve to enhance Naira valuation and will not see the enemies amongst themselves that continues to increase end-price of food, goods and services.

1 Like 1 Share

Re: FG Clears $850 Million Debt To European Airlines by Enugurangers: 7:11am On Jul 04, 2024

Great news.

1 Like

Re: FG Clears $850 Million Debt To European Airlines by policy12: 7:13am On Jul 04, 2024

seunmsg:
If this thread is about FG’s failure to clear backlog of forex to the airlines, it would be on page 10 by now with lots of Peter Obi supporters jumping all around from one page to the other. It’s a positive story and no one is interested. Smh!!

Hmmm...bad news spread like 🔥🔥🔥. I just pray another govt will not incure another debt on Nigeria.

1 Like

Re: FG Clears $850 Million Debt To European Airlines by bestman09(m): 7:14am On Jul 04, 2024

A big achievement by APC and Ebola.

You want people to hail you for paying your debts, money that you wickedly seized over time for nothing, did you intend not to pay back before? And the zom.bies are jumping up and down in ecstasy as if it will make a bag of rice come down to N10000.

Wicked leaders.

Re: FG Clears $850 Million Debt To European Airlines by theophorus(m): 7:14am On Jul 04, 2024

Oshey!
Na wetin we dey talk be this.
Clear debts, then we go begin grow the Naira and very soon 1USD will = 1NGN grin

Re: FG Clears $850 Million Debt To European Airlines by sweetkev(m): 7:16am On Jul 04, 2024

policy12:
Hmmm...bad news spread like 🔥🔥🔥. I just pray another govt will not incure another debt on Nigeria.

Using borrowed money to pay debt. It's over for Nigeria grin

Re: FG Clears $850 Million Debt To European Airlines by CooldipoMPS: 7:24am On Jul 04, 2024

capital flight!

1 Like 1 Share

Re: FG Clears $850 Million Debt To European Airlines by adioolayi(m): 7:26am On Jul 04, 2024

Governor Cardoso and President Tinubu getting this right...settling backlogs of trapped foreign funds..

But the koko is good life for common man...do something about the economy please. Times are hard.

3 Likes

Re: FG Clears $850 Million Debt To European Airlines by Tayorshd87(m): 7:30am On Jul 04, 2024

Ok Jagaban is working

1 Like

Re: FG Clears $850 Million Debt To European Airlines by Tayorshd87(m): 7:31am On Jul 04, 2024

adioolayi:
Governor Cardoso and President Tinubu getting this right...settling backlogs of trapped foreign funds..

But the koko is good life for common man...do something about the economy please. Times are hard.

God bless u 🙏
So we hope to feel the heat from grassroot make food cheap at least

1 Like

Re: FG Clears $850 Million Debt To European Airlines by XXXsearch: 7:35am On Jul 04, 2024

Anytime I see Tinimbum, I remember Darken Rahl, the famous character in Legend of the seeker who's mission on earth was to deceitfully suffocate mankind and bring hell to them on earth playing the devil's wish

Tinimbum represents evil and wickedness while pretending to be God's sent, this was exactly how Darken Rahl played it.

Deceiving only gullible followers

1 2 Reply

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