₦airaland Forum

Na statistics we go chop 😂😂😂😂😂😂

It was like $43 billion at the start of this year.

How has it risen like this?

LegendHero:
Let’s take it to $50billion.

Then we will have enough arsenal to control the forex narrative and stabilize the naira to a bearable level.

Bitter Obi, bring the hero beer, let us celebrate.

50 billion won't do much

It was 60 billion under yaradua, and people were still struggling then

Your country is still weak economically. Your government needs to do better.

ourcrudeoil:
Is only a foolish and senseless people that will take Olayemi Cardoso and his drug baron master seriously.

#End bad government in Nigeria #

Hehehe

#EndBadGovernment

It's fine but start from Abia.

Liberate your 5 plots of land first.

Ogbeni Cardoso the current CBN governor is a confused Olodo man.
Playing Joker with the country's Treasury Department
Tomorrow this same propaganda will become fake news

nairalanda1:
36 billion is not enough for a nation our size

Jonathan should have known before starting the trend of using the foreign reserves for campaign and vote buying in (dollars).

allthingsgood:
God on our side

But some people won't still be happy I know

A hungry man is an angry man, he has not really achieved anything. when Nigerians can barely feed again

Shikini:
Buhari handed down $35.09b to Thiefņubu in May 2023, so what's the big deal?

With a lot of Forex debts especially to international airlines, these Forex debts have been cleared and we have still grown our external reserves.

That is a positive, a step in the right direction.

patrickcollins:
A hungry man is an angry man, he has not really achieved anything. when Nigerians can barely feed again

No matter what we gain, he can't achieve anything in your eyes

LegendHero:
Source: https://nairametrics.com/2024/07/20/nigerias-external-reserve-has-risen-to-36-89-billion-cardoso/

see them…. Always searching with touch light for achievement and running to the media to announce what is supposed to be normal .

Foreign reserves increases by 10 dollars na achievement for this agbado country because nothing to show after more than one year in office.

Paraman:
Bitter Obi fans in the mud

I am not a fan Obi but let's ask ourselves a good question. Has this news given a common Nigeria a better life? The answer is NO?

Na statistics we dey chop now

Along side its suffering

Propaganda!

The real measure is how much we owe. Its like owing 10 million but have 500k in the bank you can show people

LegendHero:
Source: https://nairametrics.com/2024/07/20/nigerias-external-reserve-has-risen-to-36-89-billion-cardoso/

Shikini:
Buhari handed down $35.09b to Thiefņubu in May 2023, so what's the big deal?

Can you tell us how much was handed over to buhari in 2015?

Bit by bit, we'll get there

External Reserve we you na suppose they use to encourage growth you na go dump am overseas..to think someone has a vault seating in London with 250billion dollars worth of Gold, make me think if the position of the Gold matters because it would still be hiding in the ground.

99thEnemy:
Jonathan should have known before starting the trend of using the foreign reserves for campaign and vote buying in (dollars).

Ah, so apc is just as bad as pdp then

Okay.

Shikini:
Buhari handed down $35.09b to Thiefņubu in May 2023, so what's the big deal?

Tinubu has over paid 7 billion USD back log


Verify

Shikini:
Buhari handed down $35.09b to Thiefņubu in May 2023, so what's the big deal?

The big deal is that the forex backlog that Buhari refused to settle has been settled while taking the reserves even higher. I know you don't understand what I just said so rest.

zombieHUNTER:


Can someone tell this incompetent propagandist that a tuber of yam is 10,000

I repeat 10k

I used to buy it 800 naira during Jonathan's tenure before Tinubu brought Buhari

The country is collapsing and they're spreading propaganda

Probably you bought that yam at #10k in Spain.

cucumbar:
see them…. Always searching with touch light for achievement and running to the media to announce what is supposed to be normal .

Foreign reserves increases by 10 dollars na achievement for this agbado country because nothing to show after more than one year in office.

Zero understanding.....

Only good in noise making....

nairalanda1:
Ah, so apc is just as bad as pdp then

Okay.

APC and PDP are one and the same.

are many of the people who were in PDP then not in APC now too?

Let politicians stop fooling you people that it’s about Party.

It’s not, It’s about the individual.

How does it translate to the living conditions of the citizens.
How has it impacted on the price of protein or carbohydrate?
We don't believe in theories, we want practical.

SenecaTheYonger:
It was like $43 billion at the start of this year.

How has it risen like this?

The highest it was at any point this year was $37bn.

LegendHero:
Let’s take it to $50billion.

Then we will have enough arsenal to control the forex narrative and stabilize the naira to a bearable level.

Bitter Obi, bring the hero beer, let us celebrate.

after four years I wonder wetin una go use campaign again
We will wait and see 🤣🤣🤣🤣
No be to dey call obi name all the time
2yrs will soon be down yet the lives of millions of Nigerians are still in miserable poverty and hunger..

You will eventually grow tired
When it's four years up and tunubu hasn't changed a thing

I wonder if una go still dey call obi name by then
Deluded miserable peasants

Ok invest
$15 Billion

$1 Billion in Agriculture

$1 Billion in Education

$1 Billion in Healthcare

$5 Billion in Entrepreneurship

$5 Billion on Security.

$2 Billion on Infrastructure


N.B

$1 Billion is equivalent to
₦1.5 Trillion.

LegendHero:
Source: https://nairametrics.com/2024/07/20/nigerias-external-reserve-has-risen-to-36-89-billion-cardoso/

So why is there no FX liquidity in the market? Because of truly reserves have risen it should impact on our exchange rates, interest rates should have reduced since.
Propaganda doesn't grow economy do you hear.

That's good for the country.

LegendHero:
Let’s take it to $50billion.

Then we will have enough arsenal to control the forex narrative and stabilize the naira to a bearable level.

Bitter Obi, bring the hero beer, let us celebrate.

Oga propaganda doesn't grow the economy. If it is $36b as you say, that would have since impacted on the exchange rates and reduced it because that would have ensured liquidity and supply in rhe market.
Once again propaganda doesn't grow economy just rest abeg

LegendHero:
He handed $35b with over $7bn backlog that Tinubu had to clear.

Try and answer my question. With $36b, the liquidity should have been high and supply would have been guaranteed, which would have reduced the exchange rate and the interest rate. But rhe rates are not going down. How can you reconcile this, when you claim the reserve has increased.