₦airaland Forum

Economy doing well, people doing badly...how do you people measure this "wellness"? Is it by having surplus money while people starve, trek everywhere, drop out of school and wear tattered clothes? I don't get it o

adenigga:
Source: https://dailypost.ng/N6.95-trillion-trade-surplus-record-shows-Nigerias-economy-doing-well-Presidency

Thunder fire you

Economy is doing well and there is hunger everywhere: bunch of narcissistic leaders, whose brains are turned upside down...

Who are those lying to Ashiwaju that everything is fine in the country?

God Almighty will punish them


Awon Oloriburuku jatijati....

This is exactly why Ngelale had to go. He seemed to not have the skillset required for the job. Nigeria's export has been exceeding imports since 2020 when Buhari closed the border but Tinubu is touting it like it just happened yesterday.

Onanuga cited the NBS report, noting that “although total merchandise trade in Q2 2024 stood at N31.89 trillion, a 3.76% decline compared to the preceding quarter (Q1 2024), it marked a 150.39% rise from the corresponding period in 2023.”

Can someone help us ask Onanuga the volume of trade instead of using currency value since we all know the exchange rate in Q2 2023 was an average of 400 to the dollar while today, we have 1600 to the dollar. That's a 400% devaluation yet your export value rose by just 150%. This actually shows a decline in real value.
Now to the real matter

The dominance of crude oil exports remains a key factor in this performance, contributing N14.56 trillion, or 74.98%, of total exports.

Can any of nairalanda1, grandstar or LegendHero explain this to me?
If we made N14trn in export value from crude alone in a quarter of 3 months, that's an average of 5trn per month. 60% of 14trn is 8.4trn which translates to average of 3trn per month. How come our faac in each of those months in the 2nd quarter never exceeded 1.5trn? Where's the rest of the money? You see why lies are bad now?

Crazy people,, economy us doing well and people are hungry n they keep borrowing money

Trade surplus.?....and the naira is depreciating everyday against the dollars and losing value...1670 naira to a dollar

Ori gbogbo won ti daru

Economy doing well.. fuel is 1300 per liter, 1680 naira to a dollar, Tinubu still borrowing money, nigerians lavishing in poverty, hunger, hardship, inflation, high costs of living, unemployment .. incompetent people in government

PotatoSalad:
Reforms that turned Cerelac to 20k
People now smell like onions as early as 7am cos antiperspirants that used to be 300 naira is now 5k.
Remember when garri, sugar and groundnuts was the cheapest food you could make.
Abi noodles.
Bread nko? Any bread that's less than 1k now is just chaff. Zero nutritional content.
People now buy half yam cos of "Reforms".

..... people smelling like onions?..see what Tinubu renewed shege hard economy has caused.. 🤣🤣🤣🤣🤣🤣🤣🤣

mjconcept:
Na statistics we go chop?

I agree with you on this.
•Why should a Create of an Egg cost N5,300., from N2,500,in 2023.
•Is Tinubu- govt not aware that People are not getting enough Food-Nutrition so that it may affect them in the next few years?
•How can basic Food Stuff be expensive ( Beans,Rice( 70k) ,Fish ,Cow Meat is no go Area,yet the Presidents and his Crew is telling us of Trade Surplus?

Ojuntana:

This is exactly why Ngelale had to go. He seemed to not have the skillset required for the job. Nigeria's export has been exceeding imports since 2020 when Buhari closed the border but Tinubu is touting it like it just happened yesterday.


Can someone help us ask Onanuga the volume of trade instead of using currency value since we all know the exchange rate in Q2 2023 was an average of 400 to the dollar while today, we have 1600 to the dollar. That's a 400% devaluation yet your export value rose by just 150%. This actually shows a decline in real value.
Now to the real matter

Can any of nairalanda1, grandstar or LegendHero explain this to me?
If we made N14trn in export value from crude alone in a quarter of 3 months, that's an average of 5trn per month. 60% of 14trn is 8.4trn which translates to average of 3trn per month. How come our faac in each of those months in the 2nd quarter never exceeded 1.5trn? Where's the rest of the money? You see why lies are bad now?

Little children don't deserve an answer.

Surplus ke ? Abi my eyes no dey see well again? Wetin den trade wey come surplus? Ok . Na suffering. Den get am right this time. Cos suffering plenty for to dey sell. Me sef kuku open stand for Gwagwalada dey sell suffering. After all I go dey get am free as come surplus.

Mugu....do you know if your Asiwaju of drug barons himself prefers to be lied to?

segun18:
Who are those lying to Ashiwaju that everything is fine in the country?

God Almighty will punish them


Awon Oloriburuku jatijati....

PotatoSalad:
People now smell like onions as early as 7am cos antiperspirants that used to be 300 naira is now 5k.

^^^
Ah



There is problem in this country.

My God! The propaganda is too much.

Can anybody deny that the inflation is too much?

Or are they not in this country?

LIES