₦airaland Forum

Blazetrailer:
Lol!.....kai! Lord have mercy!! Nairaland!!!! What will I not see??...

The World Bank website holds all economic statistics for all nations including GDP, money supply, balance of trade, inflation rates, foreign reserves, external and domestic debts, trade volume, GDP to debt ratio, etc.

It is for all statistics. Just like Economist magazine website, CIA Country statistics, IMF website, WTO website, AfDB,EU global economy statistics, etc, hold all economic statistics irrespective of whether they traded with you or not. Those websites I have listed are considered credible globally and those are the places I get my data from since I did my graduate studies research work many years back(I dont use all those your propaganda driven sites like Nairametrics Bloomberg or any other uselesss ones)

The fact that your brain went straight to the amount of loan owed to World Bank alone as the only one on that website showed that you lack basic cognitive requirement and the exposure to engage in any intellectual discussion on economics.

Your post below is askin to stating that because Nigeria only have less than $4bn loan with AfDB, they will only record that amount($4bn) when they are reporting Nigeria's external debt portfolio...lol...or saying because we dont sell as much to EU as we do to Asia and America, when they are reporting Nigeria's total balalance of trade or total exports, they will only limit it to the volune of exoorts we do to Europe....

Furthermore, if you were intelligent enough, you should have known that Nigeria does not owe as much as $120bn to World Bank alone as at today. So how did you assume all of that were owed to WB alone?

I have serious doubt you know how to navigate these websites I have liste or have had any course to visit or use credible sources of sttistics in your life. You must be getting your economic updates from TVC station and Pilot newspaper.

One by one, we will push out those of you that never went to school and are coming to Nairaland to disgrace yourelves.

The definition of ignoramus is someone who knows not, does not know he knows not but brazenly displays that he knows nothing publicly.

You are the ignoramus here...lol

Really All these stories/unncecessary research just because you are NOT aware of the concept called DEBT SERVICE

Debt service takes 60% of our revenue and is a major component of our budget. Do you think we pay it in Naira

You dull gan o

Ignoramus!

Lol....super daft,empty and a liar.

I thought he even had basic knowledge. According to records debt servicing is 35.4% of 2025 approved budget. Where did you get 60% from?? These are people who don't know anything or dropped out
from school but come online to fabricate lies just to get paid stipends.

Question was not even the currency they pay the foreign debts or meaning of debt servicing....but that the recent depletion of the foreing reserve was not for debt repayment nor servicing.

You can see your life outside. After being caught telling lies and assuming that the only data in world bank's wensite was for Worldbank only....here you are telling lies and twisting things too...olodo!

Now that you have learnt a few things from me...just say "Thank you sir" and disappear from the thread quietly or change your username like some have done recently because you have been marked as an unintelligent poster and a liar.

Look into the mirror....you should be seeing a blinking ass.....that is you...the true ignoramus.

galserv:
Really All these stories/unncecessary research just because you are NOT aware of the concept called DEBT SERVICE

Debt service takes 60% of our revenue and is a major component of our budget. Do you think we pay it in Naira

You dull gan o

Ignoramus!

Yes debt service is in usd and is a high percentage of revenue.. but that exactly is the problem .. after the debt servicing what we have left is not so much for imports of which we import a lot.. and thats what causes pressure on the rate... if u dont tackle the fundamentals of increasing usd inflow or reducing usd outflow, the rate will do that for you by going upwards, consequently reducing the demand

galserv:
Really All these stories/unncecessary research just because you are NOT aware of the concept called DEBT SERVICE

Debt service takes 60% of our revenue and is a major component of our budget. Do you think we pay it in Naira

You dull gan o

Ignoramus!

Blazetrailer:
Lol....super daft,empty and a liar.

I thought he even had basic knowledge. According to records debt servicing is 35.4% of 2025 approved budget. Where did you get 60% from?? These are people who don't know anything or dropped out
from school but come online to fabricate lies just to get paid stipends.

Question was not even the currency they pay the foreign debts or meaning of debt servicing....but that the recent depletion of the foreing reserve was not for debt repayment nor servicing.

You can see your life outside. After being caught telling lies and assuming that the only data in world bank's wensite was for Worldbank only....here you are telling lies and twisting things too...olodo!

Now that you have learnt a few things from me...just say "Thank you sir" and disappear from the thread quietly or change your username like some have done recently because you have been marked as an unintelligent poster and a liar.

Look into the mirror....you should be seeing a blinking ass.....that is you...the true ignoramus.

35% for where Are you a dull*rd Debt service used be nearly 100% during Buhari's era. Tinubu just managed to bring it down to 60%.

The fact is that the depletion of forex reserves is not due to defending the Naira but the fact that we have obligations to meet - debt service. That is my point from the onset.

CBN sells between 25million - 55million dollars per week to BDCs. That's not enough to deplete our reserves.

Ignoramus!

being:
Yes debt service is in usd and is a high percentage of revenue.. but that exactly is the problem .. after the debt servicing what we have left is not so much for imports of which we import a lot.. and thats what causes pressure on the rate... if u dont tackle the fundamentals of increasing usd inflow or reducing usd outflow, the rate will do that for you by going upwards, consequently reducing the demand

Correct!

Now I know you are complete buffoon ans a lost soul... 😆 🤣

1. In your earlier post(go and read it), you claimed Nigeria used to spend 96% of its BUDGET on debt service, while in actual fact, it was N3.8 trillion, representing 22% of the N7.trillion budget. For 2025 budget, Tinubu is spending 35% of the entire budget on debt servicing

2. In 2022 Nigeria spent 96.3% of its total REVENUE(not budget) on debt servicing whereas in 2023 it was 80.7% and 68% in 2024

Now see where your buffonery started from? In your characteristic dumbness, you had mixed up the BUDGET for REVENUE. Someone who does not know the difference between revenue and budget should not be having access to cheap data.

By the way, in your warped buffonery,you think when they say CBN is defending the nairal,it is just about what they sell to the BDCs 😆 🤣 . So when Japan and Brazil intervened to defend their currencies with ove $22bn in recent time, it was ehat they sold to their black market? I said it. You are too dull to have a phone ans access to cheao data..lol

No wonder you dont know the difference between Revenue and Budget.

galserv:
35% for where Are you a dull*rd Debt service used be nearly 100% during Buhari's era. Tinubu just managed to bring it down to 60%.

The fact is that the depletion of forex reserves is not due to defending the Naira but the fact that we have obligations to meet - debt service. That is my point from the onset.

CBN sells between 25million - 55million dollars per week to BDCs. That's not enough to deplete our reserves.

Ignoramus!

Blazetrailer:
Now I know you are complete buffoon ans a lost soul... 😆 🤣

1. In your earlier post(go and read it), you claimed Nigeria used to spend 96% of its BUDGET on debt service, while in actual fact, it was N3.8 trillion, representing 22% of the N7.trillion budget. For 2025 budget, Tinubu is spending 35% of the entire budget on debt servicing

2. In 2022 Nigeria spent 96.3% of its total REVENUE(not budget) on debt servicing whereas in 2023 it was 80.7% and 68% in 2024

Now see where your buffonery started from? In your characteristic dumbness, you had mixed up the BUDGET for REVENUE. Someone who does not know the difference between revenue and budget should not be having access to cheap data.

By the way, in your warped buffonery,you think when they say CBN is defending the nairal,it is just about what they sell to the BDCs 😆 🤣 . So when Japan and Brazil intervened to defend their currencies with ove $22bn in recent time, it was ehat they sold to their black market? I said it. You are too dull to have a phone ans access to cheao data..lol

No wonder you dont know the difference between Revenue and Budget.

You are just being a bold l*natic!!!

I said 60% of our REVENUE went to DEBT SERVICING and that a significant part of our BUDGET goes to debt servicing too. Why are you trying so hard to twist my points Below is my post again:

galserv:
Really All these stories/unncecessary research just because you are NOT aware of the concept called DEBT SERVICE

Debt service takes 60% of our revenue and is a major component of our budget. Do you think we pay it in Naira

You dull gan o

Ignoramus!

I am not doing any research to answer you. No time! I know all these from following the news everyday unlike you that is doing research upon research just to appear smart.

What is defending the Naira if not making it readily available in the market at a regulated price And how do you do that if you are not selling to banks and BDCs

Yemi Cardoso keeps coming out to say that our reserves getting depleted by our foreign obligations yet muntulas like you think you know better.

Ignoramus!!!

😆 🤣....not disappointed again.....expected

when you know you are buffoon and you dont have capacity to research, why will you not accept what Yemi Cardoso says hook line and sinker without fact checking?. There have been reports from credible sources(AP/Reuters) that Nigeria was propping up the value of the naira, even before Bismark Rewane revealed the truth recently that $8bn has been spent to defend naira...was all of that sold to BFCs?

You will only believe the rubbish thay comes from government sources if you dont have the capacity to think on your own.....mumu. Wale Edun came out last year to state the Nigeria eas not paying a dim for petrol subsidy only for him to defend a budget of N7trillion for paying NNPCL as "augmentation fees" at them national assembly. Those are your masters.

Again, you misquoted. Rveneue is completelt different from budget. Separate the two when analysing.

Anamu!!

galserv:
You are just being a bold l*natic!!!

I said 60% of our REVENUE went to DEBT SERVICING and that a significant part of our BUDGET goes to debt servicing too. Why are you trying so hard to twist my points Below is my post again:



I am not doing any research to answer you. No time! I know all these from following the news everyday unlike you that is doing research upon research just to appear smart.

What is defending the Naira if not making it readily available in the market at a regulated price And how do you do that if you are not selling to banks and BDCs

Yemi Cardoso keeps coming out to say that our reserves getting depleted by our foreign obligations yet muntulas like you think you know better.

Ignoramus!!!

Blazetrailer:
😆 🤣....not disappointed again.....expected

when you know you are buffoon and you dont have capacity to research, why will you not accept what Yemi Cardoso says hook line and sinker without fact checking?. There have been reports from credible sources(AP/Reuters) that Nigeria was propping up the value of the naira, even before Bismark Rewane revealed the truth recently that $8bn has been spent to defend naira...was all of that sold to BFCs?

You will only believe the rubbish thay comes from government sources if you dont have the capacity to think on your own.....mumu. Wale Edun came out last year to state the Nigeria eas not paying a dim for petrol subsidy only for him to defend a budget of N7trillion for paying NNPCL as "augmentation fees" at them national assembly. Those are your masters.

Again, you misquoted. Rveneue is completelt different from budget. Separate the two when analysing.

Anamu!!

Olod*! Screaming to high heavens won't stop it from showing.

Again, I NEVER mistook revenue for budget. I have been correct all along with my figures. My point remains that debt-servicing is responsible for the depletion of our reserves rather than Naira defence.

galserv:
Really All these stories/unncecessary research just because you are NOT aware of the concept called DEBT SERVICE

Debt service takes 60% of our revenue and is a major component of our budget. Do you think we pay it in Naira

You dull gan o

Ignoramus!

Indeed, there was NO SUBSIDY OF PETROL when FG claimed there was none. What we had was SUBSIDY OF THE DOLLAR in the NNPC. As soon the Naira was devalued in the NNPC, the true cost of petroleum products was revealed which is what we have today.
Now say thank you for that enlightenment. Ignoramus

You are too small to make do research and waste my time. I am busy online doing the needful so that Naira value favours be anyways

I would rather go with Cardoso, the CBN governor, than you, Rewane and other sore-losing dull*rdss.

😆 🤣 😂.....do you even read what you posts?

Even a primary school kid will not attempt the mumbo jumbo you typed below....is everything alright with you upstairs?

....There was no subsidy....but when naira was devalued....the dollar in NNPC.....bla..bla..bla!! Oponu!!!!

I have seen many serious dimwits on Nairaland..... this your own is on another level .....much higher... 😆

E ma gbami keh!!

galserv:
Olod*! Screaming to high heavens won't stop it from showing.

Again, I NEVER mistook revenue for budget. I have been correct all along with my figures. My point remains that debt-servicing is responsible for the depletion of our reserves rather than Naira defence.



Indeed, there was NO SUBSIDY OF PETROL when FG claimed there was none. What we had was SUBSIDY OF THE DOLLAR in the NNPC. As soon the Naira was devalued in the NNPC, the true cost of petroleum products was revealed which is what we have today.
Now say thank you for that enlightenment. Ignoramus

You are too small to make do research and waste my time. I am busy online doing the needful so that Naira value favours be anyways

I would rather go with Cardoso, the CBN governor, than you, Rewane and other sore-losing dull*rdss.

Blazetrailer:
😆 🤣 😂.....do you even read what you posts?

Even a primary school kid will not attempt the mumbo jumbo you typed below....is everything alright with you upstairs?

....There was no subsidy....but when naira was devalued....the dollar in NNPC.....bla..bla..bla!! Oponu!!!!

I have seen many serious dimwits on Nairaland..... this your own is on another level .....much higher... 😆

E ma gbami keh!!

Od*!

Now you have started sounding incoherent. Just accept that you lost this one

Ignoramus!!

😆....seriously did you read what you posted again?.... and you are proud of that gibberish? You call that nonsense knowledge?


.....truly, thwre was no subsisy...but when they devalued the currency.....NNPC now needed to inport....bla bla bla !!! ...lol...


God have mercy!! Where you come from? Togo?

galserv:
Od*!

Now you have started sounding incoherent. Just accept that you lost this one

Ignoramus!!

Blazetrailer:
😆....seriously did you read what you posted again?.... and you are proud of that gibberish? You call that nonsense knowledge?


.....truly, thwre was no subsisy...but when they devalued the currency.....NNPC now needed to inport....bla bla bla !!! ...lol...


God have mercy!! Where you come from? Togo?

Od*!

Come clean. What don't you understand? Let me break it down for you.

Ignoramus!!

Just repeat everything here again....just attempt it....for another round of laughter...lol

galserv:
Od*!

Come clean. What don't you understand? Let me break it down for you.

Ignoramus!!

Blazetrailer:
Just repeat everything here again....just attempt it....for another round of laughter...lol

Olod*! Rest!!

Rest keh! 😆 🤣.....after all these years of trying to find a mascot of mumu up with one daft poster that has been soiling Nairaland's image with his buffoonery and we suddenly found you and you think we will let go easiky? Mbah!...ko joh!!

Bia, come back here. Come and explain again....how the government said there was no fuel subsidy and after the devaluation of Naira the government now started to pay fuel subsidy to NNPCL again....abi? as you explained earlier. 😆 🤣

Me, rest on this matter? Na lie....you must let us know where you learnt your own mumu economics from

galserv:
Olod*! Rest!!

Blazetrailer:
Rest keh! 😆 🤣.....after all these years of trying to find a mascot of mumu up with one daft poster that has been soiling Nairaland's image with his buffoonery and we suddenly found you and you think we will let go easiky? Mbah!...ko joh!!

Bia, come back here. Come and explain again....how the government said there was no fuel subsidy and after the devaluation of Naira the government now started to pay fuel subsidy to NNPCL again....abi? as you explained earlier. 😆 🤣

Me, rest on this matter? Na lie....you must let us know where you learnt your own mumu economics from

Od*! It seems you are idle.

I am usually, when I see a top idiot pretending to himself like he knows something, for entertainment value only.

Bia, I have a question for you,. Why have you refused to spill out that your gibberish( that the devakuation made the Fed government go back to augmenting for or paying NNPC, after removal of subsidy)?

I want to laugh a little this afternoon....oponu agabalagba!

galserv:
Od*! It seems you are idle.

Blazetrailer:
I am usually, when I see a top idiot pretending to himself like he knows something, for entertainment value only.

Bia, I have a question for you,. Why have you refused to spill out that your gibberish( that the devakuation made the Fed government go back to augmenting for or paying NNPC, after removal of subsidy)?

I want to laugh a little this afternoon....oponu agabalagba!

Olod*! Ignoramus!!

Mumu.... 😆

He is careful not to disgrace himself again, hence he does not want regurgitate his daft suppositions on subsidy and decaluation of naira again.Oponu!!

Anyways, I shouldn't have expected much from someone who could muddle up Budget and rlRevenue in one simple.lime of thought...

You must be a retard in real life.... 😆 🤣

galserv:
Olod*! Ignoramus!!

Blazetrailer:
Mumu.... 😆

He is careful not to disgrace himself again, hence he does not want regurgitate his daft suppositions on subsidy and decaluation of naira again.Oponu!!

Anyways, I shouldn't have expected much from someone who could muddle up Budget and rlRevenue in one simple.lime of thought...

You must be a retard in real life.... 😆 🤣

Olod*! Revel in your ignorance!! Ignoramaus!!!

Naah! Check my posts in Nairaland or any social media forum, I write and people read, speak and people listen.

You are daft seh! Ho and eead what you wrote again, this time when you are sober, and come back here to let us know whether you will not be chased out from where intellectuals gather.....mugu!

galserv:
Olod*! Revel in your ignorance!! Ignoramaus!!!

Blazetrailer:
Naah! Check my posts in Nairaland or any social media forum, I write and people read, speak and people listen.

You are daft seh! Ho and eead what you wrote again, this time when you are sober, and come back here to let us know whether you will not be chased out from where intellectuals gather.....mugu!

Olod* NL 'intellectual'. What is pursuing you

Ignoramus!!

Lol...straws...straws... daft leaving out important issues and chasing straws

Can you repeat the gibberish you typed out earlier on NNPC and subssidy....we want to laugh small.. 😆 🤣 😂

Someone who could not differentiate between a Budget and a revenue... lol... olodo gba

galserv:
Olod* NL 'intellectual'. What is pursuing you

Ignoramus!!

Blazetrailer:
Lol...straws...straws... daft leaving out important issues and chasing straws

Can you repeat the gibberish you typed out earlier on NNPC and subssidy....we want to laugh small.. 😆 🤣 😂

Someone who could not differentiate between a Budget and a revenue... lol... olodo gba

Jobless od*!

Ignoramus!!

😆.....i found the king of buffoons on Nairaland l...I will press the neck till it breaks.

....you are an entertainer for me....a clown with no reverence other than to laugh at...a Jabroni....someone to laugh at with utmost contempt

Olodo!

galserv:
Jobless od*!

Ignoramus!!

Blazetrailer:
😆.....i found the king of buffoons on Nairaland l...I will press the neck till it breaks.

....you are an entertainer for me....a clown with no reverence other than to laugh at...a Jabroni....someone to laugh at with utmost contempt

Olodo!

Od*! Go and make something out of your life.

Ignoramus!!

Lol....Jabroni....in this life, you can not and will never get close to half of my accomplishments and success. Maybe in another one, but this one? naah.! Impossible

Back to the main issue, how come you're so retarded and people close to tou have never thought it necessary to bring it to your attention so you stop disgracing them publicly like you have been doing here? 😆 🤣

galserv:
Od*! Go and make something out of your life.

Ignoramus!!

Blazetrailer:
Lol....Jabroni....in this life, you can not and will never get close to half of my accomplishments and success. Maybe in another one, but this one? naah.! Impossible

Back to the main issue, how come you're so retarded and people close to tou have never thought it necessary to bring it to your attention so you stop disgracing them publicly like you have been doing here? 😆 🤣

You are a dull*rd! Stop taking yourself too serious Now go back to work.

Ignoramus!!

Lol...Jabroni....you are assuming too much about yourself....

Lets stay on topic....can you explain again...why the governmnet went back to paying subsidy of N7.7 trillion to NNPC? I want to laugh a bit this morning 😆

Clown!! Google Jabroni....and look at yourself in the mirror...olodo!!

galserv:
You are a dull*rd! Stop taking yourself too serious Now go back to work.

Ignoramus!!

Blazetrailer:
Lol...Jabroni....you are assuming too much about yourself....

Lets stay on topic....can you explain again...why the governmnet went back to paying subsidy of N7.7 trillion to NNPC? I want to laugh a bit this morning 😆

Clown!! Google Jabroni....and look at yourself in the mirror...olodo!!

You are a dull*rd! You cannot understand. Mr Nightworker

Ignoramus!!

😆.....keep speculating. It iis a trait of Jabronis.

Back to the main issue.....can you repost that sputum your gorged out of your decayed gray matter regarding why your government os payong N7.7trillion subsidy again? I want to 😃

Jabroni!!!

galserv:
You are a dull*rd! You cannot understand. Mr Nightworker

Ignoramus!!