₦airaland Forum

Argentina’s President Javier Milei will “surely” meet US counterpart Donald Trump on a visit to the United States Wednesday, a top Buenos Aires official told local media.

Milei’s trip comes as Argentina seeks a $20 billion loan from the International Monetary Fund (IMF) to replenish its central bank’s reserves.

The two leaders will receive awards for their “conservative values” during a ceremony at Trump’s Mar-a-Lago resort in Florida, Argentine Foreign Minister Gerardo Werthein told local news channel LN+ on Tuesday.

“We have nothing formally scheduled, but there will surely be a meeting,” Werthein said.

His policy of strict austerity slowed inflation considerably but failed to lift consumer spending.

The prospect of another IMF loan — $20 billion loan on top of the $44 billion it already owes — has caused a run on the peso, prompted by fears that the new deal could entail a possible devaluation which Milei has rebuffed.

Source: https://punchng.com/argentinas-milei-to-seek-20bn-imf-loan-during-us-visit/?amp

They will use it wisely unlike twin disasters of poo- hari and mandate thief that wasted billions of dollars on owambe and now the country is indebted for more than 180 trillion naira of foreign debt.. meaning that every Yoruba today born and unborn are shackled in bondage chains of foreign debt for money used for something they don’t know

rinzaugustine:
They will use it wisely unlike twin disasters of Buhari and mandate thief that wasted billions of dollars on owambe and now the country is indebted for more than 180 trillion naira of foreign debt

You be mugu.

Person wan collect almost $20bn to defend the country reserve and in few more years he will collect $20bn more coz this one go soon burn finish.

After he don borrow like $40bn, e go turn to a stage where IMF self no go fit risk borrow am again.

If Tinubu continue subsidy and borrow $20bn to defend naira, na same una go dey cry daily about loans. Who go even borrow Nigeria $20bn self.

LegendHero:
You be mugu.

Person wan collect almost $20bn to defend the country reserve and in few more years he will collect $20bn more coz this one go soon burn finish.

After he don borrow like $40bn, e go turn to a stage where IMF self no go fit risk borrow am again.

If Tinubu continue subsidy and borrow $20bn to defend naira, na same una go dey cry daily about loans. Who go even borrow Nigeria $20bn self.

You are actually the one who is dumb here for defending bolekaja policies the made the illegitimate government spend more than $10bn defending a currency they met at official rate of 400n-$1 and now naira have quadrupled in depreciation after the foolery but then I remembered why people keep calling una zero IQ

rinzaugustine:
You are actually the one who is dumb here for defending bolekaja policies the made the illegitimate government spend more than $10bn defending a currency they met at official rate of 400n-$1 and now naira have quadrupled in depreciation after the foolery but then I remembered why people keep calling una zero IQ

Lol how many Nigerians dey access the $ at N400? I send money home regularly, as at May 2023, na over N700+ we dey send am. Yet our FX net reserved was depleted to less than $4bn.

So how can Tinubu support FX with $8bn, pay almost $9bn in backlog, and still increase the net reserve from $3.99bn in 2023 to over $23bn in 2025? If you understand numbers, can you see how dumbb your statement sound?

As per the propaganda you posted, Na lie go wound you guys. You know what Rewane used to qualify people like you who purposely took him out of context and wrote that useless headline?

“Nothing in this world is more dangerous than sincere ignorance and conscientious stweepidity.”

Watch his video interview with Rotus below, he never claimd that nonsense you post in that context.


https://www.youtube.com/watch?v=557jiu2SQJQ

LegendHero:
Lol how many Nigerians dey access the $ at N400? I send money home regularly, as at May 2023, na over N700+ we dey send am. Yet our FX net reserved was depleted to less than $4bn.

So how can Tinubu support FX with $8bn, pay almost $9bn in backlog, and still increase the net reserve from $3.99bn in 2023 to over $23bn in 2025? If you understand numbers, can you see how dumbb your statement sound?

As per the propaganda you posted, Na lie go wound you guys. You know what Rewane used to qualify people like you who purposely took him out of context and wrote that useless headline?

“Nothing in this world is more dangerous than sincere ignorance and conscientious stweepidity.”

Watch his video interview with Rotus below, he never claimd that nonsense you post in that context.


https://www.youtube.com/watch?v=557jiu2SQJQ

Most importers had access to it at $400 and even a child is supposed to know that most of the things used in Nigeria are imported so imported had most access. Students, visitors and all overseas travelers had access to it at $400 and apart from these subsection of the society what would any other person outside this category need dollar for?

Who else have access to the CBN figures Gatusso is bandying except himself. Is this not the same CBN we all heard how from Anthony Ani to Emefiele of recent printed monies for themselves while dishing out same false information gatusso is dishing out today or do we go into the case of bunmi oni that was cooking up false figures for Cadbury investors back then and ended up swindling people of their money and you expect a sane person or an international investor to believe figures that have not been verified by any other source? You have more than $30bn and you are going abroad to beg for $1bn loan at very ridiculous interests rates that hurts you and expect a same mind to believe that ridiculous bolekaja junk ? Rewane case is normal , his case is not different. Anytime any person tries to say the truth the tribal corruptly depraved minds attack them to change their minds from truth. It happened to gani adams, olaiya igwe, Oni , awujale etc You must be joking or a clown seriously

rinzaugustine:
Most importers had access to it at $400 and even a child is supposed to know that most of the things used in Nigeria are imported so imported had most access. Students, visitors and all overseas travelers had access to it at $400 and apart from these subsection of the society what would any other person outside this category need dollar for?

Lol you are capping. You clearly don’t know jack about that forex system. Which student get access at $400? The form A wey you go submit and bankers won’t call you back in 6month and you had to even pay over 40% as bribe and in the end it will be better to buy at the black market.

Most of those importers that get FX official are cronies of CBN guys. They are not importing anything inside, they just get dollar at official market using the documentation then take it to black market to sell for profit.

You ever wondered why prices keep skyrocketing anytime dollar go up then? If they all get it at N400 why do you think the market respond mainly to black market price?

Who else have access to the CBN figures Gatusso is bandying except himself. Is this not the same CBN we all heard how from Anthony Ani to Emefiele of recent printed monies for themselves while dishing out same false information gatusso is dishing out today or do we go into the case of bunmi oni that was cooking up false figures for Cadbury investors back then and ended up swindling people of their money and you expect a sane person or an international investor to believe figures that have not been verified by any other source? You have more than $30bn and you are going abroad to beg for $1bn loan at very ridiculous interests rates that hurts you and expect a same mind to believe that ridiculous bolekaja junk ?
[quote]You don’t need Cardi B to tell you about the reserve, the stability alone should tell you what’s up. Naira have been stable for quite a while now and the parallel market difference is not even up to 5% profit. FX keep rising and we have mad liquidity currently.

You don’t even understand the concept of money and loan. You think reserve is there to blow it up or what?


[quote]Rewane case is normal , his case is not different. Anytime any person tries to say the truth the tribal corruptly depraved minds attack them to change their minds from truth. It happened to gani adams, olaiya igwe, Oni , awujale etc You must be joking or a clown seriously

Nope, Rewane is not someone like that. He is one of the guys that is close to people in power and still tell them the truth. His word was taken out of context and you can see in the video where he mentioned everything.

You can abuse Cardi B on anything but on this FX policy, he got it right.

rinzaugustine:
Most importers had access to it at $400 and even a child is supposed to know that most of the things used in Nigeria are imported so imported had most access. Students, visitors and all overseas travelers had access to it at $400 and apart from these subsection of the society what would any other person outside this category need dollar for?

Who else have access to the CBN figures Gatusso is bandying except himself. Is this not the same CBN we all heard how from Anthony Ani to Emefiele of recent printed monies for themselves while dishing out same false information gatusso is dishing out today or do we go into the case of bunmi oni that was cooking up false figures for Cadbury investors back then and ended up swindling people of their money and you expect a sane person or an international investor to believe figures that have not been verified by any other source? You have more than $30bn and you are going abroad to beg for $1bn loan at very ridiculous interests rates that hurts you and expect a same mind to believe that ridiculous bolekaja junk ? Rewane case is normal , his case is not different. Anytime any person tries to say the truth the tribal corruptly depraved minds attack them to change their minds from truth. It happened to gani adams, olaiya igwe, Oni , awujale etc You must be joking or a clown seriously

See this ignoramus ipob, the more they debunk your stupid lies and gossip tales with superior facts, the more you go back to cooking more senseless conspiracy theories that has no verifiable trace. When will you ipob losers understand that lies and propaganda will never win you an election. We have witnessed your Agulu fraud apologize for lying and misrepresenting facts several times, even deleting his tweets when being bursted. If your leader can lie shamelessly, how much more a bunch of empty headed supporters calling themselves headless mob.
Look at at how your changing the goalpost and rambling like a goat. So, if Nigeria has $30b net reserves, they should use it to build roads or railways or to pay salaries?, is that the purpose of a reserve?, Why are you bitter people so dumb?. USA has the highest reserves yet they are the most indebted country in the world, why can't you say they should use their reserves rather than borrow?. If Argentina secured this new tranches of loan, they will then overtake the US as the most indebted country in the world. This is the same Millei that Atiku and ignorant Obidients were once hailing but they don't know that he has plunged Argentina deeper into a hole than he met it despite cutting down costs and laying off lots of employees, thereby increasing the rate of unemployment. Imagine Tinubu trying to reduce cost by laying off workers in MDAs, it is you losers that will start wailing that Tinubu is taking jobs away from Nigerians making them jobless.

LegendHero:
Lol how many Nigerians dey access the $ at N400? I send money home regularly, as at May 2023, na over N700+ we dey send am. Yet our FX net reserved was depleted to less than $4bn.

So how can Tinubu support FX with $8bn, pay almost $9bn in backlog, and still increase the net reserve from $3.99bn in 2023 to over $23bn in 2025? If you understand numbers, can you see how dumbb your statement sound?

As per the propaganda you posted, Na lie go wound you guys. You know what Rewane used to qualify people like you who purposely took him out of context and wrote that useless headline?

“Nothing in this world is more dangerous than sincere ignorance and conscientious stweepidity.”

Watch his video interview with Rotus below, he never claimd that nonsense you post in that context.

Do you know how many headlines those headless mob have twisted and misinterpreted?. They are not the first person to lose an election in the history of this country but look at them behaving like mad people. Thinking because that statistics-cramming Illiterate that increased poverty rate in Anambra, lost an election therefore their world has ended.

Putindbutt:
Do you know how many headlines those headless mob have twisted and misinterpreted?. They are not the first person to lose an election in the history of this country but look at them behaving like mad people. Thinking because that statistics-cramming Illiterate that increased poverty rate in Anambra, lost an election therefore their world has ended.

No mind them. They are called “Edless” mob for a reason.

Their ranting only end online. In reality, they don’t amount to anything.

That Agulu fraud Obi will never be president.

Putindbutt:
See this ignoramus ipob, the more they debunk your stupid lies and gossip tales with superior facts, the more you go back to cooking more senseless conspiracy theories that has no verifiable trace. When will you ipob losers understand that lies and propaganda will never win you an election. We have witnessed your Agulu fraud apologize for lying and misrepresenting facts several times, even deleting his tweets when being bursted. If your leader can lie shamelessly, how much more a bunch of empty headed supporters calling themselves headless mob.
Look at at how your changing the goalpost and rambling like a goat. So, if Nigeria has $30b net reserves, they should use it to build roads or railways or to pay salaries?, is that the purpose of a reserve?, Why are you bitter people so dumb?. USA has the highest reserves yet they are the most indebted country in the world, why can't you say they should use their reserves rather than borrow?. If Argentina secured this new tranches of loan, they will then overtake the US as the most indebted country in the world. This is the same Millei that Atiku and ignorant Obidients were once hailing but they don't know that he has plunged Argentina deeper into a hole than he met it despite cutting down costs and laying off lots of employees, thereby increasing the rate of unemployment. Imagine Tinubu trying to reduce cost by laying off workers in MDAs, it is you losers that will start wailing that Tinubu is taking jobs away from Nigerians making them jobless.

you expect me to read this useless trash from an agbo seller?

LegendHero:
You be mugu.

Person wan collect almost $20bn to defend the country reserve and in few more years he will collect $20bn more coz this one go soon burn finish.

After he don borrow like $40bn, e go turn to a stage where IMF self no go fit risk borrow am again.

If Tinubu continue subsidy and borrow $20bn to defend naira, na same una go dey cry daily about loans. Who go even borrow Nigeria $20bn self.

Lmao I remember when I told you obi promise to collect lumps sum of 10 to 15 billion loan to float the naira u argued its impossible

When defending currency lump sum loan is the ultimate because it builds confidence... With that u devalue to a figure u can defend for 18 months to build confidence...
- you forget major infrastructure focus on human capital investment especially important substitutes and export oriented businesses

Only a fool would focus on infrastructure when trying to stabilize the economy


APC refused to build confidence, used money to invest in human capital investment to build feel good infrastructure AKA legacy projects
- continue to pay subsidy in petrol and power

Then turn around to ask why it failed

rinzaugustine:
you expect me to read this useless trash from an agbo seller?

Look at a smelly akpu seller talking

You wan justify Nigeria's stand, forgetting we have different backgrounds.

MEEVEET:
Lmao I remember when I told you obi promise to collect lumps sum of 10 to 15 billion loan to float the naira u argued its impossible

When defending currency lump sum loan is the ultimate because it builds confidence... With that u devalue to a figure u can defend for 18 months to build confidence...
- you forget major infrastructure focus on human capital investment especially important substitutes and export oriented businesses

Only a fool would focus on infrastructure when trying to stabilize the economy


APC refused to build confidence, used money to invest in human capital investment to build feel good infrastructure AKA legacy projects
- continue to pay subsidy in petrol and power

Then turn around to ask why it failed

This one is even dumber than Obi, who will borrow you $10 billion lump sum?, An African country for that matter. With 97% revenue for debt servicing, you are borrowing to pay for subsidy and $3b reserves?, where creditors no dey gree borrow you money again. It got to a point that even China refused to give us fresh loan. Is this what will give you $10-15 billion lump sum loan?, like Obi's father is the owner of World bank and IMF?, these zombidients sha. You even think you can compare yourself to Argentina that's literally like a protectorate to the US.

Putindbutt:
This one is even dumber than Obi, who will borrow you $10 billion lump sum?, An African country for that matter. With 97% revenue for debt servicing, you are borrowing to pay for subsidy and $3b reserves?, where creditors no dey gree borrow you money again. It got to a point that even China refused to give us fresh loan. Is this what will give you $10-15 billion lump sum loan?, like Obi's father is the owner of World bank and IMF?, these zombidients sha. You even think you can compare yourself to Argentina that's literally like a protectorate to the US.

Who has borrowed Tinubu the over 10 billion he has borrowed in 2 years? ... Man said he had the connection to get us 10 to 15 billion dollars loan... How's that my business

Tinubu have taken over 10 billion dollars loan achieved nothing with it... 7.7 trillion in subsidies yet petrol is ₦1000

8 billion dollars to defend naira yet it's ₦1500 to a dollar...

Some of you are funny 🤣

MEEVEET:
Who has borrowed Tinubu the over 10 billion he has borrowed in 2 years? ... Man said he had the connection to get us 10 to 15 billion dollars loan... How's that my business

Tinubu have taken over 10 billion dollars loan achieved nothing with it... 7.7 trillion in subsidies yet petrol is ₦1000

8 billion dollars to defend naira yet it's ₦1500 to a dollar...

Some of you are funny 🤣

Show us your proof Tinubu borrowed over $10 billion, no come here with Agulu beer parlour gossips.
The man told you he has connection where? , na he papa get world bank? . That's how he be giving them lamba and these ignorant people go dey believe am. He has connection yet Anambra monorail died as MoU . God I beg

This country has been on IMF support for decades

Putindbutt:
Look at a smelly akpu seller talking

dirty poverty stricken tribal marks scarified face broomstick bleached legs dumb agbo hawker

rinzaugustine:
dirty poverty stricken tribal marks scarified face broomstick bleached legs dumb agbo hawker

You really described your mother, Lol

Whereas, Tinubu is growing the foreign reserves.

How does it concern Nigerians?!

Make Tinubu go apply for $100b loan.

I suspect that Argentina sent one of those hot Latina chicks with big breasts to the IMF president, after sucking breasts the guy forgot himself and signed off on this loan

IMF destroying economy since 1888

The loan will come with wicked conditions

All this things no dey add up Aje 👀🌑

MEEVEET:
Lmao I remember when I told you obi promise to collect lumps sum of 10 to 15 billion loan to float the naira u argued its impossible

When defending currency lump sum loan is the ultimate because it builds confidence... With that u devalue to a figure u can defend for 18 months to build confidence...
- you forget major infrastructure focus on human capital investment especially important substitutes and export oriented businesses

Only a fool would focus on infrastructure when trying to stabilize the economy


APC refused to build confidence, used money to invest in human capital investment to build feel good infrastructure AKA legacy projects
- continue to pay subsidy in petrol and power

Then turn around to ask why it failed

I don't think you sucked breast when you were a baby otherwise you will not be typing this nonsense voodoo economics.

Which organisation will give you a loan of 10 billion to defend a currency whose value is artificially inflated in an economy that does not export anything tangible apart from crude oil?!

Putindbutt:
You really described your mother, Lol

correct I just described your mother only forgot to add her bleached tribal marks scarified face lol

It's the best oh, so far it's not Tinubu. Tinubu is doing nothing increasing reserves from Net $3billion to almost net $30 billion in 2 years. We want Obi who said he'd borrow more like Argentina.

LegendHero:
You be mugu.

Person wan collect almost $20bn to defend the country reserve and in few more years he will collect $20bn more coz this one go soon burn finish.

After he don borrow like $40bn, e go turn to a stage where IMF self no go fit risk borrow am again.

If Tinubu continue subsidy and borrow $20bn to defend naira, na same una go dey cry daily about loans. Who go even borrow Nigeria $20bn self.

Do these people have brains?