₦airaland Forum

mrvitalis:
I have oga

Akwa Ibom is a state that keeps proving infrastructure doesn't build an economy

From where is the money for the infrastructure provided by the Akwa Ibom state government coming from? Answer = Tax. So, what are you saying?

Okbaba:
Nigeria earns (sell oil) in Dollars and pay salaries and allocations in Naira.
Example:
When exchange rate was N150/$ and brent @ $75/barrel
1,000,000 barrels x $75 = $75,000,000=>75,000,000x150=N11.25 billion
Same no. of barrel (1000000) at the same price $75 but devalued exchange rate of 1500/$
1,000,000 barrels x $75 = $75,000,000=>75,000.000x1500=N112.5 billion
in the example above; at the exchange rate of 150/$ govt earns 11.25billion and pay 30000 as salary but at the exchange rate of 1500 govt earns 112.5billion (10 times more) while paying salary of 70000 (2 times more).
How does it affect you:
When exchange rate was 150/$ you will buy (import) a $100 phone at 15k but with devalued rate of 1500, the same $100 phone is now being bought (imported) at 150k (10 time more costly)
That is how govt is making you poorer. So when next you sing "on your mandate..." let your conscience judge you.
However, the situation would have been better if govt had put the excess fun to judicious use by investing in production, etc; order than this reckless looting we are witnessing.

Maybe they did not tell you that Nigeria have increased oil output under this govt ,so how revenue be the same thing ? Maybe they did not tell you that Nigeria have trade surplus from other non oil sector. revenue greatly increased from these not all this devaluation of naira

Thank you to President Bola Ahmed Tinubu.. gradually, we'll borrow no more ...

mrvitalis:
So why haven't out revenue grown since APC started building infrastructure

Someone of you can't learn

Total external debt stands at $43.03 billion (₦66.14 trillion), exhibiting an upward trend. The debt-to-GDP ratio remains stable at 23.14%. Foreign reserves have significantly increased to over $23 billion, a substantial improvement from $3.99 billion in 2023. The debt service ratio has improved, decreasing from 92% to 68%. Debt servicing costs totaled $5.47 billion from January 2024 to February 2025, a figure that remains substantial. All debt obligations have been met, indicating a positive repayment status. However, the data reveals a concerning dependence on borrowing. While the situation is currently manageable, the long-term sustainability presents a mixed outlook.

Considering the provided data, if revenue is not increasing, how can the percentage of revenue allocated to debt servicing be decreasing? Furthermore, what accounts for the net improvement observed in external reserves?

loffyloffy:
Total external debt stands at $43.03 billion (₦66.14 trillion), exhibiting an upward trend. The debt-to-GDP ratio remains stable at 23.14%. Foreign reserves have significantly increased to over $23 billion, a substantial improvement from $3.99 billion in 2023. The debt service ratio has improved, decreasing from 92% to 68%. Debt servicing costs totaled $5.47 billion from January 2024 to February 2025, a figure that remains substantial. All debt obligations have been met, indicating a positive repayment status. However, the data reveals a concerning dependence on borrowing. While the situation is currently manageable, the long-term sustainability presents a mixed outlook.

Considering the provided data, if revenue is not increasing, how can the percentage of revenue allocated to debt servicing be decreasing? Furthermore, what accounts for the net improvement observed in external reserves?

Lol 🤣🤣🤣 debt restructuring

Burob:
What do u expect from a young lazy lad waiting for an old druggie to come & help him make his life better, since the task was too much for mummy & daddy?

You just open ur mouth and words rather rubbish starts coming out of it.. do u think it's everyone u see here dat is poor or broke? Some of us here are doing very well. Some have children already in secondary school. So don't comment any how on people's post ok? Except if u know them and you know their financial status. Anyway just take care.

mrvitalis:
Lol 🤣🤣🤣 debt restructuring

That my friend, is your opinion.

What is clear is that we have a had working govt, that is deliberate in its attempt to improve the Nigerian economy.

lildush:
You just open ur mouth and words rather rubbish starts coming out of it.. do u think it's everyone u see here dat is poor or broke? Some of us here are doing very well. Some have children already in secondary school. So don't comment any how on people's post ok? Except if u know them and you know their financial status. Anyway just take care.

Please shut up, who are u by the way?

Identify yourself.

Burob:
Please shut up, who are u by the way?

Identify yourself.

For making this statement. I have nothing to say to u. It obvious that u are still a child. So take care. Go learn some manners.

123yes:
I did not see Nigeria on the list. Thanks to baba Tinubu.

Go and look for World Bank list.
ZB.com

lildush:
For making this statement. I have nothing to say to u. It obvious that u are still a child. So take care. Go learn some manners.

Good night.

[quote author=Burob post=134852606]Good night. [/quote


]🤜🤛

obyno82:
Oga why not just shut up

How phoolis can you be kid

77up:
How phoolis can you be kid

You are also phoolis kid