CBN Announces $6.83 Billion Surplus For 2024 Financial Year - Politics (2)

CBN Announces $6.83 Billion Surplus For 2024 Financial Year - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › CBN Announces $6.83 Billion Surplus For 2024 Financial Year (5468 Views)

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Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Fujiyama: 5:49pm On Apr 09, 2025

zero8zero:
The problem with you wailers is not you're just a crying robot with no mental capacities.

^^^
Make your point without these unnecessary insults. What are you trying so say?

zero8zero:
You guys always talk as if debts is a crime. New York state budget is $229b while its debt is up to $180b. You guys are bunch of Illiterates.

^^^
Yet more insults.

In the midst of all that name calling, you have finally said something about the main topic - but it doesn't have any merit. You mention the debt of a US sub-national government? Of course it can afford to borrow heavily - the US federal government issues the world's reserve currency. Why not ask Ekiti, Ebonyi or Zamfara state to borrow similar amounts? undecided

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by zero8zero(m): 5:55pm On Apr 09, 2025

Fujiyama:
^^^
Make your point without these unnecessary insults. What are you trying so say?

^^^
Yet more insults.

In the midst of all that name calling, you have finally said something about the main topic - but it doesn't have any merit. You mention the debt of a US sub-national government? Of course it can afford to borrow heavily - the US federal government issues the world's reserve currency. Why not ask Ekiti, Ebonyi or Zamfara state to borrow similar amounts?

Another crying robot, are these states not already indebted?.

1 Like

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by spiSeyi: 5:56pm On Apr 09, 2025

TimmyA:
And the surplus has been embezzled

Ogbeni be calming down I am not also a fan of PBAT but CBN did well on this, and the problem with PBAT is that he has good policies with long-term gain but lacks effective short term goals and objectives which is not good for development, and might jeopardize the long-term gain of his policies.

1 Like

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Agbegbaorogboye: 6:02pm On Apr 09, 2025

How is trade surplus exactly a new thing in Nigeria

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Fujiyama: 6:15pm On Apr 09, 2025

zero8zero:
Another crying robot, are these states not already indebted?.

^^^
The econ/finance threads are clearly above you. Stick to politics - your inadequacies are better masked there.

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by koning: 6:26pm On Apr 09, 2025

Dividends of fuel subsidy removal.

They should use it to bring down the price of foodstuffs and encourage Dangote to sell fuel for N500 or less a liter.

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by allthingsgood: 6:31pm On Apr 09, 2025

Kelklein:
Trade surplus means what you exported (and was paid for) is higher than what you imported (and you paid for).. it's technically money in the bank, Mr Economist

Oversabi people they will be teaching you but you keep arguing
Its not Nigerian State trading, the trade is mostly commodities exported by private individuals and enterprises. Its the private sector that exports. Nigerian government produces and exports nothing. Even the crude produced is by private entities like NNPC, Shell etc. Nigerian govt only gets royalties and taxes. You just like arguing blindly.

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Tolu2024(m): 6:34pm On Apr 09, 2025

They should keep lying to the Ronus because only them believe all this lies and propaganda. The most educated people in Nigeria now useless because of supporting worse government.

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by zero8zero(m): 6:38pm On Apr 09, 2025

Fujiyama:
^^^
The econ/finance threads are clearly above you. Stick to politics - your inadequacies are better masked there.

You go wail tire.

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Fujiyama: 6:41pm On Apr 09, 2025

zero8zero:
You go wail tire.

^^^
Like I said, avoid the econ/finance threads. You are hopelessly, irredeemably out of your depth on such threads.

Stick to the threads where words like 'tribe', 'region' etc. are common and you will find your peace there.

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by saysoo: 6:43pm On Apr 09, 2025

zero8zero:
The problem with you wailers is not you're just a crying robot with no mental capacities. You guys always talk as if debts is a crime. New York state budget is $229b while its debt is up to $180b. You guys are bunch of Illiterates.

And you do not see the standard of living for the New Yorkers?. Abi infrastructure, health care, manufacturing etc.

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Believeintruth: 6:48pm On Apr 09, 2025

zero8zero:
The problem with you wailers is not you're just a crying robot with no mental capacities. You guys always talk as if debts is a crime. New York state budget is $229b while its debt is up to $180b. You guys are bunch of Illiterates.

Iga you don't have sense walahi. It is not rocket science to see that demand has dropped and it has forced commercial activities to slow down which had dropped the numbers, leading to a surplus. Is it not funny that with a surplus we are still having increased inflation.

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by zionstaar75(m): 6:53pm On Apr 09, 2025

Brendaniel:
If this does not reduce the price of dollar, food, goods and services then it is bullshit to an average Nigerian...

Nigerians want to experience good governance and not only read it on paper

u have to read it first before you can see it,that's the norm

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by TimmyA: 6:58pm On Apr 09, 2025

And you that went to school ought to know that a surplus balance should result in a better economy, lesser inflation and a stronger currency

allthingsgood:
Go school u no gree
Trade surplus is not money in the bank sir

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by blacksam01: 7:01pm On Apr 09, 2025

TimeManager:
No one does it better than Cardoso.

-Kiss the truth!

Surplus has been there since bubu period.. just that our local currency value refused to appreciate.... Cuz with surplus e supposed rise for value

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by OctavianAC(m): 7:14pm On Apr 09, 2025

Nigeria has been getting big surpluses from Jamb and other examination body when many cannot afford to enroll for those examination, and illiteracy level everywhere is on the increase, especially in the North. Surpluses from import duties which bounce back to the masses. Surpluses from companies, such that the companies are running away because of taxes, and unemployment is on the increase, and so on.

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by HisXLNC1: 7:16pm On Apr 09, 2025

zero8zero:
The problem with you wailers is not you're just a crying robot with no mental capacities. You guys always talk as if debts is a crime. New York state budget is $229b while its debt is up to $180b. You guys are bunch of Illiterates.

You are right. They are bunch of illiterates. But it's only a fool that will borrow when he has surplus...a mad fool at that.

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by sunkee(f): 7:48pm On Apr 09, 2025

freshvine:
Have you noticed Tinubu is appointing Muslim yorubas into offices and abandoning the Christian yorubas.

Yet it's the Christians yoruba pastors championing prayers in their churches for Nigeria and it's leaders.

So much for religious discrimination.

Religion bigotry is what you are. What happen to one Nigeria? CBN governor is a Muslim abi? Nimasal DG is a Muslim abi? Ode ni e

1 Like

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by VanuatuWycombe: 8:11pm On Apr 09, 2025

CBN didn’t keep any surplus anywhere.

What this means is that: Nigerians exported more in 2024 than they imported. When CBN deducted the value of what Nigerians imported from the value of what Nigerians exported, Nigerian exporters still made extra $6billion+.

The surplus is in the hands of people who are into export and import.

It is a sign that Nigerian economy is improving because local manufacturing is increasing.

1 Like

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Abuloma80(f): 8:13pm On Apr 09, 2025

Surplus of $6.83b (N10.25T) which is about 20% of the Country's year Budget of about N50 Trillion (for 2025). The IMPACT of such figures should have been FELT by Nigerians, if correct things are done. But so far the opposite is the case, and with no hope for it's improvement because we are already more than 30% gone into the year. No hope of "wait and see by the Masses". We can only see how it's being vandalized (squandered) by the Presidency!

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by mctech(m): 8:34pm On Apr 09, 2025

Oya share it, shebi it's our money.

On a serious note, all the purported economic indices are different from the reality on ground.

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Peaceful123(m): 8:39pm On Apr 09, 2025

allthingsgood:
Smh
Try to understand economics sir
Trade surplus is not is not money in the bank

Education was and is never a scam

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Gboss247(m): 10:40pm On Apr 09, 2025

Estello:
https://x.com/DOlusegun/status/1909954260889985447?t=VZIMpLKh_N9fzEMZbUiHWA&s=19[/quote]Can this illiterates compare that peanuts to the loans they loans they borrowed in 2024

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Gboss247(m): 10:41pm On Apr 09, 2025

allthingsgood:
Smh
Try to understand economics sir
Trade surplus is not is not money in the bank

Compare the surplus to the loans borrowed in 2024 and stop defending nonsense

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Gboss247(m): 10:43pm On Apr 09, 2025

koning:
Dividends of fuel subsidy removal.

They should use it to bring down the price of foodstuffs and encourage Dangote to sell fuel for N500 or less a liter.

Keep deceiving yourself while enjoying secret subsidy on imported petrol

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Brendaniel: 10:54pm On Apr 09, 2025

zionstaar75:
u have to read it first before you can see it,that's the norm

And all the ones you have been reading since Tinubu came on board have you seen any?

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Solsix(m): 6:08am On Apr 10, 2025

zero8zero:
The problem with you wailers is not you're just a crying robot with no mental capacities. You guys always talk as if debts is a crime. New York state budget is $229b while its debt is up to $180b. You guys are bunch of Illiterates.

If we have surplus why is naira still falling? Can you please answer that.

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by bigtt76(f): 10:33am On Apr 10, 2025

So what do we do with this information now? Dollars you can't buy from the banks, naira card for foreign transactions not working ...so what again angry

[quote author=Estello post=134915612]https://x.com/DOlusegun/status/1909954260889985447?t=VZIMpLKh_N9fzEMZbUiHWA&s=19[/quote]

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Kaiser20: 11:13am On Apr 10, 2025

Estello:
https://x.com/DOlusegun/status/1909954260889985447?t=VZIMpLKh_N9fzEMZbUiHWA&s=19[/quote]So Nigerians should applaud the CBN for having surpluses and Nigerians are Hungry

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by drmuchin: 11:20am On Apr 10, 2025

CoronaVirusPro:
His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) is a blessing upon Nigeria.

At this point, even Americans will crave to have a Tinubu than the current dumb dictator they have in the White House.

Otolo gbagbuo nne gi dia

Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by commoditiesnig(m): 12:13pm On Apr 10, 2025

Good development.. Kudos to the CBN team

1 2 Reply

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