₦airaland Forum

coolcharm:
And you’ve proven to be a bigger illiterate for not being able to differentiate credit scores from credit ratings.

Let me help you.

Credit scores are three-digit numbers that tell lenders whether an individual is likely a responsible borrower.

Credit ratings, on the other hand, are letter ratings assigned to corporations or governments and are used by investors to determine their riskiness.

I hope you learn to brush yourself up before jumping into conversations that are beyond you.

Agbegbaorogboye:
APC has finished this country

During PDP we had gone up to BB on our way to AAA before the calamity happened that sank us to B-

Today APC the incompetent and wastefully clueless lots are celebrating B+

Return us back to 2015 at least!!

coolcharm:
How can I create my own delusional? You must have meant “You can as well create your own delusion.”

Poor thing.

Eriokanmi:
I remember when we used to be rated ''AA by Fitch and Standard and Poor's and the economy was truly thriving with inspiring reforms targeted at the masses and smes. Good old days

helinues:
One of the people I am talking about have arrived. Credit score and credit rating are used for different context.

What you score is what would be rated

The village lecturers dem

TimeManager:
https://www.thisdaylive.com/index.php/2025/04/12/fitch-upgrades-nigeria-to-b-rating-stable-outlook-on-policy-reforms/?amp

SmartyPants:
In a day? The metrics are there if you choose to see them. Foreign reserves are looking good. Our credit rating is steadily improving. Inflation is trending downwards... they are there.

helinues:
One of the people I am talking about have arrived. Credit score and credit rating are used for different context.

What you score is what would be rated

The village lecturers dem

Agbegbaorogboye:
They are there indeed
What is real minimum wage and purchasing power now
Inflation was rebased
The economy is depressed
Quickly carry us back to 2015 not Cho Cho cho

SmartyPants:
You're not making sense. What I said was:

1. That things are trending downwards, not that things are not bad today. Has nothing to do with rebased inflation - even at the rebased rate, it is trending downwards.

2. Full restoration cannot happen in a day.

Agbegbaorogboye:
You're not applying commonsense in this matter

1. APC told us that BB rating, 9% inflation, $85 minimum wage, $500bn economy, N218/$1 and N97 per litre fuel were signs of failure in 2015. In other words, things were supposed to get better if they came in. They promised N40 fuel, $1 /N1 and other goodies. So how come 9 years later we're debating things trending downwards instead of debating how better off we are with APC in the saddle

2. APC did not come in with a mandate to restore. They came in with the belief that they'll improve on what was on ground and take Nigeria from the biggest economy in Africa to probably the biggest in Africa, the middle East and Carribeans. Today, are we closer than that from 2015 or farther from that? We're no longer the largest economy in Africa!!
So full restoration is not the issue. The issue is bastardisation of our national life happened on their watch

ayo2008:
The president and presidency have brought everything...no one is able to speak the truth .

In fact, his Jazz is working on the country... seriously
God will deliver Nigeria one day I know

It is well

SmartyPants:
If you want to argue about political parties, fine APC is terrible party. But is Nigeria today trending towards your 2015 under a new steward even within that APC structure? If the answer is yes, which it clearly ought to be, then it makes no sense fixating on APC... Unless you just want to be cantankerous.

Agbegbaorogboye:
But it is the same APC that's been in charge since 2015. Why are delineating and claiming one steward or the other when the actors are almost still the same. Or do you mean the present actors joined APC in 2023?

The clear answer to your question is a capital No!!
Under the new steward, things have gotten worse for the average Nigerian and even the national economy. Minimum wage is now a paltry $43. Fuel is now N900 per litre. National debt has ballooned to N144trn from about N70trn. Inflation has hit 30%. A bag of rice of 10k in 2015 which the former steward left at N33000 now goes for between N70000-N80000!!

More importantly, Nigeria is even more divided than it was under the former steward as the south remains divided while the north/SW dalliance is now shaky.

SmartyPants:
Let me ask... If a family owns a business and two sons rotate the management of the business within themselves but one was a significantly poorer manager, will you discredit the better one with the poor decisions of the weaker one? Or will you assess either one on their own merit?

surgical:
it is now I believe the saying birds of a feather flock together, do you notice that there is no difference between apc supporters and their leaders in terms of IQ
How can a country grow or do well when the government in power and the political party is populated by nitwits

TimeManager:
The economy is also on the pathway of recovery given where we were coming from, improved economic outlook has earned positive ratings from Fitch. Less debt to revenue ratio, net trade surplus, higher liquidity, stable currency, improved foreign reserves, gradual reduction in inflation, etc. But I will not be surprised if some people selling recharge cards or phone charger under the bridge start arguing with Fitch rating. I don't like talking too much.
God bless Nigeria.


Kiss the truth!

thisweekng:
The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.

He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.

He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.

“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.

“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”
Private sector to drive the economy

https://thisweekng.com/the-last-time-nigerias-economy-was-stable-was-about-a-decade-ago-wale-edun/

Agbegbaorogboye:
APC has finished this country

During PDP we had gone up to BB on our way to AAA before the calamity happened that sank us to B-

Today APC the incompetent and wastefully clueless lots are celebrating B+

Return us back to 2015 at least!!

2mch:
When was this. Show proof of the article from Fitch.

PDPdestroyer:
Jagaban for a reason

chisomkachy:
Nigerian President Bola Tinubu’s first supplementary budget includes a fleet of SUVs for himself and his wife, a presidential yacht and the renovation of his villa amid a cost-of-living crisis for some of the poorest people in the world.

The proposal — which seeks additional funding beyond the annual budget approved by Tinubu’s predecessor — comes as the government asks Nigerians to persevere through pain caused in part by a raft of economic reforms ushered in by the new president. Africa’s most populous country faces rampant unemployment, soaring food prices and a plummeting currency.

Federal lawmakers approved the president’s request for extra spending on Thursday, but eliminated the provision of 5 billion naira ($6.01 million) to buy a presidential yacht. Instead, they doubled the allocation to a student loan fund to 10 billion naira, according Abubakar Bichi, chairman of an appropriations committee in the House of Representatives.

The lawmakers approved 1.5 billion-naira proposed to purchase SUVs for the office of First Lady Oluremi Tinubu — an amount larger than that allocated to many individual federal colleges. The supplementary budget also proposes almost 6 billion naira to purchase SUVs for the presidency — more than the amount initially allocated to fund a student loan program for poor families.


https://www.bloomberg.com/news/articles/2023-11-02/nigeria-budgets-for-suvs-and-yachts-amid-economic-hardship

lagonovo:
Hogwash!

​Nigeria's highest-ever credit rating from Fitch Ratings was 'B+', achieved in December 2019 under Muhammadu Buhari.

Agbegbaorogboye:
Stop advertising your ignorance

TimeManager:
The problem with Nigerian wailers is the fact that they don't see beyond " what's the price of yam in the market?", they're more concerned about their stomach than the health of the economy. Forgetting that If you don't have an economy, you can't even have food security, growth and development. The food inflation we all complain about is not as a result of government policies but as a result of human factor - na bandits, terrorists and herdsmen factor dey cause food crisis and high food costs. And I know you would say, it is Government responsibility to fight insecurity. And I can tell you as much that there's no other President that has killed more bandits and terrorists than the current President. However, you can't wipe out insecurity of over 16years in less than two years. So, pockets of attacks will never undermine the fantastic efforts of the NSA and the Military. Unfortunately, Nigeria. wailers will rather exaggerate these pockets of violence than see the successes of the Military.
The economy is also on the pathway of recovery given where we were coming from, improved economic outlook has earned positive ratings from Fitch. Less debt to revenue ratio, net trade surplus, higher liquidity, stable currency, improved foreign reserves, gradual reduction in inflation, etc. But I will not be surprised if some people selling recharge cards or phone charger under the bridge start arguing with Fitch rating. I don't like talking too much.
God bless Nigeria.



Permission to copy your post?


Kiss the truth!

lagonovo:
Prove it! Show us the info and I will accept and apologize to you. I have no problem with that.

Agbegbaorogboye:
Use your Google
Nigeria was on BB from 2006 before we were downgraded to B in 2016 when this calamitous and incompetent lots began to hold the rein

https://www.fitchratings.com/entity/nigeria-82778117#ratings

lagonovo:
Seems you don't understand how this works.

BB+ is higher than BB. We moved up to BB+ in December 2019.

lagonovo:
Hogwash!

​Nigeria's highest-ever credit rating from Fitch Ratings was 'B+', achieved in December 2019 under Muhammadu Buhari.

Fitch Affirms Nigeria’s Robust Sovereign Rating

To demonstrate its view that the country is on the right economic trajectory despite many challenges, Fitch Ratings has affirmed it’s robust ‘BB-‘sovereign rating of Nigeria with a stable outlook.

It cited several current positive features of the economy to support its position.

Such features include improving stability in the economy after the suspension of CBN Governor, Sanusi Lamido Sanusi, the recent boost in the Excess Crude Account, rising oil production and improved efforts to tackle pipeline vandalism.

Below is the full statement:

Fitch Affirms Nigeria at ‘BB-‘; Outlook Stable

Fitch Ratings-London-10 April 2014: Fitch Ratings has affirmed Nigeria’s Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘BB-‘ and ‘BB’, respectively. The Outlooks are Stable.

The issue ratings on Nigeria’s senior unsecured foreign and local currency bonds have also been affirmed at ‘BB-‘ and ‘BB’, respectively. The agency has also affirmed Nigeria’s Short-term foreign currency IDR at ‘B’ and Country Ceiling at ‘BB-‘.

KEY RATING DRIVERS

The affirmation reflects the following key rating drivers:

The foreign exchange market and international reserves are stabilising after the shock of Central Bank (CBN) Governor Sanusi’s suspension on 20 February. Demand for FX in the official auction reverted to normal levels in March and CBN intervention in the inter-bank market has fallen away. The inter-bank Naira/US dollar rate has strengthened from its lows although it remains outside the upper limit of the 155 plus or minus 3% band.

Official reserves rose in March, helped by an increase in the ECA fiscal buffer (Excess Crude Account). Although reserves have fallen appreciably over the past year, they remain in line with ‘BB’ category peer medians at a Fitch projected 4.6 months current account payments (CXP) at end 2014, although weaker than similarly rated oil exporters (Angola and Gabon).

On 25 March the Monetary Policy Committee continued the gradual tightening of liquidity seen over the past year, with an increase in the private sector cash reserve requirement to 15%. Inflation fell to a new low of 7.7% in February, within the target range of 6%-9%. Fitch believes that as an institution, the CBN has been strengthened in recent years and should retain its autonomy over monetary and financial policy, notwithstanding the suspension of the former governor.

https://www.channelstv.com/2014/04/11/fitch-affirms-nigerias-robust-sovereign-rating/amp/

lagonovo:
Prove it! Show us the info and I will accept and apologize to you. I have no problem with that.

Agbegbaorogboye:
Liar!!
Zombies can lie

We never got back to BB since we were downgraded in 2016

anonimi:
Please don’t delay to apologise.

Agbegbaorogboye:
I'll judge each on their own merit which is what I'm doing. But there has to be a baseline for their performance which in this analogy is 2015

Learn to read pls