₦airaland Forum

jaxxy:
With our disastrous so called stable interest rate we are borrowing almost thesame as Argentina and with oil prices down we are most likely going to borrow more soon to fund the fraudulent budget.

Morizo:
So exchange rate you met at 600 and floated the Naira which took it to 1500-1600 is called stability in your own Oshodi Oke Economic blueprint?

Which Kain head Una dey take think sef😡
Na water dey inside Abi na akamu?

News Alert, Tinubu's policies (if we dignify those bata shoes ideas as policies) are a total failure. It will be used in light years to come as one of the worst templates never to be used by humankind again in history.

Charbliss90:
You have time to respond to that educated illiterate. He knows nothing just to wake up and start wailing

mrvitalis:
Name one industry APC has improved since 2015

LegendHero:
Borrowing same as how? Do you guys just talk without evidence or believe Nairaland is your village square?

LegendHero:
Petroleum industry. We now have 2 refinery under APC.

LegendHero:
I actually went to play soccer before.

You say Wetin? So you’re saying we are paying subsidy at 1k?

How much we dey buy petrol for USA? How much you wan make I liter be before? N1500?

mrvitalis:
How much is petrol in your neighboring countries without subsidy?

PresidObi:
Are you saying they should approve more loans to Nigeria?

jaxxy:
how much has this government borrowed sofar?

LegendHero:
.

LegendHero:
I checked. Average price of petrol is 14.44 Cedis is like N1450.

One thing you should know, Ghana import refined fuel and they also have lot of taxes on their petrol. They pay up to 25 - 35% sometimes on taxes.

For Nigeria, we don’t have taxes on petrol we buy at the station. Zero VAT.

So that price of N900+ is very very reasonable. Infact it should be lesser than that with the current crude price.

mrvitalis:
Cameroon? Togo Benin ivory Coast?

jaxxy:
How did we get from $10B to $41B??

How much has tinubu borrowed sofar?

LegendHero:
You no sabi read that simple screenshot or what?

jaxxy:
It only states current debts at certain year not how much was borrowed for a given year.

mrvitalis:
I run away what ?
APC has been doing what you are saying since 2015 how has the economy been?.
575 billion dollars to 199 billion dollars

PDP did what I said partially for 16 years moved economy from 59 billion dollars to 575 billion dollars

Yet you want me to waste Rome to argue with you? Nah don't have that time

nairalanda1:
Argentina is what happens when you take loans over decades to maintain a first world lifestyle.

Millei reforms are somewhat working, but it was never going to hide the fact that cash was low. Or that he too would have to take imf coin eventually


As for Nigeria, our problems is what happens when 80% of government revenue is based on oil and when government for decades does nothing to.change that

DMerciful:
Argentina is borrowing with clear path to come out of their crises.

Tinubu borrowed unapproved cumulative amount of $9.6 billion without anything to show for it.

APC is a satanic party

anonimi:
Quite the contrary.

Milei’s capitalist reforms have delivered positive results beyond the expectations of many, while terrible T-Pain’s pseudo progressive socialist policies have made things worse for us.



https://www.youtube.com/watch?v=zl_BEpX4M9M?feature=shared

Morizo:
So exchange rate you met at 600 and floated the Naira which took it to 1500-1600 is called stability in your own Oshodi Oke Economic blueprint?

Which Kain head Una dey take think sef😡
Na water dey inside Abi na akamu?

News Alert, Tinubu's policies (if we dignify those bata shoes ideas as policies) are a total failure. It will be used in light years to come as one of the worst templates never to be used by humankind again in history.

Xammie001:
Have you been to Argentina,

LegendHero:
So exchange rate was stable when official was N450 and parallel rate at N750?

You be novice. This argument is way beyond your intellect.

Penguin2:
It’s like the new President’s reforms are not werking like Tinubu’s haphazard reforms in Nigeria 😏

Xammie001:
PDP didn't experience Recession and Economic melt down caused by Covid 19.
In your explanation put this into consideration, also canada,America and the UK are experiencing huge economy down turn.
I really do not know how the currency market work but i know a bit of History.
PDP saw Economy Boom and mismanaged it

Charbliss90:
How do they invest in production? You think investment is a child's play? So within two years industries should have spring up and has effect in the economy abi. Una shame they catch me no be small

mrvitalis:
Asking how many industry PDP built shows you don't know how development works

Government have no business in business you support businesses

PDP creates billionaires in dollars APC have created zero

Did OBJ meet any reserve?



Music sector grew under PDP
Movie
Cenima
Telecom
Insurance
Banking
Aviation

Name one industry APC has improved since 2015

Odibembem:
APC has improved the downstream petroleum sector since 2015, so many local refineries now in operation. Under APC, local manufacture of tiles has developed, Nigeria is now self sufficient in tiles production, many Chinese coys make tiles in Edo and Ogun state, we hardly need to import them from China. Under APC the Fintech sectors have boomed, far larger capitalization and so many jobs created by them. Only sector developed under PDP was telecoms under OBJ. Movies and comedy in entertainment grew but fizzled out by 2014 but music picked up by then. OBJ built r serves, credit to him but GEJ fizzled it out on consumption, using it to defend d naira and in paying fuel subsidy. By d time he left in 2015 u could hardly cite any sector that grew under his watch neither could u point to d infrastructure he built

mrvitalis:
No it's working that's why he got the loans

U stabilize your country then go for then loan to use and invest in your people not foolish feel good infrastructure

Johnthesuccess:
You are very dumb. How did you pass your waec. This is simple economics.

Dougad:
This is the 10th year of APC rule and the country has nothing to show for it but you stupidly reduce it to 2 in defence of your useless tifnubu who we all know played a big role in the election of the fool Buhari, even encouraging him to print money as much possible without tying it to any productive endeavor, ushering the massive inflation we face today.
You APC fools are utterly stupid.