₦airaland Forum

Good as long as it is not a case of borrow from paul to pay peter

psalmsjob:
Some mumudients will soon come here to say no be by that one they seriously think a mumudients filled Nigeria is possible.


It not by standing inside a flooded street for photo ops that you solve any problem. Showmanship with misfortune of others.

You're not talking right. I voted Obi in the last election. I might vote Obi again in the next election. But does it mean I won't wish Tinubu well? God forbid. All we (both APC, PDP, LP, etc) want is a better Nigeria. And we will witness a better Nigeria in our lifetime. A new Nigeria is POssible!

Racoon:
Imagine! Under the waster catastrophe of a man hobnobbing the world while wasting the lean resources of this nation on his useless jamborees.

I pray you get sense one day. Even if Tinubu is not the president, he has all the means to travel around the world. Being in UK for days or weeks doesn't stop the president from performing his constitutional duties. Change this your negatively mindset, it's no more criticism of the government it's hatred for the country.

APC are damn evil. Release only half truth to the uninformed public. Why has Debt Service Risen under Evil APC than any other government. Why not release other multilateral groups and local institutions. Like World Bank JP Morgan & CBN dollar sovereign Deb t, , IDB, AFDB, Africa exim Bank, China Eximbank, French development Lending, Euro Bonds, Local financial institutions holding bonds, and individual Treasury bills Etc. your allocating almost 8 billion USD to service both Foreign & Local debt 🤷🏿

Yea that is the performance result of the idiots that excluded Igbos for all to see

Jorussia:
I don't think this should be a surprise to any body following our current economic Journey.The govt totally stopped paying subsidy on PMS about a year ago and as such there is more space to pay up outstanding loan interests and also avoid new foreign loans.To the best of my knowledge,this administration has not applied for any new foreign loan.I am aware world bank approved a loan package for Nigeria in the last weeks of PMB tenure,and that's what they have been disbursing to Nigeria since over a year now.

However,I am still not happy with this news,No economic indices can gladen my heart until I see fx rate at a minimum of #1000.There should be renewed vigour to push oil production to a minimum of 2mbpd minus condensate by year end.High volume of crude oil production is the easiest and most viable way to drive economic development in Nigeria.

This news gladdens my heart because I thought all the government was doing is borro, borrow, borrow.

At least the debt reduction from 2023-2024 shows that the money saved from subsidy is being put to good use.

The ultimate goal should be to settle all the debts and stop further borrowing. If the president can do that, that's really when the economy will pick up for good because there'll be more money for the government to spend here in Nigeria instead of servicing debts.

However, you mean to MAXIMIZE oil production.

If more refineries could come onboard, petrol price will reduce significantly. This is why I suggested the other day that the president should give out oil production and refinery licenses to as many companies as capable.

If the above two scenarios could be achieved, Dollar price could fall even below N1,000/$1.

On the whole, the president knows what's he's doing.

triple996:
nigeria shall be great


Just watch how rodents with a tradition of cannibalism will come here and start wailing.
The wise ones among them will disappear and avoid these thread like plague.

IMF refused to stop borrowing us.


Hence the reduction

RandomFellow:
You're not talking right. I voted Obi in the last election. I might vote Obi again in the next election. But does it mean I won't wish Tinubu well? God forbid. All we (both APC, PDP, LP, etc) want is a better Nigeria. And we will witness a better Nigeria in our lifetime. A new Nigeria is POssible!

I know say una go get sense las las that is POssible but that better Nigeria is already happening in case you missed that

World bank to give Nigeria another $17 billion

Source - Channels TV

I don’t understand Wetin Dey happen again….

triple996:
nigeria shall be great

Just watch how rodents with a tradition of cannibalism will come here and start wailing.
The wise ones among them will disappear and avoid these thread like plague.

If you don’t have a tradition of cluelessness you should be asking for the total loan amount that has ballooned along with debt servicing since ebilokan took over from Buhari that he alone made president of APC shege.

Oladimeji556:
Nigeria’s external debt service is expected to rise to $5.2 billion in 2025, marking a growing fiscal burden despite ongoing economic reforms, according to a new report by Fitch Ratings.

The credit rating agency made the projection in its latest commentary, which also saw Nigeria’s long-term foreign-currency issuer default rating upgraded from ‘B-’ to ‘B’ with a stable outlook. The agency attributed the anticipated rise in external debt servicing to scheduled amortisation payments and a $1.1 billion Eurobond repayment due in November 2025.

https://ratecaptain.com/nigerias-external-debt-servicing-projected-to-reach-5-2-billion-in-2025-fitch/

#loandefaults #creditrisk #corporatefinance #bankingsector #cbnreport

fashrola:
World bank to give Nigeria another $17 billion

Source - Channels TV

I don’t understand Wetin Dey happen again….

Terrible T-Pain is doing CBEX to our loans- borrowing from one to repay another lender.

RandomFellow:
You're not talking right. I voted Obi in the last election. I might vote Obi again in the next election. But does it mean I won't wish Tinubu well? God forbid. All we (both APC, PDP, LP, etc) want is a better Nigeria. And we will witness a better Nigeria in our lifetime. A new Nigeria is POssible!

Your vote for naive Pandora Bitter Obi has made ebilokan’s Nigeria of hunger, starvation, unemployment, insecurity, inflation, corruption etc POssible.

What else do you want

jameshankss:
Anambra State Governor, Professor Chukwuma Soludo, has said he is sure the candidate of Labour Party (LP), Mr Peter Obi, would lose the 2023 presidential election. Soludo said he would not submit to the bullying of Obi’s supporters, who recently descended on him for addressing issues in the state.

The governor made the comments in a lengthy write-up personally authored, with the title, “History Beckons, and I Will Not Be Silent (Part 1).”

Soludo said Obi was inadvertently making the pathway to victory much easier for the presidential candidate of All Progressives Congress (APC), Bola Tinubu, and at the same time, toying with the destiny of millions of Ndigbo.

But the chief spokesperson for the Labour Party Presidential Campaign, Yunusa Tanko, accused Soludo of being sponsored by some unknown persons to weaken the base of the party in the South-east.

The former CBN governor had been under intense attack for close to a week for dismissing Obi’s investment in the state as amounting to nothing, during a television interview.

Soludo said in the write-up, “My attention has been drawn to some of the tirades on social media following my frank response during an interview on Channels TV regarding the ‘investments’ Mr. Peter Obi claimed to have made with Anambra State revenues.

“Sadly, several of the comments left the issue of the interview to probe or suggest motives, inferred from my response on ‘investment’ that I am opposed to Peter Obi’s ambition and, therefore, committed a ‘crime’ for which the punishment is internecine abuse and harassment, even to my family.

“Everyone knows that I don’t follow the winds or one to succumb to bullies, or shy away from a good fight especially, when weighty matters of principles and future of the people are involved.”

Soludo said he had urged Obi to return to his former party, the All Progressives Grand Alliance (APGA), to actualise his presidential bid. He added that he had always told the LP candidate to his face that he was not capable of winning the 2023 presidential election, especially, under LP, which had neither a councillor nor a local government chairman.

Soludo said Obi was not just his friend, but also his brother, but despite that, they have their political differences.

He stated, “For full disclosure, let me state that Peter Obi and I are not just friends, we call ourselves ‘brothers’. But we have political differences: he left APGA for PDP after his tenure as governor, while I have remained in APGA since 2013.

“During the last two governorship elections in Anambra in 2017 and 2021, he led the PDP campaigns but APGA won landslide in both elections. By the way, in 2016, he visited and proposed that I defect to PDP and contest the 2017 election against the incumbent Willie Obiano, but I declined.

“After my victory in November 2021, he called to congratulate me, as I did to him in 2010. That is the Anambra way: we fight fiercely during campaigns but share drinks at the next social events. After all, it was the Great Zik of Africa, who taught us that in politics, there are no permanent friends or permanent enemies but only permanent interests.”

Arguing that Obi’s presidential bid would only work in favour of Tinubu, Soludo said, “Indeed, if I were Asiwaju Tinubu, I would even give Peter Obi money as someone heading one of the departments of his campaign, because Obi is making Tinubu’s pathway to victory much easier by indirectly pulling down PDP.”

Obi, according to Soludo, would only deplete the votes of the Peoples Democratic Party (PDP) and pave the path for an APC victory.

He stated, “The current fleeting frenzy, if not checked, will cost Ndigbo dearly for years. The South-east has the lowest number of votes of any region, but it is also the only region where the presidential race might be a four-way race (it is a two-way race in the other five regions) thereby, ensuring that our votes won’t count in the making of the next president of Nigeria.

https://www.thisdaylive.com/index.php/2022/11/15/soludo-i-wont-succumb-to-bullies-obi-knows-he-cant-win/

Illiterate Obidense will see an increase because $800m is greater than $3bn in their world of alternate reality

Unbelievable

This people and propaganda!

Nigeria debt profile 2023-2024

johnog4sure:
I like good news

May God bless you 🙏

NothingDoMe:
One dey go up another one dey come down. Agbadonomics pyramid structure of repayment. 😅

Agbotikuyo make I hear word 😒

Jorussia:
I don't think this should be a surprise to any body following our current economic Journey.The govt totally stopped paying subsidy on PMS about a year ago and as such there is more space to pay up outstanding loan interests and also avoid new foreign loans.To the best of my knowledge,this administration has not applied for any new foreign loan.I am aware world bank approved a loan package for Nigeria in the last weeks of PMB tenure,and that's what they have been disbursing to Nigeria since over a year now.

However,I am still not happy with this news,No economic indices can gladen my heart until I see fx rate at a minimum of #1000.There should be renewed vigour to push oil production to a minimum of 2mbpd minus condensate by year end.High volume of crude oil production is the easiest and most viable way to drive economic development in Nigeria.

. Until a bag of rice returns to 18k and naira to dollar rate 200 naira and petrol price per liter 97 naira, whatever I see in the news is still bad news to me. Those are the three good news we were enjoying in Jonathan's time but didn't know they were good news until Buhari came to destroy and then Tinubu came to perfect the destruction.

triple996:
nigeria shall be great


Just watch how rodents with a tradition of cannibalism will come here and start wailing.
The wise ones among them will disappear and avoid these thread like plague.

Stop whining and crying.

This is jus debt to ONE Organization. IMF, do you know about debts to China, World bank, Islamic Bank, UAE?

Mr. Man Tinubu has taken more loans than any other government has in 2 years.

yashau:
Agbotikuyo make I hear word 😒

Cry harder. Fraudsters. 🤣

Jorussia:
I don't think this should be a surprise to any body following our current economic Journey.The govt totally stopped paying subsidy on PMS about a year ago and as such there is more space to pay up outstanding loan interests and also avoid new foreign loans.To the best of my knowledge,this administration has not applied for any new foreign loan.I am aware world bank approved a loan package for Nigeria in the last weeks of PMB tenure,and that's what they have been disbursing to Nigeria since over a year now.

However,I am still not happy with this news,No economic indices can gladen my heart until I see fx rate at a minimum of #1000.There should be renewed vigour to push oil production to a minimum of 2mbpd minus condensate by year end.High volume of crude oil production is the easiest and most viable way to drive economic development in Nigeria.

Nd what if the oil no gree push
Nigeria has one of the highest drilling cost in the world.

PressMyButton:
What about World bank?. Before now, una dey say check IMF, but today, IMF don hold una for throat. You cannot check IMF again. Same thing will soon happen with World bank.

It's not about before now. Before now nor be facts.

Facts are Nigeria's world bank loan are higher. Domestic debts are higher.

Counter with facts not wishful thinking that it would come down.

Agbado pyramid stricture of economic fraudsters. 😄

Racoon:
Imagine! Under the waster catastrophe of a man hobnobbing the world while wasting the lean resources of this nation on his useless jamborees.

Learn to read before rushing to comment. It will save you from unnecessary embarrassment like this.

Jorussia:
I don't think this should be a surprise to any body following our current economic Journey.The govt totally stopped paying subsidy on PMS about a year ago and as such there is more space to pay up outstanding loan interests and also avoid new foreign loans.To the best of my knowledge,this administration has not applied for any new foreign loan.I am aware world bank approved a loan package for Nigeria in the last weeks of PMB tenure,and that's what they have been disbursing to Nigeria since over a year now.

However,I am still not happy with this news,No economic indices can gladen my heart until I see fx rate at a minimum of #1000.There should be renewed vigour to push oil production to a minimum of 2mbpd minus condensate by year end.High volume of crude oil production is the easiest and most viable way to drive economic development in Nigeria.

With a budget benchmark of N1,500 to $1, calling for the exchange rate to drop to N1000 is unrealistic and calling for chaos. How will federal and state governments fund their budgets at that rate? It’s even worse now that prices of crude oil has gone down as a result of Trump’s tariff war. So, keeping the exchange rate stable at around N1,500 throughout the year will be a massive macroeconomic target for the CBN this year.

ALTERNATEID:
With a budget benchmark of N1,500 to $1, calling for the exchange rate to drop to N1000 is unrealistic and calling for chaos. How will federal and state governments fund their budgets at that rate? It’s even worse now that prices of crude oil has gone down as a result of Trump’s tariff war. So, keeping the exchange rate stable at around N1,500 throughout the year will be a massive macroeconomic target for the CBN this year.

Oga I am not stupid,and i know what i wrote above.2mbpd and and against our current 1.5mbpd will offset the #500 difference in fx.we stopped collecting VAT on petroleum products because of its current high cost.Forexample,fx is #1000 retail price of PMS should be around #550.If govt add VAT, PMS price can't be more than #580.Dont let anybody deceive you,our current fx of #1600 doesn't have any benefit to the Nigerian economy.

triple996:
nigeria shall be great


Just watch how rodents with a tradition of cannibalism will come here and start wailing.
The wise ones among them will disappear and avoid these thread like plague.

your mama fit be the rodent😭😭😭

psalmsjob:
I know say una go get sense las las that is POssible but that better Nigeria is already happening in case you missed that

So what's the essence of you quoting me? Sẹ́y o ya wèrè ni? Iwọ jẹ aláìtọ́, ẹ̀dá aṣìwèrè. Àwọn baba rẹ gbọ́dọ̀ jẹ́ kó bàjẹ́ nínú ohun tí o ti di. Ọmọ àlè ọ̀tẹ̀.

RandomFellow:
So what's the essence of you quoting me? Sẹ́y o ya wèrè ni? Iwọ jẹ aláìtọ́, ẹ̀dá aṣìwèrè. Àwọn baba rẹ gbọ́dọ̀ jẹ́ kó bàjẹ́ nínú ohun tí o ti di. Ọmọ àlè ọ̀tẹ̀.

I no understand all dis Yoruba wey AI write for you ooo... Tell ham to translate.

I'm not looking out to befriend Obidients and I actually see it as an insult and a sign that I'm losing my head if an Obidient see eye to eye with me on an issue and still says he is an Obidient... Sorry if that hurts your feelings just stop supporting rubbish na hin be my own

HRHQueenPhil:
***""""""Job title: Woman Account Officer
Location: Abuja
Salary -150-170k

Responsibilities
Daily posting of all financial transactions on QuickBooks.
Handle and disburse petty cash.
Assist with filing and retrieval of finance-related documents 
Data entry and recording to achieve timely, accurate, and complete financial records.
Prepare the weekly schedule of payments and invoices as the need arises.
Inventory management and recording
Handling sensitive or confidential information with honesty and integrity.
Assist with tax and audit matters on a need basis
Work as part of the finance team to compile and analyze data, and track information towards supporting the company or meeting client's needs.
Taking on additional tasks or projects to learn more about accounting and office operations.
Any other duties assigned.

QUALIFICATION, SKILLS AND EXPERTISE REQUIRED 
Minimum of HND in Accountancy
Knowledge of QuickBooks online software
Good knowledge of the use of Microsoft Excel
Very meticulous and organized
Inquisitive, Firm and thorough

Qualified persons should send their Cv to Ekaette.obot@terawork.com or WhatsApp 08169827645

All that work for a maximum of £79 month?

Bleep me that's slave salaries

Mate haven't you heard of a living wage? How can anyone live on £79 per month?

Rent
Food
Utilities
School fees
Medical
Entertainment

Why are you not all rioting daily?

If you are living off of £50-£80 per month on average

How much is rent here yearly?

Back home for a bedsit it's the equivalent of £600 per month

So how do you live off of £79 per month, it's ridiculous

Propaganda