₦airaland Forum

vaxx:
Cus your emotions will not let you go.


You are asking me who homeschool you that you can actually fall into recession even if your economy grow if I know what is excess crude account?

Anyway Nigeria is not the only country that maintain such account , nearly every country has such sovereign wealth to maintain stability in case of any future happenings.


Now that the naira is fallen , the excess account would have help to mitigate the effect a bit but it is less than 500k

Excess crude account is not a savings account, it's not even constitutional. It was a circumstantial account created to accommodate excess revenue from crude oil sales.
As at 2015, it was just $2 Billion although in 2011, it was $20 Billion but Nigeria has other saving accounts ie NSIA.

theenchanter:
no dey answer this one jare. Let him continue to fool himself thinking he's hitting a point.

I swear.

GeneralDae:
Excess crude account is not a savings account, it's not even constitutional. It was a circumstantial account created to accommodate excess revenue from crude oil sales.
As at 2015, it was just $2 Billion although in 2011, it was $20 Billion but Nigeria has other saving accounts ie NSIA.

it is like you lack comprehension or you just want to talk cus I do not relate excess crude account Into any of the above account you typed up there. I said Excess crude is simply the money created as a sovereign wealth, which is purposely allocated for future events . Just like how the money gotten from it was used for security purpose etc. Though it is a redundancy ideology because it is serving the same purpose as NSIA..

It would have be a sort of relief if it is enough to cushion the effect of dollar on naira performance.

If your govt are struggling to maintain the excess wealth gotten from oil revenue, what give you clues that your govt will be able to manage the main income.


In Ghana we called it mineral sovereign wealth, nearly every nation has something similar.

vaxx:
Cus your emotions will not let you go.


You are asking me who homeschool you that you can actually fall into recession even if your economy grow if I know what is excess crude account?

Anyway Nigeria is not the only country that maintain such account , nearly every country has such sovereign wealth to maintain stability in case of any future happenings.


Now that the naira is fallen , the excess account would have help to mitigate the effect a bit but it is less than 500k

what is ECA?
What is the functionality of ECA.
how do you have money in ECA when oil is selling Below budget projection.

vaxx:
it is like you lack comprehension or you just want to talk cus I do not relate excess crude account Into any of the above account you typed up there. I said Excess crude is simply the money created as a sovereign wealth, which is purposely allocated for future events . Just like how the money gotten from it was used for security purpose etc. Though it is a redundancy ideology because it is serving the same purpose as NSIA..

It would have be a sort of relief if it is enough to cushion the effect of dollar on naira performance.

If your govt are struggling to maintain the excess wealth gotten from oil revenue, what give you clues that your govt will be able to manage the main income.


In Ghana we called it mineral sovereign wealth, nearly every nation has something similar.

Yet you're borrowing maize and rice from ecowas
ECOWAS demands repayment of 27,000 tons of food aid from Ghana
April 15, 2025







By: Deborah Pofara Luu

The Economic Community of West African States (ECOWAS) has called on Ghana to return 27,000 tons of maize and rice borrowed in 2018 to address earlier food security challenges.

The demand was revealed by Ghana’s Minister for Food and Agriculture, Eric Opoku, during the launch of the government’s Feed Ghana Programme on April 12, 2025

The Minister for Food and Agriculture disclosed that ECOWAS leaders recently visited his office to request the repayment of the food stocks.

“They said Ghana owes them rice and maize of about 27,000 tons, which we borrowed in 2018, and that they are asking that we refund it,” he said.

POKUASI2:
Yet you're borrowing maize and rice from ecowas
ECOWAS demands repayment of 27,000 tons of food aid from Ghana
April 15, 2025







By: Deborah Pofara Luu

The Economic Community of West African States (ECOWAS) has called on Ghana to return 27,000 tons of maize and rice borrowed in 2018 to address earlier food security challenges.

The demand was revealed by Ghana’s Minister for Food and Agriculture, Eric Opoku, during the launch of the government’s Feed Ghana Programme on April 12, 2025

The Minister for Food and Agriculture disclosed that ECOWAS leaders recently visited his office to request the repayment of the food stocks.

“They said Ghana owes them rice and maize of about 27,000 tons, which we borrowed in 2018, and that they are asking that we refund it,” he said.

Ecowas food bank ozuor .

It is like this mumu doesn't know Nigeria also borrowed food from this bank.


Go better school una say no

POKUASI2:
what is ECA?
What is the functionality of ECA.
how do you have money in ECA when oil is selling Below budget projection.

Nigeria had once enjoy large growth on oil revenue, in this context , it is the management and distribution of this oil revenue that is facing critical issues .


My reply already answer you repeated question , read again.if you must learn the functions of ECA.

vaxx:
Ecowas food bank ozuor .

It is like this mumu doesn't know Nigeria also borrowed food from this bank.


Go better school una say no

Your motivational speaker president went borrowing maize and rice from ecowas after chanting aid for trade?
After planting for food and jobs was feeding the entire sub region?
So, same Ghana that claimed PLANTING FOR FOOD AND JOBS was feeding the sub region —turned around and borrowed food from ecowas food bank??

POKUASI2:
Your motivational speaker president went borrowing maize and rice from ecowas after chanting aid for trade?
After planting for food and jobs was feeding the entire sub region?
So, same Ghana that claimed PLANTING FOR FOOD AND JOBS was feeding the sub region —turned around and borrowed food from ecowas food bank??

ozuor , that is the purpose of Ecowas food bank. You borrowed and pay back later. Since you also contribute to it .


Nigeria is a regular borrower from the same bank like Ghana

POKUASI2:
Yet you're borrowing maize and rice from ecowas
ECOWAS demands repayment of 27,000 tons of food aid from Ghana
April 15, 2025







By: Deborah Pofara Luu

The Economic Community of West African States (ECOWAS) has called on Ghana to return 27,000 tons of maize and rice borrowed in 2018 to address earlier food security challenges.

The demand was revealed by Ghana’s Minister for Food and Agriculture, Eric Opoku, during the launch of the government’s Feed Ghana Programme on April 12, 2025

The Minister for Food and Agriculture disclosed that ECOWAS leaders recently visited his office to request the repayment of the food stocks.

“They said Ghana owes them rice and maize of about 27,000 tons, which we borrowed in 2018, and that they are asking that we refund it,” he said.

keep repeating the same thing Nigeria is also doing .

Bank of Ghana Gold reserve

Wonderful Q1 result from one of my favourite Nigerian oil and gas companies: SEPLAT. Their heavy investments in gas especially over the years would start to pay off this year and has likely started paying off already from Q1.

Seplat Energy Q1 2025 Financial Highlights

Revenue: $809 million, marking a ~350% increase from Q1 2024 ($180 million). ​

Adjusted EBITDA: $401 million, up 226% year-over-year. ​

Cash from Operations: $306.5 million, a significant rise from $16.8 million in Q1 2024.

Unit Operating Cost: $12.6 per boe, better than the guidance range of $14–$15 per boe. ​

Net Debt: Reduced to $747 million by end-March 2025.

Dividend: Declared a Q1 2025 dividend of US$4.6 cents per share, up from US$3.6 cents in the previous quarter.

Most of the blocking on this thread aren't caused by anti spam bots but a deliberate attempt to stop you from experiencing your views . Una too get low self esteem.

vaxx:
Most of the blocking on this thread aren't caused by anti spam bots but a deliberate attempt to stop you from experiencing your views . Una too get low self esteem.

no be only u them dey ban... And it's not about expressing ur view or not, it's about what u're saying and how u're saying it.

Just stay clear of cuss words and u're good.

theenchanter:
no be only u them dey ban... And it's not about expressing ur view or not, it's about what u're saying and how u're saying it.

Just stay clear of cuss words and u're good.

you are a lier , there is some certain set of algorithms that you or someone managing this thread has instructed the system to follow, immediately vaxx made mention of those words ( not necessary profane ) vaxx got ban immediately

vaxx:
you are a lier , there is some certain set of algorithms that you or someone managing this thread has instructed the system to follow, immediately vaxx made mention of those words ( not necessary profane ) vaxx got ban immediately

u're not that important in the grand scheme of things to warrant such privilege.

If you can't go thru the front page. fact is different from fiction.

TWO DECADES OF 9ja & ARGENTINA GDP

2006 — 🇦🇷$232.9bn | 🇳🇬$$222.8bn

2007 — 🇦🇷$287.9bn | 🇳🇬$266.3bn
2008 — 🇦🇷$363.5bn | 🇳🇬$335.4bn
2009 — 🇦🇷$334.6bn | 🇳🇬$302.5bn

2010 — 🇦🇷$424.7bn | 🇳🇬$374.1bn
2011 — 🇦🇷$527.6bn | 🇳🇬$419.9bn
2012 — 🇦🇷$579.7bn | 🇳🇬$467.2bn
2013 — 🇦🇷$611.5bn | 🇳🇬$521.9bn
2014 — 🇦🇷$563.6bn | 🇳🇬$576.0bn

2015 — 🇦🇷$642.5bn | 🇳🇬$494.3bn
2016 — 🇦🇷$556.8bn | 🇳🇬$405.0bn
2017 — 🇦🇷$643.9bn | 🇳🇬$375.8bn
2018 — 🇦🇷$524.4bn | 🇳🇬$421.7bn
2019 — 🇦🇷$446.8bn | 🇳🇬$474.5bn
2020 — 🇦🇷$385.2bn | 🇳🇬$432.3bn
2021 — 🇦🇷$486.0bn | 🇳🇬$441.1bn
2022 — 🇦🇷$632.3bn | 🇳🇬$476.5bn

2023 — 🇦🇷$645.5bn | 🇳🇬$363.8bn
2024 — 🇦🇷$632.1bn | 🇳🇬$187.6bn
2025 — 🇦🇷$683.5bn | 🇳🇬$188.3bn

#Statisense
(IMF WEO Apr 2025)

Yemi Kale must be held accountable.

vaxx:
Bank of Ghana Gold reserve

They should keep increasing the reserve

The Dangote Group is set to construct a sugar refinery in Kwame Danso, in the Bono Region. The facility will boast a daily cane crushing capacity of 12,000 tons and will support irrigation across 25,000 hectares. The refinery is anticipated to produce sugar, molasses, and ethanol.

@vaxx, @Just40.

Good news. This would kick off alongside Dangote’s ongoing $700 million sugar investment in Nigeria

GeneralDae:
The Dangote Group is set to construct a sugar refinery in Kwame Danso, in the Bono Region. The facility will boast a daily cane crushing capacity of 12,000 tons and will support irrigation across 25,000 hectares. The refinery is anticipated to produce sugar, molasses, and ethanol.

@vaxx, @Just40.

Good news. This would kick off alongside Dangote’s ongoing $700 million sugar investment in Nigeria

good investment for Dangote foresight.

100 cedis is now 12 thousand naira and 10,000 cedis is now 1.2 million naira.

There is a whole of money to recoup back home for Dangote and a good job opportunity for Ghanaian youth. A win win for both countries.

vaxx:
good investment for Dangote foresight.

100 cedis is now 12 thousand naira and 10,000 cedis is now 1.2 million naira.


There is a whole of money to recoup back home for Dangote and a good job opportunity Ghanaian youth. A win win for both countries

I expected cedis to be strong months ago given the high gold prices. So good one.

vaxx:
good investment for Dangote foresight.

100 cedis is now 12 thousand naira and 10,000 cedis is now 1.2 million naira.


There is a whole of money to recoup back home for Dangote and a good job opportunity Ghanaian youth. A win win for both countries

100 cedis is 10,000 cedis. 10,000 Cedis is 1,000,000 Cedis. I am just remembering you about the 3 zeros yanked out of your denomination.

forgiveness:
100 cedis is 10,000 cedis. 10,000 Cedis is 1,000,000 Cedis. I am just remembering you about the 3 zeros yanked out of your denomination.

Yes cedis was redinominated. Even at that Ghanaian were earing in millions back then . Now the redenomination turns Ghanaian into thousansnaire in Gh and a millionaire in 9ja .

Yet the value remain the same

Laugh louder

GeneralDae:
I expected cedis to be strong months ago given the high gold prices. So good one.

I was even told from a reliable source that naira is trading at about 115 to a cedis .

vaxx:
I was even told from a reliable source that naira is trading at about 115 to a cedis .

Naira is 1590/1600 to USD. It was 1500/1530 for about 3 months until Donald Trump’s tariff issues early April which spiked our Eurobond yields from about 9 to 13% due to investors fear of low oil prices. The continuous low oil prices as well means our Central Bank may try to maintain at 1600 levels for a while.

Ghana on the other hand, is under an IMF program and free from a lot of foreign debt servicing (for now until 2027) which gives you a chance to boost your reserves and strengthen your currency but I don’t know what’s happening.