₦airaland Forum

Who is wale? Never even heard about him.

So, there's actually someone coordinating this economic free fall...

Ritchiee:
Even Buhari has the highest GDP in Africa until he left.
Because of the fakeness of the GDP during Okonjo Iweala period,Nigeria was down in 2014 when Okonjo began to borrow billions to pay workers because oil began to sell for 78 dollars.
They were doing 2 million plus b/d of oil at around 120-150 dollars for more than 4 years..
There were ASUU strikes and all sorts of strikes that lingered and the worst was borrowing money with the trillons Nigeria made from oil during that period.In the history of Nigeria,no govt ever made that humongous revenue.

Mr Edun is managing the economy better with oil at 67 dollars,1.5 million b/d.
Paying workers when due.Trippling govs revenues...most of them are paying their debts and executing laudable projects.
Nigeria has paid off 41 billion dollars debt,settled the 30 trillion ways and means of Buhari,settled the 7 billion dollars of the foreign airlines,GDP last growth was 3.something even better than Britain and some Western nations and above all,things are beginning to ease(Things went awry because of the removal of oil subsidy which Nigeria was borrowing money to sustain).


Go and find out why Obasanjo removed her as finance minister.She was a flop and she showed that flopness when Jonathan brought her back by borrowing money las las.

Yoruba again

Smartcitizen:
I can bet with everything I have that you must be a Yoruba man.

So tribalistic in everything even before God.


What a people?

I can bet you didn't read the post you quoted

004gist:
Oya tinubu should ask let's see.

Taking off the 40 billion dollars off will ease the problem instantly we faces

Tinubu ask oh

No, you don’t still get it. The paris club loans were first taken in 1964 by Sheu Shagari to build the Niger Dam.

The debt reached $31 billion in 2004, so for 40 years we had been servicing a loan.

Obj was able to cancel by paying $12 billion, we still owed others $5 billion.

Now we owe a total of $95 billion, including external and internal. We can try to cancel, its all negotiation, but we will still need to pay at least $45 billion that we don’t have.

In other words, its negotiation, with something.

ArcFresky:
No, you don’t still get it. The paris club loans were first taken in 1964 by Sheu Shagari to build the Niger Dam.

The debt reached $31 billion in 2004, so for 40 years we had been servicing a loan.

Obj was able to cancel by paying $12 billion, we still owed others $5 billion.

Now we owe a total of $95 billion, including external and internal. We can try to cancel, its all negotiation, but we will still need to pay at least $45 billion that we don’t have.

In other words, its negotiation, with something.

As at 1999 debt servicing was 3.5 billion and equivalent of our foreign reserves.... Obj


https://www.youtube.com/watch?v=o8R76DGbFhI?si=N7azD7SJjeTOGkf0

She was sacked because of corruption under OBJ.

ArcFresky:
No, you don’t still get it. The paris club loans were first taken in 1964 by Sheu Shagari to build the Niger Dam.

The debt reached $31 billion in 2004, so for 40 years we had been servicing a loan.

Obj was able to cancel by paying $12 billion, we still owed others $5 billion.

Now we owe a total of $95 billion, including external and internal. We can try to cancel, its all negotiation, but we will still need to pay at least $45 billion that we don’t have.

In other words, its negotiation, with something.

Shehu Shagari was nowhere near the presidency in the year 1964!

SamuraiXXX:
Shehu Shagari was nowhere near the presidency in the year 1964!

Thanks for the correction, I meant to say Abubakar Tafa, but the first loan was still taken in 1964.