₦airaland Forum

Dbegining:
I put it to you that something is seriously wrong with you.

So, you mean, investors won't bother to even do a simple Google search on the GDP of a country they want to invest in?

How old are you?

kettykin:
May it never be well with APC, may APC be cursed and punished more than the devil in hell fire, may APC burn into shreds and become a monumental ash heap

ALTERNATEID:
In terms of real output, our economic performance has not dropped since 2023. In fact, more businesses are making huge money and recording crazy profits.

In Naira terms, our GDP has grown astronomically. Funny enough, when it comes to discussing national debt, hypocritical folks like this guy would argue that we should discuss in Naira terms since Naira is our reporting currency and not the USD but when it comes to discussing GDP, they switch quickly to the USD and ignore the Naira.

Every sensible person knows that the fall in our USD GDP is basically an exchange rate valuation issue and has nothing to do with a drop in the real economic performance. If Tinubu decides to peg the exchange rate at $1/N450 today like Jonathan and Buhari did, our USD GDP will rise immediately to over $600billion. But then, will that add anything to the real performance?


Only a person with a brain full of cow dungs would see the figures of our net foreign reserve and national indebtedness as at 2023 and still argue that we should have continue to borrow to subsidize both PMS and our currency. The era of that pure foolishness is over.


Despite Argentina’s GDP, why are they still borrowing to subsidize their currency? At a time Nigeria’s net foreign reserve has jumped up to over $23 billion, Argentina with big paper value USD GDP is still running to IMF to get bailout loan of $20billion to subsidize their currency. As at today, Argentina is the most indebted country to IMF. Is that the ruinous path you all want our dear country to continue on? You want us to be using N99 out of every N100 revenue that we earn for debt servicing? Don’t you guys pity the country at all?

NGsultan:
https://x.com/StatiSense/status/1917930845131653342?s=19[/quote]Hmm. We even overtook them in 2014. Oil. Nigeria is what happens when you have a monoeconomy. Every rise or fall in oil prices impacts the exchange rate which affects our GDP.

JASONjnr:
Lol....


Nigeria is a great country and [b]we will encourage more foreign [/b]investors to come and do business here.

The more you people keep dragging this kind of news on people's FYPs to see, you are directly telling foreign investors who'd love to bring the changes you want, to look elsewhere. Then al you do is keep wailing.


The US was in a trade war, their citizens never portray the country as a weak economy tonscare investors away.

ALTERNATEID:
In terms of real output, our economic performance has not dropped since 2023. In fact, more businesses are making huge money and recording crazy profits.

In Naira terms, our GDP has grown astronomically. Funny enough, when it comes to discussing national debt, hypocritical folks like this guy would argue that we should discuss in Naira terms since Naira is our reporting currency and not the USD but when it comes to discussing GDP, they switch quickly to the USD and ignore the Naira.

Every sensible person knows that the fall in our USD GDP is basically an exchange rate valuation issue and has nothing to do with a drop in the real economic performance. If Tinubu decides to peg the exchange rate at $1/N450 today like Jonathan and Buhari did, our USD GDP will rise immediately to over $600billion. But then, will that add anything to the real performance?


Only a person with a brain full of cow dungs would see the figures of our net foreign reserve and national indebtedness as at 2023 and still argue that we should have continue to borrow to subsidize both PMS and our currency. The era of that pure foolishness is over.


Despite Argentina’s GDP, why are they still borrowing to subsidize their currency? At a time Nigeria’s net foreign reserve has jumped up to over $23 billion, Argentina with big paper value USD GDP is still running to IMF to get bailout loan of $20billion to subsidize their currency. As at today, Argentina is the most indebted country to IMF. Is that the ruinous path you all want our dear country to continue on? You want us to be using N99 out of every N100 revenue that we earn for debt servicing? Don’t you guys pity the country at all?

ALTERNATEID:
In terms of real output, our economic performance has not dropped since 2023. In fact, more businesses are making huge money and recording crazy profits.

In Naira terms, our GDP has grown astronomically. Funny enough, when it comes to discussing national debt, hypocritical folks like this guy would argue that we should discuss in Naira terms since Naira is our reporting currency and not the USD but when it comes to discussing GDP, they switch quickly to the USD and ignore the Naira.

Every sensible person knows that the fall in our USD GDP is basically an exchange rate valuation issue and has nothing to do with a drop in the real economic performance. If Tinubu decides to peg the exchange rate at $1/N450 today like Jonathan and Buhari did, our USD GDP will rise immediately to over $600billion. But then, will that add anything to the real performance?


Only a person with a brain full of cow dungs would see the figures of our net foreign reserve and national indebtedness as at 2023 and still argue that we should have continue to borrow to subsidize both PMS and our currency. The era of that pure foolishness is over.


Despite Argentina’s GDP, why are they still borrowing to subsidize their currency? At a time Nigeria’s net foreign reserve has jumped up to over $23 billion, Argentina with big paper value USD GDP is still running to IMF to get bailout loan of $20billion to subsidize their currency. As at today, Argentina is the most indebted country to IMF. Is that the ruinous path you all want our dear country to continue on? You want us to be using N99 out of every N100 revenue that we earn for debt servicing? Don’t you guys pity the country at all?

JASONjnr:
Lol....


Nigeria is a great country and we will encourage more foreign investors to come and do business here.

The more you people keep dragging this kind of news on people's FYPs to see, you are directly telling foreign investors who'd love to bring the changes you want, to look elsewhere. Then al you do is keep wailing.


The US was in a trade war, their citizens never portray the country as a weak economy tonscare investors away.

JASONjnr:
Lol..... you can't compare the corruption in America with any African country but yet they don't bring themselves outside or in the media. Rather they point fingers at you while you feel it's okay to wash your dirty clothes outside for them to applaud you.

There are killings and hunger and many people getting kicked out of their apartments because they couldn't afford it. There are lots of Americans pushing drugs...but they're not getting the media attention like Africans portray themselves.

Bobloco:
The damage Tinubu has done to our economy in just two years is practically unimaginable. Tinubu single-handedly damaged the Nigerian economy. In fact, Tinubu only came to kill, steal, and destroy....nothing more, nothing less.

Agboriotejoye:
Fake stats

If not that Tinubu is not proud. He will just make N1=$1 and Nigeria's GDP will overtake even US to become $79trn

Who goes about calculating GDP in dollars if not enemies of the country who want to downgrade the good work of our lord and Master jagaban

I think we should rename 2015 as the year of calamity

JASONjnr:
Lol....


Nigeria is a great country and we will encourage more foreign investors to come and do business here.

The more you people keep dragging this kind of news on people's FYPs to see, you are directly telling foreign investors who'd love to bring the changes you want, to look elsewhere. Then al you do is keep wailing.


The US was in a trade war, their citizens never portray the country as a weak economy tonscare investors away.

JASONjnr:
Lol....


Nigeria is a great country and we will encourage more foreign investors to come and do business here.

The more you people keep dragging this kind of news on people's FYPs to see, you are directly telling foreign investors who'd love to bring the changes you want, to look elsewhere. Then al you do is keep wailing.


The US was in a trade war, their citizens never portray the country as a weak economy tonscare investors away.

JASONjnr:
Lol....


Nigeria is a great country and we will encourage more foreign investors to come and do business here.

The more you people keep dragging this kind of news on people's FYPs to see, you are directly telling foreign investors who'd love to bring the changes you want, to look elsewhere. Then al you do is keep wailing.


The US was in a trade war, their citizens never portray the country as a weak economy tonscare investors away.

Rossikk:
Investors also study public sentiment and public backing for government policies etc.

Of course they will be discouraged by general despondency in the population, especially of the type driven by anti-Nigerian, traitorous, hateful, bitter secessionist wastrels pretending to be ‘Nigerians’ online.

NGsultan:
https://x.com/StatiSense/status/1917930845131653342?s=19[/quote]These reports are conflicting...I don't know who to believe again...

JASONjnr:
Lol....


Nigeria is a great country and we will encourage more foreign investors to come and do business here.

The more you people keep dragging this kind of news on people's FYPs to see, you are directly telling foreign investors who'd love to bring the changes you want, to look elsewhere. Then al you do is keep wailing.


The US was in a trade war, their citizens never portray the country as a weak economy tonscare investors away.

Rossikk:
Totally irrelevant questions to what he’s saying.

mrvitalis:
So you think a so-called investors dont have all the information about Nigerian? ... You really think investors are fools?