₦airaland Forum

iwaeda:
Under GEJ, we had better GDP in 2014, but the children of CHANGE, changed everything.

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.

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..... 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.

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.

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

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?

QuinQ:
Do you know what is GDP at all? What has GDP to do with exchange rate??!

Sheuns:
US citizens don’t need to market their country for investors to come in. The government and institutions are in place to ensure that.

If Nigerian government and institutions do not put the country on a positive pedestal, no amount of marketing from the citizens will bring investors into the country.

Investors have indices they look for before investing in a country or market.

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:
For any investor to invest in a country, they usually visit the country and observe the market..... the hospitality and other key factors. E.g. weather and resources, etc

But they don't do that anymore because you feed them off on social media.

ibux:
a lot. if our GDP is N1billion in 2022 (During Buhari, N500=$1) and has become N3billion now (under Tinubu, N1,500=$1).
then our GDP in dollar terms will still be around the same value, despite that our GDP value has tripled in naira terms, yet it had depreciated in dollar terms, over the same period .

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

QuinQ:
GDP is the total value of goods and services produced within a country's borders during a specific period.
See below. Nigeria went from having a higher GDP to being 200bn behind. Tell us how
exchange rate did it

SamuelLoch:
Don't mind them. When NEWS reports said businesses are collapsing and shutting down because of the harsh economic realities, they said it's a propaganda by opposition parties to denounce their efforts.

The stats are available for all to see, yet they are claiming it's not valid... Would 200bn just disappear and be a mistake by statisticians? What about other years?

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:
For any investor to invest in a country, they usually visit the country and observe the market..... the hospitality and other key factors. E.g. weather and resources, etc

But they don't do that anymore because you feed them off on social media.

Mindlog:
Propaganda can't airbrush reality.

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?

QuinQ:
Do you know what is GDP at all? What has GDP to do with exchange rate??!

Image123:
GDP, Gross/Total Domestic Product is the total value of all goods and services a country produces in a year.

In simple terms, it's like adding up everything a country makes—like cars, food, clothes, and services like haircuts or teaching—to see how rich or productive it is.
When your salary, business, my salary and that all Nigerians are added together. This is then converted to dollars.

That's the point that fellow made about exchange rate. GDP is just a di.ck measuring contest, it is pretty much useless asides bragging. You can be in debt in the trillions and zillions and have GDP.
That current $188.3 billion dollars is about 302,001,904,540,000 naira. That's 302 trillion naira. If the government foolishly pegs the dollar to 450naira per dollar as offical rate, our GDP will simply be recorded as 671 billion dollars. You can wonder why anyone should deceive himself this way.

erniok:
Jasonjnr was once in PDP and now in APC so you should expect the new drivel he keeps posting in support of APC.

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]One Country is putting in the work while the other relies on prayer

QuinQ:
GDP is NOT a dick measuring contest. If companies are folding up and others leaving the country and people no longer able to buy as they used to, there'd be a dramatic decline in GDP.
Note below, how we went from higher GDP to $200bn lower while exchange rate stayed the same

Emeskhalifa:
Is Nigeria still running to IMF too abi Nigeria don stop to borrow as una don plunge our GDP

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.

Image123:
.