₦airaland Forum

Irony1:
Oga it was the tariff policies of US that made them downgrade. But the A1 rating is still good for business and real investment, because other factors of production are still there. In Nigeria's case the upgraded rating is for confidence to portfolio investors so that they can trade in Nigerian securities. The real investment which is needed for the economy is not there. Nigeria is still high risk for real investment that will create jobs.

You guys are irredeemable. You would fight tooth and nail to give excuse for the western world even when they are going down the hill.

Who started Tarrif trade war? Trump. Was that not part of his policies?

Moody upgraded Nigeria and downgraded US credit ratings. Why is that difficult for you to understand? Why are you arguing what’s not?

Lanretoye:
Na free food some people think say na good economy,until government start giving free food,free house,salary without working is when the government is working

Well, it happened in Libya under Gaddaffi, So why not Nigeria😂?

nedu666:
Reforms that don't improve welfare of ordinary Nigerians is useless reforms. Govt is not about raising revenue and borrowing money

The genesis of what you are going through now came through your economy performing poorly almost at the point of halt such that Nigerian economy was rated lowly, foreign investors avoided us, existing companies started leaving, borrowing became very expensive but we had to borrow paying higher interest rates etc. The leaders padded the economy by making things look good through subsidy in various areas. They were afraid of the backlash if they take the right decisions. We were headed to the point of total collapse.

Way back in Jonathan's regime Okonjo-Iwuala raised the alarm but Jonathan was weak. World institutions warned. Someone came in and looked at the future and not the present of the country and decided to take that hard choice. The choice of course must come with pain but it will make the future bright. If this choice was made when economy was not totally down the pain would have been less.

OBJ to an extent cleared the old mess but he failed to prepare us for the future. He had thought that he would have used the third term to do this. Jonathan rubbished OBJ's cleansing. Buhari increased Jonathan's mess. This is the point that PBAT took over.

His choice was: continue on the old part and be temporarily popular and we grand to a halt or reverse the old order with pains and become for now unpopular but have Nigeria prepared for a sustainable future. He choose the latter.

I have taken time to explain this because people that are looking at politics do not understand why people like us support PBAT. I support his policies and not his person because I understand economics and finance.

There are a lot that he's not doing eg corruption, cost of governance and reduction of waste. But trust my word Nigeria is on track if we can drag what he is doing for the next six years and of course improve on those ones that he is not doing.

MT:
You guys are irredeemable. You would fight tooth and nail to give excuse for the western world even when they are going down the hill.

Who started Tarrif trade war? Trump. Was that not part of his policies?

Moody upgraded Nigeria and downgraded US credit ratings. Why is that difficult for you to understand? Why are you arguing what’s not?

Oga try and stop being biased. I never in anyway gave any excuses for anyone. US was downgraded simply because of the tariff issues. Moody upgraded Nigeria just to give confidence to portfolio investors, it doesn't reflect positively on real investments that create jobs.
So please stop all this propaganda, see mark my words, Nigeria will float a diaspora bond again.

lionshare:
This view is flawed because repayment depends on economic growth, which requires lender confidence. Ignoring key metrics like revenue-to-GDP and debt servicing-to-revenue ratios overlooks essential indicators of repayment capacity.

Repayment doesn't depend on economic growth bruv, stop deceiving people abeg. Portfolio investments are hedged on crude oil sales. There is no economic growth in the real sense of the word.

lionshare:
So, are you suggesting that FPI into the debt market cannot generate jobs or income opportunities in the economy? Do you really think that those raising funds through instruments like commercial papers intend to just keep the money idle without investing it productively?

Bros calm down these propaganda games no dey sell again. The government has a revenue problem and they need to fund the budget. All these are just avenues to fund the budget, there is no economic production these funds will be channeled to.

rickleye:
And what does that mean to John Doe and Jane doe. It doesn’t bring down inflation or create jobs or improve infrastructure. It simply means we can borrow money and pay back when due.

Don’t be a cynic.

That ability to borrow money at a much lower interest rate is significant. Every country runs after improved credit rating.

Why are you guys so negative about your own Nation?

Irony1:
Oga try and stop being biased. I never in anyway gave any excuses for anyone. US was downgraded simply because of the tariff issues. Moody upgraded Nigeria just to give confidence to portfolio investors, it doesn't reflect positively on real investments that create jobs.
So please stop all this propaganda, see mark my words, Nigeria will float a diaspora bond again.

You think Moody is as sentimental as you.

They have indices they look at before upgrading and downgrading.

Stop being cynical.

WiszyFraud:
Yeahh.

But the common man still finds it difficult to afford basic needs.... The president needs to do better. .

Don't worry, Rome wasn't built in a day

Irony1:
Repayment doesn't depend on economic growth bruv, stop deceiving people abeg. Portfolio investments are hedged on crude oil sales. There is no economic growth in the real sense of the word.

You seem to be contradicting yourself—if portfolios are hedged based on crude sales projections, doesn’t that indicate evidence of capacity for repayment?

Moreover, such hedging reflects an expectation of likely revenue increases, which can boost government spending—a vital component of GDP and the overall economy.

Irony1:
Bros calm down these propaganda games no dey sell again. The government has a revenue problem and they need to fund the budget. All these are just avenues to fund the budget, there is no economic production these funds will be channeled to.

It seems you lack a clear understanding, which may explain why you have avoided answering the questions posed.

It simply means we can borrow money easily and some people are celebrating. Illiteracy and mediocrity will either end some people or keep them as slaves forever

That's not his job!

WiszyFraud:
Yeahh.

But the common man still finds it difficult to afford basic needs.... The president needs to do better. .

lionshare:
Actually, it will help tame inflation and promote investments that create jobs and opportunities for both the rich and the poor.

I like your optimism- but being alive for as long as I have it isn’t in our DNA. I might be wrong but unless you have a government that continues on this trend for a good 20 years - they aren’t creating good affordable jobs . Companies are leaving , ones that have been here for 100’s of years. So I am not sure where the job creating will come from .

MT:
Don’t be a cynic.

That ability to borrow money at a much lower interest rate is significant. Every country runs after improved credit rating.

Why are you guys so negative about your own Nation?

Read the newspapers . Ask the graduate who can’t find a decent job. Insecurities everywhere . The port harcourt refinery fiasco .
Tell me what do I gained by being so patriotic.

rickleye:
Read the newspapers . Ask the graduate who can’t find a decent job. Insecurities everywhere . The port harcourt refinery fiasco .
Tell me what do I gained by being so patriotic.

No where is safe in the world. Killings happen per second in the almighty US. There are unemployment in western nation. We can’t benchmark the growth of the country on your frustrating personal life.

Why don’t you ask yourself how others like you are making it in the corporate world in the same country you are lamenting. You need to address your value system.

And more so, you don’t have to be patriotic, there is a renunciation form at the Immigration offices in Nigeria, go there, collect the form and fill it. You will no longer be a Nigerian, you will become stateless. It is your right, please activate it and rid yourself of this misery.

lionshare:
It seems you lack a clear understanding, which may explain why you have avoided answering the questions posed.

I didn't aboid answering any questions. I actually responded to them.

lionshare:
You seem to be contradicting yourself—if portfolios are hedged based on crude sales projections, doesn’t that indicate evidence of capacity for repayment?

Moreover, such hedging reflects an expectation of likely revenue increases, which can boost government spending—a vital component of GDP and the overall economy.

That defeats the real.aim of growing an economy. You and I know ow that this government is looking for ways to financie it's budget, not really about driving the economy. So it still means that we will spend money on debt obligations a large chunk of revenue at that.

MT:
You think Moody is as sentimental as you.

They have indices they look at before upgrading and downgrading.

Stop being cynical.

Dude you are they cynical one here. For investor confidence in your financial instruments, there has to be a rating backing them. So moody's rating only benefits portfolio investors.
The real investments are influenced by factors mote than a rating done by a rating agency.

Vision101:
The genesis of what you are going through now came through your economy performing poorly almost at the point of halt such that Nigerian economy was rated lowly, foreign investors avoided us, existing companies started leaving, borrowing became very expensive but we had to borrow paying higher interest rates etc. The leaders padded the economy by making things look good through subsidy in various areas. They were afraid of the backlash if they take the right decisions. We were headed to the point of total collapse.

Way back in Jonathan's regime Okonjo-Iwuala raised the alarm but Jonathan was weak. World institutions warned. Someone came in and looked at the future and not the present of the country and decided to take that hard choice. The choice of course must come with pain but it will make the future bright. If this choice was made when economy was not totally down the pain would have been less.

OBJ to an extent cleared the old mess but he failed to prepare us for the future. He had thought that he would have used the third term to do this. Jonathan rubbished OBJ's cleansing. Buhari increased Jonathan's mess. This is the point that PBAT took over.

His choice was: continue on the old part and be temporarily popular and we grand to a halt or reverse the old order with pains and become for now unpopular but have Nigeria prepared for a sustainable future. He choose the latter.

I have taken time to explain this because people that are looking at politics do not understand why people like us support PBAT. I support his policies and not his person because I understand economics and finance.

There are a lot that he's not doing eg corruption, cost of governance and reduction of waste. But trust my word Nigeria is on track if we can drag what he is doing for the next six years and of course improve on those ones that he is not doing.

Oga take am easy to dey lie. There was never a time Okonjo Iweala stated that GEJ was weak. She only raised an alarm on the state of the economy and increased borrowing.

MT:
No where is safe in the world. Killings happen per second in the almighty US. There are unemployment in western nation. We can’t benchmark the growth of the country on your frustrating personal life.

Why don’t you ask yourself how others like you are making it in the corporate world in the same country you are lamenting. You need to address your value system.

And more so, you don’t have to be patriotic, there is a renunciation form at the Immigration offices in Nigeria, go there, collect the form and fill it. You will no longer be a Nigerian, you will become stateless. It is your right, please activate it and rid yourself of this misery.

You don’t have to benchmark the growth of the country on my frustrating personal life but you can benchmark it on unemployment rate and the degree of corruption everywhere as well as GDP.
And if you are really being honest with yourself the rich and getting richer and the poorer pay the price.
I find people like you can’t have a honest passionate conversation without trying to make it personal and score gimme points.
Yes, the almighty Europe countries have insecurity but I can travel from east to west at night and not be scared of thieves on the road.

rickleye:
I like your optimism- but being alive for as long as I have it isn’t in our DNA. I might be wrong but unless you have a government that continues on this trend for a good 20 years - they aren’t creating good affordable jobs . Companies are leaving , ones that have been here for 100’s of years. So I am not sure where the job creating will come from .

I appreciate your cautious optimism many don’t understand the importance of political stability to economic prosperity—hopefully the president will ensure that sustainability.

Irony1:
That defeats the real.aim of growing an economy. You and I know ow that this government is looking for ways to financie its budget, not really about driving the economy. So it still means that we will spend money on debt obligations a large chunk of revenue at that.

With due respect sir this is not your forte—happy new month.

Brendaniel:
If Tinubu's job is not to secure the farmers and improve the lives of Nigerians what then did he come to do as president?

even you,as nuclear as you are,have you been able to provide everything your family needs?…even for yourself

nedu666:
But govt is fixing the life of govt officials buying them luxury cars, houses, paying them estacodes, all sorts of allowances but you feel govt owes you nothing. Unfortunate beings

if you are fortunate,you no go Dey wake up every morning and be blaming government…what stops you from being a government official too so you can be enjoying luxury cars and all,na u be the unfortunate person if u check am.

Lanretoye:
even you,as nuclear as you are,have you been able to provide everything your family needs?…even for yourself

Are you saying if you are the CEO of a company you shouldn't provide everything the company needs?

What are you paid to do?

I now see why you guys can support Tinubu without having problem with your conscience because you people don't see Nigeria as your own, you don't love Nigeria, you don't love Nigerians..

If Nigeria was your family's company would you support Tinubu to lead the company after he wrecked it for 8 years supporting a man he recommended to your family just because he wanted to lead the same company after 8 years of destruction?

Lanretoye:
Na free food some people think say na good economy,until government start giving free food,free house,salary without working is when the government is working

Don't mind them.
Good government is where they don't have to work.
Where an okada rider have three wives and side chicks.
Awon werey.

MichaelSokoto:
yet hunger & poverty has shot above d roof since creation of Nigeria...


it is APC vs Nigerians in 2027

The hunger in Nigeria, is a child's play, compared to Benin Republic, Togo and Ghana.
Even those selling food can't eat .
They are mostly on " sokudale " watery beans loaded with garri.
Anytime I see their situation, I blessed God for Nigeria, these countries are the leeches feeding fat on Nigeria.
But the insurgents in the North had created food scarcity in Nigeria, and jerked up the prices of food stuffs and so, they were also affected.