₦airaland Forum

richmond500:
So wetin concern Nigeria if Burkina Faso collect loan?

What also concerned Nigeria if Burkina Faso built a road

ponishah:
I hate APC and all that come with it, but you are dodging the truth.
Leave Nigeria issues out of this, me, I am still shocked to read that he actually borrowed , especially from IMF.
Guy you no go say e no shock you, just talk true small.
Nothing good comes from African rulers.

Even North korea borrows from IMF the terms and what it's used for is the Koko

porthouse7:
you are far behind realities, the country is in shambles. terrorist are having upper hand in that landlocked county, the propaganda is actually tweaking and people are getting to know the reality

Some. Of you are just ignorant and arrogant very bad combination and worse is Google and chatgpt is free

fuckJones:
you reason as if you get your brain from jumia, Nigeria ranks 146 out of 191 countries on GDP per capita while Burkina Faso's GDP per capita ranks 179th globally

note, GDP per capita of a country is calculated by dividing total GDP of the country by its total population. Nigeria population is ten times higher than that of Burkina Faso, Burkina Faso population is just 23m while that of Nigeria is over 240m.
Nigeria is ranked as the 53rd-largest economy in the world in terms of nominal GDP, the second largest in Africa in terms of purchasing power parity, and the 27th-largest in terms of purchasing power parity

I was expecting you to drop evidence.. But na simple Google search would have saved you

SmartyPants:
Look at this guy. Vita, who are you trying to impress with 100k?

Take the information and rest. Take it as my humble contribution to improving your knowledge. And this is World Bank data my good man!

Ordinarily, what educated person would even believe that Burkina Faso has a higher GDP per capita than Nigeria anyway? Do you need evidence for you to discount such an idea even just logically?

We are in 2025 and you are using 2023 starts? APC people and sense are far apart sha

Your president met it at 1500 now it's 808
Burkina Faso president met it at 878 now it's 1.1k dollars

What happened to the gold mines and reserves that he nationalized? After all this talk of kicking out the French he still borrows from them?

Moroccoguy:
No country can survive without load, America is the head boy of debtors.

Noooo Bwana, you are wrong, cos in KiVuKi Land we surviving and doing well without loan

mrvitalis:
Google oga it's not hard.... Some of you can't even Google

I just checked and you seemed "right."

However, the figure is down due to the Naira develuation.

If the economy was rebased as was done in 2007, per capita income would be at least $2,000. In 2007, it was over $3,000 in 2007.

mrvitalis:
Some. Of you are just ignorant and arrogant very bad combination and worse is Google and chatgpt is free

what's my business with the rubbish you posted, the country is tn mess presently, no amount of media wash will change that, I have a Burkina friend, we meet in Ghana, a very intelligent guy, we chat everyday

kabillion:
What also concerned Nigeria if Burkina Faso built a road

But the thread was originally about Burkina Faso now.
Infact it's the main reason i opened the thread because it was in full contradiction of the narratives that's been flying around.

mrvitalis:
I was expecting you to drop evidence.. But na simple Google search would have saved you

I was very right when I said you got your brain from jumia, the whole of Burkina Faso economy can't never be compair with that of Lagos in Nigeria.
let compair Lagos to Burkina Faso:

Lagos population is 22m while that of Burkina Faso is 23m

Lagos GDP is $250b while that of Burkina Faso is $20b base on purchasing power parity

Lagos GDP per Capita is $4189 while that of Burkina Faso is $860

tell me how Burkina Faso is better than Lagos?

porthouse7:
what's my business with the rubbish you posted, the country is tn mess presently, no amount of media wash will change that, I have a Burkina friend, we meet in Ghana, a very intelligent guy, we chat everyday

I just showed you data that proves that Burkina Faso has a better GDP per capita than Nigeria yet you say how's that your business?

Ignorance sha is bad

grandstar:
I just checked and you seemed "right."

However, the figure is down due to the Naira develuation.

If the economy was rebased as was done in 2007, per capita income would be at least $2,000. In 2007, it was over $3,000 in 2007.

Lmaooo some of you are funny... Facts are facts... Truth us bitter APC has retrogressed Nigeria that's a fact

Did Burkina Faso rebase their economy?

mrvitalis:
We are in 2025 and you are using 2023 starts? APC people and sense are far apart sha

Your president met it at 1500 now it's 808
Burkina Faso president met it at 878 now it's 1.1k dollars

Just that you are not too educated my friend, you should know that economic data for the year 2025 will only be available in 2026 or even later than that. What you have done is like predicting a students final result in year 100, based on their current behaviour. Even if you don't understand this, didn't you see the word "projected" in the gibberish you just shared?

They are doing ok. $32 million is ground nuts. They haven't significantly increased borrowing and are slowly paying off external debt to the west. Rome wasn't built in a day. They have a line of credit of over $344 million with the IMF if needed.

Here's the numbers for the number crunchers. Too much to copy and paste.

https://www.imf.org/external/np/fin/tad/balmov2.aspx?type=TOTAL

mrvitalis:
Lmaooo some of you are funny... Facts are facts... Truth us bitter APC has retrogressed Nigeria that's a fact

Did Burkina Faso rebase their economy?

Oga, if they told you a man went from 105kg to 25 kg in 3 weeks, would you believe it?

That's the same thing as believing Nigeria's per capita income is now $800.

I am neither APC nor PDP. I am apolitical. They are all crooks.

If I was to choose a candidate purely for his proposed economic policies, it would have been Atiku.

Secondly, judging the economy by parties is unsound,

It is best judged by presidents, and not parties.

OBJ- A3
Yar'Adua- C2
Jonathan- D
Buhari- F9 raised to the power 10
Tinubu- A3

Buhari completely destroyed the economy. That was why people were Japaing.

Tinubu is reviving it but economic reform is always painful.

Things wouldn't have been this bad had Emefiele refused to coorperate him.

97% of government of government revenue was going towards debt servicing. Imagine you collecting a salary of 1m monthly, and you're left with only 30k after servicing your debt. The World Suggest 20% but Nigeria's was 97%. That Kenya is about 40% and the country has to implement reforms to increase revenue and there are protests everywhere.

SmartyPants:
Just that you are not too educated my friend, you should know that economic data for the year 2025 will only be available in 2026 or even later than that. What you have done is like predicting a students final result in year 100, based on their current behaviour. Even if you don't understand this, didn't you see the word "projected" in the gibberish you just shared?

Lmao so you don't know those mathematics you learned have uses?

GDP in 2024 is known, projected growth is known

What else do you need y calculate 2025 GDP to less than 0.1% marginal error?

Lmaooo

Enugurangers:
So he has actually been borrowing money since the coup. This guy has used propaganda to wound people in Africa

You are the one deceiving yourself or very ignorant. Which country in the world that does not borrow. Now compare what he has borrowed in that same period to what Nigeria has borrowed. Even our States borrow more than an entire country.

He didn't for once, na Nigerians wey wan paint Tinubu in a bad light are the ones who have been peddling those lies! 😁

Enugurangers:
So he has actually been borrowing money since the coup. This guy has used propaganda to wound people in Africa

grandstar:
Oga, if they told you a man went from 105kg to 25 kg in 3 weeks, would you believe it?

That's the same thing as believing Nigeria's per capita income is now $800.

I am neither APC nor PDP. I am apolitical. They are all crooks.

If I was to choose a candidate purely for his proposed economic policies, it would have been Atiku.

Secondly, judging the economy by parties is unsound,

It is best judged by presidents, and not parties.

OBJ- A3
Yar'Adua- C2
Jonathan- D
Buhari- F9 raised to the power 10
Tinubu- A3

Buhari completely destroyed the economy. That was why people were Japaing.

Tinubu is reviving it but economic reform is always painful.

Things wouldn't have been this bad had Emefiele refused to coorperate him.

97% of government of government revenue was going towards debt servicing. Imagine you collecting a salary of 1m monthly, and you're left with only 30k after servicing your debt. The World Suggest 20% but Nigeria's was 97%. That Kenya is about 40% and the country has to implement reforms to increase revenue and there are protests everywhere.

Tinubu A3.... Lmaooo
A man who moved economy from 375 billion to 190 billion

Baba say it's hard to believe facts are there and you say it's hard to believe

Why won't it be hard for you when you are blinded by tribal sentiments

mrvitalis:
Even North korea borrows from IMF the terms and what it's used for is the Koko

The guy is fake.
You can't puke and swallow.
He will end up corrupt a dictator

ponishah:
The guy is fake.
You can't puke and swallow.
He will end up corrupt a dictator

Being a dictator is not bad being a bad dictator is bad

If Obasanjo was our president till now we would be a trillion dollars plus economy... Nigeria would better in every aspect

China, Vietnam, Russia, Saudi, Kuwait, Qatar, Egypt and many more are ran by dictators yet are making massive progress

grandstar:
Their per capita income isn't higher than Nigerias. I doubt it's even up to half.

Don’t mind the sheer ignorance of the poster that said that nonsense. Burkina Faso doesn’t measure up to Nigeria on several metrics whether economy,
Infrastructure, Gdp per capita (which is actually a wack way of indicating wealth distribution) and so on.

JuanDeDios:
It's Russian disinformation bots spreading pro-army rule propaganda. People don't know what we're up against. Even educated Africans are falling for it.

Serious targeted disinformation campaigns walai. If you knw the way Traore is rapidly selling his country’s resources to Russia ehn you will weep for the poor b*stards. Russia’s Norgold currently owns Jilbey Burkina which owns the 3 largest gold mines in the country.

https://www.reuters.com/world/africa/burkina-faso-grants-mining-lease-russias-nordgold-gold-project-2025-04-25/

mrvitalis:
Tinubu A3.... Lmaooo
A man who moved economy from 375 billion to 190 billion

Baba say it's hard to believe facts are there and you say it's hard to believe

Why won't it be hard for you when you are blinded by tribal sentiments

What tribal sentiments? You can read what this Yoruba man said below:

https://thenationonlineng.net/subsidy-removal-floating-of-naira-disruptive-changes-nigeria-must-go-through-soludo/

Stop using the tribal card when the news does not fit your narrative. I am apolitical. I have even said I would have preferred Atiku's policies over Tinubu's. Is Atiku Yoruba?

All the 3 main presidential candidates were also going to end fuel subsidies and make the Naira market reflective again. What's the noise now about Tinubu for implementing those very same reforms?

Why did the country's GDP drop so drastically? It was due to the Naira losing about 60% of it's value.

So, let's say the country GDP is 100 trillion naira and th exchange rate is $1- N500. That means the country's GDP in dollars would be $200bn. Now, if the exchange rate now fell to $1-N1,500, that means the GDP is now $66bn. The fall is down to the drop in the exchange rate.

However, it won't remain that way forever. Soon, prices would begin to adjust to the new value. I am an estate agent and I have seen property prices increase by over 100% in the last 2 years. Salaries too will increase. In time, when a rebasing of the economy is carried, the nation's GDP would be much higher.

mrvitalis:
Some. Of you are just ignorant and arrogant very bad combination and worse is Google and chatgpt is free

This ur chart is either wrong or not current. Stop spreading misinformation jor. Nigeria’s GDP per everything in fact is higher than Burkina Faso’s.

mrvitalis:
The ignorance of APC guys is too obvious ... Once u see their comments you know

His country has a better GDP per capita than nigeria

This currency Performs better than your currency

His approval rating is more than your president

GDP growth is more than your country

Yet you think is propaganda?

Victims of propaganda are usually the ones to call other things propaganda

It’s even madness to compare a country the size of Nigeria to Burkina Faso. You actually don’t know what u are comparing. Your points are beer palour talks.

EnkayDezign:
Don’t mind the sheer ignorance of the poster that said that nonsense. Burkina Faso doesn’t measure up to Nigeria on several metrics whether economy,
Infrastructure, Gdp per capita (which is actually a wack way of indicating wealth distribution) and so on.

A Jordanian who travelled to Ivory Coast was stunned by how advamced it was. It was way ahead of Amman, the capital of Jordan. Yet, it's per capita income is about $2,900 while Jordan is about $4,700. It makes absolutely no sense.

You're correct about per capita income. If it really was a good metric, there's no way possible that Missisippi has a higher standard of living that Germany.

nwirinedu:
What happened to the gold mines and reserves that he nationalized? After all this talk of kicking out the French he still borrows from them?

He didn’t really nationalise them. He is actually selling them to Russian companies and offering these same companies leases to the mines.

Jilbey Burkina, the country’s largest mining company is now owned by Russian company Nordgold.

https://www.reuters.com/world/africa/burkina-faso-grants-mining-lease-russias-nordgold-gold-project-2025-04-25/

Lucas4903:
It’s even madness to compare a country the size of Nigeria to Burkina Faso. You actually don’t know what u are comparing. Your points are beer palour talks.

I was expecting you to drop points and evidence to back them up... But na