₦airaland Forum

chidiokay:
if its possible which ever school you attended suppose recall your certificate and throw you out of there school gate ..

speaking jargons with confidence ... 🐐

Good evening, and good luck. May you be blessed by God richly in all your endeavours.

Truths9ja:
Check out the Infograph of Nigeria Foreign direct investment inflow by administration since 1999.

Hmm FDI isn't forthcoming in Tinubu government. Government going to 3 years now..

With the foreign investment in GEJ time the economy was mismanaged by one wicked woman who served as petroleum minister

nairalanda1:
You are making the mistake of saying I support APC, when I do not, so you are not worthy of an explanation.

I will leave you with this

Dutch disease.

When you get it, you will get why tinubu is a bad leader, why all his predecessors are bad, and why subsides are a bad idea.

Good evening, young grumbler. Keep supporting tinubu. As for me, he is a failure...as is APC.

Subsidy as never being a bad policy, on the premises of most developed countries with good economy are still subsidizing till date

America, germany e.t.c started subsidy before Nig. and they are still subsidizing

One of the primary functions of govt is to creat Enabling environment, which subsidy can facilitate and FDI resonates with enabled environment, cos investors look before they leap

please go to school man

Truths9ja:
Foreign direct invis very low in Tinubu administration. Foreign investors are not investing in Nigeria presently.

In the diagram above,you saw it with your korokoro eyes how low it was when Tinubu took over. You didn't blame Buhari for being a failure for 8yrs,but you are quick to judge person that is just 2yrs for low inflo even when you saw it is higher than how Buhari left it.

Kukutente23:
Before covid nko?
APC and excuses
Una no dey tire
Global financial crisis happened under PDP and we didn't hear all these stories

GEJ has the highest crude oil prices in the history of Nigeria ...there is dwindling investment in oil the world over and thus wasn't the case pre 2015,most oil majors are already divesting off shore assets....you really need to put all these in context and would be wrong not to consider them.

Tax reform,local refining,financial sector expansion and agricultural development which state govs aren't tapping into can double our GDP in the next 3 to 4 years.

Even in death, President Umar Musa Yar'Adua is still better.

Truths9ja:
Check out the Infograph of Nigeria Foreign direct investment inflow by administration since 1999.

Hmm FDI isn't forthcoming in Tinubu government. Government going to 3 years now..

With the rumour of a new terrorist organisation getting set to rule some part of the south west (Kwara state for instance), foreign investments are expected to reduce by next year... that's if the government keeps prioritising re-election over tackling insecurity and economic reforms..
I pray Nigerians get it right in 2027 and we vote with our brains not with our stomach...

Image123:
check my updated post and update your knowledge.

Your updated post is disgraceful and even indicts your party more

If over 60% inflow was due to oil and gas, when the inflow was around $5bn on average which means oil and gas inflow alone was $3bn then, how does it make sense that you are justifying oil and gas inflow falling to a paltry 6% when total FDI has slumped to $1bn on average which means oil and gas inflow has slumped drastically to a paltry $216m? Can you explain to any human with commonsense how that is something to rejoice about? Wouldn't it have made more sense if oil and gas stayed at $3.6bn and its FDI quota is 6%? Wouldn't that be something to celebrate? I wonder what they do to people's ability for logical reasoning and thinking in that APC

What is the relationship between a promise to spend 1 term and FDI growth? Na wa o

nairalanda1:
You did not read my full post.

Also, all this your complaining about subsides, no matter how much you guys shout at me, nothing changes my opinion. Subsides are why we now have a very huge debt, and four ruined refineries. Sorry you cannot see that. And I am no APC or PDP supporter.

Again you are off point. Since you did not understand my question, let me ask again.
Please explain how subsidies affect FDI.
You wrote about what you perceive to be it's impact of debt and refineries but you did not attempt the question. I only asked about its effects on FDI

nairalanda1:
I am not here to defend APC...

Yes, very true, but the thing is, oil prices were going up, and then we got our loans forgiven in 2005. See the graph from 2006-when he left office. Naturally, confidence.

Same thing with Yaradua and GEJ...FDI was high because high oil revenues.

Same thing happened in 1973-82, when oil prices were high, and when we had car and truck assembly plants all over the country, and Lagos had a booming industrial sector...along with Ogun, and other parts of the country. Money attracts money.

If Obasanjo had stayed, by now we would be blaming him for squandering the oil money boom.

The best way to keep FDI High enough....you remove subsides, you reform the tax sector, you also fight corruption and invest heavily in education, especially technical education, and you invest in infrastructure like roads and railways. We have always failed in fighting corruption and education, and security.

If not for maturity I would have insulted you for this response before but I am a better man now. Ideally, I have stopped responding to fake narratives on this platform but distortion of facts such as this if left unchallenged would be taken by ignorant folks and turned to truths in beer parlours or public discourse.
Firstly, there's no correlation between oil prices and FDI in any economy, while oil prices impacts government revenue to fund budget, FDI impacts inflows that mainly translates to exchange rate stability. The main reason naira was stable and not devalued daily in objs regime was due to the high rate of fdis experienced in his time . All the policy direction of obj like sale of NNPC,sale of nitel,NEPA ,debt forgiveness, floating of NLNG and better security network is what aided the massive influx of FDI's in his time and not your warped half-baked analysis of oil prices. If it's oil prices then why did Jonathan not attract better FDI than obj since oil price was much higher in his time than OBJs own?
What the guy said is the truth that obj is by far the best president Nigeria has ever had and should have been allowed to continue. Was there book haram or bandits in OBJs time? Would any investor want to invest in a boko haram haven?
Sometimes when you peddle your fact misrepresentation you should limit it to illiterates and ignorant fellows and not come online to just spit jargons to those that actually experienced it.

Lithiumite:
GEJ has the highest crude oil prices in the history of Nigeria ...there is dwindling investment in oil the world over and thus wasn't the case pre 2015,most oil majors are already divesting off shore assets....you really need to put all these in context and would be wrong not to consider them.

Tax reform,local refining,financial sector expansion and agricultural development which state govs aren't tapping into can double our GDP in the next 3 to 4 years.

What is the impact of highest crude price on FDI? Do you know what FDI means?
Can you show with verifiable facts that there is dwindling investment in oil sector all over the world?
What is the cause of the divestment? Why is it happening under your APC?
Lol. Tax reform will double GDP. I really don't know what shite you guys are smoking. But it is darn strong

From the graphic data,

Two presidents have all Green and Two other presidents all Red.

The Current President is sweeming in Red Thursfar, and, from his body language his records may end in later R.............

A Chicago accountant who says "Na Statistic we go chop!!! that one na Accountant

APC is a Tragedy.

Truths9ja:
Check out the Infograph of Nigeria Foreign direct investment inflow by administration since 1999.

Hmm FDI isn't forthcoming in Tinubu government. Government going to 3 years now..

From 2012 FDI began to reduce, law of diminishing return as our leaders failed to invest heavily in infrastructure and an enabling environment for investors to come in .

Kukutente23:
Your updated post is disgraceful and even indicts your party more

If over 60% inflow was due to oil and gas, when the inflow was around $5bn on average which means oil and gas inflow alone was $3bn then, how does it make sense that you are justifying oil and gas inflow falling to a paltry 6% when total FDI has slumped to $1bn on average which means oil and gas inflow has slumped drastically to a paltry $216m? Can you explain to any human with commonsense how that is something to rejoice about? Wouldn't it have made more sense if oil and gas stayed at $3.6bn and its FDI quota is 6%? Wouldn't that be something to celebrate? I wonder what they do to people's ability for logical reasoning and thinking in that APC

What is the relationship between a promise to spend 1 term and FDI growth? Na wa o

International oil companies (IOCs) like Shell, Total, and Chevron are divesting onshore assets. Growth in tech, fintech, and renewables has overtaken oil as FDI magnets. Much of today’s oil investments are:
Local-led (Seplat, Oando, Heirs Holdings), financed through debt or equity, not direct foreign inflows. The money is still there but it is not under FOREIGN investment. It is now local. Also, we are now exporting the products of oil and gas, not importing.
The relationship between your messiah's promise is that he and his people will try to tell the ignorant that things are bad and they will make them better.

id911:
Obasanjo really tried. If you check the Infograph, he was the only one that grew it by almost 500% in 8 years. He was almost doubling FDI Y-on-Y. I remember having a conversation with someone during OBJ's second term and the third term bruhaha that left to me, our constitution should be amended and OBJ should continue to govern for at least another 10 to 15 years. The person was surprised. I told him then that it's hard to see a good leader in most developing countries especially a place like Nigeria. So if you find one, you should hold him like a treasure.

I can assure that if OBj was still in power from 1999 till date, our GDP would have surpassed one trillion USD.

I so much agree with this submission, I finished my nysc during Obasanjo term as president, we have a lot of multinationals coy in the con3 then.

I was able to work with one of them for just 2 years, for those 2 years I was able to build my house settled down and I resigned from the job because no time at all for family bonding but I was able to setup small business for myself before i resigned.

Most of those multinationals now don japada from Nigeria.

Kukutente23:
What is the impact of highest crude price on FDI? Do you know what FDI means?
Can you show with verifiable facts that there is dwindling investment in oil sector all over the world?
What is the cause of the divestment? Why is it happening under your APC?
Lol. Tax reform will double GDP. I really don't know what shite you guys are smoking. But it is darn strong

High crude prices mean more liquidity for the govt and more Forex for the markets,investors find that very attractive.

If govts make more monies from tax reforms,it makes them more liquid and this leads to an expansion in the economy through more govt spending this would affect GDP growth.

You can argue all you can go check oil and gas investments in the last decade and compare to 2 decades before....you would see the difference.

DeepSight:
The problem is the kind of absolutist support that sees no evil and hears no evil.

And you have proof of an absolutist support that sees no evil and hears no evil?

DeepSight:
So prices of commodities and GDP are emotional things? Well done.

You are the emotional and biased one referred to my dear, not commodities and GDP.

Lithiumite:
.you need to look at the cause factor for the inflation,do you expect something different after naira devaluation and subsidy removal?

Out GDP is just being rebased due to the naira devaluation and our growth outlook is about
3% which is still our average since 99.

Things would have been a lot worse if we were still paying subsidies and defending the naira.....tinubu has set a goal of $1 trillion GDP and that's a really bold and ambitious plan.... We can but gradually

How do you now things would have been worse. The problem with the subsidy regime was not the subsidy itself but the governmental corruption in the management of it. That is what should have been rooted out.

coleon:
If not for maturity I would have insulted you for this response before but I am a better man now. Ideally, I have stopped responding to fake narratives on this platform but distortion of facts such as this if left unchallenged would be taken by ignorant folks and turned to truths in beer parlours or public discourse.
Firstly, there's no correlation between oil prices and FDI in any economy, while oil prices impacts government revenue to fund budget, FDI impacts inflows that mainly translates to exchange rate stability. The main reason naira was stable and not devalued daily in objs regime was due to the high rate of fdis experienced in his time . All the policy direction of obj like sale of NNPC,sale of nitel,NEPA ,debt forgiveness, floating of NLNG and better security network is what aided the massive influx of FDI's in his time and not your warped half-baked analysis of oil prices. If it's oil prices then why did Jonathan not attract better FDI than obj since oil price was much higher in his time than OBJs own?
What the guy said is the truth that obj is by far the best president Nigeria has ever had and should have been allowed to continue. Was there book haram or bandits in OBJs time? Would any investor want to invest in a boko haram haven?
Sometimes when you peddle your fact misrepresentation you should limit it to illiterates and ignorant fellows and not come online to just spit jargons to those that actually experienced it.

My response is simples.

Nigeria has never had good leaders at all,even now

For us to have good leaders, we must have a leader who will do what china, Japan and Germany among many nations did.

If you think I support tinubu then that means that tinubu is following china and Germany example. As you can see he is not

Good evening. Not everyone who thinks different from you supports apc. I support Nigeria. Not apc or pdp

tctrills:
Again you are off point. Since you did not understand my question, let me ask again.
Please explain how subsidies affect FDI.
You wrote about what you perceive to be it's impact of debt and refineries but you did not attempt the question. I only asked about its effects on FDI

In other words, you just think I am a tinubu supporter .

That's why I said you did not get my point..

It is no use discussing with you. I am offended that you think I support the people that are destroying this country.

Good evening.


Dutch disease and manufactured goods and services

DeepSight:
How do you now things would have been worse. The problem with the subsidy regime was not the subsidy itself but the governmental corruption in the management of it. That is what should have been rooted out.

How? Something 5 successive govts were unable to do...the best thing was to end it and stop the sleaze.... almighty America hasn't been able to stop narcotics snuggling despite fighting it for several decades....how do you want to stop people especially Nigerians not to steal.

Lithiumite:
How? Something 5 successive govts were unable to do...the best thing was to end it and stop the sleaze.... almighty America hasn't been able to stop narcotics snuggling despite fighting it for several decades....how do you want to stop people especially Nigerians not to steal.

It could always be reduced to the minimum with political will. Your hero claimed to be bold by removing it. That was cowardly. Because he could only face the poor and deal ruthlessly with them. He could not face the wealthy corrupt and deal ruthlessly with them.

Image123:
International oil companies (IOCs) like Shell, Total, and Chevron are divesting onshore assets. Growth in tech, fintech, and renewables has overtaken oil as FDI magnets. Much of today’s oil investments are:
Local-led (Seplat, Oando, Heirs Holdings), financed through debt or equity, not direct foreign inflows. The money is still there but it is not under FOREIGN investment. It is now local. Also, we are now exporting the products of oil and gas, not importing.
The relationship between your messiah's promise is that he and his people will try to tell the ignorant that things are bad and they will make them better.

How does all you wrote above explain the low FDI if you claim the other sectors have overtaken oil as the main FDI contributor?
You just keep disgracing yourself. If the money is there why are we removing subsidy and devaluing the naira? Why has our GDP sunk so abysmally low? Why are we owing so much than any other time in our history and still posing to take more debts? Why is their high unemployment such that NBS has refused to release employment data since last year?
You are just exposing yourself further in these watery claims. Just admit you goofed and move on

Lithiumite:
High crude prices mean more liquidity for the govt and more Forex for the markets,investors find that very attractive.

If govts make more monies from tax reforms,it makes them more liquid and this leads to an expansion in the economy through more govt spending this would affect GDP growth.

You can argue all you can go check oil and gas investments in the last decade and compare to 2 decades before....you would see the difference.

Investors do not need your forex. They are actually bringing forex into the system. More liquidity for the govt does not indicate more FDI. FDI is primarily private sector driven.
While expansion in govt activities can lead to GDP growth, you need to understand that what drives FDI is basically local demand and purchasing power. Nigeria has local demand in terms of population but the trouble is the purchasing pwoer has plummeted over the years as the naira was devalued.
I asked you for evidence because TOTAL just invested $6bn in Angola last year. If that had come to Nigeria, you won't be telling this story but will be touting that as one of the successes of this govt

Kukutente23:
Investors do not need your forex. They are actually bringing forex into the system. More liquidity for the govt does not indicate more FDI. FDI is primarily private sector driven.
While expansion in govt activities can lead to GDP growth, you need to understand that what drives FDI is basically local demand and purchasing power. Nigeria has local demand in terms of population but the trouble is the purchasing pwoer has plummeted over the years as the naira was devalued.
I asked you for evidence because TOTAL just invested $6bn in Angola last year. If that had come to Nigeria, you won't be telling this story but will be touting that as one of the successes of this govt

How do you expand the economy without govt spending.....most govts often have to spend their way out if recession.....civil servants get paid, contractors get paid thus creating employment,increased investment in social welfare such as hand outs and grants and many more ways govt can expand money supply but you need the production to match it to avoid inflation.

Forex liquidity is am important factor in FDI attraction,how do you want investors to retrieve and relocate invested capital,this was a major problem that caused low FDI in the Buhari years.

Nigeria had a large population but very low on per capita....we need to increase capacity and get money flowing in the economy and we are just about decontracting the recession we have suffered majorly during the Buhari years and this is majorly as a result of the under utilised economic potentials we have failed to harness which this govt is trying it's best to open up.

Nigeria alone got about $8 b in oil and gas investments in the last year and it's seeking to become the oil and gas hub in Africa,this is huge as it portends huge potential for the economy.

soil4soil:
With the foreign investment in GEJ time the economy was mismanaged by one wicked woman who served as petroleum minister

Economic growth under GEJ was fuelled by high oil prices.

It was always a bubble that would have eventually burst.

The minister you mention was corrupt, true , but the bubble was always going to burst once Saudi decided to play a game of chicken with US oil producers.

nairalanda1:
My response is simples.

Nigeria has never had good leaders at all,even now

For us to have good leaders, we must have a leader who will do what okchina, Japan and Germany among many nations did.

If you think I support tinubu then that means that tinubu is following china and Germany example. As you can see he is not

Good evening. Not everyone who thinks different from you supports apc. I support Nigeria. Not apc or pdp

Nobody is insinuating that you are an APC supporter, I am only saying you should stop downplaying their success compared to the present disaster to high prices . Infact I just checked and crude oil prices presently at USD85 is higher than OBJs time. OBJs attraction of FDI in his time is due to his government policies and not due to oil prices. OBJs tenure was the last time an American president visited Nigeria, what does that tell you about his foreign policies and how that would translate to FDI influx? OBJs tenure was the time Nigeria banks consolidated and capital based increased to 25Bn, why would that not attract investors? OBJs tenure was the time the pension industry was floated in Nigeria with the enactment of pension law and Pencom, OBJs tenure was the start of the GSM and telecoms revolution in Nigeria . Why will all these activities not attract massive influx of FDI's and the statistics do not lie as you can see.
Pls stop downplaying babas visionary government and yarning dusts that it's caused by oil prices pls.

DeepSight:
It could always be reduced to the minimum with political will. Your hero claimed to be bold by removing it. That was cowardly. Because he could only face the poor and deal ruthlessly with them. He could not face the wealthy corrupt and deal ruthlessly with them.

Which would you choose as a leader if not the easier option ..that's smart if I must say ....for dangote to come out and cry about how formidable the oil cabal is,then you know it's no easy feat.i just gave you an instance of America not being able to wipe out narcotics snuggling despite their level of sophistication.

coleon:
Nobody is insinuating that you are an APC supporter, I am only saying you should stop downplaying their success compared to the present disaster to high prices . Infact I just checked and crude oil prices presently at USD85 is higher than OBJs time. OBJs attraction of FDI in his time is due to his government policies and not due to oil prices. OBJs tenure was the last time an American president visited Nigeria, what does that tell you about his foreign policies and how that would translate to FDI influx? OBJs tenure was the time Nigeria banks consolidated and capital based increased to 25Bn, why would that not attract investors? OBJs tenure was the time the pension industry was floated in Nigeria with the enactment of pension law and Pencom, OBJs tenure was the start of the GSM and telecoms revolution in Nigeria . Why will all these activities not attract massive influx of FDI's and the statistics do not lie as you can see.
Pls stop downplaying babas visionary government and yarning dusts that it's caused by oil prices pls.

I am being honest. I am not partisan. We can't have good leaders until we stop having an economy based on resources

Lithiumite:
Which would you choose as a leader if not the easier option ..that's smart if I must say ....for dangote to come out and cry about how formidable the oil cabal is,then you know it's no easy feat.i just gave you an instance of America not being able to wipe out narcotics snuggling despite their level of sophistication.

I didnt say wipe out - significant reduction is all that was needed. Also payment for subsidy was done by government so its very different from narcotics which are not paid for by the government. When you control the payment over something, you are Lord and Master and can easily deal with those who are corrupt if you want to - especially if you are president and have the entire law enforcement and security apparatus at your fingertips!

Look, subsidy was less than N300 Billion at a pont not that long ago. For it to balloon to over N7 Trillion was black magic and a seriosu govt could address that. So no one should say BAT was bold. He was cowardly. He went after the vulnerable ony.