₦airaland Forum

helinues:
All is see, read is progress in Nigeria economy

Others depleted the FX they met, only president Tinubu has increased his so far In just 2 years.

Slow and steady

The opposition would struggle gan with their campaign in 2027

others were also paying subsidy on fuel, and even University education was cheaper, when you put that into perspective you"ll see that the foreign reserve ought to be larger than this.

These foreign Banks/Creditors and Inernational Agencies are playing Yoyo with una brain.
They pivot towards one President today and when he leaves Power, the same People will now expose his Nyash.

Our Political Leaders have surrendered our Sovereignty to foreign Creditors and entities.

Good job to PBAT and his economic team on this

But how come during Jonathan tenure our reseves reduced so drastically?! What did they do with the funds? That's so bad!

GEJ my SS brother no try at all o!

Moroccoguy:
Goodluck no try for this one.

I tell you.

CodeTemplarr:
Scam analysis is what i see here.

Did any of Yar Adua, GEJ,Buhari1, Buhari2 remove subsidy and suddenly have N10 trillion at their disposal?
How about deferred loan repayment that helping the govt spend but defer payment for few years?

the same subsidy paid to their cronies and cabals

And this is the same president some Nigerians are gaslighting us for supporting him. Well, Bola is my choice till 2031

PDPdestroyer:
This infographic is wrong. Our net reserves as at when Tinubu came on board was just over $3bn

I don't understand how some of you think.

Between the Central Bank of Nigeria and JP Morgan a private commercial bank who should have the right figures?

If the FG even have funds with JPM does it stop them from having in other banks?

Or are you saying My account officer in UBA knows my account balance in Union bank?

commoditiesnig:
Good job to PBAT and his economic team on this

But how come during Jonathan tenure our reseves reduced so drastically?! What did they do with the funds? That's so bad!

GEJ my SS brother no try at all o!

Ngozi Okonji who was the minister of finance during that time categorically states that the Nigerian Treasury was empty. We had no money left so we started spending from our foreign reserves, when Buhari entered he had to start taking loans to pay civil servants, that how the Paris fund which was made available to governors to pay loans came about.
Nigeria was bankrupt when Jonathan was leaving office.
The same governors who had to take the Paris fund loans to pay salaries today are testifying about having a lot of money today, even the opposition party governors.

Ngozi Okonjo knows the financial state of the country she left as Minister of Finance, so she talking about the Jagaban stabilizing the economy and some people who don't know the difference between exchange rate and purchasing power coming to insult her makes me wonder if the current youths actually have the least of education

Shattuck:
others were also paying subsidy on fuel, and even University education was cheaper, when you put that into perspective you"ll see that the foreign reserve ought to be larger than this.

GEJ paid only #3.9 trillion fuel subsidy.
He started borrowing money to pay workers in 2014 when oil price dropped to $97.8 bpd.
He made #54 trillion in oil sale,depleted the $18 billion ECA fund,depleted our reserve from $43 billion to $28 billion and still borrowed #11 trillion even after Obasanjo gave him a clean slate but the only thing zombies remember is rice selling for #8000 per bag.
The wicked leadership knew and still know that Zombies are all about stomach infrastructures.
It is easy for any dumb govt,just open the border and things will become very cheap just as your nation collapses.

motymop:
They have never grow it pass 40b

It always end at 40b, then they waste it and grow another 40b

it went pass that under OBJ.I don't know why they wouldn't cover his time in office