₦airaland Forum

fuckJones:
Nigeria completed repayment of its $3.4 billion International Monetary Fund (IMF) loan in May 2025, effectively exiting the IMF's list of debtor countries. This significant financial achievement under President Bola Tinubu's administration, following sustained quarterly repayments, strengthens Nigeria's fiscal standing and investor confidence..... Go and verify

Obagreatdatoye:
Can't you read..?
Nigeria loan is up to $99bn

casualobserver:
she should have whispered a word in the ear of the Americans. They incurred so much debt, printed so much money to pay for wars and exported inflation around the globe as a result and are now trying to strangle everybody with trade wars simply because they are technically bankrupt and cant pay their debt.

many people may not know, The USA is technically insolvent. They cant pay their debts, they pay by printing more dollars (just like Buhari did) the result of which is inflation. many cuntries are worried that printing of dollars has made dollars less valuable as a currency so were mooting an alternative to the dollar. Ghaddafi tried to create an African currency backed by our resources in the ground and they killed him. BRICS are trying to create their own currency and Trump has waged war on BRICS. They didnt kill Ghadaffi because he was a bad man, they arent interested in phantom Nigerian christian genocide because of Goodwill, they are trying to take down anyone or any country they see as a threat to the dollar. Because once the dollar goes...American cant print its way out of it's debt.

Many people also do not know that a lot of the problems many countries face is down to the dollar. When they keep printing dollars, more dollars goes into circulation and the dollar loses its value and your dollar buys less and less every year. This particularly hurts mineral and natural resource exporting countries because each dollar you get buys less. This is why crypto and gold are rising. because the dollar is actually more or less worthless.

theredaddy:
when you finish taking chloroquine for American headache, Nigeria panadol is on the table for you

malali:
She’s likely referring to Asiwaju Bola Ahmed Tinubu.

Falsifying GDP figures to meet IMF debt-to-GDP requirements for continued borrowing has serious consequences. When this house of cards,or Ponzi scheme, eventually collapses, it will trigger massive inflation, currency crashes, and devaluation.

The IMF is issuing warnings now because they can see the government’s manipulations and understand the economic fallout if these numbers continue to be misrepresented. They’re signaling what the future could look like if these games persist.

Obagreatdatoye:
Emerging markets like Nigeria are particularly vulnerable, as evidenced by the country's public debt reaching N152.39 trillion ($99.65 billion) by June 2025, up from prior levels, straining fiscal space and amplifying risks of economic stagnation amid ongoing borrowing.


For those that could not read well

CodeTemplarr:
They paid some but overall have increased the debts. They built flyovers that cannot be taxed or repay their construction cost.

casualobserver:
she should have whispered a word in the ear of the Americans. They incurred so much debt, printed so much money to pay for wars and exported inflation around the globe as a result and are now trying to strangle everybody with trade wars simply because they are technically bankrupt and cant pay their debt.

many people may not know, The USA is technically insolvent. They cant pay their debts, they pay by printing more dollars (just like Buhari did) the result of which is inflation. many cuntries are worried that printing of dollars has made dollars less valuable as a currency so were eople also do not know that a lot of the problems many countries face is down to the dollar. When they keep printing dollars, more dollars goes into circulation and the dollar loses its value and your dollar buys less and less every year. This particularly hurts mineral and natural resource exporting countries because each dollar you get buys less. This is why crypto and gold are rising. because the dollar is actually more or less worthless.

malali:
She’s likely referring to Asiwaju Bola Ahmed Tinubu.

Falsifying GDP figures to meet IMF debt-to-GDP requirements for continued borrowing has serious consequences. When this house of cards,or Ponzi scheme, eventually collapses, it will trigger massive inflation, currency crashes, and devaluation.

The IMF is issuing warnings now because they can see the government’s manipulations and understand the economic fallout if these numbers continue to be misrepresented. They’re signaling what the future could look like if these games persist.

whytediamond:
Nigerian government no go ever listen. Even the lender is tired.

Why would you ignore industrialization and local production and rather prioritise importation which is the main challenge we are having?

A country with over 150million youths still goes about ass-licking, looking for loans with heavy interests.

Omor, dem swear for this country ni abi na juju?.

Some fools will come and tell me even USA and China still borrow.

Una daddy abeg.

casualobserver:
if you were schooled enough to a level of intellectual capability and function to understand the implications of what you read, you will understand that dollar headache is your headache. If every dollar you get for a barrell of Oil buys you less and less every year due to the recklessness of the country that owns the dollar, you should be concerned about the reckless printing of the dollar and the fact that it is the worlds reserve currency. Your major exports are in a currency that is worthless. it also affects you as an import dependent economy, because you need more dollars to buy the things you import. Clearly this is above your paygrade.

America's debt to GDP is 124%, Nigeria's is 40% the problem is not Nigeria but America.

theredaddy:
Bro you cant confuse me with academic theories crap here, so far it is Nigeria i chose common sense

the fall of dollar is favourable to me as a Nigerian, for every fall in dollar there is a corresponding gain in naira which reflects value and reduction in cost ..

You see all the gibberish talk about low dollar means low earning per barrel is meaningless to me as a Nigerian When dollar high revenue high weytin we gain

You know where i laugh at your IQ, you dont know a high dollar makes your naira worthless when you export you get dollar equivalent of a low naira

let me school you, A. imagine $1/ 1500 ...if i export a product worth 3k that is ust $2 ...

B. imagine $1/ 600 .... if obi export his product worth 3k each thats $5

economy GDp is evaluated in $, so which instance do you think will favor Nigeria

casualobserver:
you have to have common sense to be able to choose to use it.

grandstar:
The government has actually been quite prudent by eliminating fuel subsidies which were gulping about 2% of GDP. By floating the Naira, this magnified government revenue. Imagine at $1-N440, a monthly allocation of $1bn is N440M, but at N1,500, It is N1.5Tr. UIn addition, government has also worked hard at improving revenue collection.

The debt is more sustainable than before.

The truth is that government borrowing will still be quite high as 97% of government revenue was going towards debt servicing when he assumed office. It is now below 50%, but it needs to get down to 20% or less.

Some of the present borrowing I must admit is questionable.

Lukuluku69:
Tell her to stop giving Loans when IMF is approached too!

mukshin:
Seun wouldn't see this to the whole nation and Asiwaju.
He like playing side game

Reference:
That is what we keep on saying.
Twisted priorities.
It is like a businessman who takes a loan to rent and furnish a shop but has none left for the goods to be sold. Who does that.

You withdraw subsidies. Good. The immediate effect is inflation, loss of jobs and enterprise. Fine.

You will think that the immediate priority will be to reinvest the bulk of the so called savings back into the economy through industry to either keep jobs or create new ones to replace the lost ones.

But no. On the way back from the Subsidy Savings Bank PLC, they were robbed by contractors and consultants peddling white elephants for sale and boom there goes the economy.