₦airaland Forum

Where's the money??

Dunamai86:
Points can be made without subtle jibes . The issue is whatever macroeconomics at play here is not reflecting on the standard of living of Nigerians. That is a salient and undeniable fact.

My apologies
We all know that the APC government have been deceiving Nigerians since 2015. The trillions of nairas mentioned above is a products of APC devaluing the naira to impoverishing Nigerians to deceive them with huge numbers. If the naira was as valuable as the currencies of oil producing countries in the Middle East, the news headlines be announcing " millions of nairas generated from oil revenues with xyz trillion dollars equivalents" and not huge numbers as a product of currency devaluation.
Now, these oil revenues are generated in dollars but why are they solely quoted in naira without the equivalent in dollars if not for deception?

Gboss247:
My apologies
We all know that the APC government have been deceiving Nigerians since 2015. The trillions of nairas mentioned above is a products of APC devaluing the naira to impoverishing Nigerians to deceive them with huge numbers. If the naira was as valuable as the currencies of oil producing countries in the Middle East, the news headlines be announcing " millions of nairas generated from oil revenues with xyz trillion dollars equivalents" and not huge numbers as a product of currency devaluation.
Now, these oil revenues are generated in dollars but why are they solely quoted in naira without the equivalent in dollars if not for deception?

Respect for your character all the more Sir. Your commentaries are absolutely spot on. I look forward to more of your banters sir

Gboss247:
I have said it before and I will say it again, the trillions of nairas you are taking about are products of naira devaluation, purchasing power reducing and further if Nigerians. Quoting revenue generated from in trillions of nairas is a secret of announcing the draconian polices of the government oppressing Nigerians.
The survival Nigerian is dependant on World Bank, IMF, chinaEximbank, Afreximbanks dollar loans. This loans are what powered the importation done by Nigeria and the profits repatriated by foreign investors back home.
The $6.1 billion non-oil exports is not what a country of 230 million people with majority been young adults should be celebrating in 2026.
We all know that Nigerian economy depends on importation for survival but they have refused to release the 2026 non-oil imports by because they know that they deceiving the masses.

When they said Nigerian made.. It means money government makes from oil companies through various contractual agreements, primarily Joint Ventures and Production Sharing Contracts

So yes Nigeria government makes money directly from royalties, profit sharing, and taxes on oil company profits which comes directly into federation accounts and which has been made public now.

Nigeria is not poor because we import things rather we are poor because our government mismanage resources.

Most countries in Europe aren't producing much they import their foods, clothes, toys etc frop china yet doing well.