₦airaland Forum

Says a mad man.

Karlovich:
I see Escobar running mad before the end of the year,

This I have seen!

World bank don start again.

Has Peter and his Obidients seen this report?

Yesterday MrVitalis was calling the IMF report on GDP a propaganda, he said it was a paid PR stunt by the APC.....

I have concluded that no country has ever had as much disadvantage as Nigeria in terms of having citizens who dedicate their daily life to praying that their country fail.....


Interesting thing is they display so much hate for development in the country you will think they live outside the country

Between 2023 and 2026 Nigeria would have spent N30 trillion on Fuel subsidy....

Nigeria would have spent over $40 billions to defend the Naira...

That is a total of over $62billion disappearing without wings....

The opposition will say " where is the money "...

Don't blame them ....

In Democracy, if the ruling party say " Donald Trump is the president of America"
The opposition will oppose it.....
That is why they are called opposition...
Their job is to oppose...even when their opposition defy logic....

In May 2007 Obasanjo handed over a debt of over $20billion to Yar Adua, including a gross external reserve of $43billion.....

In May 2015.... Jonathan transferred a total debt of $63 billion to Buhari, including Gross external reserve of about $29billion...

Two things happened....

In 8 years Jonathan grew Nigeria debt by over 200%, depleted the external reserve by over 50%..

This is despite selling an average annual Crude Oil of over 2 million barrels from 2007 to 2015....

This is despite selling crude Oil at an average of $100 from 2007 to 2014....

The wailers that were in power in those 16 years didn't ask where the whole money sold from $100 of barrel of crude went to...

They didn't ask why borrowing increased by over 200% in 8 years and FX reserve collapsed despite massive spike in crude prices...

They were too dum*b to ask... Because they were wired to shout " power to the people" at all time...

The average population of Nigeria when they wasted all those monies in 16 years was just 145 million, Today Tinubu is leading almost 250 million people... almost twice a nation the wailers led..

In 2023 Buhari left $43billion external debt, and N54 trillion domestic debt.... Using an FX rate of N460 per dollar, Buhari left a total debt of $160billion for Tinubu....

Buhari left $33billion Gross external reserve.. with FX backlog of almost $30billion...

The latter days Wailers who are blinded by region and ethnicity including those blinded appointment Rustlers... Didn't ask the Buhari they were supporting why he grew Nigeria debt by almost 200% with an Empty net External reserve...

They were more interested in shouting " Ranka Dede"..

If Tinubu continued on business as usual.... Nigeria debt would have been over $240 billion ...adding money borrowed to pay salary... Gaza would have been heaven for Nigerians....

With a touch of genius Tinubu recalibrated Nigeria debt to around $100 billion.... Wiping off over $60 billion from what he inherited from Buhari...
Tinubu grew the external reserve to over $46billion....

Economics is not for kids.... Tinubu economic team are genius....

Tinubu is leading a country almost twice what Obasanjo & Jonathan led... He is selling crude almost half of what wailers and their leaders sold..

Yet his projects are everywhere....

They just saved a ship with over 245 million people from the verge of wrecking....

If you failed economics in school but want to come and lecture Wale Edun here...

You are one of the reason why the Urhobos will always say that...

It is better to born a thief than to born a mumu...

Proverbs are not for kids.....

© Onovughe Igwe

AMINDA:
We are now bowing to imperialism and impoverishing our people just for a pat on the back from Bretton woods. No third world country will escape the poverty trap without home-grown and tailored policies that factor in their own peculiarities.

It's quite difficult because our academia especially in economics, commerce and finance are tilted towards the benefits of western powers, even the democracy Africans adopted was carefully designed by U S

AMINDA:
Worldbank official? The desperation and quest to always seek validation from Worldbank and IMF would have been funny if it wasn't so pathetic. "Confessions of an Economic Hitman."

But if they had said otherwise. You'd be happy and start screaming peter obi is cumming

Oh, do World Bank officials know about this at all? Or is it just another victory being celebrated by APC e-rodents and keyboard warriors? Either way, trust APC at your own peril. This is the same party that paraded fake bishops, isn’t it? The same party that magically produced forged IMF and World Bank reports. But sure let’s all clap.

AMINDA:
Why not mention just one country that has attained development by blanketly following the policies of the Worldbank and IMF as Tinubu is currently doing. Just one please. I recommend you go read the book, "Confessions of an Economic Hitman." Also, go study what the Structural Adjustment Programme (SAP) did to Nigeria under IBB.

Did they say world bank policy or Tinubu's reforms? Chai..

temmyyem:
Reform in the midst of killing and kidnapping[b][/b]?

We have no interest in kidnapping, killing, GMO, cashless, digital currency, digital identity, police harassment etc.

You can't be talking of reform in the midst of these evil agenda against our people, especially those living in the rural areas.

see bush man
cashless wey d ease stress, u wan d also carry ID card everywhere you want register something? instead of just NIN number or BVN.
Odeh

Sincerely, life is more easy for everyone now, except we want to keep lying to oiurselves. it is 100 times better than Buhari era

plessis:
Growing economy with beggars

Even United States get beggars and homeless people wey na citizens.
get small sense.

glolomoh:
Any reform that quickly make life harder and the result is not making life easier either, is not a reform but miscalculated policy.

long term nko?

Please as you are showing some things mr president is doing successfully please use the same energy to show things he has failed woefully... Thank you

muykem:
Those are the bodies in charge of world economy. They have both skills and knowledge to focast and measure. I know that you believe Peter Obi a third class in philosophy than IMF and world bank.

And a random official there has the right to give a verdict on the economy more than the third class in philosophy that lives in the country_

It is the same you that will say that the US doesn't have more intelligence on izlamic terrorism in Nigeria than Nigerians even though it is transborder.

muykem:
Those are the bodies in charge of world economy. They have both skills and knowledge to focast and measure. I know that you believe Peter Obi a third class in philosophy than IMF and world bank.

No one is Arguing with you they are not Expert on economy space Buh the question is what is there " INTEREST"

You think the world bank and IMF want a 3rd world nation to be independent of there leash

You know what i observe sometimes IMF and world they grow conscience they tell us the bitter truth, tinubu reform plunge more Nigerians into poverty they pointed out Tinubu reforms are not making impact

Buh most times they have to massage govt ego cos they are "the customer"

We thank God from this positive report from world bank,we pray it will continue to get better.

panpan:
The World Bank is just a lending institution.
It is not an expert on Nigeria's economic affairs.

But if it was a negative report,you would have been jerking off by now on how clueless tinubu is.....even your obi quotes WB and IMF in his statustucal vituperations......very reason your obi can't be president, nobody wants flippant inconsistent ideologues to take over this country

Orlandoo:
Search his pocket now you'll see corn.

Son, we also searched globally recognized individuals like Okonjo Iweala, Akinwunmi Adesina, Soludo's pocket and we found plenty corn.

The way you reason and you will go from thread to thread picking on the emptiness of people's comment when yours reeks of infantile ïnanity!

See what a young man is saying....shame!

seunowa:
All the countries that failed due to the world bank and IMF policies are mostly countries whose politicians are riddled with corruption and insincerity in their own policy frameworks such as the structural adjustment programme in Nigeria under IBB. Structural adjustment programme of IBB failed due to political instability, corruption among the political office holders and insincerity from IBB himself. When they fail to follow through with world bank and IMF recommendations, the same politicians will tell the un-informed citizens that aworld bank is the reason for their failure.

Sap failed in Latin America, not because of corruption. Sap failed because it is structurally intended to fail without recourse to local economic peculiarities. There isn't one size fits all solution. Why did the Asian tigers avoid sap? Rather than say sap failed because of corruption, you should say sap enhances high level corruption, and creates super disruptions in the local economy. Devaluation of the local currency without fixing and expanding the local manufacturing base, and shrinking your economy to a primary product/commodity based economy is a ticking time bomb. With the irreparable damage sap inflicted on the global south economies in the 90s, and Tinubu is willingly rolling back the years, just to pander to the West, by embracing sap, is beyond puzzling. How have we fared? We are still applauding that our exports are outpacing our imports when 100 percent of what we export are primary products. Apart from job losses, prices of primary commodities are as volatile as bush fires. Go and ask Botswana which is currently suffering a slump in demands for diamonds owing to consumers feasting on artificial diamonds, or the Ivory Coast, which has seen a global slump in global cocoa prices. Neoliberalism is a cancer anywhere.

Lithiumite:
But if it was a negative report,you would have been jerking off by now on how clueless tinubu is.....even your obi quotes WB and IMF in his statustucal vituperations......very reason your obi can't be president, nobody wants flippant inconsistent ideologues to take over this country

This is the reason we can't have robust conversations on this forum....this lots like the one you quoted already have their minds set in negative mode always!

Never seen a people whose mind is always pessimism and cynicism riddled. They will rather this country burn so they can say "we told you"!

DMCA:
Even United States get beggars and homeless people wey na citizens.
get small sense.

That one concern you. As long as millions of owomidas continue to roam the streets chasing cars, begging for money, you are free to lie to yourself.

AdamuKD:
I laughed in Swahili . Make world bank officials relocate to Nigeria or make them come interview people for street. Nonsense

Economics dont work that way.....the very reason you still have a stable country to live in is because of the ability of this govt to stabilise the macro economics of this country,this is what will eventually cascade down to the micro which concerns the prices rice and beans which bothers you so much.

Spatta:
What you don't know is that, the man uses experts across every field of excellence to work for him. So while you are seeing a man who seemed incapable because of age, the real people doing the job are all the experts he employed . That is how smart people operate

Who are these experts? Are they ghosts? Or are you talking about Wale Edun, who has just been tactically sidelined, and Yemi Cardoso?

Rebelutionary:
Son, we also searched globally recognized individuals like Okonjo Iweala, Akinwunmi Adesina, Soludo's pocket and we found plenty corn.

The way you reason and you will go from thread to thread picking on the emptiness of people's comment when yours reeks of infantile ïnanity!

See what a young man is saying....shame!

At the end you said nothing.

Moroccoguy:
They can't believe this since it's not coming from their master.

They forgot their fraud quotes both the WB and IMF when it's anything negative about Nigeria.......bloody hypocrites!!

What are the reforms Tinubu is doing such that after almost three years in office, no visible effect of his reforms on the economy and citizens.

What has he really done that is completely new to the world?

The only thing he is doing which everyone is seeing is tax reforms and Tax reforms cannot be effective of you don't have proper identification of citizens and businesses.

Once Tinubu can fight corruption and fix Power like he promised, then he will get validation from citizens. Not this biased validation from God knows where

Good testament of the good work the president and his team have been doing.. indeed inflation have been declining.. kudos to the Fg

Exousiang01:
Has Peter and his Obidients seen this report?

Yesterday MrVitalis was calling the IMF report on GDP a propaganda, he said it was a paid PR stunt by the APC.....

I have concluded that no country has ever had as much disadvantage as Nigeria in terms of having citizens who dedicate their daily life to praying that their country fail.....


Interesting thing is they display so much hate for development in the country you will think they live outside the country

OGa stop leaving in denier, What progress have we made in the last 2yrs ...please tell us

Tinubu reform as changed the economy better ??, asides Taxation and exploring more way to extort Revenue directly from the people what are these reforms

Does IMF and world bank know Nigeria in the last two years cant even implement one budget successfully and we now run multiple budget concurrently ... is that not an abberation.

You say this reforms are working, Fine ! all we ask is where are the impacts,
1. FDI is static
2. Naira is still weak
3. GDP value not reflecting significant
4. Employment rate is it better now ?

From look of things is Nigeria moving towards economic independent as we continue to run budget deficit upon budget deficit aside Tax kini reform ?

Tinubu boiz say it is easy to criticise, Buh the height of fullishness is "sycophancy" living in denier of obvious reality because of stipends nd rice you will get from politicians

AMINDA:
IBB's government was a Saint compared to the heist currently going on under this government. Despite record-breaking loans and much touted revenue, we are currently implementing 3 budgets concurrently due to paucity of funds. This has never happened before.

I bet you weren't born during the ibb era or too young to even ba able to tell your right from your left...... IBB!! go do your research.

IMF on the beat...