₦airaland Forum

porka:
Is it that you are confused or you are deliberately lying? At one point you will refer to 16 years of the PDP, at another point your bitterness will make you obtuse to limit it to the 'last administration'.

Where you people got your $52bn external reserves under Jonathan that you keep repeating without shame is not clear.

President Jonathan was sworn-in as president on the 6th of May, 2010, external reserves stood at $38.8bn as at end of May that year according to data from the CBN.

That was when Nigeria was importing everything, when nothing was restricted.

One would think that the reserves would be growing now that Nigeria’s import is virtually non-existent. If 41 items have been removed from the import list for forex support by the Buhari administration, and the foreign reserves is still being depleted at an alarming rate, then something is wrong.

If you don't have shame, you don't have shame. Period!

You expect reserves to grow now with oil price less than 40% of what it used to be?.... You expect reserves to grow when the nation suffers from negative balance of trade (imports expense exceeds exports earnings)?

obailala:
If there is anything Buhari's government has done well in the present economic crisis, it is in maintaining the level of Nigeria's forex reserves.

Yes, because the foreign reserve is useless to the masses

Holyman3:
Yes, because the foreign reserve is useless to the masses

Because you are ignorant of the use of forex reserves to the masses and how it affects your day to day life, that does not mean it is useless to the masses.

keally:
Illiteracy is a deadly disease. So, you mean you did not know that PDP left about 32 billion dollars in foreign reserve, about 2 billion dollars in excess crude account, and that is what has been depleted to 26 billion in 1 year and you are hear yarning dust. shmm for you.

The most annoying part is that no project has been executed.

Question now is , what was the money spent on.