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External Reserves Drop For First Time Since December - Politics (4) - Nairaland

Nairaland ForumNairaland GeneralPoliticsExternal Reserves Drop For First Time Since December (22572 Views)

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Re: External Reserves Drop For First Time Since December by Amoto94(m): 4:24pm On Mar 23, 2017
Truth234:
amato94
Oga na Amoto94 oya change am b4 my grandma vex for me.
Re: External Reserves Drop For First Time Since December by k199192: 4:27pm On Mar 23, 2017
bantudra:
people make things work..not things people..

dont ask me why people rather do things in certain places than others..nobody realy understands why..not even the whites....

it would make sense that people do their business in they east too..much nearer,ports and other things like lagos..
but they are not doing it..

nobody realy understands why....
that's what I have been trying to make you understand. The ports are not functioning. The government made it so. If those ports were working, I don't know if people would prefer to use a far away port rather than a close by port.
Re: External Reserves Drop For First Time Since December by bantudra: 4:31pm On Mar 23, 2017
k199192:
that's what I have been trying to make you understand. The ports are not functioning. The government made it so. If those ports were working, I don't know if people would prefer to use a far away port rather than a close by port.
didnt i just said people make things work??...

it doesnt make sense to blame the government for human nature and instincts..

i already told you that lagos is a age old financial hub center like the one in egypt...

lagos is the hub for the entire africa..the one in cairo is the hub for north africa and the middle-east bordering the ones in turkey and to the borders of india...

this are financial dynamics that nobody can realy control...

if 1000 igbo business men deceide to make those ports in the east work,their is no way the government can stop them...how??..at gun point??..huh?? ..but the question remains,would it profit them at the end??
Re: External Reserves Drop For First Time Since December by bantudra: 4:52pm On Mar 23, 2017
Blessed96:
I completely agree. Disintegration is/won't be the solution to our problems. what we need is a visionary and innovative leader..Implementation of the 2014 national confab will be another step in the right direction.. VP Osibanjo knows this too wink
chaii..your men sha..only a woman understands what am talking about..thats why she is the keeper of the house..

shame on you igbo men....shame,shame,shammmme.!!!....
Re: External Reserves Drop For First Time Since December by emmaitive(m): 5:43pm On Mar 23, 2017
share share country
Re: External Reserves Drop For First Time Since December by k199192: 5:54pm On Mar 23, 2017
bantudra:
didnt i just said people make things work??...

it doesnt make sense to blame the government for human nature and instincts..

i already told you that lagos is a age old financial hub center like the one in egypt...

lagos is the hub for the entire africa..the one in cairo is the hub for north africa and the middle-east bordering the ones in turkey and to the borders of india...

this are financial dynamics that nobody can realy control...

if 1000 igbo business men deceide to make those ports in the east work,their is no way the government can stop them...how??..at gun point??..huh?? ..but the question remains,would it profit them at the end??
you clearly don't understand how things work.
Re: External Reserves Drop For First Time Since December by naijaking1: 5:59pm On Mar 23, 2017
ivandragon:
its simple logic...

the FG is pumping more money into the forex market & its only natural that reserves drop.

the problem here is that PMB's Social Media Idi*ots are too daft to know that this was the same scenario in the past that led to the depletion of the reserves coupled with massive payments on subsidy.
Thank you.
Where do they think all the dollar"injected" to prop up naira is coming from?
Re: External Reserves Drop For First Time Since December by bantudra: 6:14pm On Mar 23, 2017
k199192:
you clearly don't understand how things work.
you think shouting biafra day and night will change anything??..

you people have been shouting biafra since 2015,did it changed anything??..

your igbo women are still marrying none igbos,your ports are still not working,your people are still flooding into lagos...

you are the one wasting his time on things you can not control..

forget kanu and ipob...they are all illiterates...falsehood will not bring you biafra,it will only make people hate you...

you can not force anything on anybody...
Re: External Reserves Drop For First Time Since December by Senipapa(m): 6:56pm On Mar 23, 2017
amalunweze:
that is the point. floating our reserve into the economy is not rhe solution to the recession. Government should create enabling enviroment to encourage locally produced goods, direct foriegn investment ,remittance and increase disposible income of its citizen
You are making so much sense, an enabling environment will go a long way in suppressing these issues.
Re: External Reserves Drop For First Time Since December by juman(m): 7:00pm On Mar 23, 2017
spako4:
No cause for Alarm
Nothing is permanent in life.
The most important thing is to make life better
for the citizens with the money available
@ bolded
Make me laugh.grin

What concern buhari making life better for the people.
Not in his character.
Re: External Reserves Drop For First Time Since December by meshinoye(m): 7:06pm On Mar 23, 2017
Paris Club Refund

Find below details of Paris Club Refund as released by The Presidency. Please, hold your governor responsible for any further delays in salary payment. The money was specifically released to pay salaries, gratuities and pensions. Let not your state honchoes hoodwink you ooooo.

1. ABIA: N10,631,324,520.96
2. ADAMAWA: N4,894,891,184.12
3. AKWA IBOM: N14,500,000,000
4. ANAMBRA: N11,386,281,466.35
5. BAUCHI: N12,792,664,403.93
6. BAYELSA: N14,500,000,000
7. BENUE: N12,749,689,453.61
8. BORNO: N13,654,138,849.49
9. CROSS RIVER: N11,300,139,741.28
10. DELTA: N14,500,000,000
11. EBONYI: N8,385,035,086.76
12. EDO: N11,329,495,462.04
13. EKITI: N8,877,476,163.58
14. ENUGU: N9,972,928,301.97
15. GOMBE: N8,319,552,518.63
16. IMO: N13,021,497,640.32
17. JIGAWA: N13,220,260,074.57
18. KADUNA: N14,362,416,363.24
19. KATSINA: N14,500,000,000
20. KEBBI: N11,118,149,054.10
21. KWARA (2 payments)
a. N5,415,167,236.97
b. N3,773,082,953.54
22. LAGOS: N14,500,000,000
23. NASARAWA: N8,464,951,458.28
24. NIGER: N13,412,075,268.20
25. OGUN: N10,675,236,931.70
26. ONDO: N6,513,392,932.28
27. OSUN: N11,744,237,793.56
28. OYO: N7,206,041,943.30
29. PLATEAU: N10,497,987,043.06
30. RIVERS: N14,500,000,000
31. SOKOTO: N11,980,499,096.97
32.TARABA: N4,202,983,799.33
33. YOBE: N10,068,371,796.86
34. ZAMFARA: N10,122,837,205.76

According to Finance Minister Kemi Adeosun, "the release of the first tranche, representing up to 25% of claims, being N522.7 billion commenced in December 2016. Disbursement was subject to an agreement by State Governments that 50% of any amount received would be earmarked for the payment of salaries and pensions.

Share to all pensioners, state civil servants
Re: External Reserves Drop For First Time Since December by ItsMeAboki(m): 7:09pm On Mar 23, 2017
OBAGADAFFI:
Now we now where the Forex money is coming from grin

But they will still deny it anyways.
One of the uses of external reserves is to shore up your forex; it is a global practice.
Re: External Reserves Drop For First Time Since December by richeeyo(m): 9:03pm On Mar 23, 2017
gbegemaster:
Let it fall abeg. Savings is for people that are alive.

Why build external reserves when the nation needs it to survive?
Oooh sorry
It's either you never went to school
Or your economics teacher died
Re: External Reserves Drop For First Time Since December by gbegemaster(m): 9:11pm On Mar 23, 2017
richeeyo:
Oooh sorry
It's either you never went to school
Or your economics teacher died
This is the problem of black man. Instead of him to enlighten everyone with his knowledge and ideas he will be busy looking for economics teacher that died.

Our problem is beyond bad leaders. Our problem is the black man.

Now, please kindly task your black mans brain and tell us why it is wrong to deplete our foreign reserves.
Re: External Reserves Drop For First Time Since December by Emassive(m): 9:42pm On Mar 23, 2017
Ask Fashola and Ameachi how the ECA was bundled.
Ibime:
Nobody questioned the external reserves during GEJs tenure.

The query was always about the Excess Crude Account.
Re: External Reserves Drop For First Time Since December by k199192: 10:29pm On Mar 23, 2017
bantudra:
you think shouting biafra day and night will change anything??..

you people have been shouting biafra since 2015,did it changed anything??..

your igbo women are still marrying none igbos,your ports are still not working,your people are still flooding into lagos...

you are the one wasting his time on things you can not control..

forget kanu and ipob...they are all illiterates...falsehood will not bring you biafra,it will only make people hate you...

you can not force anything on anybody...
when you don't understand something you try to learn. Don't resolve to insults... In everything I wrote, did you see one mention of biafra or kanu or ipob. You cannot learn like this.... It's a shame.
Re: External Reserves Drop For First Time Since December by Ibime(m): 12:36am On Mar 24, 2017
Emassive:
Ask Fashola and Ameachi how the ECA was bundled.
I know how the ECA was unbundled. OBJ was there 8 years and nobody unbundled. Oga Jona used it to buy the Governor's support for 2011 elections. That's how the ECA was unbundled.

Even if we accept this pittypatty weak willed excuse, where is FGs 50% share?

Save your story for the political newcomers. I was here following on New Year's day 2010 when Jonathan opened the account to buy the Governor's support. In the dead of night when everyone was out throwing knockout and fireworks, they started sharing the savings that OBJ had guarded fastidiously for 8 years.
Re: External Reserves Drop For First Time Since December by BigIyanga: 1:14am On Mar 24, 2017
mrvitalis:
I have been against this new policy from the beginning... Build ur reserves to 120 billon before I start this thing ...by then our local manufacturing would have taken shape ..we won't die if we don't school abroad ..or eat/use foreign goods
Your phones and laptops are imported u know?
Re: External Reserves Drop For First Time Since December by ivandragon: 6:24am On Mar 24, 2017
Emassive:
Ask Fashola and Ameachi how the ECA was bundled.
why waste your time responding to such?
Re: External Reserves Drop For First Time Since December by naijaking1: 6:41am On Mar 24, 2017
Ibime:
I know how the ECA was unbundled. OBJ was there 8 years and nobody unbundled. Oga Jona used it to buy the Governor's support for 2011 elections. That's how the ECA was unbundled.

Even if we accept this pittypatty weak willed excuse, where is FGs 50% share?

Save your story for the political newcomers. I was here following on New Year's day 2010 when Jonathan opened the account to buy the Governor's support. In the dead of night when everyone was out throwing knockout and fireworks, they started sharing the savings that OBJ had guarded fastidiously for 8 years.
You mean how some smart governors like Amaechi and Fashola forced GEJ to unbundle the booty? Sure GEJ was 'weaker' than OBJ in terms of dealing with governors, but please don't minimize the roles of these 2 thieving governors turned Buhari saviors.
Re: External Reserves Drop For First Time Since December by richeeyo(m): 7:33am On Mar 24, 2017
gbegemaster:
This is the problem of black man. Instead of him to enlighten everyone with his knowledge and ideas he will be busy looking for economics teacher that died.

Our problem is beyond bad leaders. Our problem is the black man.

Now, please kindly task your black mans brain and tell us why it is wrong to deplete our foreign reserves.
Bros, the guys case was just out of hand, do t know where to start lecturing him, which could take me a whole semester
Re: External Reserves Drop For First Time Since December by Ibime(m): 8:02am On Mar 24, 2017
naijaking1:
You mean how some smart governors like Amaechi and Fashola forced GEJ to unbundle the booty? Sure GEJ was 'weaker' than OBJ in terms of dealing with governors, but please don't minimize the roles of these 2 thieving governors turned Buhari saviors.
Governor cannot force President to do anything. Force ko, force ni. Governors have been asking for ECA since time immemorial. All the Governors need do is ask as usual and a weak President needing them to rig upcoming elections for him was more than happy to oblige.

Where is FGs 50% share?
Re: External Reserves Drop For First Time Since December by Emassive(m): 11:45am On Mar 24, 2017
So you mean the govr that chopped tthe funds are saints now and hardworking citizens?
Ibime:
I know how the ECA was unbundled. OBJ was there 8 years and nobody unbundled. Oga Jona used it to buy the Governor's support for 2011 elections. That's how the ECA was unbundled.

Even if we accept this pittypatty weak willed excuse, where is FGs 50% share?

Save your story for the political newcomers. I was here following on New Year's day 2010 when Jonathan opened the account to buy the Governor's support. In the dead of night when everyone was out throwing knockout and fireworks, they started sharing the savings that OBJ had guarded fastidiously for 8 years.
Re: External Reserves Drop For First Time Since December by Emassive(m): 11:45am On Mar 24, 2017
Thank you jaree.
ivandragon:
why waste your time responding to such?
Re: External Reserves Drop For First Time Since December by BigIyanga: 3:06pm On Mar 24, 2017
Emassive:
So you mean the govr that chopped tthe funds are saints now and hardworking citizens?
Dont mind them! Later FG used part of its ECA savings to bail them out.
Re: External Reserves Drop For First Time Since December by Emassive(m): 4:23pm On Mar 24, 2017
Nigerians prefer to serve their leaders in suffering than to be liberated as One by themselves
BigIyanga:
Dont mind them! Later FG used part of its ECA savings to bail them out.
Re: External Reserves Drop For First Time Since December by Blue3k(m):
Why are people always taken by surprise by these natural effects of policy. The CBN isn't defending naira with body language. Oh well no need to cry over this people seem to like naira appreciating so this something people should except.
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