₦airaland Forum

Buhari again omg buhari is the best President over the world please be a life President.

In your words, 'we need MORE MONEY to invest'

...please what are foreign reserves made up of?...is it urine?

alizma:
I mean no ill but please take out time to read more on economy, you are too beautiful to ask this question.
to answer your question, we are still owing because we need more money than we have to invest in capital projects which will unturn boost our economy. the same reason why a business outfit have both assets and liabilities on its balance sheet.

Yuceeluv:
In your words, 'we need MORE MONEY to invest'

...please what are foreign reserves made up of?...is it urine?

Keep quiet , here is not for cosmetic charade, go to romance section, your Uncles are here discussing macro economic development/ achievements not this your elementary discussion

Get a life na or borrow someone's own.who is talking to you?

Afamed:
Keep quiet , here is not for cosmetic charade, go to romance section, your Uncles are here discussing macro economic development/ achievements not this your elementary discussion

Yuceeluv:
In your words, 'we need MORE MONEY to invest'

...please what are foreign reserves made up of?...is it urine?

I repeat, you need more understanding of the economy than you already know. your foreign reserve is your financial security that you can fall on when you are in dare and urgent need for money. it also serves as your financial image by which your lender determine your ability to pay back, it gives you relatively upper hand to bargain the interest rate. the higher your ability to pay back, the lower the interest rate that you are likely to be charged

Okay I understand now...thanks for the explicit explanation.

alizma:
I repeat, you need more understanding of the economy than you already know. your foreign reserve is your financial security that you can fall on when you are in dare and urgent need for money. it also serves as your financial image by which your lender determine your ability to pay back, it gives you relatively upper hand to bargain the interest rate. the higher your ability to pay back, the lower the interest rate that you are likely to be charged

alizma:
I mean no ill but please take out time to read more on economy, you are too beautiful to ask this question.
to answer your question, we are still owing because we need more money than we have to invest in capital projects which will unturn boost our economy. the same reason why a business outfit have both assets and liabilities on its balance sheet.

Smh


You need a refund from your tutors .

Yuceeluv:
Okay I understand now...thanks for the explicit explanation.

I have once informed you, here is for macro economy discussion. You will do more in Romance section. Here is built for your Uncles

Afamed:
I have once informed you, here is for macro economy discussion. You will do more in Romance section. Here is built for your Uncles

She just succeeded in making your illiteracy on the working of the economy more pronounced.

You’re a complete dunce on the subject matter yet you want to use your junk knowledge to tutor better people.

My greatest sympathy goes to those folks that will waste their precious time trying to educate sai baba zombies in any public forum. It’s a total waste of time and energy.

Truckpusher:
She just succeeded in making your illiteracy on the working of the economy more pronounced.

You’re a complete dunce on the subject matter yet you want to use your junk knowledge to tutor better people.

My greatest sympathy goes to those folks that will waste their precious time trying to educate sai baba zombies in any public forum. It’s a total waste of time and energy.

Keep quiet women wrapper

Afamed:
Keep quiet women wrapper

Typical zombie !!

Once they can’t comprehend anything they curse .

Truckpusher:
Typical zombie !!

Once they can’t comprehend anything they curse .

Keep quiet, you have just compounded her ignorance. Women wrapper

Afamed:
Keep quiet, you have just compounded her ignorance. Women wrapper

You're the ignorant one here , you’re not only ignorant but stupid to a point that can only be compared to that of a third world rodent.

Yuceeluv:
In your words, 'we need MORE MONEY to invest'

...please what are foreign reserves made up of?...is it urine?

I repeat, you need more understanding of the economy than you already know. your foreign reserve is your financial security that you can fall on when in dear need of money. it also serves as your financial image by which your lender determine your ability to pay back, it gives you relatively upper hand to bargain the interest rate. the higher your ability to pay back, the lower the interest rate that you are likely to be charged

Yuceeluv:
Why then is the country's debt skyrocketing?

some of you ll just sit down and type rubbish.prove to us that d country debt skyrocket compere to d 16yrs of wastages by d MOST CORRUPT party in Africa (PDP)

Yuceeluv:
You all are swallowing pills of deceit the govt is feeding you...if foreign debts were sooo needed,why did obasanjo,in his regime try all he could to clear off external debts that were skyrocketing?... Lemme rephrase my question...then you can answer... WHY IS THE COUNTRY'S DEBT SKYROCKETING?.

...I studied accounting, and was taught to clear off current liabilities with income accrued at the year's end...sooo all ye economists should know when the sink in debts is a big problem.

...another question for you...some of these banks that could not stand anymore,plus the one currently struggling,what do you think sunk them?...if I say use your head now,you'll say I insulted you...but please do use it and its not an insult sir...bliv me.

Those who initially termed you a wailer already saw through your so called simple question. When will you begin to wail with sense?

You claim to have posed "a simple question, ignorantly asked", yet you are now forming accountant professional?

Indeed! You are ignorant.


What you should have been asking is by what extreme failure and criminal irresponsibility, would a country earn so much petrodollars from crude oil selling at over $100/barrel between 2010 and 2014, yet it was the same period where foreign reserves dropped from $47b to $29b.

It was the same period where almost all FG saving was reduced to near zero, and government borrowing increased in multiples.

Yet you have not developed the conscience to ask what happened to all the petrodollars earned before the oil price slump began in mid 2014?

How come previous regimes before the last PDP failure that was sacked, were able to raise government savings, pay off debts in 2004/2005, tackle a global economic meltdown in 2008 with funds earned from petrodollars, yet were still able to drastically improve the foreign reserves even when they didn't earn as much oil revenue as the clueless Jonathan who already had to start borrowing to pay civil servant salaries just because oil was no longer selling at $100/barrel?

BUHARIRIANS!...I see you all...I don't have strength to waste on you'all...the blindness you all have is incurable...Infact I pray for your buhari to win again...this time the number of suicide cases will come from you,his followers.

StOla:
Those who initially termed you a wailer already saw through your so called innocent question. When will you begin to wail with sense?


What you should have been asking is by what extreme failure and criminal irresponsibility, would a country earn so much petrodollars from crude oil selling at over $100/barrel between 2010 and 2014, yet it was the same period where foreign reserves dropped from $47b to $29b.

It was the same period where almost all FG saving was reduced to near zero, and government borrowing increased in multiples.

Yet you have not developed the conscience to ask what happened to all the petrodollars earned before the oil price slump began in mid 2014?

Oh that's easy ill do jes that after you prove to me,your own claims.

Godblesspmb:
some of you ll just sit down and type rubbish.prove to us that d country debt skyrocket compere to d 16yrs of wastages by d MOST CORRUPT party in Africa (PDP)

Yuceeluv:
BUHARIRIANS!...I see you all...I don't have strength to waste on you'all...the blindness you all have is incurable...Infact I pray for your buhari to win again...this time the number of suicide cases will come from you,his followers.

You managed to prove you are just another PDP sycophant and enemy of the state who is unhappy that foreign reserves are rising under a regime that has not had the luxury of oil revenue that Jonathan had from 2010 to 2014.

Yes the government borrowing has increased but what of the regime that earned so much yet was still borrowing and running down previous savings?

Can you address the economic irresponsibility of 2010 to 2014?

Or you were still an undergraduate accountant to understand why debts should pile up, savings should vanish, foreign reserves should collapse, yet we were selling crude at over $100/barrel and earned over 50% of our crude oil revenue since 1956 within those same years we have nothing to show for such windfall?

my brother,jes nod and leave them to their myopic brains...ZOMBIES as you call them...people being controlled by a remote.

Truckpusher:
Typical zombie !!

Once they can’t comprehend anything they curse .

Atiku and his minions want to come back and share it among themselves. We are here to make sure it never happens

Lol...'the govt borrowing has increased'...you have finally agreed... Can you now just state where and where these monies are being utilised effectively?... Before you continue your barking?

...plus since you're so passionate about PMB,he must've disclosed to you how much he " the saint" was able to realize from all the fraudulent officials plus what he used the money for...all that money he collected and is still collecting.

StOla:
You managed to prove you are just another PDP sycophant and enemy of the state who is unhappy that foreign reserves are rising under a regime that has not had the luxury of oil revenue that Jonathan had from 2010 to 2014.

Yes the government borrowing has increased but what of the regime that earned so much yet was still borrowing and running down previous savings?

Can you address the economic irresponsibility of 2010 to 2014?

Or you were still an undergraduate accountant to understand why debts should pile up, savings should vanish, foreign reserves should collapse, yet we were selling crude at over $100/barrel and earned over 50% of our crude oil revenue since 1956 within those same years we have nothing to show for such windfall?

Yuceeluv:
Lol...'the govt borrowing has increased'...you have finally agreed... Can you now just state where and where these monies are being utilised effectively?... Before you continue your barking?

...plus since you're so passionate about PMB,he must've disclosed to you how much he " the saint" was able to realize from all the fraudulent officials plus what he used the money for...all that money he collected and is still collecting.

Has anyone ever denied that government borrowing has increased under the present regime?

If you cannot justify why borrowing increased in multiples under a regime that was selling crude oil at over $100/barrel, then why are you surprised that a regime that sold crude oil even as low as $27/barrel would have to increase borrowing?

The anomaly is when you have a windfall of oil revenue from 2010 to 2014, yet you cannot point to any tangible infrastructure that was achieved, instead government savings was ran aground, debts that were paid back by regimes that did not have such luxury of oil revenue were re-accumulated, and foreign reserves collapsed from $47b in 2010 to $29b in 2015.

That you do not condemn such anomaly, is evidence that you are a shameless and miserable partisan wailer.

Shame on you, and your agony at positive economic news must surely continue.

Continue asking "simple questions" borne out of ignorance. You only deceive yourself.

why so pained though? In every of your mention,you exhume bitterness from within you with vigour...kilode?

...plus,you didn't answer the simple questions I asked...NOT EVEN ONE!

...BOY BYE!

StOla:
Has anyone ever denied that government borrowing has increased under the present regime?

If you cannot justify why borrowing increased in multiples under a regime that was selling crude oil at over $100/barrel, then why are you surprised that a regime that sold crude oil even as low as $27/barrel would have to increase borrowing?

The anomaly is when you have a windfall of oil revenue from 2010 to 2014, yet you cannot point to any tangible infrastructure that was achieved, instead government savings was ran aground, debts that were paid back by regimes that did not have such luxury of oil revenue were re-accumulated, and foreign reserves collapsed from $47b in 2010 to $29b in 2015.

That you do not condemn such anomaly, is evidence that you are a shameless and miserable partisan wailer.

Shame on you, and your agony at positive economic news must surely continue.

Continue asking "simple questions" borne out of ignorance. You only deceive yourself.

Yuceeluv:
why so pained though? In every of your mention,you exhume bitterness from within you with vigour...kilode?

...plus,you didn't answer the simple questions I asked...NOT EVEN ONE!

...BOY BYE!

Continue pretending to be clueless like Jonathan.

I reckon you were replying me with answers to my questions from my very first mention of your quote?

I have stated statistical facts of failure and financial irresponsibility of the sacked PDP regime your type wanted to continue in office, yet you have no single defense to make for your partisanship that is not borne out of any patriotic zeal to have Nigeria develop.

Haters of goodnews will forever remain miserable.

GavelSlam:
Same reason America and Dangote are owing.

Yuceeluv post=73721749:
Why then is the country's debt skyrocketing?

Please stop wasting your time replying all this senselessly foolish PDP Igbo, nothing you tell them will make them reason.