Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,771 members, 7,955,944 topics. Date: Sunday, 22 September 2024 at 07:18 PM |
Nairaland Forum / Nairaland / General / Politics / External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues (9398 Views)
Tinubu Orders Release Of Food Reserves To Boost Availability / Government To Release Food Items From Reserves To Crash Prices / Nigeria’s Foreign Loans Set For All-time High At $45bn As Buhari Begs For Loan (2) (3) (4)
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by Honor10: 7:02am On Apr 15, 2019 |
Esseite: what is d debt when GEJ was president, and I think u dont know that USA has the highest debt in the world, what am saying is ur leader was about turning our external reserve to debt too. 3 Likes 1 Share |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by Bestbeelieve: 7:03am On Apr 15, 2019 |
lies from the pit of hell....yet every now and then CBN pumps in millions of dollars into the dead economy just to keep it afloat. NGR is just a disaster waiting to happen. |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by Honor10: 7:05am On Apr 15, 2019 |
Bestbeelieve: no, am blaming him for ur own failures, oya kill urself. 3 Likes 1 Share |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by chibuzorAbia: 7:06am On Apr 15, 2019 |
yerokunphilips: Very very senseless and stupiid statement. The economy of a country full of poor people reproducing at a dangerously alarming rate cannot be focused just on alleviating the pains of the hungry and irresponsible common man. So we should spend the $45b on importing food to feed the hopeless common man leaving infrastructure and our agricultural development, abi? 7 Likes 1 Share |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by Denikayan: 7:08am On Apr 15, 2019 |
yerokunphilips: Stop making statements like an illiterate 6 Likes 1 Share |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by Denikayan: 7:10am On Apr 15, 2019 |
Honor10: Is that you just wanted to comment or you knowledgeable about the economics |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by Gsteve01(m): 7:11am On Apr 15, 2019 |
I'm watching |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by chibuzorAbia: 7:11am On Apr 15, 2019 |
Dami12345: Illiterate. Please do the country a favour, don't have children. |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by Nobody: 7:11am On Apr 15, 2019 |
Honor10: USA has the highest debt, but what is their Debt to GDP? They have the most robust GDP in the world aswell, their unemployment is at 3% of a more larger population than Nigeria. |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by Nitah1: 7:13am On Apr 15, 2019 |
Onyemadonald:Few idiots here will not like this news. 1 Like 1 Share |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by chibuzorAbia: 7:14am On Apr 15, 2019 |
Esseite: Illiteracy in economics dey worry your Atikulated Buhari-hateful brain. 4 Likes 1 Share |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by kabarka(m): 7:14am On Apr 15, 2019 |
my question is How many percent of this is from Gold? |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by Nobody: 7:17am On Apr 15, 2019 |
chibuzorAbia: You are brain dead.. if you have a counter, come up with one. |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by chibuzorAbia: 7:18am On Apr 15, 2019 |
kabarka: Good question- rightly or wrongly. 1 Like |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by chibuzorAbia: 7:19am On Apr 15, 2019 |
Esseite: Counter a hateful illiterate? Go find ya mate. 2 Likes 1 Share |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by Nobody: 7:21am On Apr 15, 2019 |
chibuzorAbia: Like i said earlier... you are empty, empty barrels makes the loudest noise. You cannot even raise even one single point, but you can type "counter hateful illiterate"... read bro, read.. |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by Reference(m): 7:24am On Apr 15, 2019 |
jullidee2006: Well, as long as interest rates remain high the latest FPI moves will remain. What we should ask is what do we prefer.... higher interest rates or higher reserves, in this case. Economists should speak up. |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by new2012: 7:29am On Apr 15, 2019 |
Esseite: Please stop making fools popular..I can't imagine how someone will coin those nonsense.. No need arguing with them please |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by Reference(m): 7:34am On Apr 15, 2019 |
chibuzorAbia: But higher reserves is meant to stabilise the naira in favour of imports..... such as food imports you criticise. The high interest rates that draw FPI's into he economy also kills off local industries. So you need to think deeply and carefully before a blanket support or derision of this situation. It is clearly a doube edged sword. In developed economies interest rates and inflation is more important than reserves but this happens where the local currency floats and the economy is well diversified with a viable export engine. A quest for higher reserves though laudable remains essentially a socialist policy. In Nigeria it is the antithesis of a diversified, export driven, modern economy. |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by new2012: 7:34am On Apr 15, 2019 |
Honor10: I can bet you're illiterate.. Even if you're educated, you're an educated illiterate. Its noe about pushing the narrative, having followership in stupidity.. GEJ was a failure no doubt, but coining those words up there makes you a total illiterate. You think its about having external reserve? How many months of import can that even sustain man, what's the country's GDP? how many people are dying per day due to menace of boko haram, herdsmen, bandits, etc? Whats the average cost of living today? How much do you earn-what's the value of same with the USD, now and 4years ago? Juxtapose it to your comment and relate the whole thing with the external reserve. Its so bad that people are committing suicides, killing themselves coz of hardship, it was ne'er this bad. Illiteracy is indeed a disease, it blurs ur imagination and obstruct ur reasoning flow. |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by UncletC: 7:37am On Apr 15, 2019 |
Honor10:you are wrong Sir, during Jonathan, external reserve was low about $30 billion but Nigeria debt was low at about $9 billion or so but now Nigeria reserve is $45 billion high but our debt is at about @26 billion..... do your calculation and project where there is more better manager..... do you seize to use your salary and rather resort to borrow and pay interest so that your savings in the bank be high? is that not foolishness? |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by Titogbanski: 7:40am On Apr 15, 2019 |
I really don't understand this external reserves thing....is it a normal economic statistic? I don't hear it about other high performing countries.....you don't hear that Rwanda, Ghana, South Africa or even the U.S.A, China, Brazil, U.K have just hit a new external reserve high. Performance in these countries is based on something easily seen and felt.......increase in employment rate, power generation, high speed trains, low or zero inflation, GDP growth, debt reduction, increase FDI,.......it is never about external reserves increase. The paradox is that you claim external reserves has increased but we don't feel it.......unemployment, inflation, debt profile are all on the increase. Increase external reserves is not reflecting anywhere or in anything |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by Nobody: 7:43am On Apr 15, 2019 |
Onyemadonald: As apc claims that our reserves is increasing, we keep suffering more n more n hunger worsens |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by Quidquopro: 7:44am On Apr 15, 2019 |
Good news... |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by Nobody: 7:47am On Apr 15, 2019 |
Esseite: UncletC: Now, in answering your question, I am not here to praise Buhari or balme GEJ or vice versa. According to Fitch, in 2017, Nigeria needs oil to be at $140 per barrel to have a budget without debt, and that would sustain us....it's called the breakeven price (and it varies from country to country...Saudi needs it at $70, Russia at $99, Kuwait at $45.). Since Buhari has taken over in 2015...international oil prices have been between $80 and $30 (even at$29 at one point). Diversifying the economy ?? Yes, but we have fallen far behind in Agriculture (GEJ just managed to get us back to No 5 in cocoa...which was a miracle in itself. Cotton?? Palm oil? Far behind) Anyone who thought that whoever won in 2015 was going to run an economy free of borrowing and free of debt was in dreamland. Now, where I bash Buhari is that we spend too much on subsides. These have a bad effect on the amount of cash government has available to spend Still...let's commend him for saving. GEJ....despite having oil prices as high as $120 and above did not save. And that is part of the reason why we have econonic crisis EVEN then....Buhari and GEJ both have one problem. Nigeria is a poor nation, we waste the little money we have, and we are not ready to make the hard choices needed to get off oil. Which is cutting subsides on oil and power so as to attract investors who would generate profit, create jobs, and straighten our economy...enabling us to stop relying too much on oil 3 Likes 1 Share |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by Honor10: 7:51am On Apr 15, 2019 |
new2012: Thrash |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by bendike: 7:56am On Apr 15, 2019 |
Honor10:I was richer when Jonathan was president. Dollar was N140+, petrol was N85. Talk about depleting reserved or adding reserves, that does not concern me. Standard of living is what matters. You hear of fancy stories by this regime yet the suffering continues. 1 Like |
Re: External Reserves To Hit $45bn As Dollar Inflow From FPIs Continues by Nobody: 8:03am On Apr 15, 2019 |
bendike: And price of crude was between $94-130 from 2010-14. Buhari, in fairness to him, had crude between $30-80 since he took over. Of course less dollar inflow means less dollars to buffer the value of the naira Also, fuel was between N65, in 2010, N97 by 2012 and N87 by 2015, at the expense of our foreign reserves...much of which was used to pay for subsidies.(That's a big reason why GEJ was unable to save, and why he wanted to remove subsidies...but silly Nigerians and a silly opposition won't let him). From 2013...outside Abuja and Lagos, fuel was as high as N120. Infact in 2014...fuel was higher than N100 on the outskirts of Abuja and there were frequent long queues. Also from 2013-16 , we had frequent fuel scarcity...because the cost of maintaining the fuel subsidy was getting too high, and debts were rising (That's why GEJ tried to increase prices from N65 to N140) Either way, if oil prices were as highas $100 under Bubu, Nigerians would be saying we are prosperous. Fact is....we have a vulnerable economy. And we have to reduce that vulnerability. 2 Likes |
Death Row: "Execution Or Life Sentence", Which should Nigeria Adopt " / Ahmad Lawan: Only Confirmed NDDC Board Members Will Defend Their Budget / Please What Is The Difference Between The Improve NIN Slip And Premium NIN Slip
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 71 |