Philantropists:
It is open but plans has changed, i was advised by an estate agent to look out for bargain hunt houses not a N120 to N150m house. I am looking inwards into Phase 2 Lekki/Chevron with half the initial budget.

Got something for you that's within your new revised budget that I would like you to see. It's in chevron, lekki.

If you don't mind, simply pm me your nl moniker for easy identification. Thanks.

ahiboilandgas:
if u are given 200m and told u should not invest in fixed income or Nse ...so that will be the end .....

No. That will not be the end. I will do 'floating income' instead.

GonFreecss1:


Nope. And this discussion is not about me. It’s for the fear created in others about fixed income. A fear that is not needed. Again, not everyone can run a business.

if imf is nursing fears about sustainability of Nigeria debts why woudnt small investors that dont have huge info ?did u read the report on the first qrt revenue vs debt service=99 percent.......why we will not nurse fear ? ....we where nursing fear last year crude started drop .....bam 8 months after naira is 445 all our interest for 2 years dissapper....

GonFreecss1:


Nope. And this discussion is not about me. It’s for the fear created in others about fixed income. A fear that is not needed. Again, not everyone can run a business.

FEAR is False Evidence Appearing Real.

Some people were afraid that Nigeria will disintegrate in year 2000, still nothing happened.

Year 2050 will come and nothing will still happen.

Please keep investing and KEEP YOUR EYES ON THE BALL.

ahiboilandgas:
if imf is nursing fears about sustainability of Nigeria debts why woudnt small investors that dont have huge info ?did u read the report on the first qrt revenue vs debt service=99 percent.......why we will not nurse fear ? ....we where nursing fear last year crude started drop .....bam 8 months after naira is 445 all our interest for 2 years dissapper....

Sir, the only way to avoid FEAR is to put your money under your PILLOWS

Loooooool

Na play in de play with you ooo

ojesymsym:
I like the bolded. It is the an important concept and is the reason why as soon as a financial institution starts having panic withdrawals then their end is imminent.
I have read and heard too many things that sometimes I am no longer able to separate fact from fiction but I do believe I have heard of a concept called paper money used in the context of creating wealth. Very complex phenomenon that I will not attempt to start explaining it.

You understand well enough.

ukay2:


Sir, the only way to avoid FEAR is to put your money under your PILLOWS

Loooooool

Na play in de play with you ooo

not really be very diversified......

I am open to diversification also except that tenant/ landlord issue, it irritates me to no end.

ahiboilandgas:
not really be very diversified......

ukay2:


FEAR is False Evidence Appearing Real.

Some people were afraid that Nigeria will disintegrate in year 2000, still nothing happened.

Year 2050 will come and nothing will still happen.

Please keep investing and KEEP YOUR EYES ON THE BALL.

Nigeria In Financial Crisis: Robbing Our Children to Pay for Our Greed.

Nothing has shocked me in my entire life in public service as the revelation from Nigeria’s First Quarter 2020 financial reports in the Medium Term Expenditure Framework and Fiscal Strategy from the Federal Ministry of Finance, Budget, and National Planning, which shows, alarmingly, that whereas Nigeria spent a total sum of ₦943.12 billion in debt servicing, the Federal Government’s retained revenue for the same period was only ₦950.56 billion. This means that Nigeria’s debt to revenue ratio is now 99%.

No one should be deceived. This is a crisis! Debt servicing does not equate to debt repayment. The reality is that Nigeria is paying only the minimum payment to cover our interest charges. The principal remains untouched and is possibly growing.

We are at a precipice. If our revenue figures do not go up, and go up quickly, Nigeria risks a situation where our revenue can't sustain our debt servicing obligations. Meaning that we may become insolvent, and our creditors may foreclose on us.

In my opinion editorial of December 17 2019, titled 'Endless Borrowing Will Lead Nigeria to Endless Sorrowing', I had cause to counsel the Federal Government to desist from indiscriminate lending, and offered suggestions on ways to both increase revenue and reduce expenditure.

However, my counsel fell on deaf ears. And now we have come to this.

Again, on May 15, 2020, I counselled that the FG ought to reduce Nigeria’s budget by at least 25%, to reflect the economic realities of the times that we live in. Again, my entreaties were brushed aside.

As part of an administration that paid off Nigeria’s entire foreign debt, I am concerned by the alarming and avoidable unprecedented increase in our debt to GDP ratio and debt to revenue ratio. The alarm I sounded last year is now sounding louder.

Not only have we squandered our opportunities, we have also squandered the opportunities of our future generations by bequeathing them a debt that they neither incurred nor enjoyed.

As a matter of utmost urgency and importance, I call on the Federal Government to take immediate steps to drastically reduce its expenditure, especially on wasteful projects, such as maintenance of the Presidential Air Fleet, and unnecessary renovations of buildings that could serve as is, limousine fleet for top government officials, overseas travels and treatments, and the ₦4.6billion Presidential villa maintenance budget, etc.

We cannot be on the verge of economic ruin, while still maintaining a Presidential Air Fleet that has more planes than the Presidential fleets of those from whom we take these loans.

Nigeria must sell those planes and channel the revenue to other vital areas of need while taking additional steps to reduce the cost of running our government.

The Federal Government cannot continue to justify these unsustainable numbers by pointing at Nigeria’s debt to GDP ratio.

That is only half the picture. Our debt to revenue ratio paints a much more realistic portrait of our financial situation, especially as our revenues are majorly tied to a mono-product, oil and gas, which are very vulnerable to global shocks.

Again, I warn that Nigeria is facing a crisis, and we cannot continue to keep up appearances by taking out more loans to prop up our economy. That will amount not just to robbing Peter to pay Paul, but to robbing our children to pay for our greed! -A

pluto09:



Don't compare USA economy with Nigeria o.
They can continue to print dollars to run their economy, Nigeria cannot print dollars to service her foreign denominated loans.

And talking about debt to GDP, that is not a good metric to measure debt sustainability.
Debt to revenue will be more appropriate. In q1 2020, Nigeria used about 99% of her revenue to service her debts. Q2 figures will likely be worse .Who does that and survive?

Bros. I am one of the pioneers of buy Eurobond funds or USD assets to save your investment. We will still be here and nothing will happen. Crude oil price went below 20 usd per barrel. What did we expect?

But for the government to start defaulting on Bonds. Lol! I say no more.

ahiboilandgas:
if imf is nursing fears about sustainability of Nigeria debts why woudnt small investors that dont have huge info ?did u read the report on the first qrt revenue vs debt service=99 percent.......why we will not nurse fear ? ....we where nursing fear last year crude started drop .....bam 8 months after naira is 445 all our interest for 2 years dissapper....

Your interest relative to FX vanished not the ability for the FGN to pay back though.

NL1960:


No. That will not be the end. I will do 'floating income' instead.

Which one is floating income, please?

ukay2:


FEAR is False Evidence Appearing Real.

Some people were afraid that Nigeria will disintegrate in year 2000, still nothing happened.

Year 2050 will come and nothing will still happen.

Please keep investing and KEEP YOUR EYES ON THE BALL.

Thank you.

ukay2:


Sir, the only way to avoid FEAR is to put your money under your PILLOWS

Loooooool

Na play in de play with you ooo

Hahahaha!

People don’t know if we start analysing all the risks with all investments down to the T. No one will invest. Even leaving your money in the bank is not a guarantee. You can still loose your money.


There is even the risk of having the money under your pillow and not being able to spend it, because currency have casted and everyone is hunting for food and water.

GonFreecss1:


Your interest relative to FX vanished not the ability for the FGN to pay back though.

i no get strength sha...the fgn has not paid back but roll over and extended the d day .......i bought 4 tyres this morning (gloden crown ) at 90,000 k each it was 71000 k in nov 2019 ....so Naira is very uselss to me .....it get endless distorted ........

ahiboilandgas:
Nigeria In Financial Crisis: Robbing Our Children to Pay for Our Greed.

Nothing has shocked me in my entire life in public service as the revelation from Nigeria’s First Quarter 2020 financial reports in the Medium Term Expenditure Framework and Fiscal Strategy from the Federal Ministry of Finance, Budget, and National Planning, which shows, alarmingly, that whereas Nigeria spent a total sum of ₦943.12 billion in debt servicing, the Federal Government’s retained revenue for the same period was only ₦950.56 billion. This means that Nigeria’s debt to revenue ratio is now 99%.

No one should be deceived. This is a crisis! Debt servicing does not equate to debt repayment. The reality is that Nigeria is paying only the minimum payment to cover our interest charges. The principal remains untouched and is possibly growing.

We are at a precipice. If our revenue figures do not go up, and go up quickly, Nigeria risks a situation where our revenue can't sustain our debt servicing obligations. Meaning that we may become insolvent, and our creditors may foreclose on us.

In my opinion editorial of December 17 2019, titled 'Endless Borrowing Will Lead Nigeria to Endless Sorrowing', I had cause to counsel the Federal Government to desist from indiscriminate lending, and offered suggestions on ways to both increase revenue and reduce expenditure.

However, my counsel fell on deaf ears. And now we have come to this.

Again, on May 15, 2020, I counselled that the FG ought to reduce Nigeria’s budget by at least 25%, to reflect the economic realities of the times that we live in. Again, my entreaties were brushed aside.

As part of an administration that paid off Nigeria’s entire foreign debt, I am concerned by the alarming and avoidable unprecedented increase in our debt to GDP ratio and debt to revenue ratio. The alarm I sounded last year is now sounding louder.

Not only have we squandered our opportunities, we have also squandered the opportunities of our future generations by bequeathing them a debt that they neither incurred nor enjoyed.

As a matter of utmost urgency and importance, I call on the Federal Government to take immediate steps to drastically reduce its expenditure, especially on wasteful projects, such as maintenance of the Presidential Air Fleet, and unnecessary renovations of buildings that could serve as is, limousine fleet for top government officials, overseas travels and treatments, and the ₦4.6billion Presidential villa maintenance budget, etc.

We cannot be on the verge of economic ruin, while still maintaining a Presidential Air Fleet that has more planes than the Presidential fleets of those from whom we take these loans.

Nigeria must sell those planes and channel the revenue to other vital areas of need while taking additional steps to reduce the cost of running our government.

The Federal Government cannot continue to justify these unsustainable numbers by pointing at Nigeria’s debt to GDP ratio.

That is only half the picture. Our debt to revenue ratio paints a much more realistic portrait of our financial situation, especially as our revenues are majorly tied to a mono-product, oil and gas, which are very vulnerable to global shocks.

Again, I warn that Nigeria is facing a crisis, and we cannot continue to keep up appearances by taking out more loans to prop up our economy. That will amount not just to robbing Peter to pay Paul, but to robbing our children to pay for our greed! -A

All these are headaches to me....

Too much analysis leads to paralysis

My prayer is to see long term FGN Bonds at discount prices shikena

I no fit drink panadol for FGN headaches

GonFreecss1:



Hahahaha!

People don’t know if we start analysing all the risks with all investments down to the T. No one will invest. Even leaving your money in the bank is not a guarantee. You can still loose your money.


There is even the risk of having the money under your pillow and not being able to spend it, because currency have casted and everyone is hunting for food and water.

One million boys will even help you invest it.....

ukay2:



All these are headaches to me....

Too much analysis leads to paralysis

My prayer is to see long term FGN Bonds at discount prices shikena

I no fit drink panadol for FGN headaches

FG headache or every Nigerian's headache.

Do you think rich people will be safe when more people are poor?

ahiboilandgas:
not really be very diversified......

That is what we are doing Sir....

holysaint1:


Got something for you that's within your new revised budget that I would like you to see. It's in chevron, lekki.

If you don't mind, here's my what's app number: 080 eight 734 six987.

Simply message me your nl moniker for easy identification. Thanks.

Oga Philanthropist, watch your back oo

Egungun fit enter express oo

Investors should understand the risk and oppurntiies any class of investment presents....in holding a bond of any country their are certain risk .....a default risk , devaluation,inflations risk ...this why the p/l accounts of leading banks they make provisions for all type of risks and rating to make inform decisions.....example if i invest 50m in suku bond at 11.3 ...i will not go a sleep ....i will monitor Nigerians revenue to debt sustainability, political stability etc ( investor in syria never taught a war will break out ) ...investors in thailand never taught a coup can happen ....no body ever taught crude oil can move to zero or covid shuting the world economy.....so your eye will be on this factors steady ....know when to exit the markets.....

yomi007k:


FG headache or every Nigerian's headache.

Do you think rich people will be safe when more people are poor?

lol no be to use your riches pack your family to another country and watch on TV how the poor will eat themselves in the shitholè?
No one cares!Not me,not Buhari,not Osinbajo,not even yahweh and his fraudulent son
Bottom line is take risks according to how you can carry and the ones that guarantee you a greater outcome,while worrying less about how your neighbour is going to survive.

Theconglomerate:
lol no be to use your riches pack your family to another country and watch on TV how the poor will eat themselves in the shitholè?
No one cares!Not me,not Buhari,not Osinbajo,not even yahweh and his fraudulent son

Ogbuefi.

yomi007k:


Ogbuefi.

Odogwu nwanne

ukay2:


Oga Philanthropist, watch your back oo

Egungun fit enter express oo

sir.. If you wont mind, you can message me and i will show you what i have for him so you can verify if i want to swindle him or not.

At least this is what you should have initially done before....

Pls dont do unto others what you dont wish to be done to you.

Example we saw the sign that naira was not sustainable at 305 ....so around july last year all my tb investments was liquidated to sock up euro at 392, dollars at 355......i have sold must now and my naira position has jumped 29 percent....without any headaches.....so tyres jum ping from 71 to 85k can be well accommodated .....if i waited an imagine that tb was risk free and hold till maturity i could have take a loss of over 25 percent in real purhasing power.....money is about it purchasing power....not number to me .....

Example we saw the sign that naira was not sustainable at 305 ....so around july last year all my tb investments was liquidated to sock up euro at 392, dollars at 355......i have sold must now and my naira position has jumped 29 percent....without any headaches.....so tyres jum ping from 71 to 85k can be well accommodated .....if i waited an imagine that tb was risk free and hold till maturity i could have take a loss of over 25 percent in real purhasing power.....money is about it purchasing power....not nu

ahiboilandgas:
Example we saw the sign that naira was not sustainable at 305 ....so around july last year all my tb investments was liquidated to sock up euro at 392, dollars at 355......i have sold must now and my naira position has jumped 29 percent....without any headaches.....so tyres jum ping from 71 to 85k can be well accommodated .....if i waited an imagine that tb was risk free and hold till maturity i could have take a loss of over 25 percent in real purhasing power.....money is about it purchasing power....not number to me .....

Sir the argument was Nigeria paying back FGN bonds. Not currency risks. We all know this. Yes! The Naira is Big Bad and Risky!

ukay2:



All these are headaches to me....

Too much analysis leads to paralysis

My prayer is to see long term FGN Bonds at discount prices shikena

I no fit drink panadol for FGN headaches

you are not an investor yet....

GonFreecss1:


Sir the argument was Nigeria paying back FGN bonds. Not currency risks. We all know this. Yes! The Naira is Big Bad and Risky!

there is a default risk too....Nigeria has a revenue problem....i dont know how to explain to u ...

ahiboilandgas:
Investors should understand the risk and oppurntiies any class of investment presents....in holding a bond of any country their are certain risk .....a default risk , devaluation,inflations risk ...this why the p/l accounts of leading banks they make provisions for all type of risks and rating to make inform decisions.....example if i invest 50m in suku bond at 11.3 ...i will not go a sleep ....i will monitor Nigerians revenue to debt sustainability, political stability etc ( investor in syria never taught a war will break out ) ...investors in thailand never taught a coup can happen ....no body ever taught crude oil can move to zero or covid shuting the world economy.....so your eye will be on this factors steady ....know when to exit the markets.....

Thank you for this write up sir, please pinch me to exit whenever you see the danger light.

ahiboilandgas:
there is a default risk too....Nigeria has a revenue problem....i dont know how to explain to u ...

Sir. I know the revenue problem all too well, the problem is you thinking money in the bank will be safe too.


Understand that all this things are tied together.