₦airaland Forum

Default or end Fuel Subsidy.
Peter Obi manifesto had diagnosed the problem.
Will your old TINUBU deliver?

Ending fuel subsidy will give "injenct" 12B to Nigeria gov.

GeneralDae:
Lol, okay.

Stop projecting and go talk to you buddies in the list below. Everytime a Ghanian talk macro-economics - I want to literally puke. WHAT ARE YOU SAYING

Fitch Ratings-London-29 March 2023: There have been 14 separate default events since 2020, across nine different sovereigns, a marked increase compared with 19 defaults across 13 different countries between 2000 and 2019, says Fitch Ratings in a new report. A record five Fitch-rated sovereigns are in default: Belarus, Lebanon, Ghana, Sri Lanka and Zambia

Just40:
Kenya again defaulted on loan payment to the US Export and import bank and was penalized by an additional 24 million dollars surcharge.

A useless country 🤣😂

23 billion - okay - minus oil subsidy of 12B - remainder 11B - minus debt servicing of 11B - BROKE.
You then go to borrow to pay salaries and recurrent expenditure at crazy interest rates.
Ideally you should default - and stop borrowing. Then address that mess.
But you fear being laughed out like Ghana

GeneralDae:
Give me data from a reliable source not Steve Hanke. You and your fellow Kenyans are the only one ones here who takes that clown seriously.

The Nigerian revenue from FIRS (taxes) at the federal level only was 10.1 trillion naira in 2022 which is 23 Billion dollars at federal level only.
Estimated revenue for this year is also same 10 trillion naira though it may likely surpass that.

Ghana & Nigeria - Plus Malawi and South Sudan

Last I checked it was 10B from Federal Revenue; 15 or 12B from oil/royalties - which was immediately converted into stupid fuel subsidies;
So basically usable revenues are 10B;
Usable forex I hear are about 15B; far cry from official figures;
Just like forex exchange going by black market is almost double the official rate.
Nigeria has been in the red for sometime - with debt servicing ration long exceeding 100%.

What is stopping your from defaulting is just national pride. - you rather pay 100% of all money to service debt
What is also stopping your from devaluaing Naira is the same national pride.

Eventually you must confront the your economic demons if you want to stop manufacturing poverty at industrial scale like you're doing now - and your federal gov is totally dysfunctional.

GeneralDae:
The 10 Billion you got from your ass without proof? If you can't give proof, then the argument becomes a waste of time.

You said if naira is devalued, but naira has not been devalued.

Federal revenues is 10B
Federal external debt is approaching 50B - if Naira is devalued so you can have unified exchange rate - it will mean doubling of debt obligation.

Again states have their revenues and their debt

GeneralDae:
Okay wait until the devaluation happens. For now it's 30 Billion dollars revenue.
External debt is 40 Billion dollars. Not that much of a problem I believe.

GeneralDae:
What in this report says Nigeria is going bankrupt? and how do you get this your 10 Billion dollars revenue? It is10 trillion naira which is 23 Billion dollars at federal level from taxes.

With Lagos and other states, the total revenue of Nigeria for 2022 should be above 30 Billion dollars from both FIRS and states.
There are other sources of revenue as well that are not in that.

External debt...overvalued naira..will eventually devalue..doubling your External debt. With 10b dollars in revenue you already cant repay debt.States are also choking in their debt.I called out Ghana default years before due to their External debt.Nigeria is heading there

Saddamochieng00:
Interesting that both doubled their profits in 2020-2021.

Our only liability is our envious and lazy brother down South. They always seem to be suspicious of any Kenya enterprise. Won't be a problem though if we have these two new and bigger markets with lesser competition.

Yes kenya companies struggle in TZ as their hostility and jealous makes it tough business environment. Suluhu is better as she is a Zanzibari.We have to nail Ethiopia. Then we are done.

Yeah never met such number of ret@rds without any scruples.

Shma2023:
A normal waffa on a grand scheme of things is deranged. Hobbits take the crown_ The epitome of ret@rds.

Mental illness should be declared a national disaster in west africa.

ProblemChild1:
Mambila is bigger than what you see in that picture. Bigger than Kericho oo

You need to develop it beyond the 2,000 acres. This can rival Kericho in 100yrs.

ProblemChild1:
Mambila tea farm, Taraba state.

How can you sell tourism in a place that is insecure - where kidnapping is rampant?

Just40:
yeah.. it will be a good idea

Nope - if you slept on this grass for a few days every week - your mental health will improve. For now I dont know if it's drugs or stress or polluted air in Nigeria that make common sense so rare.

samorobo:
Stellenbosh no 1
The rest of Africa that looks like kericho forest no 2

Okay
1) Stellenboch no 1
2) Kericho no 2

samorobo:
Watch the video you idiot and fling that stupid kericho outta of the window.
Why will anyone in their right senses choose kericho over stellenbosh, are you mad,blind or both. Pls answer.

1) Kericho No 1
2) Stellenboch No 2.

samorobo:
Rvp pls don’t be stupid,take the log off your eyes this one time and gaze on the gorgeousness of stellenBosch. What is this beauty 🤯😍 I am blown completely away.. now see the infrastructure alongside this beautiful town,it’s a proper blend not that empty fallow forest you keep hyping that barely has so much as 0.5km of road network.

https://www.youtube.com/watch?v=And1PYhULps


https://www.youtube.com/watch?v=aryHyKuI2I0


https://www.youtube.com/watch?v=oBBgDznqlRA

I can literally smell your bitterness.

samorobo:
No one gives a fvck if Lipton is coming from that remote backwater you call a tea farm. It’s still a basic forest regardless. Stop hyping mediocrity just so you stand tall and top,look around stuff like that is literally everywhere in africa.

By now in 2023 - I am sure Safaricom has climbed up - and it just hit a jackpot in Ethiopia.

gallivant:
Maybe the hobbits can entertain your mediocrity.

https://pbs.twimg.com/media/DViWGWvWkAAqkTt.jpg

Really? The center of almost all the tea you drink outside China and India is now empty? The source of your Lipton tea.

samorobo:
Looks like a fallow land with a big compound in the middle of nowhere. Even the worst of africa will provide you 10 of this in a blink .

Pls say something else

I am going to give you one year to look for a place like this in whole of Nigeria

Here Chepkembe Kericho

samorobo:
When it’s comes to foresty you don’t have it better than any country in Africa. Don’t be stupid and stop hyping rubbish,forest is forest,go build infrastructure and stop hyping a backward village probably depending on NGO’s to feed its inhabitants.

Kericho is just the typical africa fallow land,nothing special

Kericho has everything - golf, tennis courts, private clubs, flower farms, name it - roads, factories, name

Again watch this slowly - when you codein clears. I can accept a challenge from Stellenboch...that is a fair challenge..but here at Swiss Alps.


https://www.youtube.com/watch?v=zQZcKeQmMCs&t=579s

samorobo:
Basically you are describing a deep forest without infrastructure.yes go living in the forest with wild animals,cause that what you are, an animal, but never you compare it with stellenBosch you senile old man.
Damn this nigg@ is so dimwited .

Now you're losing it.

samorobo:
Compare your kericho with Gembu Town in plateau state and see how badly you are failing


https://youtube.com/shorts/_yKdbHw79aw?feature=share

Oranges versus Apples
When it come to farm, ambience, climate, etc Kericho beat Stellenboch.

samorobo:
Watch this gorgeousness and stfu . I will chose this nonsense over any nonsense in kericho or in kenya



https://www.youtube.com/watch?v=xhhtBQ9ohaI

Tanzania you've really tried . Your protectionism policies have assisted you banks stay afloat. Though in next few years - i see you joining Uganda in number 15.

Same growth trajectory KCB - they've gone to DRC. Next market is Ethiopia. Once we get Ethiopia to be part of EAC - we are talking 500M market. That is huge.

We need to prioritize getting Ethiopia to join EAC and to open it's economy.

Saddamochieng00:
Equity bank 5 year's profit trend.

2017 - ksh16.5B
2018 - ksh19.8B
2019 - ksh22.6B
2020 - ksh20.1B
2021 - ksh40.1B
2022 - ksh46.1B

There's such a huge untapped market for our players in DRC and Ethiopia and there'll be plenty more success stories in the next decade with the opening up of these two economies.

Still a dream but if this federation comes into life we'll not only be a huge regional but global power.


https://www.youtube.com/watch?v=5_Exs8-v_hw

I am glad nobody listened to him. He is one of reason Ghana is bankrupt. His revolutionary idea was to borrow ministry of education budget - for 5yrs - and use it to build model schools. That kind of over-leveraging or over-borrowing - end results - BANKRUPTCY.

We dont do such nonsense. We listened to them as we are open minded. But sorry we have some of Africa best policy makers.

We have achieved 100% transition since 2018 - without double track nonsense.

We have almost free education from primary to secondary to university.

Now we are adding school feeding programs for primary kids.

vaxx:
can you shut up . This is just less than three years. Which year do you achieve 100 percent primary transaction rate . 2020 or year after . Your letter is not more than three years .

This is former deputy minster of education in Ghana lecturing your president on how Ghana is about to revolutionized her education system. Kenyatta was even at the seat . They were all schooled .


https://www.youtube.com/watch?v=juqLcqSFQzY

And the idea was found to be idiotic - only Ghana can send kids for six month at home - then bring others. Build schools.

There is no double track nonsense in Kenya.

Yet we have achieved 100% transition of primary kids to secondary - since 2018.

vaxx:
you are lame in thinking , this is what your govt personally pen down. ( Minister of education .


""I will appreciate if you can consider sending one or two officers to spend about 10 days in Kenya, preferably before end of March 2020, to help conceptualise and design the Double Track System," the statement said, adding that, " Kenya will meet travel, accommodation and any other related costs"" that is how hungry you were then before your election , assuming a new govt with kenyatta philosophy continue , the adoption will have been fully implemented. You don't copy or borrow idea that is of no useful, you borrowed idea that is superb than yours.


We have given you before we can still give you again.

In about 4 months I am going to semi-retire - at my 40 - having made enough money to last me a lifetime - in this africa most beautiful town.

No where in Africa comes as close - even those Stellenbosch ridges.

I will be doing fly fishing here once in a while

https://www.youtube.com/watch?v=0DxAvcMko5g


https://www.youtube.com/watch?v=mf1wTortCJU

Nairobi National Park now all green alone. West Africa Zoos will not get here soon

https://www.youtube.com/watch?v=wXlhjQ2Edco

KQ subsidiary like JamboJet fly to more destination to their national airline.
Let not talk about Flamingo in TZ

Air TZ need to compete with JamboJet

Jambojet flew over 1 million passengers in 2022, 37% more than 2021. The airline operates 8 routes from its primary hub in Nairobi to Mombasa, Kisumu, Malindi, Mombasa, Lamu, Eldoret, Diani, and Goma in DRC. They also operate direct flight to Kisumu, Eldoret and Lamu from their Mombasa secondary hub.

Versus Air Tanzania - did 1.2M passengers. Just 0.2m more than JamboJet

https://www.timesaerospace.aero/features/air-transport/air-tanzania-on-a-proper-footing

Try compete with JamboJet

https://www.youtube.com/watch?v=Y1vWmbcR28s

gallivant:
Do you actually believe 3 aircraft can service this?

https://images.airlineroutemaps.com/maps/Kenya_Airways.jpg

When will you stop embarrassing yourself?

https://images.airlineroutemaps.com/maps/Air_Tanzania.jpg

Court solve disputes brought to them. LGBT NGOS of course should be registered. So should UFOs or Atheist.

vaxx:
Your highest court is making it an issue .you idiot

Exactly.

gallivant:
Please speak only for Ghana and maybe Uganda. I think the rest of Africa has real issues to deal with and the LGBT issue isn't one of it. We don't want sideshows in our march towards development.

I didnt create this list.

ProblemChild1:
Oshe, ati global city with no traffic lights and side walk. Keep deceiving yourself