₦airaland Forum

Positiveminds:
Let me explain this in simple terms. Amassing Foreign Reserve in a time of hyper inflation is bad economics. People will continue to suffer because they country isn't producing anything.

Good financial management is to invest capital projects to produce more. That will arrest the problem of inflation as the Nigeria begins to stabilize against other currencies. With the present state of the economy, the naira will remain worthless, relative to other currencies. Soon,a loaf of bread would sell for N500.00, if they don't invest in infrastructure, boost production , heaping up foreign reserves will remain bad decision.

You are a cretinous fuuktard!

What hyper-inflation is taking place in Nigeria, cretin?

Mypeople2:
Well that is nice.It is like having N10,000 in your account yet you are sick,hunger,homeless, untidy,begging people for N100 and even borrowing N50 everyday from people,still you don't want to touch that 10k.In fact,you are adding the little ones they give to you to the 10k.Nigeria,I hail thee!

Holder of PhD in Ekonomeeks from Jagbajantis University.

guterMann:
Another cheap propaganda from APC.

External reserve does not mean anything.

(1) The monies in the foreign reserve include the ones from depts(BONDS AND TREASURY BILLS) that are foreign currency denominated.

(2) The foreign currency remittances from Nigerians abroad.

(3)The difference between the oil benchmark and the oil price.

If the country is that 'rich' why not fund the budget from the Foreign Reserve?

Foreign reserve means nothing,A BETTER INDICATOR IS THE DEPT TO INCOME RATIO,I DARE APC TO RELEASE THE DEPT TO INCOME RATIO OF NIGERIA.

THE LAND OF THE RISING SUN MUST SET FORTH AT DAWN

You are a cretinous fuuktard!

Which country funds its national budget from its foreign reserve?

CodeTemplar:
Can you compare Agric Ministry under Adesina to what it is under Ogbeh today. If we break this admin down ministry by ministry and compare to 4 - 5 years ago, it becomes easier to see the faults of the current admin.
Ask yourself what our Agric output would have looked like if the Buhari govt didn't default on fertilizer payment and doubled investment on other aspects of agric?
The APC knew what the system was like before their campaign. We can't use handover conditions to justify a 3 years of weak growth.

Start giving us starts to back up your argument.

Oya.

Esseite:
Dont be deceived...

What do we then do with the N20tr debt profile in same 30months?

Fools paradise....

And so what if we have debt?

vivaciousvivi:
"Man"........disgruntled child and perennial whinner !

"Lady" Ho!!!

Lady of the hood.


https://www.youtube.com/watch?v=H18tlaXKAe8&t=0s

AZeD1:
Stop misinforming people.
Foreign reserves is basically the money government has to pay for imports(liabilities). Has nothing to do with stability of a currency.

Huh?

Mo gbe, to ri Olorun! (God help me!)

Motherfucker, where did you do this your groundbreaking economics?

NairaMaster1:
N1 = $361

So, in your mind you're like USA?

Keep on dreaming.

You mean you are comparing Nigeria to USA?

Debt kills. Try it on yourself.

Finally, wise men don't abuse.
Try to be civilised and modest in your argument. You're not my enemy, just that sentiment has beclouded your judgement.

Power doesn't last forever. I pray you remain an advocate for debt even when another person comes to power.

Remain blessed.

You are a cretinous fuuktard!

Answer the question.

Why has debt not killed USA.

Your dumb arse said "Nothing kills a nation like debt".

I want to know the economics you learnt.

Alejob:
I can easily live my dreams with naira in my pocket and not suffer loss to economic jargon.... My man hour in Nigeria will be equal to that of the American and brain drain will be limited and almost none existent

So you mean those in Japan are living a worse dream than those in South Africa?

lastempero:
Mumu so u cant make ur point without barking like a mad dog,carry ur frustration go meet ur frustrated father that brought u to this world.

You are a cretinous fuuktard!

The internet is there for you. What does your dumb, black, monkey arse use it for? To find out what happened on BBN, monkey?

Black fooooools!

progress69:
Do.u know most of the advance countries actually live on credit? Do you know the united states of America is one of the biggest debtors in the world even as it is one of the largest economy in the world?

No oooo!

He is an economist.

I want him to tish us what he learnt in his PhD in Ekonomeeks from Jagbajantis International University.

NgwaManNaija4LF:
Yaba left.

You are a cretinous fuuktard.

Mama Piss is your Jesus Christ on Earth abi?

NairaMaster1:
So Nigeria is now like USA?

What an economist

What you dumbly said was that "Nothing kills a nation like debt".

So you are the economist!

Now answer my damn questions:

Has debt killed USA?

What do you understand by debt?

Why can't one have rising foreign reserve and rising debt?

I want to learn the economics you learnt. Helep mi! I dey beg.

Teespice:
look who we have here.

See you?

I should be saying that to you.

NgwaManNaija4LF:
No they are not, give me the name of your father let me check if he is more important and popular than them. Ewu Asaba.

You are a cretinous fuuktard!

Moronic product of a failed education system.

Being popular and important is the definition of excel in your reetarded world?

Black monkeys! Dumb as fck!

Moronic fuuktard, go and watch your "excelling people" on BBN!

ZarahBuhari:
Like your parents

Your entire lineage are cretinous fuuktards.

truthstands12:
Can we know how much they have borrowed within their 3years in power? And can they publish what they did with the huge amounts? That will balance this report. Don't only tell us how much in the reserve, also tell us how much you people have borrowed.

Very good point and good demand.

lastempero:
I thought a high foreign reserve will make the naira stronger n appreciate more but its been stagnant despite the rise,Is there any other thing they are hiding from us.

Don't think, go and learn.

Modarun:
I trust the largely ignorant Hailers to make alot of noise about nothing. You guys are just so gullible and naive. Your foriegn reserve is increasing so also you have a record never been attained debt profile. Whats there to be jubilant about? that we are plunged into more poverty or debt? whats the use of having a Father with millions in his account yet all your children are starving, either way we are at a stand still. Yes every country have to borrow, whats important is where you spend.m the money? where is Buhari did Buhari spend 11trillion he has so far borrowed? You are blaming PDP but fact is the PDP only borrowed in total 6trillion, this demonic poverty creating APC have so far borrowed close to 12trillion. Question is where exactly can yhey say they have spent that money on?

You are a cretinous fuuktard.

What record has never been attained in Nigerian debt?

Quincykay:
I hope people realize that this is how to grow a country and enrich its people. By making the economy strong. Not by sharing money during elections. But I'm sure some will disagree.

Well said!

MrBrownJay1:
@Sagamite
it was a pleasure discussing with you.... look forward to another debate with you in the future (hopefully by then you will bring your A game)

You are going to leave with me thinking maybe you are trans?

NgwaManNaija4LF:
The people you mentioned are greater than your entire tribe and their supporters combined, nut head why can't you excel like them. Mumu boy with an iliterate president.

You are a cretinous fuuktard if you think majority of those listed there "excelled".

Ikwokrikwo:
Debt is growing at more than double the rate of the reserves.

So typical of this deceptive government.

And so?

ZarahBuhari:
An imaginery foreign reserve figures when Buhari & his 40 gang thieves have run this country into debts.

Tell me another story.

This thread is for block headed zombies

You are a cretinous fuuktard!

NairaMaster1:
What of the debt profile? Please let's face reality than sentiment.

Nothing kills a nation like debt.

Growing debt and FR simultaneously amidst hardship?

What a fuuktard statement.

Has debt killed USA?

What do you understand by debt?

Why can't one have rising foreign reserve and rising debt?

Alejob:
Not stable enough.....




Bring it to parity so I can finally be a vibrant economic citizen of the world...... Used to be as poor as the Japanese Yen... But our naira is the reference point now

Why would you want the Naira to be in parity with the dollar and how would that make you a vibrant economic citizen?

Leboska:
This is the most clueless government I've ever seen, in just three years our debt profile tripled, with nothing to show for it & one sycophant just sit down to type rubbish on nairaland.

What do you mean by with nothing to show for it?

MrBrownJay1:
brotha Saga, you have changed, and are a shadow of your former glorious self. look at you writing utter RUBBISH to try to make a very childish point (especially when i have been telling you from the onset that both party enter an unfair agreement/contract).

there is NO point continuing this discussion as you are clearly out of valid point to bring forward. but hey, let us all remember that i am well versed in the English language, and i am amazed at how you can come to the conclusion that "only one" person signs a contract, instead of NONE, from the below quote..... (and you have the audacity to call yourself intelligent?!?!)



how can you even remotely suggest that the above bolded statement means that the "other" is signed by only one person (or is signed by anyone for that matter)?!?!?!?!?!?!?!?!?!?!

My friend, I just want you to pull more nonsense out of your arse.

I asked you to tell me why courts would treat contracts differently, you tried to come with your lame logic that one is signed by 2 people, while the other is signed by one.

What nonsense!

Arguing with you is like arguing with a woman. You see no need to make sense, no need for logic, just say what the fck you like and stick to it.

Again, the questions:

Do you give such "gift" to your neighbour, mother, brother, sister, cousin or visitor?

Then back it up by telling us:

1) What other "gift" you can give one of those listed but which you cannot give any other type of person in that list.

2) What other "gift" you can give one of those listed that is "contractual".

3) What other "gift" you can give for ONE singular event.

4) Would your arse also say when a woman goes to court because she faced domestic violence in her marriage that the judge is entitled to say "Well, since she knew the man was an abuser before marriage and still married him then she deserves what she is getting. If she does not want to get beaten, she should not have married a domestic abuser"?

5) Are there contracts signed by only one person, Mr "Contractual Gift"?

vivaciousvivi:
Awww... that's all you got
Destiny and life and shit? Lol
Why should I want to change a good thing? Dude, I am not the grown as.s "man" replying a woman like a tomato seller on crack for the past 2 weeks!
Hehehehehehehe
Go take time off and bring on something harder fool!
Your yabs are wack just like u.
Regards to ur flossie that dumped your dumb as.s dog!
Have a great week ahead!

"Lady" Ho............


https://www.youtube.com/watch?v=FoAAXT3NUWc

MrBrownJay1:
look at you hanging onto straws, pathetic bro! you bloody well know what i meant, so i wont even dwell on that....its obvious i was talking of the contract and not who signs it, as there is certainly NO agreement/contract in this world that are signed/agreed by only one person. make some damn sense bro!!!!!

although the engagement ring nonsense is an unfair agreement/contract/token (or whatever you wanna call it), both party abide by it!

Of course I know what you fcking met. You wer fcking confused in your desparation to explain why law is different for marriage and none marriage.

In your confused state, you brought another nonsense from your arse by trying to argue that the difference is that one has both signing, while the other is signed by one person.

You really need to edjucate me on how the law treats "contracts" sign by 2 people differently from one signed by only "one person", Prof.

Please go ahead and explain how and why the law treats such differently.

Mr it is a contract!

MrBrownJay1:
bwaaaaaah! abi you dont understand English any longer?!
A) one comes with a signed contract (by both parties) while the other doesnt COME WITH A SIGNED CONTRACT.

Nigga, what do you mean by "both parties"?

In your MrBrownJay1 School of International Law, are there "contracts" only one person signs?

Did you not say an engagement is a contract?