₦airaland Forum

rvp2018:
When you have a well-diversified economy - one or two sector can go down - without affecting the overall health of the economy. That is kenya for you. We can sometimes have tourist going down due to terrorism - or drought making our agricultural production reduce - but rest of the economy hold it up.

Now for you - Oil price come down 10 dollars - and you're gone straight to ICU.

You didn't reply me based on what I said....Answer my question..why do all those things have to happen when your economy is supposedly growing at 5.6%...Something is cooking somewhere.. ask kenyatta

mtisTheQubit:
How many naijas have jumped to extreme poverty since you started posting...

Distractions...I rebuke every spirit of distractions that will stop me from learning about Kenya.....

rvp2018:
Nigeria spend 70% of budget repaying debts. Typical country budget is 30% salary & pension; 20% recurrent expenditure: 20-30% to repay debt: and remainder 10-20% for development. Now if you already spend 70% to repay debt...what will you pay salaries or pension with?

Tanzania follows with 50%.

Kenya is at comfortable recommended 30%.

My dear you fool yourself alot...Who uses debt to pay debt btw

vaxx2:
At indepence, only few country can claim is richer than Ghana that was when gold value was very high and dollars hasn't become the major reserve currency. not even Nigeria was richer than Ghana. so where comes the historical untrust of the cedis. what causes dollarization is simply trade. Ghana do much more import per head than kenya and Tanzania in combine . you can imagine the pressure on dollar by buisness men...

Ghana import more of machines and cement product. that is hard currency ( Ghana so has a lot of cliniker which is yet to be tapped).most of what you Kenyans are largely importing are food . food is taking a larger chunk of your forex.

I just repeat TZ makes more money on export than you guys and this is largely blame on your overvalued currency.

And the astonishing part of your economy is the attitude of using debt to pay debt . what a mess of an economy? your country is using the money it has borrowed to repay another debt, no new wealth is been created, which is causing your credit rating to fall

This is the reasons investors are demanding a higher interest rate to compensate for their risk since they know they will lose their money.

Kenya dept is costlier to repay ...your economy is in the hands of bad management .

That right there is absolute foolishness...There is absolutely no sense in that.....I think what their govt need is common sense...

Just30:
You have not had a serious inflation problem because you have capped inflation and this is a reason why growth is stagnating.

yes Ghana went to IMF through an IMF programme to be able to resolve an investor confidence problem that resulted from our energy crisis.
This is what a transparent economy means and not because Ghana was even close to defaulting because we never came close to defaulting.

Credit agencies are busy giving the Ghana economy a positive outlook.


You are using once your revenue grows as if your revenue is going to grow anytime soon
your economy has not expanded in real terms and value.
This is why purchasing power is contracting and real estate is contracting.

do you want to wait till tourism starts contracting before you realise you have a major problem?
Currently, you have hit a threshold whereby you revenue cannot support debt repayment any longer.

so you are borrowing to pay old debts, in order to be able to do this
you have increased your debt threshold from 50% to 86% or 100%

meaning you are becoming another Greece

I wouldn't agree more they are they next Greece...O have told him so and he went mad at me...

Don't you think their GDP should be questioned, I mean who grows at 5.6% and experience a dwindling real estate sector, and massive Layoff workers in the formal sector...Did he forget to tell you companies are relocating away from the same country growing at nearly 6%..

vaxx2:
Dollarization in Ghana is historically related to trade and not goverment issues persay . Ghanaian buisness men loves the hard currency due to their import focus buisness. You don't buy goods with cedis , You buy with hard currency . Ghana of 30 million population importing goods worth over 13 billions dollars shows Ghana import than kenya per head. so the more Ghana import, the more the demand on dollars.......You don't talk about economy without checking on the constrain.

Quality is a subjective word , Every individual can claim it, the fact remain , TZ export more foods than you guys despite not having efficient harbour like that of mombasa which is regarded as the best port in east Africa....Uganda as well is not doing bad ....

Your goverment is only window dressing your currency , what you are doing is not much diffrence to what happens to Turkey currency. it is your debt stock that will suffer it and it will in the end back fire . social development goals will failed to materialized , when debt to GDP servicing ratio become very high , Your own economy will crumble for failing to grow above 6 percent which is considered as the moderate growth for developing countries.

A like for this...Very educative

Just30:
it doesnt work


at least Venezuela is there for everyone to learn from

And the funny thing is that the debt keeps growing while adding more to the previous one....

Rvp and you have the hits to say Nigeria borrow to pay salaries when you borrow to pay old debt...like this is super insane.

Just30:
You need to learn how central banks work to create money.

Every MOU they sign is a debt.

Word.

pacretus:
well I really don't comment on a flawed statistics, Nigerians I know ain't poor, of a country like Chad, Somalia Niger, Kenya, Mali, India can be excused from holding that position even with lower HDI don't you think something is wrong

Don't answer him too much..he is trying to distract you from join vaxx's discussion..They are too paranoid..

Let him show you both countries GDP per capita to know which is poorer

mtisTheQubit:
Really...the world would disagree with that...

The world will also tell you your GDP per capita is meager.. nothing near nigeria

rvp2018:
Historical because Cedis has bad history as far exchanging with dollar. So importers, foreign companies and even regular Ghanians do not trust it. Just admit.

You import more of what? In Kenya we import mostly machinery, oil, equipment, cars - not Chinese trinkets - because we manufacture a lot of stuff internally.

TZ and Uganda export very bad quality food - of very little value to us - most Kenyans long abandoned maize, beans, cassava - and such for highly yielding horticultural, fruits, nuts, and dairy.

None of what you're predicting has ever happened to kenya or is about to happen. Turkey was sunk by the US of A. Our debt servicing ratio has always hovered around 30%.

In short Kenya macro-economics have always been STRONG.

Stop decieving yourself...ayou are an import dependent nation with a secret valueless currency....just say the word Kenya is a zoo

Problemkid1:
They're ass lickersi Vaxx and just30 they're doing the good job by exposing them again while these little bombastic fools called GALLIPANT and shma are busy covering up by changing the topic foolish Kiberans

They want to distract you and I ....pls don't be fooled

mtisTheQubit:
Really.. sincerely i see nothing in the conversation.am not hating. we Kenyans we know what we have (proud of it) an Ghananians know what they have..i think they also proud of it...

You niggas cant even compare with Kenya with all that oil...what if we got oil an other stuff...few countries can compare with Kenya in Africa..that is a FACT....

This conversation is over...vaxx is waiting for me

Just30:
then they are one step away from zimbabwe

because debt substitution simply means your debt is not going down anytime soon

And whiles there is not much expansion going on in your economy,
growth slows down.

Honestly you are right...I give them five years max and will swim into the condition Zim is swimming out from....

Such valueless currency will render the country useless

mtisTheQubit:
our country is doing greate ...you dont need to be told...just look at nai bae an observe the progress...

Distractions again...start by asking yourself how many kilometres of tarred road those the zoo city have? And how many it gets anually..

Vaxxs discussion his eye opening....your secret opaque economy is becoming transparent for viewing

mtisTheQubit:
we want to see development photos from the zoo...too much yapping man...post the pictures already...

Lol go try this on problemkid...he had time for things like this...Me I am off to visit rvp

mtisTheQubit:
Asking a photo of so called development is a sin now?

It is a distraction at this moment..This moment is so crucial to the existence of this thread

mtisTheQubit:
so you think vaxx an rvp are hating each other...

No they are not...They are learning about eachother country and this kind of conversation reveals alot of secrecy in your economy which I am most interested in..As most of what they are saying I have implied oftentimes.

gallivant:
What are you talking about? The picture is not in Lagos, why would you say it is?

Lol this is not working...rvp is waiting for me

Just30:
if those fundamentals are so strong, why do you keep borrowing to support the pegged currency.


if your currency was freely floating,
a 15 billion import to 5 billion export will lead to massive depreciation and hyperinflation.

This is one of the reasons why no one wants to come to Kenya and open any serious business for production.

Good question

Just30:
by borrowing to support the currency
Caping inflation means that inflation cannot expose them until national revenue can no longer support debt repayment.

then they will turn to borrow new to pay old debts
Debt substitution program.

I remember I once talked about this.....That will happen soon

rvp2018:
I think you confused debt to GDP with servicing ratio ; hardly surprising considering you're functionally illiterate graduate of Nigeria dysfunctional education.

Fool it is not debt to GDP but you using up to 60% of your budget to service your debt..wonder no more why your roads are not up to to 6,000km...

mtisTheQubit:
Why cant you start a bant with Kazi...i'll love to see that happen

Because we are brothers, and we love eachother too much hate on ourselves.. Nobody loves kenya, hate is always projected to you guys... perhaps you should have used Swahili to tell rvp to stop while the convo was still young...now it has gone out of hand....

The next time I will be quoting you again , I must have quote rvp or vaxx

mtisTheQubit:
Where to..buy more cows..
ok away with the fvckings.. post the so called development we see..

Lol problemkid be wise...Don't fall for this stupid KIBERA trick...

A KIBERA can't possibly be smarter than you..

gallivant:
So the General doubted you and you went ahead and reposted the same pic again? Samson, where are your morals?

You guys should stop distractine..rvp ,just30 and vaxx they are all waiting for me......I mentioned the name then, go look for it..lazy boy

mtisTheQubit:
lets start ours....I think Buhari is using Biafra oil to develop North.....am waiting for your response

Lol you will wait and get tired...I have tons of messages to quote from rvp , just30 and of course vaxx..you should know by now that baby tricks doesn't work on me.....


Lol go distract your goat .

Problemkid1:
Buhari is not even in the country presently. He is busy planning how to make our economy stronger

Every fvcking where in Nigeria is fvcking developed. Unlike your poverty zoo country

You handle them while I go join in on the conversation to make them feel insecure..lol..

gallivant:
Which road in Lagos is it? Tell us without crying.

My dear this is a stupid question..I do recall I answer this during sufferNmiling doubting era....Let me not spoon feed you, go back and read on it..Then come back and tell me the road I mentioned....

Lazy boy

mtisTheQubit:
Ok if you say so....

Okay good...Now let me go join the conversation since we are done here

mtisTheQubit:
Ok but can you at least let the smarties finish their bant...for Pete's sake they not talking about the zoo..

The more you try to stop me from talking , the more I will keep butt in on their conversation...I enjoy it know that it makes you insecure and paranoid. ..

Advice me again and see what I will do

Shma:
Kenya hunger is brought by Natural calamity(drought) the Turkana people have now received rain after so long. Now show me any hunger related case in those region.

Turkana is not the only places that suffers than in the world..What then do you say about Egypt and most middle east countries.....Go harness modern technology to solve this...those countries don't have citizens starving like the turkanas despite having worst conditions

mtisTheQubit:
A Nigerian calling another country a Zoo..wonders..

Oh yes your country is a zoo...a banana republic to be precise