₦airaland Forum

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.....

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

Mcy56:
Prof, you know I don't even understand this parable.
What's happening in Fidson? Why don't you break it down for us, that's where OGG carry high marks in this forum.....
As for Peter, anyone that visits him is OYO, he too like money, he cant entertain visitor to his/her satisfaction.

Please what are UBA, Dangcem and MTN bids and offer?

Thanks

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

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.

Sholapey:
Thanks for this information, I will look elsewhere then.

This is just allegation. ......

No need run away like that

Sholapey:
Thank you sir, about to stock up Zenith, Mtnn and Gtb. I'm still assessing my pick for the US stocks on Chaka.

Nice one

Am eyeing MTN plc

Sholapey:
Thank you sir, information is the key, am still learning to diversify to US Stock market by God's grace we shall all break the back bones of poverty legitimately.

Your doing well Madam.

Hope you have Nigerian stocks too....good ones

Nnamz:
Make una dey use hard hand dey handle these tenants na. Do credit check on them. Get their work to sign papers that their job is permanent. Don't rent out to them if they do not have a 110% reliable job. Know how much they make. If possible, let their employer be their guarantor that they will never default on rent. DON'T JUST FILL UP YOUR HOUSE WITH JUST ANY TOM DICK HARRY FROM THE STREET. I think that's how I would play the game if I was renting out houses.

Sir, these contributions may not be easy in Nigeria

ahiboilandgas:
Over 600 bn naira chasing fixed income at 11.3 ......new secured investments windows need to spring up .....this not a good sign

Too much liquidity in the system

Oga Ahinbingas, secure a 5 billion cooperate bond for your company na.....like 10% 5 year corporate bond.

It will be oversubscribed too....just make sure you will pay the coupons and capital at maturity

Barrytone:
Wait for church to resume and tithing resurrected then your rent will come at ease.

Loooooool


I had a Tennant that said he will not pay his house rent until he get allowance from his office. ....that he has budgeted his normal monthly salary.

Just one move by my lawyer, he paid the rent the next month.

Some Tennants are very funny.

shogbenga:
I have a tenant that is owing 5 months rent right now. His rent was due end of January. It's stories every day. Very frustrating. He said he is a Pastor

Hahahahaha

Just bear with him a little please

ahiboilandgas:
after becoming commissioner and attorney General of Lagos...it easy ...send some lucrative jobs to your chambers,then wire same to some blue chip companies and life to enjoy the wealth.....imagine earning 5 percent legal fees for the 500 million dollar blue line metro projects ....then 10 bn dollars eko Atlantic projects......

Cool wealth

Many had the opportunity, but lavished the funds and went back to penury

emmanuelewumi:
Google Gbenga Oyebode, he is a commercial/corporate lawyer and also a billionaire in naira. He built his wealth by investing his money in the last 35 years. He render his professional service to corporations like Nestle, Custodian and Allied Insurance, Okomu Oil, Access Bank, Coscharis group, Oando just to mention a few.

He has 100 million shares of MTN earning dividends of over N700 million

Over 60 million shares of Access Bank earning dividends of over N22 million

Over 35 million shares of Okomu Oil and Rubber. Earning dividend of N140 million, N70 million was paid early this year another was few weeks ago.

Smart people will prefer to own 1% of successful businesses, rather than owning 100% of a struggling business.

He made over N140 million from Okomu, an Agricultural company. He doesn't have to reinvent the wheel by starting all over trying to own his own farm.


There are many successful professionals like doctors, Architects, Media professionals, Accountants, Corporate executives, Engineers, Estate surveyors etc who are more comfortable consistently investing their money rather than starting a business.

Mmmmmm

Am learning very fast

Thank you Sir.

Leezah:
why you rejecting tenants.

Because of their troubles

emmanuelewumi:
We have quite a number of highly successful billionaire corporate and commercial lawyer.

Afe Babalola
Ajayi Olaniwun and co
Aluko Oyebode and co
Banwo and Ighodalo and co
Just to mention a few.

The VP is also a corporate/commercial lawyer.

These group of lawyers are versed in business and how the corporate world operates, so they have the necessary information and knowledge needed to make sound investment decisions

I noticed that VP is a very sound Investor.

Ahhhhhh

No 7-10 pages to read today.


Wetin happened?

RabbiDoracle:
Those who entered this week will witness their first loss.

They will know what it means to lose money.

Loooooool

Torn Shirts

unite4real:
after 24 hours you come back and see like 6 pages of arguments and none of the posts relates to the topic. the strategy to adopt is when you see those names, jump and pass else, you go read taya. I was able to go through 3 pages in 60 seconds

Exactly what I just finished doing.

Jejebabaa:
Wow, this kind of return is massive. Thumbs up to Zenith and GTB in the banking sector. The annual dividends I now get from them is almost the same with the capital invested in 2004.

You can now retired Sir

seyisanya:
Hahaha, I missed DAL but I dey gidi gba inside AAL and JBLU all from their bottom prices. I will have to exit a certain percentage of my AAL tomorrow. More than 40% in just a day! O'boy. I need to repatriate some of AAL funds straight to NSE

Am still inside oo

debeey87:
Oga where you see the N1 dividend

Na for dream land...

Hope you will buy when they declare it na...

Enyinne:
pls do u know about Dangote Cement payment date

16th June.

Are you with us in the bus?

abuhusna1:
Maybe i will liquidate my Julius berger tomorrow and divert it to uacn. He don kuku serve its purpose of bonus and dividends

Loooooool

Am not in the UACN bus ooo

I sold long time ago.

I will buy back UACN when I see the evidence , not hope

abuhusna1:
Maybe i will liquidate my Julius berger tomorrow and divert it to uacn. He don kuku serve its purpose of bonus and dividends

Loooooool

Mcy56:
Oga where did you see dividend?
Or, are you being sarcastic?

Loooooool

Will u not buy if you see the dividend?

abuhusna1:
The message just needs to be passed and move on who go hear go hear. If Noah people can reject his message then investors can ignore a call to profitable investment. As for me I don enter UACN arc sitting on 300k units and 200k units more to go to meet my set target.

Target 1 million units ......that is the real deal.

Ask Prof and Peterichy

sellydion:
Congrat ride on to mountain eldorado!

When the door/ gate is locked nobody should complain.

Enjoy the pleasure

How will the door be locked when you have N1 dividend to collect for 20kobo stock. .....dividend yield of 500%

My fear is that hope they won't cancel the dividend or reduce it to 0.01k, that it was a mistake

Hahahahaha

Mcy56:
Who told you I have or is interested in dangsugar?
It's just to calm the newbies and advice them not to act in haste on some of these stocks that are delivering.

Never sold my Dang sugar I bought at N5 & N6 naira 6 years ago....

Dividends have been ok for me....

RabbiDoracle:
It is not betting neither is it chest-beating.

It is just a shorting scenario to demonstrate his VAP. I don't know if they allow shorting on NSE. All one would have just done was to take Meshpips to your broker and he will borrow as many units he wants and sell, let's see if it is 50K he will give broker as deposit for his shorts.

When Jonas Edward Salk developed the polio vaccine, he called healthy individuals to have the first human trial. All of them rejected. Because there was no volunteer for his experimental vaccine, he injected himself. He injected his family members and tested the vaccines on them. The vaccine became a success.

Meshpips said he created a model that he claims works well on stocks and currency alike. Oya be a Salk of NSEMPA and do a test of your great VAP.

N1M na small money but e no gree.

Now I got you and his now gentle.

Thank you Sir and weldone.

Mcy56:
Chai!!
Prof, see the calibre of people Mcy is posting daily updates for in this forum! Some talking in millions self.

Lancee, I quit daily update position.
Come and take over cos you're deep pocket as well.

Loooooool Madam

What of those with 100million zenith stocks?

Men de hear oo