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Nigerians Have Zero Clue What Is Happening In This Country by bennyxt: 11:49pm On Apr 26, 2020 |
Nigerians Have Zero Clue What Is Happening In This Country. There is no money to allocate to states in May due to lack of oil sale. The federal government is only giving all states all of the $143 million balance from special federal funds. Meaning, where will states get the remaining balance from? Nigerians don't know what is about to hit them. 5 Likes 1 Share
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Re: Nigerians Have Zero Clue What Is Happening In This Country by xcabczyxabczzzz: 11:50pm On Apr 26, 2020 |
What is about to hit Nigerians? 2 Likes |
Re: Nigerians Have Zero Clue What Is Happening In This Country by xcabczyxabczzzz: 11:56pm On Apr 26, 2020 |
bennyxt:Okay bro I took your advice and read your post again. But all I saw was speculation, can you kindly point out what is about to hit Nigerians. Thanks. 14 Likes |
Re: Nigerians Have Zero Clue What Is Happening In This Country by ChimaAdeoye: 12:04am On Apr 27, 2020 |
[s] bennyxt:[/s] The reason why the country has external reserve is because we already know that price of oil WILL fluctuate and therefore we can draw from our reserves in the rainy days. You goons are testing the waters to see if Nigerians will tolerate not being paid their salaries, while our political office holder who are among the highest paid public officers in the world are paid from the "no money" federation account. 6 Likes 1 Share |
Re: Nigerians Have Zero Clue What Is Happening In This Country by ChimaAdeoye: 12:27am On Apr 27, 2020 |
[s] bennyxt:[/s] You are the one that does not know how foreign reserve works. Of course even the CBN has been drawing from the external reserve and Buhari has also borrowed from the foreign reserve to fund all sorts of special projects. But when it comes to borrowing from our foreign reserve to save the country from collapsing and pay our armed forces, it will become a long process with fees? You guys are pathetic! 3 Likes |
Re: Nigerians Have Zero Clue What Is Happening In This Country by TheGreatIYANU: 12:57am On Apr 27, 2020 |
bennyxt: Man I have been deep in thought for days now. The unfortunate thing is, this whole episode is happening in the midst of a Pandemic. Basically, we are facing the devil and the deep blue sea at the same time. If it was just oil price slump, we can 'quickly' boost activities in 2/3 other sectors then ramp up exportation. Now, we are facing oil price slump with lock down. Unfortunately dear op, the people we have at the helm are not exactly fit to steer in clear waters, talkless, these tempestuous times we find ourselves. My advice to Buhari is to open the economy. Let's face the virus head-on. Enact directives to enforce adequate safety adherence in all quarters. Increase testing in all LGAs. Increase awareness. ENFORCE, ENFORCE, ENFORCE. This way, Nigerians have a better chance of weathering the economic storm that's coming. 3 Likes |
Re: Nigerians Have Zero Clue What Is Happening In This Country by boookworm: 1:33am On Apr 27, 2020 |
xcabczyxabczzzz: Your moniker Noob saibot brutality |
Re: Nigerians Have Zero Clue What Is Happening In This Country by boookworm: 1:36am On Apr 27, 2020 |
xcabczyxabczzzz: Your moniker is Noob saibot's brutality |
Re: Nigerians Have Zero Clue What Is Happening In This Country by PlayerMeji: 5:04am On Apr 27, 2020 |
Re: Nigerians Have Zero Clue What Is Happening In This Country by Nobody: 5:51am On Apr 27, 2020 |
bennyxt:Try to be a responsible person, why afonja? 1 Like |
Re: Nigerians Have Zero Clue What Is Happening In This Country by helinues: 5:53am On Apr 27, 2020 |
Meaning, where will states get the remaining balance from? They should go and get it from same place they are getting election campaign money from. Hian! 4 Likes |
Re: Nigerians Have Zero Clue What Is Happening In This Country by dyfaze: 6:19am On Apr 27, 2020 |
bennyxt: Wait ooo, How does this involve Afonja? All these Flatinnos self.. |
Re: Nigerians Have Zero Clue What Is Happening In This Country by dederocs(m): 7:15am On Apr 27, 2020 |
bennyxt:If we can withdraw so easily from foreign reserves, why will government be begging china for loans, with hard requirements and conditions...nice post. 2 Likes |
Re: Nigerians Have Zero Clue What Is Happening In This Country by Xsem(m): 8:01am On Apr 27, 2020 |
TheGreatIYANU: You think it's by typing English. |
Re: Nigerians Have Zero Clue What Is Happening In This Country by CAPSLOCKED: 8:10am On Apr 27, 2020 |
Re: Nigerians Have Zero Clue What Is Happening In This Country by TheGreatIYANU: 8:49am On Apr 27, 2020 |
Xsem: I would never have dignified you with a reply, and after this there'll be no more, BUT... Went through your profile, you're still hustling. Various forms of businesses, various ads, various opportunities from Oil to WhatsApp groups. While this is no crime, in fact, highly commendable, it portrays one who is in position to receive all the help/assistance he can get. If you're in such position, it is understandable that you feel 'oppressed' at the slightest whiff of superiority. If a person is standing near his 2020 Mercedes-Benz GLE, you feel oppressed. If a person announces his promotion at work, you feel oppressed. If a former classmate shows off his beautiful wife with 3 equally beautiful kids, you feel oppressed. If a person speaks English with higher grammar level, well, same feeling.. I would have you know for free, that based on the Laws of Nature, Attraction and God Himself, you can never have what you resent. You see that demeaning feeling you have when you see these things, crush it and turn it to one of desire. If you see something you like, rather than castigate, DESIRE it, then INQUIRE, 'HOW' you can get it. That's how you grow sir. This is not particular to you though... I dare say 98 of Nigerian youths have this 'Inferiority Complex' and that's why a majority of them are not getting anywhere in their lives. WHY? They put down the person they were supposed to ask for HELP. 3 Likes |
Re: Nigerians Have Zero Clue What Is Happening In This Country by Xsem(m): 9:01am On Apr 27, 2020 |
TheGreatIYANU: You ended up saying absolutely nothing. To go through a profile doesn't even mean anything, because a lot of things happen online. So in the end you ended up talking trash. Anything i do with my account online doesn't in anyway represent my personality offline and this goes to show the paucity of mentality embedded in you. You type without reasonable submission. After everything you elicited from the profile you visited of what apposite effect does it have in your existence. You are really immature though an adult. I tag your type an overblown baby elephant. You are vile and hungry to deluge whoever that attacks your low budget submission with unreasonable banters.Go and work on your depressed mindset before trying to impose your complex on me. Imagine the kind of tomfoolery you are exhibiting online, going through profiles to ascertain whether to bash or remain in your inferior enclave. It's sickening that you reason that way. It shows you have a very big psychological issue. Try working on your mindset, it's in profound ruins In your mind laced with abject penury, you think you're the only being who has the power to dish out grandiloquence. I will advise you to stop being a showoff, it will help your existence and growth in life. YOU ARE IMMATURE!! Like i quoted before, you are just speaking English. |
Re: Nigerians Have Zero Clue What Is Happening In This Country by boookworm: 9:25am On Apr 27, 2020 |
PlayerMeji: Yes o. Lol |
Re: Nigerians Have Zero Clue What Is Happening In This Country by Nobody: 10:05am On Apr 27, 2020 |
According to RMAFC, Nigeria shares money from oil sold 3 months ahead of time. The money they just shared in April FAAC, was from the sale of oil in February. The money that would be shared in May FAAC, will be proceeds from March oil sales. There is money for month of May. When Economy will wear Gele is in the month of June. Because everyone is idle in April right now and oil is below $20 per barrel and there is scarcity of buyers in addition to the low price. 3 Likes |
Re: Nigerians Have Zero Clue What Is Happening In This Country by Ikjosh04: 11:45am On Apr 27, 2020 |
Seconded Xsem: |
Re: Nigerians Have Zero Clue What Is Happening In This Country by sapientia(m): 12:12pm On Apr 27, 2020 |
We don't know But i guarantee this We will know when it hits 1 Like |
Re: Nigerians Have Zero Clue What Is Happening In This Country by Bevista: 12:55pm On Apr 27, 2020 |
ChimaAdeoye:Unfortunately, that's not exactly how the Foreign Reserve account works. It's not an account for the FG to draw from. You see, when the FG sells oil in USD, the CBN receives the payment on behalf of the Federation. The CBN then gives the government Naira equivalent of the funds and then holds the USD in the Foreign Reserve account. This FR account is used by the CBN for balance of payments for all international transactions. If the government or anybody needs USD from the FR account, they would have to bring the Naira equivalent. The only account the government can draw from in time of need is their savings account, that is if they had the responsibility to save. Example of such accounts include Excess Crude Account, Sovereign Wealth Fund, etc. --- And btw, contrary to what most people may believe or think, the Central Bank of any country is not owned by the governments of those countries. These Central Banks are privately owned institutions controlled by a small group of international mafia organizations. The Rothschild family is the most popularly known member of this cabal. Currently, only 3 countries are not under the control of these cabal (North Korea, Iran & Cuba). Is it a surprise why there's always media campaign against them and trying to use wars to bring them under control? Back in the early 2000s, that number was 8 (including Libya, Afghanistan, Iraq, Syria, Sudan) but these 5 have all fallen to the Cabal, thanks to some deviously engineered wars. In each of those countries, the US was used by the cabal to raise a false flag to justify invasion. 2 Likes 1 Share |
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