Shawarmagirl:


Why are you wasting energy to educate those illiterate? Do something else with your time.

No. I won't. I know 98% of youths would absorb the lie and we bear 100% of the consequences of the decision reached so I choose not to be silent as a result

ActiveFarms:



No. It is the duty of your nation when it releases financial reports to provide financial statistics. Don't push your ignorance or your nations lack of how to run a nation on me. Bigots. You worship the idea of your kinfolk as president at the expense of destroying the future of your kids. Omoluabi oshi

The CBN releases periodic results on the financial position of the economy so does the NBS and other relevant govt agencies.

The ways and means figures are known,the debt to GDP ratios are known and can easily be compared quarterly,it's only lazy whelps like yourself who comes out to make assertions without facts when all the information are easily available.

If this is true, what a good development!

You have been increasing Nigeria's death.
Continue with fooling your zombies; some of whom are dying of starvation while you claim replying Nigeria's death.

Tinubu! Stop all these lies. An hungry man is an angry man.

You can't be saving money meant to feed people now.
How will they enjoy the future if they die now?

You think this is a joke ?

ActiveFarms:



When would Nigerians youths develop strong thinking ethics. When ? You mean to say once government releases any info, you take it hook, line and sinker without any critical evaluation just because of your ethnocentrism and bigotry. Smh. Shame on your education, a cocoa farm would have yielded better rewards . How can you read financial news without financial stats and proofs and you absorb it hook, line and sinker. Does Nigeria in any way have the means to generate extra One trillion Naira to the national budget let alone 37 Trillion Naira? Use your sense man. You can't keep delegating your education to us


Now to educate you, Ways and Means was converted to bonds, transferring the debt burden to Nigerian youths to bear the burden yet again for so many years in addition to existing loans by converting them to bonds doesn't mean it was repaid


Where and how does Nigeria have the means to repay 37 Trillion Naira overnight. Do you people hate yourselves so badly all because of bigotry. Tueh



Now if the Ways and Means where cleared the first thing to have done was not to take loans but to bring back rationalized subsidy. Meaning subsidize like a quota per day now that we have approximate measurement of the fuel we consume. Subscidize fuel for two years. Use that two years to build twenty modular refineries. Grant small scale refineries setups and have fifty refineries in two years. Then peg the dollar to Naira to 1,000 Naira exchange rate over the two years period using Ways and Means to peg against the exchange rate.


This would instantly drop the prices of things by at least 100%. When we ask you people to support we mentally sound people to places we will make better decisions for you guys, you would refuse. Nigeria only needs sound intellectual management which your leaders lack and followers like you too

You haven't said anything. I hope you know.

Lithiumite:


The CBN releases periodic results on the financial position of the economy so does the NBS and other relevant govt agencies.

The ways and means figures are known,the debt to GDP ratios are known and can easily be compared quarterly,it's only lazy whelps like yourself who comes out to make assertions without facts when all the information are easily available.

Stop disgracing yourself. This kind of financial report must be backed by financial statistics

Softmirror:


You haven't said anything. I hope you know.

I'm not responsible for your poor thinking capacity. Return to JAMB

ActiveFarms:



I'm not responsible for your poor thinking capacity. Return to JAMB

Narrow it down to the monies being looted alone. Nigeria has a lot of means if well managed. ActiveFarms I am sure you are one of those who questioned the mega sum of money being remitted to the government when a better manager Oloyede took over JAMB.

CyrusVI:


Kalu, You mean, I should believe you over the President?

No stats, no figures, no proofs, just the usual empty negative comments

Nitwit. Once you assign every negative to the Igbo, you are done.
Only a Nitwit struggles to share one country with people he holds on low esteem and despises.
You struggle tooth and nail to share one country with the Igbos.

On which budget?

Where did you get the money to clear the way and means debt?

Did we really clear the debt, or we wrote it off?

There is need for monetary policy reforms as the status quo is stifling free market enterprise. There seems to be a major challenge between CBN cash management policy and the inflation management strategy.

The present inflation is not caused by excess liquidity, therefore mandating deposit money banks to limit flow of liquidity to the economy will lead to banking system collapse and encourage money laundering. I do not see how any business will keep its operations afloat without laundering cash at this point. I do not see wisdom in trusting liquidity to a system that locks down cash and make it difficult to access, yet the economy tanks. You can not build a society without lending and subsidy on manufacturing and infrastructure.

Unless there are square pegs in square holes at the helms of affairs viz-a-viz CBN and Finance Ministry, we are heading towards a disconnect between the real sector and the informal sector of the economy. This is not a free market economy, this is a quack experiment without clear policy direction. A crisis response system instead of planned proactive system with clear goal.

Reforms are good, but when the policy reforms between the Political Executives are ill-advised by a CBN governor that was not trained to manage crisis economy, then there is bound to be a challenge. Why do we do this all the time? Why are Politicians head of ministries instead of technocrats?

Why do we go to school for one thing and then get elected into office for jobs we were not trained for as compensation for helping us become President?

Why are we this stupid?

Any policy that accelerate poverty, hunger, starvation, suffering, pains, anguish; cannot be term achievement
I don't think APC has anything good to offer Nigerians.
It has been from frying pan to fire progressing to hell on earth.

A liar

CyrusVI:


That was a whole lot

Economic reforms made it possible to generate enough to pay this

Now that that one is gone, it will be easy to roll out bigger initiatives that can help to relief the pains from last year

Not even Marcus Aurelius would have done any better

The irony is that APC mocked OBJ for clearing foreign debts when infrastructure was in decay

Today, APC is bragging of clearing internal debt when Nigerians' living standards has decayed beyond abysmal

Your APC is a lying, devilish party who lied their way to power and are still lying to cover their incompetence with enemies of Nigerians like you in active connivance!

TheBillyonaire:
Did we really clear the debt, or we wrote it off?

There is need for monetary policy reforms as the status quo is stifling free market enterprise. There seems to be a major challenge between CBN cash management policy and the inflation management strategy.

The present inflation is not caused by excess liquidity, therefore mandating deposit money banks to limit flow of liquidity to the economy will lead to banking system collapse and encourage money laundering. I do not see how any business will keep its operations afloat without laundering cash at this point. I do not see wisdom in trusting liquidity to a system that locks down cash and make it difficult to access, yet the economy tanks. You can not build a society without lending and subsidy on manufacturing and infrastructure.

Unless there are square pegs in square holes at the helms of affairs viz-a-viz CBN and Finance Ministry, we are heading towards a disconnect between the real sector and the informal sector of the economy. This is not a free market economy, this is a quack experiment without clear policy direction. A crisis response system instead of planned proactive system with clear goal.

Reforms are good, but when the policy reforms between the Political Executives are ill-advised by a CBN governor that was not trained to manage crisis economy, then there is bound to be a challenge. Why do we do this all the time? Why are Politicians head of ministries instead of technocrats?

Why do we go to school for one thing and then get elected into office for jobs we were not trained for as compensation for helping us become President?

Why are we this stupid?

It is seriously an issue. We wonder how come we won't be in this position since CBN and Ministry of finance never ever advertise openings so can't get the best brains and minds.


Unless we have a clear cut out strategy etched on fine blueprints under a combined management of the ministry of finance, CBN, ministry for strategic research we are going no where. I have said it many times, Nigeria, Nigerian companies are always reach when it comes to paper and stock exchange informatics which is just a plot to attract gullible investment funds. There is need to break the dichotomy between the digitized Nigerian wealth and the realistic economy. Like you said, the nation has zero cash management policy and the inflation management strategy.

wildernessVoice:
Any policy that accelerate poverty, hunger, starvation, suffering, pains, anguish; cannot be term achievement
I don't think APC has anything good to offer Nigerians.
It has been from frying pan to fire progressing to hell on earth.

They do not even know the mess they are creating. They have no idea at all. The President is not aware of the direction of the policies and he has no clever person that knows enough to advise him since was not trained to manage crisis economy. Most of them think they know, but they were not trained to manage a crisis economy.

I do not see Nigeria coming out of this without going into Regional Governing Structure. It is the only way out because the country has fallen into the hands of very dangerous but ignorant people who think they are fighting the President. The Economy has been hijacked.

This man and lies...

CyrusVI:


Kalu, You mean, I should believe you over the President?

No stats, no figures, no proofs, just the usual empty negative comments

This is what he meant when he declared during his campaign saying "NA STATISTICS WE GO CHOP?"

At that time the Ole made it a point that he will never rely on or provide any fact for any dealings. We have to enjoy the ride with the drugged Agbero on the steering.

professorPABX:


You may not benefit from the prosperity of NIGERIA. Those who wish Jerusalem well benefit from the prosperity of Jerusalem according to the scripture.

China was a developing nation few decades ago and not too long. Malaysia and Singapore were also not strong nations economically few decades ago. China passed through Fire before it becomes a great nation. Religion and Social information regulations and censorship which violation carried death sentence . In China during that period, there were so much censorship and regulations . We were never allowed to know what happened. We only saw the results but not the sacrifice.

In the WILDERNESS, while the Red Sea was at the front and Pharaoh Chariots were at the back, the Israelites in the middle cried to Moses asking him is it because there are no graves in Egypt that he brought them to die in the Wilderness? They said they preferred Slavery in Egypt to the imaginary freedom.

Those who complained never entered the promised land.

Tinubu is a man of Courage. With a budget of 96% committed to servicing debt on assumption of power, it takes ingenuity and Grace of God to get to where we are today. Once Nigerians accept total deregulation of the petroleum sector as our fate, things will start to happen.

7 billion dollars forex backlog cleared, 30 trillion naira ways and means debt cleared less than 15 months , no government in Africa can do that.

Lol Dey deceive yourself. Dem Dey tell you fact for ground say baba dey yarn dust, you Dey here dey play emotional blackmail. Shebi na the same emotional blackmail you go play 3 years time when they keep reeling out propaganda of growing the economy and it’s not reflecting in any way.

Godwin4444:
same way some Nigerian youths believe the one they cursed in Anambra can suddenly become d Messiah overnight n b d best thing for Nigeria

Read his write-up word by word and get educated. Olodo urchin.

I Love Bola Ahmed Tinubu

CyrusVI:


That was a whole lot

Economic reforms made it possible to generate enough to pay this

Now that that one is gone, it will be easy to roll out bigger initiatives that can help to relief the pains from last year

Not even Marcus Aurelius would have done any better

and you just borrowed more...does this even make sense.

I was going to ignore but good to know you expanded your initial one liner which was just rhetorics. Even now, your post is full of insults, which is typical of folks of your type. However, I will not follow you in your insult.

That report had major aspects not just one. Under Meffy, he was practically just creating money from thin air under ways and means without tying it to any productive venture. That is why he was able to artificially keep moving the exchange rate from around 160 that he met it to around 650 that he left it.
As soon as the present administration removed that valve, the exchange rate balooned to around 1k5.
According to a previous report by CBN, that ways and means has been reduced or totally stopped.

Now the president is now updating us that the ways and means has now been cleared. Of course haters will rather hear that otherwise.

If your doubts are genuine as you are trying to make it sound, then maybe you can give a true picture in figures of what they state of affairs are.

ActiveFarms:



When would Nigerians youths develop strong thinking ethics. When ? You mean to say once government releases any info, you take it hook, line and sinker without any critical evaluation just because of your ethnocentrism and bigotry. Smh. Shame on your education, a cocoa farm would have yielded better rewards . How can you read financial news without financial stats and proofs and you absorb it hook, line and sinker. Does Nigeria in any way have the means to generate extra One trillion Naira to the national budget let alone 37 Trillion Naira? Use your sense man. You can't keep delegating your education to us


Now to educate you, Ways and Means was converted to bonds, transferring the debt burden to Nigerian youths to bear the burden yet again for so many years in addition to existing loans by converting them to bonds doesn't mean it was repaid


Where and how does Nigeria have the means to repay 30 Trillion Naira overnight. Do you people hate yourselves so badly all because of bigotry. Tueh



Now if the Ways and Means where cleared the first thing to have done was not to take loans but to bring back rationalized subsidy. Meaning subsidize like a quota per day now that we have approximate measurement of the fuel we consume. Subscidize fuel for two years. Use that two years to build twenty modular refineries. Grant small scale refineries setups and have fifty refineries in two years. Then peg the dollar to Naira to 1,000 Naira exchange rate over the two years period using Ways and Means to peg against the exchange rate.


This would instantly drop the prices of things by at least 100%. When we ask you people to support we mentally sound people to places we will make better decisions for you guys, you would refuse. Nigeria only needs sound intellectual management which your leaders lack and followers like you too

Social media gives us the laziest set of journalists that can't be investigative... They copy and paste trendy news... True or false. Na traffic matters.

9jatriot:
I was going to ignore but good to know you expanded your initial one liner which was just rhetorics. Even now, your post is full of insults, which is typical of folks of your type. However, I will not follow you in your insult.

That report had major aspects not just one. Under Meffy, he was practically just creating money from thin air under ways and means without tying it to any productive venture. That is why he was able to artificially keep moving the exchange rate from around 160 that he met it to around 650 that he left it.
As soon as the present administration removed that valve, the exchange rate balooned to around 1k5.
According to a previous report by CBN, that ways and means has been reduced or totally stopped.

Now the president is now updating us that the ways and means has now been cleared. Of course haters will rather hear that otherwise.

If your doubts are genuine as you are trying to make it sound, then maybe you can give a true picture in figures of what they state of affairs are.

Smh. Pele Omoluabi

ActiveFarms:



When would Nigerians youths develop strong thinking ethics. When ? You mean to say once government releases any info, you take it hook, line and sinker without any critical evaluation just because of your ethnocentrism and bigotry. Smh. Shame on your education, a cocoa farm would have yielded better rewards . How can you read financial news without financial stats and proofs and you absorb it hook, line and sinker. Does Nigeria in any way have the means to generate extra One trillion Naira to the national budget let alone 37 Trillion Naira? Use your sense man. You can't keep delegating your education to us


Now to educate you, Ways and Means was converted to bonds, transferring the debt burden to Nigerian youths to bear the burden yet again for so many years in addition to existing loans by converting them to bonds doesn't mean it was repaid


Where and how does Nigeria have the means to repay 37 Trillion Naira overnight. Do you people hate yourselves so badly all because of bigotry. Tueh



Now if the Ways and Means where cleared the first thing to have done was not to take loans but to bring back rationalized subsidy. Meaning subsidize like a quota per day now that we have approximate measurement of the fuel we consume. Subscidize fuel for two years. Use that two years to build twenty modular refineries. Grant small scale refineries setups and have fifty refineries in two years. Then peg the dollar to Naira to 1,000 Naira exchange rate over the two years period using Ways and Means to peg against the exchange rate.


This would instantly drop the prices of things by at least 100%. When we ask you people to support we mentally sound people to places we will make better decisions for you guys, you would refuse. Nigeria only needs sound intellectual management which your leaders lack and followers like you too

So, your opinion is better than those in realm of affairs.

How many times will you be told fuel subsidy is a scam. That it only benefits the few.

Mr man, 5 modular refineries are operational while 10 modular refineries are at various stages of completion.

I can only agree with pegging dollar but at 700 naira.

In addition, no transactions of foreign currency should be allowed in Nigeria. Domiciliary account should be scraped.

forgiveness:


So, your opinion is better than those in realm of affairs.

How many times will you be told fuel subsidy is a scam. That it only benefits the few.

Mr man, 5 modular refineries are operational while 10 modular refineries are at various stages of completion.

I can only agree with pegging dollar but at 700 naira.

In addition, no transactions of foreign currency should be allowed in Nigeria. Domiciliary account should be scraped.

People in public positions are not to give financial reporting without statistically backed financial information. How did the funds and processes come together to do this and that. When people like us do what your public officers can't do, you should be thanking us for the service to the nation, not attack us

ActiveFarms:



People in public positions are not to give financial reporting without statistically backed financial information. How did the funds and processes come together to do this and that. When people like us do what your public officers can't do, you should be thanking us for the service to the nation, not attack us

I agree with the bolded but have you tried to verify?

You can also proof him wrong by proving evidence.

forgiveness:


I agree with the bolded but have you tried to verify?

You can also proof him wrong by proving evidence.

I have educated everyone on the thread. Go read my submissions

CyrusVI:


That was a whole lot

Economic reforms made it possible to generate enough to pay this

Now that that one is gone, it will be easy to roll out bigger initiatives that can help to relief the pains from last year

Not even Marcus Aurelius would have done any better

Sounds alright until you realised they've borrowed more than 30T in the past year. We're only robbing Peter to pay Paul

Spits!!!