Stats: 3,190,741 members, 7,941,801 topics. Date: Friday, 06 September 2024 at 01:31 PM |
Nairaland Forum / Emmynuelnwatu's Profile / Emmynuelnwatu's Posts
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My account number is 3094447238. First bank registered to Nwatu Emmanuel |
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Nigeria's economic growth rate and debt-to-GDP ratio experienced significant changes between 2010 and 2024 due to a combination of domestic and global factors: Economic Growth Decline: 1. **Oil Price Volatility**: Nigeria's economy is heavily reliant on oil exports. The global drop in oil prices, particularly around 2014-2016, severely affected revenue and growth. The country struggled to diversify its economy away from oil dependency. 2. Security Challenges: Ongoing security issues, including Boko Haram insurgency, banditry, and conflicts in the Niger Delta, have disrupted economic activities and deterred investment, further hampering growth. 3. Policy Inconsistency and Poor Governance: Frequent changes in economic policies and governance challenges have led to an unpredictable business environment, reducing investor confidence and slowing economic growth. 4. COVID-19 Pandemic: The global pandemic in 2020 caused a sharp economic contraction worldwide, including in Nigeria. The resulting lockdowns and disruptions to global supply chains significantly impacted economic growth. 5. Inflation and Currency Devaluation; Persistent high inflation, largely driven by currency devaluation and poor management of the exchange rate, eroded purchasing power and economic stability, leading to lower growth. Rising Debt-to-GDP Ratio: 1. Increased Borrowing: To finance budget deficits and infrastructure projects, Nigeria significantly increased its borrowing, both domestically and externally. This was exacerbated by reduced oil revenues and the need to fund critical expenditures. 2. Debt Servicing Costs: High-interest rates on borrowed funds and the need to service existing debt further strained government finances, leading to even more borrowing and an increasing debt-to-GDP ratio. 3. Revenue Challenges: Despite efforts to diversify the economy, non-oil revenues remained low. Coupled with the volatility of oil revenues, this limited the government's ability to fund its budget without resorting to borrowing. 4. Exchange Rate Fluctuations: The depreciation of the Nigerian Naira against major currencies increased the burden of external debt, contributing to the rising debt-to-GDP ratio. In summary, the combination of these factors has led to the significant decline in Nigeria's economic growth rate from 11% in 2010 to 3.1% in 2024, alongside a sharp increase in the debt-to-GDP ratio from 9.6% to 49.5% over the same period. |
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*Up for sale* A roughly *700 square metres property* ( 1 and half plots) property up for sale in a choice area at *Amorji Nike in Enugu State.* The property is completely fenced and gated. Asking price is *10 million naira* only. Highly negotiable. Documents available are: *Deed of lease and Power of Attorney.* Interested? Call *Emmanuel* on *07030547246* for immediate purchase. |
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A Land on a choice area at Amorji Nike is up for sale. The land measures about 700 square metres. It is completely fenced with a gate. The asking price is 18 Million but it is highly negotiable. Documents available include deed of lease and Power of Attorney. For all interested buyers please call Emmanuel on 0.....7.......0....3.....0.....5.....4.....7......2....4........6 |
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Amorji Nike is located in Enugu East LGA of Enugu State. |
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A fully fenced land with gate is available for sale at a choice location in Amorji Nike. The land measures 700 square metres. Deed of Assignment and Power of Attorney available. The asking price is 20 Million naira only. Highly negotiable. For more information call Emmanuel on 0....7....0....3....0..…5.....4....7....2......4.....6 The land is also available for lease of ten years at 240k per year. |
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Greetings dear colleagues. A two plot land fully fenced but for the gate us up for sale at Pilgrimage Layout Ugwogo Nike. The plots measure 645sq metres each on the average totalling about 1290 sq metres. The choice location of the plots is near the Defenders Estate and another Federal Estate. the plots are located along the National Pilgrimage Road. Available documents are Power of Attorney and Deed of assignment. Asking price is 6million for the two plots. Highly negotiable. Please Call Emmanuel on *07030547246* for immediate purchase. |
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BUY A TWO PLOT FULLY FENCED LAND AT PILGRIMAGE LAYOUT JUST AFTER OGBEKE NIKE IN ENUGU. THE PLOTS ARE VERY BIG AVERAGING 650 SQ METRES EACH. THE LAND IS LOCATED IN A CHOICE AREA VERY CLOSE TO THE NATIONAL PILGRIMAGE CENTRE AND OPPOSITE A FEDERAL ESTATE JUST ALONG THE NIKE- UGWOGO NIKE ROAD, ENUGU STATE. IT IS LOCATED JUST 10 MINUTES DRIVE AWAY FROM NKWO NIKE. THE ASKING PRICE IS 10 MILLION NAIRA ONLY FOR THE TWO PLOTS WHICH MUST BE PURCHASED TOGETHER. THE PRICE IS STILL NEGOTIABLE. ALL RELEVANT DOCUMENTS ARE AVAILABLE. FOR MORE DETAILS AND IMMEDIATE PURCHASE CALL EMMANUEL ON 07030547246 OR 08125990080 |
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The Two plots of land at PILGIMAGE LAYOUT UGWOGO NIKE, ENUGU average 670 sq metres each and is located beside the Defenders Estate and opposite a federal housing estate. it is completely fenced and all relevant documents are available. The area is very secure and just 10 minutes drive to Nkwo-Nike Enugu. Asking price is 10 Million naira for the Two plots. If you are interested call Emmanuel on 07030547246 or 08125990080. |
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The Two plots of land at PILGIMAGE LAYOUT UGWOGO NIKE, ENUGU average 670 sq metres each and is located beside the Defenders Estate and opposite a federal housing estate. it is completely fenced and all relevant documents are available. The area is very secure and just 10 minutes drive to Nkwo-Nike Enugu. Asking price is 10 Million naira for the Two plots. If you are interested call Emmanuel on 07030547246 or 08125990080. |
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The Two plots of land at PILGIMAGE LAYOUT UGWOGO NIKE, ENUGU average 670 sq metres each and is located beside the Defenders Estate and opposite a federal housing estate. it is completely fenced and all relevant documents are available. The area is very secure and just 10 minutes drive to Nkwo-Nike Enugu. Asking price is 15 Million naira for the Two plots. If you are interested call Emmanuel on 07030547246 or 08125990080. |
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The Two plots of land at PILGIMAGE LAYOUT UGWOGO NIKE, ENUGU average 650 sq metres each and is located beside the Defenders Estate and opposite a federal housing estate. it is completely fenced and all relevant documents are available. The area is very secure and just 10 minutes drive to Nkwo-Nike Enugu. Asking price is 15 Million naira for the Two plots. If you are interested call Emmanuel on 07030547246 or 08125990080. |
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*LAND FOR SALE IN ENUGU @ Pilgrimage layout.* *The two plot facility* is in a choice area near Ugwogo-nike in the Nike area of Enugu State. Security is very okay. The plots are very huge by any standard all together averaging *1400 Sq metres.* It is flanked by newly constructed Federal Housing Estate and the National Pilgrimage Centre. The property has *all required documentation and is fully fenced.* Asking Price for the two plots is *30 million (negotiable)* Kindly Contact Emmanuel on *07030547246* or *08125990080* for a chat and prompt negotiation. |
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The two plots are fenced together and will be purchased as such. |
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A Two plot fully fenced property located at Pilgrimage Layout near Ugwogo- Nike is up for sale. The property is in a choice area with accessible road and located opposite a federal housing Estate. Asking Price 9million for the two plots All documents including survey plan available Call: Emmanuel on 07030547246 or Sandra on 08035582740 for further details. |
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07030547246 |
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Put it away in wema bank alat account. Apply for their goal savings investment package within the alat app or via alat.com.ng and you will receive 10% guaranteed interest per annum. That will be 15000 naira per annum. At graduation you may have a tidy sum. Thank me later. 1 Like |
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07030547246, NWATU EMMANUEL A. |
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emmynuel77@gmail.com Kindly send me a link |
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