Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,193,564 members, 7,951,355 topics. Date: Tuesday, 17 September 2024 at 02:36 PM |
Nairaland Forum / Nairaland / General / Politics / Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode (1204390 Views)
Fayose Shuts Down Access Bank Branch Over Fani-Kayode's Wife's Detention / Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) / What Buhari Promised Nigerians Vs What He Has Delivered - Kenyans Blast Nigerian (2) (3) (4)
(1) (2) (3) ... (1165) (1166) (1167) (1168) (1169) (1170) (1171) ... (2513) (Reply) (Go Down)
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Wuoche: 3:39pm On May 06, 2022 |
Baliv254: More of that road. 1 Like
|
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Wuoche: 3:41pm On May 06, 2022 |
Mombasa 1 Like
|
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Wuoche: 3:44pm On May 06, 2022 |
Kisumu.
|
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 3:47pm On May 06, 2022 |
rvp2018:stop spotting useless stuff... This is from Bloomberg, Kenya is spending almost 70% of revenue on debt servicing. By next year, according to Bloomberg, it will be 90% of your revenue that you'll be spending on debt servicing .... Zoo country. Kenya debt servicing is 10% of GDP but 70% of revenue. Last year December, your country debt servicing cost to revenue was 62%. As usual, you don't know shit about your country. Ghana is spending 40% of it revenue on debt servicing. Ghana debt servicing to GDP is 3.3% I wonder when you'll ever stop lying 2 Likes
|
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Wuoche: 3:50pm On May 06, 2022 |
Nairobae 1 Like
|
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 3:57pm On May 06, 2022 |
1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by gallivant: 4:00pm On May 06, 2022 |
Just40: Fine is a word misused. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 4:06pm On May 06, 2022 |
gallivant:You will consider yourself rich in Kenya if you could afford to live in something like that ... The properties here are finer than your best in Ka*ren 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by gallivant: 4:08pm On May 06, 2022 |
Just40: Parklands is better than entire Accra dwarf city. Parklands https://www.youtube.com/watch?v=-ZE1Y-e21HM Accra https://www.youtube.com/watch?v=K04_ZOqEYPY 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 4:11pm On May 06, 2022 |
gallivant:parkland is not even better than Ohwimase in Kumasi, considering how roadless parkland is and with no drainages, let alone compare to Accra. Learn not to speak above your ability https://www.youtube.com/watch?v=xDZKDjlsMp4 https://www.youtube.com/watch?v=H-odhCQ3ve0 |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 4:17pm On May 06, 2022 |
Kenya gov an print it's way out domestic debt. Ghana is projected to default on it's debt by 2024 - because external debt is now going to overtake GDP. You cannot print your way out of external debt - because it's has to be paid in dollars Just40: 2 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by gallivant: 4:17pm On May 06, 2022 |
Just40: Pray for Ghana. IMF bailout is inevitable... |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 4:23pm On May 06, 2022 |
rvp2018:Good luck printing your way out let's see If you knew what was happening to Turkey, you won't be posting this nonsense By 2024 where Ghana debt will drop from the current 74.6% to 54% of GDP, kindly explain how Ghana will default. Stop making shit up out of your desperate brain. Your country Kenya will most likely default on it debt because your debt servicing to revenue will hit 90% by next year. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 4:25pm On May 06, 2022 |
gallivant:Nothing compares to your country desperate situation right now. Have you seen the fuel lines in your country ? Have you seen the bread lines? By next year, Kenya would not even be able to pay it public sector workers. And guess what, the majority of Ghana's debt had been invested into profitable ventures that can repay the debt on their own. Hope I can say same for your country but that's not possible because of the nonsense that happens in Kenya. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by gallivant: 4:27pm On May 06, 2022 |
Just40: The IMF and Worldbank will seize your King when you default. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 4:31pm On May 06, 2022 |
Next after Srilanka and Lebanon - no points for guessing - Ghana and Angola. They will join their bossom friend Zambia. gallivant: |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 4:35pm On May 06, 2022 |
Long stories. Ghana eurobond yield now at 15%....kenya is 7% Ghana cedis has depreciated by 19%..kenya is less than 5%. You've taken tonnes of external debt..mostly commercial...Kenya has very little external debt mostly concessional. You own opposition leader Mahama has said country is about to default in paying external debt. Unless you can get 15+19=35% more money every year to keep up the payment - you're going to default on Eurobond VERY SOON. Just40: 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 4:40pm On May 06, 2022 |
gallivant:shh You don't a shred of economic sense They will be seizing your country again for your failure to repay their debt 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 4:46pm On May 06, 2022 |
rvp2018:Yet Ghana debt servicing is at 45% while that of your country is 70%... Isnt it because Kenya borrowed foolishly? Is that not why your servicing cost is so high? If you country could borrow sensibly like Ghana, you won't be paying such high servicing... Unfortunately Kenya cannot increase revenue collection, infact this year, your revenue will drop by 30% because of the economic crisis there. This will even put you in a much more messier situation. And guess what, you'll be having elections soon. Kenya is just in a nastier situation 3 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 4:51pm On May 06, 2022 |
1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 4:52pm On May 06, 2022 |
More rubbish. External repayment alone in Ghana is 50% of revenue We have not even talked about domestic debt. Below is graph from Economic Intelligence Unit. Kenya even when we drop the ball still have best African economist (outside RSA/Magreb) And our economic policy wonks knows a thing about prudent public financial management. That is why we have always had a strong economy And the worse in Africa historically - if we exclude Zim (crushed by sanctions) & war-torn countries- are well KNOWN GHANA, ZAMBIA AND ANGOLA. That since independence - they have gone broke so many times people forget about. Ghana cedis and Zambia Kwacha at some point where near Zimbwabwe like....too many zeros. Just40: 2 Likes
|
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by gallivant: 5:01pm On May 06, 2022 |
Just40: Don't throw figures around, you are only confusing yourself. 16 economic bailouts is not surprising anymore when you look closely at the facts. 2 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 5:04pm On May 06, 2022 |
That is what he does. The art of obstufication and subterfuge without any sophistry. Someone need to take him to mental asylum For now Mcnaughton rule applies to whatever he post that is not audio-visual; gallivant: 5 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 5:08pm On May 06, 2022 |
rvp2018:I know economic is not your strong area but at least deal in facts. They are freely available online. So will you stop posting nonsense ? Come back to reality kiddo because I know you've seen me post this before. This is just from early March. Don't be desperate Ghana is not the reason why your whole country is desperate
|
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 5:09pm On May 06, 2022 |
gallivant:Those figures are from Bloomberg Are they also throwing figures around ? Desperate kid 3 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by gallivant: 5:11pm On May 06, 2022 |
rvp2018: The health services in Ghana must be subpar, in most other countries society would have seen through his insanity and did the necessary. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by gallivant: 5:12pm On May 06, 2022 |
Just40: Post the source so we can confirm the figures.. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 5:15pm On May 06, 2022 |
Kenya total revenue is around 21B dollars. Total debt repayment annually is around 7B - with about half domestic - half external. That works out to 30-35 percent or about of servicing ratio Which is prudent and which is sustainable. Most of our external debts are long maturity low interest debt 70% of our external debt are concessional (from World Bank/IMF/ADB/China) - with maturity age of 30yrs - meaning very low repayment We dont gorge ourselves with Eurobond like Ghana and Zambia because it's "FREE". You run to Eurobond every year since you discovered it - and now you're paying interest of 15% and paying it in DOLLARS. Zambia is already kaput for doing the same. All eyes on Ghana to default on Eurobond payment soon. They wanted to refinance Eurobond with Eurobond - NO TAKERS. Just40: 4 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 5:20pm On May 06, 2022 |
He is probably stuck abroad on welfare cheque if not selling drugs or yahoo!. For he lived with normal humanbeings - he would already be under mental health facility. gallivant: 4 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 5:23pm On May 06, 2022 |
Ghana definitely the next Sri-Lanka/Lebanon/Zambia... they wanted to go back to Eurobond to borrow to pay Eurobond Ghana suffered its worst credit rating downgrade post-HIPC/MDRI this year when Fitch Ratings and Moody’s Investor Services cut the country’s score to B negative and Caa1 respectively in mid-January and early February respectively. The latest rating puts the country in the ‘red zone’ of the scale used by rating agencies to assess the creditworthiness of sovereigns across the globe. It now means that Ghana’s debts are, for the first time since the 2000s, considered highly speculative and substantially risky by investors and analysts. In other words, Ghana’s debts are seen as junk by investors. https://www.myjoyonline.com/isaac-adongo-ghanas-worst-downgrade-the-blissful-ignorance-and-pompous-arrogance-of-a-government-holding-on-to-straws/ 4 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Nobody: 5:54pm On May 06, 2022 |
Just40:Maybe you're in a different universe, where facts are 'nonsensical and mind-numbing submissions & vice versa. ' And stop regurgitating people's views. 2 Likes 2 Shares |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 6:01pm On May 06, 2022 |
rvp2018:again you're not reading Kenya total revenue is 17 billion dollars and your annual debt servicing is 12 billion dollars according to Bloomberg. Ghana total revenue is 20 billion dollars and annual debt servicing is 9 billion dollars. I know economic is not your strong hold hence why you keep posting nonsense. Because we take Commercial loans, that is why we are able to invest it into profitable businesses instead of going for slave loans from IMF and WB or China, like you. Loans that are only invested in loss making nonsense. Which is the reason why Kenya was unable to pay it debt last year and it had to take Ghana to negotiate debt relief for your country. Even after the debt relief, today your country is in a murky situation, unable to buy fuel. 3 Likes 1 Share |
(1) (2) (3) ... (1165) (1166) (1167) (1168) (1169) (1170) (1171) ... (2513) (Reply)
Anambra light of the nation, eastern economy power house. / Enugu, The Pride Of The East. / Update on developments in Anambra state-photos
Viewing this topic: 2 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 65 |