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Nairaland Forum / Nairaland / General / Politics / Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode (1251201 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)
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Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 10:12am On Oct 08, 2022 |
Kenya has never defaulted and is not about to start. We have new gov fixing small details and we will be fine. GeneralDae: |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by GeneralDae: 10:14am On Oct 08, 2022 |
rvp20182:Then how come Nigeria hasn't defaulted and has never been regarded as a country in danger of default? Kenya is one of top two countries in Africa feared to default in the coming months if something is not urgently done. 2 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by GeneralDae: 10:17am On Oct 08, 2022 |
rvp20182:New Govt cannot perform magic overnight. Wake up and smell the coffee. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 10:17am On Oct 08, 2022 |
Nigeria has budget similar size to Kenya - debt similar size to Kenya - it invest zero in education, health, security - infrastructure projects takes 20yrs on average - cannot pay salaries or pensions on time. Ghana gov works - and if it default - it become Nigeria. Nigeria is in post-default state. Nobody serious is willing to lend it money. It should be able to get 300B dollars debt like South Africa - but it cant and wont pay. So it's just surviving like Zim, Somalia and Burundi - this where they cluster in almost every indices. GeneralDae: 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by obaaderemi: 10:19am On Oct 08, 2022 |
GeneralDae:They know the truth. They're just too proud to admit it. There's nothing in their economy to support the huge debt portfolio they've acquired. Ghana has got gold and oil, South Africa has got gold and other metals, Nigeria has oil and gas and its vibrant people. Kenya has got little besides cooked data. 2 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 10:19am On Oct 08, 2022 |
Nigeria defaulted in 2004 and were forgiven 36B dollars. GeneralDae: |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 10:21am On Oct 08, 2022 |
Debt is repaid by gov revenues. Kenya gov collects more than 20B dollars in revenues. Kenya gov also own many assets. We can sell shares in 15 listed companies and half the debt if we want. obaaderemi: 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 10:23am On Oct 08, 2022 |
Mkenya2019:Yeah, the current cbk office that look like mashroom is okay for Kenya but ours has outlived it usefulness hence the new one we are building ... Your country is bankrupt and has no money for a new office, the little it has, it uses to manage your untrustworthy currency 2 Likes
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Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 10:24am On Oct 08, 2022 |
obaaderemi:I think so too 2 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by obaaderemi: 10:25am On Oct 08, 2022 |
rvp20182:Because we are not stupid like you.
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Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 10:26am On Oct 08, 2022 |
rvp20182:What do you call your urgent debt restructuring last year including domestic debt? 2 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by obaaderemi: 10:27am On Oct 08, 2022 |
GeneralDae:He said it himself that he is confused about Nigeria's economic stability. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 10:27am On Oct 08, 2022 |
rvp20182:Only country currently defaulting on it debt is Kenya.... It made you run to the IMF last year for ECF.. 2 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 10:28am On Oct 08, 2022 |
21 floor building - Central Bank has 36 floor Times Tower, Central Bank pension is more than floors. Central bank has branches in Kisumu, Mombasa, Nyeri, Kisii, Meru Those two buildings are owned by central bank of kenya Just40:
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Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 10:30am On Oct 08, 2022 |
rvp20182:Selling shares is not an immediate response that can cover your debt obligation... Your market cannot raise 12 billion dollars. Even half a million dollars it struggles to raise. That is why your country started defaulting and begged for restructuring before running to the IMF 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by obaaderemi: 10:30am On Oct 08, 2022 |
rvp20182:Kenya collects less than$20bn revenue. The less than $20bn can not even fund your budget, hence your growing deficits and debts. 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 10:31am On Oct 08, 2022 |
Heckling mad cow. Going to ECF doesnt mean you have defaulted. Defaulting is what about to do by asking debt holders to re-negotiate - just so you can get an ECF. It terribe. IMF is asking you to DEFAULT before it can lend to you. Just40: 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by GeneralDae: 10:32am On Oct 08, 2022 |
Top African countries in danger of default in coming months and years. Nigeria and South Africa said to be growingly concerning as well. 2 Likes
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Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by obaaderemi: 10:32am On Oct 08, 2022 |
rvp20182:Nigeria didn't default. We paid off our debt, and part of the deal was for a portion to be forgiven. Read up on it and stop saying what you don't understand as usual. 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 10:34am On Oct 08, 2022 |
rvp20182:25 floors building central bank HQ The Ghanaian central bank has branches in Kumasi, Takoradi, Tema, Suyani, Tamale and co You can't compare a mere empty building to a Central bank main HQ. Nigeria built theirs for 260 million dollars Kuwait 580 million dollars Egypt is building theirs for 300 million dollars or so Your 30 million pension building with no security features cannot compare kiddo 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by obaaderemi: 10:35am On Oct 08, 2022 |
GeneralDae:As you can see, Kenya is inching towards distress. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 10:35am On Oct 08, 2022 |
Maybe you have another Kenya in Nigeria. 1) Ordinary Taxes. KRA collected Sh.2.03 trillion in the financial year under review, against its set target of Sh.1.88 trillion, and two revised targets of Sh.1.91 trillion and Sh.1.97 trillion respectively. A sum of 22.3% improvement in revenue collection compared to the previous financial year where it collected a total of Sh.1.66 trillion. 2) AIA - user fees, licenses, fines, etc By the end of June 2022, total revenue collected including A-I-A amounted to Ksh 2,199.8 billion against a target of Ksh 2,192.0 billion reflecting an improvement of Ksh 7.9 billion. Total revenues 2.03 trillion+ 2.19 billion - that is 2.3 trillion KSHS as of June 2022. obaaderemi: 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 10:36am On Oct 08, 2022 |
What are you securing when coffers are empty Just40: |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 10:37am On Oct 08, 2022 |
rvp20182:I can see you have problems reading to comprehend... You were defaulting on your Chinese debt so you begged for restructuring of the Chinese debt and domestic debt, when that wasn't enough, you runned to the IMF for ECF. Ghana will never do that especially when it is busy printing We are not bankrupt Kenya 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by GeneralDae: 10:39am On Oct 08, 2022 |
obaaderemi:Kenyans here mock Ghana but all analysts in the world regard their situation also as one of the most dangerous in Africa together with Ethiopia as well in the top three bracket if we exclude the likes of Zambia, Mali, and the rest who have already defaulted. 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 10:39am On Oct 08, 2022 |
You'll soon know what defaulting means. Youre the type that learn through experience. It will be nasty. Already Cedis is at 11 to a dollar. Watch Lebanon and Sri Lanka for free lessons of what is coming. Just40: |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 10:41am On Oct 08, 2022 |
Leave analyst - they can predict anything - they get it wrong sometimes - but this Ghana - defaulting for real. Sep 20, 2022 — Ghana is poised to start talks with domestic bondholders on a restructuring of its local-currency debt as part of the West African nation's ... And Fitch/Moody rating for Kenya remain B+ - while Ghana has now gone to CC - it's JUNK. GeneralDae: 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 10:42am On Oct 08, 2022 |
rvp20182:The Ghanaian coffers is never empty because at any given time, there's 6 billion dollars that flows into it excluding taxes. Kenya is bankrupt with no money coming from anywhere to help That is why you defaulted and latter runned to IMF 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by 68816419: 10:43am On Oct 08, 2022 |
rvp20182: https://www.youtube.com/watch?v=19134N_FVDk Kenya listed sixth among nations with default risks https://www.pd.co.ke/commerce/kenya-nations-default-risks-138901/ 3 Likes
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Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp20182: 10:43am On Oct 08, 2022 |
Forex reserves are not kept in Central Bank of Kenya or Ghana literally like that . Central Bank of Ghana opens an account in US Federal Reserve Bank. When you need dollars - they rarely give it in CASH. They just transfer from their account in FED Bank of the US - to say China - and you buy your machinery. What is kept in Central Bank is CEDIS and Gold Bullions. Just40: |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 10:44am On Oct 08, 2022 |
rvp20182:Labanon and Sri Lanka is currently happening in Kenya Becareful else it will turn into another civil war in your country Already kshs is at 120... For an import dependent economy that is a huge climb. No wonder huger has gone several daily up 2 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 10:47am On Oct 08, 2022 |
rvp20182:Ghana hasn't done any of such things, it was a speculation that was I'll informed forgetting the fact that the govt is completely against it and has opted for printing with a gold hedge Not everyone is bankrupt like aid dependent Kenya.. How much doner funding did you take for your elections again? |
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