rvp2018:
Yes Kibaki was able to cut on borrowing by selling SOES - to finance deficit; This is what we need to do;Next year budget for example; instead of borrowing 800B - we can target to sell SOES for 200B (few jewels like Safaricom, Kengen, KCB) - and borrow the 600B instead.

rvp2018:
Mitchell Targaryen
@Ambrosia_Ijebu
Kenya has 54million people. The have no oil exports worth noting. They import most of their fuel. Their economy is heavily driven by agriculture. And yet they have low interest rates , manageable inflation and a stable exchange rate.

Don’t you people wonder why?

vankelvin:

Your pupolation is no more 47Million? confused people

kikuyu1:

Exactly! I'm not saying let's fire sale the family jewels- HELL NO!! Let's not send the wrong message: instead let's reduce gov shareholding in some SOEs in exchange for a couple of billion dollars which will be well spent.
Again I stress we're not NEARLY as badly off as the Waffas and have enough manoeuvre room and smart policy guys to make smart moves.

rvp2018:
That is all you saw - you didnt see single digit inflation, interest rate, and stable currency. Kenya population now is about 50-51 million.

rvp2018:
Nairobi Eastleigh - one biggest somali type mall

https://www.youtube.com/watch?v=IC5m2ZlL_Nk&t=165s

rvp2018:
Splitting hairs. USD was around 115 then - and that rounds up to 20B. If we apply the Nigeria black market rate to your revenues - they will be next to nothing.
Last year - Nigeria federal revenue - N3.93 trillion divided by 750 - is it 5B dollars - official rate (420 naira to a dollar?) is like 10B;
The ZOO - is collecting 10B dollars annually - to manage 200M people.
Let assume at best the 36 states also try to collect 5B!

Zoogeria need jesus.

vankelvin:
Your population is no more 47Million? confused people

rvp2018:
Debt is not repaid by GDP - it's repaid by gov revenues - which Kenya gov has - and Nigeria doesnt.

GeneralDae2:

I am now really tempted to believe Kenyans here don't know what's going on in their country or is it just me?

obaaderemi:
You keep exposing your foolishness. But I guess you've lost all modicum of honour and self-respect that you no longer care wether you appear foolish or not.

How can Nigeria generate only $3.93bn as revenue for a whole year?

The saddest part is how you lead the other little Indians here by the nose and how they all fall at your feet, including the old druggie.

This is for crude oil revenue alone:

kikuyu1:


Mzee umesahau? The Kenyattas somehow got their hands on this. Mama Ngina herself was seen there late last yr with a Turkish construction crew. This yr UK's eldest Jomo was seen making a tour.

Mkenya2019:
Obaboon - that gross oil revenue - what eventually get to gov coffers (net revenue) is very miniscule - as they are expenses. Your ZOO Oil production has dropped from 2 million barrels per day to now a bout a million

Nigeria’s crude oil revenue jumped to N11tn in the first six months of 2022, according to the latest data from the National Bureau of Statistics’ Foreign Trade Statistics for the second quarter of 202

obaaderemi:
When you start your insults, I know you are in great pain. Show us any link to support your asinine claim that Nigeria made #3.96tr only in 2021. Olodo.

Mkenya2019:
Obaboon - that gross oil revenue - what eventually get to gov coffers (net revenue) is very miniscule - as they are expenses. Your ZOO Oil production has dropped from 2 million barrels per day to now a bout a million

Nigeria’s crude oil revenue jumped to N11tn in the first six months of 2022, according to the latest data from the National Bureau of Statistics’ Foreign Trade Statistics for the second quarter of 202

Mkenya2019:
I already did. My calculation was based on reported revenues.
https://tribuneonlineng.com/nigeria-lost-n4-2-trillion-crude-oil-revenue-in-6-months/

In six months - you earnt 3.8B dollars - for full year expect about 6B dollars - then add little you collect in the ZOOOO. The oil production (gross) will be about 30-40 dollars

Youre in the post default state - a zoo that spend nothing on everything - gov just exist - little social investment - little infrastructure - little investment in anything - gov just exist in name - it like somalia or burundi or chad or niger - with a private sector.

Consequently, with the average crude oil price for the month at $86.5 per barrel, the country only earned $3.757 billion as crude oil revenue, instead of $4.51bn, thus forfeiting $756 million. 
https://tribuneonlineng.com/nigeria-lost-n4-2-trillion-crude-oil-revenue-in-6-months/

GeneralDae:

Nigeria still made it's own share of gains in H1 2022 though. According to Nairametrics:

Nigeria recorded a crude oil export of $27.8 billion in H1 2022, a 37.7% increase when compared to $20.16 billion recorded in the second half of 2021 and an 85.1% increase from $14.99 billion recorded in the corresponding period.
In the same vein, gas export earnings in the period under review increased by 40.7% year-on-year to stand at $3.81 billion.

So at least Nigeria still made more crude exports than same period 2021. Though this could have been far much more.

If you ask me, I'll say:

Nigeria is poised to make close to 70 Billion dollars in exports this year ( which may only be less than that of South Africa as usual). In 2021, South Africa was top with about 75 billion dollars in exports. Nigeria was second with 47 Billion dollars and Egypt third with around 35 Billion dollars.

In terms of Diaspora inflow (Jan-June) 2022.

Nigerians received $10.11 billion as diaspora remittances between January and June 2022, representing a 9.6% increase compared to $9.23 billion received in the corresponding period of 2021.

Mkenya2019:
When it come to gov revenues - South Africa collects more than 90B taxes - at national level - Nigeria less than 10B. That is what matters. Not dollars of oil exported by Shell and others.

GeneralDae2:

Sometimes I don't know where you get these numbers from.

Nigeria recorded a total tax collection of about N8.8 trillion in 2020 translating to a tax to GDP ratio of 6.1%. Total taxes collected include oil and non-oil tax plus taxes collected by states

8.8 trillion Naira as at 2020 was about 22 Billion dollars. Now taxes have increased even though exchange rate in 2022 is at an average of 420 naira.

Mkenya2019:
I get them from internet - Jan 28, 2022 — ABUJA, Jan 27 (Reuters) – Nigeria's tax receipts in 2021 rose by 29.4% to 6.41 trillion naira ($15.5 billion), the head of Federal Inland ...

Yeah 20B is about where Kenya is - not so shabby for a country of 200m people.

GeneralDae2:

That's just federal tax. State collect taxes too. Nigeria is federal.

Mkenya2019:
Yes but Lagos and maybe cross-river states are only ones that collect some significant taxes - the rest are useless.

GeneralDae2:

So you agree total taxes is not 15 Billion dollars like you wrongly quoted?

Mkenya2019:
If we use the black market dollar rate

GeneralDae2:

Why should you use the black market dollar rate? The official rates are what are always recognised internationally.

Mkenya2019:
The difference is like day and night - ₦ 735 versus 440. That mean the Zoo is very sick and your gov is desperate to hide the extent of the rot.

Mkenya2019:
I already did. My calculation was based on reported revenues.
https://tribuneonlineng.com/nigeria-lost-n4-2-trillion-crude-oil-revenue-in-6-months/

In six months - you earnt 3.8B dollars - for full year expect about 6B dollars - then add little you collect in the ZOOOO. The oil production (gross) will be about 30-40 dollars

Youre in the post default state - a zoo that spend nothing on everything - gov just exist - little social investment - little infrastructure - little investment in anything - gov just exist in name - it like somalia or burundi or chad or niger - with a private sector.

Consequently, with the average crude oil price for the month at $86.5 per barrel, the country only earned $3.757 billion as crude oil revenue, instead of $4.51bn, thus forfeiting $756 million. 
https://tribuneonlineng.com/nigeria-lost-n4-2-trillion-crude-oil-revenue-in-6-months/

GeneralDae2:

We defend that official rate by paying millions of dollars every week in the foreign market from our reserves. Your country can't survive that.

obaaderemi:
You are known for pulling numbers from your ass and getting angry when busted.

You failed to bring any link to prove your #3tr claim. Last full financial year, tax was #6.6tr according to FIRS. That translates to $15bn.
That's for federal alone. We've not added from the 36 states led by Lagos, which doesn't joke with taxation. We should be looking at close to$30bn. Kenya is a stupid joke, my boy.

Despite the fact that last year had a lot of upheavals economically for Nigeria.Endsars, covid, etc. So, I wonder where you got your #3tr figure from.

Mkenya2019:
Youre wasting dollars enriching a few fatcats - while enslaving the rest of the country. It's time to devalue Naira. If the difference was small - it understandable. But unoffical rate is like twice the official rate.