rickyrex:
i can bet you have insulted buhari for indebting thing country. Here you are supporting a clueless bingo who was ones kicked out in apc. Let him bring his achievement with that of obi lets compare.

Have you been living in North Korea all these while?

DMerciful:
Lagos isnt built by Tinubu or Yorubas if not they'd have replicated it in the other Yoruba states. Lagos became what it is by virtue of being capital from 1914 to 1990.

Nigerians are currently hungry yet we have over $40 billion in foreign reserves. We must save and thats why we dont use our last money to do owambe

Foreign reserves are not savings and they do not belong to the government
They belong to the CBN
I am sure you are misled by the word
RESERVE
BUT they are not SAVINGS
Repeat

NOT savings
Inform yourself properly before spouting ignorant opinions
The CBN has assets and liabilities.

The Naira is a CBN liability and the reserves are CBN assets that give value to the Naira This stuff is not in the Nwa boy syllabus

So why were you jokers blaming GEJ when it dropped?

omonnakoda:
Foreign reserves are not savings and they do not belong to the government
They belong to the CBN
I am sure you are misled by the word
RESERVE
BUT they are not SAVINGS
Repeat

NOT savings
Inform yourself properly before spouting ignorant opinions
The CBN has assets and liabilities.

The Naira is a CBN liability and the reserves are CBN assets that give value to the Naira This stuff is not in the Nwa boy syllabus

DMerciful:
So why were you jokers blaming GEJ when it dropped?

What is the relevance of this idiocy?
Just educate yourself about what foreign reserves mean
Admit you were ignorant,learn and move on
Foreign reserves are not savings and are managed by the CBN not the government
If you do a search you will find where Sanusi talked about defending the naira in 2014
You obviously are badly educated and cannot reason coherently
What is the connection between what I said and GEJ?

hopexter:


Constructing just mere road which he was voted in to do is now extra ordinary for you to call it development, make shame dey catch you small.

Mere roads?

But roads and flyovers is what you were talking about in that nonsense post of yours.
So roads is no longer important now.

He not only built roads,he also built schools and hospitals.
He gave loans and grant to citizens among others.

You don't know the color of your problem yet.

omonnakoda:
Foreign reserves are not savings and they do not belong to the government
They belong to the CBN
I am sure you are misled by the word
RESERVE
BUT they are not SAVINGS
Repeat

NOT savings
Inform yourself properly before spouting ignorant opinions
The CBN has assets and liabilities.

The Naira is a CBN liability and the reserves are CBN assets that give value to the Naira This stuff is not in the Nwa boy syllabus

Nonsense.
Foreign reserves are savings.

You actively decide to save and increase foreign reserves.
It's not an automatic occurrence. It doesn't just happen.

It's a planned decision to set aside foreign currency as an external buffer for the nation.

It's savings in its truest form.
The only difference is that it is used to secure economic stability and make borrowing easier.

A thief cannot increase your foreign reserves.
Someone that wants to share it all cannot increase your foreign reserves. The Dollars would be diverted to something else.

Claiming that the foreign reserves belongs to CBN and not FG is splitting hairs.
It's a product of bad belle.

A corrupt president can lean on the cbn would to your foreign reserves.
A frugal president will grow your foreign reserves.

Bad belle would make you call white as black.

CSTRR:

Nonsense.
Foreign reserves are savings.

You actively decide to save and increase foreign reserves.
It's not an automatic occurrence. It doesn't just happen.

It's a planned decision to set aside foreign currency as an external buffer for the nation.

It's savings in its truest form.
The only difference is that it is used to secure economic stability and make borrowing easier.

A thief cannot increase your foreign reserves.
Someone that wants to share it all cannot increase your foreign reserves. The Dollars would be diverted to something else.

Claiming that the foreign reserves belongs to CBN and not FG is splitting hairs.
It's a product of bad belle.

Bad belle would make you call white as black.

it you are expecting me to engage you it will not happen
Believe what you want

You have a motive for this outburst but not today...

omonnakoda:
What is the relevance of this idiocy?
Just educate yourself about what foreign reserves mean
Admit you were ignorant,learn and move on
Foreign reserves are not savings and are managed by the CBN not the government
If you do a search you will find where Sanusi talked about defending the naira in 2014
You obviously are badly educated and cannot reason coherently
What is the connection between what I said and GEJ?

omonnakoda:
it you are expecting me to engage you it will not happen
Believe what you want

Ofcourse, you can't engage Me na.

I have intellectually decimated you on this forum many times.

And it's not even hard.

Your bad belle has degraded your rationality.

CSTRR:

Ofcourse, you can't engage Me na.

I have intellectually decimated you on this forum many times.

And it's not even hard.

Your bad belle has degraded your rationality.

sure can you fucck off now?

DMerciful:
You have a motive for this outburst but not today...

That guy would call white as black if it helps to demarket Peter obi or Igbo people.

He is smart enough to know that he is talking bullshit.

DMerciful:
You have a motive for this outburst but not today...

You can see enemies hiding behind the TV

MY point to you was a technical one.
Forex reserves are not assets of the government
If the government sells oil and receive s dollars
It exchanges them for naira with the CBN.The dollars thenceforth belong to the CBN which has issued naira that the government then spends into the economy
That naira is CBN DEBT. Those holding naira are creditors of the CBN
Securitized by the reserves and that is why defending the naira simply means selling dollars by the CBN to redeem its debt.

There is a fundamental difference from Excess crude account which belong to government
Learn to learn

Not at all.. it is an establishment where you embezzle all the funds and leave debts..

thesicilian:

It's delusional to compare Nigeria to Norway. In. Any. Capacity.

And is more delusion and myopic to think saving is bad idea.

CSTRR:

Mere roads?

But roads and flyovers is what you were talking about in that nonsense post of yours.
So roads is no longer important now.

He not only built roads,he also built schools and hospitals.
He gave loans and grant to citizens among others.

You don't know the color of your problem yet.

Go through my post again and read it without emotions and tell me where I mentioned road.

Mention the names of the schools and hospitals he built. You know the meaning of loans don’t you? You’re giving loans to make profits while you ignore the basic necessities needed with said funds. Pls don’t talk about road when we call if roads in Anambra, we know those who constructed the major roads.

We know your types and how your quickly insults those you feel intimidated by. It will be wrong to bring myself low to exchange insults with you.

Only in a zoo such as Nigeria will such idiotic statement comes from the putrid mouth of political activist.

thesicilian:
Help me ask them o
Government is supposed to use available resources to better the lives of the people, not save it for the next politician to squander.
Even in the Bible, the only servant that saved his talent (instead of investing it like others) was cast away in anger by the Master.

This one that is not saving, how have u benefitted from them How much are u buying fuel and a bag of rice??

thesicilian:

Have you been living in North Korea all these while?

them tell you say nah everything wey happen for your back yard you know about

hopexter:



Go through my post again and read it without emotions and tell me where I mentioned road.

Mention the names of the schools and hospitals he built. You know the meaning of loans don’t you? You’re giving loans to make profits while you ignore the basic necessities needed with said funds. Pls don’t talk about road when we call if roads in Anambra, we know those who constructed the major roads.

We know your types and how your quickly insults those you feel intimidated by. It will be wrong to bring myself low to exchange insults with you.

You are an illiterate.

I won't bother listing what he did..
I would leave that for those that have eyes.

I am more concerned about your economic illiteracy.

Soft loans and grants, especially for MSMEs are the greatest poverty killer in these developing world.

It's not flyovers and bridges. It's capital.

Capital for small businesses. That is the only way to kill poverty at the micro level in Nigeria.
Soft loans and grants are the best way that govts all over the world reduce the poverty.

Nigeria has largest number of poor people in the world.
More poor people than even India.

Small business is the solution to national poverty.

Talking down on loans shows that you don't know the greatest need of your country and how to solve it.

You are just a bigot who knows nothing and will end up voting for nonsense.

thesicilian:
Help me ask them o
Government is supposed to use available resources to better the lives of the people, not save it for the next politician to squander.
Even in the Bible, the only servant that saved his talent (instead of investing it like others) was cast away in anger by the Master.

Lol, the bible verse does not enter here.
After doing the needful, what is left is supposed to be saved...depicting accountability and transparency.

To those people, spending d residual funds would be an avenue for them to steal and siphon...not that they have a better goals to achieve.

A vision less spendthrift only sees what to spend on. No savings, no planning, no backup...just spend to increase d chances of looting.

oikirodah:
Is Government  A Savings Account ? Watch How Oshiomhole Exposes Peter Obi's Deceit (Video)



https://ireporteronline.com.ng/blog/is-government-a-savings-account-watch-how-oshiomhole-exposes-peter-obis-deceit-video/

https://www.youtube.com/watch?v=2OSG51mmiHI

When you know the man is clean, you now feel you can bring him down using baseless and foolish propaganda, APC does not save but instead put Nigerians in serious gbese of 77trn naira..... Who wise pass, person wey dey save and person wey dey prodigal every money he see.....
APC govt. are prodigals.

Ezeama400:
Average APC supporter is very daft, from top to bottom...!!. They don't know when to talk and when to remain mute on certain delicate issues..

He should give Obi credit for saving, that's shows the level of discipline Obi is financially,unlike other governors that will sweep the account before leaving the office there by making the incoming one to be stranded and be borrowing up and down to meet up, by doing puting subjecting the masses in more debt... No wonder we are where we are today

Other governors are not just looting their State fund, they are also looting government properties too, but Obi understand the importance of savings this clown called Oshomole is here yearning just..

Nigerians should reject APC and everything about it since they belive in siphoningm public money for personal use..

All APC urchins and their principals are prodigals

Stupidity is when you say something you know nothing about ..... Can someone help me tell Osho monkey that Nigerians in 2023 are wiser than Nigerians in 2015.we dnt get fooled with propaganda anymore. That Is the secret why Tinubu is not doing too well in the campaign this year's cos we dnt get fool by propaganda anymore.
They used the propaganda tactic against GEJ , we all fall for it, they realize they can't use it on Peter Obi....

post=120330114:


Peter Obi constructed 900km of roads when he was governor paid all contractors before his tenure ended how many kilometers of roads did Oshimole construct when he was governor

Oga,don't even go there!
Oshiomole is better than Obi in all ramifications as an administrator.

The roads prof Soludo alluded to in his article about peter Obi where an elder advised him not build "Peter Obi roads" but rather "Ngigei roads" that's what you are saying?
Quote me anywhere, there's no governor in the history of Edo state that has done more roads,built more schools and community projects than Oshiomole.
Or you think Oshiomole is like Ortom of Benue that only speaks when he wants to curry favour from Christians?
Abeg,shift if you no get better thing to talk!

omonnakoda:
Foreign reserves are not savings and they do not belong to the government
They belong to the CBN
I am sure you are misled by the word
RESERVE
BUT they are not SAVINGS
Repeat

NOT savings
Inform yourself properly before spouting ignorant opinions
The CBN has assets and liabilities.

The Naira is a CBN liability and the reserves are CBN assets that give value to the Naira This stuff is not in the Nwa boy syllabus

Guy you are the one that is very wrong, a nation foreign reserve is the nation money being save in another nation currency. If Nigeria foreign reserve is $40billion ,it actually means Nigeria has a savings of $40billions in other nation currency . It could be $,€ or £ , depending on the common acceptable currency of the world.
So if the country decided to take out of her foreign reserve it means , the country is not saving instead the country is spending out of it. It could be any means of spending either to pay off foreign contractor or foreign debt.. so the guy you quoted as wrong is right , if he say Nigeria has a savings in form of foreign reserve..

Later you will go cap in hand to borrow from China...How did China get the money they lend to you ? Is not from their reserves/ account ?...If they had consumed all they made whill they have left over to lend to you ?...Common sense is not common.

tymicjay77:


Guy you are the one that is very wrong, a nation foreign reserve is the nation money being save in another nation currency. If Nigeria foreign reserve is $40billion ,it actually means Nigeria has a savings of $40billions in other nation currency . It could be $,€ or £ , depending on the common acceptable currency of the world.
So if the country decided to take out of her foreign reserve it means , the country is not saving instead the country is spending out of it. It could be any means of spending either to pay off foreign contractor or foreign debt.. so the guy you quoted as wrong is right , if he say Nigeria has a savings in form of foreign reserve..

. Is this something you read about somewhere or that you have practical experience of? E.g do you know what currency swaps are or any technical knowledge of the management of reserves e.g working in a firm that warehouses or processes. Foreign reserves?

I want to believe that when your first statement is
YOU ARE WRONG
That you have some experiental knowledge of what you are saying

Recently airlines accused the CBN of TRAPPING their funds
Do you understand the meaning of that in the context of Foreign reserves and exchange rates?

Please do not go about looking for arguments in stuff oh do not understand without the humility to ask politely

The foreign reserves are a signal.to foreign investors that they can get their money out with ease. Without foreign reserves,naira is paper. And the CBN is obliged to sell those dollars in exchange for its. Paper the naira at its. Official rate.

The CBN is a bank and a separate legal entity it is NOT the government

Okealaaye:
I wonder o. Comrade, all Patriots and men of goodwill are wondering o. No thief pass porsin wey de use mouth share meat. This Obi guy na original heistman. In Economics 101, we're taught that government no be profit making enterprise. Who was he saving the money for? Na Lagos matter Omo Eboes de carry for head when locusts wey de form grasshoppers don finish dem thatched roof huts.

Nah only igbos de Lagos … just keep quiet 🤫🤫

Structureless party giving everybody headache.
Nigerians vote wisely if una like

thesicilian:

Funny enough, most people think I'm campaigning for Tinubu and APC. I'm not. I'm just not convinced that Obi has the required competence to lead the nation, judging from his tenure as a governor. All the 3 front men are frauds

Then among these top 3 politicians contesting for the Nigeria highest office, who is more competence? Guess you are not living in Nigeria for over the decades that APC and PDP with same set of people has been toying with Nigeria economy and the people. Plz i m.waiting for your faithfulness. Thank you

MeaslesMumpsRub:


Bro Bola Ahmed was a handsome Man Back in the days is why he was able to get Remi. He has money and he had swag. He is 72 now and age can humble anybody.

except your girl get ashawo vibes

kellyzaf:


Then among these top 3 politicians contesting for the Nigeria highest office, who is more competence? Guess you are not living in Nigeria for over the decades that APC and PDP with same set of people has been toying with Nigeria economy and the people. Plz i m.waiting for your faithfulness. Thank you

For starters they're all frauds like I said before.

In terms of competence, Tinubu is way ahead of the other 2

When you talk of "the same set of people toying with the Nigerian economy and people" then you shouldn't be campaigning for Obi because he's also part of them. Wasn't he a member of this same PDP until last year when he had to leave because of his personal ambition? Wouldn't you be campaigning for PDP right now if Atiku had stepped down for him?