GeneralDae:

The 10 Billion you got from your ass without proof? If you can't give proof, then the argument becomes a waste of time.

You said if naira is devalued, but naira has not been devalued.

Just40:

😂🤣😂

rvp2018:
Last I checked it was 10B from Federal Revenue; 15 or 12B from oil/royalties - which was immediately converted into stupid fuel subsidies;
So basically usable revenues are 10B;
Usable forex I hear are about 15B; far cry from official figures;
Just like forex exchange going by black market is almost double the official rate.
Nigeria has been in the red for sometime - with debt servicing ration long exceeding 100%.

What is stopping your from defaulting is just national pride. - you rather pay 100% of all money to service debt
What is also stopping your from devaluaing Naira is the same national pride.

Eventually you must confront the your economic demons if you want to stop manufacturing poverty at industrial scale like you're doing now - and your federal gov is totally dysfunctional.

GeneralDae:

Give me data from a reliable source not Steve Hanke. You and your fellow Kenyans are the only one ones here who takes that clown seriously.

The Nigerian revenue from FIRS (taxes) at the federal level only was 10.1 trillion naira in 2022 which is 23 Billion dollars at federal level only.
Estimated revenue for this year is also same 10 trillion naira though it may likely surpass that.

Just40:
Expect more hunger this year in Kenya especially with dollar selling at 145kshs

A weak shilling has pushed the debt up by another 351 billion shillings... What a shit show

This means Kenya borrowed on the domestic market not in shillings but in dollars as well.

You guys are ready stupid

vaxx:
You mean they also borrowed from their domestic market in dollars? This people are actually massage their shillings indeed. Even their local bank don't want to trade buisness in local shillings. Very horrible .

Just40:
Kenya: This country is not a serious one

1) massive external debt
2) money is LEAVING country
3) they rely on USD (!!) REMITTANCES
4) Current acct is extreme negative
5) massive trade imbalance

The sign of disaster

Just40:
Kenya again defaulted on loan payment to the US Export and import bank and was penalized by an additional 24 million dollars surcharge.

A useless country 🤣😂

Just40:
Kenya: This country is not a serious one

1) massive external debt
2) money is LEAVING country
3) they rely on USD (!!) REMITTANCES
4) Current acct is extreme negative
5) massive trade imbalance

The sign of disaster

Just40:
Kenya again defaulted on loan payment to the US Export and import bank and was penalized by an additional 24 million dollars surcharge.

A useless country 🤣😂

rvp2018:
23 billion - okay - minus oil subsidy of 12B - remainder 11B - minus debt servicing of 11B - BROKE.
You then go to borrow to pay salaries and recurrent expenditure at crazy interest rates.
Ideally you should default - and stop borrowing. Then address that mess.
But you fear being laughed out like Ghana

vaxx:
so it is not only China who has penalized them . Very bad and stubborn debtor

vaxx:
only fools think Kenya is more developed than Ghana just because of some little skyscraper

gallivant:


Meanwhile in Ghana, inflation is wrecking havoc...

GeneralDae:

Lol, okay.

rvp2018:
Stop projecting and go talk to you buddies in the list below. Everytime a Ghanian talk macro-economics - I want to literally puke. WHAT ARE YOU SAYING

Fitch Ratings-London-29 March 2023: There have been 14 separate default events since 2020, across nine different sovereigns, a marked increase compared with 19 defaults across 13 different countries between 2000 and 2019, says Fitch Ratings in a new report. A record five Fitch-rated sovereigns are in default: Belarus, Lebanon, Ghana, Sri Lanka and Zambia

Just40:
Ghanaians are not the ones one the street demonstrating hunger.

Ghanaians are fine and can afford it

Just40:
Keep projecting to deflect

So far, all of Ghana's creditors have told the world that Ghana is not in default.

gallivant:


Argue with the economic experts...

Just40:
Keep projecting to deflect

So far, all of Ghana's creditors have told the world that Ghana is not in default.

gallivant:

Just40:
Still highly affordable to the ever dusted Ghanaians meanwhile in Kenya, the streets are filled with rocks with several others dead.

I'm sure you were busy demonstrating and throwing rocks because of hunger and high cost of living

rvp2018:
Latest news. Take your meds. The last two days I can see detoriation.

And prepare for BLACKOUT DUMSOR?

Ghana Power Firms Reject Move to Restructure $1.4 Billion Debt
Companies that account for 61% of peak demand may shut plants
Country restructuring debt to win $3 billion IMF bailout

https://www.bloomberg.com/news/articles/2023-03-23/ghana-power-firms-reject-move-to-restructure-1-4-billion-debt?utm_medium=social&cmpid%3D=socialflow-twitter-markets&utm_content=markets&utm_campaign=socialflow-organic&utm_source=twitter


https://www.wsj.com/articles/ghana-to-restructure-external-debt-as-part-of-imf-deal-11670946636?utm_source=&utm_medium=twitter

rvp2018:
Latest news. Take your meds. The last two days I can see detoriation.

And prepare for BLACKOUT DUMSOR?

Ghana Power Firms Reject Move to Restructure $1.4 Billion Debt
Companies that account for 61% of peak demand may shut plants
Country restructuring debt to win $3 billion IMF bailout

https://www.bloomberg.com/news/articles/2023-03-23/ghana-power-firms-reject-move-to-restructure-1-4-billion-debt?utm_medium=social&cmpid%3D=socialflow-twitter-markets&utm_content=markets&utm_campaign=socialflow-organic&utm_source=twitter


https://www.wsj.com/articles/ghana-to-restructure-external-debt-as-part-of-imf-deal-11670946636?utm_source=&utm_medium=twitter

Just40:
Sorry it ain't going to happen

We are not in a bankrupt Kenya.

ECG effectively collected a lot of the debt owed it last week to pay a good portion of the debt it owe.

Next desperate dream 🤣😂

Maybe next year Ghana will start having power problems again because we will be close to 5,000Mw consumption

Just40:
Sorry it ain't going to happen

We are not in a bankrupt Kenya.

ECG effectively collected a lot of the debt owed it last week to pay a good portion of the debt it owe.

Next dream

rvp2018:
That article is last week. Any link to that breaking news where broke Ghanian electricity money paid 1.4B dollars. Prepare for dumsor as IPPS will shut down operation as they wont be able to pay for diesel or gas.