Buhari leaves Nigeria with 50B dollars printing bill - now debt has ballooned by 50% - as it converted into 40yr domestic debt.

That is what happens when you print money to pay salaries. And of course when you elect a goat. Instead of someone like the woman in this picture.

Now Nigeria debt is 170B dollars - in economy which using black market exchange rate is really 225B dollars.

Soon it will follow Ghana in bankruptcy.

rvp20182:
Buhari leaves Nigeria with 50B dollars printing bill - now debt has ballooned by 50% - as it converted into 40yr domestic debt.

That is what happens when you print money to pay salaries. And of course when you elect a goat. Instead of someone like the woman in this picture.

I told you we would add it to our public debt.

AfriqueDuZuid:


Which educated labour are you shifted abroad in particular?

If its nurses, im 100% sure you need them in your country as you lack medical personnel

Unless you speaking of maids and gardeners to saudi arabia and they are not educated..

Most of the time he doesn't know what he is saying.

rvp20182:
Now Nigeria debt is 170B dollars - in economy which using black market exchange rate is really 225B dollars.

Soon it will follow Ghana in bankruptcy.

Kenya’s Government Plans Crypto, Influencer Tax as Cash Sources Dry.

Finance bill introduces 3% tax on transfer of digital assets.

East African government plans to raise $21 billion for 2023-24

Source : Bloomberg.

You didnt even know it exist. I am one who flagged it when we were trying to figure out how Buhari has survived with 100% debt servicing ratio. Of course he has printed 50B dollars of Naira.

Now it's public debt - and of course it source of Naira inflation & weaking to it's real value of 750 to 1 dollar.

GeneralDae:

I told you we would add it to our public debt.

It's actually Ruto gov policy to export labour. This is not my invention. For first time we have minister of foreign affairs and diaspora affairs. We now have fully fledged department of diaspora affairs.

German chancellor is in Kenya - and we inked 250,000 employment export deal.

We will export to Canada, Australia, Saudis, German as stop gap measure until local investment creates enough jobs and they can comeback.

Obaaderemi2:
Most of the time he doesn't know what he is saying.

Why not - Ruto gov intention is cut down on debt - that mean taxes will be need to be collected - and also kenyans will be forced to save.

If housing levy of 6% passes - (3% by employee and 3% by employee) - we will have enough funds to build a million units in five years - and our cities will grow very fast.

Next was pension fund - there is already doubling of money - as it was increased - this is the money that fund development in countries like South Africa.

In short to get out of debt hole - we have to save more - and of course tax more internally.

We cannot become Buhari who print and print - digging bigger hole - now 170B hole in an economy - that can barely generally 10B dollars in federal taxes.

NIGERIA - how will you repay debt - next year debt servicing ratio will be 150% - more printing - more weakening of naira - more inflation.

GeneralDae:

Kenya’s Government Plans Crypto, Influencer Tax as Cash Sources Dry.

Finance bill introduces 3% tax on transfer of digital assets.

East African government plans to raise $21 billion for 2023-24

Source : Bloomberg.

rvp20182:
Now Nigeria debt is 170B dollars - in economy which using black market exchange rate is really 225B dollars.

Soon it will follow Ghana in bankruptcy.

It's still 40% of GDP. Kenya's total debt is over 50% of GDP. Your debt is $75bn and growing. You are struggling to pay workers and you are closer to defaulting on your loans than Nigeria.

rvp20182:
You didnt even know it exist. I am one who flagged it when we were trying to figure out how Buhari has survived with 100% debt servicing ratio. Of course he has printed 50B dollars of Naira.

Now it's public debt - and of course it source of Naira inflation & weaking to it's real value of 750 to 1 dollar.

The same way you didn't know Kenya was borrowing to pay salaries until we told you years back only for you to argue against the obvious until this year when Ruto could not pay salaries.

Nobody trust Nigeria GDP figures. Focus on gov revenues. That is what pay taxes. Not GDP. GDP is just a random guesttimate of the size of your economy. It's not money in some bank.
And kenya debt is now close to 85B dollars.
Our economy is close to 120B.
Debt ratio is 65% or about.
But we have no problem - as we will simply outgrow it - gdp is growing at 5% - and our tax revenues by more than 10%.

Obaaderemi2:
It's still 40% of GDP. Kenya's total debt is over 50% of GDP. Your debt is $75bn and growing. You are struggling to pay workers and you are closer to defaulting on your loans than Nigeria.

Borrowing is still better than printing money.
That is why Naira has weaken to 750 in real black market.

Ideally of course revenues should pay salaries and recurrent expenditure - that is Ruto intention in next 2yrs. That is recurrent budget surplus.

Then you can borrow for development.

Obaaderemi2:
The same way you didn't know Kenya was borrowing to pay salaries until we told you years back only for you to argue against the obvious until this year when Ruto could not pay salaries.

rvp20182:
You didnt even know it exist. I am one who flagged it when we were trying to figure out how Buhari has survived with 100% debt servicing ratio. Of course he has printed 50B dollars of Naira.

Now it's public debt - and of course it source of Naira inflation & weaking to it's real value of 750 to 1 dollar.

Of course I knew it existed. You don't expect me to tell you just the way you don't tell me everything about Kenya. It was your job to find out.

So typical. Are we here to win useless arguments for argument sake. You're just a goat like Buhari. I will have no qualms sharing kenya problems and success.

GeneralDae:

Of course I knew it existed. You don't expect me to tell you just the way you don't tell me everything about Kenya. It was your job to find out.

rvp20182:
So typical. Are we here to win useless arguments for argument sake. You're just a goat like Buhari. I will have no qualms sharing kenya problems and success.

But you don't share Kenyan problems here. We tell you.

Tell me one novel problem that you've discovered about kenya that I didnt know, that I denied, that I didnt acknowedge and that I didnt explain to your satisfaction.

In short you're just a typical zoogeria without any morals or compunction. An animal.

GeneralDae:

But you don't share Kenyan problems here. We tell you.

rvp20182:
Nobody trust Nigeria GDP figures. Focus on gov revenues. That is what pay taxes. Not GDP. GDP is just a random guesttimate of the size of your economy. It's not money in some bank.
And kenya debt is now close to 85B dollars.
Our economy is close to 120B.
Debt ratio is 65% or about.
But we have no problem - as we will simply outgrow it - gdp is growing at 5% - and our tax revenues by more than 10%.

Nobody trusts Kenya's GDP figures. It's less than $100bn. Yet your debt is close to $100bn already and growing. This is why you are at the mercy of imf. The imf will force you to reduce salaries and remove all forms of subsidies. By the time they're finished with you, your people will be on the street rioting as it's already happening.
Finally you are going to either default or go on your knees to your creditors. Kenya is hopeless. I really don't know how you are going to get out of this.

GeneralDae:

But you don't share Kenyan problems here. We tell you.

He is ignorant of most of Kenya's problems. We tell him here then he goes digging and comes back arguing to win cheap arguments.

We went to IMF in 2020 during COVID - with many countries. We are in last review. So which IMF are you talking about. We dont need IMF when we have common sense and Ruto as president.

Ruto will do what IMF could have done - we have debt distress problem - and will fix it in max 2yrs.

We are not going to print our way like a goat Buhari your president. Or wait for IMF to tell us common sense - live within your means. That will leave for Ghana and Zambia.

Obaaderemi2:
Nobody trusts Kenya's GDP figures. It's less than $100bn. Yet your debt is close to $100bn already and growing. This is why you are at the mercy of imf. The imf will force you to reduce salaries and remove all forms of subsidies. By the time they're finished with you, your people will be on the street rioting as it's already happening.
Finally you are going to either default or go on your knees to your creditors. Kenya is hopeless. I really don't know how you are going to get out of this.

I wish you spend time understanding what ails your country. A zoo. Kenya is one progressive country - a beacon of hope for Africa.

Obaaderemi2:
He is ignorant of most of Kenya's problems. We tell him here then he goes digging and comes back arguing to win cheap arguments.

German Chancellor in Kenya - Ruto left him to go to UK - as he tours geothermal power. Kenya has committed to move 100% green energy - we have stopped all oil and coal exploration. Kenya instead will seek to benefit from trillion of dollars in green funding and climate financing.

President @WilliamsRuto
: "Our grid is 92% green, and our commitment is to achieve 100% green energy by 2030. While our current grid is 3 Gigawatts, the potential is huge, and our ambition is to make a quantum leap to 100 Gigawatts by 2040. Germany has been a steadfast partner in our renewable energy journey, and I express my appreciation for their re-affirmed commitment towards increasing the capacity of the Olkaria Geothermal Station."
~Kenya-German Press briefing, State House, Nairobi.

Shaytun:


😂😂😭😭😭

He’s basically admitting Kenya is a failed state.😂

in a casual way

Kenya - Mombasa port - one of Africa most efficient port - a dream in West Africa backwaters. Most of containers evacuate and within 24hrs are in Nairobi or Naivasha inland port.

In meantime in Nigeria TinCan or Apapa - trucks disappears for a month in potholes - and reappears in their destination in 2 months if ever.


https://www.youtube.com/watch?v=OTLwddbNX0E

rvp20182:
Tell me one novel problem that you've discovered about kenya that I didnt know, that I denied, that I didnt acknowedge and that I didnt explain to your satisfaction.

In short you're just a typical zoogeria without any morals or compunction. An animal.

Clown.

AfriqueDuZuid:


You have capacity to produce hundred thousand but you produce only 6000

I understand you have a reading problem.

Do you have evidence we do only 6000?

AfriqueDuZuid:


Ghana produce less than 6000 cars annually,

the source is untrusted. It is a third party

I dont think there is still any dispute that Nairobi is now officially the Africa capital

https://www.youtube.com/watch?v=90WIvwRzlZI

vaxx:
the source is untrusted. It is a third party

😄

MF Chief Kristalina Georgieva confident about Kenya:

"Countries that are at the point of needing debt restructuring are still a relatively small group. Kenya is definitely not among them. We think Kenya is a case of innocent bystander. It has been hit by external shocks. We do not see Kenya facing difficulties to serve the $2B next year"

rvp20182:
It's temporary solution to big problem in employment...hopefully they will be back in a decade. If we become hopeless like Nigeria they will never comeback.If we improve the situation they will comeback.

You are a fool,you are loosing skilled individuals to Europe and you are trying to exalt it. You should be crying for your zoo old guy

Last I checked South Africa did 500k; Morroco was close with 300k; Egypt was 3rd with 80k; Nigeria 20K; Kenya 15k: Ghana 5k; something like that.

vaxx:
I understand you have a reading problem.

Do you have evidence we do only 6000?

They are already lost in frustration, depression, crime and poverty due to lack of formal fulfilling jobs.
Kenya has to be realistic - we cannot generate enough jobs - for now.
In near future we will - once we are able to ramp up savings and investments - which build & expand factories, firms, companies, etc.
Then our diaspora will be attracted to comeback home.

When can kenya realistic take off. Most data suggest 2030. For now we are still laying the foundation.

Once the economy hit take off - it will quickly generate millions of jobs - just like developed countries.

samorobo:

You are a fool,you are loosing skilled individuals to Europe and you are trying to exalt it. You should be crying for your zoo old guy