Interesting information.

FreeStuffsNG:


https://africa.businessinsider.com/local/markets/10-african-countries-with-the-highest-debts-to-the-imf/m7kg2l8

Tinubu desperately looking for excuse / justification to borrow more money.

FreeStuffsNG:

https://africa.businessinsider.com/local/markets/10-african-countries-with-the-highest-debts-to-the-imf/m7kg2l8

Is it at the exchange rate of May or today’s exchange rate

FreeStuffsNG:
Despite being the largest economy in Africa, we are barely indebted to IMF. This is impressive. I reckon this was the forex support we got from the IMF during the covid 19 pandemic but today our economy is in surplus and our GDP keeps increasing quarter on quarter.

Below is the current data on Nigerian economy, Q3, 2023 as shared by Statisense


✅Q3 2023 GDP growth rate at 2.54%.

✅The Oil Sector had it best growth in Q3 2023 since Q1 2020 when it grew by 5.06%.

✅Improved Oil Production capacity, achieving the best output in Sept at 1.390 mbpd.

✅Achieved Trade surplus of ₦1.89 trillion in Q3 2023 and ₦3.52 trillion in 9months, Exports > Imports.

✅Stock Market performance of +38.1% Year Till Date.

✅FG surpassed its Revenue target of ₦8.283 trillion as at Sept 2023, achieving ₦8.653 trillion, a 4.5% above expectation.

✅Effective tax collection with CIT at +121% of its target and VAT at +11% (2023).

#Statisense
(NBS, OPEC, Budget Office)

https://twitter.com/StatiSense/status/1732148735746900053?t=GDJDpXxhrGJvUFgCmjN4lA&s=1


The naysayers, unpatriotic elements, criminal defamers, cyberbullies and liars will not see these milestones nor benefit from the progress we are making.

Ghana and Egypt no try at all. Ghana is particularly a very bad case given that 56% of her total debt were forgiven around 2002, it's today back in serious debt, economic quagmire and even unable to pay its debt. It's now offering to pay debt with gold and cocoa.

Nigeria is in great,steady, competent and patriotic hands. Dangote Refinery is to start production soon, dry farming to ramp up our wheat, massive electricity projects on going, subsidy off, end to the use of our hard earned forex to defend a USD being overvalued by the street/unpatriotic speculators and a brilliant team headed by President Bola Ahmed Tinubu!

All the enemies of Nigeria ti keran and will lose las las. They always lose.God bless Nigeria for ever! Check my signature for free stuffs!

Why do you always talk about things you do not understand?

Is it a compulsion or just a need to display your ignorance?

MEEVEET:

Are you sure you are ok? Like everything is fine

Was Nigeria not debt free in 2005 ?

There was Never a Time Nigeria was completely Debt Free.

Obasanjo sold that Lie to us all.

The Only time we were Debt Free was actually before the Civil War and shortly after.

The Moment we went to IMF/World Bank/Paris Club we have been swimming in Debts.

FreeStuffsNG:
Despite being the largest economy in Africa, we are barely indebted to IMF. This is impressive. I reckon this was the forex support we got from the IMF during the covid 19 pandemic but today our economy is in surplus and our GDP keeps increasing quarter on quarter.

Below is the current data on Nigerian economy, Q3, 2023 as shared by Statisense


✅Q3 2023 GDP growth rate at 2.54%.

✅The Oil Sector had it best growth in Q3 2023 since Q1 2020 when it grew by 5.06%.

✅Improved Oil Production capacity, achieving the best output in Sept at 1.390 mbpd.

✅Achieved Trade surplus of ₦1.89 trillion in Q3 2023 and ₦3.52 trillion in 9months, Exports > Imports.

✅Stock Market performance of +38.1% Year Till Date.

✅FG surpassed its Revenue target of ₦8.283 trillion as at Sept 2023, achieving ₦8.653 trillion, a 4.5% above expectation.

✅Effective tax collection with CIT at +121% of its target and VAT at +11% (2023).

#Statisense
(NBS, OPEC, Budget Office)

https://twitter.com/StatiSense/status/1732148735746900053?t=GDJDpXxhrGJvUFgCmjN4lA&s=1


The naysayers, unpatriotic elements, criminal defamers, cyberbullies and liars will not see these milestones nor benefit from the progress we are making.

Ghana and Egypt no try at all. Ghana is particularly a very bad case given that 56% of her total debt were forgiven around 2002, it's today back in serious debt, economic quagmire and even unable to pay its debt. It's now offering to pay debt with gold and cocoa.

Nigeria is in great,steady, competent and patriotic hands. Dangote Refinery is to start production soon, dry farming to ramp up our wheat, massive electricity projects on going, subsidy off, end to the use of our hard earned forex to defend a USD being overvalued by the street/unpatriotic speculators and a brilliant team headed by President Bola Ahmed Tinubu!

All the enemies of Nigeria ti keran and will lose las las. They always lose.God bless Nigeria for ever! Check my signature for free stuffs!

So it's only IMF Nigeria is owing, abi?

Your job no easy o.

MEEVEET:

Are you sure you are ok? Like everything is fine

Was Nigeria not debt free in 2005 ?

Help me ask him o.
If any of his propaganda lies is true, then why are Nigerians doing japa to these African countries and European plus American countries

Lanretoye:
nigeria was debt free in 2015?.see your life...when reasonable people are talking,u people will just exhibit how empty your brains are.

Nigeria was debt free in 2005

Apc has done nothing but increase our debt

FreeStuffsNG:
Despite being the largest economy in Africa, we are barely indebted to IMF. This is impressive. I reckon this was the forex support we got from the IMF during the covid 19 pandemic but today our economy is in surplus and our GDP keeps increasing quarter on quarter.

Below is the current data on Nigerian economy, Q3, 2023 as shared by Statisense


✅Q3 2023 GDP growth rate at 2.54%.

✅The Oil Sector had it best growth in Q3 2023 since Q1 2020 when it grew by 5.06%.

✅Improved Oil Production capacity, achieving the best output in Sept at 1.390 mbpd.

✅Achieved Trade surplus of ₦1.89 trillion in Q3 2023 and ₦3.52 trillion in 9months, Exports > Imports.

✅Stock Market performance of +38.1% Year Till Date.

✅FG surpassed its Revenue target of ₦8.283 trillion as at Sept 2023, achieving ₦8.653 trillion, a 4.5% above expectation.

✅Effective tax collection with CIT at +121% of its target and VAT at +11% (2023).

#Statisense
(NBS, OPEC, Budget Office)

https://twitter.com/StatiSense/status/1732148735746900053?t=GDJDpXxhrGJvUFgCmjN4lA&s=1


The naysayers, unpatriotic elements, criminal defamers, cyberbullies and liars will not see these milestones nor benefit from the progress we are making.

Ghana and Egypt no try at all. Ghana is particularly a very bad case given that 56% of her total debt were forgiven around 2002, it's today back in serious debt, economic quagmire and even unable to pay its debt. It's now offering to pay debt with gold and cocoa.

Nigeria is in great,steady, competent and patriotic hands. Dangote Refinery is to start production soon, dry farming to ramp up our wheat, massive electricity projects on going, subsidy off, end to the use of our hard earned forex to defend a USD being overvalued by the street/unpatriotic speculators and a brilliant team headed by President Bola Ahmed Tinubu!

All the enemies of Nigeria ti keran and will lose las las. They always lose.God bless Nigeria for ever! Check my signature for free stuffs!

With all these "growth", why are we still borrowing from multi-lateral institutions?

You were very clever in listing only debt owed IMF, what about World Bank, China, IOC, etc?

Then you were clever enough not to tell us the real value of the unit of currency of the countries you listed to the $. You were not smart enough, please go and redo your fake statistics.

Ozommadu:


You Don go collect your own share of #260million budget for Aso villa animals??

Dey defend hopeless govt on empty stomach

Oops. Below the belt

FreeStuffsNG:
Despite being the largest economy in Africa, we are barely indebted to IMF. This is impressive. I reckon this was the forex support we got from the IMF during the covid 19 pandemic but today our economy is in surplus and our GDP keeps increasing quarter on quarter.

Below is the current data on Nigerian economy, Q3, 2023 as shared by Statisense


✅Q3 2023 GDP growth rate at 2.54%.

✅The Oil Sector had it best growth in Q3 2023 since Q1 2020 when it grew by 5.06%.

✅Improved Oil Production capacity, achieving the best output in Sept at 1.390 mbpd.

✅Achieved Trade surplus of ₦1.89 trillion in Q3 2023 and ₦3.52 trillion in 9months, Exports > Imports.

✅Stock Market performance of +38.1% Year Till Date.

✅FG surpassed its Revenue target of ₦8.283 trillion as at Sept 2023, achieving ₦8.653 trillion, a 4.5% above expectation.

✅Effective tax collection with CIT at +121% of its target and VAT at +11% (2023).

#Statisense
(NBS, OPEC, Budget Office)

https://twitter.com/StatiSense/status/1732148735746900053?t=GDJDpXxhrGJvUFgCmjN4lA&s=1


The naysayers, unpatriotic elements, criminal defamers, cyberbullies and liars will not see these milestones nor benefit from the progress we are making.

Ghana and Egypt no try at all. Ghana is particularly a very bad case given that 56% of her total debt were forgiven around 2002, it's today back in serious debt, economic quagmire and even unable to pay its debt. It's now offering to pay debt with gold and cocoa.

Nigeria is in great,steady, competent and patriotic hands. Dangote Refinery is to start production soon, dry farming to ramp up our wheat, massive electricity projects on going, subsidy off, end to the use of our hard earned forex to defend a USD being overvalued by the street/unpatriotic speculators and a brilliant team headed by President Bola Ahmed Tinubu!

All the enemies of Nigeria ti keran and will lose las las. They always lose.God bless Nigeria for ever! Check my signature for free stuffs!

Bros you dull oh, all the ones that's have been borrowed, can you state any tangible use so far to better the common man.

You and Manabbqvultures dull well well

Jeezuzpick:
So it's only IMF Nigeria is owing, abi?

Your job no easy o.

You na wiseman.
See as you expose the propaganda half truth that he was labouring in vain to sell us.
You do well sir.

Validated:


With all these "growth", why are we still borrowing from multi-lateral institutions?

You were very clever in listing only debt owed IMF, what about World Bank, China, IOC, etc?

Then you were clever enough not to tell us the real value of the unit of currency of the countries you listed to the $. You were not smart enough, please go and redo your fake statistics.

Nigerian entity (FG and State) owes a combine total of 113 billion USD

Our earning from Oil alone is 806 billion NGN sometimes varies to 1trn

Debt to GDP at 38%


.

They have started with thier deception, lies and propaganda again. This paid propagandaist job must really be difficult. . ALWAYS take anything the known paid Agbadoist on this forum post with a pinch of salt cos they are deceptive modafcukas.

They will not tell you that the 1.8billion dollar as shown on that table owed to IMF is NOT the TOTAL debt that Nigeria is owing cos Nigeria Government has borrowed and still borrowing from over 6 countries especially China (Almost 5bn dollars which is over 2.5 times what Nigeria owes IMF), borrowing from World Bank, borrowing from African Development bank etc.. Deception naim go k!ll una.

They will not tell you that as opposed to that 1.8bn shown here as IMF debt, Nigeria is actually indebted by almost 110billion DOLLARS to other lenders..

Don't forget that as at 2005, during Obasanjo's era, Nigeria was debt free.

RenaissanceGuy:
If you're owing Mama Nkechi the sum of N50 and you're the least indebted person to her, but you're owing Mama Funmi N500,000, while your monthly salary is N17, 000, does that change the fact that you're very much in debt??

God bless you richly for this beautiful and simple analogy.

FreeStuffsNG:
Despite being the largest economy in Africa, we are barely indebted to IMF. This is impressive. I reckon this was the forex support we got from the IMF during the covid 19 pandemic but today our economy is in surplus and our GDP keeps increasing quarter on quarter.

All the enemies of Nigeria ti keran and will lose las las. They always lose.God bless Nigeria for ever! Check my signature for free stuffs!

You have the nerve to say we are "barely indebted" with all the massive debts we've accumulated in recent years and months. And you say this is impressive?!

Next, How exactly is our economy in SURPLUS? How?

YOU and people like you that call black and white and vice versa are the TRUE enemies of this country and your words will be unto you as you have said.

Kevinjap:
My country must be there

Yes but not as you think

This type of news is for people who can't think from their left to their right, common sense is not common.

May God bless Tinubu, he has drastically reduced that of Nigeria. Jagaban for life.
Let us all support Good governernce.

FreeStuffsNG:
Despite being the largest economy in Africa, we are barely indebted to IMF. This is impressive.

Is IMF the only lender?

FreeStuffsNG:


https://africa.businessinsider.com/local/markets/10-african-countries-with-the-highest-debts-to-the-imf/m7kg2l8

rede-rede

MEEVEET:

Are you sure you are ok? Like everything is fine

Was Nigeria not debt free in 2005 ?

He is not okay, and I doubt he can ever be. To do his kind of job comes with certain consequences amongst which is that his life will not be okay.

FreeStuffsNG:


https://africa.businessinsider.com/local/markets/10-african-countries-with-the-highest-debts-to-the-imf/m7kg2l8

Some people will almost die because Nigeria is not the highest debtor. I don't know how a sensible human will keep wishing his country bad.

After all, Nigeria is not doing badly as the media and speculators are painting it all we need is transparency at every level and a good maintenance culture

Igahbarr:
Nigeria in distant 6 position? This is an open invitation for Tinubu and APC to borrow more and loot more until Nigeria becomes No. 1 on the list.

We are already paying with 90% of our Forex hence we have reached our limit.

Someone asked if you are okay. Have you answered?

FreeStuffsNG:
Despite being the largest economy in Africa, we are barely indebted to IMF. This is impressive. I reckon this was the forex support we got from the IMF during the covid 19 pandemic but today our economy is in surplus and our GDP keeps increasing quarter on quarter.

Below is the current data on Nigerian economy, Q3, 2023 as shared by Statisense


✅Q3 2023 GDP growth rate at 2.54%.

✅The Oil Sector had it best growth in Q3 2023 since Q1 2020 when it grew by 5.06%.

✅Improved Oil Production capacity, achieving the best output in Sept at 1.390 mbpd.

✅Achieved Trade surplus of ₦1.89 trillion in Q3 2023 and ₦3.52 trillion in 9months, Exports > Imports.

✅Stock Market performance of +38.1% Year Till Date.

✅FG surpassed its Revenue target of ₦8.283 trillion as at Sept 2023, achieving ₦8.653 trillion, a 4.5% above expectation.

✅Effective tax collection with CIT at +121% of its target and VAT at +11% (2023).

#Statisense
(NBS, OPEC, Budget Office)

https://twitter.com/StatiSense/status/1732148735746900053?t=GDJDpXxhrGJvUFgCmjN4lA&s=1


The naysayers, unpatriotic elements, criminal defamers, cyberbullies and liars will not see these milestones nor benefit from the progress we are making.

Ghana and Egypt no try at all. Ghana is particularly a very bad case given that 56% of her total debt were forgiven around 2002, it's today back in serious debt, economic quagmire and even unable to pay its debt. It's now offering to pay debt with gold and cocoa.

Nigeria is in great,steady, competent and patriotic hands. Dangote Refinery is to start production soon, dry farming to ramp up our wheat, massive electricity projects on going, subsidy off, end to the use of our hard earned forex to defend a USD being overvalued by the street/unpatriotic speculators and a brilliant team headed by President Bola Ahmed Tinubu!

All the enemies of Nigeria ti keran and will lose las las. They always lose.God bless Nigeria for ever! Check my signature for free stuffs!

MEEVEET:

Are you sure you are ok? Like everything is fine

Was Nigeria not debt free in 2005 ?

We're not even talking about Chinese loans and others.

Nonsense. Is that meant to encourage Tinubu to go on borrowing spree. What of the monies borrowed from other institutions like World bank, AFDB, Chinese loans etc

Lanretoye:
nigeria was debt free in 2015?.see your life...when reasonable people are talking,u people will just exhibit how empty your brains are.

He said 2005. Let me help him ask "are you sure you are ok?"

MEEVEET:

Are you sure you are ok? Like everything is fine

Was Nigeria not debt free in 2005 ?

No mind the fool. Na Sukanmi. He's an old and useless fool running his mouth due to crumbs from his masters' table.