madridguy:
Good development.

Happy new year Sai Baba

Happy new year Sarrki/hadura29

Happy new year APC world wide

Happy new year Nigeria.

@happy new year apc ",
tomorrow you go come with your lie lie talk say you no dey support party but credible people.
You see your life.
Lol

LionDeLeo:
The shuku alawadas will soon come up some jugunu analysis to justify the catastrophe of the most disastrous prodigal president Nigeria has ever had since pre-colonial era in person of his Royal Cluelessness, gej.

It's 2018 and you still have mental problems

It's obvious by 2019 you will be mad

Na to ignore them sure pass.

Nnamdiojukwu:
Bro,becareful very soon they will be here to demand for your head,i nean those that pray day and night to see this administration crumble.

GavelSlam:

All the crap in my bum is better than what you have in your head.
Happy New year.

Savagery

[quote author=GavelSlam post=63783721]

When you see something good applaud it.

The USA is perhaps the largest debtor nation so what are you on about?[/quote perhaps we are not USA neither do they have a dead old man as president that employ fellow dead men as his Aides

Get your fact right bro. I be APC both front and back.

Mavrick2012:
@happy new year apc ",
tomorrow you go come with your lie lie talk say you no dey support party but credible people.
You see your life.
Lol

Mynd44:
Fell short of projected $40Billion.

Pfffffffff

People who cannot think of good things or do it will NEVER appreciate it from others .

usba:


I am sorry to say most of you don't have critical analysis skills. A lot of people will take a mortgage to buy a house in essence borrowing beyond their immediate capacity to pay, hence loans are take to undertake purchase that are usually beyond your capacity to pay in one sitting but will be paid when spread over a period of time. Nigeria wouldn't need to borrow if Jonathan had saved his 56% portion of the ECA.

what is confusing me is, how has this savings better the life of an average citizen?
Secondly, what are we doing to ensure these savings doesn't become another political noise, because, if another government comes and we hear the money has disappeared, all these Buhari noise turns totally nonsense.

Adminisher:
Jonathan, see your life.

Jona ..? A clueless prodigal fool ! Sai baba forever !

Desyner:
Will a man who has $39B in saving at 0% interest need to borrow $2B at 5% interest. Your critical analysis is tragically flawed.

Attend Economics class, you no gree. you deh jump window. You see the way you are advertising your ignorance in a public forum? Where does one begin to explain to this one o!…?

Mavrick2012:
what is confusing me is, how has this savings better the life of an average citizen?
Secondly, what are we doing to ensure these savings doesn't become another political noise, because, if another government comes and we hear the money has disappeared, all these Buhari noise turns totally nonsense.

Of course ,you would have known how it had better our lives if probably now you are exchanging 1000 naira for $1

anonimi:


Was Jonathan the sole owner of the ECA or was it jointly owned by the federal government with the 36 state governors and 774 LGA chairmen
Why are you showing your ignorance publicly like this?

Do you even understand percentage? Please comprehend first before jumping to defend a the huge disappointment Jonathan turned out to be. FG owned 56% of the money why couldn't they save theirs?

GavelSlam:


All the crap in my bum is better than what you have in your head.

Happy New year.

Hmmm....another professional finisher.

usba:


I am sorry to say most of you don't have critical analysis skills. A lot of people will take a mortgage to buy a house in essence borrowing beyond their immediate capacity to pay, hence loans are take to undertake purchase that are usually beyond your capacity to pay in one sitting but will be paid when spread over a period of time. Nigeria wouldn't need to borrow if Jonathan had saved his 56% portion of the ECA.

Leave them alone .Hate is their problem .The unreasonable ones hate The President .He wouldn't need their useless votes to win the second time !

ChidiAlaigbo:



GBAM!

Those 5% wailing iyanmirin are emotionally disturbed, pity.

This should stop in 2018

by the time he starts paying petrol susidy, we will know how much will be left. jonathan was paying for petrol susidy as well as defending the naira in other for things to be cheaper in the economy. in other words he was subsidizing things for us. But buhari has done the opposite so far.

How does the figure affect the poor who have nothing to eat? Will those figures put food on their tables?

Pls I need a good economist is the house to explain how and why this increase in foreign reserve /low import is not translating to a appreciation of value of the naira to a dollar. I think corruption is at its lowest point, import have drastically reduced, we have a better balance of trade we should be looking at our $1 to N200 .pls I, m a novice so just explain. Thanks

usba:
Do you even understand percentage? Please comprehend first before jumping to defend a the huge disappointment Jonathan turned out to be. FG owned 56% of the money why couldn't they save theirs?

You don't save yours in a JOINT account. That is not how it works.
You are the one who does not understand and need to check yourself.


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life2017:


Is this your response sensible? Just a question not an insult? $40bn projected (Prediction/estimate) $39bn achieved. Is that not within margin of error in estimation?

you guys aren't getting it right, it says by end of 2018 and USD39b this was achieved by Dec 2017.

waveman2:
Pls I need a good economist is the house to explain how and why this increase in foreign reserve /low import is not translating to a appreciation of value of the naira to a dollar. I think corruption is at its lowest point, import have drastically reduced, we have a better balance of trade we should be looking at our $1 to N200 .pls I, m a novice so just explain. Thanks

It's due to the fixed exchange rate system Nigeria operates as opposed to a floating exchange rate system determined by supply and demand of fx in the market.
If we had a floating system, the naira would probably gain a little against the USD when we have better fx inflows and reserves. But with a fixed system, the naira falls in bad times and doesn't rise in the good times from historical charts.

anonimi:


You don't save yours in a JOINT account. That is not how it works.
You are the one who does not understand and need to check yourself.


www.nairaland.com/attachments/2578022_iweala_jpeg0858fd35c7757170d8155dae6623e1c2

There is really nothing to understand governors wanted their share he gave them their share did also insist he spends his own FG? The fact you people insist on defending the senseless action of Jonathan who didn't care much about your future is clearly a sad evidence of how poverty has destroyed many youths.

waveman2:
Pls I need a good economist is the house to explain how and why this increase in foreign reserve /low import is not translating to a appreciation of value of the naira to a dollar. I think corruption is at its lowest point, import have drastically reduced, we have a better balance of trade we should be looking at our $1 to N200 .pls I, m a novice so just explain. Thanks

You think
Corruption is at its highest, bro. Don't be fooled.
Under PDP, many of its own ministers and governors were prosecuted in court by EFCC. Under barawo bubu and his 40 thieves cabal presidency of the All Poverty Congress, APC they protect their own party people hence even those PDP crooks under investigation switch to APC and they are saved, born-to-gain progreTHIEVES. People like Sylva whose 48 seized mansions were returned by EFCC
The corruption under barawo bubu is massive sharing of money and transfer out of the country hence we are in recession, no jobs and exchange rate remains high despite their stories of recovered loot, TSA, no fuel subsidy etc.
Barawo bubu is the worst rogue to ever rule ruin our country.


www.nairaland.com/attachments/3088738_img20151115154440_jpeg8f611b6c9cc8cd0928a56ef1049ea06d

Why is no one asking why we are in recession despite budgets as follows:

2015 - N4.5 trillion
2015 - N2.1 trillion supplementary requested / N575 billion approved
2016 - N6.06 trillion
2017 - N7.3 trillion


Sources: http://www.reuters.com/article/nigeria-budget-idUSL5N0YB49M20150520
http://dailypost.ng/2015/11/18/buhari-seeks-n2-1trn-supplementary-budget-for-2015/
http://www.vanguardngr.com/2015/12/senate-approves-n575bn-supplementary-budget-for-buhari/
http://www.vanguardngr.com/2016/05/buhari-signs-n6-06trn-2016-budget-change/

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Desyner:
Will a man who has $39B in saving at 0% interest need to borrow $2B at 5% interest. Your critical analysis is tragically flawed.

Pls stop dis gracing yourself and Google what a foreign reserve means on the internet.

No wonder there are so many unemployable graduates in the country

olujastro:
It's due to the fixed exchange rate system Nigeria operates as opposed to a floating exchange rate system determined by supply and demand of fx in the market.
If we had a floating system, the naira would probably gain a little against the USD when we have better fx inflows and reserves. But with a fixed system, the naira falls in bad times and doesn't rise in the good times from historical charts.

How did the naira rise from almost N500 to N365?
How come we have five different exchange rates in one country under vision-less barawo bubu?
We are not in a fixed exchange rate system, sir.

Emir of Kano criticises Buhari over exchange rate policies

- Emir of Kano, Lamido Sanusi has accused President Muhammadu Buhari of encouraging corruption with his exchange rate policies
- Sanusi said the president’s anti-corruption stance was totally inconsistent with the foreign exchange regime he supported
- Sanusi is a former governor of the Central Bank of Nigeria (CBN), and has been consistent in his contributions to the polity especially as regards the Nigerian economy

Emir of Kano and former central bank governor, Lamido Sanusi has accused President Muhammadu Buhari of encouraging corruption with his exchange rate policies.

Read more: https://www.naija.ng/723214-emir-kano-criticises-president-buhari-exchange-rate-policies.html#723214

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www.nairaland.com/attachments/4780865_img20170115wa0000_jpeg1d8e7567925b3c58ce06da5797c6a05a

waveman2:
Pls I need a good economist is the house to explain how and why this increase in foreign reserve /low import is not translating to a appreciation of value of the naira to a dollar. I think corruption is at its lowest point, import have drastically reduced, we have a better balance of trade we should be looking at our $1 to N200 .pls I, m a novice so just explain. Thanks

no need to allow anyone confuse you with skewered analysis...


just do a simple research...


Russia has about $450b in reserves...


Iran has about $135b in reserves...


USA has about $123b in reserves...


now ask yourself these questions...


1. which of the above countries has the better/best economy?


2. which of the above countries has the better infrastructure?



3. which of the above countries would you become a citizen of if you had a choice?


answer the above questions & you will see how the increased reserves is just much ado about little...

ivandragon:
no need to allow anyone confuse you with skewered analysis...

just do a simple research...

Russia has about $450b in reserves...
Iran has about $135b in reserves...
USA has about $123b in reserves...

now ask yourself these questions...

1. which of the above countries has the better/best economy?
2. which of the above countries has the better infrastructure?
3. which of the above countries would you become a citizen of if you had a choice?

answer the above questions & you will see how the increased reserves is just much ado about little...

Much ado about nothing but excite the dumbos whose heads are stuck in the backside hole of barawo bubu and his 40 thieves cabal presidency of the All Poverty Congress, APC.
Undoubtedly, bubu is an economic neophyte as confirmed by his main sponsor, Ebola Owu and as shown by his antecedents.
How can reasonable Nigerians be celebrating growth of external reserves instead of infrastructure, job creation, educational initiatives etc

Former President Olusegun Obasanjo says President Muhammadu Buhari may not do well in economy and foreign affairs, except in military matters.

“Buhari is not a very hot person on the economy and foreign affairs,” Obasanjo said.

The former President stated this on Monday at the third International Conference on African Development Issues — themed, “Driving inclusive and sustainable development in Africa: Models, methods and policies” — organised by Covenant University, Ota, Ogun State.

While reacting to a question posed to him by a member of the audience: “Is there any hope for Nigeria under the administration of President Muhammadu Buhari?”, Obasanjo replied, “Is there any hope for Nigeria under this administration? I came back from Geneva, Switzerland a few days ago to attend a conference titled, ‘Are elections giving democracy a bad name?’ We had an election, we elected a leader and the good thing about democracy is that the power you have to elect a leader is also the power you have to remove him. I am saying this because I said earlier that if you don’t see any leader that has done well in the 56 years of Nigeria’s independence, then let us forget about Nigeria.

“I will tell you what I know and I will tell you what I don’t know. I know Gen. Muhammadu Buhari. He served under me in the military. His characteristics that I know, his behaviour that I know, he has not deviated from them. He was never a perfect man, he is not a perfect man and no leader can ever be a perfect man because they are human beings. But if you read my book, what I said about him is correct. He is not a hot person when it comes to economy. He is not a very hot person when it comes to foreign affairs. But he will do well in matters of military and he will do well in fighting Boko Haram.”


http://www.punchng.com/buhari-not-sound-economy-foreign-affairs-obasanjo/

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obailala:
Foreign reserves and capital funds for infrastructure serve 2 very different purposes; everything isnt elementary logic as you expect. $39bn in the reserves can guarantee Nigeria faster loan approvals at lower interest rates than if we had say $29bn in the reserves; likewise, $49bn will also afford Nigeria more loan approvals at even lower interest rates than what the $39bn could give us.

Once again, external forex reserves and funds for capital projects serve 2 different purposes and shouldn't be compared.

U get time! Pple head block, u dey speak english!


Thats why a lot of them, dont end up as global players! They can barely see beyond their noses!

ChidiAlaigbo:
Of course we are buying fuel cheaper than your people, you want to know why?
Because your people are worse cheats, dishonest, scamming money maniacs. Go and check fuel prices in the backward east.
You will wail tired. Buhari has got my vote in 2019.

Those bold words appropriately describe barawo bubu and the All Poverty Congress, APC as far as subsidies and fuel prices are concerned.


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