Stats: 3,175,955 members, 7,896,060 topics. Date: Sunday, 21 July 2024 at 02:28 AM |
Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) (6379090 Views)
Am I The Only One Whos Tired Of This Kenya Is Ahead Thread / Femi Adesina: "I Don't Lie, No Matter What"; Nigerians React / Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode (2) (3) (4)
(1) (2) (3) ... (7157) (7158) (7159) (7160) (7161) (7162) (7163) ... (9933) (Go Down)
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 11:37am On Apr 19, 2020 |
obaaderemi: $4.6m? |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 11:37am On Apr 19, 2020 |
By the time they realise, Nigeria will be the one selling their Bonds obaaderemi: 3 Likes 1 Share |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 11:38am On Apr 19, 2020 |
And yet we never cashed a coin of 1.6B dollar IMF gave us. The reason - unlike Ghana - we don't and didn't have BOP problems -aka - BANKRUPTCY, Just30: 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 11:39am On Apr 19, 2020 |
rvp20182:you don't even have a million dollars to provide clean water for Nairobians where would you get 250 mil from 2 Likes 1 Share |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 11:40am On Apr 19, 2020 |
rvp20182:and yet you still owe them 30 billion your BOP problem surface every year because of your huge trade deficit 2 Likes 1 Share |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 11:41am On Apr 19, 2020 |
rvp20182:that was just a wish Kenya have exceeded all the threshold of IMF 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 11:42am On Apr 19, 2020 |
Nigerian banks are getting fleeced by Kenyan small banks. As you enter Kenya - a very competitive market where you;ll never see any ROI - Kenyan banks are entering virgin profitable markets like DRC, Ethiopia, Mozambique, etc. Look at Equity for example - The earnings were boosted by its subsidiaries in Uganda, Democratic Republic of Congo, and Rwanda whose combined net profit of Sh3.1 billion represented an 18 per cent increase from the year before obaaderemi: 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 11:44am On Apr 19, 2020 |
And yet they haven't surfaced since 1990s. Have trade surplus is nothing when CEDIS is annually depreciating like Zim dollar or Zambian Kwacha. There lies your problem. You're are not going to fix BOPs problem with a currency that tanks annually. It's a waste of time. Ask Zimbabwe. Ghana best bet is to adopt the ECOWAS currency ![]() Just30: 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by obaaderemi: 11:46am On Apr 19, 2020 |
rvp20182:Are you this dumb? ![]() ![]() And that is why the IMF has forced you to introduce VAT of up to 16% on your people. Just wait, harsher measures are going to be forced on you by the same IMF sooner than you think. 7 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 11:46am On Apr 19, 2020 |
rvp20182:Having a trade surplus is everything The Cedi need to fall in it exchange value because it is too valuable Your trade deficit is why every year you have to borrow from IMF and WB 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by obaaderemi: 11:47am On Apr 19, 2020 |
Just30: ![]() 5 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by obaaderemi: 11:47am On Apr 19, 2020 |
[. 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 11:47am On Apr 19, 2020 |
4yrs and we are doing well - all macro-economics. That shows you we don't need it. In fact it's IMF who came up with that idea. obaaderemi: 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 11:49am On Apr 19, 2020 |
How can it be valuable when you decided to peg it to the dollar. CEDIS before that was like Kwacha or Zim. Use to exchange I think 50,000 cedis for a dollar. You demonetized...and started afresh 10yrs ago...1 cedi 1 dollar ![]() And now it's depreciated 600%.....annually it does like 50% depreciation. IMF are going to be your buddies for the next 100yrs. Just30: 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by obaaderemi: 11:50am On Apr 19, 2020 |
rvp20182:The same Equity that was 29% owned by Nigerians. Oh LA LA , it made the Nigerians so much money when they sold their shares to invest in your oil fields. ![]() 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 11:52am On Apr 19, 2020 |
obaaderemi:We are our Pharmaceutical companies are buying up 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 11:54am On Apr 19, 2020 |
rvp20182:4 yrs and you are worse as your macro econs has gotten bad breaking all IMF thresholds by 200% 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 11:54am On Apr 19, 2020 |
You see Nigerian are congenital daft - so you bought Equity -and sold it to buy TELKOM KENYA ![]() ![]() ![]() obaaderemi: 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 11:55am On Apr 19, 2020 |
And yet were are not under IMF bailout like GHANA. Just30: 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by obaaderemi: 11:55am On Apr 19, 2020 |
rvp20182:Stop lying. You approached the IMF. If you didn't need it you wouldn't be dancing to the IMF tune of introducing VAT on petroleum products. 4 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by obaaderemi: 11:57am On Apr 19, 2020 |
rvp20182:Where did you see Telkom Kenya? ![]() obaaderemi : 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by obaaderemi: 11:58am On Apr 19, 2020 |
Just30: ![]() 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 11:58am On Apr 19, 2020 |
Standby facility is nice to have - for situations like COVID-19 - but we are not desperate like Ghana and we never cashed the previous one. It's just good for market sentiments - so forex dealers are aware our central banks - have 1.5B dollars they can play the market and protect Kshs. In the meantime - how is Naira doing with Oil massacre. Last I checked the black-market rate was inching toward 500 obaaderemi: 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 11:59am On Apr 19, 2020 |
Helios bought Telkom Kenya. If they bought Oil - then they are indeed very daft. OIl is out. Tullow are crying in the toilet now. obaaderemi: 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 11:59am On Apr 19, 2020 |
rvp20182:The fact that we can depreciate our Cedi is a plus for us As our economy becomes more self-reliant Our Import bill keep reducing as we are producing more to serve our economy. A depreciated Cedi makes Ghanaian goods more competitive on our market and foreign good more expensive Thereby creating opportunities for our to invest and make money. ![]() ![]() ![]() |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 12:02pm On Apr 19, 2020 |
You're not China exporting manufactured goods - you're mini-Nigeria selling gold, oil, and aluminium - and maybe cocoa. You cannot increase the export of GOLD by lowering the CEDIS ![]() ![]() ![]() Don't try to run before you can crawl. Start by managing your ever failing CEDIS - a sister to Zambian Kwacha. And IMF monkey might get off your back. Just30: 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 12:02pm On Apr 19, 2020 |
rvp20182:See a bankrupt country like Kenya calling Ghana that has enough money in all it Sovereng wealth funds to Buy a portion of Kenya Sovereignty Bankrupt ![]() ![]() ![]() ![]() Your government can't even affords to pay Tullow just 2 billion dollars. 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 12:03pm On Apr 19, 2020 |
rvp20182:Yet you are the most indebted to IMF and WB in Africa that is really messed up 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 12:04pm On Apr 19, 2020 |
Talk is cheap. But we know who is under IMF bailout. Nothing say bankrupt than to rush to IMF and borrow rapid facility - and extended facility. Btw how is your Eurobond interest? Just30: 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 12:05pm On Apr 19, 2020 |
We already established that Kenya owes IMF 250M - while Ghana owes 1.7B. We can go to World Bank - and check if you want. Just30: 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 12:05pm On Apr 19, 2020 |
rvp20182: You are so desperate seeking debt relief and IMF and WB money because you're so broke The naira is doing fine because Nigeria has also switched to local manufacturers of good 2 Likes 1 Share |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by obaaderemi: 12:07pm On Apr 19, 2020 |
rvp20182:You didn't cash it because you made yourself a debt colony of China. You are borrowed to the eyeballs and the day of reckoning draws nigh. Your foreign reserve is down to an alarming level, your tourism is gone for now, your foreign remittances down, your agriculture output down. You will soon cash that loan. ![]() rvp20182:In the meantime, how are you coping with the locust invasion? I heard this new wave is bigger and the insects are resistant to your chemicals. Plus your government is unprepared. 5 Likes 2 Shares |
(1) (2) (3) ... (7157) (7158) (7159) (7160) (7161) (7162) (7163) ... (9933)
Viewing this topic: 51 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 49 |