Nigeria will now wish they had focussed on agriculture

Just30:


OH you also know about that..?


In the age of technology, Kenya is busy praying for rains

rvp20182:
If you had borrowed 1B from World Bank - you'd have a point. You borrowed from IMF. That screams we are bankrupt. The rest are details. Tullow oil will not exist next year. Many oil companies are filling bankruptcy. Nigeria as the country is also filling theirs.

there hasn't been any borrowing yet because we have not run out of funds

all our 3 billion dollars is 5 billion dollars is still in tact and we are spending big because we can afford to



the fact that your government cannot pay it creditors is true BANKRUPTCY

The thing with Tullow in Ghana is, the largest part of their fields in Ghana is gas.

Tullow oil will exist even for the next 20 years
Just pay them their money else they will take your government to court in London

You're just an idiot with lot of time in his hand
https://www.ghanabusinessnews.com/2020/04/14/imf-board-approves-1b-covid-19-loan-for-ghana-as-gdp-projected-to-fall-to-1-5/

Just30:
there hasn't been any borrowing yet because we have not run out of funds

all our 3 billion dollars is 5 billion dollars is still in tact and we are spending big because we can afford to



the fact that your government cannot pay it creditors is true BANKRUPTCY

The thing with Tullow in Ghana is, the largest part of their fields in Ghana is gas.

Tullow oil will exist even for the next 20 years
Just pay them their money else they will take your government to court in London

Satellite data say that no cargo flight has taken off from Nairobi in 2 months

rvp20182:
Just because you are in copy-paste lockdown don't think everyone is that dumb.

Here is one anecdotal evidence that our vegetables, flowers and etc are getting flow out.

Cargo planes are still on business....and so are cargo trucks. Airlines are converting the passenger planes to ferry cargo - coz people still need to buy Kenyan vegetables...but have no use of Nigerian oil.

Airlines are fighting to land in Nairobi and offload horticultural products.

“Like all other airlines flying to Kenya, Ethiopian Airlines has a landing permit to load cargo both on passenger and cargo planes. Currently, there are many airlines which are loading cargo on passenger planes out of Kenya,” the airline's management notes.

https://www.businessdailyafrica.com/corporate/companies/Emirates-adds-two-Nairobi-cargo-flights/4003102-5525190-okvuf3z/index.html
https://www.businesstraveller.com/business-travel/2020/04/20/kenya-airways-becomes-cargo-airline-to-stay-afloat/

Satellite data says no cargo airline has taken off from Kenya in 2 months

argue with facts and not articles that have nothing to do with your goods

rvp20182:
Nigeria will now wish they had focussed on agriculture

Just one year agric production in Nigeria is enough to feed the entire Kenya for 3 years

rvp20182:
You're just an idiot with lot of time in his hand
https://www.ghanabusinessnews.com/2020/04/14/imf-board-approves-1b-covid-19-loan-for-ghana-as-gdp-projected-to-fall-to-1-5/

you are just dumb

it is presentation money that is available to us anytime we want to access it

We will take control of it when we need it

for now, we have no need of it

That is the power of having your own money, when cheap money is handed to you you can say hold on to your money for a while

Dream on.

Captain Cathleen Kang’ethe said she was delighted to fly the fresh produce to London.

“I have been with Kenya Airways for 19 years I joined in 2001. The crisis, unfortunately, has brought everything pretty much to a standstill, but we are able to continue with cargo business. I’m happy to be flying the Dreamliner to London carrying agricultural produce and flowers, let’s keep hope alive,” she said.

Just30:
Satellite data say that no cargo flight has taken off from Nairobi in 2 months

Satellite data says no cargo airline has taken off from Kenya in 2 months

argue with facts and not articles that have nothing to do with your goods

It's not a standby facility - it's a rapid facility
https://www.imf.org/en/News/Articles/2020/03/24/pr20102-ghana-requests-rapid-credit-facility-disbursement

Just30:
you are just dumb

it is presentation money that is available to us anytime we want to access it

We will take control of it when we need it

for now, we have no need of it

That is the power of having your own money, when cheap money is handed to you you can say hold on to your money for a while

rvp20182:
Dream on.

Captain Cathleen Kang’ethe said she was delighted to fly the fresh produce to London.

“I have been with Kenya Airways for 19 years I joined in 2001. The crisis, unfortunately, has brought everything pretty much to a standstill, but we are able to continue with cargo business. I’m happy to be flying the Dreamliner to London carrying agricultural produce and flowers, let’s keep hope alive,” she said.

the produce were not flown because flight data says nothing has left your nation

rvp20182:
It's not a standby facility - it's a rapid facility
https://www.imf.org/en/News/Articles/2020/03/24/pr20102-ghana-requests-rapid-credit-facility-disbursement

yes
Ghana asked if IMF 1 trillion dollars will be available to Ghana also

Kenya is facing a debt crisis but government officials don’t seem to know what to do about it. The obvious route is to borrow some more to pay old debts and finance the budget.

An admission by the National Treasury that the government is broke and may be unable to finance this year’s Sh3.02 trillion budget if Senate rejects an increase in the debt ceiling to Sh9 trillion exposed the sad truth.

Experts have raised the red flag that the country cannot take up more debt but from acting National Treasury Cabinet Secretary Ukur Yattani’s admission, we could be too deep in the hole that more debt is what will save us.

More debt on
Kenya

Creditors are afraid to sink more money into Kenya because the country is too far gone

rvp20182:
The latest on oil -37 dollars per barrel. Yes Negative 37 dollars. That is how much oil companies are willing to pay you if you can evacuate their oil.
https://www.bloomberg.com/news/articles/2020-04-19/oil-drops-to-18-year-low-on-global-demand-crunch-storage-woes

In meantime pollution less cities is making Himalayas visible from India and other benefits. The end of oil is nigh.

Its the WT oil not the normal Brent crude

Austine1212:


Its the WT oil not the normal Brent crude

you are wasting your time, Kenyans are dumb

rvp20182:
Again projection. Locust had little if any effect. They came in January - a non-planting season. We got record rains last year - and the rains haven't stopped. Locust affected I think 5 out 47 counties. Zero economic effect.

Kenya we are doing fine. Nigeria you're basically down and out.

At least Ghana still have cocoa, gold and aluminium.

What do you gain from lying? The locust invasion is affecting at least 17 out of your 47 counties and spreading. Your economic growth was revised down because of the locusts and last year's drought.

Right now the rains are your greatest undoing in the fight against the locusts. They are laying eggs and by June July your agriculture will be totally fvcked.

Nigeria on the other hand has steady growth in the agriculture sector.

Just30:




you are wasting your time, Kenyans are dumb

We've told rvp2018 the same thing since yesterday but he is hellbent on holding on to the only straw he has left. Kenyan education is useless.

Just30:
yes
Ghana asked if IMF 1 trillion dollars will be available to Ghana also

Kenya is facing a debt crisis but government officials don’t seem to know what to do about it. The obvious route is to borrow some more to pay old debts and finance the budget.

An admission by the National Treasury that the government is broke and may be unable to finance this year’s Sh3.02 trillion budget if Senate rejects an increase in the debt ceiling to Sh9 trillion exposed the sad truth.

Experts have raised the red flag that the country cannot take up more debt but from acting National Treasury Cabinet Secretary Ukur Yattani’s admission, we could be too deep in the hole that more debt is what will save us.

The loans went into putting up empty skyscrapers and a failed sgr.

Whoever advises the Kenyan government should be flogged.

rvp20182:
Nigeria will now wish they had focussed on agriculture

You need to do the same thing we did with rice with maize in Kenya. You can't be having maize scandals year in year out.

rvp20182:
Rebounded already where is the link. Today it might go -100 dollars.

Sorry to break your heart.
https://www.aljazeera.com/ajimpact/rebound-oil-prices-rise-historic-crash-200421012327158.html

rationalhuman:
India is your trading "PARTNER"?? Must be a joke, Tell me Apart from that Crude, what else you can offer to them? Cassava?? Partnership happens among equal ones (Comparing with India or China etc will not place you among them) .

As a matter of fact Nigeria is the senior partner in the Nigeria India bilateral trade by at least four times.

And we already envisage India not buying our oil in the near future so we are focusing on gas exports to India and other countries. Nigeria can be more of a gas exporter than an oil exporter in future.

India however is the largest exporter to Kenya.
India Kenya bilateral trade is heavily in India's favour.

Just30:




you are wasting your time, Kenyans are dumb

Its not being dumb, when news are reported they give an impression that it's international Brent crude

Thou Brent crude is around $22 making it hard to make profits where the demand is at all time low

Storage running out

obaaderemi:
As a matter of fact Nigeria is the senior partner in the Nigeria India bilateral trade by at least four times.

And we already envisage India not buying our oil in the near future so we are focusing on gas exports to India and other countries. Nigeria can be more of a gas exporter than an oil exporter in future.

Sorry to barge in, in terms of gas Russia has plenty of it, and India being largest gas consumer.

India already buying Russian gas, a pipeline from Russia may be hard for nigeria to sell it to India, due to distance, logistics cost involved in shipping

Don't you think

obaaderemi:
The loans went into putting up empty skyscrapers and a failed sgr.

Whoever advises the Kenyan government should be flogged.

anyway, according to their government

Their GDP is 88 billion dollars (9.5Tr kshs)

The decay of last year has made their economy to shrink

Knowledgeable people have learnt not to just trust the news circle but the dumb kenyans don't known that

Austine1212:


Its not being dumb, when news are reported they give an impression that it's international Brent crude

Thou Brent crude is around $22 making it hard to make profits where the demand is at all time low

Storage running out

CCN (NOt CNN) - With oil prices falling below zero dollars per barrel, it's only a matter of time before Nigeria's debt-ridden government goes bankrupt.

https://www.ccn.com/oil-price-apocalpyse-will-bankrupt-nigeria-africas-richest-nation/

Let even get deeper into this. Nigeria's oil is classified as Bonny Light Crude (it's premium with low sulfur) - but as of yesterday, it was down to 11 dollars without any buyers.

Nigeria is the new Venezuela.

Austine1212:


Its not being dumb, when news are reported they give an impression that it's international Brent crude

Thou Brent crude is around $22 making it hard to make profits where the demand is at all time low

Storage running out

obaaderemi:
We need to export primary school teachers to Little India. I don't want to believe Kenya's basic education is this bad as rvp2018 and jonraid have shown on this thread.

Keep your pidgin teachers in Nigeria. Seriously.

So you just validated the same, You have nothing to offer except Crude. Remove crude from that equation (which is happening anyway) and you are done. India US Trade is even in favor of India so dont bring Kenya to save your argument. Remove oil and Nigeria will be in worse situation. Both Nigeria and Kenya need Machines, High Voltage switch-gears, electric Turbines, Aircraft parts, Critical pharmaceuticals. Refined Petroleum, Chemicals, Automobiles etc. And no you can not easily export gas to India, Adani port India has LNG Gas contract for buying from Qatar and Good luck to compete with Qatari infrastructure, Rates, transit Insurance and most of all Distance of Qatar to Indian Ocean and Qatar`s relations with India. Indian ocean is the waterway of trade and you know where Kenya is situated?

obaaderemi:
As a matter of fact Nigeria is the senior partner in the Nigeria India bilateral trade by at least four times.

And we already envisage India not buying our oil in the near future so we are focusing on gas exports to India and other countries. Nigeria can be more of a gas exporter than an oil exporter in future.

India however is the largest exporter to Kenya.
India Kenya bilateral trade is heavily in India's favour.

rvp20182:
CCN (NOt CNN) - With oil prices falling below zero dollars per barrel, it's only a matter of time before Nigeria's debt-ridden government goes bankrupt.

https://www.ccn.com/oil-price-apocalpyse-will-bankrupt-nigeria-africas-richest-nation/

Nigeria’s benchmark Bonnie Light crude hasn’t hit zero yet. But with millions of barrels sitting unsold, Nigeria may start paying customers to take delivery due to its lack of onshore storage facilities. According to some sources, Nigeria is losing an average of $35 million a day in accruable revenue

NGAIIEEE! Just when I thought they couldn't possibly be MORE EFFED they actually are!

Just30:


Before COVID, companies where already declaring bankruptcy and laying off huge number of staffs.

Covid just compounded the issues and more Kenyans are going to come running to WFP to be able to feed.

Sure...you can't even begin to imagine the massive amount of poor workers that was ruthlessly laid off while their economy supposedly grew by 6%

Austine1212:


Being poor differs from country to country,

We got education, health, world roads, sports facilities, free housing, water, electricity, disability grants, old age grants, children grants, free education,world class universities, world class schools, etc in all spheres of the country

Thats why SA ranks high

Even with that label we still ranks high

Even a poor person will have dignity of owning a house with electricity, water, and running sewage system

Khayelitsha n it's kind are small percent of population, anyway Khayelitsha is half slum

No one request that you talk about the world second worst slum...we are aware of that..

Anyway as I have been saying and still saying those afforementioned things doesn't exist hence your inequalities...you can't rule that singular fact out...there is an obvious reason it exist..

Austine1212:


SA with so called enequality still the best country to be, it's is still the most transparent and report accurate info/stats in africa

Joke of the century

theenchanter:
clown....

Best country to be indeed.

Lol that is why I labelled it a joke...best my ass