NewStats: 3,262,010 , 8,175,867 topics. Date: Saturday, 31 May 2025 at 02:25 PM 6o1f39

Lamba

Sundaymessi:
Paying off our debts in one minute and go about borrowing huge amounts in another second? I don't understand this economics.

Maybe they are doing CBEX in government ni?

Jagaban, a first class ant. No surprises. God bless Nigeria.


-Kiss the truth!

femisplash:


https://leadership.ng/nigerias-debt-has-dropped-by-14bn-under-tinubu-presidency/

Them don come with another lie again.

People wey dey borrow money per second per second?

No be last week or two weeks ago dem borrow some billion dollars?

Lies can never depart from the mouth of APC and their ers.

helinues:
I will repeat again, president Tinubu is yet to borrow any money

Unprecedented from Nigeria president.

https://nairaland.unblockandhide.com/8387619/president-tinubu-yet-borrow-money

Do you actually believe this lie or you are just clowning?

Debt dropping or rising doesn't affect citizens, inflation does. Bring back our fuel prices. Bring back our food prices. In fact, bring back the old prices of everything.

femisplash:
Let's summarize the I financial reengineering under the current istration into key bullet points:

1. Each statistics is backed by hard economic data

2. The fiscal prudency didn't come at the expense of liquidity.

3. There's a major reduction in Nigeria's debt obligations.

4. Nigeria's return to a balance of payment surplus within a year.

5. Investors landscape is shifting positively as a result of reforms boosting portfolio investments - which is a key measure of foreign confidence.

6. There's been a surge in Disapora remittances, thereby signifying a renewed trust in Nigeria's economy.

7. In public sector, states are receiving more resources than ever. FAAC is increasingly reaching an historic highs.

8. There has been no austerity in public sector operations by the current istration so far.

9. In private sector, companies previously plagued by low returns and profitability are strongly rebounding.

10. Ongoing major infrastructural projects is a key to boosting industrial and agriculture sector.

This systematic financial reengineering has equally earned Fitch's rating and IMF validity.


https://nairaland.unblockandhide.com/8403433/imf-nigeria-navigate-global-shocks#135054908

There is no way you are doing this for free, how do you people even do it,

i mean FULL yourselves,

helinues:
I will repeat again, president Tinubu is yet to borrow any money

Unprecedented from Nigeria president.

https://nairaland.unblockandhide.com/8387619/president-tinubu-yet-borrow-money

How come everything Tinubu parade as achievement never exist beyond some A4 paper

Tinubu neva borrow money, naa your papa money Tinubu take fund budget deficit

did you change your dealer

kayperry:



How come everything Tinubu parade as achievement never exist beyond some A4 paper

Tinubu neva borrow money, naa your papa money Tinubu take fund budget deficit

did you change your dealer

I dey tell you...abeg ask am o. If delusion was a person

Nigeria’s debt dropped but Nigerians debt is increasing.

tesseract:
You can all continue to lie to yourselves, it's your right to do so. The economy continues to tank as there is no visible effect of all this lamba on the common man. As for the OP and the author of this , I hope you got your much needed 2k.

Continue to remain common man, na so your children go continue dey shout from generation to generation. The solution to poverty is PRODUCTIVITY not going to university to study worthless courses.

Every country will continue to have THE RICH and THE POOR, its left to you to decide which side you will fall on.

femisplash:


https://leadership.ng/nigerias-debt-has-dropped-by-14bn-under-tinubu-presidency/

Heavy, bald-faced Lie

Our economy often don't follow statistical analysis, it's surprisingly to see how many times JP Morgan, World Bank etc have failed in their predictions.

Investors everywhere only trade based on emotions, psychology, media hype. If we can shut up negativity and keep hyping positive news, forget it, investors will toe that lane. But if we keep washing our dirty linen in the public, investors read the writing on the walls and snail into their shells.

Nigeria's economics is doesn't follow the one we read in the White men's books, it's quite different.

kayperry:



How come everything Tinubu parade as achievement never exist beyond some A4 paper

Tinubu neva borrow money, naa your papa money Tinubu take fund budget deficit

did you change your dealer

Why not read and comprehend

Lies

Sundaymessi:
Paying off our debts in one minute and go about borrowing huge amounts in another second? I don't understand this economics.

How much debt was serviced, how much have been borrowed so far?

Easyincome24:
Our economy often don't follow statistical analysis, it's surprisingly to see how many times JP Morgan, World Bank etc have failed in their predictions.

Investors everywhere only trade based on emotions, psychology, media hype. If we can shut up negativity and keep hyping positive news, forget it, investors will toe that lane. But if we keep washing our dirty linen in the public, investors read the writing on the walls and snail into their shells.

Nigeria's economics is doesn't follow the one we read in the White men's books, it's quite different.

So why are we wasting time and money studying the white man’s books?

femisplash:
Let's summarize the financial reengineering under the current istration into key bullet points:

1. Each statistics is backed by hard economic data

2. The fiscal prudency didn't come at the expense of liquidity.

3. There's a major reduction in Nigeria's debt obligations.

4. Nigeria's return to a balance of payment surplus within a year.

5. Investors landscape is shifting positively as a result of reforms boosting portfolio investments - which is a key measure of foreign confidence.

6. There's been a surge in Disapora remittances, thereby signifying a renewed trust in Nigeria's economy.

7. In public sector, states are receiving more resources than ever. FAAC is increasingly reaching an historic highs.

8. There has been no austerity in public sector operations by the current istration so far.

9. In private sector, companies previously plagued by low returns and profitability are strongly rebounding.

10. Ongoing major infrastructural projects is a key to boosting industrial and agriculture sector.

This systematic financial reengineering has equally earned Fitch's rating and IMF validity.


https://nairaland.unblockandhide.com/8403433/imf-nigeria-navigate-global-shocks#135054908

Where is the hard data here? Y'all are just pathetic

And increased by how many?

---How can this be translated to make life easier for the populace---

femisplash:
Let's summarize the financial reengineering under the current istration into key bullet points:

3. There's a major reduction in Nigeria's debt obligations.

^^^
Another poster disputes this. Respond.

femisplash:
5. Investors landscape is shifting positively as a result of reforms boosting portfolio investments - which is a key measure of foreign confidence.

^^^


'Hot' money will burn you. It may take longer than you expect but it will burn you in the end.

femisplash:
6. There's been a surge in Disapora remittances, thereby signifying a renewed trust in Nigeria's economy.

^^^


Trust? Not necessarily. Trust is a strong word to use. If there are more Nigerians in the diaspora, (since so many of us have jumped ship) then a rise in remittances isn't out of the ordinary. There is a 'captive' market for diaspora remittances, so to speak. The spike in remittances isn't a result of any wizardry (financial or otherwise) by the istration.

femisplash:
7. In public sector, states are receiving more resources than ever. FAAC is increasingly reaching an historic highs.

^^^


So?

What is it in real (after devaluation and inflation)?

Most important: how well has the money been spent? Nigeria failed to meet the MDGs. She is on track to fail to meet SDGs as well. So what are your increased FAAC allocations good for?

femisplash:
8. There has been no austerity in public sector operations by the current istration so far.

^^^


What does this even mean?

femisplash:
9. In private sector, companies previously plagued by low returns and profitability are strongly rebounding.

^^^
You said earlier that the istration's statistics "is backed by hard economic data". Where is the data to back you up? Which companies are you talking about? Listed companies? Unlisted companies? SMEs?

femisplash:
This systematic financial reengineering has equally earned Fitch's rating and IMF validity.

^^^


Nonsense. Again, what does this even mean?

The rating is still 'junk' bond status.

Sundaymessi:
Paying off our debts in one minute and go about borrowing huge amounts in another second? I don't understand this economics.

So you have not heard the term 'Debt consolidation' before?

It is okay to borrow money to pay off old debts ,that may have become due, or it's too expensive.

You can borrow money at 2% over 10yrs , to pay off a debt of 5% over 5yrs.

It is a tool that ants use to consolidate and reduce your debt.

Even the guy that started a thread that Nigerians debt in Naira has increased, shows in that thread that in dollar our debts have decreased by the roughly 14busd in the same period, so kudos to the President and his team, for putting in the work and getting this done

Fantastic news.. kudos to the FG on this!

Focus on security should also be paramount as well

seguno2:


So why are we wasting time and money studying the white man’s books?

Application of education is local based. The white man writes to suits theirs reason why they mention and reference theirs.
We need to derive initiatives from these that we need to write to suit our terrain, market, psychology and culture.
Studying Logistics, Supply Chain Management without understanding how your local based content influences the so-called theories is tantamount to a waste of time and resources.

I have known some academicians already drafting our local contents but it needs to be replicated not just in one field but all.

A Nigerian lay man doesn't need all this long English or long statistics on the government expenditures it less important compared to if he is benefitting from the democracy like I keep saying as a leader you should know the type of people you are working with cause they can spoil ur plan and do the other wise it a heavy responsibility

Only if the haters could see the good works Jagaban is doing, but no, they politicize everything.

Deny him 2nd term and Naija will be back to zeero. E go shock you that the candidates you're trying hard to sell are empty vessels with noise only.

PressMyButton:

After God, na Tinubu 💪 God bless Nigeria

After Tinubu, who?

(Let me guess, Buhari )

It means Nigeria is paying its debt obligation faster than it is borrowing. If the monentum is sustained and our income increases geometrically, Nigeria may be debt free in less than 5 years and have no reason to borrow. Although we don't need to be entirely debt free for a developing nation.

femisplash:

The Presidency has said Nigeria is on a firmer path to economic recovery and prosperity under President Bola Tinubu, citing significant gains in debt reduction, foreign reserves, investor confidence and trade surplus in 2024.

In a detailed update posted online on his X handle yesterday, senior special assistant to the president, Otega Ogra, said the istration listed major achievements recorded within the first full year in office, describing them as a reflection of “strategic leadership, prudent fiscal management and macroeconomic reforms.”

According to Ogra, Nigeria’s total debt stock—covering external and domestic borrowings by the federal government, the 36 states and the FCT declined from $108.2 billion to $94.2 billion as at December 31, 2024.

He further revealed that the istration has successfully cleared all verified foreign exchange backlogs of about $7 billion, while gross external reserves grew from $33.0 billion in 2023 to approximately $40.9 billion by the end of 2024.

Net reserves reportedly rose even more dramatically, from $4.0 billion to $23.3 billion—an increase of over 480 percent.

Nigeria’s Balance of Payments (BOP) also swung from a deficit of $3.34 billion in 2023 to a surplus of $6.83 billion in 2024, attributed to stronger trade performance and increased investor confidence.

Non-oil exports climbed by 24.6% to $7.46 billion, while gas exports surged 48.3% to $8.66 billion.
Ogra said portfolio investment inflows more than doubled to $13.35 billion in 2024, reflecting renewed interest in the Nigerian economy by foreign investors.

“This confidence is driven by President Tinubu’s bold macroeconomic reforms,” he stated.

Nigerians in the diaspora were also commended for their trust in the country, with personal remittances rising by 8.9% to $20.93 billion. Inflows via international money transfer operators reportedly grew by 43.5% to $4.73 billion.

On Nigeria’s debt obligations, Ogra highlighted that the country’s International Monetary Fund (IMF) liabilities were reduced by over 67%, dropping from $2.47 billion in 2023 to $800.23 million by the end of 2024.

“There have been no defaults. Nigeria under President Tinubu is repaying loans, not piling them up,” he noted.


The statement also drew attention to improved FAAC allocations to states, an increase in local and foreign investments across sectors, and ongoing infrastructure development—including 74 road projects across 24 states, the Lagos-Calabar and Sokoto-Badagry highways and the second phase of the Second Niger Bridge.

“President Tinubu is not just repairing the system, he is restructuring it for generations yet unborn,” Ogra added, urging Nigerians and investors to “bet on Nigeria.”

“Prudent management, optimisation and deployment of resources are what you get when you elect a president who understands finance and has done real work globally,” Ogra said with a call to confidence.
https://leadership.ng/nigerias-debt-has-dropped-by-14bn-under-tinubu-presidency/