They don't mean to lie but they have too cos they are ashame of the depletion

shut fired .... Biko someone break it down in layman's language because Oga Buhari still left us with some trillions Naira debt ... If we add that what territory are we in right now .... Waiting for the CBN or DMO to come and fine-tune there talk with Big Grammar.🥶🥶🥶

I was expecting in this article they would mention how NNPC went to borrow from Egyptian Bank last week since they can never go to US OR CHINA anymore.

It’s affecting all of us and the death rate now has increased tremendously as people can no more afford healthcare,housing,food,transportation,even to the smallest necessities of light.

Tax rate has tripled. What else can we say?

I am expecting the RMAFC to review all the salaries of politicians downward to start from.

On the part of the CBN,short term monitary policies like price control through the FG,grant license to companies who want to import ⛽️ and let the prices be competitive. Export wavers to exporters ,reduction in bank lending rate.

On the long term MP,give license to those from China and other countries who want to establish refineries,ban the importation of power plants/generators by providing constant power supply,diversity the economy (going into agriculture,provide enabling environment for investors in the area of security .

Setup a commission that will find a modality of taking revenue accrued from those using social media(freelancers,celebrities,politicians,influencers and content creators) who earn money by their act of involvement in social media and trading in cryptocurrencies. Those in the BDCs are not to be left out,they will remit their taxes accordingly.

Any politician found diverting public funds should be made to be prosecuted instantly. Laws should be enacted to remove immunity from serving politicians.
…

Wow.

Jp morgan no get joy.

I hate this evil party.They are full of lies and deceit

This is fake propaganda

The amount is not sacrosanct

Just mere estimated.

APC....Very incompetent political class that promises but still failing to do as promised.



Wittyness

What other country allows a foreign company to tell them how much foreign reserve they have?
The aeeogance of JP Morgan to believe it knows better than our own CBN.
Nonsense!

Me thinks Tinubu conspiring with jP to loot our reserves.

Tinubu is a virus.

$30.1 billion gone. Naija

I think we should all come together and say a massive thank you to Buhari for this landmark achievement. He ran the reserve down!

richard870:
That means some individuals are richer than Nigeria....it is well

Take 🎙️ loud am again

...Thats if you are not borrowing from that foreign company.

As long you go cap in hand to borrow from them, they would assess your liquidity before loaning you money, so they know how much you have and how much risk you are.

worksmart:
What other country relies on a foreign company to tell them how much foreign reserve they have?

Nonsense!

Jesus o!!

With this kind of reality, I agree there's no essence to Obi trying to reclaim his mandate. The case should be withdrawn. Let him not come and suffer trying to fix a rot he had no hand in.

Our leaders have just been scamming us.

JP please minus the $3 billion they borrowed last week through NNPC. E remain 700m

cursedAbiola:


so Dangote is virtually richer than Nigeria in dollars 😂

It's foreign reserve..... Not all net worth!
How can a man be richer than his nation?
It might sound quite possible in many ways but imagining that, is not too far from being insane

What? Why was APC lieing to Nigerians all this years? Well, let's see how they will come out to defend this!

worksmart:
What other country relies on a foreign company to tell them how much foreign reserve they have?

Nonsense!

Is it local reserve, shey na you na dey put money for there banks ..🤸🤸🤸

Wonderment!!! Looted to the ground.

Buhari really do Nigeria shege. Our foreign reserve had never ever been this low even when Gen Abdulsalam withdrew part of it for hosting Junior World Cup in 1999.

Tinubu get work to do o.

Buhari finished all that he met and never added one kobo.

Op with sensational headline... Many people don't know the difference between Net and Gross...
Gross is 37billion dols
Net is around 3.7billion dollars ...

So many people finding it difficult to read and assimilate... So painful

.

Taylor90:
That was how he claimed he has saved billions on first month of fuel subsidy

Till NLC bursted his butts that he didn’t save shishi

A man synonymous with fake

Person wey hire fake bishops and faked Donald dukes childhood pics as his own

I’m not surprised na una dey surprise

You don resume your daily wailing on nairaland. Trust me, this your new adventure would take a toll on your mental health if care is not taken

Buhari finished Nigeria patapata!

We have a criminal as our president

Smithkafors:
Nawao.

People will leave most important things and be discussing gatherings of corrupt politicians called ministers.

Let’s talk about real deals….Electricity, road, healthcare.

Baba we've been talking about it since thy kingdom come, APC is the worst thing that happened to Nigeria for a century.

mrvitalis:
Aaah aaah no no no

This can't be true na... It can't be true APC cant be this wicked

Tinibu knew this is our reserves and want to fight war? That's would drain more of our reserve?

Who would even give us loans now

please Peter Obi withdraw your case in court...Nigeria is beyond repair if this is true

Emefiele owe this country explanation.