Gbogbowa:
Obj really try for Nigeria if not Nigeria will be no where.pls how much has Tinubu save in one Year with subsidy removal

Savings is good but savings without investment stagnates a nation or an individual. You need investment to have capital formation.

SoNature:


Stop saying what you don't know. Nigeria has never crossed $40 billion.

How can Nigeria keep $64 billion in banks and the people will be dying of poverty?

You are not intelligent.

EKONGKING:
Wow India at 645 billion dollars in reserve is a surprise .

India is really marching forward .

You must compare reserve relative to population.

Emu4life:
[/b]
You are not intelligent.

Show your proof that Nigeria once had over $60k. Stop misleading the public.

RenaissanceGuy:
The correct figure is $32b. During Yar'Adua'a tenure, I remember hearing in the news that Nigeria's forex reserve was around $40b+. It's 17 years later and instead of us to be around $80b+, we're now down to $32b+.

Many things must be analysed to find out why.
Your income - oil production and price

Nature of your spending - recurrent or capital. Will it result to good capital formation? The depletion will not be bad if spent on worthy capital expenditure.

Matured obligations that were paid off.

Population factor vis-a-vis productivity.

Etc etc.

NothingDoMe:
Israel has six times the foreign reserves of Nigeria.

Nigerian Palestinians will tell you that it was America that gave Israel the money.

Lol. Bro, do we have nigerian palestinians ?

NothingDoMe:
Israel has six times the foreign reserves of Nigeria.

Nigerian Palestinians will tell you that it was America that gave Israel the money.

USA yesterday announced another 16b dollars for Isreal yesterday, this is not part of over 10b dollars it has already gifted Isreal since the beginning of last October

Emu4life:

During Yar'adua's regime Reserves was $64bn

crass misinformation, the highest the reserve got to under Yar’Adua was 53 billion and was 42billion by the time he died and wud have gotten lower because of the oil crash , Yar’dua was not really better just sentiments .

Brandosky:

Lol. Bro, do we have nigerian palestinians ?

Arewaodustan,BH,ISWAP,ISIS , ALSHABABA axis of evil

Reason why USA is number one and will ways remain number one in GDP the problem other countries use the reseve to solve , them has already have the solution in the means of human resources this people keep taking best brains from every countries on yearly basis for training ,if USA what china to waste all their reserve it does't take them anything to achieve it , that is why china must be very careful with taiwan

adem30:


And was brought down to 25bn under Jonathan within 6yrs

So you all can see that Goatluck Jonaddaft is a useless vagabond

Yeah! i think so but to some extent. As much as i am always in favor of the US always quick to come to Isreal’s aid whenever the need arises, The former should also endeavor to reign in the latter so as to curb its excesses. Imagine after the thousands of Palestinian children killed , Hamas is still holding in to Isreali hostages. Too bad.

NothingDoMe:
It's a learning point. At least now you know that Israel doesn't depend on USA like a parasite.

NOETHNICITY:
USA yesterday announced another 16b dollars for Isreal yesterday, this is not part of over 10b dollars it has already gifted Isreal since the beginning of last October

You replied a cursed idiot

Please let’s share the remaining.

NothingDoMe:
Israel has six times the foreign reserves of Nigeria.

Nigerian Palestinians will tell you that it was America that gave Israel the money.

One way or another, yes it was.

Jorussia:
I have always said that the biggest problem in Nigeria is we have at least 80% of so called educated people who are ignorant and to a large extent illiterate.

Foreign reserve is what this thread is about as you are bringing excess crude account.for your information,obj left $22b as excess crude and about $70b as foreign reserve.how foreign reserve fell from $70b to $28b in a space of 8years is what i commented on.On this issue of excess crude accounts being depleted by Amaechi and his then progressive governors as you claimed,it wasn't true.APC became a party in 2013 and that was when Amaechi joined the party.As at 2013 excess crude accounts was already depleted.The annoyance of the governors across party lines then was that the federal government was withdrawing the money without the knowledge of the states which was true.

The administration of Pmb grew the foreign reserve to $48b around early 2020 before covid 19.the exchange rate was around #300 which around 30% more than what he met it, considering the foreign reserve they met,#300 was a very fair achievement by the then PMB.It was the uncontrolled crude oil theft(I believe state sponsored) from ending of 2021 and the
decision by Pmb cabal to fight anything Tinubu and osibanjo that messed up the economy of this country 2022-2023,and the effect still felt today.

In what world were you living that the exchange rate was N300 to the dollar in 2020?
Or you were camped inside CBN Forex Vaults?

WorldRichest:


So you all can see that Goatluck Jonaddaft is a useless vagabond

It was actually 30 when he left. No need to lie

Check 2015 in the graph below

LadyExcellency:


Because APC Governors led by Amaechi wanted it shared against all pleas by Dr Ngozi Okonjo Iweala. Blame the progressive Governors, not Jonathan. Our Excess Crude Account was jointly opened by States and the Federal Government.

I hope you should know the bone of contention it has nothing to do with foreign reserves. It was excess crude account not foreign reserves

DeepSight:


One way or another, yes it was.

😄😄😄

Yankee101:
Equate population and know why nigeria is close to the bottom

Population that China has way more than we do. And yet China is on top

Moniya4Real:
Yeah! i think so but to some extent. As much as i am always in favor of the US always quick to come to Isreal’s aid whenever the need arises, The former should also endeavor to reign in the latter so as to curb its excesses. Imagine after the thousands of Palestinian children killed , Hamas is still holding in to Isreali hostages. Too bad.

Why not tell the Palestinians to release the hostages? Why do the Palestinians prefer their children to be killed instead of releasing a few hostages?

As a reasonable human being would you go to another man's house, kidnap his kids and hold on to the man kids while your own kids are being slaughtered?

Is this a normal response from a normal human being?

NOETHNICITY:
USA yesterday announced another 16b dollars for Isreal yesterday, this is not part of over 10b dollars it has already gifted Isreal since the beginning of last October

16B for foreign reserves? All for Israel? I read the news o oga. Make we nor dey twist information.

In 2023, Israel's GDP is estimated to be $528 billion, which is 21% higher than the official estimate of $436 billion. The IMF also estimated that Israel's GDP per capita in 2023 was $58,270, which is the 13th highest in the world. The average monthly salary in Israel in 2023 is $3,600, which is a 6.1% increase from 2022.

That's a glance of the Israeli economy. Germany sef money dey there because of the nonsense dem do. Every year them dey remit to Israel.

Brandosky:

Lol. Bro, do we have nigerian palestinians ?

Some have come for me already.

We have Nigerian Russians too....

Of course! everyone knows . But albeit, still doesn’t and will not justify the innocents being brutally murdered on both sides. All boils down to hatred . Even people supporting either sides do so unjustifiably cos of religious interest-Tjis is a given.

NothingDoMe:
Why not tell the Palestinians to release the hostages? Why do the Palestinians prefer their children to be killed instead of releasing a few hostages?

As a reasonable human being would you go to another man's house, kidnap his kids and hold on to the man kids while your own kids are being slaughtered?

Is this a normal response from a normal human being?

NothingDoMe:
Israel has six times the foreign reserves of Nigeria.

Nigerian Palestinians will tell you that it was America that gave Israel the money.

of course it's so. America government just announced aid of more than 20 billions dollars to Israel. Think about that.

Taiwan always representing

EKONGKING:
Wow India at 645 billion dollars in reserve is a surprise .

India is really marching forward .

T
You think say India and Nigeria "Our country" na mate ? ...dey there.

Is it not ironic that the same Okonjo Iweala that preached for high Reserve during Obasanjo's reign was the same one that preached low reserve by borrowing for investment?

Well and fair. We just know who dominated Jonathan's Cabinet. Even Okonjo brother got a contract as consultant to negotiate Paris Debt which Professor Soludo condemned as too expensive.

Since they claimed it was their money and could spend it anyway they wanted, some people thought they were building another country in Europe or America.

In the meanwhile, environmental degradation became worse in Niger Delta under Jonathan.

Only Satan, not God, can save Nigeria.

NothingDoMe:
Israel has six times the foreign reserves of Nigeria.

Nigerian Palestinians will tell you that it was America that gave Israel the money.

Na Iran own tire me
See Iran foreign reserve
That country is going through serious economic downturn & na such country dey talk about war? Hmm

Beverlyjean:
USA not meant to be there ..those guys have the highest... they are the printers of the global currency that's used as the benchmark ... officially is over 200b...unofficially, it runs in multi trillions .... they just gave 4 countries over 100b dols

True

Moniya4Real:
Of course! everyone knows . But albeit, still doesn’t and will not justify the innocents being brutally murdered on both sides. All boils down to hatred . Even people supporting either sides do so unjustifiably cos of religious interest-Tjis is a given.

"Lol. I've asked this question before: "Which sovereign nation accepts 5,000 missiles along with kidnapped citizens and just shakes hands and sings kumbaya"? They declared War and its War that they're seeing.

Tell them to surrender and release the hostages and they'll say No. So Israel should turn a blind eye? Is this a normal response from a normal country?

Give me one Nation that won't invade the Palestinians? Na the Russians abi na the Chinese? Because dem dey form opposition to America?

Kidnap their citizens and fire rockets into their country and give me feedback later.