Re: USA Africa Dialogue Series - Re: Is Nigeria Bankrupt?--- List of Countries by Foreign ReservesRe: Proceeds from sale of national assets to fund 2016 budget — FG - Punch Newspapers

Dr Kassim

Many thanks for this thread. One thing I know that I do not know is the econome"tricks" of our economists. Even there in Uncle Sam's land,there can be no certainty in reference to economic matters. Naija shall rise again...

 

Oladosu A. Afis

Professor of Middle Eastern, North African and Cultural Studies

Department of Arabic and Islamic Studies,

University of Ibadan,

Ibadan, Nigeria.

"The best of princes is he who visits scholars."
- Jalal al-Din Rumi, 13th century Persian Sufi poet

On Monday, September 26, 2016 5:30 PM, Cornelius Hamelberg <corneliushamelberg@gmail.com> wrote:

But for the looters Nigeria would be greater

A conservative estimate :how much has been looted from Nigeria since independence?

https://www.google.com/search?q=how+much+has+been+looted+from+Nigeria+since+independence%3F&oq=how+much+has+been+looted+from+Nigeria+since+independence%3F&aqs=chrome..69i57.3144j0j4&client=ms-android-samsung&sourceid=chrome-mobile&ie=UTF-8
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> On Sep 25, 2016, at 12:06 PM, olakassimmd via NaijaEvent <naija...@googlegroups.com> wrote:
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>  List of Countries by Foreign Reserves
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> https://en.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves
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> Total of Countries: 187
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> # 1--China
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> #19--USA 
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> #27--Canada 
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> #50--Nigeria
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> ---- Original Message ----
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> From: 'Joe Attueyi' via OkonkwoNetworks <okonkwo...@googlegroups.com>
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> Sent: Sun, Sep 25, 2016 12:46 pm
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> Subject: Re: Proceeds from sale of national assets to fund 2016 budget — FG - Punch Newspapers
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> To put it more bluntly--could Nigeria be already bankrupt?
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> Dr Kassim
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> Nigeria is NOT bankrupt ( except maybe in ideas where it matters)
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> 1. As per the CBN our foreign reserves is $25  Billion as at August 2016
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> 2. We still have the technical and operating capacity to produce more than 2 million bopd. 
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> 3. Non oil sector represents more than 70% of our GDP. 
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> Our problems lie elsewhere 
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> Joe
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> Sent from my iPhone
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> On 25 Sep 2016, at 4:53 PM, olakassimmd via NaijaEvent <naija...@googlegroups.com> wrote:
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> Pastor Joe:
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> Selling assets to maintain one's current life style without making
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> adjustments to earn more income or decrease one's annual cost
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> of living is a fast route to inevitable bankruptcy!
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> You asked what would we sell to fund 2017 and 2018?
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> You neglected to mention all other future years!
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> We would not only be spending our children's inheritance
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> we would also be mortgaging their future by the inevitable
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> borrowing that would be needed to fill the budget shortfalls
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> in successive years.
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> To put it more bluntly--could Nigeria be already bankrupt?
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> If this is the case who would pay market price for an item put up for sale
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> by a financially distressed seller when he or she can get it cheaper in a fire sale!
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> Bye,
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> Ola
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> ---- Original Message ----
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> From: 'Joe Attueyi' via OkonkwoNetworks <okonkwo...@googlegroups.com>
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> Subject: Proceeds from sale of national assets to fund 2016 budget — FG - Punch Newspapers
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> Folks,
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> I am surprised this gargantuan decision to sell our assets is not being debated more vigorously by Nigerians.
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> How much are we looking to raise?
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> Which assets are we looking to sell?
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> Why & how is 'sale ' more beneficial than other options?
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> Where are all the recovered billions in stolen loot factored into this budget gap?
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> Btw what will we sell in 2017 & 2018 to fund those budgets?
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> Joe
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> http://punchng.com/proceeds-sale-national-assets-fund-2016-budget-fg/
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> Sent from my iPhone
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>  

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