QMark: By default, Nigeria is in debt. No amount of flashing & factory setting can clean off the debts.

lmkmh....what if they perform security wipe

Sweetlemon:

Yes. Both State and FG should stop their unnecessary borrowing.

Accountability is needed to assess the projects that were financed with borrowed funds too

Tymax:
Are u saying APC is made up of better stock?

Compare what is going on in APC States of Osun, Rivers, Imo, Kano, Lagos, Ogun, Oyo, Kwara among others, and compare what is Obtainable in PDP controlled States of Benue, Cross Rivers, Kogi, Abia, Ebonyi, Bayelsa, Delta, Jigawa among others plus FG.

Nigeria Chose this fate and most will chose it for the next 4 years. Its safr to say everything Nigeria is today, The citizens deserve it. Enjoy Gej, Enjoy your fresh air

The president has not borrowed much so far.

But generally his performance is below average.

We need a real president that can perform very well and perform at higher level.

We need a president that will borrow like hundreds of billion of dollars and spent it sincerely to develop the country.

CFCfan:
Accountability is needed to assess the projects that were financed with borrowed funds too

Definitely.

barcanista: Compare what is going on in APC States of Osun, Rivers, Imo, Kano, Lagos, Ogun, Oyo, Kwara among others, and compare what is Obtainable in PDP controlled States of Benue, Cross Rivers, Kogi, Abia, Ebonyi, Bayelsa, Delta, Jigawa among others plus FG.

Have u forgotten that Tinubu is the overlord of APC?

barcanista: not people but a section of the population. Their numbers can't return him to power. We know them

Ha! Don't be sure o. Dem plenty o!

barcanista: This report has confirmed my earlier position that Jonathan is operating a Government of Fraud. When President Obasanjo came to Power, Nigeria's External debt was $35bn. President Obasanjo successfully cleared the debt and left a Reserve of about $45bn. In contrast Jonathan has depleted the Reserve and has punged us into a huge debt.

Jonathan must be kicked out of power in 2015

What matters most is the debt/GDP ratio which happens to be around 12 percent. That is not a bad situation considering current economic conditions. Besides there's no country in the world that do not have one form of debt. Infact some of the biggest economies around the world have huge debt ratios compared to Nigeria. What the country needs to do is to spend wisely by developing productive sectors of the economy like Agriculture, Manufacturing, Tourism etc.
We must not forget the fact that some states contributed to Nigeria's debt profile by engaging in indiscriminate borrowing in the name of infrastructural development. Most times the funds borrowed where not put to good use, thus ending as a bad debt because the funds mend for the improvement of the economy of these states where completely mismanaged.

thats a cool evidence that black people dont know how to run a nation successfully ..look around you .shiooooooooooooooooo

Idrismusty97: I know of a country that has a $16 trillion debts . That country debt/GDP ratio is around 100%! Ours is just over 12%. Although our governments need to do something so even when we become a 1st world country it wouldn't be base on borrowed wealth.

So we should stockpile until we reach 100% like your unnamed country?

RockMaxi: OK, I hope the N15billion Loan Bauchi State Goverment took to build Homes for Yuguda and Mu’azu is not included here.

dnt deviate jare, na d one wey jona collect na him de mention. tribalist

bushdoc9919:

Oh dear....paucity of thought.

where do u ppl get dis funny pics

yorke1: Atleast we are seeing the evidence of the money/fund in the transformation development agenda programmes of Mr. President. Is not as if the debt is rising without a corresponding increase in infrastructural development and positive transformation in the lives of Nigerians. GEJ is working, Nigeria is developing while haters keep on hating. GEJ till 2019.

oponu

Not surprised at all, with world bank agent heading finance ministry.

deeobserver209:
What matters most is the debt/GDP ratio which happens to be around 12 percent. That is not a bad situation considering current economic conditions. Besides there's no country in the world that do not have one form of debt. Infact some of the biggest economies around the world have huge debt ratios compared to Nigeria. What the country needs to do is to spend wisely by developing productive sectors of the economy like Agriculture, Manufacturing, Tourism etc.
We must not forget the fact that some states contributed to Nigeria's debt profile by engaging in indiscriminate borrowing in the name of infrastructural development. Most times the funds borrowed where not put to good use, thus ending as a bad debt because the funds mend for the improvement of the economy of these states where completely mismanaged.

I don't respond to NOI "paper appraisal". What is the Income Per Capita of Nigeria?

Sweetlemon:

Ha! Don't be sure o. Dem plenty o!

They are only loquacious. Abacha and pro-3rd term of 2005 made louder noise. Forget the rant

This reminds me of General Sani Abacha, he wanted to pay all our debts, they refused. He kept the money for the payment, they said he loot.

What a country...

pamcode: where do u ppl get dis funny pics

Google 'That's none of my business meme generator'' to start.

Have fun.

fresh air

The article tried desperately to paint a picture of doom putting the 2012 debt in billions of dollars and the present one in trillions of naira.

Giving us the present debt GDP ratio while not bothering to provide the previous one for comparison.

A better analysis should have been to provide a percentage increased in debt over the years as well as the change in debt GDP ratio rather than gross debt figures.

barcanista: I don't respond to NOI "paper appraisal". What is the Income Per Capita of Nigeria?

The Per Captita Income should be around $2500 to $2800.

MadCow1: I thought Oby paid up all our debt?!


SO who the fhuck borrowed more money from Loan Sharks?!

I think Obj did through Okonjo Iweala..

I think Jona got it all back through Okonjo Iweala.

So....What Okonjo paid back,Okonjo borrowed back.

bushdoc9919:

Google 'That's none of my business meme generator'' to start.

Have fun.

tanks bro

barcanista: They are only loquacious. Abacha and pro-3rd term of 2005 made louder noise. Forget the rant

Not just on NL ooo dem dey everywhere. My office for instance.

Idrismusty97: I know of a country that has a $16 trillion debts . That country debt/GDP ratio is around 100%! Ours is just over 12%. Although our government need to do something so even when we become a 1st world country it wouldn't be base on borrowed wealth.

Please educate us about the country and let's see if you're making any sense. Thanks in advance.

barcanista: This report has confirmed my earlier position that Jonathan is operating a Government of Fraud. When President Obasanjo came to Power, Nigeria's External debt was $35bn. President Obasanjo successfully cleared the debt and left a Reserve of about $45bn. In contrast Jonathan has depleted the Reserve and has punged us into a huge debt.

Jonathan must be kicked out of power in 2015

And oil prices have been consistently above $100 which wasn't the case in Obj regime. The handwriting on the wall is clear. Sanusi shouted and he was victimized.

benswagtt: does age reli matter?

It does oo,cos if your a Nigerian the debt can cause an economic chores and you know what that means,no job,strike in various institution and organisation in some cases civil war.

PassingShot:

Please educate us about the country and let's see if you're making any sense. Thanks in advance.

Don't you know how to use Google? Just input "$16 trillion debts" in the search box and bamn! You would get all the answers you need. Here i have help you with it;

http://www.google.com/m?q=16+trillion+debt

The ignorant poor sees debt as a death sentence, but the educated affluent sees debt as growing credit rating and opportunity to borrow more and expand.

Idrismusty97: Don't you know how to use Google? Just input "$16 trillion debts" in the search box and bamn! You would get all the answers you need. Here i have help you with it;

http://www.google.com/m?q=16+trillion+debt

So you compare Nigeria with USA? Oya clap for yourself.