CAMNEWTON4PRES:

Yes

For your mind, abi?

ba7man: For your mind, abi?

give the fields

The funniest thing is that with all these unnecessary debts, Nigeria is arguably the most capitalist country on the planet - with almost close to zero welfare for its citizens. Yet some clowns are still proposing more cuts. Don't the poor deserve something at all in that country, despite all the resources at its disposal?

Cut the big and utterly useless and corrupt government - and find ways to reduce corruption. And where's all the money going since the country is still as messed up as ever?

MOFUCKERS NEVER LOVED US
YOU AINT KNOW NOW YOU KNOW NOW.

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.

what are you saying?

Nobleval: what are you saying?

That Americans should care about their own debts and sinking economy

CAMNEWTON4PRES:

That Americans should care about their own debts and sinking economy

what's this got to do with America?

SirShymex: The funniest thing is that with all these unnecessary debts, Nigeria is arguably the most capitalist country on the planet - with almost close to zero welfare for its citizens. Yet some clowns are still proposing more cuts. Don't the poor deserve something at all in that country, despite all the resources at its disposal?

Cut the big and utterly useless and corrupt government - and find ways to reduce corruption. And where's all the money going since the country is still as messed up as ever?

My brother God will bless you, all these vulture capitalists who want to unload the problems on the poor, fuel subsidy was about $2bn under Obasanjo and Yar Adua, all of a sudden it is $7bn under Jonathan, what is the landing cost of oil, build refinery they can not, rather they pay themselves huge sums and steal the rest, the debt might be 12.5% of GDP, but, if oil prices fall and our debt falls into the hands of vultures like the guy holding Argentina to ransom, we will hear wen.

barcanista: lolsss I am supporting your position. you are quoting the wrong person, Check your mentions again...


Cheers

my bad

Nobleval: what's this got to do with America?

you asked what he was saying, I just replied sha

SirShymex: The funniest thing is that with all these unnecessary debts, Nigeria is arguably the most capitalist country on the planet - with almost close to zero welfare for its citizens. Yet some clowns are still proposing more cuts. Don't the poor deserve something at all in that country, despite all the resources at its disposal?

Cut the big and utterly useless and corrupt government - and find ways to reduce corruption. And where's all the money going since the country is still as messed up as ever?

Good advice.....but that means lots of jobs lost.(and that loses you votes)

And they put up a STUPID advert on TV saying we should back that waste of a president....How do I back up someone who dosent even know how to back up himself

hercules07:

My brother God will bless you, all these vulture capitalists who want to unload the problems on the poor, fuel subsidy was about $2bn under Obasanjo and Yar Adua, all of a sudden it is $7bn under Jonathan, what is the landing cost of oil, build refinery they can not, rather they pay themselves huge sums and steal the rest, the debt might be 12.5% of GDP, but, if oil prices fall and our debt falls into the hands of vultures like the guy holding Argentina to ransom, we will hear wen.

These vultures messed the Argies up and I think the country has defaulted again - that's like the second time in like 10 years or so. And Argentina used to be the pride of South America(the quintessential South American capitalism). That's how extreme capitalism and creating a bubble everywhere works - give the people false hope, then return to wipe out the middle class and put the economy on a choke-hold. The same with Bill Clinton, and the housing bubble America is yet to recover from, for more than two decades now.

The oil subsidy nonsense is a big fraud and epitomises everything wrong with that country. These folks are all rogues and cowboys, led by an economic hit-woman from Bretton Woods. By the time they're done, they will end up selling the whole country to the highest bidders - to create a bubble.

CAMNEWTON4PRES:

That Americans should care about their own debts and sinking economy

I think America's debts have more to do with unnecessary military spending and adventures, coupled with the banksters and plutocrats - than anything else. Its debt profile started getting out of hand from the Ronald Reagan era...Bill Clinton accelerated it, Dubya doubled it - and Obama destroyed everything.

However, the country still offer its citizens far more than Nigerians can only dream about. The poster-child for capitalism but still with a lot of welfare programmes for the poor and disadvantaged - something Nigeria can't even boast about.

erico2k2:
Have you bothered to check what eh USA owes? you will realise we owe nothing

ehm... so if someone else's situation is worse than your's, you give yourself a pat on the back right, btw the USA you are quoting is in a lot better standing than we would EVER be, good roads, clean, employment, standard of living, electricity, correct strong stable and cheaper network (to browse till mama calls), the list goes on... so pls don't compare...

SirShymex:

These vultures messed the Argies up and I think the country has defaulted again - that's like the second time in like 10 years or so. And Argentina used to be the pride of South America(the quintessential South American capitalism). That's how extreme capitalism and creating a bubble everywhere works - give the people false hope, then return to wipe out the middle class and put the economy on a choke-hold. The same with Bill Clinton, and the housing bubble America is yet to recover from, for more than two decades now.

The oil subsidy nonsense is a big fraud and epitomises everything wrong with that country. These folks are all rogues and cowboys, led by an economic hit-woman from Bretton Woods. By the time they're done, they will end up selling the whole country to the highest bidders - to create a bubble.

Argentina negotiated with over 90% of its bond holders to pay them, the money to pay them is sitting in a bank, these vulture capitalists that bought the bonds at very very cheap rates from the original owners want to make over 300% on those bonds. Nigeria keeps borrowing and people are saying it is 12.5% of GDP, they should ask Argentina the percent of their GDP that was initially borrowed that has ballooned to $200bn. GEJ has been there for over 4 years, PDP almost 16 years not a single refinery, Saudi in the last 4 years built the second largest refinery in the world, in the desert.

Enjoyin myself with a bottle of Orijin while going through the comments.

Teacher: GEJ will win the next election. What tense?
Nairalanders: Future Impossible Tense.

In Sound Sultan's voice:

**Even thief go dey follow shout Ole..
**Who be the thief, Who be the catcher..

SirShymex:

I think America's debts have more to do with unnecessary military spending and adventures, coupled with the banksters and plutocrats - than anything else. Its debt profile started getting out of hand from the Ronald Reagan era...Bill Clinton accelerated it, Dubya doubled it - and Obama destroyed everything.

However, the country still offer its citizens far more than Nigerians can only dream about. The poster-child for capitalism but still with a lot of welfare programmes for the poor and disadvantaged - something Nigeria can't even boast about.

Hey Bro, where have you been? I didn't know you still visit this messed up politics section on Nairaland. Hope you're good, man?

GenBuhari: Abacha reduced external debt by $8bn

and obasanjo paid all the debt.

ba7man: Has PDP being able to provide any of their states with Portable water??

Will u vote for me if I provide u with Portable water?

Mr Portable water.

I dey answer present sir, my Oga @ the top
Yes oh nor be sey I go only vote for you even sef I go mobilise plenty plenty votes for you if you do am for potable water only. Make water dey flow yanfu yanfu for our TAPs dem. Na so we want am oh! Make we come get am for ogbonge correct health plus hygiene and wholesale sanitation for our area dem
E come be like sey EkoIle aka Aresa don go yarn im oga for Alausa House sey this water matter don dey reach palava phase so tey the wayo, TALKative man dey REPEAT im promise of 2020- Year of Water for All Lagosians That is to say five whole years after the Smooth Operator im tenancy agreement go don expire I guess that means for the past over 15 years he and his godfather were literally looking at the gadas (bridges) in Lagos and counting the number of floors on skyscrapers.

Na so dem take us do MUMU finish
As I talk am before na all the 36 governors (to the best of my knowledge) who have been sleeping on duty while the Jonathan&Sambo federal administration has been very busy turning around our moribund fortunes of decades of decay & rot in infrastructure and electricity.

UrbanMystique: really? how old are you?

May be he is 99yrs old and about to RIP so he might just be right.

hercules07:
Argentina negotiated with over 90% of its bond holders to pay them, the money to pay them is sitting in a bank, these vulture capitalists that bought the bonds at very very cheap rates from the original owners want to make over 300% on those bonds. Nigeria keeps borrowing and people are saying it is 12.5% of GDP, they should ask Argentina the percent of their GDP that was initially borrowed that has ballooned to $200bn. GEJ has been there for over 4 years, PDP almost 16 years not a single refinery, Saudi in the last 4 years built the second largest refinery in the world, in the desert.

Sad. I believe a judge in New York just ordered the Argies to pay other bond holders that weren't part of the initial deal. These vultures just destroyed that country.

Nigeria is reminiscent of drunkard Yeltsin's Russia, with oligarchs running the show - with IMF and World Bank auctioning everything to the highest bidders. Substitute "Drunk Yeltsin" with "Fedora GEJ" and "Oligarchs" with "corrupt politicians" - and that's the perfect picture right there. Russia had to default, for the country to get back on track - and it looks like Nigeria is on the same path.

I honestly don't know what's stopping them from building just one functioning refinery. Then you've got the massive gap between the rich and the poor, without any efforts being made to move the poor up into middle class, via efficient programmes. The middle class is the backbone of every economy - they're the ones with the spending power and intellectuals - to develop and keep every country afloat. Yet the middle class in Nigeria, by normal standard, based on population ratio is almost non-existent - and the country is still heavily indebted with useless paper GDP.

Make the oyinbos kukuma kom collect their independence back, we are not worthy of it. Let's go back to slavery......

TonySpike:

Hey Bro, where have you been? I didn't know you still visit this messed up politics section on Nairaland. Hope you're good, man?

Lmao...I'm everywhere.

I just lurk most times in the politics section, laughing my ar.se off at the madness going on there. These guys go hard!

I'm good, bruddah...just working hard and smart like the original black man should.

How are you, anyway?

He never paid the debt. It was a scam check the records whether we were debt free in June 2007 when thief Obasanjo left office?

saxywale:
and obasanjo paid all the debt.

Sweetlemon:

That's not the sad thing. The sad thing is that people still want him there just to satisfy their sentiments.

Dats wat's killin us. Hw can ppl continue 2 folo folo a failin "dealer" cos GEJ is nt a "leader"

This OP na Nigerian with Ghanian sense

SirShymex:

Lmao...I'm everywhere.

I just lurk most times in the politics section, laughing my ar.se off at the madness going on there. These guys go hard!

I'm good, bruddah...just working hard and smart like the original black man should.

How are you, anyway?

Sure, I'm doing fine here. Got any new research as per our old areas of interest?

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.

one of set backs faced by Nigeria , wit ur mindset ds country will not develop, you better face reality.

oboi mtn do well o i just came accroos dis www.casygist.tk i no say una like freebies oya check am

barcanista: It's not about "Borrowing money" its about borrowing money to engage in meaningful and feasible projects and can be paid at agreed time without putting the citizens to untold hard condition. As at today virtually non of our institution is working despite government's propaganda. How do we service the loans? How do we pay back? It means it will be the Nigeria people that will bear the brunt.



BTW: If you are here to argue partisanly, PLEASE I am not interested.

Im not politicaly afiliated so dont worry my arguments are based on facts.The only income we have to pay for everything which is not even enoigh is income from crude Oil.So where do U want the infastructuralal development moni3s to come frm.I major point as stated is I wish for Niveria to uave acces to more loans so we can enduldge in more project.Its all about money management.We need more loans.Have a look at Germany the bivest Expnomy in Europe did you see howmuch they owe?

Toscoas2:
one of set backs faced by Nigeria , wit ur mindset ds country will not develop, you better face reality.

Which reality do you want me to face apart from the reality on ground. Credit should be given to whom it is due. GEJ has done wonderfully well. That's the true story. You are part of those people spoiling this country. You don't see anything good in this country. Typical example of what APC represent.