sylve11:
@ those complaining, to sin by silence when when you all should protest makes cowards of men and women. Go to the street and protest if you don't like the way things are going.

sweetonugbu:
How much was borrowed since this government came onboard?.

Quincykay:
It's all relative. The issue is not the debt, the issue is that the money borrowed should be used for what is was borrowed for. It's like, there's nothing wrong with taking a bank loan (mortgage) to buy a house, but if you then spend it on vacation and cars... that's a problem. So accountability and fiscal responsibility is the issue. If look HERE you'll see our debt profile is not that bad. You'll need to scroll down..

omowolewa:
Taking debt which doesn't have impact on citizens like $2.1b Dasuki money.

Taxpayers struggling to pay looted debts after Ngozi went begging for forgiveness.

airbrush:



i swear nairaland zombies are not human ! how can a human being thinks like this !!!!

just imagine this logic

Kenturkey048:
17. Trillion

sweetonugbu:
chisos, so obj, yar,adua and gej managed 10 trillion under sixteen years while saint bubu did his in four years

Kenturkey048:
record breaking...don't worry before 2023 it will be 30trillion..

sweetonugbu:
what did they use it to do abeg.

Kenturkey048:
record breaking...don't worry before 2023 it will be 30trillion..I made mistake....its saint bubu borrowed 13.trillion.

Burgerlomo:
Just 50 people or less in that kontiri can pay back that money, anyway it's well

shosky1794:
Our debt to GDP ratio is still one of the lowest in the world. US, Japan and some of the these big western nations have some the highest debt to GDP ratios and they are still borrowing more. We should be well informed before we make comments here

Racoon:
Imagine Nigeria's debt internal/external debt profile today comparable with its GDP and you wonder why its has never made any economic progress under the APC govt.

All they are concerned with is borrowing and enforcement of anti-human taxation policies to shore up revenue just to service debts with less monies for capital project development despite the many lies of improved staggering revenue generation by various agencies of goverment.

To think that these are the same hypocrites who have borrowed more within a short time than any government in histroy with no clear evidence of what these debts were used for shows how hypocritical the APC can be.

All they know is how to continue to mortgage Nigeria into chronic eternal financial indebted-ness without considering the economic implications.

Racoon:
Imagine Nigeria's debt internal/external debt profile today comparable with its GDP and you wonder why its has never made any economic progress under the APC govt.

All they are concerned with is borrowing and enforcement of anti-human taxation policies to shore up revenue just to service debts with less monies for capital project development despite the many lies of improved staggering revenue generation by various agencies of goverment.




By this time next year it will increase to 30trillion...
Let's wait and see....This people don sell this country already walai

To think that these are the same hypocrites who have borrowed more within a short time than any government in histroy with no clear evidence of what these debts were used for shows how hypocritical the APC can be.

All they know is how to continue to mortgage Nigeria into chronic eternal financial indebted-ness without considering the economic implications.

shosky1794:
Our debt to GDP ratio is still one of the lowest in the world. US, Japan and some of the these big western nations have some the highest debt to GDP ratios and they are still borrowing more. We should be well informed before we make comments here

Kenturkey048:
13. Trillion

shosky1794:
Our debt to GDP ratio is still one of the lowest in the world. US, Japan and some of the these big western nations have some the highest debt to GDP ratios and they are still borrowing more. We should be well informed before we make comments here

Sultannayef:


Dear “Economist”,

Debt should be measured by debt repayments to revenue. Debt to GDP is a wrong and misleading measure.

You pay debt not by the size of GDP, but by how much revenues you are getting through tax and non-tax.

If you go by debt repayments to revenue, you will see that Nigeria uses huge resources to service debt, mostly the domestic debt though. This shrinks funds for capital expenditure and public investment and thereby undermines economic development.

bankylan:



You are Olodo. GDP is not a measure of well-being. Comparing a productive country with a very high per capital income with Nigeria isn't brilliant.

To complicate the matter, over 50% of our revenue is being used for debt servicing and a chunk goes to recurrent expenditure; and we have a very high population.

bilulu:

See them bringing out their heads.... when those guys borrow you see what they use it for, the being borrowed what have we been using it for? What is the essence of borrowing? As you compare our debt profile with those guys can you also compare the developmental strides?

shosky1794:
Our debt to GDP ratio is still one of the lowest in the world. US, Japan and some of the these big western nations have some the highest debt to GDP ratios and they are still borrowing more. We should be well informed before we make comments here

shosky1794:


One of the reasons for borrowing in the first place is to improve infrastructures. You can talk about sincerity of purpose but if we need real development, there's no way we will not borrow more

shosky1794:


Now you are being emotional. Why is it that we only want to compare Nigeria to the western countries when it's really convenient for us.

bilulu:

You re the one being emotional because I’m always against we comparing Nigeria to other developed countries one sided. When you copied a country’s anti social media bill you fail to copy their developmental strides, when we compare our boarder closure to that of China we fail to compare what they did when their boarders were close to what we re doing. When you tell us uS is owing then you should compare what US used their loans for and what we have been using ours for..... my brother I’m not attacking you I’m only trying tell fellow Nigerians that if we must compare or copy from another country let’s copy their developmental strides and not the negative side

Stakeholders:

How? 22 - 11 ( trillion) will give you what?