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Nairaland Forum / Nairaland / General / Politics / FG’s New Borrowings Rise By 278.03% In Six Years (5297 Views)
Peter Obi Cautions FG Against Further Borrowings / Buhari To Reps: I’ll Finance ₦7.4trn Budget Deficit With New Borrowings / Fuel Subsidy: Nigeria Will Pay A Price, Borrowings May Continue – Femi Adesina (2) (3) (4)
FG’s New Borrowings Rise By 278.03% In Six Years by Deltafirstson(m): 3:51am On Apr 04, 2022 |
The Federal Government’s thirst for debts appears to have deepened as new borrowing allocations rose by 278.03 per cent or N4.03tn between 2015 and 2021, The PUNCH has learnt. https://punchng.com/fgs-new-borrowings-rise-by-278-03-in-six-years/
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Re: FG’s New Borrowings Rise By 278.03% In Six Years by HenryThegreat1(m): 3:54am On Apr 04, 2022 |
The borrowing from this present administration is just too much, let truth be told. When sensible people complain, they start singing to our ears 2nd Niger Bridge, Lagos - Ibadan Road well as this administration never started this projects afresh. 31 Likes 3 Shares |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by Sergio101(m): 3:56am On Apr 04, 2022 |
Nothing do us abeg. He who borrow will pay back. Maybe in payback time we gonna sell this kwantri. Let me go and learn Chinese Sef and awaits the nemesis 4 Likes |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by AntiBMC(m): 4:01am On Apr 04, 2022 |
Yet the country is a thousand times worse than it was 6 years ago. Such a terrible disaster 38 Likes 3 Shares |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by nyiamfrank: 4:27am On Apr 04, 2022 |
Eweeeh! |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by Mooh247: 5:11am On Apr 04, 2022 |
Buhari runs the economy like a civil servants without income generation experience or business technical know-how His own is to use Nigerian salary (Crude Oil revenue) to secure heavy loans before Pay day like most Government workers do When the expected salary (Oil revenue) is low or no more coming in (through illegal bunkering, IOC shortchanging us, global oil price drop) we start blaming the Lenders and calling them loan sharks , gbomulelantan , Shoko loan cos we defualted instead of taking responsibility We are still paying for Abuja- Kaduna rail project, yet bandits have vandalised it an incured more debt . 34 Likes 2 Shares |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by dedonfranco(m): 5:16am On Apr 04, 2022 |
Do people still support this Government? 8 Likes 1 Share |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by Racoon(m): 5:30am On Apr 04, 2022 |
Chronic borrowing yet the country is a failed state. So in essence, the mortgaging of this nation into eternal indebtedness is simply because of corruption.The govt and its officials are just cashing out. |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by stonemasonn: 6:04am On Apr 04, 2022 |
Wetin concern Bubu....nah the next president wahala. 1 Like |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by Coolsperm: 6:23am On Apr 04, 2022 |
Buhari is just like Tinubu he does not understand what is happening around him 1 Like |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by Nope666: 9:15am On Apr 04, 2022 |
Buhari is a bad leader |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by chibike69: 9:15am On Apr 04, 2022 |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by Akwamkpuruamu: 9:15am On Apr 04, 2022 |
Buharis doing. Aboki taking almajiri bambiallah to the international level 5 Likes |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by Rastaramsey(m): 9:15am On Apr 04, 2022 |
Buhari wan ruin this country before he commot..... If you wise, you go know say APC no get vision for this country....... Them be scammer including the assistant pastor.... Thunder go fire anybody wey vote for APC... 1 Like |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by Nobody: 9:16am On Apr 04, 2022 |
Reasons why it is happening 1.Oil prices from April 2014 till 8 weeks ago were below sustenance level for this country. So, either we borrow, or we go broke. That's why GEJ borrowed in the last year of his government to pay salaries, and why Buhari is borrowing. 2.Nigeria is spending on subsidies because the income level in Nigeria is too low to allow citizens pay actual value for power services/petrol and other refined products/education services/health services. The money comes from oil and oil alone....and since the oil revenue is not enough for all of us....we borrow. 3.Nigeria does not pay enough in taxes (yes it is true, our tax to gdp ratio is 8.1% up from 5.8% 5 years ago). So, we rely on oil. And since oil prices are 'too low for our size'...we borrow. The solution is simple Vote in a government in 2023...not APC...WHO will 1.Widen the tax bracket, and get more people paying taxes 2.Diversify the economy 3.Remove subsidies on petrol and power and let Nigerians pay the full price, so that we can have money to fix and build refining and generating and transmitting capacity. 4.End corruption. We are not a rich nation, and we are in this mess because APC , PDP , millitary and Nigerians don't want to face reality. P.S Any insults or abuse or rhetorical questions will be dealt with appropriately. If you are angry, it's on you, not me. I am not the government, and I hate APC too. My opinion is mine. 2 Likes |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by ATEAMS: 9:16am On Apr 04, 2022 |
Cheii |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by greatiyk4u(m): 9:16am On Apr 04, 2022 |
Borrow borrow for no reason is too bad ooooo. Truth be told, this govt performed far below expectations |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by rilidan: 9:16am On Apr 04, 2022 |
Buhari don finish us kpatakpata |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by alphaconde(m): 9:16am On Apr 04, 2022 |
make una run that caculation again make we see how much de our individual head last time dem say each of us de own N200,000 e go don reach N700,000 i feel we were destined to suffer like this, because we clearly chose whats happening to us and worse still majority of us wants to continue suffering |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by affable4(m): 9:16am On Apr 04, 2022 |
All I know is that, they wouldn't lend us this money if we didn't hv oil. Las Las, they will strike a deal to lift our oil for good. |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by Kazeem47(m): 9:16am On Apr 04, 2022 |
And they don want us to borrow from those loan sharks.They went and suspend all of them.Very wicked set of people. |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by MathewOG(m): 9:17am On Apr 04, 2022 |
1) ASUU are not demanding for 7 billion dollars 2) Tell me how much import duties you will get from Niger republic that will be of help to us, hope you remember that there must be railway maintenance which you know involves money. You can't just finish a project like that without serving it. 3) You must fight your way out as Christian, gone are the days when mana was falling from heaven and battle is for God was trending, now it is fire for fire. 4) Yes it is high time to have all what you mentioned but not with borrowed money. |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by kenbee(f): 9:17am On Apr 04, 2022 |
This APC government have borrowed away Nigerian Future! But what baffles me much is that, there seems to be no light at the tunnel end, cause the supposed opposition party (PDP) ain't taking their job serious Just birds of same feather |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by Haapaka: 9:17am On Apr 04, 2022 |
Meanwhile, Tilumbu us set to continue the legacy if elected. On Pee Poo Mandate we stand Drug Baron for president 2023 |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by treesun: 9:18am On Apr 04, 2022 |
Deltafirstson: Buhari has done more damage than we can ever imagine! |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by ratiken(m): 9:18am On Apr 04, 2022 |
It does matter who wins the next election, Buhari has wrecked Nigeria almost beyond redemption Actually, Tinubu will be worse than Buhari |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by petsey(m): 9:18am On Apr 04, 2022 |
Keep borrowing until dey take half of Nigeria as refund. Debt everywhere, very soon Nigeria will start borrowing from individuals. What a country |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by Killamo: 9:18am On Apr 04, 2022 |
What a disaster of a government |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by omoredia: 9:19am On Apr 04, 2022 |
I pity this country. We have not learnt anything after 7 years of this apc misrule. #supportomoredia4president |
Re: FG’s New Borrowings Rise By 278.03% In Six Years by SensualMan1(m): 9:19am On Apr 04, 2022 |
And people are campaigning for a greater evil than Buhari in the person of Tilumbu? Oh Nigeria, who had bewitched u? |
Where In Abuja Is This Place (PHOTO) / Crashed Aircraft 'Black-Box' To Be Analysed In Nigeria – AIB / Buhari Is A Liar And Possibly A THIEF.........NNPC
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