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Nairaland Forum / Nairaland / General / Politics / Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office (8406 Views)
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Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by dre11(m): 10:29pm On May 10, 2023 |
The Budget Office of the Federation has said Nigeria now has a “limited borrowing space” due to its poor debt-to-revenue ratio, stressing that “trouble” looms for the country if it exceeds its limits. https://punchng.com/nigerias-borrowing-trouble-imminent-says-budget-office/?amp 3 Likes
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Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by NwaNimo1(m): 10:36pm On May 10, 2023 |
Not according to Senators...... .....they'll find room for more 31 Likes |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by silvoclaira: 10:48pm On May 10, 2023 |
There was no need for this government getting additional loan weeks to its exit. It was better left for the incoming administration to handle it. 16 Likes 3 Shares |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by proeast(m): 10:55pm On May 10, 2023 |
Buhari ruined Nigeria yet some buffoons still want a criminal drug lord to bury the left over. It will never be well with those supporting these criminals! 60 Likes 2 Shares |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by JOemmy(m): 11:46pm On May 10, 2023 |
What did buhari used the #77tr he borrowed to do where are the infrastructure in nigeria to justify such huge borrowings? Am definitely very sure most of that money will definitely be in places like niger republic and other arab countries. 24 Likes |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by Racoon(m): 11:57pm On May 10, 2023 |
Nope! How it was going then; "Senate President Ahmad Lawan has insisted that borrowing is the only way the country can fund its infrastructural needs. Nigeria must continue to borrow to survive –"Nigeria is poor" - Lawan insists on borrowing to fund infrastructure.https://www.thecable.ng/lawan-insists-on-borrowing-to-fund-infrastructure-says-nigeria-is-poor/amp Zainab Ahmed: We Do Not Have Debt Problem, What We Have is Revenue Problem. Nigeria have not reached it borrowing limits......."https://www.google.com/amp/s/www.thisdaylive.com/index.php/2021/11/22/zainab-ahmed-we-do-not-have-debt-problem-what-we-have-is-revenue-problem/amp/ As it is going now when reality is now more clearer than ever before; Nigeria can’t continue borrowing, Lawan sayshttps://www.premiumtimesng.com/news/top-news/561880-why-were-exceeding-borrowing-plan-to-fund-budget-finance-minister.html?tztc=1 5 Likes 1 Share |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by caleboxylic: 12:50am On May 11, 2023 |
dre11: This administration wants to borrow another 800 million dollars 2 weeks to end of their tenure. If Tinubu probes this regime, most of the ministers, DG and head of agencies will go to jail. 11 Likes |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by darkwan: 3:52am On May 11, 2023 |
The PUNCH had observed that the first World Bank loan was acquired in the fiscal year of 1947 .... |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by Fattesticles: 5:55am On May 11, 2023 |
All the sai barbarians are now hiding after their skeleton has destroyed Nigeria. Now it's on ya mandate cocaine addicts Pushing a cocaine sniffing vagabond called Bola Ahmed Tinubu to use Nigeria tax payers money to 27 Likes 1 Share |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by XY23: 7:18am On May 11, 2023 |
dre11: The dryness of this thread should tell you, people know what they're doing. How one can deliberately support evil and wish retrogression on a nation his kit and kin belongs to, beats my imagination. Nigeria needs a reset (a departure from the 'normal'); nothing else can save it. We can keep moving in circles till we go the Zimbabwe way. By then, tribe or religious affiliation won't save anyone; and we would be too divided to collectively devise a solution. When what holds us together (resources) can no longer sustain us, the separation will be swift. 13 Likes 1 Share |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by WorldRichest: 7:28am On May 11, 2023 |
dre11: Another Tinubu's boy. He was Lagos State Commissioner for Budget and Planning throughout Tinubu's administration and also in the first four years of Fashola's administration. Yet, developers say Tinubu hates Igbos. Anyway, where are all the COmmissioners that served under Peter Giringori when he was Anambra governor? I think they have all gone back to their original business, that is drugs trafficking, human trafficking, fake drugs manufacturing, baby factory, e.t.c. Where are Peter Obi's boys? 4 Likes |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by CharleyBright(m): 7:36am On May 11, 2023 |
Both Buhari and the Minister of Humanitarian Affairs should be thrown into jail after this useless tenure. Buhari created the Humanitarian Affairs ministry as a conduit pipe to loot the Nation. He strategically positioned his GF as the head of the ministry to siphon monies. That woman has looted the country to the trenches. A woman that claims she spent billions feeding school children that were in their parents houses during Covid lockdown. Recently Buhari took loan from IMF to fund palliatives to vulnerables after subsidy removal. He has cancelled subsidy removal but the billions he collected as loan has loan has not been returned. Him and his GF in Humanitarian Ministry should be thrown into Kuje prison. Bunch of thieving goons in govt. Awon Ole-buruku 8 Likes |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by slivertongue: 7:43am On May 11, 2023 |
Buhari's borrow borrow make me rich destroyed the economy 1 Like |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by omowolewa: 7:44am On May 11, 2023 |
Was it not budget office that says the borrowings was within limits? 1 Like |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by RepoMan007: 8:33am On May 11, 2023 |
omowolewa:the politically minded kept their jobs by echoing what the thieves in power wanted to hear and at the last minute, blew the whistle. Expect them to retract and say we can borrow more once another set of thieves come on board soon. 2 Likes |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by RepoMan007: 8:36am On May 11, 2023 |
The useless APC progressives have perfected the art of project loan whose repayment enslaves future generations so expect them to go into China and the likes for project loans as a way of recovering the election warchest uses in getting a mandate. |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by Lanretoye(m): 8:45am On May 11, 2023 |
E be like say una dey craze...trouble trouble everyday and una still dey borrow.God go take una family catch cruise one after the other like ekweremadu. 1 Like |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by Elsueno: 8:45am On May 11, 2023 |
The funny thing about this country is, most of these guys on top know d solutions to these problem( Cut the bogus expenditures) but they won't...cause they are used to enjoying free dollars. Ok, put some people who can & willing to work based on thier salaries+ allowances alone without siphoning billions... THEY WON'T! (Cause those kind of people are mostly incorruptible) I hope d next incoming president doesn't put incompetent party loyalists in sensitive position & refuse to replace them despite Thier incompetence sigh 1 Like |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by Femisol(m): 8:45am On May 11, 2023 |
This is the results of the the mismanagements that started in the 60’s. What is the hope of the agile Nigerian youths now, because the population is just too much ? 1 Like |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by MRDEE01: 8:45am On May 11, 2023 |
Why i am afraid for this government of Tinubu coming in is that Tinubu has repeatedly talked about increasing Tax. Imagine earning minimum wage not enough and government is increasing the Tax on the already not enough money. I think the best way to go is cutting the the cost of governance by 80% and not increasing tax. Blocking leakages in inform of corruption in different sectors. If Tinubu starts by increasing Tax and borrowing, he will reduce this country to rumbles in one year. someone should kindly advice baba because I don't trust all these people who were with Buhari and have regrouped to surround him 1 Like |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by sonature1: 8:45am On May 11, 2023 |
Whoever cursed Nigéria with bad leaders should undue it in the interest of the poor Nigerians who bear the brunt of bad leadership! |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by Olach: 8:46am On May 11, 2023 |
Does buhari care |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by juman(m): 8:47am On May 11, 2023 |
Borrow more bigly. Like five billions dollars. To build the badly needed infrastructure. 1 Like |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by theophorus(m): 8:48am On May 11, 2023 |
Abeg, when we start to dey care? Nigerians don't care joor. So far Salaries are being paid. If you think Nigerians care, Research Osun State and come back with facts. |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by reiddecuti: 8:49am On May 11, 2023 |
Better the country sink so that we come to round table to debate on how to run it before rebutting... Buhari really wreak this country and Tinubu will finish it up. Then, let see if average Nigerian will start having common sense and stop breathing from anus. 1 Like |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by sulakishop(m): 8:50am On May 11, 2023 |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by Lionstep: 8:50am On May 11, 2023 |
Ok......they should use the heads of those people that was shouting sai baba 4+ 4 to borrow, they never see anything, buhari is a dami god compare to what is coming . |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by Wawelexy(m): 8:50am On May 11, 2023 |
It's well, las las everyone will be given a Chinese name when they finally take every citizens as ransom for the numerous loans our government is unable to pay back 1 Like |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by Jagabanarmy: 8:52am On May 11, 2023 |
dre11:Shebi the rubbered stamped national assembly was busy approving the loans for Buhari 's government. I don't know why our leaders don't think extensively. He's just creating problem for the incoming government. Just yesterday, his former power minister was arrested by EFCC for fraud amounting to 22billion naira justifying what I have been saying that half of the borrowed money have been embezzled |
Re: Nigeria’s Borrowing: ‘Trouble’ Imminent, Says Budget Office by datola: 8:52am On May 11, 2023 |
This Buahari government lacks sound economic ideas. That's the fact! |
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