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Nairaland Forum / Nairaland / General / Politics / Ganduje Left Over ₦500bn Debt - Kano Government (9106 Views)
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Re: Ganduje Left Over ₦500bn Debt - Kano Government by Chibuzoripob: 7:31pm On Nov 03, 2023 |
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Re: Ganduje Left Over ₦500bn Debt - Kano Government by Truths9ja: 7:32pm On Nov 03, 2023 |
wittywriter:it’s too much
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Re: Ganduje Left Over ₦500bn Debt - Kano Government by SALLYBERRY01(m): 7:38pm On Nov 03, 2023 |
Now the ruling party chairman. |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by MamaletASO: 7:40pm On Nov 03, 2023 |
Go and check his 'Babariga'.. The Dollars are hidden there ![]() ![]() ![]() [font=Lucida Sans Unicode][/font] Chai![img][/img][sub][/sub]
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Re: Ganduje Left Over ₦500bn Debt - Kano Government by Judolisco(m): 7:42pm On Nov 03, 2023 |
Thundafireseun:why e go deny am... Every state 4 naija dey owe.... |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by Thundafireseun: 7:43pm On Nov 03, 2023 |
Judolisco: Just watch and see You will finally call me a prophet He will deny it because there is no moral justification for him to owe that much 1 Like |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by Giftsammy4t: 7:43pm On Nov 03, 2023 |
Hhxh
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Re: Ganduje Left Over ₦500bn Debt - Kano Government by Exceed15: 7:44pm On Nov 03, 2023 |
Dittodat: Get out not everyone is from south My region is well enlightened. |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by Antichristus: 7:48pm On Nov 03, 2023 |
NIGERIANS DESERVE THEIR LEADERS. CURSED NATION. 1 Like |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by Creamz(m): 7:50pm On Nov 03, 2023 |
hybrid77: Because we let them be! If someone continues slapping you without you saying it’s enough. They will most likely continue. That’s what’s happening here |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by Skillsnigeria: 7:50pm On Nov 03, 2023 |
Hmmm |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by ekrizz(m): 7:51pm On Nov 03, 2023 |
casualobserver: Na wa... Bro, are you for real?! |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by CodeTemplar: 8:04pm On Nov 03, 2023 |
Dittodat:and who will repay the debt? Those served by it or those not served? |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by sematec(m): 8:05pm On Nov 03, 2023 |
g |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by Lightorder: 8:06pm On Nov 03, 2023 |
Cruise777:so ná you go pay am ? He should not talk abi ? Don't be silly. Na this "let us move on" mentality keep Nigeria where e dey till today |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by marlow1962(m): 8:09pm On Nov 03, 2023 |
hybrid77:All the suffering tinubu have subjected Lagos residents, do you think he cares about them? As long as everybody is making sacrifices, no problem. Same thing with other politicians, politics of the stomach not politics of development. |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by toprealman: 8:21pm On Nov 03, 2023 |
Vinella:This your scam lifestyle is just pathetic |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by toprealman: 8:23pm On Nov 03, 2023 |
Dittodat:This is why they continue looting! |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by casualobserver: 8:23pm On Nov 03, 2023 |
ekrizz: Very! Let’s say you have money as a state, you did nothing with it, your successor is a thief, he steals all the money….what have you gained for the people? Don’t forget the road that costs 20b 8 years ago that you did not build when you were in office will cost 100b if your successor finally decides to build it today. Therefore it is better for you to have borrowed N20b 8 yrs ago to build that road that will improve your economy and raise your IGR than to find 100b today to build the same road. Today that road will cost 100b. But because you borrowed 20b 8 yrs ago, your debt on that road is less than N20b because you would have started paying it off and you have a road. Either way you will be paying interest on N20b not 100b. Furthermore if you have commited the states finances to servicing a loan to build a road that everybody is benefiting from, then there is less money for your successor to steal if he is a crook. If you didn’t build that road and your successor is a crook, the whole 20b is available for stealing, you have no road and he can enrich himself without doing any work. But if you have borrowed and built a road (I.e you have something to show for the borrowing) he has to work hard to raise revenue if he wants to steal not that you left east money for him to steal and no road for the people. In an inflationary environment that Nigeria is it is always better to borrow for projects as much as possible specifically local currency borrowing because by the time you are paying because your repayments are fixed and in time the currency is devalued so you are not really paying the true value. Simplified example: If you borrowed 5m to buy a car 10 yrs ago and your interest is 10% pa. You likely would have dlfinished paying off the loan by now and you have a car that because of inflation is probably worth even more than the N5m you paid 10 yrs ago. To buy the same car new today you probably need N40-50m. Even if you are still paying off the loan, your interest every year is only n500k but if you were to acquire the same car today, you would have to pay N5m in interest every year or find N40-50m in cash. 1 Like |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by Dittodat: 8:24pm On Nov 03, 2023 |
Exceed15:Yeah, we have heard you. Keep lying to yourself. |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by Dittodat: 8:29pm On Nov 03, 2023 |
CodeTemplar:As long as the debt is used judiciously to serve the need of the people then it's perfectly OK. Do you know how roads and other infrastructures are built even in the US? Most are done via land and debts some are in form of direct loans from banks but most are in form of bonds which are also loans that have to be paid back by the people through the govt over the years. The city of Atlanta, the state of Georgia and many counties are always issuing new binds to finance new capital projects. These bonds will be paid back over the years. The US govt is the most indebted govy on Earth by a very wide margin. No one is even close. |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by itsene: 9:01pm On Nov 03, 2023 |
And you started demolition of buildings. Why all these LIES? |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by CodeTemplar: 9:09pm On Nov 03, 2023 |
Dittodat:you dodged my question. |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by Dittodat: 9:37pm On Nov 03, 2023 |
CodeTemplar:What question did I dodged? The government must pay back thr loan with rhe people's money. Was the loan not secured to provide services to the people. |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by damosade(m): 9:52pm On Nov 03, 2023 |
Do you know that islamically even if their leaders is doing bad the can't wrong him or question him. |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by HNICEARTH: 10:18pm On Nov 03, 2023 |
Cruise777: But alex Otti is IPOB nah, why should you praise him? ![]() Also I think it's ok to owe, afterall APC dont believe in saving money. If you save money, you become like pit obi. And we hate him in APC and tinubu's camp. Abobi comport nah |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by Sirianese: 11:11pm On Nov 03, 2023 |
chisomkachy: Ganduje's thievery is well documented on video |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by MikaSoko(m): 11:25pm On Nov 03, 2023 |
Hmmmmmmmmmm, who will pay this now |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by chaloskyx: 12:13am On Nov 04, 2023 |
thats not bad you too try to break his record and leave 1bn debt Nigerians would understand |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by aylive02(m): 6:08am On Nov 04, 2023 |
Cruise777: |
Re: Ganduje Left Over ₦500bn Debt - Kano Government by JuanDeDios: 6:16am On Nov 04, 2023 |
Thundafireseun:Of course. Stuffed them in his cap. |
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