buezeemeka:
Our country goes no where with this debt.
NOI should be consulted again for the way forward

The same NOI that started the whole rubbish. Nyamuris are too tribalistic

Oduduwa707:
Trillion Dollars? You actually mean Naira.

Poor Journalism... Shows writer doesn't understand the value of currencies.

OP, can you please make a correction to the currency? It can NEVER be in Dollars na...

Even U.S, the world biggest economy doesn't owe that much in Dollars.

you are right. the currency should be NGN.
However, the US does owe over $30 trillion

MANDIPUTIN:


https://www.sunnewsonline.com/4-2-trillion-debt-service-economy-is-in-real-crisis-fg-admits/

Op it's N4.2 trillion and not $4.2 trillion.

Wait a sec...
How much is actually the whole budget that were using this amount to services debt?
Can we just use the money we service debt with on infrastructural development? The pace will be slow but we won't owe nobody.
Except there is something this government is gaining from borrowing, I don't know how difficult this is.
Or am I missing something?

BruncleZuma:


That's not what he was implying but thank you for your contribution.

You don't compare debt in a productive economy to non-productive economy. It is uncalled for.

joyandfaith:


You don't compare debt in a productive economy to non-productive economy. It is uncalled for.

Ogbeni, The poster I quoter was erroneously claiming the US does not have debt as high as $1T and I corrected him.

LollySeaSide:


Osinbajo spoke through the minister of finance and the minister of finance spoke through the permanent secretary.
So who spoke at the event?

A. Osinbajo the Vice President
B. Zainab the finance minister
C. Aliyu the perm sec.

Next time, the permanent secretary should also try to speak through Magaji his personal assistant who will in turn speak through Rukayattu his personal secretary to be able represented by Hameedat the front desk officer.

You yaf killed me with laugh.
Chai! Zoogeria is pathetic!

Oduduwa707:
Trillion Dollars? You actually mean Naira.

Poor Journalism... Shows writer doesn't understand the value of currencies.

OP, can you please make a correction to the currency? It can NEVER be in Dollars na...

Even U.S, the world biggest economy doesn't owe that much in Dollars.

It maybe in $ you never can tell.
Nothing surprises me anymore in this shitty country

Michelle70:
by common man, I mean u are not a politicians.

Ofcourse bro

Still, I think N3,000 is too low for ordinary cititzen

Hahahaha...

We are not serious about development In this country

We love as things are, so make we dey push am like dat

Money I no see this guys carry $4.2 Trillion Debt Service put for ma head. It's well

Bad governance

So the mumu ppl that wrote this still hvnt realize their error of stating dollars instead of Naira

Or this is another deliberate fake news for political gimmicks

dimexy247:
One chance, mumu government, does admittance settle the bills? I have never seen a clueless government as this one. Bunch of shameless fools.
As if they don't know already, is it today the economy just entered crisis?

This crisis is small, just calm down let tinubu assume office we will all cry blood.

Is this figure really correct how can nigeria service her debts with $4t when nigeria don't even earn up to this huge amount yearly?

In brief, let's get set for more taxation.

When Bill Gates adviced you to focus on improving human capacity over infrastructure many of you called him school drop out. Its just simple logic. People create wealth, not infrastructure, not mineral resources. China has a population of over a billion people almost all of them are productive in some way and everyone sees the result

You Monkeys are quick to point out how you have a population of over 200m. Over 3/4 of them are unemployed or broke. Even those who are educated are not equiped with the kind of knowledge that can make them productive in the 21st century.

Wei! Profesor as PA

buygala:
Buhari will handle insecurity


Osibanjo will handle economy





Insecurity and Economy :

BigDawsNet:
wow FG Admits!!

The country haff finish patapatta bii that

God send down a helper

When I say the country is finished somepeople say i am not patriotic. I don't know what they want to hear... No wonder pastors and politicians are hitting it big. Just tell Nigerians what they want to hear and they will give you there money and support.

Example, just say Yorubas and Fulanis are one... and you will get there support

God save us from the clueless leaders

Buhari and his 40 thieves don scatter house

Bubu supporters where una dey? Make una show face and break this down for us with una grammar cos we no too understand oooo,economy in crisis ke? When we have the best presido to ever rule the country.

Rubber Stamp that keep approving loan doesn't know it will be serviced? You approved loan to build railway to another country isn't that stupidity?

Oya, the best way to pay back is for elected and appointed positions to be paid N500000 max and no further allowance.

Oduduwa707:
Trillion Dollars? You actually mean Naira.

Poor Journalism... Shows writer doesn't understand the value of currencies.

OP, can you please make a correction to the currency? It can NEVER be in Dollars na...

Even U.S, the world biggest economy doesn't owe that much in Dollars.

thank you jarre my brother, it's can never be in dollars but in naira, do they even know the equivalent of 4 trillion dollars to naira.

Reference:
People like us no longer speak on these things.
We have said more than enough for too long.
Just enjoy your economy, country and the leaders you chose to put you right where you all deserve.
For the future regrettably speaks of a people who learn nothing so are condemned to continue down the path of tragedy.
Continue dropping names towards 2023 and hailing your oppressors you sell your souls to for a morsel that cannot last the night.

It really is sad bro! They are just name dropping and tribal bashing all day everyday, yet the currency keeps falling and prices keep rising.

They never talk about the problems that affect them, even if it’s to say, how can we increase police response times or how can we improve this or that sector.

All day name dropping dinosaurs like IBB, Tinubu, Atiku and the likes... people we’ve all heard about since we were babies.

Deep down I know some Nigerians don’t even want Nigeria to change. Imagine a Nigeria were you couldn’t even piss on the road, do you think Nigerians would be happy that they can no longer piss on the road?

The foolannni supporter of APC bandits terrorist herdersmen criminals will not write on these thread

MANDIPUTIN:


https://www.sunnewsonline.com/4-2-trillion-debt-service-economy-is-in-real-crisis-fg-admits/

Imagine!!!!

4.2 trillion US dollars just for debt servicing.
Now I see. This is what explains the level of economic hardship in the country. There’s no national planning.
Buhari actually acts before he thinks. The senate president and other senators should have objected to these mindless borrowing. United States as a nation spent 6.82 trillion dollars last year on their annual budget and the biggest chunk of the spending went on defense . If Nigeria a nation with no basic root to modern living services debt to the tune of 4.2 trillion dollars, then Finance minister has no business being in her role, CBN governor should honorably resign and apologize to Nigerians and Mr Buhari should be sent to Guantanamo bay after his tenure. He’s both a financial and real terrorist and Ahmed Lawan should face public execution

Why has China decided to stop funding their projects? Cause they dont see what these monies are used for ?
Almost 8 years in power no refinery is fixed or installed, no serious capital project, they re just stealing money in the name of borrowing.

Who's writing this rubbish na.
How can you say Nigeria is servicing debt with $4.2 trillion ? It's really obvious that the person who wrote this doesn't know the value of money.

samijet:
Op! 4.2 trillion naira please.

It is to show effect nau