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Nairaland Forum / Nairaland / General / Politics / APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP (17722 Views)
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Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by Ilekeh(f): 9:26pm On May 25, 2015 |
I WAS EXPECTING IT. Compare Lagos' development to other states. The USA is the most indebted country in the world, yet she has something to show for it. It's not like Nigeria that is so indebted, yet it still looks like the old Japan. 2 Likes |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by Nobody: 9:27pm On May 25, 2015 |
Ghen ghen |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by armadeo(m): 9:27pm On May 25, 2015 |
We know we know. Even America knows. |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by Nobody: 9:27pm On May 25, 2015 |
Ghen ghen. |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by omenka(m): 9:28pm On May 25, 2015 |
What has the PDP got to say about the state of the nation?? How did Jonathan meet it? How is he leaving it?? Such jokers. 1 Like |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by tbaba1234: 9:29pm On May 25, 2015 |
You can see the infrastructural development in 8 years. Lagos state has a very good credit rating. Lagos is rated A+ by Agusto and co.... Nigeria is rated Bb... 1 Like 1 Share |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by Nobody: 9:32pm On May 25, 2015 |
brixton:anyone who thinks politicians are sincere needs a brain reset...just watch and see how osibanjo who is both a SAN and a pastor would be lying right left and center...politics can make the good turn really bad... 10 Likes |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by Nobody: 9:33pm On May 25, 2015 |
Genius100:why did osibanjo have to say that?...that is what you should be asking yourself...I guess you know the answer... 4 Likes |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by oduastates: 9:34pm On May 25, 2015 |
Lagos incurs debt to build stuffs in much the same way Nigerian abroad incur debt to buy their houses or furniture. In fact, many use chase credit card to make purchases once in a while even when they have the money just to improve their credit rating. Unless you want to wait until you have enough money to do so when inflation would have made it more expensive. For instance, the money which Peter obi claimed to have saved in anambra state in spite infrastructural challenges, is smaller today than it was last year when he was boasting.That is based on the devaluation of the naira alone. That is before we start talking about the increase in inflation and cost of labour. So whenever any clown talks about lagos debts, I laugh because the lagos state debt management is as good as anywhere on the planet. 1 Like |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by aresa: 9:36pm On May 25, 2015 |
Mr metu the clown, do you mind telling us why you now borrow money to pay federal salaries and why Nigeria is in worse darkness after stealing $20 billion power money. . Thank God we got rid of these clowns. . |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by shammah1(m): 9:41pm On May 25, 2015 |
APC = thieves. Barawo 5 Likes |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by AhmedMustapha(m): 9:42pm On May 25, 2015 |
There is nothing wrong in borrowing but there's everything wrong when you borrow yet carry on like you're never going to pay and that's what the PDP led FG did 1 Like |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by sammhi(m): 9:45pm On May 25, 2015 |
egift:. You are the mumu here..so a country of 170m people with 100$ per barrel is excess...really?? please can you share that amount you called boom for 170m people and see wat it amount to...yet you complain of bad roads, BSD airport. no railway, no power., no dis no dat...those things is it air or breeze you will use yo fix them...the truth is wat they call boom is not even enough..unless you feel we should not develop infrastructure just pay salaries and save the rest...ode 9 Likes 1 Share |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by Nobody: 9:47pm On May 25, 2015 |
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Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by Damikevin(m): 9:47pm On May 25, 2015 |
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Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by muh4lyf(m): 9:51pm On May 25, 2015 |
At least we can see what they borrowed money to do.. The problem is GEJ controlled government borrowed money bt we can't see nor can we feel the impact of the money borrowed... 1 Like |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by Nobody: 9:52pm On May 25, 2015 |
http://www.dmo.gov.ng/ardrnigeriaexternalanddomesticdebt.php Here is what the DMO had to say “By 1985 the debt profile had deteriorated seriously due to persistent inability of the country to meet its external debt service obligations. This resulted in mounting arrears and unmanageable growth of the debt stock relative to available resources. The external debt stock, which was about US$8.855 billion in 1980, grew to nearly US$19 billion by 1985” The question we must ask therefore, which loan did GMB paid for that made Nigeria debt free? If Nigeria wasn't debt free under Buhari, why the lie? 1 Like |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by BabaO2: 9:52pm On May 25, 2015 |
voltron: Impersonator , you are an ardent fan of the two foools. $1b out of $63b for the most populated state in Nigeria is too much? |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by ndcide(m): 9:53pm On May 25, 2015 |
Pastor Osinbajor should watch it! If he feels he can bandy words like Mr lai Mohammed and get away with it, he must be joking. People should advice him to back off, as he is not an everyday politician. If he goes that route, he'll derail big time. Because Nigerians will be pointing out falsehood from his statements. as a pastor, he may have to be clearing the air. he shouldn't forget the Rehand bonkey's picture he posted as kano picture. If a pastor is accused of malicious comments or outright lies, everyday because of politics, sorry that will be disastrous. 4 Likes |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by Laid2001: 9:55pm On May 25, 2015 |
[size=16pt]This PDP guys are born liars!! Total Lagos Debt is still less than $2.5 billion ($1.19billion plus N279 billion).!! Out of $63 billion total. That is less than 5%. And Lagos is about 10% of the Nigerian Population. It means Lagos is owing less than its quota of the debt. The GEJ government is responsible for the bulk of that debt and not the other way round as PDP wants us to believe. PDP IS USELESS[/size] 5 Likes |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by manuroq(m): 9:55pm On May 25, 2015 |
Alright, whats the next step? |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by ohenhen1: 9:59pm On May 25, 2015 |
Yes, but Lagos debt was used to build revenue making infrastructure like the toll road and the blue line rail project. The PDP borrow money to pay salaries and severance packages. The blue line rail project will make the state a lot of money. 2 Likes |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by Young4jose: 10:00pm On May 25, 2015 |
Are U sure dat PDP wil knw hw 2 play Opposition so.....! because I don't c anytin wrong wit what V.P said ooh. |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by PHIPEX(m): 10:03pm On May 25, 2015 |
Mark my word, except for a divine intervention, on 29th of May Osinbajo shall enter Aso Rock a pastor but 4years after he shall exit a politician. I fear for his faith. Any sheep that moves with pigs must learn how to eat its vomit. 3 Likes |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by sleekymag(m): 10:04pm On May 25, 2015 |
utytill:Domestic debt is different from international debt. The domestic debts account for about 85% of the $60billion debts and they were never written off. Only the international debts were written off during Obj/Iweala's first tenure. 6 Likes |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by help3852: 10:05pm On May 25, 2015 |
Let the game being APC teach PDP lessons of life. |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by Nobody: 10:05pm On May 25, 2015 |
egift:HAIL MARY MOTHER OF GOD, PRAY FOR ALL THESE LIARS WHO HAVE TAKEN OVER THE PATH OF THEIR FATHER LIAR MOHAMMED, NOW AND AT THE HOUR OF THEIR DEATH..... AMEN!!! 9 Likes |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by help3852: 10:11pm On May 25, 2015 |
ohenhen1:Just listen to yourself. How many countries do you know that have toll gates on roads. You use tax payers money to build roads and in turn ask them to pay for using the roads, is that not madness. Imagine Nigeria with toll gates everywhere. Fashola claims he uses tax money for developing the state, where is the allocation and and why the debts since He's using Igr for development. Bros you just don't know what you are defending 10 Likes |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by Nobody: 10:12pm On May 25, 2015 |
[size=18pt]The Ooni of Gbese Land aka AregbeRascal can not pay salaries because he has to pay the banks. To make things worse the bank servicing is done at source with FG deducting and paying the banks. [/size] 1 Like |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by hadura29(m): 10:14pm On May 25, 2015 |
Genius100: God bless your wisedom.... |
Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by Nobody: 10:15pm On May 25, 2015 |
Young4jose: Nah wah for you ohh. Go school una no gree |
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