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Nairaland Forum / Nairaland / General / Politics / Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s (1557 Views)
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Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by erunz(m): 6:38pm On Oct 18, 2015 |
The Director-General, Debt Management Office, Dr. Abraham Nwankwo has disclosed that Nigeria’s external debt profile has risen to $11 billion as at last week as against the $ 9.4 billion recorded in March. Similarly, domestic debt profile was said to have risen to N11 trillion. Nwankwo disclosed this in an interview with journalists in Kaduna on Friday shortly after declaring open a one-day enlightenment workshop with leaders of students’ unions from tertiary institutions. Nwankwo, however, said the quantum of the debt did not really matter. He said the most important thing was how the resources were deployed to encourage economic growth, development, generate employment and reduce poverty. “Presently Nigeria owes, domestically, about N11 trillion and externally, about $11 billion.The figures are the total of all debts in the federation. It includes external debts of the federal and all the state governments as well as the domestic debts of the federal government and all the state governments. “Let me emphasise that what matters is not just the quantum, what is important is how these resources are deployed to encourage growth, development, generate employment and reduce poverty. “It matters whether you are in a position to pay back what you borrowed as at when due and in the case of Nigeria, I want to assure you that Nigeria’s debt remains sustainable. “Based on current global economic problems, particularly the collapse of oil prices, this is having significant impact on economies all over the world. Because the Nigerian economy is very resilient and because the government is in control, Nigeria’s debts continue to remained sustainable.” Read more http://newswirengr.com/2015/10/18/with-no-federal-cabinet-nigerias-external-debts-has-risen-to-11billion-against-9-4billion-jonathans-govt-left-in-march/?utm_source=&utm_medium=twitter |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by baralatie(m): 6:42pm On Oct 18, 2015 |
1 Like |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by ademega(m): 6:45pm On Oct 18, 2015 |
in as much its not embezzle. Fine by me |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by mrjangaweed: 6:59pm On Oct 18, 2015 |
ademega: lie nsi ebea shameless bastard hypocrite shameless double standard vagabond some people are just naturally stuppid zombie 13 Likes |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by kamair237(m): 7:00pm On Oct 18, 2015 |
OK!! |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by boneruns(m): 7:10pm On Oct 18, 2015 |
This debt probably rose because Governor Oshiomhole borrowed recently. I hope he has something for this. |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by ademega(m): 7:35pm On Oct 18, 2015 |
mrjangaweed:omo see cry cry oh. see corrupt political abobaku o ti ya were so u expected me to say in as much they squander it like the former mofos hun? o ti so danu 3 Likes |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by erunz(m): 7:40pm On Oct 18, 2015 |
ademega:with any cabinet our debt is already increasing and the corp of cabinet members we are seeing especially fashola and Fayemi that are natural onigbese, hmmm I pray for this country sha 6 Likes |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by disloman(m): 7:40pm On Oct 18, 2015 |
mrjangaweed:D guy is f**king right.If the money is used wisely,Debt is justified. 3 Likes 1 Share |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by erunz(m): 7:44pm On Oct 18, 2015 |
disloman:please state anything u have seen since the arrival of this government, that justifies increase in our debt. 4 Likes |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by luche90(m): 7:44pm On Oct 18, 2015 |
Answer There have been no capital projects being financed by the government, since the inception of this government. Even recurrent expenditure has been low, not till a month ago, salaries were been owned. 7 Likes |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by erunz(m): 7:46pm On Oct 18, 2015 |
luche90:abeg help me tell them o. 3 Likes |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by ekeneidiagbor: 8:19pm On Oct 18, 2015 |
mrjangaweed:U deserve to be banned... |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by disloman(m): 8:26pm On Oct 18, 2015 |
erunz:You are so dumb for asking such a question.Didn't you read to comprehend or you expect what they used the money for to manifest in a second?I know what your reply to this like but this is annoying. 1 Like |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by mrjangaweed: 8:33pm On Oct 18, 2015 |
ademega: Nkita lacha nne i anya ebea |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by Alphaoscar: 8:41pm On Oct 18, 2015 |
erunz: Go back to school 1diot!!! The post even said the debt include that of the total Federal and states governments debt and you are here crying over Buhari. 2 Likes |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by stanech: 8:46pm On Oct 18, 2015 |
That means Body Language is actually expensive. Because all what buhari has done is usingbody language. 1 Like |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by MisterLongman(m): 11:59pm On Oct 18, 2015 |
I remember Fashola saying something about debt and America during his screening......... I'm not surprised |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by themaskedman: 12:36am On Oct 19, 2015 |
Alphaoscar:Hypocrite. But the blame for the $9.4 billion incured previously was heaped on the shoulders of Jonathan even when you know states have a share in that debts and blame. When NOI tried to clarify matters, when she tried to justify the debts you called her names and said it doesn't matter her explanation. You said all that matters is Nigerian has been plunged into debts by Jonathan. Now the table has turned, you don't want Buhari to be blamed. SMH for you. Come to think of it can you justify why the quantum of debts has increased by more than $2 billion in just four months of Buhari's administration? Which project has he embarked on? Oh let me guess, he has been around the world including West Germany. 4 Likes |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by ISpiksDaTroof: 12:52am On Oct 19, 2015 |
Does the OP understand how budgets work? You can't blame anything on Buhari until this time Next year. You just exposed another of GEJ's ineptitude. |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by ChimaAdeoye: 4:28am On Oct 19, 2015 |
erunz: [size=14pt]In 4 years, it will be $40 Billion dollars and Nigeria will still not have oil money to pay it back. We will comfortably be back into the debt trap. Take about Changii! [/size] |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by tuniski: 4:39am On Oct 19, 2015 |
APC reversing progress since Buhari's 1st coming in 1983. At this rate the achievement of debt forgiveness will be rubbished in less than 2yrs of a rudderless govt. Apc shame. |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by porka: 4:43am On Oct 19, 2015 |
ISpiksDaTroof: [size=13pt]Professor of budget well done. Meanwhile, we read this on July 21, 2015 Insurgency: Nigeria borrows $2.1bn to rebuild North East - Vanguard http://www.vanguardngr.com/2015/07/insurgency-nigeria-borrows-2-1bn-to-rebuild-north-east/[/size] |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by Bevista: 4:44am On Oct 19, 2015 |
erunz: Abraham Nwankwo has disclosed that Nigeria’s external debt profile has risen to $11 billion as at last week as against the $ 9.4 billion recorded in March. Similarly, domestic debt profile was said to have riseIf you are comparing the debt profile of the previous govt and the new one, I think a better comparison would have been between May and now. However, the article compares between March and now. On the Foreign debt, I can recall the president's request for Edo and Lagos states based on loans approved during the previous govt. On the local debt, I can remember bailout loans to state governments for salary payment. |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by Republlican(f): 4:54am On Oct 19, 2015 |
themaskedman: The two billion was loan given by the UN for boko haram affected area and the terms of the loan is ok too. |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by porka: 5:07am On Oct 19, 2015 |
Republlican: [size=13pt]Which UN?[/size] |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by Republlican(f): 5:11am On Oct 19, 2015 |
porka: Google is your friend, you can do that please |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by Babzrockman: 5:22am On Oct 19, 2015 |
Why won't our external debt rised? When PDP led government used our money for electioneering campaign. |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by porka: 5:27am On Oct 19, 2015 |
Republlican: [size=13pt]Don't you think you need that 'UN loan' for personal upgrade?[/size] |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by Mopolchi: 5:41am On Oct 19, 2015 |
We need to fight corruption more now |
Re: Nigeria’s External Debts Has Risen To $11billion Against $9.4billion Jonathan’s by omenka(m): 6:31am On Oct 19, 2015 |
Let me oblige this mumu thread and its title with a few questions since we are comparing stuffs here. 1. What was the exchange rate of the dollar to the Naira when Jo was leaving and what is it now? 2. What was the state of electricity supply when Jo was leaving and what is it now?? 3. What was the state of availability of petroleum products when Jo was leaving and what is it now? 4. How much was fuel selling at the pump when Jo was leaving and how much is it now? #Mumu fault finding Op. |
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