drlawizle:


You no even sabi play sef...mtchew

Firefire:


Oh, na play? I catch am now...

How are you doing in United States?

Firefire:


Please, what percentage of this your data on Nigeria's national loan is credited to Lagos State?

LRNZH:


[b]Stop cursing us with your GEJ slogan. I don't think you comprehend the reality of this situation.

Have you wondered why Angola, Algeria and other Africa oil producers are not on this list? Not even Libya with its war torn issues.

On a normal day Nigeria should be like Norway and Gulf states that have managed their earnings well during the high oil price, saved a lot of money and diversified their economy.

Because we squandered our earnings and did not invest enough in any meaningful economic diversification, we end up on a list like this.

Look at the other countries on this list.
Russia is under heavy sanctions and is waging a war in Ukraine.
Iran is under heavy sanctions and is propping up the Gov't of Bashar Assad in Syria.
Iraq is trying to recover from a major civil war then ISIS broke out and started another round of turmoil.
Venezuela is a heavily subsidized state and under western sanctions as well.

Nigeria is not under sanctions nor are we running any major socialist or subsidy program. Corruption and ineptitude especially by GEJ's govt got us here.
Our national loan burden is about $70Billion today with nothing to show for it.[/b]

LRNZH:


Out of the $70Billion National debt, the 36 States and FCT owe about $11Billion of which about $2Billion is for Lagos State. Mind you this is both external and domestic debt.

So almost $60Billion (~85%) of this is owed by the FG while Lagos State owes less than 1% of the Nigeria's total debt. Remember, Lagos is a very viable state that it can owe up to $5Billion and still be credit worthy.

Popemax:
so Buhari will take us to promise land...I doubt that bro

Firefire:



Are you a Nigerian?

Are your entire family (both nuclear & extended) in the state with you?

If the answers to the above is positive? Then congrats & Goodluck.

Peace!

100Cents:


So $2bn out of $70bn is less than 1% ?

Omoh, which school did you graduate from ?

Buhari, show your certificate

Chukwu94:
THIS IS ONE OF THE REASON WHY WE NEED CHANGE..

SAI GMB/PYO

IanDiamonds:


If you had read well enough you'd see he stated facts about external and domestic debts...
You're here displaying your ignorance and you're asking for someone's certificate... Talk about Heresy...

Firefire:



Please recheck your data and confirm the accuracy, it seems I could not see the $60Bn accrued to FG (only) on the DMO database (see attached) or your info is as at when?

lookingfly:
all this apc fans no get head,did you read the post very well.how is the oil price that is also affecting other countries caused by gej or you think gej deliberately reduced the price of fuel.no wonder your gmb said if he is voted in,he would stabilize world oil price,very clueless and archiac of him to have said that!

100Cents:


I don't want to answer you.. He has taken correction.

I don't read comprehension twice.. So go back and assimilate..

OLADD:
Nigeria's ability to whether the storm is never in doubt going by govt efforts in reducing unwarranted overhead. For instance, with over 62,000 ghost workers weeded from civil service payroll thereby saving over N400b in salary overhead and loopholes in fertilizer procurement effectively checkmated among others, the country will still be able to fulfil its financial obligations in the face of dwindling revenue. Aside this, Jonathan's administration has made commendable inroads in further diversifying the economy through massive investments in agric and agro-related revenue spinners. These and other fiscal measures will go a long way in mitigating any ensuing adverse effects of oil price fluctuations. In a nutshell, it's not all gloomy for Nigeria.

LRNZH:


[b]Stop cursing us with your GEJ slogan. I don't think you comprehend the reality of this situation.

Have you wondered why Angola, Algeria and other Africa oil producers are not on this list? Not even Libya with its war torn issues.

On a normal day Nigeria should be like Norway and Gulf states that have managed their earnings well during the high oil price, saved a lot of money and diversified their economy.

Because we squandered our earnings and did not invest enough in any meaningful economic diversification, we end up on a list like this.

Look at the other countries on this list.
Russia is under heavy sanctions and is waging a war in Ukraine.
Iran is under heavy sanctions and is propping up the Gov't of Bashar Assad in Syria.
Iraq is trying to recover from a major civil war then ISIS broke out and started another round of turmoil.
Venezuela is a heavily subsidized state and under western sanctions as well.

Nigeria is not under sanctions nor are we running any major socialist or subsidy program. Corruption and ineptitude especially by GEJ's govt got us here.
Our national loan burden is about $70Billion today with nothing to show for it.[/b]

LRNZH:


How did you work out FG external debt of $6.4Billion?
Your chart does not show states' external debts as well so I am wondering how you worked that out....check working again

On a side note about the garri comment, between $10 and $20Billion is missing in NNPC (this is the case until the PwC report is made public), and you GEJites don't see anything wrong with it.

LRNZH:


[b]Stop cursing us with your GEJ slogan. I don't think you comprehend the reality of this situation.

Have you wondered why Angola, Algeria and other Africa oil producers are not on this list? Not even Libya with its war torn issues.

On a normal day Nigeria should be like Norway and Gulf states that have managed their earnings well during the high oil price, saved a lot of money and diversified their economy.

Because we squandered our earnings and did not invest enough in any meaningful economic diversification, we end up on a list like this.

Look at the other countries on this list.
Russia is under heavy sanctions and is waging a war in Ukraine.
Iran is under heavy sanctions and is propping up the Gov't of Bashar Assad in Syria.
Iraq is trying to recover from a major civil war then ISIS broke out and started another round of turmoil.
Venezuela is a heavily subsidized state and under western sanctions as well.

Nigeria is not under sanctions nor are we running any major socialist or subsidy program. Corruption and ineptitude especially by GEJ's govt got us here.
Our national loan burden is about $70Billion today with nothing to show for it.[/b]

LRNZH:


Even Barcanista has stopped having fun on NL because he can't post intelligent analysis anymore. The FFK problem is a bad one. You stop reasoning right and start defending blatant lies, spreading misinformation. I don't know how their conscience functions through it all.

Chukwu94:
It was because the economy was not diversified enough, that is why the falling oil price is having significant impact on Nigeria.

Behave matured by not using uncoutured languages.. Do i make myself clear

Chukwu94:
THIS IS ONE OF THE REASON WHY WE NEED CHANGE..

SAI GMB/PYO

orble:


HOW MUCH BE YA CHANGE SEF?

Chukwu94:
My change is buhari 4 president... Do you copy?

oyezed:
I hardly comment on issues but the way many of you (interactants) on Nl look at issues that make many cry always amaze me. Anybody that says Nigeria economy is viable is only deceiving us. Nigeria economy is crumbling and we are all blinded buy these God -forsaking politicians lies and sweet words. Many are shouting GOODLUCK while others are saying Bhuari and unemployment rate is at alarming and disgracing rate. oil price fall is less than a year, and we are already in a mess and many Nigerians never see the future problems. Already there is a slash in the states allocation and you don't still foresee crisis. when one falls to save for the dry season, one ends up a beggar. Interestingly , now we are talking of diversifying when our economy is on the verge of collapsing. why is our leaders and the so- called politicians are not pro-active but re-actionary? when the machinery and strategies for diversification is never in place? when there is no plan for other resources? when our electricity is beyond epileptic stage? my people there is fire on the mountain. I foresee salary cut and heavy austerity measures. If we are not very careful and cry to God to rescue us, I foresee a total economy imbroglio. What a pity for a country, Nigeria ! Naria is very useless and that never bothered them only feeding us with lies.
I listen to all there campaigns as welll as manifestoes and I shook my heads because none of them mention how they will solve economy crisis. yes they all promise employments but my question is how? Yes we need change but what type of change and how will they go about the change? Yes i believe in continuity but continuity in all these mess? Continuity in a leader that never sees differences between corruption and stealing? Continuity in corruption and heavy loan? Continuity in high poverty rate? Continuity in no respect for the rule of law? continuity in I think I will not like to continue in all these. yes we need change but with what set of people? my only questions to them are how do they acquire their wealth? What is their profiles? Who are they? I believe in change but we a set of change people and those that have experienced change because you cannot give what you dont have. This is just the background to my contribution on this issue, I will continue with data and analysis.. To be continue....

lookingfly:
all this apc fans no get head,did you read the post very well.how is the oil price that is also affecting other countries caused by gej or you think gej deliberately reduced the price of fuel.no wonder your gmb said if he is voted in,he would stabilize world oil price,very clueless and archiac of him to have said that!

Chukwu94:
After everything, buhari has been sworn in as the president