FACT 1:Nigeria’s overall debt is comprised of
external and domestic debts. Our total debt stock is
$63.7b with $21.8 billion incurred under the
outgoing government of President Goodluck
Jonathan. $18 billion is the domestic component
and $3.7 billion external component of Jonathan era
debts..

FACT 2: As at August 2006, Nigeria’s foreign and
domestic debts amounted to US$3.5 billion and US
$13.8 billion respectively – a total of US$17.3 billion
or 11.8% of GDP. In effect Jonathan and state
governors added $3.7b to our external debts while
the states and Federal government added $18.1b to
our domestic debts in 5 years. Obasanjo borrowed
from the domestic market too and did not hand over
a debt free country as wrongly believed by some so
called "experts" and "analysts".

FACT 3: The key noticeable change in Nigeria’s
indebtedness in recent years has been the growth
of domestic debt.
This involves local borrowing by states and federal
govt to fund projects and salaries.


Do you know that in 2010 when you clapped for
53% salary increase the govt borrowed to fund it?
Some of us said no then and you said yes without
thinking it through. Ngozi Okonjo-Iweala was not
even the minister when that decision was made but
rather it was Olusegun Aganga that was in charge
and APC's Adam Oshiomole supported it without a
care on the effect on our economy and debt profile.
Same you that supported the jumbo rubbish is now
crying "high debt" and "economic woes". Uwa gi
ntooo to unfounded populism that does not even
recognize that the money we are wasting on Boko
Haram is impacting our economy.

FACT 4; In February 2015 alone $403m foreign
loans were approved for Lagos, Rivers, Ogun, Osun.
All of them are APC states.

So you think that only Federal Govt borrows from
abroad?
Does anyone still remember the noise made by
Rivers Amaechi over a foreign loan he wanted for
water project? When you were supporting him did
you know he was adding to our foreign debts?
Same way he and NGF compelled Finance minister
to share excess crude funds and are now crying
wolf over ECA. Did you protest when they asked for
ECA to be shared instead of saved? Lekwa uwa gi
na ignorance.

FACT 5: All the heavily indebted states in domestic
terms are APC states aside from Akwa Ibom. States
like Kano, Rivers and Lagos are the heaviest
borrowers from the domestic market and also
foreign markets whereas states like Abia owe the
least. Even then APC states like Osun owe the
highest number of months in salary arrears
whereas Anambra is not owing kobo in salaries
Yet na APC make noise pass while owing, in some
instance 13 months salary of teachers and 8
months of civil servants salary even while
answering "Ogbeni". Okay o..

- Written by John Okiyi Kalu
.................................................
Can someone make these facts available to APC
leaders, Obasanjo and Yemi Osibanjo?

cc: Lalasticlala

Skewed analysis to support your position.

The unanswered question is, what did GEJ do with the FG's share of the ECA having sold crude oil for over $100 per barrel on the average for more than four years?

The fact that the economy has collapsed under GEJ, NOI and Diezani cannot be justified with whatever you have written here.

Got not much time now.

Nigeria government at all level are reckless.

Huge debt both domestic and foreign with absolutely nothing to show for it.

Can the useless governors give us account of all the federal allocation during the oil boom?

Can they account for all the SURE-P allocations collected and what investment was done with it?

Nigeria is bleeding under bad leadership across board and all our leaders need to be sent to jail, including that useless Local Government Chairman.

Bunch of criminals and selfish element.

Shameles PDP e-rats
Go to www.dmo.gov.ng and check details of FGN domestic debts. As at March 31st 2015, it stood at 43 Billion Dollars and accounting for 79.9% of total domestic debt of the country. Total external debts was not categorized in that report. What more will I say, a federal govt who could incure 79% of total domestic debt is not fit to live.
Jonathan came, He saw and he squandered !!!

santos247:
Shameles PDP e-rats
Go to www.dmo.gov.ng and check details of FGN domestic debts. As at March 31st 2015, it stood at 43 Billion Dollars and accounting for 79.9% of total domestic debt of the country. Total external debts was not categorized in that report. What more will I say, a federal govt who could incure 79% of total domestic debt is not fit to live.
Jonathan came, He saw and he squandered !!!

when you start to assume that every body who post something that points an accusing finger to apc is an e rat then you have the worst form of knowledge. let all the past leaders of nigeria be probed irrespective of party and tribe lets see who will come out clean

your sense of judgement is clouded by party ethnic bigotry.

Firefire:
Nigeria government at all level are reckless.

Huge debt both domestic and foreign with absolutely nothing to show for it.

Can the useless governors give us account of all the federal allocation during the oil boom?

Can they account for all the SURE-P allocations collected and what investment was done with it?

Nigeria is bleeding under bad leadership across board and all our leaders need to be sent to jail, including that useless Local Government Chairman.

Bunch of criminals and selfish element.

you have spoken well but who will sentence them? those running this country are birds of a feather. what decision will you take in this country that will not be marred by ethnic-political-religious-zonal violence?

remember this country is divided

PassingShot:
Skewed analysis to support your position.

The unanswered question is, what did GEJ do with the FG's share of the ECA having sold crude oil for over $100 per barrel on the average for more than four years?

The fact that the economy has collapsed under GEJ, NOI and Diezani cannot be justified with whatever you have written here.

Got not much time now.

let them be probed... as well as the obasanjo's goverment.. simple