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Nairaland Forum / Nairaland / General / Business / Nigeria Owes China $3.22bn —NBS (36733 Views)
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Nigeria Owes China $3.22bn —NBS by ifyan(m): 9:29am On May 03, 2017 |
May 3, 2017 Sulaimon Olanrewaju The Federal Government of Nigeria’ indebtedness to China stood at $3.22bn at the end of December 2016, according to a report released on Tuesday by the National Bureau of Statistics (NBS). This is part of the total foreign debt stock of both the federal and state government which was put at $11.41bn by the bureau. The domestic debt of the two tiers of government stood at N14.02trn at the end of December 2016. A breakdown of the foreign debt shows that $7.99bn was multilateral; $198.25m was bilateral (ADB) and $3.22bn from the Exim Bank of China credited to the Federal Government. The report added that of the Federal Government’s domestic debt, N7.56 trillion or 68.41 per cent are in Federal Government bonds, N3.28 trillion or 29.64 per cent are in treasury bills and N215.99 million or 1.95 per cent are in treasury bonds. The report also showed that Lagos State has the highest domestic debt profile among the states accounting for 10.54 per cent of the debt stock Read more@http://www.nairausd.com/2017/05/nigeria-owes-china-322bn-nbs.html 1 Like 1 Share
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Re: Nigeria Owes China $3.22bn —NBS by jericco1(m): 9:39am On May 03, 2017 |
That's an awful lot of money, thank God we didn't end up borrowing that $30b 19 Likes |
Re: Nigeria Owes China $3.22bn —NBS by Mophasa(m): 9:46am On May 03, 2017 |
And the fg is still planning to borrow more Smh 25 Likes 1 Share |
Re: Nigeria Owes China $3.22bn —NBS by Greatigbos(f): 9:50am On May 03, 2017 |
3 Likes 1 Share |
Re: Nigeria Owes China $3.22bn —NBS by JB01(m): 9:50am On May 03, 2017 |
Sebi we heard that Dieziani has returned $90 billion. 68 Likes 3 Shares |
Re: Nigeria Owes China $3.22bn —NBS by ifyan(m): 11:01am On May 03, 2017 |
JB01: Oh you fell for that 69 Likes 2 Shares |
Re: Nigeria Owes China $3.22bn —NBS by ifyan(m): 11:03am On May 03, 2017 |
jericco1: If not, na big wahala we got de 3 Likes |
Re: Nigeria Owes China $3.22bn —NBS by Nobody: 11:34am On May 03, 2017 |
So Nigeria Federal government owes 30% of its foreign debt to China Who entered into this agreement on behalf of Federal Government? Ebelechukwu & Ngozichukwu sef Where is lalasticlala sef? 5 Likes |
Re: Nigeria Owes China $3.22bn —NBS by ifyan(m): 12:07pm On May 03, 2017 |
Keneking: Wait did you also fall their propaganda. Hmm Nigerians 13 Likes |
Re: Nigeria Owes China $3.22bn —NBS by Nobody: 1:08pm On May 03, 2017 |
But APC made so much noise about the China trip. One year after.....NO-as in NOTHING! 20 Likes |
Re: Nigeria Owes China $3.22bn —NBS by Goldenheart(m): 1:08pm On May 03, 2017 |
Eze NDi gbege 1 1 Like |
Re: Nigeria Owes China $3.22bn —NBS by dragonking2: 1:09pm On May 03, 2017 |
My goodness The incompetent illiterate dullard has totally destroyed this country. Buhari is evil wahali 14 Likes |
Re: Nigeria Owes China $3.22bn —NBS by opethom(m): 1:09pm On May 03, 2017 |
Pls o, Watin we carry this money do? 3 Likes |
Re: Nigeria Owes China $3.22bn —NBS by Nigeriadondie: 1:09pm On May 03, 2017 |
So what was the money used for? Obviously to make more goats become richer and millionares. Nigeria really has no future. Even the Devil has more hope of making heaven than for this doomed and cursed nation to become better. Nigeria and corruption would forever remain not just like 5&6 but siamese twins 6 Likes 1 Share |
Re: Nigeria Owes China $3.22bn —NBS by brenister10: 1:09pm On May 03, 2017 |
What was it use for? Maybe they will say the massive ongoing rail projects were sponsored from the fund. The rest nko? Probably they are in the soak away pit of our politicians. Nigeria is God's own way of humoring mankind. 1 Like |
Re: Nigeria Owes China $3.22bn —NBS by permsec: 1:10pm On May 03, 2017 |
Oni gbese oshi! |
Re: Nigeria Owes China $3.22bn —NBS by dragonking2: 1:10pm On May 03, 2017 |
Where is omenkalives ngenekwenu hungerbad and sarrki the onigbese patriotic zombie? Please come and tell us what Buhari did with this huge debt on our necks. 14 Likes |
Re: Nigeria Owes China $3.22bn —NBS by seenter84: 1:12pm On May 03, 2017 |
Sebi naija get bar. Make kemi adeosun wire d bar to chinese acct jor. No time before d debt escalate go 20 years way front |
Re: Nigeria Owes China $3.22bn —NBS by segebase(m): 1:12pm On May 03, 2017 |
buhari!! |
Re: Nigeria Owes China $3.22bn —NBS by Nobody: 1:12pm On May 03, 2017 |
Jonathan borrowed that money? |
Re: Nigeria Owes China $3.22bn —NBS by figure007(m): 1:13pm On May 03, 2017 |
While some tyrant ones and idiotic being are piling up billions in a house which can be used to pay some dept .... God please have mercy on Nigeria and help us 1 Like |
Re: Nigeria Owes China $3.22bn —NBS by denis2: 1:13pm On May 03, 2017 |
Re: Nigeria Owes China $3.22bn —NBS by dunelsty(m): 1:13pm On May 03, 2017 |
lolzzz.....
God help us |
Re: Nigeria Owes China $3.22bn —NBS by Hades2016(m): 1:13pm On May 03, 2017 |
Nigeria is a joke .... and our government are jokers and clowns....... I don't take Nigeria matter serious , I only laugh coz I can't come and kill myself .....this is how I always dance when stuff like this pop up 2 Likes
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Re: Nigeria Owes China $3.22bn —NBS by Nobody: 1:14pm On May 03, 2017 |
Very simple... Sell the f**king country to China 3 Likes |
Re: Nigeria Owes China $3.22bn —NBS by ritababe(f): 1:14pm On May 03, 2017 |
its better they buy Nigeria |
Re: Nigeria Owes China $3.22bn —NBS by lfleak: 1:15pm On May 03, 2017 |
Nigeria should just be sold and all the money should be shared to all the citizens... On a more serious note... Nigeria is a imbred shithole of a country. |
Re: Nigeria Owes China $3.22bn —NBS by maxiuc(m): 1:15pm On May 03, 2017 |
9 Likes 1 Share |
Re: Nigeria Owes China $3.22bn —NBS by sukkot: 1:16pm On May 03, 2017 |
awon onigbese |
Re: Nigeria Owes China $3.22bn —NBS by Hades2016(m): 1:17pm On May 03, 2017 |
Nigeria is being fvvck with a giant dick and if care is not taken we gonna bleed to death ..... oh Nigeria , Nigeria my country which way ? ....... 2 Likes
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