new2020:
Hausa-Fulani and Yorubaa will destroy this country...they are just scattering everything like babies.

KahlDrogo:
Despite the drastic fall in FG income sue to the near total collapse in oil prices at the international market, the FG still managed to check her borrowing, maintaining it at 3trillion in two years! That is absolutely commendable if you ask me.

The question therefore is, how did we end up owing as much as 8trillion under years of surplus earnings? He had oil selling at over $110 pb yet our debt profile (FG) was still on the increase. What logical explanation can President NOI and her vice, Jonathan, give as to why we needed to borrow to pay salaries when oil sold at $75pb?

felixomor:
So where is all the TSA and recovered funds they have been singing about?

We are virtually borrowing to pay politicians.
Thats what it has become.

God, please deliver Nigeria.

Captain1Nigeria:
Na good luck fault abi?

nurex01:
Efforts are being made to secure more foreign debts and reduce the exposure of the Federal Government to the domestic debt market.

sinistermind:
When i see such things, to comment go just weak me.

9jakohai:


Well....in 2013...oil was 110 dollars and above per barrel.

By 2015....oil had fallen to 75 dollars per barrel. Ngozi Okonjo Iweala was warning by Jan 2015 that based on trends, whoever won the eelction that year would face hard times.

Now oil is $49 per barrel. That means we are earning 50-60 dollars less than we did in 2013. Based on that, I am not surprised we are borrowing.

And we cannot fight corrupt politicans because we Nigerians love them

KahlDrogo:
Despite the drastic fall in FG income sue to the near total collapse in oil prices at the international market, the FG still managed to check her borrowing, maintaining it at 3trillion in two years! That is absolutely commendable if you ask me.

The question therefore is, how did we end up owing as much as 8trillion under years of surplus earnings? He had oil selling at over $110 pb yet our debt profile (FG) was still on the increase. What logical explanation can President NOI and her vice, Jonathan, give as to why we needed to borrow to pay salaries when oil sold at $75pb?

9jakohai:


More the fault of our economy which has been dependent on the sale of raw materials, and importation of lots of finished stuff from the revenues of those raw materials.

This leaves us at the mercy of

1.Falling prices of whatever resource we sell.

2.Policies of manufacturing nations. A manufacturing nation like Japan, Korea or Germany can devalue their currency. to benefit their domestic manufacturers..and as a result, we need to pay more for the stuff we import

We need to go industrial. No choice.

Pavarottii:

SHUT UP! At least fuel was sold for 87naira. Now that fuel is sold for 145naira. Tell me why u av to borrow almost 8 trillion in 2years. Na wa poop. U can support rubbish o.

Wolexpoly:
CHISOSSSSSSSSS!!!........JUST IN 2YEARS NIGERIA HAS DROWNED......YET WE KEEP BORROWING........ABEG I DONT UNDASTAND.......JAGABANS IN TOP SEES IT AS AN OPPURTUNITY TO PLEAD WITH NIGERIANS TO BORROW MORE FROM IMF/ WORLD BANK , SO DAT THEY CAN SHARE NATIONAL CAKE AMONG THEMSELVES ALL IN THE SHADOW OF DABBLIN INTO INVESTMENT AND INFRASTRUCTURES WEY WE NO DEY SEE.....NIGERIA KEEP SNOWBALLING FROM WORSE TO WORST UNDER BUHARI AND SOME GULLIBLE PPLE STILL WONT ADMIT THE TRUTH....NITHING IS GETTING BETTET.....U NEED TO SEE THE WAY PPLE ARE DYING......WHEN AN ADMINISTRATION INTENDS TO CHASE A GHOST CALLED CORRUPTION WHICH IS ONLY DIRECTED AT OPPOSITION, AND LEAVES OUT THE MAIN FUNCTION OF FEEDING, SECURING AND REGULATING THE NATION IN A STRAIGHT CHECKS AND BALANCES TO STRIKE AN EQUILIBRUM, WHAT HAPPENS IS THAT THE REST OF THE NATION SUFFERS. THAT IS WHAT WE ARE FACING NOW.....OUR PRESIDENT EVEN IN HIS INCAPABLE CONDITION HAS REFUSED TO RESIGN TO A CAPABLE HANDS....WHY ARE ALL THEAE HAUSAS POWER DRUNK......CHAI.......GOD HELP NIGERIA SHA....VERY SOON AM TRAVELING TO SAN-FRANSISCO....SO GUYS WISH ME WELL...AM LEAVING THIS COUNTRY THAT HAS NO BEARING FOR GOOD.

OZAOEKPE:
Let's see what BMC would tell us, they would blame Jonathan after 2 years he's gone

TheLordIsGr8:


Which nation ever industrialized without fossil power?
And your buhari is up and about signing paris climate agreement.

KahlDrogo:
Despite the drastic fall in FG income sue to the near total collapse in oil prices at the international market, the FG still managed to check her borrowing, maintaining it at 3trillion in two years! That is absolutely commendable if you ask me.

The question therefore is, how did we end up owing as much as 8trillion under years of surplus earnings? He had oil selling at over $110 pb yet our debt profile (FG) was still on the increase. What logical explanation can President NOI and her vice, Jonathan, give as to why we needed to borrow to pay salaries when oil sold at $75pb?