*List of countries by external debt in us dollars*
1 United States 18,624,000,000,00
2 United Kingdom 7,852,460,000,000
3 France 5,369,125,000,000
4 Germany 5,141,400,000,000
5 Netherlands 4,306,190,000,000
6 Luxembourg 3,900,665,000,000
7 Japan 3,516,200,000,000
8 Italy 2,324,420,000,000
9 Ireland 2,236,430,000,000
10 Spain 2,036,560,000,000
11 Canada 1,775,920,000,000
12 Switzerland 1,738,370,000,000
13 China 1,562,800,000,000
— Hong Kong 1,498,880,000,000
14 Australia 1,487,720,000,000
15 Singapore 1,320,567,000,000
16 Belgium 1,278,465,000,000
17 Sweden 938,692,000,000
18 Austria 638,340,000,000
19 Norway 623,223,000,000
20 Brazil 538,693,000,000
21 Russia 532,846,000,000
22 Denmark 491,617,000,000
23 Finland 483,369,000,000
24 India 471,852,000,000
25 Greece 471,763,000,000
26 Portugal 447,022,000,000
27 Turkey 432,352,000,000
28 Mexico 431,344,000,000
29 South Korea 407,341,000,000
30 Poland 363,658,000,000
31 Indonesia 335,289,000,000
32 United Arab Emirates 220,400,000,000
33 Malaysia 202,572,000,000
34 Saudi Arabia 200,900,000,000
35 Argentina 192,462,000,000
36 Mauritius 189,220,000,000
37 New Zealand 186,216,000,000
38 Chile 170,293,000,000
— Taiwan 170,138,000,000
— Puerto Rico 167,400,000,000
39 Kazakhstan 165,501,000,000
40 Qatar 159,200,000,000
41 Hungary 148,024,000,000
42 South Africa 142,833,000,000
43 Thailand 140,510,000,000
44 Czech Republic 137,606,000,000
45 Colombia 121,097,200,000
46 Cyprus 119,672,000,000
47 Ukraine 114,836,000,000
48 Venezuela 110,878,000,000
49 Romania 108,880,000,000
50 Malta 96,251,300,000
51 Israel 89,438,400,000
52 Slovakia 86,630,000,000
53 Pakistan 82,980,700,000

https://en.m.wikipedia.org/wiki/List_of_countries_by_external_debt

The more developed the country, the higher the debt. This is why I just smile whenever I hear someone whining about how Nigeria is in debt etc.

As long as the funds are directed towards capital projects there is nothing wrong with debt. The US has an 18 trillion dollar debt. No developed country isn't in debt.

Oil will never solve Nigeria's problem. Also chasing corrupt people up and down can and will never work. People are not corrupt because they are insane.

In Nigeria there is a NEED to be corrupt and do even if the punishment is death by hanging people will still steal.
The two solutions are

1. Tax - a poor tax system is the bane of any nation and a robust one is a blessing to a country. Find out about tax in the world most developed and least developed countries. There is no developed country without a proper tax system and there is no underdeveloped country with a fully functional tax system.

2. Heavy capital expenditure with fund sourced from other countries or international organizations. This is how every single developed country got to where they are. No country event has the funds that it NEEDS. It will always be necessary to borrow funds. It's simple: If you have enough, then you are not doing enough.

Nigeria is not doing bad

Hong Kong is not a country

We should all respect chinas sovereignty

Is California a country ? Is Texas a country?
Is Hawaii a country ? Is Alaska a country ?

mrvitalis:
Hong Kong is not a country

We should all respect chinas sovereignty

Is California a country ? Is Texas a country?
Is Hawaii a country ? Is Alaska a country ?

the idea is that Nigeria is not doing badly

who are they owing

mhiztaNexy:
who are they owing

the Illuminati bankers

coolestchris:
the Illuminati bankers

lol who dash illuminati money?

Nigeria is among the top investors in the world
https://en.m.wikipedia.org/wiki/Net_international_investment_position

Who this countries dey owe all this money?

So south Africa is the only African country on the list.

We know the debtors, who is/are the creditors ?

Jbleenk:
Who this countries dey owe all this money?

me

DjAndroid:
So south Africa is the only African country on the list.

actually the list is
longer follow the link

coolestchris:
the idea is that Nigeria is not doing badly

We are not in terms of debt but we are doing badly

Check top 30 economies in the world , compare nation budget to gdp

The check ours you would see where our problem has been

mrvitalis:

We are not in terms of debt but we are doing badly
Check top 30 economies in the world , compare nation budget to gdp
The check ours you would see where our problem has been

what is economy when you are owing trillions of dollars

So almost all the countries in the world owe the Rothschild's some money, hmmmmmm interesting .

coolestchris:

what is economy when you are owing trillions of dollars

There are good debt and bad debt bro

mrvitalis:
There are good debt and bad debt bro

paradox

Nigeria is not doing too badly. Actually we should be taking more loans