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5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria (22747 Views)

Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? / Buhari Seeks Approval For Foreign Loan Rejected By Senate Under Saraki / Again, IMF Warns Nigeria Against Rising Debts (2) (3) (4)

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Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by positivetaught: 8:32pm On Oct 12, 2017
coolestchris:
ok

top debtors in the world
*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
Nigeria's foreign debt was much lower than the last country on that list but never had it easy n obasanjo n ngozi/pdp did their best to free Nigeria from the burden,although PDP later took some loans but just look at astronomical increase within the short time of buhari n you are trying to justify it with this list!,how much was oil price when obasanjo took over in 1999?,how many times did we hear him blame Abdulsalam?,didn't he went ahead to work?,you people are just trying shamelessly to justify anything buhari at all cost but remember buhari n APC will certainly not be there forever.

4 Likes

Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by Mpeka(m): 8:34pm On Oct 12, 2017
coolestchris:
ok

top debtors in the world
*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

I am surprise at your learning. How on earth will you compare countries that are economically bouyant with a country without economic blueprint? Mere paper work: even a copy and paste from other country is not available.

4 Likes

Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by buffalowings: 8:35pm On Oct 12, 2017
bishopkay:


Can you compare Nigeria to any of the countries listed above in anyway?
Even ordinary power Nigeria has turned it to rocket science!

Now get this...your debt profile doesn't make you broke or poor. It simply defines how economically and financially sound you are!

The countries listed above borrow for infrastructural, health and virtually advancement in everything good. But here in Nigeria, we borrow to loot! Loot again and again.

Dangote is the richest man in Africa right? Check out his debt profile and it would shock you or you think it is his money he used to solely fund his refinery?

So except the person who posted that up there is really ignorant he didn't say anything. He even gave us more reason to reject the proposal to indebt us further!

I saw his reply. Some pepole are just best left alone. Someone just listed a bunch of numbers without contest and he is just blabbing rubbish

2 Likes

Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by johnsondbolaji(m): 8:36pm On Oct 12, 2017
LET`S DOWNLOAD THIS APP, AND SHARE WIT OUR FRIENDS, EASY FOR JOB HUNT MAY GOD HELP US.

http://app.mainspringblog.com/fastjob-ng-free-android-app/
Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by Nobody: 8:39pm On Oct 12, 2017
Mpeka:


I am surprise at your learning. How on earth will you compare countries that are economically bouyant with a country without economic blueprint? Mere paper work: even a copy and paste from other country is not available.

we are in deep shyte,Nigeria on autopilot

3 Likes

Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by bejeria101(m): 8:51pm On Oct 12, 2017
What does the dullard knw? He can erase the debt na him father property olodo daura
Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by UfuomaUN(m): 8:56pm On Oct 12, 2017
coolestchris:
ok

top debtors in the world
*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

Keep quoting the USA ignorantly. The US govt has enough bonds and assets to pay of it's debt if it wished so. The US has nearly the largest crude oil reserves in the world. They actually import crude to keep theirs for the rainy day. They have the capacity to manufacture everything they want from tooth picks to 5th generation fighters if they wished. The only import or manufacture outside the US cos building in Asia is less expensive.

On the other hand Nigeria is a broke black nation with nothing- not even a president with a working brain. Let Buhari keep borrowing, we'd soon be like Zimbabwe

3 Likes

Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by Nobody: 8:58pm On Oct 12, 2017
Nbote:

D OK I OK is d first OK dat he OK'd
OMOH shocked .
Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by Caution30: 9:04pm On Oct 12, 2017
Nbote:


D OK I OK is d first OK dat he OK'd
Nice one!
Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by Kassidy90(m): 9:19pm On Oct 12, 2017
coolestchris:
ok

top debtors in the world
*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
I don't mind Nigeria topping that list if only we can have good roads, stable electricity, quality education n health care system like those countries u listed....

2 Likes

Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by frankkydee(m): 9:21pm On Oct 12, 2017
Na wa o
Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by frankkydee(m): 9:21pm On Oct 12, 2017
mgbadike81:
what about the countries with the highest GDP? one state in the USA have a higher GDP than Nigeria.







I see ignomoranous everywhere. can you compare Abuja with Eboyin?
Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by Nobody: 9:21pm On Oct 12, 2017
UfuomaUN:


Keep quoting the USA ignorantly. The US govt has enough bonds and assets to pay of it's debt if it wished so. The US has nearly the largest crude oil reserves in the world. They actually import crude to keep theirs for the rainy day. They have the capacity to manufacture everything they want from tooth picks to 5th generation fighters if they wished. The only import or manufacture outside the US cos building in Asia is less expensive.

On the other hand Nigeria is a broke black nation with nothing- not even a president with a working brain. Let Buhari keep borrowing, we'd soon be like Zimbabwe


a time will come in Nigeria that 70% of one earning will go into tax.

no foreign investors will want to invest again.

N300+ to a dollar is just the beginning.

4 Likes

Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by Nobody: 9:22pm On Oct 12, 2017
fuckingAyaya:
Gave contract worth $26billion and you want to borrow$5.5billion.I must to look and Laff,Ojukoroju stealing,original stealing RIP FELA A.KUTI

Gbam!!!

1 Like

Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by tishbite41(m): 9:23pm On Oct 12, 2017
coolestchris:
ok

top debtors in the world
*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
I too know itk so u think dat imf does not have this info u re posting. u think u re wiser than d imf dat is warning Nigeria. continue in thy foolishness

1 Like

Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by pablo1759(m): 9:25pm On Oct 12, 2017
madridguy:
I blame the satanic umbrella party.


This is why pple don't like you. Always avoiding the truth

2 Likes

Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by Sall(m): 9:26pm On Oct 12, 2017
coolestchris:
ok

top debtors in the world
*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 thing is, if all this extremely rich and developed countries are still owning depth. Who are they owning.
Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by CioAngels(f): 9:28pm On Oct 12, 2017
Senator, over to you, would still approve the the this loan after hearing from the world bank. You people should stop using masses/ordinary Nigerians as collaterals to borrow or steal what you will for children unborn to pay back. The desperation in requesting for this loan is discomforting.
Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by degamemaster(m): 9:29pm On Oct 12, 2017
Buhari is the undisputed failure and criminal personified . Tell me one leader who brags about recovering looted fund but still wants to borrow money fund budget without first giving a clear account of the recoverd loots.
Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by NwaliE01: 9:48pm On Oct 12, 2017
we are owing 19.63 trillion naira. As a common man on the street, I can't feel the impact of the money at all. No good road, No electric supply, abandoned projects everywhere, poorly funded educational system, porous security system, high cost of living, substandard materials everywhere, and yet someone is telling me that e go better for our current and past leaders. May God punish them for the pains they afflicts on us the followers.

2 Likes

Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by musa234(m): 10:15pm On Oct 12, 2017
madridguy:
I blame the satanic umbrella party.
I am a core northern guy, a buharist but I will never support this pattern of running a government. Buhari is not living up to expectations

1 Like

Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by musa234(m): 10:16pm On Oct 12, 2017
coolestchris:
ok

top debtors in the world
*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 2,324,420,000,000you are a disgrace for trying to justify this wasteful act. Your generation will pay for it
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
Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by ocelot2006(m): 10:18pm On Oct 12, 2017
madridguy:
I blame the satanic umbrella party.

I blame the demonic broom welding witches.

1 Like

Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by dondavinchi(m): 10:19pm On Oct 12, 2017
madridguy:
I blame the satanic umbrella party.
u r d most foolish person I hv seen on earth

1 Like

Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by Bizibi(m): 10:21pm On Oct 12, 2017
madridguy:
I blame the satanic umbrella party.
no!!! Don't blame em,blame the inner earthquake that caused the shift of your brain from its position.

1 Like

Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by Kingspin(m): 10:57pm On Oct 12, 2017
Why won't Nigeria borrow when only 5 states out of 36 contribute? So we talk about restructuring or reforming the country we are 100percntage correct..
Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by Udengs25(m): 11:10pm On Oct 12, 2017
More loans for dis govt yet no reflection in infrastructure n general well-being of citizens , buh wait a minute could it be 4 2019 presidential election?.

1 Like

Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by chukzyfcbb: 11:20pm On Oct 12, 2017
coolestchris:
ok

top debtors in the world
*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
You don't seem to get it, do you?

when debt profile is being questioned, its always done because of that host countries portending problem to pay back.
Nigeria spends about 60% of her revenues on paying debts.

Imagine you take your salary every month, and you spend 60% of it settling people whom you owe. You have just 40% left to feed your family, pay your kids fees and maintain the house upkeep.
Also you still need to invest to create a passive income maybe to build a house or to improve your income, all ontop that 40% ooo.

This is the same scenario here.
Nigeria has just 40% left after paying debt,
out of that 40%
Our budget says about 80% is for recurrent expenditure (paying wages, salaries etc), while 20% is for capital expenditure (infrastructure) etc.
so you see the problem?
If Nigeria isn't improving her infrastructure how does she grow the economy?

Now we are borrowing more, but we are not earning as much as we are borrowing.
Unlike these countries you mentioned. They don't spend 60% of their income on debt.


Buhari and his cabinet members has increased our public debt by 50% in 2yrs from $10billion to $15billion.
Our revenue isn't increasing that large.
neither is our expenses staying stagnant.

You don't expect the foreigners to loan you hard currency and watch you mismanage it , a debtor will always be a slave to the creditor.

Nigeria needs to cut down massively on recurrent expenditure, which means those high officials taking huge pay cut so they can channel the funds to the capital expenditure.

Any other method is DOA!
Tax the people more because u want bigger revenue is you shrinking the economy, recession could abound if they do so

2 Likes

Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by nizetee: 11:24pm On Oct 12, 2017
Chill tortoise, this one no Ear problem things grin grin grin

1 Like

Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by Nobody: 11:41pm On Oct 12, 2017
coolestchris:
ok

top debtors in the world
*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
chai!!! See ode!! How can you be comparing yourself with these countries. You and I know that the loan will end up in private pockets. Unlike in the above listed countries where their loans are well utilized. For your information, Nigeria's national revenue without loan is not even up to 20 billion dollars. How do you expect to repay about 65 billion dollars then. Mind you, the u.s.a's budget per year is almost 4 trillion... your mentality is just too DAFT!.. I would not be surprised if you are from the NORTH... Aboki, go to school, una no gree.. now, see where you people have landed the rest of the country..

1 Like 1 Share

Re: 5.5 Billion Dollar Foreign Loan: Your Debt Profile Is Rising - IMF Warns Nigeria by 1miccza: 1:36am On Oct 13, 2017
Nbote:


I know him and all of dem too well..



How many of these countries u listed can we confidently claim to b beta than economically, socially and otherwise and yet u want to compare our debt profile with theirs. Pls do well to compare our GDP also and per capita income

They have run out of defences and are now grasping at straws

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