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Nigeria Borrowed $2,029 Per Second In Just 12months - Politics (2) - Nairaland

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Re: Nigeria Borrowed $2,029 Per Second In Just 12months by DLondonboiy: 6:54pm On Dec 05, 2017
God would punish Buhari separately...
Re: Nigeria Borrowed $2,029 Per Second In Just 12months by Stalwert: 6:55pm On Dec 05, 2017
AdesegunSanni89:
Tell us how much GEJ/PDP government stole per second.

If only Nigerian youths can reason like you especially deluded pigs and idiots

2 Likes 2 Shares

Re: Nigeria Borrowed $2,029 Per Second In Just 12months by Richardabbey(m): 7:00pm On Dec 05, 2017
D Eastern Part Led Us To All Dis Debt , Make Dem Kill All Eastern Leaders Asap . Afonja Are D Best , They Are Corruption Free cool
Re: Nigeria Borrowed $2,029 Per Second In Just 12months by nowpresence(f): 7:03pm On Dec 05, 2017
let me leave this country before the lenders will come acquired it.
Re: Nigeria Borrowed $2,029 Per Second In Just 12months by GOFRONT(m): 7:04pm On Dec 05, 2017
cool

Re: Nigeria Borrowed $2,029 Per Second In Just 12months by sotall(m): 7:04pm On Dec 05, 2017
AdesegunSanni89:
Tell us how much GEJ/PDP government stole per second.

2 Likes

Re: Nigeria Borrowed $2,029 Per Second In Just 12months by ivandragon: 7:07pm On Dec 05, 2017
borrowing is not the problem. as rich as Dangote is, he is still borrowing...

the issue is what the loans have been used for...


recently, officials in this administration said Maina helped recover over N1trn in just a few days... where is that money?


can the FG give us a breakdown of the recovered loot so far?

pmb is a joke...

1 Like

Re: Nigeria Borrowed $2,029 Per Second In Just 12months by xcel20001: 7:08pm On Dec 05, 2017
This is just Nigerian government willingly enslaving the country to debt!!! What is there to show for all these?

1 Like

Re: Nigeria Borrowed $2,029 Per Second In Just 12months by Nobody: 7:09pm On Dec 05, 2017
CURRENT US DEBT

Re: Nigeria Borrowed $2,029 Per Second In Just 12months by flyn: 7:15pm On Dec 05, 2017
APC and their supporters are thief's, Nigeria is a real joke

1 Like

Re: Nigeria Borrowed $2,029 Per Second In Just 12months by thunderbabs: 7:19pm On Dec 05, 2017
Na buhari borrow d money treat himself for 5 months na...make e find d money pay. Or mk he collect hin brother own for switzerland, abacha to pay part of d debt....yeye country
Re: Nigeria Borrowed $2,029 Per Second In Just 12months by AdesegunSanni89: 7:21pm On Dec 05, 2017
thunderbabs:
Na buhari borrow d money treat himself for 5 months na...make e find d money pay. Or mk he collect hin brother own for switzerland, abacha to pay part of d debt....yeye country
Dry joke from a miserable ipob wannabe
Re: Nigeria Borrowed $2,029 Per Second In Just 12months by Icon79(m): 7:27pm On Dec 05, 2017
This sovereign (national) debt game is actually a shell game so I wouldn't worry about it too much. The last time I checked, practically every country in the world has a national debt: from United States to China, from Japan to Germany, etc. Which begs the question, who owns all these debts? If the richest and the biggest countries all have national debts, who are they borrowing from? Someone would say from the World Bank and the IMF. Well, the last time I check, neither the World Bank nor the IMF has any store or anything of economic value so how do they make their money to lend to other countries?


O pari

Databod:
In 2006, Nigeria paid about $12.4bn to its foreign creditors in other to enjoy the $18bn debt write off, from the country’s total external debt of about $30bn. Nigerians heaved a sigh of relieve from the crippling debt overhang.

However, since 2010, Nigeria's debts have been increasing at an alarming rate. The rate of growth in Nigeria’s debt profile between 2015 and 2017 is particularly worrisome.

In just 12 months (July 2016 - July 2017), Nigeria borrowed an average of $2,029 per second.

As at June 2017, Nigeria's total debt stood at $64billion i.e. Total Domestic debt = $49billion. Total foreign debt = $15billion. Using the official population figure of 186million, the total debt per citizen is $344 ~ N105,000.


Here are more stats: http://databod.com/economy/nigeria-debt-profile-2007-2017/

1 Like

Re: Nigeria Borrowed $2,029 Per Second In Just 12months by Nobody: 7:27pm On Dec 05, 2017
AdesegunSanni89:
the stealing mentality of PDP dey worry you. Just because your party PDP is synonymous with stealing, looting and breaking pipelines doesn’t mean you should accuse APC of such.

PDP- pipeline destroying party
PDP- Poverty development party
PDP- Poverty distribution party
PDP- Politically dead party
BMC spokesman

Tuale sir!!!

I hope you have received your November wage.

shocked

4 Likes

Re: Nigeria Borrowed $2,029 Per Second In Just 12months by michoim(m): 7:37pm On Dec 05, 2017
That is not too much
Re: Nigeria Borrowed $2,029 Per Second In Just 12months by ratcock: 7:38pm On Dec 05, 2017
This is serious.
Re: Nigeria Borrowed $2,029 Per Second In Just 12months by bezimo(m): 7:42pm On Dec 05, 2017
Databod:
In 2006, Nigeria paid about $12.4bn to its foreign creditors in other to enjoy the $18bn debt write off, from the country’s total external debt of about $30bn. Nigerians heaved a sigh of relieve from the crippling debt overhang.

However, since 2010, Nigeria's debts have been increasing at an alarming rate. The rate of growth in Nigeria’s debt profile between 2015 and 2017 is particularly worrisome.

In just 12 months (July 2016 - July 2017), Nigeria borrowed an average of $2,029 per second.

As at June 2017, Nigeria's total debt stood at $64billion i.e. Total Domestic debt = $49billion. Total foreign debt = $15billion. Using the official population figure of 186million, the total debt per citizen is $344 ~ N105,000.


Here are more stats: http://databod.com/economy/nigeria-debt-profile-2007-2017/

Thunder fire this useless propaganda Bingohari led govt and all their supporters. Borrowing money and looting it codely and improvershing the incoming and unborn generation...Not so.Who cursed Nigeria?
Re: Nigeria Borrowed $2,029 Per Second In Just 12months by 4Play(m): 7:52pm On Dec 05, 2017
Leystra:
CURRENT US DEBT

Economic illiterates use the US debt as an analogy without understanding that the US is borrowing in its own currency, that the US is a superpower with a currency which acts as the world's reserve currency.

Nigeria is borrowing in a foreign currency with the intent of paying back with local currency tax revenues. By doing this, it risks significant problems in the form of currency depreciation.

3 Likes 1 Share

Re: Nigeria Borrowed $2,029 Per Second In Just 12months by Mintek: 8:00pm On Dec 05, 2017
Yyeske:
OP if may ask, who accumulated much of that debt and whose regime?

Your paymaster, Buhari did.
Ye BMC member, from IPOB attack unit.

1 Like

Re: Nigeria Borrowed $2,029 Per Second In Just 12months by thunderbabs: 8:06pm On Dec 05, 2017
AdesegunSanni89:
Dry joke from a miserable ipob wannabe

Okay. U v made ur point. Plz, move
Re: Nigeria Borrowed $2,029 Per Second In Just 12months by djkall(m): 8:12pm On Dec 05, 2017
AdesegunSanni89:
Tell us how much GEJ/PDP government stole per second.
This your propaganda is no longer selling
Try other methods
You are way behind

1 Like

Re: Nigeria Borrowed $2,029 Per Second In Just 12months by cstr1000: 8:15pm On Dec 05, 2017
4Play:


Economic illiterates use the US debt as an analogy without understanding that the US is borrowing in its own currency, that the US is a superpower with a currency which acts as the world's reserve currency.

Nigeria is borrowing in a foreign currency with the intent of paying back with local currency tax revenues. By doing this, it risks significant problems in the form of currency depreciation.
You are too smart for this thread.

Just read and move on. Even me sef, will soon move out of Nigeria.

I need to provide a future for my kids.
Re: Nigeria Borrowed $2,029 Per Second In Just 12months by nextstep(m): 8:17pm On Dec 05, 2017
Wasn't one of Buhari's criticisms of GEJ the amount of debt? Looks like PMB says one thing and does another, in every economic decision.

1 Like

Re: Nigeria Borrowed $2,029 Per Second In Just 12months by AdesegunSanni89: 9:31pm On Dec 05, 2017
simijimi:
BMC spokesman

Tuale sir!!!

I hope you have received your November wage.

shocked
Am glad and proud to be a BMC member, at least i’ll Keep my job in BMC till 2023.
Re: Nigeria Borrowed $2,029 Per Second In Just 12months by AdesegunSanni89: 9:34pm On Dec 05, 2017
cstr1000:

You are too smart for this thread.

Just read and move on. Even me sef, will soon move out of Nigeria.

I need to provide a future for my kids.
wherever you are moving to, please don’ start a baby factory there or start importing fake drugs or selling drugs to teenagers, cos these are the vices your Igbo tribesmen are notorious for. Just an advice.
Re: Nigeria Borrowed $2,029 Per Second In Just 12months by classicfrank4u(m): 9:34pm On Dec 05, 2017
wat exactly will happen if we can't pay back?? will Dy sieze our country cheesy
Re: Nigeria Borrowed $2,029 Per Second In Just 12months by cstr1000: 9:52pm On Dec 05, 2017
AdesegunSanni89:
wherever you are moving to, please don’ start a baby factory there or start importing fake drugs or selling drugs to teenagers, cos these are the vices your Igbo tribesmen are notorious for. Just an advice.
If you quote me again, I would make you contemplate your sad miserable existence.

Useless skull miner sired from a line of sango worshipping mongrels.

1 Like

Re: Nigeria Borrowed $2,029 Per Second In Just 12months by UncleSnr(m): 2:00am On Dec 06, 2017
cstr1000:

If you quote me again, I would make you contemplate your sad miserable existence.

Useless skull miner sired from a line of sango worshipping mongrels.
Where is the CHILL? embarassed shocked
Re: Nigeria Borrowed $2,029 Per Second In Just 12months by Nobody: 8:34am On Dec 06, 2017
Now we are mortgaging our future on the platform of ethnic and partisan politics...what hope do the common man have...Atiku is the answer to our failed economic policy/policies
Re: Nigeria Borrowed $2,029 Per Second In Just 12months by salesforce: 8:39am On Dec 06, 2017
Oh
Re: Nigeria Borrowed $2,029 Per Second In Just 12months by Hope15: 9:02am On Dec 06, 2017
Per Second Borrowing........Glo Style!

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