I read this, our national debt is $57.39 billion the government isn't too concerned about paying it up all everyone is thinking about is the present it's always the present no one is concerned about the huge debt we are piling for the unborn generation

When will we pay our debts in Nigeria

https://www.vanguardngr.com/2017/02/nigerias-total-debt-profile-57-39bn-dmo-boss/

Debt is not necessarily a bad thing
Its not about paying debt. Its about applying the loan judiciously

blackpanda:
Debt is not necessarily a bad thing
Its not about paying debt. Its about applying the loan judiciously

how have we been applying the billions?

danvon:
how have we been applying the billions?

How. much is America's debt? Seems you don't really know much about the nature of National debt and how it works. Check America's debt and get back to me.

MrMystrO:


How. much is America's debt? Seems you don't really know much about the nature of National debt and how it works. Check America's debt and get back to me.

Again with the international argument who cares about America? Am I from America I'm asking a question relating to Nigeria it's none what happens in America

danvon:
Again with the international argument who cares about America? Am I from America I'm asking a question relating to Nigeria it's none what happens in America

Who cares about America? but our constitution was modeled after theirs?? And our economic systems after theirs too?? You have to care about America whether you like it or Not.

Anyway my point is i don't think you're very well read on debt analysis and management and so your question is sounding like that of a Novice in that area. Do more research on it first and maybe then you'll start asking the right Questions then. Have a great day.

danvon:
how have we been applying the billions?

Isnt it interesting that in a period of recession the govt was still able to give bailout funds to all states that needed it, regardless of political party or ethicity?? How about completion of abuja rail, rice revolution, massive investments in agric, lagos ibadan road construction, 2nd niger bridge, east west road and a whole lot of others

MrMystrO:


Who cares about America? but our constitution was modeled after theirs?? And our economic systems after theirs too?? You have to care about America whether you like it or Not.

Anyway my point is i don't think you're very well read on debt analysis and management and so your question is sounding like that of a Novice in that area. Do more research on it first and maybe then you'll start asking the right Questions then. Have a great day.

I've made my point clear your not from America I'm not from America I don't know what goes on their what I know is what I watch on TV which is highly unreliable

Novice in that area? Asking the right questions? let's keep borrowing more then

blackpanda:


Isnt it interesting that in a period of recession the govt was still able to give bailout funds to all states that needed it, regardless of political party or ethicity?? How about completion of abuja rail, rice revolution, massive investments in agric, lagos ibadan road construction, 2nd niger bridge, east west road and a whole lot of others

Anyone would have thought the oil would have been enough to do all that clearly it's not, moreso who are you leaving the debts for

I was curious when I saw d figure cos I know our debt is more than that but I also see that d link is a Feb 2017 report talking about 2016 debt.

Debt is not really a bad thing, how it's being spent is d most important factor. If u use it for infrastructural developments, d infrastructures will pay back.