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Nairaland Forum / Nairaland / General / Politics / Lagos State Has Highest Foreign Debt In The Country- DMO (51819 Views)
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Re: Lagos State Has Highest Foreign Debt In The Country- DMO by Omoboricash(m): 5:34pm On Aug 29, 2018 |
It will be advisable to the developer to migrate to their various home town and city so that Lagos State would stop given them high taxes to pay. I believe there's port in Onne in PH, where there goods could be shipped in and cleared. PH is closer to South east. My cent advise 1 Like 1 Share |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by OvaSabi1(f): 5:34pm On Aug 29, 2018 |
Not bad. |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by Nobody: 5:36pm On Aug 29, 2018 |
allanphash7: The way they showed respect to Goodluck Jonathan, right? You ain't seen nothing. Besides, such a greedy and mindless thief deserves no respect. 1 Like |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by gift2xl: 5:36pm On Aug 29, 2018 |
U guys should try, any one that's appointed goes in and comes out happily leaving the state in a deplorable wheel chair condition. God is watching |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by Jaqenhghar: 5:37pm On Aug 29, 2018 |
What Niggerians call developed. LMBO |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by gaby(m): 5:38pm On Aug 29, 2018 |
DMO don go shake table ooo..dem don go remind some state governors say dem dey lag behind. Una go see as dm go begin try to outdo Lagos for the league table soon. Watch out.. 1 Like |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by allanphash7(m): 5:38pm On Aug 29, 2018 |
Ok sir!!! Hedonini: |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by ebenholer(m): 5:39pm On Aug 29, 2018 |
Now u can see how Nigeria has been sold out through debt to foreigners. |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by frowland(m): 5:40pm On Aug 29, 2018 |
MemeKing:China owes $4.3 Trillion, Brazil owes $3.6 Trillion. Nigeria owes about $5 billion. |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by NightKing: 5:40pm On Aug 29, 2018 |
That debt for Edo was partially from the PDP administration and more under osho Baba. Nothing to show from both administrations sadly. |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by Vested(m): 5:40pm On Aug 29, 2018 |
MemeKing: ...and China remains its biggest creditor. That also has to mean something, you know? |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by 12345baba(m): 5:41pm On Aug 29, 2018 |
One day the real owners of this country will come for us 1 Like 1 Share |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by Nobody: 5:41pm On Aug 29, 2018 |
Tinubu and osho doing the lord's work 1 Like |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by IMASTEX: 5:41pm On Aug 29, 2018 |
adodofemi:That is the problem. Lagos is understandable to an extent but Edo what?! There isn't nothing to justify Edo State been on the list. 1 Like |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by ebenholer(m): 5:43pm On Aug 29, 2018 |
Vested:Those countries u are referring to used the money borrowed to better the life of their citizens, not other way round as in the case if ur nation |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by prosnadis(m): 5:44pm On Aug 29, 2018 |
What is ur problem with ebonyi....ur just a clown. chuksanambra: 1 Like |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by ebenholer(m): 5:46pm On Aug 29, 2018 |
IMASTEX:There is nothing to justify Lagos being in debt, a state with monthly internal revenues that is up to thrice the allocations gotten from FG, and u think such state should be justified. How many Job opportunities has Ambode created since he assumed office, hundred of thousands u think. 1 Like |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by grandstar(m): 5:47pm On Aug 29, 2018 |
fergie001: A lot of these foreign debts were gotten at concessionary rates like 2% or less. I don't think state government get loans from overseas commercial banks so their interests payments are negligible. They still need to pay the principal though. Many of these loans are long term spanning like 20 years and putting aside 3% of the loan value into an annual sinking fund for 20years should be enough to either cover the loan or almost cover it. Interest payments at 2% amounts to only $29m a year or about 11billion for Lagos state. When you realise the state revenue inclusive of both FG and IGR amounts to at least 30b monthly, you'd accept Lagos state is capable of carrying it. 1 Like |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by ebenholer(m): 5:48pm On Aug 29, 2018 |
NightKing:Now PDP being blamed has not stopped abi.... |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by Redhot111(m): 5:50pm On Aug 29, 2018 |
And edo took the 2nd position no the thanks to that APC dwarf called Oshiomole. He will vomit all the money one day |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by Vested(m): 5:50pm On Aug 29, 2018 |
ebenholer: I am not talking about the debtor nation. Rather, I am talking about a Creditor instead. Debts are meant to be used to improve productivity in order for the debtor to be in a much better position to clear off their debts as well as be seen as credit-worthy. China, is also a debtor but the largest economy in the world (America) happens to be its largest debtor. That fact should ring a bell. 1 Like |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by ebenholer(m): 5:51pm On Aug 29, 2018 |
grandstar:Not holistic jystifying Lagos state being in debt, a state with monthly internal revenues that is up to thrice the allocations gotten from FG, and u think such state should be justified. How many Job opportunities has Ambode created since he assumed office, hundred of thousands u think. |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by giles14(m): 5:52pm On Aug 29, 2018 |
metroblogger:chai!!!!!! obiano has killed anambra 7th on the list |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by tiwiex(m): 5:52pm On Aug 29, 2018 |
MemeKing: We no dey owe sef. We go wear US debt like agbada. Our ow. Go be boxers inside. No. Handkerchief. |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by IMASTEX: 5:53pm On Aug 29, 2018 |
ebenholer:It is condemnable for Lagos to accrue such debt. But for that of Edo State?! The government that ever borrowed those money especially Osho's administration should be jail for the same number of years as the money borrowed, of course after converting the money in Naira. 1 Like |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by erico2k2(m): 5:55pm On Aug 29, 2018 |
MemeKing:cant U see the Debt working?? 1 Like |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by Nobody: 5:55pm On Aug 29, 2018 |
MemeKing:Compare united state states of development to Nigeria.Politicians in Nigeria are the ones mismanaging those loans. |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by Maket: 5:55pm On Aug 29, 2018 |
Even before opening the trade I know it must be Lagos BC all the massive development going on. Not bad since it is invested on infrastructures. |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by AreaFada2: 5:57pm On Aug 29, 2018 |
[quote author=adodofemi post=70724740]Indebted but obvious development to some extent. What has States like Edo done with theirs? [/quote ] You think importing oyinbo pepper wife cheap? Especially of you are charcoal? Please give Osho-omo-Ole some credit. |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by julybaba(m): 5:57pm On Aug 29, 2018 |
Bustincole:Do you pay tax? |
Re: Lagos State Has Highest Foreign Debt In The Country- DMO by AreaFada2: 5:57pm On Aug 29, 2018 |
Hmmmm |
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