cooldipo:
Who will save us?

obedugo:
Buhari and Apc don't mean well for this country and anybody that defend them thunder will fire the person

Davidchibex:
- Vice-presidential candidate of the PDP, Peter Obi says the debt issue is an indication that the nation is collapsing
- He said the situation of Nigeria as of today requires an aggressive approach to ameliorate the situation
The vice-presidential candidate of the Peoples Democratic Party (PDP), Peter Obi, has decried the current high debt profile which the present federal government administration of President Muhammadu Buhari plunged the country into.
He said it was quite unfortunate that Nigeria was owing $30 billion some time ago and the creditors cancelled the debts for the nation to move forward, lamenting that now the Buhari's government has plunged the country into a deeper debt profile to the tune of $80 billion.
The former governor of Anambra state, further said the issue is an indication that the nation is collapsing.
He made the comments inside Onitsha prisons during the 65th birthday ceremony of the Metropolitan Archbishop of Onitsha Catholic Ecclesiastical Province, His Grace, Most Rev. Valerian Maduka Okeke.
He also said over 13.5 million Nigerian children are not in school, just as unemployment rate is nothing to write home about.
According to him, his choice as the vice presidential candidate of the main opposition party, does not in any way call for celebration, “because the situation of Nigeria as of today requires an aggressive approach to ameliorate the situation."
He stated that if elected as vice president, he would personally work for the renovation of all the schools in the country.
Similarly, a former deputy national publicity secretary of the All Progressives Congress, Comrade Timi Frank, has described the astronomical rise in Nigeria’s foreign debt portfolio under the present administration as worrisome.
Frank who expressed his concerns in a statement sent to
Legit.ng , also pleaded with the Chinese and other foreign governments to be wary of granting loans to the Buhari's government.
He stated that despite over 100% rise in the nation’s external debt, there is little or nothing on ground - in terms of concrete economic, social and infrastructural development to justify the huge debt already incurred by the present administration.

Buterflyle0:
See the stupid logic he is applying. So debt collapses currency value when the same debt is evidently being put into infrastructure?

Peter Obi is just a joke if this is how he reasons.

If this were the case, why hasn't the value of the dollar collapsed with the trillions of dollars of debt hanging on USA?

I repeat, Peter Obi is an economic Joke

Davidchibex:
Mr Man,Peter Obi stressed on debt and not currency increasing or collapsing.
Don't post silly when you don't understand the write up.

allthingsgood:
[s][/s]

USELESS SILLY LIES FROM THE PITS OF HELL!!

sAI BABA 2023

Buterflyle0:
See the stupid logic he is applying. So debt collapses currency value when the same debt is evidently being put into infrastructure?

Peter Obi is just a joke if this is how he reasons.

If this were the case, why hasn't the value of the dollar collapsed with the trillions of dollars of debt hanging on USA?

I repeat, Peter Obi is an economic Joke

cooldipo:
Who will save us?

Davidchibex:
- Vice-presidential candidate of the PDP, Peter Obi says the debt issue is an indication that the nation is collapsing
- He said the situation of Nigeria as of today requires an aggressive approach to ameliorate the situation
The vice-presidential candidate of the Peoples Democratic Party (PDP), Peter Obi, has decried the current high debt profile which the present federal government administration of President Muhammadu Buhari plunged the country into.
He said it was quite unfortunate that Nigeria was owing $30 billion some time ago and the creditors cancelled the debts for the nation to move forward, lamenting that now the Buhari's government has plunged the country into a deeper debt profile to the tune of $80 billion.
The former governor of Anambra state, further said the issue is an indication that the nation is collapsing.
He made the comments inside Onitsha prisons during the 65th birthday ceremony of the Metropolitan Archbishop of Onitsha Catholic Ecclesiastical Province, His Grace, Most Rev. Valerian Maduka Okeke.
He also said over 13.5 million Nigerian children are not in school, just as unemployment rate is nothing to write home about.
According to him, his choice as the vice presidential candidate of the main opposition party, does not in any way call for celebration, “because the situation of Nigeria as of today requires an aggressive approach to ameliorate the situation."
He stated that if elected as vice president, he would personally work for the renovation of all the schools in the country.
Similarly, a former deputy national publicity secretary of the All Progressives Congress, Comrade Timi Frank, has described the astronomical rise in Nigeria’s foreign debt portfolio under the present administration as worrisome.
Frank who expressed his concerns in a statement sent to
Legit.ng , also pleaded with the Chinese and other foreign governments to be wary of granting loans to the Buhari's government.
He stated that despite over 100% rise in the nation’s external debt, there is little or nothing on ground - in terms of concrete economic, social and infrastructural development to justify the huge debt already incurred by the present administration.

resurgent4oodua:
[/s][s]

Igbos cannot assume power through the backdoor after insulting the whole nation.

#istandwithbuharitill2023

dewumi77:
If we have to go by his insinuation, USA should be collasing too.
Debt is not so much a great problem, what matters is what its been used for, PMB borrowed to build infrastructure, while some borrowed and shared it amoungst themselves.

curfew:
.. and the solution is to vote you in as VP.

Look Mr. Obi tuary, you are late. A ti ku.

Davidchibex:
You spoke like a wise man from the beginning of your write up but unfurtunately,you close it with a bomb blast.
Please mention the infrastructures PMB borrowed such amount to build.

dewumi77:

Where do you want me to start from? PMB's projects are everywhere for us all to see, there is no state you will get to that you won't see at least two or more projects under construction, yes PMB is not perfect, no one is! But when it comes to bridging infrastructure deficit we have to give it to PMB.

Davidchibex:
Oga,I would like to explain what infrastructure means for you.The word Infrastructure refers to the fundamental facilities and systems serving a country, city, or other area,including the services and facilities necessary for its economy to function. Infrastructure is composed of public and private physical improvements such as roads, bridges, tunnels, water supply, sewers, electrical grids, and telecommunications (including Internet connectivity and broadband speeds). In general, it has also been defined as "the physical components of interrelated systems providing commodities and services essential to enable, sustain, or enhance societal living conditions.so if as you wrote that he tries so much like no person do in bridging,what about other aspects.? Is it your responsibilities?

Buterflyle0:


You are actually the silly one since you didn't see my focus was also on debt and what it was used for

Don't post silly when you don't understand my comment

Davidchibex:
Some people will be insane and would never swallow their pride and take corrections.
Please readers,where did Mr Obi mention "currency collapsing"in this article?
He said that when a country is in so much debt,that it is an indication that the nation is collapsing.
And this Mr Right posted jargon and still be claiming right over it.
Keep claiming ITK to your self.

Buterflyle0:


And in your rètardéd way of reasoning a collapse of a country is not linked to its currency as well?

When a country has a very strong currency or deliberately devalues its currency due to its strenght as a nation would they country still collapse?

When a country is already weakened and its currency follows , then would you have a collapse.

This is a one two step in economics. Stop spewing nonsense. You are not smart by half

curfew:
.. and the solution is to vote you in as VP.

Look Mr. Obi tuary, you are late. A ti ku.

Davidchibex:
I understand you are yet to get rid of your milky brain.
A collapsed nation have little or nothing to do with it's currency.Mr Right,so all this Killings,Looting and debts are not enough to collapse a nation to your understanding?
Can debts devalue the state of currency in a nation?
No way,and that's what Mr Obi means.If you trying to be smart,don't misquote any analyst after reading an article.
Let me still give you an insight,China as the most populous country in the world are presently facing corruption and it is rapidly affecting their nation.
There can never be a 24 hours without an unexpected running up and down in China.
One can easily say that China as a nation is collapsing but then,1000 Chinese Yuan is still equals to #52,278.11k.
Does that affect their currency in any way?
Just like Wisdom have nothing to do with age,Nation collapsing in regards to debts as Mr Obi said have nothing to do with collapsing or devalueing the state of currency.
Take it or get stock with your confusion.