Vice President Yemi Osinbajo has said the Buhari-led administration inherited a debt of $63 billion and has only borrowed $10 billion since it took office in 2015.
He made the disclosure in Ibadan on Saturday during the 9th Public Lecture of Sigma Club at the International Conference Centre, University of Ibadan.
NAN reports that Osinbajo delivered a lecture entitled “Developing the Nation Through Youth Empowerment.”

He said: “In 2010, our debt was $35 billion, $41 billion in 2011, $48 billion in 2012, $64 billion in 2013, $67.7 billion in 2014, $63.8 billion in 2015, $57.8 billion in 2016, $70 billion in 2017 and $73 billion in 2018” he said.

“The nation’s debt as at today is $73 billion, an increment of $10 billion from the $63 billion inherited in 2015.”

He said the nation’s oil earnings was $119.8 billion between 1990 and 1998, $481 billion from 1999 to 2009 and $381 billion from 2010 to 2014, while the present administration has only earned $112 billion from June 2015.

“The earnings from oil from 2010 to 2014 were the highest recorded in the history of the country. This is a period when the price of oil per barrel rose from $100 to $114.”

Giving examples of a $67 million transaction carried out in 2015, the vice president said the most important drain on the nation’s public purse was grand corruption, saying the nation would earn more revenue if such was addressed.
https://www.vanguardngr.com/2018/10/we-inherited-63bn-debt-borrowed-10bn-since-2015-osinbajo/

Blame blame government

See how being in the coven have change a supposed well educated pastor into a shameless chronic liar and buck passer. How he should have known that being in the corridor of power is a transient phenomenon.

Shameless lying pastor, Instead of changing it like you said initially, you went to China to borrow more

I beg who lie pass between Osinbanjo & Mohammed?

Nah! I give up on this government! so the debt management office is lying while Osinbajo is right? Hahaahhahahaa APC thecrumbling house of liars, rogues and hypocrites.

When Buhari is going back to Duara in 2019, and his bus spoils because of potholes, I wonder who Osibande will blame.

Premium Times

FACT-CHECK: How accurate is Osinbajo’s claim on Nigeria’s debt profile

The Vice President, Yemi Osinbajo, on Saturday, October 27, said Nigeria’s debt was $73 billion, a $10 billion increase from $63 billion the present administration inherited in 2015.
He made the disclosure in Ibadan on Saturday during the 9th Public Lecture of Sigma Club at the International Conference Centre, University of Ibadan.
THE CLAIM

“In 2010 our debt was $35 billion, $41 billion in 2011, $48 billion in 2012, $64 billion in 2013, $67.7 billion in 2014, $63.8 billion in 2015, $57.8 billion in 2016, $70 billion in 2017 and $73 billion in 2018.
“The nation’s debt as at today was $73 billion, an increment of $10 billion from the $63 billion inherited in 2015,”

VERIFICATION OF CLAIM

To verify the claim, PREMIUM TIMES and Dubawa, used data from the Debt Management Office (DMO), the agency officially responsible for managing Nigeria’s debt.

According to the DMO, as at June 2015, the external debt of the Federal Government of Nigeria (FGN) and the 36 states was $10.316 billion; domestic debt (FGN only) was $42.633 billion while domestic debt of states was $10.856 billion. These give a total public debt of $63.806 billion as at June 2015.
Also, according to the same document from Debt Management Office, the total public debt as at June 2018 stood at $73.207 billion with breakdown as follows: federal government and the 36 states owed $22.083 billion, domestic debt (FGN Only) was $39.749 billion and total domestic debt of states and the FCT stood at $11.374 billion.

Further analysis of Nigeria’s debt also revealed that in 2012, Nigeria’s debt was $48.496 billion; in 2013, it was $64.509 billion; in 2014, it was $67.726 billion; in 2016, it stood at $57.391 billion; and as at December 31, 2017, the total debt was $70.999 Billion.

These official figures tally with those quoted by the vice president who said “In 2010 our debt was $35 billion, $41 billion in 2011, $48 billion in 2012, $64 billion in 2013, $67.7 billion in 2014, $63.8 billion in 2015, $57.8 billion in 2016, $70 billion in 2017 and $73 billion in 2018.”

There was no available record on the website of the Debt Management Office for 2010 and 2011; so it is difficult to verify Mr Osinbajo’s debt figures for those two years.

However, going by available data on public debt from 2012 till date, the total debt of the country in 2015 was $63.806 billion while the current debt figure as at June 2018 stood at $73.207 billion. Both are same as the figures quoted by the vice president on Saturday.
Therefore, the claim by the vice president that the Buhari administration has increased the nation’s debt by $10 billion from $63 billion it inherited in 2015 is TRUE.

This dwarf and satanic pastor can lie sha.

I swear this man is becoming more clueless and shameless than buhari.