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Nairaland Forum / Nairaland / General / Politics / Nigeria Owes N25.7 Trillion – DMO (7608 Views)
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Re: Nigeria Owes N25.7 Trillion – DMO by Kenturkey048(m): 6:56am On Nov 26, 2019 |
sylve11:No. They won't..if it was Jonathan they would have jumped on the street to protest like cowards been remoted. |
Re: Nigeria Owes N25.7 Trillion – DMO by Kenturkey048(m): 6:57am On Nov 26, 2019 |
sweetonugbu:13. Trillion |
Re: Nigeria Owes N25.7 Trillion – DMO by airbrush: 6:59am On Nov 26, 2019 |
Quincykay: i swear nairaland zombies are not human ! how can a human being thinks like this !!!! just imagine this logic |
Re: Nigeria Owes N25.7 Trillion – DMO by Kenturkey048(m): 7:00am On Nov 26, 2019 |
omowolewa:Dasukis' loot isn't a debt..it was abachas' loot..abachas' loot that was relooted.. |
Re: Nigeria Owes N25.7 Trillion – DMO by Nobody: 7:05am On Nov 26, 2019 |
Sai Babarian financial policies Cc lzaa gmbuharii afamed helinues omenka greenback rekhina 2 Likes 2 Shares
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Re: Nigeria Owes N25.7 Trillion – DMO by Quincykay: 7:06am On Nov 26, 2019 |
airbrush: It's ok. Nairaland is just a place for many to unload... I understand. Once in a while though, if you try, you might learn something. |
Re: Nigeria Owes N25.7 Trillion – DMO by capitalzero: 7:07am On Nov 26, 2019 |
it is not much.about #125000 per head.lol |
Re: Nigeria Owes N25.7 Trillion – DMO by Darkgini: 7:16am On Nov 26, 2019 |
Debt stock grows and declines in relation to additional borrows and debt service. Our debt service cost is alarming. |
Re: Nigeria Owes N25.7 Trillion – DMO by sweetonugbu: 7:18am On Nov 26, 2019 |
Kenturkey048:chisos, so obj, yar,adua and gej managed 10 trillion under sixteen years while saint bubu did his in four years |
Re: Nigeria Owes N25.7 Trillion – DMO by Bellotelli: 7:22am On Nov 26, 2019 |
That's Buhari's debt, not Nigeria's. |
Re: Nigeria Owes N25.7 Trillion – DMO by Nobody: 7:22am On Nov 26, 2019 |
# govt of thieves, by thieves, for brain dead simpletons! |
Re: Nigeria Owes N25.7 Trillion – DMO by Kenturkey048(m): 7:25am On Nov 26, 2019 |
sweetonugbu:record breaking...don't worry before 2023 it will be 30trillion..I made mistake....its saint bubu borrowed 13.trillion. |
Re: Nigeria Owes N25.7 Trillion – DMO by sweetonugbu: 7:27am On Nov 26, 2019 |
Kenturkey048:what did they use it to do abeg. |
Re: Nigeria Owes N25.7 Trillion – DMO by Kenturkey048(m): 7:28am On Nov 26, 2019 |
sweetonugbu:I don't know oooh....maybe we both check out the country..who knows,,we might locate what it was used for. |
Re: Nigeria Owes N25.7 Trillion – DMO by sweetonugbu: 7:33am On Nov 26, 2019 |
Kenturkey048:u are the man we sabi 1 Like |
Re: Nigeria Owes N25.7 Trillion – DMO by SalamRushdie: 8:04am On Nov 26, 2019 |
Burgerlomo: Name 50 people in Nigeria that can pay this back |
Re: Nigeria Owes N25.7 Trillion – DMO by Sultannayef: 8:05am On Nov 26, 2019 |
shosky1794: Dear “Economist”, Debt should be measured by debt repayments to revenue. Debt to GDP is a wrong and misleading measure. You pay debt not by the size of GDP, but by how much revenues you are getting through tax and non-tax. If you go by debt repayments to revenue, you will see that Nigeria uses huge resources to service debt, mostly the domestic debt though. This shrinks funds for capital expenditure and public investment and thereby undermines economic development. |
Re: Nigeria Owes N25.7 Trillion – DMO by hush15: 8:10am On Nov 26, 2019 |
Racoon:Naija matter tire me. Like Reno, I won't put mouth again |
Re: Nigeria Owes N25.7 Trillion – DMO by Yaro005: 8:19am On Nov 26, 2019 |
Racoon: |
Re: Nigeria Owes N25.7 Trillion – DMO by bilulu(m): 8:22am On Nov 26, 2019 |
shosky1794:See them bringing out their heads.... when those guys borrow you see what they use it for, the being borrowed what have we been using it for? What is the essence of borrowing? As you compare our debt profile with those guys can you also compare the developmental strides? |
Re: Nigeria Owes N25.7 Trillion – DMO by Stakeholders(m): 8:25am On Nov 26, 2019 |
Kenturkey048:How? 22 - 11 ( trillion) will give you what? |
Re: Nigeria Owes N25.7 Trillion – DMO by bankylan: 8:34am On Nov 26, 2019 |
shosky1794: You are Olodo. GDP is not a measure of well-being. Comparing a productive country with a very high per capital income with Nigeria isn't brilliant. To complicate the matter, over 50% of our revenue is being used for debt servicing and a chunk goes to recurrent expenditure; and we have a very high population. |
Re: Nigeria Owes N25.7 Trillion – DMO by shosky1794: 8:35am On Nov 26, 2019 |
Sultannayef: One of the reasons for borrowing in the first place is to improve infrastructures. You can talk about sincerity of purpose but if we need real development, there's no way we will not borrow more |
Re: Nigeria Owes N25.7 Trillion – DMO by shosky1794: 8:41am On Nov 26, 2019 |
bankylan: You guys just can't be civil in any public discourse. 50% of our revenue for debt servicing? I will like to know where you get this information from. GDP: 'It functions as a comprehensive scorecard of the country’s economic health' - Investopedia |
Re: Nigeria Owes N25.7 Trillion – DMO by shosky1794: 8:43am On Nov 26, 2019 |
bilulu: Now you are being emotional. Why is it that we only want to compare Nigeria to the western countries when it's really convenient for us. |
Re: Nigeria Owes N25.7 Trillion – DMO by witworth(m): 8:57am On Nov 26, 2019 |
sometimes tragedy helps takes one's mind off disaster. if this amount of money was spent well for the nation, Nigeria would be better than even south africa. but unfortunately, there is no difference between Nigeria and even Angola |
Re: Nigeria Owes N25.7 Trillion – DMO by DexterousOne(m): 9:07am On Nov 26, 2019 |
shosky1794: BETTER sharap Our debt profile is blowing And our infrastructural deficit is widening at the same time Does it make sense to you? Assuming our debt is going up And there are tangible results And our infrastructure deficit is closing There won't be much cause for alarm |
Re: Nigeria Owes N25.7 Trillion – DMO by Sultannayef: 9:47am On Nov 26, 2019 |
shosky1794: The problem is not borrowing. By the way some countries have debt to gdp ratio over 100%. The problem is public investment efficiency in Nigeria is extremely low. The moeny borrowed is not put to good use. There is so much leakages. Just to wrap up, we can not be fixated on debt to gdp ratio because it does not tell us whether Nigeria can repay her debts or whether the debts are sustainable without Nigeria drifting to debt distress. We need to talk about the ability of Nigeria to service these debts while pursuing meaningful economic and social development. |
Re: Nigeria Owes N25.7 Trillion – DMO by DennisEche(m): 11:45am On Nov 26, 2019 |
where are the naira land resident zombies? they can never comment on this type of thread |
Re: Nigeria Owes N25.7 Trillion – DMO by bilulu(m): 11:53am On Nov 26, 2019 |
shosky1794:You re the one being emotional because I’m always against we comparing Nigeria to other developed countries one sided. When you copied a country’s anti social media bill you fail to copy their developmental strides, when we compare our boarder closure to that of China we fail to compare what they did when their boarders were close to what we re doing. When you tell us uS is owing then you should compare what US used their loans for and what we have been using ours for..... my brother I’m not attacking you I’m only trying tell fellow Nigerians that if we must compare or copy from another country let’s copy their developmental strides and not the negative side |
Re: Nigeria Owes N25.7 Trillion – DMO by shosky1794: 12:18pm On Nov 26, 2019 |
bilulu: I'm not trying to support the govt of the day. Just saying that our borrowing is not out of place. Whether we like it or not the country will borrow just like many other countries. How we utilize those borrowings is another discussion |
Re: Nigeria Owes N25.7 Trillion – DMO by Kenturkey048(m): 12:26pm On Nov 26, 2019 |
Stakeholders:25.7-11 wil give you what ?? |
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