ASPchris:
Nawaah, This change is real, lol

no be small

A hard working affidavit dullard.

aimuan:
any proof to back up your claim?

google it....Lazy youth!!

amc:
Oga Bello is an illiterate just like many of the posters here who are busy abusing the President. See the June 2015 debt profile below.

https://www.dmo.gov.ng/debt-profile/total-public-debt/54-total-public-debt-stock-as-at-30th-june-2015/file

isthatso:


google it....Lazy youth!!

That fact that you think every news on Google Search is true speaks volume of how bad our education system is.

aimuan:
That fact that you think every news on Google Search is true speaks volume of how bad our education system is.

the fact that you inferred that i said every news on google is true speaks volumes on your education.

I said google it, there is fake, there is fact, your brain will tell you which is credible....assuming you do have a brain and know how to use it.....which from your post is highly doubtful!

if you googled "nigerian debt" you would have found this link to the official source which a sensible Nigerian had already posted. it is the 4th on the list of results. There is no other more credible source of our debt levels that the debt management office.

the problem with you wailers and Igbos is you are not interested in truth or facts but propaganda and hate to justify your miserable existence!!!

PassingShot:
Liars.

Confusionista

Kelvin30286063:
Liar liar pants on fire! They will just open their mouth and be saying anything just because they hate the person in power. Like they won't do worse if they are there.

So what is ur opinion now?

isthatso:
the sad thing is that the man was MD of 3 banks. do any of those banks still exist? a man who cannot get his figures right or understand the importance of debt in infrastructure financing and development.

the road or rail or hospital you do not build today because you say you have no money, will cause poverty and unemployment and when you eventually save the money to build it it will cost you 10 times more. it is better to be paying interest on $1b for the next 20 years and have good roads than to suffer for 20 years and still have to borrow $20b to build the same road and pay interest on $20b!


it just shows the calibre of people managing our institutions including private. For the record and this is confirmed by the DMO, Buhari inherited debt of $64B not $10b

"Nigeria’s debt stood at $35bn in 2010, $41bn in 2011, $48bn in 2012, $64bn in 2013 and $67.7bn in 2014 but as at handover, it was $63.8bn."

How much is it now,?

poiZon:

How much is it now,?

did you look at the title of this thread? why are my people so daft? tommorow you will fail exams and say it is ibo witch hunt or blame Buhari!!

opportunes:
Nigeria is going down everyday because of borrowing and corruption

No beat bush. Call it what it is... stealing by government, ole, barawo, oyonshi

isthatso:



did you look at the title of this thread? why are my people so daft? tommorow you will fail exams and say it is ibo witch hunt or blame Buhari!!

Who r ur people pls?

Why r they so daft mbok?

Can i be of help to ameliorate ur daftness?

GogobiriLalas:
America is oweing $23t what is a common $28b? Something Bill Gates uses to drink coffee in the morning...abegi borrow dollar let's chop and quench for we know not what tomorrow may bring.

See https://en.wikipedia.org/wiki/Confessions_of_an_Economic_Hit_Man for the difference between American debts and AFRICAN debts.

If you can, read the book.

poiZon:

Who r ur people pls?

Why r they so daft mbok?

Can i be of help to ameliorate ur daftness?

you 1st must know what it means to be daft otherwise how do you know when i am cured?

isthatso:

you 1st must know what it means to be daft otherwise how do you know when i am cured?

You r confusing confusion.


Take ur time, find something n eat.
When u r done lemme knw so i can relate with u.
Its like u r responding under the influence of extreme hunger.


Bros later

PassingShot:

Go educate yourself about the debt portfolio and what each government borrowed.

https://twitter.com/AjuriNgelale/status/1191399229064929280

The status is fluff without substance. Exchange rate has changed, so just show the dollar value instead of the naira value. And show how much was borrowed in dollars by past administrations.

He did state further down the page how much each president earned and spent in DOLLARS. Awesome.

He claimed this government has only earned $2.49 billion from crude in 5 years. Even devil open mouth. A quick google search showed Nigeria earned $54 billion in 2018 alone!

poiZon:

You r confusing confusion.


Take ur time, find something n eat.
When u r done lemme knw so i can relate with u.
Its like u r responding under the influence of extreme hunger.


Bros later

thanks, but no thanks..... I dont want to drag my IQ down

colorsofrainbow:
So if Nigeria finally disintegrates,how will Nigeria pay back this huge debt??
I'm just asking...

same question I ask myself.

CSTR2:

The vast majority of the debt buhari haa incurred cannot repay itself.
It was utilised in unproductive projects like university of transport in daura, ruga and many other nonsense.
Projects like the failed Nigeria air have been used as a conduit to loot borrowed funds.
Buhari is not going to repay those debts in eight years.

You truly are dumb. Don't hurt your brain trying to make sense.

Just stick to bigotry and leave economics to sensible people.

You can't even comprehend what I wrote. You wasted your father's School fees . Stupid boy.

Wherei is
he should come and see his buhari

Freehuman:

You can't even comprehend what I wrote. You wasted your father's School fees . Stupid boy.

Madness and stupidity must be genetic to you.

Illiterate that don't want education.

isthatso:
the sad thing is that the man was MD of 3 banks. do any of those banks still exist? a man who cannot get his figures right or understand the importance of debt in infrastructure financing and development.

the road or rail or hospital you do not build today because you say you have no money, will cause poverty and unemployment and when you eventually save the money to build it it will cost you 10 times more. it is better to be paying interest on $1b for the next 20 years and have good roads than to suffer for 20 years and still have to borrow $20b to build the same road and pay interest on $20b!


it just shows the calibre of people managing our institutions including private. For the record and this is confirmed by the DMO, Buhari inherited debt of $64B not $10b

"Nigeria’s debt stood at $35bn in 2010, $41bn in 2011, $48bn in 2012, $64bn in 2013 and $67.7bn in 2014 but as at handover, it was $63.8bn."

See them they must surely frame up something to cover their clueless we dan wise up if you like draw map showing bubu is working the economy and faces of the masses will always reply you people.

Kenneth10110:



See them they must surely frame up something to cover their clueless we dan wise up if you like draw map showing bubu is working the economy and faces of the masses will always reply you people.

One thing Nairaland has proven beyond any doubt is that I share this country with a lot of retards!!!!

Plenty olodos abound.

https://www.dmo.gov.ng/debt-profile/total-public-debt/59-total-public-debt-stock-as-at-31st-december-2014-1/file

teekay213:
Can this bubu just drop dead

And he wants to borrow another billions of dollars which is now under the Senate to sign.

At least we know PDP lavish money and we all can see how senators and PDP politician spent money

But APC we no see any development, no project, money is not in circulation.

Where dem dey put the money

Hehehehe

GogobiriLalas:
America is oweing $23t what is a common $28b? Something Bill Gates uses to drink coffee in the morning...abegi borrow dollar let's chop and quench for we know not what tomorrow may bring.

There’s no problem with owing Quadrillion Trillions - if you can COMFORTABLY service it...
Nigeria’s debt-service ratio is 67%, meaning the FG uses 67kobo of every Naira in revenue to service its debt (pay interest).

In effect, the FG is left with only 33 kobo out of every Naira in revenue to “develop” Nigeria...
Given that the FG’s recurrent expenditure is about 70%, only 30% of that 33% is used for capital expenditure.

In other words, for every Naira of revenue, the FG has about 10kobo available to spend on infrastructure, healthcare, education, etc.
>

That means each Nigerian is owing #500 dollar for now


Buhari well-done

ThisCouldBeUs:
If you voted Buhari and come here to complain, God go punish you.

Amen

9jaRealist:


There’s no problem with owing Quadrillion Trillions - if you can COMFORTABLY service it...
Nigeria’s debt-service ratio is 67%, meaning the FG uses 67kobo of every Naira in revenue to service its debt (pay interest).

In effect, the FG is left with only 33 kobo out of every Naira in revenue to “develop” Nigeria...
Given that the FG’s recurrent expenditure is about 70%, only 30% of that 33% is used for capital expenditure.

In other words, for every Naira of revenue the FG has about 10kobo available to spend on infrastructure, healthcare, education, etc.
>

Your post is quite enlightening; I was being sarcastic but I appreciate the education.

Hmmmm

CSTR2:

Madness and stupidity must be genetic to you.

Illiterate that don't want education.

silly boy.

God will help us