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Nairaland Forum / Nairaland / General / Politics / Re: Obasanjo Gets External Debt Figures Wrong - APC Is Misquoting Obasanjo (548 Views)
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Re: Obasanjo Gets External Debt Figures Wrong - APC Is Misquoting Obasanjo by naijapips04: 6:47am On Dec 30, 2019 |
BMC and their crew, in order to make a fool of obasanjo are making fools of themselves. Obasanjo never referred to external debt, rather Nigeria's rising debt profile in general. Here is the exact reporting from THE NATION. Note the highlighted lines. Nigeria is crumbling under the huge weight of debt. Our revenue to debt ratio is very scary. In no distant time, up to 70% of our earnings would be used to service debt. If this is not worrying you as a youth in Nigeria, I wonder what would. MODS should please take that topic off the frontpage. Nigeria is rapidly sinking under the weight of foreign and domestic debts, and this should border us. 2 Likes 1 Share |
Re: Re: Obasanjo Gets External Debt Figures Wrong - APC Is Misquoting Obasanjo by Mynd44: 7:02am On Dec 30, 2019 |
How is this different from what was written? Nigeria's debt in 2015 was not $10.32 billion. That was what the article sought to clarify 1 Like 2 Shares |
Re: Re: Obasanjo Gets External Debt Figures Wrong - APC Is Misquoting Obasanjo by naijapips04: 7:04am On Dec 30, 2019 |
Mynd44: except obasanjo wasn't quoting Nigeria's external debt in his speech, as your front page article is purporting. 1 Like |
Re: Re: Obasanjo Gets External Debt Figures Wrong - APC Is Misquoting Obasanjo by Mynd44: 7:11am On Dec 30, 2019 |
naijapips04: Except that Nigeria's debt (both external and internal individually or collectively) was not $10.32 billion in 2015. So if he was refering to internal debt, it wasnt correct. If he was refering to external debt, it wasnt correct. If he was refering to external and internal debt together, which he used to compare the present total debt stock of $83 Billion, it wasnt $10.32 correct So where did the $10.32 come from? |
Re: Re: Obasanjo Gets External Debt Figures Wrong - APC Is Misquoting Obasanjo by naijapips04: 7:14am On Dec 30, 2019 |
Mynd44: god of the gaps. Did the man say "Nigeria's external debt stock now $83 billion" ? No. So why are you attributing it to the man? 1 Like |
Re: Re: Obasanjo Gets External Debt Figures Wrong - APC Is Misquoting Obasanjo by Mynd44: 7:15am On Dec 30, 2019 |
naijapips04:You quoted The Nation. The article took its excerpt from Guardian (see attached screenshot) Here is the link https://www.google.com/amp/s/m.guardian.ng/news/nigeria-faces-impending-bankruptcy-says-obasanjo/amp 2 Shares
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Re: Re: Obasanjo Gets External Debt Figures Wrong - APC Is Misquoting Obasanjo by Mynd44: 7:16am On Dec 30, 2019 |
naijapips04:Read my last reply to you. |
Re: Re: Obasanjo Gets External Debt Figures Wrong - APC Is Misquoting Obasanjo by naijapips04: 7:17am On Dec 30, 2019 |
Mynd44: This article is making inferences. The Nation actually quoted obasanjo verbatim. 1 Like |
Re: Re: Obasanjo Gets External Debt Figures Wrong - APC Is Misquoting Obasanjo by helinues: 7:18am On Dec 30, 2019 |
naijapips04: Obasanjo was wrong with his figures.. Is that too hard for you to understand/comprehend ? 1 Like 1 Share |
Re: Re: Obasanjo Gets External Debt Figures Wrong - APC Is Misquoting Obasanjo by Mynd44: 7:20am On Dec 30, 2019 |
naijapips04:Both are inferences. The one by the Nation didnt have quotation marks either. The article by PM News wrote the rejoiner based on what the Guardian reported and it was clearly stated there. |
Re: Re: Obasanjo Gets External Debt Figures Wrong - APC Is Misquoting Obasanjo by porka: 10:17am On Dec 30, 2019 |
That Obasanjo cleared Nigeria's external debt - accumulated by successive governments - as president is not in doubt, though. The whole wolrd knows that. |
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