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Nigeria’s Debt Profile Hits N28.63tn - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigeria’s Debt Profile Hits N28.63tn (18810 Views)

Nigeria’s Debt Profile Hits N41.60 Trillion, Says DMO / Debt Profile Of The 36 States As At December 2018 (Pictured) / Ekiti Debt Profile Hits N120bn As Fayose Bows Out (2) (3) (4)

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Re: Nigeria’s Debt Profile Hits N28.63tn by ScholarRidwan: 8:19pm On Jul 03, 2020
Done sir
aribs:


DM privately and someone will be in touch
Re: Nigeria’s Debt Profile Hits N28.63tn by earnit1: 8:23pm On Jul 03, 2020
ye
Re: Nigeria’s Debt Profile Hits N28.63tn by mgdimagaladima(m): 8:25pm On Jul 03, 2020
we go sale this country to pay debt soon
Re: Nigeria’s Debt Profile Hits N28.63tn by Risingblue008(m): 8:27pm On Jul 03, 2020
Money wey Dem no share give me,,,what a country?
Re: Nigeria’s Debt Profile Hits N28.63tn by Gerundphrase: 8:34pm On Jul 03, 2020
Chai we are finished in this country

No be say to borrow na taboo
I fact even USA get debt wey pass our own
The fear is that most of the money will end up in one person pocket rather than be used to pursue the projects it was borrowed for



Let us do small maths


Est. Population of Nigeria is 200 million
Total debt is 28trillion

Now:
28,000,000,000,000/200,000,000=140000

That means every Nigerian is owing 140000 Naira

The worst part is that the debt profile is moving up very swiftly

Maybe when Buhari is done with us everybody will be owing 500000 naira

Then China will take over our country to host her overwhelming population

about 30 % of our number has never in their lifetime counted 50k of theirs

2 Likes

Re: Nigeria’s Debt Profile Hits N28.63tn by leisuretym: 8:35pm On Jul 03, 2020
APC MAI BACHI, APC ONiGBESE
Re: Nigeria’s Debt Profile Hits N28.63tn by bejeria101(m): 8:42pm On Jul 03, 2020
Zombies you see the result of your Presidebt without a certificate.

1 Like

Re: Nigeria’s Debt Profile Hits N28.63tn by chukemmang(m): 8:49pm On Jul 03, 2020
In 2023, the new government that takes over should freeze the accounts of all government officials that served in the tenure of this APC government.. Then transfer all their money to the nations treasury account. Then arrest them all and put them in a Psychiatric hospital (Insanity is the only explanation for their actions so far).

Then we will call China and all that the loan was taken from to come and pick them up as repayment for all the loans. The loans were taken by individuals and not by Nigeria because if you look around the whole of Nigeria, you cannot see what any of the loans were spent on.

China should remand all of them in labour camps under hard labour. Nigeria has no business with China. China should get the loan from the individuals who embezzled the loan.

1 Like

Re: Nigeria’s Debt Profile Hits N28.63tn by Staro: 8:50pm On Jul 03, 2020
Anwons:
When people without direction are in control of governance, news of this kind are inevitable!

Very sad
Re: Nigeria’s Debt Profile Hits N28.63tn by Ken4Christ: 8:57pm On Jul 03, 2020
APC - Association of Pathetic Criminals.
Re: Nigeria’s Debt Profile Hits N28.63tn by ajbf: 9:17pm On Jul 03, 2020
deji17:
What is the equivalent of this in USD?
2010 - 2020 (10 years) : Nigeria Debts Journey.
This is wickedness.
I mean the pictures you attached.
APC has destroyed our economy and Buhar recent got approval to borrow more money
Re: Nigeria’s Debt Profile Hits N28.63tn by idtwo: 9:17pm On Jul 03, 2020
It is on threads like this that I expect mannabbgrills and his/her gang to come up to defend the action of this govt and their darling daddy but they are no where to be found.
How some Nigerians support obvious evil and yet convince themselves that they are doing good amaze me.

2 Likes

Re: Nigeria’s Debt Profile Hits N28.63tn by deji17: 9:31pm On Jul 03, 2020
ajbf:

This is wickedness.
I mean the pictures you attached.
APC has destroyed our economy and Buhar recent got approval to borrow more money

Can you read? Between 2010 - 2015, under Jonathan, Nigeria borrowed $35 billion USD, depleted the foreign reserve and sold oil at average of $100 per barrel, yet, nothing to show for all the revenue windfall, borrowing and depletion of savings.
Whereas under Buhari between 2015 and 2020, Nigeria has borrowed $16 billion USD, earned less from oil revenue @ average of $45 per barrell, and added to the foreign reserve.
If one is not a thief, the difference should be very clear.
Re: Nigeria’s Debt Profile Hits N28.63tn by ajbf: 9:52pm On Jul 03, 2020
deji17:


Can you read? Between 2010 - 2015, under Jonathan, Nigeria borrowed $35 billion USD, depleted the foreign reserve and sold oil at average of $100 per barrel, yet, nothing to show for all the revenue windfall, borrowing and depletion of savings.
Whereas under Buhari between 2015 and 2020, Nigeria has borrowed $16 billion USD, earned less from oil revenue @ average of $45 per barrell, and added to the foreign reserve.
If one is not a thief, the difference should be very clear.
You need to study the tables you used to indict yourself very.
Not everybody is a fool.

2 Likes

Re: Nigeria’s Debt Profile Hits N28.63tn by omoluka: 9:54pm On Jul 03, 2020
Racoon:


https://punchng.com/nigerias-debt-profile-hits-n28-63tn/?amp=1
We will eventually be forced to choose between restructuring and outright breakup. O lord help me this year, i want to jump from the sinking ship .
Re: Nigeria’s Debt Profile Hits N28.63tn by deji17: 9:55pm On Jul 03, 2020
ajbf:

You need to study the tables you used to indict yourself very.
Not everybody is a fool.

If one is not a thief from the school of thought where 17 is greater than 19, then it is so obvious that $35 billion USD is greater than $16 billion USD.
Re: Nigeria’s Debt Profile Hits N28.63tn by Jerry2rule: 10:01pm On Jul 03, 2020

1 Like

Re: Nigeria’s Debt Profile Hits N28.63tn by AgentNairaland(f): 10:08pm On Jul 03, 2020
APCccc NEXTtttt .........
Re: Nigeria’s Debt Profile Hits N28.63tn by morris477(m): 10:14pm On Jul 03, 2020
For another government inheritance
Re: Nigeria’s Debt Profile Hits N28.63tn by Yankee101: 10:37pm On Jul 03, 2020
Buhari oh buhari
Re: Nigeria’s Debt Profile Hits N28.63tn by legionISproteus: 10:39pm On Jul 03, 2020
Can y'all name one country that is not in debt?

1 Like

Re: Nigeria’s Debt Profile Hits N28.63tn by Masaudmuhammed: 10:50pm On Jul 03, 2020
The modarn slavery country they are not in chains: But they are in debt.
NIGERIA: we are in the slavery country now!!!

Re: Nigeria’s Debt Profile Hits N28.63tn by ospido: 10:55pm On Jul 03, 2020
PDP 16 years it was #12.06tr.

APC "5 years" it is #16.57tr.

Total is #28.63tr

And we still have 3 more years to go.

I thought someone said he'll not borrow a dime if elected during the build up to the 2015 general election,but what do we find today?

https://www.vanguardngr.com/2015/07/n12trn-debt-profile-worsens-nigerias-woes/amp/
Re: Nigeria’s Debt Profile Hits N28.63tn by ospido: 11:04pm On Jul 03, 2020
deji17:


Can you read? Between 2010 - 2015, under Jonathan, Nigeria borrowed $35 billion USD, depleted the foreign reserve and sold oil at average of $100 per barrel, yet, nothing to show for all the revenue windfall, borrowing and depletion of savings.
Whereas under Buhari between 2015 and 2020, Nigeria has borrowed $16 billion USD, earned less from oil revenue @ average of $45 per barrell, and added to the foreign reserve.
If one is not a thief, the difference should be very clear.


PDP 16 years it was #12.06tr.

APC "5 years" it is #16.57tr.

Total is #28.63tr

And we still have 3 more years to go.

How much was a dollar then and how much is it now w.r.t the crude oil sales?

https://www.vanguardngr.com/2015/07/n12trn-debt-profile-worsens-nigerias-woes/amp/

Re: Nigeria’s Debt Profile Hits N28.63tn by DedeNkem: 11:05pm On Jul 03, 2020
N28.63tn could have transformed this country like Dubai. Unfortunately, we have criminals as "leaders"!
Re: Nigeria’s Debt Profile Hits N28.63tn by intruder15(m): 11:23pm On Jul 03, 2020
Re: Nigeria’s Debt Profile Hits N28.63tn by stabilizer: 11:24pm On Jul 03, 2020
youtryo:
blood of God


Are you okay? Does God has blood?
Re: Nigeria’s Debt Profile Hits N28.63tn by Elogy(m): 11:36pm On Jul 03, 2020
With all this money, no tangible infrastructure to improve our present condition.Nigeria was designed to fail from on set.
Re: Nigeria’s Debt Profile Hits N28.63tn by OmoOduduwa01: 11:39pm On Jul 03, 2020
What if we are unable to pay back, what is/are the effect(s) on commoners?
I'm just curious
Re: Nigeria’s Debt Profile Hits N28.63tn by Elogy(m): 11:41pm On Jul 03, 2020
Gerundphrase:
Chai we are finished in this country

No be say to borrow na taboo
I fact even USA get debt wey pass our own
The fear is that most of the money will end up in one person pocket rather than be used to pursue the projects it was borrowed for



Let us do small maths


Est. Population of Nigeria is 200 million
Total debt is 28trillion

Now:
28,000,000,000,000/200,000,000=140000

That means every Nigerian is owing 140000 Naira

The worst part is that the debt profile is moving up very swiftly

Maybe when Buhari is done with us everybody will be owing 500000 naira

Then China will take over our country to host her overwhelming population

about 30 % of our number has never in their lifetime counted 50k of theirs
my brother u are not far from the truth, this country will be taken over by China very soon

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