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Nairaland Forum / Nairaland / General / Politics / FG Spent N1.25trn On Debt Service In 5 Months (6794 Views)
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Re: FG Spent N1.25trn On Debt Service In 5 Months by Emmastan291: 9:08am On Jul 11, 2020 |
The Problem is that the federal government doesn't channel these loans well into the right sources..that's what pains me most...So before the 2020 runs out They will use like 2.5 Trillion to service debts. 1 Like 2 Shares |
Re: FG Spent N1.25trn On Debt Service In 5 Months by DAVE5(m): 9:08am On Jul 11, 2020 |
JunctionBox: That's the most annoying part, the fact that they diverted the borrowed funds to their personal use while the country wallows in poverty |
Re: FG Spent N1.25trn On Debt Service In 5 Months by xynerise: 9:08am On Jul 11, 2020 |
tsephanyah:Capitalism by corruption |
Re: FG Spent N1.25trn On Debt Service In 5 Months by lomprico(m): 9:11am On Jul 11, 2020 |
tsephanyah: even this debt service charge is false, some have been diverted 1 Like |
Re: FG Spent N1.25trn On Debt Service In 5 Months by just2endowed: 9:21am On Jul 11, 2020 |
tsephanyah: Buhari is a socialist. |
Re: FG Spent N1.25trn On Debt Service In 5 Months by pieces18: 9:21am On Jul 11, 2020 |
AlhajiImam: So long as Hausa people continue to dominate every aspect of Nigerian government, we may not have the Nigeria we all desire. This is because they steal from national treasury without conscience. All to marry more wives, buy latest cars, buy / build mansions in months. |
Re: FG Spent N1.25trn On Debt Service In 5 Months by EMC2012: 9:23am On Jul 11, 2020 |
slimfit1:Hmmmm! |
Re: FG Spent N1.25trn On Debt Service In 5 Months by brownemmanuel43(m): 9:25am On Jul 11, 2020 |
My joy and happiness is that we all will suffer this hardship together, a man that couldn't show us anything for four years, were u expecting him to show u his kidney? If I say one tribe follow put us for this wahala na, one useless mode go dey masturbate on me 2 Likes |
Re: FG Spent N1.25trn On Debt Service In 5 Months by WelcomeToBiafra: 9:30am On Jul 11, 2020 |
Nonsense big for corruption terrorist lugard creation. This useless British company and corruption is no longer new story. Nigeria presidents must be arrested to give accounts of their presidency. What's nigga-aria did with the money? See amounts of money Nigeria is spending to fight unarmed innocent people of Biafrans IPOB
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Re: FG Spent N1.25trn On Debt Service In 5 Months by Conrod: 9:33am On Jul 11, 2020 |
May GOD almighty NEVER forgive those who conspired to force this calamity on nigeria, say a loud amen. |
Re: FG Spent N1.25trn On Debt Service In 5 Months by Sunshyne200(m): 9:34am On Jul 11, 2020 |
Esseite:. The basic problem of Nigeria is lack of education or would I say undereducation. You can't win politics in Nigeria if you are smart, you have to be cunny and spew nonsensical and bogus unrealistic promises without a road map. Anybody that comes with detailed plan is seen as not smart and unfit to rule. 1 Like |
Re: FG Spent N1.25trn On Debt Service In 5 Months by hahn(m): 9:35am On Jul 11, 2020 |
tsephanyah: Lootist 1 Like |
Re: FG Spent N1.25trn On Debt Service In 5 Months by sigiyaya(m): 9:35am On Jul 11, 2020 |
realstars:These is what must Nigerians dont know servicing debt doesn't mean paying back the dept it simply means giving some money to the browsers to buy some more time for the actual dept to be paid plus interest accumulated. That is one of the greatest scam the western world use in milking Africa and making sure that we dont grow. That is why there are quick to leaned money to a failed states in Africa knowing that it will be almost impossible to back. The Chinese saw these scam and they are investing too. 1 Like |
Re: FG Spent N1.25trn On Debt Service In 5 Months by bayelsaowei(m): 9:39am On Jul 11, 2020 |
Emmastan291:nigeria is like a man who intends to buy a house for commercial purposes and takes a loan..instead of using the cash borrowed to actually buy that house to generate revenue to pay back the loan the man squanders the cash and embarks on taking more loans to pay back the initial loan... Thats nigeria..our foolish government takes loans and generates little or no profit from the loan taken, but rather take more loans to pay up previous loans.. Nigeria is doomed.. |
Re: FG Spent N1.25trn On Debt Service In 5 Months by Angelfrost(m): 9:39am On Jul 11, 2020 |
tsephanyah: Good question!!!.. Answer is quite simple: Absolutely None!!! |
Re: FG Spent N1.25trn On Debt Service In 5 Months by coputa(m): 9:41am On Jul 11, 2020 |
Ezennwa:What if,he did'nt wake up,every country owes,even America do.countries borrow to fund critical projects,but Nigeria borrows to fund critical elephant projects and to service debt.Imagine,33 trillion is still outstanding.and still planning to borrow more. |
Re: FG Spent N1.25trn On Debt Service In 5 Months by pieces18: 9:45am On Jul 11, 2020 |
Nepotism, religious and ethnic sentiment is the major problem we have. This is a country of over 180m people with over 250 languages but rule by only one or Twp ethnic groups. Imagine this scenario. 1. Minister of finance - north 2. Accountant general - north 3. Customs - north 4. Firs - north 5. Debt management - north 6. Efcc - north 7. Senate president - north 8. Army chiefs including nscdc, prisons, nis- north (except naval chief). 9. Sss - north 10. Nia - north 11. Minister of defence - north You can add on the list. This is what I think is the problem. These people hold same mentality. They see and do things same way. No dynamism. The fate of majority of Nigerians lies and depends on this one or two ethnic groups. So what change should we expect from such a government? 1 Like |
Re: FG Spent N1.25trn On Debt Service In 5 Months by OdefaGirl(f): 9:45am On Jul 11, 2020 |
You see.....I just mentioned in the other thread that the country keep sinking in debt..... some people are busy pocketing the money, they don't care if the country sell off itself just to keep afloat....as long as they grab all "grabables" while in office. This country is in for a very long ride.... and in a deep sh!t |
Re: FG Spent N1.25trn On Debt Service In 5 Months by seanswitch(m): 9:46am On Jul 11, 2020 |
Compare that with how much we made during that period and you will realize that we are a country in debt. These crop of leaders are borrowing away the future of our kids |
Re: FG Spent N1.25trn On Debt Service In 5 Months by realstars: 9:47am On Jul 11, 2020 |
sigiyaya:That Was My Thought, Because It Is Not Easy To Pay But Easy To Collect And The Deptor Has No Choice Than To Be Indepted With Dialuge. |
Re: FG Spent N1.25trn On Debt Service In 5 Months by realstars: 9:54am On Jul 11, 2020 |
DAVE5:The Wost Of It Is That Some Of Them Will Die Untimely And The Dept Will Poss For The Living, 1 Like |
Re: FG Spent N1.25trn On Debt Service In 5 Months by coputa(m): 9:59am On Jul 11, 2020 |
brownemmanuel43:Which tribe?who approved the loan,was it not your representatives in the houses that gave the executive the green light to take this loan after slutting in their percentage,are all the states and geo political zones not represented in these houses,why don't you ask your rep.why and how they used the money instead of pointing a finger somewhere,while the rest are pointing back at you. |
Re: FG Spent N1.25trn On Debt Service In 5 Months by iammolise(m): 10:33am On Jul 11, 2020 |
I'm already confused seeing those massive figures ... They're strange to me Govnt shud just borrow again share the money and divide this country so everyone for him self, nothing is working in unity let's try in disarray. |
Re: FG Spent N1.25trn On Debt Service In 5 Months by slimfit1(m): 10:33am On Jul 11, 2020 |
Igbochief001: Tell us why you are so smart? |
Re: FG Spent N1.25trn On Debt Service In 5 Months by bigpicture001: 10:41am On Jul 11, 2020 |
Some morons on the forum still think F. G does not borrow to pay salaries and abuse iweala for saying sh does The only difference between iweala and this government is that sh is open and transparent and accountable whilst this administration tries on lies |
Re: FG Spent N1.25trn On Debt Service In 5 Months by bigpicture001: 10:45am On Jul 11, 2020 |
I repeat the problem with naija are the youths who refused to go on nationwide protest.... This morning the whole of Mali youths were up in protest against the government and blocked the national broadcaster.... For bad leadership |
Re: FG Spent N1.25trn On Debt Service In 5 Months by Nobody: 10:58am On Jul 11, 2020 |
slimfit1:Even if I do ...u are two dumb to understand |
Re: FG Spent N1.25trn On Debt Service In 5 Months by sigiyaya(m): 11:26am On Jul 11, 2020 |
realstars:It is called Neocolonialism and that is why the Western world and even the Asians have no respect nor value for Africans. They see us as animals not because of the colour of our skin but because our inability to reason with common sense 1 Like |
Re: FG Spent N1.25trn On Debt Service In 5 Months by Ihatemumu: 11:39am On Jul 11, 2020 |
luvinhubby: Some clowns on this forum don't see what your showing, they are too blind by their affinity for a political party than Nigeria |
Re: FG Spent N1.25trn On Debt Service In 5 Months by mranova(m): 11:42am On Jul 11, 2020 |
The Money recovered from Magu can also service debt na, make them allow us hear word. |
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