Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,154,617 members, 7,823,701 topics. Date: Friday, 10 May 2024 at 01:35 PM

FG Spent N1.25trn On Debt Service In 5 Months - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG Spent N1.25trn On Debt Service In 5 Months (6710 Views)

Nigerian Air: FG Spent N190bn On Ethiopian Aircraft Photoshoot- Peter Okoye / How FG Spent Over N200bn On Postponed Census – Nasir Isa-Kwarra (NPC Chairman) / Abba Kyari: How FG Spent Millions Of Naira In Trying To Save Buhari's COS - SR (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

Re: FG Spent N1.25trn On Debt Service In 5 Months by drskyfly007(m): 11:43am On Jul 11, 2020
realstars:
Are They Paying The Dept Or Servicing The Dept.
servicing the debt..

The debt is still there!

1 Like 1 Share

Re: FG Spent N1.25trn On Debt Service In 5 Months by realstars: 11:53am On Jul 11, 2020
drskyfly007:
servicing the debt..

The debt is still there!
Then Who Will Pay The Dept. That Was My Point.
Re: FG Spent N1.25trn On Debt Service In 5 Months by slimfit1(m): 12:17pm On Jul 11, 2020
Igbochief001:

Even if I do ...u are two dumb to understand

Express yourself is your father one of those thieves?
Re: FG Spent N1.25trn On Debt Service In 5 Months by MISSCONGENIALITY(f): 12:30pm On Jul 11, 2020
helinues:
And if you asked them about what they have done with the original loan money,na so so story we go dey hear
Don't you know its rainy season? Flood washed away a lot of money into the sea nah? cheesy cheesy
Re: FG Spent N1.25trn On Debt Service In 5 Months by Charly68: 1:26pm On Jul 11, 2020
Buhari has indeed killed our nation..he want to leave with us a burden of generational debt,his family will pay for this as God liveth
Re: FG Spent N1.25trn On Debt Service In 5 Months by Yankee101: 3:30pm On Jul 11, 2020
I thought they got moratorium cos of the pandemic?

The number of ways this country is milked dry are too numerous to count
Re: FG Spent N1.25trn On Debt Service In 5 Months by cjrane: 4:16pm On Jul 11, 2020
Ezennwa:
hmm!

Better to go to bed hungry than to wake up with debt.

Their only "economic plan" is to BORROW and SQUANDER!

Everyone knows that Nigeria cannot afford a huge debt burden, yet they continued to borrow instead implementing austerity measures to cut down cost of governance.

A time will come that you cannot even service these debts and if your hope is to further tax the already impoverished Nigerians, it will finally result in the much awaited revolt. But, don't take my word for it, just continue to borrow mindlessly. Lets see where this irresponsible behavior will lead the country. Soon it will be payback day for Nigeria.

Those playing politics with this sensitive national issue will be first to become impoverished by the borrowers.

Re: FG Spent N1.25trn On Debt Service In 5 Months by Grateful02(m): 4:19pm On Jul 11, 2020
Debt debt debt!! When will we get things straight and be UNITED? Nigeria is a great nation and it hurts with the situation we are
Re: FG Spent N1.25trn On Debt Service In 5 Months by Ovamboland(m): 1:41am On Oct 12, 2021
4Play:
We were screaming in July 2015 when total debt was N12 trillion not knowing we will almost triple the figure in 5 years:



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


Debt of $63bn in 2015 becomes $90bn in 2021, is that tripling? Where you study your own maths sef
Re: FG Spent N1.25trn On Debt Service In 5 Months by 4Play(m): 10:44am On Oct 23, 2021
Ovamboland:


Debt of $63bn in 2015 becomes $90bn in 2021, is that tripling? Where you study your own maths sef

The FG's debt in 2015 was primarily local currency (naira) debt. If I borrow N160bn in 2014 ($1bn) and another N160bn ($390m) today, I have doubled my debt and you can't mask this by converting the debt burden to a foreign currency.

You are effectively implying that the FG is managing the debt burden appropriately by hiding under Nigeria's currency collapse. Perhaps, if the Naira collapses to N1m to $1, we should pat the government on its back for "reducing" the debt.

(1) (2) (3) (Reply)

Bandits, Herdsmen On Rampage In Kaduna, Ondo, Plateau; Kill 9, Abduct 12 / FG Vows To Avert Fuel Scarcity As Talks With Oil Marketers & NARTO Reach Day 2 / Was Dr. Chuba Okadigbo A Nigerian Political Prophet?

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 13
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.