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Nairaland Forum / Nairaland / General / Politics / Nigeria On The Edge Of Bankruptcy - Punch (23093 Views)
Debts: Borrowing Will Land Nigeria Into State Of Bankruptcy – Pastor Adeboye / 2020 Budget Is A Budget Of Bankruptcy ― Odilim Enwegbara, Economist / Nigeria On The Verge Of Bankruptcy - Emir Sanusi (2) (3) (4)
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Nigeria On The Edge Of Bankruptcy - Punch by nairalandankrah: 1:58am On Aug 17, 2020 |
Anarchy looms.... The Federal Government’s retained revenue, which is the actual revenue realised before its augments with borrowed and deficit financing resources, is dwindling by the day. https://punchng.com/nigeria-is-on-the-edge-of-bankruptcy/ 24 Likes 5 Shares
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Re: Nigeria On The Edge Of Bankruptcy - Punch by Fantasticcc: 2:04am On Aug 17, 2020 |
So bad,we predicted it but children of hate from the waste side voted for this disaster now we are all suffering. 151 Likes 12 Shares |
Re: Nigeria On The Edge Of Bankruptcy - Punch by anungangampu: 2:04am On Aug 17, 2020 |
To your tenth oh Isreal I pray Nigeria is keeping black man down. 44 Likes 2 Shares |
Re: Nigeria On The Edge Of Bankruptcy - Punch by ojun50(m): 2:20am On Aug 17, 2020 |
: Anarchy Looms'; As Nigeria On The Edge Of......na today 24 Likes 2 Shares |
Re: Nigeria On The Edge Of Bankruptcy - Punch by nairalandankrah: 2:32am On Aug 17, 2020 |
NGpatriot:You don't care about the truth worthiness of the news..your only problem is that the article was written by a 5%er.. tribalism and ethnicity has blinded you 120 Likes 3 Shares |
Re: Nigeria On The Edge Of Bankruptcy - Punch by kolaaderin: 2:35am On Aug 17, 2020 |
nairalandankrah:There is nothing truthful about this, Nigerian has always been on the edge of collapse since the late 70s. It will never collapse. 18 Likes 5 Shares |
Re: Nigeria On The Edge Of Bankruptcy - Punch by Nobody: 2:36am On Aug 17, 2020 |
Forget this country and fight for your pocket If you think its imossible to get profit from forex everyday, monday to friday, chat me up. If you think you'll get these profits and still lose them due to the nature of forex, let me prove otherwise. Just chat me up. If you've lost money and hope in forex, this is for you, chat me up. Pls note, I don't teach forex, but you can learn from a world class trading company if you want. I'm not charging you a dime for this information. I'm simply showing you an opportunity. It's up to you to decide whether you like it or not. After all the first sign of most scams on Nairaland is a fee for some info. But this is totally free so what do you have to lose? Nothing. 10 Likes 1 Share |
Re: Nigeria On The Edge Of Bankruptcy - Punch by udoka2013: 2:41am On Aug 17, 2020 |
Una never see anything. There is fire on the mountain. Vote wisely una refused. Only God will help us. 6 Likes 1 Share |
Re: Nigeria On The Edge Of Bankruptcy - Punch by techmo(m): 3:31am On Aug 17, 2020 |
Debt to GDP ratio is 26% What sort of dooms day economist is this I laugh at idiots thinking credit facility Chinese EXIM bank, world bank , IMF are offering us that we are doing Chinese and world bank a favour .. If we foolishly don't take these infrastructure loans and credit facilities now Ghana would take it, Ethiopia would take it, even almighty US would grab it through bonds . 7 Likes 2 Shares |
Re: Nigeria On The Edge Of Bankruptcy - Punch by Nobody: 3:45am On Aug 17, 2020 |
Anarchy can be stopped with deep thinking... Nigeria definitely have potentials if only we can seat down and think while also stop killing each other on ethnic and religious lines. We have got a great country and a wonderful people minus the looters and those tarnishing our image. 7 Likes |
Re: Nigeria On The Edge Of Bankruptcy - Punch by Nobody: 4:32am On Aug 17, 2020 |
ABACHA is always there to help out. NIGERIA can't go bankrupt when we have the likes of ABACHA who sends us Alerts without Interests from the Infinite World. I believe his Alerts will be sustained till we get to 2050, then..... Afterwards, BABANGIDA'S ALERTS will be uploaded immediately ....... That one may last till eternity. 40 Likes 1 Share |
Re: Nigeria On The Edge Of Bankruptcy - Punch by Olominira(m): 4:52am On Aug 17, 2020 |
NGpatriot: You're most time at the same side with me on national issues, but you're wrong here. It has absolutely nothing to do with ipob. Fowler was doing a great job until Buhari removed him and replaced him with someone who seems to have no idea of this job. It's a terrible situation here. 6 Likes |
Re: Nigeria On The Edge Of Bankruptcy - Punch by Benwallt(m): 5:02am On Aug 17, 2020 |
Keep on wailing. A lot of us that are hard working are seeing the slow and gradual emergence of a New Nigeria of our dream. If past government had rule this way imagine were we would be in terms of development. Buhari continue. If I have the power I will give you another 4yrs to consolidate on the humongous developmental projects across Nigeria. 6 Likes 5 Shares |
Re: Nigeria On The Edge Of Bankruptcy - Punch by wirinet(m): 5:20am On Aug 17, 2020 |
Fantasticcc:You guys are the ones that make it all about hate, hatred for Buhari even before he contested for the 2015 elections. Then the hatred got to psychosis levels after he defeated a Ebele Azikwe. The hatred was then transfered to the "wasted side" for voting for the disaster as you put it, despite Buhari garnering only about 40% of the actual votes. You guys conveniently forgot that Ebele Azikwe was already borrowing just to pay salaries when crude fell to about $70 to the barrel, and his finance minister warned of tougher times ahead. Now, I am not exoneration the Buhari administration for financial recklessness, but the blame should not squarely lie with the administration. The National Assembly which comprises of people from the " Waste side" and the "potopoto republic " also carries most of the blame. That is because the power of the purse belongs to the national assembly. The government cannot borrow $1 without the approval of the National Assembly, in fact it cannot spend N1 without approvals from the national assembly. So how come the national assembly are behaving as if they are oblivious of the precarious financial status of the country? It is either they are not doing their job or they are complicit. 24 Likes 6 Shares |
Re: Nigeria On The Edge Of Bankruptcy - Punch by richiemcgold: 5:40am On Aug 17, 2020 |
The reasons we might go bankrupt under this administration are just too numerous, but the most prominent ones are: The inability of the current administration to reduce the cost of governance and block the leakages/loopholes in public finances as promised Overreliance of this administration on oil despite their promise to diversify the economy The people currently managing Nigeria economy are not competent enough. This is very glaring for all to see. Political appointments under this administration are simply compensatory and not really based on merit. More than 80% of our state governments are not economically viable; they're unproductive and are not contributing anything to the treasury. Due to our poor educational system, more than half of Nigeria population are extremely ignorant and unproductive, hence they have become heavy burdens and liabilities instead of contributing to Nigeria's socio-economic growth. 39 Likes 6 Shares |
Re: Nigeria On The Edge Of Bankruptcy - Punch by nairaman66(m): 5:44am On Aug 17, 2020 |
A country who failed to plan, has already planned to fail! 4 Likes |
Re: Nigeria On The Edge Of Bankruptcy - Punch by Nobody: 5:49am On Aug 17, 2020 |
Our current Financial status has never been clearer, the rising number of taxes is evident enough to tell you Govt is scrambling for money from anywhere and everywhere.. From the writers point of view, of what use is joining hands trying to breath when heavy stolen funds that could make an impact are not probed... Sad reality really. 7 Likes 1 Share |
Re: Nigeria On The Edge Of Bankruptcy - Punch by ivandragon: 5:54am On Aug 17, 2020 |
I guess this is part of the reasons they want to stifle voices. You talk about thier incompetence, they label it hate speech; A patriotic public servant tries to expose their thievery, they label it hate speech; People try to protest against their failure' they label it hate speech; You complain about killings; hate speech; 34 Likes 3 Shares |
Re: Nigeria On The Edge Of Bankruptcy - Punch by Ceegar01: 6:29am On Aug 17, 2020 |
I think Buhari is trying his best just that he inherited governance from an incompetent otuoke man who messed this country up with his gang of thieves 8 Likes 6 Shares |
Re: Nigeria On The Edge Of Bankruptcy - Punch by Nobody: 6:57am On Aug 17, 2020 |
Ceegar01:....... and you think BUHARI is averagely competent to represent you as president...? 33 Likes 2 Shares |
Re: Nigeria On The Edge Of Bankruptcy - Punch by 9gerian: 7:03am On Aug 17, 2020 |
What’s the direct connection of the state of the economy with Fowler? And wasn’t he found wanting with his performance? Kindly explain... Olominira: 1 Like |
Re: Nigeria On The Edge Of Bankruptcy - Punch by emaxjey(m): 7:35am On Aug 17, 2020 |
Not only at the edge alone, it in the pit already.. abeg my signature is saying something ... |
Re: Nigeria On The Edge Of Bankruptcy - Punch by slivertongue: 7:36am On Aug 17, 2020 |
incompetence of GMB has further damaged the economy 15 Likes 2 Shares |
Re: Nigeria On The Edge Of Bankruptcy - Punch by slivertongue: 7:40am On Aug 17, 2020 |
We are stuck with headlines about permutations on the 2023 presidency, one year after the 2019 elections, incessant killings and corruption in high places. Nigeria is going bankrupt and it seems no one in a position of authority cares. 9 Likes |
Re: Nigeria On The Edge Of Bankruptcy - Punch by Afolabimills(m): 7:43am On Aug 17, 2020 |
The most corrupt selfish greedy nepotistic clueless wicked hypocritical senseless supporters and govt 6 Likes 1 Share |
Re: Nigeria On The Edge Of Bankruptcy - Punch by slivertongue: 7:49am On Aug 17, 2020 |
EVILFOREST: GMB has done worst. he is a reinforcement of failure 10 Likes 2 Shares |
Re: Nigeria On The Edge Of Bankruptcy - Punch by haryorbarmie83(m): 7:53am On Aug 17, 2020 |
Nigeria can never go bankruptcy. Let's see anyway. |
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