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SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by adenigga(m): 3:48am On Mar 12, 2021 |
• Minister insists on borrowing to finance budget deficit The increasing debt service of Nigeria is an economic threat to the country, the Securities and Exchange Commission declared on Thursday.https://m.punchng.com/Business/Nigerias-rising-debt-servicing-an-economic-threat-SEC
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Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by Rugaria: 4:36am On Mar 12, 2021 |
Tax, borrow and spend. That's the mentality of those in government. If the spendings are done judiciously, it would have made things easier to understand. But what we have here is a situation where a thoroughly confused government is desperately borrowing the country to death while using the same borrowed funds to award some overwhelmingly alarming contracts that are riddled with corruption and typical over-invoicing. Take for example the infamous Abuja-Kaduna-Zaria Road Contract that was awarded for nearly 1 trillion naira by Fashola and the gang.., at over 2 billion naira a kilometer! A project that has now won the Guiness world record for the highest amount spent on a kilometer of road anywhere in the world! Isn't that vicious? Can any patriot who genuinely loves his country be this wrechless with scarce funds? How can their salaries, estacodes, emoluments and other corrupt remuneration still be the same when they even borrow to pay workers meagerly!?? It obviously tells you that even those who run this country on day to day basis don't believe in the country! They actually hate this country! No president who has an iota of affection for his country runs it down this inglorious way! What will the next administration do after the economic crimes being committed by Buhari? The next president will then have to spend his four year term, servicing and paying debts incured by the last administration? Funds borrowed to build railways and power stations in Niger republic!? Put bluntly; maladministration is cultural to some thick heads in this country! Or how else would you explain a situation where a presidents daily routine simply revolves around increasing taxes, borrowing billions, spending mainly on projects in other countries, appointing cronies and ethnic henchmen to strategic positions and then making sterile speaches before disappearing into Aso rock for sleep!? Isn't that the height of administrative delinquency?? 67 Likes 10 Shares |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by Macphenson: 5:02am On Mar 12, 2021 |
All thanks to the vegetable in Aso Rock and that can't think of how else to create wealth but to borrow and tax. Buhari has plunged generations into debt. It's unfortunate, how educated people in this country elected a dullard to rule them remains a mystery. 7 Likes |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by 4four(m): 5:03am On Mar 12, 2021 |
The destiny of next tenths future generation of Nigerians have already been used as collateral by Bubu and his armies of Fulanis in government 6 Likes |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by MansoryMX(m): 5:28am On Mar 12, 2021 |
The broda above me is talking about Tenth Generation. Even this present generation kpa kpa has no future not to talk of tenth generation. That confused Clown in Aso Rock and his Hyenanas has not only looted Nigeria dry, they are milking us day in day out as if na cow breasts them dey milk. Where are all the Revenues gotten from Immigration, SEC, FIRS, Custom, Power, Minerals, NNPC and other Federal Institutions? God is just too merciful if not!! Nigeria case! People looting this country suppose to dey sleep and not wake up one by one everyday for this country! Not one single basic amenities Nigerians dey enjoy! Not ONE! Electricity - 0% Security - -0% Road - 0% Infrastructure - 0% Employment - 0% Healthcare - 0% Portable drinking water - 0% Public Transportation - 0% What is the definition and functions of government again 23 Likes 2 Shares
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Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by SmartPolician: 5:39am On Mar 12, 2021 |
The oldie in Aso Rock is extremely dull; he's not even fit to be a primary school headboy. The only thing he thinks of is how to borrow money; he never thinks of new sources of revenue generation. If leadership was all about borrowing money to fix infrastructure, even my late granny would have done a better job. Customs says they make a lot of money, the government introduced new taxes, we sell crude oil, he said he cannot pay oil subsidy, they increased electricity tariff, yet they are still borrowing. What the fvck are they doing with all this money? Buhari has been shouting diversification since 2015, but the NNPC is spending Nigeria's hard-earned money prospecting crude oil in their dead north. E no go beta for the person wey curse Nigeria with daft leaders. 13 Likes |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by stonemasonn: 5:50am On Mar 12, 2021 |
Buhari will ruin this country....can't wait to see the back of this misfortune and his foot soldiers..2023 is in God's hands. 5 Likes |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by dikeigbo2(m): 5:56am On Mar 12, 2021 |
keep borrowing, continue borrowing and remain a borrower for life..... 1 Like |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by Nobody: 5:59am On Mar 12, 2021 |
Basically if we want to stop borrowing...we have to 1.Remove subsidies on fuel and power 2.Widen the tax base so that we can raise our tax to gdp ratio from 6.1% to 23-30% to put us on par with Ghana and SOuth Africa. (Even Niger has a tax to gdp raito of 15%) 3.Diversify.. 2 Likes 1 Share |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by Karlovych: 6:04am On Mar 12, 2021 |
From all of us at vulturebbqrillz we thank you our darling daddy for transforming the country into a great one. We humbly support your reelection for a 3rd term Sai Baba Sai 4+4 4 Likes 2 Shares
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Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by slawormiir: 6:17am On Mar 12, 2021 |
Damnnn niggarrrr Isoright .. Borrow Borrow |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by janedonez(m): 6:18am On Mar 12, 2021 |
Bad |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by YoungDaNaval(m): 6:18am On Mar 12, 2021 |
It shall never be well with everyone who voted this incompetent government into power! 4 Likes |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by 175(m): 6:19am On Mar 12, 2021 |
APC and borrowing, bread and butter! 2 Likes |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by iampeterben(m): 6:19am On Mar 12, 2021 |
Nothing from this regime shock me anymore. If anything still dey shock you then you are a hypocrite, you are only deceiving yourself. 5 Likes |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by Luckydubby7(m): 6:19am On Mar 12, 2021 |
Buhari leadership style zero 1 Like |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by gambia(m): 6:20am On Mar 12, 2021 |
Buhari is a failure, any day, any time. 1 Like |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by DuBLINGreenb(m): 6:21am On Mar 12, 2021 |
Una dey ment |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by gurunlocker: 6:23am On Mar 12, 2021 |
Has there ever been a year this government hasn't borrow since they came on board? Are they not making any money? How about all these audio recovered money? These guys have borrowed Nigeria future, I pity the person who will be the next president. 2 Likes |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by Cachetdotng: 6:23am On Mar 12, 2021 |
Awon oniyeye...dem don borrow their life join debt *Attend a Free Web Design Seminar organized by CDS, you'll be taught the procedures of Web Development under 2 hours. Free WiFi is also available but students are expected to come with their laptops, and we can only admit a maximum of 10 students at once due to the Covid-19 Pandemic. Call the number in signature below.... |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by austinvsb: 6:24am On Mar 12, 2021 |
Africa will not develop until we come up with an economic system different from the predatory capitalism currently imposed on the continent and controlled by the west. We have every natural and human resource to be a wealthy people but have been coerced to trade our valuable resources for printed paper and at prices dictated by the West all in the name of capitalism. bleeped doesn't even begin to describe Africa if we don't take direct control of our economies sooner, rather than later. 5 Likes |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by pegix(m): 6:24am On Mar 12, 2021 |
Nigeria and debt has always being 5 and 6 Gettin worse by the day Na dem na 2 Likes |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by royalamour(m): 6:25am On Mar 12, 2021 |
This is what you get when you select people into key positions just because of the regions they come from, their religion and tribe. But this Buhari na one bush man o... 4 Likes |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by elmessiahs(m): 6:27am On Mar 12, 2021 |
both Buhari and Wike my State governor are highly guilty of this act. Today fuel price have sharply ascended in bid to extort wealth from the poor to finance the luxury of the rich, this country's challenges is majorly caused by our irrational political leaders who does understand economic management. As for Rivers state we are gasping for breathe, if we can have an institutions that will teach gubernatorial aspirants economic management and policies before the elections I tell you, it will go a long way. Wike is a misfit 1 Like |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by sammyj: 6:30am On Mar 12, 2021 |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by GreaterFuture(m): 6:32am On Mar 12, 2021 |
Threat to the Poor people and the masses, Not to You People |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by Peterobi90: 6:32am On Mar 12, 2021 |
Hmmm |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by ShackWes(f): 6:32am On Mar 12, 2021 |
All thanks to the dullard |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by Melison(m): 6:34am On Mar 12, 2021 |
Borrow to build railway to niger republic, Make una continue borrow na, borrowing for embezzlement |
Re: SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat by Kingjay007: 6:37am On Mar 12, 2021 |
Giant of Africa |
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