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Nairaland Forum / Nairaland / General / Politics / Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. (1577 Views)
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Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by Voice234: 7:13am On Aug 01, 2021 |
Data below shows how successive administrations contributed to Nigeria’s indebtedness and how the dollar fared in the years they ruled. In summary and in my opinion, Buhari’s administration has been a wasted 8 years. Nigeria as a nation regressed. Source: https://www.thecable.ng/from-obasanjo-to-buhari-how-fgs-debt-profile-surged-86-8-to-n26-9trn-in-21-years
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Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by Nwodosis(m): 7:17am On Aug 01, 2021 |
They are borrowing to keep our unity! Any country we are indebted to won't see us disintegrate, the countries will join hands to keep Nigeria as one for the sake of thier money. The Chief Borrower in Command knows what he's doing. 1 Like |
Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by Tajbol4splend(m): 7:19am On Aug 01, 2021 |
When Nigeria get Hush Puppy, Hush Kyari and Obi Cubana, we are still borrowing, o wrong nau |
Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by RZArecta(m): 7:25am On Aug 01, 2021 |
You can't succeed outside your educational qualifications - Buhari 2021 1 Like |
Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by Wallade(m): 7:37am On Aug 01, 2021 |
I doubt some information on the infographic design. Is exchange rate of $/naira really N381 in 2021? |
Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by Voice234: 7:53am On Aug 01, 2021 |
Wallade: Official rate as of March 2021. Look closely you will see the caveat with an asterisk. By the way, This is how Obasanjo’s regime performed
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Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by MajesticKris: 7:57am On Aug 01, 2021 |
Borrowing for a job, we can do with our internal revenues.... |
Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by Maxymilliano(m): 8:10am On Aug 01, 2021 |
This is the real next level the foolish President promised Nigerians 1 Like
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Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by AdTimmy: 8:12am On Aug 01, 2021 |
Obj still the best among them all in all ramification. Conserving resources, utilizing available resources and prudent, wise, not gullible to the western world dictates 1 Like |
Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by ChangetheChange: 8:12am On Aug 01, 2021 |
Buhari the mad chronic zombie next level debtor The only President to have plunged Nigeria into 3 different recession and we are not entering the 4th recession. And the rubber stamp Senate President Ahmed Lawn and this fourty thieves Senators will keep approving loan for Buhari until they put Nigeria for sale on Amazon.com They couldn't try those rubbish with the Saraki Senate, that's why the foolish APC zombies where crying that Saraki was not allowing Buhari's Government perform, now they have a rubber stamp Senate President they control , Buhari Government has become even worse 1 Like |
Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by greatiyk4u(m): 8:30am On Aug 01, 2021 |
Analysing the data........ OBASANJO.......2.4trn Duration...........8years Exchange rate.......116 Amount borrowed in $=21B YAR'ADUA........6.17trn Duration...........3years+ %increase in borrowing .....257% Exchange rate.......156 Amount borrowed in $=40B Projected %increase in borrowing in 6yrs=440% GEJ....................12.19trn Duration..........4years+ %increase in borrowing......198% Exchange rate.......196 Amount borrowed in $=62B Projected %increase in borrowing in 6yrs=261% PMB...................26.9trn Duration.............6years %increase in borrowing....220% Exchange rate.......381 Amount borrowed in $=70.6B Now, check the geometric patterns and be the judge See the increment by both GEJ and Yar'adua within their short period on the seat. 1 Like |
Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by vedaxcool(m): 8:39am On Aug 01, 2021 |
** These figures are debatable. Importantly everything PMB borrowed for can be seen,the projects and infrastructures are there. Most of the cursed souls who praise criminals for a living all line up to connect their crumbs without asking where the crumbs came from. PMB met a collapsing economy with low oil prices. He faced a Pdthives induced recession then a global pandemic which pushed the price of oil to historical lows. GEJ had high oil prices but persisted in borrowing with little to show for. But the cursed souls think that every challenge we are facing appeared from nowhere. 1 Like
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Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by saintjimos(m): 8:51am On Aug 01, 2021 |
Space for sale |
Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by Aidejay(m): 9:44am On Aug 01, 2021 |
The borrowing isn't the problem, WHERE AND WHAT was the money used for? I have personally not seen Development to the tune of 70 billion dollars in any place in this country. If you've seen please correct me. |
Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by Nobody: 9:53am On Aug 01, 2021 |
Well, all things being equal, they all have to be blamed. The data suggests that borrowed funds(x) has a 2x constant tendency as new administration emerges. This is the problem that needs to be addressed; is it the population explosion?, Is it misplaced priorities from our government? or the lack of profound vision from our youth? Believe you me, if this trend keeps going and we fail to find the reason for 2x, the incoming regime will also deposit his/her 2x quarter to the chart. 1 Like |
Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by Lanre4uonly(m): 9:58am On Aug 01, 2021 |
It is well. |
Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by adeniyiemmanuel(m): 10:01am On Aug 01, 2021 |
BABYharder:naa waooo all this corrupted past president as turn this country to a big mess whereby the generation to come will suffer it most God help the poor masses. 1 Like |
Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by vedaxcool(m): 11:17am On Aug 01, 2021 |
Cable is playing fast a loose with dollar prices as usual, they convert loans borrowed in dollars to naira then present this idiotic analysis. Why didn't they put the Revenue generated let's for better context? |
Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by theTranscriber: 11:23am On Aug 01, 2021 |
They keep borrowing to embezzle |
Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by Ovamboland(m): 2:59pm On Aug 01, 2021 |
Voice234: 12trn debt ( increase of 6trn) under Jonathan is higher than 26trn debt (14trn increase) under Buhari in real value. But there was virtually nothing long lasting achieved under Jonathan. The cheap imported rice and private jets or foreign vacation we financed with our oil income is all gone in less than 5 years. But the rail will be running for the next 100 years, the roads, airports, seaports will still be serving Nigeria for the next several decades. Who get sense pass? |
Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by Blackfire(m): 3:55pm On Aug 01, 2021 |
Southerners brought us into this meeesss But we know president buhari will take us to the promise land.. |
Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by ivandragon: 4:04pm On Aug 01, 2021 |
Yet... |
Re: Nigeria deep In Debt; Obasanjo, Yar’Adua, Goodluck and Buhari compared. by omowolewa: 4:25pm On Aug 01, 2021 |
Onigbese Nation, |
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