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Nairaland Forum / Nairaland / General / Politics / Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO (5263 Views)
Tinubu: I Won’t Sustain Failed Theory Of Servicing Debt With Scarce Revenue / Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO / Science Ministry Settled N2m Debt With N17m Vehicles – Senate (2) (3) (4)
Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by sophsia62: 5:18am On Oct 05, 2021 |
Nigeria spent N1.47tn on debt servicing payments in the first half of 2021, data obtained from the Debt Management Office have shown.https://punchng.com/nigeria-serviced-debt-with-n1-47tn-first-half-2021-dmo/?amp
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Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by orisa37: 5:30am On Oct 05, 2021 |
It's all for RIFA-RUGA ISLAMISATION FULANISATION AND ANARCHY POLICY OF BUHARI. BUHARINOMICS IS BOKONOMICS. IT'S ALL EXCLUSIVE LIST CHAMPIONSHIP OF PANTAMI AND MALAMI. NOW THEY WANT TO LINK NIN TO BVN TO OIC. IT'S FINISHED. IT'S BOKONOMICS ALL THE WAY. 6 Likes |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by adesegun121(m): 5:31am On Oct 05, 2021 |
Lobatan |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Penguin2: 5:32am On Oct 05, 2021 |
This is terrible. Buhari has mortgaged Nigeria’s future. No wonder the cow was advocating debt cancellation at UNGA. 4 Likes |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by orisa37: 5:32am On Oct 05, 2021 |
It's all for RIFA-RUGA ISLAMISATION FULANISATION AND ANARCHY POLICY OF BUHARI. BUHARINOMICS IS BOKONOMICS. IT'S ALL EXCLUSIVE LIST CHAMPIONSHIP OF PANTAMI, MALAMI AND GAMBARI. NOW THEY WANT TO LINK NIN TO BVN TO OIC. IT'S FINISHED. IT'S BOKONOMICS ALL THE WAY. 3 Likes 1 Share |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by OG1BABY(f): 5:33am On Oct 05, 2021 |
Wow... |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by punisha: 5:52am On Oct 05, 2021 |
Servicing debt isn't even the problem, the agreement and conditions in getting these loans are worrisome. It puts the financial state of the nation in jeopardy. 1 Like |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Loverofpeace: 5:53am On Oct 05, 2021 |
Gbese no be here Yabatech part-time form is now available to close October 31, if you want to get mofe info click on the threads below. . https://www.nairaland.com/6786405/yabatech-partime-form-2021-2022 |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by InaNla(f): 5:53am On Oct 05, 2021 |
We warned Nigerians that Buhari & by extension APC are bunch of failure. This is the CHAIN-GE & NEXT LEVEL they promised Nigerians. If hands are joined together, buari will not go unpunished. |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Antoeni(m): 5:53am On Oct 05, 2021 |
FG should borrow more |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by GboyegaD(m): 5:53am On Oct 05, 2021 |
The situation is very bad. |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by janedonez(m): 5:54am On Oct 05, 2021 |
Hr who goes on borrowing.. |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by MANDIPUTIN: 5:55am On Oct 05, 2021 |
Buhari regime should continue piling debt for future generations
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Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by mrkings84(m): 5:55am On Oct 05, 2021 |
Bubu sef, hon nobtire to borrow? |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Franzinni: 5:55am On Oct 05, 2021 |
In the land of the blind ... the one eyed man is king! Nigeria is the land of blind citizen that is why one eyed people are ruling I have said it before anything that has to do with numbers we should begin to develop systems that can't be manipulated. All this big big monies they are writing to service debt, we all know there will be some magomago, wuruwuru, chopuchopu. Osinbajo has started giving the hint ...youth wake up, it takes nothing to set things straight if only we as youth start to take our future serious and forget about individual. These old analog minds have mortgaged our future, and they will continue to do so for as long as we continue to remain blind. 1 Like |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by elmessiahs(m): 5:57am On Oct 05, 2021 |
How much has Rivers State, bayelsa, Delta and akwa ibom where the bulk of money used in servicing this loan benefited in terms of infrastructural development. The allocation style of the federal government in recent time has show how unjust the Nigerian state have deliberately perpetrated Injustice to it's citizenry thereby having an inevitable violence as result for it's bias and sentiment. God help nigerians |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by MondayOsunbor(m): 5:57am On Oct 05, 2021 |
sophsia62: the key word is servicing NOT PAYMENT Thunder fire Buhari |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by MondayOsunbor(m): 5:59am On Oct 05, 2021 |
elmessiahs: help Nigeria why brother Nigeria is dead why it is hard for people to understand this fact Nigeria is not coming back again let bury this country and move over with our lives |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by ClassicMan202(m): 6:00am On Oct 05, 2021 |
Well done Bubu |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Sharon6(f): 6:00am On Oct 05, 2021 |
Na wa |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Mossadd: 6:03am On Oct 05, 2021 |
Madness |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Nobody: 6:05am On Oct 05, 2021 |
Hmm... As usual, the wailing and gnashing of teeth on this thread is epic...yet no one wants to ask the question, why are we in debt. We have been in debt for years because our economy is based on selling raw materials like cotton, cocoa, palm oil, rubber and lately c rude oil. The problem with this model is that the price of these commodities 1.Are not controlled by us, but in London, Paris and New York. 2.Are never at sustenance level for us. So, we have to take loans most of the time when the price of what we sell falls below sustenance. That's why Nigeria has to change its economic paradigm...from being an exporter of raw materials to being an exporter of industrial goods and services. We will control the prices and set the prices and earn enough money Also, we have two bad habits 1. We import in excess of what we export 2.We throw away billions subsiding fuel and electricity. Because the cost of production of both is always rising, the amount we spend subsidsing it always rises...and this drains our frex earnings...leaving us broke...and in need of more loans. Which is why becoming more industrial, and removing subsides so that 1) income can grow 2) investment can grow 3) pressure on forex earnings reduces....is key to reducing our debt. But then again, we will always have debt. But the thing is, most Nigerians vote for parties like PDP and APC which give us flawed economic policiies.... Great morning to y'all. 4 Likes 1 Share |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by elmessiahs(m): 6:07am On Oct 05, 2021 |
MondayOsunbor:For now I have no where to go, all we have to pray is healing, because the political bourgeoisie have used their malfeasance used in perpetrating themselves into office to ensure that the country is in disarray. The truth is that the country gives us no hope, every day we keep sinking. |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by obinnaoduduwa: 6:09am On Oct 05, 2021 |
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Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Jolomenas: 6:09am On Oct 05, 2021 |
orisa37:We have stupid people on Nairaland. 1 Like |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by TooMuchStuff: 6:12am On Oct 05, 2021 |
Well , u blame the North. They got 95% of the loan borrowed. They are basically paying 0% debt. The South that got 5% of the loan borrowed by Buhari will be paying 100% of the debt with Southern resources and taxes. Tinubu own the blame for selling an expired product to the South in 2015. 1 Like |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by AntiChristian: 6:13am On Oct 05, 2021 |
May Allah help us repay our debt soonest. |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Fiscus105(m): 6:13am On Oct 05, 2021 |
Its a foolish father that will use 80% of his salary to borrow money, and use the money to do foundation of his building project. When the borrowed money exhausted, he won't move to the house, yet he will still be paying house rent and every other obligations, with 80% gone, how would he sustain his family welfare? It's on record that government in Nigeria can not do business successfully, yet bubu keeps piling debt to do railway and now refineries, not even railway that has very little minimum impact on economy , he is just doing it to satisfy his people in Niger republic a least for free flow of goods from Niger to Nigeria. The painful thing is that the next government will not let this man taste all his misdeeds in government. 3 Likes 1 Share |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by ednut1(m): 6:15am On Oct 05, 2021 |
Who is akelicious And why is he on fp, he plagiarises top newspapers
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Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Nobody: 6:16am On Oct 05, 2021 |
AntiChristian: Well, your government has to go from being resource dependent to being industrial dependent to do so. We can't pay off the debt so long as we all rely on oil. Crude oil revenues aren't enough for the whole country...unless crude is being sold at $140 per barrel, all other things remaining the same. |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by joyandfaith: 6:22am On Oct 05, 2021 |
AntiChristian: Allah did not ask us to burrow money and he will not help us to repay our debt any time soon. Debt is not good for any economy, even home economy. 2 Likes |
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