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Nairaland Forum / Nairaland / General / Politics / Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO (5261 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)
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by IMASTEX: 6:26am On Oct 05, 2021 |
Hmm |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by lexy2014: 6:43am On Oct 05, 2021 |
Penguin2: https://www.youtube.com/watch?v=5w5dVPV1jyM |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by lexy2014: 6:45am On Oct 05, 2021 |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by EndBuhariNow(m): 6:48am On Oct 05, 2021 |
Buhari is the best thing that has ever happened to Northern Muslims after prophet Muhammad and Usman Danfodio |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by IdJack(m): 7:02am On Oct 05, 2021 |
This is getting serious. And this Bubu government is still borrowing to develop Niger Republic Kindly check my Signature for your Latest Business News and Making money tips |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by nograv: 7:10am On Oct 05, 2021 |
Fulani debt more like.. |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Cognitivereason: 7:33am On Oct 05, 2021 |
The railway will have a significant impact once completed and all the cargo that usually ply the roads noe use the rail from apapa all the way to kano and maradi... You don't understand how badly we need our refineries back if not u won't type that nonsense and post Fiscus105: 1 Like |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Cognitivereason: 7:35am On Oct 05, 2021 |
Funny enough... Even if crude oil jumbs to $140 ...we will still have to add trillions in order to subsidize fuel.. anorexicmuster: |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Fiscus105(m): 7:37am On Oct 05, 2021 |
Cognitivereason: U don't understand how, Nigerians run government own company, that's why u are saying thrash, hope u know how much they want to borrow to repair the refineries. I also believe you don't know the amount of salaries they are paying for workers that are redundant in dead refineries. |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Fiscus105(m): 7:44am On Oct 05, 2021 |
Cognitivereason: I guess u just following successfully government in Nigeria, .....I will implore you to come to this forum and comment on the return of railway after expiration of next government. Before you comment then, you should do comparative analysis of money borrowed, interest payable and return. You should not forget to find out the level of railway then, ....if would be able to get 1/10 of money borrowed before they will collapse. |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Nobody: 7:59am On Oct 05, 2021 |
Cognitivereason: Goes without saying . That's why i hate subsides There is a reason why many governments past and present have wanted to totally remove subsides. But Nigerians.. 1 Like |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by bamvik(m): 8:11am On Oct 05, 2021 |
G |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Cognitivereason: 8:53am On Oct 05, 2021 |
So the workers employed at the refinery shouldnt be paid ...it really because u or ur family members don't work there that y ur wailing... Those workers are the reason why the refinery is still repairable after 2 decades of redundancy More over if u understand the sophistication of a refinery u will understand why NNPC still have to employ staff to ensure not all the entire refinery infrastructure rot away.. How is $1.5 bn to repair a 210,000 barrel refinery.. The largest in west Africa.. Soon to be the second largest after dangote expensive..u think say refinery na ur normal factories u see around.. aside dangote who is a government pikin Y do u think no investor had ever thought of building one close to 50,000 barrel...even the modular refineries in IMO and delta have their capacities not more than 10,000ba and it took years to build them plus money I hope you know the difference between a modular refinery and a refinery.. Refinery projects are regarded as major project all around the world because of the kin d of engineering and equipments that have to come together to form one. Y not estimate the amount to build a new one.. Dangote refinery is 650,000ba/day and cost $19bn ,..u do the math for 210,000ba/day.. And ur here complaining about 1.5bn for a refinery that have been moribund for 2 decades plus... Read this article and acquire some info https://www.google.com/amp/s/www.channelstv.com/2021/03/21/we-wont-borrow-all-1-5bn-to-rehabilitate-port-harcourt-refinery-fg-tells-nigerians/amp/ Lastly... U need to get this simply economic fact... No industry can ever progress if it is being subsidized...know this and know peace...it doesn't matter weather it is government owned or private....as far as that industry doesn't obey the law of demand and supply and doesn't make profit because of subsidies.. It will never grow... Can't u see the obvious.. GEJ understood this that y he fought to remove subsidies because that was the fundamental problem...but Nigerians ignorant enough said no because of cheap fuel because some politicians benefit from it... If dey had remove this years ago...fuel won't cost this much simply because the value of the naira won't have lost so much value as a result of importation of refined products... Buhari himself understood this ..that y they are slowing removing subsidies from the power sector... Y u do think disco now have the confidence to roll out pre paid meter massively during this tenure....it because of the fact that government is slowing deregulating that sector in order for it to be profitable... There are many kind of industries in Nigeria but the two major industry or sector that have failed us all and stunted our growth as a country is power and petroleum... U know y ...because of subsidies.. Look at telecommunication...there was a time SIm Card cost 30k...thank ur stars obasanjo didn't think of subsidizing telecommunication if not u won't even see network to type DAT nonsense... Today DAT sector has grown to be a major contributor to GDP.. And today look at the cost of SIM...any one working in telecommunication is now regarded as a big man because of how that sector massively grew...oil and power industries are no longer attractive... See ..the greed of Nigerians and politicians as well caused all this because of cheap fuels and power.. Go to Benin republic and Ghana and buy fuel.. Maybe they have two heads for not paying subsidies Fiscus105: 1 Like |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Nobody: 11:42am On Oct 05, 2021 |
Wetin concern me ? If you want borrow $100bn and build railway and airport in Niger republic, nah your concern. |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by AntiChristian: 1:09pm On Oct 05, 2021 |
joyandfaith: Stop typing like this. How many country in the world does not have debt? |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by joyandfaith: 1:12pm On Oct 05, 2021 |
AntiChristian:Borrowers are slaves of creditors. |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by AntiChristian: 1:25pm On Oct 05, 2021 |
joyandfaith: How many country in the world does not have debt? Answer this first. |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Perfectbeing(m): 1:25pm On Oct 05, 2021 |
anorexicmuster:Any Presidential aspirant that comes out to say he will totally remove fuel and electricity subsidy will not get up to 1000 vote from Nigerians. Most people are senseless about these things. 1 Like |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Perfectbeing(m): 1:33pm On Oct 05, 2021 |
joyandfaith:America is the most indebted nation on earth with a debt of $28 trillion. Tell me who their slave masters are? Apple is owing $112 billion. Who are the slave to? People will just be quoting scriptures out of context.. |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by joyandfaith: 1:44pm On Oct 05, 2021 |
Perfectbeing: America is also a creditor. Apple is a slave of those creditors. If apple fails to pay, the company may be taken over by the creditor. I repeat borrowers are slaves of creditors. |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Perfectbeing(m): 10:39pm On Oct 05, 2021 |
joyandfaith:It is better to be a slave like Apple than to be a poor man that is not a slave. |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by joyandfaith: 10:41pm On Oct 05, 2021 |
Perfectbeing: Nigeria is a poor slave |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Fiscus105(m): 3:58pm On Oct 08, 2021 |
Cognitivereason: I need ur comment on amount nigeria railway is generating and amount they need for maintenance. Bye. |
Re: Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO by Cognitivereason: 11:01am On Oct 10, 2021 |
I think u have ur answer already on an article on front page.. Anyways the reason why the raillines only generated a mere 1bn is because it not receiving full patronage due to limited route, it not fully completed (Lagos kano maradi line)...and cargoes are still not being transported using the rails..in short the Loan sent to NASS for approval included allocation for the modernization of the Lagos Ibadan railine and extension to tin can island to facilitate cargo movement.. Ibadan to abuja still needs to be built.. Let all this be done and the revenue will rise exponentially Besides there is no where in the world railines are built to make profit..it a service that why it regarded as the cheapest form of transport....that why only government build it not private companies... Fiscus105: |
Nigeria’s Electricity Invoices Average ₦720 Billion Yearly - NBET / LASG Begs Igbo Traders To Reopen Alaba, Bemoans 75% Loss Of State IGR / Observations On Results From One Of The Over Hyped Kkks. Katsina in particular.
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