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Nairaland Forum / Nairaland / General / Politics / Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service (9585 Views)
New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill / Finance Bill: Dangote, 7UP, 170 Firms May Lose N2.4tn Tax Waivers / 2022 Budget: Reps Fear Economy Collapse, Says Debt Servicing Too High (2) (3) (4)
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Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by adenigga(m): 4:24am On Oct 07, 2022 |
…as Buhari presents appropriation bill to National Assembly today The President, Major General Muhammadu Buhari (retd.), will on Friday (today) lay the 2023 Appropriation Bill before a joint session of the National Assembly in Abuja. Source: https://punchng.com/Budget-Reps-approve-N8.4tn-borrowing-N6.3tn-debt-service
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Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Joshmoore(m): 4:31am On Oct 07, 2022 |
Who dey encourage to lend us this money self, pls stop nahhh, haaaaa! The future of our children is at stake, Peter Obi please do and come, things are getting out of hand 71 Likes 8 Shares |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by inoki247: 4:32am On Oct 07, 2022 |
2023 Nigerians will be living on Lapo, Palmcreditt and co.... Before Buhari leaves he go don finish the country credit score to even borrow 5Naira from Benin Republic no go dey possible.... 49 Likes 6 Shares |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Lexusgs430: 4:33am On Oct 07, 2022 |
Gradually sinking in debt ........ Which crazy organisation is still handing loans to Nigeria....... They are enemies of this country.......... Our debt servicing is almost at 100%........ Wàhálà for the incoming president........ 56 Likes 8 Shares |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by olatade(m): 4:33am On Oct 07, 2022 |
Buhari will borrow until he leaves office, even his transport fare to daura. 23 Likes 3 Shares |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by sirfemoz(m): 4:34am On Oct 07, 2022 |
Just imagine. Borrowing to pay back another loan. This country is gradually sinking. Instead of cutting down their own expenses in order to save some money, they are looking at the subsidy just to make sure that the citizens suffering never ends. Election is coming, let us not be blinded by the little 10k we will be given. Or he's from my tribe or same religion. Hardship doesn't discriminate. 51 Likes 8 Shares |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Favourchris(f): 4:34am On Oct 07, 2022 |
Borrowing to service debt. Watch how some useless youth will come and support this. Let me explain; servicing debt is not u paying the debt; is you paying the interest of the debt. Foolish youth; since you guys are blinded with tribalism; all of us go rip the result 65 Likes 9 Shares |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Killington(m): 4:37am On Oct 07, 2022 |
By the time this government is done, we would all be sold to slavery to offset their debt 7 Likes 1 Share |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by FA13(m): 4:37am On Oct 07, 2022 |
Terrible House. Borrowing funds only to use a substantial part of it to service debts. It is perplexing. By the way, where is ... 7 Likes 1 Share |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Killington(m): 4:38am On Oct 07, 2022 |
Favourchris: |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Killington(m): 4:38am On Oct 07, 2022 |
olatade: |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Killington(m): 4:38am On Oct 07, 2022 |
Joshmoore:I just weak 4 Likes |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Whois(m): 4:40am On Oct 07, 2022 |
APC simply hates Nigerians 15 Likes
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Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by zinolurv(m): 4:43am On Oct 07, 2022 |
Wow.. Debt service.. 1 Like |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Kurumaru: 4:44am On Oct 07, 2022 |
Can someone explain to me the type of economics that is being practiced by the Nigerian government? An economy with a proposed budget estimates totalling N19.76tn, with a deficit hovering between N11.30tn and N12.41tn in the 2023 fiscal year must definitely be a voodoo economic fiction taught in Jupiter where you learn how to borrow N8.4tn and use N6.3tn to services the debt? Yet people are still queuing up to further elongate these absurdities with their votes? 3 Likes |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Reyhzor(m): 4:44am On Oct 07, 2022 |
That's good and what people want. We go dey pay am , since we carry tribalism for head. He dey do giveaway, dey borrow money 16 Likes 1 Share |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by ATEAMS: 4:49am On Oct 07, 2022 |
Oops |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Racoon(m): 4:51am On Oct 07, 2022 |
These bastards just kept on mortgaging this nation into chronic eternal indebtedness.Debt servicing is not debt payment. These fools don't ever listen. Meanwhile, these are the disastrous policies of the catastrophic Buhari government Tinubu wants to copy? Nigeria is in a big shit. 11 Likes 1 Share |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Soulsymbol99: 4:54am On Oct 07, 2022 |
These people are bent on borrowing our future away Wot they do with all these monies remains to be seen 1 Like |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Nobody: 4:55am On Oct 07, 2022 |
Can someone explain to me the type of economics that is being practiced by the Nigerian government? An economy with a proposed budget estimates totalling N19.76tn, with a deficit hovering between N11.30tn and N12.41tn in the 2023 fiscal year must definitely be a voodoo economic fiction taught in Jupiter where you learn how to borrow N8.4tn and use N6.3tn to services the debt? Yet people are still queuing up to further elongate these absurdities with their votes? 21 Likes 2 Shares |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by tiswell(m): 4:55am On Oct 07, 2022 |
Nigerians must get sense by force vote wisely, vote Peter Obi. 18 Likes |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Franzinni: 4:57am On Oct 07, 2022 |
Who dey advice these people ? I am totally confused ... Like did they actually sit down and think? And if yes ... Na wah for the future 4 Likes 1 Share |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by FunkeAyorinde: 5:01am On Oct 07, 2022 |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Speaktruth1: 5:04am On Oct 07, 2022 |
What a disastrous government. Keep borrowing and relooting with nothing to show except suffering. God will deliver us from your hands soon. We have never had it bad. Please lets vote wisely this time. Vote Peter Obi and Datti Yusuf Vote labour party 11 Likes 1 Share |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Typicalguy(m): 5:05am On Oct 07, 2022 |
Why all this? This people no get chill at all, them just wan finish the country pata pata.... Obi to the rescue please help us o Lord 12 Likes |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Fkmodhi: 5:11am On Oct 07, 2022 |
darling daddy is seriously working... 6 Likes 1 Share |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Yankee101: 5:12am On Oct 07, 2022 |
Nigeria is finished 4 Likes |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Godfullsam(m): 5:15am On Oct 07, 2022 |
We can't announce budget without borrowing It is well o! |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by ecolime(m): 5:16am On Oct 07, 2022 |
FA13:It's just like been indebted to loan sharks without having a good means of income. It means you will start using debt to repay debt in no time. It's endless sadly. Naija has entered that said loan debt vicious cycle. The country is heading for the dooms. It's no joking matter. Something drastic must be done. 5 Likes |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by LeeSantos(m): 5:17am On Oct 07, 2022 |
Wetin concern me for wetin no concern me. The next presido don see excuses for 4 or 8 years -I inherited debts says presidency 5 Likes |
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by whela(m): 5:19am On Oct 07, 2022 |
Mad people 2 Likes |
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