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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Countries With The Biggest Debts In The World (Photos) (62579 Views)
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Re: Countries With The Biggest Debts In The World (Photos) by wildikeman(m): 7:28am On Mar 04, 2023 |
They owe more than Nigeria...but they have the capacity to generate revenue and pay back. Nigeria is facing a real case of a default. Because it has the resources,but lacks the capacity of repayment |
Re: Countries With The Biggest Debts In The World (Photos) by Murketeer: 7:32am On Mar 04, 2023 |
EmeeNaka:To Jupiter |
Re: Countries With The Biggest Debts In The World (Photos) by Cazzim(m): 7:49am On Mar 04, 2023 |
ethikallyright: only intelligent people will understand all this,, they think all those advance country just develop like that, they don't know the taxes people pay over there |
Re: Countries With The Biggest Debts In The World (Photos) by Concepcion9ja(m): 7:52am On Mar 04, 2023 |
Nigeria will only develop when we start seeing positives about our country and the African continent. |
Re: Countries With The Biggest Debts In The World (Photos) by musicwriter(m): 7:54am On Mar 04, 2023 |
CodeTemplar: That's in itself is the problem! Before 1973 any such borrowing was backed up by real gold but it's no longer backed by anything today other than the IMAGE of the country. The US, UK, France, are like trusted brands. That's all. They don't have any real wealth or let me say they have more services than wealth, unlike China or even Russia that has more wealth than services. The major debtors don't pay back with goods or services, rather they balance out with China simply by printing more money and spreading it across the world. Imagine if the Nigerian Naira was acceptable across the world. If that was the case, we can afford not to work or produce anything because we can print any amount of paper (Naira) we want to exchange or borrow any amount of money we want from other countries. That's exactly what the major debtors do. And that's why countries like Russia, Iran, China, want that to change because it gives them an unfair advantage. 3 Likes |
Re: Countries With The Biggest Debts In The World (Photos) by Iamzik: 7:54am On Mar 04, 2023 |
WriterNiig: Comparative debt figure proves nothing Post debt to GDP ratio for all these countries lets see 1 Like |
Re: Countries With The Biggest Debts In The World (Photos) by Lukuluku69(m): 7:58am On Mar 04, 2023 |
CodeTemplar: That Prophecy is laced with Semitic Idiom/s. Taking it literally will .make it confusing and obscure. The "Beast" refers to the Government/s set up by Men, ruled and governed by Men's Laws and not God's hence the term "Beast" From time Immemorial Gold/Silver has always been the standard money. And even Man's arrangements still alludes to that practice by having their Paper Notes backed in Gold. All that change when Nixon I think depart from that practice and start printing more paper and ascribing values to it. That is the Mark of the Beast! The Mark that gives value which the "Beast"( Government) issues. This is my own interpretations and understanding of that prophecy though. |
Re: Countries With The Biggest Debts In The World (Photos) by Putinofrussia: 8:03am On Mar 04, 2023 |
Fut9ure:Tinubu will make Nigeria grow exponentially just like he and his team grew Lagos to become the 4th economy in Africa. Rich nations,rich states,rich people will always forever borrow more than the poor ones. It is the norm.The trajectory of development. Why do rich nations continue to borrow even if they have the money? An advanced country may obtain debt to give its slowing economy an adrenaline shot. This allows for the continuity of government programs despite the decline in tax revenue due to recession. |
Re: Countries With The Biggest Debts In The World (Photos) by Nobody: 8:06am On Mar 04, 2023 |
chiefoga: Nigeria's debt problem was created by Jonathan's government looting and poor economic management. Coincidentally, OBI was his special adviser on Economy. OBJ reserve far outweighed the debt. 1 Like |
Re: Countries With The Biggest Debts In The World (Photos) by CodeTemplar: 8:11am On Mar 04, 2023 |
musicwriter:As long as I can spent that no ey to buy important goods from them, no problem. |
Re: Countries With The Biggest Debts In The World (Photos) by Joseph1505(m): 8:16am On Mar 04, 2023 |
S/Question ๐ Why is Copywriting so important for everyone to know? R/Ans ๐ Creativity is the ability to build things, ideas & facts out of nothing. The moment you learn Copywriting, you become creative enough to manage any firm. |
Re: Countries With The Biggest Debts In The World (Photos) by musicwriter(m): 8:17am On Mar 04, 2023 |
CodeTemplar: That's the reason it's a scam because the major debtors don't owe any real money since they can pay with paper instead of real wealth in natural resources. On the contrary, poor countries that have no such luxury, such as Nigeria, owe real debt that we must pay with real wealth in natural resources and labor. |
Re: Countries With The Biggest Debts In The World (Photos) by ngBuild: 8:19am On Mar 04, 2023 |
FreeStuffsNG:Nothing dey your signature oga |
Re: Countries With The Biggest Debts In The World (Photos) by Nobody: 8:23am On Mar 04, 2023 |
EmeeNaka:The movers and shakers |
Re: Countries With The Biggest Debts In The World (Photos) by ngBuild: 8:25am On Mar 04, 2023 |
okeysoninv:It's around $70b |
Re: Countries With The Biggest Debts In The World (Photos) by jUeLiZ: 8:27am On Mar 04, 2023 |
Slurity:please ๐ do. I really want to know sir. Thank you. |
Re: Countries With The Biggest Debts In The World (Photos) by jUeLiZ: 8:28am On Mar 04, 2023 |
zolajpower:Tinubu might turn out to be a nice president...you never can say |
Re: Countries With The Biggest Debts In The World (Photos) by 2starboy25: 9:00am On Mar 04, 2023 |
Am confused!!! So which country is borrowing all this countries this kind of money in the first place?? 1 Like |
Re: Countries With The Biggest Debts In The World (Photos) by olaiyaO: 9:06am On Mar 04, 2023 |
Even China that's borrowing Nigeria money self dey own over 2.6tr na wah o |
Re: Countries With The Biggest Debts In The World (Photos) by alamoht(m): 9:12am On Mar 04, 2023 |
[quote author=ethikallyright post=121449133]I will also add that the citizens of these countries are indebted as well in that order. Let's start with the USA - most students become debtors just to go to school. They repay student loans all their life. Let's go to the 101st position- Nigeria has cheaper university fees than Ghana and Kenya. In the same USA, students are given the opportunity to work and get paid. |
Re: Countries With The Biggest Debts In The World (Photos) by gentlegenius(m): 9:17am On Mar 04, 2023 |
EmeeNaka:Same question I wanted to ask. Even China that Buhari and his crooks borrow money from, yet China is owing huge. Maybe they are indebted to the World bank. |
Re: Countries With The Biggest Debts In The World (Photos) by gentlegenius(m): 9:27am On Mar 04, 2023 |
ethikallyright:Truly speaking, students loan is the main reason why the US owes that much. (Only those who get jobs after school pay back their loans, those who cant get jobs after about 4 years, the govt write off their debt.)... And Tinubu is planning to implement same here. Hmmm... By the time Tinubu leaves office in 8 years, Nigeria will be among the top 20 indebted countries. Someone should advise the old kleptomaniac that student loan isn't the solution to the challenges of our teeming youths. |
Re: Countries With The Biggest Debts In The World (Photos) by gentlegenius(m): 9:34am On Mar 04, 2023 |
chiefoga:Why won't we wail and complain when we know that the intention of our leaders is to loot this borrowed money and mortgage our future? |
Re: Countries With The Biggest Debts In The World (Photos) by Believeintruth: 9:57am On Mar 04, 2023 |
FreeStuffsNG: Allah you don't have sense. First of all what is the proportion of the GDP that is debt? Nigeria's is almost 80% which is a disaster. These countries the debt is a low percentage of their GDP. Again their debt portfolio is easily traded as debt securities of which they have a high rating from the rating agencies. Nigeria's financial instruments not debt securities oooo, are already in junk status by the rating agencies. Also our debt is only for consumption and not for production so there is no payback period for those debts. If the debt was used for projects that can pay itself at least there is a payback period. |
Re: Countries With The Biggest Debts In The World (Photos) by OkodiDenzel: 9:59am On Mar 04, 2023 |
EmeeNaka: Mostly WORLD BANK. |
Re: Countries With The Biggest Debts In The World (Photos) by AMI3(m): 10:00am On Mar 04, 2023 |
God1000: There is nothing that is bad about borrowing what is bad is when u borrow and u don't use the money for the purpose. That is what is happening in our beloved country. 1 Like 1 Share |
Re: Countries With The Biggest Debts In The World (Photos) by loswhite(m): 10:57am On Mar 04, 2023 |
LandMann:Keep looking forward |
Re: Countries With The Biggest Debts In The World (Photos) by loswhite(m): 11:02am On Mar 04, 2023 |
iLoveYouToo:They subsidize darkness. They subsidize petroleum products....We know the reason for subsidy is to steal. The money you spend on providing alternative sources of energy outweigh the benefits of the subsidy. Please tell them to stop subsidizing but before they stop, they should ensure our refineries are working and we have electricity. |
Re: Countries With The Biggest Debts In The World (Photos) by bizhop01: 11:04am On Mar 04, 2023 |
There's different between borrowing money and shared for elders and the remaining is used for children naming ceremonies, and use crude oil fund to service the loan. Borrowing for profitable infrastructures and business establishments that will improve the standard of living and generate more fund Nigeria fall in first category |
Re: Countries With The Biggest Debts In The World (Photos) by ELOGBO: 11:07am On Mar 04, 2023 |
All this countries you listed have something tangible to show for it. Only Nigeria borrowed to be looted and relooted, we never see something |
Re: Countries With The Biggest Debts In The World (Photos) by Nobody: 11:52am On Mar 04, 2023 |
ELOGBO: Nigeria's debt problem was created by Jonathan's government looting and poor economic management. Coincidentally, OBI was his special adviser on Economy. OBASANJO reserve far outweighed the debt. |
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