Debt trap

kingsways:
Debt-to-GDP is not a good
metric . In fact it a wicked measure IMF use to push countries into debt trap.

The right metric to use is Debt to Revenue

You do not repay loans with GDP, you repay loans with revenues

Your GDP is the total value of your productivity, while your revenue is your income. If your work for a company and your total productivity is N10 million but your salary is only N1million, you can’t borrow based on N10 million, you can only borrow based on your salary.

the criminal international body is busy trying to trigger tinubu mumu bottom.

Lie, not only imf gives loan. What about other organizations

So where is our money going if 80% of revenue is for debt servicing?

ElSudani:


The report says it is not. I know this doesn't go with the doom and gloom narrative of the enemies of Nigeria.
Rather than call it propaganda present your own data to refute it.

SadiqBabaSani:
Propaganda, do not believe anything from this government ,

I can assure you by the time Tinubu is done with Nigeria, Nigeria will be the most indebted country in Africa

Stop being stupid. This is not some beer parlour narrative. Some metrics were shown. If you don't agree with it just because your brain couldn't accommodate anything that seems positive about Nigeria, simply dig up your own stats to refute it. Intellectual disagreements are tabled with facts, not by shouting "propaganda" like a mindless fool.

Don’t encourage these guys to borrow more

In most countries the borrowed money is used for projects

In Nigeria only a small percentage is used for projects, the rest are stolen to foreign bank accounts foolishly

Something to cheer us up but that will not hide the fact we are not blessed with prudent leaders..

Most if not all of 'em just want a slice of the pie.

Racoon:
This is pure lie and propaganda. The reality on ground does not tally commensurately with this report.

Propaganda?

U think FG can trick IMF into releasing fake data and report?
U guys dey scare me now o

IMF gives a negative report
A particular set of Nigerians - Yes, isn’t it obvious, Tinubu has destroyed Nigeria


IMF gives a positive report about Nigeria
The same set of Nigerians— its propaganda, its lies. We don’t believe anything IMF says.


Tell me a madness more severe than this.

SadiqBabaSani:
Propaganda, do not believe anything from this government ,

I can assure you by the time Tinubu is done with Nigeria, Nigeria will be the most indebted country in Africa

Calm down. This is not a report from the government. It is from international monetary fund (IMF).

SadiqBabaSani:
Propaganda, do not believe anything from this government ,

I can assure you by the time Tinubu is done with Nigeria, Nigeria will be the most indebted country in Africa

Then go to IMF and verify,stop having brain distress because you don't like your country

This govt of imf, for imf and by imf ...Will finish this country...many Nigerians go to bed hungry ...while we channel money that voukd ve help alleviate poverty towards debt servicing . The reality is thst will should continue to please the world bank policy .

Quintessence44:



You're a seriously sick person.

Honestly, you need help.

You are the one sick inside your senseless skull
Why not prove him wrong with a better argument if you think what he is saying is not true?

Quintessence44:



You're a seriously sick person.

Honestly, you need help.

But in all honesty, you seem the one that needs help here.

So that our mentally lazy and inept leaders will go and borrow more from them.

donbrowser:


If the news says Nigeria is 2nd most indebted, what would have been your comment?

Propaganda no dey run government. Being 2nd in a class of 3 does not make you a good student

IMF the real policy makers of our economy.
They will always deceive you into borrowing yourself to death

Mynd44:
The Nigerian government needs to earn more. How can the government earn more? Taxes.

Nigerians do not want to pay taxes

Why not production, making the policies business friendly so that people can earn and be happy to pay taxes. What have you done that you want to start taxing them?

What kind of metric is this?

Propangada.

Onyiiobi7735:

Of course I am referring to my useless vagabond father.

Thank God you have told us that your father is a useless vagabond and a criminal

ElSudani:


The report says it is not. I know this doesn't go with the doom and gloom narrative of the enemies of Nigeria.
Rather than call it propaganda present your own data to refute it.

What they said that our dept compare to our GDP is not bad but that doesn't reflect the economy of average Nigeria,the meaning is this the money coming to FG hand now is much due to removal of subsidy though the dept we are owing is much but with the inflow of much money with the FG the dept is not a problem. Now the problem is the much money in the hand of FG less money in the hand of the citizens is equal to suffering by the citizens. With this data Nigeria will continue to suffer while the policy maker get richer.

TinubuThief:

Thank God you have told us that your father is a useless vagabond and a criminal

And thank God you know your father is a useless vagabond, criminal and a swine.

ElSudani:


The report says it is not. I know this doesn't go with the doom and gloom narrative of the enemies of Nigeria.
Rather than call it propaganda present your own data to refute it.

. You guys really don't have an education.
It doesn't mean that Nigeria is least indebted in the real sense of it. It talking of debt to GDP ratio. DEBT TO GDP RATIO ISN'T TALKING OF THE AMOUNT OF MONEY OWED. IT'S TALKING OF AMOUNT IN RELATION TO GROSS DOMESTIC PRODUCT.
Nigeria is heavily indebted still. But when compared to the gross domestic product and population, it's not one of the highest. Even though our population and GDP are ruse.
However, this is a propaganda to keep us in delusion. The country is in a mess and IMF is deceiving Tinubu and Nigerians and urging Tinubu to borrow more.
For your info, IMF is the one running Nigeria and holding Tinubu by the balls and that's why Tinubu is taking all this draconian economic decisions without minding if Nigerians are going to die off.

Gbogbowa:
What they said that our dept compare to our GDP is not bad but that doesn't reflect the economy of average Nigeria,the meaning is this the money coming to FG hand now is much due to removal of subsidy though the dept we are owing is much but with the inflow of much money with the FG the dept is not a problem. Now the problem is the much money in the hand of FG less money in the hand of the citizens is equal to suffering by the citizens. With this data Nigeria will continue to suffer while the policy maker get richer.

. You understand it. This online Ronu miscreants don't have anything in their brains.

IMF have seen another senseless fool like Buhari and they using all sorts trick to lure him into taking heavy loans. We don't owe but Nigeria oil has been sold upfront for the next 50-100 years. How did it happen?