₦airaland Forum

GavelSlam:
Jonathan's debt .

Between 2012 and 2015, Jonathan borrowed the equivalence of $15 billion dollars and earned high income from oil at average of $100 per barrel, with nothing to show for it. So far, between 2015 and 2018, Buhari had borrowed $7 billion dollars with lots of capital projects to show for it

White007:
CNN Mocks Buhari Calling Nigerian Youths Lazy and Illiterates.-

CNN, should face their Trump that refers to them as FAKE NEWS.

57% Americans think Donald Trump is a racist

https://www.cnn.com/2018/03/01/politics/point-trump-poll/index.html

Yes o. They should let us solve our own problem in our own way..

IMF douses fears on Nigeria’s rising debts profile

Contrary to increasing fears of negative outcome from Nigeria’s rising external and domestic debts, which many believe are back to pre-2015 levels to fund infrastructure development and budgets, the International Monetary Fund (IMF), yesterday said there is merit in this strategy.
The country’s total external and domestic debts according to the Debt Management Office (DMO), stood at about $18.9 billion, and N15.9 trillion respectively, as at March 2018, which reignited concerns that the country could be headed for another round of financial crisis, saying that servicing cost of over 60 per cent of revenues could be a burden to the country.

But the IMF said the Federal Government’s preference for more external debts relative to domestic has some merits, as Assistant Director, Fiscal Affairs, Catherine Pattillo, argued that “Factors that support Nigeria’s current external debt-to-GDP ratio is low so the external interest payments are relatively low,” adding that “The benefits of that switch is a reduction in overall interest payments and a lengthening of maturities.”

The Director General, DMO, MS Patience Oniha, had earlier dismissed repayment concerns, saying that at 18.2 per cent of Gross Domestic Product (GDP), Nigeria’s public debt remained sustainable, adding, “Our projection is that from two sources, the borrowing should be dropping in the medium term.”

A recent report by global rating agency, Standard and Poor’s (S&P), had also forecast that, “Overall, Nigeria’s gross general government debt stock (consolidating debt at the federal, state, and local government levels) will average 27 per cent of GDP for 2018-2021, comparing favourably with peer countries’ ratios.”


https://guardian.ng/news/imf-douses-fears-on-nigerias-rising-debts-profile/

Yyeske:
When Buhari calls Nigerian youths lazy now, people like you will call him names. You requested for something and you were provided a link to go and verify, instead you want to be spoonfed.
I tire for our yoots these days, so lazy.

PDP and other looters be it SDP, Red card or third force, can only take their eye see that Foreign reserve big figure, but they can never go there. Nigerians will not allow them near our National treasury again.
So when they bark and shout like a rabid da.wg, try and understand where their anger is coming from.

Qaisar1:
Nigerians are lazy and not hardworking... Do you know how hard it is to toast a babe when you're broke? We do it without stress. Lazy indeed!

Hahahahaha. Na that one dem dey tell you?

Monica Lewinsky don end Mr Lecturer career. Professor don spoil him own career with him third leg.


https://www.youtube.com/watch?v=Arzn4kBOxJI

CodeTemplar:
Is that the knew strategy of APC? Calling people lazy in a bid to get them to act. I pity your crooked brain.
You are the one celebrating Savings without putting into consideration things that negates saving. You are the Lazy one here ma

If calling you lazy will get you to act, is it not better for you? Read, you cannot..

CodeTemplar:
Who asked you for link? Post the debt increase here. Will you be proud of your husband if he borrow N10m over 2 years but was able to save N6m over same period? People like you is why a old man can insult our intelligence and get away with it.

Keep celebrating saving increase and ignore the debt the savings is going to service eventually.

You mean you are too lazy to check the link, read and understand the content by yourself?

IMF douses fears on Nigeria’s rising debts profile

Contrary to increasing fears of negative outcome from Nigeria’s rising external and domestic debts, which many believe are back to pre-2015 levels to fund infrastructure development and budgets, the International Monetary Fund (IMF), yesterday said there is merit in this strategy.
The country’s total external and domestic debts according to the Debt Management Office (DMO), stood at about $18.9 billion, and N15.9 trillion respectively, as at March 2018, which reignited concerns that the country could be headed for another round of financial crisis, saying that servicing cost of over 60 per cent of revenues could be a burden to the country.

But the IMF said the Federal Government’s preference for more external debts relative to domestic has some merits, as Assistant Director, Fiscal Affairs, Catherine Pattillo, argued that “Factors that support Nigeria’s current external debt-to-GDP ratio is low so the external interest payments are relatively low,” adding that “The benefits of that switch is a reduction in overall interest payments and a lengthening of maturities.”

The Director General, DMO, MS Patience Oniha, had earlier dismissed repayment concerns, saying that at 18.2 per cent of Gross Domestic Product (GDP), Nigeria’s public debt remained sustainable, adding, “Our projection is that from two sources, the borrowing should be dropping in the medium term.”

A recent report by global rating agency, Standard and Poor’s (S&P), had also forecast that, “Overall, Nigeria’s gross general government debt stock (consolidating debt at the federal, state, and local government levels) will average 27 per cent of GDP for 2018-2021, comparing favourably with peer countries’ ratios.”


https://guardian.ng/news/imf-douses-fears-on-nigerias-rising-debts-profile/

IMF douses fears on Nigeria’s rising debts profile

Contrary to increasing fears of negative outcome from Nigeria’s rising external and domestic debts, which many believe are back to pre-2015 levels to fund infrastructure development and budgets, the International Monetary Fund (IMF), yesterday said there is merit in this strategy.
The country’s total external and domestic debts according to the Debt Management Office (DMO), stood at about $18.9 billion, and N15.9 trillion respectively, as at March 2018, which reignited concerns that the country could be headed for another round of financial crisis, saying that servicing cost of over 60 per cent of revenues could be a burden to the country.

But the IMF said the Federal Government’s preference for more external debts relative to domestic has some merits, as Assistant Director, Fiscal Affairs, Catherine Pattillo, argued that “Factors that support Nigeria’s current external debt-to-GDP ratio is low so the external interest payments are relatively low,” adding that “The benefits of that switch is a reduction in overall interest payments and a lengthening of maturities.”

The Director General, DMO, MS Patience Oniha, had earlier dismissed repayment concerns, saying that at 18.2 per cent of Gross Domestic Product (GDP), Nigeria’s public debt remained sustainable, adding, “Our projection is that from two sources, the borrowing should be dropping in the medium term.”

A recent report by global rating agency, Standard and Poor’s (S&P), had also forecast that, “Overall, Nigeria’s gross general government debt stock (consolidating debt at the federal, state, and local government levels) will average 27 per cent of GDP for 2018-2021, comparing favourably with peer countries’ ratios.”


https://guardian.ng/news/imf-douses-fears-on-nigerias-rising-debts-profile/

CodeTemplar:
Both stats should be discussed in same thread as savings is opposite of debt.

That is why I gave you and the guy the link of DMO, showing where we are coming from and where we are right now.

eTECTIVe:
Abeg how much do we now owe in debts??

Go to the Debt Management office website. Here is the link. You will see how much Nigeria was owing as at June 2015 and how much the Country is owing now. You will also see how much of debt Nigeria racked up between 2012 and 2015. Then you do the comparison.

http://www.dmo.gov.ng/

StaffofOrayan:
Come out of this PDP, APC trap for the sake of your children, they are thesame people that were there in the 70's-80's, as you can clearly see none of them has been jailed, wake up

Their matter is in court. Some of them will be jailed. Stay tuned..

Nigeria’s foreign reserves hit $47 billion
https://www.premiumtimesng.com/news/top-news/264427-nigerias-foreign-reserves-hit-47-billion.html



https://www.youtube.com/watch?v=FmRaN-BM22o

Yes o.
Sai Baba

https://twitter.com/twitter/statuses/987230629979975680

KratosCorp:
Your are grabbing a silly straw, Mr Man.

1. The silly propaganda video you posted down there was NOT from PRESIDENT Trump.
2. The statement made on the crappy video was an analogy, not a statement of fact.
3. The interview was granted to the American media, in America, NOT abroad.
4. I told you to go and watch President Trump's speech at the last World Economic Forum.

Finally, none of you who blatantly defend this gross ineptitude and rape of the nation will go scot free. Karma will catch up with every single one of you.

[b]

In desperation see you contradicting yourself. First it was a propaganda video, next it was an interview granted to local media,, blah, blah..

The only person who will not go scott free are people like you who raped the country through unwantom looting and those who are supporting the looters.

The same Trump that has proven to be a racist time without number?

https://www.cnn.com/2018/03/01/politics/point-trump-poll/index.html

So they were waiting for Fayose to lose immunity before their trials begin? I knew it.

KratosCorp:
Bunch of idiots.

Go and watch Trump's presentation to the last World Economic Forum and learn how a president is his country's first cheerleader and Salesman-in-Chief.

You tell the world that lots of your present and future potential workforce are uneducated and lazy, yet you wonder why Ghana and Ethiopia are ahead as the fastest growing economies and investment destinations in Africa.


This is the same country where the informal sector is largely driven by the youths. But buhari won't promote that, instead he zooms in on the demonization syndrom just to get a kick from his bigoted moral high horse.

Folks like you the OP are the root problem of Nigeria. And as long as people with your mindset keep roaming around the space with your utter sycophancy the country has no hope.

Shameless skowpokes.

Watch Trump here:


https://www.youtube.com/watch?v=HxJSc7ZH570

Also, here is a link to where Obama was misepresented
https://www.snopes.com/fact-check/obama-calls-americans-lazy/

k9ine:
Thank you, but he is a court to perpetually detain Dasuki, El Zakzaky; without bias Obanikoro is now a saint.

Begin to pray each day when you return home, that Buhari should not be re-elected, if he is you will pity your country Nigeria.
Mark my words PITY. Bubu is a disaster of mythic propotion.

Supreme Court has decided on the case of Dasuki . Read the judgement here :Without sentiment you will be able to see clearly. https://www.google.ca/amp/s/www.vanguardngr.com/2018/03/efcc-not-responsible-dasuki-detention-supreme-court/amp/

k9ine:
Thank you, but he is a court to perpetually detain Dasuki, El Zakzaky; without bias Obanikoro is now a saint.

Begin to pray each day when you return home, that Buhari should not be re-elected, if he is you will pity your country Nigeria.
Mark my words PITY. Bubu is a disaster of mythic propotion.

Your comment is based on sentiment. Dasuki and El Zakzaky pose security risk, hence their detention. Obanikoro has been cooperating with EFCC in returning loot if you follow his case. When EFCC completes investigation on him decision will be made what to charge him for. I pray Buhari wins the coming election so as to put looters and their supporters to shame.

k9ine:
I strongly disagree with you. I believe in his 35 months of being President, he has sent Maina to jail, Musiliu, Amaechi, Saraki, Fashola, Dasuki and FFK, Buratai with his Dubai assets, etc all to jail.

The ONLY reason is that Muhammadu Buhari's incompetence has torn Nigeria apart and down.
I challenge you to name ONE sector in our socio-political, economic, welfare & security, and inter-ethnic standpoint that his incompetence and personal motive has not destroyed.

Find below how Buhari is causing great harm and terror.

Current National Disaster = f(Buhari's incompetence + inaction + vendetta + unwillingness to learn + blaming all but onself + feigning ignorance).

I strongly disagree with you as well. Buhari is not a court and neither is he Judge that jails people. Buhari has done what is required of the executives which is drag looters to court. That is the position that someone without ulterior motive or bias will take.

Watch out as many looters are sent to jail. This is why they are desperate in asking Buhari not to run in 2019.

Some Nigerian Pastors are just swindlers and hypocrites. They are very manipulative too. Use your head people before a con man answering Pastor use it for you.

Up Broooooooooooooom City!

This Sowore is a 419

progress69:
As advanced as the united states are in technology, with human radars,state of the art tracking equipments, are u telling me illegals dont gain entry tru one of the most guarded borders in the world?

Let me tell u what incompetence is, allowing a rag tag militant group become so powerful under 5 years of misrule to the extent they had Nigerian territories and established a caliphate on Nigerian soil....that is what incompetence is, omo Alhaji!

Exactly. If not why is Trump dreaming of building a "gigantic wall" between Mexico and USA?

Not to talk of Nigeria that is surrounded by 4 or more countries like "Mexico"

Of a fact many Nigerians on Social media are intellectually and generally lazy. Some of them have no PVC and are too lazy to have a job. Just free loaders. To them whining, complaining and throwing insults at those who have a different opinion from them has become a way of life

3-2

Iron Lady

Iron lady. No time for laxity. Perform or ship out

[BREAKING] Adeosun sacks acting SEC boss, Zubair, sends him to external affairs dept


Published April 13, 2018

Former Acting Director-General, Securities and Exchange Commission, Dr. Abdul Zubair.
…directs Uduk to take over as acting SEC DG

Ifeanyi Onuba, Abuja

The Minister of Finance, Mrs. Kemi Adeosun, on Friday removed Dr. Abdul Zubair as the acting Director-General of the Securities and Exchange Commission.



The removal was confirmed in a statement issued by the Special Adviser to the minister of finance, Mr. Oluyinka Akintunde.

The statement said that following his removal as acting SEC DG, Zubair has now been redeployed to External Relations Department.

Zubair was appointed as acting SEC DG on November 29, 2017 following the suspension of Mr. Mounir Gwarzo for alleged abuse of office.

As a result of the reassignment of Zubair, the minister, according to the statement, has given approval that Ms. Mary Uduk should assume the position of acting Director-General of the Commission.

The statement said that Uduk’s appointment is governed by the provisions of the Investments and Securities Act, 2007 and the conditions of service applicable to the Director-General of the Commission.

The statement read in part, “The minister, in a letter dated 13th April, 2018, said Uduk’s appointment had become necessary to ensure effective regulation of the capital market.

“Her appointment will, subject to satisfactory performance, subsist until further notice.

“The minister also announced the redeployment of the former acting Director-General of the Commission, Dr. Abdul Zubair, to External Relations Department.”

http://punchng.com/breaking-adeosun-sacks-acting-sec-boss-zubair-sends-him-to-external-affairs-dept/