Politics › Re: Youth Leader In Enugu Set Tinubu's Billboard On Fire by garykoeman: 8:07am On May 23 |
The power that be will surely reciprocate.
Gbajue billboard or poster will not be sighted anywhere around.
That is 💯 certainty. |
Politics › Re: Tremendous Confusion In APC As Classified Top Secrets About Tinubu Just Leak Out by garykoeman: 7:38am On May 23 |
|
Politics › Re: "Tinubu Govt Added More Debt In 2 Years Than Nigeria Accumulated In 55 Years" by garykoeman: 7:33am On May 23 |
Zionmdde: No other child deserves to be taught by whoever taught you maths in primary school Quote by nnamdi kanu followers and Peter obi supporters. Saviour of Nigeria, judas of anambra.
|
Politics › Re: Water Tank By Ayra Starr Vs Borehole By Peter Obi by garykoeman: 7:29am On May 23 |
Obi is an online content creator.
Took anambra back twenty years in terms of development.
Thank God for visioneers in the person of obiano and the present governor.
|
Politics › Re: "Tinubu Govt Added More Debt In 2 Years Than Nigeria Accumulated In 55 Years" by garykoeman: 7:21am On May 23 |
Aleister: Vote for him again in 2027. It will surely favor you I reckon. Tinubu or not am already favoured. Nigeria is a country where you can be successful if you re not lazy or lack focus. |
Politics › Re: Northerners Get Hold Of OK NDC Stickers (Pictures) by garykoeman: 7:13am On May 23 |
Paid advert. NDC is an online party. A party where the flag bearer was picked in Dickson living room Undemocratic element.  |
Politics › Re: "Tinubu Govt Added More Debt In 2 Years Than Nigeria Accumulated In 55 Years" by garykoeman: 7:10am On May 23 |
Ofunaofu: Report: Current Govt Added More Debt in Two Years Than Nigeria Accumulated in 55 Years
• Decries Nigeria’s debt service-to-revenue ratio
•Urges FG to declare fiscal emergency
A new policy brief has warned that Nigeria’s worsening debt profile and weak revenue generation have pushed the country into a dangerous fiscal position, with the current administration accumulating more debt in two years than Nigeria recorded during its first 55 years after independence.
The report, released by the Alliance for Economic Research and Ethics LTD/GTE, a Nigerian policy think tank, argued that the country’s debt crisis has evolved into a governance and revenue emergency, as debt servicing obligations now exceed the federal government’s retained earnings.
But the federal government had recently dismissed concerns raised by critics over the rising borrowing and debt accumulation, insisting that deficit spending was neither criminal nor abnormal.
It described debt as one of the oldest instruments of macroeconomic stabilisation known to economic theory and modern statecraft, characterising the position of critics as ‘economic illiteracy’ disguised as moral outrage
According to the think tank, Nigeria’s public debt rose sharply from N87.38 trillion in June 2023 to N159.28 trillion by the end of 2025, with President Bola Tinubu’s administration accounting for about N65.9 trillion of the increase within its first two years in office.
The organisation in the brief titled: “Nigeria Is Borrowing to Breathe—and the Clock Is Ticking”, noted that Nigeria accumulated only about N12.06 trillion in debt from independence in 1960 up to 2015, meaning the current administration added more than five times that amount in just 24 months.
The report stated that while previous governments also contributed significantly to the country’s rising debt burden, the speed of accumulation under the current administration had intensified concerns over fiscal sustainability.
“President Bola Tinubu’s administration has added a further N65.9 trillion in just two years. To put that in perspective: it took Nigeria’s first 55 years of independence to accumulate N12 trillion in debt. The current administration has added more than five times that amount in 24 months,” it argued.
It recalled that Nigeria briefly became almost debt-free externally after the administration of former President Olusegun Obasanjo secured an $18 billion Paris Club debt relief package in 2005 and paid $12 billion to extinguish about $30 billion in external obligations.
According to the report, that period represented a “golden window” for Nigeria, supported by the Excess Crude Account (ECA) and strong oil revenues, before subsequent administrations gradually returned the country to heavy borrowing.
The think tank explained that by 2015, under former President Goodluck Jonathan, public debt had risen to N12.06 trillion, although debt service obligations remained manageable at the time.
However, it stated that the debt profile expanded dramatically during the administration of former President Muhammadu Buhari, when total public debt climbed from N12.06 trillion to N87.38 trillion by June 2023, representing an increase of more than 620 per cent.
The report stressed that although Nigeria’s debt-to-GDP ratio of about 35.5 per cent appeared relatively moderate compared to countries such as South Africa, Ghana and Kenya, the more important measure of fiscal health was how much of government revenue was consumed by debt repayment.
According to the policy brief, Nigeria’s debt service-to-revenue ratio rose to 116.8 per cent in 2024 before easing slightly to 113 per cent in the first quarter of 2025.
Citing public data, the report revealed that in January 2025 alone, the federal government spent N696.27 billion on debt servicing, compared to retained revenue of N483.47 billion.
But beyond the rising debt stock itself, the organisation argued that the more troubling development was Nigeria’s deteriorating debt service-to-revenue ratio.
“Governments love to quote the debt-to-GDP ratio. Nigeria’s is 35.5 per cent, well below the IMF’s 55 per cent distress threshold, and far more comfortable-looking than South Africa’s 78.8 per cent or Kenya’s 65.6 per cent . Politicians wave this number like a clean bill of health.
“ Do not be deceived. The number that actually matters is the debt service-to-revenue ratio, how much of every naira earned goes straight to paying creditors. Nigeria’s ratio stood at 116.8 per cent in 2024, easing only slightly to 113 per cent in Q1 2025, according to the Nigerian Economic Summit Group (NESG).
“ In January 2025 alone, the CBN’s own data showed the federal government paying out N696.27 billion in debt service against total retained revenue of just N483.47 billion. That is a 144 per cent coverage ratio in a single month,” the report added.
The report described the development as evidence that the government was now spending more on servicing debt than it earned.
The organisation argued that Nigeria’s central problem was not necessarily the size of its economy, but the government’s inability to mobilise adequate revenue from it.
It pointed out that Nigeria’s tax-to-GDP ratio remained critically low at about 8.2 per cent, far below the Sub-Saharan African average of 15 per cent and significantly lower than South Africa’s 24 per cent, Kenya’s 16 per cent and Ghana’s 13 per cent.
According to the report, the weak revenue base has left the government heavily dependent on borrowing to finance recurrent expenditure, budget deficits and debt obligations. The think tank also highlighted concerns over the 2026 Appropriation Act, which allocated N15.8 trillion for debt servicing alone.
It noted that the figure exceeded the N15.4 trillion budgeted for recurrent non-debt expenditure and was larger than allocations to critical sectors such as education, healthcare and security combined.
In addition, the report stated that the projected fiscal deficit of about N25.3 trillion in the 2026 budget breached the 3 per cent threshold stipulated under the Fiscal Responsibility Act (FRA).
The organisation warned that continued deficit financing and aggressive borrowing could further weaken the naira, sustain inflationary pressures and crowd out private sector investment. According to the report, the current high-interest-rate environment has already made borrowing increasingly expensive for businesses, limiting expansion, job creation and economic growth.
The think tank argued that much of Nigeria’s borrowing had not translated into sufficient productive infrastructure capable of generating returns or stimulating broad economic growth. It stated that future generations risk inheriting massive liabilities without corresponding economic assets.
The report further noted that Nigeria’s debt challenge was not unique and cited examples of countries that had successfully implemented reforms to restore fiscal stability.
It referenced Ethiopia’s restructuring agreement with official creditors under the G20 Common Framework, Ghana’s IMF-supported fiscal reforms and Rwanda’s strict policy of borrowing only for projects with measurable economic returns.
According to the organisation, Nigeria still possesses the institutional capacity and economic potential to reverse its fiscal deterioration if political leaders demonstrate sufficient discipline and commitment to reform.
Among its recommendations, the report called on the federal government to declare a fiscal emergency focused on revenue generation, with a target of increasing the tax-to-GDP ratio.
It also urged full digitisation of tax collection systems, taxation of digital and informal sector activities, and greater transparency in public finance management.
The think tank further recommended stronger enforcement of the Fiscal Responsibility Act, including criminal sanctions for breaches of deficit limits and tighter restrictions on borrowing for recurrent expenditure.
https://www.thisdaylive.com/2026/05/22/report-current-govt-added-more-debt-in-two-years-than-nigeria-accumulated-in-55-years/ He has also paid back more than was done by any government in Nigeria history. |
Politics › Re: What Will Happen To Nigeria If Peter Obi Wins In 2027? (20 Bold Predictions) by garykoeman: 7:08am On May 23 |
Bsssss: If Peter Obi takes the oath of office in 2027, let’s be honest: the era of "business as usual" will end the very next morning. It won't be a magic wand performance, and it won't be an overnight fix—but it will be a level of disruption that the establishment is not prepared for. If you are expecting a "soft landing" for the corrupt, think again. Here is exactly what we should expect during those first 100 days:
1. The End of Waste: Say goodbye to endless convoys and frivolous foreign junkets. The era of government-funded luxury is ending.
2. Audit Season: Ministries and agencies will face serious heat. Expect hidden contracts and inflated budgets to become front-page national scandals.
3. The Subsidy Reality: The conversation will return immediately. It will be painful, but this time, there will be a structure behind it.
4. Market Sentiment: The Naira might swing wildly at first...but watch as serious investors start taking notice once they see fiscal discipline.
5. Silence of the Parasites: The political middle-men and "connection" contractors will go quiet once the supply chain of free money dries up.
6. Renewed Hope: The energy among Nigerian youths will shift the national mood. Hope is a powerful tool for rebuilding.
7. The "Old Guard" Resistance: Expect the status quo to fight back. The old elite will not give up their grip on power without a massive, noisy battle. 8. Institutional Friction: Expect tension between the Presidency and established institutions that have grown comfortable with corruption. 9. Competence over Godfatherism: Appointments will be driven by merit. The era of "Who is your godfather?" is heading to the exit.
10. Education First: ASUU and universities will finally get the attention they deserve, not just in words, but in policy and funding. 11. The Brain Gain: Nigerians in the diaspora will start looking back home. Stability is the only thing they need to return. 12. Corruption Headlines: Expect a flurry of cases in the news. The cleanup will be visible and loud.
13. Forced Transparency: Governors will suddenly realize that "transparency" is the new trend.
14. Digital Revolution: The civil service will be forced to move from paper files to digital, efficient operations. 15. NASS Drama: Attempts to cut National Assembly waste will create enough drama to last a lifetime, but it’s a necessary fight.
16. Market Confidence: Watch the stock market. Confidence returns when investors see that the leader is actually in charge.
17. Initial Hardship: Fuel prices won't drop overnight. It will be tough, and the critics will try to use this to fan the flames of unrest. 18. The Media War: Once reforms touch the pockets of the powerful, the media attacks against Obi will intensify to an unprecedented level. 19. The Digital Battleground: Online division will hit an all-time high. The clash between those who want progress and those who want the status quo will be daily.
20. The Psychology of Leadership: Most importantly, Nigerians will finally feel a sense of responsibility from the top. That alone is a massive shift.
We are talking about a total reset. It won't be easy, and it won't be pretty for those feeding off our national wealth, but it is necessary for a New Nigeria.
What do you think? Will the establishment be able to stop this, or is the change inevitable? Let's discuss. How come all you listed were never implemented by obi in anambra m |
Travel › Re: Chongqing East Railway Station: Biggest Railway Station In The World by garykoeman: 7:06am On May 23 |
franchasng: Which coastal highway?
The one that Tinubu's government awarded to Hitech, a company that Tinubu's family have a stake in? Is that how Xi Jinping awards government contracts in China? If Nigeria was China, Tinubu and his entire cabinet will be languishing in jail after a nationwide protest rocks the nation demanding his immediate removal for constitutional violations, nepotism and bias leadership!
The coastal highway project that was awarded with corruption and violation of our national laws which states that every government project contract must pass through public bidding and contract vetting and awarding processes that involve hundreds of contractors submitting their bids and quotations, but your coastal highway got awarded without public bidding and with over inflated cost that can even complete this very largest railway station being talked about. Please if you dont have something meaningful to say, just scroll.
Meanwhile, Chinese government didn't abandon their dilapidated old railway stations to start this new railway station just to score some cheap point and to steal China money from the overpriced project. Abeg pack one side, we are talking about serious nations governed by sincere leaders that are working for the communal prosperity of their nation and you are talking about Nigeria led by a cunning man ruling Nigeria with bias mind and nepotism to favor only his people and region against other parts of the country, is that how Xi Jinping developed China? Have you ever visited China before? I have and I almost cried like a baby even without knowing. Plz dont get me upset pls pls Peter obi, kept anambra state funds in fidelity bank. A bank he owns substantial shares. If Nigeria was China, he will be imprisoned for life. |
|
Politics › Re: A Lithany Of Lies! by garykoeman: 6:03am On May 21 |
Another Nnamdi kanu followers and Peter obi supporters thread. |
Crime › Re: Mexican Drug Barons And Nigerians Arrested In Ogun Forest (pictures) by garykoeman: 2:22pm On May 20 |
From Malaysia to Singapore, money na water. |
Politics › Re: Obi Says National Unity Will Be Top Priority If Elected President by garykoeman: 1:27pm On May 20 |
A presidential candidate without primaries.
Is that one a candidate. |
Foreign Affairs › Re: ISIS Leader, Abu-Bilal al-Minuki Killed By US & Nigerian Forces - Trump by garykoeman: 9:02am On May 16 |
Kudos to President Tinubu and the Nigeria armed forces.
No place for terrorist in Nigeria. |
Politics › Re: ISIS Second In Command Worldwide Killed In Nigeria - Trump by garykoeman: 7:34am On May 16 |
Good work from Trump.
Keep up with it. |
Celebrities › Re: Leaked Audio Of Chike & Sandra Edoho, As They Share Same Love Song Online by garykoeman: 5:33pm On May 14 |
That what happen when you marry olosho who pretend to be a wife material.
Frank no be guy man. |
Politics › Re: Can Reno Omokri Harrass These Men Unprovoked? Politics Not For D Weak. Photo by garykoeman: 8:13am On May 11 |
Obi is definitely reaping what he sow through his disrespectful obidient mob movement. |
Politics › Re: How Peter Obi Shocked APC And Left ADC Empty-handed Ahead Of 2027 by garykoeman: 4:45pm On May 10 |
The only people shocked by his defection is the opposition which he is part of.
Opposition is already divided against itself.
Meaning it's ✌️ for APC |
Politics › Re: Just The Tip: Nigerians Mock Peter Obi's One Term Promise (pix) by garykoeman: 4:40pm On May 10 |
Burob: I believe U meant to say former presidential candidate? Pardon me.  |
Politics › Re: Just The Tip: Nigerians Mock Peter Obi's One Term Promise (pix) by garykoeman: 3:00pm On May 10 |
Obi does not have any plans for the country. Ordinary organizing committee he was given in ADC to handle he messed up. His only ambition is to be called former president.  |
Politics › Re: "You 3rd Class Holder " Kenneth Okonkwo Blast Peter Obi Again by garykoeman: 2:58pm On May 10 |
Kenneth was one of the obidient who packaged this gbajue in 2023. Breeze don blow fowl yansh don open. President Tinubu head too strong.  |
Politics › Re: From Consumption To Production " Peter Obi Good Governance Agenda For Nigerians" by garykoeman: 12:37pm On May 10 |
21lucky: Peter Obi, a presidential aspirant for the 2027 Presidential elections under NCParty in Nigeria; is a man with a good heart for the citizens of Nigeria.
A philanthropist who have the fear of God and hate injustice and who is ready to do the right thing at any given time in order to see that injustice do not take place in the Nigeria.
Peter Obi has always show that he has a good agenda for Nigerians; By working out ways to provide employments for Nigerians and to increase food productions in Nigeria (from consumption to production) when he becomes the next President of Nigeria come 2027. The agenda of Peter Obi for Nigerians is to make Nigeria a wealth creator thereby elevating Nigeria from been the capital of poverty among Nations to become one of the wealthiest nation among Nations.
The agenda of Peter Obi is clear for the public to see, just as the sky in the morning is clear for all to see. The agenda of Peter Obi is to make Nigeria a better place for the citizens of Nigeria and foreigners to live in peace and safety without worries in the land of Nigeria.
The strong man called Peter Obi is a gentle man who is wise and love to help the needy, widows, orphans and the poor in the society. Peter Obi have helped a lot of Nigerians; Yoruba people, hausa people, Fulani people, igbo people, ijaw people and other ethnic groups in Nigeria. A lot of people have been empowered by Peter Obi to become wealth creators. He is a politician that can not be defeated in any political battle by his enemies.
Peter Obi have made knowledge attractive by the words he speaks, and he has been speaking kind words to encourage Nigerians that they should not give up on a better Nigeria. Peter Obi have been spreading his knowledge in order to make some Nigerians to become wise like him. He has been doing what is right and avoiding doing what is wrong; that is why people are saying Peter Obi No Dey Give Shi Shi.
Peter Obi is an intelligent person because he wants to learn. Peter Obi hate ignorance, that is one of the reasons why he travel to Egypt to study Egyptian Power Sector in order to use the knowledge to improve Nigeria Power Sector when he becomes the next President of Nigeria come 2027.
Peter Obi loves Nigerians and want to serve them if given the chance to become their next President of Nigeria. Peter Obi want to make Nigerians happy again. Peter Obi is an hardworking man and a honest person who have humble himself before Nigerians, so he can better their lives by serving them. Another lamba. Show us how he transform anambra from consumption to production. Comedians. |
Politics › Re: Why Do Some People Go Berserk When You Say “vote Wisely”? by garykoeman: 12:33pm On May 10 |
You people should stop decieving yourself obi stands no chance in this election.
The contest is between President Tinubu vs president Tinubu. |
Politics › Re: Peter Obi's Press Release On the Successful NDC Party Convention (Photo) by garykoeman: 12:26pm On May 10 |
This gbajue still dey decieve himself.
Thanks to kwankwashor for splitting the opposition votes again.
After the election APC await you. |
Politics › Re: How Will Tinubu Get Block Southern Votes? by garykoeman: 12:25pm On May 10 |
The defeat waiting for gbajue in anambra even his online supporters will be shocked. |
Politics › Re: PHOTOS: NDC Holds National Convention In Abuja by garykoeman: 3:56pm On May 09 |
 Naming ceremony convention. See what desperation has lead these old men into. |
Politics › Re: Kwankwaso & Obi Supporters Fight At The Convention After Ticket Zoned To South by garykoeman: 3:49pm On May 09 |
Fight to finish. Tinubu head strong abeg.  |
Politics › Re: OK2027: Peter Obi Will Pull Over 10million Votes by garykoeman: 2:15pm On May 09 |
tonesky: I'm a sane clime, Peter Obi will win with a very wide margin but my advice to Peter Obi supporters is that they should be smart with their eyes wide open. They should remember in 2023 while Obi was busy galvanizing votes, Tinubu focused on avenues to rig and manipulate INEC. So, Obi supporters should also look beyond voting and put a check to manipulative tendencies,; including (intimidation) of APC for they will also toe that part in 2027. They did it in 2023, but obi still came third.
|
Politics › Re: OK2027: Peter Obi Will Pull Over 10million Votes by garykoeman: 1:53pm On May 09 |
Felabrity: you must be OK by force in 2027  Ok is never ok. |
Politics › Re: Nigerians React As Peter Obi Wears “OK” Shirt While Kwankwaso Doesn’t by garykoeman: 1:53pm On May 09 |
Person wey kwankwashor go beat for primary.
Ok is not ok. |
Politics › Re: Did NDC Zone Their Presidential Ticket To The South? by garykoeman: 1:49pm On May 09 |
NDC has never zone any position.
It's not acceptable for both the party chairman and presidential candidate to come from the south. |
Politics › Re: OK2027: Peter Obi Will Pull Over 10million Votes by garykoeman: 1:46pm On May 09 |
Ok is not ok.
Ok is not ok
Pull 10m in their dream. |