₦airaland Forum

I knew about sleepwalkers but sleepproducer is a new one on me.

lalasticlala:
I find this introduction by YouTube bloggers annoying. Why not go straight and post the video?

Do re mi fa so la la

I am not partisan but these are bad actors and the location manager should be fired along with stage manager

There are many yahoo girls impersonating slay queens online

0monnak0da:
You can NEED all kinds of things all day long.

Borrowing , ABOVE EVERYTHING, must be linked to the ability to REPAY the debt..

The ability to repay is LINKED to REVENUE and other debts already being serviced.

At the moment we are told 25% of the Federal budget is used to service debt.
If we borrow more then that percentage would exceed 25%.
How much is "too much"?

For me 25% is too much


We must not forget that there is always possibility of CRISIS i.e. loss of revenue from a crash in oil prices or Niger Delta militancy or both during the life time of the loan.

This makes it very risky to lend to Nigeria especially in NAIRA as we saw in 2015-2017

Crucially we are not borrowing to invest in stuff with cash flow like refineries but in social infrastructure which is allocated NOT ON THE BASIS OF A BUSINESS CASE but on Federal character considerations.
We are borrowing to subsidize petrol and expensive and wasteful governance.

It is important to change whilst we still have a choice than wait till the IMF makes a choice for us.
Before we borrow another naira we should set a date for removal of petrol subsidy , even it it is 5 years away.
We cannot afford it

FINALLY

For government it is excellent to borrow if you borrow only in your own currency
In Nigeria government borrowing from the Central Bank has been at over 10% . The question is WHY can't the government borrow cheaper in Nigeria

One It is already owing so much and the government level of spending is inflationary because we import so much and produce so little the Naira is weak and we have chronic inflation.
Sadly government spend goes largely to fund importation and not local production

You nailed it for me.

riches4me:
The Op will not tell you that as Japan is the second biggest debtors it is one of the biggest lenders in the world.

That is the irony of it all.

helinues:
You listed Nigeria debt without listing the developments compared with those countries..

Issa okay

That is my point. Is debt a catalyst to development?

Taba21:
Are you now comparing united state, Japan, China etc with Nigeria

Just wondering if with the right leaders debt is a good thing

PDP need to replace their current umbrella symbol with this catapult. Then, catapult retailers like this guy can smile to the bank like broom sellers during APC campaign...and that will also send a message to APC

slowice:
Nigeria prolly need to borrow more to fund massive infrastructural development but with the kind of leader we ve and produce,it ll end up being looted and relooted through ambiguous contract inflation and more

You are right. If debt is not properly utilized we'll be worst for it.

kufre2010:
Nigeria's 27.3% of dept goes to gdp while Japan 17% goes to gdp. Japan annual budget is in trillions of dollars while Nigeria's annual budget is approximately 28 to 30 billion dollars. If u ask me I will tell u Nigeria dept profile is the worst compare to our income generation

Nope. Look at the infographic again Japan owes 17% of total debts in the world and has 237% debt to gdp. All countries in yellow shade are the worst debtors Japan, Greece, Venezuela and Sudan

We are the 7th most populated nation in the world with all types of economic and infrastructural challenges, I have often heard countrymen complaining about our soaring debt profile but looking at this info published by visualcapitalist .com I started wondering if we are really borrowing enough. Nations like United State, Japan, China, Italy, Germany and United Kingdom top the list. Is there something we are missing?

At continental level Africa has 1.9% of total world debt which is the lowest with Asia and Pasific having 34.8% followed by North America 34.2%. At the country level the top 3 countries which I mentioned above actually owed 57.8% of total debt. Which is a whopping $39trillion of the 69 trillion world debt. Leaving the rest of the world to share the crumbs falling from their dining table.

President Obasanjo and the then minister of finance spent most of their tenure lobbying for debt relief for the country which they achieved and that was considered a great achievement.

My question is, why are the biggest debtors doing great and they are not complaining while some of them even lend to us from what they themselves borrowed? Nigerian ranked 47 in the world with 0.2% of the world debt and most importantly 27.3% debt to gdp. We owe $109 billion compare to Japan which I think is the worst debtor with aprox $12 trillion, 17% with debt to gdp 237%.

Maybe we need to borrow more to build infrastructures and invest in research. Economists, what do you think?

Visualizing $69 Trillion of World Debt in One Infographic
https://www.visualcapitalist.com/69-trillion-of-world-debt-in-one-infographic/

Will like to c it

You are just trying to compound your problem with compound romance especially with your caretaker/landlord daughter.

iammo:
Oyinbo redesigning case and component to legally scam Nigerians

Hilarious

https://en.m.wikipedia.org/wiki/List_of_countries_by_smartphone_penetration

Why is Osho baba facing west? Oh I see. DangOTE is there.

This watch should be able to predict election results and reverse climate change otherwise it's too expensive.

Go and still some more. Stealing is not = corruption.

When will this nonsense stop?

It will take some people a life time to come to term with the sex on the tape. They will search everywhere for what is glaring...and kids who bought vaseline in advance with their lunch money are the most disappointed.

What a talent.

This is serious. Maybe there is free food?

Impressive! Keep flying high air peace.

Me I am only waiting for church of satan reaction.

Frank Edwards used devil but Daddy Freeze chose satan I think it's deliberate.

Hofbrauhaus:
You don't know me Mr Olu, and I really don't need to prove to you that I've people like you working for me. Sowore has insulted Suleiman countless number of times. So Suleiman coming out to say he is considering bailing this young activist is a welcome development. Even sowore would be excited about this news. But you are just angry for no just cause. Even if Suleiman decides to bail sowore without announcing it on twitter, you would still be angry. It's demonic son. You are definitely not a Christian. You are either a Yoruba Muslim or a witch, and you know am right.

Are you a pastor? If you are a pastor definitely you will have people working under you who you can control and enslaved especially since you are only doing it for money. Meanwhile, there are lots of men of God diligently doing the work of God and God bless them. By their attitude, we know them.
The little I can tell about you is that you are a very tribalistic person which I am not. Look, if you are a pastor as suggested by your "servant of Yaweh" signature, it is a shame because you are abusive and rude. You called me son but you don't sound elderly to me I am most likely going to be much older than you. I bet you were still a kid when I joined Nairaland...again if really you are a pastor or some minister somewhere you are a disgrace because you can't practice what you preach. If by any chance you are older than 40 and you are this abusive, I wonder what your children will learn by watching you.

taiwoawoniyi:
You obviously detest what he stands for.
As for "advertising", I have no comment on that.
But your previous comment was so filled with an aversion to what he represents.
It's not a crime to be wealthy; wealth is not a sin.
Promises of wealth are strewn abundantly across the scriptures, so I don't see any reason why you should castigate him for his wealth - despite the fact that he runs very large charity cases.

Let me stop here, lest we turn a political discussion into a religious one.

PS: I apologise for my earlier rude comment. I deeply do

I will agree that I was too hard on the apostle. I am just tired of people who we look up to using their platforms to only exalt their own agenda. I wish our religious leaders can tell the people the truth. I wish they can own up and tell us when they fall instead of acting like no one can question them.
I don't see wealth as a sin or crime and I love to see men of God becoming rich but i detest seeing them acting like politicians or Yahoo boys. How do pastors become wealthy? Does the money fall from the sky? People give to them. Right? I wasn't t castigating him for his wealth and I know he is a philanthropist/activist himself. He could have gone ahead and request to be the surety for Sowore like Christ came and died for us instead of going online to show off. I am not even in Nigeria but that doesn't imply I won't be bothered about the people suffering whom Sowore is fighting for. I will admit that not me, not Sowore or Apostle are perfect.
Apology is accepted bro. We are all eager to just get our country back on track and sometimes anger might just get the best of us. Peace unto you and have a restful night.

Amumaigwe:
Your name is even Olu; perhaps a Yoruba Muslim. I don't know why you people don't have even a strand of human sympathy. Sowore is your own brother for goodness sake. Where is the much spoken about Yoruba unity? Or is it the fear of offending Buhari that has made all Yoruba leaders tuck their tails between their tiny legs and betrayed their own. If the situation was flipped, would the Northerners abandon their own for the fear of offending any Youruba leader dead or alife?

Sowore is not a coward like the rest of you. He knew the consequences of this battle. To score a cheap point you and all these fake god of men come online to say he doesn't have someone to bail him, he is rotting in jail..why do you think Sowore will take a surety that he will still expose in future to fight for the masses?

Hofbrauhaus:
You are confused. What is your argument about? It's a demon that is typing through you o. I've people like you working for me, but that is by the way..If it was your father that wanted to bail sowore, and I applaud him, would you say I am worshipping your father? What is stopping you from bailing sowore? Poverty abi? Now a pastor is considering it even after all sowore has done to him, yet, you are insulting the man of God? If this is not witchcraft, I wonder what is..

What has Sowore done to him? Exposed him right? My point is he could have gone ahead and do it without the 'I am considering' announcement he made to look for attention. Allen Onyema did not go online to say I am considering airlifting Nigerians in South Africa even though... blah blah. He did what he had to do. I don't see anything Christlike in his twitter post. Period
Look don't bother yourself we are all bound to disagree based on our exposure and experience. Anybody that oppose you guys is a witch. By the way you dont seem like an employer of labour to me and you dont have any evidence.

taiwoawoniyi:
Can't you think before spewing trash?
Your hate is palpable.

I hate no one. All I know is that Suleiman should stop acting like God. If he wants to bail Sowore he should and stop advertising here and there. I believe Christ will not start looking for attention before doing what is considered to be good