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Nairaland Forum / Nairaland / General / Politics / Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO (9001 Views)
Nigeria’s Debt Jumps By 75% In Three Months, Hits N87 Trillion / FG Implements Cooking Gas Imports Tax, Price Jumps By 100% / Nigeria Owes N25.7 Trillion – DMO (2) (3) (4)
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by Xhuntra: 8:13am On Jun 11, 2021 |
Buhari has finally scattered this country with loans cc: , onionbandit, tinubuadvocate, sirjamo, thebosstrevor1, vedaxcool |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by Nobody: 8:16am On Jun 11, 2021 |
Vulcanheph: Those zombies are evil urchins 1 Like |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by mmadu5(m): 8:21am On Jun 11, 2021 |
those giving them these loans are mad. like do they expect Nigeria to repay them? onyibo mumu sha |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by Cnach: 8:22am On Jun 11, 2021 |
LaSenior:Me self if I don enter nairaland see that news on front page it all about buhari and APC I go know say news no dey bc it either they are announcing backwardness or oppression of the citizens, what's the news there? |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by tnerro1(m): 8:23am On Jun 11, 2021 |
Where is the quota system finance minister, doesn’t she have anything to say? 1 Like |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by KRSWon: 8:26am On Jun 11, 2021 |
mmadu5: Lending countries like China purposely give poor or corrupt countries like Nigeria these loans knowing they won't be able to pay them back because the main goal are these countries' assets. https://en.m.wikipedia.org/wiki/Debt-trap_diplomacy 1 Like 1 Share |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by bencr7: 8:29am On Jun 11, 2021 |
See how PMB cow group avoid this trend,they know very well that their god father don finish this country but dey will never admit it but while na our future children go hear am even d zombies |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by mmadu5(m): 8:31am On Jun 11, 2021 |
KRSWon: then we are in deep mess . i wipe for the next generation . 1 Like |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by LivingTribunal: 8:33am On Jun 11, 2021 |
[s][/s] UstazAhmed:[s][/s] |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by Xclusivedaniel6(m): 8:38am On Jun 11, 2021 |
Stupid and senseless Buhari supporters will avoid this post but if na train and river niger, you'll see them exhibiting stupidity |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by bencr7: 8:38am On Jun 11, 2021 |
Benblaq:u they mind that one check is name na all diz fulani cow yet their regions is d most terrorized regions in Nigeria even with their brother in power d north is d most unsafe place in Nigeria and d funny is that a emir was suspended becuz of supporting banditry in zamfara they still went to d state government house to protest against d decision of d governor |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by Nobody: 10:46am On Jun 11, 2021 |
Gokoyer0: For your information, here is the prices of petrol for West African countries in naira as at 7th June. PER LITER. (SAUCE) Nigeria: 166 naira Togo: 323 naira Sierra Leone: 342 naira. Benin : 384 naira Chad : 396 naira...and chad produces oil. Ghana: 448 naira Ivory Coast: 468 naira MALI: 511 naira. If you click the source, you can find other prices in Naira All those coutnries don't subsidise fuel...that's why they pay higher for fuel. And they are all, excpet prolly Chad, net importers of fuel like Nigeria is . Subsidy is why fuel is as low as N162-66 here. FYI..I am not Yoruba, Hausa, Ibo,nor am I a muslim , son. And I never ever voted for Buhari and his geng in my life...and never will. |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by techWriter1: 10:48am On Jun 11, 2021 |
Las Las this folks will goan borrow from LAPO After dat dem go Auction the region |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by nedekid: 12:03pm On Jun 11, 2021 |
LaSenior:One of my guys that could slap you because of buhari 6 years ago don de hear am. Lost his 2 suvs, lost his job, downgraded children's school etc. Na so I de receive text and calls from fairmoney, lc money, branch etc saying so so person weh de my contact de own them. Fresh guy before now looking destitute. Buhari don reset em brain. |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by nedekid: 12:12pm On Jun 11, 2021 |
K Beancounter93:Bros I think the purchasing power matters. I think the minimum wage in Ghana is higher. Eg, a Ghanaian water tank repairer I engaged months back here in Lagos to fix my tank charged me 4k, the same fellow told me if he were on ghana he would charge equivalent of 30k for the same work and the person will thank him for giving a good price! He said the only difference was that you see such repairs fewer because maintainance culture in Ghana is high so fewer tanks to repair unlike Nigeria. So the fact that fuel is 448 naira the reflective purchasing power might negate any comparisms to Nigeria. 1 Like |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by Nobody: 12:18pm On Jun 11, 2021 |
nedekid: 1.Nigeria's minimum wage compared to Ghana is higher...30000 to Ghana's 25,059 naira (11.82 cedis a day, 355 cedis a month). Ghana GDP per capita is 2202 dollars, Nigeria's 2229 dollars. Our purchsing power parity is even higher than Ghana self.. 2. And even then, using minimum wage is not a good measure...a lot of people in both countries earn far higher than minimum wage! 3.And by the way, Mali, Niger, Chad, and the other countries on my list are poorer than Nigeria...so your argument cannot apply to them. |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by Gokoyer0(m): 3:05pm On Jun 11, 2021 |
Methuselah, go and look for someone else to lecture. Btw, you dare not call me a son in real life no matter how old you are. I left the dead country for una, make una continue supporting your devilish Buhari. Beancounter93: |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by Nobody: 3:06pm On Jun 11, 2021 |
Gokoyer0: Loses argument...thus moves goalpost. |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by Nobody: 3:07pm On Jun 11, 2021 |
Gokoyer0: Loses argument...thus moves goalpost. Plus you started it, you abused me with a bigoted and tribalistic comment. So, stop crying. |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by Gokoyer0(m): 3:10pm On Jun 11, 2021 |
Back to sender, you shall cry, Yoruba muslim. Beancounter93: |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by Nobody: 3:13pm On Jun 11, 2021 |
Gokoyer0: |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by Gokoyer0(m): 3:20pm On Jun 11, 2021 |
. |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by WeRblessed(f): 4:26pm On Jun 11, 2021 |
All these borrowing! Remember when my uncles will call my mom to lend them more money and she would ask them to show her what they did with the ones they earlier borrowed. |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by PetroDolla2020: 2:47pm On Jun 12, 2021 |
Tell me. I’ve been following the debate about fuel price deregulation in Nigeria. In Ghana, fuel prices are not only fully regulated but there are taxes on top, which makes the price prohibitive. From where I sit, I see fuel pricing deregulation in Nigeria is inevitable because the government cannot cope with the current subsidy regime. Increased fuel prices will impact on everyday life in Nigeria, increasing inflationary pressures and impoverishing more Nigerians. My question to you therefore is, can Nigerians cope with fully deregulated fuel prices? What will be the impact? Will it be the straw that finally breaks the camel’s back? Beancounter93: |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by Nobody: 2:51pm On Jun 12, 2021 |
PetroDolla2020: Nigerians might not be able to cope with the resultant price increases which is why the government's past and present keep the subsidy But to be honest we cannot keep it up for long without going into more debt So, even though this sounds evil and uncaring and Lord knows i hate saying it , subsidy has to go. Maybe the resulting investment would generate revenue for the country and more jobs. And things would improve. |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by PetroDolla2020: 3:04pm On Jun 12, 2021 |
I am closely following developments in Nigeria from Accra. I am well informed about Nigeria because I previously lived there for a long time. I have this feeling that Nigeria is like a keg of gunpowder at the moment. And that petrol deregulation could be the light that could explode the gunpowder. Given all the many challenges, with insecurity, inflation, unemployment etc, do you think Nigerians can cope with full downstream deregulation? In Ghana, a liter of petrol is probably around 400 Naira, and it is has created tensions even though people are now used to the impact of high petrol prices. But it’s not funny. Trust me. Beancounter93: |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by Nobody: 3:10pm On Jun 12, 2021 |
PetroDolla2020: Well, we are getting into more debt and losing billions and trillions without deregulation. It is the classic 'Between the devil and the deep blue sea' scenairo. At least for me, deregulation offers the chance of new jobs and new savings.. and more investment, slight though it is. Continued subsidy means more and more debt, and more and more wasteage of money. Like between 2010-16 mwe lost N6 trillion on subsidy, if not more. Money that could have been used for things like education. We spend N1.2 trillion annually on subsidy.Money that could have enrolled millions in our NHIS. At some point, we have to start accepting that hard decisions have to be made. Even if we break up Nigeria...IMF is still going to divide the debt among the new countries....and the show will continue. We did not do price control and subsides in our GSM sector. At the end of the day we got a lot of infrastructure built that supports our IT sector without government spending a penny. Let the subsidy go. It is a risk we need to take to save our future from being more and more indebted. The crisis you fear may never even come. |
Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by Trentee4eva: 12:50am On Jul 11, 2021 |
Beancounter93:I hope you are not trying to defend the worst administration in Nigeria’s history.
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Re: Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO by Nobody: 4:50am On Jul 11, 2021 |
Trentee4eva: No , I am trying to defend fuel subsidy removal Because goverment con trolling prices is not a wise economic decision. I don't back apc and have never voted or will.vote for them. As far as i am.concerned Buhari had no business running for office in the first place. And I don't back pdp either. |
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