GEEBITE:
Any wikipedia based fact is unreliable.

Champneys:


Onikuuure, iwo, Buhari ati Tinubu.

Eyin olofo jatijati!

TheRareGem1:


https://www.thecable.ng/breaking-buhari-seeks-nassemblys-approval-to-borrow-fresh-4bn-e710m/amp

Sacrednes:
watin Brazil get way a whole Nigeria won dey borrow money from them

GladGlad:
On Wednesday, the senate gave a go-ahead to the Federal government to borrow another $1.5 billion and 995 million euros from World Bank, the Export-Import Bank of Brazil, and Deutsche Bank.

The new loans which are about N1 trillion in naira terms will bring Nigeria’s total external public debts to over N13 trillion.

As at December 2020, Nigeria’s external debt was N12.71 trillion, an increase of 40.82 percent from N9.02 trillion in December 2019.

How is the external loan sourced?

Nigeria’s external debt is in four categories: agreements; multilateral, bilateral, commercial and in Promissory notes.

The multilateral category is external debt burden to international financial institutions (IFIs) such as the International Monetary Fund (IMF) and the World Bank.

Read more... https://gladtune.com/2021/04/24/explainer-from-china-to-brazil-all-you-need-to-know-about-nigerias-debts-to-countries/



by Officialhorlah(m): 5:27am On Apr 30......

The total debt stock for nigeria could rise from N33 trillion to N34tr soon as the National Assembly approves another N1.1tr external loan request for the federal government.

The House of Representatives yesterday approved the external loan of $1.5 billion (about N571.5bn) and €995 million (about N528.4bn) for the federal government while the Senate had approved the request last week.

The Debt Management Office (DMO) had in March 2021 placed nigeria’s Public debt at N32.915tr as of December 31, 2020. This included the debt stock of the federal and state governments as well as the Federal Capital Territory (FCT).

“Total Public Debt to Gross Domestic Product as at December 31, 2020 was 21.61 percent, which is within nigeria’s new limit of 40 percent.”

According to the recommendations made in a report submitted to the House by the House Committee on Aids, Loans and Debt Management presented to the House during plenary on Thursday, the loans are to be sourced from the World Bank and Export-Import Bank of brazil which will be used for various purposes as a result of the COVID-19 pandemic effects.

Presenting the report, Ahmed Safana Dayyabu stated that, the loans are to be used in financing priority projects of the federal government.

“The Committee notes that while nigeria’s Total Public Debt Stock is on the increase, it is still relatively low Vis-a-Vis the country’s GDP and the increased borrowing requirements is needed to sustain the economic recovery,” he added.

Commenting, a former President of the Abuja Chamber of Commerce and Industry, Tony Ejinkeonye, called on the federal government to judiciously utilise the fresh external loans approved on Thursday by the House of Representatives.

Ejinkeonye, who is currently the Business Development Director Africa, esilkroad Network, told Daily Trust that already the nation’s debt burden is high.

He called for alternative means of generating revenues instead of the constant borrowing.

“We have to develop our industries. We need to develop critical infrastructure that will bring revenues to the country,” he advised, including expanding tax net.

Crowwejihadist:
As Job cursed the day he was born; I thereby curse the day Lord Lugard joined the northern and southern protectorates.

Job 3 :: NIV. After this, Job opened his mouth and cursed the day of his birth. "May the day of my Nigerian birth perish, and the night it was said, `A boy country was born!' That day--may it turn to darkness; may God above not care about it; may no light shine upon it.

TheRareGem1:


https://www.thecable.ng/breaking-buhari-seeks-nassemblys-approval-to-borrow-fresh-4bn-e710m/amp

deolurexy1:
Wahala

TheRareGem1:


https://www.thecable.ng/breaking-buhari-seeks-nassemblys-approval-to-borrow-fresh-4bn-e710m/amp

Bluntemperor:


Every person in this country will know by now there is serious problems that the rulers are not disclosing! The National Assembly is equally pretending that all is well but yet placing Nigeria future generations on Debt Burden.On what conditions are Senators just approving the Loans that are being borrowed in Foreign Currencies?
The questions before the Assembly men should be:
• What is the Status of Nigeria as far as Revenues and Expenses are concerned?
The Minister of Finance should appear before a live Television and tell Nigerians before the Honorable Assembly the Problems that is making us to borrow every now and then!
•How much do we have as Income ?
• How much have we received since this govt came to power?
•Why are we constantly Borrowing for as little as Meeting Salaries.?
If Nigeria is moving forward,we are all in it!

Fahdiga:
Buhari is hell bent on destroying Nigeria beyond redemption and he is fast actualizing his evil wish. This present rubber stamp national assembly members are an aberration that has written their names in the book of infamy and should serve as a case study for future generations on the real meaning of the word USELESSNESS. All this borrowings without anything to show for it except more funds for Boko Haram and terrorist Fulanis

Basicend:



Make una dey learn Chinese now o.

Ayemileto:

Abacha didn't borrow sha.

Rather he paid back $9Bn of existing loans, while saving additional $9Bn.

Check his achievements online of you doubt.

TheRareGem1:


https://www.thecable.ng/breaking-buhari-seeks-nassemblys-approval-to-borrow-fresh-4bn-e710m/amp

kadiri3:
mumu what of u.s.a with the highest debt in the world

BigDawsNet:
Continue


The oil sector provides for 95% of Nigeria's foreign exchange earnings and 80% of its budgetary revenues.


I believe we can fix or build about 7 refineries

Then we will generate more revenue a d forgot abt all this borrowing