Ajoself:

Stop making baseless conclusions. I saw him making speech

content of the speech.

Havertz10:
content of the speech.

Go and ask him for his content in Abuja. Do you expect me to be writing it down?

They should just sack this incompetent Emiefele, damn, i can't believe different people will be teaching him his job.

How can a man be useless like this?

chaloskyx:
JUST SHUT UP FEMI WHEN YOU AND NGOZI TOOK PICTURES WITH BUBU DID YOU TELL HIM THIS TO HIS FACE AM SURE YOU DID NOT SO WE DONT NEED YOUR OPINIONS ONE NIGERIA PEOPLE ARE FINE WITH THE WAY THE COUNTRY IS

Actually, he's not Femi... He is Akinwunmi. Not that one that knows the truth but doesn't say. This one is equipped with the knowledge of how the economy works.
Femi is a mouthpiece of Bubu, this Akinwunmi is a president of a continental financial institution.
The only thing they have in common is that they both bear Adeshina and let's say they are both Nigerians
You get it?

WesternOligarch:
The issue isn't the 79% but proper management of those debts. Management is what we lack.

Part of management is borrowing what you can pay. Imagine using 73% of your monthly salary to pay debt? Yet you keep borrowing for next budget. Those hanging on debt to GDP argument are killing us, very soon the govt will use 100% of it's monthly income to pay gbese. They are laying time bomb for the next govt similar to Osun state.

WesternOligarch:
The issue isn't the 79% but proper management of those debts. Management is what we lack.

oga you no understand the post you dey give opinion, which management ? Your debt service to revenue ratio is at 73% and you are talking about management, management of what ? The sad thing is that the borrowed funds were not deployed mostly into performing assets or sectors so our oil revenue bears most of the burden of repaying that loan and we are already at 73 fvcking percent.

this is the best presidential candidate from the southwest, others are noise makers

ChimaAdeoye:


Where are those people asking for more borrowing arguing that our Debt - GDP ratio was lower than America's and Japan's. While failing to mention that Japan and America were highly productive nations that did not depend on the price of crude oil and their diaspora remittances to get foreign exchange.

Those deceitful people are now silent after they misled this country into another debt trap.

The sad truth is that the debt servicing bill will continue to rise from 73% to surpass 100% of revenue in a very short period. As we continue the mindless borrowing policy based on the dubious GDP - Debt ratio.

How can you call advanced countries highly productive nations which is true on the one hand and then oppose borrowing for infrastructure on the other.

Some Nigerians are not capable of thinking with the full picture in view.

We MUST continue to borrow to complete critical national infrastructure especially railways and dams.

We must tackle debt to revenue problem on the revenue side.


We must pay our taxes. We must pay highway tolls. We must pay for petrol at a price that reflect market rates. We should tax luxury and conspicuous consumption highly.

Finally innovation, invention and hard work

Omooba77:

Majority of them don't know implications of high borrowing. Let used example that will be clear from the Bible, 2 Kings 4:1-3; the son of the prophet was a High debtor.....

Hope the youth can rise to defend their future.....

Same thing Adesina said Obi talked on during his Interview on Arise TV exactly same words

In all honesty we need economically sound people in governance

One of the brains that controlled the economy under Goodluck.

What many do not know is that This Guy is a child of God.. Been monitoring him for 3years now.I Pray he doesn't get soiled.
We have other intelligent economists but they'd rather skew policies to favour those destroying Nigeria.
Like I always say,an educated devil is more dangerous than an illiterate devil.

If you suggest this man as a presidential candidate,APC urchins will start foaming at the mouth

ChimaAdeoye:


Where are those people asking for more borrowing arguing that our Debt - GDP ratio was lower than America's and Japan's. While failing to mention that Japan and America were highly productive nations that did not depend on the price of crude oil and their diaspora remittances to get foreign exchange.

Those deceitful people are now silent after they misled this country into another debt trap.

The sad truth is that the debt servicing bill will continue to rise from 73% to surpass 100% of revenue in a very short period. As we continue the mindless borrowing policy based on the dubious GDP - Debt ratio.

So it is mere $7bn external debt we have as at 2018 that people are shouting debt debt everywhere.

What is $7bn to a $462bn economy? Govt should ignore the market noise and implement it's plans swiftly.

The domestic debt are the treasury bills that the CBN use to control money supply and inflation and domestic bonds for local projects and expenses.

What is the government revenue figure and how much is truly used for debt repayment?

People are just throwing around different percentage, some said it's 90% of revenue a week a go, this one said it's 73% which one is the true figure?

It appears it's around 30%

RiceProducers:



We MUST continue to borrow to complete critical national infrastructure especially railways and dams.

SMH for you guys. Why don't we start buy knowing how much we've borrowed for critical infrastructures so far and what is the actual percentage utilization. And also how much was borrowed for non critical infrastructures and its utilization. We need these data to move forward.

money121:
Ok

the USA does not have a mono economy which is tossed around by the price waves of crude oil in the international market, they own the own and control the international y recognised reserve currency of the world, so their economy is not controlled by the flunctuations of their exchange rate.

omoadeleye:
They should just sack this incompetent Emiefele, damn, i can't believe different people will be teaching him his job.

How can a man be useless like this?

What is Emefiele's business with debt. You guys don't even know the difference between fiscal and monetary sides. Instead of facing your petty trading

stonemasonn:
SMH for you guys. Why don't we start buy knowing how much we've borrowed for critical infrastructures so far and what is the actual percentage utilization. And also how much was borrowed for non critical infrastructures and its utilization. We need these data to move forward.

You criticized at the start without asking for data. Now you are asking me for data?. Nobody should give you data. Lagos Calabar rail and road has multiplier effects and GDP support benefits that should be clear even to a borrow-to-pay-salaries PDP supporter like you. Portharcourt Maiduguri rail also has clear benefits to an ordinary SSS student.

Where your silly countrymen are running to because "there is light" and "good infrastructure" are the most indebted countries in the world by debt to GDP and debt to revenue.
Even China is owing $5Tr to 7Tr.

derecho:
What many do not know is that This Guy is a child of God.. Been monitoring him for 3years now.I Pray he doesn't get soiled.
We have other intelligent economists but they'd rather skew policies to favour those destroying Nigeria.
Like I always say,an educated devil is more dangerous than an illiterate devil.

Adesina is Bill Gates boy. He is a tool of globalists. Stop deceiving yourself and get serious with developing your country.
Pay your taxes and encourage your country men to pay their taxes.
Debt to revenue ration will increase

RiceProducers:

.
Even China is owing $5Tr to 7Tr.

We're not China. If China decides to pay all it's debt within one year, they'll pay it, Chinese debt is to keep the value of its currency low compared to the dollar not because of some elephant infrastructures.

73% of your revenue to service debt!!!! This is disastrous. How is that country surviving?

This is the man I will vote for whenever he vie for presidency.

Please, Nigeria should never allow a repeat of political deceits that propped up Buhari as president in 2015 despite all the knowns. You can see where we are today. No repeat please!!!

Most of these pple know the truth but were just looking for a way to present the extravagant borrowing to Nigerians.

RiceProducers:


What is Emefiele's business with debt. You guys don't even know the difference between fiscal and monetary sides. Instead of facing your petty trading

You go just type anyhow...

You don't even know the person you are talking to.

So i can't troll in peace again?.

Moreover, assuming there's enough money in circulation, will the government be borrowing money and be financing it with recurrent expenditure again?

And why can't the CBN have enough money to borrow the government again?

Or through which bank will the DMO lias for debt with other foreign creditors?

Trying to piece together your post.Can't see the connection.

RiceProducers:


Adesina is Bill Gates boy. He is a tool of globalists. Stop deceiving yourself and get serious with developing your country.
Pay your taxes and encourage your country men to pay their taxes.
Debt to revenue ration will increase

stonemasonn:
We're not China. If China decides to pay all it's debt within one year, they'll pay it, Chinese debt is to keep the value of its currency low compared to the dollar not because of some elephant infrastructures.

What is elephant infrastructure?

RiceProducers:


Adesina is Bill Gates boy. He is a tool of globalists. Stop deceiving yourself and get serious with developing your country.
Pay your taxes and encourage your country men to pay their taxes.
Debt to revenue ration will increase

you are very delusional man. We are very dependent on oil and oil price is very volatile we can't have such debt service to revenue ratio.