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Nairaland Forum / Nairaland / General / Politics / Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% (10400 Views)
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Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by Ademola47(m): 9:46am On May 16, 2022 |
Nigeria spends 86% of revenue on debt servicing, South Africa pays 20% https://punchng.com/nigeria-spends-86-of-revenue-on-debt-servicing-south-africa-pays-20/ 6 Likes 1 Share
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Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by Mynd44: 9:49am On May 16, 2022 |
TundeDes:It is simply because the South African Government earns more in terms of taxes and royalties than the Nigerian government 10 Likes 2 Shares |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by salbis(m): 9:50am On May 16, 2022 |
The chopping wey dey dis country is too much. From top to bottom all dey steal like rats. 19 Likes 2 Shares |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by ObosiLandlord(m): 9:50am On May 16, 2022 |
Even though SA earn more than Nigeria, GMB didn't borrow with sense. I would have been more happy if he borrowed to fix power supply Power supply is still very terrible even though e don almost spend 7 years in power. When you tell some people Nigeria is not a wealthy Nation, dem go dey follow you argue. Buhari North bring so little to the table, yet he don finish us with the way he has been borrowing. 73 Likes 3 Shares |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by salbis(m): 9:51am On May 16, 2022 |
Mynd44:or better still our leaders are higher thieves than their SA counterparts. 40 Likes 2 Shares |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by KillerCrocodile: 9:51am On May 16, 2022 |
And the Money they Borrowed, ends up in the pockets of few people. Now the General Public will bear the Brunt. 10 Likes |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by steveneche(m): 9:51am On May 16, 2022 |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by Nobody: 9:51am On May 16, 2022 |
I'm not surprised, when we have Almajiri in power 2 Likes |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by mike8804: 9:51am On May 16, 2022 |
Mynd44:na English u dey talk, incompetence is incompetence no way around it. 54 Likes 2 Shares |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by Amuluonyenaego: 9:51am On May 16, 2022 |
Ndi oshi 5 Likes 1 Share |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by JosephXavier: 9:51am On May 16, 2022 |
Thanks to Buhari, we will soon be spending 90% on debt servicing while the politicians will embezzle 8% 9 Likes |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by xeratek: 9:52am On May 16, 2022 |
Mynd44:wiredbanker 6 Likes |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by goaldynman(m): 9:52am On May 16, 2022 |
This is why Nigeria urgently needs someone like Peter Obi (at this point in time) to steer the ship of Nigeria back to the right path. If you vote Thief.nubu the undertaker he will just bury the country within 3years! And if you vote Atiku the glutton, he will just sell off the country within 2years!! 31 Likes 2 Shares |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by SegunBABA007(m): 9:53am On May 16, 2022 |
5 Likes |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by Ezedon(m): 9:53am On May 16, 2022 |
Corruption 1 Like |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by LandMann: 9:53am On May 16, 2022 |
Still dey are lining up to support Tinubu so they can loot recklessly while he globetrottes to go attend to his health after winning. Maybe they want Nigeria to use 98% of revenue for debt servicing before Tinubu's 8 years is over 8 Likes 1 Share |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by gracealonev: 9:53am On May 16, 2022 |
That's the answer when you multiply Change by Next Level! 2 Likes |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by pmc01(m): 9:53am On May 16, 2022 |
The abracadabra continues. To be honest, this country is a paradox 2 Likes |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by Whois(m): 9:54am On May 16, 2022 |
Lazy/politicians ass licking youths stand with buhari Cc NLpolicewoman ilovedemmanna 3 Likes
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Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by Winters23: 9:54am On May 16, 2022 |
Ewoooo |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by wiseone28: 9:54am On May 16, 2022 |
The country is on a free ride 1 Like
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Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by AfonjaNaBastard(f): 9:54am On May 16, 2022 |
Failed government. 1 Like |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by DropsMic(m): 9:54am On May 16, 2022 |
Hmm |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by seanWetchen: 9:54am On May 16, 2022 |
Mynd44: So Nigeria Government don't earn more in taxes and royalties? Clowns!!! 16 Likes |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by Bigchristo: 9:56am On May 16, 2022 |
Mynd44:You lied, the Nigeria government borrow money more than the South Africa our debts is bigger than theirs 10 Likes |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by fastseo: 9:56am On May 16, 2022 |
Mynd44:Bad leadership, presidency not fit or sound economically hence the product of their policy making. You can even see the results on our exchange rate... A dollar now 600 naira from 240 when he came on board Buhari should not have come back the second term. 8 Likes 1 Share |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by irunoko(m): 9:57am On May 16, 2022 |
ObosiLandlord:this Naija matter has defied all Logical explanations.i don't even know what to say.e be like village people don take over Nigeria 2 Likes |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by treesun: 9:57am On May 16, 2022 |
Ademola47:Nigeria has more potential than South Africa, but investors are running away due to bad policies with alacrity! 2 Likes |
Re: Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20% by Emmastan291: 9:58am On May 16, 2022 |
Nigeria’s total debt as at December 2021 was $94.166bn The Next President will inherit the total debt. Yet, We rarely see the impact of these loans yet, The FG will tax the common man to repay the debts. 4 Likes |
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