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Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsBudget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service (10049 Views)

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Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by tishbite41(m): 5:23am On Oct 07, 2022
Nigeria is totally gone
I pity the next president
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by hollywater: 5:24am On Oct 07, 2022
Many people will go to jail if Datti becomes vice president next year.
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by blingxx(m): 5:32am On Oct 07, 2022
Joshmoore:
Who dey encourage to lend us this money self, pls stop nahhh, haaaaa! The future of our children is at stake, Peter Obi please do and come, things are getting out of hand sad undecided
It will shock you that PO will become president and shit won't happen undecided the borrowing might even be worse
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Abokilongthing: 5:37am On Oct 07, 2022
Buaeee well done ooo
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Mayflowa(m): 5:40am On Oct 07, 2022
sirfemoz:
Just imagine. Borrowing to pay back another loan. This country is gradually sinking. Instead of cutting down their own expenses in order to save some money, they are looking at the subsidy just to make sure that the citizens suffering never ends.

Election is coming, let us not be blinded by the little 10k we will be given. Or he's from my tribe or same religion. Hardship doesn't discriminate.
Paying loan will be good. In this case, they are borrowing to be able to pay the interest of previously borrowed money, thereby increasing the debt size.
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by InvertedHammer:
Joshmoore:
Who dey encourage to lend us this money self, pls stop nahhh, haaaaa! The future of our children is at stake, Peter Obi please do and come, things are getting out of hand sad undecided
/
grin grin grin

Lending to Nigeria is akin to supplying drugs to an addict. It is a good business for the dealers/creditors.

Imagine creditors earning about $12 billion annually from just debt servicing.

/
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by adioolayi(m): 5:51am On Oct 07, 2022
"Ahmed, while noting that the government had two options, had said the first scenario assumed that subsidy on PMS, which was estimated to be N6.7tn for a full year, would remain in 2023 and be fully provided for.

The second scenario is the reform scenario which assumes that petrol subsidy will remain up to mid 2023, based on the 18-month extension announced early 2021, in which case, only N3.6tn would be provided for.

However, in the report, the committee recommended N1.7tn for petrol subsidy."

Fuel subsidy will be gone for good by first quarter of 2023..... definitely after 2023 general elections...braceup guys!
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by backtovillage: 6:03am On Oct 07, 2022
Finance minister
CBN governor
President
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Pwettylinda(f): 6:04am On Oct 07, 2022
Na waooo undecided
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by ufotty2001: 6:04am On Oct 07, 2022
Nawahoooo.. which kind country be this.. APC is really destroying this country..
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by michlins(m): 6:07am On Oct 07, 2022
Evem:
Please someone should help me, have been pleading for little assistance so I can eat but no help and I have ulcer now am very sick and I can't afford to buy drugs or even to eat. Am still pleading, please no matter how small please help me so I can buy some malarial medicine and if it is to eat please. May God replenish you in Jesus name Amen
Account num:
[color=dark]0[/color][color=dark]67[/color][color=dark]8[/color][color=dark]01[/color]
[color=dark]6[/color][color=dark]04[/color][color=dark]1[/color] GT Bank
Angel Oyom
which work can you do
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by AFONJAPIG(m): 6:07am On Oct 07, 2022
Evem:
Please someone should help me, have been pleading for little assistance so I can eat but no help and I have ulcer now am very sick and I can't afford to buy drugs or even to eat. Am still pleading, please no matter how small please help me so I can buy some malarial medicine and if it is to eat please. May God replenish you in Jesus name Amen
Account num:
[color=dark]0[/color][color=dark]67[/color][color=dark]8[/color][color=dark]01[/color]
[color=dark]6[/color][color=dark]04[/color][color=dark]1[/color] GT Bank
Angel Oyom
vote PO so you will stop begging
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Lovenorth: 6:07am On Oct 07, 2022
The most useful government ever in the history of Nigeria
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Belteshazzar1: 6:10am On Oct 07, 2022
The grammar is too much
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by jonahhh: 6:16am On Oct 07, 2022
[quote author=Joshmoore post=117338641]Who dey encourage to lend us this money self, pls stop nahhh, haaaaa! The future of our children is at stake, Peter Obi please do and come, things are getting out of hand sad undecided[/quote


Why are you people so unaware ? No Nigerian politician is super hero… obi or no obi we are already bleeped in this country, you people actually think Peter obi has your interest at heart? Wow � use anambra as an example. What in the Bleep did this man do for Nigerians in the past that made y’all idolize him. Omo make una wise up abeg and let’s rest with Peter obi already, he doesn’t have a clean record .
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Confirm4real(m): 6:19am On Oct 07, 2022
Whereas some animals still campaigning for APC to continue from where Buhari will stop...

Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Joshmoore(m): 6:21am On Oct 07, 2022
[quote author=jonahhh post=117339560][/quote]So who should we trust ? Because at the end of the day, someone must bail the cat! And hope it is not the Dubai based Unifier or the Agbadorian Chicago kingpin grin
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by RepoMan007: 6:24am On Oct 07, 2022
When oil is almost $100 pb. This admin abused and blamed PDP extensively with oil prices, now this is happening.
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Prinzzy5: 6:27am On Oct 07, 2022
Tinubu visits Buhari every now and then; he is a major stakeholder in the APc government. This man wants to come and bring Nigeria out of the Buhari's mess but he cannot advise Buhari on what to do to at least salvage the situation before the next President comes in.
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by jonahhh: 6:27am On Oct 07, 2022
Joshmoore:
So who should we trust ? Because at the end of the day, someone must bail the cat! And hope it is not the Dubai based Unifier or the Agbadorian Chicago kingpin grin
I don’t know why you people talk like this. It is lame and it not funny nor creative at all… who doesn’t plant corn or eat corn and cassava if you think that’s N insult to my tribe then your tribe must be shallow in the mind , any small thing agbadorian lol very lame . About who to trust , I believe sowore is the man but you’re all clouded with hatred that you don’t see him at all.
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Risingblue008(m): 6:28am On Oct 07, 2022
Oooo
Whc kind of morning news be this?
Borrow!

God forbid
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by southsouthking(m): 6:28am On Oct 07, 2022
APC has finally sold Nigeria.
The worse government ever in the history of the whole world.
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by RepoMan007: 6:31am On Oct 07, 2022
sirfemoz:
Just imagine. Borrowing to pay back another loan. This country is gradually sinking. Instead of cutting down their own expenses in order to save some money, they are looking at the subsidy just to make sure that the citizens suffering never ends.

Election is coming, let us not be blinded by the little 10k we will be given. Or he's from my tribe or same religion. Hardship doesn't discriminate.
Such a clueless bunch. It is like they take hidden oath to never reduce wastages but prefer debt.
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Kayyus09(m): 6:33am On Oct 07, 2022
What's in it for me?

Anyways, your documents editor is here oo cool

Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by PeterObi4LP: 6:35am On Oct 07, 2022
Things like this is one of the reason why we need Peter Obi. Final looting ongoing. APC never again.

Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by snowball11(m): 6:35am On Oct 07, 2022
The most useless president Nigeria ever had signing out in grand borrowing style! grin

His zombies will be please! grin
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by Scribx: 6:35am On Oct 07, 2022
jonahhh:
I don’t know why you people talk like this. It is lame and it not funny nor creative at all… who doesn’t plant corn or eat corn and cassava if you think that’s N insult to my tribe then your tribe must be shallow in the mind , any small thing agbadorian lol very lame . About who to trust , I believe sowore is the man but you’re all clouded with hatred that you don’t see him at all.
Sorry, let's not get emotional. Sowore is not prepared for governance. Don't mistake his activitism for capacity to lead a diverse and complex society like Nigeria. A consistent presidential candidate without a profile. No ideas, all he does is criticise other aspirants.
Is that the reason we should vote him?
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by RepoMan007: 6:36am On Oct 07, 2022
Risingblue008:
Oooo
Whc kind of morning news be this?
Borrow!

God forbid
This is a good time to release such news so his 4 + 4 army of illiterates can vent their anger in those same mosques and jumat they were instructed to prefer a Muslim in 2014.
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by danhans(m): 6:41am On Oct 07, 2022
Nonsense people
Re: Budget: Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service by cliqtips: 6:41am On Oct 07, 2022
I'll keep saying it...

Until we sign execution order into our law just like China, this country can't move forward.

They don't care about the country but their pockets.

Imagine, they're borrowing to pay their salaries.
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