28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments - Politics (2)

28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments (13081 Views)

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Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by StudentsNG: 6:30am On Jan 06, 2023

Next bus stop is the Senate house to sleep, while the next governor of their impoverished states (who they'll be forcing on the populace) continue to dish out hundreds of millions of naira to them as "pension".

I really pity us Nigerians if we miss Peter Obi this time around. Sorry will be everybody's name.

Shame of a nation!

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by Skty: 6:30am On Jan 06, 2023

Banbutton:
One bastard spotted, they never disappoint

Your whole generation

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by 010okoogar: 6:32am On Jan 06, 2023

All hail Buhari master in failure

2 Likes

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by Ayodekfarms(m): 6:34am On Jan 06, 2023

saintaustine:
Kudus to Governor OBASEKI. of Edo State.
We Say Thank you.

Let them know you can do it without Borrowing and enslaving the future of our children

Are you this myopic or deluded? The report clearly shows the debt profile of OUTGOING GOVERNORS. I bet you don't understand the topic, please look for a translator.

1 Like

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by Osariemen12: 6:35am On Jan 06, 2023

And someone will sit down in one mud house in Oshogbo and tell you that Obaseki is not performing. I bet them, the slum called Lagos is not worth the debt it owes right now. Let them keep cheering a criminal as their god.

Indeed, Edo no be Lagos, the largest slum in west Africa.

Before you quote me, know that no one lives in a batcher or sleeps on floating canoe in Benin City or any other part of my State.

Again, Edo no be Lagos.

Kill ya sef

2 Likes

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by Ezeelect1977: 6:41am On Jan 06, 2023

Bergavis:
The some if u will come here and start abusing Obaseki. Edo state is not owning. Obaseki is a goal

Edo state is owning , the report you see is based on the 28 states where Governorship election will hold this year, states like Imo, Anambra , Ekiti are not in the list

1 Like

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by Osariemen12: 6:41am On Jan 06, 2023

saintaustine:
Kudus to Governor OBASEKI. of Edo State.
We Say Thank you.

Let them know you can do it without Borrowing and enslaving the future of our children

And our dear state is growing without debt. Idiots can criticize him for drowning APC but we know we made the right choice at the poll. Same way we've adopted Peter Obi.

Oba Gha To Kpe'e!

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by dozymars(m): 6:43am On Jan 06, 2023

Don't be deceived, most of the funds are in their personal accounts and properties.

While some mugus still want to vote for these corrupt politicians.

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by Banbutton: 6:45am On Jan 06, 2023

Skty:
My whole generation

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by BOLATINUBU01: 6:50am On Jan 06, 2023

HydraFeeds:
In as much as I detest debt ,it’s not really a bad thing if the money borrowed is invested on infrastructure that’s capable of generating returns.

USA is a model country but with a debt of 31 trillion dollars .

China debt is about 24 trillion dollars.

even America has 31 trillion dollars debt

1 Like

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by Mayorchukwu: 6:58am On Jan 06, 2023

Thank God osun state is not on Dept list

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by Lionstep: 6:58am On Jan 06, 2023

Shey Anambra no dey borrow money ni?

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by Smuths: 7:03am On Jan 06, 2023

I didn't hear anything from lagosian, tinubu build Lagos with the highest debt. Is it not a shame that with all the revenues and tax allocated still Lagos is owing a massive debt. It pains me alot to see my fellow youth forgotten what the government did to us Oct 20_20. The time has come to have freedom without protest, riot. Let us have one mind and pick someone who really had us in mind to transform the country for a better tomorrow where we all be happy, and our children even the coming generation.

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by Smuths: 7:07am On Jan 06, 2023

Honestly it baffles me,I'd beginning to think that the government is not our problem.our problem is ourselves majorly the youth they no longer have sense. One simple maths here add 8years to your current age and see for yourself now ask yourself how long will you be living like this

dozymars:
Don't be deceived, most of the funds are in their personal accounts and properties.

While some mugus still want to vote for these corrupt politicians.

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by Shopeakin: 7:08am On Jan 06, 2023

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Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by Menclothing: 7:08am On Jan 06, 2023

Loan money for project that brings money

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by Emperor5(m): 7:08am On Jan 06, 2023

Banbutton:
I see bastards coming here to blame our incoming president ASIWAJU BOLA AHMED TINUBU...
Lagos will always be a class on its own.
The USA of the world.

Upon the highest internal revenue and government allocation.... Lagos still has such highest margin of debt. To type this it's Either you are illiterate or suffer inability of comprehension...
I'm wondering how someone that reason like you stand for his right.
Youths is really the problem of Nigeria

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by Nobody: 7:10am On Jan 06, 2023

Best way for governors to stop collecting debt the same way some people collect baseball cards....is to simply tax everyone in the state that is of taxable age.

Nationwide, our tax to gdp ratio is 8.1% It is even worse than Niger Republic where it is 15% self.

But taxation is an unpopular thing....so governors keep on relying on oil money, which is not enough, and when they cannot meet up, they take loans.

Let's not forget the stealing too that makes things worse.

Either way, raise the tax to gdp ratio, and things will get better.

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by udeh3(m): 7:11am On Jan 06, 2023

Skty:
Even u guys' name is BATSTARDS,,u are mocking urself.. before nko? bAt don carry Lagos money run and u a big time slave still supporting him. Can u see Anambra name on the list?

Don't mind them. Lagos is owing over 1tr debt cumulatively. Lagos has no domestic airport, no standard stadium, no too many good state owned hospitals with that number of population, etc. Thank God for Ambode. He never took any foreign loan, yet, his projects were massive and most were executed, but was kicked out cos he's not servicing some persons. Meaning BAT, Fashola and Sonwolu compounded those debt. With the massive debt, Lagos has the least roads in Nigeria

It's takes an economic genius to run a state without borrowing, not to talk of savings. This is what Obi did. Obaseki is following the trend.

3 Likes

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by Nobody: 7:11am On Jan 06, 2023

Focusmind:
There is nothing wrong with borrowing. When I was in the banking industry, I fought for my bank to approve N3.5m for my cousin in 2009, who was struggling in his business at Tradefair complex. Within a period of one year, he paid off the loans and interest and scaled up his business big time. He is doing extremely well now, with two personal houses at Amuwo Odofin, Lagos. He doesn't joke with me as I was instrumental to his success.

However, in Nigeria, the value for money borrowed is nothing to write home about. The value of physical projects and what the loans were used falls short of the total loans.
Most of all these gigantic loans were used to build public toilets, low quality primary health centers, recurrent expenditure and white elephant projects.

Nice post, but what's your problem with public toilets? We need them well well in this country.

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by Simeonjoe1: 7:17am On Jan 06, 2023

another1:
Nigeria as a country has a long way to go.
What's lagos government doing with all the taxes here and there for God sake.

Taxes that can't pay salary in a standard university in the west..
Do you want mediocre government or big development, then you have to borrow more money

1 Like

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by Streetpriest1: 7:28am On Jan 06, 2023

Honestly, we need PO in a time like this

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by muykem: 7:37am On Jan 06, 2023

Debit itself is not a bad thing for government if it is channel to appropriate quarters such as infrastructures and human development.

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by Nobody: 7:38am On Jan 06, 2023

Wetin Seyi Makinde take loan do for Oyo state? Our own don reach be dis o!

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by Frontend: 7:38am On Jan 06, 2023

Nawao Lagos own is too much, what is Lagos state doing with all this fake internally generated revenue.
I can't find Anambra and Edo in the list

1 Like

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by matm: 7:39am On Jan 06, 2023

Even at the state level the debt profile is reaching d highest heavens! The future is bleak .Vote for PO for d rescue of Nigerian economy from borrowing spree and imminent economic collapse.
From Apc, we have learnt to teach our children "borrowing" even with no means of paying back as a means of survival.

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by another1: 7:44am On Jan 06, 2023

Ayodekfarms:
Are you this myopic or deluded? The report clearly shows the debt profile of OUTGOING GOVERNORS. I bet you don't understand the topic, please look for a translator.

Oga read it again, the report is for entire states in Nigeria both those seeking re-election and out going governors.

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by okorogodwin4(m): 7:47am On Jan 06, 2023

Lagos criminals Will defend there crime

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by JoeNL22(m): 7:48am On Jan 06, 2023

What nonsense is this?
Don't worry Omowale Omoluabi Obi will clear all of them

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by Fmghewzy2: 7:51am On Jan 06, 2023

HydraFeeds:
In as much as I detest debt ,it’s not really a bad thing if the money borrowed is invested on infrastructure that’s capable of generating returns.

USA is a model country but with a debt of 31 trillion dollars .

China debt is about 24 trillion dollars.

Don't mind those ignorant morons , they don't know anything yet they will be the first to start giving their useless opinions

1 Like

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by matm: 7:52am On Jan 06, 2023

HydraFeeds:
In as much as I detest debt ,it’s not really a bad thing if the money borrowed is invested on infrastructure that’s capable of generating returns.

USA is a model country but with a debt of 31 trillion dollars .

China debt is about 24 trillion dollars.

It's a bad thing b/c there is no means of paying back d debt.
Besides, internally with good leadership, we can raise more than enough funds on our own and don't need to borrow.

Re: 28 Governors Pile Up ₦‎5.8 Trillion Debts For Incoming Governments by HydraFeeds(m): 7:58am On Jan 06, 2023

matm:
It's a bad thing b/c there is no means of paying back d debt.
Besides, internally with good leadership, we can raise more than enough funds on our own and don't need to borrow.

if we can raise more than enough funds as a developing country what happened to developed countries like USA and China with the highest debt profiles in the world ?

We need to also ask question what the borrowed funds is used for ,is it for infrastructural development like industrial complexes,businesses,roads etc or payment of salaries which has no direct impact on IGR or being embezzled by government officials.

I know that Buhari tried when it comes to Federal roads .

Also we need to consider that money is used to make money ,money is needed to generate more funds locally .

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