₦airaland Forum

Welcome, Guest: Register • Login • With Google • Trending • Recent • New

Stats: 3,345,544 members, 8,518,174 topics. Date: Friday, 13 November 2026 at 04:42 PM

Toggle theme

No Unnecessary Borrowing In This Government - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › No Unnecessary Borrowing In This Government (1361 Views)

1 2 Reply (Go Down)

Re: No Unnecessary Borrowing In This Government by mrvitalis(m): 1:03pm On Jun 30, 2023
helinues:
Still waiting for you to tell us where you got your own 96% which Nigeria is using to service debt.

I wan put you for where you belong today once and for all so that you can find your mates to be Engaging with on this forum.
Are you happy now?

Re: No Unnecessary Borrowing In This Government by helinues(op): 1:05pm On Jun 30, 2023
mrvitalis:
Are you happy now?
Yes because I also have my own statistics which I am basing my argument on.

Let me now ask you? Is it every month FG service debt?

Re: No Unnecessary Borrowing In This Government by lastmessenger: 1:09pm On Jun 30, 2023
helinues:
Yes because I also have my own statistics which I am basing my argument on.

Let me now ask you? Is it every month FG service debt?
Ronu coconut sufferhead pay per click agent. See your suffering life. Your teeth don brown finish

Re: No Unnecessary Borrowing In This Government by mrvitalis(m): 1:10pm On Jun 30, 2023
helinues:
Yes because I also have my own statistics which I am basing my argument on.

Let me now ask you? Is it every month FG service debt?
Did you read at all 96% of 2022 revenue.... Debt servicing is not something u default if u do the consequences are too great even if u are in war you have to pay

Weather it is spread every month, week or day it doesn't matter what mattered is 96% of your revenue in 2022 is what went to debt servicing

Now you are asking me if it's every month doesn't does that even matter?
Re: No Unnecessary Borrowing In This Government by Olaoluwa122: 1:15pm On Jun 30, 2023
helinues:
Yes because I also have my own statistics which I am basing my argument on.

Let me now ask you? Is it every month FG service debt?
baba just rest... The guy don finish you for here....
Re: No Unnecessary Borrowing In This Government by helinues(op): 1:31pm On Jun 30, 2023
mrvitalis:
Did you read at all 96% of 2022 revenue.... Debt servicing is not something u default if u do the consequences are too great even if u are in war you have to pay

Weather it is spread every month, week or day it doesn't matter what mattered is 96% of your revenue in 2022 is what went to debt servicing

Now you are asking me if it's every month doesn't does that even matter?
Debt servicing first followed by payment of Fg workers and then disbursement to state. That's how government spend their earnings.

If debt servicing is not every month but only when due, how did you arrive at government cant pay workers salary without obtaining loans?
Re: No Unnecessary Borrowing In This Government by helinues(op): 1:32pm On Jun 30, 2023
Olaoluwa122:
baba just rest... The guy don finish you for here....
Stop the years of trolling. Do something productive with your time
Re: No Unnecessary Borrowing In This Government by mrvitalis(m): 1:34pm On Jun 30, 2023
helinues:
Debt servicing first followed by payment of Fg workers and then disbursement to state. That's how government spend their earnings.

If debt servicing is not every month but only when due, how did you arrive at government cant pay workers salary without obtaining loans?
Firstly u got that wrong .... Debt servicing, federal workers payment are after allocation is shared

Only thing that was removed before allocation was subsidy

Federal government debt is federal government problem not state or local government

Federal government workers are federal government issue not state or local government

If something cost you 96% of your revenue u have 4% remaining the quest is can 4% of revenue pay federal government wage bill?
grin grin grin
Re: No Unnecessary Borrowing In This Government by helinues(op): 1:48pm On Jun 30, 2023
mrvitalis:
Firstly u got that wrong .... Debt servicing, federal workers payment are after allocation is shared

Only thing that was removed before allocation was subsidy

Federal government debt is federal government problem not state or local government

Federal government workers are federal government issue not state or local government

If something cost you 96% of your revenue u have 4% remaining the quest is can 4% of revenue pay federal government wage bill?
grin grin grin
mrvitalis, you see @ emboldened , I was patiently waiting for you to fall for the bait which you just did

Debt servicing is the first priority of any government, you wouldn't want to default. You want to share your revenue without servicing your debt?? That must be big self kidney

Yes, at least I have tried to tutor you some things you have little knowledge about cos going further could be fatality. Hope you can now stop the unnecessary mentioning as Khaki can never be a leather laye laye

Peace bro
Re: No Unnecessary Borrowing In This Government by mrvitalis(m): 1:51pm On Jun 30, 2023
helinues:
mrvitalis, you see @ emboldened , I was patiently waiting for you to fall for the bait which you just did

Debt servicing is the first priority of any government, you wouldn't want to default. You want to share your revenue without servicing your debt?? That must be big self kidney

Yes, at least I have tried to tutor you some things you have little knowledge about cos going further could be fatality. Hope you can now stop the unnecessary mentioning as Khaki can never be a leather laye laye

Peace bro
Who owes the debt federal government? Abi Nigeria? ... I won't even get angry

The debt is federal government debt

States have their own debt that their money is used to service too reason Osun gets little revenue

You can't deduct federal debt servicing from unshared revenue

How do you even think?
Re: No Unnecessary Borrowing In This Government by Olaoluwa122: 2:12pm On Jun 30, 2023
helinues:
Stop the years of trolling. Do something productive with your time
Eiyah...
1 2 Reply

‘Tinubu’s Borrowing In 24 Months Surpasses 55 Years’ Debt Record’ - Dele Oye • Sagay: I Will Be Very Upset If This Government Increases Price Of Petrol Again • Lawan: It Is Petty To Say Corruption Thrives Under This Government • 2 • 3 • 4

Fuel Subsidy Is Back Secretly • Senior Special Assistant To The President On Community Engagement Lauds Sen Ubah • INEC Killing Our Democracy Compare This Turn-out