₦airaland Forum

Don't We Have The Technology To Print Money in Nigeria To Pay Off All These Debts ?

Why Can't Nigeria Print Enough Money To Never Be In Debt Again ?



Is There Something We Are Not Telling Ourselves ?




You Can Make A Strong Sense of Why Nigeria Cannot Print Her Own Money And Why Nigerians Are Always in International Debts Through The Link Below:


https://www.nairaland.com/8240618/uk-did-not-endorse-yoruba








It's TIME To Wise Up!

Is It Not ?


Social Media Power!

Total Freedom From The Manipulation of The Colonial Slave Masters Is What Nigeria Needs To Emancipate Ourselves From Oppressive International Politics.

Tinubu and Buhari need to he stone to death

The APC government has really messed up this country. Completely clueless Leadership

helinues:
Toh

That's all you have to say ??

citizen202:
That's all you have to say ??

Add to it and stop bugging me

Omooba77:
Nigeria’s Vivid Debt History
The Pre-independence Debts

Nigeria’s public debt dates back to its colonial rule. The first recorded public borrowing was in 1923-24 when a loan of £5.7 million was taken by the Nigerian Protectorate at an annual interest rate of 2.5 percent and with a structured repayment time of 20 years. In 1927, another £1 million loan was taken from the Bank of England to finance the construction of the Lago-Port Harcourt Railway. This loan was guaranteed by the British Government and was repaid in 1938. In 1936, the Nigerian Protectorate took another loan of £4.89 million. From 1946 to 1948, it took additional loan of £5.74 million. In 1958, the Nigerian Protectorate took a loan of £28 million from the International Bank for Reconstruction and Development, IBRD, which is also known as the World Bank to finance the expansion of the Kainji Dam and the Ugheli Power Station. This was repaid in 1978.

By the end of the Colonial rule, Nigeria had a national debt of $31 million at an interest rate of 3.5 percent per annum and a repayment period spanning two decades.

https://www.vanguardngr.com/2024/10/nigerias-n121-67-trillion-debt-worrisome/

I am still looking for the route of the aforementioned Lagos-Port harcourt Railway Line. The SCAM did not start today!

Thiefobi1:
Help us thank obi for donating this world class bore hole.

Thief
Face the topic.
Don't derail.
U know the forum rules

We will keep this till 2027. Apc is a disaster especially under tinubu.
Tinubu debt in one year is more than all the debt combine from 1980 till 2015.

Omooba77:
https://www.vanguardngr.com/2024/10/nigerias-n121-67-trillion-debt-worrisome/

Ẹ lọ fọkàn balẹ. Calm down everyone. Bobo Chicago is in charge, using the same magic formula that he used for his master plan of building Lagos alone to accumulate so much unpaid loans despite huge IGR, federal allocation, PPP money etc without employing government workers to make ordinary water supply available for all households.

Anyway he is our Yorubalokan turn so we are cool with this.

Tinubu has ‘magic wand’ to fix Nigeria – Sanwo-Olu

February 19, 2022


“He has given himself to the good people of Lagos, and now he wants to replicate his progressive ideas at the national level. It is time to pay him back with our unwavering support. He is, no doubt, the right and best man for the job. He knows the issues plaguing our nation like the back of his hands and he has the magic wand to fix it.”

https://www.premiumtimesng.com/news/more-news/512366-tinubu-has-magic-wand-to-fix-nigeria-sanwo-olu.html

citizen202:
That's all you have to say ??

and a smart person said he will borrow more to stabilise the naira

Olatunji1929:
Tinubu and Buhari need to he stone to death

When are YOU starting the stoning?

How many people have signed up for the stoning

The Drug baron said he has already cleared the debts.

pandax:
I am still looking for the route of the aforementioned Lagos-Port harcourt Railway Line. The SCAM did not start today!

The scam is your own ignorance, apparently.

Are you related to Amaechi by any chance

VaselineCrew:
Remember when Amaechi said that? He didn’t even realize that GEJ was revitalizing the rail sector.

He had said this when he was appointed minister of transportation :-

“In fact, I think we have a problem; most people don’t believe that the railway transport is functioning in Nigeria. I didn’t even know, until I started this tour, I never knew that the railway was functioning, it was even from his (MD’s) speech that I learnt that there are some coaches or services that go to Kano or Port Harcourt or elsewhere.”

No be nigerians Chop this money.Na tinubu's families and politicians but Na we dey repay the loan.

RevenuesBoost:
Don't We Have The Technology To Print Money in Nigeria To Pay Off All These Debts ?

Why Can't Nigeria Print Enough Money To Never Be In Debt Again ?



Is There Something We Are Not Telling Ourselves ?

That was Buhari approach

a. Under the rule of General Yakubu Gowon from 1966 to 1975, Nigeria’s debt profile rose by $1.687 billion.

Shey all of can see how gowon and babangida and buhari amassed loans abi

It's so more worrisome to the fact that, the debts never added much expected values to the development of the country.

T-Pain needs a new house in Bahamas...


Let loan 3.7 Billion USD to help him get it

Omooba77:
https://www.vanguardngr.com/2024/10/nigerias-n121-67-trillion-debt-worrisome/

He did not mention okonjo Iweala that did the heavy lifting.............tinubu should invite obj and iweala to advise his young turks abeg!

AFEBabalola, the man that helped OBJ do his dirty works

We're not productive and yet we are owing.
And buying a jeep to owe more and more.

Himbe Obiedient!!! Himbe IPOBoo

Debt has not better Nigerian infrastructures or improved living condition of Nigerians,the more debt Nigeria incurs the worse its problems become.Buhari borrowed more than what PDP borrowed in 16years of it's administration put together but instead of Nigerian situations to be better but became worse.Tinubu aka T-Pain has also started borrowing but still most Nigerians complain more than they did under Buhari who went on reckless borrowing spree till his last day in office.

Thiefobi1:
Help us thank obi for donating this world class bore hole.

"......d. President Muhammadu Buhari increased the domestic debt from to N8.4 trillion to N19.24 trillion and external debt from $7.3 billion to $33.62 billion......"


Una darling daddy!!!!

Manna vulture grilled you remember?

helinues:
Toh

".....d. President Muhammadu Buhari increased the domestic debt from to N8.4 trillion to N19.24 trillion and external debt from $7.3 billion to $33.62 billion...."



This was what you supported for 8 years.


"......e. On assumption of office, Asiwaju Bola Tinubu inherited a domestic debt of N19.24 trillion and external debt of $33.62 billion. By the end of the first quarter of 2024, Nigeria has domestic debt of N65.65 trillion and external debt of $42.12 billion, totalling N121.67 trillion. In addition to this, the states owe a total of N4.07 trillion......"




And you support the above now.

This is pure wickedness and hatred for one's country and people.

Shamelessness, hopelessness, senselessness, and brainlessness at their finest.

[quote author=Omooba77 post=132448762]https://www.vanguardngr.com/2024/10/nigerias-n121-67-trillion-debt-worrisome/[/quote


Baba, na you d pay am? If they utilize the borrowed money well, good and fine.. that's my only problem with them

The figures keep skyrocketing.

travelzcruix:
The figures keep skyrocketing.

See the steep slope under APC and their so-called messiahs.

RevenuesBoost:
Don't We Have The Technology To Print Money in Nigeria To Pay Off All These Debts ?

Why Can't Nigeria Print Enough Money To Never Be In Debt Again ?



Is There Something We Are Not Telling Ourselves ?




You Can Make A Strong Sense of Why Nigeria Cannot Print Her Own Money And Why Nigerians Are Always in International Debts Through The Link Below:


https://www.nairaland.com/8240618/uk-did-not-endorse-yoruba








It's TIME To Wise Up!

Is It Not ?


Social Media Power!

Total Freedom From The Manipulation of The Colonial Slave Masters Is What Nigeria Needs To Emancipate Ourselves From Oppressive International Politics.

you can't just print money like that, money nor be paper. For you to print money there must be corresponding value or else na ordinary paper you Print, you will only end up destroying your currency.

[b][/b]collect loans to be paid with unexplored oil.

Nigeria My Country

Until it reach one quadrillion I won't say my mind.
But that first person that commented.
E no go better for him, his family and generations to come.
He go kpai ontop air.
Vulture go scatter his meat.

This curse shall stand for ages.