₦airaland Forum

Some very ignorant BATists have been peddling the so called decrease in the country's debt service ratio as an achievement of this failed T-pain administration.

In their desperate attempt to find anything to grab on to as achievement of the disastrous administration they failed to realize that the debt service ratio only improved as a result of the crash in value of the Naira which translated to an increase in Naira revenue for the government.

For instance, before the advent of T-pain, Naira was exchanging for N462 to the dollar compared to now that it's exchanging for N1,700 to the dollar. This means that government is earning four times more Naira for any dollar denominated revenue inclusive of revenue from crude oil and Customs duty which constitute a bulk of the Nigerian government revenue.

What we need to realize is that in real terms when discounted to dollars, the Nigerian government revenue hasn't increased but it just appears to have increased because the Naira has been devalued and Nigerians are being made to bear the cost of the devaluation while the government is benefiting from it.

So apologists of this clueless administration claiming that they have been able to reduce the debt service ratio are only telling you half of the story because it was only possible due to the crash of the Naira that is now causing hyperinflation in the country and not through any deliberate effort or sound economic policies of the current administration.

Bfly:
Baba don finally dey chop statistics.

Which of them no dey chop statistics...or no be statistics the 3rd runner chop and vomit for una dey give una wey dey make una get erection🤷

YeyeGbami:
Nigeria will be great again.

How can a country be great ever, with propaganda lies such as this one from the Lagos landlord who built a modern city but somehow forgot to include pipe borne water and sanitation in his master plan?

What do you think that T-Pain and his puppets have done the trillions of the masses' revenue since 1999, if they have failed to provide basic government services, facilities and utilities?

Do you have any clue? Did the jagaBandit loot smart but carefree Lagosians of the 50 times increase in annual budget over the past 25 years

obonujoker:
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#Statisense
(The Economist)

The lack of state-owned pipe-borne water in the homes of Lagos residents has continued to be a source of concern, a non-profit group, Corporate Accountability and Public Advocacy Africa (CAPPA) has said.

At a press event to mark this year’s World Water Day, the group said its monitoring team’s visit to state-owned waterworks showed that most of them are not operational.

The group said the waterworks it visited include the ones at Maryland, Mushin, Ikorodu, Obalende, Agbowa, Onikan, Ikoyi, and Amuwo Odofin.

Only the one in Ikoyi is producing water, according to CAPPA.

https://www.premiumtimesng.com/regional/ssouth-west/450615-world-water-day-lagos-water-crisis-worsening-group-says.html

Fiscus105:
Wen it goes back to the north, they would plunge Nigeria back to 99% again, hence we go back to status quo o.


If Nigeria wants to great, we need good southern president for 16 yrs straight at least.

There are very capable hands in the North as well. Pls, desist from this type of comment. God bless Nigeria forever

Lies

anonimi:
How can a country be great ever, with propaganda lies such as this one from the Lagos landlord who built a modern city but somehow forgot to include pipe borne water and sanitation in his master plan?

What do you think that T-Pain and his puppets have done the trillions of the masses' revenue since 1999, if they have failed to provide basic government services, facilities and utilities?

Do you have any clue? Did the jagaBandit loot smart but carefree Lagosians of the 50 times increase in annual budget over the past 25 years

so sad. we will get it right.

Believeintruth:
Lol. Make una dey deceive unaselves.

Assuming the APC-led FG is not being truthful, did you take the time to verify the previous administration's claim that it was at 97%? It wouldn't make sense to criticize their assertions now if you accepted the negative news of 97% without any verification.

Fiscus105:
Wen it goes back to the north, they would plunge Nigeria back to 99% again, hence we go back to status quo o.

If Nigeria wants to great, we need good southern president for 16 yrs straight at least.

Tribesmen on parole.

Dangote is a southerner, abi?
What of Rabiu, his conglomerate rival?

Why do we need a president from any particular region, since we have senators and representatives to checkmate the excesses of the president

edet19892015:
Unless you understand your role in society, you can never make any meaningful contribution.

According to the Greeks, they are three types of people on Earth,
1. The idiots,
2. The tribesmen, and
3. The citizens.

Studies show only 10% of Africans are citizens.
The remaining 90% are either tribesmen or idiots.

1. When the Greeks used the word "Idiot", they did not use it as a curse word.
Idiots are people who just don’t care.
If they sit for exams, they will cheat.
If they are in government they will steal.

An idiot does not care at all, if he eats bananas he throws the peels anywhere instead of putting them in a trash bin.

IDIOTS won't attend monthly neighborhood meetings. They won't pay security dues. They won't contribute to community development. Even when they see or know about something that will harm others in the community they won't report it. When they see/know/have something that will benefit their community they won't share.

In fact, Idiots don't care to register for or vote in an election, yet they complain the most. If they register to vote, IDIOTS will sell their votes for peanuts.

According to the Greeks, some societies have more idiots than tribesmen and citizens.

2. The next set of people are "Tribesmen", these are people that look at everything from the point of view of their tribe.

These are people that believe in you only if you are part of their tribe.
It can be terrible to have a tribesman as a leader, he will alienate the rest.

When the Greeks talk about tribes, it’s not just about ethnicity, they also consider religion, gang membership, group membership, party membership and even cult membership as a tribe.

A great percentage of Africans are tribesmen, because they view everything from the point of view of their tribes. They trust only their tribesmen

3. The last group are "Citizens".
These are people who like to do things the right way.
They will respect traffic light rules even if no one is watching them.

They drive within speed limits.
They respect the laws, and won’t cheat in exams.
In government, they won’t steal.
They are compassionate and give to others to promote their well-being.

Citizens often promote projects that benefit everyone.
The Greeks called this group "The Citizens".

Some countries have more citizens than tribesmen and idiots, others have so many idiots.

A tribesman can become a citizen through orientation.
And an idiot can become a citizen by training and constant enforcement of the law.

But things fall apart if you elect an idiot or tribesman to lead you if he has not been reformed.

Where do you belong? Are you an idiot, a tribesman or a citizen? Reflect on your life.
Reflect about your immediate community, city, state and nation.

#EdetEdemAkpan #Share

Pbatmedia:
https://von.gov.ng/nigerias-debt-service-ratio-drops-to-65/

Who believe Una, na I’m sabi.

Liars from the pit of hell.

So in other words you are starving the people to pay off debts the political class squandered? I have always known that we will pay through he nose for all those mindless borrowings Buhari embarked upon.

Pbatmedia:
https://von.gov.ng/nigerias-debt-service-ratio-drops-to-65/

Good development. FG should keep working to bring it down further

Emmanuel900:
low debt ratio means federal government we have more money to spend on projects and other expenditures.

Exactly!

Believeintruth:
What are you saying really? Crude oil is it processed or unprocessed? Guy you have no clue what you are saying.

With this your last comment, all I can say is ok.

CalabarPikin:
Another propaganda normally

Emergency lovers of Nigeria are sad....

cucumbar:
Who believe Una, na I’m sabi.

Liars from the pit of hell.

No more subsidy....

This is simple arithmetics

anonimi:
How can a country be great ever, with propaganda lies such as this one from the Lagos landlord who built a modern city but somehow forgot to include pipe borne water and sanitation in his master plan?

What do you think that T-Pain and his puppets have done the trillions of the masses' revenue since 1999, if they have failed to provide basic government services, facilities and utilities?

Do you have any clue? Did the jagaBandit loot smart but carefree Lagosians of the 50 times increase in annual budget over the past 25 years

Nobody takes yeebos seriously.
There is where BAT handle pay attention to you people.

Bitter people....
You can't be anything without the yorubass.

Cry more

Gibberish.

All the taxes, subsidies money...

I Love Bola Ahmed Tinubu

BreconHills:
With this your last comment, all I can say is ok.

Ok

ufotunang:
Lies

But it was true when they said it was 97% right?

Pbatmedia:
https://von.gov.ng/nigerias-debt-service-ratio-drops-to-65/

😂😂😂😂😂😂😂😂😂😂😂😂

Okoroawusa:
■ But it was true when they said it was 97% right?

It was more believable because that ratio endured over many years as the debt ratio. Wanting Nigerians to, out of the blue, now believe that like overnight, the debt ratio without any general improvement of any kind, has dropped from 98% by over 32% is propaganda at best. This same administration has up until now not hinted at a decrease in that number throughout the past 16 months. But suddenly we are now to believe it has fallen like overnight to 60-something percentage just as the President himself announced the country had been on the verge of bankruptcy?

Tonytonex:
All the taxes, subsidies money...

Who is paying taxes wey dem never implement abeg? Dem never even begin to dey pay minimum wage at any level, you don dey suggest say dividends don dey come in. Why?

Alliswell248:
No more subsidy.... This is simple arithmetics

No more subsidy or they can't pay subsidy anymore with NNPCL now in a hole for over $6 Billion?

Alliswell248:
Nobody takes yeebos seriously.
There is where BAT handle pay attention to you people.

Bitter people....
You can't be anything without the yorubass.

Cry more

Is it Igbo people who are suffering because Asiwaju is stealing money from Lagosians since 1999 instead of providing water for houses, free education for all children, free basic healthcare etc

OBI seems good with statistics... Let him verify for us. That's when I will believe it.

Kobojunkie:
Who is paying taxes wey dem never implement abeg? Dem never even begin to dey pay minimum wage at any level, you don dey suggest say dividends don dey come in. Why?

VAT is the tax .

Tonytonex:
VAT is the tax .

That much we all know. The question again is who is paying taxes wey dem never implement abeg? Dem never even begin to dey pay minimum wage at any level, you don dey suggest say dividends don dey come in. Why?

Kobojunkie:
That much we all know. The question again is who is paying taxes wey dem never implement abeg? Dem never even begin to dey pay minimum wage at any level, you don dey suggest say dividends don dey come in. Why?

oga, if you buy things at super market and the rest, you have paid tax. If you pay for electricity, you have paid tax etc. even people drinking beer, soft drinks oh, there's tax inclusive.

Tonytonex:
oga, if you buy things at super market and the rest, you have paid tax. If you pay for electricity, you have paid tax etc. even people drinking beer, soft drinks oh, there's tax inclusive.

Yes, we know that and if i am not mistaken, Nigerians have been paying VAT on goods since before the last 17 months. I am instead referring to the tax policies of this administration. Have they been implemented at this point in time or are you merely jumping the gun in some attempt to score one on taxes for Tinubu?

Kobojunkie:
Yes, we know that and if i am not mistaken, Nigerians have been paying VAT on goods since before the last 17 months. I am instead referring to the tax policies of this administration. Have they been implemented at this point in time or are you merely jumping the gun in some attempt to score one on taxes for Tinubu?

Tinubu is wicked and heartless leader. all the subsidies wey him remove no do am? He still wants to add more and increase more taxes with the current hardship people are facing.

However, I'm in support of the tax reform. Cause, some people want to reap where they didn't sow.