15 Nations Most Indebted To IMF - Politics (3)

15 Nations Most Indebted To IMF - Politics (3) - Nairaland

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Re: 15 Nations Most Indebted To IMF by LegendHero(m): 9:27pm On Apr 03, 2025

mrvitalis:
So borrowing and using it to build road, bridge, rails, and the reat feel good projects is foolishness... Very big foolishness

And that's what APC have been doing since

What do you think we should channel the money we borrow to? I want to test your knowledge.

4 Likes 1 Share

Re: 15 Nations Most Indebted To IMF by kenex4ever(m): 9:28pm On Apr 03, 2025

123yes:
I did not see Nigeria on the list. Thanks to baba Tinubu.

Nigeria is owing over 90billion dollars airhead.
No be only IMF they lend money

1 Like

Re: 15 Nations Most Indebted To IMF by adonainana: 9:28pm On Apr 03, 2025

mrvitalis:
One thing I have always said is if I ever decide to be governor or president Economics would be made compulsory in all schools from SS1 to university 200 level...

Volume of debt or size of debt is not an issue
Ability to repay is the issue

Someone can owe 2 million and be worse than someone who owe 10 billion

In nigeria the issue we talk about is our revenue to debt servicing is too high..

We need to increase revenue, sadly the only way to do that is to borrow more but use it for what would generate revenue or ability to pay back the loan

So borrowing and using it to build road, bridge, rails, and the reat feel good projects is foolishness... Very big foolishness

And that's what APC have been doing since

Technically it’s not foolishness
The answer to this is in your own post , to earn more revenue you need to grow the economy

To grow the economy you need to expand capital expenditure in other words things that facilitate trade

Roads , rails infrastructure is what grows any economy be it agarian in whatever century or decade you go into

It’s technically not foolishness it would have been if they simply used the borrowed money to repay more debt or pay salaries

So economically you are wrong

3 Likes

Re: 15 Nations Most Indebted To IMF by Dittodat: 9:29pm On Apr 03, 2025

Vision101:
How will your economy run efficiently without good infrastructure? Provision of infrastructure and enabling environment is the function of government but building industries and commercial entities is private sector function.

Don't mind the olodo. He posted complete rubbish. He's way more clueless than the people he trying to put down.

3 Likes 1 Share

Re: 15 Nations Most Indebted To IMF by yummy001: 9:30pm On Apr 03, 2025

123yes:
I did not see Nigeria on the list. Thanks to baba Tinubu.

Re: 15 Nations Most Indebted To IMF by able20(m): 9:31pm On Apr 03, 2025

2special:
Most people will be excited while some will be disappointed with this News.

Remember, those who are disappointed are those hardworking Nigerians whose jobs can not put food on their table, due to bad government policies.
Those figures don't improve the lives of young and elderly people in Nigeria

Re: 15 Nations Most Indebted To IMF by Okoroawusa: 9:31pm On Apr 03, 2025

mrvitalis:
One thing I have always said is if I ever decide to be governor or president Economics would be made compulsory in all schools from SS1 to university 200 level...

Volume of debt or size of debt is not an issue
Ability to repay is the issue

Someone can owe 2 million and be worse than someone who owe 10 billion

In nigeria the issue we talk about is our revenue to debt servicing is too high..

We need to increase revenue, sadly the only way to do that is to borrow more but use it for what would generate revenue or ability to pay back the loan

So borrowing and using it to build road, bridge, rails, and the reat feel good projects is foolishness... Very big foolishness

And that's what APC have been doing since

You don begin change mouth

1 Like

Re: 15 Nations Most Indebted To IMF by Pat081: 9:32pm On Apr 03, 2025

In terms of debt to the World Bank's International Development Association (IDA), Nigeria is the leading debtor in Africa and ranks third globally. So tell us where you find your own for us to google it too

Re: 15 Nations Most Indebted To IMF by lildush(m): 9:33pm On Apr 03, 2025

kenex4ever:
It's not only IMF that they borrow from.

We are owing huge

I know.... It's a matter of time..

Re: 15 Nations Most Indebted To IMF by Basic123: 9:33pm On Apr 03, 2025

2special:
Most people will be excited while some will be disappointed with this News.

That is the same Argentina ATIKU and Obidients considered as a HERO then!

The guy is planning to borrow another 20billion dollars now 😆

1 Like

Re: 15 Nations Most Indebted To IMF by Basic123: 9:34pm On Apr 03, 2025

Dreal1247:
APC is a cancer sent to destroy Nigeria, but it will end up destroying itself and the wicked sympathizers. There is no peace for the wicked. And the wicked shall never go unpunished.

Check the topic now.
Are you saying APC should have returned Nigeria to the list

1 Like

Re: 15 Nations Most Indebted To IMF by Ofemannnu: 9:35pm On Apr 03, 2025

ZombieTAMER:
Tinubu will take Nigeria to number one

Just like he has made the list as Chinas most indebted

1 Like

Re: 15 Nations Most Indebted To IMF by Pat081: 9:36pm On Apr 03, 2025

kenex4ever:
Nigeria is owing over 90billion dollars airhead.
No be only IMF they lend money

That op is on drugs

Re: 15 Nations Most Indebted To IMF by AmalaAtiEwedu: 9:39pm On Apr 03, 2025

2special:
Most people will be excited while some will be disappointed with this News.

we know who will be disappointed grin

dem or their kind no go ever chop presidency for Naija grin

Re: 15 Nations Most Indebted To IMF by Guestmale: 9:42pm On Apr 03, 2025

Some people are not happy Nigeria is not in the list and instead of saying it plainly that they are unhappy about it,they started giving unsolicited economic lecture.

Re: 15 Nations Most Indebted To IMF by Ofemannnu: 9:42pm On Apr 03, 2025

If you buy Nigeria's bonds,Nigeria is owing you just like USA is owing China more than $600 billion...

Re: 15 Nations Most Indebted To IMF by masseratti: 9:42pm On Apr 03, 2025

mrvitalis:
One thing I have always said is if I ever decide to be governor or president Economics would be made compulsory in all schools from SS1 to university 200 level...

Volume of debt or size of debt is not an issue
Ability to repay is the issue

Someone can owe 2 million and be worse than someone who owe 10 billion

In nigeria the issue we talk about is our revenue to debt servicing is too high..

We need to increase revenue, sadly the only way to do that is to borrow more but use it for what would generate revenue or ability to pay back the loan

So borrowing and using it to build road, bridge, rails, and the reat feel good projects is foolishness... Very big foolishness

And that's what APC have been doing since

kindly state the kind of things you think government should borrow money to do please.

Re: 15 Nations Most Indebted To IMF by tollyboy5(m): 9:44pm On Apr 03, 2025

mrvitalis:
One thing I have always said is if I ever decide to be governor or president Economics would be made compulsory in all schools from SS1 to university 200 level...

Volume of debt or size of debt is not an issue
Ability to repay is the issue

Someone can owe 2 million and be worse than someone who owe 10 billion

In nigeria the issue we talk about is our revenue to debt servicing is too high..

We need to increase revenue, sadly the only way to do that is to borrow more but use it for what would generate revenue or ability to pay back the loan

So borrowing and using it to build road, bridge, rails, and the reat feel good projects is foolishness... Very big foolishness

And that's what APC have been doing since

Building infrastructure is foolishness 😳😳😳

Re: 15 Nations Most Indebted To IMF by Kestolove(m): 9:47pm On Apr 03, 2025

God bless Buhari and Tinubu shame to Peter obi nd eluupees

1 Like

Re: 15 Nations Most Indebted To IMF by Idris222: 9:48pm On Apr 03, 2025

I am not seeing Nigeria amount the country hold huge amount of money in the world that me Baba Tunubu is working

Re: 15 Nations Most Indebted To IMF by Ibehchizzy: 9:48pm On Apr 03, 2025

Timubu go soon carry us enter the list

Re: 15 Nations Most Indebted To IMF by Blitzking: 9:49pm On Apr 03, 2025

Slytiger:
Source: IMF

How much is nigeria owing imf

Re: 15 Nations Most Indebted To IMF by loffyloffy: 9:53pm On Apr 03, 2025

mrvitalis:
One thing I have always said is if I ever decide to be governor or president Economics would be made compulsory in all schools from SS1 to university 200 level...

Volume of debt or size of debt is not an issue
Ability to repay is the issue

Someone can owe 2 million and be worse than someone who owe 10 billion

In nigeria the issue we talk about is our revenue to debt servicing is too high..

We need to increase revenue, sadly the only way to do that is to borrow more but use it for what would generate revenue or ability to pay back the loan

So borrowing and using it to build road, bridge, rails, and the reat feel good projects is foolishness... Very big foolishness

And that's what APC have been doing since

Nigeria has been very consistent in paying back its obligations as at when due.

This government in particular has cleared backlogs of obligations more than any govt before it, hence our net external reserve have grown by 20bn dollars from 3bn to 23bn since the govt took over.

To you roads don't bring revenue , tell that to the companies along that route, the land that have appreciated in value, the businesses that will come to life.

Beyond that, this govt is the first govt since independence to initiate a comprehensive tax reform if that is not targeted at revenue, please tell me what is.

There is a lot to do no doubt, but in terms of conscious efforts and giving the nation direction, no sincere and objective observer can fault this government.

2 Likes

Re: 15 Nations Most Indebted To IMF by Franking: 9:54pm On Apr 03, 2025

Tinumbu should do everything possible to break into the top ten.

Borrow and loot.

Re: 15 Nations Most Indebted To IMF by NOETHNICITY(m): 10:03pm On Apr 03, 2025

mrvitalis:
One thing I have always said is if I ever decide to be governor or president Economics would be made compulsory in all schools from SS1 to university 200 level...

Volume of debt or size of debt is not an issue
Ability to repay is the issue

Someone can owe 2 million and be worse than someone who owe 10 billion

In nigeria the issue we talk about is our revenue to debt servicing is too high..

We need to increase revenue, sadly the only way to do that is to borrow more but use it for what would generate revenue or ability to pay back the loan

So borrowing and using it to build road, bridge, rails, and the reat feel good projects is foolishness... Very big foolishness

And that's what APC have been doing since

You should be more concerned about nations willingly enslaving themselves by surrendering their economies to globalist imperialism.

All these loans come from money that is simply printed by the U.S. Federal Reserve.

1 Like

Re: 15 Nations Most Indebted To IMF by Kaa4(m): 10:03pm On Apr 03, 2025

mrvitalis:
One thing I have always said is if I ever decide to be governor or president Economics would be made compulsory in all schools from SS1 to university 200 level...

Volume of debt or size of debt is not an issue
Ability to repay is the issue

Someone can owe 2 million and be worse than someone who owe 10 billion

In nigeria the issue we talk about is our revenue to debt servicing is too high..

We need to increase revenue, sadly the only way to do that is to borrow more but use it for what would generate revenue or ability to pay back the loan

So borrowing and using it to build road, bridge, rails, and the reat feel good projects is foolishness... Very big foolishness

And that's what APC have been doing since

More important is what the debt was used for. How much of the debt procured translated into anything meaningful?

That woman Minister was punished because she let out their secret on how we incure debts that go into private pockets in the name name of commission and fees.

God bless her soul and generations after her.

Re: 15 Nations Most Indebted To IMF by frankson1(m): 10:04pm On Apr 03, 2025

mrvitalis:
One thing I have always said is if I ever decide to be governor or president Economics would be made compulsory in all schools from SS1 to university 200 level...

Volume of debt or size of debt is not an issue
Ability to repay is the issue

Someone can owe 2 million and be worse than someone who owe 10 billion

In nigeria the issue we talk about is our revenue to debt servicing is too high..

We need to increase revenue, sadly the only way to do that is to borrow more but use it for what would generate revenue or ability to pay back the loan

So borrowing and using it to build road, bridge, rails, and the reat feel good projects is foolishness... Very big foolishness

And that's what APC have been doing since

What was PDP doing during their time?

Your own foolishness is worse than foolishness.
I believe you receive advise from mad people.

1 Like

Re: 15 Nations Most Indebted To IMF by frankson1(m): 10:08pm On Apr 03, 2025

loffyloffy:
Nigeria has been very consistent in paying back its obligations as at when due.

This government in particular has cleared backlogs of obligations more than any govt before it, hence our net external reserve have grown by 20bn dollars from 3bn to 23bn since the govt took over.

To you roads don't bring revenue , tell that to the companies along that route, the land that have appreciated in value, the businesses that will come to life.

Beyond that, this govt is the first govt since independence to initiate a comprehensive tax reform if that is not targeted at revenue, please tell me what is.

There is a lot to do no doubt, but in terms of conscious efforts and giving the nation direction, no sincere and objective observer can fault this government.

Your response is too advanced for that dude and his colleagues to comprehend. Don't be surprised if he argues with you.

Re: 15 Nations Most Indebted To IMF by mrvitalis(m): 10:15pm On Apr 03, 2025

frankson1:
What was PDP doing during their time?

Your own foolishness is worse than foolishness.
I believe you receive advise from mad people.

PDP focused on human capital investment reason economy grew but infrastructure was bad

Re: 15 Nations Most Indebted To IMF by Alsenora: 10:15pm On Apr 03, 2025

...but roads, rails, etc., are parts of strategic projects that drive economic growth. The govt can't be said to be wrong if borrowed funds are expended as such, exceot otherwise.

mrvitalis:
One thing I have always said is if I ever decide to be governor or president Economics would be made compulsory in all schools from SS1 to university 200 level...

Volume of debt or size of debt is not an issue
Ability to repay is the issue

Someone can owe 2 million and be worse than someone who owe 10 billion

In nigeria the issue we talk about is our revenue to debt servicing is too high..

We need to increase revenue, sadly the only way to do that is to borrow more but use it for what would generate revenue or ability to pay back the loan

So borrowing and using it to build road, bridge, rails, and the reat feel good projects is foolishness... Very big foolishness

And that's what APC have been doing since

Re: 15 Nations Most Indebted To IMF by mrvitalis(m): 10:16pm On Apr 03, 2025

loffyloffy:
Nigeria has been very consistent in paying back its obligations as at when due.

This government in particular has cleared backlogs of obligations more than any govt before it, hence our net external reserve have grown by 20bn dollars from 3bn to 23bn since the govt took over.

To you roads don't bring revenue , tell that to the companies along that route, the land that have appreciated in value, the businesses that will come to life.

Beyond that, this govt is the first govt since independence to initiate a comprehensive tax reform if that is not targeted at revenue, please tell me what is.

There is a lot to do no doubt, but in terms of conscious efforts and giving the nation direction, no sincere and objective observer can fault this government.

So why haven't out revenue grown since APC started building infrastructure

Someone of you can't learn

Re: 15 Nations Most Indebted To IMF by Burob: 10:17pm On Apr 03, 2025

lildush:
🤣🤣🤣🤣🤣🤣 Wat do u expect from an old druggie...

What do u expect from a young lazy lad waiting for an old druggie to come & help him make his life better, since the task was too much for mummy & daddy?

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