₦airaland Forum

NIGERIA EXTERNAL DEBT PROFILE

Dec 2005 — $20.48 billion
Jun 2007 — $3.35 billion
Dec 2007 — $3.65 billion

Dec 2010 — $4.58 billion
Dec 2011 — $5.67 billion
Dec 2014 — $9.71 billion

Jun 2015 — $10.32 billion
Dec 2015 — $10.72 billion
Dec 2022 — $41.69 billion
Jun 2023 — $43.16 billion

Dec 2023 — $42.50 billion
Sep 2024 — $43.03 billion

Source: https://x.com/statisense/status/1908161166775308738?s=46

I am not aware this administration has been engaging in foreign debt since it came on board in May 2023.The loans being disbursed are does approved during the administration of PMB.This statistics is not what we should be celebrating.PBAT should please focus his attention on how to bring fx to a minimum of #800.

So Jagaban dey service the previous loan, took his new loans and ensured the loans remain static at a given +- value.

God bless President Tinubu.

Jorussia:
I am not aware this administration has been engaging in foreign debt since it came on board in May 2023.The loans being disbursed are does approved during the administration of PMB.This statistics is not what we should be celebrating.PBAT should please focus his attention on how to bring fx to a minimum of #800.

With a 2025 budget benchmark of $1=N1500, how exactly do you want exchange rate to fall to N800? How will we fund Federal and State budget with such a huge shortfall?

Look at OBJ, after Paris club gave us debt relief, he still ended up collecting another loan, leaving behind behind another $3billon debt .

Jorussia:
I am not aware this administration has been engaging in foreign debt since it came on board in May 2023.The loans being disbursed are does approved during the administration of PMB.This statistics is not what we should be celebrating.PBAT should please focus his attention on how to bring fx to a minimum of #800.

Tinubu will not bring down anything to 800 or 80 naira, market forces will continue to determine the true value.

Agbadorians are laughable.

So, Twitter is now you people's source of information

We have Debt Management Office (DMO) but you chose to rely on some nameless Statisense Twitter account

Those guys in charge between 2022 till date....

I comment my reserve

Jorussia:
I am not aware this administration has been engaging in foreign debt since it came on board in May 2023.The loans being disbursed are does approved during the administration of PMB. This statistics is not what we should be celebrating.PBAT should please focus his attention on how to bring fx to a minimum of #800.

So the loans were approved during PMB admin, so why are you guys blaming Tinubu anytime you hear World bank loan?

Why so much debt with subsidy removed

ClearFlair:
Why so much debt with subsidy removed

You no sabi read? Where do you see debt increase.

What a tragedy!!

As at 2015 when these incompetent baboons were yet to take power, external debt was just $10bn!!

Today, even with unprecedented taxation of Nigerians comparable only with the colonial days that led to revolts in Aba and Abeokuta, external debts have ballooned to $43bn!!

If you add the $3.3bn taken through NNPCL from Afreximbank to be paid back with our oil production, the external debt is actually $46.33bn!!

APC is a disaster that shouldn't befall any country

Tinubu sef

Dec 2015 - Dec 2022

Omo

How about the domestic debt profile, that’s the increasing debt

Imagine OBJ and Iweala didn't move for debt forgiveness? APC would have gotten us to over $100B by now!!!!

Lemme pass.

With all the everyday borrowing of this man, you are giving me this value today

Who help am pay?

Yar'adua still remains the best president Nigeria ever had

APC

Subsidy is gone why are the dept still huge?Thought they said Nigeria was borrowing to pay subsidy? The Dept should go very down why is it still huge? Dubious people in government

We want total debt

LegendHero:
So Jagaban dey service the previous loan, took his new loans and ensured the loans remain static at a given +- value.

God bless President Tinubu.

Even when Agbado himself was queried by the media for excessive borrowings, see his reply:

"Borrowing is not a criminal offence" - Tinubu
.

Yaradua reduced our debt from 20B to 3.5B within a few months in 2007 even when there was drop on oil production due to the Niger-Delta crisis . Umar Musa Yaradua is the best president Nigeria ever had.. if not for death Nigeria might have been among top 10 world economy and the richest in Africa and APC calamity won't happen. GEJ fvckup big time by not building upon Yaradua manifesto.
It took Yaradua a few months to clear the mess of IBB+ Abacha + OBJ. While it's taking APC like forever to at least return the economy to where they met it if they can move us forward

Most of these Thiefņubu's online charlatans don't have small sense

They cannot reason on their own
.

Ways & Means, FX and PMS subsidy killed Nigeria under Buhari.

Unfortunately nothing to show for it......

APC from this data ruined Nigeria.

zero8zero:
Look at OBJ, after Paris club gave us debt relief, he still ended up collecting another loan, leaving behind behind another $3billon debt .



Tinubu will not bring down anything to 800 or 80 naira, market forces will continue to determine the true value.

Stop advertising your ignorance
The $3bn was the balance remaining after OBJ paid off the Paris club debts
You're hypocritically complaining of someone who reduced debt from $20bn to $3bn while blind to those who ballooned debt from $10bn to $46bn and counting!!

Nigerians should curse APC when they wake every morning before they wash their mouths

LegendHero:
So the loans were approved during PMB admin, so why are you guys blaming Tinubu anytime you hear World bank loan?

What's the fund removed from subsidies for?

Lol

C h a i..









Nigeria is yet to recover from Buharization!!

Why is this man borrowing right, left and centre?

zero8zero:
Look at OBJ, after Paris club gave us debt relief, he still ended up collecting another loan, leaving behind behind another $3billon debt .



Tinubu will not bring down anything to 800 or 80 naira, market forces will continue to determine the true value.

Paris club wiped only 18 billion dollars and obasanjo had to pay 18 billion dollars.

That's pay 50% and we forgive u 50%

And after that he left over 70 billion dollars in reserve remember he meet just 3.5 billion dollars as reserve from abacha

We will celebrate obasanjo when he is no more

Foreign debt soared under APC regime

Yoruba and APC economy
Collect huge amount of Loans
Increase Tax and IGR

And waste the money