₦airaland Forum

Kukutente23:
Balabluarians will not like this news
How do you explain that your masterplan involves humongous debts

Shut up, there's no country that survives without debt.
Go research on the most indebted countries in Africa and in the world and you'll be marveled.

telleyway:
Look at what insensitive governance is costing us. Funny enough, most of these debts were collected in dollars and continue to increase as dollar is going high.
The present governor of Benue has never taken any loan since assuming office but look at where the careless spending of his predecessors put the state.

Shut up, there's no country that survives without debt.
Go research on the most indebted countries in Africa and in the world and you'll be ma

Rubyjade:
It’s easy to look at a list like this and panic: “Wow, the U.S. owes $33 trillion? China $15 trillion?!” But total public debt alone doesn’t tell the full story. Context matters — a lot.

🔹 Debt is not automatically bad. Countries like the U.S. and Japan intentionally take on debt to finance infrastructure, stimulate their economies, and manage growth. What matters more is how the debt is used and whether the economy is growing alongside it.

🔹 Size of the economy matters. The U.S. has a GDP of over $27 trillion — so while the debt figure is huge, it’s not the same as a smaller country owing the same amount. That’s why economists often look at Debt-to-GDP ratio rather than just raw numbers.

🔹 Debt is also a sign of trust. Countries like the U.S., UK, and Japan have the ability to borrow at low interest rates because investors trust them to repay. That’s very different from countries where borrowing comes with high risk and crippling interest.

🔹 Not all debt is created equal. Domestic debt (owed to citizens/institutions within the country) is far less dangerous than external debt. Some countries on that list owe mostly to themselves — others owe to foreign lenders, which is riskier.

So yes — the numbers are big. But what matters more is how well these countries manage, invest, and repay. Debt isn’t a death sentence — it’s a tool. Used wisely, it can be a ladder. Used recklessly, it becomes a trap.

US is different from us by far. Ours is clearly to loot. US though corrupt and inflates costs of arms and more, is far more accountable than Nigeria. Does better projects, is the hottest country to emigrate to in the world. Has solid and meaningful infdastructure unlike us who duplicate infrastracture for thw sake of tolling and looting in future. US has crude and refiners unlike ours that gets denied crude. US is a qorld police but can we even call criminals or terrorists what they actually are?
US has healthcare, research and education and technology. What have we?

Dagrace01:
Shut up, there's no country that survives without debt.
Go research on the most indebted countries in Africa and in the world and you'll be marveled.

There's no country that survives on debt
Go and research on what debt means to a country

maxiuc:
at least their debts is visible interms of development their development reflects why they are in debts compared to Nigeria with high debts yet no impact

so you're saying, there's no development in lagos, Rivers, Ogun and akwa-ibom? I know some states should not be on the list like Delta state and others.......but we can see visible developments in the states I've mentioned

Majority are APC infested states

maxiuc:
So you mean with what Alex otti is he's not even in the list

Thumb 👍👍👍👍 Alex otti

Top 10 is the focus

1st 4 states can clear thier debt with one year igr. So I'm not bothered. But others, I don't know the problem.

happney65:
Apart from maybe Lagos and Rivers. I wonder WTF others are doing there. Especiallly Ogun and Benue. Ogun under Daru Dapo is nonesense

Huge loans with absolutey nothing to show for it

so na Rivers State suppose they borrow money? Clap for yourself!

Kudos to the performing governor of my state, Osun. Osun State is not there.

Godfullsam:
Are you working in the same office with him to be so sure that he hasn't taken any loan?
Or you think they will contact you before taking loans.

I know without doubt.
And don't forget I don't say what I don't know

telleyway:
I know without doubt.
And don't forget I don't say what I don't know

You are already saying what you don't know sir!

Let me tell you something, there is no governor that doesn't take loans but they hardly make it public.

If you want to know that the present Benue state governor hasn't taken loan, just wait for his tenure to finish. The next governor will tell the state the amount of debts his predecessor took while in office.

Judolisco:
Here are the 10 most indebted countries in the world
🔍 Summary Table

Rank Country Approx. Total Public Debt

1 United States ~$33 trillion
2 China ~$15 trillion
3 Japan ~$10 trillion
4 United Kingdom Mid‑trillions
5 France Mid‑trillions
6 Germany Mid‑trillions
7 Brazil Multi‑trillion
8 India Multi‑trillion
9 Mexico Multi‑trillion
10 Egypt Multi‑trillion

APC Bot, we know that you want to justify these debts by posting that useless information there, to let us see that Nigeria is not in the list.

Make shame dey catch una small na.

What did these states used the borrowed fund for? Some are oil producing states with huge monthly allocations.

hatchy:
APC Bot, we know that you want to justify these debts by posting that useless information there, to let us see that Nigeria is not in the list.

Make shame dey catch una small na.

everything for your head na politics.... Shey una no fit sit down learn.... No use dis kind mindset train pikin oh.... Everything apc, pdp LP adc... Kai

happney65:
Apart from maybe Lagos and Rivers. I wonder WTF others are doing there. Especiallly Ogun and Benue. Ogun under Daru Dapo is nonesense

Huge loans with absolutey nothing to show for it

No be lie. Ogun has never been blessed with good leadership. What of the airport of the 1 that spent 8 yrs at Aso Rock. Anyway he has commissioned the Mud runway

Fuckyoumod:
so na Rivers State suppose they borrow money? Clap for yourself!

Rivers state get Money. It is those that have Money have access to more loans. If you now collect the loan and you didnt have anything good to do with it,that is now your own problem

Nothing wrong with loans

telleyway:
Look at what insensitive governance is costing us. Funny enough, most of these debts were collected in dollars and continue to increase as dollar is going high.
The present governor of Benue has never taken any loan since assuming office but look at where the careless spending of his predecessors put the state.

You can say that again.

I came in here hoping to see Kaduna on the list but was disappointed, sincerely Uba Sani is really doing a good job, cause Kaduna was in the top 5 the last time I saw list. Kudos to him...

Dogalmighty17:
What did Benue use the loans for? Nothing is developed in that state

Ask Suswam, followed by Ortom.

AlphaTaikun:
Benue State recently acquired surveillance drones for security purposes and that can be factored in. Besides this is cumulative debt profile of N129.82 billion from past Benue State government loans (plus interests on loans) till the current one.

Was that from a loan?

Judolisco:
Here are the 10 most indebted countries in the world
🔍 Summary Table

Rank Country Approx. Total Public Debt

1 United States ~$33 trillion
2 China ~$15 trillion
3 Japan ~$10 trillion
4 United Kingdom Mid‑trillions
5 France Mid‑trillions
6 Germany Mid‑trillions
7 Brazil Multi‑trillion
8 India Multi‑trillion
9 Mexico Multi‑trillion
10 Egypt Multi‑trillion

Is your country better than them? Or even close to their standards? Infrastructure, wages etc

Angelfrost:
None of these states below Rivers have a damn thing to show for these debts... Not one!!!

Tell me what Delta State is doing that they are accumulating so much debts?!! An oil-producing state for that matter.

Okowa borrowed N100 billion for 2023 presidential election expenses alone...that's half of the entire debt profile

He had to defect to APC or they were gonna prosecute him for that particular heist

99thEnemy:
Was that from a loan?

The report which appeared on multiple online media platforms is right BELOW. NO mention was made of the source of funding, but it would be safe to assume that for a state like Benue, loans could be a major source of funding for the total project.

https://punchng.com/benue-introduces-drone-surveillance-to-monitor-communities-idp-camps/

Rubyjade:
It’s easy to look at a list like this and panic: “Wow, the U.S. owes $33 trillion? China $15 trillion?!” But total public debt alone doesn’t tell the full story. Context matters — a lot.

🔹 Debt is not automatically bad. Countries like the U.S. and Japan intentionally take on debt to finance infrastructure, stimulate their economies, and manage growth. What matters more is how the debt is used and whether the economy is growing alongside it.

🔹 Size of the economy matters. The U.S. has a GDP of over $27 trillion — so while the debt figure is huge, it’s not the same as a smaller country owing the same amount. That’s why economists often look at Debt-to-GDP ratio rather than just raw numbers.

🔹 Debt is also a sign of trust. Countries like the U.S., UK, and Japan have the ability to borrow at low interest rates because investors trust them to repay. That’s very different from countries where borrowing comes with high risk and crippling interest.

🔹 Not all debt is created equal. Domestic debt (owed to citizens/institutions within the country) is far less dangerous than external debt. Some countries on that list owe mostly to themselves — others owe to foreign lenders, which is riskier.

So yes — the numbers are big. But what matters more is how well these countries manage, invest, and repay. Debt isn’t a death sentence — it’s a tool. Used wisely, it can be a ladder. Used recklessly, it becomes a trap.

Largely true.

Sirianese:
Okowa borrowed N100 billion for 2023 presidential election expenses alone...that's half of the entire debt profile

He had to defect to APC or they were gonna prosecute him for that particular heist

Sigh... Delta State is gone!!!

Kukutente23:
Balabluarians will not like this news
How do you explain that your masterplan involves humongous debts

First ask how and when was the debt gotten. Under which presidency? We told you this government is the only one that has ever help states to start paying Thier debts. Previous presidents threw states into heavy future debts with no hope of repayment.

phemray:
First ask how and when was the debt gotten. Under which presidency? We told you this government is the only one that has ever help states to start paying Thier debts. Previous presidents threw states into heavy future debts with no hope of repayment.

Lol. You're blaming FG for Lagos debts now?

AlphaTaikun:
The report which appeared on multiple online media platforms is right BELOW. NO mention was made of the source of funding, but it would be safe to assume that for a state like Benue, loans could be a major source of funding for the total project.

https://punchng.com/benue-introduces-drone-surveillance-to-monitor-communities-idp-camps/

That assumption is incorrect. The current Benue governor has never taken any loan since assuming office.

Acquiring surveillance drones for just 14 IDP camps is a light expense that can easily be handled without loans. The state's security vote alone can cover it.

Taking loans for such would be very funny, especially when far larger projects have been executed without borrowing.

Also, if the state had taken a loan for this purpose, it would have made headlines in every national newspaper because the governor of this State is one of the few with a reputation for never collecting a loan since assuming office.