₦airaland Forum

ogododo:
Nawa Nlfpmod, dem no dey stop borrowing, when servicing don high like, how we go come pay debt. Dem dey carry us go, where we no know.

poiZon:
But ronus said Tinubu has reduced debt servicing to almost 0...
But what we r seeing in this article is, in every 1naira we earn, 61kobo is used in servicing debt...
And they r still borrowing till tomorrow, so before next year, debt servicing will take atleast 80% of every naira earned.

Lets go there.....

grandstar:
I am a bit confused myself.

However, the slump in oil prices may be the problem.

Lithiumite:
It was over 90% before tinubu.....you need to know how to read and contextualize......this even vindicates tinubu that the country needs to earn more and his tax drive is not entirely out of place......imagine still paying petrol and dollar subsidies with this debt crisis.

grandstar:
The government needs to work harder to bring this down if it is true.

Debt servicing equivalent to 61% if government revenue is simply too high.

That means government still has to work hard to increase revenues.

This Trump induced slump in oil prices is affecting how much revenue the government can collect.

poiZon:
There was no record, viable records to show that we spent 90kobo to service debt from every 1naira we earned.

Do you know what it means to spend 90% of ur earnings in servicing debt?

That means you r left with 10percent to share to the 3 tiers of govts...

Just like they lied that the 15billion dollars rehabilitated refineries were working at 80percent, what can't these people not say to lift their ego...

yemmywesey:
But where are all the earnings from crude oil disappeared to.

Ofunaofu:
How do you overspend by ₦2.74 trillion just on debt service in nine months, yet still earn far less than projected? Tinubu's regime isn't managing an economy, it's digging Nigeria into a deeper debt hole with no plan for recovery.

Obviously,you can't ‘renew hope’ when you're mortgaging the country's future to pay yesterday's bills. This isn't fiscal policy, it's economic catastrophe

sammyj:
I thought Tinubu said they have exceeded their IGR for the year. Why over borrow loan then? This government is a joke

Vision101:
Consult your economics teacher. If you meet your revenue projection does that equate to meeting your obligations.

You projected 100k as revenue and you met the target but your expenditure is 150k. Wouldn't you borrow?

Putinofrussia:
It was worst during late Buhari tenure.
In May 2025, it was over 80% of government revenue that was allocated to servicing debts, leaving minimal funds for essential services like health and education etc.
It was worst in 2024, when debt servicing consumed 147 percent of the N6.08tn retained revenue.

Vision101:
So you mean that the government should default in their debt obligations. You know very well what it means. You know the signal that it will send to the whole world concerning our economy. I thought that the government should be applauded. Projected revenue fell below projection but the managers of the economy managed to meet all obligations.

Ofunaofu:
Meeting obligations at the cost of economic collapse isn't an achievement, it's a warning sign. Nobody is saying defaulting is the solution, but piling on more debt just to service old debt is not fiscal discipline, it’s economic suicide. You don’t clap for a captain who says we avoided sinking while drilling holes in the ship.

If revenue is collapsing and all you’re doing is borrowing more to stay afloat, that's not managing an economy, it's kicking the can down the road and hoping the next generation pays the price.

Nigeria doesn’t need blind loyalty or applause for survival tactics, we need a real recovery plan, fiscal responsibility, and leadership with foresight. Not more propaganda to excuse economic mismanagement.

sammyj:
Why spend more than you have, if I may ask Mr. Economics professor This is an example of pennywise and pounds foolishness and incompetence.

Vision101:
Hahaha..... again consult your economics teacher. Very few budgets all over the world are balanced. If you insist on spending only what you have there will be less capital formation. We are talking about macroeconomics and not personal finance. In budget income and expenditure are projections. I'll stop here.

Ofunaofu:
How do you overspend by ₦2.74 trillion just on debt service in nine months, yet still earn far less than projected? Tinubu's regime isn't managing an economy, it's digging Nigeria into a deeper debt hole with no plan for recovery.

Obviously,you can't ‘renew hope’ when you're mortgaging the country's future to pay yesterday's bills. This isn't fiscal policy, it's economic catastrophe