₦airaland Forum

Oshin56:
many people have started to invest in agriculture, but where are the mechanise tools that they will use?

Story! Many people, indeed. Are you one of them?

Not just the debt profile sir
Also people like you with means and influence, hijacking the Judiciary to intimidate and maneuvre the justice system to your advantage.
Foreigner investor will look at how people like you can hijack the judicial system and prevent justice incase they have some legal dispute to settle

Baba Agba, who asked you to say that?
Why are you demarketing Nigeria? Don't you know that is Peter Obi's job?
Moreover don't you know that debts are good for the Nigerian economy?
Are we the only one owing, don't you know that the Almighty USA is owing trillions of dollars yet they don't demarket their country. You have joined the enemies of Nigeria, abi?

My people will hear this.....
I'll single handedly report you to APC, Oga Bayo and the entire data crew.

The problem is

1. The government is borrowing to keep up appearances

2. Tax to gdp is freaking too low for a country our size

3. Oil forms 80% of government revenue

4. We need to fix power but when most comsumers are on subsidized prices, 60% of metered users bypass the meters, and many band a people are porting to solar because power expensive, you expect any investor to come in and see roi?

5. You fund the police a scanty trillion naira and expect miracles against insecurity?

6 you don't cut government spending, corruption and so on, and expect miracles in the economy?

Ok o

They want to pay back with personal income tax come 2026.

Afe Babalola may be right by pointing out the debt profile of the country.

Several others had and are sharing similar views.

However, as a statesman, you don't deliberately set out as an antagonist who's bent on demarketing the country.

Criticisms must be constructive with the intent at righting the wrongs and not as a bitter foe who would be happy to bring down the roof.

This is a man who can't stand being criticized himself (Dele Farotimi's detention saga comes to mind), is here gleefully criticizing the President to score cheap political goals or simply to play to the gallery.

Given the fact that the country was in dire straits when Tinubu took over the reins of government, his efforts so far deserve some commendations while joining him in setting the ship of state sailing on the right course once again.

Being just an armchair critic is meaningless to any society.


All hands must be on deck to move Nigeria forward!





@hotseat

Nigeria is owing just $99 billion and this one is talking plenty, is the debt not being serviced. Was it not more than that . Go and see USA with debts of $27.5 trillion and is still the world's strongest country. The only challenge with Nigeria's debt is that the politicians borrow to invest but end up stealing it back .

ogododo:
https://www.vanguardngr.com/2025/10/nigerias-rising-debt-profile-scaring-away-foreign-investors-afe-babalola-2/

Tochitee:
This is the kind of news our loser love celebrating! You will see them crawling out of their holes now. They only want to hear negatives things about the country because their life’s has been retrogressing, even the ones that can’t leave his parent house at age 40, still blames tinubu every opportunity he get.shior.

You know them very well.

Afe's first degree is in Economics from the University of London

Alliswell248:
Baba, you are a legal luminary and not an economist.
The debt profile is still under 100 billion usd.

US is owing in trillions, equally china.
UK, Germany and many others are owing thousands of usd in billions.

Debt is needed to speed up infrastructure development.

We need money for railway, electricity, and many things

He is an exposed and an educated man.
That is why he can say the truth.
He is not infected with the aggressive virus of feudalism.

AMINDA:
Where are Agbadorians? Come and tell us things we never knew about Afe Babalola.

This is kind of news that excite the lying god with 1 wristwatch and his mob. If tomorrow, the same Baba Babalola has reasons to praise Government, the mob will be all over the places insulting him and the tribe he comes from.

FarahAideed:
Not just the debt profile , the devaluation of the Naira means no investor can recover back his dollar investment in good time except it's in the upstream oil sector , to get one dollar back he will need to earn 1500 Naira ..thats 1500 times one naira before he can recoup one dollar

Devaluation does not mean what you say it means
The logic and reasoning is just wrong
It is based on baseless assertions

The upstream sector is not the only possibility in Nigeria
There are thousands of Chinese and *Indians in Nigeria they are not in oil
Medium businesses are present in many non oil sectors
So stop making sweeping generalisation and assertions

DSTV,MTN, , Stanbic, Olam ,Guinness, Nigerian Breweries, Nestle,British Airways, Julius Berger,Lafarge, Opay,are all making money in Nigeria

Go to the Free Trade zone, Go to Ogun state

Alliswell248:
Baba, you are a legal luminary and not an economist.
The debt profile is still under 100 billion usd.

US is owing in trillions, equally china.
UK, Germany and many others are owing thousands of usd in billions.

Debt is needed to speed up infrastructure development.

We need money for railway, electricity, and many things

How you come online to defend your oppressors is pitiable

at the end of the day, you can only deceive yourself

How can Tinubu borrow more than administrations that paid subsidies..

keep yapping
electricity indeed

aribisala0:
Why?
Is he Jesus?
Even if he did not fabricate he could be wrong

Rather than engage in ad verecundiam

I want to know the source of information that is more logical more sensible

What will you do if you know the source?

Kukutente23:
What will you do if you know the source?

What will you do if. I tell you what I will do if I know the source

Alliswell248:
Baba, you are a legal luminary and not an economist.
The debt profile is still under 100 billion usd.

US is owing in trillions, equally china.
UK, Germany and many others are owing thousands of usd in billions.

Debt is needed to speed up infrastructure development.

We need money for railway, electricity, and many things

Stop comparing developed nations to Nigeria in terms of debt acquisition. Is it the way we pay heavy salaries and buy SUVs worth several millions of naira to our politicians here thesame way other developed countries pay their public servants. The level of curruption that takes place here, is it thesame level of curruption that takes place in the developed nations.

Alliswell248:
Baba, you are a legal luminary and not an economist.
The debt profile is still under 100 billion usd.

US is owing in trillions, equally china.
UK, Germany and many others are owing thousands of usd in billions.

Debt is needed to speed up infrastructure development.

We need money for railway, electricity, and many things

Lol, the money will be stolen

aribisala0:
Devaluation does not mean what you say it means
The logic and reasoning is just wrong
It is based on baseless assertions

The upstream sector is not the only possibility in Nigeria
There are thousands of Chinese and *Indians in Nigeria they are not in oil
Medium businesses are present in many non oil sectors
So stop making sweeping generalisation and assertions

DSTV,MTN, , Stanbic, Olam ,Guinness, Nigerian Breweries, Nestle,British Airways, Julius Berger,Lafarge, Opay,are all making money in Nigeria

Go to the Free Trade zone, Go to Ogun state

The Chinese and Indians you talk off were already here before Tinubus policies ruined the Naira ..

In 2014 if I invest one million dollars I would only need to sell 1.6 million units of something that cost 100 Naira to make back my 1 million dollars , today that 100 Naira product will cost 1000 Naira and I will need to sell 16million units at 1000 naira to get back 1 million dollar investment , that's 16 times more work ...any business that requires Naira payment wouldn't be able to pay back any FDI except its export based that eventually earns in dollars ...

Alliswell248:
Baba, you are a legal luminary and not an economist.
The debt profile is still under 100 billion usd.

US is owing in trillions, equally china.
UK, Germany and many others are owing thousands of usd in billions.

Debt is needed to speed up infrastructure development.

We need money for railway, electricity, and many things

So you are comparing an unproductive country Nigeria with productive countries like USA, China, Germany Most of the funds being borrowed by Nigeria are stolen and sent abroad to buy properties. Where do you think Wike got the millions of dollars he used to buy properties in Florida?
By the way, are you an economist?

This man doesn’t understand the debt profile. 52% of the debt is domestic. That is Nigerians and local business investing in treasury bills, bonds and other instruments. This signifies confidence in government by citizens.

External debt is 48% or $44b. With a debt to GDP ratio of 39% Nigeria is in a relatively good position compared to other African countries. Plus credit rating agencies like Fitch and co continue to rate Nigeria high. And With an external reserve of $42b investors have no reason to shy away from Nigeria

But they said Tinubu has paid back all the debt from the subsidy savings.

Alliswell248:
Baba, you are a legal luminary and not an economist.
The debt profile is still under 100 billion usd.

US is owing in trillions, equally china.
UK, Germany and many others are owing thousands of usd in billions.

Debt is needed to speed up infrastructure development.

We need money for railway, electricity, and many things

A lot of what he said sounded for dubious. If true, it should have come from bankers or economists.

When forex scarcity became pronounced in Augustc2015, the banks, fx buyers and others did not mask their frustration and it was public news.

I feel he is just bearing his personal thoughts and feelings.

AMINDA:
Where are the Agbadorians? Come and tell us things we never knew about Afe Babalola.

Our foreign reserve of over $43b is the highest in 10 yrs is strong enough to support our import and woo investors. So, I'm sure Baba Afe Babatola is not aware of this.

FarahAideed:
The Chinese and Indians you talk off were already here before Tinubus policies ruined the Naira ..

In 2014 if I invest one million dollars I would only need to sell 1.6 million units of something that cost 100 Naira to make back my 1 million dollars , today that 100 Naira product will cost 1000 Naira and I will need to sell 16million units at 1000 naira to get back 1 million dollar investment , that's 16 times more work ...any business that requires Naira payment wouldn't be able to pay back any FDI except its export based that eventually earns in dollars ...

I did not mention Tinubu
Tinubu never came up
My statement was specific
I don't have a directory of who is here and when they arrived and you do not
I am sure you do not
Your 2014 analysis is ignorant and irrelevant

You are just guessing and do not know what you are talking about
The exchange rate is one factor in a multifactorial equation
If I invest in production for export of processed cashews, fertilizer etc I am likely to thrive

Nigerian non oil exports are at a record level .
FACT CHECK
No doubt the exchange rate makes Nigerian goods very attractive

For the full year of 2024, non‑oil exports were valued at about US$ 5.45 billion (or US$ 5.46 billion) — a year‑on‑year increase of ~20.7 % compared to 2023.
Nairametrics
+2
The Guardian Nigeria
+2

In the first quarter (Q1) of 2025, non‑oil exports reached about US$ 1.791 billion, up ~24.8 % compared to the same period in 2024.
Nairametrics
+1

In the first half (H1) of 2025, non‑oil exports reached around US$ 3.225 billion, up ~19.6 % compared to H1 of 2024.
Nairametrics
Business Post Nigeria

HyAccent11:
But they said Tinubu has paid back all the debt from the subsidy savings.

Yes, Tinubu has cleared the debt we're owing IMF. Others are still there though he's paying back as they fall due.

Kukutente23:
What will you do if you know the source?

have you started foaming at the mouth again?

Alliswell248:
Baba, you are a legal luminary and not an economist.
The debt profile is still under 100 billion usd.

US is owing in trillions, equally china.
UK, Germany and many others are owing thousands of usd in billions.

Debt is needed to speed up infrastructure development.

We need money for railway, electricity, and many things

We are comparing the economy of Nigeria versus the debt profile of Nigeria. We are not comparing the debt profile of Nigeria to the debt profile of the advanced countries you just mentioned.

Those nations have something to show for their debts. Nigeria practically has nothing to show for her debts.

Investors would be scared to invest in a country with a rising debt without commensurate bouyant economy.

ogododo:
https://www.vanguardngr.com/2025/10/nigerias-rising-debt-profile-scaring-away-foreign-investors-afe-babalola-2/

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I can't wait to see the 2026 tax reform implementation. For a country where citizens provide their own healthcare, electricity, water and security; I really want to know the morons that will pay the money to government coffers for politicians to use in buying mansions abroad.

If savings from subsidy removal didn't earn any positive results, even 90% tax rate will make no dents. Everyone is already running into APC so that their profligacy will be unchallenged. Sadly it is the hapless citizens that are cheering them on.

Rubbish!

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