₦airaland Forum

Obiedun:
The data below exposed the poor mental and financial thinking of the Tinubu critics....

Ghana debt = $50billion
Ghana population = 35million
Ghana debt per person = $1,430

South Africa Debt = 300billion
Population - 55million
Debt per person - $5,454

Qatar debt - $93billion
Population - 3million
Debt per person - $31,000

Libya debt - $60billion
Population - 7million
Debt per person -$8,750

Saudi Arabia - $391billion
Population - 54million
Debt per person - $7,854

Gabon debt - $15 billion
Population - 2.2 million
Debt per person - $6,750

Egypt Debt - $261billion
Population - 118million
Debt per person - $2,300

Angola debt - $64billion
Population - 39 million
Debt per person - $1,680

Nigeria Debt - $100billion
Population - 240million
Debt per person - $414.

Na poor man and poor thinkers dey fear debt....

From the data above ... It's obvious that Nigeria doesn't have debt Crisis... What Nigeria have is revenue crisis....

Compare to it's peers globally.... Nigeria have the lowest debt per Capita on Earth

Tinubu directly and indirectly grew the revenue of Lagos by 28,000% in 26 years....
The first of it's kind in the whole of Africa....

With such a man as Nigeria president....

Tinubu would grow Nigeria revenue to a point where Nigeria can borrow enough to fix it's over $1trillion infrastructural deficits....

Written by Onovughe Igwe

Obiedun:
The data below exposed the poor mental and financial thinking of the Tinubu critics....

Ghana debt = $50billion
Ghana population = 35million
Ghana debt per person = $1,430

South Africa Debt = 300billion
Population - 55million
Debt per person - $5,454

Qatar debt - $93billion
Population - 3million
Debt per person - $31,000

Libya debt - $60billion
Population - 7million
Debt per person -$8,750

Saudi Arabia - $391billion
Population - 54million
Debt per person - $7,854

Gabon debt - $15 billion
Population - 2.2 million
Debt per person - $6,750

Egypt Debt - $261billion
Population - 118million
Debt per person - $2,300

Angola debt - $64billion
Population - 39 million
Debt per person - $1,680

Nigeria Debt - $100billion
Population - 240million
Debt per person - $414.

Na poor man and poor thinkers dey fear debt....

From the data above ... It's obvious that Nigeria doesn't have debt Crisis... What Nigeria have is revenue crisis....

Compare to it's peers globally.... Nigeria have the lowest debt per Capita on Earth

Tinubu directly and indirectly grew the revenue of Lagos by 28,000% in 26 years....
The first of it's kind in the whole of Africa....

With such a man as Nigeria president....

Tinubu would grow Nigeria revenue to a point where Nigeria can borrow enough to fix it's over $1trillion infrastructural deficits....

Written by Onovughe Igwe

Good2go1:
What is the per capital income per person for these countries you mentioned compared to Nigeria?

chibecan:
You are the real economic illiterate. What have you concocted up there?. Debt per person? What do on earth does that measure?

VladimirTheGrea:
As usual, they hate truth.

Nigeria's debt profile is way out of comprehension. The urban bandit have abused the ways and means in two years far worse than what the incognitive bubu did.

It's sad to see young people waste away on social media just defending stack failure.

loffyloffy:
Even without looking deep, you can see how senseless Rufai Oseni is.

If Nigeria's total debt is 152 Trillion, is it reasonable to ask that has it not all been borrowed under Tinubu?

The mumu also knows that fx adjustment means our debt in Naira terms went up, while in Dollar terms it has been stable or even going down.

Lastly the fool knows that govt generaly borrows to meet up with budget and payback as revenue flows in. Tinubu has the biggest budget ever and will continue to borrow to execute. He also have the buggest revenue ever, meaning he is paying back as he is borrowing.

This shirt term borrowing keeps the economy rolling

Vision101:
Adjust the debts by the exchange rate pre 2023 and today and then compare. If we are owing $1b pre 2023 the same $1b today will look like it has bloated when you convert at the present exchange rate.

What I don't like about Oseni is that he practices his journalism with hatred and mischief. He doesn't practice it with open mind.

Sheuns:
The economic literates have put the economy in the worst shape since independence.

Surprisingly, there are no external factors influencing this state. It’s all caused by their own economic “literacy”.

Arrogant set of people who won’t accept that they’ve failed even when they know they’re failures.

Sheuns:
The economic literates have put the economy in the worst shape since independence.

Surprisingly, there are no external factors influencing this state. It’s all caused by their own economic “literacy”.

Arrogant set of people who won’t accept that they’ve failed even when they know they’re failures.

loffyloffy:
Even without looking deep, you can see how senseless Rufai Oseni is.

If Nigeria's total debt is 152 Trillion, is it reasonable to ask that has it not all been borrowed under Tinubu?

The mumu also knows that fx adjustment means our debt in Naira terms went up, while in Dollar terms it has been stable or even going down.

Lastly the fool knows that govt generaly borrows to meet up with budget and payback as revenue flows in. Tinubu has the biggest budget ever and will continue to borrow to execute. He also have the buggest revenue ever, meaning he is paying back as he is borrowing.

This shirt term borrowing keeps the economy rolling

Disenfranchised:
This is the most foolish comparison ever.

DaddyJapan:
He meant debt per capita. And, he is not far wrong.

Image source: https://worldpopulationreview.com/country-rankings/countries-by-national-debt

loffyloffy:
Even without looking deep, you can see how senseless Rufai Oseni is.

If Nigeria's total debt is 152 Trillion, is it reasonable to ask that has it not all been borrowed under Tinubu?

The mumu also knows that fx adjustment means our debt in Naira terms went up, while in Dollar terms it has been stable or even going down.

Lastly the fool knows that govt generaly borrows to meet up with budget and payback as revenue flows in. Tinubu has the biggest budget ever and will continue to borrow to execute. He also have the buggest revenue ever, meaning he is paying back as he is borrowing.

This short term borrowing keeps the economy rolling.

loffyloffy:
Even without looking deep, you can see how senseless Rufai Oseni is.

If Nigeria's total debt is 152 Trillion, is it reasonable to ask that has it not all been borrowed under Tinubu?

The mumu also knows that fx adjustment means our debt in Naira terms went up, while in Dollar terms it has been stable or even going down.

Lastly the fool knows that govt generaly borrows to meet up with budget and payback as revenue flows in. Tinubu has the biggest budget ever and will continue to borrow to execute. He also have the buggest revenue ever, meaning he is paying back as he is borrowing.

This short term borrowing keeps the economy rolling.

loffyloffy:
Even without looking deep, you can see how senseless Rufai Oseni is.

If Nigeria's total debt is 152 Trillion, is it reasonable to ask that has it not all been borrowed under Tinubu?

The mumu also knows that fx adjustment means our debt in Naira terms went up, while in Dollar terms it has been stable or even going down.

Lastly the fool knows that govt generaly borrows to meet up with budget and payback as revenue flows in. Tinubu has the biggest budget ever and will continue to borrow to execute. He also have the buggest revenue ever, meaning he is paying back as he is borrowing.

This short term borrowing keeps the economy rolling.

loffyloffy:
Even without looking deep, you can see how senseless Rufai Oseni is.

If Nigeria's total debt is 152 Trillion, is it reasonable to ask that has it not all been borrowed under Tinubu?

The mumu also knows that fx adjustment means our debt in Naira terms went up, while in Dollar terms it has been stable or even going down.

Lastly the fool knows that govt generaly borrows to meet up with budget and payback as revenue flows in. Tinubu has the biggest budget ever and will continue to borrow to execute. He also have the buggest revenue ever, meaning he is paying back as he is borrowing.

This short term borrowing keeps the economy rolling.

Kemetian:
You think Rufai and Obidients understand this stuff you're saying?

Ol' boy, those are village guys. They have no clue what you're saying.

thisweekng:
The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.

He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.

He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.

“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.

“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”
Private sector to drive the economy

https://nairametrics.com/2023/09/01/the-last-time-nigerias-economy-was-stable-was-about-a-decade-ago-wale-edun/

Obiedun:
The data below exposed the poor mental and financial thinking of the Tinubu critics....

Ghana debt = $50billion
Ghana population = 35million
Ghana debt per person = $1,430

South Africa Debt = 300billion
Population - 55million
Debt per person - $5,454

Qatar debt - $93billion
Population - 3million
Debt per person - $31,000

Libya debt - $60billion
Population - 7million
Debt per person -$8,750

Saudi Arabia - $391billion
Population - 54million
Debt per person - $7,854

Gabon debt - $15 billion
Population - 2.2 million
Debt per person - $6,750

Egypt Debt - $261billion
Population - 118million
Debt per person - $2,300

Angola debt - $64billion
Population - 39 million
Debt per person - $1,680

Nigeria Debt - $100billion
Population - 240million
Debt per person - $414.

Na poor man and poor thinkers dey fear debt....

From the data above ... It's obvious that Nigeria doesn't have debt Crisis... What Nigeria have is revenue crisis....

Compare to it's peers globally.... Nigeria have the lowest debt per Capita on Earth

Tinubu directly and indirectly grew the revenue of Lagos by 28,000% in 26 years....
The first of it's kind in the whole of Africa....

With such a man as Nigeria president....

Tinubu would grow Nigeria revenue to a point where Nigeria can borrow enough to fix it's over $1trillion infrastructural deficits....

Written by Onovughe Igwe

loffyloffy:
Even without looking deep, you can see how senseless Rufai Oseni is.

If Nigeria's total debt is 152 Trillion, is it reasonable to ask that has it not all been borrowed under Tinubu?

The mumu also knows that fx adjustment means our debt in Naira terms went up, while in Dollar terms it has been stable or even going down.

Lastly the fool knows that govt generaly borrows to meet up with budget and payback as revenue flows in. Tinubu has the biggest budget ever and will continue to borrow to execute. He also have the buggest revenue ever, meaning he is paying back as he is borrowing.

This short term borrowing keeps the economy rolling.

grandstar:
The finance minister said they stopped using Ways and means over a year ago. They inherited a huge unpardonable mess.

clarocuzioo:
Tinubu is just an arrogant failure. He surrounded himself with the most of misfits and incompetent hands.

loffyloffy:
Even without looking deep, you can see how senseless Rufai Oseni is.

If Nigeria's total debt is 152 Trillion, is it reasonable to ask that has it not all been borrowed under Tinubu?

The mumu also knows that fx adjustment means our debt in Naira terms went up, while in Dollar terms it has been stable or even going down.

Lastly the fool knows that govt generaly borrows to meet up with budget and payback as revenue flows in. Tinubu has the biggest budget ever and will continue to borrow to execute. He also have the buggest revenue ever, meaning he is paying back as he is borrowing.

This short term borrowing keeps the economy rolling.

anonimi:
The same way that Lagos State borrowing under Tinubu’s master plan, despite increasing tax burden on 20 million Lagosians for budget growth, keeps Lagos rolling in deprivation of basic services and utilities like water.

When last did you read about Stockholm Syndrome


https://www.youtube.com/watch?v=g5v-F81hNTs

ayo2008:
Why justify issues with bias?
Rufai is right
A country that is import dependent and buying Recklessly like this ?

We know the APC data boys

femi4:
Shame on dem accountants n economist that saw naira slipped into coma...they are the illiterates

Obiedun:
The data below exposed the poor mental and financial thinking of the Tinubu critics....

Ghana debt = $50billion
Ghana population = 35million
Ghana debt per person = $1,430

South Africa Debt = 300billion
Population - 55million
Debt per person - $5,454

Qatar debt - $93billion
Population - 3million
Debt per person - $31,000

Libya debt - $60billion
Population - 7million
Debt per person -$8,750

Saudi Arabia - $391billion
Population - 54million
Debt per person - $7,854

Gabon debt - $15 billion
Population - 2.2 million
Debt per person - $6,750

Egypt Debt - $261billion
Population - 118million
Debt per person - $2,300

Angola debt - $64billion
Population - 39 million
Debt per person - $1,680

Nigeria Debt - $100billion
Population - 240million
Debt per person - $414.

Na poor man and poor thinkers dey fear debt....

From the data above ... It's obvious that Nigeria doesn't have debt Crisis... What Nigeria have is revenue crisis....

Compare to it's peers globally.... Nigeria have the lowest debt per Capita on Earth

Tinubu directly and indirectly grew the revenue of Lagos by 28,000% in 26 years....
The first of it's kind in the whole of Africa....

With such a man as Nigeria president....

Tinubu would grow Nigeria revenue to a point where Nigeria can borrow enough to fix it's over $1trillion infrastructural deficits....

Written by Onovughe Igwe

loffyloffy:
Even without looking deep, you can see how senseless Rufai Oseni is.

If Nigeria's total debt is 152 Trillion, is it reasonable to ask that has it not all been borrowed under Tinubu?

The mumu also knows that fx adjustment means our debt in Naira terms went up, while in Dollar terms it has been stable or even going down.

Lastly the fool knows that govt generaly borrows to meet up with budget and payback as revenue flows in. Tinubu has the biggest budget ever and will continue to borrow to execute. He also have the buggest revenue ever, meaning he is paying back as he is borrowing.

This short term borrowing keeps the economy rolling.