₦airaland Forum

TheBizGenius:
The real issue with most youths is that they are technicians and employees in real life (not online).

To understand how to run an economy, you must think like an investor first because your timeline must be to do what works long term (10 years) rather than short term. If not...

This is the first time Nigeria is getting an investor as a president. Will he make the right judgement calls? I don't know. But I hope he does.

Honestly. To run a country is not easy as it seems to us outside the government. It need years of experience and years of having insightful vision to actualize good plans. Na why I just dey look youth saying we need youth this and that. Other countries too are being run by old and experience men. That is how politics has been run since after medieval times.

Where is the debt crisis coming from? Nigeria was using 97% of revenue to pay debt, but has continuosly reduced the % of revenue used to service debt from 97% to 67% to 50% of revenue as of last month, while it aims to increase its revenue and achieving it nicely. Why do people create imagination on their head and fly with it ? hate against the government of the day?

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

What are the loans used for?You are here analysing fake statistics while the masses are suffering and dying.just accept Tinubu and APC are massive failures.They will be booted out of Aso Rock soon

FreeStuffsNG:
He is above someone you should address as "Egbon", he is old enough to be your father.

Addressing him less than that is uncultured in Yoruba culture.

People like Bayo Onanuga doesn't deserve any respect.Rufai should have called him by name.

Belurved1:
We are our own problem, not only the government. It’s absurd that someone here is still trying to analyze failure here. Don’t worry; when the time comes, you’ll go down with them unless you reorient yourself.

Bros you need to know that those analyzing failure here are all govt paid agent, not the ordinary citizens on the street facing the heat!

I hope so bro.

HRTOFAKNG:
Bros you need to know that those analyzing failure here are all govt paid agent, not the ordinary citizens on the street facing the heat!

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

This is such an irrelevant statistics
If you were to in anyway involve the population, the best metrics would have been "per capita"

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.

Oh you didn't read the part that said 65 trillion was added under Pres Tinubu

"he is paying back as he is borrowing." Did you read what you wrote? And you call Rufai Oseni whom you cannot stomach for 1 minutes in any debate talkless of stand him a fool? If Oseni is a fool, what does that make you?

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 shirt term borrowing keeps the economy rolling

Why not just accept like Father like son,. ... how do you rationalize ×2 debt despite removing all " subsidies" ...

All past Govt paid subsidies on basics for Nigerans, yet what they borrowed is less compared to what Tinubu that is not subsidizing as borrowed within a year .. how do you realize that

Was it not Tinubu that told Nigerians they've met Revenue target for the budget as at August .... is it not ridiculous that such govt ois still borrowing more

Coastal road is the only Tangible project under Tinubu nd it is funded by loan independently .. with the Tax hike, high revenue more than any govt Why are we still borrowing more, For what exact

if we are sacrificing lets know what we are suffering for ... very uselezz set of people

FreeStuffsNG:
He is above someone you should address as "Egbon", he is old enough to be your father.

Addressing him less than that is uncultured in Yoruba culture.

Of everything Rufai outlined, this is all you're able to pick out?

I'm happy everyone has seen how disastrous the Yoruba government is

So what is bad about Tinubu borrowing money or is he the first president to borrow excess?
Are you the one (Rufai) paying the debt?
I hate irrelevant attention seekers


You're quit an economic illiterate honestly

Baileyz101:
Honestly. To run a country is not easy as it seems to us outside the government. It need years of experience and years of having insightful vision to actualize good plans. Na why I just dey look youth saying we need youth this and that. Other countries too are being run by old and experience men. That is how politics has been run since after medieval times.

Is that why you vote for old, corrupt thieves? Have you checked the prime ministers and presidents in other countries, how many of them are ancient fossils like the ones you lots keep voting for?

VladimirTheGrea:
And you believed that finance Minister that speaks from both sides of his mouth?

The aso rock bandit does not need any rules to get money, he phones the CBN governor to bring it in. Ways and means is still active till tomorrow.

Ways and Means is like smoke. You can not hide it.

The Nairas stability over the last one year is an indication of that.

Ways and means would lead to an increase I money supply which would lead to a depreciation of the Naira.

Let Bayo challenge oseni with facts not insult.

chibecan:
You also don't understand what you are saying. Is Debt to GDp per capita the same thing as Debt per capita? The info you posted here does not have any semblance with the original position I critiqued. . The guy is erroneously making reference to Debt to population and using that to compute debt per capita. What then is the essence of that in economics?

Now you are tying yourself up in a knot.
He wrote 'debt per person', when what he meant was 'debt per capital'. This is my point.

The only crime Igbos committed was warning other Nigerians of the presidency of Tinibu and Late Gen Muhammadu Buhari. Today, what's happening, which way Nigerians? Everybody is involved in this mess. Nigeria is in deep mess. Wait till after 2027 to see shege banza koi.

Ofunaofu:
As it slipped into a coma, they told us that it was actually discovering its true value.

No currency value constant. All economic policies have effect on its value

YouAreNobody:
Is that why you vote for old, corrupt thieves? Have you checked the prime ministers and presidents in other countries, how many of them are ancient fossils like the ones you lots keep voting for?

Wehrey I be like person wey get voters card. Abeg carry your frustrations ahead biko

PHIPEX:
This is the height of economic illiteracy. This is similar to saying a poor man can borrow as much as a rich man because he has plenty children

Na u no understand brosdo u known that USA owes 38trilliondollars Japan even owe 10 trillion dollars

Like this now can u see say u sef na still illiterate
;X

grandstar:
Ways and Means is like smoke. You can not hide it.

The Nairas stability over the last one year is an indication of that.

Ways and means would lead to an increase I money supply which would lead to a depreciation of the Naira.

Where did you study your wn economics?? Or is that monetary policy framework?

This is sad and dumb If you actually wrote that. Ways and means would appreciate a currency if the president doesn't want to spend too much on naked girls in sandy beaches with tax payers free money he gets?

Just wow!

VladimirTheGrea:
Where did you study your wn economics?? Or is that monetary policy framework?

This is sad and dumb If you actually wrote that. Ways and means would appreciate a currency if the president doesn't want to spend too much on naked girls in sandy beaches with tax payers free money he gets?

Just wow!

I never said ways and means appreciates a currency. It does the opposite.

43Ronin:
The worst part is that bayo onoponuga is an 80 year old man who's supposed to have wisdom, but alas, its lacking in epic proportions, & is a Twitter troll at his old age

One fact we seem to forget is that fools and unwise people do grow old. The mistake we make in this part of the world is thinking that old people are wise.

Humblesam:
Oga this your comparison seems smart at first glance, but it’s actually quite misleading. Looking at a country’s debt by measuring it as “debt per person” doesn’t really reflect how well that country is doing financially.

Consider this , Qatar and Saudi Arabia can handle a lot of debt per person because they have enormous oil wealth, small populations, and large foreign reserves. In contrast, Nigeria has a low GDP per person and struggles to generate revenue. So, even if our debt per person seems low, paying it back is much tougher for us than for those wealthier nations.

Let’s remember that Nigeria spends over 80% of its revenue just to service debt — not even paying it down, just covering interest and obligations. That’s not a sign of a country that’s “doing well.” That’s a warning sign.

The real problem isn’t that we owe too much money, it’s that we don’t earn enough. Our revenue is too low, our economy isn’t varied enough, and we rely too heavily on oil. These are serious issues that can’t be fixed just by borrowing more.

And regarding the Lagos example , yes, Tinubu increased Lagos’s revenue, that’s true. But Lagos is unique. It’s the commercial center of the country, with major businesses, ports, and a large taxpayer base. What worked in Lagos doesn’t necessarily apply to states where poverty, insecurity, and informal work are common. You can’t tax people who don’t earn enough to survive.

Borrowing isn’t bad *if* the money is used wisely to create industries, boost productivity, and grow exports. But if we keep borrowing for spending, subsidies, and unnecessary projects, we’re just accumulating debt without any growth.

In summary: the problem isn’t that Nigerians “fear debt” we fear careless borrowing without clear benefits. Comparing Nigeria to Qatar or Egypt without context is like comparing a small roadside shop to a big multinational company. The numbers might look similar, but the situations are completely different.

You make a really good point — it’s not just about the numbers on paper, it’s about the context behind them. Debt per person can be misleading when countries have vastly different revenue bases and economic structures. For Nigeria, the challenge isn’t borrowing per se, it’s creating sustainable sources of income, boosting productivity, and diversifying the economy.

This is where strong organizational structures matter, even at the corporate and state level. Companies and institutions that invest in proper management and HR practices — for example, teams like those at Target HR (https://www.targetdhr.com/hr-services/outsourcing/) — can help ensure that resources are used efficiently, projects are executed effectively, and talent is retained. That kind of operational discipline is what translates borrowed funds into real growth, rather than just accumulating obligations.

Ultimately, careful planning, strong governance, and skilled management are just as critical as the numbers themselves.