The 10 Most Indebted African Nations By Total Debt-to-GDP - Politics (2)

The 10 Most Indebted African Nations By Total Debt-to-GDP - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › The 10 Most Indebted African Nations By Total Debt-to-GDP (16494 Views)

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Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by Sonoyom(m): 10:47pm On Mar 03

Parachoko:
Nigeria was in the top 10 before the arrival of Asiwaju

On Asiwaju Bola Ahmed Tinubu Mandate I Stand Gidgba

This is false, just stop this unwarranted display of madness.

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by IbnB: 11:04pm On Mar 03

ryloy:
The 10 most indebted African nations by total debt-to-GDP

source

This list is a lie

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by Emmy000seun(m): 11:11pm On Mar 03

Really!!! 🤷Do you just type this.. anyways it will be better you start yours and post the pic on your profile so others can follow..😂.dangisola

HacheNoire:
Look how far His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) has taken our Great country.

Sincerely, every Nigeria need to have the tattoo of this man on their chest to show appreciation.

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by Leepeak(m): 11:19pm On Mar 03

After using AI to generate it
If it's true I support those agbadorens now tinubu bad man with good intentions

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by mozes01(m): 11:25pm On Mar 03

njokuuche77:
What does this mean to Nigerians?
Nigeria not being on this list might make some people happy and they know themselves, but it doesn’t automatically mean we are doing great.

Debt to GDP simply compares what a country owes to the size of its economy. Even if we’re not among the top 10, what really matters is: Can we comfortably pay our debts without struggling?

If a country earns little but borrows a lot, repayment becomes stressful even if it’s not on a “most indebted” list.
So instead of celebrating or arguing politics, the real question should be:
Are we growing the economy? Are we earning enough revenue? Is the borrowed money improving people’s lives?

That’s what truly matters.

You guys have been wired not to see anything good abt Nigeria as long as its Asia just that's at helm . But who cares about your wailings, may it continue till 2031

2 Likes

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by PigTormentor: 11:33pm On Mar 03

njokuuche77:
What does this mean to Nigerians?
Nigeria not being on this list might make some people happy and they know themselves, but it doesn’t automatically mean we are doing great.

Debt to GDP simply compares what a country owes to the size of its economy. Even if we’re not among the top 10, what really matters is: Can we comfortably pay our debts without struggling?

If a country earns little but borrows a lot, repayment becomes stressful even if it’s not on a “most indebted” list.
So instead of celebrating or arguing politics, the real question should be:
Are we growing the economy? Are we earning enough revenue? Is the borrowed money improving people’s lives?

That’s what truly matters.

The economy is growing exponentially. You don't need to explain to us what this means, we already know. Debt to GDP ratio is what it is, no matter how you try to spin it, it's still good news.

2 Likes 1 Share

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by November24(f): 11:42pm On Mar 03

Richtaiwo:
God bless Bola Ahmed Tinubu, GCFR.

The prophets of doom have suddenly gone missing. They were fully prepared to see Nigeria towering above every other country combined, ready with megaphones and dramatic headlines.

But now? Absolute silence. Not even a whisper. It appears there’s no opportunity this time to advertise the packaged fraud, so their marketing department has quietly shut down operations.

Daft. Morocco is there,is Nigeria better than Morocco

Dordor

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by WiseBizInvestor(f): 12:09am On Mar 04

🤷🏽‍♀️😂

richiemcgold:

Since we are not indebted so much as many people expected, maybe we should try to borrow more

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by Parachoko: 12:37am On Mar 04

Franking:
But Tinumbu has borrowed more than any other president......is this not the more you look the less you see.

What's the debt to GDP ratio of Nigeria as at now?

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by Conservarmy: 1:23am On Mar 04

Parachoko:
Nigeria was in the top 10 before the arrival of Asiwaju

On Asiwaju Bola Ahmed Tinubu Mandate I Stand Gidgba

Tinubu The Great

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by goslowgoslow(m): 2:29am On Mar 04

njokuuche77:
What does this mean to Nigerians?
Nigeria not being on this list might make some people happy and they know themselves, but it doesn’t automatically mean we are doing great.

Debt to GDP simply compares what a country owes to the size of its economy. Even if we’re not among the top 10, what really matters is: Can we comfortably pay our debts without struggling?

If a country earns little but borrows a lot, repayment becomes stressful even if it’s not on a “most indebted” list.
So instead of celebrating or arguing politics, the real question should be:
Are we growing the economy? Are we earning enough revenue? Is the borrowed money improving people’s lives?

That’s what truly matters.

Double edged sword 🗡️⚔️! If Nigeria was on that list you will start raining curses on Tinubu. Because you were so disappointed that we are not on the list you started a different narrative.

1 Like

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by anonimi: 4:00am On Mar 04

Parachoko:
Nigeria was in the top 10 before the arrival of Asiwaju

On Asiwaju Bola Ahmed Tinubu Mandate I Stand Gidgba

How can this be possible when our GDP has reduced and debt burden increased under the clueless, corrupt and incompetent city boy who thinks balablu propaganda can change perceptions about his failures?

Do you think that is the case? Has balablu propaganda changed your understanding of his spectacular failures huh

https://www.youtube.com/watch?v=E1p2_kaKV6g?si=X1XOBQJQ8on3Kq5I

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by mrvitalis(m): 4:05am On Mar 04

Parachoko:
Nigeria was in the top 10 before the arrival of Asiwaju

On Asiwaju Bola Ahmed Tinubu Mandate I Stand Gidgba

Why do u guys lie like this

1 Like 1 Share

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by anonimi: 4:06am On Mar 04

HacheNoire:
Look how far His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) has taken our Great country.

Sincerely, every Nigeria need to have the tattoo of this man on their chest to show appreciation.

How can you know how far he has taken us without information on where we were before he was given the job of president, and now that he’s been on the job for almost three years?

The table is not a trend analysis of where Nigeria was before Tinubu and now.

If you are not a propagandist liar, you should validate your position with a trend analysis for Nigerian GDP to debt ratio in 2023 vs 2026!

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by NotOgaSeun: 4:12am On Mar 04

njokuuche77:
I see some people are already celebrating , the usual culprits never disappoints. Now let me educate you lots.

Yes, countries like Senegal, South Africa, Egypt, Kenya, Zambia and Rwanda have higher debt compared to the size of their economies than Nigeria that’s why they appear on the list.

But here’s the important part:
Nigeria still spends a huge chunk of its income just to pay back loans, often more than some of those listed countries do. That means less money for roads, hospitals, education and jobs even if we aren’t top 10.

Some countries on the list have stronger government revenue or better growth, so they can handle higher debt better than Nigeria. Simply having a higher percentage doesn’t automatically make a country worse off.
Other listed countries like Egypt and South Africa have bigger formal economies and foreign investments, which helps them manage large debts more sustainably.

So not being on this list is not automatically good news ooooo, it just shows the type of debt measure used. The more important issue for us is whether Nigeria is earning enough and using what it borrows wisely.

We shouldn’t celebrate a statistic without real context.

But if Nigeria appear for the list.. You for dey insult Tinubu...
No dey lie to yourself.

1 Like

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by nairalanda1(m): 4:25am On Mar 04

I'm kind of amused by this thread, really. Government bots are rejoicing up and down, while the opposition is mourning, with one of them explaining things away by saying that 'the countries with high debt also generate more revenue, therefore, they can bear the debt'

Right. Won't a large chunk of that revenue go to servicing the debt as well...

The problem is, many of these people miss the cold reason why we are debt burdened...we rely mainly on exporting raw materials whose prices we do not control. (I expect some government bot to now tell me about tinubu diversifying the economy...by selling more raw materials whose prices we do not control).

The truth is, many of those countries are indebted as is Nigeria because not only are they resource dependent, but they spend a lot of monies on subsidies and looking good (Argentina looks like a developed country, as do Egypt, Morocco and some of the nations on that list, but they do it by getting into high debts). Egypt used to spend a ton of cash...nay tonnes of cash subsidsing electricity...and now it has contributed to their debt to the point that they are removing subsides on power.

I doubt that both the tinubu and opposition supporters are interested in solving the debt issue...instead they use it as a tool to abuse each other on this site. Even the solutions are also used as a tool to abuse each other on this site. I doubt that either side are really interested in solutions...they just want to chop oil money.

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by nairalanda1(m): 4:27am On Mar 04

njokuuche77:
What does this mean to Nigerians?
Nigeria not being on this list might make some people happy and they know themselves, but it doesn’t automatically mean we are doing great.

Debt to GDP simply compares what a country owes to the size of its economy. Even if we’re not among the top 10, what really matters is: Can we comfortably pay our debts without struggling?

If a country earns little but borrows a lot, repayment becomes stressful even if it’s not on a “most indebted” list.
So instead of celebrating or arguing politics, the real question should be:
Are we growing the economy? Are we earning enough revenue? Is the borrowed money improving people’s lives?

That’s what truly matters.

The problem with your argument is that if their economy was growing, and they was earning enough revenue, they would be spending a ton of that revenue on debt servicing, and the debt would be reducing...

But it isn't which means that the problem is worse than you think. iNFACT the fact that their debt is that high may even indicate that they are struggling to pay their debts too as well.

The issue is not whose mercedes benz is bigger in terms of debt but why all african nations have debt. At the end, the basis of our economies is resource dependency, and that has to change.

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by nairalanda1(m): 4:30am On Mar 04

Parachoko:
Nigeria was in the top 10 before the arrival of Asiwaju

On Asiwaju Bola Ahmed Tinubu Mandate I Stand Gidgba

Nigeria still has a debt problem, and your party the APC contributed to it...and remember that Buhari, who worsened the debt by high spending on subsides, printing of money and massive loan intakes was supported by TInubu.

The problem with tinubu right now is that there is no effort being made to make even more decisive decisions to reduce our dependence on borrowing.

1.He could have continued buhari's effort to get everyone on the banking system....which could have helped with the tax reforms
2. He could have removed subsides on power, so that everyone pays above N200 per kwh, and that means more investment in the sector
3.He could do more to fight corruption and end patronage projects.
4. He could also reduce our dependence on oil.

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by TheExchanger(m): 4:31am On Mar 04

Lead by example

HacheNoire:
Look how far His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) has taken our Great country.

Sincerely, every Nigeria need to have the tattoo of this man on their chest to show appreciation.

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by Vision101(m): 4:59am On Mar 04

njokuuche77:
What does this mean to Nigerians?
Nigeria not being on this list might make some people happy and they know themselves, but it doesn’t automatically mean we are doing great.

Debt to GDP simply compares what a country owes to the size of its economy. Even if we’re not among the top 10, what really matters is: Can we comfortably pay our debts without struggling?

If a country earns little but borrows a lot, repayment becomes stressful even if it’s not on a “most indebted” list.
So instead of celebrating or arguing politics, the real question should be:
Are we growing the economy? Are we earning enough revenue? Is the borrowed money improving people’s lives?

That’s what truly matters.

The higher you are on that table does it not mean more struggle to repay? The lower you are on that table does it not mean less struggle to repay?

1 Like

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by ProudlyLagos: 5:19am On Mar 04

children of hate and perdition will be rushing to this thread to see Nigeria on the list but end up disappointed…….Tinubu will keep disappointing the enemies of this great nation….they lost an election but have remained in perpetual pain ever since😂😂

1 Like

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by heysquare(m): 5:29am On Mar 04

njokuuche77:
What does this mean to Nigerians?
Nigeria not being on this list might make some people happy and they know themselves, but it doesn’t automatically mean we are doing great.

Debt to GDP simply compares what a country owes to the size of its economy. Even if we’re not among the top 10, what really matters is: Can we comfortably pay our debts without struggling?

If a country earns little but borrows a lot, repayment becomes stressful even if it’s not on a “most indebted” list.
So instead of celebrating or arguing politics, the real question should be:
Are we growing the economy? Are we earning enough revenue? Is the borrowed money improving people’s lives?

That’s what truly matters.

Those questions needed to be answered by you yourself because you understand the economy than us

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by ebrochukwu(m): 5:49am On Mar 04

This your respinse is actually not correct. What this simply means what we are naking is enough to sort the debth which is wjy we not on the list. Debth to gdp ratio. Look it well again

njokuuche77:
What does this mean to Nigerians?
Nigeria not being on this list might make some people happy and they know themselves, but it doesn’t automatically mean we are doing great.

Debt to GDP simply compares what a country owes to the size of its economy. Even if we’re not among the top 10, what really matters is: Can we comfortably pay our debts without struggling?

If a country earns little but borrows a lot, repayment becomes stressful even if it’s not on a “most indebted” list.
So instead of celebrating or arguing politics, the real question should be:
Are we growing the economy? Are we earning enough revenue? Is the borrowed money improving people’s lives?

That’s what truly matters.

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by owobokiri(m): 5:53am On Mar 04

Flangelo12:

Are you sure that is the latest?

He's cooking the data.
APCs Propaganda, promax

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by ObiPandora: 6:12am On Mar 04

Is that to say you prefer whe.n we were among the top 10 most indebted under Ebele n Buhari ?!

njokuuche77:
What does this mean to Nigerians?
Nigeria not being on this list might make some people happy and they know themselves, but it doesn’t automatically mean we are doing great.

Debt to GDP simply compares what a country owes to the size of its economy. Even if we’re not among the top 10, what really matters is: Can we comfortably pay our debts without struggling?

If a country earns little but borrows a lot, repayment becomes stressful even if it’s not on a “most indebted” list.
So instead of celebrating or arguing politics, the real question should be:
Are we growing the economy? Are we earning enough revenue? Is the borrowed money improving people’s lives?

That’s what truly matters.

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by ObiPandora: 6:14am On Mar 04

Is that to say you prefer whe.n we were among the top 10 most indebted under Ebele n Buhari

njokuuche77:
I see some people are already celebrating , the usual culprits never disappoints. Now let me educate you lots.

Yes, countries like Senegal, South Africa, Egypt, Kenya, Zambia and Rwanda have higher debt compared to the size of their economies than Nigeria that’s why they appear on the list.

But here’s the important part:
Nigeria still spends a huge chunk of its income just to pay back loans, often more than some of those listed countries do. That means less money for roads, hospitals, education and jobs even if we aren’t top 10.

Some countries on the list have stronger government revenue or better growth, so they can handle higher debt better than Nigeria. Simply having a higher percentage doesn’t automatically make a country worse off.
Other listed countries like Egypt and South Africa have bigger formal economies and foreign investments, which helps them manage large debts more sustainably.

So not being on this list is not automatically good news ooooo, it just shows the type of debt measure used. The more important issue for us is whether Nigeria is earning enough and using what it borrows wisely.

We shouldn’t celebrate a statistic without real context.

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by NOETHNICITY(m): 6:15am On Mar 04

njokuuche77:
What does this mean to Nigerians?
Nigeria not being on this list might make some people happy and they know themselves, but it doesn’t automatically mean we are doing great.

Debt to GDP simply compares what a country owes to the size of its economy. Even if we’re not among the top 10, what really matters is: Can we comfortably pay our debts without struggling?

If a country earns little but borrows a lot, repayment becomes stressful even if it’s not on a “most indebted” list.
So instead of celebrating or arguing politics, the real question should be:
Are we growing the economy? Are we earning enough revenue? Is the borrowed money improving people’s lives?

That’s what truly matters.

I just can’t understand why a news like this offends you.
Are we supposed to be upset that Nigeria isn’t on the list?

What do you want?

1 Like

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by ObiPandora: 6:17am On Mar 04

But same you do not want atinubu to increase taxes. Stay one place so thunder can locate you appropriately.

njokuuche77:
You’re right that debt to GDP matters. That’s exactly what this list is about. But economists don’t stop there. They also look at how much revenue a country earns.

Countries like South Africa and Egypt may have higher debt to GDP than Nigeria, but they generate more government income relative to their economies. Nigeria has one of the lowest revenue to GDP ratios in Africa, which means government earns little compared to the size of the economy .
So even if our debt to GDP is lower, repayment can still be stressful because income is weak. It’s not about absolute debt. It’s not about politics. It’s about whether a country can comfortably pay what it owes.

1 Like

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by elitper: 6:32am On Mar 04

Na INEC conduct this rating, nothing you fit tell me.

Re: The 10 Most Indebted African Nations By Total Debt-to-GDP by SmartyPants(m): 6:34am On Mar 04

njokuuche77:
What does this mean to Nigerians?
Nigeria not being on this list might make some people happy and they know themselves, but it doesn’t automatically mean we are doing great.

Debt to GDP simply compares what a country owes to the size of its economy. Even if we’re not among the top 10, what really matters is: Can we comfortably pay our debts without struggling?

If a country earns little but borrows a lot, repayment becomes stressful even if it’s not on a “most indebted” list.
So instead of celebrating or arguing politics, the real question should be:
Are we growing the economy? Are we earning enough revenue? Is the borrowed money improving people’s lives?

That’s what truly matters.

You have not fully understood that statistic then. The essence of GDP in the ratio is an assessment of the country's ability to repay - economics fundamentals assume that countries raise revenue through taxation, therefore GDP is an indicator of potential government taxable revenue.

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