"Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank - Politics (3)

"Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank - Politics (3) - Nairaland

Nairaland Forum › Nairaland General › Politics › "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank (6650 Views)

1 2 3 4 Reply (Go Down)

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by donborg(m): 7:38pm On Jul 04

Racoon:
https://www.vanguardngr.com/2026/07/nigerias-challenge-is-low-revenue-not-high-debt-world-bank/

Nigeria sells 1.7 million barrels of oil every day making 110 million dollars yet this nincompoop says Nigeria has a low revenue problem huh

?

Very stupid talk

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by cucumbar: 7:38pm On Jul 04

Racoon:
https://www.vanguardngr.com/2026/07/nigerias-challenge-is-low-revenue-not-high-debt-world-bank/

these ones never talk wetin dey their mind.

They’ll pretend that they are not aware that APC government officials are embezzling the revenues generated.

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by TenQ: 7:40pm On Jul 04

Racoon:
https://www.vanguardngr.com/2026/07/nigerias-challenge-is-low-revenue-not-high-debt-world-bank/

In summary,
Government should increase Revenue by INCREASING Taxes to Individuals and Companies.

World Bank forgot that Nigerians are paid Peanuts with respect to Dollar rates.

Thus , unless tax is raised to about 80-90% of our income, the wishes of the World Bank can never come to pass.

World Bank will never advise Nigerian Government to Stop or Limit Importation of consumables by Instituting Manufacturing Industries.

1 Like

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by Akpakomiza2: 7:42pm On Jul 04

Eriokanmi:
Why won't there be liw revenue when there's no production ? Even the remaining SMEs are struggling to survive in this Tinubu's failed economy

Under Tinubu, production and exportation have increased. Tinubu has massively supported SMES

1 Like

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by Akpakomiza2: 7:47pm On Jul 04

donborg:
Nigeria sells 1.7 million barrels of oil every day making 110 million dollars yet this nincompoop says Nigeria has a low revenue problem?

Very stupid talk

Oil companies take over 50%

1 Like

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by toyeoye(m): 7:48pm On Jul 04

Kushites:
Stop quoting AI generated nonsense.

Answer with your own head.

Did your AI tell you what PERCENTAGE of revenue is stolen or misappropriated?

The worst estimates put it at 30% of annual revenue.

So which is better - crying uselessly about corruption, or raising revenues so the impact of corruption is less felt?

WHICH IS BETTER:

A $40 billion budget reduced by corruption to $30 billion.

Or a $150 billion budget reduced by corruption to $110 billion?

This is genuinely one of the most intellectually lazy arguments I've seen.
Your response to "billions are wasted, diverted, and poorly allocated" is: "Let's collect more billions."
By that logic, no level of corruption matters as long as revenue grows.
Nigeria already spends a smaller share of its resources on health and education than poorer, more indebted countries.
You keep talking about how much money comes in. I'm talking about where it goes.
The fact that you can't tell the difference is the entire problem.

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by femi4: 7:51pm On Jul 04

Low revenue due to corruption

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by Blunt99: 7:53pm On Jul 04

seunmsg:
I have said this severally but very ignorant folks attacked me. Now that it is coming from World bank, I hope they get better understanding. Even without corruption, Nigeria cannot develop to become a first world country with our very ridiculously low budget that we can't even fund. Since 2024, we have been unable to fund our annual Federal Government budget.

To make maters worse, Nigerians want a freebies socialist government. They want free education, free electricity, free healthcare, heavily subsidized PMS, subsidized exchange rate, excellent public infrastructure that are free to use, and very low taxes. So, who pays for all these?

On average, we pump about 1.4 million barrels of crude oil daily. After removing cost of production, 50% goes to the oil company and FG goes to the Federation Account. We then share to all 774 LGA's, 36 states and FG. With 220 million people to provide for, what is left?

Any presidential candidate that is serious and truthful must present a realistic plan on how to increase the Federation Account annual inflow to at least $100 BILLION in the next four years. If not, then absolutely nothing will change.

Corruption is the singular reason Nigeria cannot develop to a first world.

Only corruption.

Corruption means there is no accountability for the little,

And there is assurance for much.

Only corruption.

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by michoim(m): 7:55pm On Jul 04

The world bank & Tinubu satanic collaborations will not work. World Bank asking for increase in revenue mobilisation is to justify Tinubu to imposed more tax on hapless nigerians...

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by seunmsg(m): 8:00pm On Jul 04

Ezzymadu:
Thanks God you said since 2024 to fund budget has become issues
why not ask your OGA how manage

Before 2024, Buhari funded the budget through wats and means. We did over N26 Trillion in ways and means alone by the time Buhari was leaving in 2023. 97% of our revenue was going to debt repayment. The country was 3% away from defaulting and economic collapse. If Tinubu had continued on that ruinous path, there would be no Nigeria again by today.

1 Like 1 Share

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by seunmsg(m): 8:02pm On Jul 04

LZAA:
The problem with these lies you just posted is that so many people who survived SAP,Abacha stoves and NLC strikes still had reasonable incomes,saw the middle class bounce back and also saw Yaradua and GEJ run a progressive country
Apcheat on the other hand has brought nothing but sorrow,pain and multidimensional poverty on the land.
Take your propaganda laden epistle elsewhere
Nonsense

lol. This is the kind of ignorant mentality that got us to where we are today.

1 Like

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by israelmao(m): 8:03pm On Jul 04

IMF simply wants Tinubu to tax blood out of Nigerians regardless wrong choice of economic policies created by FG.

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by seunmsg(m): 8:13pm On Jul 04

lawani:
Nigeria's debt to GDP ratio is low but the percentage of revenue being used to service debt is high. However there is potential for revenue to increase as tax to GDP is still low

The US uses less than or around twenty percent of revenue to service debts while Nigeria uses up to fifty percent or more. If revenue doubles then we will be at around the same threshold as the USA. However no entity should have more debt than the value of it's investment. Norway for instance has debt but I don't think it is up to 300 billion dollars while their sovereign wealth fund is many times the value of the debt at over 2 trillion dollars. Even if they want to offload all their stock at once, they should still be able to raise double their debt and that is how it should be

As at the time Tinubu took over in 2023, Nigeria was using 97% of revenue to pay debt. It is the same Tinubu you all like to abuse that actually brought it down to about 60%.

1 Like

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by chaerman: 8:16pm On Jul 04

In case you live under the rock these wicked guys are our main source of economic underdevelopment

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by omojeesu(m): 8:22pm On Jul 04

He's doing his father's work!

End times economic strangulation for the Mark of the Beast to operate...

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by Omalicious1: 8:29pm On Jul 04

Racoon:
https://www.vanguardngr.com/2026/07/nigerias-challenge-is-low-revenue-not-high-debt-world-bank/

But the FG have been bragging how much they've been able to have in their foreign reserve na...I can still recall that even the President boasted that he had exceeded his targeted revenue for the year in August...this makes me to ask WHERE IS THE MONEY? Someone somewhere isn't telling the truth.

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by Guyman02: 8:41pm On Jul 04

BOOZELEE:
See his ugly face

You will hold all past Presidents that borrowed recklessly when its time to collect ur debt back.

Nigerians have warned you guys to stop borrowing cos there is nothing to show for it but you guys are still busy borrowing.Ok

World Bank is part of Nigeria's problem with their Voodoo economics

1 Like

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by Westman001: 8:58pm On Jul 04

Didn't know world bank could be so stupid.
Low revenue? BS
The revenue is high, it's how they are being utilize that's the problem.
Is Nigeria not the largest oil producer in Africa? Nevertheless, it's the utilization of the revenue acquired that's the problem

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by Teymanhenry(f): 8:59pm On Jul 04

World Bank like any other bank would give reasons why it's customer (Nigeria) should keep on borrowing from them...

A country which lack in Energy, fuel, electricity, water, good roads, rail roads, lack of industries, exportation of local commodities and expensive air transport would always have issues generated by adequate revenue.
Our government is too lazy to find means of generating revenue. The only thing they know how to do is to tax citizens.... Even when they don't provide basic amenities.

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by LZAA: 9:00pm On Jul 04

seunmsg:
lol. This is the kind of ignorant mentality that got us to where we are today.

No
Apcheat brought us here
Stop trying to deflect
That Daura error took his own shares of loans and his Agbado counterpart has kept up the pace
Jeez
I know you guys must spread propaganda but don't lie to yourself
It's dangerous

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by Eriokanmi: 9:07pm On Jul 04

Akpakomiza2:
Under Tinubu, production and exportation have increased. Tinubu has massively supported SMES

Show proofs, including the investors he's driven into Nigeria in all his business trips since 2023. I am not talking of those promises and commitments oo. I mean the actual investments already in place at home. You can consult google for help

1 Like

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by Chukwudi4naija(m): 9:17pm On Jul 04

Even with all the vat and Stamp duties. World Bank can never help any Third World Country to grow.

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by franvincoop: 9:29pm On Jul 04

Pls which of his sister?

lexylaw09:
the organization is headed by your sister
.. sheybi you know

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by lezz(m): 9:33pm On Jul 04

The satanic, liberal socialist globalist organisation called world bank will not hold government accountable for corruption but will encourage task to cripple African economies for global subjugation

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by Akpakomiza2: 9:37pm On Jul 04

Eriokanmi:
Show proofs, including the investors he's driven into Nigeria in all his business trips since 2023. I am not talking of those promises and commitments oo. I mean the actual investments already in place at home. You can consult google for help

We are talking of production not investments. Local production in agriculture, manufacturing has shot up. It is from statisense quarter one and two. Tinubu through Bank of industry, cbm, bank of agric and Smedan supported over 2 mil small scale traders and businesses. Tinubu wife on her own is doing state by state support. This is unprecedented

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by GUNITGuy: 9:44pm On Jul 04

Racoon:
https://www.vanguardngr.com/2026/07/nigerias-challenge-is-low-revenue-not-high-debt-world-bank/

Revenue could be Generated micro-taxation informal sector payments should be made more online than in cash ......Private Public Partnership
Diaspora earnings and Remittances .....
Each region should own it's own ....
Oil and Gas and Natural resources should
Nigeria could be heading for an Economic Boom in the nearest future with there should be a An opening live monitoring of government revenues and spending Made available to all in all Local language ....please no intellectual jargon to use and loot as it's being done ..Budget should be called "Things to spend on" and expenditure "things to buy"....
Not recurent expenditure and Capital expenditure are all scamming vocabulary by Ruling Elites

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by oluxy(m): 9:44pm On Jul 04

Racoon:
https://www.vanguardngr.com/2026/07/nigerias-challenge-is-low-revenue-not-high-debt-world-bank/

Something must be wrong with this foreign body.

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by Guestmale: 9:46pm On Jul 04

Borrowing in itself is not the problem it's what we use the borrowed money for is what matters most and this particular government has concentrated in building infrastructures like roads, which is very important for economic growth and social progress.

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by Prince1759(m): 10:07pm On Jul 04

Racoon:
https://www.vanguardngr.com/2026/07/nigerias-challenge-is-low-revenue-not-high-debt-world-bank/

If Nigerians like they should vote for TINUBU in the coming elections. Una go even borrow tears from reservoir to cry.
You see all those idiots campaigning for him will later regret their lives.
TINUBU wey no send anybody but himself.

1 Like

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by Ambassadors: 11:03pm On Jul 04

The subsidy removal is what took it down but has no positive effect on the economy. insecurity means low productivity and low farm produce thus reduction in GFP

seunmsg:
As at the time Tinubu took over in 2023, Nigeria was using 97% of revenue to pay debt. It is the same Tinubu you all like to abuse that actually brought it down to about 60%.

Re: "Nigeria’s Challenge Is Low Revenue, Not High Debt" - World Bank by Eriokanmi: 12:10am On Jul 05

Akpakomiza2:
We are talking of production not investments. Local production in agriculture, manufacturing has shot up. It is from statisense quarter one and two. Tinubu through Bank of industry, cbm, bank of agric and Smedan supported over 2 mil small scale traders and businesses. Tinubu wife on her own is doing state by state support. This is unprecedented

1 2 3 4 Reply

Nigeria’s Challenge Is Low Revenue, Not High Debt – World Bank • “Stop Jubilating Over Nigeria’s Challenge" Lagos APC Blasts Obi • These States Ranked High In IGR aslo Ranked Low In Fiscal Performance, High Debt • 2 • 3 • 4

Lagos State Orders 60 Ferries • Jonathan, PDP Plan Shocker For Tambuwal • Benue Killings: Buhari Meets Saraki, Dogara; To Meet Benue Leaders