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Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State (4982 Views)

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Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by omoadeleye(m): 4:59pm On Aug 14
givedemwotowoto:
12 years ago even with petrol subsidy, Peter Obi left ₦0 borrowing debt for Anambra and $150 million + ₦36 billion

Using today's exchange, that money is worth over ₦200 billion.

Today, no petrol subsidy and Nigerians are bearing the full brunt of the hardship, yet these people are still borrowing.
Habaa na, easy with your marijuana
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by oluxy(m): 5:03pm On Aug 14
givedemwotowoto:
Under Okpebholo, Edo debt rises, now Nigeria’s sixth most indebted state

Edo’s domestic debt has surged by N59.37 billion under Governor Monday Okpebholo, catapulting the state from 12th to sixth among Nigeria’s most indebted states in just 15 months.



Source
What do you expect?
They borrowed money to share and enrich their selves in the name of executing unseen projects.

Mr governor who could not manage his state affair but badging into Osun state affairs, what do you expect?
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by givedemwotowoto(op): 5:07pm On Aug 14
keemsleek:
Stop lieing oga



Anambra's debt near the end of Peter Obi's tenure
The best comparable official figure is the Debt Management Office (DMO) position at 31 December 2013, about 2½ months before Obi left office:
Type of debt
Anambra
Domestic debt
₦3.03 billion
External debt
US$30.32 million
Total
Approximately ₦7.8 billion at the prevailing exchange rate


it would be inaccurate to say Obi simply "cleared all the debt." The domestic debt was dramatically reduced, while the external debt remained and actually increased somewhat.
There is also evidence that the reduction in Anambra's debt was helped by Paris/London Club debt relief, meaning not all of the reduction can necessarily be attributed to Obi personally paying the debt from state revenues. �

What about the famous ₦185 billion?
This is where the political argument becomes confusing.
In 2015, the Obiano administration said it inherited approximately ₦185bn in liabilities, mainly representing the total value of contracts/projects inherited from Obi's administration, not ₦185bn of conventional DMO-recorded public debt. �
I see your argument is based on specifics and not that he misruled and left the economy in ruins.

And when we compare Obi's governance with your candidate, I hope we can establish a superior comparison based on same specifics, not based on some bogus "he built Lagos"
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by dappydozzy(m): 5:14pm On Aug 14
Gerundphrase:
Pdp
Power to the people

Apc
Broooooom brom broooom

Jonathan your political ambition is not worth the blood of any Nigerian
But the blood of Nigerians who have died under the leadership of apc will continue to hunt you even in your grave
No one's blood will haunt Jonathan. Jonathan did what was right at that specific time. He is a great statesman.
Some will leave political office and no one will remember them.
It is the pharaohs of this realm who want to turn the nation into a one party state that the blood of dead Nigerians will haunt.
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by Dancebreaker: 5:22pm On Aug 14
Toscarel:
The D7 governor that cant even read out the budget. APC really did the beautiful people of Edo state dirty on this one.
These people are just talking their own.

These figures and numbers make no sense to the governor. They confuse him. cheesy grin
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by keemsleek(m): 5:49pm On Aug 14
givedemwotowoto:
I see your argument is based on specifics and not that he misruled and left the economy in ruins.

And when we compare Obi's governance with your candidate, I hope we can establish a superior comparison based on the same specifics, not based on some bogus "he built Lagos"
You said he didn't leave any debt and it was at 0%. Being indebted doesn't automatically mean a state is financially worse off. Lagos, for example, has much larger revenues and economic activity than most states, so its ability to service debt is a separate question.

I even corrected edo state is 4th and not 6th. I'm from Edo State but born and bred in Lagos State. I don't have any candidate; I just burst people's lies. For your info, I voted lp on presidential election, and I was in Benin for the first time during the Edo election, and I campaigned for Olumide Akpata. This time around, I might just vote for the man that's not scared of anybody or caliphate, the man who believes he might write his wrong by doing the right thing.


A determined and focused man. No one is perfect.
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by Apcshit: 5:51pm On Aug 14
Gerundphrase:
Pdp
Power to the people

Apc
Broooooom brom broooom

Jonathan your political ambition is not worth the blood of any Nigerian
But the blood of Nigerians who have died under the leadership of apc will continue to hunt you even in your grave
Wetin GEJ do you
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by givedemwotowoto(op): 5:59pm On Aug 14
keemsleek:
You said he didn't leave any debt and it was at 0%. Being indebted doesn't automatically mean a state is financially worse off. Lagos, for example, has much larger revenues and economic activity than most states, so its ability to service debt is a separate question.

I even corrected edo state is 4th and not 6th. I'm from Edo State but born and bred in Lagos State. I don't have any candidate; I just burst people's lies. For your info, I voted lp on presidential election, and I was in Benin for the first time during the Edo election, and I campaigned for Olumide Akpata. This time around, I might just vote for the man that's not scared of anybody or caliphate, the man who believes he might write his wrong by doing the right thing.


A determined and focused man. No one is perfect.
Show us evidence of supporting or voting LP and campaigning for Akpata. Your monicker has no history of any of that.

We know these things already. Use one account to campaign for Tinubu, then use another account to claim neutrality or Obi supporter.
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by 8starmember: 6:01pm On Aug 14
Good governance No..but if na to tackle Peter obi you will see him with muscles.....Apc is evil party
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by nedu666: 6:02pm On Aug 14
Samogloby:
This is confusing me. How many Beyonce is that
It is 59 Beyonce
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by Alliswell248: 6:03pm On Aug 14
givedemwotowoto:
12 years ago even with petrol subsidy, Peter Obi left ₦0 borrowing debt for Anambra and $150 million + ₦36 billion

Using today's exchange, that money is worth over ₦200 billion.

Today, no petrol subsidy and Nigerians are bearing the full brunt of the hardship, yet these people are still borrowing.
It's only low life thinker you can deceive...

Obi never left any money ...Obiano has debunked this lie.

Obi was a total failure as a governor...we would reject him again and finally retire him from politics
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by Alliswell248: 6:06pm On Aug 14
Dancebreaker:
These people are just talking their own.

These figures and numbers make no sense to the governor. They confuse him. cheesy grin
His results is far better than that of Peter Obi.
Obi had pass in mathematics, English, government and economic.
No wonder they dashed him philosophy in UNN.
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by givedemwotowoto(op): 6:08pm On Aug 14
Alliswell248:
It's only low life thinker you can deceive...

Obi never left any money ...Obiano has debunked this lie.

Obi was a total failure as a governor... we would reject him again and finally retire him from politics
Is this how you plan to do it? By using thugs to murder people during elections? Explain



Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by keemsleek(m): 6:09pm On Aug 14
givedemwotowoto:
Show us evidence of supporting or voting LP and campaigning for Akpata. Your monicker has no history of any of that.

We know these things already. Use one account to campaign for Tinubu, then use another account to claim neutrality or Obi supporter.
Lol..... like I said I campaigned for akpata..... even when most LP members betrayed him. God see all. My family in benin are pdp but I believed he was the best candidate. Why will I have double page cos of politics, nobody feeds me and I am not scared of anyone. When I voted for obi I no send anybody....

Always say the fact and truth and we good. Let the best man win.
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by Henrymas(m): 6:10pm On Aug 14
The illiterate idiot that said 1+2=21.
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by JuanDeDios: 6:14pm On Aug 14
givedemwotowoto:
Under Okpebholo, Edo debt rises, now Nigeria’s sixth most indebted state

Edo’s domestic debt has surged by N59.37 billion under Governor Monday Okpebholo, catapulting the state from 12th to sixth among Nigeria’s most indebted states in just 15 months.



Source
I always knew Monday would write his name in gold for something. I'm sure he'd blow half of all the loans on building flyovers and campaigning for Tinubu.
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by Tooreda(f): 6:17pm On Aug 14
nairalanda1:
Most states have that kind of debt, because most of them are broke.

The way out is to tax more of the gdp so as to reduce borrowing, but people would quote me to say poverty. And they will accuse me of not supporting their war against corruption (when it is basically also part of what the govrnment must do to reduce borrowing as well).

The problem is, we are using our poverty as an excuse to avoid taking hard decisions. Borrowing is happening because states are not taxing enough of the gdp, because most people are in the informal sector, and even if the governor did manage to tax everyone in the state that is taxable, it won't raise enough money.

So, the only option, apart from fighting corruption, is borrowing more. Nigeria needs money to guarantee good roads, and modern schools, hospitals, and so forth like the ones you see in saner climes, and they all cost money, so borrowing. And the funny thing is that the money edo state needs is probably far more than what it can borrow. I'm serious.

You see our issue.

Note that I did not say we must not fight corruption, or ignore corruption, and yes, I do not like the governor of edo state, e no fit to be governor, there are better people than him. BUt that is what the people wanted. You could have had an Akpata if you were not so wound up over governor must come from our side.
Poor man with plenty idea has spoken.
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by Sirleo05: 6:17pm On Aug 14
and this is just the beginning 😁. how many years remaining ? APC ,una well done
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by Dancebreaker: 6:20pm On Aug 14
Alliswell248:
His results is far better than that of Peter Obi.
Obi had pass in mathematics, English, government and economic.
No wonder they dashed him philosophy in UNN.
I don't know why you think philosophy is easy.

Everything we learn in Western education began with Philosophy.

When you get to the top of academic learning, you become a Doctor of Philosophy. A reminder of the importance of philosophy.

Science has taught me the value of philosophy.

One of the smartest kids (one of the best A-Level grades nationwide) I have seen in recent years is heading to the oldest university in the Anglophone world to read Philosophy next month. The kid and parents are delighted.

By the way, it was Jarett Tenebe, Edo State APC chairman, who openly said Okpebholo does not understand big figures in money.
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by Ighodalo223: 6:38pm On Aug 14
nairalanda1:
Most states have that kind of debt, because most of them are broke.

The way out is to tax more of the gdp so as to reduce borrowing, but people would quote me to say poverty. And they will accuse me of not supporting their war against corruption (when it is basically also part of what the govrnment must do to reduce borrowing as well).

The problem is, we are using our poverty as an excuse to avoid taking hard decisions. Borrowing is happening because states are not taxing enough of the gdp, because most people are in the informal sector, and even if the governor did manage to tax everyone in the state that is taxable, it won't raise enough money.

So, the only option, apart from fighting corruption, is borrowing more. Nigeria needs money to guarantee good roads, and modern schools, hospitals, and so forth like the ones you see in saner climes, and they all cost money, so borrowing. And the funny thing is that the money edo state needs is probably far more than what it can borrow. I'm serious.

You see our issue.

Note that I did not say we must not fight corruption, or ignore corruption, and yes, I do not like the governor of edo state, e no fit to be governor, there are better people than him. BUt that is what the people wanted. You could have had an Akpata if you were not so wound up over governor must come from our side.
I believe this your nonsense explanation is void of reasoning. FG has stated the state government are getting thrice their allocation. Oga stop defending bad governance. How many capital infrastructure project have Edo state benefited from. Don't be d@Ft
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by nairalanda1(m): 7:21pm On Aug 14
Ighodalo223:
I believe this your nonsense explanation is void of reasoning. FG has stated the state government are getting thrice their allocation. Oga stop defending bad governance. How many capital infrastructure project have Edo state benefited from. Don't be d@Ft
Thanks for being abusive to me. I believe this is a reflection of your upbringing. I hope you train your children to behave like that.

Have a good evening,
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by adecz: 7:22pm On Aug 14
What do you expect from a WAEC failure??
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by nairalanda1(m): 7:22pm On Aug 14
Tooreda:
Poor man with plenty idea has spoken.
I guess this helps you feel more mature, so, have at it.
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by omojeesu(m): 8:13pm On Aug 14
A loota con tinua!
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by Classicalman(m): 9:12pm On Aug 14
Yet they are still standing on mandate
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by mtmfrank: 9:19pm On Aug 14
Politicial Godfathers and Godmothers using the munu governor to run Edo State down.
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by Walz001: 9:45pm On Aug 14
Broo your 30k stipends to defend peole like this willalways take Jigeria by 10 years back
Governor are meant to bring in development and growth for ts state and people
Lagos as example borrow we see qhat tey use it for and ij the long run moat of the projects are yielding results to pay off aome of the money e.g blueline train and lots more

Make una go school na lie una go no brain to understand reading
casualobserver:
Some people are here to be “he de hots”. Some people n the time you took to type have done a Google search with a simple “okpbebolo projects”. Or simply asked AI to list his projects since coming to power.


But not everyone is intelligent.
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by opeldavid: 11:33pm On Aug 14
Olodo governor. D7 governor.
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by Deblow: 1:39am On Aug 15
Legend! Gradually he will push Edo state to the top and soon too....from the 6th to the 1st
Re: Edo Debt Rises By ₦59.37bn Under Okpebholo, Now 6th Most Indebted State by Hungrychicken(m): 6:54am On Aug 15
Edo state is one of the worst state in the south south region, zero infrastructure and economic development.

Oshiomole still get mouth dey challenge Akpabio for senatorial seat
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