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Nairaland Forum / Nairaland / General / Politics / Huge Debts Await Buhari, In-coming Govs (18197 Views)
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Re: Huge Debts Await Buhari, In-coming Govs by Nobody: 10:39am On Apr 18, 2015 |
mashnino:Do you own a business ? |
Re: Huge Debts Await Buhari, In-coming Govs by Nobody: 10:40am On Apr 18, 2015 |
mekadinho:They are both on B+ rating |
Re: Huge Debts Await Buhari, In-coming Govs by ozoigbondu: 10:41am On Apr 18, 2015 |
geoworldedu: Simple they siphon it to their own accounts and use it to keep their godfathers happy |
Re: Huge Debts Await Buhari, In-coming Govs by mekadinho(f): 10:42am On Apr 18, 2015 |
hensben:And what happens to Fashola and Tinubu? He ll send them a congratuatary messages okwa ya? Lagos incurred more than 400b debt, waiting for u to comment on dat... 1 Like |
Re: Huge Debts Await Buhari, In-coming Govs by dollarlander: 10:42am On Apr 18, 2015 |
omenka: God bless you mg brother. I love it when I see Nigerians with sense of reasoning like this. The money were stolen in the name of borrowing. Where is the effect of the borrowed money on Nigerians. Except Lagos and few States that invested in infrastructure. |
Re: Huge Debts Await Buhari, In-coming Govs by Raiders: 10:43am On Apr 18, 2015 |
Billyonaire:do you think the US government is happy about its current debt? Why do you think the US government shut down last year for about a week and stop paying US federal workers? You can only earn good credit if you pay your debt regularly but a country like Nigeria that depends on oil stand a risk of defaulting if oil prices fall to 10 dollars. Nigeria should try to avoid debt as possible 1 Like |
Re: Huge Debts Await Buhari, In-coming Govs by mashnino(m): 10:43am On Apr 18, 2015 |
kaboninc: By ignore... I mean in this discussion not like generally oo Just this discussion... I just dont have time to fiddle about how dose debts were incurred and hw it was spent D one dat is vexing me most is dat of kaduna.. Dat state is going no where D governor dere just takes pictures.. Put dem on billboards and den display to d people He hasnt done anyfing recognizable for d state And some other states too... And for once i ve neva understood d politics of lagos state It will b ok to note that.. I am an APC follower but mehn... I hate fashola like i hate my shit.. Dat guy is very deceitful.. So all d money he gets from Revenue ad dat toll gate.. Where does it end up? So dat was why i said i dnt even want to talk abt state debt 1 Like |
Re: Huge Debts Await Buhari, In-coming Govs by mekadinho(f): 10:45am On Apr 18, 2015 |
Obiagelli:Shut d a.zzz u call mouth abeg and stop typing non-sense. |
Re: Huge Debts Await Buhari, In-coming Govs by Nobody: 10:47am On Apr 18, 2015 |
Raiders:How can we not depend on oil ? I think the cocoa plantations and groundnut pyramids are replaced by need to destroy ND for oil. No State Government is thinking of developing the local economy but all eyes are on Abuja and how oil money is shared every 4 weeks. I can bet with my dick that Buhari will not think of diversifying the economy, he will borrow more and dig for more 'kurud oyel'. |
Re: Huge Debts Await Buhari, In-coming Govs by Olamitisoji(m): 10:50am On Apr 18, 2015 |
They give the highest IGR agreed then why are they indebted, Rivers state toping the list, and lagos coming second on the list of the states woth the higest IGR and also in Govt allocation, how come they are indebt, how come they are backwards infrastructure when it comes to looking at the allocation from FG to this states, FG allocation to lagos state alone is Republic Niger's annual budget. Let's put parties aside, mismanagement issue affect bought federal, state, and local government. MrIncrediible: |
Re: Huge Debts Await Buhari, In-coming Govs by mashnino(m): 10:53am On Apr 18, 2015 |
IbokUtoroh: the problem here is that... you dont beleive Buhari can make this economy a lil bit better I neva mentioned anything about state debts because i for one dont understand the politics of states.. state politics are not as really transparent as the federal politics... to me ooo so i cant argue about state politics with anyone.. and just so you know i dislike fashola so much..at times i feel like vomiting.... so please dont involve with state politics... i dint even know d federal government gives lagos that much sef... |
Re: Huge Debts Await Buhari, In-coming Govs by Nobody: 10:54am On Apr 18, 2015 |
mekadinho:Fool, Lagos is even rated AA+ by Fitch. dailyindependentnig.com/2014/01/lagos-owes-n435b-debt-commissioner/ |
Re: Huge Debts Await Buhari, In-coming Govs by basilo101: 10:55am On Apr 18, 2015 |
We kw which regions occupy redundant ministries dat will soon be closed by d new admistration in a deperate move to recover cash 4 capital projects and win d hearts of Nigerians. Dia is no way Buhari can sanitise d system without offending his ppl and his allies. |
Re: Huge Debts Await Buhari, In-coming Govs by ohenhen1: 10:58am On Apr 18, 2015 |
Nigeria debt profile is actually good. The Federal government debt is about 45 billion dollars. Debt repayment is about $4.5 billion. Which is okay. We can take on an additional $55 billion debt. The state government is 12 billion dollars. Lagos debt of $1 billion was used to finance the light rail project. Lagos state will earn the money back . |
Re: Huge Debts Await Buhari, In-coming Govs by IbokUtoroh(m): 10:59am On Apr 18, 2015 |
mashnino: thnx for not complicatng issues forr us. state is whr corruption thrives the most n the problem buhari will encounter in his tenure will be from d states. jona ran a transparent fG, do we knw hw much states budget for their feedng and govt house? we dont! i wish buhari goodluck cos he needs all d goodlucks he can thinkof! |
Re: Huge Debts Await Buhari, In-coming Govs by rudebouy: 10:59am On Apr 18, 2015 |
How much is Akwa Ibom state owing? |
Re: Huge Debts Await Buhari, In-coming Govs by mashnino(m): 11:00am On Apr 18, 2015 |
Billyonaire: yeah..you need employment?? |
Re: Huge Debts Await Buhari, In-coming Govs by Nobody: 11:01am On Apr 18, 2015 |
There is fire on the mountain and nobody seems to be on the run..... |
Re: Huge Debts Await Buhari, In-coming Govs by kaboninc(m): 11:01am On Apr 18, 2015 |
mashnino: Well, you can see the things the Federal Government do...at least they don't owe salaries |
Re: Huge Debts Await Buhari, In-coming Govs by Nobody: 11:03am On Apr 18, 2015 |
mashnino:Even if you own a business, then you are not a successful business person, sorry. With your mentality you cant be rich for life. Change it. 1 Like |
Re: Huge Debts Await Buhari, In-coming Govs by kaboninc(m): 11:03am On Apr 18, 2015 |
IbokUtoroh: mashnino..... here you have it... |
Re: Huge Debts Await Buhari, In-coming Govs by kaboninc(m): 11:05am On Apr 18, 2015 |
Billyonaire: I seriously want to see how Buhari will run his government without borrowing. |
Re: Huge Debts Await Buhari, In-coming Govs by Kobeje(m): 11:06am On Apr 18, 2015 |
Billyonaire: Most of America's debt are owed external bodies in form of unpaid contributions, and not monies borrowed for mostly recurrent expenditures. Can we say the same for the FG and the states? 1 Like |
Re: Huge Debts Await Buhari, In-coming Govs by mashnino(m): 11:11am On Apr 18, 2015 |
Billyonaire: yeah...i dont want to be rich for life... if i can have enough for me and my family.. and my children's education.. i am good.. becoming too rich is just headache... so please ooo you dat will be rich for life... tkia ooo |
Re: Huge Debts Await Buhari, In-coming Govs by mashnino(m): 11:12am On Apr 18, 2015 |
kaboninc: Here i have wat.... |
Re: Huge Debts Await Buhari, In-coming Govs by Nobody: 11:14am On Apr 18, 2015 |
mashnino:You are a subsistent capitalist, you should not be discussing with venture capitalists cos you belong to the miniature category. People like you do not borrow, and if you owe anyone, you run and hide under bed when they come. |
Re: Huge Debts Await Buhari, In-coming Govs by mashnino(m): 11:18am On Apr 18, 2015 |
Billyonaire: Yeah... call it anything you want to call it... at the end of the day.... na wetin to put for mouth we dey find... so whether i am venture or subsistent capitalist... as far as i can eat and sleep under a nice shade my guy i am very okay... life is just too simple to worry about these things... so calm down |
Re: Huge Debts Await Buhari, In-coming Govs by Ucheosefoh(m): 11:28am On Apr 18, 2015 |
chamboy:What happen to the debts of APC states were the money use in paying those you mention 1 Like |
Re: Huge Debts Await Buhari, In-coming Govs by Johnsmartinyang(m): 11:39am On Apr 18, 2015 |
dridowu:Nna bilo where's Akwa ibom debt in all dis...im not too good wth figures but I know how to spend...no blame me I'm from babagindas era |
Re: Huge Debts Await Buhari, In-coming Govs by pazienza(m): 12:05pm On Apr 18, 2015 |
ohenhen1: I get the feeling that it was thought process like the one you just exhibited, that landed Greece into her current sorry debt state. Nothing is ok about debt, especially a debt with no real positive investments backing them up, don't let anyone fool you. |
Re: Huge Debts Await Buhari, In-coming Govs by pazienza(m): 12:09pm On Apr 18, 2015 |
T.A orji suddenly doesn't look like the worst governor ever, he did nothing for the people, but by not puting the state in huge debts, he has ensured that his successor will have a clean slate to deliver dividends of democracy to the people. 1 Like |
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