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Nairaland Forum / Nairaland / General / Politics / Nigeria’s Economy Under Threat As Debts Hit N11trillion (20456 Views)
States’ Foreign Debts Hit $3.2bn , Cannot Repay In The Next 50 Years -Shehu Sani / Re: See What Is Happening To Nigeria’s Economy Under Buhari / See What Is Happening To Nigeria's Economy Under Buhari (2) (3) (4)
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Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by PassingShot(m): 7:48am On May 07, 2015 |
4Play: Really, you're sounding very funny now. Does it mean that not supporting or operating illegal accounts translate to not having savings? Aren't there many other legal ways of saving our excess earnings? Can't a bill be sponsored to operate the SWF and ECA so that they become legal? 4Play: Don't worry at all. Whatever can be recovered will be recovered but do not come here to shout witch-hunting or victimization as some of you sympathetic to PDP have already been doing here. Do not complain when the searchlights start to beam. 1 Like |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by AkandeMD: 7:49am On May 07, 2015 |
She's in d Liberary, collating handiover speech with some Ogbonge Gramma 1 Like |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by rusher14: 7:50am On May 07, 2015 |
Ariel20: Alert never enter. |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by Nobody: 7:51am On May 07, 2015 |
PassingShot:It is one thing to criticise, it is another thing to show leadership. Many people criticise, including those in government at lower level. For instance, Osun is in huge financial crises, yet rather than stop the policy of feeding of school kids, they maintain it just to prove a point. That is an example of bad fiscal policy. It is no crime to take to austerity when things aren't going well. 3 Likes |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by Lerumo: 7:53am On May 07, 2015 |
Truckpusher: With this kind of comment coming from a truck-pusher it doesn't surprise me one bit. Its obvious you don't read before you comment, I won't also be surprised if someone helps you type your comments. But sincerely what more could I expect from a truck-pusher. 3 Likes |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by buJu234: 7:53am On May 07, 2015 |
when i said that Nigeria wouldnt have survived economically for another 4yrs under GEJ led PDP govt. my guys tot i was against my own brother GEJ... but u can see it now.... 2 Likes |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by PassingShot(m): 7:54am On May 07, 2015 |
Sibrah: Have you had a look at APC's manifesto? Is feeding some school children the only thing you saw there? Do you mean you didn't read how they plan to revitalize some already dead industries? Didn't you read in it how they plan to create job? If you have not read it, check it here and take your time to read and digest it. http://apc.com.ng/apcroadmap.pdf 2 Likes |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by Nobody: 7:57am On May 07, 2015 |
O ma se o! Yet some buffoon still wants this man 2 continue ruling this nation. 1 Like |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by Sibrah: 8:00am On May 07, 2015 |
barcanista:The guy needs to stop free feeding and allowance for un productivity and do more of Omoluabi Garment Factory. He is resisting the urge to stop these religious inclined schemes like feeding. They feel it is more noble to feed people. It is sort of like giving out alms to the 'Mekunus' |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by Nobody: 8:00am On May 07, 2015 |
2 Likes |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by Reference(m): 8:00am On May 07, 2015 |
4Play: Government is never the problem. It is always the people. They ultimately decide what is acceptable and their decisions or indecisions will steer the ship of state. Whether fuel subsidy, economic diversification, excess crude/sovereign wealth or even socio-political issues such as constitutional review, Nigerians are largely irrational and are failing themselves. Of course the new government will borrow. Of course it will rather 'allocate from the centre', of course it will have its own cartels, rent seekers and thieves. These are things government, any government cannot do without. It is onjy the people that can bring about fundamental change on the altar of personal interests in favour of collective, lasting ideals. It is only the people who can agree to liquidate a bankrupt Osun, Imo or Zamfara. It is only the people who will decide if Holy Pilgrimages are an investment or an expense. I wish to warn again about the waste of time and distraction from the 'fundamentals' this anti-corruption ideology is become. I wouldn't go as far as saying that the drum beats of corruption around the outgoing regime coincided with the moves first to reform the oil sector, then reform the country as a whole through 'the Confab'. The truth is I would rather invest in a company with strong fundamentals rather than one that strives not to lose a penny. I am rather worried about how many bridges Julius Berger is building than what the CEO earns or what his CFO steals. Even if every penny this country earns is kept, will it develop this country, no. Can it match our population, no. Will it make us rich, no. Will it build all the infrastructure, no. Especially when oil prices fall. We are a strategically vulnerable country not because of corruption but because Nigerians are not willing to take the risk of communal trust and bear the sacrifices of nationhood. Watch out. We will gain a few dollars here and there as people steal less but the great cover-up, the great deception will remain for another many years. When OBJ said the elections saved us from the brink, I just smiled. Yes, of course. The brink of the truth. 2 Likes 2 Shares |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by PassingShot(m): 8:01am On May 07, 2015 |
barcanista: I do not mind Osun discontinuing the feeding program if the govt feels it's not sustainable. However, the state govt has a right to continue it if it feels it will get out of the present financial mess within a short period without discontinuing the program. I believe the state is looking at many options to get out of the challenges. 3 Likes |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by 4Play(m): 8:01am On May 07, 2015 |
PassingShot: It's quite simple, your party's position is, or was until it became recently inconvenient, that the constitution does not allow for savings. It's not a question of merely sponsoring bills, by the way, nothing stopped your legislators from sponsoring one and I would be obliged if you can refer to one they sponsored.
My position has always been that your party and PDP are both crooks. 2 cheeks of the same bu-tt. If your party is going to recover the money anyway, then there is no need for these hyperbolic claims of economic doom. The reality is that this all smacks of expectations management. |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by Nobody: 8:04am On May 07, 2015 |
Sibrah:God bless you for the bold. The Omoluabi Garment factory will not only create revenue for the state but will open room for employment and cause support firms to spring up. This is what a government should be doing. We should ONLY take to Social program from a certain percentage of our excess revenues just to take care of the under-privileged amongst us, and it should be modelled within the scope of reality. |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by ribbit: 8:07am On May 07, 2015 |
barcanista:the first time I will read something from you without you sounding like a slowpoke. |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by Nobody: 8:08am On May 07, 2015 |
PassingShot:This is what Sibrah wrote on this Osun Feeding stuff... The guy needs to stop free feeding and allowance for un productivity and do more of Omoluabi Garment Factory. He is resisting the urge to stop these religious inclined schemes like feeding. They feel it is more noble to feed people. It is sort of like giving out alms to the 'Mekunus'Please note the emboldened... Rather than spend over N3.4 billion annually to "feed" children while their parents are owed salaries, the government can do the emboldened with 80% of the money. It will not only create lots of jobs, but will attract support firms and increase state revenue. It will invariably support the growth of industrialisation of Osun state and if well managed, it could serve as source for export too. These are what States should be doing to make real money. 1 Like |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by Sibrah: 8:08am On May 07, 2015 |
PassingShot:What happens when recurrent based schemes negate the industrial based schemes? The fact that you have some good plans does not justify some bad plans. |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by Nobody: 8:09am On May 07, 2015 |
ribbit:Am I sounding like a 1 Like |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by Nobody: 8:10am On May 07, 2015 |
See as GEJ and okonjo-nweala dey scatter our economy. This wot happens wen u give women vita positions like finance n petroleum even aviation. I know Buhari wont make dat mistake of surrounding himself with so call educated women |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by Tycike: 8:13am On May 07, 2015 |
Is she saying Nigeria is broke like Greece? |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by Edusouls(m): 8:13am On May 07, 2015 |
Truckpusher:black monkey. |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by 4Play(m): 8:19am On May 07, 2015 |
Reference: They do say people get the governments they deserve. Much of Nigerian political discourse dwells on how the "cake" is to be split, not on how to expand the cake - Should the Government subsidise fuel, should it give ASUU wage rises, should it give doctors wage rises ,e.t.c People forget that you can only squeeze out so much from oil revenues which are in any case volatile as prices can easily fall, as we are now witnessing, leaving the country vulnerable. There is a greath myth that has developed that our problems are solely or largely a corruption problem. That with a "person of integrity" at the helms, we would suddenly possess the means to solve our problems. In many ways, Sanusi's exaggerated $20bn/$49bn claims helped to perpetuate that myth.The reality is a lot more nuanced than that and it would become apparent in the coming years. No doubt many would seek to reconcile their dissapointment in the future by proclaiming that Buhari is actually corrupt or that, as this thread seeks to do, GEJ has stolen all the money. But if there is one benefit of Buhari's incoming administration, it is that it may at last force a genuine reconsideration of what lies at the root of our problems. I remain very pessimistic. 2 Likes |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by Edusouls(m): 8:21am On May 07, 2015 |
clip:jonathan is the most corrupt president in nigerian history after abacha. 2 Likes |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by donodion(m): 8:23am On May 07, 2015 |
I'm in a killing mode for any serving minister under GEJ......starting with those in finance. 1 Like |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by Nobody: 8:25am On May 07, 2015 |
Truckpusher:You must be very very daft and wicked. |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by anonimi: 8:26am On May 07, 2015 |
LocalChamp: Believe this propaganda to make excuses for BabaOneChance at your own risk and peril! The JagbaJantis LIE manufacturing machine is still working at full capacity 1 Like |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by misterh(m): 8:29am On May 07, 2015 |
chuna1985:'Soludo's strict stupidity'?? Lol. Once again, did you read his article? Is there anywhere in the article where he lied? Back to the topic, how come Nigeria is now borrowing to pay salaries? Even after we've been told that we're the biggest economy in Africa. The oil price under this govt was high. How have we fared with the excess revenue? How have the said trains affected the general economic prosperity of the nation? Can you provide the stats? Lol. You say I'm gullible to believe that billions are missing but PWC just proved I'm not with the recent audit. Alison Maduekwe also said something about NNPC remitting funds running into billions into the federation acct. Once again, how has her coming to Nigeria helped develop the country's economy? Have Nigerians benefitted from her coming? 1 Like 1 Share |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by Jesusloveyou: 8:30am On May 07, 2015 |
Truckpusher:is that d reason gej is a curse to nigeria? 1 Like |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by bogolobango(m): 8:33am On May 07, 2015 |
11trillion minus 2 trillion spent on campaign GEJ dairis GOD ooooooo |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by anonimi: 8:35am On May 07, 2015 |
ShaddyTerese: Yes from all these people plus Tinubu, Fashola, Aregbesola etc, not so www.nairaland.com/attachments/2102459_apcteam_png6dc9407cdcc2b68174c445361fc3e4c9 |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by anonimi: 8:37am On May 07, 2015 |
misterh: FYI => FG, States, LGs Share N568.4 Billion for Oct Any further question |
Re: Nigeria’s Economy Under Threat As Debts Hit N11trillion by sosereal201(m): 8:40am On May 07, 2015 |
[quote author=OREMUSSANCTUS post=33495316]Even china america dhe owe debts So nufin so special abt dis news Money was used for developmental projects Only dat u all fail to accept dat he worked very hard for dis country Say no to "change" Say yes to transformation It is obvious that some people are delusional, when we all are crying for the betterment of our dear country, surprisingly we see people who want transformation. Is it transformation from being poor to being poorer? If these kind of people we are talking about find themselves in government they will be worse than the out going thieves. 1 Like |
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