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Nairaland Forum / Nairaland / General / Politics / Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari (18620 Views)
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Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by Omooba77: 9:51am On Dec 05, 2019 |
National chairman of the Peoples Redemption Party (PRP), Falalu Bello has raised the alarm that the country’s debt profile has skyrocketed from $10bn when President Buhari took over in 2015 to $84bn. Bello who was at different times the managing director of Unity, Habib and Intercity banks, while speaking during a media dialogue in Abuja, urged the National Assembly not to approve the $29.9bn loan request of President Buhari before it. https://www.dailytrust.com.ng/from-10bn-nigeria-debt-profile-now-84bn-under-buhari-falalu-bello.html 11 Likes 1 Share
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Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by opportunes: 9:54am On Dec 05, 2019 |
Nigeria is going down everyday because of borrowing and corruption 88 Likes 7 Shares |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by Nobody: 9:58am On Dec 05, 2019 |
Igbo presidency will stabilize Nigeria and transform this country to a first world country. If you doubt me check the list below. List of Nnewi Billionaires and their Chieftency titles Bill Gates - eze ndi eze 1 of Microsoft Jeff Bezos - eze ego 1 of Amazon Mark Zuckerberg- eze ihe ọmụma 1 of Facebook Other notable mentions Cletus Ibetu Cosmas Maduka Innocent Chukwuma Ifeanyi Ubah We the people hereby declare that any step taken to hunt one of US WILL BE MET WITH STIFF OPPOSITION. WE WILL WITHDRAW OUR INVESTMENTS AND LEAVE THE UNITED COUNTRY OF YANKEE underdeveloped like we met it and come and develop the zoo. signed freehuman. *************** Below for those who think I'm dumb. Una father. ************************ Sovereign debt which is also synonymous to national or public debt isn't in itself a bad thing. It is a very convenient way of securing funds for infrastructural and human capital development by any country in the world. I have read several journals where world class researchers investigated the American economy and opined that the US may never repay their public debt completely. With public debt a country is always likely going to suffer deficit at the end of a fiscal year but if the debt is utilized effectively the country would be at advantage both in the long and short run. Infact a country like Nigeria which had almost been destroyed by consecutive decades of looting cannot sustain its projects with proceeds of its almost singular export product (petroleum) and taxes. Taxation is not even an option and the public outcry during hike of some government levies is evident of that fact. Also, prices of different variants of crude oil in the international market had depreciated four years into this decade that is almost coming to an end. This means that seeking funds from external sources becomes almost inevitable if the government must even attempt to fulfill half of its promises. At this stage of our metamorphosis as a nation we should be concerned with if the debt incurred is used to improve the standard of living of every Nigerian or half of it is used to run the Nigerian government which seems to be one of the most expensive governments in the 21st century. 30 Likes 5 Shares |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by SultanOfPuna: 9:58am On Dec 05, 2019 |
Bugarri Spent $70 billon In Fighting Corruption 44 Likes 5 Shares |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by tofolo(m): 9:59am On Dec 05, 2019 |
Nigeria I hail. 66 Likes 5 Shares
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Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by TeGuQ: 9:59am On Dec 05, 2019 |
This is nigeria 3 Likes 1 Share |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by Nobody: 9:59am On Dec 05, 2019 |
If you voted Buhari and come here to complain, God go punish you. 97 Likes 5 Shares
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Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by Afolabimills(m): 9:59am On Dec 05, 2019 |
Useless govt n some useless fools supporting it 20 Likes 1 Share |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by Jikce: 9:59am On Dec 05, 2019 |
Abeg dem for sell the country for black Friday 20 Likes 2 Shares |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by colorsofrainbow: 10:00am On Dec 05, 2019 |
So if Nigeria finally disintegrates,how will Nigeria pay back this huge debt?? I'm just asking... 18 Likes 1 Share |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by ASPchris(m): 10:00am On Dec 05, 2019 |
Nawaah, This change is real, lol 1 Like 1 Share |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by dallyemmy: 10:00am On Dec 05, 2019 |
That is interesting! |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by BabaCommander: 10:00am On Dec 05, 2019 |
So Bubu has chopped $74 billions.. No wonder him de fresh while Osibande dey old. Nobody chop life pass Bubu. 42 Likes 2 Shares |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by ursullalinda(f): 10:00am On Dec 05, 2019 |
Yet people are claiming our economy is waxing stronger and Bubu is the best thing to have happened to us after slice bread..... let's get ready for next level 13 Likes 2 Shares |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by GeoAfrikana(m): 10:00am On Dec 05, 2019 |
Yet another manifesto. If you know you know. 1 Like |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by H2ho(m): 10:00am On Dec 05, 2019 |
gamble 1 Like 1 Share |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by Marvieduke(f): 10:01am On Dec 05, 2019 |
Walahi ati je gbese. That is to say Nigerians as whole are debtors, chaiiiiii e pain me shaa 2 Likes |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by naijadrivablog: 10:01am On Dec 05, 2019 |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by teekay213(m): 10:01am On Dec 05, 2019 |
Can this bubu just drop dead And he wants to borrow another billions of dollars which is now under the Senate to sign. At least we know PDP lavish money and we all can see how senators and PDP politician spent money But APC we no see any development, no project, money is not in circulation. Where dem dey put the money 18 Likes |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by Nnamebuka: 10:01am On Dec 05, 2019 |
gh 27 Likes 1 Share
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Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by PassingShot(m): 10:01am On Dec 05, 2019 |
Liars. 5 Likes 1 Share |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by sotall(m): 10:02am On Dec 05, 2019 |
Just imagine how a Government claiming change has become a rogue Government. APC scam is the biggest of the century 14 Likes |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by Finnese001: 10:02am On Dec 05, 2019 |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by Nobody: 10:02am On Dec 05, 2019 |
America is oweing $23t what is a common $28b? Something Bill Gates uses to drink coffee in the morning...abegi borrow dollar let's chop and quench for we know not what tomorrow may bring. 5 Likes 2 Shares |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by lastempero: 10:02am On Dec 05, 2019 |
When jihadist are on the prowl. 5 Likes 1 Share |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by cRobo: 10:02am On Dec 05, 2019 |
Nigeria future generation will pay for this mismanagement of this generation And it ought not to be so No foundation for future generation Very bad 1 Like |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by PassingShot(m): 10:02am On Dec 05, 2019 |
Afolabimills:Go educate yourself about the debt portfolio and what each government borrowed. https://twitter.com/AjuriNgelale/status/1191399229064929280 6 Likes 3 Shares |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by wesley80(m): 10:02am On Dec 05, 2019 |
Educated Illiterate. 4 Likes 1 Share |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by chinavs9ja(m): 10:02am On Dec 05, 2019 |
God will judge you people...when his judgment comes, none will be spared including the ass lickers... Check my signature |
Re: Falalu Bello: From $10bn, Nigeria Debt Profile Now $84bn Under Buhari by SamOyovwi: 10:03am On Dec 05, 2019 |
God help us |
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