rusher14:

RexTramadol1:




Let's come to 2019

rusher14:


Ok.

What is the problem?

RexTramadol1:




Alright.




Tell us the debt profile

post=85339405:


To the enemies of Nigeria........

Louisananda7:
baba buhari better pass this man.

post=85339405:


To the enemies of Nigeria........

ohameakpu:
External debt at $27b and domestic debt at $56b is crazy. With intention to still borrow $30b.

The problem is not collecting debt cos every country needs it to grow but our Challenge is Revenue. Most of these loans would still end up in peoples pockets.

My concern is not that Obj miss quoted the figure, but how do we intend to pay them.

GEJDHERO:
My friend Zombie Google is your friend ooo.Nigerias external debt is $81.2bn about N24.5 trillion

amc:


Olodo. You obviously don't know the difference between external and domestic loans. What a waste.

ibechris:
Any sane person here arguing with these Buhari followers will soon look like a fool.

Buhari followers don't like reading facts,they are as dumb as the same Buhari.

In one of Amaechi's leaked videos,he said Buhari just signed anything on his table,does he even read.

So,leave these element of backwardness to their fate.

GEJDHERO:
You are the Olodo here. Google it b4 u start sphewing rubbish.

Wiseandtrue:

Old age Someone who went through alot to cancel the previous debts

The message is not about the accuracy of the figure, it's about the debt profile which could lead YOU and your future unborn generation into perpetual bankruptcy.

Get that into your skull and

weyreypey:


Was OBJ talking about June? Don't be useless.

amc:


The DMO is the authority on our debt profile. And the last published debt profile was in October, which would be for the period up to June 30.

You need to go back and educate yourself all over again. You wasted money the first time even though iot is obvious you bought your certificate .

BigTosine:
Ebora owu got it right are states not part of the Nigeria federation? If you sum up figures together our debt is around $83B. PMB and APC have borrowed the future of our future generations.

amc:


If that is what he mean to say, then he should have said our debt in 2015 was $63.81bn, not $10.32bn. So he got the figures wrong, however you people want to spin it.

In summary, our debt profile at the end of June 2015 was $63.81bn and our debt at the end of June 2019 was $81.2bn

bindukwe:
The figure quoted might be wrong but the warning he gave is fair.

Its common sense not to use debts to service other debts.
You will be accruing unreasonable interests.

Isolating his mistake seems like an agenda on your part to make the warning look out of place.

I could be wrong, but its hard not to come to that conclusion.

amc:


A look at the World's 20 Biggest Debtor Nations should tell you debt is not a bad thing. It is what you use the loan for that matters. The aim should be to increase revenue and GDP, with serious infrastructural development. Something we never did with all the money we borrowed in the past.

OBJ's "warning" smacks of sensationalism and that is his agenda. He knows what he is doing and the original article was only pointing out his error. I am sure he is sitting somewhere smiling and fully satisfied with the result of his "error".

Now, you cant expect us to sit back and watch people believe and continue to repeat the lie even after it has been pointed out to them. It is more dangerous to ignore the lies.

amc:


Even if you swallow it, you still wont get it. I even doubt you know how to use google. Olodo.

But let me help your lazy ass since you refuse to get knowledge.

GEJDHERO:
Olodo kobo kobo .... just like your Master Buhari.See what am talking about below
Nigeria's debt profile rises to $81.27 billion in the first quarter of 2019


Nigeria's debt profile rose by 2.3% to $81.27 billion (N24.947 trillion) as at March 2019, according to the Debt Management Office (DMO) data seen by Business Insider SSA.

In its Q1 public data report released on Wednesday, the Debt Management Office said the figure represents N560 billion increase in the total public debt from $79.437 billion recorded in December 2018.

According to the DMO, domestic debt recorded N458.363 billion increase across federal, states and federal capital territory while external debt increased by N101.6 billion during the same period.

Patience Oniha, Director-general, Debt Management Office (DMO), reiterated that the “total public debt to GDP ratio stands at 19.03% which is within the 25% debt limit imposed by the government.”

Foreign Debt level

FGN + States & FCT only - $25.61 billion
Domestic debt level

FG debt level - $42.72 billion
State and FCT - $12.94 billion
Source: Pulse Nigeria
#DEBT MANAGEMENT OFFICE #NIGERIA'S DEBT PROFILE #NIGERIA'S DEBT IN 2019

ajl:


When you throw numbers around without presenting the details people get confused. Often when one talk of Nigeria debt stock they often think of only total external debt, not both external and domestic. It's good you showed the table that states each debt category.

The question is what was Nigeria debt profile before Jonathan became president (April 2011). One can the compare to the debt stock at June 2015 and the current number. I actually have the numbers but will have look for the Excel file. I use to download the data from website of the debt mgt office. I will look for it and the chart, and will post here.

amc:


Olodo. The coin has finally dropped. Why did it take you so long?

All you needed to do was visit the DMO website and you will see that General Obasanjo, just like you did not understand simple figures. See below for a concise summary of your copy and paste grammar.

https://www.dmo.gov.ng/

GEJDHERO:
Olodo Kobo Kobo the bottomline is that Nigerias external debt is about N24.5 trillion . Buhari has finished this country.