Yes you’re correct, the zombies should solely be blamed for handing power to the begging dullardihio

At least you agree that hes one of the pple to be blamed...a cause of the failure!!

sterlingD:

I was going to say about something like this

Haha.. No be lies
You're welcome

Blame game has started again. The debts between 2015 and now!

What kind of weed do they take in that villa self or is it that it is a curse to be in government

Nigeria will always be indebted with no meaningful impact on its citizens..

One of the things I'm sure of is that NIGERIA WILL NEVER BE GOOD! STAGNATION WILL ALWAYS BE AHEAD OF NIGERIA.. STAGNATION, POVERTY AND SUFFERING WILL SURELY BE WITH THAT CREATION OF THE DEVIL CALLED NIGERIA.. I LOVE IT WHEN I HEAR BAD NEWS COMING OUT FROM THAT ZOO...

The Sun will surely RISE in my lifetime!

Temple1288:
Nigeria will always be indebted with no meaningful impact on its citizens..

One of the things I'm sure of is that NIGERIA WILL NEVER BE GOOD! STAGNATION WILL ALWAYS BE AHEAD OF NIGERIA.. I LOVE IT WHEN I HEAR BAD NEWS COMING OUT FROM THAT ZOO...

The Sun will surely RISE in my lifetime!

[b][/b]




Contradiction

Yes only him can not be blame, you can put all the blame on me

That s not what should come out of your stinking mouth.

Haas he made any efforts to reduce the debt or make better investment decisions with the more debt he has taken? Thats what you should be explaining.

Which kind of thoroughly washed out leaders does Nigeria really have?

Amidst growing criticism of the country’s debt profile, the Minister of Information and Culture, Alhaji Lai Mohammed, said on Monday the regime of the President, Major General Muhammadu Buhari (retd.), alone could not be blamed for the country’s debt stock.

He said the debt stock was “a cumulative figure of borrowings by successive governments over many years”.

Speaking at a media briefing to present the Buhari government’s major achievements, Mohammed, however, said there was yet no cause for alarm over the country’s $83bn (about N25.5tn) debt.

According to him, the country still operates within its debt ceiling of 25 per cent in the total public debt stock to Gross Domestic Product.

Former President Olusegun Obasanjo, who headed one of the previous governments (1999 – 2007) that the minister referred to, on Friday joined prominent citizens, economists and organisations, including the World Bank and the International Monetary Fund to warn Nigeria against its rising debt profile.

Obasanjo, who was a keynote speaker at the ‘Why I am Alive’ campaign in Lagos, said Nigeria risked impending bankruptcy over debt accumulation by the government.

He said things might get worse economically as Nigeria and other African countries kept piling up debts, saying he was worried future generations who would have to pay such loans.

The candidate of the Peoples Democratic Party for the 2019 presidential election, Alhaji Atiku Abubakar, had also said the Buhari administration had taken more loans in the last three years.
But the minister justified the borrowing, saying no government would sit by and do nothing in the face of massive infrastructural decay.

He said, “Recently, there have been concerns in certain circles about the country’s growing debt, both domestic and external. In the process, there have been some misrepresentations and scaremongering. We, therefore, believe it is important to put things in the right perspective, so our citizens will be well informed.

The public debt stock is actually a cumulative figure of borrowings by successive governments over many years. It is therefore not appropriate to attribute the public debt stock to one administration.

“Nigeria’s total public debt stock in 2015 was $63.80bn, comprising $10.31bn of external debt and $53.49bn domestic debt. By June 2019, the total debt stock was $83.883bn, made up of $27.163bn of external debt and $56.720bn domestic debt. It is therefore not correct to say that Nigeria’s external debt alone is $81.274bn.

There is yet no cause for alarm. This is because Nigeria has a debt ceiling of 25 per cent in the total public debt stock to Gross Domestic Product (Debt/GDP), which it has operated within. The ratio for December 31, 2018 and June 30, 2019 were 19.09 per cent and 18.99 per cent, respectively.”
He noted that the debt service to revenue ratio had however been higher than desirable, which informed the push by the government to diversify the economy and increase oil and non-oil revenues significantly.
He said the government was also widening its tax base to capture more tax-paying citizens.

Mohammed added, “In the face of massive infrastructural decay, no responsible government will sit by and do nothing. This administration’s borrowing, therefore, is aimed at revamping our infrastructure, including roads, bridges, railways, waterways and power, to help unleash the potential of the nation’s economy. The loans for the educational sector will contribute to the development of our human capital while the loans for the agricultural sector will help the move to diversify the economy.”

Meanwhile, the minister also stated that the Federal Government had succeeded in reducing the cost of governance and the rate of corruption in the country with the aid of the different policies put in place during the course of the year.

Source: https://punchng.com/buhari-alone-cant-be-blamed-for-nigerias-debt-fg/

BUHARI MADE THINGS MORE WORSE.

He lack good technocrat in government and he is a fulani jihadist who hate bringing development to the southern part of Nigeria.

He recovered money from corrupt politicians and he misappropriated the money.

He went to China and borrowed money to fix the railway he drag the country into more worse financial predicament.

He appointed 90 % of his northerner kinsmen and women in lucrative position in violation of the federal character.

Most of Buhari 's northern appointee lack the professional skills to handle their jobs.

He closed the border lately making Nigeria incapacited to trade freely and effectively with ECOWAS countries. All in the name of WE MUST GROW OUR RICE AND EAT OUR OWN FOOD.

TODAY, ALL THE SEAPORTS IN THE SOUTHERN PART OF NIGERIA IS NOT WORKING apart from Apapa port in Lagos

Buhari did not develop infrastructures left behind by the past PDP government.

Racoon:
Blame game since 2015.So who have been involved in reckless borrowing and indiscriminate taxation to shore up revenues in order to fund the budget despite the claims of of phantoms revenue generation by govt agencies? Idiot!

Reckless and indiscriminate taxation? . Go and live in the US or Europe . You will know taxation. This my country- people are just not serious. The average citizen of developed countries pays 60%taxes. 30% of the taxes are hidden and built into services.

Here government is even subsidizing petroleum for you and you are still talking.

@ least he shares part of the blame.

Very true..An individual shouldn't be blamed for the woes of a county that doesn't know its left from its right.We all should be blamed coz we are all culpable.

obembet:


Source: https://punchng.com/buhari-alone-cant-be-blamed-for-nigerias-debt-fg/

Rubbish lies, who should now be blamed, Nigerians?
You must be a fool liar from hell

evergreen9:
Admitting we are in debt, wow finally.......telling the truth feel so refreshing, doesn't it?

Has anyone anywhere ever said Nigeria wasnt in debt?

Racoon:
Blame game since 2015.So who have been involved in reckless borrowing and indiscriminate taxation to shore up revenues in order to fund the budget despite the claims of of phantoms revenue generation by govt agencies? Idiot!

Are you actually blaming a leader who borrowed a 3rd of what his predecessor did as being reckless?

So, instead of looking for how to reduce the burden you now want to raise the burden to a record USD100 Billion!!

This man sha!

My questions are who go pay? Is it we Nigerians? Paying for what we did not see or Enjoy

Dee60:

So, instead of looking for how to reduce the burden you now want to raise the burden to a record USD100 Billion!!

This man sha!

Reduce the debt burden how?

Please give ideas.

Nigerians would love to hear from economic geniuses .

wink2015:


BUHARI MADE THINGS WORSE.

He recovered money from corrupt politicians and he misappropriated the money.

He went to China and borrowed money to fix the railway he drag the country into more worse financial predicament.

He appointed 90 % of his northerner kinsmen and women in lucrative position in violation of the federal character.

He closed the border lately making Nigeria to trade effectively with ECOWAS countries.

When the railways start working shey you will shut up?

Since we know Buhari has not violated the federal character rule if you calculate it state by state shey you will bury your head in shame?.

Since local farmers and manufacturers have started developing scale economics and making profit whet you will keep quiet?

where the the barbeque seller? you wont see him in such threads....

PDP are Nigeria’s biggest problem. Always spreading falsehood

Lee29:
APC/Buhari are addicted to borrowing. Their destiny is to subject future generations to debt, while themselves live in opulence.

Debt is the destiny of APC. It didn't start today

Aregbesola and Fayemi put their states to debts that will take many years to repay


APC are like US Democrats; socialist liars

Over 75% of Nigeria's current debt was actually borrowed by PDP even before PMB won that election in 2015. I'm sure you and many others arent aware of this FACT. If you were, you wouldnt have made the above statement placing the entire debt blame on the laps of APC. These figures are freely accessible to the reading public in the DMO website.

Okuda:
where the the barbeque seller? you wont see him in such threads....

He has a day job. Not like the criminals in PDP

Y'all should keep borrowing to loot and steal... Just keep it up!!! One day, the creditors will call in every dime...

We shall all stand around the ashes of a once wealthy, independent, and great nation. Except, it won't burn alone... Every single one of you, including those that supported and overlooked your obvious failings, will burn too!!!

Afonjas have finished us .

Just for 2023

Rem22:
Bulk of the blames should be passed to Obj & Gej. You borrowed money for infrastructure and it's later landed in private pockets.That's bad

You have lost your mind.

prinsam30:
they av started again with their blame game

When someone asks you why you aren't wealthy you would resort to insults.

obembet:


Source: https://punchng.com/buhari-alone-cant-be-blamed-for-nigerias-debt-fg/

“Nigeria’s total public debt stock in 2015 was $63.80bn, comprising $10.31bn of external debt and $53.49bn domestic debt. By June 2019, the total debt stock was $83.883bn, made up of $27.163bn of external debt and $56.720bn domestic debt. It is therefore not correct to say that Nigeria’s external debt alone is $81.274bn.

With all this borowing where are the recovered loot?

obailala:
PDP actually borrowed over 75% of Nigeria's current debt so I wonder how you blame apc for borrowing. The figures are freely accessible to the reading public in the DMO website.

So what happened to the TSA and all the trillions
What happened to FIRS
what happened to all the billions customs made
So all na washing and setting
All the gas sales
All the royalties
All the recovered loots
All the blocking of leakage

Lass lass there is no pdp nor apc in debts repayment.
Abi u have special market where u buy ur own pepper as an apc member while pdp members buy their own at a higher price
Soon u will have sense

slimfit1:


You have lost your mind.

Why not explain?