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Nigeria On The Edge Of Bankruptcy - Punch - Politics (3) - Nairaland

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Debts: Borrowing Will Land Nigeria Into State Of Bankruptcy – Pastor Adeboye / 2020 Budget Is A Budget Of Bankruptcy ― Odilim Enwegbara, Economist / Nigeria On The Verge Of Bankruptcy - Emir Sanusi (2) (3) (4)

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Re: Nigeria On The Edge Of Bankruptcy - Punch by Trueteller0147: 10:02am On Aug 17, 2020
Hypocrite. God will judge us all. So you are playing politics with the future of your kids? I pray you. Buhari and the rest of the polithiefcians has already hustle for themselves and generation unborn
Benwallt:
Keep on wailing. A lot of us that are hard working are seeing the slow and gradual emergence of a New Nigeria of our dream. If past government had rule this way imagine were we would be in terms of development. Buhari continue. If I have the power I will give you another 4yrs to consolidate on the humongous developmental projects across Nigeria.
Re: Nigeria On The Edge Of Bankruptcy - Punch by Olutola90: 10:02am On Aug 17, 2020
Iyanu ah sele
Re: Nigeria On The Edge Of Bankruptcy - Punch by SmartPolician: 10:03am On Aug 17, 2020
The best thing that will happen to this country is to collapse so we can break up peacefully

What we are building is not a nation

This country neither has a direction nor future plans

3 Likes

Re: Nigeria On The Edge Of Bankruptcy - Punch by ArcSEMPECJ(m): 10:04am On Aug 17, 2020
Openbusiness:
This post is hate speech. B kiafu before dey bill u N5m grin complaining is not allowed under Zoohari regime grin complaining about bad governance is the worst crime under Zoohari regime. Even terrorists can be pardoned, taken care of and set free, but a complainer of bad governance will be jailed like Sowore grin

I smell hate speech here,...

Meanwhile you forgot to add cows to the list of pardoned and most highly ranked citizens.....

Be guided properly next time angry angry
Re: Nigeria On The Edge Of Bankruptcy - Punch by Wiseandtrue(f): 10:06am On Aug 17, 2020
nairalandankrah:


The implication is that we spent N2.64tn which we have not earned.

https://punchng.com/nigeria-is-on-the-edge-of-bankruptcy/
What's the essence of closing the border

The shout about diversification

Then Amaechi anthem on how Nigeria has moved away from consuming economy to manufacturing economy abi na company cheesy cheesy grin grin grin

So Nigerians are going through hardship for nothing

SMH
Re: Nigeria On The Edge Of Bankruptcy - Punch by ensamy(m): 10:07am On Aug 17, 2020
hmohammed:
All yamurins have turned finance experts all of a sudden. Bringer of bad news everywhere. If there father no fit shit, they will report on nairaland. Mad people
A mad man always thinks every other person is MAD. grin grin grin grin

1 Like

Re: Nigeria On The Edge Of Bankruptcy - Punch by winterfell007(m): 10:13am On Aug 17, 2020
EVILFOREST:
ABACHA is always there to help out.
NIGERIA can't go bankrupt when we have the likes of ABACHA who sends us Alerts without Interests from the Infinite World.
I believe his Alerts will be sustained till we get to 2050, then.....

Afterwards, BABANGIDA'S ALERTS will be uploaded immediately .......
That one may last till eternity.
grin grin guy if you see the way I'm bursting laugh inside BRT after reading this comment. Lol!! The people in the bus are thinking I'm going nuts
Re: Nigeria On The Edge Of Bankruptcy - Punch by bigiyaro(m): 10:16am On Aug 17, 2020
Good.... anything that will correct this British mistake is welcomed.
Re: Nigeria On The Edge Of Bankruptcy - Punch by BigBashiru: 10:17am On Aug 17, 2020
Tianamen1:



All the Nigerian government has to do to pay back its debt is to devalue the Naira to about 2000 Naira. this would provide a surplus of dollars to make debt repayments. this will however lead to massive increases in poverty of Nigerians similar to what occurred in the 80's. will there be anarchy? depends on how the Nigerian population likes suffering and smiling.


It is well o jare.

Nigerian citizens love to take out their frustrations on other Nigerians - with increased hardships, Nigerians will start using themselves for rituals.

2 Likes

Re: Nigeria On The Edge Of Bankruptcy - Punch by babytoun: 10:19am On Aug 17, 2020
techmo:
Debt to GDP ratio is 26%

What sort of dooms day economist is this

oga are you talking of local and foreign debts combined our only foreign? our major headache is with local debts
Re: Nigeria On The Edge Of Bankruptcy - Punch by CodeTemplar: 10:19am On Aug 17, 2020
They have mismanaged economy and are going after church finances. Jihadocracy.

1 Like

Re: Nigeria On The Edge Of Bankruptcy - Punch by manunitedbabes: 10:20am On Aug 17, 2020
Before Nko?

Re: Nigeria On The Edge Of Bankruptcy - Punch by Ventura1: 10:20am On Aug 17, 2020
Yet, some people frown when Sowore called for a Revolution, which is obviously in the offing.
Re: Nigeria On The Edge Of Bankruptcy - Punch by billgabb(m): 10:21am On Aug 17, 2020
DominusPrime:
Forget this country and fight for your pocket

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If you think you'll get these profits and still lose them due to the nature of forex, let me prove otherwise. Just chat me up.

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I'm interested.
Re: Nigeria On The Edge Of Bankruptcy - Punch by seguno2: 10:21am On Aug 17, 2020
techmo:
Debt to GDP ratio is 26%

What sort of dooms day economist is this

What is the debt to revenue ratio?
And the prospect of increased revenue, without oil

5 Likes 1 Share

Re: Nigeria On The Edge Of Bankruptcy - Punch by LZAA: 10:22am On Aug 17, 2020
Ceegar01:
I think Buhari is trying his best just that he inherited governance from an incompetent otuoke man who messed this country up with his gang of thieves
Una no dy tire ne?
5 years going on 6 una still dy call GEJ
Singapore cleaned up within that time
Same as south korea
Obama cleaned up the states debt within that period
This is not 2015
Re: Nigeria On The Edge Of Bankruptcy - Punch by Kei144(m): 10:22am On Aug 17, 2020
That is why every now and then the Vice President continues talking about aids to SMEs, private schools, households, etc. Months continue to pass and nothing happens. If not that Nigerians are used to extreme hardship, suicide would have been the order of the day. Always audio and never video!

1 Like

Re: Nigeria On The Edge Of Bankruptcy - Punch by Openbusiness: 10:24am On Aug 17, 2020
ArcSEMPECJ:


I smell hate speech here,...

Meanwhile you forgot to add cows to the list of pardoned and most highly ranked citizens.....

Be guided properly next time angry angry
sorry sir. I forgot we are under a Cowocracy regime where cows have red passport and killer Fulani herdsmen have federal license to kill anybody they like without getting arrested. I neva chop dis mawin daz y. Am sorry sir. sad

1 Like

Re: Nigeria On The Edge Of Bankruptcy - Punch by olaric(m): 10:26am On Aug 17, 2020
Fantasticcc:
angry So bad,we predicted it but children of hate from the waste side voted for this disaster now we are all suffering.

You predicted it, but couldn't predict when precisely you will come out of poverty.

Since the Yorubas are your biggest nightmares, you may never recover from torture and depression because of your tribalistic nature.
Re: Nigeria On The Edge Of Bankruptcy - Punch by nkiliuzo(m): 10:26am On Aug 17, 2020
we have been hearing this for how many years now, abeg tell you new something jare.
Re: Nigeria On The Edge Of Bankruptcy - Punch by Realadey(m): 10:26am On Aug 17, 2020
It is quite unfortunate,this is the position we have met ourselves.
The bad people at the corridor of power did this to us and the citizens too aren't helping matters,what a wasteful country we are in.
Re: Nigeria On The Edge Of Bankruptcy - Punch by CheGuevara101(m): 10:29am On Aug 17, 2020
techmo:
Debt to GDP ratio is 26%

What sort of dooms day economist is this

Ignorance, illiteracy, hate and bigotry is your biggest problem.

1 Like

Re: Nigeria On The Edge Of Bankruptcy - Punch by Jack14(m): 10:30am On Aug 17, 2020
No wonder government wan monitor affairs of churches
Re: Nigeria On The Edge Of Bankruptcy - Punch by WHITELIGHTER: 10:33am On Aug 17, 2020
Ceegar01:
I think Buhari is trying his best just that he inherited governance from an incompetent otuoke man who messed this country up with his gang of thieves

You are just too dull and you know it. Don't allow ur kids to see this trash you just wrote

1 Like

Re: Nigeria On The Edge Of Bankruptcy - Punch by CodeTemplar: 10:33am On Aug 17, 2020
Ceegar01:
I think Buhari is trying his best just that he inherited governance from an incompetent otuoke man who messed this country up with his gang of thieves
Buhari is just as clueless as that guy. He is even worse when you consider his tendency to grab n share resources to his people.
He thinks oil prices will automatically bounce to a level he will just be signing checks for looting-inclined cronies to execute their inflated projects.

1 Like

Re: Nigeria On The Edge Of Bankruptcy - Punch by Acidosis(m): 10:33am On Aug 17, 2020
So what are you going to do about that asides writing the same articles we have been writing and reading since the military regime?
Re: Nigeria On The Edge Of Bankruptcy - Punch by patani(m): 10:34am On Aug 17, 2020
Fantasticcc:
angry So bad,we predicted it but children of hate from the waste side voted for this disaster now we are all suffering.

Its not who voted who...Nigeria has always relied on a volatile commodity (oil)..Your savior Jonathan did worse and was only luccky he wasnt there when the oil price collapsed..In fact he was there during the highest oil price boom in history and didn't save a penny to save us from this impending issue.

Learn basic economy before u spill trash
Re: Nigeria On The Edge Of Bankruptcy - Punch by Elsueno: 10:36am On Aug 17, 2020
undecided

Please shut up, You think this article will stop them from siphoning public funds.

Only the youths and voters have that power in the human realm
Re: Nigeria On The Edge Of Bankruptcy - Punch by techmo(m): 10:37am On Aug 17, 2020
CheGuevara101:


Ignorance, illiteracy, hate and bigotry is your biggest problem.


Honestly I forgive your naivity on the issue of credit system

You have never stepped in a country where everything works on credit and you are accessed based on your credit worthiness, with your phone been contract phone, cars on car loan and a mortgage facility for your home

You come from a background that see loans as "gbese"


.

1 Like

Re: Nigeria On The Edge Of Bankruptcy - Punch by NkemChukwudi: 10:40am On Aug 17, 2020
udoka2013:
Una never see anything. There is fire on the mountain. Vote wisely una refused. Only God will help us.

Vote wisely for whom? PDP abi? Foolishness x2.

We have a serious systemic problem. We are rotten from head to toe, and it is impossible to find righteousness in this ‘hell on earth’ society that we have created for ourselves.

We have no self control.
Re: Nigeria On The Edge Of Bankruptcy - Punch by hmohammed(m): 10:43am On Aug 17, 2020
ensamy:

A mad man always thinks every other person is MAD. grin grin grin grin

You must be from that region. Bunch of unreasonable people. Always wanting to be at the top. Oga, you are on a long ride because after we are done, we are passing the baton to the Yorubas. Thats like 12 years in total before we may consider you goats. Better get it into your thick skull.

1 Like

Re: Nigeria On The Edge Of Bankruptcy - Punch by techmo(m): 10:43am On Aug 17, 2020
seguno2:


What is the debt to revenue ratio?
And the prospect of increased revenue, without oil

Well according to our GDP we over around 350 to 400 billion USD, even with corona this year we are doing 250 billion, and since our GDP is 60 oil based a picture of our revenue is clear

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