Nigeria Was Not Completely Debt Free In 2007, As Claimed By Atiku Abubakar - Politics (4)

Nigeria Was Not Completely Debt Free In 2007, As Claimed By Atiku Abubakar - Politics (4) - Nairaland

Nairaland Forum › Nairaland General › Politics › Nigeria Was Not Completely Debt Free In 2007, As Claimed By Atiku Abubakar (16258 Views)

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Re: Nigeria Was Not Completely Debt Free In 2007, As Claimed By Atiku Abubakar by helinues: 9:05am On Oct 04, 2020

frankyychiji:

Ogede dudu oya busan...

You are free to play!

Omo irankiran who thinks she can play on our intelligent.

So you did not have any intelligent comments yet you think you can troll us..

She has lived all our lives in the land of people she despite.... Even raised her own kids in the same land... What a pity

If people have been hailing you locally for being Patience Nzokwo, get to know Pete Edochie is also here.

Oniranu

Re: Nigeria Was Not Completely Debt Free In 2007, As Claimed By Atiku Abubakar by Nobody: 9:07am On Oct 04, 2020

And your point is??

martineverest:
they reduced their loanings after cancelling our debt and africans chose to borrow from China ,which isn't Paris club

Re: Nigeria Was Not Completely Debt Free In 2007, As Claimed By Atiku Abubakar by solmus: 9:09am On Oct 04, 2020

Kubernetes:
UAE development was not majorly precedent on external borrowing but on it's oil revenues.This was also unprecedented from it's tourism laws and tax holidays for businesses in the early 2000s.

However,the Persian Gulf War of 1990, in which Dubai as part of the UAE provided military aid to the coalition, unsettled the economy,but in the mid-1990s,it stabilised and many foreign trading communities moved their businesses to Dubai.

Global increases in oil prices allowed Dubai to focus on rapid development of key infrastructure. The success of the Jebel Ali free zone caused the development of clusters of new free zones, including Dubai Internet City(an internet technology area with ownership and tax related benefits), Dubai Media City(a tax-free zone to increase Dubai's presence in the worldwide media) and Dubai Maritime City,which will have many facilities, including waterfronts and harbours.But,in the past decades, Dubai has become known for its successful building projects, including the Burj Al Arab, the world's tallest freestanding hotel and these came from oil revenues.

Hope you do understand Dubai is just a state in UAE out of its 7 states and Abudhabi far outclasses Dubai in just about any infrastructure?!

During Dubai and UAE's development phase they maintained a 20 to 30 % debt to GDP rate, meaning they borrowed and funded projects with loans and paid back with sales of Oil proceed over time

.

Re: Nigeria Was Not Completely Debt Free In 2007, As Claimed By Atiku Abubakar by chamboy(m): 9:23am On Oct 04, 2020

solmus:
Lol . Funniest comments today

Why can't Africans like us develop a good credit system whyyy is it rocket science.. BVN system is working fine, with that credit worthiness can be determined... Is this how we would continue

.

Because an average african has an eurocentric mentality, they would rather buy everything a white\Chinese man makes than what their fellow country man produces, so you see when you give credit you expect the money to be spent on things that will boost our economy but reverse is the case.

Re: Nigeria Was Not Completely Debt Free In 2007, As Claimed By Atiku Abubakar by xtervaganza(m): 9:29am On Oct 04, 2020

Wolgrace:
I just don't know why I find this comment funny.. You are really angry.

every sane person should be very angry. We have an illiterate cow herder leading the country. a man who is not even qualified to lead a school hostel is running the country aground. Not that the opposition is even better. They are just as bad as each other. SARS keeps harrassing the youths. It took the idiot in Lagos 24 hours to see the video of mommy calm down but years and years not one politician has done anything against the police.

Only a break up can save us from this madness

Re: Nigeria Was Not Completely Debt Free In 2007, As Claimed By Atiku Abubakar by Wickedtruths: 9:36am On Oct 04, 2020

Yeyenairaland:
Of course

Because the slaves in the WASTE don't always have a stand

Anywhere Belle face

You this ugly thing that looks like a diseased cat, you better shut up. Useless fan yogo hawker.

1 Like

Re: Nigeria Was Not Completely Debt Free In 2007, As Claimed By Atiku Abubakar by strangest(m): 9:37am On Oct 04, 2020

helinues:
It must be trash cos Judas will always be a saboteur

It's still trash.

The country’s external debt was $3.54 billion and climbed to $3.65 billion in 2007.
The country’s external debt profile continued to rise to $10.72 billion in 2015 Currently, the debt stands at $27 billion as of March 2020 under President Buhari’s administration.

Re: Nigeria Was Not Completely Debt Free In 2007, As Claimed By Atiku Abubakar by frankyychiji: 9:39am On Oct 04, 2020

helinues:
Omo irankiran who thinks she can play on our intelligent.

So you did not have any intelligent comments yet you think you can troll us..

She has lived all our lives in the land of people she ~~despite~~.... Even raised her own kids in the same land... What a pity

If people have been hailing you locally for being Patience Nzokwo, get to know Pete Edochie is also here.

Oniranu

Too low for zero grin

Who annoyed you this morning?

Surely not me , so why take out your frustration on me? It's like your scam blockchain disappointed you. Abeg go where you bathe go collect your sense.
So I should really start doing what to prove what to who? You?

Haba grin

Abeg go chop!

Re: Nigeria Was Not Completely Debt Free In 2007, As Claimed By Atiku Abubakar by dubaiprince: 9:44am On Oct 04, 2020

Blackmann001:
Bro its was cleared to zero...what u quoted was domestic debt.not external.. In a debt buy back ..u try to get d best deal cuz naija really sacrifice, doling out 12billion at a go!

Going by the documents I sighted from the DMO website on the Paris club loan, I noted $6.2billion was what was actually paid. Also, Paris club was not the only source of Nigeria's external debts. So, we may have settled the Paris club loan which was the most significant, but others were not settled.

Re: Nigeria Was Not Completely Debt Free In 2007, As Claimed By Atiku Abubakar by Lovelive: 9:47am On Oct 04, 2020

solmus:

white man goes to the bank to borrow money for his personal development through mortgage loan he pays back in 30 years, student loan for tuition in the best University, Car loan for a new car which he pays for in five years and sell the Tokunbo to Africans while getting another new one, Oyinbo government borrow 100% of their GDP to fix infrastructure and everyone pays back through tax

Black man goes to the bank to deposit and save his own money while banks get richer charging for saving with them (ATM fees, stamp duty, transfer fees), instead of getting a loan to develop, he sees loan as gbese, or haram

At a time UAE was borrowing every where to develop world class infrastructure in Dubai and Abudhabi promising to pay back with Oil and Tourism, Obasanjo, Atiku and Okonjo iweala the world bank spy went to give $12 billion of our money to IMF and World bank, claiming Debt relief, while IMF, world bank simply borrowed other developing countries since we are allergic to building Power Plants and love darkness, since we don't want to build refineries because it's our destiny to cue at fueling stations

.

Re: Nigeria Was Not Completely Debt Free In 2007, As Claimed By Atiku Abubakar by Lovelive: 9:54am On Oct 04, 2020

globalresource:
The APC propagandists have started again ahead of 2023...They have come again

We don't care to know....

My question is....what has Buhari done to lessen the debt burden of Nigeria?

He only thinks of plunging the country into more debt

APC and blame game. This is not fair na.

Re: Nigeria Was Not Completely Debt Free In 2007, As Claimed By Atiku Abubakar by helinues: 10:40am On Oct 04, 2020

frankyychiji:
Too low for zero

Who annoyed you this morning?

Surely not me , so why take out your frustration on me? It's like your scam blockchain disappointed you. Abeg go where you bathe go collect your sense.
So I should really start doing what to prove what to who? You?

Haba
Abeg go chop!

Posoke raja...

Babu intelligent..

Re: Nigeria Was Not Completely Debt Free In 2007, As Claimed By Atiku Abubakar by Daddysidhan: 11:06am On Oct 04, 2020

solmus:

white man goes to the bank to borrow money for his personal development through mortgage loan he pays back in 30 years, student loan for tuition in the best University, Car loan for a new car which he pays for in five years and sell the Tokunbo to Africans while getting another new one, Oyinbo government borrow 100% of their GDP to fix infrastructure and everyone pays back through tax

Black man goes to the bank to deposit and save his own money while banks get richer charging for saving with them (ATM fees, stamp duty, transfer fees), instead of getting a loan to develop, he sees loan as gbese, or haram

At a time UAE was borrowing every where to develop world class infrastructure in Dubai and Abudhabi promising to pay back with Oil and Tourism, Obasanjo, Atiku and Okonjo iweala the world bank spy went to give $12 billion of our money to IMF and World bank, claiming Debt relief, while IMF, world bank simply borrowed other developing countries since we are allergic to building Power Plants and love darkness, since we don't want to build refineries because it's our destiny to cue at fueling stations

.

Reasoning of a northerner, are you saying this because you want to support buhari or this is what your oblongata can process at this point in time? You are insane

Re: Nigeria Was Not Completely Debt Free In 2007, As Claimed By Atiku Abubakar by Yeyenairaland(m): 11:18am On Oct 04, 2020

Wickedtruths:
You this ugly thing that looks like a diseased cat, you better shut up. Useless fan yogo hawker.

I don't always banter with those in the WASTE

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