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Nairaland Forum / Nairaland / General / Politics / CBN: Rising Debt Servicing Cost Can Impede Growth (9016 Views)
2022 Budget: Reps Fear Economy Collapse, Says Debt Servicing Too High / Debt Servicing Cost Rises To N2.9tn, Gulps 74% Of Revenue - FG / SEC: Nigeria’s Rising Debt Servicing Is An Economic Threat (2) (3) (4)
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by Denique(f): 6:36am On Nov 06, 2020 |
Rising Debt Servicing Cost Fixed |
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by Uwa11(m): 6:37am On Nov 06, 2020 |
Racoon:God pls come to our help, me my self a so afraid of 9ja's tomorrow, the way things are going |
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by Brushstrokes20: 6:42am On Nov 06, 2020 |
Say it loud to your redundant coupist of a boss! |
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by reiddecuti: 6:43am On Nov 06, 2020 |
Money I never seen or taste nor see it working for me. This will serve as a good good lesson to Nigerians when electing their leaders. |
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by TAYO124: 6:45am On Nov 06, 2020 |
There is no growth for Nigeria as a nation without genuine restructuring. Till then she will continue to borrow to safe face. |
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by damilola4162(m): 6:47am On Nov 06, 2020 |
Racoon: God Bless you, you said it all..... |
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by shadeyinka(m): 7:06am On Nov 06, 2020 |
Zetty177x:Unfortunately, both the CBN governor and the Minister of Finance can only tow the ropes of the President. They do whatever the President tells them to do. The President says we need more money, it's their job to find it at all cost! 1 Like |
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by desolvay: 7:16am On Nov 06, 2020 |
It has been established that Nigeria is a country where you see that something is totally wrong and we still partner to it, why is the CBN telling us now rather than the blunt government that appointed you into the office when you the economic effects in our country. Please what you don't want, you don't watch, what you don't confront have a right to remain by Bishop David. O. Oyedepo |
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by Xzellentgraphic: 7:16am On Nov 06, 2020 |
ecclize:Tinubu winning...might be in the next generation not this current one |
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by hush15: 7:35am On Nov 06, 2020 |
Racoon:Imagine.... E don dey too much for you to handle abi. |
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by ecclize: 7:45am On Nov 06, 2020 |
seguno2: bro stop motivating urself... democracy is a game of number... if u don't have the numbers... u don't have the power. the problem is not just the leader alone... most of the citizens are also, corruption... I won't engage myself in a futile endeavour... abi no be this country we gather dey since 1999?... even people who tried to shake up things are tagged imposters, opportunist and selfish. if we gather ready we go know... we need no to prophet to tell us that. bro if u tag me unserious na ur opinion.. it doesn't remove a strand of hair on my body. and if u are serious am ready to learn tell me something I don't know and if u are correct i go follow join you. peace |
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by Reference(m): 7:47am On Nov 06, 2020 |
Lovely. |
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by 400billionman: 8:26am On Nov 06, 2020 |
In order words, the Nigerian government is no longer credit worthy. I will rather farm than lend to FG. |
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by 400billionman: 8:31am On Nov 06, 2020 |
Racoon: What we have at hand are people with zero sense of economic management. If a rail requires $2bn to construct, they go cap in hand to borrow $2bn. When there are many wasting assets in the country that can be converted. And they are inflated figures. What is Nigeria's business with non functional refineries ? When there are people who can buy them up and reconfigure them. What is Ajaokuta steel contributing to the national economy ? I detest mumuism in governance. |
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by Agbegbaorogboye: 8:33am On Nov 06, 2020 |
I thought zombies said we're borrowing to fund infrastructure and everyone does it. The place wey zombies dey drive Nigeria go, na only dem know. |
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by Agbegbaorogboye: 8:44am On Nov 06, 2020 |
PhiliptheArab:Which subsidy again |
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by Kirchoffs: 8:49am On Nov 06, 2020 |
It's goona be a long ride......We still have two more solid years of suffering to endure. 5000 naira is just like 1000 naira now To the BMC Zombies still supporting this clueless government well your cup would soon get full |
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by SUFFERInSMILIIN(m): 10:13am On Nov 06, 2020 |
ChimaAdeoye: Have you been sleeping all of this time can't you see they are borrowing money to repay debt. It is called borrowing to repay borrowing |
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by jaxxy(m): 10:42am On Nov 06, 2020 |
CBN has no solution just talk. |
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by Zetty177x: 3:29pm On Nov 06, 2020 |
shadeyinka: Lol at ur second paragraph.. . But to be candid, are they not going to advice him against this borrowing? 1 Like |
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by shadeyinka(m): 3:58pm On Nov 06, 2020 |
Zetty177x:They will not advice him against it unless we have maxed out the DSR ratio to more than 33%. Nigeria is still about 30%, hence their clamour for more borrowing BTW,the way governance works is this. The Adviser NEVER goes to the President and says "I have an idea!" Instead, it's the President that calls his adviser and says "I want to kill IPOB constitutionally, how can it be done?" or "I want to stop the #EndSARS protest, how can a do it with maximum effect on the conveners?" Then the special adviser can do their duty, otherwise, they stay dormant in their offices 2 Likes |
Re: CBN: Rising Debt Servicing Cost Can Impede Growth by suremanpatriot: 7:59pm On Nov 06, 2020 |
d problem is presidentia system of govt is too expensive for nigeria to sustain.Revert to parliamentary sys ,Close the natonl assembly to pay naija debt. |
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