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Nairaland Forum / Nairaland / General / Politics / FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States (11953 Views)
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FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by Nemere2020: 9:05pm On Jan 05, 2021 |
The Debt Management Office says the federal government owes 79 per cent of the N20 trillion domestic debt profile as of September 2020. https://dailytrust.com/fg-owes-79-of-n20tr-domestic-debts-as-lagos-leads-states
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Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by Nobody: 9:16pm On Jan 05, 2021 |
79% OF NIGERIA DOMESTIC DEBT IS OWNED TO NIGERIAN BIG BANKS. Those Nigerian banks that are assigned too big to fail are the owners of the debts Nigerian government will keep paying interest on the debts to those banks forever, that is what usury does, it enrich the shareholders. Most of these banks profit isn't from doing anything but from interest on all the loans they give out, banks create money by lending. Nigerian govt can issue interest free loans and print debt free currency ( naira) then spend these money on building infrastructures, it will create jobs for millions of people and reduce inflation. These debts Nigerian government keeps owning these banks is the cause of inflation 18 Likes 2 Shares |
Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by Nobody: 9:38pm On Jan 05, 2021 |
President Mohammed Buhari is working hard despite the hard economy he is only Borrowing such monies to build infrastructure . Without INFRASTRUCTURE you can't have a good economy , the good thing about this administration is that the infrastructure is visible . It's only Igbos who are criminals that will never say Good things about this present administration . President Mohammed Buhari may God bless you. The questions you should ask before Criticizing buhari is 1. how much was crude oil when Jonathan was president 2. why is it wailers can't ask obasanjo to submit himself for probing for spending 16 billion naira on power 3. with the bad and hard economy how was buhari able to sustain development programs like NPOWER 12 Likes 4 Shares |
Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by ATEAMS: 9:39pm On Jan 05, 2021 |
There's more than meet the eyes |
Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by mrnairaland1(m): 9:39pm On Jan 05, 2021 |
Most of these loans goes into private pockets. Sometimes I get to think if this country named Nigeria will survive the rot that has turned itself to cancer in this nation. Even a new born baby can feel the corruption in the atmosphere. I believe a total reorientation from grassroot would resolve this. So help us God 3 Likes |
Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by obicoolnino: 9:39pm On Jan 05, 2021 |
Q |
Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by BestOLAD: 9:39pm On Jan 05, 2021 |
Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by Nobody: 9:40pm On Jan 05, 2021 |
Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by abragr8: 9:40pm On Jan 05, 2021 |
Going forward let us elect Leaders who are expert in wealth creation. Those who only know how to borrow money and tax citizens dont have any business to do close to the Government. They need to be in their retirement rocking chair 4 Likes 1 Share |
Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by cjudy(m): 9:40pm On Jan 05, 2021 |
Hope no one is surprise or shock here? This is not new na. Debt na our second name. Simple 5 Likes |
Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by inumidun2010(m): 9:40pm On Jan 05, 2021 |
Just don't know why I Dont understand anything in Economics asides DEMAND and SUPPLY.. You will be hearing terms like Deficit, Net, Gross bla blah... and Na them dey steal pass.. |
Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by Badonasty(m): 9:40pm On Jan 05, 2021 |
I pray we don't end up like Argentina sha 5 Likes |
Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by BlessedNuel: 9:41pm On Jan 05, 2021 |
Meanwhile dem still dey borrow from world Bank. Well,na wetin local man know....just dey observe things from afar |
Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by Offpoint1: 9:41pm On Jan 05, 2021 |
Typing... Still typing... Stop typing... |
Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by Rareoil(m): 9:41pm On Jan 05, 2021 |
thebosstrevor1: You want CBN to print money Zimbabwe printed money and their economy went into oblivion. 5 Likes 1 Share |
Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by obcpascal: 9:42pm On Jan 05, 2021 |
FG debts increased in the last 6years.. Clueless Government 1 Like |
Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by jasmine1600: 9:42pm On Jan 05, 2021 |
Yet, nothing to show for it. 1 Like 1 Share
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Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by Helpfromabove1(m): 9:43pm On Jan 05, 2021 |
Abeg we no need DNA test again our govt don sell us all |
Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by BIGPREEQ: 9:43pm On Jan 05, 2021 |
Lagos I can understand! But what the hell are those other states borrowing for? I mean there's nothing to show for the debt they owe? 1 Like 1 Share |
Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by ogascomax: 9:43pm On Jan 05, 2021 |
Money that we don't see the visible impart in the country. |
Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by Nairalandwizerd(m): 9:43pm On Jan 05, 2021 |
Who is federal government?
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Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by Eriggs: 9:44pm On Jan 05, 2021 |
Rewew:you are one of the few with sense on this forum..watch how people that support looters for 16 years quote you to wail 1 Like 1 Share |
Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by Lagosbynature: 9:44pm On Jan 05, 2021 |
Nuce 1 Like |
Re: FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States by Femijohn198: 9:44pm On Jan 05, 2021 |
that shows that each person as a citizens is owing debt of 150,000 per head. 1 Like |
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