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Nairaland Forum / Nairaland / General / Politics / Nigeria’s External Debt Reaches $3.8b (940 Views)
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Nigeria’s External Debt Reaches $3.8b by BlackRevo: 7:24pm On Jul 21, 2009 |
http:///csp/cms/sites/Next/Money/Business/5437605-146/story.csp [Nigeria's external debt profile keep soaring in the face of the current global economic meltdown, as the Federal Government on Monday secured another $195 million (about ₦28,665,000,000) loan package from the World Bank. After all the effort of the last administration. |
Re: Nigeria’s External Debt Reaches $3.8b by ikeyman00(m): 9:59pm On Jul 21, 2009 |
is this money really goin into education equippin our labs providing pc etc yarabrainless keep ur eyes on the ball, debt buildin up |
Re: Nigeria’s External Debt Reaches $3.8b by Fhemmmy: 10:12pm On Jul 21, 2009 |
what have they got to show for all these loans, and debts? i guess in the pocket of the present and past leaders. |
Re: Nigeria’s External Debt Reaches $3.8b by MrCrackles(m): 10:14pm On Jul 21, 2009 |
A round of applause for the GBESE nation! |
Re: Nigeria’s External Debt Reaches $3.8b by Beaf: 10:39pm On Jul 21, 2009 |
Unfortunately, the govt will continue to borrow money to fill the void created by MENDs campaign. Between 1999 and now, more than 20 communities have been wiped out completely and more than 50 000 persons killed by the Nigerian Police and Army. More than 1.5 million tons of oil, equivalent to one Exxon-Valdez disaster every year for 50 years, have spilled into the delta, poisoning delicate mangrove and rain forest ecosystems and destroying fishing and farming livelihoods. Constant gas flaring releases toxic chemicals into the atmosphere, causing cancer, birth defects, respiratory diseases, and acid rain so toxic it corrodes metal roofs. http://www.pambazuka.org/en/category/comment/57769/print |
Re: Nigeria’s External Debt Reaches $3.8b by philip0906(m): 10:57pm On Jul 21, 2009 |
Nigeria’s External Debt Reaches $3.8bWhich debt again?i thought it was cleared in the obj regime? |
Re: Nigeria’s External Debt Reaches $3.8b by Fhemmmy: 11:01pm On Jul 21, 2009 |
philip0906: Cleared ko, Cleared ni |
Re: Nigeria’s External Debt Reaches $3.8b by BlackRevo: 11:51pm On Jul 21, 2009 |
ikeyman00: The last one just borrowed went into fighting malaria check the first passage of the post. MrCrackles: And another round please. one for each year ( yar adua is in his second year now) philip0906: Good morning sorry this is yar adua's regime Fhemmmy: Tell him ooo jare, Let me even put it well. It was cleared but was not stopped from further growing up. |
Re: Nigeria’s External Debt Reaches $3.8b by no21: 12:24am On Jul 22, 2009 |
send this to AFAM. I saw in one thread where he said Nigeria owes nothing. |
Re: Nigeria’s External Debt Reaches $3.8b by BlackRevo: 12:33am On Jul 22, 2009 |
no21: How do i do that? |
Re: Nigeria’s External Debt Reaches $3.8b by Kobojunkie: 1:09am On Jul 22, 2009 |
How much do we have left in our reserves?? |
Re: Nigeria’s External Debt Reaches $3.8b by BlackRevo: 7:34am On Jul 22, 2009 |
Kobojunkie: This was for June http://www.silobreaker.com/nigerian-banks-under-pressure-as-external-reserves-drop-to-444bn--fitch-5_2262438742956441600 Nigerian banks under pressure as external reserves drop to $44.4bn Fitch But it has dropped further in july Abuja — The International Monetary Fund (IMF) has charged the Central Bank of Nigeria (CBN) to concentrate on managing interest rates and external reserves well. http://allafrica.com/stories/200907201402.html |
Re: Nigeria’s External Debt Reaches $3.8b by AloyEmeka9: 7:45am On Jul 22, 2009 |
America is in debt to the tune of trillions so why is our own debt a bid deal. We are rich and still very rich in Nigeria. Make una no shake, pepper till dey. |
Re: Nigeria’s External Debt Reaches $3.8b by ikeyman00(m): 9:06am On Jul 22, 2009 |
hmmm |
Re: Nigeria’s External Debt Reaches $3.8b by SamMilla1(m): 9:11am On Jul 22, 2009 |
People should stop comparing Americas debt with Nigerias. America is sponsoring terrorism wars with billions of dollars in a month. America still sends aids to Nigeria. What do we do with our own Money? Just to better the lives of people and we only succeeded in bettering the lives of big-belly Politicians. |
Re: Nigeria’s External Debt Reaches $3.8b by Afam(m): 9:25am On Jul 22, 2009 |
Sam Milla: Sponsoring terrorism wars? Against who? What an excuse. Sam Milla: And makes 10000 times what it sends as aids to Nigeria. In any case we don't need aids from anyone. We agree that we have serious leadership problems in Nigeria. @topic, OBJ cleared our debts and today we are borrowing again. Wonderful. Sometimes I wonder if a 3rd term wouldn't have been better for Nigeria. |
Re: Nigeria’s External Debt Reaches $3.8b by SamMilla1(m): 9:48am On Jul 22, 2009 |
Afam: Afam wait here, Is it very difficult for you to accept the truth? Does it matter which people they are fighting in this context ? The isuue is they are fighting wars, so you only have to accept that fact. (unless you have hatred for them) And makes 10000 times what it sends as aids to Nigeria. What a lame comment from a Man of Your Intelligence Isnt that called Business. They never robbeed your bank or oil. They buy them. |
Re: Nigeria’s External Debt Reaches $3.8b by philip0906(m): 9:51am On Jul 22, 2009 |
Fhemmmy: Black_Revo:Then I am forced 2 say this,NIGERIA IS DOOMED |
Re: Nigeria’s External Debt Reaches $3.8b by ikeyman00(m): 10:00am On Jul 22, 2009 |
yara should face stoning in shaira , , |
Re: Nigeria’s External Debt Reaches $3.8b by Afam(m): 10:14am On Jul 22, 2009 |
Sam Milla: Maybe I failed to make myself clear. Who is lending these monies that they keep borrowing? Who will not afford the basic things of life if he/she can access unlimited loans that may never be paid back? There are people 9not just government) in the US that keep borrowing money until they die without repaying the money. Do you think a lot of Nigerians will be complaining today if the government can afford to borrow trillions of dollars and Nigerians can access loans 9never mind if they will pay back or not) to buy food, houses, cars, electronics etc? Sam Milla: I agree it is business that is why we should stop collecting the aids and more importantly why they should stop deceiving people with such aids. We need access to fair trade not aids. Those at the WTC will always come up with policies to defend and protect the products of the developed nations while making it difficult for the developing nations to do business on a level playing field. This is not a blame game against the West neither is it an excuse for the purposeless leadership we have in this country based on the reality today. I am just pointing out some reasons why the West may be seen as doing well as regards access to unlimited loans and insincerity in trades. |
Re: Nigeria’s External Debt Reaches $3.8b by BlackRevo: 2:04pm On Jul 22, 2009 |
philip0906: But not beyond redemption if well all come to together to save it. 2011 is ahead of us please lets vote responsible people to govern us. |
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