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Nairaland Forum / Nairaland / General / Politics / Nigeria Owes N25.7 Trillion – DMO (7628 Views)
Fani-kayode Says Nigeria Owes Atiku Debt Of Gratitude, Gives Reason / Peter Obi: Nigeria Owes A Debt That That Could Build 160 Kainji Dams / Nigeria’s Total Public Debt Jumps By 15.64% To ₦33.107 Trillion – DMO (2) (3) (4)
Nigeria Owes N25.7 Trillion – DMO by Racoon(m): 1:44am On Nov 26, 2019 |
Nigeria borrows N410bn for capital projects in 2018 Budget-DMO.The Debt Management Office (DMO) says that Nigerian’s total debt profile is N25.7 trillion. https://www.premiumtimesng.com/news/more-news/364665-nigeria-owes-n25-7-trillion-dmo.html
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Re: Nigeria Owes N25.7 Trillion – DMO by Racoon(m): 2:03am On Nov 26, 2019 |
Imagine Nigeria's debt internal/external debt profile today comparable with its GDP and you wonder why its has never made any economic progress under the APC govt. All they are concerned with is borrowing and enforcement of anti-human taxation policies to shore up revenue just to service debts with less monies for capital project development despite the many lies of improved staggering revenue generation by various agencies of goverment. To think that these are the same hypocrites who have borrowed more within a short time than any government in histroy with no clear evidence of what these debts were used for shows how hypocritical the APC can be. All they know is how to continue to mortgage Nigeria into chronic eternal financial indebted-ness without considering the economic implications. 31 Likes 2 Shares
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Re: Nigeria Owes N25.7 Trillion – DMO by Danzakidakura(m): 2:39am On Nov 26, 2019 |
This is what you get when you hand over power to thieves and terrorists. They will borrow money shear it among themselves, use bullion van transport the money to their houses. Pdp left a dept of 11trillion after 16 years and within 5 years of apc they have borrowed over 13 trillion. 44 Likes 6 Shares |
Re: Nigeria Owes N25.7 Trillion – DMO by obidark: 2:43am On Nov 26, 2019 |
and amelika owes over 20trillion dollars.... so what....?? 1 Like 1 Share |
Re: Nigeria Owes N25.7 Trillion – DMO by obidark: 2:46am On Nov 26, 2019 |
this your argument dont have start and end.... you must invest to get in even more.... this is how economies work.... their is practicaly no nation on earth that is debt free.... its either external debt or internal debt....all the same thing.... 1 Like 1 Share |
Re: Nigeria Owes N25.7 Trillion – DMO by sweetonugbu: 3:51am On Nov 26, 2019 |
How much was borrowed since this government came onboard?. |
Re: Nigeria Owes N25.7 Trillion – DMO by omowolewa: 4:19am On Nov 26, 2019 |
Taking debt which doesn't have impact on citizens like $2.1b Dasuki money. Taxpayers struggling to pay looted debts after Ngozi went begging for forgiveness. 2 Likes |
Re: Nigeria Owes N25.7 Trillion – DMO by Nobody: 4:42am On Nov 26, 2019 |
“We borrow from various sources, the multi-laterals, World Bank, Islamic Development Bank, the African Development Bank, China Exim and we also issue products in the international market. Congratulations 2 Likes |
Re: Nigeria Owes N25.7 Trillion – DMO by SolarForce: 5:36am On Nov 26, 2019 |
Lmao! How come we are all not being arrested 1 Like |
Re: Nigeria Owes N25.7 Trillion – DMO by Burgerlomo: 5:38am On Nov 26, 2019 |
Just 50 people or less in that kontiri can pay back that money, anyway it's well 3 Likes |
Re: Nigeria Owes N25.7 Trillion – DMO by leofab(f): 5:43am On Nov 26, 2019 |
More requests forloans are in full gear.. 6 Likes
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Re: Nigeria Owes N25.7 Trillion – DMO by ebuclassic18(m): 5:43am On Nov 26, 2019 |
Have not seen any meaningful project completed with that money 2 Likes |
Re: Nigeria Owes N25.7 Trillion – DMO by Spatta: 5:43am On Nov 26, 2019 |
hmm |
Re: Nigeria Owes N25.7 Trillion – DMO by bigerboy200: 5:45am On Nov 26, 2019 |
Oluwa wetin dey happen? Naija matter just get as e be. Borrow borrow up and down yet no meaningful impact to society. 2 Likes |
Re: Nigeria Owes N25.7 Trillion – DMO by crownwealth: 5:46am On Nov 26, 2019 |
Onigbese Government of the day. All Na change & next Level 1 Like 1 Share |
Re: Nigeria Owes N25.7 Trillion – DMO by crownwealth: 5:48am On Nov 26, 2019 |
Danzakidakura: Confirmed thieves & terrorists in gonment my brother 2 Likes |
Re: Nigeria Owes N25.7 Trillion – DMO by alhussein9(m): 5:48am On Nov 26, 2019 |
Over 90% of the debt was looted. No doubt! |
Re: Nigeria Owes N25.7 Trillion – DMO by sylve11: 5:49am On Nov 26, 2019 |
@ those complaining, to sin by silence when when you all should protest makes cowards of men and women. Go to the street and protest if you don't like the way things are going. 1 Like |
Re: Nigeria Owes N25.7 Trillion – DMO by ReubenE(m): 5:49am On Nov 26, 2019 |
This is sad. If Nigerians are allowed to borrow the debt ratio per individual Nigerians, I'm sure every body would better things for themselves than the government is doing for us, except for few that will spend it on alcohol and women 2 Likes |
Re: Nigeria Owes N25.7 Trillion – DMO by alomadmw: 5:51am On Nov 26, 2019 |
[center]but we call ourselves giant of africa with oil and other mineral resources yet we borrow loan.[/center] |
Re: Nigeria Owes N25.7 Trillion – DMO by Nobody: 5:54am On Nov 26, 2019 |
Nigeria will soon become the debt capital of the world |
Re: Nigeria Owes N25.7 Trillion – DMO by Quincykay: 6:02am On Nov 26, 2019 |
It's all relative. The issue is not the debt, the issue is that the money borrowed should be used for what is was borrowed for. It's like, there's nothing wrong with taking a bank loan (mortgage) to buy a house, but if you then spend it on vacation and cars... that's a problem. So accountability and fiscal responsibility is the issue. If look HERE you'll see our debt profile is not that bad. You'll need to scroll down.. 2 Likes |
Re: Nigeria Owes N25.7 Trillion – DMO by Quincykay: 6:04am On Nov 26, 2019 |
SolarForce: lol That's hilarious! 1 Like |
Re: Nigeria Owes N25.7 Trillion – DMO by hotwax: 6:10am On Nov 26, 2019 |
Quincykay: So tell us what was the money used for? 10billion was borrowed for yahyah Bello so he could win election last week...is that asset to you? Omisore was given 161million to rig osun election coupled with 12billion released to aregbesola before election. Thats what summed up to the 22trilion... Borrowing money to hold on to power and tyranny 3 Likes |
Re: Nigeria Owes N25.7 Trillion – DMO by Debaiz: 6:21am On Nov 26, 2019 |
Ok |
Re: Nigeria Owes N25.7 Trillion – DMO by Princelyon247(m): 6:27am On Nov 26, 2019 |
I don tire for this country no be small Racoon: |
Re: Nigeria Owes N25.7 Trillion – DMO by NigeriaBam: 6:40am On Nov 26, 2019 |
Interesting |
Re: Nigeria Owes N25.7 Trillion – DMO by Terenike(m): 6:41am On Nov 26, 2019 |
Debtors |
Re: Nigeria Owes N25.7 Trillion – DMO by Kenturkey048(m): 6:48am On Nov 26, 2019 |
Danzakidakura:yet some mumu would say PDP depleted their national treasury. 1 Like |
Re: Nigeria Owes N25.7 Trillion – DMO by shosky1794: 6:54am On Nov 26, 2019 |
Our debt to GDP ratio is still one of the lowest in the world. US, Japan and some of the these big western nations have some the highest debt to GDP ratios and they are still borrowing more. We should be well informed before we make comments here 1 Like |
Re: Nigeria Owes N25.7 Trillion – DMO by airbrush: 6:55am On Nov 26, 2019 |
Racoon: The federal government is responsible for 80 per cent of the debt you can see how reckless and clueless buhari is or rather abba kyari is Tomorrow zombie go get mind call goodluck clueless |
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