Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed - Politics - Nairaland
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| Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by dipoolowoo: 5:29pm On Dec 30, 2019 |
By Adedapo Adesanya The federal government of Nigeria has reiterated that there is no need for panic over the country’s rising debt profile, blaming critics of the administration of President Muhammadu Buhari of amplifying the issue so as to discredit the government. Minister of Information and Culture, Mr Lai Mohammed, made this claim on Monday during a media briefing on the achievements recorded by the present administration in the outgoing 2019. Mr Mohammed noted that the country’s debt was still within a reasonable range, emphasising that the panic was not needed because it was not backed by enough numerical facts, giving room for exaggeration. ALSO READ Why Nigeria’s Mutual Funds Now Attract International Interest—Experts According to the Debt Management Office (DMO), Nigeria’s external debt as at June 2019 was $27.1 billion, with the 36 states and Abuja owing $4.2 billion. A further breakdown showed that domestic debt level as at June was $56.7 billion, with the states owing $12.9 billion. In Naira terms, external debt stood as N8.3 trillion in June and domestic debt was N17.3 trillion, making the country’s total debt at N25.5 trillion. ALSO READ European Stocks Stretch Losses for Fourth Straight Session Business Post recently reported that the debt stock to Gross Domestic Product (GDP) of Nigeria reduced to 18.99 percent as at June 30, 2019 from 19.09 percent as at December 31, 2018, citing data sourced from the debt office. However, despite the present debt level of the country, President Buhari requested for an approval for an external borrowing of $29.96 billion from the National Assembly on November 28, 2019. The President claimed that the new loan would be used to for the nation’s development and to tackle the multidimensional poverty in the country. ALSO READ Total Nigeria Expresses Desire Deliver Value to Shareholders Prior to the emergence of Mr Buhari’s administration into office in 2015, the nation’s debt profile was N12 trillion. However, in 2016, the administration embarked on a borrowing spree which currently put the nation’s total debit profile at N25 trillion today. From 2016 to the first quarter of 2019, Nigeria has borrowed over N12 trillion. https://businesspost.ng/economy/buharis-critics-making-nigerias-debt-looks-big-fg/ |
| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by Charleys: 5:34pm On Dec 30, 2019 |
Wow. So how can they make it look smaller? By not talking about it at all. 1 Like |
| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by SimDan95(m): 5:35pm On Dec 30, 2019 |
f |
| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by Wiseandtrue(f): 5:36pm On Dec 30, 2019 |
You keep on blaming PDP for your mal-administration yet you have borrowed more than they did in 16years in less than 5years   If you can borrow more than double of that amount in less than 5years, who knows how much you will borrow in the next 3 years  Mr Lai Mohammed, what else can we characterise as big  Or when do we characterise it as big Na wa ooooo 1 Like |
| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by daddytime(m): 5:36pm On Dec 30, 2019 |
The debt small well well oga lai The painful part be say, all of una na quarter to go...na we and our coming generation go dey pay gbese wey we no know how e waka |
| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by Sabby1(m): 5:38pm On Dec 30, 2019 |
BUHARI stalwarts making it look small Anyway, I rest my case....
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| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by Davinity: 5:39pm On Dec 30, 2019 |
Remember we all rejoiced when Paris club wrote off our $30b debt... Now you wanna take us back |
| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by trutht828: 5:40pm On Dec 30, 2019 |
Morally corrupt , remember that the purpose of your life is to defend rubbish. Also remymber that you may die of hunger if you don't defend APC, your source of income. So, make sure you do your job as a Shameless paid poster lest you are removed from APC payroll. 1 Like |
| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by ZombieTERROR: 5:41pm On Dec 30, 2019 |
Sabby1: That's the work of zombies Defending the indefensible zombie king 2 Likes 1 Share
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| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by chozzy: 5:42pm On Dec 30, 2019 |
Lai Muhammed is a mad man |
| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by ZombieTERROR: 5:44pm On Dec 30, 2019 |
trutht828: The dead meat seller will get the boot soon from the bmc.... Dudes work lately has been abysmal .... But defending Buhari is a huge task really.. I don't pity him though 2 Likes 1 Share |
| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by NaijaRoyalty(m): 5:47pm On Dec 30, 2019 |
If $27.1b debt isn't big to you, then keep borrowing till it's $100b. |
| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by MANNABBQGRILLS: 5:48pm On Dec 30, 2019 |
Prior to the emergence of Mr Buhari’s administration into office in 2015, the nation’s debt profile was N12 trillionThis was the period our country made the highest revenue/profit in the history of Nigeria. Buy these rogues and bastards shared these loot among themselves, buying properties all over the world, Burying millions and billions underground, in pit latrines on their audio farms and buying jewelries worth millions of dollars, until they allow our nation go into recession. Posterity will judge them all. They will never escape the evil they did to our nation. And the ineffectual buffon was even telling us to our face that STEALING IS NOT CORRUPTION!! God will judge you all in due season. 1 Like 2 Shares |
| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by 247days: 5:49pm On Dec 30, 2019 |
[s] post=85353795:[/s] |
| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by MANNABBQGRILLS: 5:49pm On Dec 30, 2019 |
The President claimed that the new loan would be used to for the nation’s development and to tackle the multidimensional poverty in the country.We believe in our darling President Muhammadu Buhari and his AMIABLE Vice President PROF YEMI OSINBAJO that they will utilize this accordingly. We are in safe hands. We stand with them. 1 Like 2 Shares
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| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by Paperwhite(m): 5:49pm On Dec 30, 2019 |
This APC government is really filled with incredibly stupid & irresponsible people.Nigeria will only survive with divine providence. |
| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by MANNABBQGRILLS: 5:50pm On Dec 30, 2019 |
Wailers, how are you all doing today?!  Thanks for mentioning us on this thread for us to contribute as usual! When we say wailers, AKA children of hate, perdition and frustration We are not talking about critics who are genuinely concerned about a better Nigeria, You will know them because when they see good efforts of government they applaud. We are not talking about those that voted for Kingsley, Fela, Kashim or Sowore, Those ones surely want a better Nigeria. We could have voted for any of those as well. They meant well for the nation. But the others, the one who swore on their lives Buhari will never be president, the enemies of the nation, frustrated corrupt souls are the ones we are talking about. Those that voted for a world acclaimed thief that once looted and raped our darling nation left, right and center *********** ********** ********** Happy wailing in advance for the beautiful year 2020. Una go wail, una neck go looooong....... 8 - 5 = 3 more years of wailing  Now, all of you should gather and take a 2019 selfie together! See y'all at the other side......... 2 Likes 3 Shares
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| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by Paperwhite(m): 5:50pm On Dec 30, 2019 |
[s] post=85353822:[/s] https://m.guardian.ng/news/buhari-silent-as-defence-minister-is-named-in-550000-fund-diversion/
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| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by Offshore34: 5:51pm On Dec 30, 2019 |
[left][/left] post=85353795:you're just evil !! |
| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by MANNABBQGRILLS: 5:52pm On Dec 30, 2019 |
Offshore34: 1 Like 1 Share
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| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by Offshore34: 6:06pm On Dec 30, 2019 |
post=85354248:GO and sit down you evil supporter! |
| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by clarocuzioo(m): 6:09pm On Dec 30, 2019 |
post=85353795: Haheehahahà |
| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by MANNABBQGRILLS: 6:20pm On Dec 30, 2019 |
ZombieTERROR: 1 Like 1 Share
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| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by ZombieTERROR: 6:21pm On Dec 30, 2019 |
[quote author= post=85354781][/quote] Abysmal performance as usual |
| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by ZombieTERROR: 6:22pm On Dec 30, 2019 |
post=85353822: Just like the President approved a whopping 37 billion naira for renovation of a building... Shameless zombies everywhere |
| Re: Buhari’s Critics Making Nigeria’s Debt Looks Big—Lai Mohammed by GamalNasser: 6:25pm On Dec 30, 2019 |
See Mumu |
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