Corrupt Partisan politics has destroyed this country. How could an incompetent tyrant who tried to destroy democracy and has no verifiable record of economic achievements rule the country twice?

Very soon Naira will be as useless as Venezuela money, it will littered the street of Yoruba land even some of them will not afford toilet tissue papers after eating watering beans and ewedu, they will be left with no other option than to be using it as baby diapers and bum bum wipers... Ndi Ara

Na so so shock everywhere

Atiku shud let’s us rest abeg. South 2023

Nigeria for sale

Jesus I need to leave this country ASAP. I can't bring up my kids in this country.

ehen so in conclusion we should vote for you next election and all our problems would mysteriously go away right. would you keep quiet all of you buhari included have nothing to offer this nation

Will you keep quiet .. Eleribu eni kure gbogbo yin patapata

A man who cannot maintain his workers!!!

I don’t know where you guys want Buhari to get money without borrowing and I am sure Atiku would have done the same
Almost every nation on earth is in debt at the moment
America have been printing money non stop for 4 months now and still not enough
Close to 9 trillion dollars printed already and they are still contemplating printing more
Gej and okonjo started borrowing when oil was $65 per barrel and you are telling Buhari not to borrow when oil was 19$ barrel,the worse is there was no one to buy it
Buhari is clueless but when it comes to our economic situation,he has no choice than to borrow otherwise you all will starve to death

Am shocked too

Ogbeni Atiku, during your time as the VP to Obasanjo, we knew as u filled ur stomach up ooh.

no dey come here come dey form holy holy.



all of Una be the same.

your party had already put Nigeria in debt, APC took over and continued from where una stopped.



the same thing ni gbogboyin.



theives.
Barawo.
Ole.
Onye ohi.

Buhari should come out boldly that he has failed us. Simple!

Kastina Governor came out and said he has failed his people

I remember doing a thread about this in 2017. At the time we spent 2/3rds of revenue on debt servicing and I noted how unsustainable it is.

https://www.nairaland.com/3835219/fg-spends-two-thirds-tax-revenue

The usual excuse is to point to our infrastructural deficits and how we need to borrow to address it. This is the mistake we made in the 1970s and early 80s and which led to a 2 decade slump in the economy.

No matter how bad your infrastructure is, your debt load still needs to be sustainable. You can't keep increasing debt payments faster than your tax revenues are increasing without running into trouble.

Despite this

Foolish elements are stuck coming here to covertly defend that failure in Aso Rock and attacking atiku who was the messager


Buhari Jazzman must be very potent

ahmedkoded95:


https://www.pmnewsnigeria.com/2020/06/16/atiku-shocked-by-nigerias-debt-profile-says-nation-in-financial-crisis/amp/?utm_source=&utm_medium=twitter&__twitter_impression=true

the shock has gotten to Atiku

vibbb:
Only God can liberate this nation from insensitive set of leaders.

The leaders are bad and all, but the thing is who put them there? Was it not the populace.

4Play:
I remember doing a thread about this in 2017. At the time we spent 2/3rds of revenue on debt servicing and I noted how unsustainable it is.

https://www.nairaland.com/3835219/fg-spends-two-thirds-tax-revenue

The usual excuse is to point to our infrastructural deficits and how we need to borrow to address it. This is the mistake we made in the 1970s and early 80s and which led to a 2 decade slump in the economy.

No matter how bad your infrastructure is, your debt load still needs to be sustainable. You can't keep increasing debt payments faster than your tax revenues are increasing without running into trouble.

Will they listen?

Nigeria is filled with functional illiterates and stark illiterates
The man in Abuja is the reflection of that

Amd the wide support he still gains is testament to that.


Many do not understand the implications of his actions


But to many of his supporters
They dont care

It's all about ethnicity

He is not criitizing Buhari. He is telling you that you and your children and their children is in danger of perpetual slavery.

A debt-to-Revenue ratio of 99% is absolutely frightening. I didnt even know this before now. I would usually focus on debt-to-GDP. But debt-to-Revenue ratio is an even important KPI hereesp as Atiku rightly said, we are a one product economy revenue wise. That means if any thing happens to oil today, we may ecome insolvent as a nation.

To illustarte, it means that you used your entire revenue collected to pay debts- sorry you are not even paying your debts, you are essentially using your entire revenue as a country to service your debts i.e paying interest rates.

It is equivalent to taking a mortgage on a house, and then using all your salary to pay the interest on your mortgage, leaving no money for other basic necessities of life like paying your kids school fees, feeding, buying of clothes, transport etc such that you now had to take even more loans to do these basic things. This is exactly what is happening presently- the FG and states Govts keep talking loans to keep afloat.

That is the current state of Nigeria. If you are truly a Nigerian, it should shock you

*wrote this in another thread. This is for Nigeria*

B4 nko.....it seems Atiku just dey wake ......Buhari....many people dey wait u after 4 years ends .....u go hear am

socialmediaman:
Corrupt Partisan politics has destroyed this country. How could an incompetent tyrant who tried to destroy democracy and has no verifiable record of economic achievements rule the country twice?

Because he was elected through popular vote.

Maybe we need to change our voting system from the popular vote to something like the USA's electoral college.

So that it favors Nigeria as a whole and not the region or States with the most population.

Even Atiku himself is one of the reasons NIGERIA is in this mess....
They should keep deceiving themselves

Seems baba is preparing for 2023.

Buhari is shocked.

Atiku is shocked.

I wonder where the electricity that is shocking them is coming from.

Y usin buhari shock witout permission

slivertongue:
I had cause to counsel the Federal Government to desist from indiscriminate lending, and offered suggestions on ways to both increase revenue, and reduce expenditure, however, my counsel fell on deaf ears. And now we have come to this.

Because you said you have and have proferred solutions, I Went Tru ur profile and realized ur more of an economic watch guy than me..

I will follow u from this day. I need ppl like you for discourse... Cuz too much knowledge want to kee mee

Atiku would have done worse!

Abeg he should go and sit down!

The recycling continues in 2023!