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Nairaland Forum / Nairaland / General / Politics / Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO (6993 Views)
Railway Debt Servicing Gulped $63m In Q1, Says DMO / Nigeria’s Debt Profile Hits N41.60 Trillion, Says DMO / Nigeria Serviced Debt With ₦1.47 Trillion In First Half 2021 – DMO (2) (3) (4)
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by Iheukwu1987: 5:29am On Mar 18, 2022 |
Nigeria is the real.oni gbese MVP |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by Enyimbamercedes: 5:39am On Mar 18, 2022 |
Some people will say “ We NeEded to BoRRow to Fund InFrAsTRuctural dEFIcit” ! Infrastructural deficit kill you there Calculate 107million barrels of stolen crude and you’ll see how much is we have lost due to corruption in a sector overseen by the Minister of Petroleum |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by Joseph08(m): 5:43am On Mar 18, 2022 |
...and Buhari is in London enjoying where there's light, good roads, planned economy, no Kiddnappers, low crime rate, etc. Cursed leaders! |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by SarkinYarki: 5:45am On Mar 18, 2022 |
Buhari is no leader |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by AdeniyiA(m): 5:58am On Mar 18, 2022 |
They should kúkú sell the country... What a shame, our politicians have mortgage the future of our youths. Hmmm... We have no choice than to take back our country from these looters 1 Like |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by adefitim(m): 6:19am On Mar 18, 2022 |
When is FG gonna service me too? |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by Nonexisting: 6:23am On Mar 18, 2022 |
Buhari has finished this country.
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Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by bergs2: 6:26am On Mar 18, 2022 |
chopnaira: The way you guys blame China as if they are the origin of our woes is flabbergasting! Haven't you heard the adage that he who goes a borrowing goes a sorrowing? China is again not the reason we borrow nor are they the reason we mismanage our finances. This was how we continuously blamed the west when we got loans from WB, now we have turned the sane blame towards China. Africa my continent. |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by Lightorder: 6:33am On Mar 18, 2022 |
Totilopussylick:Let us concentrate on the ones borrowed by APC |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by Aystarz: 6:34am On Mar 18, 2022 |
Segzy22: If mere elementary school kids know the damning effects of borrowing at this magnitude on a largely consumer country like ours, why can't you a simplistic olodo agbaya afofungbemu understand that basic fact as well? 1 Like |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by anonimi: 6:59am On Mar 18, 2022 |
Xscape1993: What does that say about Obasanjo's intelligence, if he backed Bubu when he knew he was a nonentity on the economy citizenisb: 2 Likes
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Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by anonimi: 7:01am On Mar 18, 2022 |
Segzy22: Are you also an empty head like Bubu on economics to be making this useless comparison? Is the US or Russia with the highest number of children out of school & the world capital of extreme poverty ahead of India's almost 1.5 billion people? Is the US or Russia having almost zero industrial capacity to create value for exports to other countries 2 Likes |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by anonimi: 7:07am On Mar 18, 2022 |
rocknation62: After looting Lagos into a shithole with heavy debts also despite oil prices at $140 and huge IGR increase. Maybe it is the silent curse of Lagosians that have made him an Atosara, peepee pikin itubaba001: 3 Likes 1 Share
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Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by gambia(m): 7:08am On Mar 18, 2022 |
Nigeria is doomed. |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by rocknation62(m): 7:09am On Mar 18, 2022 |
anonimi: You’re not far from the truth… 1 Like |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by proclinician: 7:23am On Mar 18, 2022 |
Totilopussylick: Obasanjo spent 16bn dollars on power and as I de type this, I de charge my phone in my car. It's colonial masters that caused it. Ode |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by eldoradoxx: 7:26am On Mar 18, 2022 |
This is the public record of APC's failed government that Nigerians should be interested in as the next election approaches in asking whether APC is worthy of being entrusted with leadership of this country going forward. A party that met national debt at about 12 billion dollars in 2015 but raised it to over 90 billion dollars less than 8 years later without much to show for it certainly does not under any circumstance deserve your votes in 2023. There is total collapse of electricity infrastructure, PDP built about 17 new power stations such as Alaoji, Omotosho, Papalanto, Geregu, Ihovbor, Olorunsogo, today if u have 3 hours of electricity anywhere in Nigeria per day, then thank your stars. No fuel, diesel prices are out of reach of common people thereby pushing the cost of running businesses up and of course the end users who are Nigerian masses pay high prices. I can go on and on. The question is where are the moneys APC government borrowed. 1 Like |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by Reference(m): 7:33am On Mar 18, 2022 |
“It invariably becomes a debt problem. The government’s actual revenue can hardly cover the recurrent budget which implies that the entire capital budget is being funded from borrowing. This is surely not sustainable.” This is what we said a few years ago. This reprobate government has REFUSED to cut down recurrent expenditure while 'borrowing' the life blood of this country away. It is like a man who is on half salary, whose personal business was ravaged by the pandemic and whose income is fractions of what it was years ago but refuses to adjust his expenditure to meet realities. They keep on hiding behind subsidies as the holes in the national treasury bucket but conveniently ignore the humongous elephant of cost of governance. |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by Moneyboyz: 7:47am On Mar 18, 2022 |
6.6 borrowed, 5.5 looted from the borrowed. |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by todaynewsreview: 7:53am On Mar 18, 2022 |
This seems to be the only sincere agency in Nigeria. |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by Shikini: 7:58am On Mar 18, 2022 |
Useless president |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by NwuyeMadu: 8:19am On Mar 18, 2022 |
Who in his right senses borrow to service debt... |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by Sonn(m): 8:28am On Mar 18, 2022 |
This country is gradually going down the drain every minute under this APC dispensation led by PMB and nothing is been done to stop them, How will Nigeria survive the after effects of this disaster it's witnessing today, God please hear our cry ( the poor masses ) and wipe away this evil party and it's government, The worst is they are planning to impose another sick person on us, Who will stop this evil plot? God you alone. |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by Jamesbiodun(m): 8:52am On Mar 18, 2022 |
As a good Nigeria citizen , I have borrowed 35,000 this week and servicing debt with 8000... If any loan app call me I will tell them Nigeria too is owing money, make them no kill me, I will pay when I have the money 1 Like |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by naturefellow(m): 9:18am On Mar 18, 2022 |
Totilopussylick:does it mean that the dimwit leaders should keep compounding it? |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by MoIbrahim: 9:50am On Mar 18, 2022 |
rocknation62: Is it really about age or performance? Have the young politicians been any more productive? |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by Nobody: 10:09am On Mar 18, 2022 |
Where are all the pan African superman. All those fools spitting in the west, All those ass holes claiming to be the representative of all black people. Come and see what is happening in your back yard. The west did not make you sell your country to China, I have not seen any of your posts condemning this. This is the most populous black nation on earth and all of a sudden you guys are dickless. When the pay you small rubles to generate negative sentiment against the West, you will come here and write epistle camouflaged as Pan African BS. |
Re: Nigeria Borrowed ₦6.64tn, Serviced Debt With N₦2.93tn In 2021, Says DMO by TruthinAction: 11:10am On Mar 18, 2022 |
Borrowing to fund their terrorist activities and enrich themselves. Where is the evidence of the money borrowed? Insecurity is worse than ever. Our refineries are still not working. There is no improved power supply. So, what are they borrowing the monies for if not for selfish reasons. They will all one day stand before God and give account of their stewardship. |
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