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Nairaland Forum / Nairaland / General / Politics / How Nigeria Can Lower Debt Service-To-Revenue – DMO (5010 Views)
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How Nigeria Can Lower Debt Service-To-Revenue – DMO by postbox: 4:36am On Apr 16, 2022 |
The Debt Management Office has said that Nigeria can lower its debt service-to-revenue ratio if it generates higher revenue like Ghana, Kenya, and Angola. SOURCE:https://brandspurng.com/2022/04/15/how-nigeria-can-lower-debt-service-to-revenue-dmo/ 1 Like
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Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by davidupdate89: 6:25am On Apr 16, 2022 |
Issokay |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by CountVersailles(f): 6:25am On Apr 16, 2022 |
Nigeria's debt profile is a disaster that will eventually be the downfall of the country several years from now. Forget all the whitewashing, the failing naira and the thieving politicians will make sure the country never full recover from crushing debt. Another Greece in the making 5 Likes |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by tillaman(m): 6:26am On Apr 16, 2022 |
Una welldone las las make we sell the country make everybody carry him share make them use Nigeria dey plant cannabis 1 Like 2 Shares |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by Nobody: 6:26am On Apr 16, 2022 |
After you finish speaking all these big grammars, go and pay up your debt to China, 1 Like |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by searchng4love: 6:26am On Apr 16, 2022 |
Sell the country to Russia |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by harmargedon: 6:26am On Apr 16, 2022 |
I have zero idea, all I know is that you're all borrowing lords. |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by Emmy3(m): 6:26am On Apr 16, 2022 |
Sadly, the current government can only think of increasing tax as increasing IGR. I'm really enjoying this government. 3 Likes |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by harmargedon: 6:26am On Apr 16, 2022 |
Set awon borrowers. |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by 007lss: 6:27am On Apr 16, 2022 |
Okay |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by NamelessOGBENI(m): 6:28am On Apr 16, 2022 |
In summary, borrowing could be justifiable means if we want our a high GDP like Ghana, Kenya and Angola respectively. |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by Oyo17: 6:29am On Apr 16, 2022 |
Economic growth comes as a results of reasonable Individuals put in charge... Hire me for write-ups, both brands and corporate. 1 Like |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by opera1(m): 7:01am On Apr 16, 2022 |
Though I didn't read the write up because I wasn't there when they are borrowing and moreover I didn't benefit ₦1 from the money. To pay the debt is for FG to tax the dead. |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by Nobody: 7:35am On Apr 16, 2022 |
This is where the problem is... no one but only Peter Obi is talking about cutting cost of governance as means to raise IGR, the others are talking about raising IGR through increased taxes in a population with 33% youth unemployment and double digit inflation.. It goes to show, they have never grown anything in their lives.. 8 Likes 2 Shares |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by Tochi3(m): 7:39am On Apr 16, 2022 |
Faller:All this grammer are for what exactly. The tin tire me honestly Speaking grammer and doing absolutely nothing. Nigerians are special breed |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by Nobody: 7:41am On Apr 16, 2022 |
Crucial bits 1. Our revenue base is low 2. We rely too much on oil. Therein lies our problems. 1 Like |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by inoki247: 7:45am On Apr 16, 2022 |
tillaman: Lol Cannabis wey u go plant wey NDLEA go come burn u waste ur own share b dat.... 1 Like |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by Nobody: 7:51am On Apr 16, 2022 |
Basically we don't have enough money to pay our debt because our revenue base is low . After seven years of promise to diversify. This report is kind of an indictment of the governemt. They came with stories about raising our income. Now here we are. Anyway, Nigeria needs better. |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by lexy2014: 8:06am On Apr 16, 2022 |
subsidywise18: If revenue base is low, which money are they stealing? |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by Nobody: 8:08am On Apr 16, 2022 |
lexy2014: The little we have. That's why corruption is an insidious evil. Especially for Nigeria. Also our low revenue base is why we rely on oyel money far too much 1 Like |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by lexy2014: 8:12am On Apr 16, 2022 |
subsidywise18: The money that they are stealing, is it little? |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by Nobody: 8:16am On Apr 16, 2022 |
lexy2014: We aint earning enough in the first place. Corruption eats the 'little' we earn. |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by Reference(m): 8:21am On Apr 16, 2022 |
Just be throwing around stupid statistics and telling us the obvious to justify their ignorance and failure. Debt to Revenue ratio will be low when the debt IS NOT INCURRED TO RAISE REVENUE, simple. When an investor like me or you approaches a bank the primary purpose is to fund productivity which in turns creates the revenue to pay such loans back and some more for his business and himself. The government should be borrowing only to fund productivity which will expand the tax base, pump the tax receipts and create businesses and jobs for Nigerians. Any other borrowings of whatever kind will only impoverish Nigerians the more and erode the so called tax base. This is common sense. But as I continually sing. When all your borrowings are geared towards 'contractors' for projects that are not commercially viable, do not create jobs or businesses and so cannot expand the economy, the result is inflation and the impoverishment of the common man from which you hope to tax. How foolish. Let them go to the Chinese to collect their taxes since they are the ones who are getting 'everything'.... nonsense. No serious minded, but poor country will 'contract' out its development. I cannot take a loan to develop my farm from bank X,Y,Z and the bank will sit on my farm and dictate to me who will till the ground, give me machines I will use to farm at their discretion and the markets I will sell my produce and I hope to develop the farm..... it will never happen. I sincerely look forward to a government that is serious about putting Nigerians to work. A government that is attractive enough for Nigerians to invest in. We have the resources to build our infrastructure. Nigerians can build their refineries and railways, power plants and dams without borrowing IF, IF, IF, IF they are part of this development and will directly profit from their establishment. There are 30 million unemployed, able bodied youth in Nigeria that should be building the roads, railways and power plants. Government just has to figure out how to do that because that is how it was done in the developed countries we envy today. And these folks who are running their countries are the primary ones paying the taxes. Our youth on the other hand are busy keeping the government busy with all manner of anti-social vices of horrendous nature.... because they are essentially the devil's workshop. 2 Likes 1 Share |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by Angelfrost(m): 8:34am On Apr 16, 2022 |
subsidywise18: Our problem lies solely in LEADERSHIP, or the glaring lack of it. Every serious nation with intelligent leaders has been doing this for decades. |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by mekonglobal(m): 8:43am On Apr 16, 2022 |
Should you be telling us this madam or to Buhari and his economic team that only knows how to borrow. |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by lexy2014: 9:16am On Apr 16, 2022 |
subsidywise18:Good. That takes us back to d question: the one that they are stealing, is it little? |
Re: How Nigeria Can Lower Debt Service-To-Revenue – DMO by Blackfire(m): 9:22am On Apr 16, 2022 |
PDP REALLY DESTROYED THIS COUNTRY Atkeast Nigerians are seeing that baba buhari is really trying We the youths stand with our darling president North2023 Anyways I sell cows |
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