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Nairaland Forum / Nairaland / General / Politics / Debt Servicing To Gulp 123% Of 2023 Revenue (7945 Views)
Tinubu: School Feeding To Gulp N100bn In 2024 / 2024 Budget: Debt Servicing To Gulp 31% Of National Budget / Tinubu’s 48 Ministers To Gulp N8.6bn In 4yrs (2) (3) (4)
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Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Vectorchuks: 7:27am On Dec 12, 2022 |
I hope the handlers of my dear nation are happy now. |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Chirowman(m): 7:27am On Dec 12, 2022 |
Hmmm |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Mide1data: 7:27am On Dec 12, 2022 |
That's not my problem. My own is how will APC tell us the have delivered their mandate, which mandate? Jonathan- failure Buhari- colossal failure Atiku, Obi, Tinubn- destruction. If any of these three wins, Nigeria will vapourise from the surface of the earth. APC supporters crying that Obi has never condemnemd IPOB, tell me has Tinubu ever condemned bubu's regime? That's all I have to say. 1 Like 1 Share |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Kruzxx: 7:30am On Dec 12, 2022 |
You will never see apc supporters here or the agbado master supporters comment reasonable thing here |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Lovenorth: 7:30am On Dec 12, 2022 |
Buhari has finished this country and he is now satisfied |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Brimstone77: 7:31am On Dec 12, 2022 |
.... APC urchins are the lowest species of human I have ever seen.. They ain't supposed to exist in the midst of humans.. God will never forgive anyone they will enthrone another disaster on Nigerians under any guise.. F**Lish sets of ediots!! Upon all the red flags the old ugly looking crook is showing some brainless urchins are still supporting and campaigning for him... Mad people!! |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by InvertedHammer: 7:31am On Dec 12, 2022 |
/ To the zombies who think it is by party loyalty, it means someone earning N84k/month, that is N1m/ year will end up using N1.2m approximately to service debt. All in one year. So he needs to borrow N200k extra to add to his salary to service debt in just one year. What about next year? What about the principal? He no go chop? He no go pay rent? He no go live life? That's the position Nigeria is in today and you the victims are blindly supporting APC that put you in the mess. Who dies first loses. Let Natural Selection play its part. / 3 Likes 1 Share |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Curious345: 7:32am On Dec 12, 2022 |
Na waooo.. And the APC is still trying to come back through emilokan.. Their thunder still dey swimming pool |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Curious345: 7:33am On Dec 12, 2022 |
Now Niger Republic is way way richer than Nigerian.. We heard Buhari Is from there |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by ibabz(m): 7:34am On Dec 12, 2022 |
If this doesn’t scare you… this means we need the 100% revenue plus extra 23% loan just to service the existing loan alone. We would then need more loans to pay salaries and other recurrent expenses. Do not expect any magic from whoever wins the forthcoming presidential election. That person is just coming to start signing loan servicing. This is loan servicing not repayment. Nigeria is doomed, all thanks to APC. 3 Likes |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Preferito(m): 7:34am On Dec 12, 2022 |
A |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by bjtinz: 7:35am On Dec 12, 2022 |
Well, if it's terms of critical infrastructure, particularly roads, you really can't in good conscience fault this govt. One can clearly see the impact Recently drove from Abuja to Makurdi, and what used to be nightmare is now sweet, smooth double lane all through, save for some few portions. FYI not a fan of this govt, BTW |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Brushstrokes20: 7:35am On Dec 12, 2022 |
Dammmmmmmmnnnn it! Lifeless govt of self serving crooks and sadistic criminals ![]() |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Brushstrokes20: 7:35am On Dec 12, 2022 |
Dammmmmmmmnnnn it! Useless govt of self serving THIEVES AND BLOODTHIRSTY TERRORISTS ![]() VOTE WISELY COME 2023 |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by osazsky(m): 7:35am On Dec 12, 2022 |
You go soon see one Muslim yoruba idiot shouting that even America borrows just watch before we reach page 3 4 Likes |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by alizma: 7:36am On Dec 12, 2022 |
More reason why Tinubu is needed before it's too late |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by bonnyhope: 7:37am On Dec 12, 2022 |
The next president has alot to do If he really wants to normalise tbings |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by MondayOsunbor(m): 7:37am On Dec 12, 2022 |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Ochemicals: 7:37am On Dec 12, 2022 |
bjtinz:And you think it's good to borrow and build roads and become broke. Then borrow to feed yourself and take care of other expenses. Is that how you run your life? 1 Like |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Igba123: 7:38am On Dec 12, 2022 |
E don set. Where are the clueless supporters of this clueless government to tell us what this means whether progress or retrogression. 1 Like |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by MondayOsunbor(m): 7:38am On Dec 12, 2022 |
alizma: MAY THUNDER FIRE YOU AND TINUBU TOGETHER ! |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Fiscus105(m): 7:38am On Dec 12, 2022 |
With this, who will be able to perform among the incoming president? |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by MondayOsunbor(m): 7:40am On Dec 12, 2022 |
bjtinz: yes again you commot some of the tarmac spread butter over it and eat it ! idiot! |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by BigBizzy(m): 7:40am On Dec 12, 2022 |
Always remember the incompetency of buhari and apc...don't make same mistakes with tinubu...vote wisely. Vote out apc |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Mide1data: 7:41am On Dec 12, 2022 |
The big question is, IS NIGERIA REDEEMABLE? |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Blaze14k: 7:42am On Dec 12, 2022 |
This is tinubu's doing |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Ochemicals: 7:43am On Dec 12, 2022 |
Fiscus105: It seems the whole Jonathan corruption thing was propaganda. This is what they aimed at. I cannot imagine what APC would have done if this was the case in 2014. Pdp is not good in opposition. |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Ochemicals: 7:44am On Dec 12, 2022 |
Mide1data: It's not. Nigeria has entered a vicious cycle of debt. Vicious circle of debt is called the debt trap. When someone borrows money but has no means to pay it back (because of lifestyle or because of circumstances beyond his/her control), he/she has to borrow higher amount to pay the original debt. And then higher amount at higher rates to pay off 2nd loan and then even higher amount and interest rate then before and even higher and so on. And, then it reaches a point from where you can not borrow any more and the. You will have no option but to declare bankruptcy- throw in the towel. It is the same with Ponzi scheme but instead of not being able to pay interest (in loans), not able to pay higher promised returns. 2 Likes |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Nobody: 7:45am On Dec 12, 2022 |
The world bank is complicitbin the nations economic woes. Why lend to leaders who are irresponsible with money? I am yet to see any African country that has developed economic all with world bank loans. 1 Like |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by ednut1(m): 7:48am On Dec 12, 2022 |
Rubber stamp senate allowed this o 1 Like |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by PHIPEX(m): 7:56am On Dec 12, 2022 |
And they are still borrowing. What sort of hyper irresponsibility is this? |
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