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Nairaland Forum / Nairaland / General / Politics / Stay Away From Borrowing More - DMO Warns FG (10064 Views)
Court Stops Ganduje From Borrowing ₦10 Billion For CCTV / SERAP Asks Buhari To Stop Governors From Borrowing ₦17Trn From Pension Funds / Lagos State Has Highest Foreign Debt In The Country- DMO (2) (3) (4)
Stay Away From Borrowing More - DMO Warns FG by nlfpmod: 8:39am On Jun 23, 2023 |
The Debt Management Office (DMO) has issued a warning to the Federal Government (FG) against additional borrowing, citing that 73.5% of this year’s revenue will be used to service debt. According to the DMO, this high Debt Service-to-Revenue ratio is unsustainable and poses a threat to debt sustainability. https://www.google.com/amp/s/www.channelstv.com/2023/06/22/stay-away-from-borrowing-more-dmo-warns-fg/amp/ 7 Likes
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Re: Stay Away From Borrowing More - DMO Warns FG by TemplarLandry: 8:40am On Jun 23, 2023 |
Yes this is advisable. The BuHarry regime nearly sank Nigeria into a cesspool with its wanton borrowings. President Tinubu will focus more on IGR and proper management of our oil revenue. Nigeria is self-sufficient, it's just that some unpatriotic elements have put us in a chokehold for too long through misappropriation of public funds through the oil subsidy scam and other vices. President Tinubu GCFR brings #RenewedHope 💜 Nigeria will be great again. I dedicate “Olorun” by Asake to PBAT. 10 Likes |
Re: Stay Away From Borrowing More - DMO Warns FG by ManWater: 8:42am On Jun 23, 2023 |
Very good & timely warning. Buhari almost finish this country with borrowing. 12 Likes |
Re: Stay Away From Borrowing More - DMO Warns FG by captainzee4life(m): 8:43am On Jun 23, 2023 |
Nice advice. 1 Like |
Re: Stay Away From Borrowing More - DMO Warns FG by helinues: 8:43am On Jun 23, 2023 |
The subsidy that's consuming most of the loan debts have been removed. We need to be worried about how to reduce our debt ceiling 12 Likes |
Re: Stay Away From Borrowing More - DMO Warns FG by EleventhWeirdo: 8:47am On Jun 23, 2023 |
Tinubu is a genius and he has plans for this 5 Likes |
Re: Stay Away From Borrowing More - DMO Warns FG by Olukat(m): 8:48am On Jun 23, 2023 |
Why sound this warning now, isn't it too late? ![]() ![]() During Gen. Buhari regime all manners of statistics were released pointing to the fact that our GDP supports the massive borrowing ![]() ![]() What has changed in 3 weeks? ![]() ![]() 37 Likes 3 Shares |
Re: Stay Away From Borrowing More - DMO Warns FG by OgbeniOja1: 8:48am On Jun 23, 2023 |
Buhari and APC has finished Nigeria 11 Likes |
Re: Stay Away From Borrowing More - DMO Warns FG by ADUBA1(m): 8:49am On Jun 23, 2023 |
Buhari was a disaster 7 Likes |
Re: Stay Away From Borrowing More - DMO Warns FG by nairalanda1(m): 8:49am On Jun 23, 2023 |
Exactly As the DMO said, we need to make more money by raising our tax to GDP ratio That is also why we had to remove subsidy as it was driving up borrowing. Yeah, Tinubu and Buhari are hypocrites, but right now we have issues that need action. Kvetching don't help. 4 Likes |
Re: Stay Away From Borrowing More - DMO Warns FG by emmabest2000(m): 8:50am On Jun 23, 2023 |
Na those wey get ears dey hear advice 6 Likes 1 Share
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Re: Stay Away From Borrowing More - DMO Warns FG by specialmati(m): 8:51am On Jun 23, 2023 |
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Re: Stay Away From Borrowing More - DMO Warns FG by onuman: 8:53am On Jun 23, 2023 |
What country on earth will agree on lending money to a country with a president like Tinubu? Approached lender countries may believe that every Nigerian is stupid, that's why they would vote a man like Tinubu to become president. They wouldn't know that presidential election was stolen on behalf of Tinubu by the National Election umpire. 7 Likes
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Re: Stay Away From Borrowing More - DMO Warns FG by juman(m): 8:53am On Jun 23, 2023 |
Government need to borrow five hundred billions dollars. |
Re: Stay Away From Borrowing More - DMO Warns FG by AntiZikist: 8:54am On Jun 23, 2023 |
But this same office, never warned Buhari of borrowing . 11 Likes |
Re: Stay Away From Borrowing More - DMO Warns FG by sofeo(m): 8:54am On Jun 23, 2023 |
It's necessary |
Re: Stay Away From Borrowing More - DMO Warns FG by ojun50(m): 8:55am On Jun 23, 2023 |
Story We never see any tin 1 Like |
Re: Stay Away From Borrowing More - DMO Warns FG by Boyooosa(m): 8:55am On Jun 23, 2023 |
I concur This one dey ground, those yeye RMFAC dey jolt around 114% salary increment to public servant, God punish evil😡 1 Like |
Re: Stay Away From Borrowing More - DMO Warns FG by MONEY247: 8:55am On Jun 23, 2023 |
How would this affect price of garri |
Re: Stay Away From Borrowing More - DMO Warns FG by Lobotomy02: 8:57am On Jun 23, 2023 |
All the warnings over the years, where did it get us to? Bloody basta....rd bamboo looking Buhari borrowed the country into huge debts and did nothing impactful in 8 years. Tinubu's plan is to print and borrow his way out, lets see if he'd restrain himself before the tribunal finally kick him out of that position he holds illegitimately. ![]() 4 Likes |
Re: Stay Away From Borrowing More - DMO Warns FG by id4sho(m): 8:57am On Jun 23, 2023 |
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Re: Stay Away From Borrowing More - DMO Warns FG by mariovito(m): 8:58am On Jun 23, 2023 |
How will they share money? |
Re: Stay Away From Borrowing More - DMO Warns FG by Wealthoptulent(m): 9:00am On Jun 23, 2023 |
Na xo |
Re: Stay Away From Borrowing More - DMO Warns FG by RamessesIV(m): 9:01am On Jun 23, 2023 |
73% Omo Nigeria is broke as hell, painful thing is no one can point to what all those borrowed money was used for nlfpmod: 1 Like |
Re: Stay Away From Borrowing More - DMO Warns FG by Fkmodhi: 9:02am On Jun 23, 2023 |
helinues:Can you tell us where the debt came from Abi nah from GEJ? 2 Likes |
Re: Stay Away From Borrowing More - DMO Warns FG by helinues: 9:04am On Jun 23, 2023 |
Fkmodhi: Sebi GEJ didn't borrow a dime Should you even be mentioning GEJ on this thread, someone who was obtaining loans to pay salary Shame!!! 3 Likes 1 Share |
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