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FG Paid $700 Million On Debt Servicing, Edun Tells Senate - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG Paid $700 Million On Debt Servicing, Edun Tells Senate (4381 Views)

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Re: FG Paid $700 Million On Debt Servicing, Edun Tells Senate by Segzy19: 8:07pm On Jul 05, 2024
Which Kain mumu talk be dis?

oyeb15:
A common man on the street knows Nigeria economy than this dumb finance minister.

The day I see him speak like a scared chicken while delivering one year achievement, I know Nigeria is in trouble.
Re: FG Paid $700 Million On Debt Servicing, Edun Tells Senate by mapet: 10:12pm On Jul 07, 2024
AdeCityzen:
Sir, you did well to explained that, but i'm not an analyst neither an economist, i'm still a learning student. It's obvious that you're an elder on here and seeing that you rarely make comments on here yet you took your time to enlighten me more about the news, big thanks to you sir. Can you be my mentor?

It is for a reason I chose your earlier post. I am not trying to make you feel less, rather to point a lesson. Many a times we make emotional laden posts from a position of ignorance. A lot of our young ones are being misled with "influencers" who themselves are empty, cannot decipher and just pander to the heard.

It is not compulsory to follow a position just because that is what the "Youth" think. The danger is that we end up misguided and we take irrational decisions. Look at Kenya for example. They went to the street on a needless protest. They did not even understand the critical issues at hand and the available options to them. They destroyed their infrastructures, looted small businesses, people died and receeded their limited growth by 2yrs (according to the President). I can tell you that 6months from now, Kenya will swallow their pride and take this same option they protested about... problem is that they will be in worse position.

We should be stimulating higher levels of intellectual conversation here, rather than a needless resort to throwing insults, castigating everything that comes from Govt. For example, we had a $700m debt overhang, if not paid now, then when? How much will it have amounted to if we waited 1yr? What is the upside of having paid this debt? what value is it bringing in ? How do we mitigate problems that lead us to debt and how can we turn it to excess? What this money was borrowed to execute, what value has those project returned?

I want some of you to come out of the pack. You're more intelligent than the average...
Re: FG Paid $700 Million On Debt Servicing, Edun Tells Senate by AdeCityzen(m): 7:29am On Jul 08, 2024
Thank you sir. You really dig well into the root cause of all this problem. The Influencer & sentimental part is currently the wide crisis we need to kick against, those dullard influencer just want to earn money not minding the kind of news & videos they are inculcating on the young folks outhere. Once again thank you sir, God bless you! I'll be following

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