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Nairaland Forum / Nairaland / General / Politics / Nigeria Sinking Into Another Debt Trap - Punch Editorial (11742 Views)
Babangida: Nigeria Sinking In The Hands Of Incompetent Leaders / Mbaka To Buhari On IPOB Sit-at-Home: Negotiate With Igbos, Nigeria Sinking / Buhari Is Pushing Nigeria To New Debt Trap - Punch Editorial (2) (3) (4)
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Nigeria Sinking Into Another Debt Trap - Punch Editorial by Bobloco: 9:15am On Jul 08 |
NIGERIA is sinking deeper into another debt trap. This is after the country’s debt-to-GDP ratio recently crossed the 50 per cent threshold for the first time since 1991. The Bola Tinubu administration inherited a debt-to-GDP ratio of 38 per cent. But fresh borrowings, securitisation of the Ways and Means advances, a failure to tackle fiscal challenges such as low crude output amid soaring government expenditure, and a sluggish GDP growth rate have pushed the ratio to 52.9 per cent. This is significantly above the prudential debt ceiling of 40 per cent prescribed by the International Monetary Fund for developing countries. https://punchng.com/nigeria-sinking-into-another-debt-trap/ 8 Likes
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Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by AuntyJolade(f): 9:16am On Jul 08 |
The honest truth. Tinubu's inglorious regime will start witch-hunting the Punch newspaper now. What a tyrannical government. 96 Likes 10 Shares |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by SocialJustice: 9:27am On Jul 08 |
Akpabio is senate president and you were expecting better? 93 Likes 6 Shares |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by Treasure17(m): 9:50am On Jul 08 |
Akpabio and his gang of clowns will stamp anything cause the person in charge put him there. 68 Likes 7 Shares |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by GreenxGreen: 9:52am On Jul 08 |
;Shiiiiiiiiii !! The Captain is Jagasleeping 26 Likes 2 Shares
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Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by 001Lagos: 11:04am On Jul 08 |
Tinubu is a big mistake walahi 37 Likes 4 Shares |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by Tradepunter2: 11:05am On Jul 08 |
Ok |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by bosschinalu(m): 11:05am On Jul 08 |
The magic wand Tinubu has .... nvm 7 Likes 1 Share |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by AdesegunSanni89: 11:05am On Jul 08 |
Shior! |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by Curious345: 11:06am On Jul 08 |
Lol Tinubu remains a one term president.. on my dad's grave , I swear that only the hardheaded Yoruba tribalist will vote for him in 2027.. He will not see 2m votes total 26 Likes 6 Shares |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by Eriokanmi: 11:06am On Jul 08 |
AuntyJolade:Yesterday it was a defamatory comment claim by Tinubu on a media house, punch is next. This man gagged the media in lagos when in office as governor. He has succeeded in doing all what he accused the military of, in the 80s/90s. Those who saw him fall at eagles square thought it was the first time. He's been falling like that for years. The media would just cut that side off the camera and he'd pay them handsomely in order not to publish it. Unfortunately, the eagle square fall didn't happen in a secluded environment, the media would have been ordered to cut it off the camera. You call yourself a democrat when you know down your heart that you're the opposite. 48 Likes 8 Shares |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by EyeCumInPiss: 11:06am On Jul 08 |
Hellanus and his fellow zombies are coming for you... 47 Likes 5 Shares
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Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by Medipharm: 11:06am On Jul 08 |
Fact 1 Like |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by specialmati(m): 11:07am On Jul 08 |
Nigerians are funny of all the 200million people na criminal una allow to lead una just like allowing one in the name of integrity in 2015.A thief have only one goal .that's to steal unless he changes but can a thief really change.its long I heard he built Lagos from the sea from his demon possessed agberos.by the way where is our nairaland suya guy mannabbqgriIl 22 Likes 1 Share
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Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by habeeboladimeji(m): 11:08am On Jul 08 |
One chance presido 4 Likes |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by omoredia: 11:08am On Jul 08 |
Sinking or have already sunk? 3 Likes |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by Ewedegubbler: 11:08am On Jul 08 |
Punch is IPOB. They hate tinube 8 Likes 2 Shares |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by Czarugo007: 11:09am On Jul 08 |
That means more taxation on the masses loading 5 Likes 1 Share |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by Standing5(m): 11:10am On Jul 08 |
That's obvious to even the blind. The govt is contented doing whatever it takes to keep the current pattern and structure in place as long as the people dont hit the streets and they can steal loot. Just manage to pay salaries and do inflated short term projects, and have something to justify your reelection by yourself. 5 Likes 2 Shares |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by theophorus(m): 11:10am On Jul 08 |
Debt is good if Invested. On the flip side, Abeg if you dey owe Loan sharks or any of your Paddy, Abeg park for one side ooo cos you no get the leverage to Yab FG for Debt wen dem owe. 2 Likes |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by Samfloxin(m): 11:10am On Jul 08 |
The irony is that Jagaban is totally unaware of the debt,he is unaware of anything happening in Naija. He is only aware that he is the president and goes to sleep the next minute. 16 Likes 1 Share |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by EyeCumInPiece: 11:10am On Jul 08 |
The entire corn3 is sinking under the druggie's rudderless leadership. 22 Likes 3 Shares
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Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by maxiuc(m): 11:12am On Jul 08 |
Yesterday I went to market I bought my fresh tomatoes Thank God for provision Making me afford things that seems to be luxuries to some people I now afford it with ease God will keep blessing me they should keep teaching obi a lesson The lessons they are teaching Obi and obedients are favouring me . 8 Likes 3 Shares |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by Anguldi(m): 11:13am On Jul 08 |
E go reach everybody ai 5 Likes
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Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by AuntyJolade(f): 11:13am On Jul 08 |
Eriokanmi:All your submissions are always apt and truthful. You are one of my favorite nairaland members. 5 Likes 1 Share |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by Bubu4Sea: 11:13am On Jul 08 |
Why am I not surprised Smoking & selling cocaine successfully is not the same as running the country successfully. Emilokan Ebola needs to know that sniffing cocaine can't solve problems 10 Likes 2 Shares |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by ResidentSnitch(f): 11:13am On Jul 08 |
Tinubu is the best the Ronu bandits could present. According to them, he's far better than Osibanjo, Akinwumi Adesina, infact, all the elites and technocrats from Yoruba. That's exactly why they presented him. He is their best. 8 Likes 1 Share |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by Standing5(m): 11:13am On Jul 08 |
AdesegunSanni89:hmmm. Even at personal level, debt is suppose to be invested properly and not used to set up a kiosk for retail of groceries you can consume freely and blame on lack of patronage. That what the useless govt is doing. They take loans, eat it through inflation of contracts on needless projects, and when the projects cant repay the loans, they blame lack of patronage for it like the above grocery store owner I used as example. No feasibility studies to see how this loan can repay itself through projects it is being used for. 5 Likes |
Re: Nigeria Sinking Into Another Debt Trap - Punch Editorial by Confirm4real(m): 11:14am On Jul 08 |
Emilokan really continued from where Buhari stopped as he promised 7 Likes |
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