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Nairaland Forum / Nairaland / General / Politics / Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report (10371 Views)
Nigeria’s Debt Servicing Surpasses Revenue By N310bn / 2022 Budget: Reps Fear Economy Collapse, Says Debt Servicing Too High / Debt Servicing Rises, Gulps 72% Of FG Revenues (2) (3) (4)
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Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by dre11(m): 8:06pm On Jul 21, 2022 |
The cost of servicing debt surpassed the federal government’s retained revenue by N310 billion in the first four months of 2022. https://www.thecable.ng/breaking-debt-servicing-finally-surpasses-revenue-as-fg-releases-q1-data/amp 1 Like |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by NwaNimo1(m): 8:07pm On Jul 21, 2022 |
53 Likes 3 Shares |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by Jessyjeff: 8:09pm On Jul 21, 2022 |
Folks, it's official: Nigeria is BROKE! It's the economy, stupid!! 72 Likes 6 Shares |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by RoyalDiadems: 8:14pm On Jul 21, 2022 |
To every Nigerian out there who is tired of this current Nigeria and who has a burning desire for national rebirth, join The Take Back Nigeria Movement on Telegram. Let's build the largest Telegram Political Movement in Africa where we can speak with one voice and unite to retake our country. Our Target is to have 20 mlllion Obidients in an unsurmountable United force against all oppositions and oppressive powers. Download the Telegram App. Search for Take Back Nigeria Movement and Join. Nigeria Shall Be Great Again. 84 Likes 3 Shares |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by Nobody: 8:15pm On Jul 21, 2022 |
This is what happens when a country elects useless leaders... 70 Likes 5 Shares |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by Blackfire(m): 8:16pm On Jul 21, 2022 |
No cause for alarm We the youths are solidly behind our darling president Let's give him time to set Nigeria on the right course Up APC UP BUHARI UP NIGERIA structure less party don't quote me 3 Likes |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by ajekpaks(m): 8:31pm On Jul 21, 2022 |
lol 1 Like |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by treesun: 8:36pm On Jul 21, 2022 |
dre11: Buhari and APC, condemned Nigeria to abysmal! 26 Likes 3 Shares |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by Omihanifa: 8:46pm On Jul 21, 2022 |
It’s now so obvious that the country is broke. 27 Likes 1 Share |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by sweetonugbu: 8:53pm On Jul 21, 2022 |
There is fire on the mountain. 35 Likes 2 Shares |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by inoki247: 8:53pm On Jul 21, 2022 |
make FG file for Bankruptcy maybe dem go help dem clear the money ![]() ![]() ![]() ![]() The next president go speak in tongue bkuz Buhari really damage things I no know the miracle wey d person wan perform... 34 Likes 3 Shares |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by Penguin2: 8:54pm On Jul 21, 2022 |
Ladies and gentlemen, we are forked! But the only reason I’m not jittery is because Peter Obi Will right these wrongs. Just that they are making his work more difficult 38 Likes 2 Shares |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by ExplorerReturns(m): 9:23pm On Jul 21, 2022 |
If buhari remains in power 2 years from now Nigeria will collapse because there won't be money for Nigeria to pay her debts 15 Likes 2 Shares |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by Racoon(m): 9:30pm On Jul 21, 2022 |
They were warned that reckless borrowings and loans are not the immediate solution to all the economic problems but the impulsive nature to borrow & loot beclouded their sense of sound judgement. Now here we are. We're not even meeting up with servicing these humongous debts let alone paying them. This disastrous govt economic policies have simply mortgaged the nation into eternal indebtedness. 31 Likes 5 Shares |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by Obidient4life2: 9:30pm On Jul 21, 2022 |
Sri Lanka loading... Obi abeg do come ooo 13 Likes 2 Shares |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by nameo: 9:33pm On Jul 21, 2022 |
To simply explain this: All the money made by Nigeria is used to pay INTERESTS (i.e service the debts but not actually pay the debt). So every other money spent by Govt for capital and recurrent expenditure (e.g paying of salaries) has to be BORROWED. The loans therefore kept growing, the actual debts keep growing whilst the interests to be paid on such debts also increases. We are in deep shiit in this country!!! 41 Likes 3 Shares |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by mrvitalis(m): 9:47pm On Jul 21, 2022 |
This is why I don't beg people to vote Peter obi ...we go hear am if atiku or tinubu enter Politics should be put aside now and hire only the best brains if we are to stand a chance ... 37 Likes 1 Share |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by Cantonese: 9:51pm On Jul 21, 2022 |
With APC anything can happen. 5 Likes 2 Shares |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by donofdons: 5:32am On Jul 22, 2022 |
Lol |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by Mrkumareze(m): 5:33am On Jul 22, 2022 |
This news came from IPOB ![]() ![]() ![]() Cc Helinus Mannabbqgrill 15 Likes 1 Share |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by tobidipity(m): 5:33am On Jul 22, 2022 |
China dey for us. Bambihala bubu abeg go borrow more money |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by BluntCrazeMan: 5:35am On Jul 22, 2022 |
We are in deep wahalla oo 2 Likes 1 Share |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by cern: 5:35am On Jul 22, 2022 |
I dey imagine the kind violence wey china go launch on top Nigeria when Dem start to dey ask for all this their money. 5 Likes 1 Share |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by swaggerjack: 5:35am On Jul 22, 2022 |
Country is bankrupt the fantastically corrupt politicians have finished the country. https://www.youtube.com/watch?v=Wg7lfHL_l1w 2 Likes 1 Share
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Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by dadebayo1(m): 5:37am On Jul 22, 2022 |
Last last China will take over ![]() 3 Likes 1 Share |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by Tareq1105: 5:37am On Jul 22, 2022 |
RoyalDiadems: Hope all those justing to be president are reading this bcoz we don't want excuses o. |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by Moh247: 5:38am On Jul 22, 2022 |
Mambila power project can service its own debt, same as the Chinese rails |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by Tareq1105: 5:39am On Jul 22, 2022 |
At times I wonder if we had egg heads in this country. 1 Like |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by underpinna: 5:39am On Jul 22, 2022 |
We told them that they will suffer but they didn't hear us. Now, look at what you have done to the country. GEJ was re-branding Nigeria, you guys said no now Naija don gas finish. 13 Likes 1 Share |
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by swaggerjack: 5:40am On Jul 22, 2022 |
NwaNimo1: 1 Like 1 Share
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Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by anonymuz(m): 5:42am On Jul 22, 2022 |
nameo:please who's the finance minister? |
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