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Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report - Politics (2) - Nairaland

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Nigeria’s Debt Servicing Surpasses Revenue By N310bn / 2022 Budget: Reps Fear Economy Collapse, Says Debt Servicing Too High / FG Releases Circular On Minimum Wage Consequential Adjustment (2) (3) (4)

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Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by HitRun(m): 5:42am On Jul 22, 2022
Nigeria is broke

1 Like 1 Share

Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by dmostcheerful(f): 5:43am On Jul 22, 2022
Nigeria is gradually heading to a failed nation.
If someone with no economic plan for the country comes in after Buhari, someone like the Agbadu and cassava master, Nigeria will finish kpatakpata

1 Like 1 Share

Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by AFONJAPIG(m): 5:43am On Jul 22, 2022
Buhaha
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by Mrkumareze(m): 5:44am On Jul 22, 2022
Moh247:
Mambila power project can service its own debt, same as the Chinese rails

Dis mudafoka again, Chinese rail n Mambila can service its debt, not even to pay..

Sorry to ask, were you born stupid or you inherited it??

5 Likes 1 Share

Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by Moh247: 5:46am On Jul 22, 2022
.
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by AFONJAPIG(m): 5:47am On Jul 22, 2022
Blackfire:
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
you are brain dead... anyway nah hunger go humble ediot like you
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by Atarakpa: 5:53am On Jul 22, 2022
Hope our presidential aspirants are seeing this?
Wahala for incoming president
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by marv1: 6:07am On Jul 22, 2022
Brain dead leaders in finance and governance. Too much borrowing has lead us to this. They were seriously warned not to go always borrowing but the ugly and clueless finance minister and CBN governor have grounded the country finally.
Kudos to them.

3 Likes 1 Share

Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by Nobody: 6:16am On Jul 22, 2022
In coming weeks Nigeria will be so broken to the level nobody will ever have a mouth again be watching

1 Like 1 Share

Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by tunjijones(m): 6:17am On Jul 22, 2022
mrvitalis:
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 ...

So Peter obi will come and clear the debt? You guys are really funny.

Peter obi, like every other politicians only have one thing in mind. To enrich themselves and their family. Nigeria is very broke and I don't see things turning around anytime soon.

Apart from poverty, we have insecurity. Have you ever stopped for once and sincerely ask yourself how Peter obi will stop kidnapping, banditry and boko Haram if he is elected president?

3 Likes 1 Share

Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by Nobody: 6:22am On Jul 22, 2022
The only way out of this is for the govt to stop pms subsidy
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by rollywise(m): 6:23am On Jul 22, 2022
When Peter Obi was saying these things many that support the agbado project felt he was doing over Sabi with figures. It's obvious now. Yet they are not done burrowing o. The may still be two or three burrowing before the leave office. It's called cashing out!

4 Likes 1 Share

Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by CyberHustle: 6:25am On Jul 22, 2022
What a news. God please pity Nigerians.

1 Like 1 Share

Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by seunayantokun(m): 6:26am On Jul 22, 2022
Jessyjeff:
Folks, it's official: Nigeria is BROKE!

It's the economy, stupid!!

Bankrupt, not broke. Let's thank Buhari for a good job.

3 Likes 1 Share

Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by nameo: 6:38am On Jul 22, 2022
dmostcheerful:
Nigeria is gradually heading to a failed nation.
If someone with no economic plan for the country comes in after Buhari, someone like the Agbadu and cassava master, Nigeria will finish kpatakpata

We have to get it right in 2023 or we are completely finished.

Personally, i have activated plans to japa if 2023 brings more of same.

It is now about survival

1 Like 1 Share

Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by MondayOsunbor(m): 6:39am On Jul 22, 2022
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by nameo: 6:43am On Jul 22, 2022
tunjijones:


So Peter obi will come and clear the debt? You guys are really funny.

Peter obi, like every other politicians only have one thing in mind. To enrich themselves and their family. Nigeria is very broke and I don't see things turning around anytime soon.

Apart from poverty, we have insecurity. Have you ever stopped for once and sincerely ask yourself how Peter obi will stop kidnapping, banditry and boko Haram if he is elected president?

You are right that things will really be difficult in 2023 regardless of who becomes President.

But what we need most now is for Confidence and a complete course correction to happen i Nigeria and its economy. That, and serious cost cutting, is the only hope for Nigeria at this point.

And Peter Obi seem to be the only of the 4 Big Presidential candidates that is close to providing this

But you are right. Even with him, it will be very difficult.

The situation is so bleeping terrible

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Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by nedekid: 6:46am On Jul 22, 2022
Hmm, did not bother reading it so it does not depress one this early morning.
This apc gang has driven us to bankruptcy! And we are the cause of it all! Voting on tribe instead of competence. Even a bad and currupt Atiku years 2015 with the little business knowledge he knows wount have run this country to the ground as this heardsman has done.
Now we are in bankruptcy, the likelyhood is that we will default in paying our debt bringing us to junk status. Do folks understand what that means?
If they do, yet and yet again, people want to vote on tribe to bring in the apc and a fellow that continuously thinks of agbado, cassava, garri etc, claiming it is their turn. Not competence oh. A faaji loving high taste, private jet, chop life fellow with questionable past to finally chop all the remaining crumbs, then after the country is finished, hop on the jet and relocate to France while we burn here. The other fellow relocates to Dubai too with his new Arab wife.
Well 2023 is here and those that have sense will vote wisely. Those that have plan B, should activate it.

1 Like 2 Shares

Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by storm001(m): 6:49am On Jul 22, 2022
They should keep borrowing. Rubber stamp Lawan.

1 Like 1 Share

Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by mrvitalis(m): 6:51am On Jul 22, 2022
tunjijones:


So Peter obi will come and clear the debt? You guys are really funny.

Peter obi, like every other politicians only have one thing in mind. To enrich themselves and their family. Nigeria is very broke and I don't see things turning around anytime soon.

Apart from poverty, we have insecurity. Have you ever stopped for once and sincerely ask yourself how Peter obi will stop kidnapping, banditry and boko Haram if he is elected president?
Obi is not like any other politician ...you can keep telling yourself otherwise in other to feel good

Obi is the only politician we know that became poorer after joining politics

What does obi own now that he didn't own in 2006 ? ... obi is from a very very rich family money doesn't freak him like your poorer (mindsets) politician


Can obi clear the debt ? He has demonstrated such capabilities in Anambra ...he has proven to be a good manager of public funds and that's what Nigeria needs now

1 Like 1 Share

Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by tunjijones(m): 6:53am On Jul 22, 2022
nameo:


You are right that things will really be difficult in 2023 regardless of who becomes President.

But what we need most now is for Confidence and a complete course correction to happen i Nigeria and its economy. That, and serious cost cutting, is the only hope for Nigeria at this point.

And Peter Obi seem to be the only of the 4 Big Presidential candidates that is close to providing this

But you are right. Even with him, it will be very difficult.

The situation is so bleeping terrible

It's a lie. Peter obi will not cut any cost. APC said more than that when they were in opposition. It's when you enter aso rock the reality will now dawn on you.

Do you think Buhari doesn't want to do right? Do you think he doesn't want his name to be the one that turned Nigeria around for good. He actually want that but he is just clueless on how to go about it same with Jonathan.

Bros prepare yourself, things wld get worse. The only thing that can change the course of Nigeria is if this system of governance is abolished.

Let's go back to regional style of government just like it's done in the us. But wld Peter obi have the political will to restructure the country?

The answer is no.

4 Likes 1 Share

Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by tunjijones(m): 6:56am On Jul 22, 2022
mrvitalis:

Obi is not like any other politician ...you can keep telling yourself otherwise in other to feel good

Obi is the only politician we know that became poorer after joining politics

What does obi own now that he didn't own in 2006 ? ... obi is from a very very rich family money doesn't freak him like your poorer (mindsets) politician


Can obi clear the debt ? He has demonstrated such capabilities in Anambra ...he has proven to be a good manager of public funds and that's what Nigeria needs now

Guy, can you be sincere with yourself for once? Nigeria is very broke and insecurity is at its peak. Kidnapping is a very lucrative business now.

How wld Peter obi stop that?

Ok if he wins how many senators or house of rep wld be on his side to sign his bills and all that.

Pls you guys should be objective and stop being emotional.
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by tuoyoojo(m): 6:57am On Jul 22, 2022
Those supporting this government, I have you have ur visas for you ,your family and your relatives.

What does APC want to use to campaign, continue from where the failure stopped

Like what PO said, poverty and bad governance knows no tribe or region.

What would it benefit you when the 30,500 they pay you every month gets finished. Then you would be complaining, whereas na u join bring them come

Nigeria is going, help your country

3 Likes

Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by nameo: 6:58am On Jul 22, 2022
tunjijones:


It's a lie. Peter obi will not cut any cost. APC said more than that when they were in opposition. It's when you enter aso rock the reality will now dawn on you.

Do you think Buhari doesn't want to do right? Do you think he doesn't want his name to be the one that turned Nigeria around for good. He actually want that but he is just clueless on how to go about it same with Jonathan.

Bros prepare yourself, things wld get worse. The only thing that can change the course of Nigeria is if this system of governance is abolished.

Let's go back to regional style of government just like it's done in the us. But wld Peter obi have the political will to restructure the country?

The answer is no.

Peter Obi actually cut cost massively in Anambra. And it seems that that is his personal character even way before he became Gov.

This is not surprising as that is how i am personally: i hate superflous and unnecessary spending.

I agree that Nigeria is in deep straits sha.

1 Like

Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by omenka(m): 7:02am On Jul 22, 2022
This is the most disgusting and frightening news I've read about this country in recent times.

Buhari, there's no excusing this one. It is horrible as can be.

1 Like

Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by Honjoshy4u: 7:03am On Jul 22, 2022
Buhari, Osinbajo, APC and Tinubu has crippled Nigeria

1 Like

Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by MondayOsunbor(m): 7:07am On Jul 22, 2022
nameo:


We have to get it right in 2023 or we are completely finished.

Personally, i have activated plans to japa if 2023 brings more of same.

It is now about survival


oga it is already too late

let me explain SERVICING DEBT (INTEREST ON A LOAN ) IS MORE THAN EARNNING
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by MondayOsunbor(m): 7:08am On Jul 22, 2022
nameo:


Peter Obi actually cut cost massively in Anambra. And it seems that that is his personal character even way before he became Gov.

This is not surprising as that is how i am personally: i hate superflous and unnecessary spending.

I agree that Nigeria is in deep straits sha.


PETER OBI IS NOT A MAGICIAN

WE WILL ALL SUFFER WELL WELL BEFORE IT GET BETTER IF IT WILL EVEN
Re: Debt Servicing Surpasses Revenue As FG Releases Q1 Fiscal Report by nnewsnjobs: 7:10am On Jul 22, 2022
Am just pitying the next president because what is on ground would make it very difficult for him to perform.

This administration borrowed so much money and we can't really feel the effects of the borrowed money.

Now the country is soak in that dept, to borrow another one now would be wahala because we don reach our maximum limit.

1 Like

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