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Nairaland Forum / Nairaland / General / Politics / Debt Servicing To Gulp 123% Of 2023 Revenue (7946 Views)
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Debt Servicing To Gulp 123% Of 2023 Revenue by Racoon(m): 7:08am On Dec 12, 2022 |
The World Bank has projected that debt servicing will gulp 123.4 per cent of the Federal Government’s revenue in 2023.https://punchng.com/debt-servicing-to-gulp-123-of-2023-revenue/?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1670808013 2 Likes 1 Share
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Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Racoon(m): 7:09am On Dec 12, 2022 |
Hope the govt and its hoardes of high graded mummified zombies are well pleased now? See how the failed clueless, senseless, inept and corrupt government of super-looters chronic borrowers have bequeathed to a once 3rd fastest growing economy in Africa and the world? They were reminded that debt servicing is not the same as debt payment, fools claimed they are wise bit instead are stupidly mortgaging this already battered nation into chronic financial indebtedness. What a bunch of dimwits. 84 Likes 8 Shares |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Racoon(m): 7:10am On Dec 12, 2022 |
In his presentation document, the World Bank lead economist for Nigeria noted that borrowing more money was not the solution for Nigeria.Meanwhile hear the people we have in government; "Nigeria have not borrowed enough" - Finance Minister. "Why NASS continues to approve more borrowing despite rising debts" - Lawan https://www.google.com/amp/s/www.vanguardngr.com/2021/06/why-nass-continues-to-approve-more-borrowing-despite-rising-debts-lawan/amp/ "We will borrow more to fund critical infrastructure" - says FG https://www.google.com/amp/s/www.vanguardngr.com/2021/02/we-will-borrow-more-to-fund-critical-infrastructure-says-fg/amp/ 22 Likes 3 Shares |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by handsomeyinka(m): 7:12am On Dec 12, 2022 |
Tinubu is coming to fix it. 2 Likes 1 Share |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by noskcid(m): 7:12am On Dec 12, 2022 |
Where these people dey when dem Dey borrow before? |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Crystil: 7:13am On Dec 12, 2022 |
Nigeria my country and 2 Likes |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by chiefolododo(m): 7:13am On Dec 12, 2022 |
R |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Enemyofpeace: 7:13am On Dec 12, 2022 |
I pity the next administration that would take over from this satanic government ..I was shaving my private part using my phone as a touch suddenly I heard notifications only to see that I was live on tiktok 22 Likes |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Favourchris(f): 7:13am On Dec 12, 2022 |
ApC rat will still defend 23 Likes |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by FrancescoFarino(f): 7:13am On Dec 12, 2022 |
Hope they won't have to sell us the citizens off ,to raise money for the debt they took to enrich themselves. 8 Likes |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by ObiLamba: 7:14am On Dec 12, 2022 |
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Re: Debt Servicing To Gulp 123% Of 2023 Revenue by ezechi242: 7:14am On Dec 12, 2022 |
The innocent citizens keep paying for sins they never committed....tufiakwa 8 Likes |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by BabaCommander: 7:15am On Dec 12, 2022 |
Nigeria is sick 2 Likes |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by marlow1962(m): 7:15am On Dec 12, 2022 |
Wertin dem use d debt do? Una nva srr anytin, continue recycling fools. 7 Likes |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Racoon(m): 7:15am On Dec 12, 2022 |
Then someone is telling us bullshit about continuity? Are we really thinking in this country @ all? 15 Likes
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Re: Debt Servicing To Gulp 123% Of 2023 Revenue by LibertyRep: 7:16am On Dec 12, 2022 |
123% |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Boyooosa(m): 7:16am On Dec 12, 2022 |
Wow |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by symbianDON(m): 7:17am On Dec 12, 2022 |
ApC!!!!! Top to bottom! 11 Likes 1 Share
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Re: Debt Servicing To Gulp 123% Of 2023 Revenue by owobokiri(m): 7:17am On Dec 12, 2022 |
The more reason why Nigerians should be very careful in terms of who they will vote for as the president next time. Always always be careful of candidates that constantly prioritize their loyalties to the western world more than Nigeria All these people going to meet westerners in Washington and London before every elections are the ones responsible for this. They have traded off the country for political support to be president It's the main policy of the imperial Western world to dubiously budden developing states with excruciating loans in other to turn the people into slaves in their own land. As it stands today, Nigerians are working for the Western world through the interest payments on the dubious loans obtained from different western financial institutions by Evil government imposed on us by Obama and Cameron! Remember their support for Buhari? Buhari has payed back through the loans but we are all bleeped now! 5 Likes |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by MrHighSea: 7:17am On Dec 12, 2022 |
Even America is owing. Debt is not bad as it was used to lift Nigerians out of poverty, procure weapons to subdue insurgents and improve agro production. One day, China will zip-line into Asovilla in ninja style and arrest whoever is the president, compel us to speak mandarin and pay huge tax in yuan. It might be what we need to vote without tribe, religion and party. 9 Likes 1 Share |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by WibusJaga: 7:17am On Dec 12, 2022 |
. Nigeria is Sick &some Sick people expect a Sick person to come rescue a Sick Country No be juju be that. ![]() 10 Likes 1 Share |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Offpoint1: 7:17am On Dec 12, 2022 |
H |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by kingsways: 7:19am On Dec 12, 2022 |
Wao |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Greystone: 7:24am On Dec 12, 2022 |
And the only remedy for this will be to borrow even more money and plunge the country further into debt. Clueless wicked selfish people 2 Likes |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by MrPresident1: 7:25am On Dec 12, 2022 |
Let them borrow money to service the debts now, as long as there are still donors to give us money Let China borrow us money 1 Like |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by MrPresident1: 7:25am On Dec 12, 2022 |
When they borrow us the money, we can use it to buy food and eat 1 Like |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by PreacherMan007: 7:25am On Dec 12, 2022 |
Buhari and his APC cankerworm are a curse to Nigeria and the masses. Peter Obi is a blessing. Vote someone who carries a blessed gene so that the country can be the headquarters of blessings among her peers in Africa. Vote Obi/Datti. Vote LP. 7 Likes |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by omowolewa: 7:25am On Dec 12, 2022 |
123.4% means we are going to borrow to service the debts. We failed to act, we are acting to fail. We begged against the debt used on infrastructure that cannot repay itself but our NASS won't listen. Now we are borrowing to pay borrowings 11 Likes |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Kobicove(m): 7:26am On Dec 12, 2022 |
If this is true then it means we have a very serious problem! 1 Like |
Re: Debt Servicing To Gulp 123% Of 2023 Revenue by Clasmanj(m): 7:27am On Dec 12, 2022 |
No be small 1 Like 1 Share |
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