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Nairaland Forum / Nairaland / General / Politics / Debt Service Gulps 70% Of Dollar Outflow In Q1 (5021 Views)
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Debt Service Gulps 70% Of Dollar Outflow In Q1 by adenigga(m): 6:29am On May 11 |
Nigeria spent about 70% of its dollar payments to service external debts between January and March 2024. https://dailytrust.com/Debt-Service-Gulps-70%-Of-Dollar-Outflow-In-Q1 2 Likes
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Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by helinues: 6:29am On May 11 |
Oh boy. 70%, that's too much now 51 Likes 2 Shares |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by semc: 6:38am On May 11 |
Who do we arrest now 7 Likes |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by Odotech: 6:42am On May 11 |
This is the real truth. Dollar scarcity is not caused by the citizen but by the government. They love borrowing dollars forgetting they will need dollars to pay back. With 70% on loan repayment, businesses, politicians and citizen only has access to the remaining 30% 47 Likes 6 Shares |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by helinues: 6:43am On May 11 |
Odotech: But majority of the serviced debt wasn't obtained by this government 54 Likes 2 Shares |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by CodeTemplar: 6:52am On May 11 |
When we were adopting our current cataclysmic and demonic structure decades ago, the assumption was that we have more than enough money and lacked ideas on how to spend it. If the money has dried up, let us restructure first. Reprioritize. Regress in wastage. No need crying when we still can afford N90 Billion to go an stone the devil in saudi Arabia. 5 Likes |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by CodeTemplar: 6:54am On May 11 |
helinues:the public project the debts were expended on, what are they producing in terms of revenue? Who are they serving? Use that thing God credited you with - the brain. 33 Likes 2 Shares |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by helinues: 6:56am On May 11 |
CodeTemplar: Engage without throwing tantrums. No response for you because of that NL must be changed until you guys start expressing yourself without attacking others We can't be making our comments, Waka, see your comments Waka, but una dey always get issue with ours for no sensible reason.. Obidients to be precise Next 55 Likes 2 Shares |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by Klington: 7:03am On May 11 |
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Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by EmeeNaka: 7:04am On May 11 |
This is not a good news. The APC regime is bereft of ideas. They're run by charlatans and emergency lovers of Nigeria who are bent on borrowing unserviceable amount of loans to build white elephant projects, all in the name of developing their own region. The amount of loans that have been lined up for borrowing will make this current situation a child play in future. 8 Likes 1 Share |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by Kaybaba5(m): 7:07am On May 11 |
Very soon all of us will be used to service debt. This I have seen 2 Likes |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by bigdammyj: 7:07am On May 11 |
Noted. |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by Donwizbro(m): 7:07am On May 11 |
Why is nairaland full of fights and insult nowadays? One can't read through a thread in peace unlike before without seeing insults or fights. We know we're all suffering but at least some of the dragging and insults is not necessary please. 11 Likes 1 Share |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by RealTrump: 7:08am On May 11 |
From d reports, It's the FG that's spending d dollars but dem say na Binance n MoniePoint With d amounts these new ones don borrow n aggressively continue to borrow, 1 year from now 90% of our reserve will be used to service debts...Na that time d naira go truly become shit currency...I predict 3000 to the dollar. 5 Likes |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by mankan2k7(m): 7:08am On May 11 |
What if Nigeria is the hell fire the bible described. What if our successive leaders are the devils and his agent. What if those of us in Nigeria are suffering from our offences we committed when we were living in America, Australia, Canada during our previous lifes and when we now died, God sentenced us to hell fire called Nigeria. What if the Europeans are living in heaven now. All these thoughts in my head. 4 Likes |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by tctrills: 7:08am On May 11 |
helinues:All thanks to the enemies of Nigeria 1 Like |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by RealTrump: 7:09am On May 11 |
helinues: True, but this government saw everything n claimed they can fix it. Nobody begged them to run for presidency. 7 Likes 1 Share |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by PlasmaTV: 7:09am On May 11 |
Fire brigade approach!!! |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by tctrills: 7:10am On May 11 |
helinues:Yes but by a government supported by this government. Good men do not support evil governments. So you have an idea of the people we presently have in power. 10 Likes 2 Shares |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by helinues: 7:11am On May 11 |
RealTrump: Ordinary husband and wife in same roof, some people can't even handle it not to talk of complicated Nigeria. If we expected things to start getting straight even upon rots in the system, then it must have been as usual GEJ and Buhari's term as they were busy borrowing money to shock things which eventually led to this 27 Likes |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by tctrills: 7:12am On May 11 |
helinues:And now you are throwing trantrums on Obidients. Funny people 10 Likes 2 Shares |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by jiz: 7:12am On May 11 |
Oil dey yaa head ![]() Odotech: 3 Likes |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by helinues: 7:13am On May 11 |
tctrills: If this government is indeed evil, reasonable number of you would have forgotten about anything like freedom of speech, evil government won't allow that. Flopped bunkum 4 Likes |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by jiz: 7:13am On May 11 |
Trash....no be same APC government? helinues: 8 Likes |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by HNICEARTH: 7:14am On May 11 |
helinues: Obtained by APC government (buhari), supported by Tinubu. All nah APC! So it's still same same 9 Likes |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by helinues: 7:14am On May 11 |
jiz: HNICEARTH: Here we go, Pdp was a saint party which didn't borrow a dime. See, we can't progress as a country if our arguments are always one sided 3 Likes 1 Share |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by tctrills: 7:14am On May 11 |
Donwizbro:What do you expect. You expect it to be filled with happy people celebrating? Your evil gov has turned us all into enemies. Lock 10 men in a room and give them just a slice of bread and see if they don't turn to enemies. 5 Likes |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by tctrills: 7:16am On May 11 |
helinues:Ok the gov is actually very holy. They give you some freedom of speech as long as you are hungry and poor. You are making sense. This is the best gov ever. As long as you don't get arrested for typing on Nairaland then Tinubu is the greatest thing after sliced bread 5 Likes 1 Share |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by Bubu4Sea: 7:17am On May 11 |
Naira go soon nose dive 1 Like |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by DatNiggaDaz: 7:20am On May 11 |
helinues: ![]() ![]() At least PDP saw that tge debts was once cancelled. Your party APC what have they done deaths, terrorism, unemployment ethnic cleansing Inflation economic Depression, bigotry Religious supremacists etc Dis man, you don turn demotivational speaker ? ![]() You think like this when you gathered your ills at ojota ? Did you ever have this sllimy thoughts during GEJ's era ? Dis man, dey calm down with lies deceit & hypocrisy ![]() ![]() 9 Likes 1 Share |
Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by helinues: 7:21am On May 11 |
tctrills: Again, talk about your present situation, don't use it to judge others. We knew government don't put food on masses table, hence face our hustle, whatever government policy shall favour us IJN. Nigeria is a capitalist country, riches are the priority, democracy is just another set of scam as USA proofed that to the world. If 70% of Americans can be against the congress passing $8bn or so in foreign aids while there are millions of Americans homeless,yet the bill was passed , one of many, the. what such of democracy is that where the opinions of the masses do not matter . It's time for Nigerians to accept the reality and stop blaming government about their woes, they have never cared, why waiting for miracle this time? A friend always give excuse of no light, I asked him a simple question, back then when we were in the same street of Lagos hustling, was there stable light, he said no,so if decades after , you are still waiting for NEPA to bring light without you having alternative, then he must be the unserious one here not the Nepa 4 Likes 1 Share |
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