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Nairaland Forum / Nairaland / General / Politics / Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt (7647 Views)
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Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by OmotolaDiego(m): 5:35pm On Aug 06 |
The Delta State Government says it has so far paid over N130 billion out of N465 billion to reduce the debt profile of the state. https://punchng.com/delta-pays-n130bn-out-of-n465bn-inherited-debt/ 11 Likes 1 Share
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Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by OmotolaDiego(m): 6:03pm On Aug 06 |
The late Alamesiagha and Ibori looted the future and the unborn generation of Delta state 31 Likes 3 Shares |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by Promise47(m): 7:12pm On Aug 06 |
Exactly 💯 mostly Ibori OmotolaDiego: 8 Likes 1 Share |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by mrvitalis(m): 7:28pm On Aug 06 |
[b]Why would u do that makes no sense unless interest is high like super high 130 billion can make Delta State University free for life I mean forever and also pay the school fees of all Delta indigenous people in any state or federal Universities across Nigeria Yes I mean it Lets say 13 billion is changed to dollar that's 81 million dollars 81 million dollars invested Into SMP500 gives minimum of 10% annually.. That's 8.1 million dollars Like Norway Delta pass a law to only use 75% of profit and reinvest 25% that's 6 million dollars that's 9.7 billion Delta State University today pays 85,000 as school fees... Let's assume they increase it to 150,000 Delta State University can't have more than 20,000 students but let's assume 25,000 25,000 X 150,000 =3.7 billion 9.7 - 3.7 we have 6 billion balances let's say we have another 25,000 Delta indigenous people schooling outside Delta State University Say average of 200k school fees thats 5 billion We would still have 1 billion change [/b] 21 Likes |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by mytime24(f): 8:48pm On Aug 06 |
billions for naija don make millions look like paper 😳 Every quote for polithieftians now na in billions |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by Lordofalmajiri(f): 8:48pm On Aug 06 |
This is likely the reason we haven’t seen any significant construction or development since sheriff took over…!I think he’s just focused on paying loans okowa borrowed to sponsor Atiku’s presidency 8 Likes 2 Shares |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by Menclothing1: 8:49pm On Aug 06 |
Delta should have better infrastructure than lagos or Akwa ibom but na thief full their leaders mind 13 Likes 1 Share |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by Sonnobax15(m): 8:49pm On Aug 06 |
Sheriff just dey cover him oga,Okowa nyash by all means.... No jobs and no single infrastructure for the whole state.....But Dem wan use different tax take frustrate transporters and shop owners for the state 6 Likes |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by Creamypie(m): 8:49pm On Aug 06 |
some governors go borrow the whole world keep for puppet successor to pay. Oborewori has no right 2 complain. As speaker, they approved the loans, which were shared among themselves. Ordinary Achalla-Ibusa road of 5km to link igbuzor 2 asaba from inside town, them dey do am since 2016.them go wait till raining season to dig the whole road, and abandone it till next raining season to dig the road. No work done during seven months of dry season 3 Likes |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by omoadeleye(m): 8:49pm On Aug 06 |
mrvitalis: This is how to know those chronic bad debtors 1 Like |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by Kobojunkieee: 8:49pm On Aug 06 |
OmotolaDiego:Una don get una money back from those thieves abi una dash them be that? 1 Like |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by Angelfrost(m): 8:50pm On Aug 06 |
By the time PDP is done with Delta state ehn...! Ibori Uduaghan Okowa 24 years of nonstop looting since 1999...! Sheriff has already started looting his own share. 6 Likes |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by itelima: 8:52pm On Aug 06 |
Nigerians can believe anything.... Liar 1 Like 1 Share |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by alphaNomega: 8:52pm On Aug 06 |
Promise47:it is because Nigeria rewards criminals, especially big shot criminals 1 Like |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by RataNata(m): 8:52pm On Aug 06 |
Who will he blame for the debts? 1 Like |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by Sonnobax15(m): 8:53pm On Aug 06 |
OmotolaDiego:. Alamesiagha, governor of Delta state? . 5 Likes |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by mrvitalis(m): 8:53pm On Aug 06 |
omoadeleye:Debt is not bad not at all If the interest for this debt is say 8% that's 10.4 billion And u have what to invest the 130 billion into to earn 25 billion yearly it's foolish to pay back the loan Loan becomes a problem if and only if revenue is less than or equal to debt servicing 3 Likes 1 Share |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by alphaNomega: 8:53pm On Aug 06 |
Kobojunkieee:their money no fit finish so that one na dash |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by Reloadedisraelp: 8:54pm On Aug 06 |
OmotolaDiego:wrong it was okowa via Emmanuel Uduaghan those two fools suppose b in jail |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by Kobojunkieee: 8:55pm On Aug 06 |
alphaNomega:Tufiakwa! |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by alphaNomega: 9:13pm On Aug 06 |
Sonnobax15:nothing we no read for nairaland. e fit be say dem collabo like how tinubu and wike dey run things now. because d post no say Late Alamieyeseigha be delta state guvnor one good thing Alamieyeseigha will be remembered for is that he contributed to stop Obasanjo's 3rd term ambitions. Which was the flashpoint for his political witch hunting home and abroad. Alamieyeseigha was not alone in this fight, but he was hit hard. His gift to Nigeria was that we will not have a Paul Biya, Kagame or any of those other perennial african heads of state that will rather die in office than step aside for the young generation. 1 Like |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by Kennedy97: 9:20pm On Aug 06 |
Creamypie: That one wey pass back of airport wey them done chop Dey money Dey come since them done finally do am. Them go do this one too 1 Like |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by Funflipper: 9:30pm On Aug 06 |
OmotolaDiego: How much did Ibori loot compared to uduaghan and okowa? |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by NothingDoMe: 9:38pm On Aug 06 |
OmotolaDiego:Ala who? |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by Festy4u(m): 9:38pm On Aug 06 |
Sonnobax15: They will just come on social media and be typing rubbish! What has Alamesiagha to do with Delta state? |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by omoadeleye(m): 9:41pm On Aug 06 |
mrvitalis: But the state debt rating will be low because their gearing will be to high. |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by mrvitalis(m): 10:01pm On Aug 06 |
omoadeleye:Debt ratings is done by ability to pay back |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by Augustu33: 10:04pm On Aug 06 |
OmotolaDiego:What about Emmanuel Uduaghan, is it because he was not caught? 1 Like |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by Validated: 10:21pm On Aug 06 |
OmotolaDiego:Alimesiagha is from Delta? |
Re: Delta Pays ₦130 Billion Out Of ₦465 Billion Inherited Debt by Brown2012: 10:27pm On Aug 06 |
OmotolaDiego:The kind of money okowa looted, Ibori hasn't seen it in his life time. |
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