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Delta Pays ₦‎130 Billion Out Of ₦‎465 Billion Inherited Debt - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Delta Pays ₦‎130 Billion Out Of ₦‎465 Billion Inherited Debt (7713 Views)

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Re: Delta Pays ₦‎130 Billion Out Of ₦‎465 Billion Inherited Debt by Elzazzi: 10:46pm On Aug 06
OmotolaDiego:
The late Alamesiagha and Ibori looted the future and the unborn generation of Delta state

But Alamesiagha was governor of bayelsa state.

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Re: Delta Pays ₦‎130 Billion Out Of ₦‎465 Billion Inherited Debt by blacknp(m): 10:57pm On Aug 06
OmotolaDiego:
The late Alamesiagha and Ibori looted the future and the unborn generation of Delta state
Sharap Uduaghan, then Okowa went to borrow money to finance Malu Atiku’s failed presidential illusion.
Re: Delta Pays ₦‎130 Billion Out Of ₦‎465 Billion Inherited Debt by GenFunction: 11:07pm On Aug 06
Ukpa!!! money wey dem go borrow back
Re: Delta Pays ₦‎130 Billion Out Of ₦‎465 Billion Inherited Debt by Blazebond(m): 11:20pm On Aug 06
Was he not the speaker that was approving all the loan requests of okowa,abeg leave this clown joor

1 Like

Re: Delta Pays ₦‎130 Billion Out Of ₦‎465 Billion Inherited Debt by nairaman66(m): 11:30pm On Aug 06
OmotolaDiego:
The late Alamesiagha and Ibori looted the future and the unborn generation of Delta state

You know nothing of Delta State. Most of the road networks in DS is done by JAMES, no governor has ever come close to 10% infrastructural development done by James. Shut up and get lost!

1 Like

Re: Delta Pays ₦‎130 Billion Out Of ₦‎465 Billion Inherited Debt by NairaMaster1(m): 12:16am On Aug 07
OmotolaDiego:
The late Alamesiagha and Ibori looted the future and the unborn generation of Delta state

Was Alamesigha from Delta state or Bayelsa? Which university did you attend?
Re: Delta Pays ₦‎130 Billion Out Of ₦‎465 Billion Inherited Debt by BALLOSKI: 1:47am On Aug 07
OmotolaDiego:
The late Alamesiagha and Ibori looted the future and the unborn generation of Delta state
Alamieseigha had nothing to do with Delta state.
Re: Delta Pays ₦‎130 Billion Out Of ₦‎465 Billion Inherited Debt by Wizygreat12: 2:01am On Aug 07
As for me Okowa try compare to uduagha before okowa took over delta state already owned 445billion so ibori and uduagha should come and explain to deltans

1 Like

Re: Delta Pays ₦‎130 Billion Out Of ₦‎465 Billion Inherited Debt by loswhite(m): 5:36am On Aug 07
mrvitalis:
[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]
The state is not meant to pay your university fees oga. Wait when you become governor comeback come do this calculation….lol
Re: Delta Pays ₦‎130 Billion Out Of ₦‎465 Billion Inherited Debt by RepoMan007: 5:45am On Aug 07
That Okowa really useless Delta state.
Re: Delta Pays ₦‎130 Billion Out Of ₦‎465 Billion Inherited Debt by Mayflowa(m): 5:58am On Aug 07
mrvitalis:
[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]

Great analysis but you must take into account the debt is bearing interest at a rate over 10% and sometimes over 20%. Debt kills except the interest rate is low and you have equal amount in savings bearing higher interest rate.

Again S&P500 are US stock. Foreign stock takes about 40% of your profit in US. Except there is a way around this.

But you made a great point about investing government money. That is what companies do. Invest is low risk security and watch ur money grow
Re: Delta Pays ₦‎130 Billion Out Of ₦‎465 Billion Inherited Debt by Dicoomoba: 7:17am On Aug 07
OmotolaDiego:
The late Alamesiagha and Ibori looted the future and the unborn generation of Delta state

This is why I don’t engage naira landers on politics because someone like you know little , Did Alamesiagha served in Delta or Bayelsa .?
Re: Delta Pays ₦‎130 Billion Out Of ₦‎465 Billion Inherited Debt by mrvitalis(m): 8:22am On Aug 07
Mayflowa:


Great analysis but you must take into account the debt is bearing interest at a rate over 10% and sometimes over 20%. Debt kills except the interest rate is low and you have equal amount in savings bearing higher interest rate.

Again S&P500 are US stock. Foreign stock takes about 40% of your profit in US. Except there is a way around this.

But you made a great point about investing government money. That is what companies do. Invest is low risk security and watch ur money grow
No debt by States have interest that high
Re: Delta Pays ₦‎130 Billion Out Of ₦‎465 Billion Inherited Debt by Uniquekriss(m): 9:00am On Aug 07
mrvitalis:
[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]

The time you would have spent on LinkedIn and Jobberman, you're here investing your energy on calculating money that your 5th generation won't smell and even the P.A to the Governor who doesn't have an office won't even see your comment let alone the Governor
Re: Delta Pays ₦‎130 Billion Out Of ₦‎465 Billion Inherited Debt by Bizibi(m): 9:10am On Aug 07
Funflipper:


How much did Ibori loot compared to uduaghan and okowa?
it seems you are not from the state.
Re: Delta Pays ₦‎130 Billion Out Of ₦‎465 Billion Inherited Debt by Bizibi(m): 9:13am On Aug 07
Wizygreat12:
As for me Okowa try compare to uduagha before okowa took over delta state already owned 445billion so ibori and uduagha should come and explain to deltans
na okowa and uduaghan.....no argue ooo,I know wetin okowa spend on last election campaign.they outspend ibori faction.
Re: Delta Pays ₦‎130 Billion Out Of ₦‎465 Billion Inherited Debt by Niceme2020: 12:24pm On Aug 07
Tinubu, thank You very much, state governors are now getting more than double allocation since Tinubu came on board. Delta state was collecting around 20 billion naira every month before Tinubu came on board,but today Delta state is now collecting 40 billion naira monthly federal allocation. The prudent governor didn't spend the additional 20 billion naira per month in the last 14 months of President Bola Hammed Tinubu.

1 Like

Re: Delta Pays ₦‎130 Billion Out Of ₦‎465 Billion Inherited Debt by Bsquare1111(m): 5:47pm On Aug 07
mrvitalis:
[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]
You guys will never be satisfy with other men solution lipsrsealed undecided

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