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Nairaland Forum / Nairaland / General / Politics / Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust (16082 Views)
2017 Budget Is A Budget That Goes For More Debt -sanusi II / How We Were Pressured To Squander $18bn- Jonathan / How We Were Pressured To Squander $18bn Excess Crude Saving — Jonathan (2) (3) (4)
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Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by Nobody: 2:10pm On May 11, 2015 |
Reading APC and PDP commentators. |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by philips70(m): 2:10pm On May 11, 2015 |
Can they give Lawrence Nomayagbon Anini and Monday Osunbor a posthumous Nobel Peace price? 3 Likes 1 Share |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by Keegan: 2:11pm On May 11, 2015 |
Prof Okonjo Iwealla Peller please take your magic wand to where you came from. Enough is enough! 1 Like |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by Shittaakeem(m): 2:12pm On May 11, 2015 |
So this is all part of the transformation agenda abi. . 2 Likes |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by Nobody: 2:13pm On May 11, 2015 |
The product of luxury life style. |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by CecyAdrian(f): 2:13pm On May 11, 2015 |
moscobabs: Epic 1 Like |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by MabraO: 2:14pm On May 11, 2015 |
Where is temitemi and barcanista Come and defend ur hero GEJ needs to be d president of kirikiri maximum prison 5 Likes |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by mulattoclaro(m): 2:16pm On May 11, 2015 |
These people have succeeded in looting hell out of this country. 3 Likes |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by Nobody: 2:16pm On May 11, 2015 |
That man called GEJ displaying himself as an angel..... 2 Likes |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by olusipimp(m): 2:18pm On May 11, 2015 |
Chaiii...see how dis flat head jonadumb,madam ewe ila and dt alinson maduekwe wreck our country,may ur generation never enjoy all what γ̲̣̣̥ou̶̲̥̅ loot from dis country,its. Sickness and death shall be urportion |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by naija2dabone(m): 2:20pm On May 11, 2015 |
Dear Buhari, Congratulation once again for your victory at the polls. Now to the point of this letter: You have got 4 years to keep ALL your campaign promises and your time starts May 29 at 00hrs. Please note that we will not tolerate any form of excuses for non performance as nobody forced you to make those promises. We were told that you are a man of your words, so please in your own best interest, keep your words. We are not asking for heaven on earth, no. We are simple asking that you deliver on YOUR promises: 4 refineries 40mw of electricity Naira = dollars N5,000 for unemployed One year allowance for corp members Free qualitative education Fight against corruption, (not selective fight please) and many more. Please dont come asking for more time because we dont have the luxury of more time. Dont tell us to be patient, because if we wanted to be patient, Jonathan would have been our perfect man. Dont tell us past leader destroyed the economy because you were one of them. Just get to work and get us result. If you cant deliver, now is the time throw in the towel. Be guided Voter 1 Like 1 Share |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by anonimi: 2:21pm On May 11, 2015 |
I hope this story is untrue or that there is a very plausible explanation for it. I sincerely hope all this is not a scheme to scandalise Jonathan/PDP as they exit the stage at the federal level. Either way, an URGENT statement from the outgoing federal administration would be very appropriate! |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by Nobody: 2:21pm On May 11, 2015 |
3000000000000/160000000=18750 An average Nigerian is owing 18,750 naira. Dear all, kindly pay your debt. 7 Likes |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by PassingShot(m): 2:22pm On May 11, 2015 |
2 Likes |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by 989900: 2:22pm On May 11, 2015 |
philips70: If the above would go to 'hell' (according to some people), where then would those who've been bleeding us dry since time immemorial go? 2 Likes |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by wiloy2k8(m): 2:23pm On May 11, 2015 |
and over 3 trillion was used for election ... dia is God oooo |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by islandmoon: 2:23pm On May 11, 2015 |
Jonathan has mortgaged our future! he borrowed over 18Billion Dollars to pay senators, re-election and looting purposes, this is what Madam Ngozi has done, borrow to loot this woman eyes like egbere eyes..bush baby eyes i now see why Naira is now 199 to $1 useless woman using us for experiment am not an economist but i know since i was in JSS 3 that IMF will ask you to devalue your currency when your debt is much and you didnt pay up, so jonah borrowed, and he devalued the naira at our own expenses!! we are now paying for it everyday, we are enslaved in our own country buy looters who claimed to be leaders set of thugs.. 6 Likes |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by PassingShot(m): 2:24pm On May 11, 2015 |
anonimi: How can it be untrue when the paper quotes DMO and many notable figures? Is it longer any news that the FG now borrows to pay salaries? Have we not known that Nigeria's debt has increased since? If anything, this report is only a confirmation of what we have long known. 8 Likes |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by tubolancer(m): 2:24pm On May 11, 2015 |
authority2006:Amen,really nothing is working. I have never witness this kind of situation in my life. No light,no petrol. It's so pathetic. 2 Likes |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by 989900: 2:25pm On May 11, 2015 |
We have a very skewed money policy by the FG/CBN+the banks/Finance ministry that is designed to make a large chunk of the population bar a few, remain perpetually poor, regardless of the amount of money that Nigeria makes. And they even borrow money that they don't need, and still pay interest on it. 3 Likes 1 Share |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by sikaxchange: 2:42pm On May 11, 2015 |
this is ridiculously crazy |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by Realist2: 2:42pm On May 11, 2015 |
[quote author=mekzyjoe post=33631493]SMH FOR DIS COUNTRY... ..Vote for Trypa for Miss Nairaland 2015..www.nairaland.com/trypa[/quote] Pls is berem also vying for miss Nairaland too? |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by donbrowser(m): 2:52pm On May 11, 2015 |
OilGas:Aregbesola bus stop nko? |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by mekzyjoe(m): 2:54pm On May 11, 2015 |
Realist2:berem?? ..jst Vote for Trypa for Miss Nairaland 2015..www.nairaland.com/trypa..dats all |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by Nobody: 3:09pm On May 11, 2015 |
Twaci:The signature is Latin word which means " If you seek peace prepare for war" 1 Like |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by zimoni(f): 3:11pm On May 11, 2015 |
$21Bn to service debt in four years? Obasanjo's regime cleared the debt, how come the debt keep accumulating nah? We have a long way to go in this nation. Too badt. 3 Likes |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by zinosleek(m): 3:12pm On May 11, 2015 |
18bn dollars debt and oil was highest at this administration, wetin they use these money do. Gross mismanagement, this administration is a fraud 1 Like |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by aderonila18: 3:13pm On May 11, 2015 |
MabraO: They always run away from threads exposing the sham that is Gej's government 5 Likes |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by sunnyolads1(m): 3:14pm On May 11, 2015 |
I foreseen downfall of a nation called Nigeria if GEJ had won the 2015 Presidential election. This is a serious matter o. 4 Likes |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by stephmike(m): 3:16pm On May 11, 2015 |
borrowing in the mist of plenty. this is ironic!!! |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by Ibime(m): 3:27pm On May 11, 2015 |
Domestic debt is not so much a problem as foreign debt. Risk is reduced when countries borrow in their own currency. In a worst case scenario, Nigeria can redeem her Naira bonds by fiat - quantitative easing. The ECB, Bank of England and US Treasury did this as part of their QE program. The difference there is they created the money to buy bonds from the private sector. CBN would be creating money to pay off bonds already bought from the private sector. It was the same way with AMCON - all the Banks' toxic assets were erased by fiat. Quantitative easing to pay paper debts do not overly increase Naira supply nor the velocity of money (which leads to hyperinflation) as a lot of the cash ends up sitting in Banks excess reserves. However, as the article clearly shows, the GEJ Government was a very wasteful one. 3 Likes 2 Shares |
Re: Nigeria No More Debt Free: Federal Debt Up By $18bn Under 4 Years- Daily Trust by IBROHIM: 3:32pm On May 11, 2015 |
naija2dabone:You are a goat! You vote am? 8 Likes |
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