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Nairaland Forum / Nairaland / General / Business / Fg’s Huge Debts Crippling Financial System – CBN (12505 Views)
FG Okays Skeletal Operations For Financial System, Money Markets / IKEDC Cut Off Power Supply To Magodo Community Over Huge Debts / IMF Doubts Nigeria’s Capacity To Repay Debts (2) (3) (4)
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Re: Fg’s Huge Debts Crippling Financial System – CBN by onatisi(m): 7:30am On Nov 24, 2016 |
ancientbanana:Majority of those who voted for buhari never knew him. That man buhari is the tallest presidential mistake Nigeria will ever make.just wait and see. 2 Likes 1 Share |
Re: Fg’s Huge Debts Crippling Financial System – CBN by progress69: 7:32am On Nov 24, 2016 |
onatisi: My question is why did our debt profile rise when we were soaring on high oil price tide with little or nothing to show for it. If a government is earning lesser as it used to do and piipelines are being gashed open by explosives borrowing is understandable. so if u can tell me why a go government that enjoyed high oil prices with full scale oil production increased our debt profile, and was still increasing it to meet up recurrent expedenture? Do u think every one is st'pid? 1 Like |
Re: Fg’s Huge Debts Crippling Financial System – CBN by onatisi(m): 7:34am On Nov 24, 2016 |
progress69:Well done,just continue . |
Re: Fg’s Huge Debts Crippling Financial System – CBN by Nobody: 7:35am On Nov 24, 2016 |
The nomad is a blunder! |
Re: Fg’s Huge Debts Crippling Financial System – CBN by juman(m): 7:37am On Nov 24, 2016 |
onatisi: Getting right people in aso rock is beyond the campaign thing. One thing we should note is that we in nigeria, we dont have good leaders. That is number one. No good leaders. One cannot imaging the set of people in apc can also fail woefully like this. This is a government that has almighty buhari as president, while fashola, amaechi, ngige, audu ogbeh, fayemi, lai muhammad, etc as ministers. Generally in nigeria we dont have committed and serious minded leaders. Awolowo achieved alot because he was committed to his people. There are no committed leaders like that in nigeria of today. In todays nigeria there is no single real leader. 1 Like |
Re: Fg’s Huge Debts Crippling Financial System – CBN by seunfly: 7:42am On Nov 24, 2016 |
jeeqaa7: You forgot to add Jonathan and his associate. |
Re: Fg’s Huge Debts Crippling Financial System – CBN by onatisi(m): 7:44am On Nov 24, 2016 |
juman:Buhari has always been a dullard with no certificate Amaechi has always been a corrupt bastard Ngige is a crook Audu ogbe was chased of pdp seat because of fraud Fashola is the only governor in the history of this world to say he only signs check and doesn't know what the money is used for Fayemi looted ekiti dry without even constructing a single road from scratch to completion during his 4yrs as governor. |
Re: Fg’s Huge Debts Crippling Financial System – CBN by progress69: 7:44am On Nov 24, 2016 |
onatisi: Don't try to be smart here. Kindly answer my questions. I also ask again is it news that states were already struggling to pay salaries and even the FG herself borrowed to meet up salary obligations of civil servants in the early part of 2015 even before the handy over in May? Is it news that the present government had to bail out states even to "our oyel crying states" despite 13% oil derivation and lower workforce? Tell me again, is it news that the last government left a huge debt profile even to local contactors, and a huge debt profile in subsidy claims before sje handed over. Are these not clear signs the country had already been plummeted into a very dangerous position even before handover. If an excellent past is being destroyed i would have understood all u always post. Once again, not everyone is silly. The last government was not an option and will never be.! 3 Likes |
Re: Fg’s Huge Debts Crippling Financial System – CBN by DanPel(m): 7:45am On Nov 24, 2016 |
onatisi:Hmmm,but he still presides over u dnt 4get. |
Re: Fg’s Huge Debts Crippling Financial System – CBN by juman(m): 7:45am On Nov 24, 2016 |
Buhari should rather not contest again. He lacks what it takes to be good president. Atiku or other options should be considered. Those apc are too unserious minded people. |
Re: Fg’s Huge Debts Crippling Financial System – CBN by ancientbanana: 7:49am On Nov 24, 2016 |
onatisi:he is Cursed. He is evil n wicked |
Re: Fg’s Huge Debts Crippling Financial System – CBN by jeeqaa7(m): 7:50am On Nov 24, 2016 |
please edit and add yours seunfly: |
Re: Fg’s Huge Debts Crippling Financial System – CBN by AkupeMBANO(f): 7:56am On Nov 24, 2016 |
Atimes i feel like not ever forgiving the people who joined hands to bring this dullard to power. they are the real enemies of this nation aswear. 1 Like |
Re: Fg’s Huge Debts Crippling Financial System – CBN by sunnyside16(m): 8:11am On Nov 24, 2016 |
Yet this cow of a president wants to borrow more |
Re: Fg’s Huge Debts Crippling Financial System – CBN by Saintp(m): 8:18am On Nov 24, 2016 |
No matter who is President, the chances of Nigeria rising above her problems is nil. The structural foundation and design of this country is anti development but unfortunately greed and tribal politics will not allow a change in status quo. Only if we had a selfless and passionate leader that would correct this structural problems but unfortunately there is none in Nigeria at the moment. Stupidity is defined to be doing the same thing over and over again and expecting a different result, that is Nigeria. We thought OBJ was bad, then GEJ was worse then PMB is now worst. Maybe after PMB, we will see "worster" and "worstest". what does that tell you? 2 Likes |
Re: Fg’s Huge Debts Crippling Financial System – CBN by alezzy13: 8:27am On Nov 24, 2016 |
The number of illiterates on this thread is astounding. What the CBN was simply saying is that FG is not meeting its domestic obligations ie payments to contractors, etc. And its affecting the economy. He never said he's against borrowing. The questions therefore is where will the money come from? printing more naira?? OF course not. We just have to borrow externally 2 Likes |
Re: Fg’s Huge Debts Crippling Financial System – CBN by progress69: 8:28am On Nov 24, 2016 |
Did onatisi run? I have watched you screen grab poo and claiming one thing of the other, but just didn't have your time cos i know your type. 1 Like |
Re: Fg’s Huge Debts Crippling Financial System – CBN by babatundepeter20: 8:28am On Nov 24, 2016 |
A government of confusion and lack of apparent synergy. The CBN is now warning Government on its debt profile as the Ministry of Finance had also urged CBN to look at its interest rates to the manufacturing sector. What a shame. Are we only entitled to blame game and theoretical notes without real growth? |
Re: Fg’s Huge Debts Crippling Financial System – CBN by bashydemy(m): 8:29am On Nov 24, 2016 |
ojun50: The debt they are talking about was borrowed by GEJ. |
Re: Fg’s Huge Debts Crippling Financial System – CBN by onatisi(m): 8:30am On Nov 24, 2016 |
Saintp:Bros it is a different issue to try and get it wrong compared to someone who doesn't even have the simplest idea of how to go about a problem. Pls kindly state one tangible developmental policy this government has initiated since it came into power? this is how they will do till 2019 ,already they have started talking about 2019 elections . 1 Like 1 Share |
Re: Fg’s Huge Debts Crippling Financial System – CBN by onatisi(m): 8:35am On Nov 24, 2016 |
alezzy13:Never say never with buhari ooo. I wont say more than this on this point u raised for now |
Re: Fg’s Huge Debts Crippling Financial System – CBN by onatisi(m): 8:36am On Nov 24, 2016 |
bashydemy:Please point it out in the article where this is written 5 Likes 2 Shares |
Re: Fg’s Huge Debts Crippling Financial System – CBN by london4luv: 8:38am On Nov 24, 2016 |
And he wanna borrow amother 30billion dollars... He must be smoking.. Na impeachment sure pass |
Re: Fg’s Huge Debts Crippling Financial System – CBN by rusher14: 8:40am On Nov 24, 2016 |
onatisi: You have nothing to say. This issue is about debt accumulation. How is it that it happened at $140 oil? 1 Like |
Re: Fg’s Huge Debts Crippling Financial System – CBN by alezzy13: 8:42am On Nov 24, 2016 |
onatisi: And PDP, presumably, is a party of angels and saints, no? A conglomeration of spotless cherubs heralded by the pantheon, your blameless, never-can-do wrong, beloved GEJ. I laf in PDP. No, I'm not going to hold brief for the PMB led govt. Its has made a lot of mistakes. What it needs are practical solutions, not blind, destructive criticisms. |
Re: Fg’s Huge Debts Crippling Financial System – CBN by bashydemy(m): 8:46am On Nov 24, 2016 |
onatisi: and where in the article says Buhari borrow those loans? |
Re: Fg’s Huge Debts Crippling Financial System – CBN by ZoneBslayer(m): 8:46am On Nov 24, 2016 |
juman:they are good people but unserious? and how did you arrive at that? how do you determine who is good and who isn't? |
Re: Fg’s Huge Debts Crippling Financial System – CBN by Saintp(m): 8:47am On Nov 24, 2016 |
onatisi: I'm actually talking in general terms. This regime so far is the worst in the history of Nigeria. However, it is still because of our structural problems that is why people like PMB can become leaders otherwise people like that should be in their living room watching TV. Our entire system as a country needs to be restructured else it would keep throwing up expired products in leadership positions. |
Re: Fg’s Huge Debts Crippling Financial System – CBN by slap1(m): 9:04am On Nov 24, 2016 |
And it's worse that the borrowed money is continually wasted on frivolities such as looking for oil in the barren land of the northeast. This brainless man will finish us. |
Re: Fg’s Huge Debts Crippling Financial System – CBN by juman(m): 9:06am On Nov 24, 2016 |
ZoneBslayer: They rescued nigeria from the path to doom obasanjo put nigeria into. After they rescued the country, they themselves slept off. What next for nigerians to do now is to change the changer. |
Re: Fg’s Huge Debts Crippling Financial System – CBN by onatisi(m): 9:23am On Nov 24, 2016 |
alezzy13:Boss the issue of quality leadership has got nothing to do with party affiliation or membership.yar adua was a pdp member but within the short period of time he ruled,he brought down the price of fuel,granted amnesty to militants and effective quelled the political restiveness in the ND,he fought boko haram and almost destroyed the group completely,yet he was a member of pdp. The same set of ppl idiagbon used to instill discipline into Nigerians that almost made bribery a taboo in Nigeria were exactly the very same set of ppl ibb used to institutionalize corruption in the system. It all boils down to the capability of the man at the center . Imagine a nation that cant pay workers salaries regularly,cant pay contractors and yet they are going ahead to start disbursing 5000 naira monthly to millions of Nigerians ! A nation that can't pay existing workers salaries is going ahead to employ another 200,000 workers ,please tell me how they will not resort to more borrowings by 2018 |
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