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Nairaland Forum / Nairaland / General / Politics / Ransom Payment, A Rising Debt Profile, And Youth Unemployment (566 Views)
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Ransom Payment, A Rising Debt Profile, And Youth Unemployment by TheBabaDon: 7:42am On Mar 05, 2018 |
Since this government took over the reins of governance in May 2015, things has gone from manageable to bad, and from bad to worse in Nigeria, and unfortunately, the youth are the most affected constituency. For example, as of 2015, before President Buhari and his horde of APC Buccaneers came into power, Nigeria's debt profile was at $10.718 billion (US dollars) total foreign debt figure. According to the Debt Management Office (DMO), Nigeria’s domestic and external debts profile as at June, 2015 stood at N12.12 trillion, but as of today, it stand at approximately N20 trillion. The N12.12 trillion total debt was at a time the PDP government of president Jonathan was already involved in a lot of construction projects like the standard gauge rail, power, and food storage silo projects, including the new federal university projects among others. At that time, the domestic debt profile alone was N8.51 trillion. But as of 2016, after approximately one year of Buhari's clueless administration, Nigeria's foreign debt profile alone had climbed to $11.406 billion, and one year later, by June 2017, it was at $15.1 billion. All these figures are according to the National Bureau of Statistics (NBS) report of September 2017. According to NBS, of this total foreign debt profile of $15.1 billion, as of 2017, President Buhari's federal government is owing $11.106 billion, while the entire 36 states, plus FCT, are owing $3.94 billion, while the total debt profile, in Naira, stands at N19.16 trillion This means President Buhari's administration has added about N10 trillion to the debt within two years without doing any tangible project, apart from paying batches and batches of ransom money to Boko Haram. It is then no wonder that while our youths lose jobs, die of poverty and hunger, Boko Haram has the financial capacity to plan and execute more attacks against our people. We must put an end to this government and all their failed policies by voting them out in 2019. It is now time for us to go back to the developmental strides of the PDP era. Okah Ewah Edede SA media and Documentation To PDP National Youth Leader 1 Like |
Re: Ransom Payment, A Rising Debt Profile, And Youth Unemployment by FarahAideed: 7:58am On Mar 05, 2018 |
The evidence of incompetence against the Dullard is damning and yet some zombies want him for another term |
Re: Ransom Payment, A Rising Debt Profile, And Youth Unemployment by TANKDESTROYER(m): 8:11am On Mar 05, 2018 |
Sad..... |
Re: Ransom Payment, A Rising Debt Profile, And Youth Unemployment by TheBabaDon: 1:03pm On Mar 06, 2018 |
FarahAideed: Only those whose soul and conscience has been bought still support Buhari 1 Like |
Re: Ransom Payment, A Rising Debt Profile, And Youth Unemployment by overall90: 1:25pm On Mar 06, 2018 |
TheBabaDon: some are hoping and believing for Buhari to pay them the 5000 naira stipend he promised them. |
Re: Ransom Payment, A Rising Debt Profile, And Youth Unemployment by blackpanda: 1:38pm On Mar 06, 2018 |
[s] TheBabaDon:[/s] Wailing losers keep posting trash Ignorance is your biggest problem There is nothing wrong with borrowing. The america u are all rushing to is over $23trillion in debt No country can develop without borrowing But isnt it funny that you claim buhari is not doing anything yet dollar keeps falling, foreign reserves keeps rising, our stock exchange is now the fastest growing in the world, nigeria is now the 3rd largest producer of cashews, importation of rice has dropped over 90%, us and uk are now ready to return stolen funds,foreign investors rushing to invest in the same nigeria u claim is no good?? Please wailers should go and sit down Come 2019 nobody will eat your lies. You all will once again be disgraced and put to shame |
Re: Ransom Payment, A Rising Debt Profile, And Youth Unemployment by TheBabaDon: 1:39pm On Mar 06, 2018 |
overall90: Then let them be ready to wait forever. He is about promising salary increase to workers to move the minimum wage from N18,000 to N70,000. |
Re: Ransom Payment, A Rising Debt Profile, And Youth Unemployment by TheBabaDon: 1:45pm On Mar 06, 2018 |
blackpanda: So you are still shamelessly selling lies? Which US Dollars is dropping against the Naira? Wasn't it N187 to $1 when your Messiah took over power? Or didn't your illiterate god promise to make N1 = $1? PDP borrowed $6 billion in 16 years and your Mahdi borrowed $11 billion in 3 years yet he hasn't executed one infrastructural project. |
Re: Ransom Payment, A Rising Debt Profile, And Youth Unemployment by blackpanda: 1:58pm On Mar 06, 2018 |
TheBabaDon: i dont expect ignorant blocked brains to understand my comment And i will not bother trying to explain why dollar skyrocketed in 2015. why? Because you already have an agenda and it has nothing to do with dollar increase or reduction All i will say is if buhari hasnt been doing well then dollar shouldnt be dropping and foreign reserves shouldnt be skyrocketing The same reserves your hero jonathan flushed down the drain for his political allies. we shall see in 2019 who is telling the truth |
Re: Ransom Payment, A Rising Debt Profile, And Youth Unemployment by TheBabaDon: 2:53pm On Mar 06, 2018 |
blackpanda: Hope you are aware our debt profile is increasing? Listen okay, nothing else but Buhari's anachronistic economic policies has placed Nigeria in the economic quagmire it currently is. |
Re: Ransom Payment, A Rising Debt Profile, And Youth Unemployment by blackpanda: 3:14pm On Mar 06, 2018 |
[s] TheBabaDon:[/s] you are nothing but a wailing loser critical reasoning is beyond u cheers |
Re: Ransom Payment, A Rising Debt Profile, And Youth Unemployment by TheBabaDon: 3:59pm On Mar 06, 2018 |
blackpanda: Please look in the mirror and you will see the loser |
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