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Nairaland Forum / Nairaland / General / Politics / Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis (33494 Views)
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Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by ahmedkoded95(m): 12:58pm On Jun 16, 2020 |
Former Vice President Atiku Abubakar has expressed shock that the Buhari administration in the first quarter of 2020, spent 99 percent of revenue to service debt. https://www.pmnewsnigeria.com/2020/06/16/atiku-shocked-by-nigerias-debt-profile-says-nation-in-financial-crisis/amp/?utm_source=&utm_medium=twitter&__twitter_impression=true 59 Likes 7 Shares
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Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by teadrake(m): 1:09pm On Jun 16, 2020 |
We might be headed towards financial doom. If funds borrowed to finance critical infrastructure is being looted again. This country is not sustainable 102 Likes 5 Shares |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by Vyzz: 1:11pm On Jun 16, 2020 |
I thought Buhari is the only shock absorber we have... This is a testament that all of u are ONE . Nigeria is in a financial crisis is an understatement 107 Likes 7 Shares |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by slivertongue: 1:12pm On Jun 16, 2020 |
“Nigeria In Financial Crisis: Robbing Our Children to Pay for Our Greed”, 78 Likes 2 Shares |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by slivertongue: 1:15pm On Jun 16, 2020 |
GMB is incompetent 114 Likes 3 Shares |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by slivertongue: 1:15pm On Jun 16, 2020 |
This means that Nigeria’s debt to revenue ratio is now 99%.” 71 Likes 4 Shares |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by helinues: 1:16pm On Jun 16, 2020 |
Hahahaha.. So no be only Buhari dey shock.. Atiku too. 8 Likes 1 Share |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by slivertongue: 1:17pm On Jun 16, 2020 |
“We are at a precipice. If our revenue figures do not go up, and go up quickly, Nigeria risks a situation where our revenue cannot even sustain our debt servicing obligations. Meaning that we may become insolvent, and our creditors may foreclose on us, as has occurred in Sri Lanka and the Maldives" 17 Likes |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by SarkinYarki: 1:17pm On Jun 16, 2020 |
So Atiku has joined Buhari in Shock Therapy ? ![]() ![]() 7 Likes 1 Share |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by SarkinYarki: 1:18pm On Jun 16, 2020 |
61 Likes 4 Shares |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by slivertongue: 1:18pm On Jun 16, 2020 |
I had cause to counsel the Federal Government to desist from indiscriminate lending, and offered suggestions on ways to both increase revenue, and reduce expenditure, however, my counsel fell on deaf ears. And now we have come to this. 33 Likes 1 Share |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by slivertongue: 1:20pm On Jun 16, 2020 |
“Not only have we squandered our opportunities, we have also squandered the opportunities of our future generations by bequeathing them debt that they neither incurred or enjoyed” 45 Likes |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by slivertongue: 1:22pm On Jun 16, 2020 |
“Again, I warn that Nigeria is facing a crisis, and we cannot continue to keep up appearances by taking out more loans to prop up our economy. 22 Likes |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by Nobody: 1:24pm On Jun 16, 2020 |
shock absorber 4 Likes |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by slivertongue: 1:28pm On Jun 16, 2020 |
SarkinYarki:GMB is a CAPITAL ' illiterate' when it comes to economic matters. he doesn't understand the laws of demand and supply. not to talk of issues relating to international political economy. jailing him wud be waste of energy 45 Likes |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by Maxymilliano(m): 1:30pm On Jun 16, 2020 |
Very expository speech I've read lately about the country's financial dire position, i hope the government do the needful asap, else we'll all be shocked at what will be left of the country after the exit of the current dispensation. ![]() 28 Likes |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by moscobabs(m): 2:39pm On Jun 16, 2020 |
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Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by gambia(m): 2:40pm On Jun 16, 2020 |
Una never see anything yet aswear ![]() 5 Likes |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by gungab(m): 2:40pm On Jun 16, 2020 |
Hmmmm |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by itsIYKE(m): 2:40pm On Jun 16, 2020 |
Saint atiku pray for us 8 Likes 2 Shares |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by xynerise: 2:40pm On Jun 16, 2020 |
When you support a man who doesn't have a single idea about economic development, this is what you get in return.. Shebi he is dying to rule Nigeria by all means? Oya na 27 Likes |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by OakConsultNG: 2:40pm On Jun 16, 2020 |
Okay.. Meanwhile, in other news, register your Business, Church and Company with the CAC at discounted prices. Obtain your TIN. Check our signature and page for more details. Offer lasts for a limited period only. |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by vibbb: 2:40pm On Jun 16, 2020 |
Only God can liberate this nation from insensitive set of leaders. 6 Likes |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by AristocraticMe: 2:41pm On Jun 16, 2020 |
Most people will leave the message and jump on the messenger, like what he is saying is not true. I pity for Nigeria......... Greed and the inability to think about tomorrow is the problem.... Security is Zero Employment is Zero.... what are they using the money for..... SALARY. Infrastructure is Zero, it is in Nigeria that a governor wlll leave his office and duty to inaugurate a road... i mean a ROAD... Guess what everybody will be affected when Poo hits the fan..... go read the story of Venuzuela.... it is reality... The wicked people have succeeded in clamping the wings of the civil rights group that they are now silent.. they are the only saviour. because politicians will never do the right thing. NEVER. Remember GEJ period, remember they didnt want him to be President but for Tunde Bakare and Save Nigeria Group he was elected. it is only groups like that can hold Nigeria leaders responsible for their actions. My thoughts on Nigeria is so much .... save it for another time 20 Likes |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by BEATNEST(f): 2:41pm On Jun 16, 2020 |
teadrake:if only they spent the money they owe well,the us has the highest debt but it isn't showing in their economy 9 Likes 2 Shares |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by DenreleDave(m): 2:41pm On Jun 16, 2020 |
Atiku will just talk.. Buhari wunt hear word 7 Likes |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by sahsewen: 2:41pm On Jun 16, 2020 |
no be dem dem 1 Like 1 Share |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by Holiegrail2: 2:41pm On Jun 16, 2020 |
Everybody is now Shocked in this country. 5 Likes |
Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by Built2last: 2:41pm On Jun 16, 2020 |
You have a clueless CBN governor who is supposed to be a monetary policy expert but because he represents Jim Ovia and Buhari with canals, Nigeria is in ruins. You have a minister of finance with no previous pedigree, no expertise in financial management of such magnitude. We gave her finance. All they do is pass files for her to sign. You now have a president who promised to fight corruption and use recovered money to fix economy but all na wash. We never chin chun chi. My savings since 2015 have been in Dollar and pounds. Only Buhari and his family are doing well. Pic speaks for itself 36 Likes 2 Shares
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Re: Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis by nijabazaar: 2:42pm On Jun 16, 2020 |
We all deserve Buhari 10 Likes 3 Shares |
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