donaldeke:
Nigeria’s debt public debt hit a total of N31.01tn at the end of June, the Debt Management Office announced on Wednesday.

This means that in the last five years under the President, Major General Muhammadu Buhari (retd.), the country’s debt rose by N18.89tn.

As of the end of June 2015, one month after the present regime came into power, the country’s debt profile stood at N12.12tn.

This means that within a period of five years, the nation’s debt profile rose by N18.89tn.

It also means that the country’s debt profile has risen by 155.86 per cent within the five-year period.

Nigeria’s total public debt stock includes the debt stock of the Federal Government, the 36 states and the Federal Capital Territory.

Continue HERE

https://www.reporterswall.com/nigeria-borrowed-n18-89tn-under-buhari-report/

donaldeke:
Nigeria’s debt public debt hit a total of N31.01tn at the end of June, the Debt Management Office announced on Wednesday.

This means that in the last five years under the President, Major General Muhammadu Buhari (retd.), the country’s debt rose by N18.89tn.

As of the end of June 2015, one month after the present regime came into power, the country’s debt profile stood at N12.12tn.

This means that within a period of five years, the nation’s debt profile rose by N18.89tn.

It also means that the country’s debt profile has risen by 155.86 per cent within the five-year period.

Nigeria’s total public debt stock includes the debt stock of the Federal Government, the 36 states and the Federal Capital Territory.

Continue HERE

https://www.reporterswall.com/nigeria-borrowed-n18-89tn-under-buhari-report/

Abouwaza:
Buhari is the biggest scam in history

LordviccoDaGuru:
[s][/s]



Even if they u ordinary care-taker chairman in ur community u can never do best like Buhari

Abouwaza:

Buhari has failed stop defending nonsense

CodeTemplar:
He borrowed to share to people. Instead of improving the society and allow private hands to flourish in it, he chooses to close gaps of inequality by nepotistic tendencies.

The root is simple, dependence on oil out of hatred for the owner of the oil.

BlackfireX:
Is not much, I don't know why poor people are shouting the money is too much...


We the youth are behind you Mr President,
Wash Nigeria clean


Long live APC
Long live buhari
Long life Nigeria

GamalNasser:
No problem with Borrowing but the problem is that Buhari has absolutely nothing to show for such gigantic indebtedness ..

vanida6:
Buhari

LordviccoDaGuru:
[s][/s]



Even if they u ordinary care-taker chairman in ur community u can never do best like Buhari

JAMO84:
Useless Journalist. Quote in the currency that was borrowed, not naira

CodeTemplar:
He borrowed to share to people. Instead of improving the society and allow private hands to flourish in it, he chooses to close gaps of inequality by nepotistic tendencies.

The root is simple, dependence on oil out of hatred for the owner of the oil.

Magicians:


Foolish fool making foolish comment. What happened to those who never shared the money they borrowed ? How come Buhari is the one completing their project all around.

CodeTemplar:
That's your father you described.

Magicians:
A deranged Igbo lunatic referencing his bigoted father after being told the truth to his pathetic face.

Stalwert:


Just came across this:

The Debt Management Office (DMO) has debunked a recent statement reportedly made by a former Deputy Governor of the Central Bank of Nigeria (CBN), Dr. Obadiah Mailafiya to the effect that the All Progressives Congress (APC) administration under President Muhammadu Buhari inherited a debt stock of less than $7 billion in 2015, which according to him, now stands at $84 billion.

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Obadiah Mailafia
3'
APC Govt Inherited $63.8bn Debt, Not $7bn, Says DMO
editorDecember 10, 2019 4:58 Am
Ndubuisi Francis in Abuja

The Debt Management Office (DMO) has debunked a recent statement reportedly made by a former Deputy Governor of the Central Bank of Nigeria (CBN), Dr. Obadiah Mailafiya to the effect that the All Progressives Congress (APC) administration under President Muhammadu Buhari inherited a debt stock of less than $7 billion in 2015, which according to him, now stands at $84 billion.


In a statement issued yesterday, the DMO said the purported claim was totally incorrect and not supported by public debt data that is readily available on its website

“Contrary to the claim by Dr. Obadiah Mailafiya, the total public debt stock as at June 30, 2015, (shortly after the current administration came into office), was $63.81 billion, and not $7.0 billion as claimed by Dr. Obadiah.

“Similarly, the nominal increase in the public debt stock between June 30, 2015 ($63.81 billion) and June 30, 2019 ($83.88 billion), was about $20.0 billion, which is a far cry from the gross misrepresentation made at the live programme on Channels that the public debt stock increased by $77.0 billion during this period,” the statement said.

https://www.thisdaylive.com/index.php/2019/12/10/apc-govt-inherited-63-8bn-debt-not-7bn-says-dmo-2/amp/?__twitter_impression=true