adenigga:
https://m.punchng.com/News/Nigerias-debt-profile-rises-to-N32.2tn

The new figure released by DMO means that Nigeria’s debt since Buhari took over in 2015 has risen by N20.08tn in five years.

adenigga:

https://m.punchng.com/News/Nigerias-debt-profile-rises-to-N32.2tn

Grace001:



He will add N12 tn Naira in the next 3 years.


By the time Buhari is finished with Nigeria, it will take Nigeria another 10-15 years to get out of debts

meum:
As at 2015 the debt profile stood at ₦12.12trillion. Six years after it is ₦32.2trillion. Almost three times. Chai!

Grace001:



He will add N12 tn Naira in the next 3 years.


By the time Buhari is finished with Nigeria, it will take Nigeria another 10-15 years to get out of debts

RisenPhoenix1:


Not such a negative statistic. That would put Nigeria's debt to GDP ratio at about 30-35%? Nigeria is joining the developed countries from that perspective. After all, countries like the UK and France have debt to GDP ratios approaching 100% if not more. And even the mighty US and China have debt to GDP ratios much higher than Nigeria's. I personally don't see what the cause for alarm is, but then again, perhaps I need a couple of beers before I can see the issue from an emotional beer parlor perspective.

tunapawizzy:

15 years is small, Don't forget we will still have to be running the economy paying salaries, funding politicians lifestyle and servicing the debts at the same time...any drive by a serious government to improve the country's earnings will take about 4 to 5 years concerted effort and research activities (serious funding) before we start seeing tangible results, whether agriculture or manufacturing or whatever...and agriculture is the easiest way out, unfortunately attacks on farmers n farmlands is a serious thing to contend with now again.

Grace001:


You’re right and demand for oil which is our major export for forex is gradually declining.

God will help us all

tunapawizzy:

u see that oil....maybe we go drink am laslas ni....we will probably borrow to develop the agric sector eventually, if we dont use d dwindling oil money to do it NOW.

tunapawizzy:

The problem is not the debt profile, the problem is what we have to show for the debt acquired. U are worth 20million bucks and take a loan of 15million bucks to acquire an asset that will increase ur productivity, another person is worth 10million n takes a loan of 2m that will not add anything to his productivity....check the debt-asset ratio ....see the one wey go soon run down

BigSarah:
Buhari and Osinbajo are taking us somewhere calm down and wail less..
Creatons

stonemasonn:
Abuja-Kaduna/Lagos-Ibadan Railways, Airports and Second Niger bridge.

nedekid:

Railway that the funds generated is not enough to buy diesel to fuel the trains not to talk of paying salaries or loan repayment. Trains that government claims to be subsidizind according to amechi.

RisenPhoenix1:


In that case, the complaints should be about the mismanagement of the moneys received and not about the debt profile itself. Then one can go into a discussion as to whether the debt was effectively utilised or not. Nigeria does not seem to be doing too badly compared to the rest of the world. Its estimated growth in GDP is right around global average, despite facing an epidemic, a crash in the price of its major export, and a running insurgency.

Nigeria’s fiscal breakeven oil price – the price of oil at which Nigeria balances its budget – is very high, at US$133 per barrel, given remarkably low non-oil fiscal intakes, Fitch has estimated.

vineyardfarms:


MR BUHARI HAS SOLD NG TO CHINA - REMAINING THE OIL WELLS

stonemasonn:
Your president is a Marxist, just pray the train last 15years.

tunapawizzy:

at least if u want to steal, jejely steal funds from sales of crude oil n save debt acquisition for someone that will manage the funds very well......if u cant manage the funds well, then the borrowing is needless..I know the realities of GDP and all of that, but sincerely if the purchasing power of the people keeps waning, if the middle class keeps reducing in size and the lower class keeps expanding ..of what use is the GDP figures.....
lets get academic a bit, tell me how GDP is measured, i might be able to point to u how inadequate data is probably giving us a wrong assessment of our GDP.