NewStats: 3,262,160 , 8,176,283 topics. Date: Sunday, 01 June 2025 at 04:34 AM 1g511n

Nigeria has no future, even the present is bleak.

njelrapheal:


To think that some people still have the moral to this mofo with all the numbers is bewildering. I mean. Dem no de see abi wetin. Dem really need decking

This data should be placed in every billboard and Newspaper pages come 2027!

Jokerman:
The money Peter Obi is supposed to use to pay about 1300+ party delegates, bribe 200+ top INEC officials, and buy votes for 5k in 2027, he’s donating them to medical schools, universities, social amenities etc.

That man can never be president of Nigeria!

na this sense u take they cross road..u they take risk o

Igbos dey fine money
We ruling class dey fine power so that we can use it to do whatever we want whether is negative or not we must keep having power

Thiefobi1:


Help us thank obi for donating this world class bore hole.

Mumu I call u not deliberately but because of this ur anti Igbo mantra handed from ur parents and kinsmen have put u in bondage u still have a chance to help urself and your kinsmen is in ur hand act now

While mrvitalis said it is ok to borrow more

Total dept: #121,670,000,000,000
Total population: 232,679,478
Debt individuals are owing: #522,908.167
If you intend paying back
1. Daily: #17,430
2. Monthly: #43,575

I get the number if una 1 payback oo

mrvitalis:
There is nothing really worrisome about a less than 100 billion dollars debt
We just have leaders who are not smart, who failed to invest loans
You borrow money to roads? For what exactly what is the plan to pay back?
Loans are not an issue what you do with the loans are the issue

Let's take 2 villages A/B Both are given 50 billion naira loan with an interest of 1.5% yearly . .. This means that the villages must pay 750 million yearly... Let's assume they are given 5 years before payments

Village A

Takes the money invest in roads, schools, market, and hospitals to world class standard... Everything is nice even build a works class stadium for super eagles to come and play

Village B

Takes the money devide to manage the infrastructure they already have

Now offer their villagers 1 billion to 5 billion loan to set up factories in the village with the agreement to pay back in 10 years and the village keeps 10% of the profit for life and workers in this factory pay 10% of their salary to the village too



Which of the two villages would be better equipped for growth and pay back the loan without stress

Even u are as dull as them

From Chief Obasanjo to Buhari except Yar'adua who is late,so if Mr Tinubu is sincere let him set up a commission to investigate these unending loans and how were these loans spent.Go to court Sir you are famous SAN.

Jokerman:
The money Peter Obi is supposed to use to pay about 1300+ party delegates, bribe 200+ top INEC officials, and buy votes for 5k in 2027, he’s donating them to medical schools, universities, social amenities etc.

That man can never be president of Nigeria!

Oponu akindanidani

Salvador1:
Until it reach one quillion I won't say my mind.
But that first person that commented.
E no go better for him, his family and generations to come.
He go kpai ontop air.
Vulture go scatter his meat.

This curse shall stand for ages.

which one be one quillion again

The dingBAT sole destiny is to sink the shithole beyond redemption 💯💯

richmond500:
While mrvitalis said it is ok to borrow more

Our debt has never been an issue, debt service to revenue is the issue

Treadway:
Ara adugbo oya coman read this one o. Una wey dey insist say this person get sense, dey brilliant kini kan. Obasanjo wey no make noise wey we no hype sef, na prof compared to this dumb wicked man. 🤷

Reno Omokirikiri the man, and the other legion of APC zombies say that light is at the end of the tunnel.

Awon ashiere!

Look at the debt Buhari racked up in 8 years, and look at what the profligate nuisance in power has racked up in just one year. Now look at what Obasanjo did and left behind after 8 years. Obasanjo left a debt of $2b (foreign) and 2trn naira (domestic), yet the much touted brilliant ant who in reality is just an evil corrupt being, inherited a domestic debt of N19.24 trillion and external debt of $33.62 billion from another useless incompetent maalu, and by the end of the first quarter of 2024, Nigeria has domestic debt of N65.65 trillion and external debt of $42.12 billion. 2b went to 42b, and 2trn went to 65trn! And we are still wondering who destroyed the country. Ani ko le rogbo fun gbogbo awon to'n defend and entrench this desolation of our land. It is one thing to be ignorant, it is another to be willfully evil. Misfortune will not depart from all willfully evil people, like the toads at dem manna croak, no be curse na fact!

May APC and all who their destruction of this country not end well in life. Quote me if the shoe fits, and let your life be ruined irreparably from this second forthwith.

Look at the debt this profligate bitch has racked up in one year, despite supposedly saving money from not paying subsidies. One year!!!!

Cc diamond68

Fuel and electricity subsides are a large portion of this debt pie.

mrvitalis:

Our debt has never been an issue, debt service to revenue is the issue

there will be no debt servicing without debt.

Treadway:
Ara adugbo oya coman read this one o. Una wey dey insist say this person get sense, dey brilliant kini kan. Obasanjo wey no make noise wey we no hype sef, na prof compared to this dumb wicked man. 🤷

Reno Omokirikiri the man, and the other legion of APC zombies say that light is at the end of the tunnel.

Awon ashiere!

Look at the debt Buhari racked up in 8 years, and look at what the profligate nuisance in power has racked up in just one year. Now look at what Obasanjo did and left behind after 8 years. Obasanjo left a debt of $2b (foreign) and 2trn naira (domestic), yet the much touted brilliant ant who in reality is just an evil corrupt being, inherited a domestic debt of N19.24 trillion and external debt of $33.62 billion from another useless incompetent maalu, and by the end of the first quarter of 2024, Nigeria has domestic debt of N65.65 trillion and external debt of $42.12 billion. 2b went to 42b, and 2trn went to 65trn! And we are still wondering who destroyed the country. Ani ko le rogbo fun gbogbo awon to'n defend and entrench this desolation of our land. It is one thing to be ignorant, it is another to be willfully evil. Misfortune will not depart from all willfully evil people, like the toads at dem manna croak, no be curse na fact!

May APC and all who their destruction of this country not end well in life. Quote me if the shoe fits, and let your life be ruined irreparably from this second forthwith.

Look at the debt this profligate bitch has racked up in one year, despite supposedly saving money from not paying subsidies. One year!!!!

Baba abeg be calming down
Nigeria matter in the hands of Zombies na sidon look and laugh
No stress yourself. Some of them are already calling Obi

richmond500:
there will be no debt servicing without debt.

Yes but there won't be revenue growth would without borrowing

Tinubu has borrowed massively since he has been in office what has been the results ?

Borrowing is a must at this stage usage is the koko

mrvitalis:

Yes but there won't be revenue growth would without borrowing

Tinubu has borrowed massively since he has been in office what has been the results ?

Borrowing is a must at this stage usage is the koko

There won't be revenue growth without borrowing?

Lolz, Now I see why Obi said he takes advice from mad men

richmond500:
There won't be revenue growth without borrowing?

Lolz, Now I see why Obi said he takes advice from mad men

How would u grow revenue now in Nigeria without borrowing

I asked you the other day you ran away... Today too would you run too?

Please tell us how you can grow revenue in Nigeria without borrowing

mrvitalis:

How would u grow revenue now in Nigeria without borrowing

I asked you the other day you ran away... Today too would you run too?

Please tell us how you can grow revenue in Nigeria without borrowing

Getting urself into debt doesn't increasing ur cashflow, what is wrong with these people sef.

Increasing tax, diversification of economy, FX window reform are few of the ways to increase revenue, not by owing more debt.
Obi is surrounded by clowns of various sizes

richmond500:
Getting urself into debt doesn't increasing ur cashflow, what is wrong with these people sef.

Increasing tax, diversification of economy, FX window reform are few of the ways to increase revenue, not by owing more debt.
Obi is surrounded by clowns of various sizes

You want to increase tax on already struggling businesses?.

Diversification of the economy? how please break this down

mrvitalis:

You want to increase tax on already struggling businesses?.

Diversification of the economy? how please break this down

we can go on and on with ur question.
But let me ask u, how do u increase revenue through acquiring more debt in an economy that is collapsing through debt

richmond500:
we can go on and on with ur question.
But let me ask u, how do u increase revenue through acquiring more debt in an economy that is collapsing through debt

answer my question first na if u don't have the answer tell me you don't then we go on from there

Don't through bogus words around me when you can't defend it

mrvitalis:
answer my question first na if u don't have the answer tell me you don't then we go on from there

Don't through bogus words around me when you can't defend it

I have never asked u question, u keep asking me for the past one week, but u always avoid mine.

Clown

iwaeda:

I don comot hand for Nigeria matter patapata as I dey like this.

richmond500:
I have never asked u question, u keep asking me for the past one week, but u always avoid mine.

Clown

So u won't answer my question ?

Now to your question..

A man earns 500k but monthly expenses is 800k
He gets 50 million naira loan that requires him to pay ₦200k as intrest payment... This takes his expenses per month to ₦1 million right?

So now it's Up to the man to invest that 50 million in a way that it gives him more than ₦500k a month

As long as that business gives him above ₦500k monthly... Loan is a good loan since his monthly income now becomes higher than expenses


Now oga how do you diversify economy without borrowing

anonimi:


When are YOU starting the stoning?

How many people have signed up for the stoning

shut da Bleep up ...... APC Zobime

richmond500:
we can go on and on with ur question.
But let me ask u, how do u increase revenue through acquiring more debt in an economy that is collapsing through debt

Are you living within Nigeria or you be diasporan?

If we can't appreciate that fiscal profligacy is the bane of the doldrums Nigerian has found itself, there's no point of our dialogue.
You cited poorly-performing revenue-debt ratio!
Isn't the humongous foreign debt incurred supposed to be used for revenue generation?
Was any of those APC loans converted to any national asset?
FYI, Gowon shouldn't be roped in at all. The loan he took was invested in lots of infrastructural projects. He built roads, set up the refinery & depot structures, and created credible universities among many other capital projects despite chesting the 3-year civil war.

To your clueless presido, it's to apply harsh progressive taxation?

These debts can be comfortably settled just by recovery & utilization of the looted hard currencies coolly sitting in domiciliary s of theiving career politicians, corrupt military top-guns & irredeemable civil/public service executives.

When I listened to Obla's interview with Okinbaloye Seun, I knew we are doomed beyond repair.

https://www.youtube.com/live/mfOGQEWGFpQ?si=YNJ9c3QMTWXbEzfK

mrvitalis:

So u won't answer my question ?

Now to your question..

A man earns 500k but monthly expenses is 800k
He gets 50 million naira loan that requires him to pay ₦200k as intrest payment... This takes his expenses per month to ₦1 million right?

So now it's Up to the man to invest that 50 million in a way that it gives him more than ₦500k a month

As long as that business gives him above ₦500k monthly... Loan is a good loan since his monthly income now becomes higher than expenses


Now oga how do you diversify economy without borrowing

Gibberish, when a country acquire so many debt, it weakens it's currency and debt payment becomes cumbersome, the country then depletes it's foreign reserves to offset it's debt.
The country will then start to request for debt pardon or become default in it's payment.
When this happens, the lenders begin to seize it's property and the debtors economy collapses.
This exact thing happened to Argentina.
Don't argue based on emotions, the best way is to increase revenue through tax reforms, and not by acquiring debt.

You know u are wrong but u won't listen

richmond500:
Gibberish, when a country acquire so many debt, it weakens it's currency and debt payment becomes cumbersome, the country then depletes it's foreign reserves to offset it's debt.
The country will then start to request for debt pardon or become default in it's payment.
When this happens, the lenders begin to seize it's property and the debtors economy collapses.
This exact thing happened to Argentina.
Don't argue based on emotions, the best way is to increase revenue through tax reforms, and not by acquiring debt.

You know u are wrong but u won't listen

USA, Japan, UK, , this are among the strongest countries on earth but also biggest debtors

Your point exactly?

mrvitalis:

USA, Japan, UK, , this are among the strongest countries on earth but also biggest debtors

Your point exactly?

Are they also using 90% of their revenue to service debt?
Also is their economy shaky like that of Nigeria?

richmond500:
Are they also using 90% of their revenue to service debt?
Also is their economy shaky like that of Nigeria?

The issue has never been debt but devt service to revenue ratio