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Statisense: Nigeria External Debt Profile From 2005 To Present - Politics (2) - Nairaland 5fl1z

Statisense: Nigeria External Debt Profile From 2005 To Present (8097 Views)

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LegendHero(m): 5:50pm On Apr 04
ValarDoharis:
We want total debt

That is the total external debt

edungene7: 5:54pm On Apr 04
Tinubu is a hardened criminal he and is cohorts in APC will never end well.

1 Like

dozzy24(m): 6:02pm On Apr 04
From 2015 If u know u know.
zero8zero(m): 6:06pm On Apr 04
Agbegbaorogboye:


Stop advertising your ignorance
The $3bn was the balance remaining after OBJ paid off the Paris club debts
You're hypocritically complaining of someone who reduced debt from $20bn to $3bn while blind to those who ballooned debt from $10bn to $46bn and counting!!

Nigerians should curse APC when they wake every morning before they wash their mouths
$30billion not $20billion and we paid off $12billion. He didn't reduce it, it was a relief/cancellation. The $3billion was still in the books as external debts.
Agbegbaorogboye: 6:11pm On Apr 04
zero8zero:

$30billion not $20billion and we paid off $12billion. He didn't reduce it, it was a relief/cancellation. The $3billion was still in the books as external debts.
What is this zombie with zero sense saying?

He did not reduce it abi? Oya tell your god to cancel the $40bn debt abi he nor get biro ni

Mugu

Tinubu is not fit to lace OBJ's shoes now in this world and the world to come

He's just a bloody hypocrite who gathered clowns like you with agbado to worship and defend him

3 Likes

zero8zero(m): 6:11pm On Apr 04
fullclub:


Paris club wiped only 18 billion dollars and obasanjo had to pay 18 billion dollars.

That's pay 50% and we forgive u 50%

And after that he left over 70 billion dollars in reserve he meet just 3.5 billion dollars as reserve from abacha

We will celebrate obasanjo when he is no more
They gave us $18 billion as relief, we paid off $12 billion. OBJ never left $70billion, he left $42billion.

1 Like

zero8zero(m): 6:14pm On Apr 04
Agbegbaorogboye:

What is this zombie with zero sense saying?

He did not reduce it abi? Oya tell your god to cancel the $40bn debt abi he nor get biro ni

Mugu

Tinubu is not fit to lace OBJ's shoes now in this world and the world to come

He's just a bloody hypocrite who gathered clowns like you with agbado to worship and defend him
You're an Illiterate, that's why it was called debt relief or cancellation. He didn't grow enough reserves to pay it off, rather he had to beg for debt forgiveness which was granted to him. Tinubu is doing fantastically well reducing external debts, serving debts and growing the reserves.
Agbegbaorogboye: 6:20pm On Apr 04
zero8zero:

You're an Illiterate, that's why it was called debt relief or cancellation. He didn't grow enough reserves to pay it off, rather he had to beg for debt forgiveness which was granted to him. Tinubu is doing fantastically well reducing external debts, serving debts and growing the reserves.
We are still saying the same thing. Since he just woke up from his bed and put a call to the Paris club of debtors and voila, the debt was cancelled, let Tinubu do same now

You think it was an accident of history that DMO, BPE, EFCC, NFIU and other financially responsible offices were created by OBJ in the 2000s

And some of you clowns just sing along like zombies that your god is carrying out reforms cheesy cheesy

You're all a bunch of ignoramuses. You simply can't give what you don't have

2 Likes

Ofemannnu: 6:24pm On Apr 04
Ofemannnu: 6:25pm On Apr 04
Does this mean that President Tinubu has not borrowed up to $2billion externally since he became president?
He must be a genius if this is true.
3 gbosas for Tinubunomics.
fullclub: 6:28pm On Apr 04
zero8zero:

They gave us $18 billion as relief, we paid off $12 billion. OBJ never left $70billion, he left $42billion.

Obj left 70 billion plus 42+20+ excess crude
He explicitly said it here
Take time to watch this
https://nairaland.unblockandhide.com/8249209/tinubu-came-office-without-plan


https://www.youtube.com/watch?v=o8R76DGbFhI?si=N7azD7SJjeTOGkf0

1 Like

zero8zero(m): 6:31pm On Apr 04
Agbegbaorogboye:

We are still saying the same thing. Since he just woke up from his bed and put a call to the Paris club of debtors and voila, the debt was cancelled, let Tinubu do same now

You think it was an accident of history that DMO, BPE, EFCC, NFIU and other financially responsible offices were created by OBJ in the 2000s

And some of you clowns just sing along like zombies that your god is carrying out reforms cheesy cheesy

You're all a bunch of ignoramuses. You simply can't give what you don't have
You're only proving me right how much Illiterate you are. OBJ wasn't even the one that started the negotiation, it was a US based organization that initiated a report and intimated Nigerian Govt to take advantage of the window for debt relief for less developed countries since others were also getting debt relief. That was when OBJ appointed of his cabinet to work with the organization. So, OBJ practically begged for it.
That he created agencies and departments, then that makes him what?. Were the MDAs he met on ground not created by previous istrations?. Try dey use common sense na.
HisXLNC1: 6:31pm On Apr 04
LegendHero:


You no sabi read? Where do you see debt increase.

You that can read, the loans this present istration is taking upandan are they internal debt? Don't you know that government services it's debts and borrow more?
Ofemannnu: 6:35pm On Apr 04
LegendHero:
So Jagaban dey service the previous loan, took his new loans and ensured the loans remain static at a given +- value.

God bless President Tinubu.
That man is a genius.The problem was the subsidy which if not removed would have made Nigeria bankrupt.

1 Like

zero8zero(m): 6:39pm On Apr 04
fullclub:


Obj left 70 billion plus 42+20+ excess crude
He explicitly said it here
Take time to watch this
https://nairaland.unblockandhide.com/8249209/tinubu-came-office-without-plan

You come quick add ECA to it grin. The purpose of ECA is different from external reserves, ECA belongs to the FG + States, and it's meant for sharing among them.
sonnie10: 6:42pm On Apr 04
Umaru Musa Yar'Adua GCFR was a Nigerian politician who served as the president of Nigeria from 2007 until his death in May 2010. That period saw the lowest external debt.
ElevationD: 6:54pm On Apr 04
zero8zero:
Look at OBJ, after Paris club gave us debt relief, he still ended up collecting another loan, leaving behind behind another $3billon debt .



Tinubu will not bring down anything to 800 or 80 naira, market forces will continue to determine the true value.

So you were part of the team that negotiated the loan ? Or you gave OBJ the idea how to go about that debt relief.
Agbegbaorogboye: 6:54pm On Apr 04
zero8zero:

You're only proving me right how much Illiterate you are. OBJ wasn't even the one that started the negotiation, it was a US based organization that initiated a report and intimated Nigerian Govt to take advantage of the window for debt relief for less developed countries since others were also getting debt relief. That was when OBJ appointed of his cabinet to work with the organization. So, OBJ practically begged for it.
That he created agencies and departments, then that makes him what?. Were the MDAs he met on ground not created by previous istrations?. Try dey use common sense na.
The next step for APC buffoons is to tell lies
Why don't you mention the name of the organization? Debt relief that OBJ already mentioned as early as 2000.
Oya Tinubu too should go and beg for it abi he doesn't know how to beg ni. Sebi your previous god Buhari asked for debt relief after covid. Why didn't he get it?
Those agencies are the bedrock of the debt relief. Those agencies showed seriousness from the govt to be fiscally responsible and with the progressive economic management of that govt, they qualified for the debt relief. It shows a high level of financial awareness and public ability to create such offices in a corrupt country like Nigeria. That is what is called reforms not this audio reform of trial and error.
If it is easy. Tell Tinubu to go and beg for debt relief too.

1 Like

LegendHero(m): 6:57pm On Apr 04
HisXLNC1:

You that can read, the loans this present istration is taking upandan are they internal debt? Don't you know that government services its debts and borrow more?

How much loan is this istration taking? Let’s start from that.
DataDoc: 7:05pm On Apr 04
LegendHero:

Source: https://x.com/statisense/status/1908161166775308738?s=46

Summary: Buhari ran Nigeria aground.

$30 billion extra loan during his tenure as president
LegendHero(m): 7:12pm On Apr 04
DataDoc:


Summary: Buhari ran Nigeria aground.

$30 billion extra loan during his tenure as president

Buhari government just ran things normal.

If our main source of revenue from crude oil go low and you need to subsidy on FX/fuel, then you need to borrow more to meet your obligation. It is the same thing Argentina is doing now.
zero8zero(m): 7:35pm On Apr 04
Agbegbaorogboye:

The next step for APC buffoons is to tell lies
Why don't you mention the name of the organization? Debt relief that OBJ already mentioned as early as 2000.
Oya Tinubu too should go and beg for it abi he doesn't know how to beg ni. Sebi your previous god Buhari asked for debt relief after covid. Why didn't he get it?
Those agencies are the bedrock of the debt relief. Those agencies showed seriousness from the govt to be fiscally responsible and with the progressive economic management of that govt, they qualified for the debt relief. It shows a high level of financial awareness and public ability to create such offices in a corrupt country like Nigeria. That is what is called reforms not this audio reform of trial and error.
If it is easy. Tell Tinubu to go and beg for debt relief too.
What's special about the AI screenshot you posted?. I already said the same thing. Tinubu will never beg, he's servicing debts, reducing external debts, growing the reserves in less than two years, why must he beg?. A genius of a President.
fullclub: 7:36pm On Apr 04
zero8zero:

You come quick add ECA to it grin. The purpose of ECA is different from external reserves, ECA belongs to the FG + States, and it's meant for sharing among them.

How much excess has Buhari, tinubu saved.


Please let's talk with share sense of responsibilities.

It's a pity that obasanjo saved over 45 billion in just 8 years, paid over 15 billion in total debt then in addition left over 25 billion in excess crude.

All these are the very reason there is suffering in the land, they squandered all money and are shouting no funds to subsidies fuel.

Here in the UK public transport is cheap and is subsidies heavily. I can travel 300 hundred times between two or three cities or even the region for just 2 pounds. Just get the tick and continue using for 12hrs

2 Likes

zero8zero(m): 7:36pm On Apr 04
ElevationD:


So you were part of the team that negotiated the loan ? Or you gave OBJ the idea how to go about that debt relief.


zero8zero:

You're only proving me right how much Illiterate you are. OBJ wasn't even the one that started the negotiation, it was a US based organization that initiated a report and intimated Nigerian Govt to take advantage of the window for debt relief for less developed countries since others were also getting debt relief. That was when OBJ appointed of his cabinet to work with the organization. So, OBJ practically begged for it.
That he created agencies and departments, then that makes him what?. Were the MDAs he met on ground not created by previous istrations?. Try dey use common sense na.
Abufo: 7:43pm On Apr 04
Agbegbaorogboye:
What a tragedy!!

As at 2015 when these incompetent baboons were yet to take power, external debt was just $10bn!!

Today, even with unprecedented taxation of Nigerians comparable only with the colonial days that led to revolts in Aba and Abeokuta, external debts have ballooned to $43bn!!

If you add the $3.3bn taken through NNPCL from Afreximbank to be paid back with our oil production, the external debt is actually $46.33bn!!

APC is a disaster that shouldn't befall any country



Oga...your debt is 54 billion dollars......with punitive interest
Agbegbaorogboye: 8:10pm On Apr 04
zero8zero:

What's special about the AI screenshot you posted?. I already said the same thing. Tinubu will never beg, he's servicing debts, reducing external debts, growing the reserves in less than two years, why must he beg?. A genius of a President.
Hahahaha
So it's infantile triumphalism now

Only a very naive individual will confidently declare what a Nigerian politician will do or not do

Some folks in 2004 will say Tinubu will never declare state of emergency
Some in 2012 will say Tinubu will never remove subsidy

Are you clowns even aware that Nigeria restructured its debt under Tinubu? That's why we're paying less to service debt now? What does restructuring entail?

When Tinubu was going from India to to "look for investors" what was he doing?

A genius of a president who crashed the economy and threw his citizens into the depths of poverty in less than two years and had multinational companies making a bolt for the exit door is a genius indeed!

I guess a child who goes from 20th position to 19th in a class of 25 students is a genius in your cocoon

2 Likes

Agbegbaorogboye: 8:12pm On Apr 04
Abufo:




Oga...your debt is 54 billion dollars......with punitive interest
How do you mean
SUGARCyprian247: 8:57pm On Apr 04
smiley

Take it to 2025 and See that it’s over 54 Billion USD


Yoruba Presidents and APC .. omo

I love that Tribe o, But there elites are plain wicked, especially the ones in Govt

God bless Yaradua , Better thing no dey Last

1 Like

atobs4real(m): 8:57pm On Apr 04
LegendHero:
So Jagaban dey service the previous loan, took his new loans and ensured the loans remain static at a given +- value.

God bless President Tinubu.
Which party or government took more?
Probz(m): 9:13pm On Apr 04
Is that it? I thought it would be trillions and trillions.
persius555(m): 9:14pm On Apr 04
Buhari 's rule did a lot of damage to the Nigeria's economy
zero8zero(m): 9:23pm On Apr 04
Agbegbaorogboye:

Hahahaha
So it's infantile triumphalism now

Only a very naive individual will confidently declare what a Nigerian politician will do or not do

Some folks in 2004 will say Tinubu will never declare state of emergency
Some in 2012 will say Tinubu will never remove subsidy

Are you clowns even aware that Nigeria restructured its debt under Tinubu? That's why we're paying less to service debt now? What does restructuring entail?

When Tinubu was going from India to to "look for investors" what was he doing?

A genius of a president who crashed the economy and threw his citizens into the depths of poverty in less than two years and had multinational companies making a bolt for the exit door is a genius indeed!

I guess a child who goes from 20th position to 19th in a class of 25 students is a genius in your cocoon
Pls, try dey charge your brain.. you're beating around the bush. No time abeg.

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