NewStats: 3,259,422 , 8,170,056 topics. Date: Saturday, 24 May 2025 at 10:39 PM 6t3c5q

Still robbing Peter to pay Paul

Tinubu is trying his best

Make Una continue dey celebrate criminals and their propaganda

zero8zero:
Bad news to the emergency lovers of Nigeria. They have been running helter skelter to discredit the news to console their bitter hearts but nothing for them. God bless Nigeria.

Nigeria has changed focus from borrowing from financial institutions to nations e g china

Putindbutt:
Shame on wailers.

One thread was posted on NL sometime ago juxtapositioning okonjo iweala to wale edun lead finance management

Citing this imf debt obligation payment is testament to his prowess in managing the finance ministeries

zero8zero:
Bad news to the emergency lovers of Nigeria. They have been running helter skelter to discredit the news to console their bitter hearts but nothing for them. God bless Nigeria.

Not being on the list of debtors, does it negate we are owing Debt relieve we know, bad debt written off we know .. which one is not on the list of IMF
what if its an " error of omission" ... most APC people are school dropout we know

Why cant IMF come out in clear like paris club did during OBj era.

nonsnse people

I hope it wouldn't follow the trajectory of phantom Warri Refinery revitalization?

Saao:
Don't rush to believe anything from this government as they control everything controllable.

But you can rush to believe negative news.. bitter people sef.

Iwaeda, your work is well cut out for you. You need more propaganda materials to debunk this, else you lose your job

israelmao:
I hope it wouldn't follow the trajectory of phantom Warri Refinery revitalization?

This is IMF report, stop wailing. Warri refinery is rehabilitated but not at 100%, it was stated clearly from day one.

MuMu people what has that change in your current lives...with subsidy money they can settle all our loans in this world. How much is $1.6b? They can settle this money in a day in Nigeria...

SmartPolician:
Whenever I see a good thing, I must appreciate it. Well done, President Tinubu aka the Jagaban 💪💪💪

Good thing that nevers transit to reality or reflect any impact

Mention one good news that have reflected impact

Nigerians are not mad, you cant be urinating on us and expect us to dance it is raining .. well done for what exactly

You think you appreciate good news more than some of us, Lets see fuel price or dollar rate drop below #500 .. we go know whu sabi dance

theredaddy:



Not being on the list of debtors, does it negate we are owing Debt relieve we know, bad debt written off we know .. which one is not on the list of IMF
what if its an " error of omission" ... most APC people are school dropout we know

Why cant IMF come out in clear like paris club did during OBj era.

nonsnse people

Where in the report did you see debt relief or bad debt written off?. Una no dey tire, bitterness na curse?.

If you have shouted and cried blue whenever you heard that this government borrowed money for whatever reason but could not praise them now that the debts are being cleared, then you are one of the children of hate born with hate because of politics. If you cry blue about any action taken by this government and you know that if the same action is taken by your political messiah, you will justify it, then you are the worst of all creatures ever lived

And by the way, why is it that 90% of those hailing David Hundeyin or hyundai are those against Sandra Duru? How are the two different? If you cheer one and abuse or are against the other, then you the most idiotic of all

They re doing this to spite Traore. Is the economy running like one that its debt has been fully repaid?

Why is the naira still undervalued? Foreign loans are the reason why local currencies are undervalued.

If ours has benn wiped clean we ought to see appreciation of its value, reminds me of the 30bn dollars Okonjo Iweala claimed was paid to wipe Nigeria's foreign debt during Obasanjo's time, it didnt last up to 2 months Nigeria was indebted again.

- The $3.4 billion principal has been cleared, but **interest and charges** (e.g., SDR assessments, GRA fees) remain. These will be paid annually until 2029, totaling ~$590 million
So obviously there are still work to do attained total delisting of indebtedness.

Celestialsword:
Nigeria has changed focus from borrowing from financial institutions to nations e g china

Lol, see another twist from bitter people. So Nigeria just started borrowing from China?. Even loans from china is just about 11%. Una go wail tire.

touchmark:
- The $3.4 billion principal has been cleared, but **interest and charges** (e.g., SDR assessments, GRA fees) remain. These will be paid annually until 2029, totaling ~$590 million
So obviously there are still work to do attained total delisting of indebtedness.

We ain't paying shishi, the Punch report una dey carry ontop una head is bullshit.

Putindbutt:

Where in the report did you see debt relief or bad debt written off?. Una no dey tire, bitterness na curse?.

Please shutup if you lack comprehension IC, telling us Nigeria is no longer on the list of IMF without any clear term doesnt make logical sense

Give the phone to educated people around to read and translate what i said in your local dialect to you

fabolouz1:
Does this call for celebration? certainly it does.
Even though the Obasanjo Government achieved this feat with the world bank but successive Government due to their poor financial judgement went again on spending free.
one day we shall be debt free and the word of God in Deut. 15:6-11;28:12 shall be fulfilled.
God Bless Nigeria.

The debt clearance under Obasanjo was part of a debt forgiveness program under which several African countries had their debts forgiven in full.( Countries like Niger got all.their debt forgiven)


Nigeria got two thirds of its debt forgiven , and we had to pay the remaining one third which we did.

magoo10:
Under the emilokan oluwole government Nigeria is still heavily indebted in other loan facilities with foreign reserves depleting on a steady.
Make una get shame abeg when things get better it will be audible and clear to even the deaf and dumb.

Highly indebted with new loans despite saying otherwise.
How do these crooks sleep at night

ManirBK:
Aug 28, 2023
The Federal Government says it has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation.

The Minister of Finance and Coordinating Minister for the Economy, Chief Wale Edun, revealed this at the end of the inaugural Federal Executive Council meeting on Monday in Abuja.

He said that the benefit of the subsidy removal would be ploughed back into various sectors aimed at boosting government revenue and improving the business environment for local and foreign investment.

Edun said that with the increased revenue from subsidy removal, various palliatives have been made available to cushion its effect on a short, medium and long-term basis.

He reiterated the President Bola Tinubu-led istration’s desire to bring back the economy from the wood it has found itself over time.

https://www.vanguardngr.com/2023/08/fg-ends-borrowing-finance-minister/amp/

Putindbutt:
We ain't paying shishi, the Punch report una dey carry ontop una head is bullshit.

So who are we paying all the 2025 debt servicing to

Why is ebiolokan running a Ponzi scheme debt ecosystem?

Oladimeji556:
Nigeria’s external debt service is expected to rise to $5.2 billion in 2025, marking a growing fiscal burden despite ongoing economic reforms, according to a new report by Fitch Ratings.

The credit rating agency made the projection in its latest commentary, which also saw Nigeria’s long-term foreign-currency issuer default rating upgraded from ‘B-’ to ‘B’ with a stable outlook. The agency attributed the anticipated rise in external debt servicing to scheduled amortisation payments and a $1.1 billion Eurobond repayment due in November 2025.

https://ratecaptain.com/nigerias-external-debt-servicing-projected-to-reach-5-2-billion-in-2025-fitch/

#loandefaults #creditrisk #corporatefinance #bankingsector #cbnreport

Houseontherock1:
Still robbing Peter to pay Paul

You have put ebilokan's useless economic mismanagement so well.

chisomkachy:
Nigerian President Bola Tinubu’s first supplementary budget includes a fleet of SUVs for himself and his wife, a presidential yacht and the renovation of his villa amid a cost-of-living crisis for some of the poorest people in the world.

The proposal — which seeks additional funding beyond the annual budget approved by Tinubu’s predecessor — comes as the government asks Nigerians to persevere through pain caused in part by a raft of economic reforms ushered in by the new president. Africa’s most populous country faces rampant unemployment, soaring food prices and a plummeting currency.

Federal lawmakers approved the president’s request for extra spending on Thursday, but eliminated the provision of 5 billion naira ($6.01 million) to buy a presidential yacht. Instead, they doubled the allocation to a student loan fund to 10 billion naira, according Abubakar Bichi, chairman of an appropriations committee in the House of Representatives.

The lawmakers approved 1.5 billion-naira proposed to purchase SUVs for the office of First Lady Oluremi Tinubu — an amount larger than that allocated to many individual federal colleges. The supplementary budget also proposes almost 6 billion naira to purchase SUVs for the presidency — more than the amount initially allocated to fund a student loan program for poor families.


https://www.bloomberg.com/news/articles/2023-11-02/nigeria-budgets-for-suvs-and-yachts-amid-economic-hardship

Jagaban till 2031

Thank you BAT and his istration.

theredaddy:



Please shutup if you lack comprehension IC, telling us Nigeria is no longer on the list of IMF without any clear term doesnt make logical sense

Give the phone to educated people around to read and translate what i said in your local dialect to you

What clear term is this illiterate talking about?. This is a report by IMF ed on its website, Statisense has even confirmed it. So, what are you wailing about?. Abeg go and sell your gala and leave a topic beyond your mental capacity.

And what is comprehension IC?

anonimi:


So who are we paying all the 2025 debt servicing to

Why is ebiolokan running a Ponzi scheme debt ecosystem?

Pls, how does what you posted make any sense on this thread?. I know we are dealing with a lot of educated illiterates on this forum.

Whiteshield:


Just remain that way.
The home training you didn't get at home, you will get it here.

🤣🤣🤣🤣🤣🤣

Good one.

God bless Nigeria.
God bless Tinubu

Emergency Nigeria Citizen(ENC) won't like this.

No pain no gain is paying off now

Just watch their Sahara desert will create a fake link to counter this to oil the ego of those enemy of progress called obidient. Keep watching they will be here soon with their usual fake link
..

chudez0147:
How does this benefit the common man on the street ?

The same way you feel indebtedness will harm common man on the street.



We learn every day

Interesting