NewStats: 3,261,536 , 8,174,283 topics. Date: Thursday, 29 May 2025 at 02:39 PM 3i2m6c6z3e3g |
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SmartPolician:What will you now say about this ? Comparing Nigeria,South Africa and Egypt debts: In the 2024/25 financial year, South Africa's total debt, including government, household, and corporate debt, is estimated to be around $699.5 billion. This includes a government debt component of $300.2 billion (USD) at the end of 2024. The total debt represents a significant portion of the country's GDP, with the debt-to-GDP ratio ranging from 69.2% to 129%. While all the total debt of Nigeria is 94.23 billion dollars that of South Africa is more than seven times bigger at 699.5 billion dollars. As for Egypt..... In June 2024, Egypt's external debt was $152.9 billion, which is 40% of its GDP. This means that Egypt owes approximately $152.9 billion in total debt to external creditors. While Nigeria's total debt is $94.23 billion,Egypt is your oga in debt with $152.9 billion and Egypt household debt(domestic) is $23.5 billion dollars...totalling $176.4 billion. https://www.ceicdata.com/en/indicator/egypt/household-debt In 2025, Egypt's population is estimated to be around 118.4 million, while South Africa's population is estimated to be around 64.7 million. Egypt's population is projected to be 116.5 million in 2024. South Africa's population was estimated to be 63.0 million in 2024. In 2025, Nigeria's population is projected to be around 234.57 million. In 2024, the population was estimated at 227.71 million. Projections indicate a significant increase in population over the next few years, according to statista. 6 Likes 3 Shares |
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SmartPolician:What about World Bank, IMF and Fitch rating are they all coming to settle in Nigeria too because they have all said the same positive words about Tinubu's reforms? Or are you just sad of good news as usual? 9 Likes 2 Shares |
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Maxymilliano: Ignorance from CUPP. Comparing Nigeria,South Africa and Egypt debts: In the 2024/25 financial year, South Africa's total debt, including government, household, and corporate debt, is estimated to be around $699.5 billion. This includes a government debt component of $300.2 billion (USD) at the end of 2024. The total debt represents a significant portion of the country's GDP, with the debt-to-GDP ratio ranging from 69.2% to 129%. While all the total debt of Nigeria is 94.23 billion dollars that of South Africa is more than seven times bigger at 699.5 billion dollars. As for Egypt..... In June 2024, Egypt's external debt was $152.9 billion, which is 40% of its GDP. This means that Egypt owes approximately $152.9 billion in total debt to external creditors. While Nigeria's total debt is $94.23 billion,Egypt is your oga in debt with $152.9 billion and Egypt household debt(domestic) is $23.5 billion dollars...totalling $176.4 billion. https://www.ceicdata.com/en/indicator/egypt/household-debt In 2025, Egypt's population is estimated to be around 118.4 million, while South Africa's population is estimated to be around 64.7 million. Egypt's population is projected to be 116.5 million in 2024. South Africa's population was estimated to be 63.0 million in 2024. In 2025, Nigeria's population is projected to be around 234.57 million. In 2024, the population was estimated at 227.71 million. Projections indicate a significant increase in population over the next few years, according to statista. 2 Likes 1 Share |
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saysoo:Ok,I am getting off Trump and using South Africa and Egypt's debts to compare to Nigeria's debt. In the 2024/25 financial year, South Africa's total debt, including government, household, and corporate debt, is estimated to be around $699.5 billion. This includes a government debt component of $300.2 billion (USD) at the end of 2024. The total debt represents a significant portion of the country's GDP, with the debt-to-GDP ratio ranging from 69.2% to 129%. While all the total debt of Nigeria is 94.23 billion dollars that of South Africa is more than seven times bigger at 699.5 billion dollars. As for Egypt..... In June 2024, Egypt's external debt was $152.9 billion, which is 40% of its GDP. This means that Egypt owes approximately $152.9 billion in total debt to external creditors. While Nigeria's total debt is $94.23 billion,Egypt is your oga in debt with $152.9 billion and Egypt household debt(domestic) is $23.5 billion dollars...totalling $176.4 billion. https://www.ceicdata.com/en/indicator/egypt/household-debt In 2025, Egypt's population is estimated to be around 118.4 million, while South Africa's population is estimated to be around 64.7 million. Egypt's population is projected to be 116.5 million in 2024. South Africa's population was estimated to be 63.0 million in 2024. In 2025, Nigeria's population is projected to be around 234.57 million. In 2024, the population was estimated at 227.71 million. Projections indicate a significant increase in population over the next few years, according to statista. What else do you want to say,sir? |
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rinzaugustine:Stop the lie. Jonathan was a gentleman but with all the humongous revenue that he made during his tenure,Nigeria was borrowing money to pay workers in 2014 before the arrival of Buhari. They have squandered all. His beginning was good but the end was disastrous. |
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RenaissanceGuy:Are you really educated? Borrowing is not bad if only they wouldn't loot it. All nations of the world including USA,China borrow and still continue to borrow. During the first term of Trump,national debt increased by approximately $7.8 trillion during his presidency, driven by tax cuts (e.g., TCJA 2017) and COVID-19 relief spending (e.g., CARES Act 2020). Debt at start (2017): ~$19.9 trillion Debt at end of his 4 years (2021): ~$27.7 trillion. He borrowed a whole 7.8 trillion dollars in 4 years. All of the entire Nigeria's total public debt is $94.23 billion ![]() as of December 31, 2024. Not even up to 100 billion dollars...mtcheww. If only we have the capability of borrowing up to a trillion dollar even for the 8 years,Nigeria's growth will be exponential. And that is if they don't loot it which I am sure Tinubu will never allow because of his desire to grow Nigeria economically. 7 Likes 1 Share |
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Oh my! I truly want the FG to borrow more than this 21.5 billion dollars so as to trigger enormous growth and development in Nigeria because I know that President Tinubu will use the money for what it is actually borrowed for. Tinubu wants to make record as being the one who put Nigeria on the exponential growth pedestal and I think he is on the right track. He really needs to borrow a large chunk to propel growth and social development. It was infrastructures that galvanised the growth of Dubai before production,HDI etc followed. Our previous govts did us bad wella. I pray President Tinubu succeeds. As for MTEF (and FSP),the Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) are not practiced exclusively in Nigeria. These are widely used tools for fiscal management in many countries, both developed and developing. The MTEF is a process for making budget decisions over a multi-year period, while the FSP outlines the government's fiscal policy goals and strategies. 7 Likes 1 Share |
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Please,what is Prince Dapo Abiodun doing in Ogun state? That man,even with the tripled FAAC, has done almost nothing tangible. Bestmanfornow....Poor Anambra ![]() I didn't forget the others o. |
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abiodunbright: In Nigeria, the federal government and the states share revenue through the Federation Allocation Committee (FAAC). The current revenue sharing formula allocates 52.68% to the FG, 26.68% to the states, and 20.60% to local governments. Additionally, oil-producing states receive a 13% derivation fund. Now all FAAC allocations to governors etc have tripled.They are paying their debts and borrowing none or less.Most of them are executing projects right,left and centre without borrowing. No ASUU strike and all other strikes that have become a culture in Nigeria. Tinubu himself had borrowed 9.9 billion dollars since his coming and he has paid back more than 12 billion dollars of Nigeria's debt. Borrowing is not bad if only they would use it for production or infrastructures and not looted. |
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Good. He is paying the debts even the ones he met on ground. Even Keir Starmer,Trump etc are borrowing money. Serious nations and govts will always borrow and pay as much as possible but they should use the money for laudable projects not loot. We all know that President Tinubu has 4 legacy projects and numerous projects all over the 6 geo political zones of Nigeria. There had never been projects being executed simultaneously all over Nigeria the way they are in this dispensation. He should have borrowed up to 50 billion dollars in order to quicken the growth of Nigeria and Nigerians. |
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Ofunaofu:There is only one 'obidients'.They are mostly Igbos who carry Obi for head like gala though he was a failure when governing Anambra but tribalism don block their zombie brains to think. 4 Likes 1 Share |
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jmoore:True. All the money Tinubu borrowed since his coming on board is 9.9 billion dollars but he has repaid more than 12 billion dollars of Nigeria's debt within 1 and half years. That is chronic prudence. Prudence at its peak. 5 Likes 2 Shares |
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Sibrah:Enemy of progress. Spits 1 Like 1 Share |
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IyfeNamikaze:How can the SE lead in Human development when SW has the best people and most successful people in Nollywood,Music,ICT,Lawyers,Doctors etc. You sound like a clown. Have been to the East and one can see why WE is gradually becoming a desert because everybody SE is fleeing the SE for the rich SW. |
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ArcSEMPECJ: Everybody knows that you people just make mouth to deceive yourselves. Ogun state is more infrastructurally developed than Anambra state and Ibadan is more developed than the entire SE Igboland. The proofs are here on nairaland. I have been to the East and I understand wgt Igbos are running away from the East to the rich SW. 1 Like |
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gidgiddy:That is because he is an orphan. Is it a sin for an orphan to be the president? |
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Czarugo007:I only saw 5 Mmesoma brothers there. Not 7. |
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Mandate1:Yoruba have 3 times the number of Professors Igbos have. They dominate... Law. Medicine. Engineering. Entertainment. Music. Business. Youngest PhD holders etc. Even they dominate in the diaspora. 1 Like |
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Fake.No link to .
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Ofemannnu: lol I don't know why they are always lieing. This NECO stats might also be one of their lies. So pathetic. |
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ezioyi:Paying toll gates makes the roads last almost forever because of constant maintenance by the concessionaires. Maintenance is a very chronic problem in Nigeria. 4 Likes 2 Shares |
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Thanks to baba Tinubu. If other previous govts had used this PPP strategy,Nigeria would have progressed exponentially. It was infrastructures that made Dubai what it is today. 4 Likes 1 Share |
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Bobodee09:I am sorry but I don't think you have ever been in the uni. When I was in the university,I knew an old man who was an undergraduate and he was a regular(not partime) student. |
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Sensational
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illicit:Yes,there are some students that have white bia bia. Is it a sin or is it forbidden? 53 Likes 3 Shares |
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Agboriotejoye:Do your homework.I hope you are learned.Use google/AI.
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Stooping to win.
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![]() Make I no say wetin dey my mouth. Na powder... 2 Likes |
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