Nigeria Ranks 4th In World Bank Top Debtors’ List (A Must Watch)
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- เผยแพร่เมื่อ 15 ก.ย. 2024
- Former President of the United States, Ronald Reagan, once said and I quote; "We don't have a trillion-dollar debt because we haven't taxed enough, we have a trillion-dollar debt, because we spend too much". Could this be the lot of Nigeria, as the debt profile of the country continues to rise?
This has pushed Nigeria up the World Bank’s top 10 International Development Association, IDA borrowers’ list. According to World Bank Fiscal Year 2022 audited financial statement, Nigeria is now rated fourth position on the list, with 13 billion dollars debt stock, as of 30th of June, 2022, from fifth and 11.7 billion dollars debt stock in June, 2021. #DebtProfile #DebtManagement #Stock #IfeanyiOkowa #apc #apcpresidentalprimaries #2023presidency #2023Elections #DeborahEmmanuel #NnamdiKanu #IPOB #2023Presidency #Russia #Ukraine #UkraineCrisis #RussiaInvadesUkraine #TVCNews #TVC #News #NaijaNews #NaijaGist #Entertainment #NewsUpdate #BreakingNews #NewsInNigeria #NewsInNigeria #TH-cam #Video #TodaysNews #TodaysVideo #NigeriaNews #TrendingGists #TH-cam #TrendingVideo #abbakiyari #abbakiyaricase #PresidentBiden #VladmirPutin #TVCNews #NewsUpdate #BabjideKoladeOtitoju #2023Presidency #2023Elections #APC #JournalistsHangout #TVCNews #NewsUpdate #businessnews #onlinenews #latestnews #todaynews #2023election #election #2023presidency #latestnews #onlinenews #todaynews #9janews #NewsUpdate #onlinenews #todaynews #9janews #latestnews #2023Presidency #NewsUpdate #IssuesWithJide #Buhari #TH-cam #Video #DailyNews #BreakingNews #IPOB #Biafra #Tinubu #NnamdiKanu #FemiFalana #NigeriaNews #2023Election #TrendingNews #9jaNews #PDP #APC #DailyNews #NewsToday #9jaNews #politicstoday #Otitoju #BabajideOtitoju #JournalistHangout #BukolaSaraki #Otitoju #GovernorSanwoOlu #NewsNigeria #TrendingVideo #AsiwajuBolaAhmedTinubu #BolaTinubu #BolaAhmedTinubu
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This is the reason why APC deserves sacking. The election of Tinubu will be extremely disastrous for Nigeria.
GOD, please save Nigeria NOW IN JESUS POWERFUL NAME. AMEN.
God won't save Nigeria until people start taking personal responsibility for their actions.
PDP and APC should be sent to exile for destroying Nigeria 🇳🇬. Only a sound mind can rescue us. Obidients have seen the light 💡
Imprisonment would be more appropriate than "exile".
@@oceejekwam6829 good point however justice system has to be reformed including legislative because all are corrupt and incompetent
@@myazpiration3861 Very true. The mess is massive. Wholesale reform is needed.
Thanks for sharing your knowledge.
@@oceejekwam6829 you are welcome 🙌🏾
From the 1.3 billion dollars borrowed, 1.4 billion Naira was gifted to some foreign countries while citizens have to pay through their nose for food and transport; not forgetting the Asuu strike. Is Nigeria cursed?
Naira will be 2000 Naira for 1 USD and everyone will feel the heat . We are now on just advertisement soon we will enter the real movie .
The nigeria government should release mazi nnamdi kanu the leader of the indigenous people of Biafra
Ask Lai Mohammed, Femi Adesina, Garba Shehu and other APC members to comment on this and they will tell you that some other countries are having the same problem. I asked myself question whether these people are really Nigerians. Or foreigners who came to destroy Nigeria.
Of course, they are not from Nigeria, lai Mohammed for example is a migrant from Sudan.
Jide I gbadun you, something must happen,and that thing is total distingration, Yoruba nation now, no going back and it's unstoppable
You guys with Channel TV packaged this Buhari and The APC and brought him on . By November IMF / World bank will declare Nigeria a failed state
That's the best APC can get Nigeria into. Vote them again. Shame shame shame to Nigeria
I don't see Nigeria ever ever moving forward without restructuring. The country called Nigeria is bankrupt. It is time to face the truth and facts
How did you get here? Very good question. How we got here started with Bola Ahmed Tinubu bringing Buhari to run for office.
The looming debt crisis in Nigeria is concerning. Nigeria needs to quickly take the right actions individually and collectively.
Frankly, our 'nine' lives is fast running out. Time is no longer on our side.
If Nigerians dare vote PDP in, trust me, throughout their tenure, it will be dominated with blaming Apc and at the end, they won't achieve anything and if APC mysteriously win , we are all doom... Nigerians don't need another presidency
I don't blame the APC & PDP politicians and their families because we know they are corrupt thieves, rather , I blame the millions of Nigerians that still support PDP & APC openly and still say they'll vote for them cum 2023 elections. Truly, a nation deserves the leaders it gets!
The sum of #82 billions stolen from Central Bank of Nigeria where is the money?did Nigeria government do anything to prosecute the thieves?
“How did we get here?” This is what a country gets when you appoint “empty heads” people without the slightest clue of anything to critical positions in government leadership. Nigerians voted for a leader who is leading them with impunity. He doesn’t care, doesn’t shake, he’s not bordered. He doesn’t even act as if he is part of the country. Why would he care? His family doesn’t even live in Nigeria. Nigerians be ware, don’t let this happen again.
What are the debt for? Nation building or state capture or diversion or stolen or embezzlement?
Sorry,Mr Babajide,Atiku as you said,us one of the politicians who embezzled and stole money to enrich himself. Pls,no one should try and cover for up for the past and present politicians.
TVC can no longer defend APC.
Farmers have more common sense than Nigerian politicians except Mr. Peter Obi.
A grain of corn or maize will produce more than 100 grains.
Nigerian politicians spend money on infrastructure for aesthetics.
Infrastructure projects should yield at least 100 folds the money spent.
Infrastructure projects and oil revenue sharing is what Nigerian politicians are good at.
Buhari has failed we Nigerians seriously
So what steps will the "government under the 'finance minister' " take to improve the debt: revenue ratio?
You campaign to remove saraki as senate president because he scrutinises the budget.. this current senate approves everything.. don’t worry the sell of Nigeria will soon be approved.
It will be hard for whomever is elected as president next year. The cost of governance is killing this country. Increase minimum wage, take away petrol subsidies (the petrol that is being illegally sold to neighboring countries), sell those refineries to private entities, and reduce the cost of governance. Unfortunately, the party that removes petrol subsidy will suffer a great loss in subsequent elections.
Please, let's Vote for OBIDATTI for a true, positive & drastic change. Thanks...
We should stop deceiving ourselves as if we did not know the truth. God will punish everyone of them. Even the president knows of it,because he is also involved.
Let join hands together to break up ZOOGERIA. Everyone appears to be tired in the ZOO. YORUBA SOVEREIGN NATION lS THE ANSWER.
Do not join the Igbos to call your country a zoo. For now, it is home no matter where you are in the world. You can canvass for yoruba nation without cursing Nigeria and calling it a zoo.
Those are the back benchers who don't know what is happening in class. It's like saying Tony came last, Mike came last and Sisi is also at the bottom of the class so I'm okay. Those ignorant economists should ask themselves what kind of economy Nigeria is? Nigeria is a consuming economy. She produces next to nothing. It is true that the United States has a lot of debt but guess what, most countries domicile their external reserves in dollars. Your crude account and all are all domiciled in dollars. You don't do anything without the US dollars. You feed their economy and strangle yours. It means you can't and should never compare Nigeria to some countries especially the US. Nigerian economists should do better. Well done guys! The media in Nigeira has woken up and it is quite an impressive sight. The conversations are relevant.
Jide add this debt profile of Nigeria to insecurity, economic collapse and galloping corruption across the length and breath of Nigeria what justifications does Buhari and APC have for such disasters in governance and yet the guts to face Nigerians looking for their votes in 2023? Is it because the best Nigerians can have is this type of government !? That Nigerians can not have something better with over two hundred million people ? What a pity !
Bro were did America Rank?
Useless people and some youths are supporting Atiku and Tinubu for 2023 election all we need is Peter Obi, if Obi lose the election Nigeria will be the worst country to live as from 2023 we the youths are not joking this time around
Sorry is l meant. Typographical error.
How did we get here?
Borrowing is not bad as it may sound. Nigeria needs to improve on its infrastructures for economy improvement and earnings. Nigeria has to borrow for us to attract foreign investments and fight insecurities she's currently facing. It will not be okay to borrow for paying salaries and subsidies of any kinds. It's about time for government to remove all subsidies that includes gasoline, education and others. Governments should look into helping less privileged citizens through grants, loans and grantee loans. It's about time to stop subsiding billionaire, millionaires with gasoline and fertilizer.
that's to show you how foolish this government are borrow money to pay debt using Nigeria to compare country who have fair instead of comparing country that's doing well
It's not pronounce as depts it's debts..pronounce it as death!!
Mark my word if Tinubu gets into power his tenure will be worse than Buhari
What do you expect from a criminal to do for you in Nigeria
Group of looters will emerge again
God forbid I reject APC and PDP
Can anyone tell the measures the president has taken to improve things in Nigeria? Any legislations? Any bills signed? What about the manufacturing sector in Nigeria? Is there anything like that? Any news about education? Next step is to hand over a fucked up country to someone else. Do the northern leaders still think that the country belongs to them? Oil rich delta is an environmental disaster. It’s time to stop and call for a national dialogue to set up a new start.
A" NEW START" IS TO BREAK UP THE COUNTRY !
THINGS HAVE FALLEN APART, THE CENTER CANNOT HOLD !
Nigeria we are finished!!
All the sentor and leaders should run away now because what is coming upon them, the amry or police cannot protect them when it comes
The grave situation Nigeria is in is tha we have corrupt , unpatriotic money -business politics politicians , who are DISHONOURABLE PARLIAMENTARIANS and an incompetent, clueless, failure of a CI C , managing our affairs and finances in Nigeria !!
What is the Solution - is what we should address now ; Nigeria is bankrupt completely !!
In addition, the whole of Africa owe China just above $27 billion dollars, Nigeria owe China just over $3 billion dollars, that's nothing compared to our GDP of $511 billion dollars plus GDP a year. Nigeria is now targeting another $500 billion dollars additional GDP by 2035. While every may not look rosy and l can understand peoples frustration we are making progress. There's money in Nigeria the problem is; the money is in the hands of a few. Money of that money needs to be circulated amongst our people to uplift their living standards. In terms of infrastructures we are on the right track.
What economy are you bland
hehehe , you want Nigeria to be fine financially, No way, until we learn that competence is a function of dignity of interest, seriousness in accountability and holding whoever to account , progressively orientated objectives inculcated appropriately no way fellow country men, when you like to play politics in a country, all the money that was borrowed up to 5million dollars in the name of a country has not been used for anything, why hasn't the group called senate, national assembly and the representatives raised alarm and subject the leaders to proper questioning, examination and trials, that money borrowed from everywhere are all hidden somewhere in their housed or aboad to acquire mansions, foolishness and poverty is from the mind not the pocket, you are paying the senate the highest salary compared to other countries of the world if l am accurate, in a country where development is prohibited, railway to another country , donation of over 1,1 billion to another in the name of l can do it the way l like, a president invited strange nomards into the country that is over 200 million people, all the representatives, endorsed that and now the countries qualms has been compounded in every ramification now you are still talking of only money. the ransonme paid by individuals and groups of nigerians , for the past 5 years has crossed safe bounderies, look watch out, for confiscation by lenders soon , countries like china might take a step to get back his money anyhow, that is just one , others will follow suit soonest, let's wait and see
You people should keep quiet and stop talking nonsense