Babajide Ogunsanwo Analyses Nigeria’s Debt Profile
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- เผยแพร่เมื่อ 27 ก.ย. 2024
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Nigeria has given birth to a nation . I love this guy
Truth be told, Buhari has totally messed this country, he has taken us backwards to such an extent that, in 50 years to come, the damage done by him cannot be erased. So much for the so called messiah
Not Buhari its APC 😅😅😅😅
@@henrychude8729 vice versa
@@muhammadmustapha3497 Tinubu sold Buhari to us for his own selfish interest, APC as a Political party has nothing benefiting to offer us other than their wicked selfish interest ....
@@henrychude8729 I agree with you, without Tinubu bringing southwest to the table in 2015,Buhari wouldn't have become president
@henry I would want to believe this.Througout in his campaign, they spoke for him,That was a red flag we didn't see.
"borrowed" is a nice way of saying "stolen"
Actually the first question should be, where was the 121 trillion Naira spent?
We’re in trouble as a nation. The APC has been a disaster and there are no signs they have learned anything. When will enough be enough?
Please & please let keep on voting APC & Old Men because of religion and tribe, let Always Maintain it. This country will be great soon.
😅😅😅😅😅
Omg.. Buhari really messed up Nigeria's economy
Not Buhari my brother, its APC that's destroying Nigeria 😅😅😅
@@henrychude8729 We need to move away from Party mentality to individual competence.
PDF is no different in terms of the candidates they present.
@@emmanuelaliji3497 Individuals with competence will not make it through our current transactional party system which simply means that the party structure has greatly contributed to the failure in the kind of leaders it presents... the kind of money paid by aspirants to contest for party primary elections alone is ridiculous, no one would spend such an amount of money and not want to loot public money when in office
Wow! We're not angry enough as Nigerians. This can't continue.😢
Blame religion for this. Alot of people are still waiting for miracle to happen. They are expecting to wake up one morning and hear that our politicians have been killed by miracle
Exactly. Look at Kenyans, Senegalese etc. they protest for their country. But in Nigeria it's tribal and foolish.
Could the reason we are also borrowing more be the fact that we have a clueless government currently in government?
Yea very clueless and incompetent
I think you need to rewatch the report.
That is no longer a question. We know the answer already except we want to keep deceiving ourselves.
@@thetrufh why so? You can state your point by being direct😀🥹
@@johnikeson3114 blaming the current administration for all of Nigeria's current problems is like blaming your tooth decay on the sweet you ate yesterday. It may allow you to vent but it's far from the truth.
God bless NIGERIA.
Keep wasting time praying
The statistics comparing current and past administration is not a fair one. Saying someone who has only spent one year is performing better than someone who spent 8 years and another who spent 4 years isn’t really accurate. I think based on local debt, this current administration is performing badly.
In One Year, Tinubu has borrowed 34 trn
@@kingsleyakhigbe9091it’s mostly local debts. And most of the debts we’re finding out about now, are debts from Buhari.
No Kingsley, that's not what the analyst explained
Quality of governance
Thank you jide! You know the truth but you are professional encrypting the reality. QED
With all due respect, i do not agree with your analyses.
Tell us what the borrowings were for. Purchase of Yacht, SUVS from some Asian country, sending people to Meccha, purchasing of more Jets and list of unessasary expenses goes on wth no production to pay the depts.
Pls. Stop deceiving the populace.
You left the real question out.
Where was said money used?
God bless Nigeria
Fiscal Discipline Zero. Because it's not your money abi.
Nigeria is doing very well......enjoy yourselves and pray more.
Is this an irony?
Are you working for federal government. I know you are for tinubu. You are a defend minister.
No, he’s not working for him.
You can see it on his face, he’s panicking.
Buhari was clearly a fraud.
Where did you get the 60million calculation from? Did you do census?
He dumbed it down! 😅 Thanks.
Buhari was a curse on Nigeria
Chai...and instead of creating industries and more jobs, they are adding more levies and taxes and the middle class is bearing the brunt of everything.
It is as simple as that, pure fact
...they told you they are not going to eat statistics!
Great analysis. Would love to have seen the Nigeria debt figures in dollars.There should be a decrease in dollars. Luv the point about quality of governace, surely below par. 186% increase in revenue for 12 years is highly unacceptable, May just be inflation. We, as citizens needs to do better by voting quality leaders.
If Buhari had said most of d 5trillion per year u are quoting under his government were debt unaccounted for under GEJ would u have accepted it as an excuse? Ur analyses is senseless if u base it on sentiment.
Buhari crumbled this country to her knees
Chai!
Thank God he ruled us,if not na so we for dey hear"The best president that never ruled"
He was bad in every sense of a being a leader
Poor communication, poor governance style,poor policies,placed those with little or no idea to head key ministries e.g Ministry of Education,the list goes on
🎉🎉 APC 🎉🎉
Block heads like Rotus will be angry and disagree with this analysis.
Quality of Governance means absolutely nothing. Nigeria needs to drastically cut Government Spending (So many ministries and companies are doing nothing but hemorrhaging money out of the economy), Stop Borrowing COMPLETELY (Tinubu just borrowed 7.8 billion USD recently and the senate just approved with no question, they are signing our futures away), stop spending stupidly and stop the money leak (embezzlement of govt funds). The president of Argentina did this and now, a country that was worse off than Nigeria is now at triple our GDP with 1/5 our population.
Gbese !
This analysis will be wholistic after 4yrs of Tinubu.
But if in just 1yr… we are comparing Tinubu, with 8yrs of Buhari and 4yrs of Jonathan… then that must tell the story.
Over 13Tr per year on average currently and this administration is just 1 year in office... 🥂
No, some of those debts were from Buhari. Those kind of debts that government don’t really account for.
Where was the billions spent? Any Accountability?
APC and lack of accountability
Do you like producing fallacious data how can you compare two separate 8 years complete tenures to a government who just came into power and has just me made one year The best you could have done would have been to compare each former president first year in office they are foreign debt profile and their domestic depth profile but it's obvious that you could not even provide substances information on his foreign debt report but just from the domestic under one year he has accrued a debt of 13 trillion and you tell me He's trying it is disappointing
They divided the borrowings by year.
He’s trying to reduce the foreign debt. Hence, to reduce the foreign influence.
I don’t believe this analyst facts and figures. He’s right on some things but in terms of the population growth that is unbelievable. If we go by his analysis Nigeria should be a nation of 600 million. Last year alone nigeria Earned 14 trillion from federal taxes not to talk of oil and other sources. So, I have my doubt over most of the things he’s saying. He’s been sensationalist with respect
I don’t it. He actually looked terrified in my opinion.
And yes, Nigeria’s population is increasing at a frightening rate. In 51 more years. We’d be close to 800 million in population.
According to statistical projections.
You sound so happy as an analyst talking about useless population figures that are grossly manipulated. Who counted Nigerians to have increased by 60 million in 13 years and when? An analysis is good as the source of figures used! How can you be giving out figures of a failed state like Nigeria and walking away happily in the illusion that you did so well? If you like, package yourself on a national TV, it doesn't make sense to Nigerians anymore.
Did this Balogun guy do a hair transplant or is he wearing a wig?
Give the value of the debt in dollars, stop talking about trillion Nairas
Convert it yourself. U no get calculator for your phone
When did we start using dollar in Nigeria🤔
@@knd-z3 😂😂😂
Thats would be wierd, but quite helpful if the dollar equivalent is placed beside the trillion Naira stuff.
@@sulaimonnurudeen9265 Your foreign debt is all in dollars, nobody cares about your naira debt.
Foreign lenders do not accept Naira. If you burrow money from abroad it will be in dollars.
Secondly, nobody accepts debt payment in a currency that can be devalued at anytime.
The Nigerian central bank can just print Nairas as they please.
WE ARE COOKED
Buhari is watching with suya and toothpicks!! With all dis kind of leaders Africa no get hope
The comparison is very wrong since tinubu has just spent a year in office compared to buhari 8yrs,Jonathan 5yrs in office. You should have used one year to make your comparison to confirm our debt stand. For Tinubu to borrow such an amount within one year,how much do you think he would borrow in 8yrs?
😂 na to borrow the one wey go dem go use sell the country na
I blame tinubu and APC for the last 9 years. They are evil and evil cannot give u anything good without a terrible sacrifice to pay.
But for the domestic debts not accounted for by Buhari needs to be categorized to know how much is really new debt by year by the current administration
True
Dangote borrowed $5.5 billion and use wisely... So what happened that our leaders can't use what they borrowed wisely?
No minister of Fonance or government agency will be permitted to steal in the corporate borrowing like they do in public service. Civil servants played a major role in ruining the same economy. Many of them are living way above their income, where does the money come from from. These debts are used by both the public officers and the corrupt civil servants to fund their accursed life.
Can you pay the exact fee from any government service in Nigeria? Never! The government has its own official fees and those agencies of government have their mandatory fees. Nigerians are at the receiving end. The same civil and Public servants in FRSC, NPF, NPA,and their likes needs 615k as their minimum wages. What country. Go to any finance department of any government institution and research what asset a level 6 officer sits on, in personal properties. You can point the accusing finger to the President, but the real thieves are those mentioned.
The President’s daukt is not living by example, as well as. Making examples of those corrupt officers. No accountability or feedback from the Public receiving these services. So no one is made accountable.
To me all these problems is a pure lack of a working institutional structure. I
I think his debt is more than that, but I saw an article saying he paid over 3 billion already.
Then if we can't with the 220m let's split into 3 or 4 that's all
Thanks but please what's relationship between the return on debts cost of debt and government expenditure on these periods analysed because buhari is a ninja hole.
If only these current guys can be humble, they need to approach Jonathan on how he manned the system called Nigeria when he was the President.
Wahala Dey o
Jade you are not objective in your analysis. Tinubu has just spend one year innoffice so you cant make conckusions . In all, your statistics is biased because you are not comparing aple with apple
Government that doesn't value fiscal statistics. They asked 'shey na statistics we go chop? and Lunatics were seen clapping and laughing. Nigeria we hail thee...
I don't believe this report !! Let's get the real scenario
Sad that the debt continues to grow, but we don't have much (if any at all) to show for it.
National Assembly of Nigeria has failed Nigerians.
Why is the guy hair unkempt?
Listen carefully while he shares rubbish misguided stats, what a joke.
No, it’s not rubbish or misguided.
He’s actually not lying about the information he is giving.