N6.3 trillion from the Central Bank of Nigeria in the first 10 months of 2022 through ways and means.In
, 2022, the federal government said it will repay the N20 trillion debt owed to the Central Bank of Nigeria with securities such as treasury bills and bonds issuance.Oniha explained that the move by the federal government to securitise the loans from the central bank would drive up the debt to about N77 trillion.as at the third quarter 2022, the federal government plans to borrow more to finance both the supplementary and 2023 budgets.
“There are a lot of discussions on the ways and means. In addition to the significant cost saving in loan service we would get by securitising it, there is an element of transparency in the sense that it is now reflected in the public debt stock,” she said. “Once it is passed by the national assembly, it means we will be seeing that figure included in the public debt. You will see a significant increase in public debt to N77 trillion.
“The other area of the debt stock we are trying to highlight is to say the debt stock is also growing from the issuance of promissory notes, which are not true borrowing as such by the government. “
Break the system of fraud up. YORUBANATIONNOW
At least all the candidates have known that in advance.
Whoever is coming on board in May would have a lot to battle with; with 77trn debt, removal of petroleum subsidy that would welcome his administration after few days into the government. May the Lord help him with ideas and strength to carry the loads.
What happens to the outgoing President? Is he not going to account for this debt?
Sometimes I wonder 🤔
Outgoing also inherited $62.5bn . Government is a continuum
Buhari got away with alot of these nonsense.
Yet Mr bubu still they borrow 🤔
Lack of adequate cash flow to for the next President
Wahala
DMONigeria Wahala
DMONigeria It should be noted that both the APC and PDP borrowed this lump sum and till today, we cannot boast of a single “basic” infrastructure being completed. This is why it’s an insult to our collective intelligence that these two parties are still campaigning
DMONigeria Renewed hope abi Renewed gbese!!!
DMONigeria Do you need an antimatter to nuke a vibrant economy, call Buhari!
DMONigeria The president of Nigeria said he has done his best. His best is to plunge the nation in N77trn debt + N50 stamp duty on every nigerian bank transfer over N10k What a sad regime!
DMONigeria At this point i don't even shake if someone starts arguing how they will vote PDAPC... Nigeria will show if they are tired or not at the polls
DMONigeria The best will not be the president... Money will buy that seat. But if Nigeria's wake up and fight for the change we need. Nigeria will be great again...I see the highest bidder becoming the president. I see a great shock.. I see one of the frontliners stepping down
DMONigeria Look at all the 3 top presidential candidates...who can help the country repay these debts while ensuring development without complain. Remember some people have to recover election money first
DMONigeria This is exactly why MBuhari cried each time he lost the Presidential election..... He needed to come and accumulate this debt! He really needed to!!
DMONigeria WoW. Please vote for ObiDatti2023 if we are to come out of this mess.
DMONigeria This is the legacy, agbado wants to continue if elected president, lol.
DMONigeria God…Pls…
DMONigeria Next thing they will tell us APC and Buhari has done more than Obasanjo. Mtchew
DMONigeria One of the reasons we need a president who knows what to do. Else we will be doomed!
DMONigeria When I was telling Unapologetic Buhari supporters to ready themselves & their families & generations both born & yet unborn as collateral to pay back the debt that buhari's administration incurred, they all thought I was joking. No hiding place for them. They'll be fished out
DMONigeria Imagine,and we are still suffering 😥😪🥲😭
DMONigeria
DMONigeria There is no other poison as potent as Apc.
DMONigeria The pple we dey owe this kind money, their church mind no b here o!!!
DMONigeria It's far more than that. The billions of Dollars borrowed for acquisition of Equity in Dangote Refinery, AKK, Revamping of Refineries etc surely are not included.
DMONigeria progress!!!!
DMONigeria _screenshoter dark
Maybeks DMONigeria Wow. Seventy-Seven Trillion Naira!!!!
DMONigeria This is so pathetic, with all our mineral resources and crude oil, Nigeria still accumulate a lot of debt, I just don't know how our unborn generation is going to survive this
DMONigeria This debt here is really not a joke but a monumental wahala! Ha! Buhari! Buhari! Buhari! Na you do this one? E no good o cos your government just raped this country calmed Nigeria and you all will still go scot free? Chaiiiiiiiiiii 🚶🏽♂️
DMONigeria Then, ask Buhari to continue till he pays the debt.
DMONigeria Vote APC for more debt. Sai Baba Blu!!!
DMONigeria There was a country called Nigeria before buhari and APC came along to destroy it. May this cup pass over Nigeria..
DMONigeria The best thing we can do with this debt, is to allow PETER OBI carry it. He is the most physically and mentally fit of the lot. Vote OBI for President!
DMONigeria We really need Obi now more than ever, if we have to survive this calamity.
DMONigeria With PO on the seat, 77trn will be gift from the world and diasporians. Get your PVC, vote Obi/Datti
DMONigeria APC Tinubu made it clear that USA is the highest debtor world over that we shouldn't be afraid or be talking about it.
DMONigeria My country in ruins, we need help. Debt of 77Trillion dats over 40% of 2021 GDP.
DMONigeria PeterObi has a lot of work in his hands
DMONigeria Let's all remember the amount now, 77trn borrowed to be looted ..... instead of pushing someone who can reduce these debts , Some Nigerians are standing on the mandate of someone who will not be aware of anything and will definitely multiply these debts by 3.
asemota DMONigeria And d debt profile may 100% likely dive deeper if d wrong person takes over d economic wheels of Nigeria in dis forthcoming general election. & do u know what that'll spell out? Our national inheritance will be cornered & squandered by a greedy group. We can't afford to allow it
DMONigeria Buhari, finance minister and Emefiele should be jailed.
DMONigeria Issa lie oooo, buhari should clean up d mess he made before leaving!!!
DMONigeria Oh my God
DMONigeria What about the N70trl found hidden in the central bank Nigeria is a dead nation
DMONigeria Are we going to arrest Buhari or what? __
DMONigeria boladimejigrey
asemota DMONigeria Fada lawd
DMONigeria Mmm, and we have the current financially irresponsible govt claiming they are better than the OBJ administration?
DMONigeria Buhari and his fellow looters will pay for it. They can't escape it.
DMONigeria eh God!!!
DMONigeria 🙆🙆🙆
DMONigeria And a fleet on solid Infrastructures
DMONigeria Festus Keyamo should not see this news. DMO is giving him enough building material for his house of excuses should Asiwaju win.
DMONigeria Nigeria is a case of a group of passengers riding with a drunk driver. Just because we are lucky and the vehicle hasn't fatally crashed beyond recognition yet doesn't mean we should keep hiring drunk drivers. We had better tried to get it right this once. Vote Obidatti2023
DMONigeria pikaso_me screenshot this
DMONigeria No one will be boasting about being in poverty & hardship caused by APC&PDP for years against Nigerians. So let's use our vote for Peter Obi to correct all these bad Leadership. We can do it, There's no harm in trying. Vote for Peter Obi, Nigerians own Nigeria Not individual
DMONigeria Bulaba will kill himself(not me) with tax; not necessarily to offset the debts, rather to enrich himself and keep up his lavish living.
DMONigeria I'll.
DMONigeria But BrymOlawale is there spewing gibberish in his smelling gullet. Ori e buru fa
DMONigeria Only Peter obi can minimize our spending, cut government funding and save to invest, if we allow Pablo or that serial contestant, e fit reach every citizen 1m each. 🤔🤷🏾♂️
DMONigeria I pray we never get to find out what would happen if Tinubu gets control of this economy God Abeg
DMONigeria 50% of this debt can be reduced by cutting cost of governance. Who is that one person that can boldly do that? Nigerians vote Peter obi.
DMONigeria Jesus! What was the money used for
DMONigeria Disintegration is the only solution not election.
DMONigeria And APC and PDP still has the mind to campaign... I just don't get it... they have stolen from generation unborn... Nigeria belongs to ALL hence the need to take back OUR country. Vote out APC and PDP and vote in PeterObi NgLabour Enough is Enough
DMONigeria God have mercy upon us
DMONigeria Thanks for that yuge achievement Baba Buhari, our all time borrower-in-chief from hell. Borrowing not so much to invest in those desperately needed infrastructure, but mainly to fund subsidies for petrol. A lesson in burning money. NigeriaGov
DMONigeria Maybe PO should leave this mess of a country. Let Tinubu bury the remains
DMONigeria National debt or otherwise stated however, this is not good enough for the Country blessed with natural resources from Crude oil to Agriculture, Arable land for vegetation and human capital with creative ingenuity Budget2023 NationalDebt Let all hands be on deck at the centre.
DMONigeria Some regions are naturally beggars, they are also good at loans and loans and loans... Leadership by begging 😂
DMONigeria Please electing irresponsible people into Government
DMONigeria A serious minded President can pay off N100trn dept in 1yr in rich country like Nigeria.
DMONigeria MBuhari OfficialAPCNg
DMONigeria Only federal government?
DMONigeria And they will claim that they are better.
DMONigeria If Buhari could do this. Tinubu will finish Nigeria kpatakpata...
DMONigeria APCriminals have finished us
DMONigeria Now imagine Tinubu becoming the next president..it simply means naija will be sold definitely and anarchy the case...vote wisely for betterment of ur relative if not urself
DMONigeria That's Buhari legacy!!!!
DMONigeria _screenshoter dark
DMONigeria You forgot to add ‘Only’
Kayodeoshinubi DMONigeria Peter Obi will be able to handle this
DMONigeria If Obi eventually wins, the opposition parties will not remember this
DMONigeria Asiwaju as an economist will pay our debts b4 his 8 year tenure ends...Vote BAT OfficialAPCNg
DMONigeria Thanks to our presiDEBT
DMONigeria Many Apc members will goto jail, I think we need to build new Max jail special for them.
DMONigeria Outgoing inherited $62bn too
DMONigeria Una try. LOOTOCRACY: Government of the looters by the looters and for the looters
DMONigeria cables Wahala
DMONigeria We will sell Benue, ekiti, taraba, and ebonyi to Chinese investors to repay that debt.
DMONigeria And you still want to vote APC God forbid bad thing
DMONigeria Yet some political jobbers & stomach infrastructures Nigerians will tell you that Buhari is the best thing that ever happened to Nigeria since creation. I sincerely pity whoever becomes the next president.
DMONigeria Peter Obi has plenty work to do o
DMONigeria All of you will be jailed till the debt is paid
DMONigeria Elections have consequences. A borrower is a servant to the lender.
DMONigeria 'The hall of mark of good governance is the volume of debt left behind.' 🤡🤡
DMONigeria Can anyone explain this
DMONigeria Omo🙆... APC squandered our money.
DMONigeria 💔
DMONigeria Another record by MBuhari ….leadership no be by giving orders kennytuyi
kaybalalive DMONigeria Peter should please not see this and change his mind.
DMONigeria Hmmm
DMONigeria Nigeria is finished. Pray for Obi..
DMONigeria Let them know this fact very well so that tomorrow they'll not start complaining.
DMONigeria Peter Obi should get ready to do what he is good at
DMONigeria ☹
DMONigeria My problem is why do people click on the link butin knowing fully well the massage is irritating why not comment n leave
DMONigeria
DMONigeria Only Peter Obi can bring down this debt by cutting excesses and wastes like he did in Anambra. Only transparent, accountable and non corrupt administration of Obi can do it. Tinubu is sick to handle this load. Solving this crisis doesn't need more taxing. It needs cutting waste.
DMONigeria These administration should use the 1% stamp duty of 89.trn to settle it and collect change self.... no much talk...
DMONigeria And you think that is making sense right and even with all that you still want us to vote Bat? I pray God will not BAT-iyinje
DokunOjomo DMONigeria Atiku will ad can he has done it before
DMONigeria Omo 77tn is way too much Omo We need someone who can cut cost of governance not the one that will want to raise igr by over taxing us o Pls guys vote wisely o👏👏
DMONigeria Eeh!!
DMONigeria 🙆♀️🙆♀️🙆♀️🤐🤐🤐 if a thief enter as President the Debt will grow to 300trn debt in 2027 Vote wisely Vote someone that can manage the resource of this country well and bring about develop not stealing to enrich is friends & party members If you like the Play NigeriaDecides2023
DMONigeria PDAPC 🙏
DMONigeria APC knows they won't win hence they are borrowing to put the next president into failure so that they can talk against his government but God will give Obi the wisdom and capacity to lead the country officialABAT OfficialAPCNg NgLabour.
DMONigeria Pastor 'Tunde Bakare is the next president, he will pay off the debt.
DMONigeria How much did Buhari spend on infrastructure among the huge debt he took locally and internationally. I doubt it's upto 10% of the amount he borrowed. Buhari is the biggest failure of all time.
DMONigeria A sane country will get Buhari arrested with d people in his chambers !!! D need to account for it and ask why and how Nigeria is owing such amount of money !!!
DMONigeria Anything you see.....just take it like that.
DMONigeria The people who are adamant to vote APC are supposed to have this information translated to them in their local dialect. Let them see where we are, and where the new 'driver' will take them to. If you still vote your tribesmen who is incompetent, you too go reap am very soon..
DMONigeria The president will also inherit good road infrastructure, railways, power projects, equity share at refineries etc..We simply need a BAT man magic.
DMONigeria In history of Nigeria only Obasanjo write off all debt, consumers only came to create more
DMONigeria Obi will definitely do his best he did it in Anambra and he will do it for Nigeria my country.
DMONigeria With this record and at the rate they're borrowing, if APC wins again, Nigeria will be in debt of N303 trillion! That's mind-boggling; Nigeria does need a Rescuer! AtikuComeToTheRescue
DMONigeria Still, no light, no water, no roads, high flight fares,poor schools , poor healthcare system, no manufacturing, crime steady on the rise, poor currency, citizens refugees in their country, agitation from north, east and west, bandits. The only thing we are sure of is rain and sun
DMONigeria You can’t envy the incoming president. Damn! 🤔😤
DMONigeria And we think everything is alright with Nigeria
DMONigeria Eh God abeg oo
DMONigeria E good nau 😂😂
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