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Monday, 29 October 2018

Is Nigeria's Vice President not aware of Buhari led govt heavy debt profile?-Ikechukwu Emeka Onyia


Assuming he is not aware , he can get it here :

Buhari led APC government moved Nigeria Foreign Debt Profile to US$22billion , by adding US$12Billion debt within 3years .

(a) Buhari met Nigeria debt at US$10billion when he assumed office in 2015 .

(b) Within just 3years , Buhari Govt has added US$12Billion dollars to Nigeria debt profile thereby , pushed the Country's debt profile to US$22billion .

(c) Buhari led APC Government also increased Local debt to NGN4trillion .

(d) Buhari led APC Government is also raising a US$2.8billion bond to add to the debt stock .By implication , our external debt is set to rise by US$14.8billion under Buhari led APC government in 3years plus.

(e) When a govt start to borrow for recurrent expenditure like Buhari led govt is currently doing , the future endangered !

(f) Govt that don't behave as if they are borrowing is a dangerous govt !

(g) You don't borrow money from bank for 'owambe' ! It is stupid !

(h) You said to have spent NGN49billion on feeding primary school children in some state , when you don't have such amount to invest on learning tools in same schools . What a govt !

(i) Continues borrowing as a means of Solving our economic problems shows that Buhari led APC Government has no good team to drive the Country's economy .

No Repayment plan of any kind and I pity Nigerians if by chance Buhari and co get additional tenure in 2019 .

Ikechukwu Emeka Onyia ©2018 Abuja , Nigeria

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