The Vice President-elect, Prof. Yemi Osinbajo today said Nigeria’s economy is in its worst shape in history.
Osinbajo made this statement at the opening of a 2-day Policy Dialogue on the Implementation of the Agenda for Change, which began in Abuja today.
“We are concerned that our economy is currently in, perhaps, its worst moment in history. Local and international debts stand at US$ 60 billion.
“Our debt servicing bill for 2015 is N953.6 billion, 21 per cent of our budget. On account of severely dwindled resources, over two-thirds of the states in Nigeria owe salaries.
“Federal institutions are not in much better shape. Today, the nation borrows to fund recurrent expenditure,” he said.
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Posted: at 20-05-2015 09:41 PM (8 years ago) | Addicted Hero
PoliticxGuru at 20-05-2015 09:48 PM (8 years ago) (m)
then fix it
Posted: at 20-05-2015 09:48 PM (8 years ago) | Hero
how do you know all this? Wen u ar yet 2 strt ur tenure... Dis osinbanjo of a man dey do lik aboki.. Let see d *change* u have 2 offer. #Noisemaker... Well done GEJ u try abeg
Posted: at 20-05-2015 10:49 PM (8 years ago) | Upcoming
You people exposing your blind ignorance. You stone swallowers are not ready to understand anything. Who doesn't know that your so called gej finished nija and put it 30years back. Be open a little bit. If smbd does anything bad tell the truth regardless your relations with that person. With this your way of thinking, only nija you can live with.
Posted: at 21-05-2015 02:26 AM (8 years ago) | Newbie
Deepsea81 at 21-05-2015 05:54 AM (8 years ago) (m)
Some idiot calling people illiterate as if he knows better or that animal is more educated? fool if you have a business and come to realize that your expenditure is more than your profit what do you do animal like you answer me? Simple cut down on expenditure and maximize reinvesting more. If your stupid Buhari and this educated fool professor of urs has any brain at all why approved the huge wages and bonuses due to politicians when you you know the country is finish why not cut down on that huge salaries and bonus? As foolish as you idiots calling people bunch of illiterates. If Nigeria was ur own business will borrow money to pay huge salaries while your net profit is at minus? You fool politicians can use you and foolish brainless family not others so if any one is the illiterate here is you and ur bunch of family go learn. ANIMAL
Posted: at 21-05-2015 05:54 AM (8 years ago) | Upcoming
Osibanjo u re a fool,Yoruba people breath with their anus.how can u say that ,where were you when babangida looted the country,where went u when abacha finished this country ,u re not ashamed to open ur stinkin smelling mouth to tell me that our economy is in worst condition ever.gerara here .....u know waram saying ,in Igbo si ebeaa puooo foreal!!!!
Posted: at 21-05-2015 07:20 AM (8 years ago) | Newbie
lexyclasy at 21-05-2015 08:28 AM (8 years ago) (m)
@Jamoki and Donkagawa, don’t be fooled everybody is entitle to their own opinion…..your talking master is biting more than what they can chew……I have to wonder if they are running a parallel government……they talk too much…..before they campaign they have already known that the economy is in bad shape that’s why they brought the SLOGAN “CHANGE” if they feel after math they cannot fix the economy with their magic skills then they should vamoose……..issues like this makes some people to employ attitude of sentiments ….if you forget so soon I will not…….when OBJ your ward was in power you sing high praises to IWEALA for writhing off Nigeria’s debt and now this same woman is what you are crucifying that she finish Nigeria’s economy….OBJ is now a saint because of the region he is from…..have you forgotten about 16BILLION Dollars POWER REFORM FUND squandered by OBJ…….did you forget IBB oil wind fall embezzlement……did you forget Abdul Salam Abu-Bakr empty treasury before handing over to OBJ…noise is easy …..not now…….don’t look for cheap glory now ….the end justify the means…..we have your stewardship at our finger tips so you are not perfect either…..you were justice commissioner in the era of a drug Barron and most corrupt governor in Lagos state so be quiet and fix the economy as you claim is in the worst state
Posted: at 21-05-2015 08:28 AM (8 years ago) | Upcoming
lexyclasy at 21-05-2015 08:35 AM (8 years ago) (m)
@deepsea tnx for your humble submission i don't have to explain everything....let them keep ranting......where is DINO MELAYE today with his anti corrupt crusade......APC we are waiting for the change we all needed
Posted: at 21-05-2015 08:35 AM (8 years ago) | Upcoming
miamivice at 21-05-2015 09:20 AM (8 years ago) (m)
it is sad, some of us are so blinded to the reality of life. Stolen money ends up in the pockets and bank accounts of the thieves and family only. If a Yoruba man or Igbo or Hausa steals let us show our displeasure , if someone proposes changes lets embrace it .
Posted: at 21-05-2015 09:20 AM (8 years ago) | Upcoming
PoliticxGuru
sweetstella
Anny01
stanslim
kelemann
Deepsea81
lexyclasy
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miamivice
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