The monetary policy committee of the Central Bank of Nigeria
(CBN) has warned that the federal government’s debt levels
could be fast approaching the pre-2005 levels.
Reading the communique of the committee’s decision at the
end of its bi-monthly meeting on Tuesday, Godwin Emefiele,
the CBN governor, said: “On external borrowing, the committee
noted the increase in debt level advising for caution, noting
that it could fast be approaching the pre-2005 Paris Club
level.”
On October 20, 2005, Nigeria reached an $18 billion debt relief
agreement with Paris Club. Nigeria was required to pay $12.4
billion of its $30 billion debt stock in three tranches.
Ngozi Okonjo-Iweala, who was the minister of finance at that
time, led the Nigerian delegation while Xavier Muscat,
chairman of the Paris Club, led the 15-member club to sign the
agreement.
The deal saw Nigeria exit the club completely after the final
payment was made on April 21, 2006.
According to data released by the Debt Management Office,
Nigeria’s external debt stood at $21.6 billion as at September
30.
Speaking on the federal government’s plan to raise more
revenue through value-added tax, Emefiele said the
committee was of the view that it would help reduce pressure
on government expenditure.
“The committee also noted the attempts by the government to
broaden the base of the Value Added Tax and urge the
authorities to expedite action in that effect, arguing that
increased tax collection will reduce pressure on government
expenditure and create fiscal buffers to improve
macroeconomic management,” he said.
The monetary policy rate was retained at 14% while the Cash
Reserves Ratio was maintained at 22.5%.
Liquidity ratio was left at 30% and the Asymmetric Window
was left at +200 and -500 basis points around the MPR.



https://www.thecable.ng/debt-levels-fast-approaching-pre-2005-paris-club-level-cbn/amp

--uhhh, I wonder which corrupt government has been in power for the past 2 years to take us back to high debt values again?

imagine

The most painful part is that there is absolutely nothing to show for it in terms of industries and infrastructures

Very shameful!

#LetsMakeNigeriaWorkAgain

naijaking1:
--uhhh, I wonder which corrupt government has been in power for the past 2 years to take us back to high debt values again?

but they are doing meaningful stuff with the money they borrow....

if i tell you all nations on earth,wheather black,white or chinese take loans,would you believe me....??

central bank stuffs....

the ol human race will collapse and start fresh again....

this system we have right now cant work....for nobody....

imagine....even whites that think are considerin communism....

their is a strange doctrine that says,for 1 person to be rich,1 hundred people must be poor......

i understand it....

capitalism cant work....too many unhappy people will raise their heads...

is not that i understand communism either....

but something i know is that communism always end in capitalism...

sorry to say....but to realy succed in this nasty world,you must be ready to kill,steal,cheat....you must....

The poster above should please define "meaning stuff".

Where the meaning stuffs are located and how much was spent on each of the stuff.

I don't know how this country will survive with these kind of supporters

bantudra:


but they are doing meaningful stuff with the money they borrow....

if i tell you all nations on earth,wheather black,white or chinese take loans,would you believe me....??

central bank stuffs....

the ol human race will collapse and start fresh again....

this system we have right now cant work....for nobody....

imagine....even whites that think are considerin communism....

their is a strange doctrine that says,for 1 person to be rich,1 hundred people must be poor......

i understand it....

capitalism cant work....too many unhappy people will raise their heads...

is not that i understand communism either....

but something i know is that communism always end in capitalism...

sorry to say....but to realy succed in this nasty world,you must be ready to kill,steal,cheat....you must....

With citizens like you, no wonder they say, people deserve leaders they get.
Buhari's criminal government knows only how to spend money from oil!
Not one good idea on how to generate income, revenues.
Too bad , we lost out to South Africa as the strongest economy, now, we're loosing out to Ghana, next Zimbabwe?
With illiterate Buhari and his blind supporters, Nigeria is being wiped out economically.

Buhari existence is just to create big problem for the Southern part so that in future they cannot separate from the rest of Nigeria in thousands of years. That is why the fulani cabals want heavy debt burden on Nigeria to keep the international community away from supporting the breakup because the North got nothing to pay with

If Nigeria breaks today the north become the World HQ of terrorism and extreme poverty.

Osunization of Nigeria by afonja novice with fake nysc cert

naijaking1:


With citizens like you, no wonder they say, people deserve leaders they get.
Buhari's criminal government knows only how to spend money from oil!
Not one good idea on how to generate income, revenues.
Too bad , we lost out to South Africa as the strongest economy, now, we're loosing out to Ghana, next Zimbabwe?
With illiterate Buhari and his blind supporters, Nigeria is being wiped out economically.

why do you care about South Africa,Ghana or Zimbabwe?

care about your own self....

nigeria is not a nation that you can try anyhow....too dangerous....too many unhappy people....

you are not the same like other black nations....

Asshurbanipal:
Osunization of Nigeria by afonja novice with fake nysc cert

all nations on earth will collapse....end days stuff....

nobody told you that we are at the end days....??....sorry oooooo....

This same foolish CBN is the one who takes instruction like house boy directly from cabal.

He's the one who has seem Buhari and his APC borrow massively to steal amd enrich themselves.

Let him sharrup

you igbos shouldnt try to start fresh....its too late for that for anybody now....

no matter how strong you become,you will still collapse....or do you igbos think,heaven will wait for una....??

people are hearin trumpets all over the world....

bantudra:


but they are doing meaningful stuff with the money they borrow....

if i tell you all nations on earth,wheather black,white or chinese take loans,would you believe me....??

central bank stuffs....

the ol human race will collapse and start fresh again....

this system we have right now cant work....for nobody....

imagine....even whites that think are considerin communism....

their is a strange doctrine that says,for 1 person to be rich,1 hundred people must be poor......

i understand it....

capitalism cant work....too many unhappy people will raise their heads...

is not that i understand communism either....

but something i know is that communism always end in capitalism...

sorry to say....but to realy succed in this nasty world,you must be ready to kill,steal,cheat....you must....

With a mindset as yours,you should be confined to an asylum because you will be a danger to anyone that comes in contact with you.

dockokwus:

With a mindset as yours,you should be confined to an asylum because you will be a danger to anyone that comes in contact with you.

interesting...whites say the same sentence to me too....i say what i think and dont give a fvck about anybodys else opinion

thats why am a man....the boss....capo tuti capi....

what i think is reality to me....anything else doesnt matter....

[quote author=bantudra post=75036893]

why do you care about South Africa,Ghana or Zimbabwe?

care about your own self....

nigeria is not a nation that you can try anyhow....too dangerous....too many unhappy people....

you are not the same like other black nations....[/quote
]

If you don't compare with another country you snd your illiterate Oga will not have a guage of how much damage he has done in 3 years.

[quote author=naijaking1 post=75053222][/quote]

dont overdo it...if the military take over again,then it will be game over for people like you....

they have real guns and might is power in this world....

thinkin that western nations will come running to rescue you after you fvck up is stvpid....

you dont even understand what our parents had to go through to even give you democracy....

go mess with the wrong people and it will be game over for you....