Nigeria will borrow N6tn in 2021 – Finance minister

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The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said Nigeria’s total public debt will hit N38tn by December 2021.

The minister said, “The total public debt stock comprising the external and home debts of the federal and state governments and the Federal Capital Territory stood at N31.01tn as of June 30, 2020.

Ahmed explained that the current Sukuk fund was N162bn for 45 roads cut across the six geopolitical zones. “We were not able to do that because of the processes in which appropriation is made both at the executive as well as the legislative arms of government. “Of course, the project will never finish. After two years, the contractor comes back and asks for variation, and the amount keeps growing.

 

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Only God can save us from becoming the next 'Zimbabwe'😟😟

Continue borrowing.... a country that do t have an ambition but to embezzle..why won't you borrow...a nonentity Is receiving 26 million for sitting down without doing nothing... useless government....nonsense and borrowing

Bamu yadda ba

Lord have mercy on this nation.Put an end to this bad government.

If Nigeria don borrow the money they should just give me 6m inside. I promise never to disturb Nigeria again if I can get it. Thanks

Nigeria is in a mess and you are messing her up the more.

To do what?

Borrow borrow people. You ple are cursed.

TitusFortune t_o_y_i_n_4

I am sorry for whoever that will rule Nigeria after Buhari, the person will finish his eight years without doing anything, he will pay dept through out his tenure

Buhari make sure you guys pay all the borrow before living office. Dead men working. Useless man

These people want to wreck Nigeria and run away. Visa ban must be the next campaign.

That meager amount? Won't we need $2021tn instead. When God sees us through this year first.

Borrow borrow

Gosh! This country with loan na 5&6. Where all this money dey enter now? No goos road, no stable electricity, no free education nor infrastructure. Wetin una dey take the loan do sef?. Yinmu

😣😣😣😲😲😲😲😲

Our political leaders had sunk this country.

Is 6tn not too small? Borrow more nna Useless apc bad government

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Lol una don thief finish now is to borrow so una can thief more

Ahan they swear for us with borrow?

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Every single nigerian should prepare for this politicians and their generations wherever you are 😭😭😭😭😭💔💔💔☠️☠️☠️

Nawa oo 6tn to do what ......omo na to find these govt officials & shake their head if its really a brain that's in there cuz ion know what we wanna use 6tn to do oo......it's not like we're gonna see some goddamn improvements or anything oo..these guys need to be in the asylum🤨

What are they borrowing all this money for? what is the plan to play back? Which seating government will payback?

Borrow kill u there 😂😂 all of una wey dey loot treasury no fit gather 6trn or more we borrow from iya diezani

Babiala in disguise

God! When? 😢

They should keep looting, they are doing good. Shameless lots

What is wrong with this country called Nigeria. Other Nations are thinking how to make their country great, we are thinking of borrowing here and there

Why? We are borrowing again?

E dakun se ori yin buru ni, do you people want to sell us

Finally they have turn nigeria to bambiala country 😭😭😭😭😭

Continue.

What they are using all this borrowing to do self, I am yet to see any improvement so far.

Borrowing to be looted abi.

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I pray one day, we will not sell this Country

Commot nigeria now if you can,cos even a youth filled govt cant change this country in the next 16years after all this borrowing.

Tcode54 At this point, if any one borrows us money they're on their own. They should not expect us to pay them back in any way or form.

All the loans this government have collected, how much have they paid back? This country Nawawoooo!

Who go pay all this borrow borrow money back....which kin wahaala b diz....who do us like this....

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When a zombie is managing your empire, there will be no planning ever. Give them another 5yrs, they will put a price tag on all of us.

Walahi.... They have sell us finish. What a country! 😪

The next president will definitely be in gbese

What happened to the looted funds that was recovered by the EFCC, what happened to the millions donated my individual during the COVID-19 outbreak? 🇳🇬Nigeria we hail theeeee. 🙌🙌👍😁😄

Those who borrowed should pay back oooo

One day China will just take over our country. Na installmental payment dem dey do like this

The best thing is to sell the country and share the money via BVN let everyone fine their bearing

I am done!!! China come and buy Nigeria, The zoo is up for sale.

What for? Why do you have to borrow money when we can generate that from toll gates? MBuhari You people should be reasonable and not leave Nigeria in more debt please.

what th' f**k...can you guys believe this money Is for shit...nothing improves

These leaders are the problems of Nigeria... They can't think of how Nigeria will borrow other countries but their brain are full of how they will borrow from other countries. Why can't they gather their own embezzled money and borrow Nigeria?

You people should just put Nigeria for sales instead of taking us they borrow money. Can't nobody or organization stop this government from using Nigeria borrowing money of no effect on the people of this nation.

If una sell the country finish. I no dey do any hard labour for any white man o. Na una know wetin una dey use money do

Una own na to dey borrow money up and down. Ordinary to borrow Nigeria give USA or even Canada una no fit

Kuku sell us all finish now,mad people.

since they are showing us the amount they hv borrowed nd still will borrow more means they need us to plead with them to stop WTH 😞 bubu continue till u will use urself as collateral EndBadGoveranceInNigeria SayNoToSocialMediaBill

APC and Buhari should just sell Nigeria.

Don't be surprised, that this country has been sold. 🤷

Double wahala for who go dey naija till 2021 December

ICC should also look into these criminal borrowings that result in nothing.

Davido has something to say about Lai Mohammed, the guy talk true about the man act😶 LieLikeLai LieLikeLai LiesofLies LieAfterLie Words of wisdom

Everytime this finance minister says something, e no deh pass borrow. Borrow borrow every fucking time. Wetin deh worry this people now, shit una deh borrow am for sef, we no see

What do Nigerians expect when they have an almajaris government in place . All they know is how to use plate & borrow & eat it all, without any plans to invest into the feature.

Useless APC govt we are fully ready for you guys come 2023. Borrow borrow government

Hoodlums don give them chance to eat more money ..... Abeg chop the one you can chop oo life is too short

What bothers me who advises the president how can Nigeria be borrowing huge funds and the country is still not among first ten countries in the world that is developed. Where does this funds go into,same I have been asking myself about the funds acquired from lekki toll.

Looting continues as usual by greedy politicians.

We are looting N6tn in 2021- says FG

I don't understand o. Are they envisaging or our leaders already told them what they want to borrow ni?

gbese 🙀

Every country borrowing Nigeria is just as wicked as the Nigerians Leaders because you know they don’t put the money to the use of what it’s been borrowed for

Borrow money kill all of u in that aso rock....mad people everywhere

Who borrows a man that is not competent in handling money?

Read the full story and you will concur that this country lacks Economy/portfolio merit...even against the virtue of Public Sector Accounting and Finance, not spending on capital expenditure that will bring income that can be reinvested or even reduce our cost of living

Una don sale Nigeria already

Hmmm...Taxpayers will surffer in the future, Too much of Debt financing will finish this Economy that is already in comatose, God where are the Economists and Accountants in this government...The results of when portfolios are not by merit... a continuous increase of inflation...

Congratulations! Borrow, borrow!

These countries we keep borrowing from, do they have two heads?

Put Nigeria for OLX and use the word SELL IT

Dem use borrow do dem ni?

Disgraceful...this country leaders have no pity for the future of this nation... It's a shame on how we keep borrowing anyhow. Soon naija will turn like Zambia...sigh!

Wetin happen, so CBN no dey work like this, una too dey borrow and na other things they make man survive. Capital no dey self

Who did we offend in this country.... living on loans and deficit

See the boldness and confidence in even saying it self. 'Nigeria will borrow N6tn in 2021

In 2022 after alot of Unpaid loan to China 🇨🇳 PMB: Why is that Chinese man marching with Governors? Amaechi: That is the new Governor of Katsina state, Mr. Sum Ting Wong 😅😅😅

Fraudulent government

We're finished in Nigeria

I wan to cry oooo

😭😭😭😭😭😭😭 why always us..

Shey this people self no day tire to give una loan ni and if na one person collect loan for naija here way no pay back in time or even before due date Banks and Cbn no go gree make you sleep...Naija I Hail oo

Straight up 😂🤦🏻‍♂️

Cut national assembly money either

Oh God

Impending Doom

MBuhari borrow will kill this your government?endbadgovement endbadgovement BuhariResignNow

Borrowing is now the new word for looting.

Make una borrow steal am put for una private account fuck shit

Na citizen remain make unà use borrow money

Make Dangote dey prepare to buy Nigeria

See all these bastards, war is coming soon. Una wan remove this nation from map of the world before 2023.

God

Jesus..it seems we don't generate anything internally anymore.?

Christ. What is this?

For who to repay? 30th generation? Ah!😢

Everything na borrowing and we never see any impact

Ok N6tn in 2021..N15tn in 2022 and N30tn in 2023..😂

They’re already preparing to borrow in the future.

Our leaders are borrowing money to enrich themselves 😆 I hope y’all knows who to go and hold when the time comes😈

Abeg make una just share us to the countries you are owing...where would you like your name to fall 🤣🤣🤣?

Abeg what happened to our source of income prodigal country

I once used to think that countries plan for better things especially when approaching a new year.... Never knew that a 'country' now plans for borrowings... Chei! 🙆‍♂️

Pls sell the blood stained country pls

This people already budgeting how much they will borrow by 2021.. What happens to all the revenue generated? I pray Nigeria is still redeemable by 2023.. Wahala for the next president 😪

𝙁𝙤𝙡𝙡𝙤𝙬 𝙢𝙚 𝙛𝙤𝙧 𝙖 𝙦𝙪𝙞𝙘𝙠 𝙖𝙣𝙙 𝙞𝙣𝙨𝙩𝙖𝙣𝙩 𝙛𝙤𝙡𝙡𝙤𝙬 𝙗𝙖𝙘𝙠.❣️

Nigeria will still borrow Nigeria very soon

Haaaaa the next president of this nation has a lot of work to do honestly Who will pay all these money these chickens are borrowing?

If they sha wants to sell the country, they should sell it for the country that will take good care of us cos we can't afford to go through another problem where they will be selling us to. Clueless government ever liveth

Futuristic borrow

You keep borrowing and you are not using the money to make more money. You are not building factories, roads, correcting power problems, investing in security. You are just borrowing to patch a broken country. Wasting money on a defunct civil service and an expensive govt.

Una wan use straw dry up naija.make Una get woman conscience ooo

They should not borrow again

This is ridiculous 🤦

They keep borrowing, but we nor dey see wetin dem dey use the money for ... Borrow borrow everyday.

Kukuma sell this country once and for all or we go back under UK who colonies us because we do always hear borrowing since 1960 till date and still we’re backwards and stagnant but only borrowing for political leaders to continue looting Almighty GOD will deliver this country 🇳🇬

This guys are something else

I said these people are business men. You keep calling them politicians. That 1999 constitution is a big problem. It's more of a business plan than a constitution

Where is all this money going, this is no more funny, borrowing to loot among again without nothing to show, we are still poor daily 🙆🙆🙆

😂 😂 😂 😂 😂

Is dis a prophecy or what?🤔🤔

Heeh gbese go kill this people o

Save us Lord...

Nigeria my country, I pity our nation, but I don't even know wetin they will do with the money

Wetin dy worry this woman na 😤 Since you enta seat Na so so borrow you dy borrow!!!

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They never account for the sales on crude oil, Ports and Airports... Taxes and internal revenue... All they say is Borrow Borrow Borrow🙄

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Na our children and grandchildren i just dey pity.

You keep borrowing and neglecting the youth who make up the economy of the country, they are the entrepreneurs.

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My God

Why not borrow out the country.

Have just being seeing “Nigeria will borrow” everywhere. Ha! Nigeria my country, it is well.

Let follow each other😉

Congratulations, that’s your only achievement with nothing to show for it

Shame to the you, borrow borrow make you rich.

I'm a mech engr n lost my job during this pandemic and since then feeding v been a very big issue for me. Pls am nt begging for food though I won't still reject if given but my major need now is a job evn if it's a casual job or driving.pls help me out. Am dying of depression. RT

Just ask them to colonize us, I dont mind

Nigeria is Doomed

Its in d blood, eku nowo

You people had better have sense and know what you're doing! Think of prosperity ooo!

Smh😐😐😐

They should just sell it once and let us all share the money wicked set of people the thunder that will fire them is still doing pressup

Just reduce ur salaries. Borrow borrow united

Who go pay am

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