@ShehuSani *GOVERNMENT DEBT TO GDP - Dec 2020:*
🇻🇪Venezuela: 350%
🇯🇵Japan: 266%
🇱🇧Lebanon: 174%
🇮🇹Italy: 156%
🇵🇹Portugal: 134%
🇸🇬Singapore: 131%
🇨🇻Cape Verde: 125%
🇪🇸Spain: 120%
🇦🇴Angola: 120%
🇫🇷France: 116%
🇺🇸US: 108%
🇬🇧UK: 100%
...
*🇳🇬Nigeria: 34.98%*

*What Is the Debt-to-GDP Ratio?*
@ShehuSani The debt-to-GDP ratio is the metric comparing a country's public debt to its gross domestic product (GDP). By comparing what a country owes with what it produces, the debt-to-GDP ratio reliably indicates that particular country’s ability to pay back its debts.
@ShehuSani Often expressed as a percentage, this ratio can also be interpreted as the number of years needed to pay back debt, if GDP is dedicated entirely to debt repayment.

A country able to continue paying interest on its debt--without refinancing, and without hampering economic
@ShehuSani growth, is generally considered to be stable. A country with a high debt-to-GDP ratio typically has trouble paying off external debts (also called “public debts”), which are any balances owed to outside lenders.

In such scenarios, creditors are apt to seek higher interest rates
@ShehuSani when lending. Extravagantly high debt-to-GDP ratios may deter creditors from lending money altogether.

*What Does the Debt-to-GDP Ratio Tell You?*
When a country defaults on its debt, it often triggers financial panic in domestic and international markets alike.
@ShehuSani As a rule, the higher a country’s debt-to-GDP ratio climbs, the higher its risk of default becomes. Although governments strive to lower their debt-to-GDP ratios, this can be difficult to achieve during periods of unrest, such as wartime, or economic recession.
@ShehuSani In such challenging climates, governments tend to increase borrowing in an effort to stimulate growth and boost aggregate demand. This macroeconomic strategy is a chief ideal in Keynesian economics.

Economists who adhere to modern monetary theory (MMT) argue that
@ShehuSani sovereign nations capable of printing their own money cannot ever go bankrupt, because they can simply produce more fiat currency to service debts.

However, this rule does not apply to countries that do not control their own monetary policies, such as European Union
@ShehuSani (EU) nations, who must rely on the European Central Bank (ECB) to issue euros.

A study by the World Bank found that countries whose debt-to-GDP ratios exceeds 77% for prolonged periods, experience significant slowdowns in economic growth.
@ShehuSani Pointedly: every percentage point of debt above this level costs countries 1.7% in economic growth. This phenomenon is even more pronounced in emerging markets, where each additional percentage point of debt over 64%, annually slows growth by 2%.
@ShehuSani *KEY TAKEAWAYS*
*1.* The debt-to-GDP ratio is the ratio of a country's public debt to its gross domestic product (GDP).

*2.* If a country is unable to pay its debt, it defaults, which could cause a financial panic in the domestic and international markets.
@ShehuSani The higher the debt-to-GDP ratio, the less likely the country will pay back its debt & the higher its risk of default.

*3.* A study by the World Bank found that if the debt-to-GDP ratio of a country exceeds 77% 4 an extended period of time, it slows economic growth.
~@StatiSense

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More from @magmal11

21 Apr
*HOW FGN REVENUE IS SHARED*

Gets 52.68% from Federation Account [FA] & 15% from VAT Pool

From FA:
FG Budget: 48.5%
Special Funds: 4.18%

From VAT Pool:
FG Budget: 14%
FCT: 1%

From Special Funds:
FCT: 1%
Ecological: 1%
Stabilization: 0.5%
Nat Resources: 1.68%
---
*HOW VAT IS SHARED*

96% goes to the VAT Pool
4% goes to FIRS

From the 96% in the VAT Pool:
35% goes to Local Govts
50% goes to State Govts
15% goes to Federal Govt

From the 15% of the Federal Govt:
14% goes to Federal Budget
1% goes to the FCT
---
*HOW FAAC IS SHARED TO STATES & LGAs*

1 Equality: 40%

2 Population: 30%

3 IGR Effort: 10%

4 Landmass/Terrain: 10%

5 Social Development Factors: 10%

The Social development Factor are:
a. Education: 4%
b. Health: 3%
c. Water: 3%
---
Read 14 tweets
21 Apr
*GOVERNMENT DEBT TO GDP - Dec 2020:*
🇻🇪Venezuela: 350%
🇯🇵Japan: 266%
🇱🇧Lebanon: 174%
🇮🇹Italy: 156%
🇵🇹Portugal: 134%
🇸🇬Singapore: 131%
🇨🇻Cape Verde: 125%
🇪🇸Spain: 120%
🇦🇴Angola: 120%
🇫🇷France: 116%
🇺🇸US: 108%
🇬🇧UK: 100%

*🇳🇬Nigeria: 34.98%*

@FinMinNigeria @FMICNigeria @DMONigeria
*What Is the Debt-to-GDP Ratio?*
The debt-to-GDP ratio is the metric comparing a country's public debt to its gross domestic product (GDP). By comparing what a country owes with what it produces, the debt-to-GDP ratio reliably indicates that particular country’s

@AjuriNgelale
ability to pay back its debts.

Often expressed as a percentage, this ratio can also be interpreted as the number of years needed to pay back debt, if GDP is dedicated entirely to debt repayment.

A country able to continue paying interest on its debt--without

@cenbank
Read 12 tweets
21 Apr
POST DERBY ERA IMPLICATIONS FOR FRANCE, CHAD, NIGERIA AND WEST AFRICA:

Constitutionally the Speaker of Parliament is supposed to take over if the President is indisposed. Chad is an important ally of France and has been heralded in the West as an indisposable partner in
the fight against terror. Let's leave aside the succession battle for a while ...

The death of Derby can lead to two outcomes. If this was a Maskirovska (military masking or deception to confuse intelligence) then Nigeria is in for a tough time.
@GeoffreyOnyeama @NGRPresident
Desperate people sometimes take desperate actions. Chad and Niger are the staunchest ally of France in francophone West Africa.

The Nigeria backed Mohamed Bazoum defeated the France backed Mahamane Ousmane in what is the first democratic transition for the coup-prone Niger.
Read 24 tweets
19 Apr
WHEN PAST HAUNTS PRESENT

Mahmud Jega
19/04/21

Which aspect of our past should haunt our present, how much should it do so, how much of a price should we pay, which ones among us should pay such a price, and how much quarter should be given to us when we later
#PantamiWillStay
moderate our positions & say that we regretted some things we said or did in the past?

The top story in Nigeria last week was the storm swirling around Minister of Communications & Digital Economy Dr Pantami, with some people calling for his head over some past

#PantamiWillStay
utterances in which he showed sympathy for international terrorist groups. They say that this country’s SIM data base, recently linked to our NINs & abt to be coupled to our BVNs, are not safe in Pantami’s hands coz he has sympathy for Al Qaeda, ISIS & Taliban.

#PantamiWillStay
Read 26 tweets
15 Feb
[No. 1]

Straight and deeply from a kind👌 journalist 📝 heart💙 to her fellow compatriots
No. 2
Read 23 tweets
7 Feb
WHY CBN MOVED AGAINST CRYPTO CURRENCY TRADING –

Trading in Cryptocurrencies is not backed by the @cenbank (CBN) Act which recognizes the naira as the only legal tender in the Nigerian financial system, an analyst has said.

@atiku @obyezeks @ShehuSani
The CBN had on Friday, directed Deposit Money Banks (DMBs), Other Financial Institutions (OFIs) and Non-Bank Financial Institutions (NBFIs) local financial institutions to close accounts belonging to crypto currency operators.

@gtbank @ZenithBank @myaccessbank @ecobank_nigeria
But a member of the Monetary Policy Committee (MPC) said on Saturday that @cenbank never prevented any individual from dealing in @BTCTN, adding that what the apex bank said was deposit money banks under its purview cannot partake in cryptocurrency because it will be illegal.
Read 14 tweets

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