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Nairaland Forum / Nairaland / General / Politics / Nigeria To Borrow N47billion From ADB (African Development Bank) (4331 Views)
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Re: Nigeria To Borrow N47billion From ADB (African Development Bank) by diarra94(m): 11:11am On Jun 05, 2013 |
Hmmmn. This okonja iweala na her lips she dey use chop the money abi wetin cos her lips na sumfin else. 1 Like |
Re: Nigeria To Borrow N47billion From ADB (African Development Bank) by zcoreman(m): 11:13am On Jun 05, 2013 |
oh my... i'm asian and i don't know much about africa. but if nigeria has to borrow, imagina what will happen of smaller and poorer countries like Malawi, Lesotho and Swaziland. imagine human life in those countries. |
Re: Nigeria To Borrow N47billion From ADB (African Development Bank) by huptin(m): 11:22am On Jun 05, 2013 |
[quote author=eko ileee] Ode, we don't borrow money to embezzle and fund recurrent expenditure and our recurrent and capital expenditure are not upside down like your crooked masters. The dumb clowns are making billions of dollars in oil profit and they are still borrowing left and right. What responsible government budgets 82% recurrent expenditure and 18 capital expenditure? Are we even surprised they are borrowing everyday? so what exactly have you done with all the money you borrowed? turn lagos to eldorado? abegi lets be factual for once, i am no fan of GEJ but trying to paint fashola as better than him is pure rubbish. truth is open your eyes wide and you will clearly see that they are one and the same, Fashola only appears to be more creative in his fraudulent ways. simple. N30 billion naira internally generated revenue monthly plus federal allocation plus huge debt equals to what? tolls every where, very expensive education system, how many people still send their children to public schools in lagos state? what about health facilities? ok what about the roads despite the tolls? how many hosuing units have been built by saint fashola in the last six years. What about the agbero menace? exactly how many graduates have been employed? what development has this administration brught to lagos? even BRT buses are now molues. feudalism at its best is being praticed and we shout Fashola fashola fashola like Idiots. i am a full blooded lagos indigene and i dont understand why only atohunriwas, people from far places like kwara, ibadan and all other wanna bes lagosians shout fashola's name to high heavens. we the indigenes can see beyond our noses. jakande was a governor for 4 years we saw his impact. Thank you. |
Re: Nigeria To Borrow N47billion From ADB (African Development Bank) by Sweetlemon(f): 12:02pm On Jun 05, 2013 |
Baba_Eleko: Believe u me fellow Nigerians, only 7billy out of the 47billies will make it it's way into some never to be completed project. I weep for our cun3.Very true |
Re: Nigeria To Borrow N47billion From ADB (African Development Bank) by Nobody: 12:37pm On Jun 05, 2013 |
I DONT GET THIS 1ST WE WENT LOOKING FOR DEBT RELIEF ONLY TO COLLECT MORE DEBTS A FEW YEARS LATER BY THE SAME ADVOCATE(S) FOR THE DEBT RELIEF ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
Re: Nigeria To Borrow N47billion From ADB (African Development Bank) by lacasa: 12:39pm On Jun 05, 2013 |
eGuerrilla: Nigeria is heading into the abyss with this set of lootocrats in govt We must decide by 2015 to change or be doomed for eternity |
Re: Nigeria To Borrow N47billion From ADB (African Development Bank) by chucky234(m): 1:25pm On Jun 05, 2013 |
taharqa2: SHUT ya Hypocritic mouth tha, @OP. The State with by far d highest burden of Loans in d country is Lagos, and it is still borrowing. When the FG tried discouraging the Lagos state from borrowing $600m last yr, you and yr fellow Hypocritical clowns were shouting blue murder, asking d FG to approve it. So shut that trap you call yr mouth, and stop seeing everytin as an opportunity to do Propaganda- like you really cared about the Economy..... By d way, I dont think this loan is a 'new' one per say; it apparently is part of those approved in d Middle-term Borrowing Plan documentd already passed by d NA..And where is this goon coming from,FG domestic debt stands at N2.7tr with N1.2tr coming from GEJ first 12 months in office. |
Re: Nigeria To Borrow N47billion From ADB (African Development Bank) by akintun: 1:25pm On Jun 05, 2013 |
I DONT GET THIS 1ST WE WENT LOOKING FOR DEBT RELIEF ONLY TO COLLECT MORE DEBTS A FEW YEARS LATER BY THE SAME ADVOCATE(S) FOR THE DEBT RELIEF Who told u dat we received debt relief. Our debt was simply re-financed, with us paying back d so called relieved debt from d increased interest rate from future debt. Why do u think dat d DMO are saying dat we should borrow more. |
Re: Nigeria To Borrow N47billion From ADB (African Development Bank) by chucky234(m): 1:27pm On Jun 05, 2013 |
What else do you expect from a woman who hold a Phd in international borrowing,continuous borrowing of course. |
Re: Nigeria To Borrow N47billion From ADB (African Development Bank) by pazienza(m): 1:42pm On Jun 05, 2013 |
Evidence of a failed state. Keep borrowing until you become another grecce,then i will see how you will keep centrifugal forces at bay. |
Re: Nigeria To Borrow N47billion From ADB (African Development Bank) by SPSpecial(m): 4:15pm On Jun 05, 2013 |
I dont understand jonathan governance atal.......... 2011 is reduced/removed fuel subsidy saying that it was done to generate revenue and pay up some dept. It was revealed during that week of protest the trillion Nigeria make dialy. Also i will ask this mr. president....... Did he tell Nigerians when he submitted this year budget that there is no money to execute the projects he layed.Perharps, last year projects and the money generated for it was not halfly completed nor executed. And lots alots of such asuch money concealed by his ill-hearted corrupted hell demanding soul and system of governing. I am always sadddddd when it comes to Nigeria issues in which her Bad news are numerous and real but good news are very few doubtful and even not real. ![]() 2011 is reduced/removed fuel subsidy saying that it was done to generate revenue and pay up some dept. It was revealed during that week of protest the trillion Nigeria make dialy. Also i will ask this mr. president....... Did he tell Nigerians when he submitted this year budget that there is no money to execute the projects he layed.Perharps, last year projects and the money generated for it was not halfly completed nor executed. And lots alots of such asuch money concealed by his ill-hearted corrupted hell demanding soul and system of governing. I am always sadddddd when it comes to Nigeria issues in which her Bad news are numerous and real but good news are very few doubtful and even not real. |
Re: Nigeria To Borrow N47billion From ADB (African Development Bank) by Nobody: 4:22pm On Jun 05, 2013 |
Why?..... Honestly if I were the borrowers, I would demand certain precedences before they get the money, like a commitance to see their ridiculous politician take-homes reduced. |
Re: Nigeria To Borrow N47billion From ADB (African Development Bank) by Gamesmart: 8:03pm On Jun 05, 2013 |
They are borrowing money to use to build a N4bn building for Patience Jonathan. Majority of you and your future children will keep paying it back for years to come while Patience will be enjoying her loot from the inflated contracts. Up GEJ! |
Re: Nigeria To Borrow N47billion From ADB (African Development Bank) by bloggernaija: 10:26pm On Jun 05, 2013 |
SLIDE waxie: We don suffer! Do not put Donald duke in the category of good managers of meagre resources. Cross river has a debt of approximately 600 billion naira which was incurred on the white elephant project ,tinapa. The same amount of debt as Lagos.that is close to 4 times the annual budget. Lagos debt is within manageable limits and can be easily paid down.generation to come will continue paying the interest on those tinapa loans . |
Re: Nigeria To Borrow N47billion From ADB (African Development Bank) by EkoIle1: 10:58pm On Jun 05, 2013 |
J12: Do you know the meaning of economic governance reform program? Have you asked yourself and have you looked up the meaning.? It's a common jargon for a silly money fleeing scheme. Even if its a real government program, do you have to borrow just to finance a pesky government program that could be handled in a lot of departments inside the economic ministers ministry. Back to your original question, yes its a recurrent expenditure since its purely a government program and not any kind of capital project. Reading is fundamental. |
Re: Nigeria To Borrow N47billion From ADB (African Development Bank) by otokx(m): 4:58am On Jun 06, 2013 |
Will the billions complete that east - west road before 2015? |
Re: Nigeria To Borrow N47billion From ADB (African Development Bank) by ideylaff: 6:04am On Jun 06, 2013 |
Garri the 1st: The only SPECIFIC project mentioned is the East-West Road. I therefore wonder if the all the N47 billion to be borrowed is for that road... Spot ON. u said it all |
Re: Nigeria To Borrow N47billion From ADB (African Development Bank) by ideylaff: 6:07am On Jun 06, 2013 |
bloggernaija: Donald Duke could not add one plus one together.... all he wanted to do was put his name in the history books as the father of Tinapa.... he never sat back once and thought Tinapa could be achieved in stages or phased approach Now the debt is rising and Tinapa is decaying and lying fallow......what a crying shame..... |
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