Nigeria and Brazil launched a 1.1-billion-U.S-dollar agricultural mechanization project on Thursday, aiming at covering the entire agricultural value chain.
Tagged the "The Green Imperative," the project is private-sector driven, with both Nigerian and Brazilian investors committed to investing and working on it, according to the News Agency of Nigeria (NAN).
The program was designed as a combination of service centers where technical capacity and training will occur, involving the local assembly of tractors and other agriculture machine and processing centers where agro-processing will be done, said Nigeria's Vice President Yemi Osinbajo.
The launch of the project was attended by other officials, including the Brazilian ambassador to Nigeria Ricardo Guerra de Araujo.
The Nigerian government described the project as "a significant landmark in the revolution of agriculture in Nigeria."
Agriculture is currently a signature focus and the centerpiece of Nigeria's economic diversification efforts.
This new project would be implemented with a total loan package of 1.1 billion dollars, largely from the Brazilian government, according to Minister of Finance Zainab Ahmed.
The implementation of the project is expected to cover all of the 774 local government areas in Nigeria.
Zainab told reporters in Abuja that the loan would be disbursed in four tranches over two years.

Source:
http://www.insiderpostonline.com/news/fg-borrows-1-1-billion-loan-from-brazil/

Nigeria and Brazil launched a 1.1-billion-U.S-dollar agricultural mechanization project on Thursday, aiming at covering the entire agricultural value chain.

They see borrowing, we see development covering the entire agricultural value chain in Nigeria.

The program was designed as a combination of service centers where technical capacity and training will occur, involving the local assembly of tractors and other agriculture machine and processing centers where agro-processing will be done, said Nigeria's Vice President Yemi Osinbajo.

They see borrowing, we see the above.

A pessimistic soul will ALWAYS be pessimistic every day of their lives.
An an optimist will ALWAYS triumph over EVIL.

YOU ARE WHAT YOU SEE!

They've borrowed from almost all the countries of the world still Nigeria is getting worse day after day .

post=74871206:
The program was designed as a combination of service centers where technical capacity and training will occur, involving the local assembly of tractors and other agriculture machine and processing centers where agro-processing will be done, said Nigeria's Vice President Yemi Osinbajo.

Keep fooling yourself

Every sane mind knows all this borrowings will end up in their pockets and campaign crowd buying .

APC is the worst political party in Nigeria history.

NaijaRoyalty:


Keep fooling yourself

An unrepetant pessimist wakes up daily sniffing for negatives news online just like a POLICE DOG!
But [/b], looks for POSITIVE news that meant well for the nations growth and betterment: [b]That is the HUGE DIFFERENCE between children of hate and children of light.

Now swerve.......to the left, forever, child of perdition as you take this gently.....

This guys eant to destroy this country. They have borrowed from Pension fund, withdrwn over a Billiob $ from the ECA without the approval of the NASS. with absolutely nothing to show.

post=74871286:

An unrepetant pessimist wakes up daily sniffing for negatives news online just like a POLICE DOG!
But [/b], looks for POSITIVE news that meant well for the nations growth and betterment: [b]That is the HUGE DIFFERENCE between children of hate and children of light.

Now swerve.......to the left, forever, child of perdition!

Are you aware that Alhaji Atiku Abubakar, is currently in U.S?

NaijaRoyalty:

Are you aware that Alhaji Atiku Abubakar, is currently in U.S?

Aunty Shaggy, Any other Question of the day?!
Oya HIT ME!

Another borrowing.

Make Dem kuku sell Nigeria now

post=74871327:


Any other Question of the day?!
Oya HIT ME!

You've not answered my question

Which one have they even tried to pay pack

Hmmm

A good businessman knows that borrowing is good business as long as it's properly utilized.

Aprior evidence shows that this money would be shared amongst friends and associates who will use same proceeds to buy a bigger house and some new american cars to cruise on our beautiful potholes infested roads.

NaijaRoyalty:
They've borrowed from almost all the countries of the world still Nigeria is getting worse day after day .

How is this borrowing if private investors are bringing in their money to invest?

You are a cretin because even if Buhari was the one personally tiling your cubicle you would still say he wasn't the one so why bother.
However I would want to pepper you still with a little response to your question
Anyone like you who says PMB hasn't achieved anything is either a thief or a bigot or a lunatic or deceived or sentimental.
It's only a big time crook like you that will say that 200,000 N-power beneficiaries is not an achievement. PMB should have shared the #6billion used to pay them monthly among elites every month.
Anyone like you who dismisses the school feeding program is a slowpoke. The farmers and workers who benefit and the children whose enrollment has increased should have been at home.
It's only a scammer like you that will tell me that a man who met foreign reserve depleted to #27billion and increased it to a high of #47billion amidst comparatively lower oil prices has not achieved anything.
Only a lunatic like you who will say that the security situation PMB met on ground in the Niger delta ravaged by Militants and bunkerers, Ikorodu ravaged by Badoo, South East ravaged by kidnappers, North East ravaged by Boko Haram hasn't improved under PMB .
The herdsmen they sponsor have been quiet since they started hunting for their return tickets. Their recent attempt to escalate it led to the Du pond discovery in plateau state and they have been very quiet about the revelation.
PMB inherited a rice importing economy. He inherited a fuel importing economy. He inherited an economy that was bled to death through all sorts of criminal rackets notably in the petroleum industry subsidy scam.
No rail line was working when PMB came on board. Roads where in terrible shape. By the time PMB came, they had sold PHCN to their cronies in the name of DISCOS and inserted in the agreement, a ridiculous clause requiring the government to pay them some billions if their licenses are revoked.
What they give Nigerians is unsatisfactory even though generation has been increased by this government from 2600-4000MW it met to 8000MW.
By the time PMB came, they had sold Nigerdock, Nicon Insurance etc. They had concessioned NPA and sacked workers who are yet to be paid till date. They had liquidated Nigerian airways whose ex- workers pay PMB is just settling.
They had sold NITEL and left their ex-workers benefits for PMB to settle. When PMB became president, 30 states were owing salaries. He gave them Paris debt refund and bailout running
into trillion. Religious and ethnic bigots won't see all that.
They said Tomato was their problem, now there is tomato in abundance . They said there is no garri now Garri is in surplus. They said their headache was fuel scarcity now fuel is everywhere.
But I know that the traffic of clerics, celebrities, traditional rulers, journalists, political jobbers etc to Aso Rock has reduced drastically because they cant get big brown envelopes as before.
These set of people who were used to easy money are the ones wailing like mad dogs but we shall put them in check with facts and figures
2 major rail lines COMPLETED between 2015 & 2018, during a RECESSION; the Abuja—Kaduna metro & Abuja Metro.
No rail project was completed between 1999 and 2015.
PMB's administration is constructing another 2 standard-gauge Rail projects; the Ajaokuta-Warri Rail, and the Lagos- Ibadan rail
P.S: Interesting to note that NO rail project was ever completed between 1999—2015, despite the OIL BOOM All we have from PDP is a #GEJstartedit
Even their national office, WADATA PLAZA is still uncompleted till date.

Moyinoluwa35:
You are a cretin because even if Buhari was the one personally tiling your cubicle you would still say he wasn't the one so why bother.
However I would want to pepper you still with a little response to your question
Anyone like you who says PMB hasn't achieved anything is either a thief or a bigot or a lunatic or deceived or sentimental.
It's only a big time crook like you that will say that 200,000 N-power beneficiaries is not an achievement. PMB should have shared the #6billion used to pay them monthly among elites every month.
Anyone like you who dismisses the school feeding program is a slowpoke. The farmers and workers who benefit and the children whose enrollment has increased should have been at home.
It's only a scammer like you that will tell me that a man who met foreign reserve depleted to #27billion and increased it to a high of #47billion amidst comparatively lower oil prices has not achieved anything.
Only a lunatic like you who will say that the security situation PMB met on ground in the Niger delta ravaged by Militants and bunkerers, Ikorodu ravaged by Badoo, South East ravaged by kidnappers, North East ravaged by Boko Haram hasn't improved under PMB .
The herdsmen they sponsor have been quiet since they started hunting for their return tickets. Their recent attempt to escalate it led to the Du pond discovery in plateau state and they have been very quiet about the revelation.
PMB inherited a rice importing economy. He inherited a fuel importing economy. He inherited an economy that was bled to death through all sorts of criminal rackets notably in the petroleum industry subsidy scam.
No rail line was working when PMB came on board. Roads where in terrible shape. By the time PMB came, they had sold PHCN to their cronies in the name of DISCOS and inserted in the agreement, a ridiculous clause requiring the government to pay them some billions if their licenses are revoked.
What they give Nigerians is unsatisfactory even though generation has been increased by this government from 2600-4000MW it met to 8000MW.
By the time PMB came, they had sold Nigerdock, Nicon Insurance etc. They had concessioned NPA and sacked workers who are yet to be paid till date. They had liquidated Nigerian airways whose ex- workers pay PMB is just settling.
They had sold NITEL and left their ex-workers benefits for PMB to settle. When PMB became president, 30 states were owing salaries. He gave them Paris debt refund and bailout running
into trillion. Religious and ethnic bigots won't see all that.
They said Tomato was their problem, now there is tomato in abundance . They said there is no garri now Garri is in surplus. They said their headache was fuel scarcity now fuel is everywhere.
But I know that the traffic of clerics, celebrities, traditional rulers, journalists, political jobbers etc to Aso Rock has reduced drastically because they cant get big brown envelopes as before.
These set of people who were used to easy money are the ones wailing like mad dogs but we shall put them in check with facts and figures
2 major rail lines COMPLETED between 2015 & 2018, during a RECESSION; the Abuja—Kaduna metro & Abuja Metro.
No rail project was completed between 1999 and 2015.
PMB's administration is constructing another 2 standard-gauge Rail projects; the Ajaokuta-Warri Rail, and the Lagos- Ibadan rail
P.S: Interesting to note that NO rail project was ever completed between 1999—2015, despite the OIL BOOM All we have from PDP is a #GEJstartedit
Even their national office, WADATA PLAZA is still uncompleted till date.

since atiku went to USA and apc ass sniffers have ntin against him again,u guys have been sharing this shitty comment since then.
it's an hard job defending a failure like buhari,pele olohun mawo eh san

In just 3yrs, they have borrowed more than PDP did in 16yrs.
They just borrow and share among themselves.

Moyinoluwa35:
You are a cretin because even if Buhari was the one personally tiling your cubicle you would still say he wasn't the one so why bother.
However I would want to pepper you still with a little response to your question
Anyone like you who says PMB hasn't achieved anything is either a thief or a bigot or a lunatic or deceived or sentimental.
It's only a big time crook like you that will say that 200,000 N-power beneficiaries is not an achievement. PMB should have shared the #6billion used to pay them monthly among elites every month.
Anyone like you who dismisses the school feeding program is a slowpoke. The farmers and workers who benefit and the children whose enrollment has increased should have been at home.
It's only a scammer like you that will tell me that a man who met foreign reserve depleted to #27billion and increased it to a high of #47billion amidst comparatively lower oil prices has not achieved anything.
Only a lunatic like you who will say that the security situation PMB met on ground in the Niger delta ravaged by Militants and bunkerers, Ikorodu ravaged by Badoo, South East ravaged by kidnappers, North East ravaged by Boko Haram hasn't improved under PMB .
The herdsmen they sponsor have been quiet since they started hunting for their return tickets. Their recent attempt to escalate it led to the Du pond discovery in plateau state and they have been very quiet about the revelation.
PMB inherited a rice importing economy. He inherited a fuel importing economy. He inherited an economy that was bled to death through all sorts of criminal rackets notably in the petroleum industry subsidy scam.
No rail line was working when PMB came on board. Roads where in terrible shape. By the time PMB came, they had sold PHCN to their cronies in the name of DISCOS and inserted in the agreement, a ridiculous clause requiring the government to pay them some billions if their licenses are revoked.
What they give Nigerians is unsatisfactory even though generation has been increased by this government from 2600-4000MW it met to 8000MW.
By the time PMB came, they had sold Nigerdock, Nicon Insurance etc. They had concessioned NPA and sacked workers who are yet to be paid till date. They had liquidated Nigerian airways whose ex- workers pay PMB is just settling.
They had sold NITEL and left their ex-workers benefits for PMB to settle. When PMB became president, 30 states were owing salaries. He gave them Paris debt refund and bailout running
into trillion. Religious and ethnic bigots won't see all that.
They said Tomato was their problem, now there is tomato in abundance . They said there is no garri now Garri is in surplus. They said their headache was fuel scarcity now fuel is everywhere.
But I know that the traffic of clerics, celebrities, traditional rulers, journalists, political jobbers etc to Aso Rock has reduced drastically because they cant get big brown envelopes as before.
These set of people who were used to easy money are the ones wailing like mad dogs but we shall put them in check with facts and figures
2 major rail lines COMPLETED between 2015 & 2018, during a RECESSION; the Abuja—Kaduna metro & Abuja Metro.
No rail project was completed between 1999 and 2015.
PMB's administration is constructing another 2 standard-gauge Rail projects; the Ajaokuta-Warri Rail, and the Lagos- Ibadan rail
P.S: Interesting to note that NO rail project was ever completed between 1999—2015, despite the OIL BOOM All we have from PDP is a #GEJstartedit
Even their national office, WADATA PLAZA is still uncompleted till date.

How much please?

Kai the way Buhari is going he will soon start Borrowing from Chad and Niger republic

Can a country grow by depending on excessive borrowing for survival?

Experts should tell me please

To even think that part of the loans will be misappropriated is worrisome

TheSaxophonist:
Nigeria and Brazil launched a 1.1-billion-U.S-dollar agricultural mechanization project on Thursday, aiming at covering the entire agricultural value chain.
Tagged the "The Green Imperative," the project is private-sector driven, with both Nigerian and Brazilian investors committed to investing and working on it, according to the News Agency of Nigeria (NAN).
The program was designed as a combination of service centers where technical capacity and training will occur, involving the local assembly of tractors and other agriculture machine and processing centers where agro-processing will be done, said Nigeria's Vice President Yemi Osinbajo.
The launch of the project was attended by other officials, including the Brazilian ambassador to Nigeria Ricardo Guerra de Araujo.
The Nigerian government described the project as "a significant landmark in the revolution of agriculture in Nigeria."
Agriculture is currently a signature focus and the centerpiece of Nigeria's economic diversification efforts.
This new project would be implemented with a total loan package of 1.1 billion dollars, largely from the Brazilian government, according to Minister of Finance Zainab Ahmed.
The implementation of the project is expected to cover all of the 774 local government areas in Nigeria.
Zainab told reporters in Abuja that the loan would be disbursed in four tranches over two years.

Source:
http://www.insiderpostonline.com/news/fg-borrows-1-1-billion-loan-from-brazil/

where is this so called agricultural revolution loan since last year and a bag of will soon hit 40k. shameless borrowing govt.

Fake news.

Since bosicona and other used goods were introduced and glorified in this kontry, foreign loan has become intelligent and rationalize by miseducated Niajarians.

Next Stop: Borrow money from South Africa, then Ghana for National Development.