With this heavy borrowing yet no infrastructure to show for it.

Àwọn oponu. Instead of human capital investments they are developing infrastructures. Tomorrow one idiot with a shallow mind will bomb a transformer, break the roads and destroy all the infrastructures acquired with the small money the leaders didn't loot.

If the citizens are not educated enough to understand and develop solutions for their own challenges, all monies spent on infrastructure for deficit minded people is just a waste. Spend billions on elections someone will steal ballot box, buy votes, sell votes, disrupt the process, the security agents will connive with them, the judges will keep adjoining cases and no headway is made but you spent billions on infrastructure. This analogy should simplify it for these brainless leaders if they truly want to learn and move the country forward.

Borrowing just to build substandard lnfrastrutues that will not be maintained before the economy picks up whenever that will be is a waste of money plsssss.

SoNature:
If Nigeria can be borrowing this much now that the country can sell crude oil to make money, I wonder what becomes of the country when crude oil becomes worthless in the future.

With Tesla and other hi-tech automakers launching electric cars, there's a problem. Energy companies are investing and researching into renewal energy sources. To date, Nigeria cannot boast of any achievements despite trillions of petrodollars earned from decades of oil boom.

Anyone who tells you that Nigeria has a bright future is only deceiving you because this country is already the world's capital of poverty - even with enormous crude oil sales.

No doubt, the future generation will suffer more because we have not left anything significant on ground for them to build on.

Nigerias debt will be repaid from revenues generated in the agriculture, agro allied, ICT, solid minerals and new economy industries. Oil is dead and Nigeria will he dead with it if we dont borrow to do infrastructure. The loan manageable. EU countries have average of 60% loan to GDP ratio. Most of them dont even have the young people to work to repay the loans.
PDP supporters are some of the most cowardly, natively parochial, empty headed party supporters in.history.
For 16 years they watched their party run the country aground. OBJ the bully and GEJ the weakling had the money to do all the railways, roads, power and LNG. They joined in looting it all only to have their local breed unexposed supporters complain.about infrastructure loans in 2019.
Do you actually want Nigeria to dig itself out of this curse?. If you do, let me be blunt with you. The only answer is Buhari 's current policies. He is going after the hard things (border closure), the big things (infrastructure) and the painful.things (war against corruption) . It will hurt but so does JAMB until you become a university student and later a graduate. The alternative is worse.

QueenAddyRealty:

Thanks


Oh, why is that, sir?

So many sad stories when it comes to land purchases in the country

You are all dullards! What did God give you a brain for? With the resources this country has you still borrow,when una don thief the money finish yet una affidavit dullard say na hate speech,mumu don go Egypt go snap photo,awon omo wobe go talk say he dey shine,na polish him use?

Jimi24:


Nigerias debt will be repaid from revenues generated in the agriculture, agro allied, ICT, solid minerals and new economy industries. Oil is dead and Nigeria will he dead with it if we dont borrow to do infrastructure. The loan manageable. EU countries have average of 60% loan to GDP ratio. Most of them dont even have the young people to work to repay the loans.
PDP supporters are some of the most cowardly, natively parochial, empty headed party supporters in.history.
For 16 years they watched their party run the country aground. OBJ the bully and GEJ the weakling had the money to do all the railways, roads, power and LNG. They joined in looting it all only to have their local breed unexposed supporters complain.about infrastructure loans in 2019.
Do you actually want Nigeria to dig itself out of this curse?. If you do, let me be blunt with you. The only answer is Buhari 's current policies. He is going after the hard things (border closure), the big things (infrastructure) and the painful.things (war against corruption) . It will hurt but so does JAMB until you become a university student and later a graduate. The alternative is worse.

If you are not a direct beneficiary of this government, I am afraid you have been scammed.

Wait until another party wins the next election, then you will see how Buhari has managed Nigeria's resources judiciously.

People who know that Nigeria is technically finished are already making efforts to leave the country for good.

itsme01:




we cant develop without a long term borrowing plan

My Only concern is borrowed money should be managed and escrowed by world bank and only released to contractors that FG nominates, upon completion of the Infrastructural projects it was borrowed for


..

this is how china does it when they borrow you money only that they nominate the company by themselves. the only role you play is supervision so they do not use sub standard materials in the building

Borrowing 30bn dollars?

Na your papa grandchildren go pay am back after you're gone?

What single billion dollar project have you guys ever executed?

22.7 billion dollars loan Nigeria is in trouble

bigpicture001:


Guess ur nu to.news on.national happenings.....iweala was heavily criticised..nd even called corupt nd a thief..they even started praising soludo who knows next to nothing on.macro and fiscal economy.managment..nd he came ranting to d applause of the APC

Not new bro.

We need to stop borrowing and make use of the resources that we have, human and natural resources, whichever. We need to think like we are building this country from scratch. We do not need to borrow.

blowjohn:


So many sad stories when it comes to land purchases in the country

That’s true, but sad issues in purchasing aren’t only limited to land matters. The good thing about our firm is that every transaction and purchase is carried out in full transparency.

We have never had issues with our procurement and sales. I would appreciate if you patronize us sir

Infrastructural development? In Nigeria? Where? What infrastructure have we put up with the countless billions of dollars this government has borrowed so far?

After Una don borrow finish and squandered everything be deceiving yourself

NwekeUG:


https://www.dailytrust.com.ng/why-we-cant-stop-borrowing-fashola-saraki-zainab-tell-reps.html

you can see those that made this list, lol

Ndi oshi...... Ole buruku....... Kparawos......... Thieves.

#Sarcasm

Reference:


Oga. To borrow to fix potholes is madness. How long does it take to repay the interest thoughtless of the principal. 5 years, 10 years, 15 years. In that time will other potholes not have developed.... It is like borrowing N100 naira to eat a single meal that will take you one week to repay. How many other meals will you require in that week. That is madness.

You borrow to create the wealth to buy several meals, pally.... or you will be in poverty forever. You borrow not even to buy a farm but to increase your acreage from 1 to 2 so that you can be guaranteed many meals and sell produce to return the money.

Nigerians donot even know what is right or wrong borrowing. These guys love to borrow for 'contracting' simply because contracting is the only avenue for condensing funds to steal. Contracting is the only way long term developmental aspirations can be grappled with our notorious short term mentality.

That is why typical governments will not patch a pothole for N1,000 tax naira but leave it to decay to become a 1 billion dollar project loan tomorrow and the list is endless. From refineries to roads and railways, condensing today what should be done incrementally on 'citizen' power gradually and deliberately.

They know what to do but corruption will not permit it. China did not develop to become what it is today on loans from anywhere. The people developed that country brick by brick over time. Same with America and much of Europe.

What are we doing with the resources we have and how effectively are we deploying it to 'START-UP' Nigeria. Oga. You will be sick to your stonach to discover just how many loans have been taken to bring our refineries back from the dead in the past 20 years, still....

SoNature:
If Nigeria can be borrowing this much now that the country can sell crude oil to make money, I wonder what becomes of the country when crude oil becomes worthless in the future.

With Tesla and other hi-tech automakers launching electric cars, there's a problem. Energy companies are investing and researching into renewal energy sources. To date, Nigeria cannot boast of any achievements despite trillions of petrodollars earned from decades of oil boom.

Anyone who tells you that Nigeria has a bright future is only deceiving you because this country is already the world's capital of poverty - even with enormous crude oil sales.

No doubt, the future generation will suffer more because we have not left anything significant on ground for them to build on.

Thank you. I've been saying this same thing since 2015, and said it can only get worse. I was labelled a prophet of doom and so I kept quiet. (note that each subsiquent year since then has been worse than the previous).

The demand for crude oil will keep declining as clean energy becomes the norm. It doesn't take rocket science to predict what's to come.

But our leaders are too myopic to see the inevitable, and perhaps prevent it. No step is being taken to diversify the economy and prepare for the post fossil fuel world that's coming.