400billionman:


Atiku is intelligent. And i didn't know he is also genuine. From my experience in Nigeria, i wouldn't tell Nigerians what I had in mind till I became President.

The only reason most of them give for supporting buhary is that No more free money for wailers.. No more corruption.

That leaves me laughing.

Atiku summarized it by saying, " I and President Obasanjo paid all Nigeria's debt, and that what we have today are People who came to Reap where they did not sow "..

I very much doubt Atiku wrote this article by himself.

Abcdefghij10000:
Actually borrowing helps to ease the government from using public funds in which the public funds can b used for a more short time workable project. Let me englighten you lets say the government wants to build a capital intensive project of 1b$ like a light rail which the construction would take probably 4 years.Dont you think it would be at a disservice to the nation if almost half of the budget is used for this purpose while leaving some more pressing aspects of development like education and co. So borrowing would actually give the government another source of capital which would be used for the project while the budget can be allocated for other things

How will you feel if I keep coming to you to borrow every day. Ok fine. How about when I cannot account for the money you been lending me? I don't think you lend me money again next time.

Have you heard also that since Buhari came in our debit file rose from $10billion to $80billion within 5yrs counting.

How I wish am not a citizen if this country...it pays make I be Cotonou citizen.

Some f00ls will just be claiming they know book here trying justifying the wrong and error one mumu man from daura is bringing on us.

The first step in fixing Nigerian is to fix all the refinaries
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Bedwyr:
DISCLAIMER : I am not an APC supporter, I do not work for government in any capacity, nor am I a pro Buhari man, and have never in my life voted for PDP(except once in a Local government election, because there was no better alternative then)...or APC or its precursor parties...

Having got that out of the way...

1.In April 2014...oil prices fell....and kept on falling till in 2016, oil was at $30 per barrel, down from $75 per barrel in 2015...which was down from $120 in Jan 2014....

2.As things stand now, oil is at $60 per barrel.

3,Because of the drop in oil revenues, in order to keep our heads above water....WE HAVE HAD TO BORROW.

4.Also, as has been stated elsewhere...we need oil to be at least $100 per barrel before we can have a good economy( that is why in 2011-14, we had a good economy because oil was above $90 during those times).

5.As long as oil is below $100 per barrel, we would have to borrow. We have no choice.

6.If you want government to stop borrowing...good. I think so too. But that means that in return, salaries would not be paid at all, taxes would be at rates of 50-60% on everyone, including people earning below N50000monthly who are excluded from taxation,and our country would be broke. We would also have to remove subsides on everything..which means fuel would cost N300 and above per liter because now we cannot afford subsides.

7.Ultimately, borrowing has to continue....and EVEN if oil gets up to the ideal of $139 per barrel....which is where we need it not to borrow...we still have to pay off debts accruring previously.


We were here before , from 1982-1991, and again from 1992-2003.

The only way forward is simple....Nigeria must industrialse. Yes, it sounds fanciful, but we must take the hard road to industrialization. There is no ther way, and sadly APC nor PDP have the ideas we need.

We must also cut every subsidy in the fuel and power sector...so that we can save money and attract investors who will build our power and petrol sectors to the point where we can fuel our industrial development.

Nigeria must get off oil.

Now.

come 2023, contest for presidency & u hv my vote

mjay4luv:


come 2023, contest for presidency & u hv my vote

Thank you very much, but Nigerians don't like oversabi and ITK people like me...so I'll pass.