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FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects (14813 Views)

FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters / FG Dumps N16 Trillion Railway Projects For N2.6trn Lagos-calabar Coastal Road —I / FG May Borrow N11Trillion For 2023 Budget As Deficit Rises Above 100% (2) (3) (4)

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Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by zombieHUNTER: 8:44am On Nov 05, 2022
undecided

Use it to buy more leisure cars for Niger republic

And Aso rock maintenance

bloody fools elected by bloody fools

1 Like

Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by jaxxy(m): 8:45am On Nov 05, 2022
Stop borrowing shit especially from China.
Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by nedekid: 8:45am On Nov 05, 2022
Shey you see these mad people? They still want to take more loans. Loans to complete elephant, unviable projects.
Train that the revenue in a year is not enough to pay for diesel consumption in a month. Train that cannot fund salaries for its workers much more service loan repayments.
We are already using over 110% of our income to service debts, is it at this stage we should be taking more loans to pay for non income generating projects? How do we pay?

2 Likes

Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by nedekid: 8:47am On Nov 05, 2022
juman:
We need to borrow five hundred billion dollars and use it with sense to build infrastructure.
Fashola is good building infrastructure.
Why not five hundred gazillion trillion trillion dollars?
And use Dauda the sexy guy. He is good in building infrastructure.
Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by Cmanforall: 8:48am On Nov 05, 2022
Turkey shocked shocked

The National should stop this!

Portugal is not even strong economically, na im Nigeria wan borrow from?

1 Like

Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by Ojayk(m): 8:48am On Nov 05, 2022
Even the rail projects were not completed.

Is alright.
Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by FunkyJustice(m): 8:49am On Nov 05, 2022
Oh!!, we are still going down
Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by gonkin(m): 8:49am On Nov 05, 2022
APC no send again, dem wan borrow 5 generations from Nigeria. How much has the already built railway brought in?

1 Like

Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by matm: 8:50am On Nov 05, 2022
Are the masses begging govt to build railway? What the masses is saying is, re-construct and maintain our bad roads.
Reduce prices of petroleum products and food, and give us stable power.
Where are our representatives in the Senate and rep? Are they the ones advising the presidency to borrow to build railway amidst present economic hardship when a bag of rice is 50k?
Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by Sweetvie: 8:52am On Nov 05, 2022
And Nigerians will come here to yarn rubbish Abt Portugal economy. A country most of Nigerian look down on can borrow the Great Nigeria money. Even turkey smiley oga o undecided
Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by barinedan(m): 8:54am On Nov 05, 2022
Anyone who says this government is not the most corrupt in the history of Nigeria is a stupid fellow. Why do you need more loans when you have less than 7 months to vacate office? How do you service this loans or you want to heap up problems for the incoming government?

1 Like

Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by Brushstrokes20: 8:55am On Nov 05, 2022
The lifeless scammer and his kleptomaniac cohorts should just put the shithole on # jiji undecided

Satanic govt of self serving THIEVES AND BLOODTHIRSTY TERRORISTS undecided

VOTE WISELY COME 2023!
Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by wirinet(m): 8:56am On Nov 05, 2022
joshjc:
Since amaechi left the ministry of transport has been performing poorly or is it lack of publicity
Na where Amaechi leave the rail and indeed transportation, na there e go remain until next administration. The new minister will simply use his short tenure to cash out.
Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by wirinet(m): 9:00am On Nov 05, 2022
matm:
Are the masses begging govt to build railway? What the masses is saying is, re-construct and maintain our bad roads.
Reduce prices of petroleum products and food, and give us stable power.
Where are our representatives in the Senate and rep? Are they the ones advising the presidency to borrow to build railway amidst present economic hardship when a bag of rice is 50k?

Without tail transportation, a country cannot industrialise or develop. Roads are cheap to build and very expensive to maintain. Cars and trucks cannot be used to move huge quantities of materials and people.
Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by Confirm4real(m): 9:00am On Nov 05, 2022
grin

Make una vote for APC again to continue from where Buhari will stop...

In a sane Country APC won't be existing.

1 Like

Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by Perfectbeing(m): 9:00am On Nov 05, 2022
Ebubu:
that port harcourt to maiduguri is very important.

it will connect the east to the middle belt and north east(two zones with massive food production), so food go cheap for east and south south.


nothing concern me with kano to maradi (niger republic)
Kano maradi railway is taking advantage of the LAKAJI (Lagos Kano Jibayi) corridor.

You should read about it
Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by Evidenx(m): 9:00am On Nov 05, 2022
Buhari and his government are complete failures.


If you vote APC again,you and your generation will be failures forever.
If you qoute me wrongly, buhari failure will not your Life.
Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by Nobody: 9:03am On Nov 05, 2022
The ones you have built why not concession it out to the private sector,use the money to continue others and NRC can act as a regulator..
There are opportunities in the rail sector but I don't think it would be properly manage by government. Think about the number of containers you can move around via the rails, as well as agricultural products,the VIP private coaches for people that want to do rail tourism with their family .

President Buhari or Vice President Osinbanjo cannot do all the thinking for Nigeria alone ..
Biko the next Government should have a body of Think Tanks that help Government with it's policy direction...

1 Like

Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by Perfectbeing(m): 9:03am On Nov 05, 2022
TrumpDonald2:
Sincerely speaking, this project is not worth borrowing. If the government doesn't have funds for it, they should have left it. Plunging this country is to more debt because of this railway in my opinion, is not worth it.
And they should leave it uncompleted?
At least, if it's completed, Nigeria can get revenue from the train fare.
But if uncompleted, all the billions spend on it would just lie fallow.

1 Like

Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by Truthdeypain: 9:04am On Nov 05, 2022
Slynation:
By the time bubu is done with Nigeria, even his successor will forever regret the day he bought the presidential form grin

grin grin
Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by BABANGBALI: 9:06am On Nov 05, 2022
Buhari has mortgaged the future of Nigeria
Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by Msports: 9:07am On Nov 05, 2022
muykem:
Nigeria and borrowing. We need minister for borrowing.
grin
Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by ObalendeCMS: 9:08am On Nov 05, 2022
If you don born for this country, na your children, children’s children up till about the fourth and fifth generation go hear an. Dem go pay gbese wey dem no chop tire. Oh! Lest I forget, tinubu or atiku is coming cheesy

You never see anything.
Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by TrumpDonald2: 9:09am On Nov 05, 2022
Perfectbeing:
And they should leave it uncompleted?
At least, if it's completed, Nigeria can get revenue from the train fare.
But if uncompleted, all the billions spend on it would just lie fallow.

Yea I know. I meant they should never have started it in the first place.
Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by Perfectbeing(m): 9:14am On Nov 05, 2022
TrumpDonald2:


Yea I know. I meant they should never have started it in the first place.
It was because of this excuse that Nigeria never had railway in the first place since 1960.
Governments were saying it's too expensive, it's too expensive. And 62 years later, it's still too expensive..

Let Buhari build railways however he can. Even if we nor enjoy am, our children go enjoy am

1 Like

Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by BigBashiru: 9:14am On Nov 05, 2022
nedu666:
Did i just read Portugal. As in borrow from Portugal

It's crazy mehn. Portugal is a former colonial power that has nothing.....
Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by Btruth: 9:21am On Nov 05, 2022
Naa dem Sabi...... If they like, they can go and borrow from Mali, Tanzania and Ivory Coast. Awon werey gbogbo...
Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by ugodson(m): 9:25am On Nov 05, 2022
Borrow borrow make Nigeria rich grin
Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by LOVEGINO(m): 9:25am On Nov 05, 2022
Ebubu:
that port harcourt to maiduguri is very important.

it will connect the east to the middle belt and north east(two zones with massive food production), so food go cheap for east and south south.


nothing concern me with kano to maradi (niger republic)
port harcourt to maiduguri go really make sense. Make dem with BH relate well well.
Re: FG May Borrow Loans From China, Turkey, Portugal To Complete Railway Projects by Lionnation: 9:25am On Nov 05, 2022
agadez007:
Rail ways that dont include South east
They should continue
pH to Maiduguri bro

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