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Nairaland Forum / Nairaland / General / Politics / FG To Receive $2.25bn World Bank Loan June 13 (8685 Views)
Wale Edun: World Bank Has Approved $2.25bn Loan For Nigeria / Ortom To Buhari: If Katsina Gets N6.25bn For Ranching, Give Benue N100bn / Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA (2) (3) (4)
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FG To Receive $2.25bn World Bank Loan June 13 by adenigga(m): 6:54am On May 12 |
The Federal Government is poised to receive fresh loan funding from the World Bank, with approval expected for loans totalling $2.25bn on June 13, 2024.Source: https://punchng.com/FG-to-receive-$2.25bn-World-Bank-loareceive-3 4 Likes 2 Shares
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Re: FG To Receive $2.25bn World Bank Loan June 13 by DatNiggaDaz: 6:56am On May 12 |
World worst prolific failures in Black & white 103 Likes 13 Shares
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Re: FG To Receive $2.25bn World Bank Loan June 13 by DatNiggaDaz: 6:59am On May 12 |
The current disaster of immense failure & proportion 65 Likes 5 Shares
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Re: FG To Receive $2.25bn World Bank Loan June 13 by dedonfranco(m): 7:00am On May 12 |
You're still borrowing money after everything you put us into. What does Tinubu want? 84 Likes 5 Shares |
Re: FG To Receive $2.25bn World Bank Loan June 13 by Macphenson: 7:01am On May 12 |
okoo |
Re: FG To Receive $2.25bn World Bank Loan June 13 by DatNiggaDaz: 7:02am On May 12 |
Bulaba dance rythms of incompetence & misery 58 Likes 2 Shares
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Re: FG To Receive $2.25bn World Bank Loan June 13 by OkpaNsukkaisBae(m): 7:08am On May 12 |
So where is the money from subsidy removal 77 Likes 4 Shares |
Re: FG To Receive $2.25bn World Bank Loan June 13 by Stanleymaster1: 7:28am On May 12 |
World Bank even join dey kill nigeria. 69 Likes 5 Shares |
Re: FG To Receive $2.25bn World Bank Loan June 13 by PlasmaTV: 7:43am On May 12 |
Yawns 🥱 If the whole world likes, they should lend $1 trillion to Nigeria. The clueless government will steal waste it. 51 Likes 3 Shares |
Re: FG To Receive $2.25bn World Bank Loan June 13 by Usmanovic95(m): 7:43am On May 12 |
How can we be saving 1.4trillion naira monthly from subsidy removal and still be borrowing money upandan. This is what propaganda does,your actions will keep betraying your words. 97 Likes 6 Shares |
Re: FG To Receive $2.25bn World Bank Loan June 13 by Cindypresh(f): 7:51am On May 12 |
So where is all the money BATerians said they saved from subsidy removal So it was all lies all these while 50 Likes 3 Shares |
Re: FG To Receive $2.25bn World Bank Loan June 13 by NothingDoMe: 8:01am On May 12 |
Cindypresh:Million dollar question. Sorry million Naira question, before them go say na me dey depreciate Naira. 68 Likes 6 Shares |
Re: FG To Receive $2.25bn World Bank Loan June 13 by Deeprooted: 8:01am On May 12 |
Re: FG To Receive $2.25bn World Bank Loan June 13 by DebbyKissoc: 8:01am On May 12 |
. 1 Like 1 Share
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Re: FG To Receive $2.25bn World Bank Loan June 13 by Rubyjade: 8:01am On May 12 |
𝐓𝐡𝐞 𝐓𝐚𝐱 𝐏𝐨𝐞𝐦 Tax his land, tax his wage, Tax his bed in which he lays. Tax his tractor, tax his mule, Teach him taxes is the rule. Tax his cow, tax his goat, Tax his pants, tax his coat. Tax his ties, tax his shirts, Tax his work, tax his dirt. Tax his chew, tax his smoke, Teach him taxes are no joke. Tax his car, tax his grass, Tax the roads he must pass. Tax his food, tax his drink, Tax him if he tries to think. Tax his sodas, tax his beers, If he cries, tax his tears. Tax his bills, tax his gas, Tax his notes, tax his cash. Tax him good and let him know That after taxes, he has no dough. If he hollers, tax him more, Tax him until he’s good and sore. Tax his coffin, tax his grave, Tax the sod in which he lays. Put these words upon his tomb, “Taxes drove me to my doom!” And when he’s gone, we won’t relax, We’ll still be after the inheritance tax. -Author unknown. Follow this link to join WhatsApp Free food community: https://chat.whatsapp(.)com/Geka7FUDoyjJ6w1WqsuSPE 37 Likes 8 Shares |
Re: FG To Receive $2.25bn World Bank Loan June 13 by wittywriter: 8:01am On May 12 |
Balablu Rubyjade: ayoolataiwo: Wittyness 7 Likes 2 Shares |
Re: FG To Receive $2.25bn World Bank Loan June 13 by ayoolataiwo(m): 8:02am On May 12 |
Why putting us into more financial burden,,the e economy is over stressed from inflation.The one the Buhari government borrowed was re-looted committing the country to bondage without nothing positive impacts.These financial institutions need to stop these modern slavery called loans and help our future to enslaved them financially 7 Likes 1 Share |
Re: FG To Receive $2.25bn World Bank Loan June 13 by Ashez: 8:03am On May 12 |
Wey Dem go still loot abi 1 Like |
Re: FG To Receive $2.25bn World Bank Loan June 13 by Nahunger(m): 8:03am On May 12 |
Babariga on my mind, If you know you know 😊 Men are about to cash out BIG ☺️ 3 Likes 1 Share |
Re: FG To Receive $2.25bn World Bank Loan June 13 by slivertongue: 8:04am On May 12 |
borrow borrow APC 4 Likes |
Re: FG To Receive $2.25bn World Bank Loan June 13 by richard870(m): 8:04am On May 12 |
Smh |
Re: FG To Receive $2.25bn World Bank Loan June 13 by Ashez: 8:04am On May 12 |
Stanleymaster1:Exactly, they know these fools are looting the money, and they keep granting them loans 17 Likes |
Re: FG To Receive $2.25bn World Bank Loan June 13 by Niok: 8:04am On May 12 |
Thiefnnnubu supporters go talk say na ipob obi and obedients dey depreciate the naira Bunch of clowns and retards 17 Likes |
Re: FG To Receive $2.25bn World Bank Loan June 13 by Khyrvxjzy: 8:05am On May 12 |
z |
Re: FG To Receive $2.25bn World Bank Loan June 13 by Mosdiii(m): 8:06am On May 12 |
This world bank is trying to buy this country and put in in total disaster!!! They keep giving loans left right and centre. This is madness 8 Likes |
Re: FG To Receive $2.25bn World Bank Loan June 13 by kennyz247(m): 8:07am On May 12 |
Another scam 3 Likes |
Re: FG To Receive $2.25bn World Bank Loan June 13 by malali: 8:09am On May 12 |
[b]Regardless of this announcement of Nigeria's intention to secure a significant loan from the World Bank raises concerns about the country's financial management and the potential impact on its economy. While the loan is touted as a means to bolster economic stability and enhance resource mobilization capabilities, past experiences and structural challenges warrant a critical examination of its viability and long-term consequences. Historically: Previous Loans: We have a history of obtaining loans from international lenders with mixed results. Despite receiving substantial financial assistance in the past, tangible benefits to the economy have been limited due to administrative inefficiencies, widespread corruption, and mismanagement of funds. The lack of transparency and accountability in the utilization of loans has often resulted in capital flight and minimal improvement in economic indicators. Administrative Inefficiencies and Corruption: The effectiveness of loan utilization is hampered by endemic corruption and inefficiencies within government institutions. Past loans have been marred by embezzlement, diversion of funds, and lack of proper project implementation, undermining the intended developmental impact. Without addressing these systemic issues, there's little assurance that the current loan will be managed differently. Debt Burden and Currency Instability: Despite the favorable terms of the loan, including a long moratorium period and low interest rates, there's a risk of exacerbating Nigeria's debt burden in the long run. Currency instability, coupled with potential depreciation of the naira, could lead to increased debt servicing costs and financial strain on the government. Previous loans have illustrated the vulnerability of Nigeria's economy to external shocks and fluctuations in global financial markets, raising concerns about the sustainability of additional borrowing. Alternative Approaches and Prudent Resource Management: Enhanced Fiscal Discipline: Rather than relying solely on external borrowing, Nigeria should prioritize fiscal discipline and domestic resource mobilization. This entails implementing comprehensive tax reforms, enhancing revenue collection mechanisms, and curbing leakages in public expenditure. By optimizing existing revenue streams and improving fiscal transparency, the government can reduce its reliance on external financing and mitigate the risk of debt distress. Promotion of Private Sector Investment: Stimulating private sector participation in key sectors of the economy can serve as an alternative source of funding for development projects. Creating an enabling environment for investment through regulatory reforms, infrastructure development, and institutional capacity building can attract both domestic and foreign investors. Public-private partnerships (PPPs) offer a sustainable financing model that leverages private sector expertise and capital while ensuring efficient project execution and risk-sharing. Diversification of the Economy: Nigeria's over-reliance on oil revenues underscores the need for economic diversification to mitigate volatility and enhance resilience. Investing in sectors such as agriculture, manufacturing, and renewable energy can stimulate job creation, reduce import dependency, and foster sustainable growth. Diversifying revenue sources will reduce the country's vulnerability to external shocks and create a more stable foundation for long-term development. While securing external financing may provide short-term liquidity and support economic reforms, We must address underlying structural challenges and adopt prudent fiscal management practices to achieve sustainable development. The government's commitment to transparency, accountability, and effective governance will be crucial in maximizing the impact of borrowed funds and ensuring tangible benefits for the our people. Pursuing alternative strategies for resource mobilization and economic diversification will reduce reliance on external loans and promote self-reliance in driving inclusive growth and prosperity.[/b] |
Re: FG To Receive $2.25bn World Bank Loan June 13 by Skydivine: 8:13am On May 12 |
Stanleymaster1: I dey tell you! 2 Likes |
Re: FG To Receive $2.25bn World Bank Loan June 13 by Confirm4real(m): 8:14am On May 12 |
Buhari second When Emilokan said he want to continue from where Buhari stopped you guys thought he was joking abi... 8 Likes 1 Share
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