A

There are hardly good news in Nigeria anymore,
But it's alarming and annoying in the northern hemisphere.

The opposite of cow is cowress...same thinking,same product.

God heal This Land, NIGERIA, in JESUS CHRIST MIGHTY NAME, WE PRAY. AMEN.

Angola having 120+ , that country is already a collateral.

Even Egypt and Algeria, however they have more development compared to Nigeria.

Oil producing countries in Africa are in bed with too much corruption and non functional civil service..........unless these two monsters are reduced drastically, stagnant progress remains what we see.

Tinubuadvocate:
[s][/s] You are very rude .

Rude abi marrd.

Just imagine!
The cowpresido does he understand all this economic analysis �
The only thing that comes they mind every blessed day is borrow borrow and borrow.
Without nothing to show off shame!
O ya see the minister of finance Ahmed. Cows

wwwihy:
Nkonjo borrowed to pay Salaries.....

Ahmed borrowing to finance infrastructures...


Nairaland, make una judge o

Zainab is also borrowing pay salaries and the govt is doing a desperate job to hide this. But the one that cant be hidden is that Zainab is borrowing to service previously borrowed debts.

If you really think the over N20tr borrowed in the last 6 years have been sunk fully into infrastructure, then you must be a novice. Kindly point out the completed infrastructure that's commensurate with over N20tr borrowed funds?

Last time I checked, all the major projects across the country are being financed with microscopic sums per year; Lagos-Ibadan road, Ore-Sagamu, Abuja-Lokoja, Onitsha-Enugu, East-West road, PH-Enugu road etc., none of these major road projects have individually received actual funding up to N20bn in any single calendar year, and that explains why progress on their construction has been extreeeeemly slow.

Even Lagos-Ibadan rail was built with a loan of less than $2bn (less than N1tr), so what really took up the over N20tr borrowed funds? You really think it was all infrastructure as the govt claims? Except you're alternatively saying the money is being stolen in bulk.

We can't do anything right in this country

Nigeria do one thing, they borrow, send the money back to the country it was borrowed from through the back door (loot) the country will through their bank loan to the youth in their country at a single digit interest, they will generate more money and lend to Nigeria again and the debt continues to pile.

She needs to be banned.

She's on the Board of Twitter sef.

You got your stuff well put together. I'm a big fan of any intelligent write up.

obailala:
Zainab is also borrowing pay salaries and the govt is doing a desperate job to hide this. But the one that cant be hidden is that Zainab is borrowing to service previously borrowed debts.

If you really think the over N20tr borrowed in the last 6 years have been sunk fully into infrastructure, then you must be a novice. Kindly point out the completed infrastructure that's commensurate with over N20tr borrowed funds?

Last time I checked, all the major projects across the country are being financed with microscopic sums per year; Lagos-Ibadan road, Ore-Sagamu, Abuja-Lokoja, Onitsha-Enugu, East-West road, PH-Enugu road etc., none of these major road projects have individually received actual funding up to N20bn in any single calendar year, and that explains why progress on their construction has been extreeeeemly slow.

Even Lagos-Ibadan rail was built with a loan of less than $2bn (less than N1tr), so what really took up the over N20tr borrowed funds? You really think it was all infrastructure as the govt claims? Except you're alternatively saying the money is being stolen in bulk.

Buhari is the best thing since sliced bread. Make una free am, biko.

U don't borrow recklessly when u have a Stagnant, unproductive and toxic economy.

I will believe Okonjo any day and any time. Please don't mind that cow-thinking minister.

[quote author=Awoleesu post=103036248][/quote]untrained and uncultured

wwwihy:
Nkonjo borrowed to pay Salaries.....

Ahmed borrowing to finance infrastructures...


Nairaland, make una judge o

So Okonjo borrowed for salaries and had other monies for infrastructure which includes the trains you are currently borrowing to finish - don't you think something is missing somewhere?

If the current Government is borrowing aimlessly like this , don't you think they are paying both salary and infrastructure ?

Don't let Politicians play with you

obailala:
Zainab is also borrowing pay salaries and the govt is doing a desperate job to hide this. But the one that cant be hidden is that Zainab is borrowing to service previously borrowed debts.

If you really think the over N20tr borrowed in the last 6 years have been sunk fully into infrastructure, then you must be a novice. Kindly point out the completed infrastructure that's commensurate with over N20tr borrowed funds?

Last time I checked, all the major projects across the country are being financed with microscopic sums per year; Lagos-Ibadan road, Ore-Sagamu, Abuja-Lokoja, Onitsha-Enugu, East-West road, PH-Enugu road etc., none of these major road projects have individually received actual funding up to N20bn in any single calendar year, and that explains why progress on their construction has been extreeeeemly slow.

Even Lagos-Ibadan rail was built with a loan of less than $2bn (less than N1tr), so what really took up the over N20tr borrowed funds? You really think it was all infrastructure as the govt claims? Except you're alternatively saying the money is being stolen in bulk.

Seeing reports written by people like you , i strongly feel there's hope for our country.

Someone is tracking every move of this failing Government.

They will pay for it

BigSarah:
Who would you believe, an Amazon an international champion Madame Ngozi or Ahmed Zainab a local champion to be fair

Both of them are worried hence saying the same thing. Every dollar gotten from sales of crude oil goes to debt servicing.

DWJOBScom:


So Okonjo borrowed for salaries and had other monies for infrastructure which includes the trains you are currently borrowing to finish - don't you think something is missing somewhere?

If the current Government is borrowing aimlessly like this , don't you think they are paying both salary and infrastructure ?

Don't let Politicians play with you

You are not conversant with the debate from the article. You have nothing meaningful to contribute.

All the contributors in the article were warning Ms Ahmed to restrict borrowing to domestic sources to preserve the dollar for other useful purposes other than debt servicing. Foreign borrowing is a trap and shortest route to debt default.

NB: Ngozi Okonjo Iweala statement on borrowing to pay salaries didn't connote paucity or absence of funds rather, the 2014 budget ran its course before the new 2015 budget was passed and signed by the government. You cannot pay salaries with funds not approved by National Assembly as captured in the budget. The best was to borrow domestically and a pay immediately the budget was signed.

Racoon:
So this illiterate economic clown of a minister thinks she is in the same class as the legendary economic Amazon of NOI type? I guess it is the same Zainab Ahmed of a minister that said Nigeria has not reached its borrowing limits or cant stop borrowing?

Madam continue.Until China take over Nigeria or this country is advertised for sale on OLX, ebay or Amazon before your eyes will clear.

BUHARI'S borrowing is to fix Niger republic so that when China comes to take over Nigeria they will move to Niger. Fake people.

Seniorwriter:


FTC space booker...lolz

This administration is always fast to borrow however they have so little to show for the astronomical amount they've been given since the inception of their incompetent tenure of governance..SMH.
Very clueless incompetent Mofos.
I remember when this WTO woman once postulated that only if when $1 exchanges for #1k(one thousand naira) only then can our naira be stable that was the day I started seeing her differently and as a misfit.
So many people like her in position are sabotages just like wolves in sheep clothing. SMH @those that celebrate when she was nominated.
Very anyhow Nigerian.


We need young visionary leaders not these charlatans parading in power.

If you are a youth and have access to internet + browsing gadgets and you ain't making even $5 daily but complaining of not been financially stable then its your own undoing (Fault). Don't wait for government or when you are done with schooling before you ca start earning via online with a skill or passion after all after school you'll still have to work to have money.
We are now in an era where even kids & teens earn Online(google it you'll be amazed).
There are thousands of ease2access ways to earn online.
It's even a lot more easier if you are skilled.
Do an online research or get mentor if you do not have an online skill or offline skill you can convert.
Don't rely on this borrow borrow Nigerian government the online space is available for earning.
Reach out via the facebook id on my profile if need be with your NL Moniker as message or MENTOR ME if you are not a registered NL member.

Alright but the narrative was not to reach me here but to reach out to the facebook ID on my profile. So do the needful.
Moreover do you have any skill?

BTW this is not for those with a get rich quick or scam/fraudulent mindset, if you are please don't bother to reach out.

#We Moove.

@Seniorwriter.

Do u mean Ada Karen?

Racoon:
So this illiterate economic clown of a minister thinks she is in the same class as the legendary economic Amazon of NOI type? I guess it is the same Zainab Ahmed of a minister that said Nigeria has not reached its borrowing limits or cant stop borrowing?

Madam continue.Until China take over Nigeria or this country is advertised for sale on OLX, ebay or Amazon before your eyes will clear.

Why are you concerned with Nigeria. Haba. Are you no longer a Biafran again?

Foreigner ... please mind your business

Compare to the infrastructure they have built and are still building, this government is reckless with money. They ve borrowed so much and not much to show for it except tribalism, religious extremism and nepotism.

A government that should have banked on the massive goodwill they enjoy to propagate national integration and cohesion, ended up polarising the country like never before.

Buhari had the chance to leverage on his cult like followership and massive goodwill to direct the country, create solid institutions, cub corruption and straighten our democracy but he chose tribalism and nepotism instead. A huge waste of goodwill and massive support. A big loss to Nigerians, infact, our biggest loss so far

Omanze:


Do u mean Ada Karen?

Reach out to the facebook ID as spelt on my profile...
I'm sure you know how to do that.

@Seniorwriter

MansoryMX:


You think they are against social media because you and I abuse them on Twitter or Instagram? This right here is one of the vital reasons they are against it. They want to cut off Nigerians from listening to reasonable and sane people who are putting every effort to bring this country back to sanity. They want to cut off Nigerians from being reach by positive people who will advice them never to make same mistakes they made in 2015.

I don't know you in person...... but with this above point you stated you showed that you are a very intelligent being..... this people are about to put us in a spiritual and physical bondage.... the time for freedom of speech and information is getting over.....