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Nairaland Forum / Nairaland / General / Politics / Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure (10711 Views)
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Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by Racoon(m): 3:45pm On Aug 16, 2022 |
Abdullahi Adamu, national chairman of the All Progressives Congress (APC), says the federal government “can borrow from here to eternity”. https://www.thecable.ng/adamu-fg-can-borrow-till-eternity-loans-are-the-source-of-our-infrastructure/amp 2 Shares
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Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by Iamgrey5(m): 3:45pm On Aug 16, 2022 |
The only country in the world that borrow forever is the united states of America. That's because the global currency of choice is the American Dollars, So they simply raise the debt celling when they need more money. Although inflation can become a real problem, if they print too frequently without finding ways to reduce the money in circulation. Nigeria on the other hand, can only borrow money until our debt to tax revenue ratio is dangerously close as it is now. When it is close, we will simply be using a substantial portion of our budget to service debt and have very little left to run the government or do capital projects. As it is now, we run the risk of a total default as we are running out of money to run the government because of debt servicing. NB: We can't use debt to GDP ratio in Nigeria because our tax to GDP ratio is very low. 50 Likes 4 Shares |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by madridguy(m): 3:46pm On Aug 16, 2022 |
Adamu is 100% correct. Even multinational corporations depends on loan. Satanic umbrella party and their Ipob disciples go soon arrive to attack someone old enough to be their grandfather. 7 Likes 10 Shares |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by Truthisunique2: 3:46pm On Aug 16, 2022 |
Brain dead chairman Tinubu would continue from where buhari stopped 88 Likes 7 Shares |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by Racoon(m): 3:47pm On Aug 16, 2022 |
![]() Borrowing to build railway to Niger Republic or dashing them 1.4B security cars while Nigeria is wallowing in something worst? Which developed country have this fool seen that spends 80% of its annual budget in paying salaries? All their grossly warped brain always think is that the immediate solution to any economic problem or challenge is the impulsive urge to go borrowing. 42 Likes 3 Shares |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by God1000(m): 3:47pm On Aug 16, 2022 |
Such balderdash, this is why your party will lose heavily next year 32 Likes 1 Share |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by Kingspin(m): 3:47pm On Aug 16, 2022 |
When you select an incompetent person, your economy, and people will suffer. Stop electing incompetence in office. Is bad for you and the economy. 15 Likes 2 Shares |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by Racoon(m): 3:47pm On Aug 16, 2022 |
Just imagine the level of financial indebtedness of this nation today and extrapolate it to the generation unborn. Meanwhile, these are the people that wants the oppressive, suppressive and retrogressive policies of the disastrous Buhari govt to continue with emilokan? God forbid BATSHIT. 12 Likes |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by OkpaNsukkaisBae(m): 3:47pm On Aug 16, 2022 |
Independently, we can't even build infrastructure with d loan....we go still go to dem (china) with d loan money to buy labourers/skill workers. 2 Likes |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by Racoon(m): 3:47pm On Aug 16, 2022 |
Truthisunique2:This government is filled with incredibly daft, stupid and grossly irresponsible people ever seen on planet earth. They are just a nauseating bunch of humanity. 12 Likes 2 Shares |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by Xscape1993(m): 3:47pm On Aug 16, 2022 |
Evil party... evil government.... 6 Likes |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by bjdon: 3:49pm On Aug 16, 2022 |
Only a stupid Aboki, product of quota system, can make such a sensless comment. Govts can only borrow as long as international creditors are prepared to lend to them(Either by buying their bonds or by granting direct loans) If any country can just borrow regardless, then how come we have seen major debt crises in counrtries like Sri Lanka, Argentina...etc No wonder the country is in such a mess with people like this at the helm of national affairs. 28 Likes 2 Shares |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by Cypress042: 3:49pm On Aug 16, 2022 |
Someone's daddy and grandfather is actually the one saying all this. It's pitiful because Buhari that i know is about to borrow again not surprising at all ![]() 8 Likes 1 Share |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by backtovillage: 3:49pm On Aug 16, 2022 |
Which kind old man is this. City boy would fire this man next year. |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by dynicks(m): 3:49pm On Aug 16, 2022 |
loans that finally would find its way into private pockets... Wonder who's blood this man sucks at night!!.....see person face! I pity the nipple this man will place this his mouth on...! Small talk was why he kept his face like that....no wonder the economy of the country is in disarray....If this man is 76 years of age, then I doubt that TINUBU is less than 71 years... 8 Likes
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Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by Olojuobinrin(m): 3:49pm On Aug 16, 2022 |
We’ll like I read , borrowing means the government can meet a temporary shortfall by borrowing, rather than having to immediately cut back on spending. Like an overdraft facility, government borrowing gives the government more flexibility and means they can maintain wages and spending commitments without having to keep cutting spending. |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by treesun: 3:51pm On Aug 16, 2022 |
Racoon: APC and criminality are 5 & 6! 1 Like |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by tommy589(m): 3:51pm On Aug 16, 2022 |
Pepper seller go do better than this ![]() No be scam be dat, If you dey borrow every time without visible utilisation of the money 2 Likes 1 Share |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by anonimi: 3:51pm On Aug 16, 2022 |
Racoon: I wonder what Hell Ruffy has to say to this ![]() 9 Likes 1 Share
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Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by Nobody: 3:51pm On Aug 16, 2022 |
which infrastructure? |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by DLSReigns: 3:51pm On Aug 16, 2022 |
These one are still talking. Shame is even ashamed of them. Must you talk? Especially when nothing reasonable is there to say? |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by ecolime(m): 3:52pm On Aug 16, 2022 |
madridguy: 22 Likes 2 Shares
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Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by Nobody: 3:52pm On Aug 16, 2022 |
You have collected huge loans yet universities are closed, politicians still fly abroad for medical treatment, power supply is still erratic, insecurity is everywhere, and there is inflation in the land. Things are now too expensive for the common man. We need to vote these APC people out as a matter of urgency and vote in serious people who know what they are doing. 4 Likes 2 Shares |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by Mikelarteta(m): 3:52pm On Aug 16, 2022 |
These are the sets of idiots that opposed everything Jonathan did, I remember when one lifeless presidential aspirant during campaign said there is nothing like subsidy, how market now? It is very easy to win the EPL or the Campions league on PS 5 than on an actual football pitch. 5 Likes 1 Share |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by Ballzproblemm: 3:52pm On Aug 16, 2022 |
loans that ends up in politicians pocket,loans that they plan not to pay and dump the responsibility on the next administration, loans that they haven't use to do anything tangible 2 Likes |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by adecz: 3:52pm On Aug 16, 2022 |
![]() Which infrastructure❓❓ Infrastructure of building N1trn railway to Niger Republic❓❗️❗️❌❌ Apart from the uncompleted Niger bridge at Onitsha, which other major project has APC Undertaken? They have only been completing PDP projects and taking the glory. Just like marrying a woman who is already 7 months pregnant and then over rejoicing at the naming ceremony as if na your handiwork❗️❗️❌❌❌ 1 Like |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by 5iine: 3:52pm On Aug 16, 2022 |
. |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by mayowayon: 3:53pm On Aug 16, 2022 |
That's why they loan the future of the unborn children 1 Like 1 Share |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by SultanOfPuna: 3:53pm On Aug 16, 2022 |
Ok |
Re: Adamu: FG Loans Are Not Bad, Loans Are The Source Of Our Infrastructure by Whoknowsme: 3:53pm On Aug 16, 2022 |
Is it not the same APC? We shall be delivered from your infrastructural loan come next year via our votes 1 Like |
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