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FG To Fund Budget Through Sukuk Bond - Politics (4) - Nairaland

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List Of 25 Roads N100bn Sukuk Bond Proceeds Will Be Spent On - Fashola / Finance Ministry Hands Over Proceeds Of Sukuk Bond To Ministry Of Works(Photos) / Nigeria May Stop Borrowing To Fund Budget — Adeosun (2) (3) (4)

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Re: FG To Fund Budget Through Sukuk Bond by wink2015(m): 1:21pm On Jan 23, 2016
[size=16pt]Our useless Political and Military Elites looted and squandered our oil money for the past 40 years and now we are going to an Islamic bank to borrow money to fund our budget.

Our Northern elites like Buhari and Audu Ogbeh are paying lip services to agriculture.

Buhari does not seem to like Agriculture even though he is a cattle farmer.

He strongly desired the oil money that is not forth coming anymore due to falling value of oil in the international market
[/size]

5 Likes 2 Shares

Re: FG To Fund Budget Through Sukuk Bond by mcee1(m): 1:21pm On Jan 23, 2016
APCzombie:


Look at this almajiri and why are you confusing me with seerusnape?


You remain as usual a confused crossed eye boko
Kafir(infidel) have you fu*ck ur mama dis morning
Re: FG To Fund Budget Through Sukuk Bond by Yugoos: 1:22pm On Jan 23, 2016
Just reminiscing angry

9 Likes

Re: FG To Fund Budget Through Sukuk Bond by APCzombie: 1:22pm On Jan 23, 2016
mcee1:
Kafir(infidel) have you fu*ck ur mama dis morning

Not after I finish fcking all your dirty sisters in their ass
Re: FG To Fund Budget Through Sukuk Bond by truthisbittar12: 1:23pm On Jan 23, 2016
GUD,

no interest pressure at ALL.......
Re: FG To Fund Budget Through Sukuk Bond by mcee1(m): 1:24pm On Jan 23, 2016
APCzombie:


Not after I finish fcking all your dirty sisters in their ass
Taaar! Ur go finish fu*ck ur mama smelling punny first Anu ofia.
Re: FG To Fund Budget Through Sukuk Bond by abduljabbar4(m): 1:26pm On Jan 23, 2016
DONMAYOR19:
USELESS MUSLIMS AGENDA GOVERNMENT.

Useless christian agenda supporters. There is nothing you can do about it
Re: FG To Fund Budget Through Sukuk Bond by APCzombie: 1:28pm On Jan 23, 2016
mcee1:
Taaar! Ur go finish fu*ck ur mama smelling punny first Anu ofia.

Why do you Muslim like fcking goats?



Don't lie I know you fcked last year's sallah ram.


But don't worry according to your sick prophet it is all good to fck goats as long as no woman was present



Muslim swine calling his father infidel

8 Likes 2 Shares

Re: FG To Fund Budget Through Sukuk Bond by Pidggin(f): 1:28pm On Jan 23, 2016
So this is their plan

1 Like

Re: FG To Fund Budget Through Sukuk Bond by APCzombie: 1:28pm On Jan 23, 2016
abduljabbar4:


Useless christian agenda supporters. There is nothing you can do about it

Here comes the bokos

1 Like

Re: FG To Fund Budget Through Sukuk Bond by 9ite(m): 1:30pm On Jan 23, 2016
ericuzor:



http://www.vanguardngr.com/2016/01/fg-resorts-to-islamic-bond-to-fund-budget/
this is one of many reasons Nigeria will not grow bigger than it already is
Re: FG To Fund Budget Through Sukuk Bond by Ahmedhussain3463: 1:30pm On Jan 23, 2016
atleast we heard of islamic funding wht abt vatican funding?
Re: FG To Fund Budget Through Sukuk Bond by MagicBishop: 1:33pm On Jan 23, 2016
Ahmedhussain3463:
atleast we heard of islamic funding wht abt vatican funding?

We also have Islamic terrorism as well.


Mention me when you hear of Vatican suicide bombers.

Yeye

2 Likes

Re: FG To Fund Budget Through Sukuk Bond by Jarus(m): 1:44pm On Jan 23, 2016
The fact that this thread reached 4 pages without anyone from the pro-Buhari debaters mentioning the fact that Islamic Financing was used by even the UK government to raise funds, shows the dearth of facts-based argument on Nairaland these days.

UK government issued Sukuk (Islamic finance) to raise funds, 3 years ago, I guess they also wanted to Islamise UK.

https://next.ft.com/content/7c89467e-fc4e-11e3-98b8-00144feab7de

http://qz.com/352609/the-uk-wants-to-lead-the-globe-in-islamic-finance/

5 Likes 1 Share

Re: FG To Fund Budget Through Sukuk Bond by sammyj: 1:44pm On Jan 23, 2016
.......... shocked grin grin grin grin grin grin grin
APCzombie:


Define hypocrisy for me ...

Is it when you accuse others of gross mismanagement wherein they operated a surplus budget but you support a 50% deficit reckless budget based on loans?

Your answer should be brief.
Re: FG To Fund Budget Through Sukuk Bond by mcee1(m): 1:45pm On Jan 23, 2016
APCzombie:


Why do you Muslim like fcking goats?



Don't lie I know you fcked last year's sallah ram.


But don't worry according to your sick prophet it is all good to fck goats as long as no woman was present



Muslim swine calling his father infidel
Hahahahaha... And how are you sure am muslim? Anyway it still doesn't change the fact that ur useless drunkard wretch father fu*ck ur smelling mamas punny. U are product of dog sperm. Bring it on you wretch bastard,am ready for you today.
Re: FG To Fund Budget Through Sukuk Bond by mcee1(m): 1:47pm On Jan 23, 2016
APCzombie:


Here comes the bokos
Thunder fire ur drunkard useless old foool you call father. I heard he is a rapist? Tell me more about it.
Re: FG To Fund Budget Through Sukuk Bond by mcee1(m): 1:49pm On Jan 23, 2016
APCzombie thunder fire ur smelling mouth there. Have cure that maggot coming our from ur mama's punnyI heard She dey Bleep mr okafor's dog.
Re: FG To Fund Budget Through Sukuk Bond by MagicBishop: 1:50pm On Jan 23, 2016
Jarus:
The fact that this thread reached 4 pages without anyone from the pro-Buhari debaters mentioning the fact that Islamic Financing was used by even the UK government to raise funds, shows the dearth of facts-based argument on Nairaland these days.

UK government issued Sukuk (Islamic finance) to raise funds, 3 years ago, I guess they also wanted to Islamise UK.

https://next.ft.com/content/7c89467e-fc4e-11e3-98b8-00144feab7de

http://qz.com/352609/the-uk-wants-to-lead-the-globe-in-islamic-finance/

These jihadist banks always look for govt patronage in order to anchor themselves into the economy.

Whatever the case the same Islamic banks have been accused by the British in funneling cash and sponsoring global terrorism

https://moneyjihad./2013/01/07/sharia-banks-that-fund-terrorism/

1 Like

Re: FG To Fund Budget Through Sukuk Bond by dokiOloye(m): 1:51pm On Jan 23, 2016
Osakah24:
Nigeria and this ever begging syndrome
Begging is d culture of some ppl na.

1 Like

Re: FG To Fund Budget Through Sukuk Bond by BushidoBlue(m): 2:17pm On Jan 23, 2016
TippyTop:


Dude is making sure you work your a.zz off for that special Aisha jollof rice. grin

6 Likes

Re: FG To Fund Budget Through Sukuk Bond by fejikudz(m): 2:21pm On Jan 23, 2016
TippyTop:


Dude is making sure you work your a.zz off for that special Aisha jollof rice. grin
grin grin grin

3 Likes

Re: FG To Fund Budget Through Sukuk Bond by bashdawodu: 2:34pm On Jan 23, 2016
A lot of credit to the Buhari government if the previous govt left a high foreign reserve that would cushion the fall in oil price and it won't be necessary to source for money to fund the budget now.
Re: FG To Fund Budget Through Sukuk Bond by baby124: 2:47pm On Jan 23, 2016
What are the terms of the borrowing
Re: FG To Fund Budget Through Sukuk Bond by Dreadful: 2:52pm On Jan 23, 2016
I hope it's now clear without further arguments that Nigeria is an Islamic country

2 Likes

Re: FG To Fund Budget Through Sukuk Bond by funkyibodude(m): 2:54pm On Jan 23, 2016
mordsith:






walahi.......guy you deserve 200 bottles of chilled origim
as in ehh, I enjoy that APClyingBastard! He fits them zombies, always raw with facts.. Keep it up bro grin

2 Likes 2 Shares

Re: FG To Fund Budget Through Sukuk Bond by Nobody: 3:00pm On Jan 23, 2016
Jorussia:
If this govt is a useless Islamic government, what will call the govt of GEJ who took loan from the same Islamic bank and who even approved the commencement of the bank's operations in Nigeria?
.....GBAAAMMMMMMMMN! !!
Re: FG To Fund Budget Through Sukuk Bond by amusadele: 3:03pm On Jan 23, 2016
HiddenShadow:


Amen. I never knew some Nigerians are spiritually sensitive. God bless you. cool
Bless you too my dearest
Re: FG To Fund Budget Through Sukuk Bond by naijaforlife: 3:07pm On Jan 23, 2016
The worst state of unconscious intellectual sub-consciousness is when it gets blended with ethno-religious bigotry. The same people that frowns at labeling every drug related news from Malaysia or Indonesia, fake drugs from India or China, or human trafficking to Italy as predominantly synonymous with a particular region in Nigeria would be quick to point accusing fingers at any news relating to Islam without any further investigation or internet search to broaden their knowledge.

The greatest freedom is the freedom from fear. The ranting by non-Muslims especially SOME Christians on issues that relates to Islam at times makes me feel that nothing offer a better manifestation of their lack of understanding of the faith they profess. In such a weak state of religious conviction, they assume everything from the West is Christian whereas it is the contrary. Such manifestations only make Christianity appear to non-Christians as though the religion falls for everything West because it doesn't stand for something on its own. In any case, personally, I have met with friends and also have devout and true Christians in my family. Thank God for them. They and I, and people who think alike knows very well that nobody can 'religionize' Nigeria.

With due regards to the former CAN President, Pastor Ayo Oritsejafor who once threatened to open a Christian bank when Jaiz bank begins operation. Kindly check who are the majority of the main customers of Jaiz bank. I am sure Pastor Ayo's microfinance bank also operates on the compound interest principle which is one of the reasons Nigeria's growth has been retarded. The following quote was made by former Nigerian President, Olusegun Obasanjo at the G8 Summit in Okinnawa, Japan in 2000.

All that we had borrowed up to 1985 was around US$5 billion, and we have paid about US$16 billion. Yet we are still being told that we owe about US$28 billion. That US$28 billion came about because of the injustice in the foreign creditors’ interest rates. If you ask me what the worst thing in the world is, I will say it is compound interest!

Just in case you need to know about sukuk and countries that have issued and benefited from its underlying structure, check https://www.lancaster.ac.uk/media/lancaster-university/content-assets/documents/lums/economics/Sukukarticle-Izzeldin.pdf,
www.sukuk.com.

Thanks
Re: FG To Fund Budget Through Sukuk Bond by MagicBishop: 3:15pm On Jan 23, 2016
naijaforlife:
The worst state of unconscious intellectual sub-consciousness is when it gets blended with ethno-religious bigotry. The same people that frowns at labeling every drug related news from Malaysia or Indonesia fake drugs from India or China, or human trafficking to Italy as predominantly synonymous with a particular region in Nigeria would be quick to point accusing fingers at any news relating to Islam without any further investigation or internet search to broaden their knowledge.

The greatest freedom is the freedom from fear. The ranting by non-Muslims especially SOME Christians on issues that relates to Islam at times makes me feel that nothing offer a better manifestation of their lack of understanding of the faith they profess. In such a weak state of religious conviction, they assume everything from the West is Christian whereas it is the contrary. Such manifestations only make Christianity appear to non-Christians as though the religion falls for everything West because it doesn't stand for something on its own. In any case, personally, I have met with friends and also have devout and true Christians in my family. Thank God for them. They and I, and people who think alike knows very well that nobody can 'religionize' Nigeria.

With due regards to the former CAN President, Pastor Ayo Oritsejafor who once threatened to open a Christian bank when Jaiz bank begins operation. Kindly check who are the majority of the main customers of Jaiz bank. I am sure Pastor Ayo's microfinance bank also operates on the compound interest principle which is one of the reasons Nigeria's growth has been retarded. The following quote was made by former Nigerian President, Olusegun Obasanjo at the G8 Summit in Okinnawa, Japan in 2000.

All that we had borrowed up to 1985 was around US$5 billion, and we have paid about US$16 billion. Yet we are still being told that we owe about US$28 billion. That US$28 billion came about because of the injustice in the foreign creditors’ interest rates. If you ask me what the worst thing in the world is, I will say it is compound interest!

Just in case you need to know about sukuk and countries that have issued and benefited from its underlying structure, check www.sukuk.com.

Thanks


The Islamic banks sponsor and help channel cash for global jihadist terrorist groups.

Facts!

3 Likes 1 Share

Re: FG To Fund Budget Through Sukuk Bond by AlPeter: 3:25pm On Jan 23, 2016
adepiero:
In a religion sentimental country, the govt still refers to Islam. Allah Akbar
you deserve resounding slaps for this

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