sharpden:


http://www.socialtimesng.com/2016/10/fg-why-were-taking-n9-61tn-loan/

fighal:
You can fool all the people
some of the time, and some
of the people all the time, but
you cannot fool all the people
all the time.

PapaBrowne:
It is finished!!
The country is officially killed. Buhari has done it.

9.6 trillion Naira loan.

[size=13pt]
Before we even start discussing, I have just 7 questions.[/size]

1)Where is all the Subsidy savings?? Jonathan was said to have been paying hundreds of billions on subsidy.In 2013. There is supposed to be no more subsidy since the new price of N145. So where are all the subsidy savings?

2) Where is all the corruption savings? Since the previous government is accused of being terribly corrupt, and it is said that this government is corruption free, where are all the savings that should accrue from the new corruption free system?

3) Where is all the recovered loot? Why are we borrowing $10billion for reccurents when the government has boasted of recovered funds of $9 billion?

4) Where is all that 3 Trillion said to be locked up in the TSA account. Abi is the account under lock and key?

5) This government has borrowed N2.2 Trillion in the last one year. Where is that money, what was it used for and who was it given to.

6) The N9.6 Trillion in question, who are you borrowing it from. What are you using as surety. You aren't even certain anybody will give that money so why are you making plans deceiving yourself about it?

7) Finally, what the heck is your payment plan. Already we are paying almost 1 trillion for debt servicing on the meagre debt we have. If you add a gargantuan 9.6 Trillion, who is going today for that?

Buhari doesn't care because when the country crumbles he'll be too old or gone to face the consequences.

My gut feeling tells me the greatest heist in the history of Nigeria is currently going on right now under our very nostrils and except we start asking the right questions, we would not have a country to call ours in a few years from now.

PapaBrowne:
It is finished!!
The country is officially killed. Buhari has done it.

9.6 trillion Naira loan.

[size=13pt]
Before we even start discussing, I have just 7 questions.[/size]

1)Where is all the Subsidy savings?? Jonathan was said to have been paying hundreds of billions on subsidy.In 2013. There is supposed to be no more subsidy since the new price of N145. So where are all the subsidy savings?

2) Where is all the corruption savings? Since the previous government is accused of being terribly corrupt, and it is said that this government is corruption free, where are all the savings that should accrue from the new corruption free system?

3) Where is all the recovered loot? Why are we borrowing $10billion for reccurents when the government has boasted of recovered funds of $9 billion?

4) Where is all that 3 Trillion said to be locked up in the TSA account. Abi is the account under lock and key?

5) This government has borrowed N2.2 Trillion in the last one year. Where is that money, what was it used for and who was it given to.

6) The N9.6 Trillion in question, who are you borrowing it from. What are you using as surety. You aren't even certain anybody will give that money so why are you making plans deceiving yourself about it?

7) Finally, what the heck is your payment plan. Already we are paying almost 1 trillion for debt servicing on the meagre debt we have. If you add a gargantuan 9.6 Trillion, who is going today for that?

Buhari doesn't care because when the country crumbles he'll be too old or gone to face the consequences.

My gut feeling tells me the greatest heist in the history of Nigeria is currently going on right now under our very nostrils and except we start asking the right questions, we would not have a country to call ours in a few years from now.

NovusHomo:


Well, the Ineffectual Buffoon would have?

PapaBrowne:
It is finished!!
The country is officially killed. Buhari has done it.

9.6 trillion Naira loan.

[size=13pt]
Before we even start discussing, I have just 7 questions.[/size]

1)Where is all the Subsidy savings?? Jonathan was said to have been paying hundreds of billions on subsidy.In 2013. There is supposed to be no more subsidy since the new price of N145. So where are all the subsidy savings?

2) Where is all the corruption savings? Since the previous government is accused of being terribly corrupt, and it is said that this government is corruption free, where are all the savings that should accrue from the new corruption free system?

3) Where is all the recovered loot? Why are we borrowing $10billion for reccurents when the government has boasted of recovered funds of $9 billion?

4) Where is all that 3 Trillion said to be locked up in the TSA account. Abi is the account under lock and key?

5) This government has borrowed N2.2 Trillion in the last one year. Where is that money, what was it used for and who was it given to.

6) The N9.6 Trillion in question, who are you borrowing it from. What are you using as surety. You aren't even certain anybody will give that money so why are you making plans deceiving yourself about it?

7) Finally, what the heck is your payment plan. Already we are paying almost 1 trillion for debt servicing on the meagre debt we have. If you add a gargantuan 9.6 Trillion, who is going today for that?

Buhari doesn't care because when the country crumbles he'll be too old or gone to face the consequences.

My gut feeling tells me the greatest heist in the history of Nigeria is currently going on right now under our very nostrils and except we start asking the right questions, we would not have a country to call ours in a few years from now.

PapaBrowne:
It is finished!!
The country is officially killed. Buhari has done it.

9.6 trillion Naira loan.

[size=13pt]
Before we even start discussing, I have just 7 questions.[/size]

1)Where is all the Subsidy savings?? Jonathan was said to have been paying hundreds of billions on subsidy.In 2013. There is supposed to be no more subsidy since the new price of N145. So where are all the subsidy savings?

2) Where is all the corruption savings? Since the previous government is accused of being terribly corrupt, and it is said that this government is corruption free, where are all the savings that should accrue from the new corruption free system?

3) Where is all the recovered loot? Why are we borrowing $10billion for reccurents when the government has boasted of recovered funds of $9 billion?

4) Where is all that 3 Trillion said to be locked up in the TSA account. Abi is the account under lock and key?

5) This government has borrowed N2.2 Trillion in the last one year. Where is that money, what was it used for and who was it given to.

6) The N9.6 Trillion in question, who are you borrowing it from. What are you using as surety. You aren't even certain anybody will give that money so why are you making plans deceiving yourself about it?

7) Finally, what the heck is your payment plan. Already we are paying almost 1 trillion for debt servicing on the meagre debt we have. If you add a gargantuan 9.6 Trillion, who is going today for that?

Buhari doesn't care because when the country crumbles he'll be too old or gone to face the consequences.

My gut feeling tells me the greatest heist in the history of Nigeria is currently going on right now under our very nostrils and except we start asking the right questions, we would not have a country to call ours in a few years from now.

The Minister of Budget and National Planning, Udoma Udoma, said the plan would be funded majorly through a number of sources, namely sale of some national assets and advance payment by joint venture operators for license renewal[/b]s.


[b]Other sources included infrastructure concessions, use of recovered funds as well as long term, low interest loans to bridge funding gap.

The Minister of Finance, Kemi Adeosun, had also said as part of an external borrowing plan approved by the Executive Council of the Federation, the government would borrow cheapest available monies to fund key ongoing projects.

PapaBrowne:
It is finished!!
The country is officially killed. Buhari has done it.

9.6 trillion Naira loan.

[size=13pt]
Before we even start discussing, I have just 7 questions.[/size]

1)Where is all the Subsidy savings?? Jonathan was said to have been paying hundreds of billions on subsidy.In 2013. There is supposed to be no more subsidy since the new price of N145. So where are all the subsidy savings?

2) Where is all the corruption savings? Since the previous government is accused of being terribly corrupt, and it is said that this government is corruption free, where are all the savings that should accrue from the new corruption free system?

3) Where is all the recovered loot? Why are we borrowing $10billion for reccurents when the government has boasted of recovered funds of $9 billion?

4) Where is all that 3 Trillion said to be locked up in the TSA account. Abi is the account under lock and key?

5) This government has borrowed N2.2 Trillion in the last one year. Where is that money, what was it used for and who was it given to.

6) The N9.6 Trillion in question, who are you borrowing it from. What are you using as surety. You aren't even certain anybody will give that money so why are you making plans deceiving yourself about it?

7) Finally, what the heck is your payment plan. Already we are paying almost 1 trillion for debt servicing on the meagre debt we have. If you add a gargantuan 9.6 Trillion, who is going today for that?

Buhari doesn't care because when the country crumbles he'll be too old or gone to face the consequences.

My gut feeling tells me the greatest heist in the history of Nigeria is currently going on right now under our very nostrils and except we start asking the right questions, we would not have a country to call ours in a few years from now.

SillyMods:
May posterity be kind to us.

Read before commenting.

GEJ borrowed more than enough even when there was no need to. The IB borrowed when oil was above $100 per barrel when we should have had budget surplus.

Consolidated public debt stock in the Central Bank of Nigeria (CBN) annual report 2014 showed that between 2010 and 2014 the highest external loan by government was N1.65 trillion in 2014.

External debt for preceding years were N689.8 billion in 2010; N896.8 billion in 2011; N1.03 trillion in 2012 and N1.39 trillion in 2013.