Sibrah:
Was there no "next generation" when Jonathan was borrowing with high oil prices?



You have a point man . . . But then Buhari is still a far better option to the agbada-men in power today.

greatjoey:


What could be wrong with the brains of our youth lately? Must everything be politicised? If Jonathan failed as we alleged, must we stay and watch Buhari do same? Fine, Jinathan's administration was engulfed with so much looting. This government made us believe so. The government also made us believed that a lot have been recovered from the looters of the past administration. Why borrow $29 bn when we have recovered so much from the alleged looters? Let's think and figure things out with our brains and not anus.

ephi123:


Sit down there still be blaming Jonathan.

ehissi:
This is my analysis from a previous thread

The current Budget is #6.07trillion, you say you have a deficit of #2.2trillion - meaning, you have no idea how or you do not have the means to generate #2.2trillion.

Then you send a request to borrow $29.9billion - which is #9.06trillion at official rate Ooh, parallel market rate is over #14trillion - meanwhile there is no clear economic blueprint available to describe in detail how the cash will be utilised to get us out of this economic turbulance and you are expecting sane human beings to approve such foolishness......

If all you are looking for is #2.2trillion why borrow #9.06trillion?? After all, you told the world that you have recovered #3.64trillion from looters, what are you looking for loan for?

Meanwhile, his mumu minister of communications is asking for $550million to put a Satellite - abi na flash-drive - in Space for data storage.

In my own opinion, Its this type of wastages, that they want to use to pay gbese for 2015 elections and recent elections in edo as well as upcoming elctions in ondo that they want to use a significant portion of that money for. And I am happy it wasn't approved.

[size=13pt]Except it is a lie, they should use the #3.64triilion recovered to fund budgetary deficit.......[/size]

I am not even talking about the monies that they claimed to have allegedly saved in billions from removing subsidy and from TSA and other things that Lai Mohammed, Amaechi and Vice President "Osunbade" have been presenting as facts to the media.

Does anyone even realise that the $29.9billion is even higher than our foreign reserves??

Nonsense and Ingredient..........


Plus!! The story on ground is that 2016 budget has hit 79% implementation. That #4.79trillion.

So what we need for 2016 is about #1.27trillion. Why borrow #9.06trillion??

The numbers don't add up. Buhari is hiding something. And why hasn't the auditor -general of the federation been appointed??

These people want to do abracadabra again Ooooo:!!

Plus!! The story on ground is that 2016 budget has hit 79% implementation. That #4.79trillion.

DabuIIIT:


which abacha loot,didnt ur hero buhari said "Abacha never stole a dime?"
hypocrite

no loan for the kill-and-divide systematic thief dullarpo..

biaframustcome:
Buhari want to borrow money, the question is where is the economic plan, where is the blueprint?

ballbearing:
Don't u think it's a subtle plan for APC's continuity beyond 2019 if the money is eventually given? They would tell you to vote APC to finish the 'on-going projects'

GodIsFoolish:



mumu, where is SE mentioned there? you think anybody who criticizes the president is from SE?

bikefab:
Buhari is looking for acheivements that will come easy. Just borrow $30bn, tarr roads, build bridges and railways, Take credit for all the infrastructures he'll build on loans which succesive govt of 3 generations might not be able to pay back. Then pack his loads and leave aso rock by 2019. People r wicked o.

Sibrah:
I only flipped you own analogy against your hero. Don't be too pained bro . . .

Danpotter:
What about the N600b he borrowed from china, the recovered loots , can the ass account for any capital project, but he has done well in ruining the education sector, bastardizing the naira , pushed Nigerians to famine, massive loss of jobs. Now becomes he feels his an emperor he wants to take a loan running in trillions, when his old ass will be in the grave before its payable.

egbonnla:
We should genuinely be worried about the lackadaisical attitude of this administration. What manner of a government will present request to borrow $29.9billion to the senate without attaching blue prints on how the money will be spent?

ephi123:


No one is my hero, least of all Jonathan. Focus on the topic which is about your lord and master borrowing ridiculous amounts of money.

Sibrah:
Ridiculous borrowing is when oil sells for $120+pb, benchmark is $78pb and there is borrowing. Get it?

obailala:

N3.64tr has been seized from people under investigation but that does not mean N3.64tr is disposable income available to the govt to spend especially when the cases are all still in court. And of course, before those protracted court cases come to an end (for the money to be available), the nation still needs to move forward. Meanwhile the official statement on the funds recovered was clear on this, actual cash recovered is less than N150bn total. We must learn to read beyond catchy headlines and read the true contents of reports, else we end up confusing ourselves. http://www.thisdaylive.com/index.php/2016/06/05/keeping-his-promise-buhari-announces-recovery-of-n3-4-trillion-in-one-year/

Once again, it's important that you read beyond the 'sweet' but misleading title of any report you come across. 79% was on a pro rata basis for the first 3 quarters of the year, so it's actually N3.6tr spent, not N4.79tr. Not that it matters though.

Finally, the planned borrowing isn't for 2016 budget, its for 2016 to 2018, the intention is to secure the loans early enough to prevent the same mess (delays) of 2016 reoccurring..

lielbree:
Thank God for the Senate!

God punish the mallam daura cartel

ehissi:


Chairman!! You can lie for africa sha!!!

The people that want to borrow, say they are doing it for to fund infrastructure deficit.

You come dey add 2018 budget, whey no even dey set.

Meaning, 2018 budget draft has already been set??

Abi is this Lai Mohammed!!??

Government said they have recovered #3.64trillion in cash/assets, you dey talk your own village parade.

By your own assertion the government lied and no recovery was made, because if the investigations turn no solid leads or they lose the court cases; then they will most likely return such seized cash/assets

I tire for you Oooh. In any case, in the absence of an auditor general, all Buhari's moves to seek loan cannot sail through.

Due process requires his/her approval, common sense demands that a loan with no clear cut details on implementation nor repayment plan should be bounced.

Thank God for a living National assembly....

Sibrah:
To do what jonathan did with the debt he left us . . .



Please tell me, Was there no Abacha loot when Jonathan was busy borrowing? Keep the hate going pls . . .




I thought some persons claimed the SE was excluded from the projects the loan was being prepared for. If the details of the loan isn't known, how did the SE conclude that the projects doesn't include them?
Maybe the govt should prepare a Bill of Quantity (BoQ) detailing things like cements, nail, gravel and labour for the wailing senate.

egbonnla:
Please read the post. Even the Adviser to the president admitted the error of the presidency. Why are you crying more than the bereaved?