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Nairaland Forum / Nairaland / General / Politics / $30bn Loan: FG Turns To IMF, World Bank (8052 Views)
Shocker: FG Turns Accused to Witness Against Dasuki, Dasuki Granted Bail / FG To Nigerians: Prevail On Senators To Approve $30bn Loan / Confusion Over Buhari’s $30bn Loan Request (2) (3) (4)
Re: $30bn Loan: FG Turns To IMF, World Bank by fuckingAyaya(m): 8:50am On Dec 09, 2016 |
ivandragon:is you that will pay it back abi |
Re: $30bn Loan: FG Turns To IMF, World Bank by ivandragon: 9:00am On Dec 09, 2016 |
fuckingAyaya: if you have nothing meaningful to contribute, you don't have to comment. 1 Like |
Re: $30bn Loan: FG Turns To IMF, World Bank by Nobody: 9:06am On Dec 09, 2016 |
The cursed nomad 'll sink nigeria, if not TIMELY checkmated! Dude is d.aft & lacks the charisma to manage even ordinary kiosk! Pathetically bereft of ideas! 1 Like |
Re: $30bn Loan: FG Turns To IMF, World Bank by Saintp(m): 9:09am On Dec 09, 2016 |
How has PMB drastically cut the current extravagant cost of governance? Has he cut his feeding budget from billions to millions? what bill has he sent to the NA to force a drastic cut in allowances and waste on govt at all levels? You can't just start taking loans that would affect our unborn children just yet without first doing an in-house sanitization of the system. Let us see a drastic change in cost of maintaining this govt and we can be rest assured that it wouldn't be a waste. As it stands now, there is no difference between the waste of last govt and this one. The extravagant system he inherited is still in place. 5 Likes |
Re: $30bn Loan: FG Turns To IMF, World Bank by basadenet: 9:15am On Dec 09, 2016 |
Nigerians don't need this loan now, to me it is just an avenue for some people to make money. |
Re: $30bn Loan: FG Turns To IMF, World Bank by Kingbuhari(m): 9:23am On Dec 09, 2016 |
9jakohai: Buhari should be searching for homegrown solutions to Nigeria’s problems, his government was busy hobnobbing with international financial institutions IMF and World Bank, which, according to him, are the same institutions promoting capitalism in most parts of the world, Nigeria’s governing class does not understand the historical path of the capitalism it is embracing; it is a clear exercise in self-delusion. the current recession is self-imposed, a situation that has made the economy cash strapped. “The economy would continue to bleed and our people would be driven further into perpetual state of need and slavery. manufacturing sector would become moribund and small and medium scale industries would then fizzle out. The economy would become uncontrollable import-oriented and the magnitude of descent into slavery would be unimaginable. |
Re: $30bn Loan: FG Turns To IMF, World Bank by Nobody: 9:55am On Dec 09, 2016 |
Let's borrow now |
Re: $30bn Loan: FG Turns To IMF, World Bank by abumeinben(m): 10:07am On Dec 09, 2016 |
ivandragon: So who's gonna service the loan once this adminstration is out of office? And you sighted rail conveyor of gas to run powerplants. Where will the gas come from? Have those guys been signed a "treaty of peace" with the government? You don't understand the basic problem with this country. Continuity. This is why Lagos state is ahead. |
Re: $30bn Loan: FG Turns To IMF, World Bank by wink2015(m): 10:09am On Dec 09, 2016 |
I agree with the economist that the major way out of Nigeria economic recession is to borrow more money and spend wisely to grow our economy. But in the case of Nigeria, the structure is not even there and the northern leadership led by President Buhari has refused to accept restructuring of the country. So borrowing this money to spend is just like pouring water on rocks it will not penetrate the economy to grow the economy. Buhari will only leave huge debts for generation unborn to pay. No wonder governor Fayose was sending a note of caution to Buhari and Saraki to trend softly in the area of external borrowing of money. 1 Like |
Re: $30bn Loan: FG Turns To IMF, World Bank by ivandragon: 10:23am On Dec 09, 2016 |
abumeinben: who is servicing the loans taken by GEJ? who serviced the loans taken by previous governments? the Lagos you referred to, if PDP had won, would they stop servicing the loans? you see, some people are threading the same path of those who were against subsidy removal in 2012 just to spite GEJ & today, they ask why money wasn't saved conveniently forgetting that one of the avenues that money could have been saved was kicked against. they were pennywise, pound foolish. now, we need a loan to get out of the quagmire we are in, you are standing against it, by 2018 when the country is finally cremated, you will ask why didn't the government borrow to prop up the economy or develop infrastructure. if your concern is that the loan will be mismanaged, fine, I can share that concern. |
Re: $30bn Loan: FG Turns To IMF, World Bank by ivandragon: 10:28am On Dec 09, 2016 |
And you sighted rail conveyor of gas to run powerplants. Where will the gas come from? Have those guys been signed a "treaty of peace" with the government? read the last part of my submission where I clearly stated that there is a disconnect between governance & resource management. in fact, if we want to delve deeper, we can that the country needs to be restructured before any loans can be taken. & the rail line was just for the sake of analysis. but I get your point. |
Re: $30bn Loan: FG Turns To IMF, World Bank by ephi123(f): 10:38am On Dec 09, 2016 |
WOCKHARDI: Well said! A government that is not accountable wants to borrow such huge sums, to loot into their private pockets and generations to come. No way. |
Re: $30bn Loan: FG Turns To IMF, World Bank by awesomet1(m): 10:40am On Dec 09, 2016 |
MrEverest: Well said Bro, well said. 1 Like |
Re: $30bn Loan: FG Turns To IMF, World Bank by ofeco: 10:54am On Dec 09, 2016 |
I could remember vividly when this man told the world that 2016 budget would be financed with recovered loot. the only thing we hear is "full federal might to win muya LGA ,"" I want to borrow trillions " "be patient with my Govt." . |
Re: $30bn Loan: FG Turns To IMF, World Bank by bashydemy(m): 12:08pm On Dec 09, 2016 |
MrEverest: Shut up jor Mr man, Where are you when GEJ keep borrowing up and down despite make huge from the crude oil? You and your likes are just ranting based on the fact that you hate PMB abi? You can wail till Eternity the IMF will be so happy to approve the loan.. |
Re: $30bn Loan: FG Turns To IMF, World Bank by orisa37: 1:03pm On Dec 09, 2016 |
Nigeria doesn't need external Dollar borrowing. Nigerians can raise internal Naira borrowings of unlimited amount to finance any Projects for Nigeria. And when you raise it internally, you'll be augmenting Naira values positively and thereby contributing favourably to Buharis Policy Thrust. |
Re: $30bn Loan: FG Turns To IMF, World Bank by datribune: 1:07pm On Dec 09, 2016 |
Wit all d controversy surrounding dis year's budget, it is surprising that Udo Udoma who supervised dat scandal should still be minister of Budget & planning. He will be supervising dis year's budget also. If d war on corruption is real, how come dat no one was punished for creating various fake versions of d 2016 budget?. |
Re: $30bn Loan: FG Turns To IMF, World Bank by Nobody: 1:11pm On Dec 09, 2016 |
bashydemy:Must PMB do everything that GEJ did wrong? Sincere people that understands international politics and economy like OBJ, Emir Sanusi, and Femi Falana has advised PMB against borrowing this loan as it will further add to our problems. The IMF I know will compelled the Federal Government to embarked on anti-people policies before giving the loan. With the present economic team of PMB that cannot even prepare a simple budget, any money borrowed will be squandered to the detriment of Nigeria. |
Re: $30bn Loan: FG Turns To IMF, World Bank by bashydemy(m): 1:34pm On Dec 09, 2016 |
egbonnla: LOL but you and your likes want Magic from PMB how do you want him to turn the economy around? even developed countries are depending on loans. |
Re: $30bn Loan: FG Turns To IMF, World Bank by Nobody: 1:45pm On Dec 09, 2016 |
bashydemy:The average oil price throughout the tenor of OBJ was less than $50 per barrel. Also during OBJ tenor, Nigeria was not producing much oil as we are even producing today because there was also militancy and massive oil theft. Please note that OBJ did not borrow but even paid off our past debt. OBJ was able to manage our economy because he assembled a formidable economic team. There is no justification for PMB to borrow a dime ........... |
Re: $30bn Loan: FG Turns To IMF, World Bank by greenermodels: 1:56pm On Dec 09, 2016 |
Saintp:the personal feeding allowance of gej last budget was 500million and gmb increased it to 1.75billion, the vp extension to the aso rock clinic costs more than the entire budget for the teaching hospitals in the country, the vp library purchase of books costs more than the budget for the purchase of books for the entire libraries in our federal universities. the presidential article of the 2016 budget was so inflated that it would make you shed tears of blood. you can dig up the old threads here on nairaland. |
Re: $30bn Loan: FG Turns To IMF, World Bank by abumeinben(m): 2:11pm On Dec 09, 2016 |
ivandragon: I'm surprised you believe these unprepared folks you call government. Are we in recession because there's no money? No! We're here because cash flow is limited, diversification is trashed to the dustbin. All is oil..oil. I don't do Politics so I support no one. At least during GEJ era, we could see agriculture booming, we could see other ministries working, not just oil. This adminstration is filled with people who don't know thier job roles, totally disorganized. Remember when the first rumor came that we're now in recession sometime early this year, CBN kept mute, ministry of finance kept mute, it was minister of transportation that came out to deny it, giving grounds upon which a nation is receding. Totally confused set of people and you're defending them. Bro would have been the best if he had Jonathan team. |
Re: $30bn Loan: FG Turns To IMF, World Bank by ivandragon: 3:51pm On Dec 09, 2016 |
abumeinben: do you read my comments fully before you reply? I ask because I find it insulting that you would infer that I am defending this regime (note the use of the word regime), especially as I made it clear that this regime has resource management issues. I believe our discussion, ab initio, centred around the viability or not of taking a loan (one that is less than the proposed $30b), regardless of who was in charge at the helm & not about defending or supporting the government. if your argument centres around this regime & its composition of clowns, then I beg to be excused, I cannot defend incompetence please. however, if its about the loan itself, apropos of the government in charge, then I stand on my point that taking a reduced loan is a step in the right direction compared to the alternatives. for instance, is it right to give alms to the needy? of course, we would agree it is OK. then, is it right to give alms to the needy who might use it to drink & squander? probably not, but that doesn't take away the fact that the needy needs help & would normally be eligible to receive such help... |
Re: $30bn Loan: FG Turns To IMF, World Bank by abumeinben(m): 4:20pm On Dec 09, 2016 |
ivandragon: Oh...then we're on same page bruh. These people, with hats of incompetences, won't micromanage the said loan. So why giving the go ahead? Sure we need a loan, but not such bogus amount that would be later unaccounted for. |
Re: $30bn Loan: FG Turns To IMF, World Bank by bashydemy(m): 5:06pm On Dec 09, 2016 |
egbonnla: I love it when people show how daft they are. How old are you during the regime of OBJ? How many people are you feeding then and how many are you feeding now? How much is the minimum wages then and how much is it now? How much is each states allocation then and how much is it now? You are 8yrs older from when OBJ left power and now... OBJ came to power 1999 meaning you are 16yrs older from he took power and now... My question is are you using a laminated brain? |
Re: $30bn Loan: FG Turns To IMF, World Bank by Nobody: 7:00pm On Dec 09, 2016 |
bashydemy:I am not surprised because Zombies like you have lost their sense of reasoning. If being daft is taking the same position with men like Emir Sanusi, OBJ and Soludo who had voiced their opinion against PMB's plan to borrow, then you need a brain reset. I am sure that if PMB woke up tomorrow and declare that borrowing is not the best for Nigeria,brainless people like you will change their opinions and support him without asking question. What a disgrace! |
Re: $30bn Loan: FG Turns To IMF, World Bank by bashydemy(m): 7:07pm On Dec 09, 2016 |
egbonnla: LOL voice changer hahaha, You mean same Soludo who is nursing his own ambition of being a VP to Atiku will advice PMB on what to do to jeopardize his ( Soludo) ambition? You can wail all you likes, Your brothers should continue bombing, Buhari will get that loan and put your likes to shame.. |
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