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Nairaland Forum / Nairaland / General / Politics / Nigeria Not In Debt Crisis At The Moment—dmo (6580 Views)
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Re: Nigeria Not In Debt Crisis At The Moment—dmo by Nobody: 8:26am On Oct 14, 2018 |
spits!.....with NOTHING tangible to show for a whooping 13 trillion in 3 years? ..... NIG MUST BE URGENTLY RESCUED FROM THE DIABOLIC /CLUELESS CLAWS OF THESE COW-BRAINS! |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by theoldpretender(m): 8:26am On Oct 14, 2018 |
Racoon: 1.Our economy is reliant on oil 2.We need oil to be at $140 per barrel to run a balanced economy 3.Oil has been at $30-81 in the last 3 years. 4.Hence , we have to borrow money to make the difference. And we have to pay off previous debts too. 5.The way forward is simple...we have to get off oil. |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by Butterflyleo: 8:34am On Oct 14, 2018 |
theoldpretender: Exactly! Which is why there is an aggressive drive in the agric sector by the FG. When there was no oil boom we thrived off agriculture . we have to go back to it |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by theoldpretender(m): 8:37am On Oct 14, 2018 |
Butterflyleo: Short term....agriculture and solid minerals is a good idea. The problem I have with them is that both sectors are subject to price rises and drops like oil.You also need to rely on more than one agricultural product....and then with agric, you need plenty of large scale modernized farming...not subsitience farming which needs large number of people to work (and even here in Nigeria...we still have to import food ) Long term.....we have to go industrial. Make things that people need. It works for many countries...and it would work for us, especially as we have the natural resources. |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by toby2(m): 8:38am On Oct 14, 2018 |
Butterflyleo:which infrastructure are they investing in pls, i just wanna know |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by Butterflyleo: 8:39am On Oct 14, 2018 |
theoldpretender: I think the industrial angle points at ajaokuta steel mills amongst others . But you know that this would be herculian though not insurmountable especially since OBJ and Atiku liquidated a lot if our assets and sold them off dubiously in their time. The infrastructural drive this FG is on right now I believe would eventually tackle that vacuum |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by Butterflyleo: 8:41am On Oct 14, 2018 |
toby2: Its obvious you just fell down from mars if you are yet unaware that rails, modular refineries, power plants, ajaokuta, etc are all being worked on as we speak with 4 modular refineries ready even now while the remaining 12 are being targeted for December. |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by marvinsync(m): 9:00am On Oct 14, 2018 |
post=72067031: I hate and wish u so much misery for this statement |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by CodeTemplar: 9:28am On Oct 14, 2018 |
post=72067031:Resident Zombie... |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by CodeTemplar: 9:30am On Oct 14, 2018 |
Butterflyleo:Which of the above listed project is functional and tell us where the FG built modular refineries are located please. |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by CodeTemplar: 9:33am On Oct 14, 2018 |
Butterflyleo:He borrowed but most project that passed 50% completion in GEJ tenure aren't complete yet. |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by Butterflyleo: 9:41am On Oct 14, 2018 |
CodeTemplar: Wrong. Those projects were at 13%, completion as revealed by Osita Chidoka during his debate with Tolu Ogunlesi on twitter where he embarrased himself and his party by exposing their ineptitude to the whole world. Are you not aware of this? 1 Like |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by Butterflyleo: 9:44am On Oct 14, 2018 |
CodeTemplar: Modular refineries are in Asaba. Some of the rail lines are already functional (Google is your friend) The power plants are already functional which is why we have a power increase now of 8000mw to give out unlike the 3000 to 4000 the FG met. |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by ibietela2(m): 10:27am On Oct 14, 2018 |
PHILipu1: Do you know what 42B Is? |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by Moukandjo: 11:12am On Oct 14, 2018 |
Racoon:Buhari met the GDP at 2.35% in May 2015 & it's 1.5% now. We all know Buhari has had to deal with oil price of as low as $29/barrel within his first 6 months of resumption. But you support an ineffectual buffoon from Otuoke that, despite the oil boom in his tenure, plunged our GDP growth from 7.68% in 2010 to 2.35%! Try get small shame! |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by uchwar1: 1:27pm On Oct 14, 2018 |
Butterflyleo:i wish this is true. However, could you Pls mention the infrastructures |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by CodeTemplar: 1:37pm On Oct 14, 2018 |
Butterflyleo:Lies destroys. Stop it. |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by Butterflyleo: 1:54pm On Oct 14, 2018 |
CodeTemplar: Are you alright at all? What lies? |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by Butterflyleo: 1:56pm On Oct 14, 2018 |
uchwar1: Rails, modular refineries, power plants, low cost housing in almost all states Some of the rails are already operational, 4 modular refineries already finished and another 12 expected by December. Some power plants are ready which is why we now have power production upgraded to 8000mw from the 3000+ mW PMB met. A visit to fasholas Facebook page would educate you on this |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by CodeTemplar: 1:57pm On Oct 14, 2018 |
Butterflyleo:Many lies. |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by Butterflyleo: 2:06pm On Oct 14, 2018 |
CodeTemplar: Keep fooling yourself |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by uchwar1: 2:09pm On Oct 14, 2018 |
Butterflyleo:it is cool. but does he actually need to borrow that much before he accomplish all that? |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by CodeTemplar: 2:16pm On Oct 14, 2018 |
Butterflyleo:Where is the alleged govt owned modular refinery in Asaba? Stop the lies. |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by Butterflyleo: 2:20pm On Oct 14, 2018 |
uchwar1: Yes he does. I said Rails (these rails are to link every part of Nigeria) 16 modular refineries (very expensive) Power plants ( I don't need to spell out the cost of this to you including the abandoned shiroro power plant) Federal low cost housing IN ALMOST ALL STATES ( This is a massive project) We cannot afford to stop the infrastructural drive now. Every nation is driven by infrastructure to ease movement of people and goods. This way, someone can live in Ibadan yet work in Lagos thereby decongesting the cities and taking development to the rural areas 1 Like |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by Butterflyleo: 2:35pm On Oct 14, 2018 |
CodeTemplar: Self deceptive PDP minions will never ever see the obvious even when it is in front of them. Even Anambra has tapped into the FG initiative on modular refineries
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Re: Nigeria Not In Debt Crisis At The Moment—dmo by CodeTemplar: 2:41pm On Oct 14, 2018 |
Butterflyleo:Since when has donation of land equal the project itself? You must be sharing a stick with an elephant. |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by toby2(m): 3:05pm On Oct 14, 2018 |
Butterflyleo:okay |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by Butterflyleo: 3:09pm On Oct 14, 2018 |
CodeTemplar: Why did you skip the other content of the first screengrab? Deceptive soul
|
Re: Nigeria Not In Debt Crisis At The Moment—dmo by bejeria101(m): 3:16pm On Oct 14, 2018 |
Racoon: No Mind them,this smear drama wont work. We knw better. |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by maxzzo1(m): 4:21pm On Oct 14, 2018 |
OK js at d moment but very soon it will.... |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by tabisegroup(m): 4:39pm On Oct 14, 2018 |
Re: Nigeria Not In Debt Crisis At The Moment—dmo by Blackfire(m): 12:06pm On Oct 15, 2018 |
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