Racoon:
So why is Nigeria still borrowing money even after mortgaging Nigeria into chronic indebtedness? Why is the economy in tatters? What is Nigeria's GDP today? This is the second major propaganda by this government today but it waterloo is imminent.

theoldpretender:


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.

Butterflyleo:


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

Butterflyleo:


Revenue cannot increase until infrastructure is complete. Its the same infrastructure that will generate the revenue. (ECONOMICS 101)

This is why the government is aggressively pushing infrastructural development and were very angry when NASS cut infrastructural budgets to the extent they had to quickly block the cuts with a special fund so that those critical infrastructure do not suffer.

When they are finished, then the story changes.

theoldpretender:


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.

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.

toby2:

which infrastructure are they investing in pls, i just wanna know

post=72067031:
GOD BLESS OUR PRESIDENT MUHAMMADU BUHARI

post=72067031:
GOD BLESS OUR PRESIDENT MUHAMMADU BUHARI

Butterflyleo:


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.

Butterflyleo:


He borrowed so that he can handle the critical infrastructure your PDP abandoned over a period of 16years.

He borrowed for investments. He did not borrow for liabilities which was what your GEJ did when he borrowed.

13 trillion invested into infrastructure pays itself over time.

Its like you borrowing 5 million naira to invest in a business and then paying back the loan from the profits you make from that same business.

Will you say you have mortgaged your life over such an investment?

CodeTemplar:
He borrowed but most project that passed 50% completion in GEJ tenure aren't complete yet.

CodeTemplar:
Which of the above listed project is functional and tell us where the FG built modular refineries are located please.

PHILipu1:

Lol.
Econometricians that looted our treasury from 1999 to 2007?
God forbid.

Racoon:
So why is Nigeria still borrowing money even after mortgaging Nigeria into chronic indebtedness? Why is the economy in tatters? What is Nigeria's GDP today? This is the second major propaganda by this government today but it waterloo is imminent.

Butterflyleo:


He borrowed so that he can handle the critical infrastructure your PDP abandoned over a period of 16years.

He borrowed for investments. He did not borrow for liabilities which was what your GEJ did when he borrowed.

13 trillion invested into infrastructure pays itself over time.

Its like you borrowing 5 million naira to invest in a business and then paying back the loan from the profits you make from that same business.

Will you say you have mortgaged your life over such an investment?

Butterflyleo:


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.

CodeTemplar:
Lies destroys. Stop it.

uchwar1:
i wish this is true. However, could you Pls mention the infrastructures

Butterflyleo:

Are you alright at all? What lies?

CodeTemplar:
Many lies.

Butterflyleo:


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

Butterflyleo:


Keep fooling yourself

uchwar1:
it is cool. but does he actually need to borrow that much before he accomplish all that?

CodeTemplar:
Where is the alleged govt owned modular refinery in Asaba? Stop the lies.

Butterflyleo:


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

Butterflyleo:


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.

CodeTemplar:
Since when has donation of land equal the project itself? You must be sharing a stick with an elephant.

Racoon:
So why is Nigeria still borrowing money even after mortgaging Nigeria into chronic indebtedness? Why is the economy in tatters? What is Nigeria's GDP today? This is the second major propaganda by this government today but it waterloo is imminent.

neweraomo:
open your mouth

PassingShot:

Do you have evidence for this claim?