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Nairaland Forum / Nairaland / General / Politics / 4 Years And N21 Trillion In Loans- Buhari And Apc's Projects (583 Views)
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4 Years And N21 Trillion In Loans- Buhari And Apc's Projects by debaj10: 11:39am On Apr 18, 2019 |
in addition to other FG earnings: oil and gas sales, taxes, services, etc. oya, APC pipu- election do finish. make una give accolade to bababubu: list all d projects wia him spend all d moni. wit source o! cari go. … and all u badbele pipu: mouna comot hand 4 dis thread o! les avoid distrakshun. lala, mynd44 d idea make sense na. |
Re: 4 Years And N21 Trillion In Loans- Buhari And Apc's Projects by cornerplus: 11:44am On Apr 18, 2019 |
debaj10: Oil exploration over 100billion which NNPC has earmarked as a continuous project until oil is found $1 Billion for weapons to combat boko haram 3 Likes |
Re: 4 Years And N21 Trillion In Loans- Buhari And Apc's Projects by debaj10: 9:04pm On Apr 18, 2019 |
cornerplus:ok das N400 billion. mouna join una own na |
Re: 4 Years And N21 Trillion In Loans- Buhari And Apc's Projects by cornerplus: 9:05pm On Apr 18, 2019 |
Re: 4 Years And N21 Trillion In Loans- Buhari And Apc's Projects by grandstar(m): 9:17pm On Apr 18, 2019 |
The problem isn't the loan itself but ability for the country to service it. If the country's economy was growing fast, the debt to GDP ratio may even be reducing as the country borrows. Also, the interest payments on the debts are high. Treasury boobs yields are in double digits. Commercial bank rates are higher. Dollar denominated debts may look cheaper but very deceptive. If the naira should suffer a devaluation, the cost of servicing jumps. A devaluation may lead to a mass exit of bondholders out of Nigeria worsening any fall. The only cheap debt are those from China, the World Bank and other multilateral institutions. However, even Chinese debt may become a burden if not careful. The case of Sri Lanka should not be forgotten. It is imperative that fast economic growth is achieved as this makes any borrowing easier to swallow. 1 Like |
Re: 4 Years And N21 Trillion In Loans- Buhari And Apc's Projects by Atlanticfire: 9:51pm On Apr 18, 2019 |
grandstar: Nor bi dis your grammar. The OP question is simple, after 21 trillion naira loan and revenue from oil, taxes and what not, list the projects that the hugh amount of money was used for |
Re: 4 Years And N21 Trillion In Loans- Buhari And Apc's Projects by grandstar(m): 10:37pm On Apr 18, 2019 |
Atlanticfire: No wahala. Most of the money has gone to servicing of the debt and recurrent expenditure. The government is running large budget deficits and needs loans to plug it. Only some portion of the debt is used for infrastructire.and capital projects that |
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