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Nairaland Forum / Nairaland / General / Politics / Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming (10494 Views)
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Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by Blue3k(m): 5:24am On Jan 25, 2020 |
The Minister of Agriculture and Rural Development, Sabo Nanono, says the federal government will obtain $1 billion from foreign banks to purchase farming equipment for local farmers in the country. Source: https://www.premiumtimesng.com/news/headlines/374241-nigerian-seeks-1-billion-loan-to-boost-mechanised-farming-minister.html 3 Likes 1 Share
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Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by money121(m): 5:26am On Jan 25, 2020 |
Welldone ooo after the booasting now to return the loan na wahala 1billion dollar continue ![]() 26 Likes 1 Share |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by Nobody: 5:29am On Jan 25, 2020 |
90% of the funds meant to buy farming equipment will be looted. There is no transparency in the procurement system. And the government will later come to tell us they bought a certain number of equipment for audio farmers. 57 Likes 2 Shares |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by Blue3k(m): 5:37am On Jan 25, 2020 |
Mechanization is a major reason Nigerian farmers aren't productive. If you look at rice yeild outputs you'll notice Nigerians lag behind lots countries. I believed Nigeria should copy India's policy on farm mechanization by renting out farm equipment. I'd also like to know if these service centers are government run or private sector. In India, custom hiring was a key initiative Anyway I dont like the borrowing. The government has shown it doesn't take these debts seriously. The best example is the rail with subsidized ticket cost. I would like an alternative method for increasing Mechanization. 9 Likes 2 Shares
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Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by mrvitalis(m): 5:50am On Jan 25, 2020 |
I wonder how its hard for us to raise money for important things that would help the masses 200bn for university ,money for road construction etc But easy for them to raise money they can steal like subsidy ,election and the rest If you still think buhari us different then you must be the dumbest person on earth 51 Likes 1 Share |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by Blue3k(m): 6:31am On Jan 25, 2020 |
Mr Nanono said only seven tractors are available per 100 square metres in Nigeria, unlike in Kenya that has 700 tractors per 100 square metres. Did the Kenyan government have to borrow billions to get ahead? 14 Likes |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by ForeThinker: 6:31am On Jan 25, 2020 |
Again ?? 5 Likes
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Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by MarkT30: 6:32am On Jan 25, 2020 |
Ok. Nice one 5 Likes |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by englishmart(m): 6:32am On Jan 25, 2020 |
Nigeria borrows for just everything. We'll soon borrow to boost low-sperm-count 10 Likes |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by ignis: 6:32am On Jan 25, 2020 |
By the time Buhari and his administration finished with this country, we will all be collateral. 23 Likes 1 Share |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by Nobody: 6:33am On Jan 25, 2020 |
Nigeria and borrow borrow tactics 1 Like |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by chical: 6:33am On Jan 25, 2020 |
Hmmm.... These people wants to loan our future away |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by helinues: 6:35am On Jan 25, 2020 |
Average African leaders in position are not creative enough to think outside the box on how to generate extra income excepts they go for loans 5 Likes |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by Kingbenn(m): 6:35am On Jan 25, 2020 |
Must we borrow to run everything in his country ?? |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by abbaapple: 6:35am On Jan 25, 2020 |
![]() Trust Government at your own peril!!! ![]() |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by lonelydora: 6:39am On Jan 25, 2020 |
Borrow borrow administration. Buhari is also wants to borrow from Pension fund. Every worker should ask a matter of urgency kick against tampering with their pension. 1 Like |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by ursullalinda(f): 6:40am On Jan 25, 2020 |
Hahaha.....jokers.....another means to siphon money......I miss the Agricultural minister under Gej. 2 Likes |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by Ustec: 6:40am On Jan 25, 2020 |
It is true that you can't be successful without seeking for more capital to run a business, But this depends on the individuals capability to effectively manage the capital to run the business. I hope they will make judicious use of the capital without embezzling it. Until the government establishes and passes a bill that will strictly prevent public servants from embezzling public funds, Corruption will never reduce to it's barest minimum. Every human is born selfish by nature,even a baby that doesn't know the difference between right and left still want to have everything to himself/herself. 2 Likes 1 Share |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by SoNature(m): 6:40am On Jan 25, 2020 |
Buhari kuku kill everyone with borrow-borrow! |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by midnighter(f): 6:40am On Jan 25, 2020 |
Blue3k: Thank you. And that is also a major reason for our general lack of progress. Technological advancement in agriculture is what moves a nation into the big leagues. When I said this to somebody the person started writing paragraphs smh |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by Rosskiye: 6:40am On Jan 25, 2020 |
RuudVanNisteroy: BULLSHIIT. Every sane Nigerian knows the Buhari administration does NOT do ''90% looting" of any project. If you have any example to disprove me, NAME IT NOW or forever shut your trap. You must be mistaking this for the Jonathan administration. 1 Like |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by upower123(m): 6:41am On Jan 25, 2020 |
It is finished.. The next-generation will paid debt their father know nothing about.. So sad.. Every day we borrow to do every work.. But nothing on sight... |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by Blue3k(m): 6:42am On Jan 25, 2020 |
midnighter: Some people like being primative. I had the same type of people arguing with me in annother thread I dedicated to this topic. There's other core issues like irrigation, bad roads, storage and land use act which hinders farmers access to credit. |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by optimistD(m): 6:42am On Jan 25, 2020 |
Borrowing again? Which kind problem be this? I wonder why they still lend to Nigeria. |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by solmusdesigns: 6:43am On Jan 25, 2020 |
![]() Nigerians Politicians are sometimes daft, with less than $1bn USD or N360 billion NGN, Nigerian government can build a tractor manufacturing plant close to Ajaokuta and it would serve all our tractor and heavy machinery needs at very cheaper rate, and we might start selling to other african countries making good forex . 16 Likes 1 Share |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by Rosskiye: 6:44am On Jan 25, 2020 |
helinues: The USA is the world's largest debtor nation. Currently owing $23.16 TRILLION. I guess their leaders ain't super creative either, so we're in good company. 1 Like 1 Share |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by crackhouse(m): 6:45am On Jan 25, 2020 |
Na APC go kill this country finally. 2 Likes |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by helinues: 6:46am On Jan 25, 2020 |
Rosskiye: Copy copy no dey pass,, hope you are aware of that 5 Likes |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by Rosskiye: 6:47am On Jan 25, 2020 |
helinues: We're not copying them. We don't even owe 1 trillion dollars talk less of 23 trillion. We just owe 68 billion dollars, so we're good. 1 Like |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by adecz: 6:47am On Jan 25, 2020 |
Borrowing & taxing na the only economic policy this yeye Fulani government sabi. ![]() ![]() 3 Likes |
Re: Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming by alexispaul(m): 6:48am On Jan 25, 2020 |
Gradually selling the nation into slavery again. I weep for the future of this nation 1 Like |
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