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Nairaland Forum / Nairaland / General / Politics / Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA (66561 Views)
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Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by Taaooma6449: 2:19pm On Mar 06, 2020 |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by COMPAQ(m): 2:20pm On Mar 06, 2020 |
The other painful thing about this loan is that there is no clear plan to repay the funds. Left to me i would have tied the road projects to toll gates and then the revenue from the toll gates will by LAW be directed towards repayment of the loan. Also the revenue from mambilla power project would be directed towards paying the loan. At this rate Nigeria 's future will be mortgaged because Oil, which is our major forex earner could very well be $10 in 20 years time as renewable energy continues to take over.Where will the dollars to pay all this come from ![]() And as is typical of Nigeria, everybody around Buhari will just be nodding their heads and saying "yes Sir". Nobody will have the balls to tell him that unless there is very detailed and clear cut structure around this loan, it will not do us any good! The only safeguard is that a huge chunk of it will be executed by the Chinese i.,e railroads and Mambilla and to be fair, they do execute their projects under the Chinese Export bank projects. |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by solmus: 2:20pm On Mar 06, 2020 |
DexterousOne: when a child continues to reject drugs offered for his or her health, when such child start convulsing you laugh in case you aint here some of us have being here for long and we tell ibos the gospel truth, but the shrug and pull out insults, now its slowly happening they are complaining 1 Like |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by Metrofox(m): 2:20pm On Mar 06, 2020 |
solmus: Before you talk about abacha loot hope you accounted for inflation |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by DexterousOne(m): 2:20pm On Mar 06, 2020 |
Esseite: That solmus guy does not have sense Domt mind him 2 Likes 1 Share |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by Elxandre(m): 2:21pm On Mar 06, 2020 |
tiredoflife:Not everyone can be entrepreneurs. How many times will they tell you people? You guys talk as if business is that easy to start. If everyone opens a startup, who will patronize whom? 1 Like |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by Korllami007: 2:21pm On Mar 06, 2020 |
$500 million dollars to digitalize NTA. LOL This money will start and finish CNN and dstv combined from scratch. Last last, na $10 billion dollars dem go use and the remaining go enter buhari and Co's pocket. Na die we dey for country. |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by solmus: 2:22pm On Mar 06, 2020 |
DexterousOne: you that have so much sense ![]() 1 Like |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by solmus: 2:23pm On Mar 06, 2020 |
Metrofox: sure I quoted bloomsberg release figures |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by DexterousOne(m): 2:23pm On Mar 06, 2020 |
solmus: What does this even mean? 1 Like |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by obailala(m): 2:23pm On Mar 06, 2020 |
COMPAQ:The East West road is actually just Warri to Ikot Abasi (Eket Junction), and the truth is that current work done cant be much more than 50%.... $800m though is weird. N100bn sgould compleye the job. |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by solmus: 2:25pm On Mar 06, 2020 |
DexterousOne: politics is about participation, boycotting elections and voters registration because of kanu is not only foolish it has consequences like this 1 Like |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by bmdmixer: 2:27pm On Mar 06, 2020 |
and none on security abi its on page two looking for a studio to record ur songs? wanna upload ur tracks www.soundlala.com, house 10 got u covered dial 090 7525 2828 LAGOS |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by DexterousOne(m): 2:27pm On Mar 06, 2020 |
tiredoflife: Nigeria is screwed two ways. Most businesses fail in Nigeria due to the hostile environment And many who get a degree wont get jobs, due to the quality of education and the economy being screwed up too So either path one takes The risk of failure in Naija is high 1 Like |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by Grandeur2015: 2:29pm On Mar 06, 2020 |
fergie001: I'm very displeased even with the cries and pleadings this Government is bent on destroying the future of Nigeria youths. From what I just read now I can boldly tell us Nigerians welcome back to the days of Abacha when Nigeria was owing huge death until it took the intervention of Obasanjo and Ngozi Okonjo Iweala to make sure some of that debt was written off and here we are again. Please let me ask again; what has FG and Nigerians got to do with part of this loan that FG planned to spend in Kastina, Kaduna and some environmental program in Abuja. Moreover, nowhere did Southeast mentioned in that loan as the vocational power training that Enugu was mentioned to be part of and not even a single tangible was mentioned to be spent as part of the loan. Finally, Nigeria are blessed with men with good and creative plans but curse with lack of implementation, supervision and maintenance, therefore some of the loans we took in the previous years are diverted and projects abandoned midway. Please, Nigeria youths must wake up today to demand the itemization of projects the money will be spent on and make not only the money was 100% spent on that project but make sure the project is viable and can repay this loan on it own without feeling hands into the purse of Nigeria. 1 Like |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by DexterousOne(m): 2:29pm On Mar 06, 2020 |
solmus: Politics is about participation That's true People who refused to vote because of Kanu did not take the wise decision either But if you are implying that because the SE did not vote Buhari that they should get no project That's silly and dumb. The president is in charge of the whole country If we get no projects Then they should not take our tax revenues either 5 Likes |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by Witcher(f): 2:31pm On Mar 06, 2020 |
udy821:Ask this 3 International economic organizations the World Bank, the International Monetary Fund (IMF), and the World Trade Organization (WTO). Because increase in food and other stuff is global not just Nigeria |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by pricklewane: 2:31pm On Mar 06, 2020 |
Even with this wail of sorrow ?! meforyou1: 1 Like |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by OluwaDamilola01: 2:31pm On Mar 06, 2020 |
[s] solmus:[/s] 1 Like |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by jamjo: 2:32pm On Mar 06, 2020 |
solmus: I will forgive you for your ignorant of geography east-west road is in South south and has nothing with second Niger bridge. 1 Like |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by jimyjames(m): 2:33pm On Mar 06, 2020 |
SoNature: No matter how hard they try to break us economically we Igbo's will never be beggars our spirit of dominate and ingenuity ability to solve difficult problems and succeed everywhere we go, will see us through 3 Likes |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by pricklewane: 2:34pm On Mar 06, 2020 |
Which part of Lagos was the post civil reconstruction done ? This is how foolish Igbo lie shamelessly like lunatic on NL. When you point that out the Igbotic mod will ban their soul till 4042. horsepower102: |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by OluwaDamilola01: 2:36pm On Mar 06, 2020 |
[s] solmus:[/s] |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by pricklewane: 2:37pm On Mar 06, 2020 |
My brother but your foolish kinsmen were all on NL telling that Buhari will show Tinubu pepper. The pepper is the $500 million while you n the rest of your kinsmen are free to wail to death Octimusprime: |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by jamjo: 2:37pm On Mar 06, 2020 |
solmus: Lack of knowledge is really a disease. |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by Gazzy88(m): 2:38pm On Mar 06, 2020 |
Staro:You hate Buhari, Buhari hates you back. No need for lamentations. I don't think south-east should expect anything worthwhile from APC govt. You lots vehemently rejected the party in your zone, so what on earth do you want from them? Wait till 2023 1 Like |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by OluwaDamilola01: 2:38pm On Mar 06, 2020 |
[s] Simplyleo:[/s] |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by jimyjames(m): 2:38pm On Mar 06, 2020 |
The reason Nigeria is like this , its because they neglected the only region that has the ability to turn things around in this country, as long as this region is neglected Nigeria will never amount to anything djon78: 1 Like |
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by OluwaDamilola01: 2:38pm On Mar 06, 2020 |
[s] solmus:[/s] |
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